HSA Commercial Signs Lease with Lakeside Wealth Management at Village Point Professional Office Building in Chesterton, IN

Village Point Professional Office Building, 3100 Village Point Road, Chesterton, IN

Robert Titzer

 CHICAGO, IL (April 2, 2014) — HSA Commercial Real Estate announced today that the firm has finalized a lease with Lakeside Wealth Management to occupy 13,800 square feet on the second level of the Village Point Professional Office Building at 3100 Village Point Road in Chesterton, Ind.

 Lakeside Wealth Management, which provides financial services ranging from corporate and institutional-qualified plan consulting to the management of personal wealth, will relocate from its existing Chesterton office at 407 West Indiana Avenue in September.

The new lease with Lakeside Wealth Management will bring the 31,210-square-foot Village Point Professional Office Building to full occupancy.

Developed in 2007 by HSA Commercial, the state-of-the-art Village Point Professional Office Building is located on the 120-acre Coffee Creek Campus; a pedestrian-oriented business community featuring miles of brick paved walking paths, preserved green space, parks, and an open-air pavilion.

Jay Pouzar

The 3100 Village Point building, which offers tremendous visibility and accessibility from Interstate 80, is also located in close proximity to the recently-constructed, 225-bed Porter Valparaiso Hospital Campus and the new Urschel Laboratories corporate campus now under construction.

 Other tenants at the Village Point Professional Office Building include Duneland Dialysis and Duneland Nephrology.

  

Robert Titzer, executive vice president with HSA Commercial, and Jay Pouzer of CBRE represented ownership in the transaction.

  

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

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Marcus & Millichap Recognized as Technology Innovator

Richard Peltz

CALABASAS, CA, April 2, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced that it ranked 51st on this year’s InformationWeek Elite 100, a list of the top business technology innovators in the U.S.

This is the ninth consecutive appearance by Marcus & Millichap in rankings compiled by InformationWeek. The full list can be found at http://www.informationweek.com/elite100.

“It’s a great honor to be recognized as a technology innovator in business for the ninth time in a row by InformationWeek magazine,” says Richard Peltz, senior vice president and chief information officer of Marcus & Millichap.

“The award is a testament to our commitment to providing our investment real estate agents and debt and equity providers with the highest level of technology service and support possible.”

Additional details on the InformationWeek Elite 100 can be found online at http://www.informationweek.com/elite100.

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

Ben Johnson

Marketing Director

(925) 953-1736

Marcus & Millichap Arranges Sale of 47,390-SF Shopping Strip in Sunrise, FL for $6.5 Million

Tri-City Plaza, 5995 West Sunrise Boulevard, Sunrise, FL

Marc E. Strauss

SUNRISE, FL, April 2, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Tri City Plaza, a 47,390 square-foot shopping strip located in Sunrise, FL. The asset sold for $6,500,000.

Marc E. Strauss, a first vice president investments, and Richard Moravek, an associate, in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a local limited liability company. 

“We are seeing more investors target inland retail properties, such as those in Sunrise, as the housing recovery and job growth lessen the perceived risks.  

"The 1031 exchange buyer was attracted to Tri City Plaza because the center is grocery-anchored. The IGA Neighbors supermarket is doing really well with over $402 per square foot in store sales,” says Moravek.

Richard Moravek

The center is occupied by 13 tenants including: Family Dollar, IGA Neighborhood Market, Metro PCS, Rainbow and others. Tri City Plaza is located at the signalized intersection of West Sunrise Boulevard and Sunset Strip at 5995 West Sunrise Boulevard in Sunrise, FL.

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

Ryan Nee

Regional Manager

Ft. Lauderdale, FL

(954) 245-3400

Trepp Reports US CMBS Delinquency Rate Declines for the 10th Straight Month

Manus Clancy

NEW YORK, NY – Trepp, LLC, the leading provider of information, analytics, and technology to the CMBS, commercial real estate, and banking markets, released its March 2014 US CMBS Delinquency Report (available at www.trepp.com/knowledge/research).

The rate for US commercial real estate loans in CMBS fell 24 basis points in March to 6.54%. The last time the Trepp US CMBS delinquency rate was below this level was over four years ago, in January of 2010. Today’s rate is 288 basis points lower than where it was a year ago.

Again, Trepp credits some of the month-over-month improvement to the ongoing CWCapital distressed asset sales.

 In the first three months of 2014 alone, the CMBS market saw 114 basis points of downward pressure on the delinquency rate due to previously delinquent loans being resolved with losses. While not all of these resolutions are a result of the CWCapital assets, they have contributed significantly to the rate’s improvement.

“The CMBS market had the pleasure of singing the same happy refrain in March, as delinquencies continued to fall,” said Manus Clancy, Senior Managing Director at Trepp. “We had anticipated a large drop in the rate due to the CWCapital assets, but that descent has been extended, as the notes didn’t really begin to make it through remittance cycles until the New Year. We suspect the rate will stabilize somewhat in coming months.”

New delinquencies totaled $1.7 billion March, which was up from $1.3 billion in February. The total number of delinquent loans was down month-over-month, as there are now $34.6 billion delinquencies.

All five major property types improved in March. Retail dipped just six basis points but remains the best performing major property type. Multifamily saw a 13 basis-point improvement, but is still the worst performer among the group with the only double digit delinquency rate

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

Joe McBride, Research Analyst

Trepp LLC

joe_mcbride@trepp.com

212-754-1010

Eric Gerard, Lindsay Church

Great Ink Communications

eric@greatink.com / lindsay@greatink.com

212-741-2977

HFF closes $10.1 million sale of Eureka Plaza in Miami, FL

Eureka Plaza, 18300 SW 137th Avenue, Miami, FL

Danny Finkle

MIAMI, FL – HFF announced today that it has closed the sale of Eureka Plaza, a grocery-anchored shopping center totaling 66,142 square feet in Miami, Florida.

               HFF marketed the property on behalf of EDENS.  Eureka Plaza Group LLC purchased the unencumbered property for $10.1 million.

The 8.91-acre property includes three free-standing retailers – a 52,450-square-foot Winn Dixie Supermarket, a 3,367-square-foot McDonald’s, and a 3,500-square-foot Pollo Tropical – as well as a 0.6-acre development parcel.

 Eureka Plaza is located at 18300 SW 137th Avenue at the intersection of SW 184th Street/Eureka Drive, southwest of Miami’s central business district.

The HFF investment sales team representing the seller was led by senior managing director Danny Finkle and managing director Luis Castillo.

Luis Castillo

HFF’s investment sales team secured more than $3.1 billion in sales of retail assets nationally through 2013.  In Florida, HFF closed more than $872 million in retail transactions across all capital markets platforms over the same period.

EDENS develops, owns and operates retail and retail-driven centers in primary markets throughout the East Coast.  

With projects such as Union Market in Washington, D.C., and Mosaic District in Fairfax County, Virginia, EDENS has emerged as a leader in incubating new retail and F&B concepts as a way of enriching and engaging the local community. 

  EDENS has regional headquarters in Boston, New York, Washington D.C., Atlanta, Miami and Columbia, South Carolina.  For more information about EDENS, please visit www.edens.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 named to market for sale Southside at McEwen in Nashville, TN

Southside at McEwen grocery center, Nashville, TN

Jim Hamilton

ATLANTA, GA – HFF announced today that it has been named to exclusively market for sale Southside at McEwen, a trophy, high-end grocery center anchored by Whole Foods located in Nashville, Tennessee. 

HFF is marketing the property on behalf of the seller, Amstar.

Whole Foods is the largest grocer of natural and organic foods in the United States and is one of the most sought after grocers in the world. 

The property is located in the Cool Springs submarket, which is the dominant high-end business, shopping and entertainment district in the Nashville MSA. 

The property was completed in 2012 and features a number of high end retailers including Whole Foods, lululemon, fab’rik, charming Charlie, BrickTop’s, Pei Wei and Mountain High Outfitters.

               The HFF investment sales team representing the seller is led by managing directors Jim Hamilton and Richard Reid.

Richard Reid

               Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in select U.S. and international markets.  

  Originally  formed to  invest  and  manage  the real  estate  allocation  of  a large family office client, Amstar began expanding its capital strategy nearly a decade ago and has grown to  more  than  $2.4  billion  in  assets  under  management  (as  of  December  31,  2013).  

  Today,  Amstar  is proud  to  provide  a  high  degree  of focus  and  attention  to  its  client relationships,  counting  among  them leaders in the private and institutional investment community.   

Amstar’s clients originate from across the globe and include U.S. and European institutions, insurance companies, private banks, funds  of  funds, and other family offices.

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

Graham Hill Joins Bull Realty’s National Self Storage Group

Graham Hill

ATLANTA, GA (April 2, 2014) – Graham Hill has joined the National Self Storage Group at Bull Realty, the growing commercial real estate sales, leasing and consulting firm headquartered in Atlanta.

As senior vice president, Hill will advise both owners and investors in the acquisition and disposition of self-storage facilities and sites in the southeast United States.

“I’m excited to utilize Bull Realty’s powerful disposition and marketing platform for my existing and new self-storage clients,” said Graham Hill.

 Hill’s experience prior to brokerage includes owning and operating sales promotion and marketing companies, as well as investing in multifamily properties.

Michael Bull

 “Self-storage has become one of commercial real estate’s hottest niche sectors, so now was the right time to add a distinguished commercial real estate professional like Graham to our group,” said Michael Bull, CEO of Bull Realty and host of the “Commercial Real Estate Show” program.

 “He will help us expand our services for private equity and institutional owners in this growing sector.”

Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The company was founded in 1998 with two primary missions that drive the firm’s decisions every day. Grow a company known for its stellar integrity and to provide the best disposition marketing in the nation.

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

Savannah Duncan • The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0870  • M: 404-901-4433

thewilbertgroup.com