HFF closes $30 million sale of ShopRite at Bay Shore, Long Island, NY

ShopRite at Bay Shore, 1905 Sunrise Highway, Long Island, NY

Jeffrey Julien

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $30 million sale of ShopRite at Bay Shore, a 60,000-square-foot, single-tenant retail grocery property 100 percent leased to ShopRite in Bay Shore, Long Island.  

HFF marketed the property on behalf of the seller, G&S Investors.  A joint venture partnership between Mattone Group LLC and Gartenstein Properties purchased the asset free and clear of existing debt.

The ShopRite at Bay Shore building is triple-net leased to ShopRite, the largest retailer-owned cooperative in the United States, and is proximate to notable national tenants, including The Home Depot, Pier 1 Imports, Best Buy, Petco and Toys"R"Us. 

The property is situated on 10 acres at 1905 Sunrise Highway on one of Long Island’s most highly-traveled highways with daily traffic counts of approximately 80,000 vehicles per day. The three-mile radius surrounding the property is home to more than 119,000 residents with an average household income of approximately $100,000.

The HFF investment sales team representing the seller was led by managing director Jeffrey Julien and senior managing director Jose Cruz.

For a complete copy or 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.mattonegroup.com

http://gsinvestors.com.

HFF arranges refinancing for 1400 Crystal Drive in Arlington, VA

1400 Crystal Drive, Crystal City submarket of Arlington, VA

Cary Abod

 WASHINGTON, D.C. – September 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged refinancing for 1400 Crystal Drive, a newly-renovated, 308,898-square-foot, trophy office building 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 KKR Financial.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

Renovated in 2013, 1400 Crystal is the premier office building in Crystal City offering 30’ x 30’ column spacing for open plan buildouts, and floor-to-ceiling glass providing expansive views of Washington, D.C. and the Potomac River.

 Tenants enjoy a full amenity package including a fitness center, rooftop terrace, conference center and a club room with flat screen TVs, a foosball table and various electronic games.

 Located in the heart of Crystal City, 1400 Crystal 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.

“The borrower has signed leases with 11 tenants since completing the renovation, including seven different association groups and a host of private-sector businesses,” said Abod.  “Tenants have elected to lease at 1400 Crystal for the features that make it the top building in Crystal City: best-in-class tenant build-outs, unrivaled views and the array of amenities.”

For a complete copy or 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

WoodSpring Suites Signs Franchise Agreement for Sacramento, CA

Ron Burgett

Sacramento, CA — WoodSpring Hotels, the nation’s fastest growing, extended-stay hotel brand, has entered into an agreement with local hotel developer Northgate Investment Group, LLC, to develop a WoodSpring Suites in Sacramento, Calif., near the Natomas area.

The California-based developers will build a new prototype 123-unit WoodSpring Suites in Sacramento.  The projected opening date is late 2017. 

This franchised location will mark the brand’s second prototypical build in the state of California with multiple other sites in the pipeline.

“WoodSpring is a great fit for us.  Our focus is to develop, own and operate hotel assets in the greater Sacramento area,” said a partner at Northgate Investment Group, LLC. “WoodSpring Hotels has a very simple, but precise, operating model that we like, and combined with WoodSpring’s franchise support system and its above average NOI percentage, we felt this brand was the right choice for us.” 

“Northgate Investment Group is a highly engaged hotel owner and operator ready to develop the WoodSpring Suites brand in Sacramento. They are a great example of an owner/operator franchisee that will fit well into our family of franchisees, and we are excited to partner with them,” said Ron Burgett, EVP of franchise development and operations for WoodSpring Hotels.

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

Chris Daly

President

Daly Gray Public relations Inc.

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

Paul P. Partyka elected to Board of Directors of New Hope for Kids in Maitland, FL

  

 

Paul P. Partyka

Maitland, FL – Paul P. Partyka, founder of The Partyka Group, a partner at Orlando-based NAI Realvest, and former Winter Springs Mayor, was recently elected to the Board of Directors for New Hope For Kids, a Maitland-based 501(c)(3) organization.  

New Hope for Kids has been helping Central Florida children in need since 1996 through its programs that bring hope, healing and happiness to children and families suffering from grief, loss or life threatening illnesses.

Partyka, who has been recognized for many professional and community leadership roles in Central Florida for decades, will help promote the organization and its efforts which are funded through donations by individuals, corporations, foundations and community service organizations. 

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

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

Pulte Homes Exceeds Goal, Raises $76,350 for The Children’s Home in Tampa, FL

Presenting the check with vendors and trade partner sponsors of the first annual Building to Make Lives Better Golf tournament hosted by Pulte Homes at Avila Golf & Country Club in Tampa are:

(L to R) Sean Strickler, president/West Florida Division of Pulte Homes; Irene Rickus, president/CEO, The Children's Home; Johnny Migliacci, director of National Accounts for Rosen Materials (a platinum sponsor); Angela Phillian, president of Angela Drywall; Jim Phillips, general manager for Rosen Materials; Mario Correa, field manager of Direct Cabinet Sales.

Sean Strickler

TAMPA, FL  --- The first annual Tampa Building to Make Lives Better Golf Tournament hosted by Pulte Homes at Avila Golf & Country Club raised $76,350 for The Children’s Home exceeding a goal of $50,000.

Sean Strickler, division president for Pulte Homes in the West Florida division, said the tournament was a sell out, they had 100 players registered even two weeks before the tournament. 

          

The proceeds, according to Strickler, will help fund The Pulte Promise, a program aimed at restructuring the vocational building for the older children for continued learning, as well as supporting the maternity ward on campus.

“All of us at Pulte Homes are proud and excited to be partnered with The Children’s Home,” Strickler said. 

“The enormous effort on the part of generous donors and contributors to this event is moving, and we are pleased to join hands with the entire Tampa community to assist these very deserving at-risk children and families through this incredible charity,” Strickler continued.

The Children’s Home in Tampa is a child and family-centered organization that is positioned to care for struggling families and children seeking the comfort of a loving family. Over the years, The Children’s Home has helped more than 6,000 children realize their dream of a family, and it has cared for more than 25,000 children in the Tampa Bay community.

At Avila Golf & Country Club, players in the Building To Make Lives Better Golf Tournament experienced the beautiful Jack Nicklaus-designed golf course and received gift bags courtesy of multiple donors, breakfast, lunch, and light refreshments and snacks throughout the tournament day.

For information about donating, please contact (813) 964-5110 or www.westfloridaevents@pultegroup.com

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

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

NAI Realvest Completes Three Industrial Leases in Altamonte Springs, FL and Office Lease in Casselberry, FL

  

 

Jeff Bloom

ORLANDO, FL --- NAI Realvest recently completed three lease agreements totaling 4,250 rentable square feet of industrial space at the Sunshine Lane industrial facility off Forest City Rd. and SR 434 in Altamonte Springs.  

Jeff Bloom, CCIM vice president at NAI Realvest, brokered the three transactions representing the Landlord Mesar, LLC of Orlando and the local tenants – Twilight Teeth who leased 1,500 square feet; Central Florida Solar who leased 1,250 square feet, and Gutter Helmet of Central Florida, Inc. who renewed the lease for 1,500 square feet. 

At Wilshire Plaza, 178 Wilshire Blvd. in Casselberry, NAI Realvest Vice President Mary Frances West, CCIM and Principal Tom R. Kelley, II, CCIM, brokered the lease of 2,121 square feet of office space representing the new tenant, Advanced Foot & Ankle LLC of Winter Garden and the landlord, Wilshire Plaza, LLC of Winter Park.

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

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