HFF closes sale of and arranges acquisition financing for 12-property office portfolio in Southern California

Kilroy 12-property office portfolio in Sorrento Mesa and Rancho Bernardo submarkets
of San Diego, CA

Nick Psyllos

SAN DIEGO, CA – HFF announced it has closed the sale of a 12-property office portfolio totaling nearly 1.1 million square feet throughout the Sorrento Mesa and Rancho Bernardo submarkets of San Diego, California.

HFF marketed the property on behalf of the seller, Kilroy Realty Corporation.

 An affiliate of Starwood Capital Group Global, a leading private investment firm based in Greenwich, Connecticut, purchased the asset free and clear of existing debt. 

Ryan Gallagher

HFF also arranged a variable-rate acquisition loan on behalf of the buyer through Wells Fargo Bank and CIBC as the senior lenders and Goldman Sachs as the mezzanine lender.

The institutional quality portfolio is 91 percent leased overall and includes one-, two-, and three-story office buildings located in the suburban markets of Sorrento Mesa and Rancho Bernardo.  The average completion date for the 12-building portfolio is 2002.

Michael Leggett

The HFF investment sales team representing the seller was led by senior managing directors Nick Psyllos and Ryan Gallagher, and senior managing director and co-head of HFF’s national office investment sales platform Michael Leggett.

HFF’s debt placement team was led by senior managing directors Tim Wright and Don Curtis and managing director Aldon Cole.

With more than 65 years of experience owning, developing, acquiring and managing commercial properties in West Coast real estate markets, publicly traded real estate investment trust Kilroy Realty Corporation (KRC), a member of the S&P MidCap 400 Index, is one of the region’s premier landlords. 

Tim Wright

The company provides physical work environments that can advance creativity and productivity to serve a roster of dynamic, innovation-driven tenants that includes technology, entertainment, digital media and health care companies. 

At September 30, 2013, the company’s stabilized portfolio totaled 12.5 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego.

 In addition, KRC has approximately 1.9 million square feet of new office development under construction with a total estimated investment of approximately $1.1 billion. 

Don Curtis

More information is available at www.kilroyrealty.com.

Starwood Capital Group is a private, U.S.-based investment firm with a core focus on global real estate.  

Since the group’s inception in 1991, the firm has raised more than $23 billion of equity capital and acquired over $45 billion in assets. 

  Starwood Capital Group currently has $32 billion of assets under management.  Starwood Capital Group maintains offices in Greenwich, Atlanta, San Francisco, Washington, D.C., Los Angeles and Chicago, and affiliated offices in London, Luxembourg, Paris, Mumbai and Sao Paulo. 

  Starwood Capital Group has invested in nearly every class of real estate on a global basis, including office, retail, residential, senior housing, golf, hotels, resorts and industrial assets.

Aldon Cole

  Starwood Capital Group and its affiliates have successfully executed an investment strategy that includes building enterprises around core real estate portfolios in both the private and public markets.

 Additional information about Starwood Capital can be found at www.starwoodcapital.com.

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

krmurphy@hfflp.com

www.starwoodcapital.com.

Morgan Stanley to Move to Downtown St. Petersburg; Building to be renamed MORGAN STANLEY TOWER

150 Second Avenue North, St. Petersburg, FL
Will be Renamed Morgan Stanley Tower
Formerly Wells Fargo Plaza

Larry Feldman

ST PETERSBURG, FL– Morgan Stanley has signed a long-term lease at 150 2nd Avenue North.  The Class A office building formerly known as Wells Fargo Plaza will be renamed Morgan Stanley Tower after its newest tenant.  The financial services giant will occupy multiple floors in the building.

 The ownership of 150 2nd Avenue North offered Morgan Stanley building naming rights, stunning water views of Tampa Bay and a premium downtown location across from the new Shops at St Pete (formerly BayWalk).  The building is one of downtown St. Petersburg’s best-located, premier Class A office buildings.

 “We're thrilled to have received this long term lease commitment.  Within the financial services sector, Morgan Stanley is one the most respected names in the world,” stated co-owner Larry Feldman, CEO of Feldman Equities who spearheads leasing for the building. 

“The renaming of the building as Morgan Stanley Tower provides us with terrific branding for the building and our tenants.

“Our business plan is to combine the great branding of the Morgan Stanley name with a multi-million dollar renovation that will occur during 2014.  Upon completion, the new Morgan Stanley Tower will be one of the premier buildings in St. Petersburg.”

Katie Trott

Feldman has executed over 30,000 square feet of new leases since purchasing 150 2nd Avenue North last August.  In addition to Morgan Stanley, Feldman has recently executed new leases with

·         NASCO Sales leased 4,200 square feet. NASCO Sales is a supplier of electronic components and is a global leader in counterfeit avoidance technology.

·         On Q Financial leased approximately 1,300 square feet.  The deal was brokered by Katie Trott and Jimmy Johnson of CNL Commercial Real Estate. On Q Financial is a major mortgage lender.  During 2012, On Q funded approx. $2 billion in mortgages.  As of January 1, 2013, On Q Financial, Inc. employs 400 with 35 offices in Arizona, California, Colorado, Georgia, North Carolina, Texas, and Washington.

Jimmy Johnson

·         City Securities leased approximately 2,000 square feet. The deal was brokered by Ryan Reynolds of Cassidy Turley. City Securities is a 100 year old investment firm based in Indiana.  City Securities is a full-service personal investment adviser and wealth manager for individuals and families and experts in corporate and public finance across Indiana and throughout the Midwest.

The 17-story, 187,000 square foot office building was purchased in August of last year by a joint venture consisting of affiliates of Feldman Equities, Tower Realty Partners and Second City Capital Partners.

 “We purchased the building soon after Wells Fargo Bank vacated 22,000 square feet,” said Feldman.

  “This acquisition gave us the opportunity to do what we do best - renovating and upgrading office buildings in order to maximize their value.

Ryan Reynolds

 “We are well on our way to repeating the success we’ve had at City Center.”  In just four months ownership has increased occupancy at 150 2nd Avenue North from 65% to over 80%.

The group also owns the nearby, 242,000 square foot City Center office building where it has increased occupancy from 44% to nearly 94%.

Over the last 20 years, Feldman Equities and Tower Realty Partners have successfully joint ventured on the acquisition of millions of square feet of under-performing office buildings.

 Most recently the joint venture has partnered on City Center in downtown St Petersburg, Wells Fargo Center in downtown Tampa and Fountain Square II in Tampa’s Westshore Business District.

City Center, St. Petersburg, FL

  Feldman Equities is the modern business entity that encompasses a century of success in commercial real estate development.

In the last 25 years, Larry Feldman has developed or acquired over 11 million square feet of office and retail properties with an aggregate value in excess of $2.5 billion.

Feldman Equities is recognized for its hands-on approach to turning around distressed assets. Feldman gained a national reputation as a property turnaround specialist when he was the Chairman and CEO of the publicly traded Tower Realty Trust, Inc. (NYSE: TOW).

For more information visit www.feldmanequities.com

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

Feldman Equities

Larry Feldman

727-822-3395

lfeldman@feldmanequities.com

Lincoln Brokers AIT Worldwide Logistics’ 10,000-Square-Foot Expansion at Orlando Industrial Facility

Lee Vista Business Commons, 6317 McCoy Road, Orlando, FL

Robert Kellogg

ORLANDO, FL – Lincoln Property Company Southeast (Lincoln) has brokered the long-term extension and 10,000-square-foot expansion of AIT Worldwide Logistics’ lease at Lee Vista Business Commons, a Class A flex/industrial building in Orlando.

 With the expansion, which will take effect in the first quarter, AIT Worldwide Logistics will occupy at total of 25,039 square feet in the building, located at 6317 McCoy Rd. The property is now 100 percent occupied.

Robert Kellogg, vice president of office leasing for Lincoln, represented the landlord in the transaction and was the only broker in the transaction.

Located only two miles from Orlando International Airport, Lee Vista Business Commons offers frontage on Beachline Expressway and convenient access to Central Florida Greenway and Semoran Boulevard. The building also features a 24-foot clear height, 130-foot building depth, two dock doors per bay and Class IV sprinklers.

Scott Stahley

“AIT’s expansion at Lee Vista is indicative of Orlando’s strengthening industrial market,” said Scott Stahley, senior vice president for Lincoln who oversees the firm’s Orlando office.

“As the economies of both metro Orlando and the Southeast pick up steam, we should see continue to see vacancy rates in our portfolio and across the area drop.”

Dallas-based Lincoln Property Company is one of the nation's largest diversified commercial real estate companies, employing over 6,000 people.

Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space.

 Also a leader in owned and fee management, Lincoln currently manages over 145 million square feet of commercial property.

 For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.

To check out the blog, go to http://blog.lpcsoutheast.com.

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

Lincoln Concludes Busy Year in Metro Atlanta’s North Fulton with Nearly 100,000 Square Feet of Leases in Fourth Quarter

  

Hunter Henritze

ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) brokered approximately 100,000 square feet of leases on behalf of Equity Office Properties (EOP) in the North Fulton section of metro Atlanta during the fourth quarter. 

The activity capped a busy and productive year for Lincoln in EOP’s North Fulton portfolio. All told, Lincoln brokered leases totaling nearly 350,000 square feet in the portfolio, which totals 2 million square feet.

Hunter Henritze and Michael Howell, each a vice president of office leasing at Lincoln, represented EOP in the transactions.

EOP’s North Fulton portfolio now has an occupancy rate of 90 percent, a significant increase from where the rate stood — 80 percent — when Lincoln began leasing the properties two years ago.

Tony Bartlett

“We’ve seen the office market improve as a whole in this area, but the improved operating fundamentals witnessed in the North Fulton portfolio also are a powerful testimony to the considerable expertise and experience Michael and Hunter bring to this assignment,” said Tony Bartlett, senior vice president at Lincoln who oversees the firm’s Atlanta office. “We look forward to another brisk leasing pace in 2014.”

Among the leases that closed in North Fulton as 2013 drew to a close:

• Jasper Wireless signed an extension and expansion totaling 18,692 square feet at Northwinds V in Alpharetta. April Hawkinson of Cassidy Turley represented the tenant.

• Select Management Resources extended and expanded its lease at Preston Ridge IV in Alpharetta, Ga., to 47,187 square feet. Brad Kuehn of Atlanta Office Realty represented the tenant.

Michael Howell

• U.S. HealthWorks extended its lease of 19,506 square feet at Preston Ridge IV. Ryan Hudson of CBRE represented the tenant.

Dallas-based Lincoln Property Company is one of the nation's largest diversified commercial real estate companies, employing over 6,000 people.

Since its inception in 1965, Lincoln has developed over 34 million square feet of commercial office space, over 6 million square feet of specialty retail space and 49 million square feet of industrial space.

 Also a leader in owned and fee management, Lincoln currently manages over 145 million square feet of commercial property.

 For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.

To check out the blog, go to http://blog.lpcsoutheast.com.

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

$105.8 million acquisition financing arranged by HFF for Thanksgiving Tower in Dallas, TX

Thanksgiving Tower, 1601 Elm Street, Business District, Dallas, TX

Steve Heldenfels

DALLAS, TX – HFF announced it has arranged $105.8 million in acquisition financing for Thanksgiving Tower, a 1.37 million-square-foot, 50-story, trophy office property in Dallas’ central business district.

               HFF worked on behalf of Woods Capital Management to secure the three-year, floating-rate loan through Ares Commercial Real Estate Corporation. 

Loan proceeds will be used to fund an extensive capital improvement program aimed at dramatically improving the property’s infrastructure and amenities and accelerating the ongoing revitalization of downtown Dallas’ Main Street District.

               Thanksgiving Tower is located at 1601 Elm Street at the intersection of Ervay and Elm Streets within walking distance of the DART light rail in the heart of downtown Dallas. 

Trey Morsbach

The property is 74 percent leased to a diverse mix of tenants including Santander Consumer USA, Gardere Wynne Sewell, Looper Reed McGraw, and Petro Hunt.  The property features a 745-space, six-level, subterranean parking garage and the Tower Club restaurant on the 48th floor.

               The HFF team representing the borrower was led by managing director Steve Heldenfels and senior managing directors Trey Morsbach and Brian Carlton.

Woods Capital, founded by Jonas Woods in 2007, is an integrated real estate investment firm focused on the U.S. real estate market. 

The firm seeks to make opportunistic equity and debt investments on behalf of its investors in projects where it can leverage the acquisition, management, development and capital markets experience of the firm. 

The Woods Capital team has been a successful participant in the real estate markets as an investor, developer and manager of real estate assets, as well as a fiduciary on behalf of third-party capital. 

Brian Carlton

The team members have completed over $4 billion in real estate acquisition and/or development transactions including office, residential, industrial, retail and mixed-use properties.

Ares Commercial Real Estate Corporation is a specialty finance company that provides principal lending, mortgage banking and servicing of commercial real estate loans. 

Through its national direct origination platform, Ares Commercial Real Estate Corporation provides a broad offering of flexible financing solutions for commercial real estate owners and operators in the middle market.

  Ares Commercial Real Estate Corporation has elected to be taxed as a real estate investment trust and is externally managed by an affiliate of Ares Management LLC, a global alternative asset manager with approximately $68 billion in committed capital under management as of September 30, 2013. 

For more information, please visit www.arescre.com.

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

krmurphy@hfflp.com

HFF secures $28 million refinancing for distribution center in Carteret, NJ

200 Milik Street Warehouse-Distribution Center, Carteret, NJ

Jon Mikula

FLORHAM PARK, NJ – HFF announced it has secured a $28 million refinancing for 200 Milik Street, a 232,134-square-foot, state-of-the-art warehouse/distribution center  in Carteret, New Jersey.

               Working on behalf of The Hampshire Companies, HFF placed the five-year, fixed-rate loan with TD Bank. 

Redeveloped by the borrower in 2012, 200 Milik Street is 100 percent leased. 

The LEED Certified building is located 1.7 miles from the New Jersey Turnpike’s Exit 12 interchange and less than 10 miles from Newark Liberty International Airport. 

The facility features 36-foot clear ceiling heights, 25 truck loading docks, seven drive-in docks and parking for up to 42 truck trailers.

               The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.

Michael Klein

               “Given the building’s new construction, state-of-the-art features, proximity to the port and airport, and the credit tenancy, there was no shortage of lenders interested in making this loan,” said Klein. 

“TD Bank delivered an aggressive interest rate and structure that best met the borrower’s needs and was able to close smoothly and quickly,” added Mikula.

The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey.  The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments.

  Additional information on The Hampshire Companies is available online at www.hampshireco.com. 

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

krmurphy@hfflp.com

HFF arranges $12 million financing for Cottonwood Creek Apartments in Denver, CO

Cottonwood Creek Apartments, 8801 West Belleview Avenue, Denver, CO

Eric Tupler

DENVER, CO – HFF announced today that it has arranged $12 million in financing for Cottonwood Creek Apartments, a 168-unit, garden-style multi-housing community in Denver, Colorado.

               HFF worked exclusively on behalf of RedPeak Properties, LLC to secure the five-year, 3.62 percent, fixed-rate loan through a national bank.  Loan proceeds will refinance maturing debt on the property. 

Situated on approximately 7.3 acres, Cottonwood Creek is located at 8801 West Belleview Avenue in Denver’s Lakewood-South submarket. 

The eight-building property is 98 percent leased and includes one- and two-bedroom units averaging 771 square feet each.  Community amenities include a clubhouse, fitness center, picnic/barbecue area, cyber café, swimming pool and spa.

Josh Simon

The HFF team representing the borrower was led by senior managing director Eric Tupler, director Josh Simon and real estate analyst Jared Buffington.

RedPeak Properties is a full-service apartment owner, operator, developer and acquirer with an exclusive focus on Denver and Colorado’s Front Range. 

The company continually upgrades the value of its portfolio through the thoughtful development, redevelopment and repositioning of its assets. 

RedPeak strives to provide distinctive, highly amenitized residences close to key employment centers, public transportation and entertainment districts.

 RedPeak Properties’ portfolio is comprised of more than 2,000 units located in Capitol Hill, Cherry Creek, City Park, Downtown Denver, Greenwood Village, Littleton, Northwest Denver, Hilltop and Washington Park. www.redpeak.com.

  

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

krmurphy@hfflp.com

Veteran Orlando Real Estate Executive Robin Webb Elected President of CCIM Foundation

Robin Webb

ORLANDO, FL --- Robin Webb, managing director of NAI Realvest in Orlando, was recently elected president of the CCIM Foundation, which fosters commercial real estate education programs and initiatives worldwide and funded scholarships worth more than $750,000 over the past five years.

 Webb is well known among Florida real estate investors, brokers and lenders, having headed Coldwell Banker's Florida division for 22 years before joining NAI Realvest, a dominant brokerage firm in Florida's high-growth I-4 corridor.

 Webb is equally well known at the CCIM Institute, where he serves as a member of the CCIM board of directors and on the boards of the CCIM Institute Foundation and CCIM Technologies.

 A senior instructor on the CCIM faculty, Webb has made professional education a career objective. He has earned seven professional designations and launched a career mentoring initiative at NAI Realvest to develop the next generation of executives at the 32-year old firm.

 “As a director and donor for a number of years and knowing what a dynamic and dedicated board of directors we have, it is truly an honor to serve as president," Webb said.

 Webb will continue to serve as managing director at NAI Realvest during his one-year term as president of the Foundation.

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 Two New Leases at Jourdan Crossing Retail Center in Oviedo, FL

George Viele

 ORLANDO, FL – NAI Realvest recently negotiated two new lease agreements totaling approximately 4,800 square feet at the Jourdan Crossing Retail Center, 310 W. Mitchell Hammock Rd. in Oviedo.

 George Viele, associate at the firm, brokered both transactions representing the local landlord, Jourdan Crossing, LLC.

 Oviedo-based restaurant operator Chau Man, LLC leased Suite 800 with 1,370 square feet. 

 Suite 200 with 3,424 square feet was leased by HealthMed Solutions, LLC an Oviedo-based provider of home medical equipment and services.

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

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

CFLane Expands Aggressively, Emerges as Major Apartment Manager in 2013

  

Melanie Gersper

 ATLANTA, GA — Less than a year after its formation, the CFLane apartment management firm closed 2013 in the midst of aggressive growth and with plans for continued strategic expansion in the new year, particularly in the mid-Atlantic region.

 CFLane was created in spring 2013 when Cocke Finkelstein Inc. (CFI), a full-service multifamily investment firm based in Atlanta, acquired Lane Company, forming a management and services subsidiary.

Before the merger, CFI had approximately 10,000 apartment units under management, while Lane Company accounted for another 18,000 units.

Since the merger, CFLane has added approximately 12,000 units to end 2013 managing 40,000 apartment units in 18 states, from Maryland to Nevada. The last three months of the year proved particularly active, as CFLane took over the management of 50 properties.

Dan Haefner

CFLane’s portfolio features all classes of apartment communities, from Class-A properties to student-housing properties and communities with substantial renovation programs, and includes communities owned by both CFI and third parties. With its growth in 2013, CFLane is now one of the 50 largest apartment managers in the country.

 “With the establishment of our firm and the brisk pace of expansion, 2013 was obviously a very exciting year for CFLane,” said Dan Haefner, president and COO of the company. 

“And we’re just getting started: as the apartment sector continues to thrive, we expect 2014 to be another year of aggressive but carefully planned growth.”

 Key hires in 2013 included the addition of Melanie Gersper as executive vice president of property management and Raymond Van Beveren as senior vice president of construction services. Both Gersper and Van Beveren were previously with Bell Partners.

 “We have quickly assembled an extremely talented and versatile management team at CFLane,” Haefner said. “With our range of skills and experience, CFLane can handle the entire spectrum of management challenges, from the lease up of a new property to the extensive rehab of an existing one.”

Raymond Van Beveren

Looking forward, CFLane expects to add more units in the mid-Atlantic markets of North Carolina and Virginia, and other states that feature numerous large metropolitan areas, favorable demographics, solid operating fundamentals and barriers to entry.

“We are extremely optimistic about the future health of the apartment sector,” Haefner said. 

“The size of the 20-to-34-year-old age bracket, a key component of the renter population, is projected to grow by more than 4 million over the next decade, while the rates of home ownership are anticipated to remain lower than historical norms.”

“When you combine these favorable market trends with our considerable experience, expertise and commitment to creating quality communities for our residents, all the pieces are in place for us to strategically grow our business, while continuing to generate outstanding returns for our partners and clients,” Haefner added.

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

Stephen Ursery

The Wilbert Group

404-549-7150 (O) 404-405-2354 (C)

sursery@thewilbertgroup.com

The Six-Week Deal Quest Workspaces Leases Full Floor at 777 Brickell in Downtown Miami, FL

777 Brickell (blue building), Downtown Miami, FL

  

Laura Kozelouzek

Miami, FL -- Within six weeks of learning full floor tenant Jordan Burt would not be renewing their lease at 777 Brickell due to a merger with Carlton Fields, Taylor & Mathis signed Quest Workspaces to lease the 20,000 square foot space to be vacated by the law firm.

The executive suite company will open their second location in Miami’s Brickell Financial District in April moving to temporary space at the building until the new space build out is completed.

 “The same day we learned the merger had gone through we called the Quest Workspaces’ broker, Lance Benson of Newmark Grubb Knight Frank, and said we have a great space for Quest if they are looking for another location on Brickell,” stated Taylor & Mathis Partner Brian Gale.

“We made one phone call and six weeks later had a signed lease.”

 The space is ideal for Quest. Former law firm space is very office intensive a necessity for an executive suite.  Taylor & Mathis also signed Quest to a 37,000 square foot renewal and expansion at Espirito Santo Plaza earlier this year.  The Taylor & Mathis’ Miami leasing team of Brian Gale and Andrew Trench worked with co-broker Benson representing Quest Workspaces, to complete the transactions.

Brian Gale

“Quest Workspaces is an emerging executive center with a trendy & modern vibe,” stated Trench. “This is not your 1980’s executive suite.  They will be a great asset to 777 Brickell which is an impeccably maintained office building with class A finishes.  Executive suites often serve as incubator space for new companies poised for growth.”

“Miami is evolving into a world class city and Brickell Avenue is setting the pulse for the area’s growth and expansion,” said Laura Kozelouzek, founder and CEO of Quest Workspaces.

“777 Brickell is a superior fusion of a chic and professional office space, in a prime location, priced at 20 percent less than our current Brickell [Espirito Santo Plaza] pricing, which will give clients the added value of a prestigious, downtown office address at a more affordable square footage price tag.” 

Quest’s seventh location in less than three years and second location on Brickell Avenue is located in the hub of downtown Miami’s financial district.

The new development solidifies Quest as the 15th largest tenant in Miami’s burgeoning business district among the ranks of Bank of America, HSBC and Florida International University. 

Andrew Trench

The new center at 777 Brickell Avenue, encompassing the entire fifth floor, will feature more than 90 offices and offers flexible workspace solutions that cater to companies of all sizes from start-ups to global brands.

The SunTrust Building at 777 Brickell Avenue is a multi-use facility with business and lifestyle amenities, gourmet restaurants including Truluck’s, a beauty salon, covered parking garage, banking with ATM and 24/7 building access and security.

 The Energy Star labeled property is within walking distance to Mary Brickell Village and is less than 10 miles from Miami International Airport. 

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

Brian Gale, Principal

Taylor & Mathis

(305) 476-8880

bgale@taylormathis.com

www.TaylorMathis.com.

www.questworkspaces.com.

Cooper Carry Completes Project at George Washington University in Ashburn, VA

  

George Washington University's Virginia Science and Technology Campus, Ashburn, VA

Lauren Ford

ASHBURN, VA – Cooper Carry, an internationally recognized design firm, has completed the collections and conservation resource center at George Washington University’s (GWU) Virginia Science and Technology Campus, located in Ashburn, Va.

The 55,000-square-foot building includes 30,000 square feet of additional space to be built out for future academic and research activities and 22,000 square feet of museum support for the university’s new museum, set to open in fall 2014.

 “We are thrilled to have had the opportunity to positively shape the quality and character of the GW Virginia Science and Technology campus,” said Lauren Ford, Senior Associate at Cooper Carry.

“This building will help to strengthen GW’s legacy by supporting the preservation of important works of art, as well as pieces of Washington, D.C.’s history.”

 The collections and conservation resource center is the first ground-up project on GW’s Virginia Science and Technology Campus in more than 10 years. The building will serve as a support facility for a new museum that will open on the university’s Foggy Bottom campus in downtown Washington, D.C., in 2014. It provides processing and storage space for collections.

  

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

Hadley Creekmuir

The Wilbert Group

O: 404.343.4080

C:  404.556.0010

hcreekmuir@thewilbertgroup.com

Barber Shop joins Promenade at Silver Palm Shopping Center in Homestead, FL

  

Juan Martinez

 HOMESTEAD, FL — Juan Martinez, Associate for Crossman & Company, brokered a new lease for 900 square feet for Promenade at Silver Palm. Promenade at Silver Palm leased the space to The Spot Barber Shop.

 Promenade at Silver Palm,  23300 SW 112th Ave., Homestead, FL, is a Publix anchored center surrounded by residential communities in a high growth submarket of the Miami MSA.  Located across from Goulds Elementary, this center presents strong demographics and great traffic.

The Spot, and adult and children’s barbershop, adds a much needed cotenant to the trade area, which previously had no barbers to service the community.

 Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.com Organizational Announcements

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

Claire Pagán

 407.581.6223

cpagan@crossmanco.com