Lincoln Brokers New Office Leases by BitPay and PerformanceIT in Metro Atlanta

  

Eleven Seventeen Perimeter, North Fulton submarket, Atlanta, GA

  

Hunter Henritze

ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered new office leases in Atlanta by BitPay and PerformanceIT, two firms headquartered in the city. Hunter Henritze and Michael Howell, vice presidents of office leasing for Lincoln, represented the landlord in each of the transactions.

BitPay, which provides software that allows vendors to accept Bitcoin as a form of payment, signed a lease for 7,838 square feet at 3405 Piedmont Road in the Buckhead submarket of Atlanta. 

BitPay will move to the building from its current location in the immediately adjacent Atlanta Tech Village. Bill Leonard of Wm. Leonard & Co. represented the tenant.

PerformanceIT, which provides IT services for small and medium-sized businesses, signed a lease for 5,278 square feet at Eleven Seventeen Perimeter, a Class A office building near Ga. 400 in the North Fulton submarket of the city.

Michael Howell

Jason Calvo of Calvo Clancy LLC represented the tenant, which was previously located in the Embassy Row office park in the Central Perimeter area of Atlanta.

“As leasing activity continues to pick up in Atlanta, our portfolio should continue to prove to be an appealing destination for tenants,” Henritze said. 

“Our landlord clients are thrilled to sign these two growing tenants, and the rest of 2014 should prove to be a busy time for our portfolio specifically and the Atlanta office market overall.”

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

Meritex Enters Arizona Market with Purchase of Two Industrial Properties

  

21410 and 21415 North 15th Lane, Deer Valley, AZ

Minneapolis, MN - Meritex announced its entry into the Phoenix market with the acquisition of a two (2) building industrial portfolio totaling 193,366 square feet. 

The class A properties are located at 21410 and 21415 North 15th Lane in Deer Valley, Arizona.

“We are excited about the addition of the Deer Valley properties to our portfolio and our entry into the Phoenix market,” commented Dan Williams, chief investment officer for Meritex in Minneapolis.

“The acquisition of these assets complements our investment strategy of entering into markets that provide opportunity for growth, expansion and diversification of our industrial portfolio.

JLL managing directors Tony Lydon and Pat Harlan represented Meritex in the transaction, which closed on March 7, 2014.

Tony Lydon

Meritex continues to seek additional investment opportunities in the Phoenix market.”  JLL managing directors Tony Lydon and Pat Harlan represented Meritex in the transaction, which closed on March 7, 2014.

Meritex has selected Metro Commercial Properties to continue management of the properties.

 “We look forward to working with Metro Commercial Properties,” commented Arvid Povilaitis, chief operating officer of Meritex. 

“The properties are located in the thriving Deer Valley submarket and have a proven track record of consistent demand. The properties are currently 97% occupied by ten (10) tenants including a recent tenant expansion of nearly 15,000 square feet.” 

John Pompay of Cassidy Turley has been retained as the listing agent for the properties.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Voit Real Estate Services Announces Tom Johnston as Managing Director of Phoenix and Las Vegas Offices

Tom Johnston

Phoenix, AZ - Voit Real Estate Services has announced that Tom Johnston has been appointed Managing Director to oversee all aspects of Voit’s operations in the Phoenix and Las Vegas markets, according to Robert D. Voit, Chief Executive Officer of Voit Real Estate Services. 

Johnston will provide guidance and leadership to his team comprised of brokerage and real estate management professionals.

“With the goal of growing our team in the Phoenix region over the next few years as well as continuing our strategic initiative to integrate our brokerage and real estate management platforms throughout our regions, the addition of Tom in the role of Managing Director for both the Phoenix and Las Vegas markets will support these efforts,” commented Voit.

 “Tom’s extensive experience and knowledge of the Phoenix market as well as his proven background in managing a large and profitable real estate services company make him a perfect fit for this role and as part of our team.”

Johnston stated, “Voit Real Estate Services offers a competitive platform that is truly different from other real estate services firms. I was drawn to the entrepreneurial environment and the familial company culture.  I look forward to helping expand Voit’s presence in Phoenix and Las Vegas. Bob has positioned the company well to thrive during this economic recovery and improving real estate market.”

Robert D. Voit

Prior to joining Voit, Johnston served as Senior Vice President of leasing and sales for PhoenixMart.

 While there, he oversaw the leasing and sales of a 585 acre, 6 million square-foot development project for the creation of a 21st century global market place that will include office, industrial, retail, multifamily and hospitality.

He also built and managed a 23-person leasing and sales team to contract with domestic and foreign tenants for the first phase of PhoenixMart, a 1.7 million square-foot “permanent trade show” with 1,750 suites, anticipated to open May 2015.

Before PhoenixMart, Johnston was a Senior Managing Director, Market Leader and Designated Broker with Cushman & Wakefield in their Phoenix region.

 There he managed 100+ employees and brokers across various service lines including, leasing, investment sales, appraisal, property management, facilities management, project management, research and marketing. Additionally, Johnston increased market share in the Arizona region as well as recruited, developed and retained brokerage professionals. Prior to his management role, Johnston was consistently a ‘Top 10’ producer in C&W’s Phoenix office.

Johnston is a NAIOP Board Member as well as ULI Advisory Board Member. He graduated from Columbia University with a Bachelor of Arts in Economics.

  

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

Jessamyn Miller

Voit Real Estate Services

(949) 566-6422

jjmiller@voitco.com

HFF closes sale of Rialto mixed-use property along Orlando’s “famed” Restaurant Row

Rialto retail-office center, 7335 Sand Lake Road, South Orlando, FL

Brad Peterson

ORLANDO, FL – HFF announced it has closed the sale of Rialto, a 105,275-square-foot retail and office center in Orlando, Florida.

                HFF marketed the property on behalf of the seller, The Wilder Companies.  Orion Venture IX Rialto, LLC, an affiliate of Orion Investment, purchased the asset free and clear of existing financing.

                Rialto is located at 7335 Sand Lake Road along Orlando’s “Restaurant Row”, a world renowned one-mile stretch of retail and restaurants about 10 miles southwest of downtown Orlando.

 The property has 58,519 square feet of fully leased retail space and 46,756 square feet of office space that is 83 percent occupied.  Major tenants at the center include Newlin Law, Ocean Prime and Bar Louie. 

                The HFF investment sales team representing the seller was led by senior managing directors Brad Peterson and Coleman Benedict and analyst Whitaker Leonhardt.

“Rialto got a strong reception from the investment community because it is located on the most prestigious and thriving one-mile stretch in the Orlando MSA, Sand Lake Road’s ‘Restaurant Row’,” commented Peterson. 

Coleman Benedict

Peterson added, “Orlando’s Restaurant Row, is a mecca for the highest demographic residents in Central Florida, the first stop for business travelers and large corporate groups attending conventions at the nearby Orange County Convention Center, and tourists visiting the nearby theme parks. 

“All of the other properties along Restaurant Row are institutionally-owned assets and command the highest rental rates in the Orlando MSA.”

                The Wilder Companies is a Boston-based real estate firm specializing in the positioning of retail properties with proficiency in specialty centers, mixed-use developments, community centers, urban properties, and regional and super-regional malls. 

Privately-held and owner managed, Wilder's mission has been and continues to be able to create vibrant shopping places that meet and exceed the expectations of customers, retailers and investors. 

The company currently has a diverse portfolio of properties throughout the East Coast.  www.wilderco.com

Whitaker Leonhardt

                Established in 1978, Orion Investment and Management is a full-service commercial real estate firm with offices in Miami and Orlando, in which Orion provides consulting services to national and international buyers of commercial real estate.

 With a fully integrated and comprehensive platform, Orion has handled more than $1 billion in transactions and manages a portfolio exceeding $400 million.

  

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF secures $74 million financing for 4000 Ponce/The Collection Building in Coral Gables, FL

4000 Ponce/The Collection Building, Coral Gables, FL

Suzanne Amaducci-Adams

MIAMI, FL – HFF announced it has secured $74 million in financing for 4000 Ponce/The Collection Building, a 295,088-rentable-square-foot, trophy property situated in Coral Gables, Florida.

                Working exclusively on behalf of the borrowers, The Collection Properties, LLC and The Collection LLC, HFF placed the 10-year, fixed-rate financing with a European-based insurance company.  Proceeds will be used to repay the existing loan.

                4000 Ponce/The Collection Building is located at 4000 Ponce De Leon Boulevard in Coral Gables, immediately north of The Village of Merrick Park, one of South Florida’s most prestigious shopping and dining destinations. 

Completed in 2002, the property is 91 percent leased and includes 178,101 square feet of Class A office and retail space that is leased to a diverse tenant base.

The property also includes The Collection, one of the nation’s premier automotive dealerships featuring the world’s leading automobile brands such as Ferrari, Maserati, McLaren, Aston Martin, Jaguar, Porsche and Audi.

Alexandra Lehson

                The HFF team representing the borrower was led by senior managing director Paul Stasaitis, managing director Jim Dockerty and real estate analyst Jose Carrazana. 

The Bilzin Sumberg legal team representing the borrower consisted of Jim Shindell, Suzanne Amaducci-Adams and Alexandra Lehson.

“The success of this loan placement was directly correlated to numerous factors, including the borrower’s forward development vision of this unique office-retail property 10 years ago, the phenomenal success of The Collection, as well as the rapid transformation of the immediate area into an exciting, upscale live-work-play destination,” said Stasaitis.

  

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Sale of Class A office property in southwest Austin closed by HFF

Las Cimas IV, Austin, TX

DALLAS, TX – HFF announced it has closed the sale of Las Cimas IV, a 138,008-square-foot, Class A office property in Austin, Texas.

               HFF marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer Clarion Partners.  HFF also handled the prior sale of the property to KBS Capital in 2011.

               Las Cimas IV is situated on a 9.65-acre site at 900 South Capital of Texas Highway about five miles west of downtown on Loop 360 in the prestigious West Lake Hills area.

 Cilable at www.clarionpartners.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 Austin hires Matt Pohl as a director in its investment sales group in Central Texas

Matt Pohl

AUSTIN, TX – HFF announced Matt Pohl has joined the firm as a director in its Austin office to focus on multi-housing investment sales transactions in central Texas.

Mr. Pohl has more than seven years of commercial real estate experience and joins HFF from Apartment Realty Advisors (ARA) where he was an investment sales broker. 

Mr. Pohl’s multi-housing disposition experience includes the sale of more than $500 million and more than 10,000 units for both institutional and private owners located throughout the United States. 

He brings extensive experience brokering B and C assets in central Texas and will be responsible for valuation, marketing strategies and new business development. 

 “HFF is excited to have Matt join our multi-housing investment sales team.  He has a thorough knowledge of the Austin, San Antonio and Texas Hill Country markets and will be an integral part of our growing Austin office, which opened in January of 2011 with just one employee and is  now up to 16 full time employees,” said Sean Sorrell, senior managing director and co-head of HFF’s Austin office.

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 $25.2 million financing for luxury multi-housing community in St. Petersburg, FL

Elan Gateway Apartments, St. Petersburg, FL

IRVINE, CA - HFF announced it has arranged $25.2 million in financing for Elan Gateway, a newly-completed, 240-unit, luxury multi-housing community in St. Petersburg, Florida.

Kevin MacKenzie

               HFF worked on behalf of the borrower, Thackeray Partners and Greystar, to secure the seven-year, 3.94 percent, fixed-rate loan through a life insurance company.  The loan was used as a forward take-out for the construction financing and was rate locked approximately nine months prior to stabilization. 

               Completed in 2013, Elan Gateway offers one- and two-bedroom units within 10 residential buildings.  Community amenities include a wellness center, two swimming pools, business center, coffee bar, BBQ areas, billiards room and dog run.

  Elan Gateway is located at 11800 Dr. Martin Luther King Jr. Street North across the bay from the Tampa International Airport and close to the Tampa Bay waterfront, St. Pete Beach and Interstate 275.  The property is 94 percent leased.

               The HFF debt placement team representing the borrower was led by senior managing director Kevin MacKenzie and senior real estate analyst Andrew Tighe.

               “The sponsorship was able to think ahead strategically and go to market in parallel with starting the leasing process.  Following an aggressive marketing effort, the result was a loan that fit within the business plan providing for debt and equity take-out, as well as maintaining enough flexibility to exit in the desired time-frame,” said MacKenzie.

Andrew Tighe

Greystar Real Estate Partners is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States and abroad.

Headquartered in Charleston, SC., Greystar is the largest operator of apartments in the United States and manages approximately 215,000 units in more than 100 markets with more than 5,000 team members.

Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class services in the multifamily real estate business. Greystar’s innovative business model integrates the management, development and investment disciplines of the multifamily industry. To learn more about Greystar visit www.greystar.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

Sale of luxury multi-housing complex in Center City, Philadelphia closed by HFF

Edgewater Apartments, Center City, Philadelphia

Jose Cruz

FLORHAM PARK, NJ – HFF announced it has closed the sale of Edgewater Apartments, a 290-unit, Class A multi-housing complex in Center City, Philadelphia. 

               HFF marketed the property on behalf of the seller.  According to HFF, this is the largest multifamily transaction to close in Philadelphia in more than 10 years.

               Edgewater Apartments is located at 2323 Race Street along the Schuylkill River in Center City Philadelphia’s northwest quadrant, known as Logan Square. 

This location is within walking distance to Market Street, the city’s primary commercial artery, Rittenhouse Square, 30th Street Station and The Barnes Museum, as well as a recently opened Whole Foods. 

Completed in 2005, the property consists of a 12-story tower with 270 units plus 20 townhomes attached to a five-story, 491-space parking garage. 

Andrew Scandalios

Units are offered in studio, one-, two- and three-bedroom layouts.  Community amenities at the property include a club room with flat screen tv, fireplace and kitchen, 24-hour fitness center, conference room, business center, concierge service, and direct access to the riverfront walkways.

 Also included in the sale is a development site that has been approved for approximately 240 additional apartments.

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

This was closed in conjunction with the recently opened HFF Philadelphia office, which is headed by Mark Thomson and Zac Pierce.

               “Center City Philadelphia is one of the most highly sought after markets on the East Coast right now and this was an exceptional opportunity to acquire not only one of the few Class A multi-housing communities in the city but one with added value through renovations and the development of an additional building,” said Cruz. 

Kevin O'Hearn

“Several investors are underwriting the impact that Philadelphia’s highly educated work force is having on the increase in residential market rents and are taking notice of potential investments in the city.”

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