HFF closes sale of and arranges financing for Sysmex Corporate Center in Lincolnshire, IL

CHICAGO, IL – HFF announced today that it has closed the sale of and arranged financing for Sysmex Corporate Center (top left photo), a 162,739-square-foot, triple-net leased office property in Lincolnshire, Illinois.

HFF marketed the property on behalf of the sellers, Bridge Development Company, LLC and Globe Corporation. An affiliate of Cole Real Estate Investments purchased the property for $49.7 million cash, free and clear of existing debt.

 HFF also arranged a $22.5 million, fixed-rate financing through a national life company lender on behalf of the buyer.

Completed in 2010, Sysmex Corporate Center is a four-story, Class A, LEED Gold office property that is 100 percent, triple-net leased to Sysmex American, Inc. as its North and South American headquarters.

The lease is guaranteed by Sysmex Corporation, a Japan-based company that is principally engaged in the health care business and is publicly traded on the Tokyo Stock Exchange (TYO: 6869.T).

The HFF investment sales team representing the seller was led by senior managing directors Jeff Bramson (lower right photo)  and Jaime Fink along with director Mark Katz.

HFF’s debt placement team representing the borrower was led by senior managing director Kevin Mackenzie and managing director Stephen Skok.

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

www.bridgedev.com
www.globecor.com

HFF closes sale of mixed-use property in suburban New York City

FLORHAM PARK, NJ – HFF announced today that it has closed the sale of 7 and 17 Popham Road (top left photo), a two-building, 38,510-square-foot retail, medical and upscale recreational-use property in Scarsdale, New York.

HFF marketed the property on behalf of the jointly-controlled sellers, F&R Popham, LLC and F&R Constitution LLC. L&B Realty Advisors purchased the offering.

7 and 17 Popham Road are located adjacent to the Scarsdale Metro North train station in Scarsdale’s six block business district about 20 miles north of New York City.

Completed in 2006, 7 Popham Road has 28,864 square feet of rentable space atop a 10,559-square-foot parking garage. 17 Popham Road, originally built in 1932, has 9,646 square feet. Tenants at the fully leased properties include CVS, Webster Bank and Dunkin Donuts.

The HFF investment sales team representing the sellers was led by senior managing directors Andrew Scandalios and Jose Cruz, and managing directors Jeffrey Julien and Kevin O’Hearn.

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

Henin Homes Appoints Meryl Dunn Director of Marketing in DeBary, FL

DeBary, FL --- The Henin Group, developers of Riviera Bella on the St. Johns River in DeBary, has appointed Meryl Dunn (top right photo) director of marketing.

Matt Boltz, director of sales and operations for Henin Homes, Inc. said Dunn is a graduate of the University of Central Florida with a B.S.B.A in Marketing.  She also holds her real estate license in the states of Florida and New York. 

For more information, contact:         

Matt Boltz, Vice President of Marketing & Operations Henin Homes Inc. 386-668-7811; mboltz@henin-co.com

Jerome Henin, Founder & President, Henin Group / Henin Homes, Inc., 386-668-7811; Jerome@henin-co.com

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

Stirling Sotheby’s International Realty cuts asking price on historic Britt House and grounds in Winter Garden, FL

LAKE MARY, FL. --- Stirling Sotheby’s International Realty has significantly reduced the asking price for a unique and historic luxury home in Winter Garden.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said the three-story, 5,292 square foot  Britt House (top centered  photo), built as a southern mansion for a prominent citrus grower in 1927, includes three office buildings that total 7,256 square feet of space.

The asking price has been reduced from $ 1,750,000 to $ 1,495,000, and the seller is now considering all offers, Soderstrom said.

  

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

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890

 

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

Interstate Hotels & Resorts Announces Management of a Portfolio of Eight Upper Tier Full-Service Hotels

ARLINGTON, VA, Sept. 17, 2012—Interstate Hotels & Resorts today announced it has transitioned management of an eight-hotel portfolio owned by an affiliate of Investcorp International, Inc., a leading provider and manager of alternative investment products.

The portfolio aggregates to 2,096 rooms and consists of one Hilton, five DoubleTree by Hilton hotels, one Marriott and one Sheraton located throughout the United States. (Doubletree by Hilton Hotel Los Angeles, top left photo)

“It is extremely gratifying to earn new business from an existing owner,” said Jim Abrahamson (middle right photo), Interstate’s chief executive officer. “Our depth of experience operating upper upscale hotel brands will enable us to maximize Investcorp’s investment in these outstanding hotels.”

“Most are located in markets where Interstate already has a strong presence and extensive market experience, creating economies of scale that will benefit each property’s bottom line,” said Leslie Ng (lower left photo), Interstate’s chief investment officer. “We look forward to building on our relationship with Investcorp and for further opportunities to work with them.”

For more information, visit www.interstatehotels.com.

Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts, www.facebook.com/InterstateHotels, and http://jobs.interstatehotels.com.



Contact:

Jerry Daly/Lauralee Dobbins
Daly Gray, Inc.
703-435-6293
Lauralee@dalygray.com

Intown Expert Hires Veteran Atlanta Broker J. Dunn

  

Atlanta, GA (Sept. 17, 2012) – Intown Expert, Jennifer Kjellgren & Assoc. is proud to announce the addition of J. Dunn (top right photo) to its real estate team. 

 Dunn joins Intown Expert as an associate broker and brings over a decade of real estate experience to the team, which was the top RE/MAX intown team in the state of Georgia last year, with $14.5 million in sales.

“We are thrilled to have J. join our team.  His expertise in condo sales and his knowledge of the Atlanta market add to an already strong group of real estate professionals,” says Jennifer Kjellgren (middle left photo), founder of Intown Expert.

Dunn has managed 20 of Atlanta’s top new homes projects with revenue totaling over $900 million and he has been in the top tier of Atlanta’s real estate agents for the last decade.

 His accomplishments include the Atlanta Board of Realtors #4 Top New Homes Producer in 2011, the 2000 Greater Atlanta Home Builders Association Professionalism and Rookie of the Year Awards, and he is a life member of the Atlanta Board of Realtors Million Dollar Club.

“Joining the Intown Expert team is a perfect fit for me,” explains Dunn.  “My goal is to make the home buying or selling process easy and enjoyable for our clients.  I aim to be a partner that is there for our clients throughout the process, ensuring they are educated and comfortable every step of the way.”

Intown Expert focuses exclusively on Atlanta’s Intown neighborhood properties. By doing this, the Intown Expert real estate team is able to know Atlanta’s neighborhoods inside and out.

Founded by Jennifer Kjellgren, Intown Expert offers services to those looking to buy or sell a variety of property types found within the city: single-family homes, investment properties, condos, town-homes, lofts, luxury properties and properties bought with the intention of renovation or reselling.

For More Information, Contact:

Heather Anderson

Intown Expert

404.917.0728

heather@intownexpert.com

Prime Biscayne Boulevard Land in Miami, FL Sells for $5.75 M

MIAMI, FL, Sept.17, 2012 - Colliers International South Florida is pleased to announce that a fully designed and approved project to be located on a piece of land at 3360 Biscayne Boulevard (top left photo), has sold for $5.75 million.

David C. Metalonis (middle right photo), CCIM, Senior Vice President - Partner, represented the seller, Lionheart Capital, in exiting its short term hold of the land.

Lionheart Capital secured an option on the land for $3.6M earlier this year from the former ownership group of 3340 Biscayne Boulevard.

The fully designed and approved project, originally called "Boulevard," has a MUSP extension through November 2013 and allows for a 16-story, 127 unit residential tower with ground floor retail.

Upon securing the option on the land, Lionheart Capital engaged Colliers to evaluate all options for the opportunity, including developing the project utilizing the Latin-American sales model, developing multifamily rentals, or selling the land outright.

"There was tremendous interest in all options given the strength of the residential condo and rental markets, the improved transparency of the Latin-American sales strategy, the growth that is taking place along Biscayne Boulevard, Midtown, and the Design District, and the value of having a fully approved project that was shovel ready," says Metalonis.

Ultimately, Colliers was able to procure a $5,750,000 offer from an Argentinian-based development company to purchase the site outright. The price equated to $45,000 per unit and $155 per square foot on the land; a record setting number for the corridor.

"The deal was a win-win for both buyer and seller," explains Metalonis. "Lionheart Capital obtained a record setting price for the property and the buyer stands to profit handsomely by executing the Latin-American sales model that has proven successful for other Miami projects such as Brickellhouse and Millencento."

Other notable projects Lionheart Capital is currently involved with include the redevelopment of the Miami Heart Institute (lower left photo) on Miami Beach and the Ritz Carlton Residences Singer Island in Palm Beach.

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

Voit Real Estate Services Hires Joe Newman as Regional Director of Asset Services for Southern California.

 Orange County, CA. (Sept.17, 2012) – As part of Voit Real Estate Services’ continuing initiative to provide strategic solutions to investors seeking properties throughout the Western United States, Joe Newman (top right photo) has been named Regional Director of Asset Services for Southern California.

In this role, Newman will oversee Voit’s asset services operations in Orange County, Los Angeles, San Diego, and the Inland Empire, according to Mark Read (lower left photo), Executive Managing Director for Voit.

“We have seen a spike in investors re-entering the market and making deals throughout Southern California,” Read says. “Joe’s expertise with institutional and private owners makes him an excellent fit for Voit, where we already think and act like a surrogate owner, because we are an owner.”

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

  Judith Brower/Jenn Quader

  Brower, Miller & Cole

  (949) 955-7940

  JQuader@browermillercole.com