HFF named to market for sale the IDS Center in Minneapolis, MN

IDS Center, Downtown Minneapolis, MN

 

Jeff Bramson

 CHICAGO, IL -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale the IDS Center, a 57-story office tower totaling more than 1.43 million square feet in downtown Minneapolis.

HFF is marketing the architectural landmark on behalf of the seller, Accesso Properties LLC of Hallandale Beach, FL.  HFF sold the property to Accesso in 2013 and arranged acquisition financing on its behalf.

Heralded by the New York Times as “one of the finest skyscrapers built in any American city”, the IDS Center occupies a full city block on Nicollet Mall, the shopping and dining district at the core of the skyway pedestrian walkway system in Minneapolis. 

The iconic post-modern office tower was designed by the influential American architect Philip Johnson in 1972.  

In addition to office space, the 88-percent-leased property includes  the eight-story, glass-enclosed Crystal Court, a retail shopping center and urban park that frequently has traffic counts in excess of 50,000 people per day, and the separately owned 19-story, 281-room Marquette Hotel.

The HFF investment sales team representing the seller is being led by senior managing directors Jeff Bramson and Jaime Fink and managing director Mark Katz.

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

                                                 

Kristen M. Murphy

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

The Summit at Fritz Farm in Lexington, KY Lands Bonobos Guideshop

  

Andy Dunn

BIRMINGHAM, AL — Bayer Properties announced that Bonobos, a high-energy apparel company that designs and sells men’s clothing, has selected The Summit at Fritz Farm to house its next Guideshop.

Bonobos chose The Summit at Fritz Farm for its Kentucky location because of its unique and innovative approach to attracting retail to a sophisticated, yet under-served market.

 The $156 million mixed-use experiential development will open in Lexington in March 2017.

"The Summit at Fritz Farm is a new, innovative development with a strong mix of local and national independent businesses, making it an obvious choice for a Bonobos Guideshop,” said Andy Dunn, founder and CEO of Bonobos. “We're excited to open our first Kentucky location and can't wait to be a part of the vibrant city of Lexington."

 To further customize the experience for Lexington, the Bonobos Guideshop at The Summit at Fritz Farm will offer shoppers a sampling of Kentucky bourbon.

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

                                                 

Gayle MacIntyre, The Wilbert Group

Tel: 404-643-8222

Email: gmacintyre@thewilbertgroup.com

Three JLL Atlanta Brokers Win Prestigious Alvin B. Cates Award From Atlanta Commercial Board of Realtors

Shannon Price

ATLANTA, March 28, 2016 – Robert Metcalf, Gregg Metcalf and Shannon Price from JLL’s Atlanta office have received the Atlanta Commercial Board of Realtors’ Alvin B. Cates Award, one of the most sought-after honors presented by the organization, for their involvement with Mercedes-Benz USA’s new headquarters in Atlanta.

Robert Metcalf

“It is an honor for our team to receive this prominent award,” said Mike Sivewright, JLL’s Market Director for the Atlanta region. 

“Their hard work and dedication to helping Merecedes-Benz USA secure a fantastic location in Atlanta was evident throughout the process, and we are thrilled that we were able to help bring such a great company to the city.”  

The brokers found and secured a 12-acre site for the new campus headquarters, located in Atlanta’s Central Perimeter submarket, and worked with the City of Atlanta, the City of Sandy Springs and multiple Economic Development teams to convince Merecedes-Benz USA that Atlanta was the right fit.

 Simultaneously, JLL negotiated almost 100,000 square feet of temporary office space so Mercedes could begin operations in the city starting July 2015.

The Alvin B. Cates award is presented annually to one person or group for a transaction that is considered to be outstanding, noteworthy and is based on creativity, ingenuity and skill, rather than on volume.

For more news, videos and research resources on JLL, please visit the firm’s U.S. Media web page.

Gregg Metcalf

 JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.

A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.

 On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014.

 Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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

Kristin Jones • The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

M: 630-363-5747  

@kayjay818

www.thewilbertgroup.com

Capital Square 1031 Acquires Galeria Del Rio Townhome Community in Tucson, AZ

  

 

Louis Rogers

TUCSON, AZ – Capital Square 1031 announced the company has acquired Galeria del Rio, a 101-unit townhome community with a variety of amenities in Tucson, Ariz.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. 

The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria Del Rio is located in Arizona’s second largest city, a dynamic market anchored by the University of Arizona and home to employers in the national defense industry and hospitals, including Northwest Medical Center,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The community’s central location provides easy access to employment centers and to the many social and recreational opportunities in Pima County.”

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

Julie Leber                                                                         

 Spotlight Marketing Communications                    

 949.427.5172, ext. 703                   

 julie@spotlightmarcom.com

                                      

The Preiss Company Acquires Four Properties in Strong First Quarter

Donna Preiss

RALEIGH, NC—Officials of The Preiss Company, the nation’s third largest, privately-held, student housing owner-operator, today announced that the company posted strong growth in the 2016 first quarter with the acquisition of four properties and expects continued aggressive growth for the remainder of the year.  Officials also said the company has the most active acquisition pipeline in its history.

“The company added a total of 16 properties in the last 12 months through acquisitions and new management contracts, which increased our room count by 33 percent to more than 28,000 beds at year-end 2015,” said Donna Preiss, founder and CEO, The Preiss Company. 

“Both the company and our institutional investor partners continue to see a significant number of properties coming to market.  Private equity is readily available, and debt remains at historically low rates.  Established players, such as life insurance companies and traditional banks, still view the student housing sector as a sound investment.” 

Preiss noted that the company has expanded its acquisition department to handle the significantly higher due diligence and related acquisition workload.

 “The level of seller interest is high, and we currently are actively pursuing some 10 candidates. Acquisitions don’t follow a set pattern as there are multiple factors that can either postpone or kill a transaction, over which a buyer has little or no control,” she said.

 “We expected a higher acquisition level last year, but getting to the closing table was slower than anticipated.  We completed some of those acquisitions in early 2016 and are optimistic about acquisition growth for the duration of the year.”

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

Patrick Daly

Office Manager

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

www.tpco.com. 

Mortgage Bankers Association Opens Doors Foundation Expands to Boston Children’s Hospital with Ongoing Commitment from radius financial group inc.

Sarah Valentini

Norwell, MA – radius financial group is excited to help launch and fund the Mortgage Bankers Association (MBA) Opens Doors Foundation new ongoing relationship with Boston Children's Hospital. 

MBA Opens Doors works directly with pediatricians and social workers at children’s hospitals to identify potential grant recipients, and this is the Foundation’s first involvement with a hospital located in Massachusetts.

Beginning Friday, April 1, 2016, for every residential home loan radius financial group closes, the company will donate a total of $100 to MBA Opens Doors Foundation. The Opens Doors Foundation makes mortgage and rental assistance payment grants to parents and guardians with critically ill or injured children, allowing them to take unpaid leave from work and spend precious time together without jeopardizing their cherished homes.

Opens Doors is currently able to pass 100 percent of the donations it receives on to families in need of assistance.

"Day in and day out, we are constantly challenging ourselves to make the mortgage experience better - better for us, better for the homebuyer, better for the communities we serve," said radius financial group Principal, Sarah Valentini. "We heard about the opportunity to bring Opens Doors to Massachusetts and the decision to assist in every way imaginable was unanimous. We're honored to help the Mortgage Bankers Association bring the program not only to Massachusetts, but to the #1 ranked children's hospital in the world."

Debra Still

"Not only are we helping with home ownership, but we get to show and share with our clients how they can also touch someone in a time of need," added radius financial group COO and Principal, Keith Polaski. "That's why we do what we do at radius financial group."

“This creative, generous, ongoing initiative makes it possible for Opens Doors to expand,” said Debra Still, Foundation Chairman and President and CEO of Pulte Mortgage. 

“We thank, Sarah, Keith, and the entire team at radius for their leadership and we are honored to be able to start a new relationship with Boston Children’s and provide assistance to families caring for ill or injured children there.”

In addition to Boston Children’s Hospital, the Foundation has ongoing relationship with children’s hospitals in Washington D.C., Dallas-Ft. Worth, Texas, Denver, Colorado, and Houston, Texas to identify potential grant recipients.

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

Ali Ahmad

aahmad@mba.org

(202) 557-2727

For radius financial group inc. contact:

Dustin Demeritt

E-mail: ddemeritt@radiusgrp.com

Phone: 781-742-6500 x702