Monday, May 11, 2015

HFF closes $22.5 million sale of Publix at Sunrise in Fort Lauderdale, FL market

Publix at Sunrise, Fort Lauderdale, FL

MIAMI, FL, May 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $22.5 million sale of Publix at Sunrise, a 44,840-square-foot, single-tenant, net-leased Publix Supermarket in Fort Lauderdale, Florida. 

Daniel Finkle
HFF marketed the property on behalf of the seller, Stiles Corporation.  Publix Super Markets, Inc. purchased the asset free and clear of existing debt.

Completed in 2004, Publix at Sunrise is situated on 3.48 acres at 1415 East Sunrise Boulevard in Fort Lauderdale, the second largest city in South Florida. 

There are 61,566 households with an average annual income of more than $71,000 living within a three-mile radius, and the property is situated on Sunrise Boulevard, which has an average traffic count of more than 110,000 vehicles per day. 

Publix at Sunrise is 2.5 miles from Interstate 95 and approximately one mile north of Fort Lauderdale’s Central Business District.
The HFF team representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi.

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 |

HFF closes sale of 27-building industrial portfolio in Dallas and Houston

27-Building Industrial Portfolio in Dallas-Fort Worth and Houston, TX markets

 DALLAS, TX, May 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a 27-building, 2.35 million-square-foot, 95.6-percent leased industrial portfolio located in the Dallas-Fort Worth area and Houston, Texas.

Randy Baird
HFF marketed the portfolio on behalf of the seller, a partnership between Mayfield Properties, LP and AB Real Estate Group.  A private fund advised by Crow Holdings Capital – Real Estate (CHC-RE) purchased the assets for an undisclosed amount.

 The eight Dallas-Fort Worth properties are located in the DFW Airport North, Great Southwest, Valwood and West Brookhollow industrial markets. 

 The 11 buildings are 98.1 percent leased and total 1.015 million square feet. 

 The facilities are located at 1375 Avenue South and 1002 Avenue T in Grand Prairie; 2400 Centennial Drive in Arlington; 5101 Statesman Drive in Irving;

1625 Vantage Drive in Carrollton; 12901 Nicholson Road (three buildings) in Farmers Branch; 601-625 Mockingbird Road (two buildings) in Dallas and 8601 Ambassador Row, also in Dallas.

The eight Houston facilities are located in the Northwest and Southwest industrial markets and total 16 buildings with 1.335 million square feet. 

 The 93.6-percent leased portfolio is comprised of the 1801 West Sam Houston Parkway property; the two-building Greengrass Drive facility at 1401-1431 and 1501-1527 Greengrass Drive; 401-421 West Crosstimbers Street; the four-building Willowbrook facility with 8270 and 8280 Willowbrook Place North, 9305-9323 Millsview Road and 13161-13175 Misty Willow Drive;

Rusty Tamlyn
and the two-building Wynnwood Park at 7215 Wynnwood Lane and 7240 Wynnpark Drive in Houston; the three-building Julie Rivers property at 505 and 525 Julie Rivers Road and 12505 Reed Road in Sugar Land;

and the two Corporate IV buildings at 12603 and 12613 Executive Drive and the 4000 Greenbriar property in Stafford.

 The HFF investment sales team representing the seller was led by senior managing directors Randy Baird and Rusty Tamlyn, managing director Jud Clements, directors Trent Agnew and Robby Rieke and real estate analysts Stephen Bailey and John Rogers.

 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 |

Lexington Homes Tops 50 Percent Sales at Lexington Square3 Townhomes in Bridgeport, IL

Jeff Benach
CHICAGO, IL– Continuing to meet the needs of Chicago homebuyers drawn to the Bridgeport neighborhood, Chicago-based Lexington Homes is about to start construction on Lexington Square3, a community of 20 three-bedroom townhomes. 

Already 50 percent sold, Lexington Square3 is the builder’s third townhome community in Bridgeport. 

 Located between South Morgan and South Sangamon streets, Lexington Square3 is just west of U.S. Cellular Field. 

“Over the past six years, Lexington Homes has helped transform this area of Bridgeport into a family-friendly community through the construction of its Lexington Square communities. Once construction is complete at Lexington Square3, Lexington will have built and delivered a total of 83 townhomes in the area,” said Jeff Benach, co-principal of Lexington Homes.

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

Kelly Shumaker (312) 267-4519

Emily Johnson, (312) 267-4522

First Phase of Luxury Condominiums Now Move-In Ready at Clocktower Pointe in Countryside, IL

Peter Brennan
 CHICAGO, IL – Helping ease the Chicago region’s tight housing inventory, Hinsdale, Ill.-based Foxford Communities has announced that it has completed construction on the second building at Clocktower Pointe, its luxury condominium development in Countryside, Ill.

Located at the intersection of Joliet and Willow Springs roads, Clocktower Pointe will feature six six-story buildings upon completion comprising a total of 108 condominiums.

 Homes offer 1,882 to 2,267 square feet with two to three bedrooms and 2 to 2½ baths. Prices range from $359,900 to $589,000.

 “With only four units per floor, and only two on the penthouse level, Clocktower Pointe offers every buyer a corner unit, with windows galore,” said Peter Brennan, president of Foxford Communities.

“It’s an ideal community for those looking to downsize from the upkeep of a single-family home without sacrificing square footage. When you combine Clocktower Pointe’s high-end features with the property’s convenient location - only 30 minutes from downtown Chicago - it’s also a smart location for commuters.”

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

Kelly Shumaker (312) 267-4519

Kim Manning, (132) 267-4527

Demand in Full Bloom for Chicago-Area Townhomes

Jerry S. James
 CHICAGO, IL (May 11, 2015) – With flowers sprouting across the Chicago area, homebuyers and renters alike are looking to townhomes for a fresh start this spring at an affordable price.

 Builders have taken notice, and are bringing new construction townhomes to market from Glenview to Bridgeport and every point in between, delivering the space, privacy and maintenance-free living that Chicago-area residents are eager to enjoy this season.

 “People want to live near urban cores, but with high land costs, townhomes are the most viable option for many buyers to get the space, amenities and location at a price they can afford,” said Jerry S. James, president of Edward R. James Homes.

“Plus, townhomes match the lifestyles of a variety of homebuyers, from empty-nesters looking to downsize while still having the ability to accommodate guests, to young families in need of multi-level living space without the burden of maintaining a yard or snow removal.”

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

 Julie Liedtke, (312) 267-4521

Kim Manning,  (312) 267-4527

Lincoln Harris Brokers Four Leases Totaling Nearly 7,400 Square Feet in North Carolina

John Mikels
RALEIGH, N.C. (May 11, 2015) — John Mikels of Lincoln Harris’ Raleigh office has brokered four leases in North Carolina for a total of 7,368 square feet. Details of the transactions are below:

·      Bida Pool signed a 1,600-square-foot lease at Sycamore Square Shopping Center, located at 3308 Bragg Blvd. in Fayetteville. Mikels represented the landlord, Nassimi Realty, in the transaction. The tenant did not use a broker.

·      TradeSource Inc. signed a 968-square-foot lease at New Haven Office Centre, located at 2304 S. Miami Blvd. in Durham. Mikels represented the tenant in the transaction. 

The landlord, Ticon Properties, was self-represented by Brent Powell.

·      Dr. Nina Thomas, DDS, signed a 2,400-square-foot lease at Creedmoor Village Shopping Center, located at 1440 Brogden Woods Drive in Wake Forest. Mikels represented the landlord, 
Harris Teeter, in the transaction. Tommy Honey of Hunter & Associates represented the tenant.

·      Currier Veterinary Services signed a 2,400-square-foot lease at Creedmoor Village Shopping Center as well. Mikels also represented the landlord in this transaction.    
For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

NAI Realvest Negotiates Four New Office Leases representing landlords and tenants in Metro Orlando area

Christie Alexander
 ORLANDO — NAI Realvest recently negotiated four new office lease agreements on behalf of landlords and tenants in Casselberry, Downtown Orlando and Winter Park.

Broker Associate Drew Saphos, CCIM Principal Christie Alexander and Chairman George Livingston negotiated a new lease at Crossroads Business Center, 931 S. Semoran Blvd. in Winter Park, representing Landlord Crossroads FlexxOffice Ltd. of Miami and the new Tenant BBPM, LLC, a project and construction management firm, who leased 1,960 square feet.

 In Casselberry, Broker Associate Chris Adams negotiated a lease at 2909 Lakeview Drive for 1,152 square feet representing the landlord, Mel Pearlman & Susan Pearlman of Celebration, Fla. and the new tenant, Spring Spa Massage & Bodywork, Inc.  

Paul P. Partyka and Juan Jimenez negotiated two new leases at 14 E.Washingon St.  Auctis LLC d/b/a, a marketing firm, leased an executive suite to open a second office in downtown Orlando and Uniclass Management LLC, an IT service and support firm signed a three-year lease.  

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142


CBRE Capital Markets Arranges $54 Million Sale of Multifamily Community in Central Florida

The Park at Laurel Oaks apartments
Winter Springs, FL
Orlando, FL, May 11, 2015 – Shelton Granade, Luke Wickham, and Justin Basquill of CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment
community in Winter Springs, Florida, about 15 minutes outside of Orlando.

 The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLC by an affiliate of New York-based White Eagle Property Group for $54 million. 

CBRE exclusively represented the seller in the transaction.

“The Park at Laurel Oaks has great value add upside through minor property upgrades,” said
Mr. Granade, Executive Vice President of CBRE Capital Markets, Multifamily. ”Multifamily
investors continue to show strong interest in the Seminole County area of Orlando because of
its prime location near top rated schools, high-end retail and major employers.”

Shelton Granade
The Park at Laurel Oaks was built in two phases (1986 and 2000), and has a current
occupancy of 95%.

 The property is conveniently located in the affluent Orlando suburb of Winter Springs near three of the area’s largest professional employers – South Seminole Hospital, Lake Mary Heathrow Office Park and Maitland Center Office Park. 

Community amenities include a fitness center, business center, tennis court, car care center, private garages and two swimming pools.

Granade, Wickham and Basquill have closed nearly $1.9 billion in multifamily sales in Central
Florida from 2013 to date.

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

Elizabeth Cross

Daniel Jimenez