Thursday, March 28, 2019

Marcus & Millichap Arranges Sale of 7,900-SF Cash America Pawn Site in Tampa, FL

Douglas Diffie
TAMPA, FLORIDA, March 28, 2019 – 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 Cash America Pawn, a 7,900-square-foot net-leased property located in Tampa, Florida, according to Craig R. Swanson, vice president/regional manager of the firm’s Austin, San Antonio, and New Mexico office.

Douglas Diffie and Landan Dory, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  

Landan Dory
The buyer, a limited liability company, was secured by Mr. Diffie and Mr. Dory Regional Manager, Broker, assisted in closing this transaction.

Cash America Pawn is located at 1901 E Hillsborough Ave in Tampa, Florida. 

Located in a rapidly growing area of Tampa, this Cash America has a pre-existing customer base of over 320,000 people in a five-mile radius, with nine percent growth per year.


Stephanie Carten
Marketing Coordinator
Marcus & Millichap
5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
(954) 245-3477 direct
(954) 245-3400 main
(407) 625-9793 mobile
(954) 245-3410

Levin Johnston Directs $20 Million Land Sale for Development of 60-Unit Townhome Community in Santa Clara County, CA

Adam Levin
SANTA CLARA COUNTY, CA  Levin Johnston of Marcus and Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $20 million sale of a 3.26-acre land parcel on which a 60-unit townhome community will be developed in Santa Clara County.
Adam Levin, Senior Managing Director of Levin Johnston represented the buyer, a local developer, as well as the seller, a high-net worth individual, in the transaction.
“Demand for for-sale housing in Bay Area submarkets is at an all-time high,” explains Levin. “Driven by robust economic growth and rapidly increasing employment, Bay Area residents need new, quality housing that is close to metro areas.”
Levin points to the extremely low 2.8 percent unemployment rate in the San Jose-Sunnyvale-Santa Clara MSA and the region’s increase of 7,600 jobs from January to February of 2019 alone as continue evidence of the need for new housing options.

Further, Santa Clara County is fueled by some of the largest tech hubs in the nation, including Intel, Fujitsu and Hitachi. The surrounding areas serve as headquarters to tech companies such as Apple, Google, Facebook, Tesla and Oracle, among others, all of which attract a strong workforce in need of housing.
 “Statewide, between 2011 and 2016, California only added 171 homes for every 1,000 people,” says Levin. “As the region’s growth increases exponentially, developers who can find developable land have a tremendous opportunity to create value for themselves and for the community as a whole. We are fortunate to have deep knowledge of this market’s dynamic intricacies and can help both buyers and sellers find strong opportunities like this one.”
The land parcel is currently occupied by 54 vacant mobile home units and is entitled for new development. The developer plans to deliver 60 three-story for-sale townhouses on the land.
Alex Caswell/Jenn Quader 
Brower Group
(949) 438-6262

WeWork continues growth with lease at 101 North in downtown Phoenix, AZ

101 North, 101 North First Avenue, Copper Square Area,
 Downtown Phoenix, AZ

PHOENIX, AZ – The Phoenix office of JLL has completed a lease at 101 North that will establish the first downtown Phoenix location for WeWork, an New York-based company providing shared workspaces for technology startup subculture communities and services for entrepreneurs, freelancers, startups, small businesses and large enterprises.

Ryan Bartos
WeWork will lease four full floors, with the option to take additional floors, at 101 North, a Class A office tower owned and managed by ScanlanKemperBard (SKB). 

It becomes WeWork’s third Valley location, joining recently announced leases for the company at Camelback Esplanade in Phoenix’s Camelback Corridor and Tempe Watermark in downtown Tempe.

JLL Executive Vice President Ryan Bartos, Managing Director Andrew Medley and Associate Kyle Seeger represented WeWork in the lease negotiations. 

JLL Managing Director John Bonnell, Executive Vice President Brett Abramson and Senior Vice President Chris Latvaaho represented SKB as the exclusive leasing brokers for 101 North.
Andrew Medley
The 101 North building is located at 101 N. First Ave. in downtown Phoenix’s Copper Square, at the southeast corner of First Avenue and Monroe Street. 

It sits adjacent to two Phoenix Metro Light Rail stops and is minutes from Interstate 10, Interstate 17, Piestewa Freeway and Sky Harbor International Airport.

As Arizona’s second tallest building, 101 North totals 359,256 square feet and 31 stories of Energy Star space, with a six-level covered parking garage and sweeping views of the city and surrounding mountains. 

A major 2017 renovation added a shared conference room for tenant use and a modern, upgraded lobby with multiple restaurant concepts including Friends, The Monroe, Mole, Bosa Donuts and Spoonz Café.

Opening for the new WeWork location is slated for fall 2019. The company will occupy space on the building’s 8th, 28th, 29th and 31st floors, with the option to expand to additional floors.

Kyle Seeger
“WeWork loved the ground floor amenity base and signage opportunities at 101 North,” said Bartos. 

“Thanks to recent renovations, the building also allows WeWork a quick speed to market – driven by the constantly increasing demand for coworking space – and as an added bonus has an 8th floor deck that will allow for a centralized indoor-outdoor amenity deck for WeWork members that is unlike any other in the downtown market.”

Additional amenities at 101 North include fiber connectivity, on-site concierge and property management.

 It is also within walking distance of the Phoenix Convention Center, Symphony Hall, Chase Field, Talking Stick Resort Arena and Comercia Theatre, and less than four miles from Phoenix Sky Harbor International Airport. Collectively, this gives the property a 96 percent walkability score.

John Bonnell
About WeWork

WeWork provides more than 400,000 members around the world with space, community, and services through both physical and virtual offerings. 

From startups and freelancers to small businesses and Fortune 500 companies, our community is united by a desire for our members to create meaningful work and lead meaningful lives—to be a part of something greater than ourselves.

 Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork is a privately held company with over 9,000 employees. 

Follow us @WeWork on Twitter, Instagram, and Facebook or visit to learn more. 

Brett Abramson

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions.

 In doing so, we will build a better tomorrow for our clients, our people and our communities. 

JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Chris Latvaaho
In Phoenix, JLL is a market leader employing more than 580 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. 

In 2017, the Phoenix team completed 35.7 million square feet in lease and sale transactions valued at $1.9 billion, directed $112 million in project management and currently manages a 24.2 million-square-foot portfolio. 

For more news, videos and research resources on JLL, please visit

JLL Contact: 

Stacey Hershauer
Phone: +1 480 600 0195

HFF closes sale of 26 West Broadway in South Boston, MA

26 West Broadway Apartments, South Boston, MA

BOSTON, MA – March 25, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of 26 West Broadway, a boutique Class A multi-housing property in South Boston, Massachusetts.

Adam Dunn
HFF represented the seller, Cincotta Companies, and procured the buyer, in the transaction.

Designed by Boston-based Utile, Inc. and delivered to the market in 2016, 26 West Broadway offers luxury residences in a mix of one-, one-bedroom with office, two-bedroom and penthouse units.  

High-end finishes include wide-plank hardwood flooring, white cabinetry with soft-close drawers, dimmable LED recessed lighting and gas ranges, among others.  

Residents of 26 West Broadway have access to a heated sub-grade parking garage and a private roof deck lounge. 

Worden Hall, a popular tavern, is located on the ground floor of 26 West Broadway.  

The property is located across the street from the MBTA’s Broadway Station offering subway access to downtown Boston and bus access to the South End and Back Bay.  

Christopher Phaneuf
Additionally, 26 West Broadway is within walking distance of numerous restaurants, coffee shops and retail offerings, including Whole Foods at the nearby Ink Block development. 

 This area of South Boston has witnessed a tremendous renaissance over the past 10 years and has transformed into a coveted area for residential and corporate users alike. 

The HFF investment advisory team representing the seller was led by director Adam Dunn and managing director Christopher Phaneuf.

“Continued positive market fundamentals in the South Boston multifamily submarket, combined with a strategic buyer, motivated the seller to capitalize on this opportunistic sale,” Dunn said.


MA Lic. #9553106
HFF Director
(617) 338-0990

HFF Director, Public Relations
(617) 338-0990

HFF closes three-property hotel portfolio in Greater Boston on behalf of Linchris Hotel Corp.

Holliday Fenoglio Fowler, L.P. (HFF) has closed a three-property, recently renovated hotel portfolio totaling 433 rooms in the Greater Boston area. 
The portfolio comprises the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth.

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed a three-property, recently renovated hotel portfolio totaling 433 rooms in the Greater Boston area. 

Denny Meikleham
The portfolio comprises the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth.

HFF represented the seller, Linchris Hotel Corporation, and procured the buyer, Jamsan Hotel Management.   

The hotels are all located within 40 miles of Boston and benefit from convenient access to local lodging demand generators. 

The DoubleTree Hilton Hotel Boston – Milford offers 176 rooms and 10,000 square feet of meeting space. 

The hotel captures lodging demand from Gillette Stadium/Patriot Place, the Xfinity Center, the New England Sports Center and corporate demand from local corporations, including Dell EMC. 

Alan Suzuki
The 127-room DoubleTree by Hilton Hotel Boston – Rockland has 3,814 square feet of meeting space and is located on Boston’s South Shore just off Route 3. 

The Hilton Garden Inn Plymouth has 130 rooms and 1,372 square feet of meeting space.  Plymouth is home to many historical tourist attractions, including Plimoth Plantation, Plymouth Rock and the Mayflower, which all generate leisure demand for the hotel.  

The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright. 

Matthew Enright
 For more information about Linchris Hotel Corporation or its properties, please call 781-826-8824 or log on to


MA Lic. #009519748
HFF Managing Director
(617) 338-0990

HFF Senior Director
(617) 338-0990

HFF Director, Public Relations
(617) 338-0990

HFF closes sale and arranges financing for two boutique hotels in Nantucket’s historic downtown

The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms in Nantucket, MA

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale and arranged acquisition financing for The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms in Nantucket, Massachusetts.

HFF represented the private sellers in the sale of the properties to affiliates of Procaccianti Companies.  Additionally, HFF worked on behalf of the buyer to secure the 10-year, fixed-rate acquisition financing through Savings Institute Bank & Trust.  

Lauren O'Neil
The Veranda House and Chapman House are located at 3 Step Lane within the heart of Nantucket’s historic downtown.  Nantucket is an unparalleled luxury tourist destination whose 82 miles of beaches and multitude of high-end boutiques and world class restaurants draw more than 400,000 visitors annually. 

 The hotels have an ideal in-town location within walking distance of the island’s ferry terminals, beaches, art galleries, historical landmarks and well-known restaurants. 

Martha Nay
 Veranda House, which was built in 1684 and most recently renovated in 2007, offers 18 guest rooms and a gourmet continental breakfast daily. 

 Additional amenities include personal verandas, evening turndown service, beach amenities, complimentary Wi-Fi, and concierge services.  Originally built in 1830, Chapman House features 11 guest rooms renovated in 2012. 

Alan Suzuki

Chapman House also offers gourmet continental breakfast daily as well as concierge services, beach amenities and complimentary Wi-Fi. 

The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright

HFF’s debt placement team representing the borrower consisted of senior managing director Lauren O’Neil and director Martha Nay.

Denny Meikleham

About Procaccianti Companies

Procaccianti Companies (est. 1958) is nationally ranked, fully-integrated alternative asset manager with a broad national platform having owned, developed, managed or financed investment real estate in more than 130 cities across 31 states coast to coast.

Procaccianti Companies’ real estate platform encompasses investments across the risk spectrum from core and core plus, to opportunistic and value-add.

Whether through structured real estate investment vehicles, credit strategies, joint ventures, one-off acquisitions or ground-up developments, our proven approach is characterized by a history of generating above-market risk adjusted returns.

Matthew Enright

About TPG Hotels & Resorts

Pre-approved by all the leading global hotel brands, TPG Hotels & Resorts is an operator of hospitality assets across all chain scales with an historical portfolio of over 160 branded, independent and boutique hotels comprising nearly 30,000 guestrooms in 31 states.

Today, TPG Hotels & Resorts is a top tier, U.S.-based Hospitality Management Company actively engaged in hotel acquisitions, operations, development, financing and asset repositionings across the country. 


MA Lic. #009519748
HFF Managing Director
(617) 338-0990

HFF Senior Managing Director
(617) 338-0990

HFF Director
(617) 338-0990

HFF Director, Public Relations
(617) 338-0990