HFF closes sale of and arranges acquisition financing for mixed-use grocery-anchored retail center in Chicago’s Near North Side

Broadway at Surf Retail Center near Chicago's Lincoln Park and Lakaview Neighborhoods

 CHICAGO, IL  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for Broadway at Surf, a 134,285-square-foot, multi-level, grocery-anchored retail center at the conflux of Chicago’s Lincoln Park and Lakeview neighborhoods.

HFF worked on behalf of the seller, Invesco.  A joint venture partnership between Intercontinental Real Estate Corporation, on behalf of its managed fund, U.S. Real Estate Investment Fund, LLC, and Fairbourne Properties, LLC purchased the asset.  Working on behalf of the new ownership, HFF also placed the acquisition loan with Nationwide Real Estate Investments.

Amy Sands

Broadway at Surf is situated on 1.34 acres in the affluent Lincoln Park neighborhood of Chicago.  More than 419,400 residents living within a three-mile radius of the property earn an average annual household income of more than $111,000, exceeding both the Chicago MSA and the Midwest average household income.

Clifton Mitchell

 Broadway at Surf is a three-level retail center anchored by Walmart Neighborhood Market, Bed Bath & Beyond, T.J.Maxx and Fitness 19.  The 97.3-percent-occupied center also includes 125 parking spaces on the roof-top level. 

The HFF investment sales team representing the seller was led by directors Amy Sands and Clinton Mitchell.

 The HFF debt placement team representing the new owners was led by managing director Timothy Joyce and associate director Christopher Knight.

According to HFF, the premier location of Broadway at Surf and the exceptional credit of the property’s tenant roster were very well received by the lending community. 

This combination ultimately led to very attractive financing terms for Intercontinental and Fairbourne.

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

Kristen Murphy

Director, Public Relations

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com

www.intercontinental.net

NAIOP South Florida Announces 2017 Board of Directors Executive Committee and Directors Emeritus

Heidi Davis-Knapik

FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Organization, has announced the following officers and executive committee of the 2017 Board of Directors:

Greg Martin of Avison Young is president; Marc Kopelman of Raymond James Financial is treasurer; Patty Bedley of Legacy Bank of Florida is secretary; and Marty Busekrus of HFF is the national board representative.

Jules Morgan

Kyle Jones of Stiles Corporation is immediate past-president and Heidi Davis-Knapik of Gunster, Yoakley & Stewart, P.A. is president-elect. Executive committee members are Darcie Lunsford of Butters Realty and Traci Miller of Miller Construction Company.

“Our executive committee, board of directors and volunteers play a vital role in orchestrating NAIOP South Florida’s annual events, which include our bus tours in Palm Beach, Broward and Miami-Dade counties, our unique trade show, the Awards of Excellence, our charity golf tournament, and our special speaker events, which address issues and trends in our local commercial real estate industry and foster the education of real estate professionals,” said NAIOP South Florida Executive Director Jules Morgan. “We are looking forward to an exciting and action-packed year with all of our 2017 committees and events planned!”

Adele Stone

The 2017 Board of Directors also includes an active Emeritus Board, which consists of: Stiles Corporation Vice Chairman Doug Eagon; Colliers International Executive Vice President John Geisen; Alice Lucia-Jackson, who recently retired from JLL as senior vice president; Miller Construction Company President Harley W. Miller; Liberty Property Trust Vice President Andy Petry; Stearns Weaver Miller Weissler Alhadeff & Sitterson Shareholder George A. Pincus; Akerman LPP Managing Partner Eric D. Rapkin; Avison Young Principal and Managing Director Pike Rowley; Sharpe Project Developments, Inc. President Orlando Sharpe; Buchanan Ingersoll & Rooney PC Shareholder Adele Stone; and Treadwell Franklin Partner Eric Swanson.

NAIOP South Florida is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network. For more information, contact NAIOP South Florida at 954-990-5116 or naiop.info@naiopsfl.org

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

954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255

lrobinson@piersongrant.com

Hold-Thyssen Negotiates Long Term Renewal Lease with Subway at Morningside Plaza in Dade City, FL

Therese Taylor

 Clearwater, FL and Dade City, FL. -- Hold-Thyssen, Inc., a full service commercial property firm with offices in Clearwater  and Winter Park, recently completed a five-year NNN lease renewal agreement with Subway for 2,400 rentable square feet at Morningside Plaza at 12634 US Hwy 301 in Dade City.

Therese Taylor, leasing agent at Hold-Thyssen, negotiated the transaction representing the landlord WFCMT Morningside REO, LLC.  

Hold-Thyssen, Inc. provides commercial property brokerage 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 more information about this press release, please contact:

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