Friday, February 3, 2017

$2.3 Million Sale of West Colonial Retail Plaza, in Orlando, FL Arranged by Marcus & Millichap

Barry M. Wolfe
ORLANDO, FL, Feb. 3, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of West Colonial Retail Plaza, a 10,900-square foot retail property located in Orlando, FL, according to Ryan Nee, Vice President/ Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $2,300,000.

Barry M. Wolfe, Senior Vice President Investments, and Alan Lipsky, Associate, both in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. 

West Colonial Retail Plaza is located at 7332 West Colonial Drive in Orlando, FL.  West Colonial Retail Plaza consists of 10,900-square feet of retail space on 1.1 acres. It is 100 percent occupied with three national tenants, including Mattress Firm, Wing Stop and Sprint.

“We were able to source a buyer from Mexico that was looking to expand presence in US.  The buyer had limited assets currently in the US so worked closely with Farhan Kabani at Marcus & Millichap Capital Corporation to work thru financing options and source a lender with strong terms that would work with the particular foreign national,” states Barry Wolfe.

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

Contact: Ryan Nee
Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

Capital Square 1031 Acquires Medical Office Building Near Raleigh, North Carolina in All-Cash/No Debt DST

Louis Rogers
RALEIGH, NC – Capital Square 1031 announced the company has acquired a newly-constructed medical office building located in the Raleigh suburb of Louisburg, North Carolina.

The building is 100 percent leased to an affiliate of Fresenius Medical Care, the world’s leading provider of dialysis products and services.

Located at 935 North Main St., the 8,200-square-foot, single-story building was built-to-suit for Fresenius as a dialysis clinic. The company took occupancy of the property in October 2016, and leases it on a double net basis for a base term of 15 years, plus renewal options.

“We are pleased to add this medical office building to our growing portfolio of assets under management, which now includes 17 medical office buildings, and has a total value of approximately $571 million, based on investment cost,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

“These clinics are operated by a strong tenant, whose parent company, Fresenius Medical Care AG & Co. KGaA, reported a net revenue of approximately $16.7 billion for fiscal year 2015.”

The medical office building was acquired on an all-cash, no debt basis as part of a Delaware statutory trust offering, CS1031 Louisburg MOB, DST.

Rogers added, “This is Capital Square’s 36th DST offering and the third all-cash, no debt DST offering, which is a fairly new phenomenon for 1031 exchange investors that prefer a debt-free replacement property.”

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

Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703

Transwestern Development Co. Sells 340,000-SF Mason Creek Business Center in West Houston, TX

Rusty Tamlyn
HOUSTON, TX  – Transwestern Development Co.  announces the sale of Mason Creek Business Center, a four-building industrial property at 21201 – 21501 Park Row Drive in Katy, Texas.

 The Class A property was owned by a partnership between Transwestern Development Co. and AEW Capital Management L.P., acting on behalf of an institutional investor. An undisclosed buyer acquired the 339,900-square-foot property for an undisclosed amount.

“With the current strength of the Houston industrial market and the recent leasing momentum at Mason Creek Business Center, this was an ideal time to execute our disposition strategy,” said Pete Johnston, senior vice president at Transwestern Development Co. “The leasing team has done a tremendous job of marketing the property to attract high-quality tenants and make this asset a compelling opportunity for investors.”

Transwestern’s Darryl Noon and Jude Filippone have been retained by the new ownership to continue providing leasing services. Mason Creek Business Center is currently leased to a variety of tenants including Williams-Sonoma and Memorial Hermann.

Located in the West Houston Industrial submarket, Mason Creek Business Center is on the northeast corner of Interstate 10 and Mason Road, approximately a mile east of the Grand Parkway.

Trent Agnew
The park provides easy access to other major thoroughfares, including Highway 6, Westpark Tollway and Sam Houston Tollway. The buildings feature clear heights ranging from 24 to 28 feet, truck court depths from 130 to 190 feet, and cross dock and rear- and front-load layouts.

The ownership entity was represented by Rusty Tamlyn and Trent Agnew of Holliday Fenoglio Fowler L.P.

“Mason Creek Business Center received significant interest from investors due to the high occupancy of the overall Houston industrial market and the property’s location, quality, age and tenancy,” said Tamlyn.

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 |

HFF arranges $57.265 million financing for office development in Dallas MSA

Hall Park, 3201 Dallas Parkway, Frisco, TX

DALLAS, TX – January 30, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $57.265 million in financing for the development of 3201 Dallas Parkway, a 12-story, Class A+ office project at HALL Park in Frisco, Texas.

HFF worked on behalf of the developer, HALL Group, to place the construction loan with a lending syndicate led by Commerce Bank.

Trey Morsbach
3201 Dallas Parkway will be the 17th building in the 162-acre, award-winning HALL Park.  The highly-amenitized campus totals nearly 2.5 million rentable square feet and is more than 95 percent leased. 

HALL Park is known for its lush landscaping, jogging trails, lakes and world-class collection of more than 200 pieces of modern art displayed throughout common areas and outdoor spaces.

 Park amenities include a 10,000-square-foot, on-site fitness center; state-of-the-art conference center; full-service bank; wine lounge; on-site restaurant options; food truck court; courtesy patrols; full-time concierge; retail center and on-site childcare.  

HALL Group also recently announced the addition of Newk’s Eatery to its new onsite retail destination, Park Plaza.

Due for completion in December 2017, 3201 Dallas Parkway is a planned LEED Silver-certified building that will add an additional 300,000 rentable square feet throughout 12 floors, making it the tallest office building in Frisco. 

HALL Park is currently occupied by more than 190 tenants, including Jamba Juice, Schlumberger, ThyssenKrupp, Fiserv, Hartford Insurance and Synchrony Financial. 

Michael Cosby

Located just north of the Dallas North Tollway/State Highway 121 interchange, the campus is proximate to Dallas/Fort Worth International Airport and multiple retail and employment centers such as Stonebriar Centre, The Shops at Legacy, Legacy Park, Granite Park, the Frisco Convention Center and the new Dallas Cowboys’ headquarters, The Star.

The HFF debt placement team was led by senior managing director Trey Morsbach and associate director Michael Cosby.

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 |

 and visit the company on Facebook.

Bull Realty’s $3.7 Million Office Park Sale in Stone Mountain, GA Reflects Growing Trend in Office Use

Michael Bull
ATLANTA, GA — Bull Realty closed the sale of a $3.7 million office park in Stone Mountain, GA, a suburban Atlanta submarket. The property consists of three fully leased two-story office buildings totaling 64,033 SF on 5.4 acres.

The property addresses are 5300 Memorial Drive, 778 and 798 Rays Road. The transaction closed on January 25, 2017 for $3.7 million.

This building is reflective of a growing trend in office space: small suites on flexible leases.

“Office tenants and landlords are getting more comfortable with flexible, shared and co-working office space, however, lenders don’t seem to feel the same way,”  said Michael Bull, CEO of Bull Realty.

“The property has been leased as small suites for many years with a strong occupancy history with a waiting list. The small suite setup reduces leasing costs and turnover expenses. Management never moves a wall, HVAC or electrical, which makes it almost as simple as leasing apartments.”

“Even though this type of use has become increasingly common, the lenders were uncomfortable with the short-term leases,”  Bull said. “This leads me to believe that lender guidelines have not caught up with the latest office use trends. Ultimately, Citizens Trust Bank financed the sale. I expect that moving forward more lenders will grow accustomed to the reality of office use today,”

There are 71 tenants occupying the office park including attorneys, psychiatrists, and other professionals. 

The seller was Memorial Rays LTD and the buyer was a private equity investor. The plans are to increase rents and continue to operate as office suites.

The property was marketed and sold by Michael Bull, CCIM.

For more information contact Bull Realty at 404-876-1640 or - Bull Realty, Inc. ( is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in ten states providing acquisition, disposition, leasing and advisory services. 

The firm also produces and hosts The Commercial Real Estate Show (
For a complete copy of the company’s news release, please contact:

Melissa Henry
Communications Manager
Bull Realty, Inc. 
404-876-1640 x 110

Stos Partners Acquires Two San Diego, CA Properties

CJ Stos
SAN DIEGO, CA – Stos Partners, a privately held commercial real estate investment and management firm, has acquired two properties in San Diego, including a two-tenant industrial building in Escondido, and a two-tenant retail property in the heart of Downtown Oceanside.

“The San Diego commercial real estate market continues to tighten and there is tremendous investor interest in both of these submarkets,” says CJ Stos, Principal of Stos Partners. 

 “Each of these transactions demonstrates our overarching investment strategy, which is to acquire quality product in irreplaceable locations, then hold those assets for the long term in order to generate strong cash flow and returns over time.”

Stos Partners’ recent acquisitions include:

Acquisition #1:  Stos Acquires Escondido Industrial Building; Brings Asset To 100% Occupancy

            Stos Partners acquired a 20,000 square-foot industrial property located at 2250 Micro in Escondido for $124 per-square-foot from a private group of investors.

            The building was 50-percent leased to an electrical contracting company.  During escrow, Stos Partners was able to secure a long-term lease with a Fortune 500 company, concluding that company’s exhaustive search for the perfect long term location in North San Diego and bringing the property to full occupancy.

Escondido, CA Industrial Building
            “This transaction is a great value opportunity for our firm,” says Stos.  “The asset was recently renovated by the seller, offers freeway visibility, grade level and dock high loading, as well as fenced-in outside storage - industrial amenities that are  rare in this market.  

"We recognized the opportunity to secure a strong tenant from the start and were able to execute on that strategy before the transaction closed.”

            This activity is becoming a trend for Stos Partners. The firm acquired a vacant 91,541 square-foot industrial facility in San Diego’s National City submarket in Q4 of 2016 and secured a full-building lease with a credit tenant during escrow.

            “There is a lack of availability in the 100,000 square-foot size range, making functional, well-located industrial buildings even more attractive,” says Stos.  “We believe this trend will continue in the short term, and that owners and operators of quality real estate will benefit from this activity.”

            Tucker Hohenstein and Mike Erwin, Executive Vice Presidents at Colliers International, represented Stos Partners as the buyer in this transaction and 2250 Micro LLC as the seller.

Acquisition #2:  Stos Snaps Up Rare Retail In Downtown Oceanside

Mission Avenue Retail Property, Oceanside, CA
            Stos Partners acquired a two-tenant retail property on Mission Avenue in Oceanside for $1.37 million from a private owner.

            “Opportunities like this are becoming harder to come by,” says Jason Richards, a Partner at Stos Partners.  “There has been a revitalization underway along Mission Avenue for some time in addition to the greater Oceanside downtown area.  

"The City of Oceanside has completed capital improvements including new landscaping, new sidewalks, and the expansion and renovation of the Oceanside Transit Center.  Additional new projects including a new downtown hotel are also underway”

            Richards explains that this activity is driving demand from new retailers, breweries, restaurants, and shops, including concepts that are new to the downtown Oceanside area.

            “This is our opportunity to own real estate in the epicenter of this activity, and we recognize the potential in owning this asset long term,” he says.

            Stos Partners will invest in significant capital upgrades to the building, with plans to create a contemporary space featuring exposed bow truss ceilings with skylights, exposed beams, concrete floors, and other creative elements.

Peter Curry
            “We have experience in successfully transforming properties in order to maximize their true value. We plan to do the same with this property,” says Richards.

            Stos Partners will market the property as retail and/or office space, and anticipates high demand from potential tenants.

            “This is a perfect location for a restaurant or bar or a creative company looking for modern office space,” says Richards.

The retail property also includes significant parking, which is unique in this downtown area.

Peter Curry, a Managing Director with Cushman & Wakefield, represented both the buyer and seller in this transaction.  The property is located at 610-612 Mission Avenue in Oceanside, California.

            Headquartered in San Diego with an office in Orange County, Stos Partners is a privately held commercial real estate investment and management firm that acquires, owns, operates and develops opportunistic commercial properties with a focus on value-add industrial and office investments. 

            Led by a Principal with a track record of being the most active buyer of commercial real estate between 2009 – 2015 in San Diego, the firm partners with high net worth private capital and institutional investors to identify and invest in assets that are poised for strong future growth. 

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

Lauren Burgos
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940