HFF arranges $62.4 million refinancing for 56-property national retail portfolio

Michael Trepedino

NEW YORK, NY – HFF announced today that it has arranged a $62.4 million refinancing for a portfolio of 56 retail properties located in 17 states with ING Investment Management.

 The portfolio consisted of 52 retail properties that were existing collateral with ING and four new retail properties that were cross-collateralized into the portfolio.

                HFF worked on behalf of the borrower, Win Properties, to secure the $58.4 million fixed-rate portion for a 15-year term, and a $4 million floating-rate portion for a five-year term.  Loan proceeds are refinancing existing loans on the properties.  The loan will also be serviced by HFF. 

The portfolio included properties in Arizona, California, Connecticut, Florida, Illinois, Indiana, New Jersey, New Mexico, New York, Massachusetts, Michigan, Mississippi, Missouri, Oregon Tennessee, Utah and Virginia.

 The new collateral is located in the New York metro area and includes tenants such as Capital One, Crumbs Bake Shop, Morgan Stanley, Pottery Barn, Sports Authority and Tiffany & Co.  The portfolio consists primarily of free-standing single-tenant retail properties.

The HFF team representing Win Properties was led by senior managing director Michael Tepedino with real estate analyst David Fowler.

Win Properties, Inc. was incorporated in 1986.  It is a 60-plus year-old privately-owned enterprise that invests, develops, leases and manages its portfolio of properties in 35 states plus Canada.  The properties are predominately retail and are either downtown Main Street, freestanding or community strip shopping centers.  Additionally Win owns residential rental apartment units in New York City.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of Class A office property near Houston’s George Bush Intercontinental Airport

15109 Heathrow Forest Parkway, North Houston, TX

HOUSTON, TX – HFF announced today that it has closed the sale of 15109 Heathrow Forest Parkway, a 63,621-square-foot office building in the Interwood Business Park near the George Bush Intercontinental Airport in north Houston.

                HFF represented the seller, 15109 Heathrow Forest LLC, which is a partnership primarily comprised of principals of the Urban Companies and InSite Realty Partners, both of Houston.  

The buyer, Heathrow Forest LLC, was represented by Ed McCool of EEM III Realty Corp, Inc.  Purchase price is confidential.

Dan Miller

 15109 Heathrow Forest Parkway is situated on 4.25 acres within the Interwood Business Park, a 440-acre mixed-use master planned development directly south of Houston’s George Bush Intercontinental Airport and close to the Sam Houston Tollway (Beltway 8), the Hardy Tollroad and Interstates 45 and US Highway 59.  

Completed in 2008, the building is 88 percent leased to five tenants, four of which are branches of the General Services Administration (GSA), which contracts most U.S. Government facilities. 

                The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Martin Hogan.

Martin Hogan

The Urban Group is a full service general contracting firm featuring architectural design, construction management, design/build and a flexible, user-friendly approach to deal structure on all product types. 

InSite Realty Partners is a full service commercial real estate firm focused on maximizing value and return on the approximately $600 million of investments and developments completed by the company since inception in 1994.

Contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

Iconic Bahamas Parcel Comes on the Market

Blue Hole Bay, a/k/a Dean's Blue Hole, Long Island, Bahamas

MIAMI, FL, Jan.  9, 2013 - Colliers International South Florida is pleased to announce that the firm has been retained to exclusively market an iconic Bahamian parcel, Blue Hole Bay, also known as Dean's Blue Hole, a property that has been voted one of the top natural wonders of the world.

Michael T. Fay

The 180-acre parcel, which includes the world's deepest sea cave and breath taking views, is located on the Atlantic coast of Long Island, which is part of the island chain in the Bahamas.

 It is conveniently located 8 miles south of Deadman's Cay Airport along the Queen's Highway, accessible through air and sea. Chairman - Founding Partner Michael T. Fay and Senior Investment Sales Associate Xavier Cossard are representing the owner in the sale.

Xavier Cossard

The parcel is set to be developed as an ultra-luxury resort. "High-end hotels and resorts exist throughout the globe, but having an opportunity to build a world-class resort in one of the true natural wonders is a hard value proposition to equal," says Cossard.

The site was a finalist for designation as one of the "7 Natural Wonders of the World" named by the New 7 Wonders Organization. Blue Hole Bay is made up of two parcels: an inland parcel of ±140 acres and a ±46-acre parcel known as "Whale's Tail" due to its unique tail-like shape.

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

Lincoln Property Company Southeast Brokers Sale of Fayetteville, GA Building to This Is It! BBQ

Denton Shamburger

 ATLANTA, GA (Jan. 9, 2013) – Lincoln Property Company Southeast has brokered the $750,000 sale of a single-story, 15,665-square-foot, REO office building in Fayetteville, Ga.

 Denton Shamburger, vice president of Lincoln Property Company Southeast, represented the seller, a national lending institution, in the transaction.

Anthony’s Dirt, a limited liability corporation formed by Butch Anthony, owner of This is It! BBQ and Seafood restaurants, purchased the building, and was represented by Emery Shane of Shane Investment Property Group. 

The facility, which was built in 1992, will serve as corporate headquarters for the chain.

 “This is an excellent use for this building and the city of Fayetteville,” Shamburger said. “Re-purposing this building for a growing entrepreneurial, restaurant chain is a win-win-win for all parties!”

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

Stephen Ursery

The Wilbert Group

E-mail: sursery@thewilbertgroup.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.wnspr.com

lpcsoutheast.com

http://blog.lpcsoutheast.com

NAI Realvest negotiates sale of office condominium for $500,000 at Maitland Professional Office Village

Tom R. Kelley II

MAITLAND, FL — NAI Realvest recently negotiated the sale of a 3,700 square foot office condo at 630 N. Wymore Rd. in the Maitland Professional Office Village for $500,000.00.

 Tom R. Kelley, II, CCIM, principal at NAI Realvest negotiated the sale of Suite 330 at the center representing the seller Marlyn D. Felsing, LLC of Maitland.

 Longwood based FTI Funding LLC, a privately held investment firm, purchased the office condominium.    Mark Harkins, Harkins Commercial, Inc. represented the buyer in the transaction.

For more information, contact: 

Tom R. Kelley, II, CCIM, Principal, NAI Realvest, 407-875-9989 tkelley@realvest.com  

 Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com   

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

Senior Housing Community in Springfield, MO Sells for $22 Million

The Montclair senior living facility
 Springfield, MO

TAMPA, FL -- CLW Senior Housing is pleased to have represented Montclair Limited Partnership in the sale of The Montclair, an Independent Living community located in Springfield, Missouri. As of closing, occupancy

at the community was above 90%.

The property was purchased by an affiliate of Capital Senior Living Corporation for $22 million.

Contact:

Allen McMurtry • 813.349.8349 • amcmurtry@clwrg.com

Megan Fetter • 813.349.8344 • mfetter@clwrg.com

www.clwrg.com

Chatham Lodging Trust Launches Public Offering of Common Shares

 
Palm Beach, FL -- Chatham Lodging Trust (NYSE: CLDT) announced that it is offering 3,500,000 common shares of beneficial interest, $0.01 par value per share in a public offering.  Barclays and UBS Investment Bank are acting as joint book-running managers for the offering. 

 The underwriters will have a 30-day option to purchase up to an additional 525,000 shares to cover over= allotments, if any.

A copy of the prospectus can be obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Barclaysprospectus@broadridge.com, (888) 603-5847 or by contacting UBS Investment Bank, 299 Park Avenue, 28th Floor, New York, NY 10171, 877-827-6444.

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

     

Jerry Daly                                                                                   

 Daly Gray Public Relations                                                    

jerry@dalygray.com

(703) 435-6293                                                                           

 Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553

chris@dalygray.com

Dennis Craven, 561-227-1386

Chief Financial Officer

dcraven@cl-trust.com

Chatham Lodging Acquires Downtown Waterfront Hampton Inn - Portland, ME

Hampton Inn Portland Downtown-Waterfront Hotel
Portland, ME

 PALM BEACH, FL and PORTLAND, ME—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium branded select-service hotels,  announced that it has acquired the recently opened Hampton Inn Portland Downtown – Waterfront Hotel in Portland, Maine for $28 million.

The purchase price includes an adjacent land parcel which can be sold or used for future development of a hotel, office, retail or residential units. The company funded the acquisition with borrowings under its secured revolving credit facility.

Jeffrey H. Fisher

The six-story, 122-room hotel is located at 209 Fore Street on the downtown Portland peninsula. The hotel is located in the Old Port district and offers ready access to downtown Portland’s waterfront, historical attractions, boutiques, many restaurants and bars. The hotel is the #1 rated hotel on TripAdvisor for the Portland market, which is one of the top travel destinations in New England.

“This is a tremendous asset in the heart of a downtown New England market that fits in exactly with our strategy of acquiring premium branded, upscale extended-stay and select-service hotels in high demand markets,” said Jeffrey H. Fisher, Chatham’s chief executive officer. 

  “The hotel is great for leisure travelers due to its location, and with its high quality Hampton brand affiliation, maintains a strong business traveler presence throughout the year. The hotel is performing strongly and continues to ramp up.”

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

     

Jerry Daly                                                                                   

 Daly Gray Public Relations                                                   

jerry@dalygray.com

(703) 435-6293                                                                          

 Dennis Craven

 Chief Financial Officer

dcraven@cl-trust.com

(561) 227-1386  

www.chathamlodgingtrust.com

Marcus & Millichap Sells Two Fort Lauderdale, FL Area Apartment Properties for $2.75 Million

Westchester Apartments, Fort Lauderdale, FL

FORT LAUDERDALE, FL, Jan. 9, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of two Fort Lauderdale-area apartment properties:

Westchester Apartments, an 18-unit property located in Fort Lauderdale and Highland House Apartments, an 18-unit property located in Wilton Manors.  Both properties closed on December 28th.

Highland House Apartments, Wilton Manors, FL

Senior Associate Joseph P. Thomas in Marcus & Millichap’s Ft. Lauderdale office represented the sellers of both properties, private investors from Fort Lauderdale and Plantation.

  The buyers of both properties, private investors from Miami Beach, were also secured and represented by Thomas.

Westchester Apartments includes 15 one-bedroom/one-bathroom units, two two-bedroom/two-bathroom units and one studio apartment. 

Joseph P. Thomas

The property sold for $1,400,000 and is located at 2501 NE 49th Street and 4901 NE 26th Avenue in Fort Lauderdale. 

Highland House Apartments includes 18 two-bedroom/one bathroom units.  The property sold for $1,350,000 and is located at 2640 NE 8th Avenue in Wilton Manors.

Press Contact:

Gregory Matus

Vice President/Regional Manager,

Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Sells 34-Unit Apartment Building in North Miami, FL for $2.12 million

Sans Souci Gardens Apartments, North Miami, FL

NORTH MIAMI, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sans Souci Gardens, a 34-unit apartment property located in North Miami, FL. The asset commanded a sales price of $2,115,000.

Vice President Investments Felipe J. Echarte and Senior Associate Joseph P. Thomas in Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, a private investor from Aventura, FL. 

Felipe J. Echarte

The buyer, a limited liability company from Fort Lauderdale, was secured and represented by Senior Associate Arthur D. Porosoff in the firm’s Miami office. 

San Souci Gardens consists of three adjacent apartment buildings totaling 34 units located east of Biscayne Boulevard in North Miami, Florida.

The unit mix consists of four efficiencies, 20 one-bedroom/one-bathroom apartments, four two-bedroom/one-bathroom apartments and six two-bedroom/two-bathroom apartments. Sans Souci Gardens is located at 1790 NE 117th Road.

Press Contact:

Gregory Matus

Vice President/Regional Manager,

Fort Lauderdale

(954) 245-3400

  

Joseph H. Mosley

 NEW YORK, NY – Jan. 9, 2013 – Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced that Scott Kavel has joined the firm’s seniors housing group as Managing Director.

Based in Atlanta, the seniors housing group seeks to arrange debt and equity for borrowers across the United States, working with agency partners such as Fannie Mae and FHA, along with offering its own capital for bridge and mezzanine loans.

 Kavel brings more than 20 years of experience to Greystone and has arranged approximately $5 billion in seniors housing finance throughout his distinguished career. As Managing Director, Kavel will work closely with the current team to develop and expand their client relationships, as well as originate new seniors housing business. He will report to Joe Mosley, Executive Managing Director of Greystone Servicing Corporation.

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

Loretta Mock/Jessica Kleinman

Cognito

+1 646 395 6300

Greystone@cognitomedia.com