Pollack Shores Details Plans for New Apartments at The Battery Atlanta in Atlanta, GA

   

 

Steven Shores

ATLANTA, GA (Sept. 28, 2016) – Pollack Shores has announced details for “Home at the Battery Atlanta,” the modern new apartments at The Battery Atlanta, the vibrant mixed-use community anchoring SunTrust Park.

The three unique properties will offer a mix of residential options to accommodate any lifestyle with fine dining, specialty shopping and the new home of the Atlanta Braves just steps away.

Located adjacent to the highly anticipated SunTrust Park and opening to residents March 2017, Home at The Battery Atlanta includes three residential communities: The Residences, The Flats and Parkside.

These pet-friendly communities will offer one- and two-bedroom floor plans, outfitted with modern fixtures, stainless steel appliances, open kitchens, quartz countertops, hardwood-style flooring and walk-in closets. 

Residents will have the option of three contemporary designer finish palettes. Each of the properties will have special game day events and top-notch resident affairs.

Parkside will feature 211 residences on the main street in the heart of The Battery Atlanta and directly adjacent to SunTrust Park it’s central plaza. 

The Battery Atlanta Rendering

Parkside will offer residents access to an exclusive clubhouse with unmatched views of the ballpark, a modern pool with sun shelf and lounge seating and a stately lounge and entertainment center featuring billiards and shuffleboard.

The Residences include 81 expansive, sophisticated apartments overlooking the terrace and streetscape in the epicenter of The Battery Atlanta. Residents can enjoy a rooftop bar and lounge with a TV gallery and wrap-around balcony with views of SunTrust Park.

The Flats include 239 residences located in the shopping district of The Battery Atlanta just steps away from upscale shopping and dining experiences. At The Flats, residents have access to a modern pool and clubhouse featuring an entertainment center with a viewing bar, billiards, a gourmet kitchen, a fireplace and a cyber café.

The Battery Atlanta Rendering

“Home at the Battery Atlanta will offer an energized living experience with top-of-the-line residences and unmatched shopping and entertainment right outside your door,” said Steven Shores, president and co-founder of Pollack Shores.

“We’ve created this unique opportunity to not only tailgate from your patio, but also enjoy other qualities residents look for like walking and biking trails and easy access to major highways. It’s a truly unique residential mix with something for everyone.”

The Battery Atlanta features an Omni Hotel, The Coca-Cola Roxy Theatre, a variety of chef-driven restaurants and more than 700,000 square feet of retail and office space.

The Battery Atlanta Rendering
Adjacent to Atlanta Braves' Suntrust Park

In addition, The Battery Atlanta will be home to One Ballpark Center, Comcast’s regional office headquarters housing its Innovation Lab. 

A pedestrian bridge will connect The Battery Atlanta to nearby Cobb Galleria and the property sits at the corner of Interstates 75 and 285, allowing for easy access to and from anywhere in Atlanta.

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

                   

Liana Moran

The Wilbert Group

404-748-1367 (O) 770-905-9915 (C)

lmoran@thewilbertgroup.com

www.homeatthebatteryatl.com.

www.pollackshores.com.

New Lease at Lincoln-Managed Lakeside at Peachtree Corners Brings 5250 Triangle Parkway Building to 100 Percent Leased

  

 

Matt Davis

 ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has brokered one new office lease and one lease renewal at Lakeside at Peachtree Corners, an office complex located in Peachtree Corners, Georgia. Matt Davis of Lincoln represented the landlord, The Ardent Companies, in the transactions.

Ansco & Associates signed a new, five-year lease for 30,903 square feet, and Kevin Creel of CRESA represented the tenant. The lease brings the building, located at 5250 Triangle Parkway, to 100 percent leased, and comes on the heels of Stericycle’s new 19,166-square-foot lease, which was announced in June.

In addition to the new lease, Lincoln also secured a 35,607-square-foot lease renewal for Comverge in the 5390 Triangle Parkway building.

“Thanks to its prime location and easy access to major interstates, Lakeside at Peachtree Corners keeps bringing in quality tenants,” Davis said. “With two of the three buildings fully leased and the other building offering top-notch amenities, we believe momentum will continue across the complex.”

Lakeside at Peachtree Corners is a three-building, 181,407-square-foot Class B office complex located in the Peachtree Corners submarket in northeast Atlanta. In total, the property is now 88 percent leased. The office complex is located within walking distance of The Forum shopping center, and features easy access to an impressive and expanding amenity base.

For more information on the Southeast Region of Lincoln Property Company, please visit www.lpcsoutheast.com

 To check out the blog, go to www.lpcsoutheast.com/blog.

 

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

                   

Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

HFF secures financing for 370-unit multi-housing community in Cypress, TX

Cortney Cole

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Coles Crossing, a 370-unit, Class A, garden-style multi-housing community in the northwest Houston suburb of Cypress, Texas.

Working exclusively on behalf of the borrower, Venterra Realty (Venterra), HFF placed fixed-rate acquisition financing through a life company correspondent lender. 

 The loan is for a term of seven years and provides for two, one-year extensions at Venterra’s election. 

The interest rate is 3.21 percent for the initial seven-year term and includes three years of interest-only payments followed by a 30-year amortization. 

 The loan is subject to an initial period of yield maintenance followed by a fixed, declining prepayment schedule.

Coles Crossing is situated on 34.5 acres at 12500 Barker Cypress Road just north of Highway 290 in Cypress.  The property is approximately 26 miles northwest of Houston’s central business district and features one-, two- and three-bedroom floor plans ranging from 678 to 1,376 square feet. 

Community amenities include a swimming pool, playground, fitness center, clubhouse, detached garages and gated access.  The property is 94 percent occupied.

The HFF debt placement team representing Venterra was led by managing director Cortney Cole.

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

krmurphy@hfflp.com

HFF arranges refinancing for Jefferson Plaza in Arlington, VA

Jefferson Plaza, 1401 South Clark Street, Crystal City Submarket,
 Arlington, VA

Cary Abod

WASHINGTON, DC, Sept. 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged refinancing for Jefferson Plaza, a 270,286-square-foot office building located at 1401 S. Clark Street in the Crystal City submarket of Arlington, Virginia.

HFF worked on behalf of an affiliate of Lowe Enterprises Investors to place the floating-rate loan with Square Mile Capital.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

With common areas renovated in 2013 and 2016, Jefferson Plaza is an institutional-quality office building in Crystal City offering tenants a full amenity package including a fitness center, conference center and on-site café.

 Located in the heart of Crystal City, Jefferson Plaza has direct access to the D.C. Metrorail system and is less than a half-mile from Ronald Reagan National Airport, two miles from the Pentagon and less than three miles from downtown Washington, D.C. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

“As the Crystal City submarket continues to recover from BRAC and sequestration, Jefferson Plaza is positioned to benefit from increased leasing velocity,” said Abod.  “Jefferson Plaza offers tenants first-class build-outs and best-in-class amenities at competitive rates.”

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

krmurphy@hfflp.com

www.loweenterprises.com

Marcus & Millichap Brokers Sale 83,400-SF Patriot Self Storage of Bobcat Trail in North Port, FL

Patriot Self Storage of Bobcat Trail, North Port, FL

Michael A. Mele

NORTH PORT, FL -- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Patriot Self Storage of Bobcat Trail, an 83,400 rentable square foot, self-storage facility located in North Port, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.

Michael A. Mele, senior vice president investments, and Luke Elliott, associate vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Mele and Luke Elliott.

“This was a Class A asset in a tertiary market that the developers had done a phenomenal job with. The buyer pool encompassed regional and national groups,” says Elliott.

Patriot Self Storage of Bobcat Trail is located at 2245 Bobcat Village Center Road in North Port, Florida, offering 818 units among 83,400 rentable square feet and 103,990 gross square feet.

 The facility is situated in a densely residential area with many national retailers in the vicinity and is near Interstate 75. The North Port-Sarasota-Bradenton Metropolitan Statistical Area is currently experiencing one of the highest domestic migration growth rates in the country. North Port comprises the highest land mass and population in the MSA.

“This sale proves the market is still very strong for quality self-storage assets,” adds Mele.

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

                   

Ari Ravi

Regional Manager

Tampa, FL

(813) 387-4700

Marcus & Millichap Arranges $1 Million Sale of 24-Unit Woodland Bend Apartments in Ocala, FL

Jason Hague

OCALA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Woodland Bend Apartments, a 24-unit apartment property located in Ocala, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,050,000.

Jason Hague, associate, Nicholas Meoli and Michael Donaldson, both vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, an individual/personal trust, was secured and represented by Hague, Donaldson and Meoli. 

Woodland Bend Apartments is a 24-unit, garden-style community located at 720 Northeast 30th Avenue in Ocala, Florida. The property is made up of five buildings in total that sit on approximately 1.91 acres.

The unit mix consists of 24 two-bedroom/one-bathroom units which are approximately 900 rentable square feet in size. Woodland Bend Apartments is situated one block north of East Silver Springs Boulevard, a major thoroughfare which sees over 25,000 cars daily.

 

Nicholas Meoli

“After one month of marketing Woodland Bend through our proprietary national platform, our team was able to generate five offers,” says Hague. “We ultimately closed on an all cash basis with an investor who was in a 1031 exchange.”

“Due to the high amount of activity that we received, we were able to guide the buyer to a quick 21-day closing in order to keep their offer competitive. 

"This transaction is a true indication of how active the current multifamily market is, even in tertiary markets such as Ocala,” concludes Hague.

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

                   

Ari Ravi

Regional Manager

Tampa, FL

(813) 387-4700

Parallon East Florida Supply Chain Services Expands to 96,000 SF of Space at Miramar Park of Commerce in Miramar, FL

Lauren Pace

MIRAMAR, FL -- Central Shared Services, LLC d/b/a Parallon East Florida Supply Chain Services, recently expanded to 96,238 sq. ft. of space at 10094 Premier Parkway in the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida.

Parallon East Florida Supply Chain Services is a provider of medical and surgical supplies for HCA East Florida, a network of more than 30 healthcare facilities across South Florida and an affiliate of Hospital Corporation of America (HCA).

From the Park, Parallon East Florida Supply Chain Services distributes medical supplies to HCA East Florida's fourteen affiliated hospitals, twelve surgery centers, four free-standing emergency care complexes, two open imaging centers and one integrated regional laboratory. 

The company expanded its space by approximately 20,000 sq. ft. to begin the distribution of consolidated pharmacy supplies to these facilities.

"The Miramar Park of Commerce is ideal due to its close proximity to the facilities we serve," said Chief Operating Officer Tim Piper of Parallon East Florida Supply Chain Services. "We have convenient access to major roads and highways, which easily connects us with our clients from the Treasure Coast to South Miami-Dade County."

Maridee Bell

Parallon East Florida Supply Chain Services currently employs 65 at its location in the Miramar Park of Commerce. With the expansion, the company plans to hire an additional 10 employees.

"In addition to a strategic location, Parallon benefits from the Park's flexibility - there aren't many commercial real estate providers that can expand and contract space to meet the needs of tenants as they change over time," said Maridee Bell, vice president of Sunbeam Properties & Development, developer of the Miramar Park of Commerce.

"This is Parallon's second expansion in the Park. The company has grown to such an extent that they're approaching 100,000 sq. ft. 

"Not only do we have the capacity to house such large-scale tenants, but we have the means to accommodate this growth without moving the tenant to a new location."

In the transaction, Parallon East Florida Supply Chain Services was represented by Tony Martin of TMG Realty Advisors and the Park was represented by Bell and Lauren Pace of Sunbeam Properties & Development.

Coinciding with Parallon East Florida Supply Chain Services' expansion at the Miramar Park of Commerce is HCA East Florida's planned capital investment initiative, which will invest approximately $650 million in healthcare facilities in Miami-Dade, Broward, Palm Beach and St. Lucie counties.

The initiative includes building new facilities and expanding and improving existing healthcare facilities within the East Florida market over the next three years.

The largest health system from the Treasure Coast to Miami-Dade County, HCA East Florida employs more than 16,500 individuals with more than 6,000 physicians on staff, creating an economic impact of more than $2 billion. 

HCA East Florida has the largest emergency room network and the most trauma centers in the area. HCA East Florida hospitals provide $290 million in healthcare services to those unable to pay for their care.

For more information, contact Lauren Pace (lpace@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

 

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

Lexi Robinson

954-776-1999, ext. 255

lrobinson@piersongrant.com

Prime Location Attracts National Title Insurance Company to Camelback Road in Phoenix, AZ

WFG National Title Insurance Co. Offices, 2777 East Camelback Road, Phoenix, AZ

Chris Latvaaho

PHOENIX, AZ. – A prime location in the heart of the Camelback Corridor has attracted WFG National Title Insurance Company (WFG) to a new lease at 2777 E. Camelback Rd.

Leased by the Phoenix office of JLL, the new location provides WFG with direct exposure to Camelback Road in a contemporary, highly amenitized office environment.

JLL Vice President Chris Latvaaho, Managing Director John Bonnell and Senior Vice President Brett Abramson represented property owner DRA Advisors/Fountainhead Equity Partners.

Michael Stone of The Stone Group represented WFG, a national provider of premium title insurance and settlement services to the real estate and mortgage industry. As of Q1 2016, WFG was the fastest growing national title underwriter and the nation’s sixth largest provider of title insurance.

“2777 is perfect for forward-thinking companies like WFG who are looking for unique, modern, flexible space that differentiates itself from the submarket’s mega office complexes and towers,” said Latvaaho. “With this property, tenants get a one-of-a-kind infill location without compromising environment, infrastructure or amenities.”

John Bonnell

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, in the heart of the prestigious Camelback Corridor.

The building offers 36,000-square-foot floorplates, with contemporary features including 13-foot ceilings, raw concrete open space, a shared tenant conference room and surface and two-level underground parking.

“With their directive to ‘communicate, collaborate, coexist,’ WFG is a major national brand focused on changing the way traditional mortgage and real estate transactions are done,” said Fountainhead Equity Partners President Art Cunningham.

“This space will support them in those goals, with flexible floorplates for more efficient operations, direct Camelback Road exposure for their growing brand and top-notch amenities to help them attract and retain the best talent.”

In addition to offering 16 restaurants within walking distance, 2777 is only blocks from Biltmore Fashion park, less than 1.5 miles from State Route 51 and a quick drive to Sky Harbor International Airport.

Additional building amenities include views of Camelback Mountain and Piestewa Peak, on-site owner/management and security, and unmatched signage opportunities.

Brett Abramson

WFG will relocate from 1420 E. Missouri Ave. in Phoenix into 6,058 square feet on the ground floor at the 2777 building in November. It joins current building tenants UMB Bank, The Lavidge Company and Hill International and Avison Young.

JLL continues to market space at 2777 E. Camelback. Available suites range from 1,997 square feet to 28,728 square feet.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

RAF Pacifica Group Announces New Ground-Up Development of Four-Building, 212,000-SF Creative Industrial Campus in California

Rendering of Planned Industrial Campus Building

SAN DIEGO, CA  (Sept. 28, 2016) – On the heels of its recent development activity in the Carlsbad submarket of San Diego, RAF Pacifica Group has acquired 15.65 acres of land in San Marcos, on which the firm plans to build a four-building, creative industrial campus totaling 212,000 square feet, according to Adam Robinson, Principal of RAF Pacifica Group. This is the firm’s first ground-up spec industrial development in San Marcos.

Adam Robinson

The development site is located at the intersection of Bostick Boulevard and Norman Strasse Road in San Marcos, California. Located in the heart of the 78-Corridor, pro•duc•tion offers access to the I-5, I-15, and Highway 78 for transportation.

Mike Erwin and Tucker Hohenstein of Colliers International represented RAF Pacifica Group as the buyer in the transaction. Adam Molnar and Greg Lewis of CBRE represented the seller.

pro•duc•tion is slated to break ground in the first quarter of 2017.

  

“Very little industrial product has been built during the last cycle in San Diego’s North County market,” says Robinson. 

“As an active developer with over one million square feet of new ground-up product underway in San Diego, we are the first to bring a truly innovative Creative Industrial™ product to San Marcos, with features such as floor-to-ceiling glass entryways, indoor/outdoor amenity areas, and modern finishes. In doing so, we are reimagining the industrial workplace and delivering a work/play environment like no other in the market.”

The firm’s planned development, “pro•duc•tion,” will be a sprawling creative industrial campus, with spaces ranging from 34,000 to 90,000 square feet, designed with the flexibility to expand or shrink as needed to support tenants throughout their business cycles.

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

Katie Kea / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com