Florida State University Names Recipients of 2014-2015 Crossman & Company Endowed Scholarship

Christina Cernkovic

ORLANDO, FL -- Florida State University Seniors, Christina Cernkovic and Danny Alvv recently received scholarships on behalf of Crossman & Company to support their deserving hard work and studies in the College of Business.  

Cernkovic is a double major in Finance and Real Estate with a minor in Hospitality Management. She is also the Secretary of the Real Estate Society, Vice President of Women in Real Estate, and Vice President of her Sorority, Phi Mu. After graduation this spring, she hopes to work in the site selection sector of commercial real estate in a tier one market.

John Crossman

“I am very thankful for this scholarship from Crossman & Company. It has helped me tremendously this year in all my educational endeavors and after graduation I hope I can give back to Florida State like Crossman & Company does every year,” added Cernkovic.

 In being awarded the Crossman & Company Scholarship, Alvv said, “I am very humbled and honored to be a recipient of the Crossman & Company Scholarship.

" It is always a great feeling to be recognized and rewarded for your accomplishments and work in a field I am passionate about.” 

Alvv is also majoring in Real Estate, which is not only a passion of his, but also one of his family’s. One of his brothers is a real estate attorney, while the other is a property appraiser.  

In addition, Alvv’s father owns a development company, which Alvv states has paved the way for him to get his real estate license and pursue his career in the commercial real estate industry.

“One of the best ways to improve the real estate market is to encourage the participation from the best of the next generation,” said John Crossman, President of Crossman & Company. “At Crossman & Company, we take that responsibility very seriously, and we impact education like no other firm in the United States.”

Crossman & Company plans to endow many more scholarships at Colleges & Universities throughout the Southeast.  

It is also of note, that the commercial real estate firm is currently breaking barriers by leading the way in establishing Real Estate Programs at Historic Black Colleges & Universities (HBCU).

Through this ground-breaking initiative, Crossman & Company will have established a Real Estate Program for at least three HBCU’s by the end of 2015, forever impacting the Real Estate industry.

To learn more about Crossman & Company and their influence on the industry, education and the community, visit: www.crossmanco.com

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

Claire Pagán

Director of Marketing

Crossman & Company

 cpagan@crossmanco.com

 407.581.6223

Crossman & Company’s Tyler Wilkins Inks Deal at Cornerstone at Lake Hart in Orlando, FL

  

Tyler Wilkins

ORLANDO, FL – Tyler Wilkins of Crossman & Company, one of the largest Southeast providers of commercial real estate services co-brokered a new lease for 3,575 square feet at 10663 Narcoossee Road Orlando, FL 32832 with Robert J. Molinari of Compass Realty.

The landlord of Cornerstone at Lake Hart leased the space to Giovanni’s Italian Restaurant & Pizzeria. This is the franchise’s fourth location to open in Central Florida.

“With another retailer brought to this area, it’s a good sign that the market continues to strengthen,” noted Crossman & Company President, John Crossman.

Anchored by Publix Super Markets and minutes from the Lake Nona Medical City, Cornerstone at Lake Hart has a great mix of local and national tenants with extremely limited leasing space available.

  For more information on leasing at Cornerstone at Lake Hart, please contact Tyler Wilkins, 407-581-6245, twilkins@crossmanco.com

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

Claire Pagán

Director of Marketing

Crossman & Company

 cpagan@crossmanco.com

 407.581.6223

HFF closes $54.3 million sale of Velocity in the Gulch in Nashville, TN

Megan Thompson

ATLANTA, GA – HFF announced it closed the sale of Velocity in the Gulch, a 238-unit, luxury urban mid-rise multi-housing community in Nashville’s Gulch neighborhood.

HFF closed the transaction on behalf of the seller, a joint venture between a predecessor company run by David Levin and a Chicago-based fund manager.  

Nicol Investment Company purchased the asset for $54.3 million. 

Velocity in the Gulch is located at the corner of 320 11th Avenue South and Pine Street, the most sought-after corner in Nashville’s Gulch neighborhood. 

This neighborhood is the Southeast’s first LEED Silver neighborhood and the primary commercial corridor for one of America’s fastest-growing cities. 

Completed in 2009 as a condominium and subsequently converted to for-lease multi-housing, the property features 18 different floor plans with market-leading condominium appointments.  

Jason Nettles

Community amenities include a sky lounge with outdoor fireplace, state-of-the-art fitness center, European-style courtyard with fountain and fire pit, spacious clubroom with coffee bar, and bicycle racks.

The HFF investment sales team representing the seller was led by senior managing director Jason Nettles and director Megan Thompson.

“This transaction represents the acquisition of a well-performing, stabilized asset that merges urban infill design and millennial appeal,” said Nettles.

“Velocity is poised to benefit tremendously from more than $500 million in ongoing and future investment in the Gulch neighborhood, including nearly 500,000 square feet of Class A office space, a 224-room Thompson boutique luxury hotel and the Sobro-Gulch Pedestrian Bridge. 

“With this acquisition, Nicol Investment Company is positioned to capitalize on this tremendous growth and demonstrated success of the Gulch neighborhood and Nashville.”

Velocity in the Gulch, Gulch Neighborhood, Nashville, TN

David Levin, formerly of Levin Realty Advisors, and partner Marc Swerdlow recently launched Magellan Investment Partners LLC in partnership with Magellan Development Group out of Chicago.  

The entity is an acquirer and value-add specialist within the multifamily rental industry focusing on asset purchases in Nashville, Chicago, Minneapolis, South and Central Florida, Denver and Texas.

                Nicol Investment Company is privately owned and based in Nashville.

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 acquisition financing for Class A office and medical office campus in San Diego’s University Town Center

       Genesee Place, University Town Center, 9333 and 9339 Genesee Avenue, San Diego, CA

                                            

Kara Mathis

SAN DIEGO, CA – HFF announced it has closed the sale of and arranged acquisition financing for Genesee Plaza, a 161,184-square-foot, multi-tenant office and medical office campus located in San Diego’s “strongest institutional submarket”, University Town Center. 

HFF marketed the property on behalf of the seller, DivcoWest.  Polidev Investments, Inc. purchased the complex and was assisted by HFF in securing acquisition financing.

               Genesee Plaza, which was recently renovated in 2012, consists of two four-story buildings (including the plaza level) and a two-level, 577-space subterranean parking garage.  

The property is 92.6 percent leased and situated on 3.63 acres at 9333 and 9339 Genesee Avenue at the corner of Executive Drive and Genesee Avenue in the heart of the University Town Center submarket.

Nick Psyllos

 The property is close to Westfield UTC Mall, the University of California – San Diego Thornton and Scripps Memorial Hospitals.  Genesee Plaza also has easy access to San Diego’s major freeways including Interstate 5 and 805.

               The HFF investment sales team representing the seller was led by senior managing directors Nick Psyllos, Ryan Gallagher and Michael Leggett, director Nick Frasco, and senior real estate analyst Kara Mathis.

               The HFF debt placement team representing the buyer was led by director Jordan Angel and senior managing director Aldon Cole.

               “University Town Center is San Diego County’s premier location for medical facilities, research and ancillary medical office uses,” said Psyllos.  “Between 2013 and 2016, an estimated $1.9 billion in medical facilities will have been developed in UTC.”

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 expands national healthcare practice with addition of managing director Evan Kovac

Evan Kovac

SAN DIEGO, CA – HFF announced Evan Kovac has joined the firm as a managing director in its San Diego office.

  Mr. Kovac will be a member of HFF’s national healthcare practice and will focus on medical office building and healthcare capital markets and investment sale transactions throughout the United States.

               Mr. Kovac joins HFF from Newmark Grubb Knight Frank (NGKF) where he was a managing director and member of NGKF’s Capital Markets Medical Office Group since 2012. 

While at NGKF, he worked on behalf of private equity, pension fund advisors, sovereign wealth funds, developers, physicians, hospitals, health systems and public and private REITs.  

Mr. Kovac began his career at Marcus & Millichap in 2005 with a focus on medical office investment sales.

 He graduated from the University of California, Santa Barbara with a bachelor’s degree in Philosophy and Economics.  Mr. Kovac is a mentor in the Big Brother & Big Sisters program of San Diego.

               “Evan will work alongside Michael Bennett, Jack Dudick, and  Phil Mahler, as well as the entire HFF healthcare team to put the ‘best team on the field’ for every healthcare and medical office building transaction,” said John Pelusi, executive managing director and head of HFF’s national healthcare practice.

John H. Pelusi Jr.

 “HFF has been fortunate to have grown our healthcare practice with highly respected and successful individuals such as Evan and we look forward to the value he will bring to our clients as well as our national healthcare platform.”

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 $6.856 million refinancing for Class A Denver-area neighborhood retail center

Bradburn Village Retail Center,
11940, 11961 and 11973 Bradburn Boulevard and 4147 Main Street along 120th Avenue,
Westminister, CO

Eric Tupler

DENVER, CO – HFF announced it has arranged a $6.856 million refinancing for Bradburn Village Retail Center, a 34,480-square-foot, Class A, neighborhood retail center in the Denver suburb of Westminster, Colorado. 

               Working on behalf of Continuum Partners, HFF placed the five-year, 73 percent LTV, 4.15 percent fixed-rate loan with a national CMBS lender.  Loan proceeds were used to refinance the existing loan.

               The four-building Bradburn Village Retail Center is situated on 3.88 acres at 11940, 11961 and 11973 Bradburn Boulevard and 4147 Main Street along 120th Avenue, a major artery providing direct access to Interstate 25 and U.S. 36 in Westminster, a northern Denver suburb approximately nine miles from downtown Denver. 

 The center is located in the Bradburn Village neighborhood, which is a mixed-use master planned community developed by the borrower including single family homes, multi-housing, offices and retail. 

Leon McBroom

Completed by the borrower in 2004, the 100-percent-leased retail center is home to Bikram Yoga of Colorado, T-Mobile, Pure Barre, Bradburn Village Dental, Ted’s Montana Grill, Zen Asian Bistro & Sushi, Appearances Hair Color & Design Studio and the Goddard School.  

The retail center is shadow anchored by a recently-opened Whole Foods Market, also built and owned by the borrower, but not included in the refinancing.

               The HFF team representing the borrower was led by senior managing director Eric Tupler and real estate analyst Leon McBroom. 

“Bradburn Village has been a very successful development for us,” said Mark Falcone, Founder and CEO of Continuum Partners.  “We are pleased that the financial markets have responded so favorable to the sustainable urban developments that Continuum has built through the years and will build for years to come.”

Mark G. Falcone

Continuum Partners was established in Denver, Colorado, in 1997 with a deliberate mission: to create sustainable human habitats of extraordinary character and enduring value.  

Individuals with a broad base of experience were recruited from around the country to form a development company dedicated to demonstrating that smart growth can actually lead to more profit.

  In the brief period of time since its inception, Continuum

Partners has established itself as a leader nationally of mixed-use, large-scale projects.  Learn more at www.continuumpartners.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