Tuesday, June 12, 2018

HFF announces $150 million financing of a state-of-the-art office project leased to one of Silicon Valley’s most well-known technology companies

1625 Plymouth, North Bayshore Submarket, Mountain View, CA
Bruce Ganong
SAN FRANCISCO, CA, June 12, 2018  HFF announces the $150 million financing of 1625 Plymouth, a 245,738-square-foot, build-to-suit office development located in the North Bayshore submarket of Mountain View, California.

The HFF team worked on behalf of the borrower, Broadreach Capital Partners, to secure the fixed-rate permanent loan through New York State Teachers Retirement System. 

The loan closing coincided with completing the construction of the warm shell and delivering the building to the tenant for their tenant improvement buildout. The highly-amenitized building will feature a healthy and eclectic work environment with multiple outdoor deck spaces for functions and activities.  

1625 Plymouth is a premier LEED Platinum Class A office building located directly off Highway 101 in the heart of Silicon Valley and near some of the most affluent communities in the Bay Area, including Atherton, Palo Alto, Los Altos, Los Altos Hills, Portola Valley and Woodside. 

Bercut Smith
The HFF debt placement team representing the borrower consisted of senior managing director Bruce Ganong and analyst Bercut Smith

“Working with the team at Broadreach Capital Partners and assisting them in securing a new relationship with NYSTRS was a tremendous opportunity and we are excited to watch the continued progress on site as the tenant completes their work and occupies this best-in-class office building,” said Ganong.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

For more information, please contact:

HFF Director, Public Relations
(617) 338-0990


NAI Realvest Negotiates New Lease at Wilshire Plaza in Casselberry, FL

Mary Frances West

Casselberry, FL --- NAI Realvest completed a new long-term professional office lease for 1,009 square feet in Wilshire Plaza, 174 Wilshire Blvd. in Casselberry.   

  Mary Frances WestCCIM Vice President at NAI Realvest, brokered the transaction representing Landlord Wilshire Plaza, LLC of Winter Park.   Tenant Function Health and Wellness LLC is a physical therapy practice establishing a second location.  They have another office in Deltona.

For more information, please contact:

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

HFF announces sale of an 8.33-acre development land parcel in the North Charlotte region

Sarah Godwin

CHARLOTTE, NC, June 12, 2018 – HFF announces the sale of an approximately 8.33-acre land parcel to Max Daetwyler Corporation within The Park – Huntersville (The Park), the premier master-planned business development campus in the North Charlotte and Lake Norman area community of Huntersville, North Carolina.

The HFF team marketed the parcel on behalf of Bank of America, N.A., as Trustee for the Bank of America Pension Plan (Plan), and Max Daetwyler Corporation, a long-time investor and resident of The Park, purchased the asset, which lies adjacent to the existing Daetwyler North America Headquarters facilities and has been acquired to meet the company’s future expansion needs. 

The HFF investment advisory team representing the seller consisted of director Sarah Godwin and senior director Hunter Barron.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.

HFF also arranged the sale of an approximately 10.93-acre land parcel on behalf of the Plan to an undisclosed buyer.  These two transactions represent the sixth and seventh significant land parcel sales brokered by HFF within The Park since spring of 2017 for a total of about 67.53 acres to date. 

Hunter Barron

 Other parcels are currently being marketed, with a few remaining sites available from two to 28 acres in size.

The Park – Huntersville is a mixed-use development of approximately 674 total acres in size with more than 2.6 million square feet of assets currently in place including 1.46 million square feet of office/flex space, 949,000 square feet of industrial, 125,000 square feet of retail, 560 apartment units and an estimated 6,000 daily employees in diverse industries such as healthcare, logistics and distribution, financial services, engineering and racing. 

 Notable employers within The Park – Huntersville include Novant Health, Forbo Siegling, Joe Gibbs Racing, Max Daetwyler Corporation, American Tire Distributors, Stanley Black and Decker, Kellogg and Ensemble Health Partners.  

Located immediately off the Gilead Road exit from Interstate 77, the Charlotte region’s critical north-south connector, The Park – Huntersville provides prompt access to Uptown Charlotte, the UNC-Charlotte/University City area and extraordinary executive housing in the sought-after Lake Norman area.

For more information, please contact:

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Nominations Open for Fourth Annual International Society of Hospitality Consultants' Lori Raleigh Award

Lori Raleigh

Atlanta, GA (June 12, 2018): The International Society of Hospitality Consultants (ISHC) today announced that nominations are being accepted for the fourth annual Lori Raleigh Award for Emerging Excellence in Hospitality Consulting. 

Launched in 2015 in honor of Lori Raleigh, founder of the Travers Group and executive director of ISHC 2000-2013, the award honors young, successful industry professionals with leadership qualities and a perceived bright future in hospitality consulting.

Andrea Belfanti

“The Lori Raleigh Award for Emerging Excellence in Hospitality Consulting provides an opportunity to recognize young professionals, who demonstrate early career success and leadership qualities,” said Andrea Belfanti.

“For any industry to succeed, there must be a constant influx of new perspectives, innovation and talent. ISHC looks to recognize the emerging class of hospitality consultants who are on the path to becoming future industry leaders and joining the exclusive ranks of ISHC membership.”

Candidates for The Lori Raleigh Award must be 35 years of age or younger at the time of the award presentation and meet the criteria for ISHC’s associate membership, including five years’ experience in a hospitality-related field with a minimum of three years of specific hospitality consulting experience. 

Amy Mierzwinski

 Prior award winners are not eligible for nomination, while prior nominees who have not previously won remain eligible.

Winner must be available to attend the annual conference for the award presentation in Miami Beach at the 1 Hotel South Beach,
October 10 – 13, 2018.  Nominations are due by June 30, 2018.  

Last year’s winner was Amy Mierzwinski, director at Horwath HTL, a global leader in hotel, tourism and leisure consulting, where she is responsible for branding, sales and marketing and revenue management consultancy.

Lauren Marshall

 For more information, please contact:

Lauren Marshall, 
Director of Membership and Marketing 
Email: lmarshall@ishc.com  
Phone: 678-735-9453

www.ishc.com/awards or go directly to the nomination form here.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

RIVERGATE KW RESIDENTIAL Expands Charlotte, NC Portfolio with Eastover Ridge Apartments

Marcie Williams

 CHARLOTTE, N.C. ––RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, is continuing to expand its portfolio in the company’s home base of Charlotte, N.C. In the latest example, RKW has been hired to oversee the luxury Eastover Ridge Apartments.

The gated 424-unit community is located at 3600 Eastover Ridge Drive in the historic Eastover neighborhood just minutes away from Uptown Charlotte. RKW assumed management of Eastover Ridge on June 1.
Eastover Ridge Apartments, Charlotte, NC
Eastover Ridge offers a mix of one, two and three-bedroom apartments and two-story, three-bedroom townhomes. The community is flush with amenities, including a fitness center, two lighted tennis courts, an indoor basketball court available to residents 24 hours a day, billiards room, two pools with picnic areas and gas grills, a fenced-in, leash-free dog park and 30-acre wildlife preserve.
“We are thrilled to add Eastover Ridge to our growing Charlotte-area portfolio,” said Marcie Williams, president of RIVERGATE KW RESIDENTIAL.  “This is a stunning community that provides residents with an unparalleled experience and convenience. Our team looks forward to applying our People First Philosophy to Eastover Ridge and its residents.”

Last month, RKW was recognized in the Charlotte Business Journal’s annual list of the largest property management companies in the area for the first time in the company’s four-year history.
For more information, please contact:

Eric Kalis
Account Director,
Bank of America Plaza | 1776 N Pine Island Road