HFF named to market for sale three iconic San Francisco Bay Area hotels

SAN FRANCISCO, CA – HFF (Holliday Fenoglio Fowler, L.P.)  has been named to market for sale Nob Hill Properties, Inc. (NHP), a Sub S corporation, whose assets are comprised of three iconic, generational hotels in the San Francisco Bay Area – The Huntington Hotel in San Francisco, California and the La Playa Hotel and Cottages-by-the-Sea in Carmel-by-the-Sea, California, in which NHP holds a fee interest in the properties, as well as the Galleria Park Hotel in San Francisco, California in which the corporation holds a leased-fee interest in the land beneath the hotel.

Potential investors should note that the Nob Hill Properties, Inc. as a corporation is only selling its leased fee interest as a ground lessor in the land beneath the Galleria Park Hotel.

Investors interested in acquiring Nob Hill Properties, Inc. should be directed to HFF senior managing directors Michael Leggett (top right photo)  and Gerry Rohm,  (top left photo)  who will lead the investment sales team on behalf of the seller.

“These are generational hotels that have not been available to investors for more than 50 years, with two of the three being unencumbered by management and flag. The Huntington Hotel, constructed in 1924, has been significantly renovated throughout the years and has never been offered for sale. The opportunity presents investors with a blank canvas for the launching or dramatic enhancement of a luxury brand, creating their own vision through the ownership of three iconic hotels in truly irreplaceable locations,” said Leggett.


Contacts:

Michael Leggett, CA Lic. (#01056334), HFF Senior Managing Director, (713) 852-3500, mleggett@hfflp.com
Gerry Rohm, CA Lic. (# 01367742), HFF Senior Managing Director, (415) 276-6924, grohm@hfflp.com
 Kristen Murphy, HFF Associate Director, Marketing, (415) 276-6935, krmurphy@hfflp.com

HFF arranges financing for Meadow Chase Apartments in West Des Moines, Iowa

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.)  has arranged financing for Meadow Chase Apartments, an 86-unit multi-housing complex in West Des Moines, Iowa.

Working exclusively on behalf of an affiliate of Abacus Capital Group, LLC, HFF senior managing director Mona Carlton (lower right photo)  placed the seven-year, fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation). Loan proceeds are being used to acquire the property. HFF will service the loan through their Freddie Mac Program Plus® Seller/Servicer program.

Meadow Chase Apartments is located at 5234 Boulder Drive in West Des Moines close to Interstates 35 and 80 in West Des Moines. The 97% leased property has 13 two-story buildings with two-bedroom units averaging 935 square feet each. Community amenities include a leasing office, a picnic area and 62 parking garages.

Contacts:

Mona K. Carlton, HFF Senior Managing Director, (214) 265-0880, mcarlton@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF represents BioMed Realty Trust in $53M  purchase of five life science buildings in Rockville, MD

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced  their role in the sale of a five-building, 217,983-square-foot, state-of-the-art office/laboratory campus plus adjacent land parcel in Rockville, Maryland, previously owned by the J. Craig Venter Institute (JCVI).

HFF senior managing directors Jim Meisel  (lower left photo) and Dek Pott (lower right photo) and senior real estate analyst Jimmy Barter represented the buyer, BioMed Realty Trust, Inc. BioMed purchased the property from JCVI for $53 million. JCVI is leasing back the entire campus.

The JCVI property is located at 9704-9712 Medical Center Drive, adjacent to the 300-acre Shady Grove Life Sciences Center, and close to the National Institute of Standards and Technology and the National Institutes of Health in Rockville. Completed between 1995 and 2004, the property is fully occupied by JCVI, a not-for-profit world-leader in genomic research.

“JCVI is situated in the heart of the Interstate 270 Corridor, commonly known as ‘DNA Alley’, where the life sciences industry has been a growth engine for more than 20 years. This will be a beneficial transaction for both parties for a significant period of time,” said Meisel.

BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. BioMed acquires, develops, owns and operates laboratory and office space.

Contacts:
James A. Meisel, HFF Senior Managing Director, (202) 533-2500, jmeisel@hfflp.com
Stephen 'Dek' Potts Jr., HFF Senior Managing Director, (202) 533-2500, dpotts@hfflp.com
 Kristen M. Murphy, HFF Associate Director, Marketing , (713) 852-3500, krmurphy@hfflp.com