Monday, March 11, 2019

HFF announces £108 million ($143 million U.S.) financing of 127 Kensington High Street in London

127 Kensington High Street, in the royal borough of Kensington and Chelsea, London. 

LONDON, ENGLAND, March 11, 2019 HFF Real Estate Limited (HFF) announces the £108 million (U.S $142,743,816) bilateral acquisition and refurbishment financing of 127 Kensington High Street, a marquee 127,000-square-foot, mixed-use project in the royal borough of Kensington and Chelsea, London. 

The HFF team worked on behalf of AshbyCapital.  The financing was provided by a global investment bank.   

Currently a neglected 1970s monolithic brutalist structure, 127 Kensington High Street will be fully transformed into one of the premiere office and retail assets in the area.  

Claudio Sgobba

Included in the acquisition is the adjacent retail arcade, which serves as the entrance to the High Street Kensington underground station.  The project is ideally situated between Holland Park and Kensington Gardens and proximate to Equinox, Whole Foods Market and other key local amenities. 

The HFF debt placement team representing the borrower was led by managing director Claudio Sgobba and director Andrew Hornblower.

“It is always a gratifying result to bring together a new borrower-lender relationship,” Sgobba said.

“We are confident that AshbyCapital and the lender are an outstanding fit and will have a longstanding go-forward partnership.  It was a pleasure working alongside Charles Lawrence, AshbyCapital’s investment director, to close an attractively priced and flexibly structured facility that is ideally suited for their business plan.”
Andrew Hornblower

“There is excellent synergy between all parties involved, and we are very pleased with the outcome,” Hornblower added.  “It was a competitive lender selection process with flexibility, pricing and surety of execution, all playing a role in the ultimate decision.  

"We very much look forward to watching AshbyCapital lengthen their already impressive London track record of creating special, generational assets.”

“Prime freehold development opportunities are increasingly rare in central London and we are delighted at the prospect of delivering best-in-class office and retail space to Kensington,” Lawrence said.  “This financing validates our enthusiasm for this unique project and frees up further capital for us to deploy as we look onwards to the next opportunities.”

Charles Lawrence

About AshbyCapital

Founded by Peter Ferrari in 2013, AshbyCapital is a property investment advisory business with a £1bn+ portfolio.  The company invests across a range of risk-return strategies across the U.K., with a particular expertise in Central London.

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. 

Peter Ferrari
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 or follow HFF on Twitter @HFF.


HFF Managing Director
44-020 7509 6700

HFF Director
44-020 7509 6700

HFF Digital Content/Public Relations Specialist
+1 (713) 852-3420

HFF secures financing for 168 Plymouth in DUMBO, Brooklyn

168 Plymouth Street condominiums rendering,
 DUMBO, Brooklyn, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured joint venture equity and construction financing for the development of 168 Plymouth Street, a 46-unit boutique condominium conversion located on the southwest corner of Plymouth and Jay Streets in DUMBO, Brooklyn.

Kristen Knapp

HFF worked on behalf of the developer, Alloy Development, to arrange a joint venture with The Davis Companies.  Working on behalf of the new partnership, HFF also secured construction financing from Bank OZK.

Christopher Peck

168 Plymouth will be situated in the heart of DUMBO and down the block from its 85-acre waterfront park.  168 Plymouth will include lofts, townhouses and penthouses.  

Residences will feature modern industrial design, which will both honor the history of the neighborhood and the building itself.  The project connects two of Dumbo’s last remaining classic industrial loft buildings to be developed into a single address.  

David Giancola
The distinct styles of the two original buildings, one brick-and-timber and the other concrete with daylight factory windows, will be preserved in the design of the residences.

168 Plymouth marks Alloy’s 5th project in Dumbo.  The firm’s other award-winning projects in the neighborhood include 192 Water Street, 185 Plymouth Street, Dumbo Townhouses and One John Street.

The HFF debt and equity placement team included managing directors Christopher Peck, David Giancola and Jeff Julien, senior director Peter Rotchford and analyst Kristen Knapp.

“The thoughtful aesthetic and community focus that Alloy brings to development has helped transform DUMBO into the neighborhood it is today,” Peck said.  “It was a privilege to work with them to help identify the optimal capitalization as they add to their legacy of transformative projects in the area.”

Jeff Julien

About Alloy Development

Alloy is a real estate development company working in New York City.  Alloy’s belief in making great architecture guides its practice.  

With over $1.6 billion in projects completed or in development since 2006, the company has established itself within the industry as thought leaders for its comprehensive approach to development.

  Integral to Alloy’s approach is the celebration and support of the communities in which it works through direct engagement and collaboration.  For more information, visit

Peter Rotchford

About The Davis Companies

The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $4 billion in gross asset value through real estate equity, debt, and fixed-income securities.  

A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities.  

Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet of office, multifamily, retail, hospitality, light industrial, healthcare and bioscience properties across the Eastern United States.  

For further information, please visit


NY Lic. #40PE1175637
HFF Managing Director
(212) 245-2425

HFF Public Relations Specialist
(713) 852-3403

Lakeside Village of Oakbrook, IL Redefines Luxury Rental Living: Now Open and Leasing

Lakeside Village exterior construction view, Oakbrook, IL

Oak Brook, IL -- Lakeside Village is nestled in a beautiful and serene setting of woods and prairie, and yet only a few minutes from world class dining, shopping and entertainment.

With access to major highway arteries within a couple miles, these conveniences only begin the discussion on this remarkable new apartment development in one of DuPage County's most prestigious places to live.

Alex Zdanov

Alex Zdanov, Interforum Holdings, Inc. CEO, President and Founder, states:

"It was our mission to create a rental community where, once people moved in, they never wanted to leave. According to the first tenants who have already moved into Lakeside Village of Oakbrook, we've done that."

Zdanov says, "This is a 'Lifestyle Property' more than simply a place to live. The amenities at Lakeside Village start from the moment you arrive at the property with indoor parking that allows you to park your car on the level you live.

"Depending on your space needs, 1 BR, 2 BR, 2 BR + Den, and 3 BR floor plans are ready for occupancy. 1 BR spaces from 884-1023 sq. ft., 2 BR from 1023-1343 sq. ft., 2 BR + Den 1555 sq. ft., and 3 BR at 1520 sq. ft. 2 BR and 3 BR apartments have 2 bathrooms. All spaces include balconies or patios."

Igor Blumin

Igor Blumin, Interforum Holdings, Inc. COO, Senior Vice President and Co-Founder, adds:

"There are many different and distinct floor plans available to choose from in this gorgeous new development. Lakeside Village is a brand-new development, meaning that you'll likely be the very first resident of your living space.

"These modern apartments have all stainless-steel appliances, full-size washers and dryers in every apartment, beautiful granite counters, spacious hardwood cabinets and stunning hardwood floors. The ceilings are high, the closets are large, and the view from your patio or balcony is one of nature and serenity."

Lakeside Village interior
Lori E. Solyom, public relations representative for Lakeside Village, says residents "will discover the amenities that begin entering the front door at Lakeside Village of Oakbrook. 

"From a beautiful lobby with an attendant on duty, the community enjoys great security with gated and controlled access to all entry points including the multi-story indoor parking garage.

"Lakeside Village also provides concierge service, a club house and dedicated party room, fitness center and free weight room, business center media room, full-size business conference Room and a cyber cafe. The entire building is ADA accessible."

Solyom adds, "Visiting Lakeside Village of Oakbrook may be the most lifestyle changing thing you can do. In the meantime, please visit

Call 630.932.4445 or email to arrange a personal tour of this brand new, luxury rental living community.

Interforum Holdings of Northfield, Illinois, is the developer of Lakeside of Oakbrook. McShane Construction is the contractor for the property. Financing for the project includes lead lender, CIBC Bank, as well as Heartland Bank, Leaders Bank. West Suburban Bank, Evergreen Bank, and Bradford Allen Capital.


Kevin Fitzpatrick

LGE breaks ground on The HUB at Goodyear, Az

Rendering of The Hub, a 790,980-SF Industrial Property 
at Goodyear, AZ

PHOENIX, AZ – Phoenix-based LGE Design Build, in partnership with Clarius Partners LLC, have broken ground on The HUB at Goodyear in Phoenix’s West Valley. 

Totaling 790,980 square feet, the project is designed to satisfy the strong demand for warehouse and e-commerce space in the West Valley submarket.

The HUB at Goodyear is being developed on a fully speculative basis. The development team has named JLL as the project’s exclusive leasing broker.

Mark R. Balcius

“Clarius Partners is excited to partner with LGE Design Build, JLL and the City of Goodyear to bring a Class A asset to the West Valley industrial market,” said Clarius Partners Vice President Mark Balcius. 

“We look forward to building a successful, long-lasting relationship with all of the stakeholders in this project as we pursue future opportunities in the market together.”

“The HUB at Goodyear applies our company’s deep industrial expertise on a property that will directly respond to the demand trends of our hometown market,” said LGE Principal Ben McRae.


Stacey Hershauer
P 480.600.0195

Arbor Funds $2.8 Million Freddie Mac SBL Deal in Carson, CA

Eugene Yanovskiy

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac SBL deal in Carson, CA. Sky South Bay, a 13-unit multifamily property, received $2.8M in funding through the program with a five-year hybrid term.

Eugene Yanovskiy of Arbor’s New York City office originated the loan.

Sky South Bay Apartments, Carson, CA
“This Freddie Mac SBL execution allowed the borrowers to remove their expensive construction debt on their recently stabilized asset with a great permanent loan,” said Yanovskiy. “The newly built, luxury boutique property is in a prime location and offers residents a relaxed and chic lifestyle in the South Bay region.”

Built in 2018, Sky South Bay offers Studio+, 1BR and 2BR residences with private patios or rooftop decks. Interior amenities include designer kitchens featuring quartz countertops and stainless steel appliances; central heating and air conditioning; in-unit washers and dryers; and secure on-site parking.

The property is within an easy commute to downtown Los Angeles, UCLA Medical Centerand LAX.


Bina Handa
Tel: 516.506.4229

Marcus & Millichap Brokers $5.35 Million Sale of 29,205-SF Eco Centre in Lake Worth, FL

Eco Centre, 1005 Lake Avenue, Lake Worth, FL
LAKE WORTH, FL – 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 Eco Centre, a 29,205 square-foot freestanding four-story office building in Lake Worth, Fla., according to Ryan Nee, first vice president / regional manager of the firm’s Fort Lauderdale office.

Todd Everett
The asset sold for $5,350,000.

“Eco Centre is a premier asset and this trade is indicative of the strong demand we are experiencing from users in high walkability areas and downtown micro-markets,” stated C. Todd Everett, first vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Eco Centre is located at 1005 Lake Avenue in Lake Worth.  The Property was developed in 2008 as a LEED Registered building with a wide variety of “Green” features. 

Eco Centre benefits from superb walkability and ease of proximity to the entertainment, retail, restaurant and nightlife of the thriving downtown.

Everett had the exclusive listing to market the property on behalf of the seller, a private investor. 


Stephanie Carten
Marketing Coordinator
Marcus & Millichap
5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
(954) 245-3477 direct
(954) 245-3400 main
(954) 245-3410 fax

HFF hires Bob Tonnessen as a director in its New York office

Robert Tonnessen

NEW YORK, NY, March 11, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Bob Tonnessen as a director focused on debt and equity placement transactions in its New York office.

Mr. Tonnessen joins HFF from Newmark Knight Frank where he was a director in their capital markets group where he helped execute and underwrite $10+ billion in financings in 2018.

Michael Gigliotti
  He has a wide range of experience in the industry financing all asset classes across the country and has held positions at LoanCore Capital and GE Capital Real Estate. 

Mr. Tonnessen graduated with a Bachelor of Business Administration degree in Finance and Marketing from Rochester Institute of Technology where he garnered Academic All-American honors in Lacrosse. 

“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.  “Bob is an example of such a person, and we are pleased to have him as a part of the team.”


HFF Senior Managing Director
(212) 245-2425

HFF Director, Public Relations
(617) 848-1572