HFF closes $55.6 million sale and arranges $39.06 million financing for four-building office portfolio in Orange County, CA

Brea Corporate Plaza, Brea, CA

Ryan Gallagher

 NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $55.6 million sale of and arranged $39.06 million in financing for Brea Corporate Plaza and Brea Park Centre, a four-building office portfolio totaling 290,657 square feet in the Orange County community of Brea, California.  

HFF marketed the property on behalf of the seller, The PRES Companies and Mariner Real Estate Management, and procured the buyer, JCR Capital, who provided the majority of the equity capital for the purchase.

 This is the first acquisition for the partnership of JCR/PRES in which their proposed business strategy will be to sell off the four buildings on an individual building basis over the next few years.  PRES will retain a strong working relationship with Mariners as the partnership will continue on other known holdings. 

Additionally, HFF worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through Prime Finance.  The financing has two 12-month extensions and was used to acquire the asset and fund additional advances for capital improvements and leasing costs. 

Brea Corporate Plaza and Brea Park Centre consist of four multi-tenant office buildings located at 500 S. Kraemer Boulevard, 2601 Saturn Street, 2650 Imperial Highway and 3230 E. Imperial Highway. 

Derreck Barker

All four properties offer exceptional visibility along Imperial Highway and immediate access to more than four million square feet of retail and service amenities, and a variety of executive housing options throughout Orange County. 

Within walking distance is La Floresta, a 120-acre master-planned community featuring Whole Foods, Corepower Yoga and Mendocino Farms as well as 1,100 residential units and neighborhood parks.  Combined, the properties are 85 percent leased to tenants, including Nestle, FoxConn, Citizen Business Bank and Sedgewick Claims Mgmt. 

   

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, associate director Derreck Barker and director Tim Geiman.

HFF’s debt placement team was led by director John Chun, associate director Lee Redmond and real estate analyst AJ Manas.

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.mariner-re.com.

HFF closes $22.5 million sale of and assists with $17.3 million financing for Bank of America Plaza in Greenville, SC

Bank of America Plaza, 101 North Main Street, Downtown Greenville, SC

Ryan Clutter

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $22.5 million sale of and assisted in arranging $17.3 million in financing for Bank of America Plaza, a 15-story, 196,152-square-foot, iconic office tower in Greenville, South Carolina. 

HFF marketed the property on behalf of the seller, Hughes Development Corporation.  RealOp Investments purchased the asset and was assisted by HFF in securing the $17.3 million, floating-rate acquisition loan. 

Bank of America Plaza is located at 101 North Main Street in downtown Greenville, which anchors ONE City Plaza in the center of Greenville’s award-winning Main Street.  Other nearby amenities include Falls Park, Fluor Field, The Bon Secours Wellness arena and numerous dining and shopping options. 

The building was extensively renovated in 2014 and features direct connectivity to the adjacent Aloft Hotel and its WXYZ bar, as well as two parking structures on either side of the building. 

Additionally, tenants have access to a new fitness center complete with locker rooms and showers.  Bank of America Plaza is roughly 80 percent leased to tenants, including IBM, Bank of America, iHeartMedia and Next on Main, a creative office hub that caters to Greenville’s entrepreneurial workforce.

Scot Humphrey

The ground-floor retail component of the building is home to Methodical Coffee, TAZ Boutique and the iStore, an Apple reseller. 

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter, director Scot Humphrey, associate director Chris Lingerfelt and real estate analyst Zach Drozda.

“Bank of America Plaza is an exceptionally well located office building in the heart of downtown Greenville, South Carolina, one of the more dynamic markets in the state,” commented Clutter.

 “Investment capital was attracted to the asset’s compelling features and the notable economic growth occurring in Greenville.  We anticipate steady demand for Greenville investment opportunities in 2017 and beyond as the region continues to post favorable trends appealing to investors.” 

HFF’s debt placement team was led by senior managing director Travis Anderson and director Brent Bowman. 

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

JLL Boosts Phoenix Investment & Finance Platform with Two New Hires: Robert Kline and Dan Postal

Robert Kline

PHOENIX, AZ, Dec. 13, 2016 – In an effort to strengthen its already broad suite of finance and investment capabilities, JLL today announced the addition of two market experts in the firm’s Capital Markets group.

Industry veteran Robert Kline has joined JLL’s Capital Markets, Finance unit as a Managing Director in the Phoenix office. Dan Postal has joined the firm as a Senior Vice President.

Kline will focus his efforts on a broad range of services including debt and equity, CMBS loans and foreign capital, partnering with Senior Managing Director Dennis Desmond and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody.

Postal has teamed up with Senior Vice President Brian Ackerman to focus on investment sales and owner/user acquisitions and dispositions.

“We continue to build the Finance group within our Capital Markets platform,” said Fish. “We are excited to welcome Robert to JLL, as he helps to round out an experienced and professional team in the Southwest. He fills a vital role for us in Phoenix and brings a successful national finance practice to our firm.”

Dan Postal

“Robert’s vast client network and depth of experience across all aspects of real estate finance are an invaluable addition to our already robust platform in Phoenix. 

"We continue to look to improve our clients’ experience and grow our business with marquee hires such as Robert,” added Desmond.

 “Dan also adds a tremendous entrepreneurial mind to our team. His experience servicing a diverse mix of local and national clients enables us to provide an even broader scope of services to the market.”

Added Ackerman, “Dan will be a very valuable asset as we look to stay ahead of market dynamics in Phoenix. I am excited to grow this platform to take advantage of the strong demand in the market.”

Kline brings nearly 35 years of commercial real estate experience to JLL. He previously worked at a global commercial real estate firm and has been directly involved in the disposition of $5.5 billion in assets, $9.7 billion in commercial property restructuring and has completed more than 600 note sales.

 He holds a degree from University of Miami and in 2010 was elected to the Urban Land Institute’s Board of Governors.

Dennis Desmond

Postal brings more than 20 years of commercial real estate and financial experience to the team. Most recently, Postal provided site selection services including fiscal impact studies and location incentives for national projects and commercial property tax services in the Southwest.

Postal has been recognized by the Phoenix Business Journal in its “Forty Under 40,” Arizona Republic as part of its “35 Entrepreneurs 35 and Under,” AZRE’s 2015 Big Deal of the year winner, and Cystic Fibrosis Foundation’s “Man of the Year” for AZ’s Finest.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. 

In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen Negotiates Office Sale at Tampa’s Westchase Commons

Theresa Margaris

Tampa, FL --- Hold-Thyssen, Inc. recently negotiated the $410,000 sale of a stand-alone office building built in 2007 with 2,500 useable square feet and ample parking in Westchase Commons, 13043 W. Linebaugh Ave., Tampa.

Transaction specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the sale representing both the seller, Tampa-based Prospect Smarter, LLC and the buyer, Creed Law Group, which specializes in complex business litigation.   

Hold-Thyssen, Inc. 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, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Hold-Thyssen Negotiates Investment Sale and Lease Transactions in New Port Richey, FL

  

Carol Kinnard

 New Port Richey, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC, a commercial real estate services firm with offices in Clearwater, recently brokered the $120,000.00 sale of a medical office building at 5434 Grand Blvd. in New Port Richey.

Kinnard, who represented the seller, David M. Allen, DPM, said Clearwater-based Ameritech Property Management, Inc. purchased the property, which consists of a free-standing 1,144 square foot building on 0.38 acre, lies within the City of New Port Richey.

“Carol Kinnard was able to list and close the sale of my building in less than three months when adjacent properties have been on the market from six months to more than two years,” said Dr. Allen. 

Kinnard also negotiated two new leases on behalf of the private investor landlord at 5423 Main St. in New Port Richey known as the Hercules Center.    Home Instead Senior Care, relocating from Massachusetts Avenue, leased 1,500 square feet.  Kelly Carter leased 800 square feet at the center to establish a nail salon business that she relocated from Colorado. 

At the Massachusetts Center, an office/retail strip center at 7208 Massachusetts Ave.  in New Port Richey,   Kinnard represented owners/landlord John H. and Christina Pimenidis/Kostas A. and Pauline Magganas, in a lease agreement with Iglesia Cristo Church for 1,000 rentable square feet.  The church moved from a nearby location due to growth and their need for additional parking.

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

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

NAI Realvest Completes Two New Lease Agreements in Kissimmee, FL with South Florida Importer and Houston based Staffing Firm

  

Megan Minter

ORLANDO, FL--- NAI Realvest recently completed two new long-term lease agreements totaling more than 4,400 rentable square feet in Kissimmee.  

Jeff Bloom, CCIM vice president at NAI Realvest and associate Megan Minter represented the landlord Sherwin Williams Company of Atlanta in the lease of 2,550 square feet at 1003 E. Vine St. off of Hwy 192.  The new tenant is Houston-based Pacesetter Personnel Services.

NAI Realvest principal Michael Heidrich represented the landlord Alliance Michigan Commerce Center III, Ltd. of Maitland, in the lease of 1,860 square feet at 2792 Michigan Ave. South of Osceola Pkwy.  Brazil USA Imports Corp. is the new tenant, represented by Kayt Michelly Rocha of Legacy Plus Realty. 

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

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

Jackmont Hospitality Inc. and Ludacris Hold Grand Opening for New Restaurant at Hartsfield-Jackson Atlanta International Airport

Daniel J. Halpern

ATLANTA, GA – Jackmont Hospitality, Inc., in partnership with notable entertainer and restaurateur Chris ‘Ludacris’ Bridges, reveals Chicken+Beer, named for Ludacris’ third album, at Concourse D of Hartsfield-Jackson Atlanta International Airport.

The grand opening event was held from 3 - 5 p.m. yesterday, Monday, Dec. 12 in Concourse D5 of Hartsfield-Jackson Atlanta International Airport. Champagne and light bites were served.

Daniel Halpern, CEO and Co-founder of Jackmont Hospitality Inc., said, "For over 20 years, the Jackmont Hospitality name has been synonymous with delicious food, warm hospitality and a steadfast commitment to excellence. Chris is the quintessential advocate for Atlanta’s rich culture and together we aim to introduce Chicken+Beer as a reflection of the city’s character.”

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

Elizabeth Moore, Partner Green Olive Media (404) 815-8327 ext 5000

emoore@greenolivemedia.com