HFF secures refinancing for Buckhead Tower in Atlanta, GA

                           

Buckhead Tower, 3399 Peachtree Road NE, Buckhead, GA

Ed Coco

 ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a refinancing for Buckhead Tower, a 348,000-square-foot, Class A office tower in Atlanta’s Buckhead submarket.

Working on behalf of the borrower, a partnership managed by Parmenter Realty Partners, HFF placed the loan with MetLife Real Estate.

  

Buckhead Tower is situated on a 1.96-acre site at 3399 Peachtree Road NE, directly connected to the Lenox Square Mall and JW Marriott Hotel in Buckhead. 

This location is close to GA-400 and Interstate 85 and has direct MARTA and BUC bus transit options adjacent to the property.  The 19-story tower offers tenants a full-service café, fitness center, structured parking and 24/7 controlled access.

The HFF debt placement team representing the borrower was led by senior managing director Ed Coco and senior real estate analyst Matt Casey.

“Accessibility provided both by MARTA and GA-400, as well as the desirable amenities offered from Lenox Square Mall, have Buckhead Tower well-positioned to capitalize on continued leasing strength in the Buckhead submarket,” Coco said. 

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of power center in Pennsylvania’s Lehigh Valley

MacArthur Towne Centre, Whitehall, PA

Chris Munley

 PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of MacArthur Towne Centre, a 151,418-square-foot community retail power center in the Lehigh Valley community of Whitehall, Pennsylvania.

The property was purchased by an affiliate of Abrams Realty & Development.

Anchored by Jo-Ann Fabrics and Craft, American Signature Furniture and 2nd & Charles, the 94.5-percent-leased MacArthur Towne Centre is also home to Party City, David’s Bridal, Aaron’s, H&R Block, T-Mobile and more.  Lowe’s and Kmart shadow-anchor the property.

 Situated on 24 acres at 2524-2590 MacArthur Road, the power center’s location places it along the dominant MacArthur Road retail corridor in the Lehigh Valley, currently one of the foremost growing economies in Pennsylvania. 

MacArthur Towne Centre is approximately three miles from Allentown, the third largest city in Pennsylvania.

The HFF team representing the seller was led by managing director Chris Munley, associate director Michael DiCosimo and senior managing director Jose Cruz.

“The Lehigh Valley is a strong consumer market, which is reflected by consecutive years of job growth and strong medical and industrial sectors,” Munley said.  “MacArthur Towne Centre drew a large audience of investors due to its strategic location and long-term value prospects.”

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes $6.4 million sale of 41-unit apartment property in suburban Philadelphia

  

Pleasant Valley, 107 East Hector Street, Conshohocken, PA

Carl Fiebig

 PHILADELPHIA, PA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $6.4 million sale of Pleasant Valley, a 41-unit, affordable housing community in the Philadelphia suburb of Conshohocken, Pennsylvania.

HFF marketed the property on behalf of PV Associates, which was sold free and clear of existing debt.

Pleasant Valley is situated on 1.12 acres at 107 East Hector Street in the live, work, play community of Conshohocken, approximately 15 miles northwest of Center City, Philadelphia. 

The transit-oriented property is across from a SEPTA rail station and is at the convergence of every major highway in the western suburbs of Philadelphia, including Interstates 76 and 476.  

The property has 41 one-, two- and three-bedroom units averaging 899 square feet, 40 of which are Project-Based Section 8 (HAP) units.  The property is 98 percent occupied.

The HFF investment sales team representing the seller was led by associate director Carl Fiebig along with managing director Doug Childers, senior managing director Mark Thomson and associate director Fran Coyne.

Doug Childers

“Pleasant Valley is representative of the power of HFF’s national platform,” Fiebig said.  “The Philadelphia office worked in conjunction with the national affordable housing team to market the property to local and regional private groups.” 

“The property’s upcoming HAP contract expiration coupled with its A+ location attracted a mix of both affordable and market-rate housing buyers,” Fiebig continued.  “Ultimately, the property sold to a West Coast-based affordable housing group.”

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com