Winston-James Completes New / Expansion Lease for Orlando Furniture Exchange at Aloma Commerce Center in Oviedo, FL

 

Winston Schwartz

ORLANDO, FL  ---  Winston-James Development, Inc. recently negotiated an expansion lease agreement at Aloma Commerce Center, its office/warehouse development located at 2785 Wrights Rd. off Aloma Ave. and S.R. 417 in Oviedo.

Winston Schwartz, a principal at Winston-James Development, based in South Daytona, said Orlando Furniture Exchange, a tenant in 1,200 square feet at Aloma Commerce Center, leased another 940 square feet for a total of 2,140 rentable square feet.  The tenant specializes in quality modern and contemporary refurbished furniture. 

The 75,000 square foot Aloma Commerce Center is nearly 100 percent leased.

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

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

The Partyka Group at NAI Realvest completes Building Sale in Palatka, FL

Paul Pasrtyka

PALATKA, FL – NAI Realvest recently closed on the investment sale of a 4,754 square foot, flex/warehouse building at 2626 Reid St. off US 17 in Palatka.

The Partyka Group – Paul P. Partyka, partner at NAI Realvest, and associate Juan Jimenez – brokered the sale representing the landlord, Opportunity Fund USA, LLC of Odessa, Fla. 

Buyer Revital Moskowitz of Brooklyn, NY paid $170,000 for the free-standing building built in 1957 on a quarter-acre site in a high-traffic area.    

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

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

HFF secures $43.3 million refinancing for 100 Peachtree in Atlanta’s CBD

100 Peachtree, Central Business District, Atlanta, GA

Gregg Shapiro

 ATLANTA, GA -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $43.3 million refinancing for 100 Peachtree, a 625,424-square-foot, Class A office tower in Atlanta’s central business district.

Working on behalf of the borrower, an affiliate of Five Mile Capital Partners LLC, HFF placed the four-year, floating-rate loan with Principal Global Investors.  Loan proceeds were used to retire existing debt and will provide future funds for base building capital improvements as well as tenant improvements and leasing commissions. 

The property’s location along Peachtree Street NW in downtown Atlanta provides tenants with excellent access to public transportation including two Marta stations within blocks of the property, vehicular access to the Downtown Connector (Interstates 75 & 85), an Atlanta streetcar stop at the property’s doorstep, as well as easy access to the Hartsfield-Jackson International Airport, eight miles from the site.

 The iconic, 32-story tower features a conference center with a boardroom, three conference rooms and a mock courtroom; a fitness center; dry cleaner; florist; FedEx-Kinko’s; Dunkin Donuts; Starbucks and parking for 928 vehicles.  100 Peachtree is 61 percent leased to tenants including Koch Properties; Accenture; Fulton County Public Defender; Atlanta Beltline, Inc.; and McGuire Woods LLP.

The HFF debt placement team representing the borrower was led by senior managing director Mark Sixour and managing director Gregg Shapiro. 

 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

HFF closes the sale and arranges financing for The Four Points by Sheraton Boston Logan Airport

  

Four Points by Sheraton Boston Logan Airport Hotel, Revere, MA

 

Lauren O'Neil

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale and arranged financing for the 180-room Four Points by Sheraton Boston Logan Airport located in Revere, Massachusetts.

HFF marketed the property on behalf of the seller, Logan Hospitality Associates, LLC, a division of KW Development, LLC.  Fingerprint Hospitality, LLC was an advisor to and an investor in the buyer.  Driftwood Hospitality will manage the asset.

  Additionally, HFF worked on behalf of the buyer to secure a three-year, floating-rate acquisition loan through TIAA Direct, a division of TIAA-CREF Trust Company, FSB.

Located at 427 Squire Road at the Route 60/Route 1 intersection, the Four Points by Sheraton Boston Logan Airport is less than five miles from Logan International Airport and approximately six miles from downtown Boston.

 The property sits on 3.3 acres of land adjacent to the Northgate Shopping Center, and is the only hotel within its competitive set to offer restaurant and entertainment amenities within walking distance.

Denny Meikleham

Renovated in 2013, the hotel offers guests 3,755 square feet of meeting space, an indoor pool, fitness room, complimentary shuttle service, complimentary hot breakfast and in-room high-speed Internet access.  

The hotel also features the Bisuteki Japanese Steakhouse (leased) and a park and fly operation for travelers to Logan International Airport.

The HFF investment sales team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki. 

HFF’s debt placement team was led by director Lauren O’Neil.

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

www.tiaa.org

HFF arranges $6.3 million acquisition financing for grocery-anchored retail center in Mesa, AZ

Marketplace at Signal Butte, Mesa, AZ

Greg Brown

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot, grocery-anchored community shopping center in the eastern part of Mesa, Arizona.

HFF worked on behalf of the borrower, Progression REI, to place the 10-year, fixed-rate loan with Wells Fargo Bank. 

Anchored by Basha’s, an Arizona grocery store chain, Marketplace at Signal Butte is home to Big 5 Sporting Goods, Denny’s, Dollar General, Golden China, Sunrise Daycare, US Nail Spa, Edward Jones, Papa John's Pizza and H&R Block. 

The center is situated on 12 acres at the southwest corner of Signal Butte Road, a north-south artery, and Main Street, one of the original east-west corridors in the southeast valley.

 Just south of Marketplace at Signal Butte is a full-diamond interchange at Signal Butte Road and Interstate 60, and there are more than 83,000 residents living within a three-mile radius of the center.

The HFF debt placement team representing the borrower was led by director Greg Brown.

“Our team at HFF was able to provide our client with an excellent fixed-rate financing solution during a challenging time in the capital markets as a result of our strategic lender relationships,” said Brown. 

"We are grateful to HFF and Wells Fargo Bank for supporting our investment in this well-located and well-designed property with a strong mix of retailers, high current returns and opportunity to grow its value,” said Jim Howard, Progression REI managing partner.

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

www.progressionrei.com