Wendover Housing Partners Welcomes First Residents to Kenwood Place, its New Affordable Senior Housing Community in Tallahassee, FL

Jonathan L. Wolf

TALLAHASSEE, FL  –– Wendover Housing Partners, a privately held real estate development, investment and management company, announces the opening of its senior apartment community in Tallahassee, Fla., Kenwood Place.

The 112-unit property, designed by Slocum Platts Architects, P.A. and built by Roger B. Kennedy, Inc., joins Wendover’s prestigious collection of properties across the Sunshine State. With first-class design standards in mind, Kenwood Place provides senior residents with an active, stress free community to call home.

“According to a market brief from American Seniors Housing Association, the demand for senior housing will grow from 1.4 million units in 2015 to 3.2 million units by the year 2040,” said Jonathan L. Wolf, president and founder of Wendover Housing Partners.

“There is a critical need for additional cost-effective rental options for seniors. Kenwood Place is the latest example of Wendover’s continued mission to help fill that gap by developing new, affordable senior housing options of the utmost quality across the Southeast.”

Wendover broke ground on Kenwood Place in October 2016, and welcomes its first residents the week of Feb. 20. The one and two-bedroom units in Wendover’s new community were thoughtfully designed with senior comfort in mind, and feature a full-size washer and dryer, a monitored emergency call system, and a fully-equipped kitchen including a dishwasher, microwave, island and pantry. All units also include ample storage space areas, such as walk-in and linen closets.

Kenwood Place Apartments, Tallahassee, FL

“While our units are affordable for seniors on a restricted budget, they’re designed with the same style and amenities you’ll find in high-end apartment communities,” adds Wolf. “In addition to providing a comfortable and affordable home built with the utmost quality, Wendover also believes in fostering a real sense of community among our residents and staff. Kenwood Place provides a schedule of activities designed to encourage residents to socialize with their neighbors and explore new interests.”

Like Wendover’s other senior living properties in Florida, which include Tampa’s Haley Park, New Port Richie’s The Landings at Sea Forest, Jacksonville’s Marci’s Pointe, and Central Florida’s Heritage Village Commons, Kenwood Place provides residents with the opportunity to engage in community-wide events and activities. 

Residents are also offered constant access to a variety of indoor and outdoor amenities, including a fitness center, theater, salon, library, cyber center, pool and gardening area. For more information about Kenwood Place, visit www.kenwoodplaceapt.com or call (850) 580-0151.

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

Media Contact

Melissa Landy

Uproar PR for Wendover Housing Partners

321.236.0102 ext. 233 

HFF arranges financing for The Plaza at Enclave in Houston’s Energy Corridor

The Plaza at Enclave, 1254 Enclave Parkway, Energy Corridor, Houston, TX

Wally Reid

HOUSTON, TX – February 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for The Plaza at Enclave, a 344,296-square-foot, Class A office building with an attached multi-level parking garage located in Houston’s Energy Corridor.

HFF worked on behalf of the borrower, a foreign investor, to secure the 15-year, fixed-rate loan through Allianz Real Estate of America.

The six-story property is located at 1254 Enclave Parkway within “The Enclave”, a 10-building micro-market in West Houston’s Energy Corridor.   This location is between Interstate 10, Highway 6 and The Westpark Tollway, providing access to Houston’s Inner Loop and central business district as well as the residential communities in Houston’s western, northern and southern suburbs. 

Completed in 2008, The Plaza at Enclave is LEED® Gold certified and offers amenities, including a health club and fitness center, café with indoor and outdoor dining, and a courtyard and entrance plaza with a multi-level fountain system.  Anchored by DOW Chemical, the property is 98 percent occupied.  

The HFF debt placement team representing the borrower was led by senior managing directors Wally Reid and Matt Kafka and real estate analyst Dustin Selzer

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

Kristen M. Murphy

Director, Public Relations

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

HFF closes sale of retail building in downtown New Brunswick, NJ

37 Easton Avenue, Downtown New Brunswick, NJ

 

Marc Duval

FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of an 18,000-square-foot vacant retail building located at 37 Easton Avenue in downtown New Brunswick, New Jersey.

HFF marketed the property on behalf of the seller.  Saxum Real Estate purchased the asset with seller financing. 

Completed in 2009, the vacant two-story building can be reconfigured to multi-tenant retail, office or residential space.  

The property is in the heart of downtown New Brunswick and  flanked by Rutgers University to its north; healthcare facilities, including Robert Wood Johnson Hospital, to the west; New Brunswick Station, one of New Jersey’s major train stations, to the east; and new residential development to the south. 

The HFF investment sales team that represented the seller was led by associate director Marc Duval, senior managing director Jose Cruz, managing director Kevin O’Hearn and directors Michael Oliver and Stephen Simonelli.

“There continues to be an active pool of investors chasing assets in suburban downtowns,” Duval said. “Investors are willing to be aggressive buying assets where they can make significant improvements to reposition an asset and raise rents.”

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

Kristen M. Murphy

Director, Public Relations

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

HFF secures joint venture equity and construction financing for luxury mid-rise multi-housing development in Uptown Charlotte, NC

Rendering of Planned Montage Apartments, Uptown Charlotte, NC

Travis Anderson

CHARLOTTE, NC  -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture equity and construction financing for the development of Montage, a six-story, 302-unit, luxury multi-housing development in Uptown Charlotte.

HFF worked on behalf of the developer, Proffitt Dixon Partners, to arrange joint venture equity with an affiliate of Creek Lane Capital, LLC, a Chicago-based real estate investment firm.  In addition, HFF secured $46.5 million in construction financing for the partnership through Pacific Life Insurance Company.

Montage will be constructed on a 2.64-acre site at the corner of East Stonewall and South Davidson Streets just off Interstate 277 in Uptown Charlotte’s Stonewall corridor. 

The high-growth, live-work-play area will be home to approximately $2.7 billion in announced developments, including a 47,000-square-foot Whole Foods, which will be located between Bank of America Stadium and Presley Uptown. 

Cory Fowler

Montage will have 11,000 square feet of ground-floor retail and one-, two- and three-bedroom units averaging 830 square feet each.  Units will be finished with 10-foot ceilings, expansive master closets, computer niche/workstations, stainless steel appliances, upgraded fixtures, pantry and linen closets, wood plank flooring and balconies/patios with views of downtown.

 On-site amenities will include an elevated saltwater swimming pool, resident lounge, club room, fenced dog park, multiple courtyards, grilling stations, bicycle repair and fitness center.

The HFF debt and equity placement team representing the developer was led by senior managing director Travis Anderson and associate director Cory Fowler.

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

Kristen M. Murphy

Director, Public Relations

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.creeklanecapital.com.

www.proffittdixon.com

HFF closes $47 million sale of 263-unit apartment community in Portland, OR

                                                                                        

Carrie Kahn

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $47 million sale of The Ellington, a 263-unit apartment community in Portland, Oregon.

HFF marketed the asset exclusively on behalf of Guardian Real Estate Services and its capital partner, Broadreach Capital Partners.  The Portland Housing Bureau purchased the offering free and clear of existing debt.

The Ellington is situated on approximately 11 acres at 1610 NE 66th Avenue in Northeast Portland’s Madison South neighborhood.  The property is adjacent to the historic Rose City Golf Course and less than a mile from the NE 60th Avenue MAX light rail station.  The Ellington offers a mix of studio, one-, two- and three-bedroom townhome-style units averaging 842 square feet each. 

The Ellington Apartments, Portland, OR
      (Photo by RedStudioInc)

The HFF investment sales team was led by managing director Ira Virden and director Carrie Kahn.

“We were pleased to work on this with the Portland Housing Bureau on the seller’s behalf so they could fill the large demand for affordable housing in the community,” said Virden. “The Ellington is truly a unique asset in a location that will only grow in demand over time.”

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

Kristen M. Murphy

Director, Public Relations

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

HFF arranges $19 million financing for mixed-use project in Anaheim, CA

PacifiCenter, Anaheim, CA

 

Ray Lawler

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $19 million in financing for PacifiCenter, a two-building, mixed-use property totaling 130,207 square feet in Anaheim, California.

HFF worked on behalf of the borrower, Hines and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), to secure the three-year, floating-rate loan through CIT Bank, N.A.  Loan proceeds will be used to reposition the property.

PacifiCenter is located at the southwest corner of La Palma and Tustin Avenues, just north of the Riverside (91) Freeway in Anaheim.  This location provides visibility from 115,000 vehicles per day at the intersection of Tustin and La Palma as well as 400,000 vehicles per day along the 91 Freeway. 

The property is currently improved with a fully-leased, four-story, Class A office building; two 58-percent-leased, single-story retail buildings; and one fully-leased, single-story flex building.  The financing put in place by HFF encumbered the Class A office building and flex building. 

Kevin MacKenzie

The site total 15.5 acres and features an on-site Metrolink station, providing direct access to major employment and entertainment options throughout Los Angeles, Orange County and the Inland Empire. 

“The on-site Metrolink station provides an opportunity for walkable, transit-oriented, mixed-use development in the Orange County area,” says Hines managing director Ray Lawler, who leads the firm’s Orange County development and investment office.

“We see the transit-centered nature of the site as one of the most compelling features of the project and are eager to improve the campus through our strategic capital plan.”

The HFF debt placement team representing the borrower was led by senior managing director Kevin MacKenzie and associate Jamie Kline.

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

Kristen M. Murphy

Director, Public Relations

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.hines.com

http://www.oaktreecapital.com/.

HFF hires Gregory Nalbandian as a senior managing director in its New Jersey office

Greg Nalbandian

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Gregory Nalbandian as a senior managing director in its New Jersey office.  Mr. Nalbandian will focus on debt and equity placement transactions in New Jersey and the Tri-State area.

Mr. Nalbandian has more than 23 years of experience in the commercial real estate industry and joins HFF from NorthMarq Capital, LLC, where he worked as a senior vice president and managing director since 2005.

 In this role, Nalbandian was responsible for leading the New Jersey regional office and was consistently a top producer nationally working on a variety of debt and equity placements.  Prior to NorthMarq, Mr. Nalbandian was a principal at The Schonbraun McCann Group, LLC, a leading real estate-dedicated advisory firm in New Jersey. 

Mr. Nalbandian began his commercial real estate career with O’Connor Capital Partners, a real estate private equity fund headquartered in New York City.  He is an active member of ICSC (International Council of Shopping Centers) and NAIOP (National Association of Industrial and Office Properties).

 Mr. Nalbandian graduated from New York University with a Master’s in Real Estate and from the University of Michigan with a Bachelor of Arts degree.

Jon Mikula

“Greg is a seasoned and well respected professional with a wealth of experience across many facets of the real estate industry,” said Jon Mikula, senior managing director and co-head of HFF’s New Jersey office.

 “He has experience working the entire capital stack from first mortgage debt placements to more complicated structured finance transactions involving equity or preferred equity/mezzanine financing, recapitalizations and repositionings.  We are excited to have him join the HFF team.” 

“I am very excited to join the premier real estate firm in New Jersey with such a deep bench of talent and resources,” added Nalbandian.  “I look forward to playing a key role in furthering HFF’s already dominant position in the marketplace and providing our clients with phenomenal execution.”

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

Kristen M. Murphy

Director, Public Relations

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

HFF expands Denver investment sales team with hiring of Peter Merrion as a director

Peter Merrion

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Peter Merrion as a director in its Denver office.  

Mr. Merrion will team up with Mark Katz, senior managing director and co-head of HFF’s Denver office, to focus on office investment sale transactions in Denver and the Rocky Mountain region.

Mr. Merrion joins HFF from JLL, where he was a vice president since 2013.  Prior to that he held positions at J.F. McKinney & Associates and Golub & Company, both in Chicago.

  He is an active member and on the Board of Directors for DMCAR (Denver Metro Commercial Association of Realtors) and is on the Economic Development Council for DDP (Downtown Denver Partnership). 

Mr. Merrion has a Juris Doctorate from Chicago Kent College of Law in Chicago, Illinois, and a Bachelor of Arts from Ohio Wesleyan University. 

“We are delighted to have Peter come aboard and look forward to his contributions to the Denver team in 2017 and beyond,” said Mark Katz, senior managing director and co-head of HFF’s Denver office.  “Peter is an 11-year veteran in the industry with a deep knowledge base of Denver’s key submarkets.”

Mark Katz

“I’m incredibly excited to bring my market knowledge, analytical skills and energy to HFF and the Denver team,” added Merrion.

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

Kristen M. Murphy

Director, Public Relations

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

Faris Lee Investments Taps Developer, Long-Time Client Gene Ventura to Head Chicago Office Expansion

  

 

Gene Ventura

Chicago, IL-- Faris Lee Investments has announced the addition of Gene Ventura as senior managing director. 

Ventura, an office and retail developer and long-time Faris Lee client, brings three decades of commercial real estate expertise to his new role. 

His extensive experience includes the development, leasing and disposition of four Chicago area office complexes and seven Wisconsin retail centers. 

As senior managing director, Ventura will lead client development, increase transaction volume, and anchor Faris Lee’s new Chicago office.

Ventura joins Faris Lee Investments from Kirkwood Partners, Ltd., a commercial development, management and leasing company he founded in 1997 and continues to operate.

Between 2000 and 2008, Kirkwood built 100,000 square feet of retail space on speculation in the Kenosha, WI area. Each asset achieved 95%-100% occupancy prior to being sold through Faris Lee’s Jeff Conover. Concurrent with founding Kirkwood, Ventura was Vice President at Chicago-based Development Resources, Inc. (DRI), where he worked with partners such as Oaktree Capital Management and Walton Street Capital to build or redevelop 1.5 million square feet of office space in Chicago and Skokie, IL.

Rick Chichester

Two of those projects in Chicago’s West Loop, Union Tower (1998) and Congress Center (2000), received significant national attention for being high-risk, speculative development; they opened at 95% and 85% leased, respectively.

Ventura started his career with Goldie B. Wolfe & Co. as Vice President in the office brokerage division. There, he represented over three million square feet of corporate office transactions for clients such as Oracle, Lehman Brothers, Xerox and Tenneco.

“Gene has been a valued Faris Lee client for more than a decade and we are honored to have him join us,´ said Rick Chichester, president, Faris Lee Investments.

“He brings unmatched perspective on retail development and the highest level of transactional expertise to the Faris Lee team, with whom there is an existing foundation of trust and respect. 

"We have long differentiated the Faris Lee brand through its creative and collaborative approach to investment real estate. Gene will be an influential part of further expanding on our brand and unique culture in the Chicago and greater Midwestern markets,”

 “I have a long standing and unequivocally positive relationship with Faris Lee on the client side,” said Ventura.. ”After the sale of my first retail project with Jeff Conover in 2007, I was so impressed with the firm’s professionalism, unique team approach and in-depth analysis, I didn’t consider another firm for my other retail assets. 

Jeff Conover

"After selling my retail portfolio I found that I truly miss the energy of the transactional side of the business, and I look forward to bringing my experience and relationships to the team, particularly in the expansion to the Chicago market,”

Hailed as “trailblazing,” Ventura’s developments received extensive national recognition from the press, government agencies and professional associations.

 In 1999, NAIOP awarded his Union Tower project the Chicago NAIOP downtown office development of the year, and his first retail development in Kenosha received a Congressional Recognition Certificate from U.S. Representative Paul Ryan.

Ventura holds a bachelor’s degree in Economics from the University of Wisconsin, Madison.

Faris Lee’s Chicago office is located at 200 West Madison Ave., Suite 2100. Ventura can be reached by email at gventura@farislee.com or by phone at (858) 353-7618.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

www.farislee.com.