New Name, Expanded Arizona HQ for Graycor Construction Co.

Nitti Graycor Southwest Regional Headquarters, 4600 East Washington Street, Suite 440, Phoenix, AZ

Todd Ostransky

PHOENIX, AZ – Long-time Phoenix construction leader Nitti Graycor announced today that all operations for their Southwest Regional Headquarters have moved to a new Phoenix location and are officially doing business as Graycor Construction Company.

Their new location, at 4600 E. Washington St., Suite 440, Phoenix, Arizona 85034, was designed with flexibility and collaboration in mind to best support Graycor’s service offering in the office, retail, hospitality, tenant improvement, warehouse, distribution center and manufacturing market segments.

“Our changes reflect who we are as a company – creative, knowledgeable, sophisticated and future-focused,” said Todd Ostransky, Graycor Construction Company General Manager-Southwest Division.

“We have a tremendous local team that is not only advancing our industrial and tenant improvement pipeline, but also our office, retail and hospitality opportunities. Graycor thrives in all of these product types. We’re excited to showcase more of that talent in Arizona.”

Graycor represents 95 years of national building experience and over 1,500 construction experts across the U.S. In 2010, the company merged with Phoenix-based Nitti Brothers Construction to form Nitti Graycor. 

The integration combined Graycor’s national platform with Nitti’s more than three decades of local subcontractor and partner relationships, and signifies Graycor’s commitment to their clients in the Phoenix market and the Southwest region. The Southwest Division currently employs 31 full-time employees in their Phoenix-based office.

Dave Wing

Demonstrating a wide variety of capabilities in the local market, Graycor’s portfolio includes Chandler Airport Center, AMC Esplanade Fork and Screen Conversion, the Buckeye Logistics Center including 600,000 square feet for Amazon.com, the JW Marriott Hotels & Resorts 60,000-square-foot Camelback Inn Renovation, FedEx Chandler Distribution Center, Home Depot Distribution Center, Mountain Vista Medical Office Building, and Sunrise Assisted Living of Chandler. 

Tenant improvement and interior deliveries include Davis at Hayden Ferry Lakeside, Stitchfix.com, InEight Hard Dollar and Southland Engineering at Papago Buttes, named among the Top 10 Offices in Arizona by AZRE Magazine.

“Our Arizona team is rich with local and national experience, long-tenured employees and long-standing client relationships,” said Dave Wing, President of Graycor Construction Company Inc. 

“They are committed to bringing Graycor’s value added services to local and regional clients, and have full company-wide support to achieve that benchmark with great success.”

For more information on Graycor’s capabilities or to discuss project opportunities in the Southwest market, please contact Jennifer Delaporte, Business Development Manager, at 480.889.7680 or Jennifer_Delaporte@Graycor.com.

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

Stacey Hershauer

 focusAZ

 Marketing & Public Relations

 (480) 600-0195

 www.focusaz.com

www.graycor.com.

HFF arranges financing for ground-up retail development near Houston, TX

 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged financing for Pearland Parkway II, a 108,343-square-foot, to-be-built addition to the 165,922-square-foot retail power center in the Houston suburb of Pearland, Texas.

HFF worked on behalf of the developer, Stream Realty Partners, L.P., to place the construction loan with Amegy Bank.  Additionally, HFF arranged mezzanine financing with a major life insurance company.

The Center at Pearland Parkway was completed in 2014 and is 95 percent leased to national and regional tenants, including TJ Maxx, Ross Dress for Less, Petco, Palais Royal and Massage Envy.

 Situated at the intersection of Pearland Parkway and FM 518, Pearland Parkway II is in the primary retail node for the eastern part of Pearland and approximately 15 miles from downtown Houston. 

Within one mile of the center, there are more than 370 businesses with approximately 3,700 employees in addition to the 23,974 households within a three-mile radius of the center.

The HFF debt and equity placement team representing the developer was led by senior managing director Matt Kafka and managing director Colby Mueck.

To learn more about Amegy, visit www.amegybank.com or call 800-287-0301 for more information. Member FDIC.  Loans subject to credit approval, terms and conditions apply.  NMLS#563474.

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.streamrealty.com

HFF closes sale of Alta Stone Place in suburban Boston, MA

Alta Stone Place Apartments, Melrose, MA

 

Christopher Phaneuf

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Alta Stone Place, a 212-unit, Class A luxury apartment community located approximately five miles north of downtown Boston in Melrose, Massachusetts.

HFF marketed the property exclusively on behalf of the seller, Wood Partners, LLC.  Mesirow Financial purchased the asset free and clear of existing debt.

Alta Stone Place, located at 1000 Stone Place, is surrounded by a conservation land green belt and is within walking distance to numerous shops and restaurants. 

The transit-oriented community is positioned directly adjacent to a MBTA bus stop and is steps from the MBTA Orange and Haverhill Lines, providing access directly into Boston. 

Completed in 2015, the property offers a mix of loft-style units in a renovated brick and beam mill building, as well as more traditional units in three newly-constructed buildings. 

Units average 948 square feet each and feature distinctive architectural details, including exposed brick, oversized windows and high ceilings.  Community amenities include a heated swimming pool with grilling and outdoor dining; 24-hour fitness center with yoga room, spinning and Xbox Kinect®; fenced dog park; resident lounge with billiards and theatre room; and a 289-space parking garage with direct building access.

The HFF investment sales team representing the seller was led by managing director Christopher Phaneuf and director Mark Campbell.

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.woodpartners.com.

www.mesirowfinancial.com.

HFF secures financing for Class A multi-housing development in suburban Denver, CO

Pat Burger

SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured equity and construction financing for the development of Solana Lucent Station, a 285-unit, Class A multi-housing community in the Highlands Ranch community of Denver, Colorado.

HFF worked on behalf of the developer, ReyLenn Properties LLC, to arrange the financing.

Due for completion in 2018, Solana Lucent Station will be situated on 9.89 acres at the northwest corner of Lucent Boulevard and Plaza Drive approximately 14.5 miles south of downtown Denver. 

The transit-oriented property is immediately adjacent to the future end-of-the-line light rail station at C-470/Lucent Boulevard and also provides nearby access to Highway 85 and Interstate 25.  The three-story, LEED Gold project will feature highly-amenitized one-, two- and three-bedroom units with attached garages.

 Community amenities will include a resort-style swimming pool with an outdoor living room; spa; barbecue grilling stations; and an 8,500-square-foot clubhouse with a state-of-the-art fitness center.

The HFF equity placement team was led by director Pat Burger and managing director Josh Simon.

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.reylenn.com.

HFF arranges $170 million financing for Jersey City, NJ apartments

Thomas Didio

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $170 million in financing for the newly-completed 70 Columbus, a 545-unit, Class A apartment tower in Jersey City, New Jersey.

HFF worked exclusively on behalf of Ironstate Development and Panepinto Properties to secure the 10-year, fixed-rate loan through Northwestern Mutual Real Estate.  Loan proceeds were used to replace existing construction financing.

Designed by Gwathmey, Siegel, Kaufman and Associates Architects (GSKA), 70 Columbus has studio, one- and two-bedroom luxury rental residences featuring panoramic views of the New York skyline, oversized windows, wood floors, stainless appliances and quartz countertops.

 Common area amenities include a lobby with fireplace lounge and social spaces designed by Noé Duchaufour Lawrance; bike room; business center; 60,000-square-foot roof deck with swimming pool, sport court, table tennis, grilling stations and dog run; and a 30,000-square-foot, state-of-the-art fitness center.

Noé Duchaufour Lawrance

 The 50-story tower is located at 70 Christopher Columbus Drive at the intersection of Warren Street within walking distance to the Hudson River waterfront and the Grove Street and Exchange Place PATH train stations.

The HFF debt placement team representing the borrower was led by senior managing director Thomas Didio.

“Northwestern Mutual addressed the borrowers desire to lock the interest rate early in the process and did a great job committing and closing the loan,” said Didio.

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 and arranges financing for newly-built, mid-rise apartments in Portland’s North Pearl District

Carrie Kahn

PORTLAND, OR –- Holliday Fenoglio Fowler, L.P. (HFF) announced  it has closed the sale of and arranged financing for Waterline, a newly-built, 243-unit, mid-rise apartment property located along the Willamette River in Portland’s North Pearl District.

HFF marketed the asset exclusively on behalf of the seller, Fore Property Company and its finance partner.  Greystar purchased the asset for an undisclosed amount.  

In addition, HFF worked on behalf of the new owner to place a floating-rate acquisition loan with MetLife.

Waterline is situated on approximately 1.77 acres at 2080 NW Front Avenue near Interstate 405, Highway 30 and numerous retail, dining and entertainment attractions in Portland’s Pearl District and NW 21st/23rd Corridor.

Ira Virden

  Completed in 2015, the property has 1,112 square feet of 100-percent-leased ground floor retail and 243 studio, one- and two-bedroom units averaging 796 square feet each. 

Residences feature luxury finishes, large floor plans, in-unit washers/dryers, stainless appliances, quartz countertops, European-style cabinetry and views of the iconic Fremont Bridge and Willamette River.

 Additionally, community amenities include a rooftop deck, community lounge, fitness center, yoga/Pilates studio, community courtyards, pet services and washing station, bike storage and a 268-space controlled access parking garage.

The HFF investment sales team was led by managing director Ira Virden and director Carrie Kahn.

HFF’s debt placement team was led by senior managing director Andy Scott, managing director Charles Halladay and associate director Michael Cosby.

Andy Scott

“This is a perfect example of the continued healthy appetite for large, Class A, core product in urban neighborhoods.  At the moment, there is a shortage of these investment opportunities across the West Coast due to investor demand outpacing supply,” said Virden.

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.greystar.com.

www.foreproperty.com.

HFF secures $45 million financing for luxury apartment tower in Center City Philadelphia

Avenir apartment and retail tower, Center City Philadelphia, PA

 

Jim Cadranell

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $45 million in financing for Avenir, a 180-unit, luxury mixed-use apartment and retail tower in Center City Philadelphia, Pennsylvania.

Working on behalf of the borrower, a joint venture between the Scully Company, Alterra Property Group, LLC and Spring Creek Investment Management, HFF placed the seven-year, fixed-rate loan with Webster Bank (Webster), a leading regional bank based in Waterbury, Connecticut, with local offices located in Conshohocken, Pennsylvania.  Loan proceeds will replace the existing construction loan.

Located at 1501-1515 Chestnut Street, Avenir is one block from the newly-completed Dilworth Plaza at City Hall in the heart of Philadelphia’s central business district.  

The 16-story building was originally constructed in 1902 and was converted from office space to 101,628 rentable square feet of residential space and 8,887 square feet of 100-percent leased ground-floor retail space in 2015. 

Fred Felter

With a Walk Score® of 100, the property is close to numerous public transportation, retail, entertainment and dining options.

  Property amenities include a fitness center utilizing the ScullyFit wellness program; screening room; conference and business suites; resident lounge; indoor bike storage and cycle stations; and 24-hour concierge service. 

The HFF deal team was led by managing director Ryan Ade and senior managing director Jim Cadranell.

“Webster is pleased to be a part of this project as it will contribute to Philadelphia’s positive economic growth and development by creating jobs and attracting businesses,” said Fred Felter, senior vice president, senior relationship manager, Commercial Real Estate at Webster Bank.

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.websterbank.com

www.apgliving.com

Berkadia Completes Sale of 236 Units for $6.25 Million in Center Point, AL

  

Josh Jacobs

 BIRMINGHAM, AL --- Berkadia recently negotiated the sale of two apartment communities -- Summer Rise and Summer Terrace -- with a total of 236 units located in Center Point.   The combined purchase price was $6,250,000.

Josh Jacobs, Associate, and David Oakley, Managing Director of Berkadia Real Estate Advisors, LLC brokered the transaction.   Summer Rise, LLC and Summer Terrace, LLC were the Alabama-based sellers. 

The Florida-based purchasers are Summer Rise Apartments, LLC and Summer Terrace Apartments, LLC. 

Summer Rise is located on East Bend Circle and Summer Terrace is on Sterling Ct. N.W. in Center Point.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

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

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

NAI Realvest Negotiates Two Sales of Vacant Land in St. Cloud, FL totaling $1.650 Million

 

Daniel Blackford

ORLANDO, FL --- NAI Realvest recently closed on the sales of two parcels of vacant development land to residential construction firms for a total of $1,650,000.00 in St. Cloud.

NAI Realvest Broker Associate Daniel Blackford, CCIM negotiated both sales representing the Sellers.  

Lakeland-based Nolte Land I, LLC purchased 19 acres for $950,000 at 1700 Nolte Road in St. Cloud from Franklin, N.C.-based sellers David Kendall Jowers, Debra Jowers and Asset Preservation, Inc.   

Park Square Enterprises purchased 13 acres for $700,000 at 2275 Canoe Creek Rd. from the Orlando-based seller Regal Views, LLC.    Vance Henderson of Landvest Realty represented the buyer.  

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

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

NAI Realvest Negotiates Two Professional Office Leases at La Vina Marketplace in Southeast Orlando, FL

Mary Frances West

ORLANDO, FL --- NAI Realvest recently negotiated two lease agreements for professional office space in Buildings A and B of La Vina Marketplace on Narcoossee Rd. in the Lake Nona area of Southeast Orlando. 

Mary Frances West, CCIM vice president at NAI Realvest negotiated the leases representing the landlord Orlando-based Ripley’s International, LLC. 

Spotlight Energy LLC leased suite B-201 at 9161 Narcoossee Rd. with 1,416 rentable square feet.  The new tenant is a Houston-based wholesale natural gas marketing company and was represented in the transaction by Robin Kesler of RE/MAX Optima.

Comprehensive Spine & Regenerative Medicine an existing tenant in La Vina Marketplace at 9145 Narcoossee Rd. expanded into Suite A-201 with 1,469 square feet and now occupies a total of five spaces and 10,061 rentable square feet.  The tenant was represented by Jason Schmidt of Stockworth Realty Group.

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

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