HFF expands West Coast retail investment sales team with the addition of Gleb Lvovich in its Orange County, CA office

Gleb Lvovich

IRVINE, CA, Aug. 5, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has expanded its West Coast retail investment sales team with the addition of Gleb Lvovich in its Orange County office.

  Lvovich joins HFF as a managing director focused on retail investment sales throughout Southern California and the West Coast.  He will work with HFF’s CJ Osbrink as well as the entire HFF West Coast retail investment sales team.

Lvovich joins HFF from CBRE, where he was a director on the NRIG (National Retail Investment Group) West team for the past 10 years. 

In this role, he specialized in the sale of neighborhood, community and power centers as well as single-tenant retail in the Western United States and was personally involved in the sale of more than 135 retail properties totaling more than $4.8 billion. 

He began his career in commercial real estate as an intern/sales assistant at CBRE.  Lvovich holds a Bachelor of Science degree from Chapman University. 

CJ Osbrink

Lvovich is the 30th producer to join HFF’s West Coast team since first quarter 2013.  Southern California has been a significant growth market for the firm with other recent additions including multi-housing and industrial investment sales professionals as well as several debt producers.

 These key hires have come through recruiting and organic growth, and are complemented by strong additions made in the support functions. 

“Gleb is a great addition to our West Coast investment sales team, which in the past few years has grown significantly.” said Ryan Gallagher, a senior managing director and co-head of HFF’s Orange County office. 

“Our goal is to build out the full platform of services and property specializations in each location with a primary focus on building the brand one person at a time, with best-in-class professionals who share the same guiding principles as our firm – client-focused, team-oriented, hard-working individuals who are leaders in their markets,”

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 | www.hfflp.com

krmurphy@hfflp.com

HFF secures $10 million refinancing for West Ridge Corporate Center in Eatontown, NJ

West Ridge Corporate Center, One Industrial Way West, Eatontown Business Park, Eatontown, NJ

FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $10 million refinancing for West Ridge Corporate Center, a 113,715-square-foot, office/flex campus in Eatontown, New Jersey. 

Michael Klein

Working on behalf of the borrower, Bollerman Real Estate Services, Inc., HFF placed the 10-year, fixed-rate loan with Principal Commercial Capital, a lending platform jointly formed by Macquarie Group and Principal Real Estate Investors. 

Loan proceeds were used to refinance an existing loan on the property. 

West Ridge Corporate Center is located at One Industrial Way West within the Eatontown Business Park. 

The five-building, office/flex complex is located just west of Route 35, one mile south of its intersection with Route 36 and less than three miles from Interchange 105 of the Garden State Parkway and Route 18. 

The property, which was constructed in 1983 and purchased by Bollerman in 2004, is currently 96 percent leased. 

The HFF debt placement team representing Bollerman was led by director Michael Klein.

“Bollerman was seeking a long term loan that would enable them to take advantage of low interest rates in arguably a soon to be rising interest rate environment,” said Klein.  “Principal understood the submarket and the short term leases associated with this product type and was able to provide a loan that best met Bollerman’s needs.”

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 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of Class A power center in northern New Jersey

  

Livingston Shopping Center, 530 West Mount Pleasant Avenue,
 Essex and Morris Counties, NJ

Jose Cruz

FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Livingston Shopping Center, a 140,000-square-foot power center, 97 percent leased to six national tenants in Livingston, New Jersey.

HFF selectively marketed the property on behalf of the seller, a partnership between KABR Group and G&S Investors.  Kite Realty Group Trust purchased the asset. 

Livingston Shopping Center’s two buildings house Nordstrom Rack, T.J.Maxx, Buy Buy Baby, DSW, Cost Plus World Market and Ulta Beauty.  

The center, fully repositioned in 2014, is situated on 20 acres at 530 West Mount Pleasant Avenue along the Route 10 retail corridor that runs through Essex and Morris Counties. 

The center is also less than a quarter mile from Livingston Circle, a prominent intersection connecting Route 10 with Eisenhower Parkway, and within three miles of Interstate 280 and Route 24. 

Kevin O'Hearn

The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn and associate director Michael Oliver.

“The Livingston Shopping Center represented an excellent opportunity to acquire a well-located Class A shopping center in an infill market,” Cruz said.  “These types of centers are in high demand and short supply.”

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 | www.hfflp.com

krmurphy@hfflp.com

www.kiterealty.com.

www.gsinvestors.com.

www.kabrgroup.com.

Chatham Lodging Trust Announces Second Quarter 2015 Results

  

Jeremy Wegner

  

PALM BEACH, FL,  Aug. 5, 2015 — Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels  and premium-branded, select-service hotels and owns wholly or through its joint ventures 132 hotels, today announced results for the second quarter ended June 30, 2015.

 In addition, the company provided initial guidance for the 2015 third quarter and updated its 2015 full-year guidance.

“We have a solid balance sheet that provides us capacity to continue making high-quality acquisitions while maintaining reasonable leverage,” explained Jeremy Wegner, Chatham’s chief financial officer.

“Additionally, because we have issued long-term debt over the last couple of years and currently all of our debt is long-term with low fixed rates, our earnings will not be materially impacted by any rise in interest rates for the foreseeable future.”

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

Patrick Daly

Account Executive

 Daly Gray, Inc.

620 Herndon Parkway

Suite 115

Herndon, VA 20170

 (703) 435-6293 (office)

patrick@dalygray.com