Sunday, August 28, 2016

HFF closes $27.2 million sale of 30-unit apartment building in Brooklyn. NY

333-335 Carroll Street Apartments, Brooklyn, NY
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $27.2 million sale of 333-335 Carroll Street, a newly-redeveloped, 30-unit, Class A boutique apartment building in Brooklyn’s Carroll Gardens neighborhood.

HFF exclusively represented the seller, 333 Carroll Condominium LLC.

Originally built in 1931 as a warehouse loft building, 335 Carroll Street was redeveloped into residences in 2014. 

The five-story property blends original architectural elements with modern luxury finishes such as open layouts, 10-foot ceilings, hardwood floors, reclaimed wood, walk-in closets, stainless steel appliances, open-island kitchens and oversized windows.

 The property’s mix of studio, one-, two- and three-bedroom units average 984 square feet with some units comprising home office space and balconies.  Common area amenities include a rooftop deck offering panoramic views of Brooklyn and the Manhattan skyline, fully-furnished lounge with TV and pool table, fitness center and below-grade parking. 

Located at 335 Carroll Street between Hoyt and Bond Streets, the property offers nearby access to the F, G and R subway lines, Whole Foods, Carroll Park, and shopping and dining along the Smith Street and Court Street retail corridors.

The HFF investment sales team representing the seller was led by senior managing director Andrew Scandalios and managing directors Jeff Julien and Rob Hinckley.

 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 |

Lincoln Brokers Leases Totaling More Than 10,000 Square Feet at Executive Park, Atlanta’s Premier In-Town Office Park in Atlanta, GA


Jeff Henson
 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has secured one new lease and three lease renewals totaling 10,043 square feet at Executive Park, a 60-acre office park located at Executive Park Drive in Atlanta.

 Lincoln was retained by Emory Healthcare to lease and manage the exclusive in-town office park in February of this year. Jeff Henson and George Gwaltney of Lincoln represented the landlord in the transactions.

The details of the transactions are below:

 •      American Court Reporting Co. signed a 3,300-square-foot lease renewal in Building 52. Steve Hanna with Hanna Properties represented the tenant.

•      SiShield Technologies, Inc. signed a 1,224-square-foot lease renewal in Building 17.

•      New Century Hospice, Inc. signed a new 1,976-square-foot lease in Building 17. Rob Wolfe with Swearingen Realty Group, LLC, represented the tenant.

•      Chickasaw Nation Industries, Inc. signed a 3,543-square-foot lease renewal in Building 17.

George Gwaltney
“Executive Park is one of the biggest and most unique office sites in the city, offering a wide array of space from 1,000 square feet to 20,000 square feet, and Emory Healthcare is committed to investing significant capital to make this a truly outstanding property,” Henson said.

 “Since taking over the leasing and management of Executive Park we have already had significant success and we anticipate a continued wave of leases for the property in the coming months.”

Emory Healthcare, which anchors the six-building property, acquired Executive Park in the first quarter of 2016. The property currently features 378,882 square feet of Class B office space, frontage along I-85, and a desirable location between Buckhead and Emory.

Forty acres of the 60-acre site have been approved for future mixed-use development, including the 90,000-square-foot world-class training and sports medicine facility that the Atlanta Hawks recently partnered with Emory Healthcare to build.

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

Savannah Durban
The Wilbert Group

JLL’s Buckeye Land Sale Ushers In Major Cardinal IG Glass Development; Manufacturer to build 250,000-SF project that will generate 100 new jobs

Anthony J. Lydon
PHOENIX, AZ – On behalf of Evergreen Devco Inc. and Evergreen-Apache & Southern LLC (Evergreen), the Phoenix office of JLL has completed the sale of 77 acres of land in Buckeye, Arizona to Cardinal IG Companies (Cardinal IG).

Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will bring 100 new jobs to the City of Buckeye.

Cardinal IG is a wholly-owned subsidiary of Cardinal Glass Industries, a leading glass manufacturer with more than 6,000 employees and 37 manufacturing locations across the U.S.

 Its new custom built, sate-of-the-art manufacturing facility in Buckeye will produce high-quality, energy efficient insulating glass for residential window and door companies across the globe.

The development is expected to generate nearly $90,000 of direct annual revenue to the city, not including the indirect and induced positive fiscal impacts to the city of approximately $5 million over 20 years.

“This is Buckeye’s first significant industrial employment investment since 1992,” said JLL Managing Director Anthony J. Lydon, who along with JLL Managing Director Marc Hertzberg represented Evergreen in the land sale. “It was a perfect mix of a prime location and Buckeye’s 2015 decision to waive the municipal sales tax for energy to qualifying manufacturers.”

Marc Hertzberg
“The combination will return mutual benefits for Cardinal IG and the City of Buckeye for decades,” said Hertzberg.

Buckeye Mayor Jackie Meck agreed that the land sale is a pivotal one for the city. 

“This is a great company that Buckeye can partner with for many years, and it will provide great jobs for our residents,” Meck said. “I also hope that having Cardinal select Buckeye for locating its operations here will kick-start other manufacturing development in our city.”

The new Cardinal IG site is located just south of the southeast corner of Apache Road and Southern Avenue, approximately three miles south of Interstate 10 and three miles east of Highway 85 in Buckeye, Arizona.

Situated just north of the city’s historic downtown, the site is part of 152 acres controlled by Evergreen and marketed by JLL. Lydon and Hertzberg continue to market a remaining 75 acres for Evergreen on the direct southeast corner of Apache and Southern, and located immediately north of the Cardinal IG site.

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

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

.Sale of Boynton Beach, FL Bank of America Building Arranged by Marcus & Millichap

Bank of America Building, 4793 North Congress Avenue, Boynton Beach, FL

Drew A. Kristol
BOYNTON BEACH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 10,024-square foot retail property anchored by Bank of America in Boynton Beach, Florida.

            “Bank of America has occupied this Congress Avenue location since 1987 and has incredibly strong deposits of more than $124 million. 

"They recently extended their lease by an additional 10 years which shows their commitment to the site,” says Drew A. Kristol, a vice president investments in Marcus & Millichap’s Miami office.

Kristol along with Kirk D. Olson, also a vice president investments in Marcus & Millichap’s Miami office, represented both the seller, a joint venture between a New York based advisor and a Florida based investment firm, and the buyer, a private investor from Sunny Isles, Florida, in the transaction.

“This site was attractive due to the rare combination of corporate guaranteed rent along with major visibility along a high traffic corridor in South Florida,” adds Olson.

Bank of America occupies the entire ground floor of the two-story building. The second floor is 100 percent leased to a strong cross section of local professional tenants. The property has four drive-thru lanes and recent capital improvements including a new roof, newly painted exterior and a sealed and striped parking lot.

The building is an outparcel to Meadows Square, a 107,597-square foot neighborhood shopping center located on the southwest corner of Hypoluxo Road and North Congress Avenue. The recently renovated center benefits from daily commuter traffic to and from I-95 and has attracted several new tenants including Presidente Supermarket.

The Bank of America building is located at 4793 N Congress Avenue in Boynton Beach, Florida.

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

Kirk A. Felici
First Vice President/Regional Manager
Miami, FL

(786) 522-7000

Lifescapes International Completes Resort-Style Landscape Design for 264-Unit Luxury Apartment Community in Santa Ana, CA

Rendering for planned Nineteen01 Apartments, Santa Ana, CA

Julie Brinkerhoff-Jacobs
SANTA ANA, CA - Lifescapes International, an internationally recognized landscape architectural firm, has completed the design for Nineteen01, a four-story, 264-unit, luxury apartment community in Santa Ana, California.

The apartment community was developed by Lyon Living, a Newport Beach-based commercial real estate investment and development firm that specializes in multifamily communities.

“Nineteen01 reimagines and redefines what apartment living means in Orange County,” says Julie Brinkerhoff-Jacobs, President of Lifescapes International. 

"Our vision was to create a resort-style flair that combined intimate and dynamic spaces that would deliver a true live/work/play environment that residents are demanding.”

Lifescapes International designed the main entrance and exterior perimeter of the community, as well as an elevated recreation deck with resort-style pool and spa, private cabanas, central courtyard and outdoor seating areas, and gardens that flow throughout the entire property.

“Today’s younger millennial generation is seeking environments that are more than just a place to live, which is exactly what we were able to deliver with the landscape of this project,” says Brinkerhoff-Jacobs."

Frank T. Suryan Jr.
Lyon Living’s Chairman and CEO Frank Suryan adds, “Nineteen01 is a true lifestyle community that brings an unparalleled degree of luxury to a rapidly growing suburb of Orange County.

" We’ve integrated some of the most competitive amenities that inspire a true SoCal lifestyle. 

"We selected Lifescapes as the landscape architect based on our work with them on The Marke, another luxury multifamily community in Orange County. 

"They have an uncanny ability to elevate the resident experience through their innovative designs and do so on budget with long-term maintenance and durability in mind for the property owner.”

Nineteen01 is located at 1901 E First Street in Santa Ana, California.  The apartment community was designed by Coe Architecture International and Danielian Associates in collaboration with Lifescapes International’s Mike Meyers and Diego Alessi, and was developed by Lyon Living.

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

Katie Kea or Lexi Astfalk 
Brower, Miller & Cole
(949) 955-7940