Tuesday, November 29, 2016

Avison Young negotiates $13.8-million sale of Wilcox Townhome Apartments in Hollywood, CA

Wilcox Townhome Apartments, 920 North Wilcox Avenue, Hollywood, CA

Peter Sherman
Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has brokered the $13.8-million sale of Wilcox Townhome Apartments, a 26-unit apartment property built in 1990. The property is located in Hollywood, one of the country’s most desirable submarkets for multi-family investment.

Avison Young Principal Peter Sherman, based in Los Angeles, represented the seller, Sierra Wilcox LLC. The buyer, Pepper Lane Properties, was represented by Sperry Van Ness.

“The multi-family market in Los Angeles continues to display strength,” comments Sherman. “Well-located 1980s-1990s vintage assets like Wilcox Townhome Apartments, which leverage strong demographics and millennial demand, are highly desirable.

“We received outstanding investor interest which resulted in the $530,000 per unit price. The seller of this property saw this as an ideal time to realize a significant return on investment, and the buyer acquired an irreplaceable property with terrific bones and a path to push rents higher.”

Located at 920 North Wilcox Avenue, the Wilcox Townhome Apartments complex comprises 25 two-bedroom units and one studio unit. The property features a fitness center, outdoor-living spaces, a business center, controlled access and 50 parking spaces.

The asset is located in Hollywood’s Media District, which has been experiencing an influx of art galleries, top restaurants and new office developments over the past several years.

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

Darcie Giacchetto

HFF closes sale of 4-property self-storage portfolio in Harker Heights TX

Barbara Guffey

HOUSTON, TX –  – Holliday Fenoglio Fowler, L.P. (HFF) announced  it has closed the sale of a four-property, Store Here-branded self storage portfolio totaling 2,162 units in Austin, Denton, Fort Worth and Harker Heights, Texas.

Richard Schontz
HFF marketed the property on behalf of the seller, a joint venture partnership between Woodbridge Capital Partners, LLC and RHW Capital Management Group, LLC.  Westport Properties, Inc. purchased the portfolio.

The portfolio comprises facilities at 201 West Stassney Lane in Austin; 1815 Shady Oaks Drive in Denton; 4772 Golden Triangle Boulevard in Fort Worth and 700 Indian Trail in Harker Heights (Killeen area).

  The portfolio features 420 climate-controlled units, which is 19.4 percent of the total units; three warehouse/commercial spaces and 77 RV/surface parking spaces.  All of the properties are in highly-visible and accessible locations along the Interstate 35 corridor, a major north-south arterial highway that stretches approximately 500 miles within Texas and connects four of the state’s major cities: Austin, Dallas, Fort Worth and San Antonio.

The HFF self storage team representing the development manager was led by director Barbara Guffey, managing director Richard Schontz and associate director Matthew Weckesser.

“The acquisition of the Store Here portfolio provided Westport Properties with the scale and geographic diversification among some of the highest-growth areas in the state,” Guffey said.  “The quality of the facilities are a complement to Westport’s ever-growing national platform.”

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

Kristen M. Murphy
Director, Marketing
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

HFF arranges $32.53 million acquisition financing for Dallas-area retail center

Jim Curtin
HOUSTON, TX –  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $32.53 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot, fully-leased retail power center in the Dallas-Fort Worth-area community of Denton, Texas.

HFF worked on behalf of Fidelis Realty Partners, to place the 10-year, fixed-rate loan with Sentinel Asset Management, a national life group company.  Additionally, HFF will service the loan, which is for 251,741 square feet of the center and excludes shadow anchors.

The HFF debt placement team was led by director Jim Curtin.

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

Kristen M. Murphy
Director, Marketing
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

HFF arranges $84 million financing for 5-building Orlando-area office park

Primera Towers I--4, Lake Mary, FL

Ed Coco
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $84 million in financing for Primera Towers I–V, a five-building office park totaling 772,000 square feet in the Orlando-area community of Lake Mary, Florida.

HFF worked on behalf of a Parmenter Realty Partners investment fund and an institutional equity partner to secure the $84 million loan through JPMorgan Chase Bank, N.A.  Loan proceeds were used to acquire the property. 
Primera Towers I–V comprises 605, 610 and 615 Crescent Executive Court and 255 and 300 Primera Boulevard, which are located immediately off of Interstate 4 in the Lake Mary submarket of Orlando. 

This location has excellent highway visibility and access to an amenity base featuring several Fortune 500 Companies, more than 50 restaurants and numerous banks, hotels and retail.  

Additionally, the exclusive golf course communities of Alaqua Lakes, Magnolia Plantation, Heathrow and Timacuan are a short distance from the property.  The 89-percent-leased office park features on-site fitness centers and a café with patio seating at the Primera III building.

The HFF debt placement team representing the borrower was led by senior managing director Ed Coco and senior real estate analyst Matt Casey.

“Primera Towers provides an excellent core-plus investment opportunity,” said Coco.  “The well-occupied office park offers the ideal combination of cash flow stability and the opportunity to capitalize on continued strength in the Lake Mary submarket, while the attractive financing offered by JP Morgan was well-structured and will be instrumental in the overall success of the venture.  We are honored to be a part of this transaction and look forward to doing more business with Parmenter in the future.”

“Consolidating the ownership of the park for first time in its history presents an exciting opportunity to expand the available services and amenities of the park for our current and future tenants,” stated John Davidson, managing principal of Parmenter.

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

Kristen M. Murphy
Director, Marketing
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

CBRE's Philip D. Voorhees and NRIG-West Team Complete Sale of Southgate Plaza in Sacramento, CA

Southgate Plaza, Sacramento, CA

 SACRAMENTO, CA – CBRE Executive Vice President Philip D. Voorhees announced that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of Southgate Plaza, a 339,369-square-foot grocery-anchored shopping center in Sacramento, Calif., leased to three high-performing grocers, Walmart Neighborhood Market, 99 Ranch Market and 99 Cents Only, along with a complementary mix of co-tenants including, Ross Dress for Less, Skechers, Baskin Robbins, Sally Beauty, Payless Shoe Source, Chase Bank, Farmer & Merchants Bank, Taco Bell, H&R Block and others.

The sale price for the asset, located at Florin and Franklin in Sacramento, was $42.1 million.  

Philip D. Voorhees

 CBRE’s retail investment experts Voorhees, Slusher, Todd Goodman, Megan Wood, Matt Burson, Kirk Brummer, Preston Fetrow and John Read, represented Chicago-based Wrightwood Financial on behalf of one of its managed vehicles.

The buyer, also represented by NRIG-West, was a subsidiary of NewMark Merrill Companies, LLC, a Los Angeles-based, full-service retail investment and management company.

NewMark Merrill Companies had previously been hired by Wrightwood to oversee the re-tenanting and repositioning of Southgate after the asset was taken over by Wrightwood over five years ago.

CBRE’s Sacramento-based Executive Vice President Chris Campbell and his partners First Vice Presidents Scott Carruth and Jason Read were the leasing agents on Southgate Plaza at the time of sale and generated tremendous leasing momentum over their tenure

“Southgate Plaza provided a perfect combination of daily necessity and value-focused anchor tenancy, along with an immediate upside opportunity through the lease-up of currently vacant space. Newmark Merrill excels at managing, merchandising and promoting centers like Southgate Plaza. This was a fantastic transaction for both buyer and seller,” said Voorhees. This was NewMark Merrill’s third acquisition in the Sacramento area.

Megan Wood

According to Slusher, “The property had tremendous leasing momentum despite the existing 27% vacancy at the time of sale. In the past 15 months, 53,000 square feet or 21% of the property has been leased up.”

“We have had a longstanding relationship with Newmark Merrill Companies, having previously provided capital to them, and worked closely with them as the project’s asset manager through the downturn,” said Bruce Cohen, CEO of Wrightwood Financial. “After a comprehensive market effort, ably led by the CBRE team, Newmark Merrill emerged as the logical buyer.”

“Investor demand for retail assets with strong fundamentals and an opportunity to improve NOI continue to attract strong interest from private and institutional investors alike, and an asset like Southgate, which has three daily needs generators, as well as best-of-class soft-goods retailers are especially in demand,” said Voorhees.

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

Anne Monaghan

KTGY-Designed Mixed-Use Development in Downtown Morgan Hill, CA Receives Approval

The Edes Building, Downtown Morgan Hill, CA

Dan McCranie
LOS ANGELES, CA – International award-winning firm KTGY Architecture + Planning is pleased to announce a new three-story, 10,000-square-foot mixed-use building located in the heart of downtown Morgan Hill, Calif., was unanimously approved by the city’s planning commission.

 The project, to be named The Edes Building, is being developed by local restaurateur Dan McCranie, owner of Morgan Hill’s popular Ladera Grill.

The new mixed-use development designed by KTGY aims to connect fine art, fine dining and fine wine, according to McCranie, who hopes to capitalize on the growth of Morgan Hill as a dining destination for out-of-town visitors.

 McCranie, who will own and operate the businesses in the building, worked with the Morgan Hill Historical Society to ensure the building signage will reflect the heritage of the site, which is located at 17395 Monterey Road. A recreation of a nearly 100-year-old sign will pay homage to the Edes Brothers’ hardware store that once occupied the site around 1910 after the original sign was found at a local Edes family’s residence in town.

Straying from the downtown norm, The Edes Building will feature an upscale art gallery and a café/wine bar on the first floor that will be interconnected to engage and attract people from the street level while promoting local wine makers. A grand staircase will lead to the main art gallery space on the second floor and the third floor will have a five-star restaurant with rooftop lounge.

Manny Gonzalez
“Not only will the restaurant include seating for 120 diners but it will be Morgan Hill’s first rooftop restaurant with a late-night lounge,” stated Manny Gonzalez, FAIA, LEED AP and managing principal with the Los Angeles office of KTGY.

“The traditional brick façade will be modernized with NanaWalls and backlit-perforated steel panels. And the views of the surrounding hills will offer a dining experience unlike no other in Morgan Hill.” Construction is slated to begin in early 2017, and finish by the end of the year.

At the corner of Monterey Street and East 1st Street in Morgan Hill, KTGY is also the project designer for a new four-story, contemporary-style boutique hotel adjacent the Granada Theater. “This is a very exciting time for forward-thinking city of Morgan Hill. We think that Morgan Hill will be the next Sonoma or Healdsburg, and will become a popular food and wine destination. KTGY is excited to play a pivotal role,” added Gonzalez. 

KTGY is an international full-service Architectural Design and Planning firm. With nearly 400 people in 7 offices, working in 28 states and 12 countries.

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

Anne Monaghan

www.ktgy.com, Facebook, Twitter, LinkedIn, Instagram, Vimeo, YouTube

http://www.ktgy.com/ KTGY | An Architectural Design and Planning Firm


Sunday, November 27, 2016

Rhodes+Brito Named Architect of Record for Bethune-Cookman University Student Life Center in Daytona Beach, FL

Ruffin Rhodes
ORLANDO, Fla. --- Rhodes+Brito is part of a team that recently won the Bethune-Cookman University’s Student Life Center project, a 110,000 square foot facility located on the campus in Daytona Beach off U.S. 92.  

Ruffin Rhodes, AIA co-founder, said his firm is Architect of record on the project and teamed with HuntonBrady Architects who facilitated the award-winning design of the building.   In this role, Rhodes+Brito will oversee the development of the construction documents and lead the construction administration effort.

Rendering of Planned Bethune-Cookman
University's Student Life Center
in Daytona Beach, FL

Construction is estimated to begin in the fourth quarter of 2017 and should be completed in the first quarter of 2018.

The Student Life Center will be on the lower two levels and the two top floors of the building to be constructed will include student housing and a micro-boutique hotel with a few special rooms for visiting professors.

Rhodes said the Student Life Center is the flagship project of Bethune-Cookman’s overall plan to revitalize the school and create a more student friendly campus. 

Rhodes+Brito, an Orlando firm founded in 1996, currently employs a staff of 20, including eight registered architects. The firm has exceptional experience providing architectural services to a wide variety of agencies throughout the state of Florida, including municipal government agencies, federal, education, aviation and senior living facilities. Rhodes+Brito Architects is the current Orlando AIA 2016 Firm of the Year.

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

Hold-Thyssen Negotiates $3.7 Million Sale of Retail Center on Sand Lake R0ad in Orlando, FL

N. Joelle Forster

Winter Park, FL  -- Hold-Thyssen, Inc., a real estate services firm based in Winter Park, recently completed the $3,725,000 sale of Mid Point Plaza located at 6203 West Sand Lake Rd. in Orlando. 

The 21,816 square foot retail strip center on the northwest corner of W. Sand Lake Rd. and Universal Blvd. was sold by the estate of the developer of the property.  Major tenants at the center include Wildside Clothing, Giordano’s Italian Restaurant and Light Bulbs Unlimited.   The buyer is an Orlando-based private investor. 

Martin Forster
The Hold-Thyssen team of Martin Forster CCIM and N. Joelle Forster listed the property and represented both the buyer and the seller as transactional brokers.

The center, built in 1999, is strategically located in an area that has recently experienced huge growth. “Recent growth and developments on I-Drive plus the acquisition of some 450 acres by Universal Studios to the south of the property bodes well for increased value of the retail center,” said Joelle Forster.

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  

The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

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

NAI Realvest Chairman George Livingston Scholarship Established for Real Estate Majors at University of Central Florida in Orlando, FL

George Livingston
ORLANDO, FL--- George Livingston, chairman and founding partner of NAI Realvest, the Orlando-based commercial real estate services firm, was recently honored with a scholarship in his name for qualified students majoring in real estate at University of Central Florida’s College of Business Administration. 
During his long career in commercial real estate, and 31 years as a member of the National Association for Industrial and Office Parks (NAIOP), Livingston has been continuously researching, sharing and mentoring along with his everyday involvement in the business of NAI Realvest.

Livingston’s development, brokerage and investment interests garnered him unparalleled expertise across many sectors of industry which keeps him on top and ahead of trends.

  He is currently a member of the NAIOP Research Foundation and Trends Task Force where he and other senior members identify and communicate to the membership trends that will present either challenges or opportunities to their business within 3-5 years.

The past president of the Orlando Chapter of NAIOP is a member of the organization’s National Research Foundation providing educational programs and activities that help developers and others involved in commercial real estate exceed the needs of their local communities.

   He was instrumental in having UCF professors Dr. Randy Anderson and Dr. Joshua Harris named NAIOP Distinguished Scholars so they and UCF can compete for research grants. 

Randy Anderson

He is likewise a member of NAIOP’s Industrial Development Forum 1 because of his continuous involvement in industrial property development, ownership and investment. 

Amid all those business activities, Livingston is on a UCF board that helps start-up technology companies raise capital.

To say the least, Livingston is the man that you want as a reference on your resume.

Although at a time when retirement would be natural – he already retired once as an Army Lieutenant Colonel – Livingston wants to keep giving back in ways few can commit to carrying out for such an extended period.

“I just want to help keep the talent local, create a better future for my hometown where I’ve been successful.”

 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

Thursday, November 24, 2016

HFF arranges $29.5 million in construction financing for Long Island, NY active adult development

The Vineyards at Blue Point Condominiums, Phase 2, Blue Point, Long Island, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in construction financing for Phase II of The Vineyards at Blue Point, an active adult condominium community (age 55+) in Blue Point (Long Island), New York.

Working exclusively on behalf of Ornstein Leyton Company (OLC) and Latus Partners, HFF arranged the construction loan with Bank of the Ozarks.

Evan Pariser
HFF has significant history with the project.  The firm first assisted OLC in arranging the relationship with Latus Partners and securing initial land acquisition financing. 

 HFF then aided the developers in securing construction financing for the development of Phase I of the community, which totals 74 units and includes the clubhouse, model units and the entry gatehouse.  Phase II will comprise an additional 84 units.

The Vineyards at Blue Point is located on a 65-acre site on the south side of Sunrise Highway close to the south shore beaches of Long Island and Great South Bay in Blue Point.  Upon completion, the 280-unit project will encompass 44 buildings with townhomes and single-level flats.

 The units will all be two-bedroom/two-bath with nine-foot ceilings, oversized master bathrooms, in-unit washer/dryers and attached garages.  Community amenities include a heated outdoor swimming pool and bocce court along with the Vineyards Club, which houses a fitness center, numerous social rooms and lounge space.

The HFF team representing the developer was led by senior managing director Evan Pariser.

 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 | hfflp.com

HFF closes sale of 3 multi-housing properties in Georgia and Tennessee

ALARA River Oaks Apartments, Franklin, TN

Jason Nettles

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of three southeastern U.S. multi-housing properties totaling 816 units: ALARA North Point and ALARA Park Bridge in Alpharetta, Georgia, and ALARA River Oaks in Franklin, Tennessee.

HFF marketed the properties on behalf of the seller, American Realty Advisors.  The assets were sold in three separate transactions to separate buyers.  ALARA North Point sold to Greystar, ALARA Park Bridge sold to Stockbridge Capital Group and ALARA River Oaks to TH Real Estate, a division of TIAA Global Asset Management.

The three, garden-style assets, which are located in two of the Southeast’s leading submarkets, have an overall occupancy of 94 percent.  ALARA North Point comprises 264 units and is located at 900 Jameson Pass in the Atlanta suburb of Alpharetta, approximately 25 miles northeast of downtown.

 The 352-unit ALARA Park Bridge is situated 4.3 miles northeast of ALARA North Point at 15000 Parkview Lane.  ALARA River Oaks consists of 200 units situated on a 34.4-acre site at 1000 Champions Circle in Franklin, Tennessee, to the south of Nashville’s central business district.  Each of the properties offer a full amenity package featuring resort-style swimming pools, grilling areas, fitness centers, pet parks, expansive clubhouses and business centers.

The HFF investment sales team representing the seller was led by senior managing director Jason Nettles and director Megan Thompson.

“Record-setting job growth, population gains, company relocations and cultural buzz define both the Atlanta and Nashville markets,” said Nettles.  “As a result, the properties are well-positioned for long-term asset value preservation due to their strategic location in two of the country’s fastest growing metropolitan areas.”

Megan Thompson
 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 | hfflp.com

HFF closes $94.35 million sale and arranges $42.4 million financing for creative office campus anchoring Portland’s South CBD

Park Square Campus, South Central Business District, Portland, OR

Nicholas Kucha
PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $94.35 million sale and arranged $42.4 million in financing for Park Square Campus, a 295,767-square-foot, two-building creative office campus that anchors Portland’s South CBD.

HFF marketed the property on behalf of New York-based Clarion Partners, LLC, acting as an advisor to a separate account client.  A separate account client advised by CBRE Global Investors purchased the asset and was assisted by HFF in securing a fixed-rate acquisition loan through Deutsche Bank.

Originally built in 1969 and 1983, Park Square Campus’ two mid-rise towers were converted in 2015 into creative office buildings that integrate indoor and outdoor amenity space for work and play. 

Property amenities include the communal Great Room, an abundance of natural light, outdoor dining spaces with fire pits, showers, lockers and bicycle storage.  

Situated on 1.75 acres at 100 SW Market in downtown Portland, Park Square Campus boasts a Walk Score© of 94, a Bike Score© of 91 and a Transit Score© of 94.  Additionally, the 97.5-percent-leased property has been awarded an Energy Star rating of 100.

The HFF investment sales team representing the sellers was led by senior managing directors Nick Kucha and Michael Leggett.

HFF’s debt placement team was led by managing director Casey Davidson.

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 | hfflp.com

Cohen Commercial Realty Brokers Leases for Storm Team Construction and Scoot-N-Around Scooter Rentals in Jupiter, FL

Bryan S. Cohen
JUPITER, FL  — Bryan S. Cohen, Allan Carlisle, and Scott Witkowski of Cohen Commercial Realty, Inc., announced the signing of Storm Team Construction, to lease a 2,271-square-foot space and Scoot-N-Around Scooter Rentals, to lease a 607-square-foot space at Bluffs Square Shoppes located at 4050 US Highway One in Jupiter, Florida. Cohen Commercial Realty, Inc. represented the Landlord in these transactions.

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

Wednesday, November 23, 2016

HFF secures $72 million financing for Plaza at Landmark in Fairfax, VA

Plaza at Landmark, Fairfax, VA

Cary Abod
WASHINGTON, DC -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $72 million refinancing for Plaza at Landmark, a 437,299-square-foot, grocery-anchored regional power center in Fairfax, Virginia.

Working on behalf of the borrower, Landmark HHH, LLC, HFF placed the 18-year, fixed-rate loan with AIG Investments. 

Plaza at Landmark comprises two multi-tenant buildings and individual pad sites.  The 98.2-percent-leased center is home to national and regional tenants, including Shoppers, Marshalls, Ross Dress for Less, LA Fitness, Total Wine & More, Dollar Tree, Verizon, DFurniture Galleries, BB&T, Five Below, GameStop and Chipotle. 

Situated on 22.65 acres at 6244 Little River Turnpike, Plaza at Landmark is in Fairfax County on the border of Alexandria, one of the nation’s most affluent communities, and in the Alexandria/I-395 Corridor submarket, one of the strongest in the Washington, D.C. metropolitan area. 

The center is located at the intersection of Route 236 (Little River Turnpike) and Beauregard Street and 100 yards from the Interstate 395 exit ramp. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and senior managing director Dana Brome.

Dana Brome
“Landmark HHH, LLC and its affiliates are very fortunate to have a close, productive relationship with HFF, which has lasted over 25 years,” said Marshall Ruben, principal of the borrower.  

“We are extremely pleased that through the efforts of the HFF team we were able to work with the first class, professional real estate lending group at AIG and close this very beneficial long term, fixed-rate financing.

" The recently renovated Plaza at Landmark is now well positioned for outstanding long term growth and success for our tenants and the community we serve.”

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

Kristen M. Murphy
Director, Marketing
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

BLT Enterprises Sells Class A Industrial Building for $11.75 Million in Oxnard, CA

Quaker Sales & Distribution, Inc. Industrial Building, 2100 Eastman Avenue, Oxnard, CA

Bernard Huberman
OXNARD, CA – BLT Enterprises, a multi-faceted real estate investment company, has sold a 91,950 square-foot industrial building in Oxnard, California for $11.75 million. The building is currently 100-percent occupied by Quaker Sales & Distribution, Inc., one of the world’s leading food and beverage companies.

“We have been a long-term owner in Oxnard and throughout Ventura County for more than three decades,” explains Bernard Huberman, Founder and President of BLT Enterprises. “The sale of this property demonstrates our continued strategy to shift our focus and diversify our portfolio to high growth markets in Orange, Los Angeles and San Diego counties.”

            Huberman explains that BLT initially acquired the industrial building in 2001, and during its 15-year hold period, was able to significantly increase the value of the property.

“Our strategy has and always will be long-term holds,” says Huberman. “Throughout our ownership of this property, we were able to create a steady stream of income and drive long-term value through a series of capital improvements and strategic leasing. This resulted in strong investor interest in the current market, which allowed us to sell the property for a premium price.”

Quaker Sales & Distribution, a wholly owned subsidiary of PepsiCo., Inc. has occupied the building since 2012.  Paul Farry at CBRE represented both the buyer and the seller in the transaction. 

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

Lexi Astfalk/Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Tuesday, November 22, 2016

The Union Dallas Announces Fox Restaurants Concepts’ North Italia Newest Dallas, TX Location

Sam Fox
DALLAS, TX – RED Development announced that Fox Restaurants Concepts’ North Italia restaurant will open a new Dallas location at The Union Dallas in 2018.

The 5,500 square-foot modern, full service pizza and pasta Italian concept from restaurateur Sam Fox, will be on the ground level overlooking the central plaza of the office, residential and retail project that will total approximately 800,000 square feet in the Uptown area of Dallas.

Serving lunch and dinner seven days a week, the restaurant is designed to open onto Field Street and will offer indoor and outdoor seating. Known for its made-from-scratch daily pastas and pizzas, the restaurant will bring a fresh, inviting and moderately priced dining option to the area. North Italia will join another Sam Fox restaurant at this location, The Henry.

“North Italia is a sophisticated, highly successful restaurant concept from the one and only Sam Fox, which perfectly complements the polished, welcoming live-work-play urban environment we are creating at The Union,” said Mike Ebert, Managing Partner, RED Development.

Mike Ebert
“North is a real draw that will appeal not only to residents and people who work at The Union, but also to neighbors and visitors to Uptown Dallas seeking a best-in-class restaurant that marries wonderful food with a hip and inviting setting.”

“We are looking forward to opening North Italia, our love letter to Italy, at The Union in Uptown Dallas,” said Sam Fox, founder of Fox Restaurant Concepts. 

“This energy-filled location in a great part of town offers an ideal environment for us to showcase the art of handmade pizza and pasta, along with an inspired wine list and much more, in the spirit of a true Italian taverna.

“Our restaurant in Austin has been so well received, and we are eager to bring our authentic approach to modern Italian food to Uptown Dallas.”

John C. Wander
At The Union location, guests can expect to enjoy the same freshly made tasty mix of pizzas, along with a mix of chicken, seafood and steak options offered in their other nine locations in Arizona, California, Colorado, Kansas and Texas. 

Slow-cooked short ribs, New York Strip, Atlantic Salmon and Diver Scallops will be on the menu along with home-made Strozzapreti with Bloomsdale spinach, supple ribbons of tagliatelle for Bolognese and several pizza options accompanied by an extensive wine list and mouth watering desserts like Salted Caramel Budino and Olive Oil Cake.

“The vibrant mix and quality of dining options at The Union is one of the many amenities that initially attracted our firm to this location,” said Vinson & Elkins Partner John Wander.  “The walkability to a variety of restaurants is important to our more than 145 attorneys and will also offer convenient opportunities for our clients.  We are looking forward to moving to this highly-desirable workplace and location.”

Mike Wallner
Beyond the inviting ground-floor location that is within walking distance of Dallas’ premier sports, entertainment, museum and outdoor park venues, The Union’s 21,000-square-foot green space and events plaza will enhance North Italia’s exceptional culinary experience. 

The central plaza will be designed by top Texas landscape designer, Office of James Burnett, and will be surrounded by water features, seating areas, trees and a performance area so that diners may extend their experience before or after their meal with a stroll through the green space or simply sit and enjoy the ambience of the park-like setting.

Located at Field Street and Cedar Springs Road, The Union is a connection point for many of Dallas’ most vibrant business and residential districts including Downtown, Uptown, the Arts District and Victory Park neighborhoods.

 Ideally located, the signature 22-story contemporary designed blue-hued office tower and 23-story residential tower offer sweeping views of the city with unparalleled conveniences and amenities to tenants.

The Union offers 417,000 square feet of premier Class-AA rentable office space - two premier professional services firms were previously announced to be moving to The Union Dallas office tower. One of the nation’s largest law firms, Vinson & Elkins, will move its firm to the project in 2018 and will occupy approximately 82,000 square-feet on three floors of the signature office building. Weaver, the largest independent accounting firm in the Southwest, will move its Dallas office to approximately 58,000 square feet and two floors in the office tower.

The Union Dallas
Strategic project partner, StreetLights Residential, is leading the design and development for the 23-floor residential tower offering 309 luxury apartment homes and distinctive amenities. 

Designed by Dallas-based architect, HKS, Inc., and with DPR as the general contractor, the project will feature 87,000 square-feet of retail including a 60,000 square-foot Tom Thumb grocery store on the ground floor to provide convenient on-site grocery shopping.

Mike Kallner with RED Development oversees retail leasing along with CBRE/UCR’s Urban Retail and Leasing team.

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

McClain Stone
Culver Public Relations
3102 Maple Ave., Suite 235
Dallas, TX  75201
214.352.5980 office
214.980-3034 cell

NAI Realvest Negotiates 15-Year Ground Lease on Fowler Avenue near USF in Tampa, FL for new Dunkin Donuts.

Kimberly Manson

Jeff Tanner
TAMPA, FL  – NAI Realvest recently negotiated a 15-year ground lease agreement for a 21,422 square foot retail parcel located at 1911 E. Fowler Ave. in Tampa.

Kim Manson, director of retail and investment sales at NAI Realvest and Jeff Tanner, senior VP of investment sales and leasing, brokered the transaction on behalf of Tenant, DB Real Estate Assets, I LLC of Canton, Mass.

 Linda Snyder, Commercial Agent with RMC Ross Realty represented the Landlord, Miami-based Orion Venture VI, LLC.

The existing retail building will be demolished and the tenant will soon construct a new Dunkin Donuts on the site. 

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

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lversehlco@aol.com

Monday, November 21, 2016

Orlando, FL Land Brokers Maury L. Carter & Associates, Inc. Experiencing Banner Year With over 10,089± acres in land sales and $61 million in cash volume for First Nine Months

Maury L. Carter, left, and son Daryl M. Carter

ORLANDO, FL -- Maury L. Carter & Associates, Inc. announces the following recent transactions:

Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller in the sale of 40± acres on Goldenrod Rd in Orlando, FL. The property was sold to Goldenrod II, LLC for $500,000. Pinecrest Real Estate Group, LLC represented the buyer in the transaction.

Clyde Wells with Maury L. Carter & Associates, Inc. represented the seller in the sale of 22.5± acres along Florida’s Turnpike and Simpson Road in Osceola County, FL. The property was sold to Paradise 225, LLC for $2,000,000. Jazmin Savloff with Blue B Properties, LLC represented the buyer in the transaction.

John Evans
Daryl M. Carter, Trustee of Carter-Lake Hart Land Trust, sold 4.29± acres on Moss Park Rd west of SR 417 in Orange County, Florida. The property was sold to Floriday Properties, Inc. for $950,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the seller and Fusilier Realty Group-Nona, LLC represented the buyer.

Daryl M. Carter, Trustee of Carter-Flagler Seminole Woods Land Trust, purchased 268± acres on Belle Terre Blvd. in Palm Coast, FL. The property was purchased from Florida Landmark Communities, LLC for $2,275,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. and Jeffrey R. Douglas represented the buyer. There were no other brokers involved in the transaction.

John Evans, Daryl M. Carter and Clyde Wells of Maury L. Carter & Associates, Inc. represented the seller in the sale of Stafford's Prairie Ranch, 671± acres in Levy County, FL, and represented the buyer on the adjacent 100± acres. The combined price for both properties totaled $1,200,000. There were no other brokers involved in the transaction.

Daryl M. Carter, Trustee of Carter-Marion 591 Hwy 316 Land Trust, sold 591± acres on Hwy 316 in Marion County, FL. The property was sold to Muddy Acres Land and Timber LLC for $1,400,000. Daryl M. Carter and John Evans with Maury L. Carter & Associates, Inc. represented the seller in the transaction.

Since January of 2012, Maury L. Carter & Associates, Inc. has completed over $227 million in transactions on 26,000 acres of land.

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years’ experience in real estate investments and brokerage.

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

Maury L. Carter & Associates, Inc.
3333 S. Orange Avenue, Suite 200
Orlando, FL 32806
407-581-6206 direct
407-422-3144 office