HFF Closes Sale of Southgate Shopping Center in Portland, OR

Southgate Shopping Center, Southgate Area, Portland, OR

Brian Hanson

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Southgate Shopping Center, a 50,826-square-foot, value-add, multi-tenant retail strip center in the Southgate area of Portland, Oregon.

HFF marketed the property on behalf of the seller, ML Commercial Properties, Inc.  A private buyer purchased the shopping center. 

Southgate Shopping Center is 97 percent leased to 10 tenants, including Office Max, HobbyTown, Round Table Pizza, Starbucks, H&R Block, Arby’s and Spring Mobile. 

Situated on 3.4 acres at 10317-10465 SE 82nd Avenue, the center is positioned at the signalized intersection of SE King Road and SE 82nd Avenue in Southgate, a portion of the southward extension of Portland that sits directly along the historic wagon trails.

 The center is proximate to Highway 213 and accessible from Interstate 205.  More than 130,278 residents earning an average annual household income of $71,118 live within three miles of Southgate Shopping Center.

Nick Kassab

The HFF investment sales team was led by directors Brian Hanson and Nick Kassab.

“Competition was stiff, showing the market’s significant appetite for well-positioned, value-add retail opportunities,” Hanson said.  “The buyer plans to leverage its retail relationships and experience to upgrade the center and capitalize on the recent positive demographic shift in a historically strong retail location.”

Founded in 2006, ML Commercial Properties, Inc., owns and asset manages 28 investment properties throughout the country.  These investment properties include apartment buildings, shopping centers and one hotel.

For a complete copy of the company’s news 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

Hold-Thyssen Negotiates Six Leases totaling over 6,964 square feet at Phillips Place on Dr. Phillips Blvd. in Southwest Orlando, FL

Darby Hold

WINTER PARK, FL--- Hold-Thyssen, a full service real estate services firm headquartered in Winter Park, negotiated six lease agreements during April and May totaling 6,964 rentable square feet at Phillips Place, 7575 Dr. Phillips Blvd. in Southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. negotiated all six transactions representing the landlord, Financial Way Realty, Inc. based in Cincinnati, Ohio.  The leases include – 

Phillips Place Office Building, Southwest Orlando, FL

• 
  
• About Face Ink, LLC 348 square feet;
•  Law Office of Thomas Tukdarian 760 square feet;
•  Everest Equity Group, 1,077 square feet;
•  Grandesign Advertising Firm, Inc. 1,260 square feet;
•  Patten Law Firm, LLC, 1,659 square feet; and
•  Heather Childers, DDS 1,860 square feet;
•  

 Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building, which is now 90 percent leased.

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

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

HFF arranges $99.891 million financing for mixed-use development in Los Angeles’ Arts District

  

Rendering of Planned Arts District AMP Lofts, Los Angeles, CA Arts District

  

LOS ANGELES, CA –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $99.891 million in financing for the development of Arts District AMP Lofts, a luxury mixed-use residential and retail property in Los Angeles’ Arts District.

Working on behalf of the developer, Greystar, HFF placed the 48-month construction loan with CIT’s Real Estate Finance business.

Arts District AMP Lofts will have 320 Class A multi-housing units situated above 20,000 square feet of ground-floor retail.  The property will occupy more than half of a large industrial block on E. 7th Street between Imperial Street and S. Santa Fe Avenue in the thriving Arts District, less than a mile from downtown Los Angeles.

 

Bob Faith

  Arts District AMP Lofts will be situated directly across from a 255,000-square-foot creative office development, which will be fully leased to Warner Music Group. 

The project is due for completion in 2019.

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development and property management of rental housing properties globally.  

Headquartered in Charleston, South Carolina, with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing over 400,000 units in over 160 markets globally.  

Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $14 billion in gross assets under management including $6.9 billion of developments underway.  

Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental housing real estate business.  

For a complete copy of the company’s news 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.greystar.com

HFF arranges $170 million refinancing for 33-property retail portfolio in northern California

Peter Smyslowski

SAN FRANCISCO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $170 million refinancing for a retail portfolio of 33 high-performing, triple net leased, grocery retail properties totaling 1.73 million square feet in northern California.

HFF worked on behalf of the borrower, RMP Properties, LLC, to place the 10-year, fixed-rate loan with a consortium of CMBS lenders led by UBS.  The securitized loan is being used to refinance an existing CMBS loan on the portfolio.

The portfolio is 100 percent absolute net leased under a master lease with The Save Mart Companies, one of the largest private regional grocers in California. 

The properties are either free-standing grocery stores or are the grocery anchor in multi-tenant retail centers and feature properties that are operated under well-known grocery brands Save Mart, Lucky, Lucky California and FoodMaxx.  The portfolio properties are well-located in three primary northern California markets:  San Francisco Bay Area, Sacramento and the Central Valley.

Chris Gandy

 The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associate Rob Bova.

“The quality of the RMP assets from both an operational and geographical perspective was instrumental in the successful loan placement in a somewhat bearish retail financing environment,” Smyslowski said.

For a complete copy of the company’s news 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