Post Properties Announces Regular Quarterly Preferred Dividends

ATLANTA, GA --(BUSINESS WIRE)-- Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, today announced regular quarterly dividends for its 8.5 percent Series A Cumulative Redeemable Preferred Stock of $1.0625 per share for the third quarter of 2015. 

The dividend is payable on September 30, 2015 to all Series A preferred shareholders of record as of September 15, 2015.

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

Post Properties, Inc.

Chris Papa, 404-846-5028

HFF arranges $66.78 million acquisition financing for office building in Washington, D.C.’s Dupont Circle

11 Dupont Circle, Washington, DC

Sue Carras

WASHINGTON, D.C. – September 1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $66.78 million financing for 11 Dupont Circle, a 155,713-square-foot office building in Dupont Circle in Washington, D.C.

Working on behalf of the borrower, First Potomac Realty Trust, HFF placed the 15-year, fixed-rate loan with an insurance company separate account advised by an affiliate of Walton Street Real Estate Debt (WSRED) in conjunction with KeyBank who will retain servicing on the transaction.  Loan proceeds were used to finance the prior acquisition of the property.

Located in the epicenter of Washington, D.C., Dupont Circle sits at the confluence of residential neighborhoods, the city’s commercial core, and cultural and entertainment hotspots.

 11 Dupont Circle is situated at the nexus of Connecticut, Massachusetts and New Hampshire Avenues and is within walking distance of the Red Line metro station providing access to the entire metropolitan area.  Renovated in 2004, the property is 96 percent leased to a diverse mix of tenants.

The HFF debt placement team representing the borrower was led by Sue Carras and Dan McIntyre.

 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

HFF secures $10.725 million acquisition financing for power center near Shreveport, LA

Bossier Corners, 2001-2035 Airline Drive, Bossier City, LA

IRVINE, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $10.725 million in acquisition financing for Bossier Corners, a 173,178-square-foot regional power center in Bossier City, Louisiana.

HFF worked on behalf of the borrower, an affiliate of Anenberg Asset Management, to secure the 10-year, fixed-rate loan through C-III Commercial Mortgage.

James Fowler

Bossier Corners is situated on 15.61 acres at 2001-2035 Airline Drive in the Shreveport-Bossier City metropolitan area, the second most popular tourist destination in Louisiana.  The center is located along U.S. Highway 80, which has direct access to Interstate 20.

 Across the street from Pierre Bossier Mall, the center is less than three miles from multiple casinos and hotels on Bossier City’s Red River.  It is also less than three miles from Barksdale Air Force Base, home of the 2nd Bomb Wing and the second largest employer in Louisiana.

 Tenants of the 96-percent-leased center include Office Depot, Regal Cinema, Stage, 2nd and Charles, Hancock Fabrics, Tuesday Morning and 4 Wheel Parts.

The HFF debt placement team representing the borrower was led by managing director James Fowler.

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

HFF arranges joint venture equity for redevelopment of The Patterson House in Washington, D.C.

Patterson House, Washington, DC

Sue Carras

 WASHINGTON, D.C. –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity for the redevelopment of the Patterson House, a historic mansion in Washington, D.C. that will be renovated and expanded into 92 fully-furnished, luxury apartment units.

HFF worked on behalf of SB-Urban, whose principals are Frank Saul III and Mike Balaban, and its partner Rooney Properties, whose principals are Francis and Kathleen Rooney and Jim Lee, to procure joint venture equity through CBD LLC, led by principals Chuck Berman and Tracey Appelbaum.

 Originally designed by renowned architect Stanford White in 1903, the Neoclassical-style property, located directly on Dupont Circle, will be converted into an urban suites concept, uniquely tailored by SB-Urban to serve a highly-mobile clientele seeking a full-service, highly-amenitized experience not available in the current marketplace. 

The project will include a full renovation of the mansion and the addition of an eight-story wing, all of which Hartman-Cox Architects designed with interiors by Darryl Carter Inc.  The general contractor will be Manhattan Construction Company.

Kathleen Rooney

The Patterson House will feature shared living spaces in which SB-Urban will provide a visiting chef program, daily continental breakfast, study lounge/meeting space, special events kitchen, private wine storage and a large living room with staffed bar in the space that formerly served as the mansion’s ballroom. 

Services also will include a state-of-the-art fitness center, housekeeping and laundry service, concierge service and cultural/entertainment programs. 

The Patterson House offers a flexible residential option for urban professionals coming to live downtown to conduct business with the area’s law firms, embassies, political and financial institutions, and global companies.

“This unique project will provide renters a new choice for a luxury, full-service living experience in Washington, D.C.,” said Sue Carras, HFF senior managing director. 

“The urban suites concept provides a thoughtful emphasis on the quality of product and service that will clearly differentiate the Patterson House in the market, beyond its exceptional amenities.”

 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

HFF closes sale of Franciscan Vineyards building in Napa Valley, CA

801 Main Street, St. Helena, Napa Valley, CA

 

Danny Reddin

 SAN FRANCISCO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 801 Main Street, an 18,090-square-foot, Class A, net-leased office property in Napa Valley that is 100 percent leased to Franciscan Vineyards.

HFF marketed the property on behalf of the seller, a private investor.  The buyer was an entity owned and managed by Gary Otto and Richard Rizika.

Located along Highway 29 in St. Helena, 801 Main Street is about 17 miles north of downtown Napa and 65 miles north of San Francisco. 

The property is 100-percent-net-leased to Franciscan Vineyards, a wholly owned subsidiary of Constellation Brands (NYSE: STZ)—the largest winemaker and one of the top overall alcohol producers in the world. 

Originally built in 1945, the property was completely renovated by the tenant in 2006.  801 Main Street serves as the headquarters for the Fine Wines Division of Constellation Brands.

The HFF investment sales team representing the seller was led by associate director Danny Reddin and managing director Nicholas Bicardo.

Nicholas Bicardo

“801 Main Street is a pride of ownership asset that generated a high level of interest from a broad range of private and institutional investors due to the quality of the asset and its high profile location within Napa Valley,” Reddin said.

Reddin continued, “The asset presented rare optionality, attracting investors requiring stable, management-free cash flow due to the 100-percent-net-leased investment, as well as value-add profile investors attracted to the flexible zoning of the asset and additional development potential.”

 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

HFF closes $72.275 million sale of landmark office building in Newport Beach, CA

1301 Dove Street, Newport Beach, CA

 

Ryan Gallagher

IRVINE, CA –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $72.275 million sale of 1301 Dove, a 202,178-square-foot, landmark Class A office asset in Newport Beach, California.

HFF marketed the asset on behalf of the seller, MetLife Real Estate Investors.

The property is located at 1301 Dove Street with easy access to the Corona Del Mar, Newport Beach/Costa Mesa and San Diego Freeways in Newport Beach.  This location places the asset within a mile and a half of the John Wayne Airport and close to executive housing in Newport Beach, Newport Coast, Corona Del Mar and Laguna Beach.

 Originally built in 1980, 1301 Dove was renovated in 2004 and again in 2014.  The 10-story property is 86 percent leased to tenants including Alliant Insurance, Birch Street Systems and iMortgage.

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, managing director Mike McCann, associate director Derreck Barker and director Tim Geiman.

 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.metlife.com/realestate

HFF secures $22.5 million financing for Class A suburban office buildings near Washington Dulles International Airport

  

Lakeside Sterling II and III, 21345 and 21355 Ridgetop Circle, Sterling, VA

WASHINGTON, D.C. -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $22.5 million in financing for Lakeside II and III, Class A office buildings totaling 203,662 square feet in Sterling, Virginia.

HFF worked on behalf of the borrower, a joint venture of The Pinkard Group, Buchanan Partners and AEW Capital Management, in arranging the four-year, floating-rate, non-recourse loan with NXT Capital. 

Dan McIntyre

The bridge loan is being used to finance the acquisition and lease-up of the properties, and to help facilitate the borrower’s business plan to leverage their very low basis in the properties to offer attractive rental rates to win tenants and stabilize the property.

Lakeside II and III are located at 21345 and 21355 Ridgetop Circle visible from Route 7 in Sterling, Virginia. 

The assets are situated within the Loudoun Tech Center, which is walking distance to two hotels and several restaurants and near Dulles Town Center and Washington Dulles International Airport.

  Completed between 1999 and 2001, the property is 24 percent leased.

The HFF debt placement team representing the borrower was led by Dan McIntyre.

“Lakeside II and III is truly best‐in‐class in the submarket, and offers tenants access to the surrounding amenity base and dramatic lake views from all floors,” said McIntyre.

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.aew.com.

www.buchananpartners.com

www.pinkardgroup.com