Friday, October 13, 2017

HFF announces sale of Lennar Corporate Center in Miami, FL

Hermen Rodriguez
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Lennar Corporate Center, a four-building office complex totaling 289,986 square feet in Miami, Florida.

The HFF team represented the seller and procured the buyer, NayaUmi LLC, managed by Yoav Merary and Guy Sharon.  NayaUmi LLC is a partnership between Naya USA LLC and Coast Capital Partners LLC.  The property was sold free and clear of debt.

Lennar Corporate Center was developed by Lennar Corporation between 1982 and 1993 and has served as its headquarters since that time.  It comprises four, four-story buildings at 700, 730, 760 and 790 NW 107th Avenue in Miami’s Airport submarket.

 The property has easy access to all of suburban Miami-Dade and Broward counties given its location on 16.4 acres adjacent to the on and off ramps of the Dolphin Expressway, the main east-west thoroughfare in Miami that also connects to Florida’s Turnpike and Palmetto Expressway.

The HFF investment sales team representing the seller included senior managing director Hermen Rodriguez, senior director Ike Ojala and director Tracey Goo.

 For more information on this press release, please contact:

HFF Director, Public Relations
(617) 338-0990

Grand Opening of Walmart Supercenter Marks Reinvestment in Metrocenter Mall, Northwest Phoenix, AZ

Ribbon-cutting ceremony participants at Metrocenter Mall, northwest Phoenix, AZ
 include Councilwoman Thelda Williams, far left, Warren Fink is second from left,
Duane Morrison is center with scissors. Others include local community
 and Walmart participants.

Warren Fink
PHOENIX, AZ – Phoenix-area elected officials and dignitaries, Walmart executives and loads of happy shoppers celebrated the grand opening of a new Walmart Supercenter this week at the iconic Metrocenter Mall, in northwest Phoenix.

“Opening the doors to this Walmart Supercenter and seeing the aisles fill with shoppers is so gratifying for all of us who’ve worked to bring this day to fruition,” said Paula Ginnett, a Walmart Vice President and Regional General Manager in Arizona. “We’re excited to be able to better serve our customers in northwest Phoenix, and to be part of the revitalization of the Phoenix landmark that is Metrocenter Mall.”

The 148,000-square-foot Walmart represents the single largest capital investment at Metrocenter Mall in decades. Built new from the ground up, the store is built on the site of the former Broadway building, which had been vacant since 2006.

“The opening of the new Walmart at Metrocenter Mall has not only created hundreds of jobs for Arizonans, but is also part of a larger effort to revitalize this landmark shopping complex,” said Jennifer Mellor, Vice President of Economic Development for the Greater Phoenix Chamber of Commerce. “This is exciting because it will be a major piece of the mall’s transformation into a multi-use, urban center.”

"Today's grand opening is the first physical step in our strategic redevelopment of Metrocenter," said Warren Fink, Chief Operating Officer for Carlyle Development Group. "With their opening, Walmart adds momentum to that effort and becomes part of our larger vision, which is to transform this site into a dynamic live-work-play environment, with multiple uses and a quickly-evolving mass transit system that will directly link this location to the entire metro area."

Paula Ginnett

The store offers a broad assortment of general merchandise and groceries, including an expanded selection of organics and gluten-free products, at Walmart’s Everyday Low Prices.

Customers will also enjoy convenient on-site services, such as a full pharmacy with multiple service lanes and private consultation room, as well as a Walmart Pickup lounge, providing an easy way to shop millions of products on The new store creates up to 300 jobs for full- and part-time associates.

Jennifer Mellor

The store will employ up to 300 full- and part-time associates. At the new Metrocenter location, Store Manager Duane Morrison started with Walmart 15 years ago and has managed multiple stores in Arizona.

Starting in 2015, Walmart began making a $2.7 billion investment over a two-year period in higher wages, more scheduling choices and further training for its associates. As part of increased wages across the company, the average full-time hourly associate now makes $13.79/hour in Arizona.

Thelda Williams

 Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit our 11,527 stores under 63 banners in 28 countries and e-commerce websites in 11 countries.

With fiscal year 2017 revenue of $486 billion, Walmart employs more than 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.

Additional information about Walmart can be found by visiting on Facebook at and on Twitter at

Online merchandise sales are available at and

For more information on this press release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

Daum Commercial Helps Global Apparel Manufacturing Company Expand with $30 Million Lease of 442,920-SF Distribution Warehouse in Chino, CA

Gus Andros
CHINO, CA – DAUM Commercial Real Estate Services recently directed the 10-year lease of a newly-constructed 442,920 square-foot distribution warehouse in Chino, California on behalf the tenant, Los Angeles-based global apparel manufacturer Topson Downs.

Gus Andros, an Executive Vice President at DAUM’s Inland Empire office and Andrew Lara, a First Vice President at DAUM’s South Bay office, completed the lease for a total consideration of approximately $30 million.

The building is located at 8986 Remington Avenue in Chino, California. Thomas Taylor, Steve Bellitti, Summer Coulter, and Josh Hayes of Colliers International represented Watson Land Company as the lessor in this transaction.

“Located near the border of Los Angeles County, the Chino submarket has one of the tightest industrial vacancies in the Inland Empire, at just 1.4 percent,” explains Andros, citing a recent market report from DAUM Commercial. “Given that this asset was new construction in this supply-constrained region, with a state-of-the-art design well-suited to today’s distribution needs, competition was extremely high.”

The tenant was especially drawn to the location of the building, which offers close proximity to five freeways: I-15, SR 60, SR 91, SR 71, and SR 83.  Other features include the facility’s easy access to the Ports of Los Angeles and Long Beach, and well as its modern features, which met the tenant’s needs for a cross-docking distribution center, according to Andros.

For more information on this press release, please contact:

Lauren Burgos / Elisabeth Manville
Brower, Miller & Cole
(949) 955-7940