Wednesday, August 3, 2016

Chatham Lodging Trust Announces Second Quarter 2016 Results

Jeffrey H. Fisher
WEST PALM BEACH, FL, Aug. 3, 2016—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced results for the second quarter ended June 30, 2016. In addition, the company updated its guidance for 2016.

“RevPAR growth continued to decelerate in the 2016 second quarter as weakening industry fundamentals persisted with increased supply combined with muted demand and GDP growth,” said Jeffrey H. Fisher, Chatham’s president and chief executive officer.

“As an industry, we are finding it very difficult to drive rate increases given weaker business demand and the impact on rates from the online travel agents, as well as increased supply in certain gateway markets.”

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

Patrick Daly
Office Manager
Daly Gray Public Relations Inc.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289 |

Regency Centers Reports Second Quarter 2016 Results

JACKSONVILLE, FL -- (BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”) (NYSE: REG) today reported financial and operating results for the period ended June 30, 2016.

Regency reported net income attributable to common stockholders (“Net Income”) for the second quarter of $34.8 million, or $0.35 per diluted share, compared to Net Income of $32.5 million, or $0.34 per diluted share, for the same period in 2015.

 For the six months ended June 30, 2016 Net Income was $82.7 million, or $0.84 per diluted share, compared to $57.7 million, or $0.61 per diluted share for the same period in 2015.

With more than 50 years of experience, Regency is the preeminent national owner, operator and developer of high-quality, grocery anchored neighborhood and community shopping centers. 

The Company’s portfolio of 311 retail properties encompasses over 42.3 million square feet located in top markets throughout the United States, including co-investment partnerships.

Regency has developed 222 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

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

Patrick Johnson, 904-598-7422

Cary Park Town Center in Cary, NC, Renews Lease With Goin’ Postal

Kaler Walker

RALEIGH, N.C. (Aug. 3, 2016) — Goin’ Postal has signed a 1,131-square-foot lease renewal at Cary Park Town Center, located in Cary, North Carolina.

Kaler Walker and John Mikels of Lincoln Harris represented the landlord, Cary Park Town TC, LLC, in the transaction.

“Cary Park Town Center has been fully leased since 2012, and its tenants keep renewing their leases thanks to the property’s prime location and strong foot traffic,” Walker said.

Goin’ Postal packs, ships and transports items to their final destination. 

The 93,211-square-foot Cary Park Town Center is located at 10020 Green Level Church Road. Harris Teeter anchors the center, and additional tenants including McDonald’s, CVS/pharmacy, Dunkin’ Donuts, Wells Fargo and more.

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

Savannah Durban
The Wilbert Group

Lexington Homes Begins Pre-Sales for Lexington Shore Rowhomes in Chicago’s Hyde Park/Kenwood Neighborhood

Jeff Benach

 CHICAGO, IL (Aug. 3, 2016) – Pre-sales are underway at Lexington Shore, a gated community of 20 single-family rowhomes in Chicago’s Hyde Park neighborhood in the Kenwood Historic District, announced Chicago-based Lexington Homes.

No stranger to building successful residential communities in Hyde Park, Lexington Homes – under its former name Concord Homes – first entered the neighborhood in 1999 when it started developing Renaissance Place, a community of 204 loft units, 17 single-family homes and 44 rowhomes, on the site of the former Chicago Osteopathic Medical Center.

“When you’ve been building homes in Chicago for more than 40 years, you’re bound to return to certain neighborhoods like Hyde Park because it’s constantly at the top of buyers’ wish lists as a great place to live,” said Jeff Benach, co-principal of Lexington Homes.

 “We’ve been waiting a long time to find the right piece of land and the right floor plans for Lexington Shore. And while our home designs have changed over the years, and we’re working with a whole new generation of Hyde Park buyers, one thing that hasn’t changed is our desire to build attractive, quality homes that offer everything buyers want out of a rowhome in this area.”

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

Kelly Shumaker,, 312-267-4519

Kim Manning,, 312-267-4527

HSA Commercial to Launch 152,122 SF Spec Industrial Development at Park 355 in Woodridge, IL

Jack Shaffer
CHICAGO, IL (Aug. 3, 2016) — Jack Shaffer, chairman of Chicago-based HSA Commercial Real Estate, today announced the firm will develop a 152,122-square-foot speculative warehouse at 2141 Internationale Parkway in Woodridge, Ill.

HSA Commercial will break ground this month on the new Class A distribution center building, the third and final phase of the firm’s highly successful Park 355 development, which will encompass more than 500,000 square feet when construction of Phase III is completed in March 2017.

Located at the southwest quadrant of Interstate 355 and Internationale Parkway, the new 152,122-square-foot building will include 30-foot clear heights, three drive-in doors and 15 truck docks, with the ability to construct an additional 15 docks based on tenant requirements.

The freeway-visible Phase III will be able to accommodate users requiring as little as 36,000 square feet, making it one of the only newly constructed Class A options available for smaller tenants in the Interstate 55 corridor.

“With the strong lease-up of our previous two buildings at Park 355 and the continued demand for high-clear, Class A industrial space – particularly among smaller users – the timing for this project is ideal,” said Robert Smietana, vice chairman and CEO of HSA Commercial.

Robert Smietana
“Although this building is being developed on spec, the leasing interest has been so strong that it would not be a surprise to have a sizeable portion of the building pre-leased before construction is complete.”

HSA Commercial began developing the 37-acre Park 355 complex – located near the junction of I-55 and I-355 – in 2006. The project’s first phase consisted of a 254,453-square-foot distribution center that is leased to national logistics and manufacturing tenants including Ace Hardware and Tricor Braun.

The project’s second phase, a 180,480-square-foot speculative industrial facility, was completed in 2014 and is now nearly fully leased.

Tim Thompson, executive vice president and managing director of the Industrial Services Group at HSA Commercial, is responsible for project leasing. 

Cornerstone Architects Ltd. designed the new distribution center, and Morgan / Harbour Construction will serve as the project’s general contractor.

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

Abe Tekippe,, (312) 267-4528
Kim Manning,, (312) 267-4527

EverWest Kicks Off The Quad: Major Scottsdale, AZ Office Renovation

Rendering of The Quad Redevelopment, Scottsdale, AZ

Curt Kremer
SCOTTSDALE, AZ – A joint venture between EverWest Real Estate Partners and WHI Real Estate Partners L.P. (WHIREP) has earned unanimous approval by the Scottsdale City Council for a zoning modification, and has started construction on The Quad, a major 13-acre, 14-building redevelopment project that blends elements of a lifestyle center and office park to create a next-generation creative office community.

The project is located at the northwest corner of 64th Street and Thomas in Scottsdale, Arizona.

“The Quad is the real-world application of buzzwords like ‘casual collisions’ and ‘horizontal connections’ – an approach that lessens the normally harsh separation between indoor and outdoor space.

“This is something that is still new to metro Phoenix but that has achieved great success in high-density markets like San Diego, Los Angeles and Silicon Valley,” said Curt Kremer, Managing Principal – Equity Ventures for EverWest. “We are excited to bring this concept to the Valley.”

Over the next six months, EverWest and WHIREP will transform The Quad (formerly Scottsdale Executive Villas) into 166,606 square feet of creative office space across 14 stand-alone buildings.

Office suites will range from 2,000 to 12,500 square feet, and include private outdoor workspaces and sliding patio doors that create a true indoor-outdoor work environment. Buildings at The Quad will be connected by park-styled courtyards and seating areas that EverWest will activate with free, property-wide Wi-Fi.

Amr Ceran
Along with shell delivery, EverWest and WHIREP will build out six speculative creative suites totaling approximately 38,000 square feet. 

These suites will be equipped with open style collaboration spaces, focus rooms, huddle rooms, standard glass offices, open ceilings, break rooms, coffee bars and an innovative finish palate.

“This is a 1980s-built project that we are taking down to the structure,” said Kremer. “When you do this, you expose architectural features like high ceilings, raw concrete masonry walls and beautiful wood beams – elements that tenants today love and that we are excited to preserve and to mix with cutting-edge designs that are being developed by the Gensler interiors team in Denver.”

A central, 4,500-square-foot gathering facility called The Q will anchor The Quad, providing tenants with state-of-the-art conference and event space, a full catering kitchen, private tenant liquor cabinets and lounge seating that can accommodate activities ranging from corporate training to holiday parties.

The Q will also include a tenant-exclusive fitness center with showers and lockers, and an on-site full service restaurant. The owners are in discussions with several popular, local restaurant operators interested in the space.

The Quad planned interior
“Unlike traditional buildings, where workers make a beeline from the parking lot to their desks, every element of The Quad is meant to connect and network tenants, and foster an environment where companies develop relationships and share ideas,” said Amr Ceran, Senior Director for EverWest. “They can work not only in their office, but also in our common areas or on their patio, under a canopy of 30-year-old trees.”

The Quad maintains a direct connection to the Cross-Cut Canal multi-use path, and will incorporate a striped lane to transition cyclists from the paved path to The Quad property, where there will be multiple bike parking areas. 

The pet-friendly campus will also offer dedicated, fenced-in dog parks for those wanting to bring their pets to work.

Bryan Taute
The Quad is located approximately three miles from the Loop 101 and Loop 202 freeways, two miles from Old Town Scottsdale and is minutes from Sky Harbor International Airport, Arizona State University and downtown Tempe.

The architect for The Quad is Denver-based Gensler. The general contractor is Phoenix-based RSG Builders. Bryan Taute and Charlie von Arentschildt of CBRE are the project’s exclusive leasing brokers.

For more information on The Quad, visit or call Kremer or Ceran at 602.274.4433.

Other active EverWest redevelopment projects in Arizona include The Madison in Phoenix, The Forum in Gilbert and, most recently, The Circuit, a 185,000-square-foot adaptive reuse project in Tempe that was recently 50 percent leased to New York-based health insurance company, Oscar.

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

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

John Zalkin Joins Rivergate KW Residential as VP of Client Services

John Zalkin

MIAMI, FL (Aug. 3, 2016) —RIVERGATE KW RESIDENTIAL, a multifamily property management company, has strengthened its growing team by hiring John Zalkin as Vice President of Client Services. He is working closely with company principals to identify strategic growth opportunities throughout the Southeast U.S. market and beyond.

Zalkin comes to RIVERGATE KW RESIDENTIAL with two decades of real estate, property management and client services experience. Prior to joining the company, Zalkin served as Managing Director at Kent Services, one of the largest privately held security guard and technology firms in the Southeastern U.S. 

Responsible for the development and implementation of growth and sales strategies for entire state of Florida, Zalkin built a broad network of residential and multifamily communities, management companies, asset managers and commercial management companies.

“The addition of John Zalkin to our team is one that we are very excited about,” said Marcie Williams, President of RIVERGATE KW RESIDENTIAL. “John is a big believer in our core values that emphasize a personal approach to property management. His strong industry relationships will help drive our continued growth.”

“I have known the leaders of RIVERGATE KW RESIDENTIAL for years and have been highly impressed with their approach and reputation within the business community,” said Zalkin.

Marcie Williams
“I am thrilled to have the opportunity to work directly with our executives to expand our footprint and bring new innovators to the company. I come from a real estate family and have a strong passion for the industry.”

Zalkin started his real estate career in the mid-1990s. He directed all property management functions over a large portfolio of multifamily and commercial properties located in Miami Beach, Florida.

 Zalkin evaluated complex commercial and residential real estate deals, conducting financial due diligence, securing financing, overseeing construction and completing sales transactions.

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

Eric Kalis or Ashley Fierman, BoardroomPR

HFF arranges $32.15 million financing for seniors housing development in Port St. Lucie, FL

Rendering of Planned Watercrest of St. Lucie West Seniors Housing Community,
 Port St. Lucie, FL   
                                                              (Rendering by D2 Architecture)
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $32.15 million in joint venture equity and construction financing for the development of Watercrest of St. Lucie West, a 128-unit, to-be-built seniors housing community located in Port St. Lucie, Florida.

Ed Coco
HFF worked on behalf of the developer, Watercrest Senior Living Group, to arrange $11.15 million of joint venture equity capital from a third party. 

In addition, HFF secured the $21 million construction loan for the partnership through Wells Fargo’s Senior Housing Finance Group, a nationally focused specialty unit within Wells Fargo’s Commercial Real Estate Platform.

Watercrest of St. Lucie West will be situated on 5.3 acres at 279 NW California Boulevard to the east of the intersection of Interstate 95 and SW St. Lucie West Boulevard and to the west of Florida’s Turnpike and U.S. Highway 1.

Due for completion in 2017, the development will be approximately 50 miles north of West Palm Beach and 30 miles south of Vero Beach along Florida’s Atlantic coast. 

Amenities surrounding the community include PGA Village Verano, a premier 3,000-acre golf community and resort; Tradition Field, which is the spring training location for the New York Mets; Tradition Medical Center; St. Lucie Medical Center; and numerous retail attractions.

Ryan Maconachy
 Overlooking a tranquil, tree-lined lake, the property will have 102 assisted living and 26 memory care apartments.  

Community amenities will include three chef-inspired and prepared daily meals, on-site salon and Spa W, swimming pool with verandas, outdoor living spaces, in-unit laundry facilities and kitchenettes, wellness and activity programs, medication management, health screenings, daily transportation services and 24/7 licensed nursing in the community.

The HFF equity and debt placement team representing the developer was led by senior managing directors Ed Coco, Ryan Maconachy and Chad Lavender.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF closes $16.3 million sale of Two single-tenant Albertsons stores near Seattle, WA

Albertsons Stores are in Renton, WA and Milton, WA

Nick Foster

NEWPORT BEACH, CA,  Aug. 3, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $16.3 million sale of two single-tenant Albertsons grocery stores totaling 97,021 square feet in Renton and Milton, Washington.

HFF marketed the two properties on behalf of the seller, HH Property North, LLC.  CE Enterprise Partners, LLC purchased both properties.

The sale included a 43,130-square-foot store in Renton, which was renovated in 2015.  The building is triple net leased to Albertsons through 2035 and is located 18 miles southeast of Seattle’s city center.

 The 3.55-acre property benefits from strong demographics; within a three-mile radius of the store, there are more than 98,000 residents with an average annual income of more than $96,000.

The second property is located approximately eight miles east of Tacoma and 27 miles south of Seattle.  Situated on 4.2 acres at the intersection of Milton Way and State Route 161, the property is in a trade area with 65,400 households living within a five-mile radius with an annual household income of more than $76,000.  The 53,891-square-foot building is triple net leased to Albertson’s through 2035.

Mark West
The HFF investment sales team representing the seller was led by Nick Foster, Mark West and Nick Kassab.  Bob Tuller of Cushman & Wakefield’s San Francisco office represented the buyer.

“These two properties generated exceptional interest given the strength of the tenant, long-term nature of the leases and dynamic retail locations,” Foster said.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

Sale of The Palms at Town & Country in Miami, FL closed by HFF

The Palms at Town & Country, 8505 Mills Drive, Miami, FL

Daniel Finkle
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of The Palms at Town & Country in Miami, which, at 667,757 square feet, is one of the largest and most iconic open-air retail centers in South Florida.

HFF marketed the property on behalf of the seller, TIAA Global Asset Management.  Weingarten Realty Investors purchased the retail center free and clear of existing debt.

The Palms at Town & Country is anchored by Publix, Marshalls, Dick’s Sporting Goods, Nordstrom Rack, Total Wine & More, Kohl’s, Toys”R”Us, 24-Hour Fitness and Forever 21 Red, in addition to inline shop and restaurant tenants, including Blue Martini, Corner Bakery CafĂ©, Casavana Cuban Cuisine, CVS, New York & Company and Bath & Body Works. 

Situated on 70 acres at the Florida Turnpike and Kendall Drive interchange in Miami, The Palms at Town & Country is located at 8505 Mills Drive.  This “main and main” location is visible to more than 200,000 vehicles per day with an estimated 485,400 people inhabiting a five-mile radius.

 Redeveloped in 2009, the multi-building center has a Mediterranean theme and is landscaped with a large central water feature with pedestrian bridge and fountain.

 The HFF team that represented the seller was led by senior managing director and co-head of HFF’s retail practice Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi.

Luis Castillo
“Investor demand for core, regionally dominant retail centers with strong growth potential far exceeds available investment opportunities in the market,” Finkle said.  “As a result, The Palms at Town & Country was highly coveted.”

"We are extremely pleased to announce our acquisition of The Palms at Town and Country in Miami, Florida,” said Rick Carson, vice president/senior regional director of Development and Acquisitions for Weingarten Realty Investors. 

“Weingarten's acquisition of this marquis asset is consistent with our disciplined strategy to acquire dominant centers in high-barrier-to-entry markets.  

"The 667,000-square-foot center includes both a community center and a lifestyle center and is anchored by a market-leading grocer along with several top-tier power center and fashion tenants.

“This important acquisition serves to further strengthen Weingarten's national portfolio of high-performing centers.”

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |