Partnership Unveils Redevelopment Plans for Weston Hills Country Club in Weston, FL

Lon Tabatchnick

WESTON, FL —Weston Hills Resort Group LLC, an affiliate of Hollywood-based Lojeta Group, has unveiled plans to redevelop Weston Hills Country Club, providing an upgraded experience for members and boosting property values for those who live in and around the area. 

The development partnership has a contract to purchase the Club and has committed to investing more than $10 million in improvements which include renovating the two championship golf courses, upgrading the clubhouse facility, building a resort-style swimming pool, poolside bar and restaurant, five new tennis and two pickle ball courts, a fitness center and a special play area for kids. 

“This is an opportunity to restore the prestige of Weston Hills Country Club and make it a crown jewel of the city once more,” said Lon Tabatchnick, managing partner of Weston Hills Resort Group whose resume includes developing the highly successful Margaritaville Resort on Hollywood Beach.

“There hasn’t been a significant renovation of Weston Hills since it was opened 30 years ago.  It’s still a great place for golf, tennis, recreation, dining and social events for the community, but needs a facelift to grow and prosper for the next 30 years.” said Tabatchnick who is a member of the club.

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

Todd Templin or Lauren Berger, BoardroomPR

954-370-8999 (o)  954-290-0810 (c)

ttemplin@boardroompr.com

lberger@boardroompr.com

HFF secures $100 million refinancing for retail power center in North Bergen, NJ

 

                         Tonnelle Commons, North Bergen, NJ              Photo by John Jenks                                                 

Mike Tepedino

NEW YORK, NY -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $100 million refinancing for Tonnelle Commons, a 410,015-square-foot, Class A, fully leased retail power center in the New York metropolitan area suburb of North Bergen, New Jersey.

HFF worked on behalf of the borrower, Urban Edge Properties, to secure the 10-year, non-recourse fixed-rate loan.

Completed in 2009, Tonnelle Commons is fully leased to 16 tenants and is anchored by Walmart, BJ’s Wholesale Club, PetSmart and Staples.  The property is situated on Tonnelle Avenue (Routes 1 and 9) less than 10 miles from Midtown Manhattan and four miles from the entrance to the New Jersey Turnpike.  The center is located at the northern edge of Hudson County – the most densely populated county in New Jersey – and just one-half mile from Bergen County.

The HFF debt placement team representing the borrower was led by managing director Scott Aiese and senior managing director Mike Tepedino.

“HFF used its long-standing lender relationships and proprietary software, to identify the optimal long-term fixed-rate lender for Urban Edge,” Aiese said.  “Furthermore, not all retail is created equally; Tonnelle Commons is a 100-percent-occupied, highly performing center due to its infill location and laser-focused management team.”

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

 

HFF hires Chris McColpin as a director in its Austin, TX office

Chris McColpin

USTIN, TX, May 22, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that Chris McColpin has joined its Austin office as a director focused on debt and equity placement transactions for all property types.

Mr. McColpin has more than 12 years of commercial real estate finance experience and joins HFF from Lone Star Funds’ credit affiliate, LStar Capital, where he led originations for the Southwest region.

 During the course of his career, he has spent time on the loan origination teams of Morgan Stanley and Goldman Sachs & Co.  He began his commercial real estate career at HFF as an analyst in 2005.  

Mr. McColpin received a Master in Professional Accounting and a Bachelor of Business Administration from The University of Texas at Austin McCombs School of Business.  Additionally, he is a certified public accountant in the state of Texas

“Chris started his career back in 2005 at HFF’s Dallas office and we are thrilled to welcome him back to the team,” said Doug Opalka, senior managing director and co-head of HFF’s Austin office.  “Chris embodies the character we look for in our recruits and he will strengthen our existing debt and equity platform in the Austin office.”

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

 

HFF closes sale of Sheraton Suites Columbus in Columbus, OH

 

Sheraton Suites Columbus, 201 Hutchison Avenue, Columbus, OH

Denny Meikleham

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the 259-suite Sheraton Suites Columbus in Columbus, Ohio.

HFF represented the owner in the sale of the property to Regal Hospitality, based out of Columbus, Ohio.  The hotel was sold unencumbered by management.

The Sheraton Suites Columbus comprises 259 oversized guest suites, 3,185 square feet of meeting space, The Grill and The Lounge food and beverage outlets, an outdoor pool and sundeck, an indoor pool, fitness center, gift shop, business center and club lounge.

 The property is situated on a 4.21-acre site at 201 Hutchinson Avenue directly off of and visible from Interstate 270, which provides access to the Port Columbus International Airport 16 miles away. Additional demand drivers in the area include downtown Columbus, Ohio State University and nearby major corporations such as JP Morgan Chase, Nationwide Insurance, Honda of America, Kroger and Cardinal Health.

The HFF investment sales team representing the owner was led by managing director Denny Meikleham and director Alan Suzuki.

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

  

HFF arranges construction loan for first office building in CityPlace at Springwoods Village in Spring, TX

CityPlace, Spring, TX                             Rendering courtesy Patrinely Group  

Cortney Cole

                                                                                                            

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a construction loan for the development of CityPlace 2, a 327,000-square-foot, Class A office building that will be the first office building to be developed in CityPlace in Spring, Texas.

Wally Reid

HFF worked on behalf of the borrower, a venture comprised of Patrinely Group, LLC; USAA Real Estate Company and CDC Houston Inc managed entity, to secure the five-year, fixed-rate construction permanent loan through American National Insurance Company headquartered in Galveston, Texas.

Due for completion in 2018, CityPlace 2 will be the first office building to be delivered within the larger 60-acre CityPlace mixed-use urban development that will feature more than four million square feet of Class A office, more than 600 units of luxury mid-rise residential, a 337-room full-service hotel and conference center, and more than 400,000 square feet of retail space including shops, restaurants and other entertainment options.

 CityPlace is part of the larger 2,000-acre Springwoods Village master-planned mixed-use community located at the intersection of Interstate 45, the Grand Parkway and the Hardy Toll Road in northeast Houston. 

Trent Agnew

Adjacent to the new Exxon Mobil Corporation Campus and Southwestern Energy Company’s new headquarters campus, the property is also close to Bush Intercontinental Airport, The Woodlands and not far from Houston’s Central Business District. 

CityPlace 2 will feature 10 stories of office space that is 100 percent pre-leased to American Bureau of Shipping.  The building will also feature 24,000 square feet of ground floor retail and dining and a parking structure for tenants and visitors.

The HFF debt placement team representing the borrower was led by senior managing director Wally Reid, managing director Cortney Cole and director Trent Agnew.

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.patrinelygroup.com.

www.springwoodsvillage.com.

www.usrealco.com

 

HFF closes $26.45 million sale of The Village at Hayden in Scottsdale, AZ

  The Village at Hayden, 8260 North Hayden Road, Scottsdale, AZ      Photo by Patrick Tang                                                      

CJ Osbrink

 PHOENIX, AZ, May 22, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $26.45 million sale of The Village at Hayden, a 156,751-square-foot mixed-use development in Scottsdale, Arizona.

HFF marketed the property on behalf of the seller, Village at Hayden, LLC, a partnership comprising AEW Capital Management, L.P. and The Muller Company, and procured the buyer, Arizona Partners.  The property was sold free and clear of financing.

The Village at Hayden is located at 8260 N Hayden Road just one half mile from Arizona State Route Loop 101, which sees an average of 180,000 cars per day.  The 11.83-acre site is part of the prestigious McCormick Ranch community north of Scottsdale. 

This trade area has an average household income exceeding $106,000 and more than 141,000 residents within a five-mile radius.  

At 97 percent leased, The Village at Hayden has a mix of regional and national retail and office tenants, including Capital Consultants Management, Company Nurse, Phoenix Photonix, Zipps Sports Grill, Twisted Grove, Melting Pot and Grassroots Kitchen.

The HFF investment sales team representing the seller was led by CJ Osbrink and Derreck Barker.

 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.themullercompany.com.

www.aew.com.

Bull Realty Brokers $16.8 Million Medical Office Building in Athens, GA

Paul Zeman

ATLANTA (May 22, 2017) — Paul Zeman, President of Healthcare Real Estate Services at Bull Realty, brokered the sale of “The Exchange,” two identical medical office buildings totaling 61,203 SF in Athens, GA. The sale closed on May 18, 2017 for $16.8 million.

The Exchange was built in 2007 by Bell Harrison Development. St. Mary’s Healthcare System occupies all of Building 300 and the majority of the space in Building 200. 

Services at this location include full modality outpatient diagnostic imaging, wellness, cardiology, neurology, and endocrinology. Other tenants include Athens Dentistry for Children and Athens Oconee Dentistry at the Exchange.

Paul Zeman represented the sellers in this transaction, 316, LLC and Exchange Building 300, LLC.

The buyer was American Healthcare Investors, LLC/ Griffin American Healthcare REIT.

“Off campus MOB's with hospital sponsorship like these are gaining in popularity with investors and serve residents in the community with an outstanding service,” said Zeman.

Healthcare Real Estate Services (www.HealthcareRealEstateServices.com) are specialty brokers with Bull Realty, Inc. (www.BullRealty.com), a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on radio stations nationwide, iTunes, YouTube and CREshow.com.

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

Melissa Henry

Communications Manager

Bull Realty, Inc. 

404-876-1640 x 110

www.BullRealty.com