Chicago’s Parc Huron Luxury Rental Earns EPA Energy Star Certification

  

Anthony Rossi Sr.

CHICAGO, IL – Parc Huron, a luxury rental highrise in Chicago’s River North neighborhood, has earned Energy Star certification from the Environmental Protection Agency, announced RMK Management Corp. 

This certification is awarded to buildings able to significantly reduce electricity consumption.

Located at 469 W. Huron St., Parc Huron was also Illinois’ first rental highrise to earn LEED Gold certification from the U.S. Green Building Council (USGBC) when it opened in 2010. The building’s energy efficiency is one of the criteria for LEED.

“We’re very pleased to earn the EPA’s certification in recognition of our high level of sustainability and energy efficiency at Parc Huron,” said Anthony Rossi, Sr., president of RMK Management.

“It’s been a strong focus in our management of the building over the past five years to ensure we’re maintaining the eco-friendliness of the building. It was the greenest of its kind when it opening in 2010 and continues to be among the greenest today.”

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

 Vanessa Irving, virving@taylorjohnson.com, (312) 267-4525

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

HFF closes $28 million sale of 210-unit multi-housing community in suburban Portland, OR

The Park at Tualatin, 7800 SW Sagert Street, Tualatin, OR

 PORTLAND, OR, July 23, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Park at Tualatin, a 210-unit, garden-style multi-housing community located in the Portland suburb of Tualatin.

Ira Virden

HFF marketed the property on behalf of the seller, FPA MultiFamily, LLC.  TruAmerica Multifamily, LLC purchased the asset for $28 million.

Situated on a 17-acre parcel, The Park at Tualatin is located at 7800 SW Sagert Street and is bordered by SW Martinazzi Avenue to the west and Interstate 5 to the east.

 Partially renovated in 2013, the property is approximately 12 miles southwest of downtown Portland and is within walking distance to the area’s major retail attractions such as Bridgeport Village, Nyberg Woods, Nyberg Rivers and Tualatin Commons. 

The property has one-, two- and three-bedroom units averaging 775 square feet each.  Community amenities include a swimming pool and sun deck, playground, basketball court, fitness center and clubhouse. 

The HFF investment sales team representing the seller was led by managing director Ira Virden and associate director Kerry Hughes.

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

www.truamerica.com

www.fpamf.com.

  

Sale of 550-unit multi-housing community in suburban Kansas City closed by HFF

The Mansions Apartments, 2905 South Lee’s Summit Road, Independence, MO

Sean Fogarty

CHICAGO, IL – July 20, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Mansion, a 550-unit multi-housing community in Independence, Missouri.  

HFF marketed the asset on behalf of the seller, an affiliate of TIAA-CREF.  Aragon Holdings, LLC purchased the property free and clear of existing debt using funds from its discretionary Aragon Multi-Family Fund IV.

The Mansion is situated on 32 acres at 2905 South Lee’s Summit Road near Interstates 70 and 470 and Highway 291 in Independence, approximately 12 miles southeast of downtown Kansas City.  

The garden-style apartments have one-, two- and three-bedroom units averaging 794 square feet each. 

The property features two swimming pools, hot tub, tennis courts, racquetball courts, state-of-the-art fitness center, business center and an historic 7,100-square-foot mansion that was designed by Wight and Wight in the mid-1910s. 

The HFF investment sales team representing the seller was led by managing directors Sean Fogarty and Marty O’Connell and associate director Wick Kirby.

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

Marcus & Millichap Arranges $1.3 Million Sale of 13-Unit Apartment building in Fort Lauderdale, FL

Joseph P. Thomas

FORT LAUDERDALE, FL,  July 23, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1492 Holly Heights Drive, a 13-unit apartment property located in Fort Lauderdale, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $1,325,000, equating to $101,923 per unit.

Joseph P. Thomas, a vice president investments, Adam Duncan, a senior associate, and Derek Soven, an associate, in Marcus & Millichap’s Fort Lauderdale office represented the seller, a limited liability company from New York, and the buyer, a private investor from Boca Raton, Fla.

Adam Duncan

The property was previously renovated to condominium standards and has a beautiful gated courtyard with a swimming pool and patio,” says Duncan. 

“We were able to achieve a selling price of more than $100,000 per unit because of the property’s condition and large floorplans, which offer further rental upside,” says Soven.

 1492 Holly Heights Drive is a 13-unit apartment community built in 1981.  The property consists of 10 one-bedroom/one-bathroom units, one one-bedroom/one-bathroom loft, one two-bedroom/two-bathroom unit and one three-bedroom/two-bathroom unit.

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

Ryan Nee

Regional Manager, Fort Lauderdale

(954) 245-3400

HFF arranges refinancing totaling $26.34 million for 5 Texas multi-housing communities

De'On Collins

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a combined $26.34 million refinancing for five multi-housing communities totaling 890 units in Dallas and Austin, Texas.

HFF worked on behalf of the borrower, AmeriSouth Realty, to secure financing in five separate transactions.

 Rialto Mortgage Finance, LLC provided loans for three of the properties and Edgewood Capital Advisors provided loans for the remaining two assets.  Proceeds were used to refinance existing debt on the properties. 

Individual property details are listed below:

Property Name and Location                            Size                             Occupancy

Springdale Apartments                                      100 Units                      100.0%

1909 Higgins Street, Haltom City

Terrace View                                                     192 Units                      97.4%

417 West Tarrant Road, Grand Prairie

Park Creek Manor                                              322 Units                      99.1%

2520 Coombs Creek Drive, Dallas

Huntington Meadows                                         200 Units                      98.0%

7000 Decker Lane, Austin

Pythian Manor Apartments                                 76 Units                        100.0%

2719 East Illinois Avenue, Dallas

John Brownlee

HFF’s debt placement team was led by associate director De’On Collins and senior managing director John Brownlee.

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

Charles Dunn Company Completes Sale of Property for New Multifamily Project in Los Angeles, CA

Michel Hibbert

LOS ANGELES, CA, July 23, 2015 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $3,175,000 sale of a 6,789-square-foot retail property located on three lots at 6001 to 6011 W. Pico Blvd., in Los Angeles.

 Situated at a prime location near the 10 freeway, the buyer has plans for a new multifamily development.

Michel Hibbert of Charles Dunn Company represented buyer, Carthay Pacific, LLC from Los Angeles. The seller, 6001-6011 W. Pico Boulevard, LLC from Los Angeles was represented by David Aschkenasy of Commercial Asset Group.

“With rental units in demand throughout Los Angeles, the buyer plans to redevelop the asset which sits on 15,483 square feet of land into a 42-plus unit apartment property,” said Hibbert. “This up-and-coming Pico Boulevard/Crescent Heights neighborhood is an excellent submarket for new development because of the lack of luxury housing options.”

Hibbert noted that the retail property’s two retail tenants were on short term leases. Construction is anticipated to begin within 12 months with completion 36 months after construction commences. 

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

Darcie Giacchetto

949.278.6224

Hansen Realty Completes Two New Leases and Releases Shared Office Space at Bradley Business Center in Chicago’s North Center Neighborhood

John Hansen

CHICAGO, IL – Chicago-based Hansen Realty has signed two new tenants for a total of 81,000 square feet at the Bradley Business Center, one of the city’s largest North Side office and recreation complexes.

 Located at 2500 W. Bradley Place in the popular North Center neighborhood, the 500,000-square-foot, 22-acre Bradley Business Center will now be home to the Midwest’s first Collectors’ Car Garage, as well as the newest office for Compass Health Center Chicago, bringing the property’s total occupancy to more than 85 percent.

In addition to signing two new leases, Bradley Business Center has released its second phase of shared office space and also started construction on a new suite of building amenities, including a bike room, fitness center with on-site personal trainers and a rooftop deck complete with an indoor-outdoor entertainment venue. 

“When we started assembling the first parcel of land at Bradley Business Center seven years ago, we had the vision of developing one of the most highly amenitized commercial properties on the North Side,” said John Hansen, principal of Hansen Realty. “The addition of these two tenants confirms that we’ve been successful in repositioning this unique space as the premier office and recreational destination on Chicago’s North Side.”

  

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

 Kim Manning, kmanning@taylorjohnson.com, 312-267-4527

Essex Realty Group Brokers Sale of 4-Unit Multi-Family Building in Chicago, IL

  

1725--1733 South Ruble Street, Pilsen Neighborhood, Chicago, IL

 

Doug Fisher

 CHICAGO, IL, July 23, 2015 - Essex Realty Group, Inc. is pleased to announce the sale of 1725-1733 S. Ruble St.

1725-33 S. Ruble St., consists of two (2) adjacent new construction walk-up apartment buildings containing a total of four (4) luxury duplex apartments, four (4) garage parking spaces and 3,572 square feet of developable land zoned RT-4 located in Chicago’s Pilsen neighborhood.

The property is situated in close proximity to the University of Illinois at Chicago, the Halsted Street Metra Station, as well as I-90/I-94.

The sale price was approximately $925,000.

Doug Fisher and Jason Fishleder were the brokers on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

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

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

Hold-Thyssen Negotiates $4.5 Million Sale of Brandon Plaza Shopping Center in Brandon, FL

TAMPA, FL – Hold-Thyssen recently negotiated the $4,500,000 sale of the 30,000 square foot Brandon Plaza Shopping Center located at 1335 W. Brandon Blvd. (SR 60) in Brandon, Fla.

Monique Petronje, leasing associate at Hold-Thyssen’s Tampa office, negotiated the transaction on behalf of the local Buyers Joe Aprile and Ronnie Aprile.

Brandon Plaza, built in 1972 and remodeled in 2003, was 86 percent leased at the time of the sale.  Tenants include Ace Cash Express, Chapters Health, Pegasus Paints, Bob’s Carpet Mart, Bed Pros and Parrott Hut.

Headquartered in Winter Park, Fla., Hold-Thyssen provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Chatham Lodging Continues Expansion with Acquisitions of Residence Inns in Boston (Dedham), MA and Fort Lauderdale Intracoastal, FL

  

Jeffrey H. Fisher

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 it has acquired the 81-room Residence Inn Boston (Dedham), Mass., and is under contract to purchase the 105-room Residence Inn Fort Lauderdale Intracoastal/ Il Lugano.

The Fort Lauderdale transaction is expected to close in late August, following customary due diligence.  Chatham is acquiring the two hotels from the Claremont Companies for $55.5 million, or approximately $298,000 per room.   

“Our outlook on the industry remains bullish, and we continue to find excellent opportunities to add properties that match our strategy of acquiring premium-branded, high-quality, in-fill hotels with high barriers to entry and growing demand in two of the country’s strongest lodging markets,” said Jeffrey H. Fisher, Chatham’s chief executive officer and president.

 “Peter Willis, our chief investment officer, sourced these stellar acquisitions privately through his extensive network of industry relationships.”

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

Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289