Thursday, July 4, 2019

SVN expands Florida presence with addition of SVN Saunders Ralston Dantzler Real Estate


Dean Saunders
LAKELAND, FL – SVN Saunders Ralston Dantzler Real Estate is the latest firm to join the SVN commercial real estate family of offices in Florida as the brand continues to expand throughout the state.

 Based in Lakeland, the firm consists of two newly-merged sister companies: Saunders Real Estate and Saunders Ralston Dantzler Realty.

The former brokers land and agricultural properties throughout Florida and in southern Georgia, while the latter brokers more traditional commercial real estate across Florida’s I-4 corridor.

Gary M. Ralston
 In conjunction with joining the SVN platform, the two companies are unifying as one marketing brand under the name SVN Saunders Ralston Dantzler Real Estate.

 Dean Saunders, ALC, CCIM, is widely recognized as an expert in Florida land used in farming, timber, citrus and other agricultural purposes. He was the founder of Saunders Real Estate, LLC and a co-founder of Saunders Ralston Dantzler Realty, which have come together to form the new SVN firm.

A winner of many real estate awards, Saunders is a sought-after speaker for national conferences and regularly publishes his popular Lay of the Land Market Report covering the Florida land market. Saunders Real Estate, which he launched in 1996, has brokered more than $2.5 billion in sales.


R. Todd Dantzler
“This move to SVN greatly benefits everyone involved, and we’re excited about the prospects,” Saunders said. “It helps our advisors expand their influence in the state as they take advantage of SVN’s culture of collaboration.

"In addition, our new unified brand increases the marketing power of both our land and commercial businesses.”

In addition to Saunders, the new SVN office leadership includes Gary M. Ralston, CCIM, and R. Todd Dantzler, CCIM, both managing partners of Saunders Ralston Dantzler Realty.

 “Having these outstanding professionals on board bolsters SVN ability to best serve clients in the Orlando and surrounding market, as well as the I-4 corridor, and provides us with additional proficiency in land, land management, agriculture, timber and related commercial real estate,” said Jerry Anderson, CCIM, executive managing director of SVN Florida.


Jerry Anderson
“They’re a solid addition to our team. Working together, we anticipate great things, not only for SVN but also for the clients we serve.”

About SVN International Corp.

The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. 


Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. 

SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. 

The Florida team consists of more than 100 advisors serving locations across the state. For more information on SVN Florida, please visit www.svnflorida.com.


CONTACTS:

Heather Celoria, marketing manager, SVN Saunders Ralston Dantzler Real Estate, 863-272-7151 heather.celoria@svn.com

Ken Zeszutko, Z Corp PR, 321-213-1818 / kenz@zcorppr.com

Ware Malcomb Names Michael Christensen to Lead Firm's New Office in Washington, DC


Michael Christensen
 IRVINE, CA  – Ware Malcomb, an award-winning international design firm, announced the opening of a new office in Washington, D.C., bringing the total number of Ware Malcomb offices across the U.S., Canada, Mexico and Panama to 24.

Founded in 1972, the firm provides planning, architecture, interior design, branding and civil engineering services for commercial real estate and corporate clients.

The newest Ware Malcomb office is located at 1301 K Street NW in Washington, D.C. The firm has completed over 100 projects in the greater Washington, D.C. metropolitan area including Virginia and Maryland, for clients including Medline, Xfinity and Alston Construction, among many others.

Lawrence R. Armstrong
“We are pleased to announce the opening of Ware Malcomb’s 24th office in North America, located in our nation’s capital,” said Lawrence R. Armstrong, Chief Executive Officer of Ware Malcomb. “We look forward to leveraging existing Ware Malcomb relationships as well as building new ones in this vibrant and important market.”

Ware Malcomb also announced Michael Christensen has joined the firm as Regional Director to lead the new Washington, D.C. office. In this role, Christensen will be responsible for the overall growth and management of the firm’s operations in the region. 

“We are excited to welcome Mike to the Ware Malcomb team,” said Kenneth Wink, Executive Vice President of Ware Malcomb. “With tremendous talent in both business development and design, he is the ideal choice to build and lead our Washington, D.C. team and oversee projects in the region.”

Kenneth Wink
Christensen brings over 17 years of interior design experience to his new role at Ware Malcomb. His unique background ranges from serving as in-house design manager for large retailers to designing interiors for multi-family projects.

He has worked on projects across the United States, as well as internationally. Christensen holds a Bachelor of Fine Arts degree in Interior Design from Brigham Young University and a Master of Business Administration degree from the University of Texas at Arlington.









CONTACTS:

Rachel Reenders
VP Public Relations
 KCOMM for Ware Malcomb

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com


Ware Malcomb Irvine
10 Edelman
Irvine, CA 92618
p. 949.660.9128

HFF arranges $111.5 million financing for Class A trophy office tower in Allston/Brighton neighborhood of Boston


 80 Guest Street, a 245,720-SF, trophy office and lab property  in the Boston Landing master-planned development in the Allston/Brighton neighborhood of Boston, MA

John Fowler
BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged $111.5 million in first mortgage financing for 80 Guest Street, a 245,720-square-foot, trophy office and lab property situated in the Boston Landing master-planned development in the Allston/Brighton neighborhood of Boston, Massachusetts.

HFF worked on behalf of the borrower, NB Development Group, to secure the fixed-rate loan through MetLife Investment Management. 

Designed by famed architecture firm Elkus Manfredi, 80 Guest Street was the second asset to deliver in Boston Landing in September 2016. 

 Home to New Balance’s world headquarters, Boston Landing has emerged as the city’s newest live-work-play district and will ultimately comprise 1.9 million square feet of office, retail, residential and hotel space when fully built-out. 

Riaz Cassum
 The project has a dominant presence along the Massachusetts Turnpike feeding into Boston’s central business district and direct access to the MBTA Boston Landing commuter rail station on site. 

80 Guest Street features eight floors of high-ceiling, office and lab space averaging an open 28,000-square-foot floor plate above 15,000 square feet of amenity retail. 

The property is fully leased to four office tenants and three ground floor restaurant tenants, including Bose, Boston Bruins, Roche and Proteostasis.  

The asset also consists of a 55,000-square-foot ice rink complex, known as the Warrior Ice Arena, which serves as the practice facility for the Boston Bruins NHL franchise. 

Sam Campbell
The HFF debt placement team was led by executive managing director John Fowler, senior managing director Riaz Cassum and associates Sam Campbell and Henry Schaffer.  Jim Halliday, managing director of NB Development Group, and Kevin Doyle, treasurer at New Balance, led the borrower team in the transaction.

About New Balance Development Group

NB Development Group is acclaimed for creating some of the country’s most widely recognized and successful athletic centers, as well as multifaceted developments that include and combine retail, residential, hotel and office uses.

Henry Schaffer
Today, NB’s strong, local portfolio, is comprised of a diverse array of major athletic training facilities, mixed-use developments, outlet retail, multi-family spaces, corporate headquarters, hotels and restaurants, and a parking garage.

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.

Jim Halliday
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 visithfflp.com or follow HFF on Twitter @HFF.







CONTACTS:

RIAZ CASSUM
HFF Senior Managing Director
(617) 338-0990

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

Arbor Funds $4 Million Freddie Mac SBL Deal in Brooklyn, NY

                                     
Vincent Chiodo

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac SBL deal in Brooklyn, NY.

2402 Gerritsen Avenue, a mixed-use property, received $4M in refinance funding through the program. The loan includes a 10-year hybrid term on a 30-year amortization schedule.

Vincent Chiodo of Arbor’s New York City office originated the loan.

2402 Gerritsen Avenue Apartments, Brooklyn, NY

“Since this is a mixed-use property, a large portion of the rental income comes from commercial tenants,” said Chiodo. “Due to our deep product expertise, we were able to consider this income and fund the loan through a Freddie program that allows Arbor to underwrite all of the property’s income and offer greater proceeds to our borrower.”

Built in 1964 and recently rehabilitated, 2402 Gerritsen Avenue is a three-story building featuring storefronts on the first level with 13-unit luxury apartments on the second and third floors. The apartments feature new appliances and oversized private terraces.

Located between Marine Park and Sheepshead Bay, the property is convenient to nearby parks, restaurants and public transportation.

CONTACT:

 Bina Handa
Tel: 516.506.4229

NAI Realvest Closes on Sale of Prime Retail Property in Ocoee, FL for a 15,000-SF Retail Center Planned for Delivery by Q1 2020


Matt Cichocki
OCOEE, FL – Orlando-based NAI Realvest Principals Matt Cichocki and Kevin O’Connor recently negotiated the $800,000 sale of a prime piece of retail property at 2222 Ocoee Apopka Rd. in Ocoee.

Cichocki and O’Connor represented the buyer JeBaile Realty, LLC of Windermere who intends to construct a 15,000 square foot retail center on the 1.9-acre site with delivery expected in the first quarter of 2020.

The seller, Charlotte-based Ocoee Partners, LLC, was represented in the transaction by Bobby Palta of CBRE.






CONTACTS:

Matt Cichocki or Kevin O’Connor Principals NAI Realvest,

Patrick Mahoney , President /CEO, NAI Realvest,
407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications, 407-644-4142










Marcus & Millichap Brokers $1.27 Million Sale of 22,136-SF Dollins Industrial Property in Orlando, FL


Chris Burke
ORLANDO, 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 Dollins Industrial, a 22,136-square foot industrial property located in OrlandoFL, according to Justin W. West, vice president/regional manager of the firm’s Orlando office. 

The asset sold for $1,275,000.

Chris Burke,  an investment specialist with the Turchi-Vaughan team in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, a private investor, was also secured and represented by the Turchi-Vaughan team.  

Dollins Industrial is located at 18 N Dollins Avenue in Orlando, FL. The property is in renovations to become the first Cloud Kitchens location servicing the Orlando markets.

CONTACTS:

Steven Shaw
Brokerage Administrator
Marcus & Millichap
300 South Orange Avenue
Suite 700
Orlando, FL 32801
(407) 557-3825 direct
(407) 557-3800 main
(407) 557-3810 fax
steven.shaw@marcusmillichap.com




B+E sells Midfield, Alabama Walgreens property for $5.75 million



Walgreens, Midfield, AL
NEW YORK, NY – B+E, the first brokerage and technology platform for net lease real estate, announced the sale of the Midfield, Alabama, Walgreens property for $5,757,385.

The seller is Jonna Realty Ventures and the buyer is Malhotra Enterprises, LLC.  The NNN property has a remaining lease term of 15 years.  

"This was a phenomenal exit for our client," said Spencer Henderson, a B+E advisor. “B+E is known for finding previously unknown, cross-country buyers.  However, this deal shows the power of our 1031 trade platform to also surface local interested buyers.”



Spencer Henderson
Located at 101 Bessemer Super Highway, the 13,400 square foot building is in a dense residential corridor with over 160,000 residents within a five mile radius and a short distance from downtown Birmingham. 

For more information, please contact Spencer Henderson at SHenderson@benetlease.com or go towww.benetlease.com.


  Contact:

John Vita
John Steven Vita Communications
847/853-8283

HFF closes sale and arranges financing for 20 Greenway Plaza in Houston, TX



 20 Greenway Plaza, a 433,132-SF, Class A creative office building located in the Greenway submarket of Houston, TX
H. Dan Miller
HOUSTON, TX –– HFF announces that it has closed the sale and arranged financing for 20 Greenway Plaza, a 433,132-square-foot, Class A creative office building located in the Greenway submarket of Houston, Texas.

HFF represented the seller, Principal Real Estate Investors, and procured the buyer, Stockdale Capital Partners.  

Additionally, HFF placed the seven-year, fixed-rate acquisition loan with Cigna Realty Investors. 

20 Greenway Plaza is positioned within Greenway Plaza, which is one of Houston’s strongest office submarkets. 

 The property is surrounded by high-end amenities and a wealthy well-educated workforce residing in the affluent residential neighborhoods of River Oaks, West University and Bellaire and has immediate access to major thoroughfares, including U.S. 69, Westpark Tollway and Interstate Loop 610. 

Trent Agnew
The 10-floor project was most recently renovated in 2014 and is 95% leased to a diverse tenant roster, including Merrill Lynch, Sunnova Energy Corp, REALEC Technologies, Mitsubishi and Koch. 

The HFF investment advisory team representing the seller was led by senior managing director H. Dan Miller and managing director Trent Agnew.

HFF’s debt placement team was led by senior managing director Wally Reid.

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

About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $79.4 billion in commercial real estate assets (as of March 31, 2019). 

Wally Reid
The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is a dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.










CONTACTS:


H. DAN MILLER, CCIM, SIOR
TX Lic. #0289851
HFF Senior Managing Director
(713) 852-3500

WALLY REID
HFF Senior Managing Director
(713) 852-3500

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



Trez Forman Provides $10.8 Million Loan for New Single-Family Home Community in Greater Greensboro, NC


Rendering of planned Wesley Point
near Greensboro, NC
Greensboro, NC and Palm Beach, FL— Trez Forman Capital closed a $10.8 million loan to a well-known regional home builder to help fund land acquisition and construction of a new residential community called Wesley Point near Greensboro, NC. 

Fixed Point Homes, an affiliate of Diamondback Investment Group, is acquiring 112 acres of vacant land at 7529 Doggett Road in Browns Summit.

Brett Forman
The financing from Trez Forman covers the purchase of the land, lot development and construction of 43 single-family homes.

 It will be bifurcated into two pieces, an acquisition and development loan followed by a revolving line of credit for the home construction.

Brett Forman, CEO of Trez Forman, arranged the financing, which closed on June 20.

The transaction follows the June 5 closing of a $16 million loan to the same borrower for the Huffman Point residential project in Burlington.

“Our client has a tremendous track record developing quality communities in the region, and Wesley Point is poised to continue that tradition of top-tier residential product,” said Forman.

Zach Tran
“The greater Greensboro area continues to have room for further job growth over the next decade. This transaction further solidifies our commitment to building relationships and expanding our business through satisfied and repeat borrowers.”


Wesley Point will feature three and four-bedroom homes with two-and-a-half or three bathrooms and an average size of 2,800 square feet. Z Real Estate Group is the sales representative for the project.  
  
Diamondback Investment Group, LLC is a North Carolina-based real estate development company owned and managed by Zach Tran and Hal Kern. 

“We are excited about our continued relationship with Trez Forman and look forward to closing our current pipeline of over $400 million with them over the next 18 months,” said Tran.


CONTACTS:

Media Contact for Trez Forman: Todd Templin or Eric Kalis
954-370-8999


Eric Kalis
Vice President, BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island Road