Tuesday, February 28, 2017

HFF arranges $12.1 million financing for Boulder, CO industrial flex building

Industrial Building, Gunbarrel Business Park, 6265 Gunbarrel Avenue, Boulder, CO

Leon McBroom

SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $12.1 million in acquisition financing for a 152,002-square-foot industrial and office building in Boulder, Colorado.

HFF worked on behalf of Manchester Capital Management to place the three-year, fixed-rate loan with a regional bank.

Situated on 12.33 acres at 6265 Gunbarrel Avenue, the building is within the Gunbarrel Business Park, which is home to notable companies including Lockheed Martin, Celestial Seasonings, Qualcomm, Northrop Grumman and Avery Brewing Company. 

Approximately 33 miles from downtown Denver, the property is in the Northwest submarket, one of Denver’s largest suburban markets, and is 43 miles from Denver International Airport.

 Completed in 1969 and expanded in 2003, the property is 60 percent leased to BI Inc., one of the nation’s leading manufacturers of offender-monitoring products and services.  The two-story building features 74,000 square feet of office space, ceiling heights up to 24’ and eight grade-level overhead doors with loading docks.

John Churchward
HFF’s debt placement team was led by director John Churchward, associate director Leon McBroom and associate Zachary Kersten

“On behalf of one of our client families, we are very excited to acquire this highly attractive asset in one of the most supply-constrained and desirable markets in the country,” said Corbin Rich, an asset manager for Manchester Capital Management. 

“Boulder’s industrial/flex market vacancy is currently less than five percent, and we anticipate robust demand for the vacant space, which underperformed the market during a recent foreclosure process.”

“This lender delivered a strong loan option that provides Manchester Capital Management with tremendous flexibility to execute a thoughtful value-add business plan while also eliminating interest rate risk with a fixed coupon,” Churchward added.  “The transaction not only featured this uniquely-competitive financing solution but also a smooth execution from both sides. We anticipate this is the start of a valuable relationship.”

MCM Real Estate Services was established by Manchester Capital Management in 2002 to act exclusively as a real estate acquisition, development, and management service for ultra-high net worth clients.  The group acquires and manages institutional-grade real estate assets, working to align a client family’s long-term investment objectives and possible desire to own multi-generational legacy assets.  Investments are located in Los Angeles, San Francisco, Seattle, Portland (OR), Denver, Boulder and Charlottesville.   

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

Kristen M. Murphy
Director, Public Relations
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

Core5 Industrial Partners Leases Shugart Farms Full 873,800-SF Building to Duracell Corp.

Lisa Ward

Kris Bjorson
ATLANTA, GA – Atlanta-based Core5 Industrial Partners announced an 873,800 square-foot lease to Duracell Corporation in their Shugart Farms property – Core5 Logistics Center at Shugart Farms.

Duracell is the number one battery brand in the world.  The Core5 facility will provide Duracell distribution services for all of North America. Sonoco, one of the largest global diversified packaging companies, will support Duracell’s new battery packaging operation and DHL will handle the logistics.

The full building lease is among the largest leases of the 2016 in the Atlanta region. Duracell was represented by Kris Bjorson and Bill Kee of JLL and Core5 was represented by Cushman & Wakefield..

“With Duracell battery manufacturing facilities in the Southeast US, the proximity between these locations made the state-of-the-art building at Shugart Farms the ideal location,” said Lisa Ward, Core5’s Senior Vice President and Managing Director.”

 In addition to the location, Core5’s building layout and flexibility played a key role in Duracell’s selection of the facility.” Located in the I-85/Airport Submarket in Fairburn, Georgia just south of Atlanta’s city center and less than 10 miles from Hartsfield Jackson International Airport, the Shugart Farms building is Core5’s initial development in Atlanta. 

“The location is ideal for our business”, stated Duracell’s Jackson Jones Operations Director. “The building meets all of our criteria and the Core5 team was very responsive in working with us on our tight schedule.”

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

Bill Kee
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 and Chicago, Core5 expansion plans include the key logistic hubs throughout the US. For more information on Core5 Industrial Partners, visit www.c5ip.com.

The Duracell Company and its iconic Duracell brand was acquired by Berkshire Hathaway, Inc. (NYSE-BRK) in 2016.

 Since its humble beginnings, Duracell has grown to be the leader in the single-use battery market in North America. In a world where trust is at a premium, Duracell products can be trusted to power all of life’s everyday moments. Our products are trusted in the devices that keep people connected, protect their families, entertain them, and simplify their increasingly mobile lifestyles. Berkshire Hathaway is a $210B holding company owning subsidiaries that engage in diverse business activities. For more information, visit www.duracell.com

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

Lisa Ward
Core5 Industrial Partners

Shopoff Realty Investments Acquires Site in Anaheim Colony Area for Redevelopment

William Shopoff
Anaheim, CA – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced the company and funds managed by Argosy Real Estate Partners, have acquired a 20.5-acre property in Anaheim, Calif. for redevelopment to residential use. 

This is the third land development opportunity that Shopoff has undertaken in the City of Anaheim.

The property is currently improved with a 356,187-square-foot distribution warehouse and office space.  The corporate seller has been retained as a tenant and will lease the property for the next 15 months.

The property is located at 901 E. South Street in the Anaheim Colony area of Anaheim within walking distance of the Anaheim Packing District, the area’s popular, artisan-based multi-eatery dining establishment. 

“This is an excellent opportunity to develop an asset in an emerging area of one of the most sought after submarkets in Southern California,” said Shopoff Realty Investments Chief Executive Officer William Shopoff.  “We are very pleased to once again partner with Argosy Real Estate Partners, a high caliber company with an excellent reputation.”

John Santry
“The sale-leaseback structure of the acquisition provides cash flow during the entitlement phase of the new residential project,” added John Santry, executive vice president of Shopoff Realty Investments Land Division.  “The proposed replacement of this large warehouse facility with a beautifully designed residential development will follow the City of Anaheim’s current Residential Opportunity Overlay Zone for the area.”


This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers.  Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment.  There is no assurance that any strategy will succeed to meet its investment objectives.  Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 2 Park Plaza, Suite 1120, Irvine, CA 92614, (844) 4-SHOPOFF.

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

Julie Leber                                                                         
Spotlight Marketing Communications                   
949.427.5172, ext. 703                    

 or call (844) 4-SHOPOFF.

Capital Square 1031 Completes Three Retail DST Offerings

Louis Rogers
RICHMOND, VA – Capital Square 1031 announced three of its Delaware statutory trust offerings, comprising five grocery-anchored shopping centers in North Carolina and South Carolina, and one fitness center in Columbus, Ohio, have been fully subscribed by investors.

Approximately 65 investors subscribed to CSRA Columbus OH Fitness, DST; CSRA Grocery Portfolio I, DST; and CSRA Grocery Portfolio II, DST.

“We are pleased to fully subscribe these three DST offerings, each comprised of retail real estate anchored by a high quality, credit tenant,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Our firm has closed 31 DST offerings since inception, and we look forward to continuing to provide investment grade, tax-advantaged real estate opportunities to investors.”

CSRA Columbus OH Fitness, DST includes a 53,206-square-foot, two-story fitness facility located at 3474 Sawmill Drive in Powell, a suburb of Columbus, Ohio. The building is 100 percent leased on a long-term basis to LA Fitness, the largest health club operator nationwide.

CSRA Grocery Portfolio I is comprised of three shopping centers anchored by Food Lion, a leading Southeastern and Mid-Atlantic supermarket retailer, in North Carolina and South Carolina.

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

Julie Leber                                                                         
Spotlight Marketing Communications                   
949.427.5172, ext. 703                    

New Castle Hotels & Resorts Promotes Alex Lugo To General Manager Hilton Lexington

Alex Lugo
 SHELTON, CT — Gerry Chase, president and COO of New Castle Hotels & Resorts, a leading third-party management company and hotel developer, today announced the promotion of Alex Lugo to general manager of the 366 room Hilton Lexington Downtown.

        Most recently, Lugo was the general manager for the Westin Jekyll Island where he oversaw the pre-opening phase of the $41 million project. 

In its first six months, the hotel earned three consecutive number two rankings and ended the year in the top 10% for guest experience among 143 Westin Hotels in North America as well as a Trip Advisor Certificate of Excellence.

 For the past 12 years, Lugo has served in positions of increasing responsibility within the Starwood family of hotels, including The Westin Buckhead, Sheraton St. Louis City Center, The Westin Beach Resort and Spa in Ft. Lauderdale, Fla. and The Westin & Sheraton Grand Bahama complex. 

        "Alex’s leadership of the Westin Jekyll Island during both the pre-and post-opening phases, coupled with his success working in convention center markets, demonstrate his readiness for a more complex operation in a top 100 market.”  said Gerry Chase, president and COO in making the announcement.

 "Alex has earned the respect of his associates, hotel investors and market partners as well as the satisfaction of the hotel’s guests, and I have every confidence that he's ready for this next step in his career.

“After 35 years, we recognize that providing career opportunities to top performers is critical to New Castle’s continued success and I’m gratified that we were able to offer this opportunity to a talent like Alex."  

        "The Hilton Lexington enjoys tremendous demand drivers, two popular restaurants and meeting space that is second to none in the market," said Lugo.  

"But, I firmly believe that even a market leader can improve in terms of customer and associate satisfaction as well as investor returns.  

"I look forward to applying my diverse hotel experience in both resort and city center hotels to an urban market and continue driving those operational measures to new heights."  

Lugo holds a Bachelor’s degree in Hospitality Management from Florida International University. 

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

Lauralee Dobbins
Write Touch Public Relations


Monday, February 27, 2017

Continental Partners Secures $19.2 Million in Financing for 256,000-SF Industrial Asset in Ventura County, CA

709 Science Drive, Moorpark, CA

 MOORPARK, CA – Commercial real estate investment banking firm Continental Partners has successfully secured $19.2 million in owner-user financing for a 256,000 square-foot industrial property in the Ventura County market.

The financing for this transaction was arranged by Continental Partners Director Zalmi Klyne.  The property is located at 709 Science Drive in Moorpark, California.

“In this current lending environment, there is plenty of liquidity in the market and banks are hungry for new deals,” says Klyne. “With the potential repeal of Dodd-Frank, which could serve as a catalyst for financial deregulation, lenders will have greater flexibility and more opportunities to originate loans, making now a good time to finance commercial assets.”

Zalmi Klyne

The sponsor, a manufacturing firm that produces electronic devices, had requested a high loan-to-cost, long-term fixed rate product to finance the acquisition of an industrial facility for its new headquarters in Moorpark.

“This transaction was complex, requiring a unique financing solution to secure the most competitive terms for the borrower,” explains Klyne. “The sponsor wanted to own and occupy this industrial building for its operations, but had already withdrawn two SBA 504 loans in its name and maxed out the SBA financing allowance.”

In addition to the SBA restriction, the asset’s occupancy rate presented another initial challenge, according to Klyne.

“The sponsor was relocating from a 50,000 square-foot facility to this 256,000 square-foot warehouse, meaning it would initially only occupy about 20 percent of the building. To qualify for many owner-user financing products, the subject property must be at least 51 percent owner occupied.”

Moorpark, CA
Continental Partners approached a number of lenders that would originate a competitive loan based on the borrower’s requirements and ultimately secured a $13.7 million first trust deed from an international portfolio lender.

 The firm also utilized a small business green program, allowing the sponsor access to an additional $5.5 million in the form of a second trust deed.

“Through this green program, which provides small businesses with additional proceeds upon the integration of sustainable upgrades, we were able to secure another $5.5 million in financing,” continues Klyne, who notes that the sponsor plans to install solar panels at the property to optimize energy efficiency.

“Our ability to secure $19.2 million in total capitalization speaks to the strength of our lender relationships and our expertise in utilizing a creative approach to meet our borrower’s objectives, ensuring an optimal financing solution on behalf of our clients,” confirms Klyne.

The first trust deed is a 25-year fixed rate, 60 percent loan-to-cost fully amortized loan priced at 4.53 percent. The second trust deed is a $5.5 million, 20-year fully amortized loan which floats until the green energy upgrades are completed.

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

Lauren Burgos / Katie Kea
Brower, Miller & Cole
(949) 955-7940

Regency Centers Stockholders Approve Proposed Merger With Equity One

Michael Mas
JACKSONVILLE, FL -- (BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG) (“Regency”) today announced that its stockholders approved its merger with Equity One, Inc. (“Equity One”) (NYSE: EQY) at a special meeting of stockholders held earlier today. Stockholders approved all proposals put forward at the special meeting.

As previously announced, on November 14, 2016, Regency and Equity One entered into a definitive merger agreement (the “Merger Agreement”), pursuant to which Equity One would merge with and into Regency, with Regency continuing as the surviving public company of the merger.

Under the terms of the Merger Agreement, each share of Equity One common stock will be converted into 0.45 of a newly issued share of Regency common stock. On a pro forma basis, following the closing of the transaction, Regency stockholders are expected to own approximately 62 percent of the combined company’s common stock, and former Equity One stockholders are expected to own approximately 38 percent.

Subject to the satisfaction or waiver of certain other customary closing conditions, Regency expects the merger to close on March 1, 2017.

J.P. Morgan Securities LLC is acting as financial advisor, and Wachtell, Lipton, Rosen & Katz is acting as legal advisor, to Regency in connection with the merger.

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

Regency Investor Contacts
Michael Mas, 904-598-7470

Patrick Johnson, 904-598-7422

Hanley Investment Group Arranges Sale of Rare Five-Acre Fee-Simple Ground Lease on South Lake Avenue in Pasadena, CA

Carlos Lopez
PASADENA, CA -- Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the firm completed the sale of a rare fee-simple ground lease underlying The Shops on Lake Avenue retail and parking on South Lake Avenue in Pasadena, Calif.

The property is shadow-anchored by Macy’s. The terms of the sale could not be disclosed.

Hanley Investment Group Executive Vice President Carlos Lopez, along with Senior Associate Lee Csenar, represented the seller, Macy’s Inc.  The buyer, a private investor in San Diego, Calif., represented themselves. 

The fee-simple ground lease lies under The Shops on Lake Avenue, which is anchored by Macy’s (not included in the transaction), includes T.J.Maxx, Trader Joe’s, Jos. A Bank, Orvis, Sola Salon, Paul Martin’s, Breakthru Fitness, Corner Bakery, Gymboree, AT&T, Nekter Juice Bar, Pieology Pizzeria, Tokyo Shabu Shabu, Coffee Bean & Tea Leaf, Yogurtland, and Massage Envy. Tenants on South Lake Avenue, such as Williams-Sonoma, Talbots, Pacific Sales, Corner Bakery and Ross Dress for Less, rank among the highest sales volumes for their respective chains.

Lee Csenar
 “This offering represented a once in a lifetime opportunity for an investor to purchase over five acres of land along South Lake Avenue in the heart of Pasadena’s premier shopping district,” said Lopez.

 “A long-term, triple-net ground lease is one of the most secure forms of real estate investment, and the investment community responded accordingly.”

According to Lopez, “Using Hanley Investment Group’s proprietary database, we targeted the private investor community and were able to procure 20 qualified offers and close within 30 days, achieving the seller’s goal of closing by its fiscal year-end.”

The property consists of two parcels totaling 5.32 acres with a total of 131,153 square feet of building at 345 & 401 South Lake Avenue.

 Over 61 years remained on the lease term (which includes two 10-year options and increases every five years); 100 percent of the improvements reverts to the landowner upon expiration of the ground lease. 

Lopez notes that Macy’s has no plans to close the store or sell the Macy’s department store.

The Shops on Lake Avenue, Pasadena, CA
The South Lake Avenue corridor consists of 12 blocks of shopping and dining that include over 600 businesses in addition to two million square feet of Class A office. 

The Shops on Lake Avenue is the main retail project within the district and draws from the region, including nearby cities of Arcadia, Eagle Rock, La Cañada Flintridge and San Marino.

 The average household income is $102,500 with 37 percent of households averaging $100,000 or more within a three-mile radius. 

Hanley Investment Group Real Estate Advisors is a retail investment advisory firm with a $5 billion transaction track record nationwide, who works closely with individual investors, lending institutions, developers, and institutional property owners in every facet of the transaction to ensure that the highest value is achieved. For more information, visit www.hanleyinvestment.com.

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

Anne Monaghan

Sunday, February 26, 2017

Hanley Investment Group Arranges Sale of 156,000 SF Mixed-Use Retail Center for $62 Million in Arcadia, CA

Ed Hanley
CORONA DEL MAR, CA – Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in investment property sales, announced the firm arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, mixed-use commercial center comprised of retail, medical and office buildings in Arcadia, Calif.

The sale price was $62,081,611, representing a cap rate of 5.45 percent.

Hanley Investment Group President Ed Hanley, Executive Vice President Pat Kent, along with Senior Associate Corey Olson, represented the sellers, Arcadia Gateway Centre Delaware Partners, LLC and Post Exchange, LLC.

The buyer, JLJ (USA) Investment, LLC of City of Industry, Calif., was represented by Henry Hong, senior vice president with Lee & Associates in the City of Industry, Calif.

Built in 1988 on 7.90 acres, Arcadia Gateway Center is located at 300-450 East Huntington Drive, at the southwest corner of Huntington Drive and 5th Avenue in the city of Arcadia in Los Angeles County.

The five-building complex is situated just off the Huntington Drive exit of the 210 Freeway at the entrance to Arcadia and benefits from approximately 900+ feet of frontage along Huntington Drive, which is the main east-west commercial thoroughfare in the immediate trade area.

Pat Kent
“This is a prime, irreplaceable southern California location with strong historical tenants and 98 percent occupancy, situated near the heavily-trafficked 210 Freeway exit with 265,000+ cars per day,” said Hanley.

“Our team developed a best and final pricing strategy and, using our proprietary investor and broker database, we were able to generate seven qualified offers from primarily private investors very near the marketing price.”

According to Kent, the retail component, which is 91 percent leased, features a 43,578-square-foot single-story multi-tenant building and two freestanding restaurant pad buildings leased to BJ’s Restaurant and Brewhouse and Olive Garden.

The multi-tenant retail center includes Men’s Wearhouse, Leslie’s Pool Supplies, Scottrade, Starbucks and Togo’s. The property also features a 48,455-square-foot two-story medical office building which is 100 percent leased to HealthCarePartners with a corporate signature guaranteed by DaVita and nine plus years remaining on the lease term; and a 64,013-square-foot four-story multi-tenant office building, which is also 100 percent leased.

The office building’s second, third and fourth floors are fully leased to HealthCare Partners, Oracle America and Regus, respectively, and the ground floor is leased to a synergistic mix of medical and service-oriented tenants.
Arcadia Gateway Center, Arcadia, CA
“The property offered the buyer instant diversification with the total net-operating income allocated as approximately 32 percent from retail, 28 percent from medical and 34 percent from office,” said Kent.

According to Kent, with the exception of Regus and Oracle America, who signed 10-year lease agreements in 2016 and 2013 respectively, 90 percent of the current tenants have occupied space at the property for more than five years and 73 percent of the current tenants have occupied space at the property for more than 10 years. Approximately 75 percent of the existing tenancy is not scheduled to mature until 2019 or later.  

Arcadia Gateway Center is situated in a densely-populated and affluent area. There are more than 150,000 people within a three-mile radius of the property earning an average household income in excess of $95,000.

“The property also benefits from being well-located in this established office corridor with excellent daytime population,” said Kent. “There are currently one million square feet of existing office space (and 99% occupancy) within a two-block radius of Arcadia Gateway Center, which substantiates a high daytime population and demonstrates strong office and retail demand in the immediate area.”

Arcadia Gateway Center is also located immediately adjacent to the Metro Gold Line, which supplies light-rail service connections from Downtown Los Angeles, up north to Pasadena, and as far east as Montclair. The closest light-rail transit station is located within walking distance just two blocks northwest of the property.

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

Anne Monaghan

HFF arranges $38.76 million financing for One and Two Premier Plaza in Atlanta, GA

One Premier Plaza, Atlanta, 5605 Glenridge Drive NE,
 Central Perimeter, Atlanta, GA

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $38.76 million in financing for One and Two Premier Plaza, a two-building, Class A office complex totaling 316,734 square feet in Atlanta, Georgia.

HFF worked on behalf of the borrower, Zeller Realty Group, to secure the floating-rate loan through New York Life Insurance Company with an initial term of three years plus two 12-month extension options.  Loan proceeds were used to acquire the property and provide funds for future leasing and capital improvement costs.
One and Two Premier Plaza is situated on a 7.54-acre site at 5605 and 5607 Glenridge Drive NE in Atlanta’s Central Perimeter.  This places the property within a half of a mile from the intersection of State Highway 400 and Interstate 285, providing connectivity to all of Metro Atlanta.

Ed Coco
 The 11-story One Premier Plaza and the seven-story Two Premier Plaza are 81.4 percent leased to a variety of national, regional and local tenants, including McGriff, Siebels & Williams, Mozley, Finlayson & Loggins, FirstPRO, JMG Realty, Peachtree Hotel Group and The Gap.

  Recently renovated, the office complex offers covered building access, structured parking, an exterior patio with barbeque grills, café, conference facility and fitness center. 

The HFF debt placement team representing the borrower was led by senior managing director Ed Coco and senior real estate analyst Matt Casey.

“Zeller Realty Group is a best-in-class owner/operator in several office markets across the country, and with their acquisition of Premier Plaza, Zeller has now entered the Atlanta market with a well-located asset offering the combination of a diverse tenant base with income growth potential,” said Coco. 

“The financing offered by New York Life provided a structure that best aligned with Zeller’s strategy for this asset that has been well-executed with similar properties in other markets across the county, and we look forward to seeing the same success and growth in Atlanta going-forward.”

“We are extremely pleased to enter the Atlanta market with our acquisition of One & Two Premier Plaza,” said Paul M. Zeller, Chairman and CEO of Zeller Realty Group.  “Having studied it closely for several years, we know first-hand that Atlanta is a leading growth market with a diversified economy.  We look forward to additional investments in Atlanta, as Zeller Realty Group continues its growth nationwide.”

Two Premier Plaza, Atlanta, GA
 Zeller Realty Group (ZRG) is a vertically integrated commercial real estate investment and development firm that has offered investors exceptional expertise, innovation, and insight to value for over 28 years. 

ZRG strategically selects properties for value creation, repositioning and reintroduction to their markets, while maximizing efficiency by providing a full spectrum of real estate services, including development, leasing, management, and construction.  Headquartered in Chicago, Illinois, ZRG owns and operates assets in the Midwest, Colorado, Oregon, and Georgia and continues to grow and expand its holdings nationally. 

Since its formation, the company has delivered strong returns for its partners and co-investors by providing best-in-class service to enhance value.   Currently, ZRG owns and operates a portfolio of nearly 9 million square feet valued at $2.3 billion. 

For more information, please visit: www.zellerrealty.com.

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

HFF closes $227 million sale of and arranges $175 million in financing for Tysons Metro Center in Tysons, VA

Sue Carras
WASHINGTON, D.C. –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $227 million sale of and arranged $175 million in financing for Tysons Metro Center, a four-building, Class A office portfolio totaling 763,965 square feet in Tysons, Virginia.

Tysons Metro Center, Tysons, VA

HFF marketed the property on behalf of the seller, an affiliate of Beacon Capital Partners, and procured the buyer, Meridian Group.  Additionally, HFF worked on behalf of the new owner to secure the floating-rate acquisition loan through Starwood Property Trust, Inc. 

Jim Meisel
Tysons Metro Center is located at 8251-8285 Greensboro Drive, within walking distance of the Greensboro Metrorail Station, providing access to the entire Washington, D.C. metropolitan area.

 Nearby amenities include Tysons Galleria and Tysons Corner Center as well as the future mixed-use Boro development, featuring a flagship Whole Foods.  

The 91-percent-leased portfolio is anchored by Booz Allen Hamilton and Alarm.com.  The 10.03-acre site offers parking for more than 2,300 vehicles. 

The HFF investment sales team representing the seller was led by Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt Nicholson.

 HFF’s debt placement team representing the borrower was led by Sue Carras, Cary Abod, Dan McIntyre and Rob Carey.

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

HFF closes sale of and arranges financing for Dallas-area apartment community

Josh Simon
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for The Villages of Addison, a 264-unit, garden-style community in Dallas, Texas.

HFF marketed the property on behalf of the seller, The Connor Group.  Advenir, Inc. purchased the offering for an undisclosed amount.  This asset is Advenir’s first acquisition funded by a $100 million revolving credit facility that HFF recently secured on its behalf.

The Villages of Addison is located at 17671 Addison Road just west of the Dallas North Tollway and less than two miles south of the President George Bush Turnpike interchange in Far North Dallas.

 Other nearby amenities include the Galleria Dallas, Addison Circle, Bent Tree Country Club and the University of Texas at Dallas campus.  The property is approximately 95 percent leased and offers a variety of one- and two-bedroom units ranging from 698 to 1,168 square feet. 

The community features a resort-style swimming pool, spa, fitness center, sauna, outdoor grilling/picnic areas, clubhouse, game room, lounge and business center.  Advenir will rebrand The Villages of Addison as Advenir@Addison.

The HFF investment sales team representing the seller was led by senior managing directors Roberto Casas and Bill Miller and directors Greg Toro and Rob Key.

The HFF debt placement team representing Advenir was led by managing director Josh Simon and senior managing directors Eric Tupler and Andy Scott.

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

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | hfflp.com

HFF closes $16 million sale of two skilled nursing facilities in Georgia

Golden Living Center of Thomaston, GA

Golden Living Center of Jessup, GA
 DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $16 million sale of Golden Living Center of Jesup and Golden Living Center of Thomaston, two skilled nursing facilities totaling 209 beds in Jesup and Thomaston, Georgia.

HFF marketed the properties on behalf of a private seller.  

Golden Living Center of Jesup is located at 1090 West Orange Street in Jesup, which is the approximate midpoint between Savannah, Georgia, and Jacksonville, Florida.  

The center offers clinical services, including neuro, pulmonary, cardiac, bariatric, hemodialysis and trach.  The property was 89 percent occupied at the time of the sale.

 Golden Living Center of Thomaston is situated at 310 Avenue F in Thomaston, approximately 45 miles west of Macon and 65 miles south of Atlanta.  The facility offers hospice, pain management, respite, bariatric and wound care.  The property was 86 percent occupied at the time of the sale.

The HFF seniors housing team representing the seller was led by director Dave Fasano.

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

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | hfflp.com

Saturday, February 25, 2017

Meta Housing Corp. Breaks Ground on Two Affordable Apartment communities in Los Angeles, CA Totaling $54 Million

 [From Left to Right] Mee Semcken, Consultant;  Aaron Mandel, SVP of Meta Housing; Graham Espley-Jones, President of Western Community Housing; Eric Garcetti, Mayor of Los Angeles; Kasey Burke, President of Meta Housing; Roy Faerber, Boston Financial Investment Management; Eugene Lee, Chief of State of California Department of Housing and Community Development; at the recent groundbreaking event for the El Segundo Apartments and 127th Street Apartments.

LOS ANGELES, CA – Meta Housing Corporation has broken ground on two affordable apartment communities in Los Angeles, including 127th Street Apartments, an 85-unit apartment community for homeless or chronically homeless individuals, and El Segundo Boulevard Apartments, a 75-unit apartment community for veterans and their families.

“Homelessness in Los Angeles has drastically increased over the last several years,” says Kasey Burke, President of Meta Housing Corporation. “An estimated 254,000 men, women and children experience homelessness in this city during some part of the year, and ten percent of LA’s homeless population is comprised of U.S. veterans.  This is a challenge that must be addressed, and new affordable housing is the right place to start.”

Burke explains that the rising cost of living in Los Angeles and the lack of affordable housing options continues to be a challenge for many local families.

“These new developments will fill a deep void in the community by helping individuals and families end a life on the streets and instead enjoy a safe, quality place to live,” says Burke. “By replacing a blighted vacant lot with high-quality housing that integrates strong supportive services, we are enriching the lives of residents, as well as the local community.”

Financing for the projects was provided by Chase, Boston Financial Investment Management, the California Community Reinvestment Corporation (CCRC), Housing and Community Development (HCD), Department of Mental Health/California Housing Finance Agency (DMH and CalHFA), Los Angeles Housing & Community Investment Department (HCIDLA), Housing Authority of the City of Los Angeles (HACLA), and the Department of Health Services (DHS).

[From Left to Right] Aaron Mandel, SVP of Meta Housing; Kasey Burke, President of Meta Housing; Terry Boykins, Deputy Director of Department of Mental Health; Mark Ridley-Thomas, Supervisor, County of Los Angeles; Joe Buscaino, Councilman of 15th District of the City of Los Angeles; Mee Semcken, Consultant; and Graham Espley-Jones, President of Western Community Housing, at the recent groundbreaking event for the El Segundo Apartments and 127th Street Apartments.

The two apartment communities are being developed side by side between El Segundo Boulevard and 127th Street. 

In addition, both communities will feature the latest in green building and sustainable features, according to Aaron Mandel, a Senior Vice President with Meta Housing.

“Sustainability is a primary focus for Meta,” Mandel says.  “We continue to identify innovative ways to deliver cost savings while reducing the environmental footprint of our properties.”

Mandel explains that El Segundo Boulevard Apartments will feature storm water filtration planters that clean, treat and recycle all water than lands on the site and building.  The community will also boast a cool roof with a high solar reflectance value.

Kasey Burke
In addition to sustainable features, each of these apartment communities will feature a variety of amenities and community spaces that encourage social interaction and engagement.

“It’s important that our residents don’t just live in our properties, but also thrive there,” says Mandel.  “For this reason, we design communities with thoughtful spaces that encourage collaboration, and we offer supportive services that enhance the quality of life of our residents, and the surrounding neighborhood.”

The El Segundo and 127th apartment communities will feature large community spaces including clubhouses, classrooms, and technology centers for educational training. 127th Street Apartments will also feature a large teaching kitchen for cooking classes and communal dining. El Segundo Boulevard Apartments will feature bicycle storage rooms and an outdoor courtyard.

The apartment communities will be located at 550 West 127th Street and 535-611 West El Segundo Boulevard in Los Angeles, California.
For a complete copy of the company’s news release, please contact:

Elisabeth Manville/Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940

HFF closes sale of H.E.B.-anchored retail center in Houston, TX

Renaissance Center, Houston, TX        (Photo by Mabry Campbell)                            

Ryan West
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Renaissance Center, a 97,279-square-foot, value-add, grocery-anchored retail center near the Texas Medical Center in Houston, Texas. 

HFF marketed the property on behalf of the seller, Lionstone Investments.  Williamsburg Enterprises Limited purchased the asset for an undisclosed price free and clear of existing debt. 

Renaissance Center is anchored by H.E.B, one of the largest independent food retailers in the U.S. and the premier grocer in Texas. 

Completed in 1996, the center is also home to eight tenants, including Taco Bell, BB&T Bank, Texas Department of Human Services, Watermill Express and U.S. Renal Care.  Situated on 9.603 acres at 6102 Scott Street, Renaissance Center is located at the southwest corner of Old Spanish Trail and Scott Street. 

The retail center is inside of Houston’s Interstate 610 inner loop less than two miles from the Texas Medical Center and downtown Houston, two of the major employment bases in the city.  The property’s dense, infill location has more than 135,000 residents living within a three-mile radius.

Rusty Tamlyn
HFF’s investment sales team was led by senior managing directors Ryan West and Rusty Tamlyn.

“The center is in a very urban, infill location with tremendous value-add opportunity, which the buyer is immediately implementing,” West said.  “This opportunity reflects the re-gentrification occurring in several different pockets inside the Interstate 610 Loop.”

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com