Wednesday, July 6, 2016

Walter Saad and Cathy Nabours

AUSTIN, TX,  July 6, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has expanded its Austin office with the addition of Walter Saad and Cathy Nabours, who have joined the firm as managing directors.

 The team, formerly of CBRE, will focus on capital markets transactions across all property types in Central Texas.

Walter Saad has more than 30 years of industry experience and has been involved in the disposition of more than 7.8 million square feet of property sales totaling more than $970 million in volume. 

Sean Sorrell
He was most recently a first vice president of the CBRE Investment Properties team in Austin and has also held posts at Insignia/ESG, overseeing the Central Region Acquisitions team.

 Mr. Saad is a CPA in Texas and is an active member of The Real Estate Council of Austin, International Council of Shopping Centers and the Austin Chamber of Commerce.  He holds a bachelor’s degree in business administration from the University of Notre Dame. 

Cathy Nabours was most recently a first vice president in the Austin CBRE Investment Properties Group where she closed more than 130 properties valued at more than $760 million. 

She is affiliated with the International Council of Shopping Centers and sits on the Board of Directors for the Real Estate Council of Austin.  

Philanthropically, she is a founding member of The Fifty Young Leaders Board, which is in support of the new teaching hospital at Seton University Medical Center Brackenridge in Austin.  Ms. Nabours is a graduate of The University of Texas at Austin.

 In addition, the team will be supported by Laura Fincher, who joins HFF as a production coordinator.

“Walter and Cathy are two of the preeminent commercial transaction professionals in the Austin marketplace. We are thrilled they have decided to come on board with HFF,” said Sean Sorrell, senior managing director and co-head of HFF’s Austin office.

Doug Opalka
  “HFF has grown its Austin presence consistently since 2011, increasing head count and market share, and the addition of Walter, Cathy and Laura will undoubtedly continue that momentum.”

“HFF’s success nationally, in Texas, and here in Austin, is based on a really simple formula: we put our client’s interests first, we have a culture built on collaboration and teamwork, and we very simply hire the absolute best practitioners across our business lines in each market. 

“Walter and Cathy fit this model seamlessly and we are excited to combine their talents with our platform.  This will make the excellent service we provide to our clients in Central Texas even better,” added Doug Opalka, senior managing director and co-head of HFF’s Austin office.

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

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

HFF arranges $21.878 million in financing for lab conversion in North Carolina’s Research Triangle

Venture Center, 4117 Emperor Boulevard, Durham, NC

Greg LaBine
CHARLOTTE, NC, July 6, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $21.878 million in financing for Venture Center, a vacant, 138,337-square-foot, single-story lab building in Durham, North Carolina.

HFF worked on behalf of the borrower, an affiliate of Longfellow Real Estate Partners, to secure the three-year, floating-rate loan through Citizens Bank.  Loan proceeds will be used to fund capital improvements for the lab conversion.

Venture Center is situated on 14.26 acres at 4117 Emperor Boulevard in the Research Triangle area of North Carolina.  This location positions the property less than two miles from Research Triangle Park and less than five miles from the Raleigh-Durham International Airport in the Research Triangle Park/Interstate 40 corridor submarket of Raleigh-Durham.

  GlaxoSmithKline, the longtime tenant at the property, sold and vacated the building late last year.  The new owner will implement a complete rebuild of the lab space that will include adding a new loading dock, additional parking spaces, repainting the building and fully landscaping the courtyard. 

“Longfellow's science and technology ecosystem consists of the highest quality buildings in the best locations. We see outstanding value and opportunity in the Research Triangle area’s concentration of talented individuals, exceptional universities, entrepreneurial spirit and thriving quality of life,” said Adam Sichol, managing partner, Longfellow Real Estate Partners.

Cory Fowler
The HFF debt placement team representing the borrower was led by managing director Greg LaBine and associate director Cory Fowler.

“The Research Triangle is one of the fastest growing hotspots for technology and life sciences.  As such, Longfellow has identified robust demand in the market for professionally owned and operated life science real estate,” said Fowler. 

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

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

CHMWarnick Awarded Asset Management of Hilton Cleveland Downtown

Chad Crandell

BOSTON, MA  (July 6, 2016) - - - CHMWarnick (“CHMW”), the leading hotel asset management and business advisory services company, today announced that it has been selected by Cuyahoga County to asset manage the 600-room Hilton Cleveland Downtown.

 The $272 million publicly-funded hotel, which opened June 1, 2016, is connected to the First Merit Convention Center, the Global Center for Health Innovation, and Mall B, creating a world-class meetings destination.

"With the addition of the Hilton Cleveland Downtown, CHMW’s 50-plus property asset management portfolio now includes a total of 12 convention center headquarter hotels, with more than 12,000 rooms and one million-plus square feet of meeting space, providing us with unparalleled experience in big-box, group-oriented hotels," said Chad Crandell, managing director and CEO of CHMW.

 "We believe CHMW is now the largest asset manager within this segment. We have asset management responsibility for the single largest hotel in each of approximately half of the U.S. major metropolitan markets, including such cities as Anaheim, Atlanta, Chicago, Cleveland, Detroit, Phoenix and Washington, D.C., among others.

Michael W. Dever
“Working with virtually all of the major brands, including Marriott, Starwood, Hyatt and Hilton, no single firm has our experience in representing the interests of public and private clients in the planning, pre-opening and operational oversight of convention center hotels."

            CHMW was selected following a public RFP process. “CHMW is a proven asset management firm that has produced excellent results for its convention center hotels,” said Michael W. Dever, director of public works for Cuyahoga County. “They were a natural choice to represent the County’s interests to ensure we achieve our business goals.”

The Hilton Cleveland Downtown will offer 46,000 sq. ft. of meeting space with a seamless connection to the 395,000 sq. ft. of function space at the adjoining Convention Center.  Hotel amenities include a full-service business center, indoor pool, fitness center and state-of-the-art guest rooms.

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


Berger Commercial Realty Secures More Than 10,000 Square-Feet in South Florida Lease Transactions

Joe Byrnes
FORT LAUDERDALE, FL (July 6, 2016) - Berger Commercial Realty Senior Vice President Joe Byrnes and Senior Sales Associate Jonathan Thiel recently secured 10,498 square-feet in lease transactions for landlords across Broward County.

Powerline Business Center
Byrnes and Thiel represented Rising Tide Development, LLC in renewing its lease for 3,237 square-feet of space to Medicor Healthcare, Inc. and 1,400 square-feet of space each to Festina Lente, LLC and JODA Enterprises, Inc. at Powerline Business Center. Located at 5601 Powerline Road in Fort Lauderdale, the 82,330-square-foot building offers grade-level warehouse, showroom and office space within minutes of I-95 and Florida's Turnpike.

Cypress Creek Business Park
The brokers also represented Rising Tide Development, LLC in renewing its lease for 1,950 square-feet of office space to Cingular Wireless PCS, LLC at the Cypress Creek Business Park in Fort Lauderdale. Located at 6555 North Powerline Road, the property consists of two buildings totaling 54,600 square-feet of space situated just north of Cypress Creek Road near Powerline Road.

Jonathan Thiel

Hollywood Professional Building
Byrnes and Thiel represented Hollywood DEW, LLC in renewing its lease for 1,811 square-feet of office space to Can Am Immigration, Inc. at the Hollywood Professional Building. The 29,044-square-foot office building is located at 6600 Taft Street in Hollywood and offers convenient access to Florida's Turnpike, University Drive and State Road 7.

Parkway Professional Building
The brokers represented DEW Seven, LLC in leasing 700 square-feet of office space to LVM Real Estate, LLC at the Parkway Professional Building. Located at 6151 Miramar Parkway in Miramar, the 40,858-square-foot, three-story building features a courtyard, a key pad entry system, abundant parking and convenient access to Florida's Turnpike and State Road 7.

For more information about Berger Commercial Realty's leasing services, call 954-358-0900.

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

Lexi Robinson, ext. 255,

Marielle Sologuren, ext. 226, 

Algonquin Golf Course in Canada to Undergo Multi-Million Dollar Upgrade

Algonquin Resort, St. Andrews, New Brunswick, Canada

Gerry Chase
St. Andrews, New Brunswick, CANADA (July 6, 2016) -- Gerry Chase, president and COO of New Castle Hotels & Resorts, today announced that top Canadian golf course architect Rod Whitman will lead a generational repositioning of the Algonquin Resort’s highly acclaimed course. 

Whitman most recently gained world renown for his work on Nova Scotia’s Cabot Links, the top course in Canada and winner of the Golf Inc. 2012 Development of the Year award.  Cabot Links has secured two Top 100 Worldwide rankings.

“The Algonquin Golf Course is currently recognized as the best in New Brunswick, and ranks among the top 100 courses in the country,” said Matthew MacKenzie, general manager of the resort. 

“We want to elevate that standing and ensure that our course, a Maritimes treasure that has been challenging and impressing golfers for more than a century, stays competitive in terms of the level of play it offers and the sheer beauty of the design. Who better than Canada’s leading golf course architect to make that happen?”  

Rod Whitman
Whitman’s redesign will accentuate the natural beauty of the region, re-sculpting holes, tee boxes, bunkers and greens to optimize the golfing experience.  Sightlines and views will emphasize the Bay of Fundy location and the historic town of St. Andrews.

“New golf course design is always a creative challenge,” said Whitman. “The Algonquin Resort Golf Club has a long and storied history and I am honoured to be entrusted to re-imagine this national legacy. I look forward to the opportunity to further enhance the golfing experience at this one-of a- kind, seaside resort.”

Originally constructed in 1894, The Algonquin Golf Course was redesigned and expanded with an “executive nine” for those who don’t have time for a full 18 in the 1920s.

The current, 7,000-yard, par 72 course was designed in 2000 and is rated the best course in New Brunswick and ranked among the top 100 courses in Canada by Canadian Golf Magazine.  It’s original clubhouse, is believed to be the oldest in the country.

Jim Spatz
According to Jim Spatz, chairman, and CEO of Southwest Properties, and Atlantic Canada’s 2015 CEO of the Year, preparation for the renovation began in the spring and currently is on hiatus to prevent disruption to summer guests.  

Work will resume post-season and Spatz said that he expects nine holes to open early in 2017, with the remainder slated for July 2017.

            Pre-opening tours for golf media and meeting planners are immediately available by prior arrangement.  Please contact:

            Denise Bradbury
            Director of Sales and Marketing
            1 855.529.8693
            Resort reservations and golf tee times are available by calling toll free 855-529-8693 or by emailing  For additional information about the Algonquin Resort, please visit

The Algonquin Resort is managed by New Castle Hotels & Resorts, of Shelton Conn. and owned by a partnership between New Castle and Southwest Properties of Halifax, NS. 

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

Lauralee Dobbins
Write Touch Public Relations

Lincoln Property Co. Sells $30 Million Phoenix, AZ Industrial Building to XPO

XPO Supply Chain Building, 7037 West Van Buren Street, Phoenix, AZ

David Krumwiede
PHOENIX, AZ – After leasing a Class A Lincoln Property Company (LPC) distribution facility in the heart of Phoenix’s Southeast Valley industrial market for three years, global supply chain leader XPO Supply Chain Inc. has opted to purchase the building for more than $30 million.

A top-ten global provider of supply chain solutions, XPO (formerly Menlo Worldwide) originally occupied the LPC building 2013, bringing with it wide variety of internet fulfillment-related jobs. Last week, XPO executed its option to purchase the building, which is located at 7037 W. Van Buren St. in Phoenix, for $30,378,000.

“Build-to-suits have been hot in Phoenix for years, but big tenant demand for existing space was average. Now, big tenant activity is on the rise, which is tightening the availability of large blocks of space and making assets like 7037 very attractive for tenants and investors alike,” said Lincoln Property Company’s Executive Vice President David Krumwiede.

The 7037 building totals 552,330 square feet of Class A warehouse/distribution space. Amenities include 31.5 to 35.5-foot clear height, energy efficient lighting, evaporative cooling, skylights and sprinklers.

The 31.8-acre lot includes the main building, a fenced truck court with guard shack and parking for 378 cars, 146 trailer stalls and 100 truck bays with cross dock and front load configurations. It is within a Foreign Trade Zone, providing state and local tax incentives and on-site job training programs. Corporate neighbors include Target, Amazon and HSN.

John Orsak
The project is one mile from Interstate 10, served by two full diamond interchanges at 67th Avenue and 75th Avenue. It is also 15 minutes from Sky Harbor International Airport.

Connecticut-based XPO specializes in supply chain management, truckload brokerage and transportation, high-value-add warehousing and distribution, global forwarding and last mile logistics. 

It employs more than 87,000 in 1,440 locations worldwide, serving more than 50,000 customers including Boeing, The Home Depot, IKEA and L’Oreal.

To discuss development, leasing or investment opportunities with Lincoln Property Company in the Desert West Region, please contact David Krumwiede or John Orsak at (602) 912-8888.

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

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195