Monday, July 2, 2018

Englewood Construction Launches Multiple Restaurant Projects

William Di Santo
CHICAGO, IL -- Englewood Construction, one of the country's leading commercial construction firms, announces it has begun work on six restaurant projects, including three new Wings Over restaurants in Athens, Ga., Clemson, SC, and College Park, Md.; a new Outback Steakhouse in Gurnee, Ill.; the renovation of an existing Ruth's Chris in San Diego; and the construction of the base building and utility infrastructure for a planned CoreLife Eatery in a Springfield, Ill., retail center owned by Seritage Growth Properties.  

"A prominent trend our team noted while attending ICSC RECon 2018 this spring was continued optimism among restaurant brands and developers thanks to sustained growth in the restaurant sector, which is prompting national and regional brands to capitalize on this momentum by introducing new concepts, expanding their footprints, or moving existing restaurants to more desirable locations," said William Di Santo, president of Lemont, Ill.-based Englewood Construction.

"These new projects reflect the industry patterns discussed at RECon as well as trends Englewood’s restaurant group has already experienced first-hand in our work. They also reinforce the value of partnering with a national contractor that can come into any market and deliver a seamless construction experience."

For more information, please contact:

Sarah Lyons,, (312) 267-4520
Kim Manning,, (312) 267-4527

HFF announces sale of upscale Orlando, FL lifestyle center

Dellagio Town Center, Sand Lake Road, South Orlando, FL
Photo by 
Raul Pedroso – Solo Photography

Brad Peterson
ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Dellagio Town Center, a 109,890-square-foot,upscale lifestyle center along “Restaurant Row” in Orlando, Florida.

The HFF team marketed the property on behalf of the seller.  Concorde Group Holdings, LLC, a privately owned developer based out of Boca Raton, Florida, purchased the asset free and clear of existing debt. 

Dellagio Town Center is situated on 9.8 acres at 7924-8075 Via Dellagio Way in Orlando along the famed “Restaurant Row,” a prestigious and thriving one-mile stretch of Sand Lake Road between Interstate 4 and Apopka-Vineland Road that appeals to tourists and residents in the nearby upscale communities of Isleworth, Windemere and Bay Hill. 

Whitaker Leonhardt
Dellagio Town Center features distinctive architectural features, including ornate tower elements, arched doorways and window lines, a streetscape design, outdoor patio seating, brick inlaid sidewalks, lush landscaping and fountain features for waterfront views. 

Constructed in 2009, the 95.8-percent-leased center is home to a variety of tenants, including Fleming’s Prime Steakhouse, BRAVO! Cucina Italiana, Dragonfly Sushi, Big Fin Seafood Kitchen and Urbain40.

The HFF investment advisory team representing the seller included senior managing director Brad Peterson, senior director Whitaker Leonhardt and associate Michael Brewster.

“Dellagio is one of the most iconic and picturesque retail properties in all of Central Florida,” Peterson said.  “No expense was spared in the design elements, which provide a truly unique and special shopping and dining experience for tourists and nearby residents. 

Michael Brewster
"The restaurants at Dellagio are run by the most talented, creative and passionate foodies, and I am excited about Concorde and their team taking Dellagio to the next level and making it the ‘premier’ venue along Sand Lake Road.”

“We are truly excited about what lies ahead at Dellagio,” said Joe LeBas, managing director and founder of Concorde Group Holdings, LLC

“We believe the center represents not only a best-in-class destination for the residents of Orlando but also for the 68 million annual visitors to our city.  We look forward to people making a special trip to see us at Dellagio!”

This sale comes on the heels of the HFF team closing another “Restaurant Row” transaction in February with the sale of Rialto II, a fully leased, 17,361-square-foot ground-floor retail condo at 7341 West Sand Lake Road below a 200-unit luxury apartment building. 

Joe LeBas
“Sand Lake Road is one of the most desirable retail addresses in Orlando,” Leonhardt said.  “The submarket continues to see positive rent growth, exceedingly strong occupancy and retail tenant demand that exceeds supply. 

"With the addition of thousands of new residential and hotel units in the immediately surrounding area and record-breaking tourism numbers in Orlando, the positive outlook for retail in this corridor cannot be over-stated.”

For more information, please contact:

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

HFF announces $15.25 million sale of single-tenant retail building in Miami Beach, FL

Daniel Finkle
MIAMI, FL – – Holliday Fenoglio Fowler, L.P. (HFF) announces the $15.25 million sale of a 12,000-square-foot, single-tenant retail building leased to Fogo De Chão Brazilian Steakhouse in Miami Beach, Florida.

The HFF team marketed the property on behalf of the seller, 836 First Street, LLC. 

Fogo De Chão is an upscale Brazilian steakhouse with 47 locations located throughout the United States, Puerto Rico, Brazil, the Middle East and Mexico. 

Fogo De Chão has been operating at this location since 2008 and has recently extended its lease term by an additional 10 years.  As part of the extension, the tenant has committed to a significant investment in the building through a complete renovation planned for this year. 

Marc Mandel
 Situated on .28 acres at 836 1st Street on South Beach’s “Restaurant Row,” the property receives high consumer traffic from both South Beach locals and the millions of tourists that visit the area annually.

The HFF investment advisory team representing the seller included senior managing director Danny Finkle, managing directors Marc Mandel and Luis Castillo and director Steve Schrenk.

“Strong demand remains for well-located single tenant assets; evidenced by the fact that the property closed in less than ninety days from the commencement of marketing,” Mandel said.

Luis Castillo
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  

HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  

HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.comor follow HFF on Twitter @HFF.

For more information, please contact:

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

Graycor Promotes Todd Ostransky to Vice President Southwest Division

Todd Ostransky

PHOENIX, AZ – Graycor Construction Company has promoted Todd Ostransky to Vice President of the Southwest Division. In this role, Ostransky directs construction efforts across the Southwest, including current industrial and office assignments, and a strategic expansion into diversity markets such as retail, entertainment, hospitality and tenant improvement.

As a member of Graycor’s senior leadership team, Ostransky is also charged with serving and growing the company’s national distribution center portfolio – ranging from new client opportunities to the expansion of existing relationships with entities including Amazon, FedEx and Walmart.

David Wing
“Over almost a decade, Todd has made countless contributions to the growth and performance of Graycor’s commercial client base – not only in Phoenix and the Southwest, but also among our national customers,” said David Wing, President of Graycor Construction Company. “We appreciate his contributions, and are confident in the success he will achieve in this new role.”

A 20-year industry veteran, Ostransky joined Graycor in 2010 as a preconstruction manager, bringing with him a decade of experience in estimating, operations and management. Since that time, he has held numerous leadership positions within Graycor, most recently as General Manager for the Southwest Division.

In 2016, he directed the relocation and expansion of Graycor’s Southwest Regional Headquarters and the introduction of Graycor’s full national platform, which spans expertise in the office, industrial, retail and hospitality sectors.

Most recently, this has resulted in landmark assignments including the mixed-use Camelback Collective, 1.1 million-square-foot TEN Distribution Center, Prologis Park Riverside/Amazon Building 3 and Orbital ATK’s new state-of-the-art Satellite Engineering Building.

Ostransky holds a bachelor’s degree in construction management from the University of Nebraska. He is a member of NAIOP and Graycor’s Continuous Improvement Steering Committee.

For more information, please contact:

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