Thursday, September 13, 2018

Jonathan Boriack Named Associate Principal of KTGY Architecture + Planning

Jonathan Boriack
OAKLAND, CA – KTGY Architecture + Planning has promoted Jonathan Boriack, AIA, LEED AP, to the position of associate principal, announced Jill Williams, AIA, chairman of KTGY’s board of directors and managing principal of the firm’s Oakland office.

“Jonathan is one of our key leaders and a trusted asset to our architecture practice,” said Williams. “He has proven his dedication to continual innovation and service. We are excited to welcome him to the role of associate principal here at KTGY.”

As associate principal for KTGY's Oakland office, Boriack is focused on design and construction of new for-rent and for-sale multifamily communities at urban infill sites throughout the San Francisco Bay Area.

Jill Williams
He is a talented team leader, drawing on his comprehensive experience and strong technical knowledge to manage a skilled professional staff undertaking complex design and construction projects. 

Boriack’s current work involves leading the architecture for some notable Bay Area developments. 

These include Innovation at Warm Springs in Fremont for Lennar Homes, a 110-acre TOD master-planned community; Blocks 6 and 7 of Alameda Point Site A for Trumark Homes, part of the mixed-use TOD waterfront development gateway to Alameda Point; and Great Oaks Mixed-Use Transit Village for Pulte Homes and Tri Pointe Homes.

Boriack joined KTGY in 2012, having previously completed a wide range of single-family and multifamily residential, urban mixed-use, commercial, industrial and retail projects throughout California.

 He earned a bachelor’s degree in architecture from California Polytechnic State University at San Luis Obispo. 

He is a licensed architect in California, a LEED Accredited Professional, and a member of the American Institute of Architects (AIA) and the Building Industry Association (BIA), Bay Area Chapter.

In keeping with KTGY’s tradition of giving back and mentoring the next generation, Boriack participates in volunteerism and fundraising for community, education and industry organizations, such as working with the Oakland Public Schools, and the City of Hope’s Bike for Hope fundraiser.

Boriack is an articulate presenter who has participated in speaking engagements at the National Association of Home Builders (NAHB) International Builders Show (IBS) in 2017 and 2018, on both occasions as part of the conference’s Condo Workshop.


Anne Monaghan

Voit Real Estate Services Secures $33 Million Lease Renewal for 750,000-SF Inland Empire Industrial Property in Ontario, CA

Industrial Warehouse in Shea Center Ontario Business Park, Ontario, CA
Frank Geraci
Ontario, CA – Voit Real Estate Services has successfully secured the $33 million lease of a 750,000 square-foot industrial warehouse in the five-building Shea Center Ontario business park in Ontario, California.
Frank Geraci, Juan Gutierrez and Adam Geiger of Voit’s Inland Empire office represented Aliso Viejo-based Shea Properties as the lessor in the transaction.
The tenant, Canada-based Dorel Home Furnishings, is a global manufacturer and distributor of well-known products in the juvenile, sports, and home furnishings sector. 

Juan Gutierrez
“This transaction reflects the ongoing strength of the Inland Empire industrial market, as well as our Client’s deep understanding of local market dynamics,” says Geraci. 
“Dorel Home Furnishings has been a tenant here since 2001. Shea understood the value in maintaining this excellent relationship for the long-term.
"Further, both parties recognized the opportunity for a win-win: Dorel was able to save tremendously by not incurring moving costs, while Shea benefitted by having no vacancy or downtime in the property, minimizing out-of-pocket costs.”

Adam Geiger
Voit was able to secure a competitive renewal rate for the property based on current market fundamentals, including an extremely low industrial vacancy of 4.32 percent in the Inland Empire. 
Dorel will continue to use the facility as a distribution center for its Home Furnishings division, according to Geraci, while Shea plans to implement minor capital improvements inside the facility.
“As an experienced owner with a portfolio spanning 4.9 million square feet of industrial, office and retail space and more than 8,100 apartment units, Shea Properties manages all of its assets in-house, ensuring that all properties are well-maintained to meet the needs of tenants,” says Geraci.

Chuck Belden
Other tenants at Shea Center Ontario include Emser Tile, Trek Bicycle, Restoration Hardware and Neovia Logistics.
“This is one of the most recognizable business parks in the Inland Empire, with freeway visibility along both the I-10 and I-15 freeways,” explains Geraci. 

“Our team has been fortunate to partner with Shea as exclusive listing agents on the property for more than two decades, giving us in-depth knowledge into its benefits, operations, and long-term performance.”
Shea Center Ontario is currently 100 percent occupied. The property is located at 5400 Shea Center Drive in Ontario, California. 

Kyle Kehner
Chuck Belden and Kyle Kehner of Cushman & Wakefield represented Dorel Home Furnishings as the lessee in the transaction.


Lisa James / Jenn Quader
Brower Group
(949) 955-7940

Huston Green joins HFF’s Atlanta office as a managing director

Huston Green
ATLANTA, GA – Sept. 13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has expanded its investment advisory team with the addition of managing director Huston Green

 Mr. Green will focus on office investment advisory transactions in the Greater Atlanta area and the Southeastern United States.  

Mr. Green has more than 15 years of commercial real estate experience and has closed more than $1 billion in transaction volume throughout his career. 

He joins HFF from Colliers International, where he was a senior vice president/principal and co-lead of the Atlanta office investment sales team. 

Richard Reid

Prior to that, Mr. Green was an associate vice president at DTZ Rockwood.  

He began his career as an analyst at Trammel Crow Company.  Mr. Green graduated Cum Laude with a Bachelor of Science degree from Hampden-Sydney College.

“Huston will be a fantastic addition to our Atlanta office investment advisory team,” Richard Reid, senior managing director and co-head of HFF’s Atlanta office said.  “He is a seasoned commercial real estate advisor who has deep relationships with many of the owners in the Southeast and we are pleased to welcome him aboard.”


GA Lic. #313527
HFF Senior Managing Director
(404) 832-8460

HFF Director, Public Relations
(617) 848-1572

Marshall Hotels & Resorts Announces Grand Opening of 63-Room Hotel Indigo Birmingham Five Points S-UAB

63-room Hotel Indigo Birmingham Five Points S-UAB, Birmingham, AL

BIRMINGHAM, AL, Sept. 13, 2018Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today announced the grand opening of the 63-room Hotel Indigo Birmingham Five Points S-UAB in Ala.

The hotel completed a $5 million renovation to convert the property from the Hotel Highland Downtown, bringing it to “like-new” status.

“Having completed an extensive makeover to enhance guest rooms and public spaces, the Hotel Indigo Birmingham Five Points S-UAB has become the ‘newest’ InterContinental Hotel Group (IHG) property to enter the market in recent years,” said Mike Marshall, president and CEO, Marshall Hotels & Resorts.

Michael Marshall
 “We went to great lengths to maintain the original building’s Art Deco architecture and medical arts history while adding a number of touches that today’s business and leisure travelers require, from high speed Internet access in all areas to large public spaces perfect for gathering.”

Located in the Five Points South area, Birmingham’s arts, entertainment and dining district, the hotel is central to such attractions as Birmingham Botanical Gardens, McWane Science Center and the Birmingham Civil Rights Museum.

Guest rooms combine area culture and history, with such amenities as plush lounge chairs, 49” HDTVs, high-speed internet access and oversized work spaces.  The hotel’s 28 suites also include a relaxing sitting area with wet bar, Keurig coffee machine and mini-refrigerator in the living room.

 Additional hotel amenities include Aveda bath products, spa-like showers, fitness center, valet parking and luxury linens. 

Rx Lounge, Hotel Indigo, Birmingham, AL
The hotel also features the Rx Lounge, a themed bar and restaurant that captures the building’s medical arts origins.  Guests can unwind with specialty cocktails and smoke infused whiskeys from a menu that features a number of “ale-ments, anti-oxidants and effervescents” that include numerous, local craft beers, wines and champagnes/proseccos.  The Rx Lounge provides full breakfast, lunch and dinner menus, as well.

“While we have nearly two dozen hotels throughout the Southern United States ranging from Georgia to Florida, the Hotel Indigo Birmingham Five Points S-UAB marks our first entry into the Heart of Dixie,” Marshall noted.  “We are seeking additional growth opportunities in the area and can think of no better ‘first impression’ on our new neighbors than this newest addition to downtown Birmingham.”


620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289


Chris Daly, media
 Daly Gray Public Relations
  (703) 435-6293

HFF announces $7.4 million sale of Class A office building in Sarasota, FL

Lake Osprey Building at Lakewood Ranch, Lakewood Ranch, FL

ORLANDO, FL , Sept.13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $7.4 million sale of the Lake Osprey Building at Lakewood Ranch, a 34,103-square-foot, Class A office building in the Sarasota-area community of Lakewood Ranch, Florida.

The HFF team represented the seller, TCA 12, LLC, and procured the buyer, Lawrence Holdings, LLC.

Robbie McEwan
Lake Osprey Building at Lakewood Ranch is located at 6230 University Parkway in Lakewood Ranch, the third highest selling master planned community in the nation in 2017. 

 The 2.5-acre site is a half mile from Interstate 75 and six miles northeast of downtown Sarasota.  Completed in 2007, the three-story, multi-tenant office building is fully leased to a mix of local and national tenants, including HomeBanc, Sarasota Orthopedic Group, PrismHR, Medical Sales College and Becker & Poliakoff, PA.

The HFF investment advisory team representing the seller included senior director Robbie McEwan, CCIM. 

“This sale demonstrates both the high demand for and significant amount of capital chasing office investment product in this submarket and greater Sarasota, particularly in the middle market $5 - $20 million price tranche,” McEwan said. 

 “We received a significant amount of interest from not only local buyers but national and international groups as well.”


FL Lic. #SL3207356
HFF Senior Director
(407) 745-3900

HFF Director, Public Relations
(617) 848-1572

Marcus & Millichap Handles $7.3 Million Sale of 13,824-SF CVS Site in Naples, FL

CVS Property, 4890 Tamiami Trail East, Naples, FL

Alan Lipsky

NAPLES , FL,  Sept. 13, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $7,300,000.

We received numerous offers for the property and closed at an aggressive cap rate with a local buyer in the Naples area,” stated Alan Lipsky, a vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Lipsky, Barry M. Wolfe, senior managing director investments, and Evan Whelan, associate, all located in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

Barry M. Wolfe
The buyer, a private investor, was secured and represented by Stephen Westerberg, first vice president investments, in Marcus & Millichap’s Stamford office. 

CVS is located at 4890 Tamiami Trail East in Naples.  The property is located off Tamiami Trail, which has a Daily Traffic Count of approximately 42,000 Vehicles.


 Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400

Plaza Advisors Announces Sale of Vine Street Square in Kissimmee, FL

Vine Street Square Shopping Center, Kissimmee, FL

Jim Michalak
TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Vine Street Square shopping center in Kissimmee, Florida.

The 114,071 sf plaza is anchored by a Walmart Neighborhood Market, Office Max, and Dollar Tree. Other significant tenants include: Humana, CAC FL Medical Centers, Mattress One, Cosmo Prof, Domino’s Pizza, H&R Block and MetroPCS. 

The asset was 99% occupied at the time of sale.

The seller was Cincinnati based Phillips Edison & Company. An undisclosed private equity group was the purchaser. 

Jim Michalak and Keith Nurre, senior analyst, represented the seller. Plaza Advisors was the sole broker involved in the transaction.

Keith Nurre
“Demand for Florida retail product, particularly grocery anchored assets, remains robust”. noted Michalak. 

“The various economic dynamics of Florida, including strong population growth, a thriving economy and relocating retirees, continue to drive investment demand and provide a “safe haven” for capital placement by both domestic and foreign investors”.

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. 

Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 


Jim Michalak
Managing Partner
Plaza Advisors
 3412 Bay To Bay Boulevard
Tampa, FL 33629
813.837.1300 Ext. 1
Fax 831.2627

NEXT Oncology Signs 11-Year, 19,948-SF Lease at Medical Center Tower I on CHRISTUS Santa Rosa Campus in San Antonio, TX

Medical Center Tower I on Campus of CHRISTUS San Rosa Hospital - Medical Center, San Antonio, TX

Anthony Tolcher

SAN ANTONIO, TX,  Sept. 13, 2018 – NEXT Oncology has signed an 11-year, 19,948-square-foot lease at Medical Center Tower I, located on the campus of CHRISTUS Santa Rosa Hospital – Medical Center.

Launched by cancer researcher Anthony Tolcher, NEXT Oncology has established a Phase 1 cancer research center and treatment practice for advanced cancer patients in the medical tower.

 Medical Center Tower I – together with neighboring Medical Center Tower II – are part of 4-building, 423,411-square-foot San Antonio medical office portfolio Ackerman & Co. purchased with partners Artemis Real Estate Partners and MLL Capital in 2017.

Chad Gunter
 Chad Gunter of Transwestern represented ownership in the transaction and Scott Herbold of CBRE represented NEXT Oncology.

 “We’re excited to close this lease with NEXT Oncology to accommodate their need for clinical exam space as well as its Phase 1 cancer center dedicated to developing anticancer breakthroughs,” said Kyle O’Connor, principal, MLL Capital.

 “This transaction continues our leasing momentum at Medical Center Towers I & II, where we have completed a number of new leases and renewals in the past year.”

Paul Barker
In addition to the NEXT Oncology lease, Gunter has completed two 6-year renewals (3,348 square feet and 3,802 square feet) with CHRISTUS Santa Rosa Health Care in Medical Center Tower II. Paul Barker of Endura Advisory Group represented the tenants.

 In addition to Medical Center Tower I & II, the partnership’s San Antonio portfolio includes Santa Rosa Professional Pavilion and Rosa Verde Tower, located on the CHRISTUS Children’s Hospital of San Antonio campus.


 Steve Webb