Monday, June 3, 2019

Shaner Hotels Announces Grand Opening of 102-Suite Residence Inn by Marriott Norwalk in Norwalk, CT

102-suite Residence Inn by Marriott Norwalk situated in downtown Norwalk, CT at 45 South Main Street

NORWALK, CT —Officials of Shaner Hotels, an award winning, international hotel owner, operator and developer, announced the grand opening of its 102-suite Residence Inn by Marriott Norwalk in Conn. 

The hotel is owned by SoNo Development Partners, a joint venture comprised of Thomas L. Rich of Stamford-based F.D. Rich Company, East Asset Management LLC and Shaner Hotels.  The hotel will be operated by Shaner Hotels.

Thomas L. Rich
                “The development of a this project represents our continued redevelopment of the South Norwalk neighborhood (SoNo) where we own 300,000 square feet of retail, office, restaurant space and multi-family rental apartments both built and under development,” said Rich, president and CEO of the century-old F. D. Rich Company.

“We believe that SoNo, given its proximity to transportation, nearby offices, Norwalk Harbor and its marinas, the new mall and it’s plethora of dining choices has a really bright future.”
Plato Ghinos
 “The Residence Inn by Marriott Norwalk is the newest hotel in the area to cater to longer-term guests who typically stay five-plus nights, bringing with them their own unique needs,” said Plato Ghinos, president, Shaner Hotels. 

 “This marks our 36th Marriott-branded hotel, as well as our second Residence Inn, allowing us unique insights that ultimately will benefit both the guest experience and bottom-line revenue.”

Chris Daly, media
 (703) 435-6293

HFF closes sale of Two-building industrial portfolio in San Diego, CA

          Situated on 14.62 acres within the two-million-SF Siempre Viva Business Park, the two-building industrial portfolio is located at 8500 Kerns Street and 2600 Melksee Street, San Diego, CA                                                                                                                                                                                                                                                                                                Photo by Scott Murphy 

SAN DIEGO, CA, June 3, 2019  HFF announces that it has closed the sale of a two-building industrial portfolio totaling 201,020 square feet in San Diego’s Otay Mesa submarket.

Kaitlin Murphy Arduino

The HFF team represented the seller, San Diego-based Murphy Development Company.  LaSalle Investment Management purchased the assets

Situated on 14.62 acres within the two-million-square-foot Siempre Viva Business Park, the portfolio is located at 8500 Kerns Street and 2600 Melksee Street and features convenient access to San Diego’s major distribution corridors, including Interstates 5, 8, 15 and 805, which connect to Southern California’s vital trade routes. 

Kara Mathis
 The portfolio is in San Diego’s Otay Mesa Industrial submarket, which is home to the highest concentration of Fortune 500 companies in San Diego and benefits from its proximity to the Otay Mesa Port of Entry at the United States/Mexico border. 

Originally constructed in 2016 and 2019, the portfolio properties feature 28- to 32-foot clear heights, wide truck courts, loading via 50 dock-high and eight grade-level doors and a low office build-out.

The HFF investment advisory team representing the seller was led by senior managing director Nick Psyllos and senior associate Kara Mathis.

“The sale of our last two buildings at the 2.1 million-square-foot Siempre Viva Business Park is bittersweet for us,” said Kaitlin Arduino, Murphy Development Company EVP. 

Nick Psyllos
 “We’ve had a successful track record in this park, which we started back in the early 2000s, landing a number of Fortune 500 tenants over the years, including Becton Dickinson and Mainfreight.  Buildings 17 and 18 are outstanding assets, and we are thankful to HFF for finding us the best possible buyer.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.


CA Lic. #00788060
HFF Senior Managing Director
(858) 552-7690

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

HFF closes sale of grocery-anchored retail center in Lancaster, PA

Chelsea Square, a 96,455-SF, grocery-anchored shopping center situated on 10.67 acres at 1603-1653 Manheim Pike,
Lancaster, PA

Christopher Munley
PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Chelsea Square, a 96,455-square-foot, grocery-anchored shopping center in Lancaster, Pennsylvania.

HFF marketed the property on behalf of the seller, Beacon Communities.  Goodman Properties purchased the asset. 

Chelsea Square is anchored by Weis, a regional grocer undergoing a period of rapid growth, and is also home to a diverse tenant roster of mostly internet-resistant tenants, including Talbots, Jos. A. Bank, M&T, Domino’s Pizza, Great Clips, The Lighting Gallery and ModernEyes Optical. 

 Situated on 10.67 acres at 1603-1653 Manheim Pike, the center is located along a retail corridor with visibility to 46,000 vehicles per day and has direct access to the Pennsylvania Turnpike (Interstate 76) and U.S. Routes 30, 222 and 283. 

Carl Fiebig
More than 58,000 residents earning an average annual household income of $105,698 live within a three-mile radius of Chelsea Square.

The HFF team representing the seller included managing director Chris Munley and senior director Carl Fiebig.

“Chelsea Square was acquired as a broader portfolio transaction,” said Michael Alperin, Beacon Communities acquisitions and strategic initiatives director. 

 “Beacon Communities is happy to get this real estate in the right local owner’s hands through Goodman Properties. Chris and his team were excellent to work with for a seller more versed in multifamily rather than commercial real estate.”

Michael Alperin
“We have seen an uptick in investor interest within the Lancaster market,” Munley said.  “With positive demographic trends and sound existing retail fundamentals, we expect to see continued transactional activity from new-to-market investors, specifically in the grocery-anchored space.”


PA Lic. #RS314499
HFF Managing Director
(484) 532-4200

PA Lic. #RS320618
HFF Senior Director
(484) 532-4200

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

Ware Malcomb Names Edward Hanbicki New Studio Manager in Seattle Office

Edward Hanbicki

SEATTLE, OR (June 3, 2019) – Ware Malcomb, an award-winning international design firm, today announced Edward Hanbicki has joined the firm as Studio Manager, Interior Architecture & Design in the Seattle office.

Working under the direction of Director, Interior Architecture & Design Cindy Kang, Hanbicki helps to lead and manage Ware Malcomb’s Interior Architecture & Design Studio and manages select projects in the Seattle market.

Cindy Kang
Hanbicki brings more than 29 years of architecture and interior design experience to his new role. He has worked extensively throughout North America and internationally on projects in the corporate, hospitality and retail sectors.

In addition to his design expertise, Hanbicki also has extensive experience in the areas of program management, project management and construction management.

Jonathan Thomas

“We are excited to have such a seasoned professional join our growing Seattle team,” said Jonathan Thomas, Regional Director of Ware Malcomb’s Seattle office.

“In addition to Ed’s talent as an architect and designer, he has significant management experience ranging from large projects to national corporate accounts. We are confident his unique skill set will enhance Ware Malcomb’s work in the dynamic Seattle market.”

Hanbicki holds a Bachelor of Architecture degree from Louisiana State University. He is a registered architect in multiple states and is LEED and NCARB certified.

 For more information, please visit and view Ware Malcomb’s Design video at


Rachel Reenders
VP Public Relations
KCOMM for Ware Malcomb

Kelly Teenor, Director, Marketing, 949.660.9128,

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128,

HFF arranges $97 million refinancing for The Gateway retail center in Salt Lake City

The Gateway, a 651,778-square-foot, mixed-use, upscale retail, office and entertainment complex situated on 21 acres at 41 South Rio Grande in the Central Business District submarket,  downtown Salt Lake City, Utah.  

 LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $96.9 million refinancing of The Gateway, a 651,778-square-foot, mixed-use, upscale retail, office and entertainment complex in downtown Salt Lake City, Utah.

Aldon Cole
HFF worked on behalf of the borrower, a partnership between Vestar and funds managed by Oaktree Capital Management L.P. (“Oaktree”), to place the floating-rate loan with a bridge lender.  Loan proceeds will be used to retire existing debt and fund future improvements.

Unique aspects of The Gateway include the original Union Pacific Railway building that was built in 1910 and the property’s two newest buildings, which were completed in 2000 and 2001 for the 2002 Winter Olympics.

When the borrower acquired the retail portion in 2016 via a sale brokered by HFF, they implemented a multi-million-dollar plan and converted it from a traditional shopping center to an experiential retail and entertainment destination complemented by creative office.

 The Gateway transformed Salt Lake City’s lifestyle scene by introducing numerous public art installations, regular festivals and concert events and innovative activities like Beer + Yoga in the courtyard.

Paul Brindley

With an open-air concept comprising two levels and seven buildings, The Gateway’s retail portion is home to more than 38 restaurant and retail tenants, including Recursion, Kiln, Punch Bowl Social, Dave & Buster’s, Midici, Megaplex Theatres, Flemings, Ragnar, California Pizza Kitchen, Skinny Fats Food Hall and Victoria’s Secret. 

 Situated on 21 acres at 41 South Rio Grande, The Gateway is in the Central Business District submarket and is less than half a mile east of the Salt Lake City Intermodal Hub, which provides light rail services from Ogden to Provo.  

The center is walking distance from Temple Square, the Salt Palace Convention Center and Vivant Arena.

The HFF debt placement team representing the borrower was led by senior managing directors Aldon Cole and Paul Brindley, managing director Todd Sugimoto and analyst Spencer Richley

“Gateway has become a great case study as to how opportunities exist within a well-thought-out plan to repurpose retail,” Cole said.  “The Vestar and Oaktree teams have done an exceptional job redefining this asset and creating a true sense of place within the context of the growing entertainment district of downtown Salt Lake City.”

Todd Sugimoto
About Vestar

One of the leading privately held real estate companies in the western United States, Vestar specializes in the acquisition, management, and development of commercial real estate, including entertainment-retail complexes, power and lifestyle centers and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place.  

Vestar currently owns and manages 30 million square feet of retail assets in the western U.S. 

 For more information, please visit

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $119 billion in assets under management as of March 31, 2019. 

Spencer Richley
The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.  The firm has over 950 employees and offices in 18 cities worldwide.

For additional information, please visit Oaktree’s website at


HFF Senior Managing Director
(858) 552-7690

PAUL BRINDLEY                      
HFF Senior Managing Director
(310) 407-2100

TODD SUGIMOTO                    
HFF Managing Director
(310) 407-2100

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