Sunday, March 31, 2019

HFF closes sale of The Village at Camp Bowie in Fort Worth, TX


The Village at Camp Bowie, a Sprouts Farmers Market-anchored retail center totaling 180,000 square feet in Fort Worth, TX

DALLAS, TX –– HFF announces that it has closed the sale of The Village at Camp Bowie, a Sprouts Farmers Market-anchored retail center totaling 180,000 square feet in Fort Worth, Texas.

Jim Batjer
HFF marketed the property on behalf of the seller, a joint venture partnership between Lincoln Property Company and Boston-based Long Wharf Capital.  Dunhill Partners, Inc. purchased the grocery-anchored asset.

The Village at Camp Bowie is situated in a highly visible location near the intersection of Camp Bowie Boulevard and Interstate 30, which together have a daily traffic count of more than 130,000 vehicles. 

The 21-acre site is positioned in the Camp Bowie District of Fort Worth, which is proximate to the affluent residential neighborhoods of Ridglea Hills, Westover Hills, Rivercrest, and Arlington Heights. 

The population within a three-mile radius of the property exceeds 87,000 people and has an average household income of $94,000. 

Barry Brown
The Village at Camp Bowie is 89 percent leased to 39 diverse tenants, including Tuesday Morning, Verizon, Orangetheory Fitness, Keller Williams, and McAlister’s Deli, among others. 

The HFF investment advisory team representing the seller included senior managing directors Jim Batjer, Barry Brown and Ryan Shore and director Aaron Johnson.

Holliday GP Corp. ("HFF"), a Texas licensed real estate broker.

About Lincoln Property Company
Founded in Dallas, Texas, in 1965, LPC is a full-service, vertically integrated institutional investment and property services platform with offices in the United States and Europe. 


 Since 1965, Lincoln has acquired and developed approximately $54 billion of residential and commercial property.  LPC currently manages 213 million square feet of commercial property and 190,542 multifamily residential units for over 200 separate clients worldwide.  

For more information, please visit lpc.com.

Ryan Shore
About Long Wharf Capital

Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S. 

Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations and family offices. 

 Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets. 

 For further information, visit longwharf.com.

About Dunhill Partners, Inc.

Dunhill Partners was founded in 1984 by William L. Hutchinson and is a commercial real estate investment firm that currently owns and manages more than 5 million square feet of retail commercial property. 

William L. Hutchinson
 Dunhill specializes in the acquisition, leasing and management of commercial real estate.  For more than 30 years, the firm has been dedicated to the fundamental principle of building value for its investors. 

With properties from Texas to Hawaii, Dunhill Partners is a true leader in commercial real estate ownership. 

 Learn more at 
www.dunhillpartners.com.

 For more information on HFF, please visit hfflp.com or follow HFF on Twitter @HFF.

Aaron Johnson
CONTACTS:

JIM BATJER
TX Lic. #0405128                            
HFF Senior Managing Director       
(214) 265-0880

BARRY BROWN
HFF Senior Managing Director
(214) 265-0880

KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572


HFF closes sale of Austin, TX student housing property


                                                                            Photo by Justin Wallace

Student Housing Villas on 26th  is at 800 West 26th Street,
 a half mile from the University of Texas at Austin campus.


AUSTIN, TX – HFF announced it has closed the sale of Villas on 26th, a luxury student housing property serving The University of Texas at Austin (UT Austin).

Ryan McBride
HFF worked on behalf of the seller, Zucker Properties.  Arrimus Capital purchased the property free and clear of existing debt.

Villas on 26th is located at 800 W. 26th Street less than half of a mile from campus.  Completed in 2014, the property is located at the epicenter of UT Austin’s West Campus student housing market, which positions it within walking distance to more than 50 retail, dining and entertainment destinations.  

The property consists of 182 beds across 49 units averaging 1,591 square feet, 97 percent of which are larger three- to six-bedroom floor plans. 

 Units are equipped with state-of-the-art technology such as Savant smart home automation systems, 60-inch high definition TVs, Apple TVs, Polk surround sound speakers and in-wall iPad touch screens.  

The property’s larger units also include private in-home movie theaters with 110-inch projection screens.  To complement the property’s cutting-edge technology, units feature condo-quality finishes, including custom stone countertops, stainless steel appliances. designer lighting, hardwood-style flooring, walk-in closets and in-unit washers and dryers.  

Doug Opalka
Common area amenities include a swimming pool-sized hot tub on the mezzanine level, multiple outdoor patios with TV’s, 24-hour fitness center, multi-level underground parking and scenic UT Tower views.  

Villas on 26th has remained 100 percent occupied since opening and is 90 percent pre-leased for the 2019/2020 academic year.

The HFF investment advisory team was led by director Ryan McBride and senior managing director Doug Opalka.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.


CONTACTS:

RYAN MCBRIDE
TX Lic. #615957
HFF Director
(512) 532-1900

DOUG OPALKA
TX Lic. #493181
HFF Senior Managing Director
(512) 532-1900

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403


HFF closes sale of Troy Block in Seattle’s South Lake Union submarket


Troy Block, 300 Boren Avenue North in the South Lake Union submarket of Seattle, WA
                                                             Photo by Built Work Photography LLC

Mark Gibson
SEATTLE, WA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Troy Block, two newly constructed, Class A+ office towers fully leased to a Fortune 50 technology tenant.

HFF marketed the property on behalf of the seller, a partnership between USAA Real Estate and Touchstone.  

The buyer was a private high net worth family office. This transaction represents the largest single asset trade by volume in Seattle history.

Troy Block is located at 300 Boren Avenue North in the South Lake Union submarket of Seattle, which is home to some of the fastest growing industries, including technology, media, software, global health and biomedical research. 

Stephen Conley
Completed in 2016 and 2017, the two LEED Gold-certified towers offer the highest quality improvements and latest building technology with multiple tenant amenities. 

The HFF investment advisory team representing the seller included executive managing directors Mark Gibson, Stephen Conley and Manny De Zarraga, senior managing directors Michael Leggett, Gerry Rohm and Coleman Benedict and directors Kevin Freels and Logan Greer.

About USAA Real Estate 

USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates.

Manny de Zarraga
 Its portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922.

For more information, visit usrealco.com.

About Touchstone

Touchstone is a privately-owned, Seattle-based real estate developer. 

 In the last decade, Touchstone has broken ground on 12 projects comprising nearly three million square feet.  It is currently developing two million square feet of real estate in the greater Seattle area.  

Michael Leggett
Touchstone is a subsidiary of Urban Renaissance Group, LLC, a Seattle-based full-service commercial real estate company, engaged in acquisitions, development, asset management, leasing, property management and ownership in Seattle, Bellevue, Denver and Portland.

 In 2016, Touchstone was selected by NAIOP as its National Developer of the Year.

Gerry Rohm
  
Please visit touchstonenw.com for more information.

About HFF

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. 

Coleman Benedict
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.com or follow HFF on Twitter @HFF.


CONTACTS:

MARK GIBSON
HFF CEO and Executive Managing Director
(214) 265-0880

MICHAEL LEGGETT
HFF Senior Managing Director
Kevin Freels
(415) 276-6300

KEVIN FREELS
WA Lic. #129840
HFF Director
(206) 576-0030

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

Friday, March 29, 2019

WeWork Commits to Junction 23 Creative Redevelopment in Denver, CO


Krystal Arcenaux.
DENVER, CO (March 29, 2019) – Office workspace leader WeWork has committed to a long-term, full building lease at Junction 23, a creative office redevelopment by EverWest Real Estate InvestorsWHI Real Estate Partners L.P. and George Oliver Companies, in Denver’s booming River North (RiNo) District.

Located at 2323 Delgany Street, Junction 23 is the culmination of an extensive 12-month building renovation that repositioned a 1975-built property into an innovative, 86,127-square-foot creative office redevelopment in the heart of Denver’s quickly emerging urban live-work-play environment encompassing the downtown, RiNo and Lower Downtown (LoDo) neighborhoods.

Junction 23, River North District,  2323 Delgany Street, 
Denver, CO

“Denver is full of creative, thriving businesses,” said EverWest Senior Vice President of Asset Management Krystal Arcenaux. “Junction 23 was our opportunity to apply our team’s creative office redevelopment program to serve the entities that are evolving in our own backyard.

Junction 23 interior

"Welcoming WeWork validates the vision and goal of this project, and we look forward to their success at this location.”

New York-based WeWork provides flexible space, community and services with a global reach for entrepreneurs, freelancers, startups, small businesses and large enterprises of all sizes.

Junction 23 Interior Entrance

The company currently operates four locations in Denver – at The Triangle Building, The Lab, Tabor Center and The Hub – making it Denver’s largest office user.

Larry Lance
“As Junction 23’s sole tenant, WeWork will enjoy Junction 23’s very creative build out, beginning with a large glass front entry and extending into open interiors that are packed with flexible work environments and other conveniences designed for today’s modern working culture,” said EverWest Executive Vice President of Development Services Larry Lance.

This includes 16-foot windows, 25-foot exposed ceilings, more than two dozen skylights and energy-efficient LED lighting.

Laura Sperry
 The building’s indoor-outdoor concept features modern conference rooms, small group breakout areas and roll-up garage doors that connect to a center atrium and outdoor meeting spaces.

Junction 23 also offers an on-site fitness center with showers and locker rooms, on-site bike storage and direct access to the adjacent Millar E.B. Coffee Co., where employees and visitors can gather for work and relaxation.

Jamie Gard
Junction 23 is situated at the corner of Park Avenue and Delgany Street, within walking distance to Denver’s central business district, LoDo neighborhood, Union Station and dozens of restaurants and retailers, and a short drive to I-25 and Denver International Airport.

Newmark Knight Frank Executive Managing Director Jamie Gard and Associate Director Laura Sperry represented EverWest and WHI Real Estate Partners in the WeWork lease. Gensler was the project architect for Junction 23. Colorado-based Provident Construction was the general contractor.

About WeWork

WeWork meets companies of all types and stages — from startups to the 32 percent of Fortune 500 companies that now call WeWork home — where they are today and helps them grow to where they want to be tomorrow, next year, in a decade. 

Adam Neumann
As a global company with a hyper-local playbook where company becomes community, WeWork provides more than 400,000 members around the world with space, local connectivity, and services through both physical and digital offerings.

Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 425 physical locations in 100 cities and 27 countries around the world. 

Miguel McKelvey

WeWork transforms buildings into dynamic environments for creativity, focus, and collaboration. More than just a new way of working, though, this is a movement toward a new way of living. Follow us @WeWork on Twitter, Instagram, and Facebook or visit wework.com to learn more.

 For more information on EverWest, visit www.everwest.com. For more information on GWL Realty Advisors, visit www.gwlra.com.

For more information about WHI Real Estate Partners L.P., visit www.whirep.com.


To learn more or to discuss new project opportunities, visit www.georgeoliver.com.

CONTACT:

Stacey Hershauer
480.600.0195



Lincoln Property Co. Takes Home NAIOP Award as Arizona’s Owner/Developer of Year


Dave Krumwiede

PHOENIX, AZ, March 29, 2019 – Leading commercial real estate owner, developer and property manager Lincoln Property Company (LPC) last night earned the award for Owner/Developer of the Year at the National Association of Industrial and Office Properties (NAIOP) Arizona chapter’s Best of NAIOP, an annual event recognizing the best of Arizona commercial real estate.

The NAIOP Owner/Developer of the Year award recognizes LPC as the most successful office/industrial owner and developer in the Arizona market in 2018.

The Grand at Papago Park Center, Tempe, AZ
This takes into account the firm’s more than 5.6 million square feet of active development, a property management portfolio spanning almost 10 million square feet of prime commercial space and the execution of 65 lease deals in 2018 across multiple landmark Valley projects.

“This is an extremely exciting time to be a part of the Phoenix commercial real estate community," said Lincoln Property Company Executive Vice President David Krumwiede.  

The ultra-modern, 901,700-square-foot Lincoln Logistics 40 Class A industrial project, Goodyear, AZ

"Our economy is more diverse than it has ever been, and that opens the doors to entirely new categories of tenant demand, amenity trends and project opportunities – all of which we’ve worked to actively identify and respond to.

“NAIOP is a big part of that environment, and we are grateful for its efforts to advance industry best practices, provide a platform for sharing knowledge and foster the continued development of our local commercial real estate talent.”

 Key LPC projects that were completed, under construction or announced during 2018 include the ultra-modern, 901,700-square-foot Lincoln Logistics 40 Class A industrial project in Goodyear, multiple amenity-rich Class A office buildings at The Grand at Papago Park Center in Tempe, the 1.3-million-square-foot Class A Union office project in the heart of Mesa’s Riverview District and the 1.2 million-square-foot Lincoln Logistics 303 Class A industrial development in Glendale.

John Orsak

 As one of metro Phoenix’s largest property managers, LPC also completed significant lease and renovation activity at high-profile properties including 3131 Camelback, Waypoint in Mesa and Gainey Center in Scottsdale, all Class A office properties in prime Valley submarkets.

 For more information or to discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.

To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcphx.com.

CONTACT:

Stacey Hershauer
480.600.0195


Ware Malcolmb Promotes Ilyes Nouizi to Associate Principal in Irvine, CA



Ilyes Nouizi

Irvine, CA – Ware Malcomb, an award-winning international design firm, announced Ilyes Nouizi has been promoted to Associate Principal, Resource Services in the firm’s Irvine, Calif. headquarters office.

In this role, Nouizi continues to lead the firm’s in-house Production Studio, a dedicated production team that supports all of Ware Malcomb's 22 offices across North America.

“All of us at Ware Malcomb join together in congratulating Ilyes on his well-deserved promotion to Associate Principal,” said Lawrence R. Armstrong, Chief Executive Officer of Ware Malcomb.

 “As Ware Malcomb has grown tremendously over the years, Ilyes has always been able to successfully manage the increased flow of projects and resources to meet our clients’ needs.

Lawrence R. Armstrong

"Known for both his technical expertise and solutions-oriented approach, he’s played a key role in turning our in-house Production Studio into a real competitive advantage for Ware Malcomb across our markets.”

Nouizi brings over 17 years of experience in the architecture industry to his new role. He joined Ware Malcomb in 2003 as part the firm's production resource team and has since been promoted multiple times.

In 2013 he was promoted to Director, Resource Services and quickly became an integral part of the Production Studio’s leadership and success.

A licensed architect in the state of California, Nouizi holds a Bachelor of Architecture degree from Ecole Polytechnique d’Architecture & d’Urbanisme in Algeria.

For more information, visit waremalcomb.com/news and view Ware Malcomb’s Design video at youtube.com/waremalcomb.


CONTACTS:

Rachel Reenders
VP Public Relations
 KCOMM for Ware Malcomb


Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com