Tuesday, January 5, 2016

Newly Formed Core5 Industrial Partners Announces Company Growth; Plans Core5 Logistics Center at Shugart Farms as First Development to Hit Market in Atlanta, GA

Linda Booker
ATLANTA, GA, Jan.  5, 2016 – Three veteran industrial real estate professionals, in conjunction with Kaiima USA Group, announced the formation of Core5 Industrial Partners, a real estate property company focused on development and acquisition of Class A industrial properties.

 The company has commenced development in Atlanta with plans to expand to all of the key logistics markets throughout the US over the next three years.

Kajima USA stepped forward in 2015 to capitalize the company with a leadership team from previous employees of its successful industrial company, IDI, which developed over 175 million-square-feet of Class A properties over a 25 year period prior to selling the company in October 2013.

 Leading Core5’s efforts are Tim Gunter as President and CEO, Linda Booker as CFO and Lisa Ward as Senior Vice President and Managing Director.

The 175 year-old Japanese powerhouse, Kajima Corporation, owns Kajima USA which offers real estate development services, along with architectural, engineering and construction services through a national network of specialized companies in the US. Representing Kajima’s industrial real estate investment, Core5 focuses on development and acquisition of Class A industrial properties throughout the United States.

Lisa Ward
To take advantage of the financial strength of its parent, Core5 plans to finance most deals on its balance sheet and to have a substantial equity commitment in the products it develops. Core5 also plans to co-invest with other financial partners as well to grow its platform nationally.

”The US market continues to offer significant opportunities for accretive development  and we have considerable capital resources to finance deals that take advantage of attractive market conditions, said Gunter, President and CEO for Core5. 

“We’ve been evaluating several markets and specific opportunities and our pipeline is robust going into 2016. We feel good about where we are going.”

Core5 Logistics Center at Shugart Farms, the company’s initial development, is already under construction with a 873,800 square foot state-of-the-art industrial facility, located in the I-85 South/Airport market in Fairburn, Georgia, just south of Atlanta’s city center less than 10 miles from Hartsfield Jackson International Airport.

 The Airport Submarket has been the most active submarket in Metro Atlanta, landing several Fortune 500 companies for largescale distribution and e-commerce fulfillment center over the last year. 

The new facility, with anticipated delivery in 3Q 2016, will offer all the key elements desired by end-users including:  36’ clear height, significant trailer and auto parking, immediate access to key supply chain infrastructure, an outstanding labor pool from which to draw employees along with close proximity to rooftops of Metro Atlanta. Core5 Industrial Partners selected SunTrust as its financing partner for the project.

Tim Gunter
“We’re in a position to have a very active year in 2016, said Core5’s Ward, Senior Vice President and Managing Director overseeing development and acquisition activities in the southeastern United States.

“We’re excited about the new product coming out of the ground in Atlanta while at the same time, equally motivated to break into other key logistic markets in the US.

" For 2016, Core5 has identified approximately 5 million square feet of anticipated development starts in Metro Atlanta and three additional key logistics markets. The future for Core5 looks very bright.”

Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of inventory and build-to-suit facilities of Class A industrial properties.

Headquartered in Atlanta, Georgia, Core5, named for its five core business principles, was capitalized in 2015 by Kajima USA Group, whose $2 billion industrial holdings were sold in 2013. With current activity in Atlanta, Georgia, Core5 expansion plans include the key logistic hubs throughout the US.

 For more information on Core5 Industrial Partners, visit www.c5ip.com.

For a complete copy of the company’s news release, please contact:

Lisa Ward
Core5 Industrial Partners

NAI Realvest Completes Central Florida Seven Office Lease Agreements within 60 days for nearly 15,000 rentable square feet in Lake Mary, Winter Springs and the UCF area

Mary Frances West
ORLANDO, FL --- Mary Frances West, CCIM Vice President at NAI Realvest negotiated seven leases within the past 60 days for a total of 14,982 rentable square feet of office space in Lake Mary and Winter Springs in Seminole County, and in the UCF area of East Orange County.

West represented Landlord RREF Interchange-FL Primera II, LLC of Daytona Beach in a new lease agreement with Ajax Building Corporation of Altamonte Springs.  The tenant, a construction management firm, leased 1,408 square feet at 735 Primera Blvd. in Primera Court II. 

  At the same class A office building, West negotiated two lease renewals with existing tenants each occupying 1,380 square feet – Carrington Mortgage Services, LLC headquartered in Santa Ana, Calif. and Lake Mary-based Target Engineering.

In Winter Springs, West represented the tenant, Kenosha, Wis.-based Snap-On Tools Company in a lease renewal and expansion for a total of 3,140 square feet in the Vistawilla Office Center located at 1511 E. SR 434.

West negotiated two leases at University Court located at 3361 Rouse Rd. in East Orlando’s UCF area representing the landlord Interchange-FL Rouse, LLC of Daytona Beach.  

Monica Wonus
Melbourne-based Florida Today, a division of the Courier Journal, Inc. leased 1,122 square feet at the office building, and was represented in the negotiations by Monica Wonus and Allison Wong of CBRE.

  In addition, Regional Acceptance Corporation renewed the lease of their space containing 2,670 square feet.  

Finally, West negotiated a renewal lease with ESP Management of Florida, Inc. who occupies 3,882 square feet at University Court.

   For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

MBA Releases Q3 2015 Commercial/Multifamily Databook; MBA—CREF Expo Jan. 31-Feb. 3 in Orlando, FL

Kareem Abdul-Jabar
WASHINGTON, DC -- The Mortgage Bankers Association (MBA) today released its Third Quarter 2015 Commercial/Multifamily Databook. You can download the entire Databook here.

Don't forget to register now to cover MBA's CREF/Multifamily Housing Convention and Expo 2016

MBA’s CREF/Multifamily Housing Convention and Expo is the signature event for commercial real estate finance and multifamily housing professionals.  For four days, professionals will network, provide economic and regulatory updates, and share tips for success in the marketplace.

 Attendees will enjoy a comprehensive industry outlook with several session topics and speakers.  It is truly designed for anyone involved or interested in commercial and multifamily real estate finance. 

Speakers Include:

·     Bill Emerson, 2016 MBA Chairman; CEO, Quicken Loans, Inc.
·     David H. Stevens, CMB, MBA’s President and CEO
·     Kareem Abdul-Jabar, NBA Hall of Famer, Time Magazine and Washington Post columnist
·     Robert M. Stout, CRI, Chair, COMBOG 2016; President and CEO, Q10 Capital LLC
·     Michael Fratantoni, MBA’s Chief Economist and Senior Vice President of Research and Industry Technology
·     Jamie Woodwell, MBA’s Vice President of Commercial and Multifamily Research
·     Christopher, LaBianca, Managing Director, Head of Origination, UBS Real Estate Finance
·     Angela Mago, Executive Vice President, KeyBank, Real Estate Capital
·     David M. Durning, President and CEO, Prudential Mortgage Capital Company
·     Howard W. Smith, III, President, Walker & Dunlop, LLC
·     Thomas D. Dennard, Chairman and CEO, Grandbridge Real Estate Capital LLC
·     Rocco Mandala, Executive Vice President, CBRE Capital Markets
·     Victor Calanog, Ph.D., Chief Economist and Senior Vice President, Reis, Inc.
·     Jim Costello, Senior Vice President, Real Capital Analytics

Angela Mago
Session Topics Include:

CRE Lending- Steady As it Goes or a Brace New World?
Property Market Conditions and Outlook
The Economic and Market Outlook for 2016
2016 Elections and CRE Finance
Navigating the Regulatory Landscape
FHA Multifamily New Policies and Programs
Small Balance Lending

WHEN: January 31 – February 3, 2016

WHERE: The Hyatt Regency Orlando, 9801 International Drive, Orlando, FL 32819

CONTACT: All conference events are open to the media, except for any event otherwise mentioned on the convention program.  Credentials must be obtained in advance.  Please contact Ali Ahmad at aahmad@mba.org or (202) 557-2727 for more information or to register.  To visit the Conference website, click here.

 For a complete copy of the company’s news release, please contact:

Ali Ahmad

(202) 557-2727

HC Real Estate Capital Arranges $13.6MM Bridge Financing for Retail Center in Huntsville, AL

University Place Shopping Center, Huntsville, AL

Chris Caveglia

Huntsville, AL, Jan. 5, 2016 -- Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital have arranged $13,600,000 in bridge financings for University Place Shopping Center located in Huntsville, AL.

  Financing was arranged through an institutional bridge lender with a 3-year term at a competitive interest rate.  University Place is a 168,212 square foot community center built in 1989 and is situated on 21.74 acres.    

The tenant mix is made up of both national and local tenants including:  Panda Express, Cheddar’s, Zaxby’s, 24 E Health Club, Nothing But Noodles, T-Mobile and Subway.

Chris Caveglia, Principal at HC Real Estate Capital states, “University Place Shopping Center is located on the heavily traveled University Drive with over 68,000 cars per day and is in close proximity to Cummings Research Park, the second largest research park in the nation and the fourth largest in the world.” 

Kurt Hoffmann
Caveglia also went on to say, “This loan will provide the borrower the opportunity to carry out their plan to renovate the center and lease up the vacancy. “

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia with a history of reliability, flexibility and quality customer service.

Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent commercial and multifamily real estate loans. 

The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks as well as a proprietary lending platform.

For a complete copy of the company’s news release, please contact:

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176