Del Webb Stone Creek Arts Group Buys Baby Grand Piano for Reunion Center, Hosts Two Concerts

OCALA, FL – A group of Del Webb Stone Creek residents who call themselves the Culture Vultures raised enough money to buy a digital baby grand piano for the Reunion Center at Del Webb Stone Creek and hosted a pair of weekend concerts that featured Cantor Kim Komrad (top right photo), a classically trained soprano from Baltimore, and New York pianist David Leighton.

 The Saturday concert at the Reunion Center was by invitation only.

 

Another concert, on Sunday, which featured music by George Gershwin, Irving Berlin and Ernest Gold, who wrote the music for the 1960 film “Exodus” — was held at Ocala’s Temple Beth Shalom and was free and open to the public.

 Both concerts included a melody of songs written many years ago by Jacksonville’s Celestine Akins, the 86 year old mother of Del Webb Stone Creek resident Allen Akins.

 Culture Vultures president Rita Lewison Singer said it took several fundraisers and individual donations, including $1,000 from the Leisure Arts League — along with support from Del Webb management — to buy the piano, which the group has donated to the Reunion Center.

The star performers have roots at Del Webb Stone Creek. Komrad is Singer’s daughter. Leighton is the brother of Culture Vultures co-chair Beth Mueller.

 “It was a family affair for the whole community and everyone associated felt a part of the family,” said Sean Strickler, Vice President of Sales at Del Webb North Florida.

 Since 2010 the Del Webb Stone Creek Culture Vultures have financially supported the Ocala Symphony Orchestra, the Ocala Civic Theater, Save the Marion Theater, the Kingdom of the Sun Band and local high school arts programs.

 “Our goal is to promote the arts and culture in the Marion County area,” Singer said.

For more information, contact

delwebb.com/stonecreek , 877-333-5932.

Jennifer Hendry, Marketing Coordinator, Del Webb/PulteGroup North Florida Division, 904-217-0005, jennifer.hendry@pulte.com;  

 Lyndsey Patterson, Director of Marketing Del Webb/ PulteGroup North Florida Division, 407-661-2150 ext 1416 2301 Lucien Way, Suite 400, Maitland, FL 32751; lyndsey.patterson@pultegroup.com;

 Sean C. Strickler, Vice President Sales, PulteGroup/North Florida, 407-661-1461 sean.strickler@pultegroup.com;    

 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com   

http://www.delwebb.com/

Colliers International Completes Sale of Brockman Lofts in Downtown Los Angeles

 Los Angeles, CA.  – Kitty Wallace (top right photo), Executive Vice President of Colliers International, the second largest global real estate services organization, just sold The Brockman Lofts (middle left and middle right photos), a mixed-use property with 80 residential loft condominiums and 9,968 square feet of retail space.

The Brockman Lofts was the second highest price per unit sale in Downtown Los Angeles’ history. This landmark 12-story building is situated on 7th Street Restaurant Row at 520 W. 7th Street, Los Angeles, California.

The property’s retail space is occupied by Bottega Louie, one of the highest grossing restaurants in the City.

 Wallace, based in Colliers International’s West Los Angeles office, represented the seller, Wickliffe A. Corporation, and the buyer, Simpson Housing, LLLP, a private company based out of Denver, Colorado.

The Brockman Lofts is a beautifully renovated 12-story mixed-use building in Downtown Los Angeles. This legendary property was built in 1917 as an office and retail tower and has since become a classic icon of the Beaux Arts style of architecture.

 In 2010 it was extravagantly transformed into 80 elegant lofts through the adaptive reuse ordinance. The property is a historical landmark that is not subject to rent control and the new owner plans to lease out the lofts as luxury apartments.

  Contact:  Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224

Marcus & Millichap Promotes Peter Von Der Ahe to First Vice President Investments in Manhattan Office

NEW YORK, April 2, 2012 –Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Peter Von Der Ahe (top right photo) to first vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists.

 It represents excellence in the development and servicing of long-term client relationships, according to J. D. Parker (top left photo), vice president and regional manager of the firm’s Manhattan office.

Will Balthrope Named One of Marcus & Millichap’s Top Investment Specialists Nationwide

CALABASAS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2011.

Will Balthrope (middle right photo), a Texas-based senior director of Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has ranked as one of the firm’s top 10 agents out of more than 1,000 investment specialists nationwide.

  “We are proud of Will’s achievements, and happy to recognize him as one of the firm’s top 10 agents nationwide,” says John J. Kerin (middle left photo), president and chief executive officer of Marcus & Millichap. 

“Will’s outstanding accomplishments in the multifamily sector and as an institutional property advisor are a testament to his superior transaction expertise and unwavering commitment to client service.”

Balthrope joined Marcus & Millichap in September 2006. He is a senior director of the firm’s National Multi Housing Group. In the past 10 years, Balthrope brokered transactions valued at more than $3.5 billion throughout the state of Texas.

 Marcus & Millichap Names Mark Myers a top Investment Specialist Nationwide

CALABASAS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2011.

Mark Myers (lower right photo), of the firm’s Chicago office, ranked No. 4 out of more than 1,000 investment specialists nationwide. Myers is also the company’s No. 1 seniors housing agent for the second year in a row.

“We are proud to recognize Mark as one of our top investment specialists nationwide and as our top seniors housing agent for the second consecutive year,” says John J. Kerin, president and chief executive officer of Marcus & Millichap. “Mark’s top ranking demonstrates his exceptional knowledge of the seniors housing market, outstanding transaction expertise and steadfast commitment to client service.”

Myers began his career with Marcus & Millichap in 1993 as an agent in the Chicago office. He was inducted as a senior investment associate in July 1999 and was promoted to senior vice president investments in January 2008.

Myers facilitated transactions valued at more than $277.5 million last year.

 Contact:  Stacey Corso, Public Relations Manager, (925) 953-1716

Greenfield Partners, LLC and Somerset Properties, Inc. Complete $146 Million Acquisition of Office Portfolio in Three States

LOWER GWYNEDD, PA  /PRNewswire/ -- Greenfield Partners, LLC in partnership with Somerset Properties, Inc. announced that it has acquired 34 office, flex, and industrial buildings totaling 1,904,576 square feet of space for approximately $146 million. 

The properties are located in Southern New Jersey; Milwaukee, WI;  and Highpoint, NC.  The properties were sold by Liberty Property Trust and were approximately 86% leased at the time of sale.  A complete list of properties appears below. 

Greenfield Partners, LLC was founded in March 1997, and is a private company dedicated to excellence in real estate investing. 

Greenfield is an investment management company with more than $4 billion in equity under management.

 Somerset Properties, Inc. is an owner & operator of commercial real estate.  Since 1996 Somerset has been creating value for investors with its entrepreneurial approach to acquiring, managing, leasing, and developing commercial properties.

Property List:

11020 West Plank Court, Wauwatosa, Wisconsin

10050 South 27th Street, Oak Creek, Wisconsin

2440 West Corporate Preserve Drive, Oak Creek, Wisconsin

7800 N. 113th Street, Milwaukee, Wisconsin

11950 West Lake Park Drive, Milwaukee, Wisconsin

11400 West Lake Park Drive, Milwaukee, Wisconsin

11425 West Lake Park Drive, Milwaukee, Wisconsin

11301 West Lake Park Drive, Milwaukee, Wisconsin

11900 West Lake Park Drive, Milwaukee, Wisconsin

11414 West Park Place, Milwaukee, Wisconsin

12100 West Park Place, Milwaukee, Wisconsin

11100 West Liberty Drive, Milwaukee, Wisconsin

11300 West Theodore Trecker Way, West Allis, Wisconsin

11548 West Theodore Trecker Way, West Allis, Wisconsin

11420 West Theodore Trecker Way, West Allis, Wisconsin

20935 Swenson Drive, Brookfield, Wisconsin

20975 Swenson Drive, Brookfield, Wisconsin

20825 Swenson Drive, Brookfield, Wisconsin

4020 Meeting Way, Highpoint, NC

4008 Mendenhall Oaks Parkway, Highpoint, NC

4160 Mendenhall Oaks Parkway, Highpoint, NC

4170 Mendenhall Oaks Parkway, Highpoint, NC

4180 Mendenhall Oaks Parkway, Highpoint, NC

4191 Mendenhall Oaks Parkway, Highpoint, NC

4050 Piedmont Parkway, Highpoint, NC

4135 Mendenhall Oaks Parkway, Highpoint, NC

4194 Mendenhall Oaks Parkway, Highpoint, NC

4196 Mendenhall Oaks Parkway, Highpoint, NC

4100 Mendenhall Oaks Parkway, Highpoint, NC

4015 Meeting Way, Highpoint, NC

701A Route 73, Marlton, NJ

701C Route 73, Marlton, NJ

3000 Atrium Way, Mt. Laurel, NJ

2000 Crawford Way, Mt. Laurel, NJ

For more information please,  contact:

Mark White, Principal

Somerset Properties, Inc.

768 N. Bethlehem Pike, Suite 203

Lower Gwynedd, Pa  19002

Office (215) 283-2960

mwhite@somprop.com

Web Site: http://www.somprop.com

Integrity Home Loan of Central Florida Appoints Nine New Loan Officers

LAKE MARY, FL--- Integrity Home Loan of Central Florida recently appointed nine new loan officers in Lake Mary, Orlando, Jacksonville and Coral Springs.

Matt Malloy, president of Integrity Home Loan of Central Florida based in Lake Mary, said he recently named Brandon Fields, James Iooss, Jennifer Nendza (middle left photo), Sally Vance and Tom Powell Loan Officers at the firm’s corporate office on International Parkway in Lake Mary.

In Coral Springs, Integrity Home Loan recently appointed Carlos Lasprilla a Loan Officer.

Luke Kuenster and Christopher Diedrich (lower right photo) were recently named Loan Officers in Jacksonville.

Cyndi Meyers (top right photo) was hired as a Loan Officer in the firm’s downtown Orlando office.

 For more information about this press release, contact:

Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com

NMLS #- 161433

 Jason Scott, Marketing Manager, Integrity Home Loan, 407-688-6618 jason.scott@inthomeloan.com;

 Larry Vershel, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Voit Real Estate Services Expands Sacramento Office With Two New Professionals -- Jon Walker and Tom Bacci

 Sacramento, CA – Voit Real Estate Services’ Sacramento office has announced the addition of two new brokers, Jon Walker (top right photo) and Tom Bacci (top left photo). 

Each of the new commercial real estate professionals has nearly two decades of experience specializing in office leasing and sales, according to Kevin Sheehan, Managing Director of Voit’s Sacramento office. 

“Voit is actively recruiting the finest brokers in both Northern California and Reno,” said Sheehan.  “Our team was recently recognized for top honors in the greater Sacramento market.  The addition of Jon and Tom further establishes our growing strength here and the major impact we are going to have moving forward.”

These new hires are part of Voit’s ongoing initiative to increase the size and quality of its brokerage, according to Sheehan.

For a complete copy of the company’s news release, please contact:

Jenn Quader/ Judith Brower

Brower, Miller & Cole

(949) 955-7940

JQuader@browermillercole.com

Twitter Opens Downtown Detroit Office in Rock Ventures' M@dison Building

 DETROIT, MI,  April 4, 2012 /PRNewswire/ -- There's a new trending topic in #Detroit, as tech giant Twitter announced today it is opening an office in the city's growing downtown technology district.

 The company's first Michigan location will be based in the M@dison Building (lower left photo), owned by Rock Ventures LLC, the umbrella entity formed to provide operational coordination, guidance and integration of Dan Gilbert's portfolio of companies, investments and real estate.

Based in San Francisco, Twitter is a real-time information network that connects people to the latest stories, ideas, opinions and news. 

The company's Detroit office will house a team of employees whose primary focus will be helping marketers and advertising agencies in Detroit leverage Twitter's Promoted Products suite of advertising products. Twitter expects to hire more employees over time as it grows its Detroit presence.

"Detroit's emerging mix of automotive and digital cultures made it a natural location for Twitter's newest office," said Adam Bain (top right photo), Twitter's president of global revenue.

"We're excited to work face-to-face with the city's most established brands and happy to play a role in downtown Detroit's digital renaissance."

The company did not disclose lease terms.

For a complete copy of the company’s news release, please contact

Robert Weeks,

 rweeks@twitter.com,

@wikiweeks on Twitter;

Rock Ventures and Bedrock Real Estate Services:

Paula Silver, Vice President,

Communications,

Quicken Loans Inc.,

 +1-313-373-7255,

paulasilver@QuickenLoans.com

JetBlue, New York's Official Hometown Airline(TM), Lands at New Headquarters in Long Island City

  

NEW YORK, NY, April 4, 2012 /PRNewswire/ -- JetBlue Airways (Nasdaq: JBLU), New York's Official Hometown Airline, today opened its new corporate headquarters in Long Island City, Queens. 

Mayor Michael R. Bloomberg, Senator Charles E. Schumer and other top government leaders joined JetBlue's President and CEO Dave Barger (middle right photo) in cutting the ribbon on the airline's innovative new home, the latest addition to the vibrant Long Island City community.

JetBlue now occupies approximately 200,000 square feet in the historic Brewster Building in Long Island City.  The Brewster Building is owned by Brause Realty, a New York City-based real estate company.  JetBlue is subleasing the space from MetLife, who will continue to maintain a presence at the location.

The Brewster Building (middle left photo) has a relevant aviation history.  It was built in 1911 and is where the Brewster Aeronautical Company manufactured the Brewster F2A (a.k.a. The Brewster Buffalo), the first monoplane fighter airplane used by the U.S. Navy in World War II.

The decision to keep its headquarters in New York City was announced in 2010, setting JetBlue on a journey to combine into one main corporate support center its former Forest Hills, Queens office where more than 900 crewmembers and business partners worked, with its Darien, Conn. office where approximately 70 crewmembers worked.

JetBlue's crewmembers from Darien, who provide transactional financial support for the airline, now work alongside colleagues in Long Island City, bringing 70 jobs to the Empire State.

"Since our start up in New York in 1998 and our first flight from JFK in 2000, JetBlue's home, heart and soul have always remained in New York," said Mr. Barger.

 "Now in our second decade, we are growing jobs with this new office, serving seven Empire State destinations with more daily seats between New York City and upstate than any other airline, and growing the regional economy with competitive fares.  JetBlue is proud to stay here in New York, grow here in New York and continue being New York's hometown airline."

For a complete copy of the company’s news release, please contact:

JetBlue Corporate Communications,

 Tel:  +1-718-709-3089,

corpcomm@jetblue.com,

 prensa@jetblue.com;

Web Site: http://www.jetblue.com

North American Acquires Land for First Luxury Apartment Community in Atlanta

ATLANTA, GA (April 4, 2012) – North American Properties, a privately held, multi-regional real estate company that develops and manages multifamily, retail and mixed-used properties across the country, has closed on land in Atlanta’s Old Fourth Ward neighborhood for its first luxury apartment community in the city.

North American acquired 3.7 acres, property that is bound by Glen Iris Drive on the west, Dallas Street on the north, Rankin Street on the south and Historic Fourth Ward Park on the east.

NAP will develop a mid-rise apartment community with 276 units on the park’s “oceanfront,” steps away from the Atlanta BeltLine’s Eastside Trail. North American Properties closed late last month on the land, which it acquired for $5,025,920.

Construction is expected to commence by late spring on the $35 million five-story apartment community. North American expects the first residents to take occupancy of their units in fall 2013.

The development will mark North American’s first ground-up multifamily development in Atlanta since the company shifted its focus from retail to mixed-use and multifamily development. North American, which has developed 12,000 multifamily units across the country since it was founded in 1954, has 3,000 additional units in the pipeline in otherhigh-growth cities including Nashville, Tenn.; Austin; and Dallas.

“As the country’s demographics shift, it’s clear Generation Y prefers to rent their homes, and they want their apartments to be in walkable surroundings in urban settings,” said Mark Toro (top right photo), managing partner of North American Properties. “The Old Fourth Ward is undergoing an incredible transition, and our target customers want to live in this exciting neighborhood.”

NAP’s site is a short walk from the former City Hall East, which Jamestown is redeveloping into Ponce City Market (middle right rendering). Ponce City Market will be a vibrant urban mixed-use development that will comprise about 300,000 squarefeet of retail and restaurant space just blocks away from North American’s site.

Midtown Place, just across Ponce de Leon Avenue from Ponce City Market, is anchored by Whole Foods, Home Depot and PetSmart.

“We acquired the best apartment site in the city of Atlanta,” said Richard Munger (top left photo), vice president of development who oversees NAP’s multifamily platform in the Southeast. “The site’s proximity to parks, the BeltLine and amenities including restaurants and shopping makes it an unparalleled location in the heart of the city.”

North American Properties’ Southeast development program has three multifamily projects underway at “AA” sites in walkable areas surrounded by the amenities Gen Y seeks.

In Alpharetta, North America plans to develop 250 luxury for-rent units above retail space as part of its landmark Avalonmixed-use development at Ga. 400 and Old Milton Parkway. In Nashville, ParkCentral will be located in the heart of the Vanderbilt / West End submarket on 25th Avenue overlooking Centennial Park. The luxury rental community will feature a roof top saltwater pool overlooking Centennial Park.

  

Contact:

Elizabeth Hagin

WNSPR

O: 404-965-5023

C: 678-642-4301

CBRE Orlando Handles $11.3 Million Sale of Lakefront I and Lakefront II in Orlando Central Park

ORLANDO, FL--CBRE is pleased to announce the sale of Lakefront I & II, a four-building suburban property with 192,654 square feet in Orlando Central Park. The property was 71 percent occupied.

Tenants include the Florida Agency for Workforce Innovation, Regions Bank, HCA Management Services and Advanced Care Scripts/Omnicare.

 The property recently sold for $11,300,000.

For more information, please contact:

Ronald J. Rogg, CCIM

Executive Vice President

Capital Markets

407.839.3194

ron.rogg@cbre.com

Marcus & Millichap Facilitates Sale of Penny Pinchers Self-Storage in Charlotte, NC

  

CHARLOTTE, NC, April 3, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Penny Pinchers Self-Storage (top left photo), a 49,688 square foot self-storage facility located in Charlotte, North Carolina, according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The asset commanded a sales price of $1,025,000.

Michael A. Mele (middle right photo), a first vice president investments and senior director of Marcus & Millichap’s National Self-Storage Group, Allen Smith (middle left photo), a vice president investments in the Charlotte Uptown office; and associate Stacey Gorman (lower right photo) in the Atlanta office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The buyer, a private investor, was secured and represented by Mele and Gorman.

Penny Pinchers Self Storage is located at 124 Dorton Street.  This self-storage facility was built in 1974 and renovated in 2008.  It currently has a 77 percent physical occupancy.  This investment has 334 self-storage, non-climate controlled units and 19 units for RV/boat parking.  These units range from 50 to 600 square feet.

“This deal once again shows the power of the Marcus & Millichap platform” says Mele.  “We had Florida owners who wanted to sell a property in North Carolina. 

"Using multiple brokers and our extensive national database, we were able to find a buyer in South Carolina who was a perfect fit.  No other firm can access these kinds of buyers for a deal this size” adds Mele.

 Press Contact:

Bryn D. Merrey

Vice President/Regional Manager, Tampa

(813) 387-4700

Berger Commercial Realty Corp. Awarded Exclusive Lease Listing in Pembroke Pines, FL

 FORT LAUDERDALE, FL–Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced Vice President Joseph Byrnes (top right photo) has been awarded an exclusive lease listing.

 He is representing landlord Silver Lakes Professional Campus in the lease of 48,800-square-feet of available retail space located at 17720-17796 Pines Boulevard in Pembroke Pines.

 Byrnes currently represents more than 800,000 square feet of office, industrial and retail space. He is a retail real estate specialist in the capacity of landlord and tenant representation.

 Contact:

 Marielle Sologuren

Pierson Grant Public Relations

(954) 776-1999, ext. 226

msologuren@piersongrant.com

Banks to Have More Commercial REO Properties on Balance Sheets

 ATLANTA, GA – Expect banks to have more real-estate-owned (REO) assets on their balance sheets in the coming years as they become more aggressive in dealing with troubled loans.

 That was one of the points made during the most recent episode of the “Commercial Real Estate Show,” which provided an in-depth examination of the U.S. banking industry and the distressed real estate market. Topics included bank failures, tips for lenders and borrowers saddled with non-performing assets, short sales, and selling notes and foreclosed properties.

Discussing the likely rise in REO properties, Christopher Marinac (top right photo), a managing principal and director of research for FIG Partners LLC, said, “The marketplace is very positive on banks, and bank stocks have done better the last couple of months, but there still is the mechanical disposition of [troubled] assets, and there’s a lot out there to still be done.”

 The number of bank failures is likely to decline to around 60 in 2012, Marinac added, a figures he attributes in part to the improving health of the industry and also to the FDIC’s reluctance to aggressively close institutions in an election year. Out of the 7,000 banks and savings and loans, about 850 are on the FDIC’s troubled list, he said.

 U.S. banks currently have about $10 trillion in total assets; approximately $300 billion of those assets are REO properties, Marinac estimated. “But remember, that’s just the assets that have been foreclosed,” he said. “If you look at the pipeline of problems that are out there, it’s a bigger number, and there’s the shadow inventory of potential problems out there.”

 Rob Whitmire (middle left photo), a partner with Bull Realty and director of the firm’s Special Assets Services Group, said a lender should react swiftly when a loan first shows signs of trouble. The lender should begin compiling reports on the underlying asset at that time and should “get all the information from the borrower [it] can when [it] still [has] a good relationship” with the borrower, he said.

 Borrowers should be quick to act in the same situation as well. “Delay will not help,” said Richard Gaudet (middle right photo), principal of Glass Ratner, a financial advisory firm.

 It’s also a mistake for distressed borrowers to “get greedy,” Gaudet added. “I often get people that walk in and in the first meeting they say, ‘I just want to do the right thing. Help me get this debt paid off.’ By the third meeting, they’re saying, ‘How much more can I get?’”

As for banks trying to sell foreclosed properties, it’s critical that they map out a process for countering offers from potential buyers, guests noted. “You don’t want to tell the buyer, ‘No, we don’t like you. Go away,’” show host Michael Bul (lower left photo)l, founder and president of Bull Realty, said. “When you don’t counter, that’s kind of what you’re saying.”

 The next “Commercial Real Estate Show” will be available April 5 and will examine when businesses should buy their own office space.

 Contact:

Stephen Ursery

Wilbert News Strategies

E-mail: sursery@wnspr.com

Office: (404) 965-5026

Cell: (404) 405-2354

http://www.wnspr.com/

HFF marketing for sale The North Shore Hotel in Evanston, IL

CHICAGO, IL – HFF announced today that it has been named to market for sale The North Shore Hotel (top left photo), a 185-unit independent living retirement community in Evanston, Illinois. 

HFF is marketing the property on behalf of the seller, IRMCO Properties & Management Corporation. 

The North Shore Hotel is situated on a 1.5-acre site at 1611 Chicago Avenue across the street from Whole Foods and within walking distance of Northwestern University in Evanston. 

Originally built in 1919, the property has a six-story main building plus a single-story retail building to the immediate north.  Units are offered in studio, one- and two-bedroom layouts as well as room-only options without kitchens.

 The 90 percent occupied property currently offers residents three meals per day, daily housekeeping services, bath and linen service and a 24-hour front desk attendant.

 Community amenities include a pool, library, billiard room, fitness center, movie theatre, arts and crafts studio, ice cream parlor, grand ballroom, computer lab and on-site medical services and Wellness Center.

The HFF investment sales team representing IRMCO is led by executive managing director Matthew Lawton and managing directors Sean Fogarty, Marty O’Connell, Ryan Maconachy (middle right photo), Brian Kelly and director Chad Lavender (middle left photo).

“Due to its outstanding location, the property also provides an adaptive re-use opportunity to student housing or conventional multi-housing investors,” said Lawton.

Contacts:

SEAN P. FOGARTY                                 

Managing Director                                      

(312) 528-3675                                         

sfogarty@hfflp.com                                     

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com