Friday, June 2, 2017

HFF closes sale of Seaside Amelia Inn on Amelia Island, FL

Seaside Amelia Inn, 900 Atlantic Avenue, Fernandina Beach, FL
                                                                                                                           (Photo by Troy Morgan)


Alexandra Lalos
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the Seaside Amelia Inn, a 46-room beachfront hotel in the Amelia Island community of Fernandina Beach, Florida.

HFF marketed the property on behalf of the seller, TRU Hotels & Resorts, LLC.  Innisfree Hotels purchased the asset free and clear of debt and unencumbered of management.

Located at 2900 Atlantic Avenue, Seaside Amelia Inn is located steps away from the Atlantic Ocean and Fernandina Beach, one of Florida’s most pristine coastal destinations and off the coast of Jacksonville.

 The hotel is situated along AIA Beach Boulevard less than two miles from the Fernandina Beach Historic District and proximate to top Amelia Island destinations, including the Amelia Island Historic District, Fernandina Beach Golf Club, Amelia Island Lighthouse and Fort Clinch State Park.

 The Seaside Amelia Inn features a daily southern home-style breakfast, outdoor swimming pool, oceanfront roof top sun deck and meeting space and activity corner.  Completed in 2008, the hotel is adjacent to The Sandbar & Kitchen, a new restaurant opening this spring.

The HFF investment sales team representing the seller was led by associate directors Preston Reid and Alexandra Lalos and senior managing director Michael Weinberg.

“Opportunities to acquire assets in markets like Amelia Island, where the majority of the assets are privately owned by long term investors, are rare,” Reid said.

“Northeast Florida has shown strong performance growth in last 12 months, emerging as a new highly desirable Florida beachfront market,” Lalos added.

Preston Reid

 TRU Hotels & Resorts, LLC is the successor company to The Prairie Group, LLC, which was founded in 1995 to take over the management of a group of hospitality assets for an international investment firm and to pursue global opportunities in the hotel and resort industry.  

Since that time, the company and its founders have been actively involved in the development, acquisition and management of numerous hotels, resorts, restaurants and spas. 

Innisfree Hotels is a hotel company delivering exceptional service, guest satisfaction and return on investment since 1985.  The company embraces its motto of “creating fun, memorable experiences,” while cultivating innovation and excellence in everything it does. 

 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 $135 million financing for Waltham, MA lab/biotech facility

Rendering for planned Class A lab and biotech building, 830 and 828 Winter Street, Waltham, MA

Greg LaBine
BOSTON, MA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $135 million in financing for 830 and 828 Winter Street, an existing 185,000-square-foot, Class A lab/biotech building plus a to-be-built lab/biotech facility in Waltham, Massachusetts, a western suburb of Boston.

HFF worked on behalf of the borrower, King Street Properties, in securing the financing through Blackstone Mortgage Trust.  Loan proceeds will be used to refinance 830 Winter Street and construct 828 Winter Street, a new lab/biotech building on the 830 Winter Street site.

830 Winter Street is situated off Route 95/Route 128 at exit 27 in Waltham about 12 miles west of Boston.  This location places the asset between Route 2 to the north and Interstate 90/the Massachusetts Turnpike to the south and in close proximity to the new 1265 Main Street mixed-use development. 

Completed in 2001 as the flagship headquarters for Praecis Pharmaceuticals, the property remains fully leased today to ImmunoGen, GlaxoSmithKline and Histogenics Corporation.  The new property, named 828 Winter Street, will consist of a three-story, 144,910-square-foot, Class A lab/biotech building with a four-level parking garage. King Street broke ground on the project in October 2016 and is planning for a delivery date of July 2018.

The HFF debt placement team representing the borrower was led by managing director Greg LaBine and director Porter Terry.

“King Street saw an opportunity to capitalize on the tight suburban lab market and expand their existing Waltham property to meet the growing demand,” said LaBine.  “Blackstone shared their vision and provided a creative and flexible solution for lab construction financing.”

 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 |

NAI Realvest Negotiates Central Florida Office Leases in Winter Park, Maitland, Casselberry Totaling More Than 9,418 Square Feet

Mary Frances West
ORLANDO, FL – NAI Realvest recently negotiated five lease agreements at office buildings in Winter Park, Maitland and Casselberry totaling 9,418 rentable square feet. 

Mary Frances West, CCIM, Vice President at NAI Realvest represented Landlord Wilshire Plaza, LLC in a new lease agreement with Grace Full Dance Academy for 1,741 square feet at 210 Wilshire Blvd. in Casselberry. 

In Maitland, West represented Tenant Commercial Business Funding Corporation in a new lease for 1,525 square feet in the Point 100 building at 100 E. Sybelia Ave.   The landlord, Point 100 Limited Partnership was represented by Tommy Pinel of Cushman & Wakefield of Florida, Inc.  

 At 541 E. Horatio Ave. West represented the Dallas-based landlord Horatio Florida Partners, LLC in two transactions:  a lease renewal of 1,067 square feet for tenant Edward D. Jones and Company, LP, an investment firm; and a lease expansion for Humphreys and Partners Architects, LP, who expanded into 1,953 square feet now occupying a total of 7,106 square feet.

 At Maitland Squire, 331 N. Maitland Ave. NAI Realvest Vice President Jeff Bloom, CCIM represented Landlord Marble Oak Properties, LLC in a new lease agreement with Neuro and Epilepsy Care, Inc. for 1,431 square feet.   Bill Bagley of Dunhill Companies represented the new tenant.     

 NAI Realvest Principal Tom K. Kelley, II, CCIM and Associate Chris Adams represented Landlord Dipasqua Real Estate Investments, Inc. in a new lease agreement for 1,600 square feet at 2277 Lee Rd. in Winter Park.  Edge Realty Advisors is the new tenant represented in the transaction by Colin Morrison of Colliers International. 

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

 Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142


NAI Realvest Negotiates $3.1 Million Sale of Florida Development Land in Kissimmee by Orange-Osceola County Line

George Livingston
KISSIMMEE, Fla. – NAI Realvest recently negotiated the $3.1 Million sale of Lot 6, Osceola Corporate Center Replat 26 near the Orange-Osceola County Line in Kissimmee.

NAI Realvest Broker Associate Daniel Blackford, CCIM and Chairman George Livingston brokered the transaction on behalf of the buyer, Lake Mary-based Osceola ALF Real Estate LLC.  

Tupperware Services Inc. and Deerfield Land Corp. of Orlando sold the mixed-use unimproved acreage that’s planned for the future development of an assisted living facility that could get underway as soon as 2018.

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

 Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142