HFF arranges $8.298 million acquisition financing for 2-building office conversion in Atlanta’s Midtown neighborhood

Travis Anderson

 CHARLOTTE, NC– HFF announced it has arranged $8.298 million in acquisition financing for Midtown West, a portfolio of two industrial warehouses totaling 75,000 square feet and an adjacent 3.2-acre land parcel being converted into loft office space in the Midtown neighborhood of Atlanta, Georgia.

                HFF worked exclusively on behalf of the borrower, a joint venture between Stream Realty Partners (Stream) and a private joint venture partner, to secure the 35-month, floating-rate acquisition financing through RRA Capital Management.

The portfolio is composed of buildings at 1494 and 1510 Ellsworth Industrial Boulevard Northwest and land located at 1460 Ellsworth Industrial Boulevard Northwest.  

The properties are accessible to Interstate 75 via Howell Mill Road and are approximately 2.5 miles from the center of Midtown, 4.5 miles from downtown Atlanta and 10.5 miles from Atlanta’s Hartsfield International Airport.  Georgia’s second Topgolf location, slated to open in the spring, is currently under construction one hundred yards from the property. 

Stream is in city permitting with plans to reintroduce the project, rebranding it as “Ellsworth,” as early as June 2015.  The project will undergo an adaptive re-use conversion from flex industrial to loft office space. 

 For up-to-date progress on renovation plans, visit www.EllsworthATL.com or follow @EllsworthATL on Instagram.

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson, director Gregg Shapiro and senior real estate analyst Cory Fowler.

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

www.streamrealty.com.

Thomas D. Wood and Co. Secures $29.6 Million for Development of Estero Oaks Apartments in Estero, FL

Brad Cox

Sarasota, FL  –Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $29,600,000 for the development of the Estero Oaks Apartments in Estero, Florida.

Brad Cox, CCIM, Senior Vice President, and Doug Rozzell, Senior Vice President, secured a $29,600,000 construction loan to develop a 280-unit Class-A apartment property through Thomas D. Wood and Company’s relationship with a regional bank. 

The borrower engaged our firm to secure a fully-leveraged construction loan to develop the apartment property in a secondary market, where a majority of the equity was derived from an EB5 fund.  The construction loan has a term of three years interest-only, based on an interest rate that will float over the prime rate. 

The loan-to-value is 60% of as-complete valuation, and loan-to-cost is 75%.  The Estero Oaks Apartments will be built on 36.27 acres on the northwest corner of Estero Parkway and Three Points Parkway, Estero, Florida.

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

Jessica Kinnee

Director of Marketing & Public Relations           

 Thomas D. Wood & Co.     

 (407) 374-0251                    

jessica@tdwood.com         

Thomas D. Wood and Company’s Tampa, FL Office Announces Q4 2014 Commercial Mortgage Transactions

Doug Rozzell

Tampa, FL –Thomas D. Wood and Company Senior Vice President Doug Rozzell secured nearly $11,000,000 in financing during the fourth quarter of 2014.  The Tampa office financed $44,000,000 in commercial loans in 2014, which contributed to company-wide closings of more than $365,000,000.

Long-term fixed interest rates were historically low, contributing to the increase in successful closings in Q4, and 2014 as a whole.  Rozzell secured financing for commercial properties throughout Florida and the United States.

The most notable transactions during 2014 included the following:  $8,043,959 construction/mini-permanent financing for Viera Phase III, an anchored retail development in Viera, Florida; $1,430,000 permanent fixed-rate financing for Verizon, a single-tenant retail store in Pensacola, Florida; and $2,436,570 construction financing for Shoppes at Margie Road, an unanchored retail center in Warner Robins, Georgia.

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

DOUG ROZZELL                                                 JESSICA KINNEE 

Senior Vice President                                 Director of Marketing & Public Relations           

Thomas D. Wood & Co.                              Thomas D. Wood & Co.     

(813) 885-5111                                             (407) 374-0251                    

drozzell@tdwood.com                                 jessica@tdwood.com         

  

Chatham Lodging Announces Monthly Dividend

  

PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels,  announced that its board of trustees has declared a monthly common share dividend of $0.10 for February 2015.


The common dividend is payable March 27, 2015, to shareholders of record on February 27, 2015.

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

Chris Daly                                                                                Dennis Craven

Daly Gray Public Relations                                                    Chatham Lodging Trust

(Media)                                                                                     (Company)

chris@dalygray.com                                                               dcraven@cl-trust.com

(703) 435-6293                                                                       (561) 227-1386  

Marcus & Millichap’s Michael Mele Receives Prestigious Self-Storage Association Achievement Award

Michael A. Mele

TAMPA, FL –Marcus & Millichap is pleased to announce that Michael Mele, a senior vice president investments in Marcus & Millichap’s Tampa office, was just ranked the number one self-storage broker within the firm’s National Self-Storage Group for 2014, and was 16th out of nearly 1,300 Marcus & Millichap investment professionals, according to Richard D. Matricaria, vice president and regional manager of the firm’s Tampa office.

 Mike had another banner year in 2014 with $259 million in sales volume with 52 properties sold in 23 separate transactions.

“Mike has been a top self-storage investment specialist for well over a decade, and a huge contributor to the success of the Tampa office,” says Matricaria. 

“With his in-depth knowledge of the self-storage investment sector, dedication to providing superb client service and strong leadership abilities, Mike truly deserves this honor.”

Mele joined Marcus & Millichap in 1999 as an agent specializing in the self-storage property sector, and rose to senior associate in May 2002, vice president investments in January 2008 and senior vice president investments in 2014. 

Richard D. Matricaria

He has closed more than 250 self-storage transactions totaling over $1 billion, and has achieved senior director status in the company’s National Self-Storage Group. 

Mike is a frequent guest speaker at industry events, and is a contributing writer in publications such as Inside Self-Storage Magazine and the Mini Storage Messenger.

He is also a prominent member of the Florida Self-Storage Association (FSSA), and Self-Storage Association (SSA).

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

Richard D. Matricaria

Vice President/Regional Manager, Tampa

(813) 387-4700

Englewood Construction Promotes Lance Beeler to Director of Preconstruction Services

Lance Beeler

CHICAGO, IL – Englewood Construction, one of the country’s leading commercial construction firms, announced the promotion of Lance Beeler to director of preconstruction services from senior manager of preconstruction services.

 In this newly created position, Beeler will lead Englewood’s preconstruction, cost estimating, budgeting and scheduling staff.

“Since joining us three years ago, Lance has demonstrated great insight and communication with our clients, which is crucial in crystalizing big picture project goals,” said Bill Di Santo, president of Lemont, Ill.-based Englewood Construction. 

“Our estimating and procurement work has greatly increased as the economy has improved and our business has embarked on construction projects of a much larger scale.”

According to Di Santo, as director of preconstruction services, Beeler will organize and lead the entire work acquisition process including management, coordination and delivery of preconstruction services, allowing Englewood to work with clients during the schematic design and design development phases of the projects.

William Di Santo

“I have had the fortunate opportunity to sharpen not only my cost-estimating skills with Englewood Construction, but most importantly my people skills, which is critical in the design development process,” said Beeler. 

“Working on so many different types of projects has also honed my leadership and creative problem-solving abilities.”

Beeler has more than 19 years of experience in preconstruction estimating and project management. He previously was a preconstruction manager at Hoffman Estates, Ill.-based Leopardo Companies and had been in construction management with Chicago-based Walsh Construction Co.

Beeler holds a bachelor of science in construction management from Western Illinois University in Macomb, Ill.

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

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

   

Ackerman Medical Breaks Ground on New 40,000 SF Medical Office Building in Lithonia, GA

 (from left): Kris Miller, President of Ackerman & Co.; John Willig, principal of Ackerman Medical;  Dr. Kenneth Harper; Dekalb County Commissioner Stan Watson.

Hillandale Physician Place, Lithonia, GA

Atlanta, GA – Ackerman Medical, the healthcare division of Ackerman & Co., held its groundbreaking celebration on a new 40,000-square-foot medical office building in Lithonia, Ga.

The project, named Hillandale Physician Place, is located at the intersection of Hillandale Drive and DeKalb Medical Parkway, steps from DeKalb Hillandale Medical Center. 

It offers physicians the opportunity to expand and reposition their practices to succeed in high growth South DeKalb County. Hillandale Physician Place is set to open in June.

The $7.5 million, single story, Class “A” building is already 50% leased. Anchor tenant, Harper & Associates Family Medicine, was the first to endorse this new development.

John A. Willig

“Dr. Kenneth Harper is our biggest advocate,” said John A. Willig, principal of Ackerman Medical. “He recognizes the need for independent and affordable medical office space in Lithonia,” he added.  

Other major tenants include Thomas Eye Group, Ankle & Foot Centers of Georgia and DeKalb Comprehensive Physical Therapy.

The groundbreaking ceremony included Dr. Kenneth Harper and Mrs. Candy Harper; Dr. Naim Shaheed; Dekalb County Commissioner Stan Watson; John Willig, principal of Ackerman Medical; Kris Miller, President of Ackerman & Co.; and Bryan Davis, vice president of brokerage at Ackerman & Co.

Hillandale Physician Place is being privately developed and is owned by a venture of Ackerman Medical and local physicians. Hillandale Physician Place is now leasing; Bryan Davis is the exclusive leasing representative.

 Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing best-in-class investment, brokerage, management and development services since 1967. 

Lithonia is in DeKalb County, GA

To date, the company has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

The company’s healthcare division, Ackerman Medical, is Metro Atlanta’s number one owner and developer of physician-oriented medical office buildings. 

Ackerman Medical has developed more than 1.5 million square feet to date and has more than 5 million square feet of active medical listings.

For more information, visit www.ackermanco.com or www.ackermanmedical.com

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

Fara Wilson

Vice President, Marketing

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

HSA Commercial’s Tim Thompson Represents Industrial Income Trust Inc. in 150,000 SF Lease with Casio in Aurora, IL

1203 Bilter Road, Aurora, IL

Timothy Thompson

CHICAGO, IL  — Timothy Thompson, executive vice president and managing director of the Industrial Brokerage division, HSA Commercial Real Estate, represented Denver-based Industrial Income Trust Inc. in a long-term, 147,625-square-foot lease with Casio America, Inc. at 1203 Bilter Road in Aurora, Ill.

Casio, a leading manufacturer and seller of consumer electronic devices, will relocate from Glendale Heights, Ill. and will utilize the Aurora facility for its regional distribution operations

The 294,740-square-foot Bilter Road facility was developed by HSA Commercial in 2007 and was sold to Industrial Income Trust Inc. as part of a $100 million portfolio sale in 2010.

The facility, which features 30-foot clear heights and convenient access to Interstate 88, is now fully-leased since Thompson also assisted  Industrial Income Trust Inc. in a 147,115-square-foot lease with supply chain management firm UTi Worldwide, Inc. (Nasdaq: UTIW) last October.

Andy Corken of The Modal Group represented Casio America Inc. in the lease transaction at 1203 Bilter Road, and UTi Worldwide, Inc. was represented by Jeff Janda of Lee & Associates.

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

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

Six/Ten signs Everglades Law Center to Suites on Central office lease in Winter Haven, FL

Central Park Square, 347 West Central Avenue, Winter Haven, FL

Winter Haven, FL — Six/Ten LLC has leased office space in its newly modernized Suites on Central to Everglades Law Center, Inc., a nonprofit, public interest environmental law firm committed to protecting Florida's environment and advancing Everglades restoration.

Jason Totoiu

The company expanded its operations to an executive office space at 347 W. Central Ave. Chad Lennox, a Leasing Specialist with Six/Ten, completed the transaction representing both the buyer and landlord.

Everglades Law Center chose to move its operations to downtown Winter Haven for the area’s professional atmosphere, amenities and pedestrian-friendly accessibility. The firm is also expanding its territory into the Winter Haven area.

“I was drawn to the convenient, downtown location of Suites on Central and the history of the area,” said Jason Totoiu, Executive Director & General Counsel with The Everglades Law Center.

 “Our offices are strategically located throughout the Everglades ecosystem. Winter Haven’s location within the Kissimmee River watershed and near the headwaters of the Everglades makes it the ideal spot for us.”

Suites on Central occupies the second floor of Central Park Square in downtown Winter Haven. The historic building completed in 1914 has undergone complete updates to its plumbing, air conditioning, electrical and elevator systems. The remaining available suites vary from 240 sq. ft. to 502 sq. ft., along with one large East Wing Suite that consists of approximately 4,500 sq. ft.

As part of the upgrade, Six/Ten is bringing its fiber-optic wiring directly to office computers from the company’s neighboring buildings that house Verizon and other high-speed Internet providers. 

The ultra-fast Internet connections are expected to appeal to established firms and start-ups, both of which are being accommodated through an innovative floor design.

Central Park Square is adding to an urban rebirth of Winter Haven as Six/Ten purchases, renovates and leases office, retail and residential properties in the downtown district. The company is restoring historic buildings to their original, authentic architecture while updating their services.

  

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

Michelle Friedman

BoardroomPR

407-973-8555

mfriedman@boardroompr.com

 sixtenllc.com.