HFF closes $25.4 million sale of transit-oriented office building in Seattle’s north central business district

  

Broadacres Office Building, North Central Business District, Seattle, WA

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $25.4 million sale of Broadacres, a 123,108-square-foot, transit-oriented office building with ground floor retail space in Seattle’s north central business district.

Nicholas Kucha

HFF marketed the property with KG Investment Properties on behalf of the seller, Principal Real Estate Investors, and procured the buyer, LBA Realty. 

Broadacres is situated at 1601 2nd Avenue just two blocks from Sound Transit-King County Metro’s Westlake station; one block from Pike Place Market, a popular retail destination that attracts more than 10 million visitors annually; and four blocks from Amazon’s South Lake Union headquarters in downtown Seattle.

  With a history dating back to 1907, the 10-story property represents a rare value-add creative office redevelopment opportunity. 

The HFF investment sales team representing the seller was led by senior managing director Nicholas Kucha.

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.principal.com.

              

Partyka Group at NAI Realvest Represents International Investor in $1.6 Million Bank-Owned Sale at Airport Industrial Park in Sanford, FL

  

Paul Partyka

SANFORD, FL  – The Partyka Group at NAI Realvest recently closed on the $1.6 Million sale of 10 grade-level industrial buildings totaling 37,800 square feet at 3650-3735 Delphini Park Lane, just north of the Orlando Sanford International Airport.

Paul P. Partyka and Juan Jimenez negotiated the transaction representing the buyer, AIM 786, LLC, a client from Dubai.  

The industrial buildings range from 3,000 to 6,000 square feet and are situated on three fenced acres at the Airport Industrial Park. 

“The property was bank-owned and represented a great investment for our international client and we will start marketing very aggressively for tenants,” Partyka said. 

The seller, Pittsburgh, Pa. based Land Holding, LLC was represented in the transaction by Lawson Dann of Avison Young.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142  

Kiser Group Brokers 15 Multifamily Transactions in Chicago Area Totaling $14.88 Million

                                                                         

Lee Kiser

 CHICAGO, IL – Chicago-based Kiser Group, a boutique multifamily brokerage firm specializing in mid-market properties, announced it has recently brokered 15 multifamily sales totaling $14.88 million throughout Chicago and adjacent suburbs.

The largest transaction, valued at $4.3 million, was the sale of 18 condominiums in a 20-unit building in Chicago’s Uptown neighborhood.

Other notable sales include a 34-unit vintage apartment building in Cicero, Ill.; and, in Chicago, a 36-unit building in Woodlawn, a five-unit building in Hyde Park and a nine-unit building in Ukrainian Village.

“Mid-market multifamily properties saw a surge of investor interest over the summer from a tighter flow of available inventory simultaneous with an increase in investor demand, and we anticipate the trend will continue throughout 2016,” said Lee Kiser, principal and managing broker of Kiser Group.

“With so many millennials and empty nesters opting to rent, and the return on investment for apartments far exceeding that of condos, developers and investors are seeking high-quality rental buildings to boost the performance of their portfolios.”

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

Cara Mooses, cmooses@taylorjohnson.com, (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Anantara Vacation Club Announces Eight New Timeshare Destinations

  

Melanie Smith

  

BANGKOK, THAILAND -- Anantara Vacation Club, Asia's leading luxury shared ownership concept for discerning travellers, is pleased to present eligible Club Points Owners and their guests with eight new destinations across Europe, Australia and Southeast Asia.

 Anantara Vacation Club’s flexible Club Escapes Programme provides eligible Club Points Owners preferred access to a growing number of branded properties around the world.

River of Kings, Riverside Bangkok, New Club Destination

“Eligible Club Points Owners can now take advantage of an ever-growing selection of properties that offer the certainty of comfort in sought-after destinations,” said Melanie Smith, Vice President, Club Operations for Anantara Vacation Club.

“Club Points Owners will enjoy high-value accommodations, varied amenities and the opportunity to enjoy a memorable array of local experiences.  

"From romantic retreats to fun-filled family destinations –Anantara Vacation Club continues to offer an expanding portfolio of properties.

Anantara Vacation Club at Riverside Bangkok is an exclusive new Club destination on the west bank of the Chao Phraya River, known as the River of Kings. The location enjoys convenient access to a number of sought-after attractions, including Bangkok’s bustling central business district, picturesque Buddhist temples, scenic daytime and evening river cruises and Asiatique the Riverfront, the city’s premier outdoor night bazaar.

River of Kings, Bangkok, Thailand

Club Points Owners can choose from two luxurious options located adjacent to each other in this destination: Anantara Riverside Bangkok Resort and AVANI Riverside Bangkok Hotel. 

Both properties offer a state-of-the-art fitness centre and selection of restaurants and lounges, while AVANI Riverside Bangkok Hotel features a rooftop swimming pool and Anantara Riverside Bangkok Resort provides access to an outdoor swimming pool.

 In addition, Anantara Vacation Club has added seven new international destinations through its Club Escapes Programme - offering Club Points Owners greater choice and flexibility in planning their vacations.

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

Hwee Peng Yeo, Glodow Nead Communications

hweepeng@glodownead.com

+65 (0) 9768 6087

Pre-leasing Underway at Aurora St. Charles Senior Living as $24 Million Redevelopment Nears Completion in Downtown Aurora, IL

  

Aurora St. Charles Senior Living Facility, 400 East New York Street,  Downtown Aurora, IL

CHICAGO, IL – Evergreen Real Estate Group, a leader in the development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced the start of pre-leasing at Aurora St. Charles Senior Living, a 60-unit independent living facility in downtown Aurora, Ill.

 Formerly St. Charles Hospital, the historic Art Deco building is being converted to modern senior housing as part of a $24 million redevelopment that began in February 2016. First move-ins are scheduled for December.

David Block

“Even after the former hospital sat vacant for five years, the people of Aurora never lost sight of its potential, presenting us with an opportunity to work alongside city and state officials to preserve a local landmark while creating much-needed housing for area seniors,” said David Block, director of development for Evergreen Real Estate Group, which will also manage the community.

“Through thoughtful renovations, we were able to restore this extraordinary building and transform it into a vibrant residential community with all of the amenities and services today’s seniors desire in a home.”

Located at 400 E. New York St., Aurora St. Charles Senior Living offers a mix of studio, one- and two-bedroom floorplans, all with spacious living/dining areas and open kitchens. The community’s renovated interiors showcase a number of original design features, including terrazzo and stone floors in common areas, oversized windows in each residence and 9-foot ceilings throughout the building. 

When complete, the property will also feature several shared amenity spaces, including a large community room in the hospital’s former chapel that will house a library/reading room and separate computer area. Outside, walking paths and community gardens will provide additional opportunities for exercise and socialization.

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528 

Kass Management Services Expands Chicago-Area Apartment Portfolio

Mark Durakovic

CHICAGO, IL — Chicago-based Kass Management Services, a third-party property management firm, announces it has been retained by New York-based Property Management Group (PMG) to manage seven market-rate properties comprising 308 units in Chicago and surrounding suburbs.

The assignment, which includes the recently opened L development in Logan Square, adds to Kass Management’s already expansive portfolio, which includes nearly 9,500 residential units and 600,000 square feet of commercial space throughout the Chicago area.

“In encompassing buildings of all sizes, and in a variety of locations, this portfolio truly speaks to our capabilities as a property manager,” said Mark Durakovic, principal of Kass Management Services.

“We are excited about our partnership with PMG and look forward to introducing residents of each community to the highly personalized service that has made us one of Chicago’s preeminent management companies.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Baird & Warner Good Will Network Donates $100,000 to Chicagoland Charities

 

Jennifer Alter Warden

CHICAGO, IL — Baird & Warner, Chicagoland’s largest locally owned independent residential real estate services company, announced its charitable arm, the Good Will Network, is donating $100,000 through 10 grants in the amount of $10,000 each to Chicagoland nonprofit agencies focusing primarily on serving those impacted by homelessness.

The 10 winning charities were selected through an online campaign that generated thousands of votes from people across Illinois.

“Neighbors helping neighbors is a core value that Baird & Warner strives to demonstrate every day, and this campaign embodies that philanthropic spirit,” said Jennifer Alter Warden, chief operating officer and executive vice president of Baird & Warner. “By engaging our employees and our communities, we can support local organizations that share the good and help those in need.”

The grant winners were selected as part of an online campaign aptly named #ShareTheGood, which began with the nomination of charities by Baird & Warner’s broker associates, loan officers and employees. Throughout September, the public cast online votes for the nominees, rewarding the 10 charities with the most votes. 

 The winning nonprofits provide an array of services to Chicagoland communities, from food and safe housing to shelter and employment assistance. The following organizations will receive a $10,000 grant from the Baird & Warner Good Will Network:

·     360 Youth Services 

·     Almost Home Kids 

·     Bridge Communities 

·     Community Crisis Center 

·     Hesed House

·     Family Promise North Shore

·     Family Shelter Service

·     PADS Lake County

·     Realtors Against Homelessness

·     Turning Pointe Autism Foundation

Baird & Warner Good Will  Network Volunteers

 “The people whom these organizations serve face extraordinarily difficult circumstances and need the community’s help,” said Warden. “Baird & Warner’s mantra is to make things easier, and we’re proud to alleviate some of the challenges people face by contributing to these exceptional organizations.”

Since its creation in 2002, Baird & Warner’s Good Will Network has donated more than $2 million in grants to Chicagoland nonprofit organizations with a focus on shelters and homelessness, particularly for women and children. Broker associates, loan officers and employees have also volunteered thousands of hours to these charities.

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

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

www.BairdWarner.com