Sunday, June 30, 2019

HFF arranges $45.65 million financing for Talavera Apartments in Denver, CO


240-Unit Talavera Apartments, 350 South Jackson Street, Denver, CO

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged $45.65 million in financing for Talavera Apartments, a 240-unit, mid-rise multi-housing community located in Denver, Colorado.

Jim DiRienzio
HFF worked on behalf of the borrower, Denver-based Griffis Residential, to secure the 10-year, Fannie Mae Green Rewards loan through HFF’s risk-transfer joint venture with M&T Realty Capital Corporation.

The loan, which was used to fund the acquisition of the property, carries a 3.53% fixed interest rate with full-term interest-only payments.

Talavera Apartments is located at 350 South Jackson Street near Cherry Creek’s numerous high-end retail, dining and entertainment amenities. 

Eric Tupler
 Built in 2008, the property features a mix of studio, one-bedroom and two-bedroom units averaging 838 square feet.

Community amenities include a swimming pool and spa, covered parking, in-unit washers and dryers, stainless steel appliances and Amazon lockers. The property was more than 97% leased at closing.

“HFF has again proven to be a strong partner, working with Griffis Residential to secure financing for a high-quality asset in our latest real estate investment fund,” said Jim DiRienzo, senior vice president of acquisitions at Griffis Residential.

 “The apartment homes at Talavera, which has been renamed Griffis Cherry Creek, are primed for interior improvements and additional elements of our investment strategy, including enhanced resident experience, ancillary income initiatives, and management and service upgrades.”

Josh Simon
The HFF team representing the borrower was led by senior managing director Eric Tupler and managing director Josh Simon.

About Griffis Residential

With approximately $2 billion in multifamily assets, Griffis Residential is a vertically integrated multifamily real estate investment firm that owns and manages over 7,400 multifamily homes in thriving markets around the western U.S., including Denver, Austin, Seattle, Los Angeles and Las Vegas. 

 For more information, please visit https://griffisresidential.com/.


About M&T Realty Capital Corporation

M&T Realty Capital Corporation (www.mtrcc.com) is a wholly-owned commercial mortgage-banking subsidiary of Manufacturers and Traders Bank, better known as M&T Bank Corporation. 

Founded in 1856 in Buffalo, New York, M&T Bank Corporation (www.mtb.com) is a regional financial services company with more than $115 billion in assets. 

M&T is a community-focused bank that serves customers in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, DC through more than 750 branches, 1800 ATMs, and a variety of online and mobile services.

CONTACTS:

ERIC TUPLER
HFF Senior Managing Director
(303) 515-8000

JOSH SIMON
HFF Managing Director
(303) 515-8000

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

Marcus & Millichap Arranges $445,000 Sale of 8,050-SF Dollar General Site in Eden, NY


Dollar General, an 8,050-square foot
 net-leased property,

 8229 North Main Street, Eden, NY, 
EDEN, NY – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Dollar General, an 8,050-square foot net-leased property in Eden, NY, according to Grant Fitzgerald, sales manager of the firm’s Tampa office. The asset sold for $445,000.

Daniel Hurd



Daniel Hurd, senior investment advisor and Cole Skinner, investment advisor in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, a private investor, was secured and represented by Michael Lombardi, Patrick Gray and Steven Schiavello, investment specialists in Marcus & Millichap’s New Jersey office Broker, Brian Hosey, assisted in closing this transaction.

“We are seeing most investors place an emphasis on long term security right now and with only a few years remaining on the Eden lease term, we had to be very particular about targeting a buyer for this deal," said Hurd.

Cole Skinner
 "Furthermore, Marcus & Millichap’s national platform allowed us to procure a local buyer who was not only comfortable with the shorter lease but also the location.

"We were under contract after only 10 days on market, navigated through a short due diligence period, ultimately closing the deal in approximately 60 days.

"The Seller was pleased to cash out, after owning this asset for many years, and intends to move on to higher yielding investment opportunities in the region,”

Grant Fitzgerald
Dollar General is located at 8229 North Main Street in Eden, NY.  The building consists of 8,050 square feet and has only been occupied by Dollar General since the commencement of the building.

 Dollar General has shown commitment to the location by exercising the option period with the scheduled increase in rent. 

Landlord responsibilities are limited to roof, structure and parking lot and tenant reimburses for Real Estate taxes, insurance and common area maintenance. 

Michael
Lombardi
           The store is positioned on US Route 62 which sees heavy traffic counts and the surrounding area has ideal demographics for Dollar General as the three-mile population exceeds 6,000 people and the one-mile median household income exceeds $71,000.

This location is also surrounded by multiple notable tenants including Tim Horton's, USPS, NAPA Auto Parts, Rite Aid and Dairy Queen.




CONTACTS:


Whitney Davis
Marketing Coordinator
Marcus & Millichap
201 North Franklin St.
Suite 1100
Tampa, FL 33602
(813) 387-4700 main
(813) 387-4743 direct
(813) 387-4710 fax
whitney.davis@marcusmillichap.com



HFF announces sale of Houston, TX retail strip center


Normandy Shopping Center, a 44,297--SF, 98% leased retail strip center in northeast Houston, TX
                                                                          Photo by Mabry Campbell

HOUSTON, TX –– HFF announces that it has closed the sale of Normandy Shopping Center, a 44,297-square-foot retail strip center that is 98.1% leased and shadow anchored by a Kroger store in the northeast part of Houston, Texas.

Ryan West
HFF marketed the property for the seller, Williamsburg Enterprises Limited.  A private investor purchased the asset. 

Situated on 6.07 acres at 12620 Woodforest Boulevard, Normandy Shopping Center is at the intersection of Woodforest Boulevard and Normandy, which sees a combined traffic count of nearly 40,000 vehicles a day. 

The center is one mile north of Interstate 10, one of Houston’s busiest freeways, and more than 106,000 residents live within a three-mile radius of the center, which represents an 11% growth since 2010. 

Shadow anchored by Kroger, Normandy Shopping Center is one of only two nationally recognized grocery-anchored centers in the immediate trade area. 

 The center is 98.1% leased to a diverse mix of internet-resistant tenants, including Zachry Construction, Texas Children’s Urgent Care, GNC, Pink Nails, Wing Stop, Rodeo Dental, Dominos and Woodforest National Bank.

John Indelli
HFF’s investment advisory team representing the seller was led by senior managing director Ryan West, director John Indelli and analyst Johnny Kight. 

“Houston retail properties continue to be highly sought after, as investors are taking note of the market’s strong retail fundamentals and attractive financing options,” Indelli said.

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

About Williamsburg Enterprises Limited

Since 2009, Williamsburg Enterprises has invested in more than 100 unique opportunities across the United States.  Williamsburg is a fully integrated real estate investment firm specializing in acquisition, development, management and leasing. 

Johnny Kight
The company frequently invests along with its existing partners and with proven leaders who have demonstrated an ability to excel in their respective fields. 

While the majority of the company’s holdings are located in Texas, Williamsburg continuously evaluates opportunities in other states.  










CONTACTS:

RYAN WEST
TX Lic. #478560
HFF Senior Managing Director
(713) 852-3500

JOHN INDELLI
TX Lic. #696391
HFF Director
(713) 852-3500

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

Saturday, June 29, 2019

HFF expands its debt and equity placement team with addition of Jillian Mariutti as a director in its New York office


Jillian Mariutti
NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its debt and equity placement team with the addition of Jillian Mariutti as a director within its New York office.

Ms. Mariutti has more than 12 years of commercial real estate experience and joins HFF from Mission Capital Advisors, where she was a director on the debt and equity financing team. 

Prior to Mission Capital, she worked at JCRA Financial LLC as the Head of Real Estate North America and was responsible for providing foreign exchange and interest rate risk management services to real estate clients. 

Michael Gigliotti

Ms. Mariutti began her career at Wells Fargo where she was a vice president on the interest rate derivatives desk servicing Public REITS, multifamily, gaming and hospitality finance clients.

Through the course of her career, Ms. Mariutti has received numerous industry recognitions, including being named one of the Top Ten Women to Watch in Real Estate in 2018 by Sokal Media; one of Real Estate Weekly’s Leading Ladies in 2018; one of New York’s Power Women 2018 by Bisnow and as a 2014 Rising Star by the Women’s Bond Club of New York. 

 Ms. Mariutti graduated Summa Cum Laude with a Bachelor of Science degree in Mathematics from the University of Pennsylvania. 

“HFF is always looking to strategically grow the New York City office with individuals that are a cultural fit and that share in our passion of being the most trusted real estate capital markets advisor in the industry,” said Michael Gigliotti, senior managing director and co-head of HFF New York. 

 “Jillian is an example of such a person, and we are pleased to have her as a part of the capital markets team.”
global commercial real estate industry." 


CONTACTS:

MICHAEL GIGLIOTTI
HFF Senior Managing Director
(212) 245-2425

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


HFF announces $4.3 million sale-leaseback of single-tenant industrial facility near Charlotte, NC


Tracey Goo

CHARLOTTE, NC –– HFF announces the $4.3 million sale-leaseback of a 110,000-square-foot industrial facility that is triple net leased to Keywell Metals in the suburban Charlotte community of Matthews, North Carolina. 

Maxx Carney
The HFF team represented the seller, Prophet Equity, a Southlake, Texas-based private equity firm that acquired Keywell Metals in 2014.  AIC Ventures purchased the asset. 

The facility is the mission-critical processing facility and headquarters for Keywell Metals, a metalworks company that is a leading supplier of recycled titanium, high-temperature alloys and stainless steel. 

Situated on 7.45 acres at 1035 Commercial Drive, the facility is in Matthews, one of Charlotte's most densely populated and well-established residential suburbs. 

The property is adjacent to a CSX rail line and has immediate access to Interstate 485, a major loop encircling Charlotte, and U.S. Route 74, a main artery connecting Ashville, Charlotte and Wilmington. 

Kenny Cutler
Additionally, it is 22 miles from Charlotte Douglas International Airport and 7.2 miles from Charlotte-Monroe Executive Airport.

The HFF investment advisory team representing the seller was led by directors Tracey Goo and Maxx Carney, associate Mike Massardo and real estate analyst Kenny Cutler, along with senior managing director Christopher Norvell.

“The Matthews facility is a very strategic location for Keywell, and it is critical for their business operations that they remain at the property in a long-term lease with renewal options,” Goo said. 

Chris Norvell

“We anticipate we will continue to see more and more sale-leaseback transactions nationally, as corporate owner/users of well-located facilities seek to take advantage of investors’ strong appetite for industrial product.”

“The Matthews facility is a key part of the Keywell strategy for growth and delivery of value to our customers,” said David Rex, managing director and general counsel for Prophet Equity. 

“With HFF’s deep expertise and business-focused guidance, Keywell was able to successfully execute a very complicated sale-leaseback transaction on market-based terms.  We couldn’t be more pleased.”

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

CONTACTS:

TRACEY GOO
HFF Director
(310) 407-2100

CHRISTOPHER NORVELL, SIOR
NC Lic. #240226
HFF Senior Managing Director
(704) 526-2800

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



Southern Lodging Summit Announces Full Speaker List for 17th Annual Conference Aug. 27- 28 in Memphis, TN


Chuck Pinkowski
 MEMPHIS, TN—Officials of the Southern Lodging Summit, an annual gathering of hoteliers specializing in development and operations in the southern United States, announced the full speaker roster for its annual conference running August 27-28, 2019, in Memphis, Tenn.

Mark Woodworth
“We have gone to great lengths to not only feature some of the industry’s best and brightest on our panels, but to also find newer voices that you may not have heard from at other events,” said Chuck Pinkowski, owner of Pinkowski & Company and conference co-founder. “It is important for our attendees to hear different perspectives from different voices than typically make up the hospitality conference circuit.”
Jon Timmons

Following an opening day with lunch at the world famous Rendezvous and dinner at the Peabody Hotel, Day Two kicks off with an overview of industry trends and predictions by STR COO Jon Timmons and CBRE Hotels’ Americas Research Senior Managing Director Mark Woodworth.  
Stephanie Ricca

Rick Pastorino, ISHC, president, REVPAR International, will then give a CapEx presentation before Hotel News Now Editorial Director Stephanie Ricca leads a discussion on national and state legislative issues featuring a panel of Brian C. Crawford, Executive Vice President of Government Affairs, AHLA; Chirag Shah, Vice President Government Affairs at AAHOA; and Rob Mortensen, Chief Executive Officer of Hospitality Tennessee.

Jane Cooper
Attendees then will hear from Roger Dow, President & CEO, US Travel Association, as he discusses travel to and from the U.S. 


Mary Beth Cutshall
 The Visionary Viewpoints panel will follow, moderated by Isaac Collazo, vice president of competitive intelligence, IHG, and featuring Jane Cooper, President & COO, Herschend Family Entertainment; Mary Beth Cutshall, Senior Vice President Chief Development Officer, Hospitality Ventures Management Group; and Dianna Vauhan, Global Head, All Suites Brands, Hilton.

Dianna Vauhan

Just prior to lunch, Kim Bardoul, ISHC, Partner, The Highland Group, will lead a discussion called, “Unbranding the Brands,” with Mark Chase, Vice President – Real Estate & Development, Hyatt Hotels Corporation; John Keeling, Executive Vice President, Valencia Group; and Jeff McIntyre, Partner and President, Benchmark.  

Kim Bardoul

 Keynote speaker Jeff Higley, president, the BHN Group, will conclude the day.
Celebrating its 17th year, the Southern Lodging Summit was co-founded by Pinkowski & Company, an independent hotel industry consulting firm headquartered in Memphis, and Metropolitan Memphis Hotel & Lodging Association.
Jeff Higley
The hospitality industry event brings together hotel professionals who target the southern and mid-south region of the United States for development and operations.  
The annual event draws a diverse group of owners, operators, sales executives, financial institutions, architects, attorneys, and hotel company representatives.

CONTACTS:

PATRICK DALY
OFFICE MANAGER
DALY GRAY PUBLIC RELATIONS, INC.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289



      Chris Daly, media
      (703) 435-6293
      chris@dalygray.com

Title Insurance Firm Proper Title, LLC, Announces New Account Executives – Promotes Dawn Wheatland And Hires Stacey Gore



Dawn Wheatland

CHICAGO, IL – Proper Title, LLC, the Palatine, Ill.-based title insurance agency serving the residential and commercial real estate industries announced it has promoted Dawn Wheatland to account executive from sales coordinator and hired Stacey Gore as an account executive.

Stacey Gore
“May was a record-breaking month for Proper Title closings, and our year-to-date growth is up 18% over the same time last year,” said David Zawadzki, vice president of business development at Proper Title.

 “Dawn and Stacey are industry veterans that exude enthusiasm and attention to detail. They truly support our goal of excellent customer service as our firm continues its rapid growth.”

David Zawadzki
 Wheatland moves up to her role as account executive after joining Proper Title’s Oak Brook office last year as a sales coordinator. Her past experience as a real estate broker and an investor flipping houses lends to her strong pulse on the local real estate market.

Previously, she spent nearly two decades working in sales and fundraising, including co-chairing a local non-for-profit, No Frills Fun Run that has raised more than $225,000 over the past six years.

Kim O'Donnell
“Dawn’s enthusiasm and her dedication to making every closing run smoothly have notably helped grow our presence in the Oak Brook market,” said Kim O’Donnell, vice president of business development. “We’re thrilled to recognize her efforts with this well-deserved promotion.”

Gore joins Proper Title after a 10-year tenure as a real estate broker focusing on Chicago’s Gold Coast and surrounding neighborhoods. As an account executive, she will focus on growing the firm’s business in Chicago’s Loop and North Side. Gore has a bachelor’s degree from the University of Kansas and a background in high net worth management.

“We’ve seen firsthand Stacey’s commitment to guiding her clients through every step of the buying, selling or leasing process, which is exactly the kind of customer care we provide at closings,” said Zawadzki.

 “Bringing someone on board with Stacey’s level of knowledge of Chicago’s luxury housing market will ensure we maintain our excellent customer service as our closing volume increases.”



CONTACTS: 

Paula Widholm, pwidholm@taylorjohnson.com, (312) 267-4525
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

propertitle.com.

HFF secures financing for Waterside at Mason Apartments in suburban Houston, TX

Cortney Cole

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has secured acquisition financing for Waterside at Mason, a 246-unit, Class A apartment community in the West Houston suburb of Richmond, Texas.

HFF worked exclusively on behalf of the borrower, Hilltop Residential, to arrange the five-year, fixed-rate loan with interest-only payments through a life company correspondent lender.

Waterside at Mason, a 246-unit, Class A apartment community
in the West Houston suburb of Richmond, TX

Waterside at Mason is located at 1901 Waterside Village Drive in Richmond and is zoned to the Fort Bend Independent School District. 

Completed in 2017, the 6.6-acre property offers access to Texas State Highway 99 (Grand Parkway) and the Westpark Tollway, as well as major employment and retail drivers in Sugar Land, Katy, the Energy Corridor, Westchase and the Galleria/Uptown District. 

Jeff Lucia
Units include a mix of one- and two-bedroom units averaging 867 square feet. Community amenities include a resort-style pool, fitness center, resident clubhouse with conference room, recreation room with billiards, in-unit washers and dryers, walk-in closets and patios or balconies.

The HFF debt placement team representing Hilltop Residential was led by managing director Cortney Cole and analyst Jett Lucia.


CONTACTS:

CORTNEY COLE
HFF Managing Director
(713) 852-3500

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

www.livehilltop.com.

HFF closes sale of infill shopping center in Raleigh, NC

Justin Good

CHARLOTTE, NC –– HFF announces the sale of 601 Midtown, an approximately 70,000-square-foot retail center anchored by Lifetime Fitness and located inside the beltline in Raleigh, North Carolina. 

The HFF team represented the seller, a private investor.  The property was acquired by an affiliate of Ram Realty Advisors.  The new owner plans to renovate the center and develop additional retail outparcels on the site.

The approximately 70,000-square feet of retail space is currently 100% leased to an assortment of tenants, including Lifetime Fitness, Applebee’s, Papa John’s, Jimmy John’s and more. 

Situated at 601 East Six Forks Road, the site is located between downtown Raleigh and North Hills and proximate to major employment and retail destinations. 

Jeff Glenn
Additionally, it is adjacent to Midtown East, an iconic 173,000-square-foot future Wegman’s-anchored development with a curated mix of shops, restaurants and service users.

The HFF investment advisory team representing the seller consisted of managing directors Justin Good and Jeff Glenn; senior director Alan Lynch; and directors Sarah Godwin, Tom Kolarczyk and Caylor Mark.

“This is an exceptional opportunity to own a highly sought-after corner location in a thriving retail corridor,” Kolarczyk said.  “We look forward to seeing Ram Realty Advisors’ long-term vision unfold in Raleigh and how synergies from the retail evolution in this area – like Wegman’s – are realized.”

Sarah Godwin
“This is a great time to bet on well-located retail, and 601 Midtown certainly checks that box,” Good added.

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

Allan Lynch
About Ram Realty Advisors

Ram Realty Advisors acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast.

The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles.  Since 1996, Ram has deployed in excess of $2.8 billion of capital. 

The company’s assets are primarily operated by its management affiliate — 5/ten Management.  Ram and its predecessor entities were founded in 1978. 

The company is headquartered in Palm Beach Gardens, Florida, and has offices in Fort Lauderdale, Charlotte, Chapel Hill and Nashville. 

Tom Kolarczyk


CONTACTS:

JUSTIN GOOD
NC Lic. #261333
HFF Managing Director
(704) 526-2800

SARAH GODWIN
NC Lic. #270966
HFF Director
(704) 526-2800

THOMAS KOLARCZYK
NC Lic. #276931
HFF Director
(704) 526-2800

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

hfflp.com or follow HFF on Twitter @HFF.