$115 million sale of Water Ridge Office Park in Charlotte, NC closed by HFF

  

Water Ridge Office Park, West Tyvola Road and North Falls Drive, Charlotte, NC

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Water Ridge Office Park, an 11-building, 844,958-square-foot, Class A office park in suburban Charlotte, North Carolina. 

HFF represented the seller, a partnership managed by Mainstreet Capital, in the transaction.  New York Life Real Estate Investors coordinated the acquisition on behalf of New York Life Insurance Company who purchased the portfolio.

Ryan Clutter

Water Ridge Office Park is located at the intersection of West Tyvola Road and North Falls Drive just two and a half miles from the Charlotte Douglass International Airport. 

Situated in the Interstate 77/Southwest submarket, the property is proximate to Uptown and SouthPark, and is directly across from the 170-acre City Park master planned community being developed by Pope & Land on the old Charlotte Coliseum site. 

Water Ridge Office Park is 82 percent leased to tenants including The Vanguard Group, SunTrust Bank, Carolinas HealthCare System, Publix, Midrex and The Art Institute of Charlotte.

 Built between 1989 and 2001, the park has undergone an extensive renovation in the past year with updates to many of the lobbies, restrooms and elevators throughout the park.  Additional amenities have also been added, including outdoor picnic areas and walking trails, a fitness center with locker rooms and canteen, and interactive touchscreen directories at some of the buildings.

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter.

“Water Ridge Office Park is a thriving corporate hub located in close proximity to Charlotte Douglass International Airport, one of the busiest airports in the U.S.,” said Clutter. 

“Given Water Ridge’s proximity to the airport, downtown Charlotte and numerous residential areas, the park has experienced tremendous leasing demand and rents have climbed considerably during the last few years.  This well-positioned office park received strong interest from institutional capital who continue to have a strong appetite for Charlotte opportunities.”

“The sale of Water Ridge Office Park marks the largest, truly suburban office sale in Charlotte’s history and is a testament to the city’s thriving economy and compelling demand drivers.  Charlotte is now firmly recognized and respected as a noteworthy market for institutional capital,” added Clutter.

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

http://www.newyorklife.com/realestateinvestors

HFF closes $69.5 million sale of Class A student housing community serving San Diego State University

  

Fifty Twenty-Five Apartments, 5025 Collwood Boulevard, San Diego, CA

 

Hunter Combs

SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $69.5 million sale of Fifty Twenty-Five, a 260-unit/942-bed, Class A luxury student housing community serving San Diego State University.

HFF marketed the asset exclusively on behalf of an undisclosed seller.  FPA MultiFamily, LLC purchased the asset for $69.5 million free and clear of existing debt.

Completed in 2010, Fifty Twenty-Five is a LEED Gold-certified property offering a mix of studio, two- and four-bedroom floor plans averaging 951 square feet each with amenities including flat-screen televisions, high-speed internet, modern furnishings, full-size washers and dryers, walk-in closets and fully-equipped kitchens.

 The community also features a resort-style swimming pool, 24-hour fitness center, study rooms, 24-hour computer center, coffee bar, tanning bed, shuttle service and 598-space parking garage.  The property is situated less than one mile from campus at 5025 Collwood Boulevard.

The HFF team was led by directors Hunter Combs and Zack Holderman.

“This closing represents yet another successful transaction for HFF’s national student housing team, which is led by managing director Brian Kelly and associate director Mike Higgins from HFF’s Chicago office.  In addition to California, HFF has closed deals in locations such as Kansas, Illinois, Ohio, Michigan, Louisiana and Florida during the past year,” said Combs.

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.fpamf.com.

HFF arranges acquisition financing for 384-unit multi-housing community in Austin, TX

Chez Moi Apartments, 12100 Metric Boulevard, North Austin, TX

Eric Tupler

AUSTIN, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Chez Moi, a 384-unit, garden-style multi-housing community in Austin, Texas. 

Working exclusively on behalf of Griffis Residential, HFF placed the seven-year, 3.94 percent, fixed-rate acquisition loan with a correspondent life insurance company.

Chez Moi is situated on 20.97 acres at 12100 Metric Boulevard in North Austin with convenient access to MoPac Expressway, Interstate 35 and West Parmer Lane.  

The property is near major employers in Austin’s tech corridor and is approximately 2.5 miles from The Domain, a master planned, mixed-use lifestyle center.

 The 94-percent-leased property has a variety of one-, two- and three-bedroom floor plans averaging 893 square feet.  Community amenities include a swimming pool with sundeck, hot tub, outdoor fire pit, sand volleyball court, clubhouse, business center, dog park, car wash, nature trail and garage parking.

The HFF debt placement team representing the borrower was led by Eric Tupler, Josh Simon and Casey Wenzel.

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.GriffisResidential.com.

HFF named to market for sale 885 10th Avenue in Manhattan Midtown West, NYC

  

885 10th Avenue, Midtown West Neighborhood, Manhattan, NYC

Eric Anton

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale 885 10th Avenue, a newly-renovated, six-story, 37,000-square-foot, elevator mixed-use residential and retail building located on the southwest corner of 58th Street and 10th Avenue in Manhattan’s Midtown West neighborhood.

885 10th Avenue is situated to the west of the Midtown office market, south of Lincoln Square and the Upper West Side residential neighborhoods, east of the West Side Waterfront and north of the Hudson Yards mixed-use project. 

The property has 36 newly-upgraded, 97-percent-leased one- and two-bedroom units, which feature chef-style kitchens with Caesarstone countertops and stainless steel appliances; stone-tiled bathrooms with custom Carrera marble vanities; and wide-plank oak flooring. 

Other amenities include a new roof deck, laundry facilities, bike/general storage and a smartphone-based intercom system.  Additionally, the property has two ground-floor retail spaces that are 100 percent leased and approximately 19,700 square feet of buildable air rights.

The HFF investment sales team representing the seller is led by senior managing director Eric Anton, managing director Jeff Julien and associate director Steven Rutman.

Jeff Julien

“885 10th Avenue is located on a prize corner, offering an owner upside from both retail and residential rents that are currently significantly below market, as well as future profits from the intact air rights. 

"Furthering its appeal, the building has been completely renovated to luxury condominium standards and offers residents the ability to walk to work anywhere on Manhattan’s booming west side,” said Anton.

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 Baltimore-area retail center

Bel Air North Village retail center, Forest Hill, MD

Chris Munley

WASHINGTON, DC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bel Air North Village, a 56,644-square-foot, CVS- and community bank-anchored retail center in the Baltimore suburb of Forest Hill, Maryland.

HFF marketed the property on behalf of the seller, Elysian Partners.  The property was purchased free and clear of existing debt by a private retail real estate fund advised by Crow Holdings Capital – Real Estate.

Bel Air North Village consists of three multi-tenant retail buildings; a CVS and Susquehanna Bank positioned on individual outparcel pads; and a 1.31-acre development parcel.

 Completed in 2007, the center also is home to Chopstix, David’s Natural Market, Fox & Fern, Great Clips, Crabtree Learning Center and MedStar Health.  

Bel Air North Village is situated on 13.7 acres at 1517-1525 Rock Spring Road (Route 24) where it converges with Route 1 in Forrest Hill, which, along with neighboring Bel Air, are affluent communities approximately 30 miles from downtown Baltimore.

The HFF team representing the seller was led by managing directors Chris Munley and John Owendoff and director Jordan Lex.

”Bel Air North Village represented a well-located shopping center with credit tenancy in an affluent suburb of Baltimore, which drove investor demand for our client,” Owendoff said.

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.crowholdingscapital-re.com.

HFF arranges $8.2 million financing for Holiday Inn Express hotel conversion near Orlando, FL

Inn at Calypso Cay, 5001 Calypso Cay Way, South Lake Buena Vista, FL

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $8.2 million in acquisition financing for the Inn at Calypso Cay, a 159-room, select-service hotel located in the South Lake Buena Vista submarket in Orlando, Florida.

HFF worked on behalf of the borrower, Palm Holdings, to place the four-year, floating-rate loan with two one-year options with a national bank.  Palm Holdings plans to use a portion of the proceeds to convert the hotel to a Holiday Inn Express & Suites, one of the largest hotel brands in the industry.

Michael Weinberg

The seven-story hotel features an outdoor pool, fitness center, business center, arcade and sundries shop.  Guests of the hotel also have access to three additional pools with waterslides, volleyball and basketball courts and a nine-hole mini-golf course. 

Located at 5001 Calypso Cay Way in South Lake Buena Vista, the Inn at Calypso Cay is near the intersection of Kissimmee Vineland Road and Osceola Parkway, two main thoroughfares servicing Orlando’s tourist corridor.  The hotel is 3.8 miles from Walt Disney World®, 4.5 miles from Orlando Premium Outlets and 7.1 miles from SeaWorld Orlando.

The HFF debt placement team representing the borrower was led by director Michael Weinberg.

”Palm Holdings has a proven track record of successful hotel renovations and brand conversions in the U.S., Canada and the U.K.  This is their second acquisition in Florida over the past couple years, and I know they are targeting more here in the sunshine state,” Weinberg said.

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.palm-holdings.com.

HFF secures $29 million refinancing for Hilton Garden Inn Carlsbad Beach near San Diego, CA

Hilton Garden Inn Carlsbad Beach, Carlsbad, CA

Tim Wright

SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $29 million refinancing for the Hilton Garden Inn Carlsbad Beach, a 161-room, Hilton-branded, oceanfront hotel in the coastal Southern California community of Carlsbad.

HFF worked on behalf of the borrower, Wave Crest Resorts III, LLC, to secure the seven-year, fixed-rate loan through a major life insurance company.  Proceeds are being used to refinance the hotel.

Hilton Garden Inn Carlsbad Beach is an award-winning hotel that was once named Hilton Garden Inn Hotel of the Year and, in 2014, received the TripAdvisor Certificate of Excellence Award.

 Built in 2000, the three-story hotel features a swimming pool, whirlpool, fitness facility, business center, 12,536 square feet of indoor and outdoor meeting and event space, bicycle rentals, a 24-hour convenience pantry and the Carlsbad Beach Bistro restaurant. 

Situated on 4.78 acres at 6450 Carlsbad Boulevard, the property is on the Carlsbad Coast approximately 35 miles north of downtown San Diego.  The property is proximate to area attractions including LEGOLAND, Carlsbad Flower Fields and SEA LIFE Aquarium, and numerous corporate headquarters, including Calloway Golf, TaylorMade and Life Technologies.

The HFF debt placement team representing the borrower was led by senior managing director Tim Wright and managing director Scott Hall.

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.wavecrestresorts.com

HFF closes $30.5 million sale of 115,500-square-foot retail center in Linden, NJ

Jose Cruz

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $30.5 million sale of Linden Commons, a 115,500-square-foot, fully-leased, retail center in the northern New Jersey community of Linden, New Jersey.

HFF marketed the property on behalf of the seller, Lamar Companies.  Prestige Properties & Development purchased the asset.

Linden Commons was originally built in 1955 and renovated and reconfigured in 2014 from a single-tenant (K-mart) retail center to the one-building multi-tenant center it is today.

 The property is 100 percent leased to eight tenants, including notable retailers such as Burlington Coat Factory, Blink Fitness, T.J. Maxx, Buffalo Wild Wings and Sprint.  Situated on 10.74 acres at 1701 West Edgar Road (Route 1 and 9), Linden Commons is located in the southern part of Linden, a community about 12 miles southwest from Manhattan. 

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

Kevin O'Hearn

“We are extremely pleased to have helped Lamar Companies with this successful sale that concluded their business plan of repositioning a vacant K-mart box into a thriving multi-tenant shopping center,” stated O’Hearn.

“The property is a fully-leased, Class A, infill retail deal with credit tenants so the activity was very strong,” added Cruz.  “Prestige completed due diligence efficiently and closed as expected.”

"This acquisition far outperformed our expectations, as we were able to stabilize a vacant center within 18 months by capitalizing on the strong tenant demand for Class A centers in dense infill locations in the Northern New Jersey market,” stated Ralph Pugliano of Lamar Companies.

“We appreciate the valued efforts made by HFF on this sale as it provides us an excellent opportunity to redeploy the capital into our value add business as we are actively seeking and working on additional redevelopment opportunities."

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.lamarco.com.

HFF closes on the sale of 121 West Trade Street in downtown Charlotte, NC

                                    121 West Trade Street Office Building, Charlotte, NC

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 121 West Trade Street, a 32-story, 330,483-square-foot, Class A office building in Charlotte, North Carolina. 

HFF marketed the property on behalf of the seller, a partnership controlled by The Dilweg Companies.  LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, in conjunction with their local affiliate Lincoln Harris, purchased the asset on behalf of a pension fund client.

121 West Trade Street is situated in the heart of Charlotte’s downtown, within walking distance of nearly all of the city’s amenities and attractions including The EpiCentre, Spirit Square Center for the Arts, Discovery Space Center, Time Warner Cable Arena, the Levine Center for the Arts, and the new Gold Line streetcar system, connecting to the entire light rail system.

 The property has efficient connectivity to Interstates 277, 77 and 85, and is within 20 minutes of the Charlotte Douglas International Airport and 15 minutes from SouthPark, a popular Charlotte shopping destination.  121 West Trade Street’s largest tenant is Chicago Bridge & Iron. 

Ryan Clutter

Additional tenants include SAS Institute, Caudle & Spears and Brookwood Associates.  The property also features the Charlotte City Club on the top two levels and parking on levels two through nine. 

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter.

“The market aggressively pursued 121 West Trade Street as buyers realized the building’s potential to harness very strong rents in the future,” said Clutter.

 “121 West Trade Street’s irreplaceable location at Trade and Tryon Street, in the center of downtown Charlotte, position the building very favorably with new and existing tenants, as this asset is poised to outperform for its new owner for many years to come.”

“We are currently experiencing the strongest demand in the market for value-add office buildings located in strong CBD’s like downtown Charlotte.  121 West Trade Street was no exception as considerable capital aggressively competed for this asset. 

“The sale of this exceptional building further demonstrates the strong investment sentiment for Charlotte and for best of class buildings in the market.  We believe investor demand for assets of this nature will continue to be robust in the year ahead,” added Clutter.

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.dilweg.com.

HFF arranges more than $50 million total project financing for retail development in the San Francisco Bay Area

Rendering of planned Pacific Pearl Shopping Center, Pleasanton, CA

Nicholas Bicardo

SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged equity and debt capital in excess of $50 million for Pacific Pearl Shopping Center, a to-be-built 112,000-square-foot, grocery-anchored retail center in the San Francisco Bay Area community of Pleasanton, California.

HFF worked on behalf of the developer, BHV Centerstreet Properties, LLC, to arrange the joint venture equity partnership with a fund advised by UBS Asset Management.  In addition, HFF secured the construction loan for the partnership through Wells Fargo Bank.  

This is the third successful equity and debt raise HFF has closed with BHV Centerstreet Properties in 2015, representing more than $210 million in total capital raised.

Pacific Pearl Shopping Center’s grocery anchor will be Marina Food, one of the Bay Area’s most established Asian foods supermarkets.  The center will feature an international food court and dim/sum banquet restaurant in addition to a mix of traditional and Asian-oriented tenants. 

The 11.5-acre site is situated at the intersection of Stonebridge Drive and El Charro Road, immediately adjacent to Interstate 580 in Pleasanton, a community approximately 40 miles across the Bay and southeast of downtown San Francisco.  The site is across the street from San Francisco Premium Outlets and in the immediate vicinity of multiple retail and residential developments currently planned or underway. 

Brandon Roth

The HFF debt and equity placement team representing the developer was led by senior managing director Bruce Ganong, managing director Nicholas Bicardo and associate directors Brandon Roth and Danny Reddin.

“The development activity at this location on the Pleasanton/Livermore border is significant, and it will be exciting to see the Pacific Pearl project come on line, as it will provide much needed necessity-based retail services to the growing residential population in the surrounding area and will serve the large and rapidly-growing high income Asian population in the Tri-Valley,” Ganong said.

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.bhvcp.com

www.ubs.com/realestateAbout

HFF arranges $35.5 million refinancing for Sheraton Portsmouth Harborside Hotel in Portsmouth, NH

Sheraton Portsmouth Harborside Hotel, 250 Market Street, Downtown Portsmouth, NH

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $35.5 million refinancing for the Sheraton Portsmouth Harborside Hotel, a 180-room, full-service hotel in Portsmouth, New Hampshire.

HFF worked on behalf of the borrower, Lodgesys, to secure the 10-year, fixed-rate loan through Bank of America.  Loan proceeds were used to refinance existing debt on the property.  The securitized loan will also be serviced by HFF.

Anthony Cutone

The Sheraton Portsmouth Harborside Hotel is located at 250 Market Street in the heart of downtown Portsmouth.  

This location places the hotel within walking distance of numerous dining, shopping and entertainment options including Merchants Row, Restaurant Row, Strawberry Banke Museum and Prescott Park. 

The hotel also has convenient vehicular access to Route 1 and Interstate 95 and is less than 10 minutes from the Portsmouth International Airport at Pease. 

Amenities at the six-story  hotel include a two-level underground parking garage, 13,500 square feet of meeting space, a fitness center, indoor pool, sauna, Link@Sheraton internet café and Two-Fifty Market, the hotel’s restaurant and lounge.  A club level offers guests complimentary breakfast and evening hor d’oeuvres.

The HFF debt placement team representing the borrower was led by managing director Anthony Cutone.

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 $35.75 million sale of Boca Raton’s Bank of America Tower

  

Bank of America Tower, Boca Raton, FL

 

Hermen Rodriguez

MIAMI, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the Bank of America Tower, a boutique, Class A, 109,553-square-foot office building with ground floor retail and restaurant space in downtown Boca Raton, Florida.

HFF represented the seller, Clarion Partners, in the sale of the property to Dividend Capital Diversified Property Fund Inc.  The asset traded for $35.75 million free and clear of debt.  HFF also arranged the prior sale of the property in 2005 to Clarion Partners, which acquired the asset on behalf of a separately managed account. 

The Bank of America Tower is located at 150 East Palmetto Park Road at the intersection of Palmetto Park Road and Mizner Boulevard, within walking distance of Mizner Park and Royal Palm Place in downtown Boca Raton.

  Situated on 1.65-acres, the eight-story property is also close to new apartment and condominium developments such as Camden Boca Raton, Boca Lofts, the Mark at CityScape and redevelopment of Mizner on the Green. 

Ike Ojala

The Bank of America Tower is 87 percent leased to credit tenants including Bank of America, Zen Offices, Veretech Holdings and Charles Schwab & Company.  The retail component of the space is occupied by a full-service Bank of America bank branch with a drive-through teller.

  The restaurant space will soon be occupied by Besito Boca.  The property also features 330 parking spaces.

The HFF investment sales team representing the seller included senior managing director Hermen Rodriguez, director Ike Ojala and associate director Jorge Portela.

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.dividendcapitaldiversified.com

www.clarionpartners.com.

HFF arranges $24.6 million refinancing for two-property industrial portfolio in northern New Jersey

  

20 South Middlesex Avenue, Monroe Township, NJ

Thomas Didio

 FLORHAM PARK, NJ -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $24.6 million refinancing for a two-property industrial portfolio totaling 470,866 square feet in Franklin and Monroe, New Jersey.

HFF worked on behalf of the borrower, Matrix Development Group and a Morgan Stanley Real Estate Investing (MSREI) advised fund, to secure the $17.3 million loan for 1 Heller Park Lane and the $7.3 million loan for 20 South Middlesex Avenue through Cornerstone Real Estate Advisers LLC, acting on behalf of an institutional investor. 

The 324,337-square-foot 1 Heller Park Lane property consists of a 296,337-square-foot warehouse building and a 28,000-square-foot truck terminal building.  Renovated in 2014 through 2015, the property is 100 percent leased to Promotion in Motion, Inc., a candy and fruit snack manufacturer.

 The property is situated on 26.79 acres just off exits 10 and 12 of I-287 in Franklin, a township in northern New Jersey, 25 miles northeast of Trenton and 41 miles southwest of New York City.

20 Middlesex Avenue is a 146,529-square-foot warehouse building with 19,069 square feet of office space.  Completed in 1992, the building is 100 percent leased to three tenants.  It is 2.5 miles from exit 8A of the New Jersey Turnpike (Interstate 95) in Monroe, a northern New Jersey township, 21 miles northeast of Trenton and 47 miles southwest of New York City.

The HFF debt placement team representing the borrower was led by senior managing directors Thomas Didio and Jim Cadranell.

“We are pleased to work on behalf of the borrower to secure this exceptional financing for these ‘Class A’ assets,” Didio said.

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.matrixcompanies.com.

 www.cornerstoneadvisers.com.

john greene Realtor Hires Top-Ranking Agent Adam Stary

Adam Stary

CHICAGO, IL – Naperville, Illinois-based john greene Realtor, one of the largest private brokerages in Chicago’s western suburbs, announced Adam Stary has joined the firm as a broker. Over the past three years, Stary has closed 250 sales valued at more than $45 million.

“Adam’s high volume of transactions, and his experience in Naperville and the surrounding municipalities, furthers our firm’s strong position in those markets,” said Tim Greene, CEO of john greene Realtor. 

“His extensive real estate knowledge and marketing strategies fit perfectly with our firm’s vision for continued growth in Chicago’s western suburbs.”

“john greene Realtor provides the perfect team environment and resources to elevate our clients’ goals,” Stary said. “I look forward to building upon the firm’s decades-long reputation of being the premier brokerage in the western suburbs.”

Stary, 30, was formerly with RE/MAX Professionals Select in Naperville, and brings his team, The Stary Group, to john greene Realtor. He has earned several awards including the Five Star Professional, RE/Max Hall of Fame Award, RE/MAX Chairman's Club, RE/MAX Platinum Club, RE/MAX Top 100, and the 100% Club Award. 

Family owned since 1976, john green Realtor has grown to include more than 100 professionals focused on residential, commercial and land brokerage. The firm received a 2015

Top Workplaces honor by the Chicago Tribune, ranking 23rd among small companies, and among only four real estate firms in that category. john greene Realtor also recently ranked among the fastest-growing private firms in the 2015 Inc. 5000, and has been voted “Best Real Estate Company” by Naperville Magazine’s "Best of Naperville" each year from 2010 to 2015.

  

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

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

 www.johngreeneRealtor.com.