Tuesday, October 22, 2013

New Prototype Walgreens pharmacy in Tampa, FL designed by Cuhaci & Peterson Architects

Walgreens existing store on Dale Mabry, Tampa, FL
ORLANDO, F:– Cuhaci & Peterson Architects Engineers Planners based in Orlando’s Baldwin Park, completed design of a new Walgreens drug store located off Dale Mabry in Tampa.

Lonnie Peterson
Lonnie Peterson, chairman at Cuhaci & Peterson Architects, said the new Walgreens is a new prototype design and will  total 14,800 square feet. Regency Center is the developer of the new facility.

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

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

HFF arranges $130 million financing for 11-property industrial portfolio in five states for IDI Inc.


ATLANTA, GA – HFF announced today that it has arranged $130 million in financing for an 11-property, 2.9 million-square-foot industrial portfolio located in five states.

Mark Sixour
               Working on behalf of Industrial Developments International, Incorporated (IDI), HFF placed a $99.8 million, three-year, floating-rate first mortgage loan with Wells Fargo Bank.  A $30.2 million mezzanine loan was sourced through AEW Capital Management. 
The properties are comprised of Class A logistics and bulk distribution industrial facilities located near major interstates, airports and ports in their respective markets.  Overall the portfolio is 79 percent occupied.  Key tenants include Walgreen’s L’OREAL, Menlo Logistics, Red Bull, Valspar and ADT Security.  Individual property details are listed below:

Property                                           Address                                                                          Property Size
Greenspoint Business Center A     11710 North Freeway, Houston, TX                           54,818 SF
Greenspoint Business Center B     51 Esplanade Road, Houston, TX                                106,700 SF
Greenspoint Business Center D     101 Esplanade Road, Houston, TX                              244,557 SF
Madison Business Center A           4406 Madison Industrial Lane, Tampa, FL                 385,619 SF
Miramar Business Center F            11650 Miramar Parkway, Miramar, FL                      63,010 SF
Miramar Centre A                           15701 SW 29th Street, Miramar, FL                            264,074 SF             
Northport Industrial Center           699 Kapkowski Road, Elizabeth, NJ                            342,705 SF
Park South Building E                     60 Logistics Boulevard, Walton, KY                            678,363 SF
Port Union Building J                      7390-7410 Union Centre, Fairfield, OH                     109,063 SF
Rock Run Business Park IX             4101 Olympic Boulevard, Joliet, IL                              339,741 SF
Rock Run Business Park VIII           4500 Rock Creek Boulevard, Joliet, IL                         352,500 SF

The HFF team representing the borrower was led by senior managing director Mark Sixour.
               IDI is one of the largest privately-held real estate property companies in North America focused exclusively on the industrial sector.  

The company, headquartered in Atlanta and serving 25 markets, provides development, investment management and property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers.  

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

NAI Realvest negotiates new lease agreement at Airport Industrial Center in Orlando, FL

Airport Industrial Center, 7480 Narcoossee Road, Orlando, FL

ORLANDO, FL – NAI Realvest recently negotiated a new lease agreement for 1,500 square feet in the Airport Industrial Center at 7480 Narcoossee Road in Orlando. 

Michael Heidrich, a principal at NAI Realvest, brokered the transaction representing the landlord, Boston-based BIEL REO, LLC. 

Spiral Group, Inc., a firm that installs audio systems in autos, leased Unit 100-J at the south Orlando industrial center.  

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

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

NAI Realvest Negotiates New Industrial Lease for 4,080 Square Feet in Longwood, FL

1920 Boothe Circle Building, Longwood, FL

MAITLAND, FL – NAI Realvest negotiated a new lease agreement for 4,080 square feet of industrial space at 1920 Boothe Circle,  Suite 220 in Longwood.

Michael Heidrich
 Michael Heidrich, principal at the firm, brokered the transaction representing the landlord Red Boothe Circle Holdings, LLC of Maitland.  The tenant is Longwood-based Jon M. Hall Company.

 Tenant formerly occupied Suite 230 with 3,240 square feet at the facility but needed more room for growth.

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

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

Chatham Lodging Announces Third Quarter Earnings Call to be Held on Tuesday, Nov. 5

Jeffrey H. Fisher
 PALM BEACH, FL,  Oct. 22, 2013 - Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, today announced that it will report third quarter 2013 financial results on Monday, November 4, 2013, following the close of the market.

 On Tuesday, November 5, 2013, at 11:00 a.m. ET, Jeffrey H. Fisher, Chatham’s chief executive officer, and Dennis M. Craven, its chief financial officer, will host a conference call to review third quarter 2013 financial results. 

Dennis M. Craven
Shareholders and other interested parties may listen to a simultaneous webcast of the conference call on the Internet by logging onto Chatham’s Web site, www.chathamlodgingtrust.com, or www.streetevents.com, or may participate in the conference call by dialing 1-877-941-0843, reference number 4646993.

A recording of the call will be available by telephone until midnight on Tuesday, November 12, 2013, by dialing 1-800-406-7325, reference number 4646993.  A replay of the conference call will be posted on Chatham’s website.

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

Jerry Daly                                                             
Daly Gray Public Relations                                  
(703) 435-6293                                                    

Dennis Craven
 Chief Financial Officer
(561) 227-1386               

Marcus & Millichap Arranges Sale of South Bay Medical Arts Building in Sun City Center, FL for $3.75 Million

South Bay Medical Arts, 4051 Upper Creek Drive, Sun City Center, FL

SUN CITY CENTER, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of South Bay Medical Arts, a 32,123-square foot office property located in Sun City Center, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $3,750,000.

Moe Derbala
Moe Derbala, an associate in Marcus & Millichap’s Tampa office, represented the local seller, a private investor.  The buyer was also secured by Mr. Derbala and is a private investor from Sun City Center.

South Bay Medical Arts is located at 4051 Upper Creek Drive in Sun City Center, Florida.    This is a Class “A” medical office building located adjacent to South Bay Hospital in the heart of Sun City Center, which is one of America’s premier retirement communities ideally located in west-central Florida

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

Richard D. Matricaria
Regional Manager
 Tampa, FL

(813) 387-4700

Regency Centers Announces $29.6 Million Retail Development in Glenview, IL

Rendering of Glen Gate, a planned community shopping center in Glenview IL

Nick Wibbenmeyer
 CHICAGO, IL--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG), a national owner, operator and developer of grocery-anchored community shopping centers, announced today the development of Glen Gate, a 102,876-square-foot center located in Glenview, Ill., a North Shore suburb of Chicago.

The shopping center will be anchored by a 75,564-square-foot Mariano’s Fresh Market, expected to open in fall 2014. The project will also have one outlot with an additional 24,000 square feet for retail and restaurants.
Positioned at the northeast corner of Waukegan Road and Golf Road, which combined carry about 60,000 vehicles per day, Glen Gate is surrounded by a population of approximately 140,000 within a three-mile radius.

The Village of Golf’s Metra stop is adjacent to this site, classifying the project as a transit-oriented development. Glen Gate will be developed on two land parcels totaling 21 acres, 7.6 of which were sold by Regency to Atlantic Realty Partners, Focus Development and The Carlyle Group, who plan to build 238 luxury apartments north of the shopping center.

“We are thrilled to be adding our second shopping center in Glenview and fourth along the Waukegan Road corridor,” said Senior Manager of Investments Matt Hendy. “With a dense population of above-average household incomes, this area is an extremely desirable market for new projects.”

Regency currently has more than 300,000 square feet of retail shopping centers under construction in metro Chicago. In addition to Glen Gate, Shops on Main is a 200,000-square-foot community shopping center under construction in Schererville, Ind., which is located 25 miles southeast of downtown Chicago.

Shops on Main is strategically located at the intersection of two main arterial roads, U.S. Route 41 and Main Street. In May, construction began on phase one of the project, which will be anchored by Gordmans, Ross Dress for Less, HomeGoods and DSW Designer Shoe Warehouse. The initial phase will cost $50 million, and some anchors are scheduled to open in spring 2014.

“We really appreciate the support of Schererville and Glenview and are excited to offer a merchandising mix of first-class retailers that will serve the needs of the surrounding community,” said Vice President and Regional Officer Nick Wibbenmeyer.

“Glen Gate and Shops on Main will reflect the key attributes that define a Regency center: market-leading anchors, prime location and an enjoyable shopping environment.”

Rick Spector
Regency owns and operates 15 centers, totaling more than 2 million square feet, in the Chicago market. For leasing information, contact leasing agent Rick Spector at 630-645-2817 or RickSpector@RegencyCenters.com.

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

Cohn Marketing
Lauren Simpson, 303-839-1415, ext. 43
Matt Hendy, 630-645-2830
Senior Manager of Investments