Lincoln Brokers Lease Renewals by Dollar Tree and Hibbett Sports at City Crossing in Warner Robins, GA

Kim Dart

TLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered lease renewals by Dollar Tree and Hibbett Sports at the City Crossing shopping center in Warner Robins, Georgia.

Kirk Williams, vice president of retail leasing in Lincoln’s Atlanta office, represented the landlord in the transactions and was assisted by Kim Dart and Morris Srochi of Dart Retail Advisors in the Hibbett Sports deal.

The details of the City Crossing transactions are as follows:

• Dollar Tree extended its lease of 15,600 square feet for 10 years, to 2025.

• Hibbett Sports renewed its lease of 6,000 square feet.

Through its leasing and management of City Crossing, Lincoln has revitalized the center, which totals 190,433 square feet and was built in 2001. After taking over the property as a court-appointed receiver, Lincoln worked on behalf of City Crossing’s ownership to negotiate and rebuild a faulty retaining wall on the property, which removed an impediment to securing leases. The repairs were fully completed in third-quarter 2014.

Kirk Williams

The completion of the repairs resulted in an increase in leasing activity, which has allowed Lincoln to renew and extend several credit tenants such as Michaels, Shoe Carnival, Dollar Tree and Hibbett Sports. 

A new anchor tenant, HomeGoods, has been signed to occupy 22,873 square feet, and this new retailer will open in the fall of 2015, bringing increased traffic to the center. The center’s occupancy rate has improved to 86 percent.

“Like retail markets across the state, the retail sector in Warner Robins continues to improve, and City Crossing offers a prime spot for retailers in the market,” Williams said. 

“Both Dollar Tree and Hibbett Sports recognize the value of being in City Crossing and were eager to remain in this improved, highly visible location.”

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

 Stephen Ursery

  Phone:  +1 (404) 549-7150

  Email:  sursery@thewilbertgroup.com

JLL Names Patsy Alston Vice President and Director of Marketing and Communications for Atlanta Office

Patsy Alston

ATLANTA, GA – Patsy Alston, a branding, marketing and public relations specialist with more than 15 years of experience in planning and executing communications initiatives, has joined JLL’s Atlanta office as Vice President and Director of Marketing and Communications.

 Alston will design and implement marketing and communication plans to drive demand for the firm’s service offerings and build the JLL brand in the Atlanta market.

Alston joins JLL from Harry Norman, Realtors, where she served as the Director of Marketing and Communications for five years and developed the residential real estate firm’s branding and marketing strategies.

“Patsy brings considerable branding experience as well as excellent execution skills and a collaborative work style,” said Mike Sivewright, JLL’s Atlanta Market Director. 

“The combination of these experiences and her impressive leadership track record will enable Patsy to effectively build upon our brand and market our services across the region.”

For more news, videos and research resources on JLL, please visit JLL’s U.S. Media Center web page.

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

 Stephen Ursery

  Phone:  +1 (404) 549-7150

  Email:  sursery@thewilbertgroup.com

www.jll.com.

HFF arranges joint venture equity and debt financing for 2144 California Street in Washington, D.C.

2144 California Street, formerly The Envoy Apartments,
 Kalorama Heights Neighborhood
Washington, DC

WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity and debt financing for the acquisition and redevelopment of 2144 California Street, formerly known as The Envoy Apartments, a nine-story, 113-unit apartment building in Washington, D.C.’s Kalorama Heights neighborhood.

Tracey Appelbaum

HFF worked on behalf of the developer, Federal City Property Investors LLC (Fed City), to arrange a joint venture equity partnership with CBD LLC (CBD), who contributed equity for the project. 

Additionally, HFF secured debt financing for the partnership through United Bank.

  Loan proceeds were used to acquire the asset and will also be used to create a comprehensive renovation/repositioning of the property.

2144 California Street, NW is located within Washington, D.C.’s affluent Kalorama Heights neighborhood, four blocks north of Dupont Circle and three blocks east of Massachusetts Avenue’s Embassy Row.  

The building offers 360-degree views of the city and consists of mainly one-bedroom units.  Originally built in 1958, the property will undergo an extensive renovation of both individual units and common areas.

Charles Berman

The HFF equity placement team representing Fed City was led by director Brenden Flood along with senior managing directors Alan Davis and Dave Nachison, associate director Bret Thompson and real estate analyst Tim Stanton. 

HFF’s debt placement team representing Fed City and CBD, LLC was led by director Daniel McIntyre.  Managing member Nicholas Demas headed the Fed City team and CBD was represented by principals Chuck Berman and Tracey Appelbaum.

Founded by Nicholas Demas, Fed City develops, acquires and operates quality apartment communities, office buildings, luxury hotels and triple net retail.  

Fed City focuses on urban core and value-add opportunities with a particular focus on major metropolitan areas of the U.S. and specific markets in Europe.  For more information, please visit www.fed-city.com.

Founded in 2013 by Chuck Berman and Tracey Appelbaum, CBD LLC is a privately held investment manager specializing in the development and acquisition of rental apartments and mixed-use developments in urban locations from Boston to Washington DC with a particular focus in New York City.

Brenden Flood

  Their investors include a range of family offices and high-net-worth individuals seeking direct institutional quality equity real estate exposure.  CBD LLC actively participates in its joint ventures as a limited partner or co-general partner. 

 Mr. Berman and Ms. Appelbaum have specialized in the revitalization of urban and high density suburban areas. 

 Both have decades of real estate investment, development, construction and management experience.  Mr. Berman was a Managing Principal and Vice Chairman at MacFarlane Partners urban investment group and Ms. Appelbaum was a Principal responsible for investment and development activities on the East Coast. 

 Prior to that, Mr. Berman was Founder and President of Avalon Properties (NYSE REIT), a publicly-traded real estate investment trust that, through a subsequent merger, became AvalonBay Communities, one of the largest residential REITs in the United States.  

Mr. Berman served as President and Ms. Appelbaum served as a Vice President at AvalonBay.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

CCR Signs The Mortgage Council, LLC In New Lease Transaction

Allan Carlisle

North Palm Beach, FL — Bryan Cohen and Allan Carlisle of Cohen Commercial Realty, Inc. announced the signing of The Mortgage Council, LLC to lease space at Pavilion Law Center. Located north of Northlake Boulevard on Federal Highway, this center features office suites with floor to ceiling glass exterior and interior. Cohen Commercial Realty, Inc., represents the Landlord in this transaction.

CCR Signs Habitat for Humanity ReStore In New Lease Transaction

Greenacres, FL — Bryan Cohen, William Soled and Jason Guralnick of Cohen Commercial Realty, Inc. announced the signing of Habitat for Humanity ReStore to lease a 32,683- square-foot space at Mil Lake Plaza. Located on the northwest corner of Lake Worth Road and Military Trail, the plaza is anchored by Big Lots. Cohen Commercial Realty, Inc., represents the Landlord in this transaction.

CCR Limoncello Cucina In New Lease Transaction

Palm Beach Gardens, FL — Bryan Cohen and Chris Haass of Cohen Commercial Realty,

Inc., announced today the signing of Limoncello Cucina to lease a 3,656-square-foot space at City Centre. Located at 2000 PGA Boulevard, just west of US Highway 1, this center is already home to Carmine’s Crab Shack and Twisted Trunk Brewery. Cohen Commercial Realty, Inc., represents the Tenant in this transaction.

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

Jamie Crocker

jamiecrocker@cohencommercial.com

Sale of Entitled Apartment Land in south Coast Plaza Town Center in Costa Mesa, CA Arranged by Marcus & Millichap

Rendering of planned development
at 580 Anton Boulevard
Costa Mesa, CA

COSTA MESA, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Michael Walseth and Nathan Holthouser, both members of the firm’s National Retail Group and National Land Group, have arranged the sale of a 25,000-square-foot shopping center located at 580 Anton Blvd. in the Town Center South Coast Plaza district of Costa Mesa, Calif.

The property is entitled for the development of 250 luxury apartment homes. The terms of the sale were not released.

Walseth and Holthouser advised the seller, a private investor. The buyer is a joint venture led by Legacy Partners.

“Located within Orange County’s cultural, financial and fashion epicenter, 580 Anton Blvd. is perhaps the most highly coveted multifamily development site to trade in Orange County in recent history,” says Walseth.

 “Our national marketing campaign generated more than 35 offers and interest from qualified developers and investors worldwide.”

“580 Anton Blvd’s development potential is excellent,” continues Walseth. “Recent rental rates at buildings located nearby have eclipsed $3.00 per square foot, evidence of the high desirability of residents to live within walking distance of South Coast Plaza Town Center, South Coast metro office buildings, and the Segerstrom Center for the Arts.”

Located on two acres at the northeast corner of Anton Boulevard and Avenue of the Arts in Costa Mesa, the planned development, 580 Anton Blvd., will consist of 250 units and an incremental amount of neighborhood-serving retail uses. 

The community will be constructed as a five-story “podium” design with more than 200,000 square feet of net rentable area. Construction is scheduled to commence in late 2015.

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

Gina Relva, Public Relations Manager

(925) 953-1716

Arbor Terrace Senior Housing Property Sold in Tampa, FL; DTZ Tampa’s Allen McMurtry Represents Seller

Megan Fetter

TAMPA, FL – DTZ, a global leader in commercial real estate services, announced that the team of Allen McMurtry, Megan Fetter and David Kliewer has arranged the $20 million sale of Arbor Terrace at Citrus Park on behalf of Citrus Park ALF, LLC.

Arbor Terrace was designed by Tampa architectural firm Chancey Design and developed by a joint venture between Tampa architect/developer Walt Chancey and Rookis Development Company based in Santa Rosa Beach, FL.

The project was pre-sold to Capitol Seniors Housing prior to breaking ground and the transaction closed upon certificate of occupancy.

 The property consists of 6.34 acres and 92 units – 52 assisted living, 14 transitional memory care and 26 memory care.

Allen McMurtry

Conveniently located at 13810 Sheldon Road in the heart of the Citrus Park neighborhood in Tampa, Arbor Terrace is situated in a prime location, allowing residents access to everything that Citrus Park and the greater Tampa Bay area has to offer.

 In addition to its excellent location, Arbor Terrace offers personalized engagement programs for each of its residents, focusing on their individual abilities and interests.

Since 1988, the Tampa-based DTZ Senior Housing team (formerly Cassidy Turley) has sold 160 Senior Housing communities in 31 states with an aggregate sales volume of $2 billion. The team’s average transaction size over the past decade exceeds $35 million.

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

Nicole J. Grzywacz

Marketing Manager | DTZ

4301 Anchor Plaza Parkway, Suite 400 | Tampa, FL 33634 | USA

Direct: 813-349-8545

nicole.grzywacz@dtz.com

  www.dtz.com