HSA Commercial Completes 60,000 SF Lease with Black Horse Carriers at New Spec Building in Plainfield, IN

Robert Smietana

CHICAGO, IL and INDIANAPOLIS, IN ( August 27, 2014) - HSA Commercial, Inc., announced today that the firm has executed a 59,770-square-foot lease with Black Horse Carriers, Inc. at the firm’s recently-completed speculative industrial development at 1025 S Columbia Road in Plainfield, Ind.

This is the first signed lease for Gateway Industrial III, the 220,000-square-foot warehouse facility developed by HSA Commercial in partnership with Great Point Investors LLC.

Carol Stream, Ill.-based Black Horse Carriers, a third-party logistics firm specializing in dedicated fleet services and private fleet replacement services for the consumer products industry, will take occupancy of its leased premises in October.

“Tenant interest in the project has been very strong so far given our unique capability to accommodate these types of smaller industrial clients,” said Robert Smietana, vice chairman and CEO of HSA Commercial. “We are feeling very confident about the depth of the industrial market and our potential for a full lease-up by the end of the year.”

Gateway Industrial III, 1025 South Columbia Road
Plainfield,  IN

Gateway Industrial III distribution center is located on 13 acres immediately southwest of the Indianapolis International Airport in the Gateway Business Park. 

The new facility features 32’ clear heights, 35 truck docks, four drive-in doors, 256 parking spaces, and quick access to Interstate 70 with convenient connectivity to the rest of the regional interstate system. This is the fourth building developed in the Gateway Business Park.

  

Brian Buschuk, senior associate with JLL, represented Black Horse Carriers, Inc. in the lease transaction. CBRE’s Terry Busch and John Hanley are responsible for leasing at Gateway Industrial III.

  

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

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

Jordan Bressler Joins CFLane as Vice President of Marketing

Jordan Bressler

ATLANTA, GA — Jordan Bressler, a veteran marketer with more than 25 years of experience in promoting awareness of major organizations and brands, has joined CFLane, a rapidly growing manager of multifamily real estate, as vice president of marketing.

 Bressler will oversee marketing strategy, public relations, internal and external communications, advertising and digital marketing for both CFLane and its parent company, the full-service multifamily investment firm Cocke, Finkelstein Inc. (CFI).

“Jordan is the perfect addition to CFLane and CFI,” said Byron Cocke, co-CEO of the two companies. “He brings a wealth of marketing experience from a number of different industries, and this wide-ranging expertise will propel our firms to an even higher level of visibility among investors, clients and the public.”

“I greatly admire the growth that CFLane and CFI have achieved over the past several years, and the vision of co-CEOs Byron Cocke and Brett Finkelstein,” Bressler said. 

Byron Cocke

“They have assembled a first-class team of professionals in all facets of their business, and are working to instill a culture and set of values that will further secure the companies’ future as leaders in the industry. 

"A top-notch communications and marketing strategy will only serve to reinforce this notion, and to ensure consumers and potential investors come to us first when considering a partnership, investment or home.”

 Bressler comes to CFLane from Listingbook, a software-as-a-service real estate search and client management platform based in Greensboro, North Carolina, where he served in a similar role. 

Prior to Listingbook, he was the owner and president of Leapfrog Marketing, PR & Design, a full-service public relations and design firm that eventually joined forces with The Sales Factory, a Greensboro-based strategic marketing agency, in 2011.

 A former reporter for The Miami Herald and Associated Press, Bressler developed his style of content-driven creativity in lengthy marketing stints with the NBA’s Miami Heat and Lorillard Tobacco Co. While with the Heat, he oversaw publicity efforts during the conceptual, construction and early operational phases of the AmericanAirlines Arena, which opened in 2000.

 A native of New York City, Bressler is married and has three children. He has a communications degree from Florida International University.

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

Lee & Associates Arranges Two Industrial Leases Totaling 207,000 Square Feet in Northwest Metro Atlanta

  

Tommy Hiles

 ATLANTA, GA — Lee & Associates’ Atlanta office has brokered two industrial leases in northwest metro Atlanta totaling 207,000 square feet.

Tommy Hiles, SIOR and Billy Snowden of Lee & Associates represented the ownership of 2850 Barrett Lakes Blvd. in Kennesaw, Georgia, in the leasing of 150,000 square feet.

Jack Haden and Mike Chambers of NAI Brannen Goddard represented the tenant, Atlanta Bonded Warehouse Corp.

Hiles and Snowden also represented PrologicITS in its new 57,000-square-foot lease at 106 Northpoint Parkway in Acworth, Georgia. The landlord, Majestic Realty Co., was self-represented by Will Lombard.

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

Lincoln Property Co. Acquires Freeport Distribution Center in Phoenix, AZ

Alisa Timm

PHOENIX, AZ – Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix.

Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport.

 The project is a close-in infill site offering immediate connectivity to the I-10, I-17 and Loop 303 freeway. It boasts a strong tenant roster that includes Nestle North America and two Canadian-based, construction industry credit tenants: Moulding & Millwork (a subsidiary of Metrie) and Hardwoods Specialty (a subsidiary of Hardwoods Distribution, Inc.)

 LPC purchased Freeport Distribution Center from Atlanta-based IDI Gazeley Brookfield Logistics Properties and California-based BlackRidge Real Estate Group.

Ryan Martin

Brett Tremaine, Anthony Brent, Ryan Martin and Tom Simmons from HFF represented the seller. LPC will provide exclusive property management services for the new acquisition.

 “Phoenix’s southwest Valley is an extremely sought-after industrial real estate submarket,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Freeport Distribution Center is a great example of the submarket’s strength and its potential to become even stronger as its key assets continue to stabilize.”

Krumwiede quickly engaged LPC’s property management team to capitalize on the project’s potential, and is looking for additional opportunities across the Southwest to do the same.

“As a medium-size bay project, Freeport provides a nice balance to our regional portfolio. It is a welcome part of our company’s continued growth.”

 “Freeport Distribution Center allows LPC to do what we do best, which is to bring a good asset up to its maximum value,” added Lincoln Property Company’s Director of Management Services Alisa Timm, who oversees a more than 6.5 million-square-foot management portfolio for the company’s Desert West Region.

David Krumwiede

 “We do this by providing the services that today’s owners need most: financial savvy, positive relationships and creative ideas that keep tenants and buildings at the top of their game.”

 Located on approximately 11 acres at 5240 and 5302 W. Buckeye Road in Phoenix, Freeport Distribution Center includes one 135,114-square-foot industrial building and one 84,126-square-foot industrial building. The project features 25 – 28-foot clear heights, ESFR sprinkler system, front-load configuration and 240 – 260-foot shared truck court.

 Lincoln Property Company is actively seeking development and acquisition opportunities throughout the Valley. 

For more information, contact David Krumwiede, Executive Vice President, or Amr Ceran, Vice President, with Lincoln Property Company at (602) 912-8888.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Marcus & Millichap Arranges Sale of Urban Heights in Tampa, FL for $595,000

Casey Babb

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 Urban Heights, a 14-unit apartment property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $595,000.

Ari Ravi, associate, Casey Babb, a CCIM and vice president investments and Luis Baez, senior associate in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

Urban Heights is located at 5113 North Nebraska Avenue in Tampa, Florida. 

This 1980s built property consists of 12 one-bedroom/one-bathroom apartments and two studio apartments, housed in a single, two-story concrete block/wood frame building with pitched shingle roofs and interior corridor entries. 

Ari Ravi

Units feature semi-private, interior corridor entries, central HVAC, floor tile coverings, fully appointed kitchens, double basin sinks and dishwashers in select units and fully appointed baths.

“Urban Heights was a value-add opportunity in the emerging Seminole Heights submarket and garnered significant investor activity,” says Ravi.  “We generated four offers in the first week and the property went under contract within ten days, resulting in a quick, hassle-free closing.”

“This transaction further solidifies Seminole Heights as a market of interest for small apartment investors,” add Ravi.

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Charles Dunn Co. Completes 15,300-Square-Foot Creative Office Lease with Television Production Firm in Glendale, CA

  

Gelena Skya-Wasserman

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed a 15,300-square-foot, five-year creative office lease with Tim & Eric, Inc., a television production company, in Glendale, Calif. valued at approximately $1.5 million.

The lease includes fully occupying two previously vacant buildings that include a 10,800-sf property at 1500 Flower Street and an adjacent 4,500-sf building at 1442 Flower Street.

Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company represented the tenant, Tim & Eric, which is relocating and consolidating space from several Hollywood locations. Stevenson Real Estate represented the landlord, Avalon Investment Company.

“Avalon had purchased the property and was undergoing an extensive renovation when we reached out on behalf of our client. We negotiated and finalized the lease prior to the space hitting the market and before the renovation was completed,” said Beck.

Roger Beck

 “The market for quality creative office and production space is very tight in this area and is usually leased up the day it is listed.”

According to Beck, the tenant will be using the larger building for its production and general office space. The small building will be utilized for the company’s studio and filming activities.

Tim Heidecker and Eric Wareheim, known collectively as Tim & Eric, are an American comedy duo and creators of the Adult Swim television series Tom Goes to the Mayor; Tim and Eric Awesome Show, Great Job!; and Check It Out! with Dr. Steve Brule.

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

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224

HFF closes sale of Lakes on Post Oak office building in Houston, TX

Jeffrey Hollinden

HOUSTON, TX – HFF announced it has closed the sale of 3040 Post Oak Boulevard, a 427,486-square-foot, Class A core office building in Houston adjacent to the Galleria.

               HFF marketed the property on behalf of the sellers, a joint venture between an affiliate of Five Mile Capital Partners LLC and Crocker Partners.  MetLife Real Estate Investors purchased the property for an undisclosed amount.

3040 Post Oak Boulevard is located at the intersection of Post Oak Boulevard and Hidalgo in Houston’s Galleria/Uptown District.

 The 22-story building is part of the 1.2 million-square-foot Lakes at Post Oak office complex that includes 3050 Post Oak Boulevard, and also 3000 Post Oak Boulevard plus a 3.86-acre unrestricted development site, which HFF is also marketing for sale.

Dan Miller

 The building features exterior walls of bronze glass and aluminum and has views of the four-acre lake that weaves through the heavily-landscaped complex.  3040 Post Oak Boulevard is a past recipient of The International Office Building of the Year by the Building Owners and Managers Association. 

The property is approximately 80 percent leased to 25 tenants, including Bechtel Corporation, Carriage Services and Wealth Design Group.  

               The HFF investment sales team representing the seller was led by senior managing directors Jeff Hollinden and Dan Miller and director Trent Agnew.

“Lakes on Post Oak has been a very successful project for Five Mile Capital and Crocker Partners due to its location, access and park-like setting within the Galleria submarket,” Hollinden said.

 “The 3040 Post Oak Boulevard building has a great mix of long-term leases and near-term upside potential that will make this an ideal core investment.”

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.metlife.com/realestate.

$240 million in financing secured by HFF for One Channel Center in Boston’s Seaport District

Anthony Cutone

BOSTON, MA – HFF announced it has secured permanent financing totaling $240 million for One Channel Center and the Channel Center Garage, a 501,650-square-foot, newly-built office building and 967-space parking garage in Boston’s Seaport District.

               HFF represented the borrower, a venture between affiliates of Ares Management LLC and CV Properties LLC.  The financing was structured as a $190 million first mortgage, and a $50 million mezzanine loan.  HFF also arranged the $170 million construction loan for the property in 2012.

               One Channel Center, designed by the architectural firm of Add Inc. in collaboration with Spalding Tougias Architects, was built with “creative space” in mind, incorporating “cutting edge design” and space planning to optimize collaboration, efficiency and productivity.  Completed in June 2014, the 11-story building is leased in its entirety to State Street Corporation. 

Brett Paulsrud

One Channel Center and the Channel Center Garage are located within the larger Channel Center master-plan area, a 2.1 million-square-foot mixed-use neighborhood combining first class office, luxury residential, and street front retail and restaurants anchored by a series of landscaped parks featuring the 1.7-acre Channel Center Park. 

               The HFF debt placement team representing the borrower was led by managing director Anthony Cutone and senior real estate analyst Brett Paulsrud. 

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

FrontDoor Communities Teams with Ashton Woods at Lowcountry Community on James Island, Near Charleston, SC

  

Terry Russell

 ATLANTA, GA – FrontDoor Communities announced it is partnering with award-winning national private home builder Ashton Woods Homes at the company’s newest community, Freeman’s Point.

The beautiful master-planned community will feature approximately 130 homes and sits on the banks of Seaside Creek on James Island just minutes from downtown Charleston.

Both FrontDoor and Ashton Woods are established homebuilders in the Lowcountry with multiple communities and neighborhoods across Charleston. Freeman’s Point, which broke ground last fall, is FrontDoor’s third community in the Charleston area.

“Partnering with Ashton Woods aligns with FrontDoor’s mission to deliver better homes through quality design,” said Terry Russell, CEO of FrontDoor Communities.

Ryan Lewis

 “Ashton Woods is one of the most well-respected homebuilders in the country, and we’re confident the partnership at Freeman’s Point will produce an exceptional community that enhances the lives of its residents.”

Ashton Woods is one of the nation’s largest private homebuilding companies and was recently recognized as the Most Trusted Homebuilder in America for the second year in a row. 

The company is known for building homes with award-winning designs that inspire and offer homebuyers a high level of personalization options.

“Freeman’s Point is a stunning property and will provide residents with unmatched water views and an opportunity to vacation at home,” said Ryan Lewis, Division President for the Carolinas at Ashton Woods. “This was a tremendous opportunity for us to team up with FrontDoor Communities and provide buyers with homes of unmatched quality and craftsmanship all with their own personalized touch.”

For more information on Freeman’s Point, visit http://www.FreemansPoint.com.

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

M.C. Rhodes •The Wilbert Group

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

O: 404-343-0274  • M: 678-983-5867

www.thewilbertgroup.com