HFF Denver hires Jeffrey Haag as an associate director in its investment sales group

Jeffrey Haag

DENVER, CO – HFF announced Jeffrey Haag has joined the firm as an associate director in its Denver office to focus on multi-housing investment sales transactions in the greater Denver area.

               Mr. Haag has more than 12 years of commercial real estate and financial analysis experience.  He most recently worked as an associate at Jones Lang LaSalle and prior thereto, Cushman & Wakefield.

 During his tenure as an associate, he was involved in the sale of nearly $500 million of completed multi-housing transactions.  

Prior to Cushman, he spent time in real estate development with St. Charles Town Company and as a senior CMBS analyst at Clayton Services in Denver. 

He began his career an equity derivatives trader at Toronto Dominion in Chicago.   Mr. Haag graduated from Ohio State University with a degree in Finance and holds a Master’s in Real Estate from The University of Denver. 

               “We continue to grow our presence in the Denver market and are excited to have someone with Jeffrey’s background and skill set join our investment sales platform,” said Eric Tupler, senior managing director and head of HFF’s Denver 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 closes sale of historic art-deco building in San Francisco’s SoMa district

1400 16th Street, San Francisco, CA

SAN FRANCISCO, CA – HFF announced it has closed the sale of 1400 16th Street, a historic, 100,000-square-foot office and warehouse property in San Francisco’s South of Market district (SoMa).

               HFF represented the seller, Jessica McClintock, Inc. in the transaction, while Leland Parachini served as seller’s legal counsel. 

 The buyer was ASB Real Estate Investments along with SKS Partners and ProspectHill Group.

               Originally developed in 1938, 1400 16th Street is an art-deco style, reinforced concrete building that was occupied for nearly 40 years by owner-user, Jessica McClintock, Inc.  The property occupies a full city block at 1400-1450 16th Street bounded by 15th, 16th, Carolina and De Haro Streets.

John Simerlein

 This location offers tenants easy access to Interstates 80 and 280, and US Highway 101 as well as access to several San Francisco Muni bus routes with connections to the Bay Area Rapid Transit (BART) and Caltrain commuter rail lines, and San Francisco’s ferry service.  

The HFF investment sales team representing the seller was led by managing director Steven Golubchik, director John Simerlein and senior real estate analyst Josh DiSalle.

“The SoMa and Potrero Hill districts are home to one of the largest R&D, prototyping and manufacturing tenant clusters in the city. 

"The opportunity to transform the property into one of the area’s most iconic adaptive re-use buildings coupled with the ability to acquire a whole city block in San Francisco led to strong interest from groups both locally and nationally,” Golubchik said.

“We are seeing strong leasing velocity in the area along with a surplus of demand, specifically within the Potrero Hill / Showplace Square neighborhoods and for PDR-type users, and are witnessing a substantial uptick in PDR rents.  

"Further, the property’s ideal location, and proximity to San Francisco’s most rapidly evolving neighborhoods with a mixture of housing, jobs, entertainment destinations, and transportation options – combined, provide a 24/7 live, work and play environment,” added Simerlein.

ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm, managing over $4.9 billion (as of 3/31/14) in gross assets under management for over 250 institutional clients.

 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 closes $61.25 million sale of 989 Market Street in San Francisco, CA

989 Market Street, San Francisco, CA

SAN FRANCISCO, CA – HFF announced it has closed the $61.25 million sale of 989 Market Street, a 111,497-square-foot creative office and retail property in San Francisco.

               HFF marketed the property on behalf of the seller, Harbert Management Corporation.  

The asset was purchased by ASB Real Estate Investments for $61.25 million, or approximately $607 per square foot (excl. lower level storage/office). 

 HFF secured $27.69 million in financing for the property for the seller in 2012.

989 Market Street is located near the intersection of Market Street and 6th Street in San Francisco’s Mid-Market corridor.  Completed in 1908, this historic, six-story office building underwent renovations from 2011 to 2013 and is 94 percent occupied. 

Steven Golubchik

Current tenants include two industry-leading technology companies, Zendesk and Zoosk, and the ground floor retail space is occupied by national retailer Blick Art Supplies.

The HFF investment sales team representing the seller was led by managing directors Steven Golubchik and Nicholas Bicardo, directors John Simerlein, Nathan Blair and Mark Damiani, and senior real estate analyst Josh DiSalle. 

“Mid-Market is home to more than 20 percent of technology companies headquartered in San Francisco, and with the renaissance occurring in the immediate areas coupled with 989 Market proving to be a preferred creative building in the corridor, we saw a substantial amount of both domestic and international interest for the opportunity,” Golubchik said.

Harbert Management Corporation (HMC), together with its sponsored funds, has owned, developed and managed multifamily, office, industrial, retail and self-storage properties throughout the United States. HMC has a history of identifying real estate investment opportunities through its network of long-term, strategic relationships. Additional information about HMC can be found at harbert.net.

Nicholas Bicardo

ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm, managing over $4.9 billion (as of 3/31/14) in gross assets under management for over 250 institutional clients. 

Headquartered in Washington DC, ASB invests in major urban markets across the country, concentrating in office, multifamily, retail and industrial properties. 

 ASB manages the ASB Allegiance Real Estate Fund, its sole vehicle for core investing, as well as the ASB Meridian Real Estate Fund, a low-leverage opportunistic vehicle and a development separate account. For more information about the company please visit asbrealestate.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 $79.65 million financing for development of luxury apartment tower in Chicago’s South Loop

Daniel Kaufman

CHICAGO, IL – HFF announced it has arranged $79.65 million financing for the development of 1000 South Clark Street, a 469-unit, luxury apartment tower in Chicago’s South Loop.

               HFF worked on behalf of the borrower, a joint venture between iStar Financial and JDL Development, LLC, to secure the four-year, floating-rate construction loan through Bank of the Ozarks. 

1000 South Clark Street is located at the intersection of South Clark Street and Roosevelt Road less than two blocks from the Roosevelt “L” station and adjacent to a newly constructed multi-level Target and The Roosevelt Collection mixed-use development. 

Situated on a 2.53-acre site, the 28-story property will include 469 apartment units.  Community amenities will include a fitness facility and spa including sauna and steam rooms, indoor/outdoor yoga room, indoor swimming pool, all-season indoor/outdoor whirlpool, half-court basketball court, golf simulator and putting green, racquetball court, outdoor running track, multiple lounges and outdoor spaces, theater room, full-service dog day care and dog run, and 24-hour concierge service. 

Matthew Lawton

The property will also feature a dynamic courtyard entry experience, which welcome residents and visitors.

The HFF debt placement team representing the borrower was led by director Danny Kaufman and executive managing director Matthew Lawton. 

“The project will offer an absolute market leading mix of amenities and is well positioned in Chicago’s South Loop with a walk-to-work location and immediate access to neighborhood amenities,” commented Kaufman, who co-led the financing effort. 

iStar Financial Inc. (NYSE: STAR) is a fully-integrated finance and investment company focused on the commercial real estate industry.  The company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors.

  The company has invested more than $35 billion during the past two decades.  Additional information on iStar Financial is available on the company's website at www.istarfinancial.com.

JDL Development was founded in 1993 by Jim Letchinger, primarily as a developer of single-family homes and condominiums in the city of Chicago. Over the past 20 years the company’s projects progressed into larger row home and town home communities, as well as commercial properties and luxury high-rise apartments. 

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

King Street Properties launches $112 million two-building lab project; HFF arranges $89 million in financing in Cambridge, MA

Greg LaBine

BOSTON, MA – HFF announced it has arranged financing totaling $89 million for King Street Properties’ purchase of two laboratory buildings near the Alewife MBTA Station in Cambridge, Massachusetts, for a combined purchase price of $54.5 million.

Working on behalf of King Street Properties, LLC, HFF placed both acquisition/repositioning loans through Cornerstone Real Estate Advisers, acting on behalf of its advisory clients.  

A $22 million, floating-rate loan was secured for 87 Cambridge Park Drive and a $67 million, floating-rate loan was secured for 200 Cambridge Park Drive. 

87 Cambridge Park Drive is a 62,492-square-foot office/laboratory building that is currently vacant.  

200 Cambridge Park Drive is a vacant six-story 221,676-square-foot Class A office/laboratory facility that was most recently renovated in 2004.  

The properties are located within walking distance to the Alewife MBTA station and along the Route 2 corridor, about five miles north of Boston. 

Both properties will be renovated, repositioned and re-leased by King Street.  Cushman and Wakefield is handling the leasing of both properties.

Alewife MBTA Station, Cambridge, MA

According to King Street principals Thomas Ragno and Stephen Lynch, “The properties have terrific laboratory infrastructure in place already, as both were formerly owner-occupied by Pfizer. 

"Our program of renovations to 200 Cambridge Park Drive will include upgrades to the main lobby, a new dining area, new fitness center and renovation of the tenant spaces.”

“King Street has a long and successful track record in repositioning laboratory facilities in Waltham, Lexington and West Cambridge,” said Greg LaBine, managing director at HFF.  “In addition to the exceptional sponsorship, Cornerstone was attracted to the high quality of the assets and the strength of the location.”

The HFF team representing the borrower was led by managing director Greg LaBine.

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.Kingstreetproperties.com

Regency Centers Announces Proposal to Acquire AmREIT, Inc. for $22 per Share

Hap Stein

JACKSONVILLE, FL--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG) (“Regency” or “the Company”) announced it has offered to acquire AmREIT, Inc. (NYSE:AMRE) (“AmREIT”) for $22 per share, payable in cash and/or stock. 

Regency’s proposal, which follows previous efforts to obtain the information that would be necessary to proceed with a potential transaction, was reflected in a letter to H. Kerr Taylor, AmREIT’s chairman and CEO.

Regency’s offer represents a 20% premium based on the average closing price of AmREIT’s common stock over the last 30 days, and also exceeds AmREIT’s all-time high stock price by more than $2 share.

The benefits of this transaction include, among other things, an opportunity to leverage the synergies created by the combination of AmREIT’s assets with the Regency portfolio to grow same-property NOI, a strong balance sheet that would offer readily available capital for growth, and a strong platform from which to realize additional value through development and densification. 

“We are making this letter public because we feel that the potential benefits of a combination are just too great to ignore,” said Hap Stein, Regency’s Chairman and Chief Executive Officer.

“We believe that there is a strong strategic, financial and operational rationale for the combination of Regency and AmREIT. 

H. Kerr Taylor

"We are confident that this transaction is in the best interests of both companies’ shareholders and have a great interest in moving forward toward the negotiation of final terms and documentation.

 Importantly, we are willing to offer either cash or stock consideration, or a combination of the two, such that AmREIT shareholders could receive immediate and certain value for their shares and/or the opportunity to participate in the combined company’s upside potential.

 In addition, we are willing to consider improving our offer if the company information we have asked to review demonstrates additional value, particularly in relation to AmREIT’s pending and prospective densification projects.”

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

For Regency Centers Corporation

Investors

Michael Mas

904-598-7470

MichaelMas@RegencyCenters.com

or

Media

Joele Frank, Wilkinson Brimmer Katcher

Andrew Siegel / Jonathan Keehner

212-355-4449

Samsung Taps Colliers Tenant Rep Team for Expansion in Doral, FL

Erin Dee

MIAMI, FL -- Colliers International South Florida is pleased to announce Samsung Electronics Latino America Miami, Inc. has renewed and extended its lease at Doral Costa Office Park, located at 9850 NW 41st Street. Mort Fetterolf, Director of Industrial Services, and Erin Dee, Commercial Associate, represented Samsung in the transaction, which totals 18,335 square feet. 

"Samsung is in continuous growth mode and sought to address future needs in the tightening Doral Office market," says Fetterolf. 

"While representing our client's best interests, the successful completion of this transaction is the result of tremendous teamwork between landlord and tenant." 

Fetterolf had negotiated Samsung's prior lease, approximately six years ago, when they moved to the building from Koger Center Park.

Fetterolf also recently represented Samsung affiliate, CHEIL in a 4,500-square-foot expansion also at Doral Costa Office Park.

Mort Fetterolf

 Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. 

A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research.

The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

  With offices in Miami, Fort Lauderdale and West Palm Beach, Colliers International South Florida  is the single source provider of comprehensive commercial real estate services to local, regional and international owners, occupiers, investors and lenders.

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

Crystal Proenza

Vice President of Marketing and Culture

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com

  colliers.com/southflorida/about/media.

Trepp June CMBS Payoff Report: Percentage of Loans Paying at Maturity Falls

NEW YORK, NY -- The percentage of loans paying off on their balloon date slipped noticeably in June to 67.3%, about 10 points lower than the May reading of 77.1%.

The June payoff percentage was below the 12-month moving average of 71.7%. This number sums the averages of each month and divides by 12--there was no balance weighting across the months. The highest rate in the last five years was November 2013 when payoffs totaled 81.3%. (Trepp began measuring this statistic in August 2008.)

By loan count (as opposed to balance), 74.1% of loans paid off in June. That was a slight decrease from May's level, as 74.8% paid off on that basis. The 12-month rolling average by loan count is now 70.8%.

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

Eric@greatink.com

Marcus & Millichap Arranges Sale of 232-Unit Apartment Building in Tampa, FL for $7.56 Million

Evan P. Kristol

   TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Puritan Place, a 232-unit, garden-style apartment property, located in Tampa, FL. The asset sold for $7,556,000.

Evan P. Kristol, a senior vice president investments in Marcus & Millichap’s Fort Lauderdale office, and Michael Donaldson, an associate vice president investments, and Nicholas Meoli, a senior associate, in the Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Lafayette, LA.  The agents also secured the buyer, a private investor from Pembroke Pines, FL.

“This deal is a testament to investors’ appetites for stabilized buildings in areas with solid demand drivers.  Puritan Place is centrally located in Hillsborough County in close proximity to the area’s retail destinations and primary employment centers. The property’s strategic location creates both a convenient and practical home for residents, and provided the buyer with a value-add opportunity priced well below replacement cost,” says Donaldson.

Michael Donaldson

Puritan Place consists of 32 two-story buildings, which are comprised of eight studio apartments, 120 one-bedroom units, 64 two-bedroom units, 16 two-bedroom/two bath townhomes and 24 three-bedroom units.  The community also includes two swimming pools, four laundry facilities, ample parking and a stand-alone rental office.

Situated just blocks south of the Hillsborough River at the Puritan Road and North 56th Street intersection, the property is located at 7903 Holly Lea Court in Tampa, FL.

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

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Lincoln Brokers $2.3 Million Sale of Columbia, South Carolina, Office Building

Denton Shamburger

 ATLANTA , GA– Lincoln Property Company Southeast (Lincoln) has brokered the $2.3 million sale of the Seventy Seven Building, a two-story, 57,375-square-foot office building in Columbia, South Carolina.

 Vice President Denton Shamburger and Senior Analyst Chip Sipple, both of whom are in Lincoln’s Atlanta office, represented the owner, GE Commercial Finance Business Property Corp. Roger Winn of NAI Avant represented the buyer, Red Hills Holdings LLC.

Located at 101 Business Park Blvd., the Seventy Seven Building is less than 10 minutes from downtown Columbia and less than half a mile from Interstate 77. The building also is near Interstate 20 and offers free parking, signage and quality finishes.

The Seventy Seven Building was only 37 percent leased at the time of sale, and the surrounding submarket has been plagued by high office vacancies.

Chip Sipple

“We have enjoyed a long and productive relationship with GE, and we are proud to have assisted them in the disposition of this building,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office. 

“This particular sale, with a troubled asset in a sluggish market, is a powerful example of our ability to find quality buyers, even in challenging circumstances.”

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com

HFF arranges $72 million financing for seniors housing community in Costa Mesa, CA

James Fowler

IRVINE, CA – HFF announced it has arranged $72 million in financing for Vivante on the Coast, a 185-unit, newly-built seniors housing community in Orange County, California.

                HFF worked on behalf of the borrower and borrower’s affiliated developer, Nexus Companies (“Nexus”), to secure the three-year, 3.75 percent floating-rate loan through a specialty finance company. 

                Vivante on the Coast is located at 1640 Monrovia Avenue in Costa Mesa, less than a mile from Hoag Hospital in Newport Beach.  Completed in September 2013, Vivante on the Coast consists of a mixture of independent, assisted and memory care units. 

Community amenities include an indoor saltwater pool, salon, putting green, theater, lounge, sports bar, yoga and fitness facilities, bocce ball court, wine lockers, large outdoor courtyards and a 2.5-acre park with designated dog park.  Additional amenities include a superior culinary program, chauffeur service, 24-hour concierge, on-site nurses, and pet care.

The HFF team representing the borrower and Nexus was led by managing director James Fowler and director Charles Halladay.

Charles Halladay

“Vivante on the Coast is well positioned to take advantage of a supply-constrained market with high barriers to entry.  The quality of design, construction and customer service is unmatched in the market and yet their pricing is very competitive.  

"The experienced and compassionate team makes Vivante a truly unique option for seniors in our community,” commented Fowler.

Founded in 1981, Nexus is a real estate development firm with offices in Santa Ana, California and Phoenix, Arizona.  Nexus is a vertically integrated company that utilizes the experience of its highly talented team in the development of all real estate product types including office, retail, industrial/R&D, mini-storage, mixed-use, hospitality, senior living, single-and multi-family residential, and conversions.

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 closes sale of and arranges financing for The Lodge at Kingwood in Houston, TX area

Todd Marix

HOUSTON, TX – HFF announced it has closed the sale of and arranged financing for The Lodge at Kingwood, a 312-unit, Class A garden-style multi-housing community in Kingwood, Texas.

                HFF marketed the property on behalf of the seller, Altis AJU Kingwood, LLC, a subsidiary of Altis, LLC. DPR Kingwood, LLC purchased the asset for an undisclosed amount.  In addition, HFF’s debt placement team secured financing on behalf of the buyer through M&T Realty Capital Corporation. 

                The Lodge at Kingwood is situated on 14.75 acres at 938 Kingwood Drive, approximately 23 miles north of Houston’s central business district.  

Completed in 1999, the property is 95 percent leased and consists of one- and two-bedroom units averaging 877 square feet each.  Community amenities include a swimming pool, newly-renovated fitness center, barbecue and picnic areas, resident lounge with billiards table, cyber café and 32-seat movie theater.

Todd Stewart

                The HFF investment sales team representing the seller was led by director Tre Banks along with senior managing directors Todd Marix and Todd Stewart and director Chris Curry.

HFF’s debt placement team was led by associate director Corby Chaffin.

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 arranges $51.5 million financing for Class A multi-housing community in Lyndhurst, NJ

Thomas Didio

FLORHAM PARK, NJ – HFF announced it has arranged $51.5 million in financing for Vermella Lyndhurst, a 296-unit, Class A multi-housing community in Lyndhurst, New Jersey.

                HFF worked on behalf of the borrower, Russo Development, to secure the fixed-rate loan through a life insurance company.  Proceeds from the loan will replace existing construction debt and provide long-term permanent financing. 

Vermella Lyndhurst is located within walking distance of the Kingsland commuter rail station and seven miles west of Manhattan along the Route 3 corridor, providing access to Route 17, 21 and the New Jersey Turnpike. 

Completed in early 2014, the property features 296 luxury apartment units in one-, two- and three-bedroom configurations ranging between 827 to 1,918 square feet.  Units feature best-in-class finishes such as hard wood floors, quartz countertops, energy efficient stainless steel appliances, in-residence washers and dryers and nine-foot ceilings.

Vermella Lyndhurst Apartments, Lyndhurst, NJ

 Community amenities include an 8,000-square-foot clubhouse, outdoor heated pool, fire pit, cyber café, fitness center, media lounge, billiards room and a 4,000-square-foot dog park. 

The HFF team representing the borrower was led by senior managing director Thomas Didio and associate director Michael Lachs.

“HFF is very pleased to have assisted Russo Development in securing financing for this Class A multi-housing property,” stated Didio.  “This property is by far the highest quality residential complex in the area.”

For more information please visit www.russodevelopment.com.

  

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 arranges $10 million construction loan for marina storage facility in Miami, FL

James Dockerty

MIAMI, FL - HFF announced it has arranged a $10 million construction loan for the development of a 508-rack marina storage facility located at Haulover Park in Miami, Florida.

HFF worked on behalf of the borrower, Westrec Marinas, to secure the five-year, floating-rate construction loan through Florida Community Bank.

Due for completion in early 2016, the property will be located along the Intracoastal Waterway in Haulover Park, less than one mile from the Bakers-Haulover Inlet and just north of Bal Harbour.  

The enclosed dry storage facility will be situated north of an existing dry stack marina facility, which contains 260 open-rack dry storage units, a 3,200-square-foot building that includes a retail store and restaurant, and a 16,000-square-foot boat repair facility.  

The new storage facility will replace the existing boat storage facility once complete.

The HFF team representing the borrower was led by managing director James Dockerty and senior real estate analyst Scott Wadler.

One of the world’s largest privately owned owner operators of marinas and marine-related businesses, Westrec Marinas provides professional management services to its properties, affiliates and clients throughout the world.  Founded in 1987, Westrec manages marina facilities located both in fresh and salt-water environments, handling vessels ranging in size from personal watercraft to mega yachts.  For more information, please visit www.westrec.com.

Haulover Beach Park, Miami, FL

Florida Community Bank, with more than $5 billion in assets and 54 full-service banking centers throughout the state, is the fourth largest independent bank serving the state of Florida. 

With a considerable market presence in South Florida, the company has the resources and lending capacity to provide financing to fuel the growth of this region. 

Further information may be obtained at www.floridacommunitybank.com

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