Monday, July 17, 2017

HFF closes $21.5 million sale of Vancouver, WA shopping center

Fourth Plain Center, Vancouver, WA
                                                                                                              (Photo by Red Studio Inc.)

PORTLAND, OR  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $21.5 million sale of Fourth Plain Center, a 117,143-square-foot, value-add, multi-tenant shopping center in Vancouver, Washington.

HFF marketed the property on behalf of the seller, 4th Plain Center LLC. 

Fourth Plain Center comprises four buildings that were most recently renovated in 2006.  The center is leased to a mix of professional services, health and fitness, restaurant and retail tenants, including 24-Hour Fitness, Walgreens, Rainwater Insurance, Saigon Restaurant, Children’s Village Day Care, Zenaptic Chiropractic and Sunrise Salon. 

Situated in northeast Vancouver on 7.96 acres at 2903 NE Andresen Road, 2913 NE 72nd Drive and 2904 NE Burton Road, Fourth Plain Center is visible to approximately 42,241 vehicles per day and is near Interstate 5, which runs into Portland. 

Nick Kassab

The property is proximate to some of Vancouver’s most affluent neighborhoods, and more than 112,805 residents earning an average annual household income of $62,740 live within three miles of the center.

The HFF investment sales team was led by director Nick Kassab.

“We are pleased to announce the sale of Fourth Plain Center in Vancouver, Washington,” Kassab said.  “The center has a solid list of tenants, including 24 Hour Fitness and Walgreens, and provides value-add upside and optionality via leasing up the vacant former Office Depot box, either to another junior anchor or potentially a specialty grocer. 

“The high amount of interest in the center is another example of the strong demand for good value-add retail properties across the West Coast and here locally in Portland, as well as Vancouver emerging as a suitable location for institutional investment.”

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 |

Two Twelve Clayton Brings 250 New Luxury Apartments to St. Louis Suburb

Two Twelve Clayton, 212 South Meramec Avenue,
Clayton, MO
ST. LOUIS, MO (July 17, 2017) — Unparalleled luxury living is now available in Clayton, Mo., a close-in suburb of St. Louis just 10 miles west of the city’s downtown, with the grand opening of Two Twelve Clayton, a new 26-story Class A high-rise comprised of 250 apartments.

 Featuring an impressive 9,300 square feet of amenities, Two Twelve sets a new standard for rental residences with its club-style living for busy professionals in Clayton’s central business district, which serves as a center of business and financial activity for metro St. Louis. First move-ins began earlier this month.

Located at 212 S. Meramec Ave., Two Twelve is a joint venture between two Chicago firms, CA Ventures and White Oak Realty Partners, with national property manager The Habitat Company, also from Chicago, managing the property and overseeing leasing.

“It’s very exciting to see a building of this caliber open in this area of St. Louis – something that’s been specifically designed and styled to meet the demands of sophisticated Clayton residents,” said JJ Smith, principal of CA Ventures.

“From the building’s striking silhouette on the Clayton skyline to its impressive suite of amenities, including the most dynamic apartment rooftop/outdoor living space in the area, Two Twelve raises the bar for rental living in Clayton.

Sheila Byrne

It also puts residents steps away from the Clayton MetroLink Station, adjacent to Shaw Park and less than 2 miles from the St. Louis Galleria shopping center, making all the advantages of city living easy to access,” Smith added.

“The surrounding community has been very interested in Two Twelve, so we’re thrilled to welcome our first residents,” said Sheila Byrne, executive vice president of property management for The Habitat Company.

“As they’ll soon find out, the experience Two Twelve Clayton delivers to the market is unparalleled. There’s no other community in the area that combines this level of sophisticated urban design, LEED certification and refined luxury amenities.” 
Two Twelve includes studio, one-, two- and three-bedroom units offering 592 to 1,366 square feet with rents ranging from $1,706 to $4,415. 

For more information about leasing an apartment at Two Twelve, call (314) 721-1212 or visit

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

Robin Plous,, (312) 267-4512
Kim Manning,, (312) 267-4527

HFF closes sale of The Plaza at North Creek in suburban Seattle, WA

The Plaza at North Creek Office Campus, Bothell, WA
                                                                                                             (Photo by Red Studio Inc.)

Nick Kucha

PORTLAND, OR, July 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Plaza at North Creek, a flagship office campus totaling 194,074 square feet in the suburban Seattle community of Bothell, Washington.

HFF marketed the property on behalf of the seller and procured the buyer, MRM Capital. 

The Plaza at North Creek comprises two three-story, Class A office buildings located at 18911 and 19015 North Creek Parkway in Bothell, a community about 13 miles northeast of downtown Seattle. 

This location, adjacent to Interstate 405, is part of the Eastside’s life science industry hub, which is home to more than 50 life science employers.  Key tenants at the 80.7 percent leased property include Allstate and SNC-Lavalin. 

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha and director Dave Otis.

“The Plaza at North Creek’s superb Class A office space has allowed the park to consistently outperform the Bothell submarket, maintaining a 10-year historical average occupancy of 92 percent, 600 basis points higher than the Bothell submarket historical average of 86 percent,” said Kucha.  “The Plaza at North Creek is THE destination for users seeking a Bothell address.” 

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 hires Anthony Fertitta, Jr. as a managing director in its Carolinas office

Travis Anderson
CHARLOTTE, NC, July 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Anthony Fertitta, Jr. as a managing director in its Charlotte office. 

Mr. Fertitta joins HFF with more than 23 years of real estate project and corporate finance/capital markets experience, primarily with Bank of America Merrill Lynch. 

Most recently, Mr. Fertitta coordinated the commercial lending and capital markets activities for a broad spectrum of REIT/REOC, real estate opportunity fund/investment manager, homebuilder and real estate service company clients around the U.S. in bank’s Real Estate Corporate Banking Group.  

“We are excited to welcome Anthony to the HFF team,” said Travis Anderson, HFF senior managing director and co-head of HFF Carolinas.  “He will be an integral player in growing our regional and national footprint due to his deep institutional relationships as well as extensive experience in both asset/portfolio level and corporate finance.”

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 |

Berger Commercial Realty Facilitates $700,000 Sale of Downtown Fort Lauderdale, FL Land Slated for Office Development

Judy Dolan

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC International Senior Vice President Judy Dolan represented Anthony and Camille Ajakie in the $700,000 sale of 25,000 square-feet of land to 100 Avenue of the Arts, LLC.

Located at 100 N.W. 7th Ave. in Fort Lauderdale, the land is slated for development into a multi-story, multi-tenant office building with covered parking.

Site frontage on Avenue of the Arts, Fort Lauderdale, FL
“The property is a great development opportunity for office space due to its prime location in Fort Lauderdale’s central business district,” Dolan said. 

“With frontage on Avenue of the Arts and close proximity to the new Brightline rail station, the site offers great visibility and accessibility for future tenants.”

Formerly part of a used car dealership parcel, the property consists of four contiguous lots located just north of Broward Boulevard along N.W. 7th Ave. and offers convenient access to I-95 via Broward Blvd. or Sunrise Blvd.

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

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

Pierson Grant Public Relations
Lexi Robinson, ext. 255,
Marielle Sologuren, ext. 226,

Continental Partners Secures Permanent Financing for Award-Winning Multifamily Asset in Los Angeles, CA

Zalmi Klyne
LOS ANGELES, CA (July 17, 2017) – Commercial real estate investment banking firm Continental Partners has successfully secured $9.7 million in permanent financing for Ten38 Lofts, a 32-unit, American Institute of Architects award-winning multifamily property in the Koreatown submarket of Los Angeles, California. 

The financing was arranged by Continental Partners Director Zalmi Klyne.

The sponsor, a private multifamily investor, had requested a permanent loan to refinance an existing construction loan for the property. Constructed in 2016, the multifamily community offers spectacular 360° views from its rooftop garden, granting visibility to the downtown skyline as well as the Westside, according to Klyne.

“Ten38 boasts a unique, contemporary design unmatched in the Koreatown submarket,” explains Klyne, who points to the building’s organic curves, floor-to-ceiling windows and balcony views.

“Despite the compelling design and immediate value of this property, concerns regarding potential oversupply and projected vacancies in this submarket presented an initial challenge. We were able to quickly overcome this challenge by demonstrating the opportunity and investment potential of this exceptional asset.”

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

Elisabeth Manville / Katie Kea
Brower, Miller & Cole
(949) 955-7940