HFF arranges $29.5 million in construction financing for Long Island, NY active adult development

The Vineyards at Blue Point Condominiums, Phase 2, Blue Point, Long Island, NY

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in construction financing for Phase II of The Vineyards at Blue Point, an active adult condominium community (age 55+) in Blue Point (Long Island), New York.

Working exclusively on behalf of Ornstein Leyton Company (OLC) and Latus Partners, HFF arranged the construction loan with Bank of the Ozarks.

Evan Pariser

HFF has significant history with the project.  The firm first assisted OLC in arranging the relationship with Latus Partners and securing initial land acquisition financing. 

 HFF then aided the developers in securing construction financing for the development of Phase I of the community, which totals 74 units and includes the clubhouse, model units and the entry gatehouse.  Phase II will comprise an additional 84 units.

The Vineyards at Blue Point is located on a 65-acre site on the south side of Sunrise Highway close to the south shore beaches of Long Island and Great South Bay in Blue Point.  Upon completion, the 280-unit project will encompass 44 buildings with townhomes and single-level flats.

 The units will all be two-bedroom/two-bath with nine-foot ceilings, oversized master bathrooms, in-unit washer/dryers and attached garages.  Community amenities include a heated outdoor swimming pool and bocce court along with the Vineyards Club, which houses a fitness center, numerous social rooms and lounge space.

The HFF team representing the developer was led by senior managing director Evan Pariser.

 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 | hfflp.com

ohennessey@hfflp.com

www.bankozarks.com.

HFF closes sale of 3 multi-housing properties in Georgia and Tennessee

ALARA River Oaks Apartments, Franklin, TN

Jason Nettles

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of three southeastern U.S. multi-housing properties totaling 816 units: ALARA North Point and ALARA Park Bridge in Alpharetta, Georgia, and ALARA River Oaks in Franklin, Tennessee.

HFF marketed the properties on behalf of the seller, American Realty Advisors.  The assets were sold in three separate transactions to separate buyers.  ALARA North Point sold to Greystar, ALARA Park Bridge sold to Stockbridge Capital Group and ALARA River Oaks to TH Real Estate, a division of TIAA Global Asset Management.

The three, garden-style assets, which are located in two of the Southeast’s leading submarkets, have an overall occupancy of 94 percent.  ALARA North Point comprises 264 units and is located at 900 Jameson Pass in the Atlanta suburb of Alpharetta, approximately 25 miles northeast of downtown.

 The 352-unit ALARA Park Bridge is situated 4.3 miles northeast of ALARA North Point at 15000 Parkview Lane.  ALARA River Oaks consists of 200 units situated on a 34.4-acre site at 1000 Champions Circle in Franklin, Tennessee, to the south of Nashville’s central business district.  Each of the properties offer a full amenity package featuring resort-style swimming pools, grilling areas, fitness centers, pet parks, expansive clubhouses and business centers.

The HFF investment sales team representing the seller was led by senior managing director Jason Nettles and director Megan Thompson.

“Record-setting job growth, population gains, company relocations and cultural buzz define both the Atlanta and Nashville markets,” said Nettles.  “As a result, the properties are well-positioned for long-term asset value preservation due to their strategic location in two of the country’s fastest growing metropolitan areas.”

Megan Thompson

 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 | hfflp.com

ohennessey@hfflp.com

www.americanreal.com.

www.threalestate.com

www.greystar.com

HFF closes $94.35 million sale and arranges $42.4 million financing for creative office campus anchoring Portland’s South CBD

Park Square Campus, South Central Business District, Portland, OR

Nicholas Kucha

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $94.35 million sale and arranged $42.4 million in financing for Park Square Campus, a 295,767-square-foot, two-building creative office campus that anchors Portland’s South CBD.

HFF marketed the property on behalf of New York-based Clarion Partners, LLC, acting as an advisor to a separate account client.  A separate account client advised by CBRE Global Investors purchased the asset and was assisted by HFF in securing a fixed-rate acquisition loan through Deutsche Bank.

Originally built in 1969 and 1983, Park Square Campus’ two mid-rise towers were converted in 2015 into creative office buildings that integrate indoor and outdoor amenity space for work and play. 

Property amenities include the communal Great Room, an abundance of natural light, outdoor dining spaces with fire pits, showers, lockers and bicycle storage.  

Situated on 1.75 acres at 100 SW Market in downtown Portland, Park Square Campus boasts a Walk Score© of 94, a Bike Score© of 91 and a Transit Score© of 94.  Additionally, the 97.5-percent-leased property has been awarded an Energy Star rating of 100.

The HFF investment sales team representing the sellers was led by senior managing directors Nick Kucha and Michael Leggett.

HFF’s debt placement team was led by managing director Casey Davidson.

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 | hfflp.com

ohennessey@hfflp.com

www.cbreglobalinvestors.com.

www.clarionpartners.com.

Cohen Commercial Realty Brokers Leases for Storm Team Construction and Scoot-N-Around Scooter Rentals in Jupiter, FL

Bryan S. Cohen

JUPITER, FL  — Bryan S. Cohen, Allan Carlisle, and Scott Witkowski of Cohen Commercial Realty, Inc., announced the signing of Storm Team Construction, to lease a 2,271-square-foot space and Scoot-N-Around Scooter Rentals, to lease a 607-square-foot space at Bluffs Square Shoppes located at 4050 US Highway One in Jupiter, Florida. Cohen Commercial Realty, Inc. represented the Landlord in these transactions.

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

Jamie Crocker jamiecrocker@cohencommercial.com