National Retail Properties, Inc. Announces Convertibility Of Notes

ORLANDO, FL /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") announced that the market price condition on its 3.95% Convertible Senior Notes due 2026 ("Notes") has been satisfied, and that the Notes will be convertible during the calendar quarter beginning October 1, 2012.

The Notes are currently convertible at a rate of 42.543 shares of the Company's common stock per $1,000 principal amount of Notes.  Pursuant to the terms of the indenture, the conversion rate is subject to certain adjustments during the period in which the Notes are convertible.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2012, the company owned 1,506 properties in 47 states with a gross leasable area of approximately 17.8 million square feet.

For more information on the company, visit www.nnnreit.com.

Sustainable Florida Gives First Green Bank in Mount Dora, FL Sustainable Green Building Award at 15th Annual Best Practice Awards Banquet

Ken Laroe (left) and  Paul Rountree

 Mount Dora, Fla. --- Sustainable Florida, an independent non-profit organization that promotes efforts to preserve Florida’s environment while building markets for Florida’s businesses, has presented First Green Bank of Mount Dora with its Sustainable Green Building Award.

 Kenneth LaRoe, chairman of First Green Bank, said the Sustainable Green Building Award recognizes the pioneering role the bank has played in developing its headquarters facility on U.S. 441 in Mount Dora---the second privately owned commercial building in Florida, and the first of two in Lake County to meet the U.S. Green Building Council’s Platinum Standard for sustainability and energy efficiency.

 “Our mission is to encourage more sustainable communities that can rebuild our economy from the ground up,” LaRoe said.

First Green Bank, Mount Dora, FL

First Green Bank was named one of America’s Greenest Banks by the American Banking Association and the Independent Bankers Association.

 A recent survey of 7,300 U.S. banks by MSN.com ranked First Green Bank one of the 359 safest banks in America and the only Central Florida bank to earn that distinction.

 For more information about this press release, contact:  

 Kenneth E. LaRoe, CEO and Chairman, First GREEN Bank, 352-483-9100, ken@firstgreenbank.com

Paul Rountree, President, First GREEN Bank, 352-483-9100, paul@firstgreenbank.com

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 or 407-461-3780, lvershelco@aol.com   

Award-Winning Madison Park for Sale in High-Growth Anaheim, CA

ANAHEIM, CA, Sept. 28, 2012 – Marcus & Millichap/Institutional Property Advisors (IPA), a multifamily brokerage firm serving the needs of institutional and major private investors, has the exclusive listing to market Madison Park (top left photo), an irreplaceable 768-unit apartment community located in Anaheim. The property is for sale on an open-bid basis. 

            Greg Harris (lower right photo), an executive vice president investments, and Kevin Green and Joe Grabiec, both directors of Marcus & Millichap/IPA, are representing the seller, Palo Alto-based Pacific Urban Residential.

Greg Harris

“Madison Park services an under-supplied segment of the submarket for luxury living at an affordable price,” says Harris. “With its unrivaled amenities package and modern interior aesthetic, the community has a tremendous competitive advantage in a rental market that is incredibly tight.  We expect investors to view this offering as a very rare opportunity to acquire instant scale in one of the country’s strongest apartment markets,” adds Harris.

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

 Stacey Corso

Public Relations Manager

(925) 953-1716

Children’s Healthcare of Atlanta Signs 33,000-SFLease at 1605 Chantilly Drive

  

ATLANTA, GA (Sept. 28, 2012) – Lincoln Property Company Southeast has brokered Children’s Healthcare of Atlanta’s renewal and expansion of its lease at 1605 Chantilly Drive (top left photo). The 37,000-square-foot office building located near Interstate 85 in Atlanta’s North Druid Hills submarket is now 100 percent leased.

 The building is owned by CRM Central Properties LLC. Hunter Henritze and Michael Howell (lower right photo), vice presidents of office leasing for Lincoln, worked closely with CRM’s asset management team, The Roseview Group, in negotiating the transaction. Brandon Wallace of CBRE Group represented the tenant.

Children Healthcare’s expansion includes 6,144 square feet on the first floor and 14,561 feet on the third floor. The company now occupies a total of 33,305 square feet in the building, which is located only a mile from the Children’s Healthcare of Atlanta Office Park and has direct visibility from Interstate 85.

 Lincoln also will represent CRM Central Properties in the marketing of the building for immediate sale.

 “The building at 1605 Chantilly Drive offered an ideal spot for Children’s Healthcare to expand, with its close proximity to the company’s office park,” Howell said. “Furthermore, the company’s expansion should make this an extremely attractive and stable investment for potential buyers. We’re excited about the chance to take this well-located asset to market.”

 For More Information, Contact

 Stephen Ursery

Wilbert Public Relations

404-965-5026

sursery@wnspr.com

Marcus & Millichap Sells 2,370-SF Taco Bell in Delray Beach, FL for $2.55 Million

  

DELRAY BEACH, FL, Sept. 28, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Taco Bell, located in Delray Beach, FL, according to Kirk A. Felici (lower left photo), First Vice President/Regional Manager of the firm’s Miami office. The asset commanded a sales price of $2,550,000.

Senior Associate Gabriel Britti (top right photo)in Marcus & Millichap’s Miami office had the listing to market the property on behalf of the seller, a private investor from Hollywood, FL.  The buyer, a limited liability company from Miami Beach, FL, was also secured and represented by Britti. 

“There is a very strong demand for South Florida net leased assets, especially those with strong intrinsic value. It is difficult to keep net leased assets in the tri-county area in stock and multiple offers were procured on this asset within the first couple weeks of marketing,” said Britti. 

Taco Bell is located at 240 Linton Blvd in Delray Beach.

Press Contact:

 Kirk A. Felici

First Vice President/Regional Manager,

Miami

(786) 522-7000

Gladstone Commercial Corporation Announces Property Acquisition in Jupiter, FL

MCLEAN, VA, Sept. 27, 2012 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") reported today that it purchased a 60,000 square foot office building located in Jupiter, Florida for $15.5 million.  The building is fully leased to G4S Secure Solutions USA, Inc. on a long term basis.

G4S Secure Solutions USA, Inc. is one of the largest operating subsidiaries of G4S, the world's largest provider of security solutions, with operations in 125 countries. 

G4S specializes in business processes and facilities in sectors where security and safety risks are considered a strategic threat, with expertise in the assessment and management of security and safety risks for buildings, infrastructure, materials, valuables and people.

"We are excited to add this well located class A office building that serves as the headquarters for a strong tenant to our portfolio," said Matthew Tucker (top right photo), the director of our investment adviser responsible for the transaction.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.

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

 Gladstone Commercial Corporation

+1-703-287-5893

Web Site: http://gladstonecommercial.investorroom.com 

www.gladstonecompanies.com.

Q3 2012 Survey: 18% Of Newly Proposed Condo Units 'Sold' In South Florida

MIAMI, FL -- Developers have "sold" about 18 percent of the 10,500 newly proposed condo and condo-hotel units slated to be constructed in the coastal South Florida region of Miami-Dade, Broward, and Palm Beach counties through the third quarter of 2012, according to a new report from CondoVultures.com.

As of Sept. 27, 2012, buyers have agreed to purchase - categorized as "sales" by developers - more than 1,850 condo and condo-hotel units on a presale basis in the 25 towers with nearly 3,500 units that are currently in the midst of selling or have recently been constructed in South Florida as the region shows signs of recovering from the crash that began in 2007, according to a survey conducted by the licensed Florida brokerage CVR Realty™.

An additional 47 proposed towers with more than 6,900 units are being planned but have not yet launched presales as of the end of the third quarter of 2012, according to the survey that is based on the CVR Realty™ Proposed Condo Projects list.

"The buyer appetite appears to be changing as prices - and competition - for distressed real estate increases in South Florida," said Peter Zalewski (top right photo), a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

"As prices have increased and inventory has decreased in recent years, some buyers - especially foreign nationals with currency advantages - are seriously looking at preconstruction condos as a way to get into the South Florida real estate market. Domestic buyers, however, appear to be less interested in preconstruction condo projects given the deposits requirements being demanded by developers.

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

Condo Vultures® LLC is a real estate consultancy and marketing company based in the 225 Midtown Building at 225 NE 34th St., Suite 209B, Downtown Miami, Florida, 33137. Condo Vultures® LLC can be reached at 800-750-0517.

MetWest International Sees Increase in Leasing Activity

TAMPA, FL, Sept. 28, 2012 – MetWest International (above centered photo), MetLife’s mixed-use development located in Tampa’s Westshore Business District, has seen an increase in leasing activity this summer with over 35,600 square feet leased.

Two firms have signed leases this month on the heels of the Ameriprise, BankUnited and Cooper’s Hawk Winery & Restaurant announcements.

Vaco Tampa, LLC, a consulting and placement firm specializing in the finance and technology sectors has leased 4,345 square feet at MetWest One. The firm was represented by Tim Kilkelly with CNL. 

Real Time Staffing Services, Inc. has signed a lease for 2,215 square feet at One MetroCenter.  The firm was represented by Caleb Lewis with Bishop & Associates.

Angela Odell (top right photo) of Taylor & Mathis represented owner MetLife in both transactions.

MetWest International is an award winning, mixed-use center developed by MetLife. Located across from Tampa International Airport and International Plaza in the Westshore Business District, MetWest International includes One MetroCenter, the Gold LEED Certified MetWest One and MetWest Two. 

A third office building will be started as demand dictates.  Two well known restaurants, Kona Grill and Texas de Brazil, have located their first Tampa locations in the project’s retail village with a third Cooper’s Hawk Winery & Restaurant scheduled to open early next year.  When complete, the pedestrian-friendly, urban-oriented development will include:

Nearly one million square feet of Class A office space

74,200 square foot retail village

260 room full-service upscale hotel

254 residential units 

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

Kelly Anderson

ASSET MARKETING, INC

kelly@assetmarketingonline.com

www.assetmarketingonline.com

www.metlife.com/realestate

www.TaylorMathis.com.

Colliers International Completes Sale of Industrial Building in Santa Fe Springs, CA

  

 SANTA FE SPRINGS, CA. (Sept. 27, 2012) Colliers International, the third largest global real estate services organization, has completed the $1.5 million sale of a two-building industrial property totaling 12,756 square feet located at 13203-13217 Rosecrans Ave. (lower left photo) in Santa Fe Springs, Calif. Built in 1987, the property is situated on one-half acre of land.

Chuck Wilson (top right photo) of Colliers International represented the seller, MCBC, an investor based in Irvine, Calif. The buyer was Santa Fe Springs-based First Business Machines, a copy machines sales and rental company.

“The new owner, First Business Machines, is relocating from a neighboring property as they had the chance to buy this asset. They will remodel one of the buildings which will be used for its business operations,” said Wilson.

 “The second building is currently leased to two tenants, which provides the owner additional income and the potential to expand in the future if necessary.” 

Wilson added that the Santa Fe Springs industrial market is very strong with just a 3.7 percent vacancy rate.

 Contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Marcus & Millichap Announces Sale of Arlington Square in Deland, FL for $780,000

 DELAND, FL, Sept. 27, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Arlington Square (top left photo), a 34-unit apartment property located in Deland, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. 

The asset commanded a sales price of $780,000.

Michael Donaldson (lower right photo), a senior associate and multifamily specialist in Marcus & Millichap’s Tampa office represented the buyer, a private investor based in Aventura, Florida.

Arlington Square was built in 1971 and is located at 302 South Spring Garden Avenue.  The property consists of three concrete block buildings with pitched composition shingle roofs resting on 1.47 acres.  Amenities at the property include a swimming pool, electric stoves, dishwashers and a laundry facility.

Press Contact:

Richard D. Matricaria

Regional Manager, Tampa

(813) 387-4700

HFF arranges $21.5 million financing for student housing community in Minneapolis

CHICAGO, IL – HFF announced today that it has arranged $21.5 million in financing for Stadium Village Flats (top left photo), a 120-unit, 235-bed, Class A, purpose-built student housing community serving the University of Minnesota in Minneapolis, Minnesota.

                HFF worked on behalf of Harrison Street Real Estate Capital, LLC to secure the 10-year, fixed-rate acquisition loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Stadium Village Flats is located adjacent to the University of Minnesota’s main campus in the Stadium Village neighborhood at 850 Washington Avenue Southeast. 

The newly completed property is 100 percent resident-occupied and includes a climate-controlled underground parking garage as well as 19,175 square feet of ground floor retail space, which is 100 percent leased to CVS, Noodles & Company and Dino’s Gyros.

 Community amenities include fully furnished units, state-of-the-art theater room, 24-hour fitness center, yoga studio, computer lab, gaming center and penthouse-level sky lounge. 

The HFF team representing the borrower was led by managing directors Timothy Joyce (lower right photo)and Stephen Skok.

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

KRISTEN MURPHY

HFF Associate Director, Marketing

 (713) 852-3500

krmurphy@hfflp.com

HFF arranges $23.2 million in financing for Scottsdale, AZ retail center

  

LOS ANGELES, CA – HFF announced today that it has arranged $23.2 million in financing for Scottsdale Horizon (top left aerial photo), a 154,766-square-foot, neighborhood shopping center in Scottsdale, Arizona.

Working on behalf of a private real estate fund advised by Crow Holdings Capital Partners, L.L.C., HFF placed the five-year, fixed-rate loan with a correspondent life insurance company.  Loan proceeds were used to acquire the property.  HFF will also service the loan. 

Scottsdale Horizon is located at 14850 N. Frank Lloyd Wright Boulevard, less than one mile from the Loop 101 Freeway and adjacent to the Scottsdale Airpark in northern Scottsdale.  Completed in 1997, the property is 95 percent leased and anchored by Safeway Food and Drug and CVS/Pharmacy.  Additional tenants include Chase Bank, H&R Block, Supercuts, Massage Envy, Jack in the Box, Panda Express and Bank of America.

The HFF team representing the borrower was led by senior managing director Paul Brindley (lower right photo).

  

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

KRISTEN MURPHY

HFF Associate Director, Marketing

 (713) 852-3500

krmurphy@hfflp.com

Texas Panhandle Multifamily Property Hits the Market at $16.2 MillionTexas Panhandle Multifamily Property Hits the Market at $16.2 Million

 AMARILLO, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing for Arden Ridge Apartment Homes (top left photo), a 218-unit multifamily community in Amarillo, the largest city in the Texas Panhandle.

The listing price of $16.2 million equates to $74,312 per unit and $104 per square foot.

            Joe James (middle right photo) and Kent Myers (lower left photo), senior associates, along with J. Patrick Burke, an associate, all in Marcus & Millichap’s Austin office, are representing the seller, a regional owner.

 “The Amarillo multifamily sector has proven itself to be one of the strongest secondary markets in Texas,” says Myers.

“Arden Ridge Apartment Homes is a high-quality asset with historically strong occupancy rates that is currently 99 percent occupied,” adds James.

            The 156,318-square foot property is located at 6302 Blake Ave. in southern Amarillo near Interstate 27, a major traffic artery with access to the central business district. West Texas A&M University is located nearby.

Arden Ridge Apartment Homes was constructed on 12 acres in two phases in 2008 and 2011. The unit mix features 101 one-bedroom/one-bath units, 97 two-bedroom/two-bath apartments and 20 three-bedroom/two-bath apartment homes. The floor plans range from 570 square feet to 1,038 square feet. The average unit size is 717 square feet.

            The property is a pet-friendly community that features on-site management and offers tenants free high-speed Internet connectivity and free access to a DVD library. Other amenities include a fitness center, a tanning salon, a swimming pool, an Internet-equipped business center and a printer. Fully furnished corporate suites are also available.

Contact:

Stacey Corso

Public Relations Manager

(925) 953-1716

CBRE Orlando Closes 400-Unit Multi-Housing Site in Celebration, FL

ORLANDO, FL -- CBRE is pleased to announce that it has

completed the sale of a multi-housing development site in Celebration, an upscale planned community in the Orlando MSA.

Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively represented the seller in the transaction. The project will be the first multi-housing rental community built in the prestigious Celebration community since 2002.

Occupancy and rents at local rental properties have continued to improve. CBRE’s latest market report suggests that average apartment rents in Orlando will increase 4.1% in 2013 with occupancy reaching 94.6%.

While select projects are being approved and financed for construction, new multi-housing development in the metro area continues to be minimal with only 1,508 and 2,731 units slated for completion in 2012 and 2013. With a total rental pool of 191,394 units, those deliveries represent less than 1.5% of total supply in each year and less than 1/3 of the rentable completions delivered in peak years such as 2006 and 2007.

The closing was a market-leading 29th multi-housing transaction locally in 2012 year to date for CBRE.

 For further information, please contact the Central Florida Multi-

Housing Group of CBRE.

Shelton Granade

T 407.839.3103

Executive Vice President

shelton.granade@cbre.com

Luke Wickham T

Director of Operations

407.839.3130

luke.wickham@cbre.com

Justin Basquill

Associate

T 407.839.3169

justin.basquill@cbre.com

Invest Atlanta Chooses Consultants for Strategic Planning for Westside Tax Allocation District

 ATLANTA, GA  – Invest Atlanta, the city of Atlanta’s economic development agency announced that APD Urban Planning and Management (APD) — in association with Cooper Carry, Kimley-Horn and Associates (KHA) and Planners for Environmental Quality (PEQ) — has been selected as consultants for the provision of comprehensive, strategic and implementation planning services for the Westside Tax Allocation District (TAD) Neighborhood Area.

The Westside TAD Neighborhood Area lies south of Jefferson Street, east of Joseph E. Lowery Boulevard, north of Martin Luther King Jr. Drive and west of the railroad tracks. It includes the VineCity and English Avenue communities.

The purpose of the project is to create a comprehensive implementation plan for the Westside TAD Neighborhood Area to create jobs and enhance the quality-of-life for the area’s residents.

“Finding a viable redevelopment strategy for this part of the city is critical to ensure its long term economic stability,” said Mayor Kasim Reed (top right photo), chairman of Invest Atlanta. “With the many challenges facing this area, it's time we invest in the Westside so the residents can benefit from the creation of jobs and an improved quality of life.”

“These historic communities can once again be a treasure and a point of pride for Atlanta,” said Brian P. McGowan (lower right photo), president and CEO of Invest Atlanta. “What we intend to do is create a consolidated implementation strategy to improve quality of life, create jobs and sustainable economic growth.  We know this work will be tough but the people and families that live in these communities deserve this.  The market timing is right to get it done.”

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

Elizabeth Hagin

O: 404-965-5023

C: 678-642-4301

@elizabethhagin

Los Angeles County Shopping Center Fetches $15.7 Million

  

 SAN DIMAS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of San Dimas Station (top left photo), a 148,958-square foot shopping center in the eastern San Gabriel Valley city of San Dimas. The sales price of $15,750,000 equates to $106 per square foot.

            Alan Krueger (middle right photo), a senior vice president investments, and Richard Longobardo (lower left photo), an associate vice president investments, both in Marcus & Millichap’s Ontario, Calif. office, represented the Northern California-based seller. Krueger and Longobardo also represented the buyer, a local private investor.

“The property attracted strong interest from a wide variety of investors,” says Krueger. “Buyers have been tracking the Los Angeles area’s continuing retail recovery and keeping an eye out for well-located retail centers.”

“The San Dimas Center’s location in a trade area that is highly developed with little land available for new development and high barriers to entry make it especially attractive,” adds Longobardo.

The property is located at 515 West Arrow Highway with excellent visibility from California State Route 57, the Orange Freeway, and is easily accessible from an Arrow Highway off ramp. The shopping center has two sections, an 88,205-square foot north section and a 60,753-square foot southern section, which make the property easily accessible from both north and south.

San Dimas Station was constructed on 16 acres between 1986 and 1987. The architectural style of the center reflects the area’s equestrian character.

Major tenants of the property include 99¢ Only, Baskin Robbins, Furniture Depot and Zendejas Mexican Restaurant.

Contact:

Stacey Corso

Public Relations Manager

(925) 953-1716

Vestar and UBS Global Asset Management Acquire Riverside Plaza in Riverside, CA for $84.84 Million

 RIVERSIDE, CA– Vestar, in a joint venture with a fund advised by UBS Global Asset Management, announced today that it has acquired Riverside Plaza (top left photo), a 475,211-square-foot retail center located on 35 acres in Riverside, Calif., for $84,844,000 in an all cash transaction.

 The acquisition marks one of the largest investment sales transactions in Southern California's Inland Empire region in the past 10 years.  Vestar currently manages more than 22 million square feet of retail properties in the West.

“Riverside Plaza provides us with a value-added investment opportunity in a premier region of Southern California ,” said Rick Kuhle (middle right photo), President of Vestar.  “Our goal is to significantly upgrade the center with new landscape and amenities while bringing in new retailers."

                Kuhle continued by saying that we are very bullish about these types of value-added investment opportunities and are aggressively seeking more properties like it throughout the West.

  "Riverside Plaza is one of the premier retail centers in Southern California and we are excited to be adding it our portfolio ," said Jeff Axtell (middle left photo) Vestar Director of Acquisitions and Development.  "The property provides Vestar with stable cash flow with a strong demographic mix."

                Located adjacent to the heavily traveled I-91 Freeway, Riverside Plaza is 92 percent leased and  anchored by Vons Supermarket, Trader Joes, CVS Pharmacy and Regal Cinemas Stadium 16.

 The premier retail center also features other nationally-recognized tenants including Forever 21, Chico’s, JoS. A. Bank, El Torito, California Pizza Kitchen, Islands Burgers, Chase Bank, Panera Bread, Chipotle, Wendy’s, and El Pollo Loco. 

                The HFF team of Bryan Ley (bottom right photo), Ryan Gallagher, John Crump and CJ Osbrink represented the seller, Westminster Funds, in the transaction.  Vestar represented itself in the transaction.

Contact:

David Ebeling

 Ebeling Communications

 (949) 278-7851

 david@ebelingcomm.com

www.hfflp.com.

www.vestar.com

John Smotryski Joins Colliers as Director of Project Management in Miami, FL

MIAMI, FL - Colliers International South Florida is pleased to announce that John Smotryski (top right photo) has joined the firm as Director of Project Management. Project management services include providing owner representation for managing ground up developments, the rehabilitation of existing assets and tenant improvement projects.

"My mission is to represent and protect the owners' interest in every decision and every issue as if it were my own," says Smotryski.

 Smotryski is a Florida Certified Building Contractor and a LEED Accredited Professional who has more than 20 years of experience in strategic planning and execution of construction operations. He is a specialist at leading design and construction teams, identifying cost savings and accelerating schedules for clients. Smotryski served as senior project manager for a number of South Florida projects, including the Mint Condominium in Downtown Miami, topping out two months ahead of schedule.

"The addition of John and his experience fills a void our clients have been seeking lately as development and rehabilitation work gains momentum," says Stephen Nostrand (lower left photo), Chief Executive Officer of Colliers International South Florida. "Now when we sell land to a developer or lease space to a user, or accept a receivership assignment that requires a property upgrade, it is a seamless transition that delivers additional benefits to the relationship. Many companies in our industry say they deliver a comprehensive service package but this particular niche is often ignored as an in-house capability," he adds.

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

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com

HFF named to market sale of Milwaukee, WI Pick ‘n Save grocery-anchored center

CHICAGO, IL – HFF announced today that it has been named to market the sale of East Pointe Marketplace (top left photo), a 57,888-square-foot, Pick ‘n Save grocery-anchored shopping center in Milwaukee, Wisconsin.

                HFF is marketing the property on behalf of the seller, a joint venture between Milwaukee based Northwestern Mutual and Mandel Group.  The asset is listed without a formal asking price free and clear of existing debt. 

East Pointe Marketplace is located at 605 East Lyon Street in downtown Milwaukee.  The fully leased property is anchored by Pick ‘n Save, which is Milwaukee’s dominant grocer by market share.  Additional tenants at the center include Starbucks, Einstein Bros. Bagels, Noodles & Co. and Five Guys. 

                The HFF investment sales team representing the seller is led by director Daniel Kaufman (middle right photo) and associate director Amy Sands (lower left photo) in the Chicago office, and senior managing directors Jim Batjer and Barry Brown in the firm’s Dallas office.

 “Pick ‘n Save is Milwaukee’s absolute market dominant grocer with more than 45 percent market share,” said Kaufman.  “The center has been institutionally owned and has been downtown Milwaukee’s dominant grocery anchored community center since completion.” 

                “East Pointe will command significant interest from the investor community given the center’s dominant positioning at the center of Milwaukee’s thriving downtown residential, student and daytime office population base,” added Sands.

          

                Mandel Group, Inc. is a national award-winning builder and developer headquartered in Milwaukee.  Founded in 1991, the group has transacted more than $800 million of residential and commercial developments and acquisitions.  It provides integrated real estate services with operations in development, construction and property management, and currently operates approximately 4,000 residential units.  www.mandelgroup.com 

  

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

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF named to market for sale three office property offerings located in Florida and Texas

MIAMI, FL – HFF announced today that it has been named to market the sale of three office/office park properties in Florida and Texas.  The properties are: Pelican Bay Financial Center (top left photo) in Naples, Florida; University Park (middle right photo) in Fort Myers, Florida; and CenterPoint I, II & III (lower left photo) in Arlington, Texas.

                The properties represent the final North American holdings for a family-owned company based in Germany.  The assets may be purchased individually or as a portfolio.

Pelican Bay Financial Center is a 61,145-square-foot, Class A office building that is fully leased to tenants including Morgan Stanley and UBS.  The property is situated at the entrance to the affluent residential community of Pelican Bay, and is close to The Club at Pelican Bay, The Ritz Carlton Naples and The Waldorf Astoria.

                University Park is a four-building, Class A office park totaling 166,391 square feet plus a development site zoned for an additional 144,000 square feet.  The property is 57 percent leased to tenants including Morgan and Morgan P.A., Source Medical, Amerprise Holdings and Investors’s Security Trust Company of Florida.  Located at the intersection of Summerlin Road and College Parkway, University Park is close to the Lee County Campus of Edison State College, the Gulf Coast Medical Center and Interstate 75 in Fort Myers.

CenterPoint I, II and III are situated on 14.19 acres along Interstate 30 within the Arlington Texas Entertainment District that includes the Dallas Cowboys Stadium, Six Flags over Texas and the Rangers Ballpark in Arlington.  The property consists of three office buildings totaling 279,338 square feet that are 94 percent leased to tenants including North Central Texas Council of Governments.    

The HFF investment sales team representing the seller is led by executive managing director Manuel de Zárraga, senior managing director Hermen Rodriguez and director Ike Ojala in HFF Miami and director Elizabeth Malone in HFF Dallas.

Contact:

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

HFF hires James Koury as senior managing director in its Boston office

BOSTON, MA – HFF announced today that James Koury (top right photo) has joined the firm as a senior managing director in its Boston office. 

Mr. Koury has been retained to assist with the growth of the firm’s national retail investment sale platform with a focus on transactions in the northeastern United States. 

He has more than 26 years of experience in the commercial real estate industry and has closed the sale of more than 170 shopping centers totaling more than $3 billion and 16 million square feet. 

Prior to joining HFF, Mr. Koury was an executive vice president and partner at CB Richard Ellis. He is a member of the International Council of Shopping Centers and graduated with a Master of Science degree in Finance from Boston College.

“James has deep rooted relationships with nearly all of the key retail buyers and sellers in the region and is widely recognized as a national expert in the area of shopping center sales,” said John Fowler (lower left photo), executive managing director in the Boston office of HFF. 

 “HFF was ranked as the top intermediary for financing retail property by Real Capital Analytics, and one of the top three for retail investment sales in the United States by Real Estate Alert,” Fowler added.

Contact:

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com