Tuesday, April 4, 2017

HFF hires Christopher Masi as an associate director for its New York investment sales team

Andrew Scandalios
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced Christopher Masi has joined the firm as an associate director focused on retail investment sale transactions in the New York metropolitan area.

Mr. Masi joins HFF from RKF where he was an investment sales associate since 2014.  In this role, he was involved in procuring and executing more than $100 million of commercial real estate transactions in New York City.  Prior to RKF, he was an associate director of leasing for Trevi Retail. 

Mr. Masi graduated from Rutgers University and is a member of the Young Men’s/Women’s Real Estate Association and the International Council of Shopping Centers.  He is also a licensed real estate salesperson in New York and New Jersey. 

 “As a firm, we are always looking for rising young talent in the industry and Chris is one of these exceptional young men to watch,” said Andrew Scandalios, senior managing director and co-head of HFF’s New York office. 

“Since graduating from Rutgers, he’s established himself in the often crowded commercial real estate space and has closed a significant amount of business in his four-year career thus far.”

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

HFF Director, Public Relations
(617) 338-0990

HFF acquires Hentschel & Co. in New York City

Steve Hentschel
NEW YORK, NY –– HFF, Inc. (NYSE: HF) (HFF) announced  the acquisition of Hentschel & Company, LLC, a New York-based boutique investment banking advisory firm, whose primary focus is to advise public and private REITs, non-traded REITs, real estate investment funds and other private owners of real estate and real estate debt on M&A, initial public offerings, capital raises and other strategic alternatives. 

 HFF has appointed Steve Hentschel, who founded Hentschel & Company in May 2013, as the leader of HFF’s M&A and corporate advisory services provided by HFF’s registered broker-dealer subsidiary, HFF Securities L.P. (HFFS).   The acquisition of Hentschel & Company establishes the second U.S. location for HFFS.

Mark Gibson

Mr. Hentschel has 27 years of experience in the industry and throughout his career has completed more than $78 billion of transactions. 

 Prior to starting Hentschel & Company, he founded the real estate investment banking group at Gleacher & Company in 2009 and built it into a practice that was the No. 1 ranked REIT M&A advisor by transaction value in Bloomberg’s U.S. league tables for 2012. 

Prior to that, Mr. Hentschel was a Managing Director and spent ten years in the Global Real Estate Group at Lehman Brothers and was subsequently the Head of the New York Real Estate Investment Banking office of Wachovia Securities. Mr. Hentschel holds an engineering degree from Princeton University.

“The acquisition of Hentschel & Company will allow HFF to expand its M&A and corporate advisory services which have been increasingly requested by our clients, said Mark Gibson, CEO and executive managing director of HFF. 

 “The Hentschel and Company team is comprised of best in class professionals with significant experience in all facets of the investment banking business which will allow HFF to continue to provide exceptional service and advice to our clients across both the public and private domains of the commercial real estate industry.

“We are extremely excited to have the Hentschel and Company professionals join the HFF Team.”

Ted Flagg
“We have been approached over the years by many firms about a strategic combination but we were only interested in becoming partners with a team that shared our values and brought compelling strategic value to our clients,” added Mr. Hentschel. 

“We are truly excited to be joining HFF and see significant growth opportunities for our business.” Ted Flagg, a Hentschel & Company Senior Managing Director, added “The combined platform elevates our strategic advisory capabilities by adding real time property level perspective and dramatically enhancing our ability to raise capital.”

Hentschel & Company’s senior banking team includes Ted Flagg, Christopher Shea, Chris Allen, and Sher Hafeez.

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

Myra F. Moren
HFF Managing Director, Investor Relations
(713) 852-3500

HFF Director, Public Relations
(617) 338-0990

Cushman & Wakefield Brings Riverwalk Pointe at Mangrove Bay to Market in Jupiter, FL

Robert Given
JUPITER, FL — Cushman & Wakefield announced today that is has been named exclusive advisor in the disposition of Riverwalk Pointe at Mangrove Bay, the only Class A, 55+ rental community in Jupiter. 
Cushman & Wakefield’s South Florida Institutional Multifamily Team of Executive Managing Director Calum Weaver, Vice Chairman Robert Given, Senior Managing Director Troy Ballard and Senior Financial Analyst Perry Synanidis has been chosen to market the high-quality boutique asset for Palm Beach Gardens, FL-based developer Eastwind Development. The property will go to market unpriced.
Built in 2014 on a 4.67-acre site at 1026 South U.S. Highway 1, Riverwalk Pointe at Mangrove Bay is a Class A rental community with high-end finishes and amenities located one-half mile from Jupiter Beach. 
Units feature stainless steel appliances, granite countertops, impact windows, full-size washer and dryer and a patio or balcony. Select units offer intracoastal water views. Riverwalk Pointe at Mangrove Bay offers a mix of one-, two- and three-bedroom units averaging 1,123 square feet. The average monthly rent is $1,973 per unit. The community is currently 95 percent leased and 91 percent occupied. 
The property offers two attractive four-story elevator buildings with an additional level of underground structured parking. Amenities include a central clubhouse with a business center and fitness room, swimming pool and landscaped deck area.

Troy Ballard
Riverwalk Pointe at Mangrove Bay is less than one mile from Jupiter Beach and is bordered on the west by Jupiter’s Riverwalk, a 2.5 mile linear park that extends along the east bank of the Intracoastal Waterway. The property is situated directly on U.S. Highway 1, offering exceptional visibility to more than 20,000 vehicles per day.
“The demographics surrounding Riverwalk Pointe at Mangrove Bay are exceptional,” said Weaver. “The demand for 55+ rental communities is particularly strong in northern Palm Beach County. Palm Beach County is one of only 12 counties in the U.S. with over 250,000 people aged 65 or older.”
“This asset offers the best of both worlds — strong in-place cash flow as a 55+ community and the capacity to sell individual units by converting the property into a condominium,” added Weaver.
 “With its location on the barrier island, relatively small unit count and large floor plans, the property could be an attractive conversion opportunity in the future.”

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

David A. Meyer
Meyer Media 
+ 1 407 489 7488

Phase II of Poinciana CommerCenter East in Kissimmee, FL Nearing Completion; Slated for Early July Occupancy

Howard Schieferdecker
 KISSIMMEE, FL and  ORLANDO, FL–  Phase II in Poinciana CommerCenter East, an industrial development on US Highway 17-92 in Poinciana with  retail, office, showroom and warehouse space for sale or lease by small businesses, is now nearing completion of its last two buildings.  

Buildings 4 and 5 totaling 33,490 square feet of office/warehouse space located in the rear of the development will be “vanilla shell” completed and ready for occupancy by early July, according to Howard Schieferdecker, a principal of Small Bay Partners, LLC, the developer. 

Space currently available in the new phase ranges from 1,350 ± to 10,350± square feet in Building 4, and from 1,890 ± to 17,290 ± square feet in Building 5.   

Michael Heidrich, a principal in both Small Bay Partners and NAI Realvest, who handles leasing and management for the property, said tenants who have already leased space in the new phase include Personal Trainer Johnny Bonilla who leased 2,700 square feet and Santavi Service with 1,350 square feet leased in Building 4 of the new phase.  White Sword Theming, LLC, artisans and craftsmen specializing in themed environments, has leased 3,150 square feet in Building 5.
Poinciana CommerCenter East’s Phase I Buildings 2 and 3 are nearly 100 percent leased and there are three retail units in Building 1 fronting US Hwy 17-92 with 1,690± and 1,890± square feet currently available.

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

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com.

Hold-Thyssen Negotiates New Lease at Aloma Office Park in Oviedo, FL for a Start up Firm

Therese Taylor
WINTER PARK, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm, recently negotiated a new lease agreement for 1,045 rentable square feet at Aloma Office Park, 2461 W. SR 426 in Oviedo. 

Therese Taylor, lease consultant for Hold-Thyssen, Inc., negotiated the transaction representing the tenants, Scott Johnson, John Baker and Jaime Cisneros, for a new technology firm.   

The tenant was referred by Commercial Real Estate Women (CREW).   The landlord at Aloma Office Park is 2461 West SR 426, LLC and was represented by Stephen Ratcliff of Ratcliff Properties, LLC.

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com.