HFF arranges $41.25 million construction/permanent loan for The Hoag Health Center – Irvine in Irvine, CA

Rendering of the planned Hoag Health Center-Irvine at Alton Parkway
 and Sand Canyon Avenue, Irvine, CA

Zach Koucos

 SAN DIEGO, CA – HFF announced that it has secured a $41.25 million construction-to-permanent loan for The Hoag Health Center  –  Irvine, a to-be-built 150,000-square-foot medical office development in Irvine, California.

HFF worked exclusively on behalf of San Diego-based Pacific Medical Buildings (PMB) to secure the 12-year, fixed-rate loan through a correspondent life insurance company.

 The loan is interest-only during the two-year construction period, and the fixed rate was locked over eight months in advance of the loan closing.  HFF is servicing the loan.

                Scheduled for completion in early 2016, The Hoag Health Center – Irvine will consist of three two-story, Class A, 50,000-square-foot ambulatory care centers designed and constructed using sustainable principles and flexible floor plans.

Aldon Cole

 Located at the intersection of Alton Parkway and Sand Canyon Avenue, the property is directly across from Hoag Hospital Irvine, a 154-bed private hospital with inpatient, outpatient and emergency room services, and walking distance to Kaiser Permanente Hospital.  

The Hoag Health Center – Irvine is 100 percent leased to Hoag Hospital. 

Less than one mile from Interstate 405 (San Diego Parkway), the southern Orange County location places the asset less than 2.5 miles from the convergence of Interstate 5 (Santa Ana Freeway) and Interstate 405.

The HFF team was led by director Zach Koucos and senior managing directors Aldon Cole and Tim Wright.  Jake Rohe and Ben Ryan led the transaction for PMB.

”We were targeting a very specific financing product with a long forward-commitment component,” Rohe said.  “HFF was able to deliver exactly what we were looking for to meet our business objectives for this unique project.”

 For more information, please visit their website at www.pacificmedicalbuildings.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 $35.35 million building sale in downtown Portland, OR and secures $25.51 million financing

2100 SW River Parkway, Portland, OR

Nicholas Kucha

PORTLAND, OR – HFF announced today that it has closed the $35.35 million sale of and secured $25.51 million acquisition financing for a 96,250-square-foot, mid-rise office building located at 2100 Southwest River Parkway in Portland’s Central Business District.

                HFF coordinated the transaction of 2100 Southwest River Parkway.  The seller is Clarion Partners, and the buyer is BDC Advisors, who purchased the property free and clear of debt.

  HFF also secured a seven-year, fixed-rate acquisition loan on behalf of the new owner through a regional bank.

                2100 Southwest River Parkway is located in the south end of the Portland CBD on the Willamette River adjacent to the southernmost part of Waterfront Park and less than a mile southeast of downtown. 

The eight-story, Class A office building was completed in 1995 and is 100 percent leased to two tenants.  The property is half a block from the nearest light rail station and is easily accessible via other transit options including the Portland Street Car and Trimet bus lines. 

Erica Christensen

2100 Southwest River Parkway also offers three levels of on-site parking consisting of 176 stalls.

                The HFF investment sales team representing the buyer was led by director Nicholas Kucha and senior real estate analyst James Childress.

                The HFF debt placement team representing the buyer was led by managing director Casey Davidson and senior real estate analyst Erica Christensen.                

Clarion Partners has been a leading U.S. real estate investment manager for 33 years.

 Headquartered in New York, the firm has offices in major markets throughout the U.S.; in São Paulo, Brazil; and London, England, as well as a presence in Mexico.

 With $33 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. 

More information about the firm is available at www.clarionpartners.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 $23.55 million financing for Class A regional retail center in Denver, CO

Quebec Square shopping center, Stapleton area, Denver, CO

Eric Tupler

DENVER, CO – HFF announced today that it has arranged a $23.55 million acquisition loan for Quebec Square, a 207,561-square-foot regional retail center in the Stapleton area of Denver, Colorado.

Working on behalf of Inland American Real Estate Trust, Inc., HFF placed the 10-year, fixed-rate loan with Nationwide Real Estate Investments.  HFF will service the loan. 

Quebec Square was built in 2003 as part of the master planned redevelopment of the former Stapleton Airport site. 

Quebec Square is located seven miles northeast of downtown and occupies 22.07 acres.  Beginning in 2016, the East Line of the Denver RTD Light Rail system and adjacent Central Park Station will service Quebec Square.

 The property is 97 percent leased to national retail and restaurant tenants, including Ross Dress for Less, Office Depot, PetSmart, Game Stop, Buffalo Wild Wings, Smashburger, GNC and Jimmy Johns.  Additionally, the center is shadow-anchored by Walmart, Sam’s Club and The Home Depot.

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

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.inlandamerican.com.

Global Advisory Firm FTI Consulting, Inc. Relocates to 17,000 SF at One Biscayne Tower in Downtown Miami, FL

One Biscayne Tower, Downtown Miami, FL

Brian Gale

Miami, FL, - FTI Consulting, Inc. (NYSE: FCN), a global business advisory firm, has moved from Miami Center to One Biscayne tower leasing 17,000 square feet at the 39-story, 700,000 square foot Class A office tower located in Downtown Miami.

The transaction was negotiated on behalf of the owner by Brian Gale and Ryan Holtzman of Taylor & Mathis.  The tenant was represented by Tony Jones of Cushman & Wakefield.

“The office market is on fire and leasing velocity at One Biscayne is still picking up steam,” according to Ryan Holtzman, Taylor & Mathis Leasing Director. 

“We completed over 110,000 square feet of deals in 2013 and we were close to surpassing those numbers in 2014.” The office building which offers incredible views of Biscayne Bay is one of downtown Miami’s best values for office space.   

One Biscayne Tower recently underwent renovations to the common areas with the vacant spaces and tenant corridors getting all new build outs with new common area finishes and lighting.

 “It looks like brand new space,” stated Brian Gale, Taylor & Mathis Principal and Managing Director.

Ryan Holtzman

One Biscayne Tower also received Gold LEED certification in 2014. During the LEED Gold certification process more than 83,000 square feet in lease transactions were completed.

 Tenants include Northwestern Mutual, Sedgwick, LLP, Harvard Maintenance, Grass Roots America, Veritext, LLC, Foreman Friedman, ADD Inc., Young Bill Roumbus & Boles, PA, Flagler Investment, Marcus Neiman & Rashbaum, CellMark Pulp & Paper. 

 FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment.

With more than 4,200 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring.

Tony Jones

The Company generated $1.65 billion in revenues during fiscal year 2013.

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

  Ryan Holtzman

  rholtzman@taylormathis.com 

 (305)476-8880

 www.TaylorMathis.com

 www.taylormathisflorida.com .

www.onebiscaynetower.com

www.fticonsulting.com

C&W Secures First Lease in Port 95 Business Center in Dania Beach, FL

  

Port 95 Business Center, Dania Beach, FL

  

Christopher Metzger

 DANIA BEACH, FL - Cushman & Wakefield announced today that is has inked the first lease at the newly-constructed Port 95 Business Center in Dania Beach, Florida.

Executive Director Christopher Metzger, Executive Director Richard Etner, Jr., and Senior Director Christopher Thomson represented Saul Gilinski’s MSG Port 95, LLC in securing a 37,205-square-foot lease with Premier Produce.

Premier Produce is a Pembroke Pines-based food service distributor with a 42-truck fleet servicing retail and institutional clients throughout South Florida. Premier’s occupancy will begin in June 2015.

Port 95 Business Center, located at 2650 SW 36th Street, is a Class A, 229,643-square-foot, state-of-the-art distribution facility.

Richard Etner

The center’s location in the Southeast Broward industrial market provides excellent access to Interstate 95, Interstate 595, Florida’s Turnpike, Interstate 75, and the Sawgrass Expressway.

The building offers abundant loading doors, ESFR fire sprinkler system, energy efficient T–5 warehouse lighting, 32’ ceiling clear height, and and offices built to suit.

In November 2014, Metzger, Etner and Thomson represented developer Bridge Development in the $27 million sale of Port 95 Business Center to MSG Port 95, LLC.

“Premier Produce is the first of what we expect to be many tenants filling the balance of the space at the Port 95 Business Center," said Metzger.

According to Cushman & Wakefield’s Q4 2014 Broward County Marketbeat report, “demand for Broward industrial product continues to outpace supply, compressing cap rates and pushing pricing on what little product becomes available.”

Christopher Thomson

The Southeast Broward submarket has an average warehouse and distribution center rental rate which exceeds the market average by 13 percent, illustrating the allure.

“This submarket remains one of the most desirable in South Florida,” added Metzger. "We believe the demand for new product will remain high.”

Florida Corporate Realty represented Premier Produce.

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 248 offices in 58 countries, employing more than 16,000 professionals.

 It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

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

Christopher J. Metzger, SIOR

Executive Director

(954) 771-0800

chris.metzger@cushwake.com

Richard. F. Etner, Jr., SIOR

Executive Director

(954) 771-0800

rick.etner@cushwake.com

Christopher Thomson, SIOR

Senior Director

(561) 227-2020

christopher.thomson@cushwake.com  

NAI Realvest Completes Leasing and Sale at Monroe CommerCenters in Sanford, FL for Industrial Space Totaling 23,400 square feet

               

Kristen Kemp

ORLANDO, FL --- NAI Realvest recently negotiated three lease agreements and a sale on industrial space totaling 23,402 square feet at Monroe Commerce Center in Sanford.

Michael Heidrich, a principal at NAI Realvest and associate Kristen Kemp

represented the landlord at Monroe CommerCenter South, 719 Progress Way, in the lease of 4,000 square feet.  RDM Industrial Electronics, Inc. is the new local tenant.  

Heidrich also negotiated a lease renewal agreement at Monroe CommerCenter South with TekQuest Industries Corporation d/b/a Rush Hampton who occupies 10,800 square feet in unit 1001 at 4275 Church St.

At Monroe CommerCenter North, 4200 Church St., Heidrich negotiated a lease renewal of Suite 1048 with 7,252 square feet on behalf of the landlord. 

Michael Heidrich

The tenant is Franklin Electric Co., Inc. 

Heidrich negotiated the sale of  a 1,350 square foot industrial condo in Monroe CommerCenter IV representing the seller Small Bay Partners, LLC. 

The buyer, Longwood-based FC Management Consulting LLC, who already owned one 1,350 square foot unit, paid $84,650.00 for its second unit to occupy a total of 2,700 square feet at Monroe IV.

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

Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com