Hold-Thyssen Negotiates Five Year Lease Agreement with Multi-National Company at Phillips Place in Orlando, FL

Darby Hold

ORLANDO, FL  --- Hold-Thyssen, a real estate services firm headquartered in Winter Park, recently negotiated a five-year lease agreement for 2,147 rentable square feet of professional office space at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. brokered the transactions on behalf of the Cincinnati, Ohio-based landlord, Financial Way Realty, Inc. 

The new tenant Woof Gang Bakery, Inc. is a multi-national franchise company providing pet care products and services.  Established in Jupiter in 2007 the tenant has relocated its corporate offices to Phillips Place.

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place.

The real estate services firm provides commercial property and 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:

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

Emerson International Negotiates Long Term Leases at Sanlando Center II in Longwood, FL and CenterPointe I in Altamonte Springs, FL

Zac Starkey

 ALTAMONTE SPRINGS -- Emerson International based in Altamonte Springs, recently negotiated two long-term lease agreements totaling 1,150 rentable square feet at Sanlando Center II, 2180 W. State Road 434 in Longwood. 

Maitland-based property management firm Three R Corporation leased 650 square feet and Cohen & Jones Neuropsychology Services leased 500 square feet at Sanlando Center II.

At Centerpointe Office Park located near Cranes Roost Park and Uptown Altamonte at 370 CenterPointe Circle in Altamonte Springs, Edge Realty Advisors leased 845 square feet.

Zac Starkey, leasing associate negotiated all three transactions on behalf of the Landlord Emerson International. 

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K.

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

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

Lincoln Property Co. Brokers New 75,414-Square-Foot Lease at Suwanee, GA Industrial Space

  

 

Denton Shamburger

ATLANTA, GA (June 16, 2016) – Lincoln Property Company (Lincoln) has brokered a new 75,414-square-foot lease with Bionew USA Corp. at Horizon Creek Distribution Center, located in Suwanee, Georgia.

Denton Shamburger of Lincoln represented the landlord, Columbia Georgia Horizon Industrial, LLC, in the transaction and Will Grogan of Lavista Associates represented the tenant. This new lease brings the property to 100 percent occupancy.

“Horizon Creek Distribution Center offers some of the best-in-class industrial space located within the Southeast’s largest industrial submarket,” Shamburger said. “With this deal, Horizon Creek is now fully leased.”

Horizon Creek Distribution Center is a three-building, 482,984-square-foot industrial park located just outside of Atlanta. The property, built in 2006, is located in close proximity to I-85. The space features twelve dock-high doors and 30-foot clear ceiling heights.

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

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Fifield Realty Corp. Names Lindsey Senn and Matt Miller as Vice Presidents

Lindsey Senn

CHICAGO, IL (June 16, 2016) – Fifield Realty Corp., one of the nation’s leading multifamily developers, today announced that Lindsey Senn and Matt Miller have both been promoted to vice presidents of the firm.

“With projects taking us from Los Angeles to Austin and of course many in our hometown of Chicago, this is one of the most active and exciting times in Fifield’s history and it’s an honor to have such driven and esteemed individuals leading the way for us,” said Steve Fifield, president and CEO of Fifield Cos., parent company of Fifield Realty Corp. 

As a vice president at Fifield Realty Corp., Lindsey Senn will continue to focus on underwriting multifamily and office projects, as well as sourcing debt and equity financing. 

Since joining the company in 2013, Senn has also been involved in asset management, including the rapid lease-up of Fifield’s E2 luxury apartment development in Evanston, Ill., that was 80 percent leased just six months after opening. Today, one year after completion, the tower is 97 percent leased.

“Lindsey has a deep knowledge and understanding of economics and finance that belie her age, which I relate to as someone who also started in this business at a very young age, and has an equally deep interest in the meaning behind the math,” said Erin Spears, senior vice president of Fifield Cos.

Matt Miller

 “Her commitment to excellence has resulted in significant contributions to our team in a short time, and in turn, we are committed to her success as a real estate professional.” 

Senn is a graduate of the University of Wisconsin–Madison, where she earned a bachelor of business administration in real estate and urban land economics, and legal studies. Senn is a member of the Wisconsin Real Estate Alumni Association and Young Real Estate Professionals.

In his role as vice president at Fifield Realty Corp., Matt Miller’s primary responsibilities will continue to include underwriting and financing multifamily projects, as well as asset management for projects in Texas, Chicago and Los Angeles.

Prior to joining Fifield, Miller was a due diligence analyst for the Inland Real Estate Group of Companies, where he underwrote $1 billion of retail and office property acquisitions on behalf of non-traded REITs.

 He earned a Bachelor of Science in finance from the University of Illinois at Urbana–Champaign.

“Matt is another rising young professional on our team whose tenacity and expertise has helped Fifield Cos. grow,” said Fifield. “His ability to analyze and assess all of the complex elements of dealmaking also is critical to our team’s success, and I am happy to promote his growth.”

  

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

Lehia Franklin Acox, lfacox@taylorjohnson.com, (312) 267-4511

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

 www.fifieldco.com

L5 Investments Partnership Completes $11.35 Million Acquisition of 88-Unit Apartment Community in East Bay Submarket of San Francisco

Creekside Village Seniors Housing Community, Pittsburgh, CA

 San Francisco, CA, June 16, 2016 – A partnership between L5 Investments and Equity Consultants Real Estate has acquired Creekside Village, an 88-unit senior housing community in Pittsburgh, CA, a city within the East Bay submarket of San Francisco.

Built in 2003, the non rent-controlled property was acquired for $11.35 million (approximately $129,000 per unit) and was fully occupied at the close of escrow. 

Michael Flaherty

The partnership plans to add value to the asset in order to bring rents up to market rates by embarking on a $600,000 renovation strategy. 

Some of the major improvements include remodeling the leasing center, upgrading interior units, and improving landscaping and other exterior areas, in addition to improving operational functions in order to better cater to the needs of its senior residents.

“We believe Pittsburgh is an ideal Bay Area location for apartment investment due to lack of affordability within downtown San Francisco and other high demand East Bay markets – especially for 55-plus age-restricted communities,” said Michael Flaherty, founder and managing partner of L5  Investments, a Northern California-based multifamily investment firm.

“In addition to the value-add play, Creekside Village provided a number of attractive benefits as it is on the same street as a new BART station, and the property is one of just two age-restricted properties in the area.”

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

Darcie Giacchetto

949.278.6224

HFF arranges $28 million financing for newly-built multi-housing community in Emeryville, CA

3900 Adeline Apartments, Emeryville, CA

 

Bruce Ganong

SAN FRANCISCO, CA, June 16, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $28 million in financing for 3900 Adeline, a newly-built, 101-unit multi-housing community in Emeryville, California.

HFF worked on behalf of the borrower, Madison Park Financial Corporation, to place the 10-year, fixed-rate loan with Nationwide Real Estate Investments.

3900 Adeline is situated at the corner of Adeline and 39th Streets in the heart of the sought-after North Oakland/Berkeley/Emeryville neighborhood of San Francisco’s East Bay. 

The transit-oriented property is one block from the Emery Go-Round shuttle and offers nearby access to the MacArthur BART station, AC Transit regional bus service, Amtrak Capitol Corridor commuter train and Interstates 80, 580 and 880. 

The property is also convenient to multiple nearby retail amenities and employers in Emeryville, Oakland and downtown San Francisco (by way of BART train or by car). 

Completed in 2015, the four-building, three-story property has 101 units averaging 776 square feet each; 1,280 square feet of 100-percent-leased, ground-floor retail; and a 107-space, underground parking garage.  The property features a central courtyard, bike room, electric car charging stations and a community room with full kitchen.

The HFF team representing the borrower was led by senior managing director Bruce Ganong.

“The ability to generate competitive proposals from several life insurance companies so soon after completion of construction and lease up is a testament to the quality of the build, desirable core location and strong market fundamentals,” said Ganong.

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

Brian Peay Named Executive Vice President and Chief Financial Officer of American Healthcare Investors

Brian Peay

IRVINE, CA – American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, announced Brian Peay has joined the company as executive vice president and chief financial officer.

The boards of directors of Griffin-American Healthcare REIT III, Inc. and Griffin-American Healthcare REIT IV, Inc., which are co-sponsored and managed by American Healthcare Investors, have also appointed Peay to serve as their chief financial officer.

Peay joins American Healthcare Investors from Veritas Investments, Inc., a private real estate investment management company with more than $2 billion of assets under management, where he served as chief financial officer.

 While with Veritas, Peay was the principal financial executive with oversight of fund accounting, investor relations, and sourcing and structuring of debt, as well as financial planning, corporate budgeting, tax structuring and management of all accounting functions for the firm.

“Brian Peay is an important addition to our executive team, bringing with him more than 28 years of experience as a financial professional, including extensive experience in commercial real estate investment,” said Danny Prosky, a founding principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV.

“American Healthcare Investors is one of the largest managers of healthcare real estate in the nation with more than $8 billion in assets under management and one of the most successful sponsors of public non-traded REITs.

Danny Prosky

“The addition of an executive of Brian’s caliber and experience is a meaningful benefit to our company as we continue to grow and expand our platform. We couldn’t be more pleased to have him join our management team.”

Peay previously served in a series of management positions with Glenborough Realty Trust, Inc., a formerly New York Stock Exchange-listed REIT, ultimately as executive vice president and chief financial officer.

During his 15-year career with Glenborough, Peay was a member of a four-person executive management committee responsible for the strategic direction of the company. He also played an integral role in the sale of the company to Morgan Stanley Real Estate Fund V, after which it became known as Glenborough, LLC.

Peay began his professional career in 1988 with real estate public accounting firm Kenneth Leventhal & Company, which merged with Ernst & Young in 1995.

  

Peay received a bachelor’s degree in business economics from the University of California, Santa Barbara and earned a CPA designation from the state of California, which is currently inactive.

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

Damon Elder

SVP, Marketing & Communicatons

American Healthcare Investors, LLC

18191 Von Karman Ave., Third Floor

Irvine, California 92612

(949) 270-9207 direct

(714) 356-1460 mobile

delder@ahinvestors.com

www.AmericanHealthcareInvestors.com

www.HealthcareREIT4.com.

www.HealthcareREIT3.com.

Marcus & Millichap Arranges $4.44 Million Sale of 30-Unit Singer Island Hotel and Cottages on Singer Island, FL

Singer Island Hotel and Cottages, 1166 East Blue Heron Boulevard, Singer Island, FL

 

Derek R. Gibbs

SINGER ISLAND, FL,  June 16, 2016 – 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 Singer Island Hotel and Cottages, a 30-unit portfolio of five contiguous buildings on four parcels sitting on almost a full acre on Singer Island, Fla. The asset sold for $4,445,000.

Derek R. Gibbs and Daniel J. Cunningham, vice president investments in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller. The buyer, was secured and represented by Brian L. Rosen, a senior associate also in Marcus & Millichap’s Fort Lauderdale office. 

The property was built between 1952 and 1971 as a multi-family apartment and short-term rental complex and was later converted into a destination rehabilitation and recovery center. The unit mix includes 22 one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units and six studios.

Singer Island Hotel and Cottages is located at 1166 E Blue Heron Boulevard and is walking distance to the ocean and close to new retail and hospitality developments.

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

Ryan Nee

Vice President / Regional Manager, Fort Lauderdale, FL

(954) 245-3400