Versona Accessories to Open First Wisconsin Store at HSA Commercial’s Mayfair Collection in Wauwatosa

Tim Blum

CHICAGO, IL — Chicago-based HSA Commercial Real Estate announced that Versona Accessories has signed a lease at The Mayfair Collection, the developer’s new regional shopping center in Wauwatosa, for the retailer’s first store in the state of Wisconsin.

Versona, which is owned by Charlotte, N.C.-based The Cato Corporation (NYSE: CATO), is an upscale women’s boutique offering apparel and accessories, including jewelry, handbags and shoes. 

The new store will be located next to DSW Designer Shoe Warehouse and is scheduled to open in spring 2016.

“Though some of our anchor stores also sell fashion accessories, we felt that a specialty retailer that focuses almost exclusively on accessories would really complete the shopping experience for our customers,” said Tim Blum, executive vice president of retail development for HSA Commercial Real Estate.

 “We looked all the way across the country to find the right accessories store to complement the existing lineup of upscale fashion brands at The Mayfair Collection, and we hope that we have found it with Versona.”

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

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

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

Gencom Acquires 114-Room Ames Boston Hotel

Ames Boston Hotel, Downtown Boston, MA

Alessandro Colantonio

 BOSTON, MA  -- Representatives of Gencom, one of North America’s leading luxury hospitality and residential / mixed-use real estate investment and development firms, announced that, through its new partnership with Gemstone Hotels and Resorts, it has acquired the 114-room Ames Boston Hotel in the heart of downtown Boston.

 The property will be operated by Gemstone Hotels & Resorts, a full-service hotel management company that specializes in operating luxury and upscale urban hotels and resorts. 

Gencom and Gemstone will immediately undertake and jointly oversee a multi-million dollar renovation to re-position and reinvigorate the hotel.  Robert Douglas was the exclusive advisor to the seller, a private investment group, in the sale.

            "The Ames Boston Hotel is an irreplaceable asset with a prime location in the heart of Boston," said Alessandro Colantonio, senior vice president of acquisitions at Gencom.

Thomas Prins

 “We continue to have a healthy appetite for quality assets, located in major urban areas with high barriers to entry and with high return on investment potential. 

“Following the completion of the renovation and the implementation of Gemstone’s proprietary marketing and operations programs, the hotel will be well positioned to become the leading destination for upscale, discerning travelers to this market.”

The renovation will transform the hotel from top to bottom to bring business and leisure travelers some of the finest accommodations Boston has to offer.  Guest rooms will receive significant enhancements, including new case goods, soft goods and some unique technology.

  The ground floor will see significant changes which will highlight the property’s rich history and unique location in the heart of Boston.  Additionally, the hotel’s existing meeting space will be expanded and substantially modernized.  

Considered to be Boston’s first skyscraper, the Ames Boston Hotel is listed on the National Register of Historic Places and is the second tallest masonry load bearing wall structure in the world. 

Originally constructed in 1893, the hotel enjoys a prime location within the Government Center, within walking distance to the financial district and next to the renowned Faneuil Hall Marketplace. 

Jeff McIntyre

“We have a long history of operating hotels in Boston and throughout New England,” said Thomas Prins, Gemstone's principal.  “This property, along with the Copley Square Hotel we currently manage, will give us significant economies of scale and ability to capitalize on all the Boston hospitality marketplace offers.”

            “The Boston hotel economy is quite vibrant and continues to expand,” said Jeff McIntyre, Gemstone’s principal.  

“We will bring to bear some unique approaches to create one of a kind guest experiences—taking advantage of everything this hotel and its special location have to offer.  

"The Ames is truly a one-of-a-kind hotel, and we intend to clearly distinguish it in a marketplace known for its iconic hotels and hospitality.” 

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

Chris Daly, media

 (703) 435-6293

 chris@dalygray.com

www.gemstoneresorts.com.

Regency Centers Announces Appointment of Three New Managing Directors

Alan Roth

JACKSONVILLE, FL --(BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”) (NYSE: REG) announced the following promotions, which will be effective January 1, 2016:

Alan Roth, currently SVP & Senior Market Officer will become Managing Director – East;

Craig Ramey, currently SVP & Senior Market Officer will become Managing Director – Pacific Northwest and Northern California; and

Nick Wibbenmeyer, currently SVP & Senior Market Officer will become Managing Director – with responsibility for Chicago, Minneapolis and Colorado.

These appointments represent the next level of Regency leadership ascending to senior roles within the Company. Alan, Craig and Nick will join John Delatour, who will remain in his current position as Managing Director, but will now have responsibility for Texas, Southern California, Cincinnati and Columbus.

Craig Ramey

“Alan, Craig and Nick’s extensive knowledge and experience in leasing, development, property operations and asset management make them the natural choices to support the Company in these expanded roles,” said Mr. Martin E. Stein Jr., Chief Executive Officer of the Company.

“These promotions are indicative of the deep bench of talent at Regency, and I look forward to working closely with all four of our managing directors to continue to build upon our solid foundation for future success.”

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

Michael Mas, 904-598-7470

MichaelMas@RegencyCenters.com

Marcus & Millichap Brokers $3 Million Sale of 88-Unit Bay Park Villas Apartments in Fort Myers, FL

Michael P. Regan

FORT MYERS, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, oday announced the sale of Bay Park Villas, a 88-unit apartment community located in Fort Myers, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $3,010,000.

Cameron Barbas, associate, Joshua Teplitzky, associate, Michael P. Regan, first vice president investments, and Francesco P. Carriera, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The buyer, a private investor, was secured and also represented by the four brokers.

Bay Park Villas is an 88-unit multifamily community located at 2315 Central Avenue in Fort Myers, Florida. The property sits on approximately 2.81 acres situated a few blocks east of U.S. Highway 41, the major north/south thoroughfare in Lee County.

The buildings are comprised of studio, one-bedroom/one-bathroom, two-bedroom/one-bathroom and two-bedroom/one-and-a-half bathroom units. The units feature upgraded interiors with granite countertops, new appliances and ceramic tile flooring. Recent exterior capital improvements include new paint on the exterior of the buildings, new private fenced-in patios for the downstairs units, parking lot improvements and new landscaping.

Francesco P. Carriera

“Although Fort Myers is considered a tertiary market, many investors are seeking an entry point into the southwest Florida market,” says Teplitzky. “We generated five offers in a short thirty day marketing period and ultimately procured the buyer out of New York.”

“This transaction was sold by the bank in the middle of 2015, and the Carriera Regan team was able to sell the asset again within six months,” added Barbas. 

“Despite the recent sale, we were able to articulate the future value of the real estate to the buyer pool and demonstrate the additional upside within the deal.”

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

34th Street Crossing Shopping Center in St. Petersburg, FL Sold for $4.39 Million; Marcus & Millichap Handled Deal

Moe Derbala

ST. PETERSBURG, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of  34th Street Crossing, a 51,619-square foot shopping center located in St. Petersburg, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $4,390,000.

Moe Derbala, senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

34th Street Crossing is located at 2900 34th Street South in St.  Petersburg, Florida, and resides on 4.32 acres. The shopping center has excellent frontage along 34th Street South, which is also known as U.S. Highway 19, a major north/south thoroughfare through Pinellas County.

The property was 97 percent occupied at the time of the sale with 51 percent of the center consisting of national tenants, such as ALDI, DaVita and Bank of America, in addition to a great mix of local tenants. The center is well-maintained and has had multiple capital improvement projects completed within the past few years.

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Eight-Unit Greenwood Duplex Portfolio in Fort Myers, FL Sold for $286,250 in Deal Brokered by Marcus & Millichap

Adam Podbelski

FORT MYERS, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Greenwood Duplex Portfolio, an eight unit duplex portfolio located in Fort Myers, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $286,250.

Adam Podbelski, associate, Michael Donaldson, vice president investments, and Nicholas Meoli, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a limited liability company, was secured and represented by the three brokers.. 

Greenwood Duplex Portfolio is an eight unit duplex portfolio comprised of four, one-story concrete block structures that are contained on two parcels and a single lot with an approximate size of 0.16 acres.

The first parcel, located at 4423 Greenwood Avenue in Fort Myers, contains three duplexes that were built in 1979 and received new roofs in 2009; while the second parcel, located at 4435 Greenwood Avenue, contains one duplex that was built in 1991 and also received a new roof in 2009.

 Collectively, the portfolio is comprised of seven, two-bedroom/one-bedroom units with approximately 650 rentable square feet and one three-bedroom/one-bathroom unit with approximately 850 rentable square feet.

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Brokers $6 Million Sale of Panama City Crossings in Panama City, FL

Mike Paspalakis

PANAMA CITY, FL – 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 Panama City Crossings, a 29,612-square foot retail property located in Panama City, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $6,000,000.

Mike Paspalakis, associate, Nicholas Meoli, vice president investments, and Michael Donaldson, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a partnership.  

The buyer, a REIT, was secured and represented by Nicholas Ledvora, CCIM and senior associate in the firm’s Tampa office. 

Panama City Crossings is a 29,612-square foot infill retail destination located at 845 East 23rd Street in Panama City, Florida. The property is anchored by a freestanding Chili’s restaurant and PetSmart with an additional 3,855 square feet of retail space encompassing three retail bays.

Located in one of the fastest growing states in the country, Panama City has experienced an exponential population growth of 54 percent since 2000 due in part to the Tyndall Air Force Base, which is within 17 miles from the property and employs over 5,000 personnel.

Nicholas Meoli

 Panama City Crossings sits on over three acres with frontage on East 23rd Street, and is directly across from the Panama City Mall with over 600,000 square feet of retail space.

“Our firm’s national marketing platform helped generate numerous offers on this property from investors across the country who were looking for a stabilized asset in an up-and-coming market,” says Paspalakis. “This property fit the investment profile of the REIT that was targeting shopping centers with strong anchor tenants.”

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges $410,000 Sale of 14-Unit Hubert Apartments in Tampa, FL

Cameron Barbas

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Hubert Apartments, a 14-unit multifamily community located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $410,000.

Cameron Barbas, associate, Joshua Teplitzky, associate, Michael P. Regan, first vice president investments, and Francesco P. Carriera, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by the four Marcus & Millichap brokers.

“We generated three offers in the first three weeks of marketing these 1940’s wood frame buildings,” says Barbas. “The asset drew interest from many developers, but ultimately sold to a multifamily investor.”

Hubert Apartments is a 14-unit multifamily community located at 4611 North Hubert Avenue in Tampa, Florida. Centrally located in Tampa, Hubert Apartments is only 0.7 miles from U.S. Highway 92, also known as Dale Mabry Highway, a major north/south thoroughfare through Tampa.

Joshua Teplitzky

The property consists of four, one-story buildings and one single family residence. The residential buildings are comprised of three efficiencies with approximately 475 rentable square feet, ten two-bedroom/one-bathroom units with approximately 575 rentable square feet and a four-bedroom/two-bathroom single family residence with 1,280 rentable square feet.

“The property is located within the Drew Park submarket, an industrial area within the Westshore Business District. It is a location where buyers can find a higher yield than most submarkets in the Tampa Bay MSA due to the abundance of blue collar industrial jobs surrounding the multifamily properties in the immediate area,” adds Teplitzky.

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

                                                        

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

HFF arranges $20 million financing for Miami, FL grocery-anchored retail center

  

Vista Shopping Center, Miami Lakes Neighborhood, Miami, FL

 

Chris Drew

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $20 million senior loan for the refinancing of Vista Shopping Center, an 88,699-square-foot retail center with a grocery and pharmacy anchor in the Miami Lakes neighborhood of Miami, Florida.

HFF worked on behalf of the borrower, an affiliate of Saglo Development Corporation, to place the 10-year, fixed-rate loan with TD Bank, N.A. – America's Most Convenient Bank.  Loan proceeds were used to retire the existing mortgage and make capital improvements to the property.

Vista Shopping Center is home to anchors Sedano’s Supermarket and Navarro Pharmacy as well as national and regional in-line tenants, including Catherine’s Fashions, Chipotle Mexican Grill, Clippers, Wing Stop, LA Nails, Bridgestone and Miral Jewelry. 

Additional outparcel pad tenants of the 97-percent-leased center include Jiffy Lube, Checkers and La Brasa Miami Gardens.  

Situated on 9.21 acres at 6400 NW 186th Street in northern Miami, the center is at the “Main and Main” intersection of Miami Gardens Drive (NW 186th Street) and Ludlam Road (NW 7th Avenue), which have combined traffic counts of 71,000 vehicles per day.

Jose Carrazana

 The property is proximate to State Road 826, Interstate 75 and the Homestead Extension of the Florida Turnpike, all major transportation arteries in South Florida.  Vista Shopping Center is in the Miami Lakes neighborhood, an urban area centrally located between Miami and Fort Lauderdale near the Miami-Dade and Broward County border.

The HFF debt placement team representing the seller was led by director Chris Drew and associate director Jose Carrazana

”The capital markets continue to favor strong performing grocery-anchored shopping centers located in densely-populated urban areas,” Drew said.  “Additionally, we have witnessed an increased appetite from both debt and equity providers for specialty grocers with a strong and loyal following such as Sedano’s.”

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.saglo.com.

Crossman & Company Negotiates Long Term Land Lease Agreement with Chick-fil-A® at The Loop Shopping Center in Kissimmee, FL

Katherine Rush

ORLANDO, FL  –Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated a long-term land lease with Chick-fil-A® for the 21,537 square foot outparcel at The Loop located at 3286 N. John Young Parkway at the corner of Osceola Parkway in Kissimmee.

The new Chick-fil-A® at The Loop is providing 100 new jobs and is the chain’s fourth stand-alone restaurant in Kissimmee.  The 4,877 square foot restaurant will seat more than 140 patrons with additional outdoor seating. 

Crossman & Company handles the leasing and management at The Loop, and Senior Associate Katherine Rush, negotiated the lease agreement representing the landlord.    Jorge Rodriguez with Colliers International represented the tenant in the transaction.

The 434,909 square foot power center is currently 98 percent leased, Rush said.  

Other major tenants at The Loop include Bed Bath & Beyond,  Kohl’s, Michael’s, Old Navy, Petco, Pier 1,  Regal Theaters, Ross Dress for Less and Sports Authority. 

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

Beth Payan, Larry Vershel Communications, 407-644 4142 or 407-461 3781 lvershelco@aol.com