Englewood Construction Hires Benjamin Bowman as Corporate Controller

Benjamin Bowman

                                                                                              

CHICAGO, IL – Englewood Construction, one of the country’s leading commercial construction firms, has hired Benjamin Bowman as the company’s corporate controller. Bill Di Santo, president of Lemont, Ill.-based Englewood Construction, made the announcement.

“With today’s strong commercial real estate landscape and rising construction activity levels, top professionals are in high demand in all areas of our field, including the financial and accounting end of our business,” said Di Santo.

 “In this competitive hiring environment, we are pleased to have found such a great match for our team in Ben. We know his background in the industry and diverse experience will be an asset to our firm as we continue to see growth year over year and a steady pipeline of new work coming our way.”

As corporate controller, Bowman will manage all financial activities including general accounting, management reporting, treasury, tax, and insurance/risk management functions across all of Englewood Construction’s business areas, including divisions focused on retail, restaurant, hospitality/entertainment, industrial, office and senior living construction as well as the firm’s facilities management group.

Bowman joined Englewood Construction from KONE, Inc., a provider of elevators, escalators and automatic building doors, where he served as controller for the global firm’s North American new construction division.

William Di Santo

 He also spent seven years as corporate controller for Westside Mechanical Group, a leading commercial HVACR contractor. 

Prior to entering the construction industry, Bowman held positions as a senior auditor for Sikich LLP, an accounting, advisory, technology and managed services firm, and as a staff accountant for Starcom MediaVest Group.

“Over the course of my career I’ve had the opportunity to work with a variety of companies both in and out of construction, and I believe those different experiences will serve me well dealing with the range of clients and projects a national firm like Englewood manages,” said Bowman. “I look forward to putting my skill set to work for such a well-respected company in this industry.”

Bowman holds a bachelor’s degree in accounting from the University of St. Francis in Joliet, Ill.

   

For more information, please contact:

 Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.hardhatchat.com.

www.eci.build,

Bull Realty Arranges $4 Million NNN Retail Sale in Charlotte, NC

Nancy Miller

ATLANTA, GA (May 17, 2018) — Bull Realty brokered the sale of 37 Sol Southwest Kitchen & Tequila Bar in Charlotte, NC. The sale closed on May 10^th for $4,030,534. 

The 6,000 SF retail property on 1.28 acres was built in 2017 and has a 20-year triple net lease with 4 five-year options. The restaurant has occupied the space since January 1^st.

The team of Michael Bull, CEO, and Nancy Miller, President of the National Net Lease Investment Group with Bull Realty, represented the buyer. The seller, LFH SOL POM Property, LLC, was represented by Carl Brendes and Steve Horvath with Berkeley Capital Advisors, LLC.

Michael Bull

“37 Sol is a new restaurant concept that got started in Charleston. This is the fourth location and is right in front of Charlotte Premium Outlets in a growing part of Charlotte. 

"This is a repeat buyer who is doing a 1031 exchange with multiple properties wanting to diversify his portfolio with various types of single tenant properties,” said Miller.

For more details and information, contact Nancy Miller at 404-876-1640 x 118 or email: NMiller@BullRealty.com.

For more information, contact Bull Realty at 404-876-1640 or Info@BullRealty.com 

Bull Realty, Inc. (www.BullRealty.com) is a commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing, property management and advisory services.

The firm also produces and hosts America’s Commercial Real Estate Show (www.CREshow.com).

Bull Realty NC License # C17910

  For more information, please contact:

Melissa Henry

Communications Manager

Bull Realty, Inc. 

404-876-1640 x 110

BullRealty.com

CREshow.com

ATLCREshow.com

New TRYP by Wyndham Hotel Makes Waves along Fort Lauderdale’s Marina

 FT. LAUDERDALE, FL – TRYP by Wyndham^®, Wyndham Hotel Group’s urban lifestyle brand, opened its newest hotel in Fort Lauderdale, the TRYP by Wyndham Maritime Fort Lauderdale, anchoring the city’s four-star Marina Bay, a premier luxury yacht marina in the celebrated ‘Yachting Capital of the World.’

Celebrating the spirit of the urban traveler, TRYP by Wyndham hotels make it possible for guests to uncover a destination’s authentic, local culture. Fort Lauderdale, a flourishing travel destination with an ever-growing airport, cruise port and convention center, inspired the hotel’s nautical design incorporating nods to the local marine life and sailing culture. 

Kate Ashton

The hotel also features original artwork of South Florida’s underwater splendor by noted marine ecologist and photographer Richard Murphy.

“Symbolized by the picturesque surrounding marina, Fort Lauderdale is a city famous for beautiful beaches, boating canals and upscale dining and boutiques,” said Kate Ashton, senior vice president, TRYP by Wyndham.

 “Offering a true glimpse into that seafaring style, TRYP by Wyndham Maritime Fort Lauderdale personifies the destination through nautical design, marina-centered amenities and local sea-inspired fare.”

The 150-room, new construction hotel is situated on 25 acres with easy access to boat charters, slip rentals and a cabana-lined pool and outdoor deck.

For more information, please contact:

Gabriella Chiera
Wyndham Hotel Group
(973)753-6590
Gabriella.chiera@wyndham.com

www.tryphotels.com.

www.wyndhamrewards.com.

NAI Realvest Negotiates Retail Sublease of Buenaventura Boulevard Building for a New Popeye’s Restaurant in Kissimmee, FL

Veronica  Malolos

ORLANDO, FL and KISSIMMEE, Fla. – NAI Realvest recently negotiated a long-term sublease of the 3,010 square foot retail building at 852 Buenaventura Blvd. near the intersection of Osceola Parkway in Kissimmee.  

Daniel Blackford

NAI Realvest Brokers Veronica Malolos, CRB and Daniel Blackford, CCIM negotiated the transaction representing Sublandlord CKE Restaurants Holdings, Inc. which owns theHardees’s Restaurant brand.

The Subtenant Pop Florida Properties, LLC will open a Popeye’s Chicken at the location in the 4th quarter of this year.  Build out for the Popeye’s restaurant should take approximately six months, according to Malolos.    The Subtenant was represented by Jon Hellein of Hybridge Commercial.

For more information, please contact:

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

HFF announces $47.37 Million in joint venture equity for multi-housing development in Portland, OR

100 Columbia Apartments Rendering, Metro Portland, OR

Ira Virden

PORTLAND, OR, May 16, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $47.37 million in joint venture equity for the development of 100 Columbia, a 347-unit, Class A+ high-rise multi-housing community in the Portland CBD.

Working on behalf of developer, Alamo Manhattan, the HFF team arranged a joint venture equity partnership with Diamond Realty Investments.

100 Columbia is located on a 0.92-acre site that spans the block bound by SW Clay Street, SW 1^st Avenue, SW Columbia Street and SW 2^nd Avenue. 

The site, which has a WalkScore® of 93, will support what will be the nearest high-rise residential building to the Willamette River in the CBD. 

 The site is also one block from Tom McCall Waterfront Park to the east and Keller Auditorium to the west, and is within three blocks of the CBD’s core job center that is home to more than two million square feet of high-rise office.

Mark Erland

Due for completion in 2020, 100 Columbia will include a mix of studio, one- and two-bedroom ultra-luxury units averaging 801 square feet. 

The 20-story development will feature premium interior finishes and community amenities, including an expansive 15,000-square-foot, sixth-floor amenity terrace and a 20th-floor rooftop resident lounge, which will open onto an observation deck offering unobstructed views of the downtown skyline, Mount Hood and the river. 

The property will also include a 16^thfloor rooftop terrace.  In addition to the multifamily component, 100 Columbia will incorporate nearly 15,000 square feet of ground-floor retail, which will provide immediate convenience for residents and office employees in the surrounding area.

Matthew Benson

The HFF equity placement team representing the developer included senior managing director Ira Virden, senior director Mark Erland and director Matt Benson.

For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

www.alamomanhattan.com.

www.diamondrealtyinvestments.com

HFF announces sale of Super Stop & Shop-anchored retail center in Rhode Island

James Koury

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 60,488-square-foot Super Stop & Shop supermarket-anchored shopping center in Richmond, Rhode Island. 

The HFF team marketed the property on behalf of the seller, and procured the institutional buyer.

The property comprises a Super Stop & Shop grocery store, Super Stop & Shop Fuel Center and a 5,000-square-foot Anytime Fitness.  

Located at 22 Kingstown Road, the shopping center is directly at the Interstate 95 and Route 138 interchange, which serves the upscale communities of Narragansett, Block Island and Charlestown. 

There are more than 58,000 residents within the property’s 10-mile trade area with an average household income of nearly $100,000.   

The HFF investment advisory team representing the seller consisted of senior managing director James Koury.

According to Koury, “This represents an attractive opportunity for Agree as Stop & Shop not only has a commanding market share in the state of RI, but there isn’t another grocer to compete with their Richmond store within a 15-mile radius.”

 For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

George Smith Partners Secures Rapid $41 Million Bridge Loan for High-Leverage Acquisition of Office Asset in Silicon Valley, CA

 

Malcolm Davies

SILICON VALLEY, CA – George Smith Partners, one of the nation’s leading commercial real estate capital market advisors, has successfully arranged a high-leverage $41,000,000 bridge loan for the acquisition of a 71,000 square-foot office asset in the Silicon Valley from an institutional seller, according to Malcolm Davies, Principal/Managing Director at George Smith Partners.

“We were able to fulfill this requirement in the required 60-day period available on behalf of Vahe Tashjian of Dutchints Development, the buyer, for whom this acquisition is the largest to date in his portfolio,” Davies explained.

Evan Kinne

“Our entrepreneurial approach makes us the right partner for entrepreneurs, as I myself have been a developer in the past and am clear on the need to meet multiple financing requirements within a specified timeline.”

“In this case, George Smith Partners was able to secure financing for 24-months at an 85 percent loan-to-purchase price, in order to assure accretive equity returns for our client,” Evan Kinne, Vice President at George Smith Partners added. 

“This required our team to canvass the market with multiple potential capital stacks, including mezzanine and preferred equity for the appropriate lender who not only understood the market, but also recognized the strength of this asset within the market.”

Zachary Streit

The financing was arranged by George Smith Partners’ Davies, along with Vice President Evan Kinne, Vice President Zachary Streit, Assistant Vice President Alexander Rossinsky, and Assistant Vice President Rachael Lewis.

Tashjian notes that George Smith Partners was in application in approximately three weeks after getting the assignment and closed within the short escrow period.

“The team at George Smith Partners was able to assist me in creating a smooth acquisition process with a very sophisticated seller, which has strengthened my position in the industry as our firm continues to seek larger assets from this and other institutional owners,” Tashjian added.

George Smith Partners secured the loan at a rate of LIBOR + 5.62 percent. The non-recourse loan is interest-only for the 24-month term.

Rachel Lewis

 Celebrating 25 years in business, George Smith Partners is a leading national provider of capital market advisory services to the commercial real estate industry.

The firm specializes in arranging financing for commercial and multifamily properties, including acquisition, construction, bridge and permanent loans, as well as mezzanine loans, highly leveraged participating loans and joint venture equity.  

The company has arranged more than $44 billion in financing since its inception. Additional information about George Smith Partners is available at www.GSPartners.com.

For more information, please contact:

Lindsay Mackay/Jenn Quader

Brower Group

(949) 955-7940

lmackay@brower-group.com

HFF announces $95.5 Million financing for Meridian at Carlyle in Alexandria, VA

Meridian at Carlyle Apartments, 401 Holland Lane,
Carlyle Neighborhood, Alexandria, VA

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces $95.5 million in acquisition financing for Meridian at Carlyle, a 16-story, 403-unit apartment building in Alexandria, Virginia.

Cary Abod

The HFF team worked on behalf of a joint venture, which includes Lincoln Property Company (LPC), to place the five-year, floating-rate acquisition loan with MetLife Investment Management.

Meridian at Carlyle is located at 401 Holland Lane in Alexandria’s Carlyle neighborhood.  The property is adjacent to a Whole Foods Market, within walking distance to the King Street Metro station and surrounded by more than two million square feet of retail and restaurants and 5.6 million square feet of office space. 

 Meridian at Carlyle features units averaging 779 square feet, three levels of below-grade parking and amenities, including a resort-style pool, barbecue area, putting green, fitness center, club room with billiards, concierge service and on-site dry cleaning service.

Steven Klein

The HFF debt placement team representing the borrower included managing directors Steven Klein and Cary Abod.

“The soon-to-be ‘Lincoln at Old Town’ represents an opportunity to reposition a high-rise multifamily community in an attractive, transit-oriented location with the ability to create value through execution of interior unit renovations and common area amenity upgrades,” said LPC’s Jarl Bliss, executive vice president Mid-Atlantic. 

 “This property is a great addition to our value-add portfolio, and we have strong performance expectations for both the property and the market in the long-term.”

Founded in Dallas, Texas, in 1965, LPC is a full-service, vertically integrated institutional investment and property services platform with offices in the United States and Europe. 

Jarl Bliss

 Since 1965, Lincoln has acquired and developed approximately $35 billion of residential and commercial property.  LPC currently manages 356 million square feet of commercial property and 190,542 multifamily residential units for over 100 separate clients worldwide. 

For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com
http://www.lpc.com/.