Monday, January 28, 2019

Crossman & Company Lands Churchill Square Assignment in Ocala, FL

Rochelle DuBrule
OCALA, FL (Jan. 28, 2019) -- Crossman & Company, the Southeast’s premier retail leasing, property management and investment sales firm, has announced it’s now leasing and managing Churchill Square in Ocala, Fla.

Senior Leasing Associate Rochelle DuBrule and Senior Vice President of Client Services and Operations Marc Cook finalized the new assignment at 303 SE 17th St. in Ocala, Fla.

Marc Cook
“The Ocala retail market is strong and always adapting to meeting consumer demand. Churchill Square offers the products and services with a convenient shopping experience,” noted Cook.

The experienced Crossman & Company team continues to show the ability to fill retail centers with desirable brands and tenants.

Churchill Square, Ocala, FL
Churchill Square is located minutes from Historic Downtown Ocala and in the heart of Central Florida’s finest medical institutions including Florida Hospital Ocala and Ocala Regional Medical Center.

Current tenants in the 118,848 square foot Publix anchored shopping center include Hair Cuttery, Quest Diagnostic and Huntington Learning Center along with a neighboring Ocala Ale House and Longhorn Steakhouse.

Crossman & Company is one of the Southeast’s leading commercial real estate firms focused on serving retail landlords exclusively throughout Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.

With offices in Atlanta, Ga., Orlando, Tampa, Miami and Boca Raton, Fla., and Charlotte, N.C., the firm represents more than 400 shopping centers and 28 million square feet under lease and/or management.

For more information contact Rochelle DuBrule at (404) 581-6248 or or visit


Mike Bonts
Public Relations | Brand Development | Content Marketing
(904) 424-6641

Former Steadfast Companies Executives Launch 3G Capital Advisors in Irvine, CA

Christopher Hilbert

IRVINE, CA – Commercial real estate investment and financial services industry veterans Christopher Hilbert and R. Kyle Winning, announced the launch of  3G Capital Advisors, LLC, a boutique advisory firm focused on developing creative capital solutions.

“3G Capital Advisors leverages our years of successful institutional and retail fundraising experience by bringing debt, equity and operating partners together to deliver innovative investment products and strategies,” said Hilbert, who serves as the firm’s chief executive officer.

R. Kyle Winning

“Our deep knowledge of the financial services and commercial real estate industries, coupled with our ability to develop creative investment vehicles, allows us to provide our clients with unique and beneficial capital solutions.”

 Co-founder Winning, who serves as 3G’s president and chief strategist, focuses on economic, finance and real estate analytics to provide product-specific recommendations to the firm’s partners.

Winning has more than 30 years of experience in multifamily investment and management involving over 50,000 units across the United States, equally divided between affordable and market rate product.

 For 15 of his 30 years in the multifamily space, Winning was a principal and managing director of the multifamily division of Steadfast Companies, as well as the firm’s chief investment officer.


Lauren Burgos
Damon Elder
Spotlight Marketing Communications
Spotlight Marketing Communications

HFF announces $15.1 million financing for suburban Denver, CO multi-housing community

Advenir at Del Arte Townhomes, a 94-unit multi-housing community in Aurora, CO
DENVER, CO – Jan. 28, 2019  Holliday Fenoglio Fowler, L.P. (HFF) announces $15.1 million in financing for Advenir at Del Arte Townhomes, a 94-unit multi-housing community in Aurora, Colorado.

Eric Tupler
The HFF team worked on behalf of the borrower, Advenir, Inc., to secure the seven-year, fixed-rate loan through Freddie Mac’s Green Up Program.
The securitized loan was used to refinance existing floating-rate debt on the property, and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

  The refinance was a continuation of the borrower’s strategy to mitigate interest-rate risk amid the current rising rate environment. 

The borrower was able replace their existing 5.15 percent, floating rate at closing with a 4.25 percent, seven-year fixed rate.  The fixed-rate conversion took the ongoing LIBOR adjustment risk off the table and ultimately provided the borrower with a reduction in the all-in rate with additional interest-only amortization.

Advenir at Del Arte Townhomes is located at 11135 E. Alameda Avenue, which offers nearby access to Interstates 25, 225 and 70. 

The property’s 94 townhome-style units are 93 percent occupied and comprise a mix of one- and two-bedroom layouts and features, including attached garages, washers and dryers, and spacious entertainment kitchens. 

Josh Simon
 The property shares common area amenities with neighboring Advenir at Del Arte, a 351-unit community with a variety of loft- and flat-style units.

The HFF team representing the borrower included senior managing director Eric Tupler and managing director Josh Simon.


HFF Senior Managing Director
(303) 515-8000

HFF Managing Director
(303) 515-8000

HFF Public Relations Specialist
(713) 852-3500

HFF announces $8 million sale and $4.8 million financing of Orlando, FL neighborhood retail center

Village Shoppes at  Altamonte, Altamonte Springs, FL

ORLANDO, FL, Jan. 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $8 million sale of and $4.8 million acquisition financing for the Village Shoppes at Altamonte, a 35,381-square-foot, fully leased retail strip center in the Orlando-area community of Altamonte Springs, Florida.

The HFF team marketed the property on behalf of the seller, Pacific West Land. 

Derek Waltchack
 A fund sponsored by Shannon Waltchack, a Birmingham-based owner operator, purchased the center. 

Additionally, working on behalf of the new owner, the HFF debt team placed an eight-year, non-recourse acquisition loan with Continental Casualty Company, a subsidiary of CNA Financial Corporation.

Village Shoppes at Altamonte is situated on 6.1 acres at 249 West SR 436 in the dominant retail trade area of Altamonte Springs, which is located eight miles north of downtown Orlando. 

With direct frontage on SR 436, the center is exposed to more than 60,000 vehicles per day.  The recently renovated Village Shoppes at Altamonte is 100 percent leased to a variety of tenants, including International Diamond Center, Skyra Performing Arts Center, Copacabana Cuban CafĂ©, Antica Pizzeria, Cookie Dough Bliss and Spa Touch Dentistry.

Joey Azar
The HFF investment advisory team representing the seller included senior managing director Brad Peterson, senior director Whitaker Leonhardt and analyst Tommy Isola.

The HFF debt placement team representing the new owner consisted of managing director Rebecca Van Reken.

“Village Shoppes at Altamonte is ideally situated in the heart of the thriving SR 436 retail corridor and has greatly benefitted from the I-4 Ultimate Project, nearby road improvement projects and surrounding infill redevelopments introducing new hotels, apartments and office buildings,” Leonhardt said. 

Rebecca Van Reken
“The financing of Village Shoppes at Altamonte demonstrates that there remains a wide variety of debt alternatives available for well-occupied retail centers,” Van Reken added.  “This non-recourse loan was creatively tailored to match the specific needs of our client and their business plan.”

Brad Peterson
Shannon Waltchack has recently raised a fund, SW Neighborhood Centers (SWNC), to acquire unanchored neighborhood centers in affluent and dense communities across the southeast with a diverse mix of e-commerce resistant tenants.

“We have $75 million dedicated to finding small, unanchored neighborhood centers like Village Shoppes,” stated Derek Waltchack, a founder of Shannon Waltchack.   

“In 2019 we’d like to buy two to three more centers in Orlando” said Joey Azar, Shannon Waltchack managing director, who overseas acquisitions, financings and dispositions for the fund.

HFF recently announced the closing of three other Orlando-area retail centers, Marketplace at Seminole Towne CenterThe Fountains at Bay Hill and International Drive Value Center in addition to the sale and financing of The Shoppes of Lake Mary last spring.

Whitaker Leonhardt
With an experienced eye and a disciplined, mathematical approach, Pacific West Land researches, analyzes, and invests in real estate across the United States. 

Comparing real estate values across different regions, Pacific West Land identifies inefficiencies as real estate markets react to economic cycles and respond to changes in local conditions.

This translates to an ability to change with the times, adapting investment strategies as new opportunities occur.  Visit to learn more.

A full service commercial real estate firm, Shannon Waltchack manages, brokers, develops, and acquires property across the Southeast.

Since its inception in 2005, Shannon Waltchack has closed more than $1.4 billion in real estate transactions and manages a diverse portfolio that includes more than 80 properties spanning five states and over three million square feet.

Shoppes of Lake Mary, Lake Mary, FL
For more information, please visit

CNA is one of the largest U.S. commercial property and casualty insurance companies. 

CNA provides a broad range of standard and specialized property and casualty insurance products and services for businesses and professionals in the U.S., Canada and Europe, backed by 120 years of experience and approximately $45 billion of assets. 

For more information about CNA, please visit their website at


FL Lic. # BK3162030
HFF Senior Managing Director
(407) 745-3900

FL Lic. # SL3221137
HFF Senior Director
(407) 745-3900

HFF Managing Director    
(407) 745-3900

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

Suzanne Echols
(205) 868-3807

Stos Partners Adds Industry Veteran Jay Boyle to Expanding Institutional-Focused Investment Platform

Jay Boyle
San Diego, CA (Jan. 28, 2019) – Stos Partners, a privately held commercial real estate investment and management firm, has launched a new investment initiative focused on the interests of institutional investors. 

The new venture will augment the company’s existing private capital investment platform, through which the firm has transacted on more than $280 million in commercial properties in the past 12 months.

“Growing our platform to more institutional capital and expanding our geographic footprint is the natural next step in our company’s growth,” says CJ Stos, Principal of Stos Partners. 

CJ Stos
“We recently acquired our first asset outside of Southern California – an $88 million, 1,350,000 square-foot multi-tenant industrial portfolio in the U.S. border city of Laredo, Texas.

"This new investment initiative will continue that momentum and position us to leverage larger acquisition opportunities in high-growth markets throughout the U.S.”

To spearhead its new institutional investment initiative, Stos Partners has added veteran commercial real estate expert Jay Boyle to its team.

“Jay brings extensive top-of-the-market institutional experience to our firm,” says Stos. “He possesses deep transactional knowledge and strong institutional ties that will enable us to develop stronger capital relationships in the industry, which will be pivotal in our firm’s continued expansion.”

Boyle honed his transactional skills as a broker for over a decade, followed by five years as a Principal. As Vice President of Acquisitions for Locale Advisors, he oversaw all acquisition, financing, disposition, and joint-venture activities and directed the procurement of nearly $315 million in Class A and creative office assets. 

Prior to Locale Advisors, Boyle served as Vice President of Equity Sales for Eastdil Secured, where he facilitated nearly $2 billion in office and industrial sale transactions totaling more than 5.6 million square feet.


Micaela Fehrenbach/ Jenn Quader
(949) 955-7940

$5.9 Million Cash-Out Nonrecourse Loan Arranged by MMCC in Miami, FL

23 Palms Multifamily Tower, Edgewater submarket, Miami, FL

MIAMI, FL – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $5.9 million nonrecourse loan with a government-sponsored enterprise to refinance 23 Palms, a 42-unit multifamily property located in the Edgewater submarket of Miami, Florida.

Robert Bhat
The loan included cash-out to the borrower.

“Situated within a highly desirable location, 23 Palms is a well-managed property that maintains excellent occupancy,” said Robert Bhat, vice president capital markets in MMCC’s Miami office. 

“We were able to take advantage of the low-rate lending environment to secure 4.65 percent for 10 years with three years of interest-only.” 

Ari Ravi
Regional Manager, Tampa
(813) 387-4700

Daniella Aragon
Marketing Coordinator
Marcus & Millichap
5201 Blue Lagoon Drive
Suite 100
Miami, FL 33126
(786) 522-7000 main
(786) 454-0094 mobile
(786) 522-7010 fax

Marcus & Millichap Arranges $1.8 Million Sale of 16-Unit Tropic Aire Apartments in St. Petersburg, FL

Tropic Aire Apartments, St. Petersburg, FL

 ST PETERSBURG, FL, Jan. 28, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Tropic Aire Apartments, a 16-unit apartment property located in St Petersburg, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office.

 The asset sold for $1,800,000.

Joshua Teplitzky
Joshua Teplitzky, First Vice President of Investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

Tropic Aire Apartments is a 16-unit apartment community located in the city of St. Petersburg, Florida which is in Pinellas County.

 Built in 1951, all 16 of the units have individual air conditioning and radiant heating, the building sits on a total of 0.19 approximate acres of land, across one parcel. Amenities includes on-site laundry and a picnic area with a grilling station.

“Tropic Aire Apartments is well located in the Old Northeast of St. Petersburg and consists of all studio floor plans. In the first two weeks of marketing, we drove a full price offer from a buyer out of Southwest Florida.

"We were able to sell the property at a 5.58% capitalization rate and $250 per square foot, once again demonstrating our ability to set the bar higher on metrics for properties in prime locations with walkability to the Urban Core,” concluded Teplitzky.


Ari Ravi
Regional Manager, Tampa
(813) 387-4700