Sale of 482-unit Waterfield Court Apartments in suburban Denver, CO closed by HFF

Jordan Robbins

DENVER, CO – HFF announced it has closed the sale of Waterfield Court, a 482-unit, garden-style multi-housing community in Aurora, Colorado.

                HFF marketed the property on behalf of the seller.  Aragon Holdings, LLC purchased the asset free and clear of existing debt.

 

                Waterfield Court is located at 3499 South Uravan Way near the intersection of East Hampden Avenue and South Buckley Road and is situated within proximity of the Denver Tech Center and Southeast Business Corridor, which encompasses more than 34 million square feet of office space.  

The property was more than 97 percent leased at the time of sale and includes one- and two-bedroom units averaging 792 square feet.  Community amenities include two swimming pools, indoor spa, basketball court, clubhouse and pet park.

Jeff Haag

                The HFF team representing the seller was led by director Jordan Robbins, associate director Jeff Haag and real estate analyst Jared Buffington.

                Aragon Holdings is a private real estate investment and fund management company headquartered in Los Angeles, California.  Founded in 2008, the firm has since acquired nearly 10,000 apartment units in 10 major metropolitan cities within seven states across the U.S.

 Aragon’s team is comprised of real estate, fund management and financial professionals that collectively have more than 75 years of experience successfully acquiring, building, developing, financing and operating commercial and residential real estate.  

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 Class A multi-housing community in Hillsboro, OR

Ira Virden

PORTLAND, OR – HFF announced it has closed the sale of Seneca Village Apartments, a Class A, 264-unit multi-housing community in Hillsboro, Oregon.

                HFF marketed the property on behalf of an institutional client of Invesco Real Estate.  Greystar Real Estate Partners purchased the community for an undisclosed amount.

                Seneca Village Apartments consists of 12 apartment buildings containing 156 one-bedroom units, 100 two-bedroom units and 8 three-bedroom units. 

Community amenities include a swimming pool and hot tub, barbecue area, clubhouse, business center, covered parking and detached garages. 

  The property is situated on 11.8 acres at 6710 NE Vinings Way, which is considered to be the “Silicon Forest,” named for its proximity to tech companies Intel, Sales Force, TriQuint, Geetch and Oracle.

Kerry Hughes

 The property is 14.7 miles west of downtown Portland and within a five-mile walk to two neighborhood shopping centers. 

 It is a half mile away from the Orenco/NW 231st Avenue MAX Light Rail Station that connects to downtown Portland and the Portland International Airport.

                The HFF investment sales team was led by director Ira Virden and associate director Kerry Hughes.

“The ability to buy late 1990’s construction with nine-foot ceilings, and close proximity to high-paying tech jobs is extremely rare in Portland,” Virden said. 

 “Seneca Village will benefit from the new construction in Orenco Station, and by implementing a value-add business plan, it will continue to be an extremely strong performer.”

Additional information is available at invescorealestate.com.

To learn more about Greystar, visit www.greystar.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 secures $95.2 million financing for multi-state suburban office portfolio in Connecticut and New York

Jon Mikula

 FLORHAM PARK, NJ - HFF announced it has secured $95.2 million to finance the acquisition of six office properties totaling 780,781 square feet in Connecticut and New York.

HFF placed the three-year, floating-rate loan with Cornerstone Real Estate Advisers LLC, acting on behalf of its clients. 

Keystone Property Group, which acquired the properties through a joint venture with Mack-Cali Realty Corporation as part of a larger portfolio deal, will use a portion of the loan to fund upgrades to the properties. 

 In July, HFF secured $47.5 million to finance the acquisition of 412 Mt. Kemble Avenue in Morris Township, New Jersey, another property in the portfolio deal between Keystone and Mack-Cali.

The properties in the latest acquisition include Soundview Plaza located at 1266 E. Main Street in Stamford, Connecticut; 555, 565 and 570 Taxter Road in Elmsford, New York; and Talleyrand Office Park, comprising two buildings at 200 and 220 White Plains Road in Tarrytown, New York. 

Jim Cadranell

The 179,610-square-foot Soundview Plaza is located 1.5 miles from Interstate 95 in the Stamford submarket.  Renovated in 2001, the seven-story building is situated on 1.82 acres and includes a 205,075-square-foot parking garage. 

The Class A Taxter Road office buildings total 422,422 square feet and are situated at the Interstate 87-287 junction approximately 29 miles north of New York City.  The buildings were constructed in 1972, 1985 and 1988. 

Talleyrand Office Park is located 25 miles north of midtown Manhattan and contains two 89,000-square-foot, six-story buildings, which are part of a 12.856-acre park.

The HFF debt placement team was led by senior managing director Jon Mikula, managing director Jim Cadranell and associate director Andy Roland.

“HFF is proud to have played a role in Keystone and Mack-Cali’s strategic vision for these well-located buildings,” Mikula said.

For more information, visit www.cornerstoneadvisers.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 financing for Hyatt Place Houston/Sugar Land in Sugar Land, TX

John Bourret

DALLAS, TX – HFF announced it has arranged an acquisition financing for the Hyatt Place Houston/Sugar Land, a 214-room hotel in Sugar Land, Texas.

Working on behalf of the borrower, Noble Investment Group, HFF placed the five-year, floating-rate loan with Texas Capital Bank. 

The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive in Sugar Land at the intersection of Highway 6 and U.S. 59. 

The hotel, which opened in 2010, has 6,000 square feet of meeting space, round-the-clock food and beverage options, outdoor swimming pool, express check-in and check-out kiosks, complimentary shuttle service and a 24-hour fitness room and business center.

The HFF debt placement team representing the borrower was led by managing director John Bourret and director Colby Mueck.

Colby Mueck

Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. 

Through its private equity real estate funds, Noble has invested more than $2.5 billion in upper upscale and upscale hotels located throughout the United States, which are affiliated with premium brands by Marriott, Hyatt, Hilton and Starwood. 

For additional information, please visit www.nobleinvestment.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 closes sale of two Class A office buildings in Austin, TX

Barton Oaks Plaza II and III, Austin, TX

DALLAS, TX – HFF announced it has closed the sale of Barton  Oaks Plaza II and III, two Class A office buildings totaling 237,835 square feet in southwest Austin.

HFF marketed the property exclusively on behalf of the seller, a joint venture between HPI Real Estate and Sarofim Realty Advisors.

 Invesco Real Estate purchased the assets for an undisclosed amount. 

Barton Oaks Plaza II and III are located on 6.79 acres in the Barton Oaks Plaza complex at the intersection of MoPac Expressway and Bee Caves Road. 

The buildings, approximately five minutes from downtown, are close to the Austin residential neighborhoods of Tarrytown, Rollingwood and West Lake Hills.

 The five-story buildings are 90 percent leased to a variety of tenants, including Fiserv Solutions, Graeber Simmons & Cowan, American Association of Nurse Practitioners, Oppenheimer and Parsons Brinkerhoff. 

Additional information is available at invescorealestate.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

Chick-fil-A Signs Long-Term Lease for 111,252-Square-Foot Industrial Facility Near Atlanta Airport

Rendering of Airport West Distribution Center
near Atlanta's Hartsfield International Airport

ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) is developing a 111,252-square-foot industrial facility at Airport West Distribution Center near Atlanta’s Hartsfield International Airport.

Denton Shamburger

Chick-fil-A, whose corporate headquarters on Buffington Road is across the street from Airport West, has signed a long-term lease to fully occupy the building upon its completion in January 2015.

 Denton Shamburger, vice president for Lincoln, represented the landlord, Morgan Stanley, in the lease and was the only broker involved in the transaction.

 The lease means Chick-fil-A will occupy nearly 85 percent of Airport West when the third building in the park is completed. Airport West currently features two buildings totaling 287,703 square feet, of which Chick-fil-A occupies 221,449 square feet.

 “Airport West has been a great success story, and Denton has done an outstanding job of leasing this industrial park,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office. “Chick-fil-A is every owner’s dream tenant, and we are proud to be able to call them one of our valued clients

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

Stephen Ursery

The Wilbert Group

404-405-2354

sursery@thewilbertgroup.com