HFF closes sale of and arranges joint venture equity and acquisition financing for The Slade in downtown Tampa, FL

The Slade Condominiums, 1190 East Washington Street, Downtown Tampa, FL

Matt Mitchell

TAMPA, FL – Nov. 18, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged joint venture equity and acquisition financing for The Slade, a 214-unit, eight-story bulk condominium transaction in downtown Tampa, Florida.

HFF’s Tampa-based multi-housing team, led by Matt Mitchell, marketed the offering on behalf of Crescent Heights®.  HFF’s capital markets team, led by Chris Drew, arranged a joint venture between Cardinal Point Management and Long Wharf Real Estate Partners, which purchased the asset for an undisclosed amount. 

Additionally, HFF’s capital markets team worked on behalf of the new owners to place fixed-rate acquisition financing with CapitalSource, a division of Pacific Western Bank.

Completed in 2009, The Slade features two eight-story residential towers that encompass one-, two- and three-bedroom floor plans averaging 935 square feet each.  The offering included 214 of the 294 total condominium units and 11,613 of the 13,193 square feet of ground floor retail space. 

Property amenities include landscaped courtyards, infinity swimming pool with spa, two-story fitness center with yoga room, club room, cyber café, 24-hour concierge service and an attached, six-story parking garage.

Chris Drew

  Situated at 1190 East Washington Street in downtown Tampa’s Channelside neighborhood, the property offers immediate access to Tampa’s central business district, the Amelie Arena, Ybor City and the proposed site of the University of South Florida’s new medical school campus.

“The investment market is excited about the growth of downtown Tampa, especially in Channelside.  As the neighborhood continues to build out and add amenities, The Slade is well positioned to serve the growing demand for residences, whether as rentals or as for-sale product,” commented Mitchell.

“We have seen a significant increase in demand from institutional capital to invest in downtown Tampa and Channelside.  

"We anticipate this demand will only increase further as additional projects are delivered and the Channelside/Downtown market continues to evolve into one of Florida’s most active live-work-play environments,” added Drew.

 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.capitalsource.com.

www.crescentheights.com

www.lwrep.com

www.cardinalpointmanagement.com.

Refinancing totaling $15.5 million for 3 Lubbock, TX multi-housing communities secured by HFF

  

Stone Lake, Lubbock, TX

DALLAS, TX, Nov. 18, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured refinancing totaling $15.5 million for three Lubbock, Texas multi-housing communities: Stone Lake, Savannah Oaks and The Fountains.

Working on behalf of the borrower, HFF placed three separate 10-year loans totaling $15.5 million with Lincoln Financial Group.  Each loan has a fixed-rate with five years of interest only.

The communities total 480 units and feature swimming pools, grilling/picnic areas, 24-hour fitness centers, business centers and dog parks.  Individual property details are listed below:

De'On Collins

Property Name and Location       Size                             Occupancy

Stone Lake                                 162 Units                      97%

7414 Elgin Avenue, Lubbock

Savannah Oaks                           150 Units                      97%

5204 50th Street, Lubbock

The Fountains                              168 Units                      97%

5001 Chicago Avenue, Lubbock

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

www.LincolnFinancial.com.

Find Lincoln Financial Group on Facebook, Twitter, LinkedIn and YouTube.

HFF arranges $28 million refinancing for 2-building industrial portfolio in suburban Philadelphia

 

Ryan Ade

PHILADELPHIA, PA, Nov. 18, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $28 million refinancing for a portfolio of two fully-leased industrial shallow bay warehouse and office buildings totaling 246,790 square feet in the Philadelphia suburb of Horsham, Pennsylvania

HFF worked on behalf of the borrower, an affiliate of Endurance Real Estate Group, LLC, to secure the 10-year, fixed-rate loan through Silverpeak Real Estate Finance.  Loan proceeds will refinance existing debt.

The 100-percent-leased portfolio consists of 200 Precision Drive and 425 Privet Road in the Pennsylvania Turnpike Corridor in Horsham, a community 19 miles north of Philadelphia’s CBD.

 The properties are adjacent to one another and are approximately three miles from Interstate 276 (Pennsylvania Turnpike) via exit 343, which provides access to Interstates 76, 476 and 95. 

The 126,500-square-foot 200 Precision Drive contains 63,000 square feet of warehouse space in addition to 49,400 square feet of office space and a 14,200-square-foot laboratory.

Campbell Roche

 The building is housed on 11.13 acres and is leased to Finisar Corporation, C&D Technologies and DrugScan.  Fully-leased to Teva Pharmaceuticals, 425 Privet Road underwent an expansion in 2008 to expand the asset to its current-day 120,290 square feet.  Situated on 13.1 acres, the property contains 615 parking spaces.

The HFF team representing the borrower was led by managing director Ryan Ade and associate director Campbell Roche.

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.silverpeakfinance.com

www.endurance-re.com

HFF secures financing for 3 properties within the iconic Old Parkland campus in Dallas, TX

Reagan Place, Old Parkland campus, Dallas, TX

Woodlawn Hall, Old Parkland campus, Dallas, TX

 DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Woodlawn Hall, Reagan Place and West Lawn, three Class A office properties totaling 213,843 square feet within the iconic Old Parkland campus in Dallas.

Working on behalf of the borrower, Old Parkland Unit C, L.L.C., Old Parkland Unit D, L.L.C. and Old Parkland Unit G, L.L.C., affiliates of Crow Holdings, HFF placed the fixed-rate loan with Aegon USA Realty Advisors, LCC, a commercial real estate investment and management arm of Aegon Asset Management.

 HFF’s debt placement team representing Crow Holdings was led by executive managing director Jody Thornton, senior managing director John Rose and associate director Chad Russell.

Jody Thornton

 Loan proceeds were used to pay off the existing debt on Woodlawn Hall and Reagan Place, which HFF arranged in 2012, and secure financing for the previously unencumbered West Lawn.  HFF will also service the loan.

Woodlawn Hall, Reagan Place and West Lawn are situated within the 10-acre historic Old Parkland campus that was originally constructed in 1894 as a teaching hospital.  

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 $27.4 million sale of gym-anchored shopping center in Kansas City, MO

The Shops at Boardwalk, 8628 North Boardwalk Avenue, Kansas City, MO

Amy Sands

CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $27.4 million sale of The Shops at Boardwalk, a 122,397-square-foot, 100-percent-leased shopping center in Kansas City, Missouri.   

HFF worked on behalf of the seller, Retail Properties of America, Inc.  GDA Real Estate Services, LLC purchased the asset on behalf of ACF Property Management, Inc. free and clear of debt. 

The property is fully leased to a roster of national and regional tenants including Gold’s Gym, Jos. A. Bank, Kirkland’s, Chipotle, Houlihan’s, Rue 21, Maurices and a separately-owned Lowe’s and Walmart.

 Situated on 14.55 acres at 8628 North Boardwalk Avenue, The Shops at Boardwalk is in the epicenter of the Northland Kansas City retail submarket at the intersection of Missouri Highway 152 and Interstate 29, where approximately 96,000 vehicles pass per day. 

The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell and senior managing director Barry Brown.

According to HFF, the synergistic mix of fitness, apparel, specialty and restaurant uses complement neighboring big box retailers that attract significant daily traffic to the site.

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.rpai.com.

Emerson International Negotiates Two Long Term Leases Totaling Over 35,000 square feet at CenterPointe I in Altamonte Springs, FL

Kenneth Koch

ORLANDO, FL -- Emerson International recently negotiated two long-term lease agreements totaling 35,000 square feet at Centerpointe I, located at 240 E Central Parkway in Altamonte Springs near Cranes Roost Park and Uptown Altamonte.

NARS (North American Risk Services) is an existing tenant of the building who leased the entire 4th floor of Centerpointe I and expanded for a total of 24,750 rentable square feet.

  Kenneth Koch, Director of Leasing represented the Landlord and Chris Sproles of CBRE represented the Tenant.

Humana Medical Plan, Inc. a wholly owned subsidiary of Humana, Inc., the national healthcare insurer and Fortune 100 company, is a new tenant who leased an 11,562 rentable square foot portion of the 1st floor at CenterPointe I.  

Zac Starkey, Emerson Leasing Associate represented the Landlord and Mark Stratmann of Cushman & Wakefield represented the Tenant.

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

 or larry@larryvershel.com

John Crossman Continues Family Legacy of Giving With Bethune-Cookman University Endowed Scholarship

John Crossman

ORLANDO, FL – John Crossman, president of Crossman & Company and son of the late Rev. Kenneth C. Crossman, is continuing his family’s legacy of giving and educational philanthropy with a new endowed scholarship for students at Bethune-Cookman University.  

The renewable scholarship will be an annual award for qualified students entering the B-CU real estate program or business with real estate concentration.  Crossman’s overall goal is to maintain a $100,000 balance for the Crossman & Company Endowed Real Estate Scholarship. 

Crossman has already started his search for donors and contributors, and is actively seeking community partners to help him reach his goal and start their own B-CU endowment scholarship. 

“There is a genuine need for African-American students who seek a career in commercial and residential real estate and we want to help achieve that,” Crossman said.

“I was thrilled to hear that John Crossman has developed the first ever scholarship for real estate studies,” said Congresswoman Corrine Brown.  “With this donation, B-CU will be able to provide yet another path to success for its students interested in business career, specifically, in the areas of housing and real estate.”

Corrine Brown

“John Crossman is an outstanding Florida leader. His passion for real estate, and for supporting the study of real estate in our universities, is remarkable.  The students of Bethune-Cookman are blessed to have an advocate and patron like John Crossman,” says Senator George LeMieux.

Crossman is no stranger to the B-CU campus or giving back in the name of education; and he is eager to continue his journey.  He and his family launched an endowment fund in 2004 in memory of Reverend Kenneth C. Crossman and donors have contributed more than $132,000 over the years.  

The Rev. Kenneth C. Crossman Endowment Fund gives renewable, annual contracts and has helped many students.

If you desire to support the Crossman & Company Endowed Real Estate Scholarship, please visit https://collegeadvancement.cookman.edu/sslpage.aspx?pid=178.

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

 or larry@larryvershel.com