Saturday, June 30, 2018

HFF announces $48.51 million refinancing for CITYCENTRE Five in Houston, TX

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces a $48.51 million refinancing for CITYCENTRE Five, a 201,437-square-foot, Class A office building within the CITYCENTRE mixed-use urban development in Houston, Texas.

CityCentre Five, Houston, TX
The HFF team worked on behalf of the borrower, Midway Companies, to secure the loan through New York Life Real Estate Investors. 

CITYCENTRE Five is located at 825 Town & Country Lane at the southeast corner of Interstate 10 and Beltway 8 in Houston’s Energy corridor.

Colby Mueck
  Its location within the 50-acre CITYCENTRE development, which is considered Houston’s premier open-air mixed-use shopping and entertainment destination, provides tenants with immediate access to a diverse mix of restaurants and fashionable retailers, a Life Time Athletic club, three luxury apartment communities and the 265-room Hotel Sorella. 

 Additionally, the property benefits from its location near some of the strongest demographics in West Houston; average housing values within a one-mile radius of the property are more than $563,000 and average household income is roughly $179,000. 

The HFF debt placement team representing the borrower included senior managing director Colby Mueck.

For more information, please contact:

HFF Director, Public Relations
(617) 338-0990

M Hotel Group Announces Key New Hires: Expansion in Business Development, Corporate Communications and Lifestyle Special Projects

Amish Naik

Chevy Chase, MD –– PM Hotel Group, one of the nation’s leading hotel management companies, announces the addition of two executives to positions in business development and communications, as well as new hires in revenue management.

 As the company continues to see record growth in 2018, these hires mark PM Hotel Group’s commitment to continuing to add industry-leading talent with a focus on innovation, inclusion and strong financial performance.

Jennifer Diamond Haber

Amish Naik joins PM Hotel Group as vice president, business development and owner relations. In this role, Amish will lead new business growth concentrating on the continued expansion of the portfolio’s footprint.

His responsibilities include owner relations and working to develop new revenue streams with existing ownership groups. Amish brings impressive experience in hotel development, acquisitions and owner / franchisee relations.

 Most recently, he was vice president, franchise development strategy & operations for Choice Hotels International. Previously, Amish spent nearly a decade with Marriott International as vice president, owner & franchisee services.

Joseph Bojanowski

Jennifer Diamond Haber joins PM Hotel Group in the newly created role of vice president, communications, where she leads corporate communications, public and media relations, as well as internal and associate communications.

Jennifer brings experience both as an Emmy-award winner network news producer and as an agency executive with expertise in integrated marketing, social media, thought leadership and experiential activations.

  A dedicated communications strategist, Jennifer is a natural storyteller with a track record of bringing brands to life. Previously, she was vice president at MSLGROUP with clients including Feld Entertainment, Emirates Airlines and PayPal. Earlier in her career, she was a network news producer for ABC, NBC and CBS News in New York.

Raina Taillon

Raina Taillon joins PM Hotel Group as development manager focusing on the development of new specialty luxury and lifestyle projects.

Raina’s previous experience includes four years at Hilton Worldwide as senior manager, luxury & corporate development, supporting the strategic growth of the Conrad and Waldorf Astoria brands across North America.

A graduate of Cornell University’s School of Hotel Administration, Raina began her career at LaSalle Hotel Properties as a financial analyst.

“These newly created leadership roles illustrate our passion for building a best-in-class team that’s entrepreneurial and dedicated to creative thinking,” said Joseph Bojanowski, president, PM Hotel Group. “Developing a culture that’s collaborative and goal-oriented has positioned us well to attract top talent to support our robust pipeline of new projects.”

Adding to the PM Hotel Group’s revenue management team, Libbi Carlson has been named corporate director, revenue management.

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

Jennifer Diamond Haber
PH:  202.559.1916.

HFF announces $13.6 million financing of Class A industrial center near Orlando, FL

Chris Drew
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $13.6 million financing of Innovation Center at Lake Mary, a 565,927-square-foot, Class A, multi-tenant industrial property in the Orlando suburb of Lake Mary, Florida.

​The HFF team worked on behalf of the borrower, a joint venture between IP Capital Partners, LLC and Blue Vista Capital Management, to secure the floating-rate loan through NXT Capital.  Loan proceeds were used to fund the acquisition of the property and undertake a capital improvement project.

Innovation Center at Lake Mary consists of Class A bulk warehouse space that features clear heights ranging from 22 to 34 feet, 50 dock-high doors and three grade-level doors. 

Located at 2452 Lake Emma Road, the property is in in Lake Mary’s High-Tech corridor and situated along Interstate 4 ten miles north of downtown Orlando.
Matthew McCormack
 Innovation Center at Lake Mary has easy access to Florida’s highly traveled transportation arteries, including Interstate 95 and Florida’s Turnpike, and a Sun Rail hub is located 4.6 miles from the property. 

HFF’s debt placement team representing the borrower included senior managing director Chris Drew, director Maxx Carney and associate Matthew McCormack.

“The borrower’s expertise in the repositioning of industrial assets and Innovation Center’s central location will result in a successful and expeditious execution of the business plan,” Drew said.

IP Capital Partners, LLC is a private real estate investment and asset management firm headquartered in Boca Raton, Florida.  IP Capital was formed to focus exclusively on co-investing with various institutional and high net worth joint venture partners in office, retail and industrial real estate in the major growth markets of Florida. 

 For more information, please contact:

Kimberly Steele​
Digital Content/Public Relations Specialist
T: 713-852-3420

HFF announces the $13.38 million sale and $8.5 million financing for single-tenant retail building in suburban Pittsburgh, PA

Claudia Steeb

Marc Mandel

PHILADELPHIA, PA –– HFF announces the $13.38 million sale of and the $8.5 million acquisition financing for a 53,000-square-foot, single-tenant retail property occupied by Levin Furniture in the Pittsburgh-area community of Wexford, Pennsylvania.

The HFF team marketed the property on behalf of the seller, a REIT.  A private East Coast buyer in a 1031 Exchange purchased the asset free and clear of existing financing.  

Additionally, working on behalf of the new owner, the HFF team placed the 20-year, fixed-rate loan with Protective Life Insurance Company.  HFF will service the loan, proceeds of which were used to purchase the asset.

Steve Schrenk
Levin Furniture, which is now part of Art Van Furniture following its acquisition of Wolf Furniture and Levin Furniture in November 2017, occupies the building under a triple net lease that expires in approximately 20 years.  

The building is situated on 6.24 acres at 10688 Perry Highway in Wexford, a community about 17 miles north of Pittsburgh with superior access to major highways.  

The building’s location along Perry Highway exposes it to more than 22,800 vehicles per day, and it is contiguous to the Whole Foods Market-anchored Wexford Plaza, which is one of only three Whole Foods locations in the Pittsburgh MSA. 

Coler Yoakam
The HFF investment advisory team representing the seller included managing directors Marc Mandel and director Steve Schrenk, senior managing directors Coler Yoakam and Mark West and director Michael George.

The HFF debt placement team representing the new owner consisted of senior managing director Claudia Steeb.

“The Levin sale was a great example of how HFF’s platform can best serve its client,” Mandel said.  “Through a collaboration of three HFF offices, we were able to produce a successful result for all parties involved.” 

For more information, please contact:

Kimberly Steele
Digital Content/Public Relations Specialist
T: 713-852-3420