The Melrose Management Partnership Awarded Property Management for Ashton Woods Homes’ Marsh Cove, Exclusive Community in Fiddler’s Creek, FL

Ashton Woods Homes, Marsh Cove, Fiddler's Creek, Southwest Florida's Gulf Coast

NAPLES, FL and ORLANDO, FL --- The Melrose Management Partnership with its corporate office in Orlando has been awarded a contract to provide full service property management for Ashton Woods Homes’ luxury single-family home community Marsh Cove, located in Fiddler’s Creek on Southwest Florida’s Gulf Coast.  This community will be managed from Melrose’s southwest Florida regional office in Ft. Myers.

Katherine Montgomery, LCAM, Vice President at The Melrose Management Partnership, said her firm will oversee the Marsh Cove Master Association for the most exclusive section in the award-winning golfing and resort community off of Collier Blvd. in Naples.

Katherine Montgomery

Ashton Woods Homes is building 112 homes in phase I of Marsh Cove. New homes in Marsh Cove — winner of the prestigious Emerald Club designation — are priced from over $1,000,000.  Move-up buyers within Fiddler’s Creek are buying a lot of the homes in Marsh Cove, according to Montgomery.

Under the agreement with Ashton Woods Homes, The Melrose Management Partnership will provide the supervision of all community management, including HOA meetings and owner-resident relations at Marsh Cove.

Melrose also partners with Ashton Woods Homes for management of the majority of the homebuilder’s resident controlled communities in the Orlando and Tampa areas.

“We are excited about expanding our professional services for Ashton Woods into their other markets and look forward to a long partnership with them at this beautiful community in southwest Florida,” said Montgomery. Eventually Marsh Cove will have 540 homesites.

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

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,

www.ashtonwoods.com.

HFF secures joint venture for 11-story office development in Washington, D.C.’s East End

699 14th Street NW, Washington, DC

Stephen Conley

WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a joint venture for the acquisition and development of 699 14th Street NW, an 11-story, planned trophy office building in Washington, D.C.’s East End.

HFF worked on behalf of the developer, Lincoln Property Company (Lincoln), to arrange a joint venture with Pearlmark Real Estate (Pearlmark).

699 14th Street NW is located at the corner of 14th and G Streets in Washington, D.C.’s East End, one and a half blocks from the White House.  The site was previously home to the National Bank of Washington.  The joint venture has plans to renovate the bank and develop an adjoining trophy office building.

Upon completion, the project will deliver approximately 135,000 rentable square feet of office and 25,000 rentable square feet of retail space. 

Designed by Shalom Baranes Associates, the office building will feature a state-of-the-art glass tower buttressing the historic bank.  The 11-story building will offer four sides of floor-to-ceiling glass windows, nine-foot ceiling heights and multiple common and private outdoor terraces.

The HFF team representing the developer was led by Stephen Conley, Susan Carras and Andrew Weir.

 “It has been our privilege to work with Lincoln and Pearlmark in creating the start of one of the most exciting projects in D.C. history,” Carras 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

http://www.lpcwashingtondc.com.

 www.pearlmark.com.

HFF closes $52.4 million sale of grocery-anchored shopping center in Philadelphia, PA

Bakers Centre, 2800 Fox Street, Philadelphia, PA

Chris Munley

  PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $52.4 million sale of Bakers Centre, a 236,719-square-foot, grocery-anchored shopping center in Philadelphia, Pennsylvania.

HFF marketed the property on behalf of the seller, Metro Development Company, Carlino Commercial Development and US Realty Associates, Inc. 

The multi-building property was developed between 2011 and 2015 and is anchored by ShopRite, Ross Dress for Less and Planet Fitness.

 Situated on 27.4 acres at 2800 Fox Street, Bakers Centre has become the go-to retail destination for the local community of East Falls/Hunting Park. The center is surrounded by a consumer base of more than 400,000 residents within a three-mile radius. 

The HFF team representing the seller was led by managing director Chris Munley, associate director Michael DiCosimo and senior managing director Jose Cruz.  Gregory Bianchi, vice president with US Realty Associates, Inc. assisted with the acquisition as well.

“The city of Philadelphia has a limited supply of grocery-anchored shopping centers of this size and quality, which made Bakers Centre a rare opportunity for investors,” Munley said. “Compounding the scarcity of the opportunity with a premium anchor in ShopRite, Philadelphia’s No. 1 grocer by market share, and a location poised for future growth, the asset received wide institutional interest.”

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

http://carlinodevelopment.com.