Tuesday, October 18, 2016

HFF expands its Atlanta investment sales team with hiring of John Barton as managing director


John Barton
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired John Barton as a managing director in its Atlanta office to focus on office investment sales transactions in Atlanta and the Southeastern United States. 

Mr. Barton will join managing director Ralph Smalley and associate director Kelly Kuykendall to continue the growth of HFF’s office investment sales practice in Atlanta.

Mr. Barton has more than 20 years of commercial real estate experience and most recently served as a senior vice president and managing director at Parkway Properties, Inc. 

During his 16-year career at Parkway Properties, he facilitated more than $1.5 billion of office acquisitions and dispositions, and was involved in joint ventures, leasing and operations for the firm as well.

  Prior to joining Parkway, Mr. Barton served as an asset manager for approximately two million square feet of office buildings, underwrote and negotiated CMBS loans and practiced business law including commercial real estate.  He graduated magna cum laude from Southern Methodist University and received a Juris Doctor degree from Washington and Lee University School of Law. 

Mr. Barton is member of the Buckhead Coalition, on the Board of Directors of the Buckhead Community Improvement District and is an officer of the West Paces Neighborhood Association.

“We are so pleased to welcome John as a member of the HFF team,” said Jason Nettles, senior managing director and co-head of HFF’s Atlanta office.  “He is a well-respected veteran in the commercial real estate world with tremendous success across a variety of platforms in the industry.”

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 | www.hfflp.com


Capital Square 1031 Completes DST Offering of 101-Unit Townhome Community in Tucson, AZ


 
Louis Rogers
 TUCSON, AZ – Capital Square 1031 announced its Delaware statutory trust offering, CSRA Galeria del Rio, DST, comprised of a 101-unit Class A townhome community in Tucson, Ariz., has been fully subscribed by investors.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria del Rio is a high quality townhome community situated in a central location within Arizona’s second largest city,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The property provides residents with easy access to many social and recreational opportunities, employment centers, including a variety of employers in the national defense industry, and Northwest Medical Center. 

“We are pleased to complete this offering, the 24th DST Capital Square 1031 has closed since its founding in late 2012.”

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

Julie Leber
 Spotlight Marketing Communications
 949.427.5172, ext. 703


Avison Young completes four new leases for 24 Hour Fitness in Southern California


24-Hour Fitness, Orange County, CA


 
Keith Kropfl
Orange County, CA — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated four new leases with 15-year terms on behalf of 24 Hour Fitness.

The four leases total 157,500 square feet (sf), with three locations in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, and one in the City of Riverside within Riverside County.

Avison Young Principal Keith Kropfl and Associate Michael Ganz, based in the company’s Orange County office, represented 24 Hour Fitness in all four transactions.

“Avison Young worked closely with 24 Hour Fitness to identify strategic locations and negotiate long-term leases with favorable terms,” comments Kropfl.

 “The majority of these new locations for the tenant are within spaces that were vacated as previous tenants went dark. I believe this is testimony not only to the growth and success of 24 Hour Fitness, but also to the resiliency of the Southern California retail market.” 

Following is information on each lease:

 Santa Ana: The lease totals 40,000 sf and is located at 1350 W. Edinger within Plaza Edinger. The new 24 Hour Fitness location will open in the first quarter of 2017 and will be the anchor tenant at the property, which includes Smart & Final and Factory-4-U. The space was formerly an O’Reilly Auto Parts Super Store. Kropfl and Ganz also represented the landlord, Plaza Edinger, LLC.

Michael Ganz
Huntington Beach: The leased space totals 33,500 sf and is located at 9051 Atlanta Avenue within Huntington South Center. The 24 Hour Fitness gym will open in the first quarter of 2017 and will occupy a space that was previously an Albertsons. Other tenants within the center include H&R Block, Juice It Up!, Subway, and Starbucks. The landlord, Huntington South Center, LLC was represented by CBRE.

Fullerton: The 46,000-sf leased space is located at 130 E. Imperial Highway in Fullerton. The new 24 Hour Fitness will open in the second quarter of 2017 and will be within a space formerly occupied by Office Depot. Other tenants at the center include Best Buy and Floor and D├ęcor. The landlord, Fiesta Distribution, LLC, was represented by CBRE.

Riverside: The leased space totals 38,000 sf and is located off the 91 Freeway at 3490 Madison Street within Madison Plaza. 

The center is currently under construction and 24 Hour Fitness is anticipated to open its doors once development is completed at year-end 2017. The ownership group, HFC/PRP Madison, LLC, represented itself.

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

Darcie Giacchetto
949.278.6224





New Castle Hotels & Resort and Southwest Properties Break Ground on first Marriotts in Dartmouth, Nova Scotia, Canada





At the sod turning for the Residence Inn/Courtyard by Marriott in the Dartmouth Crossing lifestyle center in Dartmouth, Nova Scotia.  L-R Gerry Chase, president and COO New Castle Hotels & Resorts, Fred George, president and CEO JLK Global Investments (also an honorary general in the Canadian Armed Forces) Jim Spatz, chairman and CEO Southwest Properties Ltd, David Buffam, CEO New Castle Hotels & Resorts, Manlio Mariscotti, vice president development Marriott Canada, Mike Savage, Mayor Halifax.
.
  
SHELTON, Conn. )— Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, along with Southwest Properties of Halifax, Nova Scotia and JLK Global Fund International broke ground on a 178-key Courtyard by Marriott/Residence Inn hotel in Dartmouth, Nova Scotia.  The dual-branded hotel will be the first Marriotts in the city.


Gerry Chase
The project is estimated for completion in Q3 2018 and will include a 106-room Courtyard by Marriott and 84-suite Residence Inn in the Dartmouth Crossing lifestyle center and in close proximity to the Burnside Business Park, the largest eastern seaboard business park north of Boston or east of Montreal.  The park is home to 2000 enterprises and more than 30,000 employees.

“The dual-brand configuration has been tremendously successful for us in other urban areas like downtown Syracuse, NY where land acquisition is costly,” said Gerry Chase, president and COO of New Castle.  “I feel very confident that this project, with known and trusted development partners, and a proven product mix, will be completed in a timely fashion and ramp up quickly to serve the unmet needs of the Dartmouth business community.”

“Dartmouth Crossing is rapidly expanding with iconic brands and is attracting business travellers working in the greater Halifax region,” noted Jim Spatz, chairman & CEO for Southwest Properties.


Jim Spatz

“The hotel is well placed in an area that is becoming a primary shopping destination for Maritime Canada and an athletic hub for Halifax with the new four-pad ice arena and the existing Harbour East soccer and football fields.   We believe in Dartmouth Crossing because of our great success with the hotel we built and opened with New Castle Hotels in 2009.”

New Castle and Southwest have partnered previously on the Residence Inn Moncton, New Brunswick, the Hampton Inn and Suites by Hilton Halifax-Dartmouth in Nova Scotia and The Algonquin Resort in St. Andrews, New Brunswick. 

“Today’s travelers have varying and specific needs, and over 35 years, we’ve found that the combination of an upscale select service hotel, coupled with an extended stay product is an ideal way to satisfy most guests,” said Chase. “The nearest Marriott hotels are across the bridge in Halifax, so I’m sure that these two hotels will be very well received, particularly by the points-conscious business traveler.” 

 Global Fund International is a private investment company with Fred George, President and CEO

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

Lauralee Dobbins
Write Touch Public Relations
609-451-5102




OliverMcMillan Hires Real Estate Industry Leader Michael O’Hanlon as Chief Operating Officer and Promotes Two Executives


Michael O'Hanlon

SAN DIEGO, CA (Oct. 18, 2016) –  OliverMcMillan, one of the largest, most progressive leaders in the field of mixed-use real estate development in the U.S., announced today the hire of senior real estate manager and industry veteran Michael O’Hanlon as the firm’s new Chief Operating Officer.

The firm also promoted two key executives, Jeff Zeigler and Eric Buchanan.

Zeigler, a member of OliverMcMillan’s Executive Committee, was promoted to Senior Managing Director of Asset Management & Leasing. Buchanan was promoted to join the Executive Committee and lead the firm’s development activities as Senior Managing Director of Development.


Jeff Zeigler
“We recognize that our people are our greatest assets and today’s executive appointments demonstrate our ongoing commitment to remain ’best in class‘ and position OliverMcMillan for continued success,” said OliverMcMillan’s Chief Executive Officer, Dene Oliver.

The privately-held firm has designed, developed and managed over eight million square feet of award-winning, mixed-use projects, with a total project value exceeding $3 billion and is currently developing new projects with a value of approximately $3 billion. 

Through both private and public partnerships, OliverMcMillan’s expanding real estate portfolio includes retail, entertainment, creative office, hotel and residential projects throughout the United States.

O’Hanlon will be responsible for implementing the company’s strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company’s growth. O’Hanlon will report directly to Oliver and will provide oversight of all company divisions.

 O’Hanlon has over 35 years of comprehensive experience in real estate management, development, portfolio strategy operations, capital markets transactions and joint ventures. He has directed two major U.S. real estate company’s asset management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion respectively, and most recently served as CEO and President of Behringer Harvard’s opportunity-style real estate investment trusts.

Eric Buchanan
 Prior to Behringer Harvard, he held the position of COO and President of Billingsley Company and was CEO and President of Inland Western Retail REIT. O’Hanlon has been a member of Urban Land Institute’s (ULI) Urban Development/Mixed-Use Council; National Association of Real Estate Investment Trusts (NAREIT); and International Council of Shopping Centers (ICSC).

 He is a graduate of Fordham University and earned a master’s degree from Columbia University Graduate School of Business.

 Zeigler joined OliverMcMillan in 2011 and most recently led the Retail Services group, where he was responsible for retail leasing at OliverMcMillan and oversaw retail lease negotiations, tenant coordination, project merchandising and property marketing for the company’s new and existing properties.

 In his new role as Senior Managing Director of Asset Management & Leasing, Zeigler will oversee both leasing and asset management of the firm’s property portfolio. Some of his current projects include: The Shops and Offices Buckhead Atlanta, six city blocks of world-class retail, restaurants and cafes in Atlanta, Georgia; River Oaks District, 850,000 square feet of luxury retail, dining, offices, hotel and residences in Houston, Texas; and retail requirements for OliverMcMillan’s portfolio of mixed-use development.

Dene Oliver
Buchanan joined OliverMcMillan in 2012 as a Development Director. In his new role as Senior Managing Director of Development, Buchanan will lead all development and construction activities for the firm and will be responsible for seeking and vetting potential mixed-use development acquisitions.

Under Buchanan’s direction, OliverMcMillan has several projects under way including Fifth + Broadway, a major mixed-use development planned for downtown Nashville, Tennessee, which will transform Nashville’s former convention site into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment;

Clayton Lane, a multi-block mixed-use redevelopment in the heart Cherry Creek North in Denver that features Whole Foods and Crate & Barrel; Tustin Legacy, a planned new urban village-style mixed-use project in the heart of Orange County, California, which will uniquely incorporate the historic blimp hangar situated on the 123-acre former Marine Corps air station site;

 Laundry Lofts, a planned 22-story mixed-use residential and commercial development located in the East Village area of Downtown San Diego, California; SALT, a four-story, amenity-rich 265-unit, Class A apartment community in Tempe, Arizona, ideally located near Arizona State University and the Mill Avenue Entertainment District, and next door to the new State Farm campus currently under construction; and Symphony Honolulu, which features 388 luxury residential condominiums in an amenity-rich environment as well as JN Exotics, Hawaii's premier luxury auto dealer.

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

Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
830.997.0963


Atlantic | Pacific Companies Acquires Two Texas Properties Through Its Blue Atlantic Partners Fund I


Max Briggs
MIAMI, FL – Florida-based Atlantic | Pacific Companies (A|P Companies), is pleased to announce the acquisition of two Class-A multifamily communities in Texas through its Blue Atlantic Partners Fund I.

The recently closed transactions increase A|P’s holdings in Texas to almost 3,000 units and expands A|P’s regional reach to 8 market-rate multifamily communities. Atlantic | Pacific Management (A|P Management), the property leasing & management platform under A|P, will handle all property management responsibilities for both properties.

The two new acquisitions include:

Franciscan of Arlington is located in central Arlington, Texas near the AT&T Stadium and Globe Life Park. 

The property enjoys a total of 418 units with a mix of one, two and three-bedroom units.  Unit interiors feature stainless steel appliances, over-sized walk-in closets, and garden tubs as well as direct access garages in select units. The community features two waterscape pools and Jacuzzi, resident coffee bar and a state-of-the-art fitness center.


Village of Hawks Creek, Westworth Village,
near Fort Worth, TX


Village of Hawks Creek is located in Westworth Village near Fort Worth, Texas. The community is rich in the antiquated architecture and craftsmanship of Texas.

 The property consists of 312 units in twelve desirable floor plans, with a range of one, two, and three bedrooms. The units feature gourmet kitchens with stainless steel appliances and walk-in closets.

Mark Briggs, Senior Managing Director at A|P Management remarked, “We are excited to continue our expansion in Texas and bring our amazing management team to these communities. These exceptionally located assets are a perfect complement to our existing Texas portfolio.

For more information about A|P Companies and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com/management or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).

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

Jessica Wade Pfeffer | JWIPR
jessica@jwipr.com | 305.804.8424
Margie Sernik | JWIPR

www.apcompanies.com/management.margie@jwipr.com | 786.200.2516