HFF closes sale of 5-building Class A industrial project in Houston, TX

Bammel Business Park, Northwest Houston, TX

Rusty Tamlyn

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bammel Business Park, a five-building, Class A industrial project totaling 246,450 square feet in in northwest Houston, Texas.

HFF represented the seller, FR/Cal Bammel.  Exeter Property Group purchased the property for an undisclosed price. 

Bammel Business Park is situated on 14.1 acres at 4710-4822 North Sam Houston Parkway West (Beltway 8) in the Northwest Industrial submarket, Houston’s premier industrial submarket.

  The property has immediate access from Beltway 8 in addition to visibility from more than 150,000 vehicles per day and proximity to Bush Intercontinental Airport. 

Completed in 2008, Bammel Business Park features 24-foot clear heights, dock-high loading doors, 200-foot shared truck court depths and 12.6 percent office finish.  The one-story buildings are leased to a diverse tenant mix, including Gruma Corporation, Stylenquaza and Motion Industries.

HFF’s investment sales team was led by senior managing director Rusty Tamlyn and senior director Trent Agnew.

“This offering generated substantial interest due to the value-add nature, deal size, newer product in northwest Houston and very little product on the market for sale,” Tamlyn 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

http://exeterpg.com

HFF closes sale of Kroger-anchored retail center in the Memphis MSA

Bartlett Towne Center, Bartlett, TN

Jim Hamilton

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bartlett Towne Center, a 192,624-square-foot, Kroger-anchored neighborhood retail center in the Memphis-area community of Bartlett, Tennessee.

HFF marketed the property for the seller, Weingarten Realty Investors.  Branch Properties, LLC purchased the asset free and clear of existing debt.

Located at 6045 Stage Road, Bartlett Towne Center is situated at the “main and main” intersection of Stage Road and Bartlett Boulevard, which, with more than 62,000 vehicles per day, is one of the most heavily traveled intersections in the trade area. 

More than 75,000 residents earning average annual income of $68,950 live within a three-mile radius of the center. 

In addition to Kroger, the 94-percent-leased Bartlett Towne Center is home to Petco, Dollar Tree, Shoe Carnival, Rent-A-Center, Sally Beauty, FedEx, Ups Store, O’Charley’s, Mattress Firm, Cato, Supercuts and AT&T.

Richard Reid

The HFF investment sales team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid and associate Brad Buchanan.

“Bartlett Towne Center represented a rare opportunity to acquire a dominant, high-performing Kroger-anchored shopping center in the fast-growing Memphis MSA,” Hamilton 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

www.weingarten.com

http://www.branchprop.com.

HFF secures $110 million refinancing for 7-building office portfolio in the Dallas. TX area

International Business Park III, Dallas-Fort Worth Area, Texas

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $110 million refinancing for a seven-building office portfolio totaling 801,153 square feet in the North Dallas-area communities of Plano and Carrollton, Texas.

Trey Morsbach

Representing the Billingsley Company, HFF secured a three-year, floating-rate, non-recourse loan with two one-year extension options through Ares Commercial Real Estate Corporation (NYSE: ACRE).  Proceeds of the loan will be used to refinance the existing debt and fully stabilize the property.

The portfolio buildings are located at 4000, 4120, 4100, 6400, 6404, 6500 and 6504 International Parkway within the International Business Park, a 50-acre office park located in Plano and Carrolton.

 The buildings are situated near the northwest intersection of two of the most heavily trafficked highways in the Dallas-Fort Worth area, The Dallas North Tollway and President George Bush Turnpike.

 Completed between 1997 and 2001, the two- and three-story buildings are 87 percent leased.  The portfolio features 24-hour security, on-site management and maintenance, a health club, café, gas grills for corporate and campus events and an abundance of green spaces.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and senior director Jim Curtin.

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.arescre.com.

HFF arranges $12.8 million refinancing for grocery-anchored retail center in Orlando, FL

Adanson Marketplace, Orlando, FL

Michael Weinberg

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $12.8 million refinancing for Adanson Marketplace, a 156,377-square-foot retail center anchored by Walmart Neighborhood Market in Orlando, Florida. 

HFF worked on behalf of the sponsor, Cutwater Capital LLC, to place the floating-rate loan with Iberia Bank.  Loan proceeds will be used to pay off an existing loan and provide capital for future leasing.

Anchored by a new Walmart Neighborhood Market and Fuel Center completed in November 2016, Adanson Marketplace is home to a variety of national and regional tenants, including Dollar Tree, Sam Ash Music Store, Metro PCS, McDonald’s and La Spada’s Subs. 

The center recently underwent significant renovations, including updating the façade, storefronts, sidewalks, landscaping and parking areas.  Situated on 14.7 acres at 902-1028 Lee Road, the center is located in an infill location along Adanson Street and Lee Road, which serves as a major east-west commercial corridor through Central Florida and exposes the center to approximately 45,000 vehicles per day.

Brad Peterson

 Additionally, Adanson Marketplace is one-third of a mile from Interstate 4, Central Florida’s busiest highway.

The HFF debt placement team was led by senior managing directors Michael Weinberg and Brad Peterson.

“Despite all the headlines about the downfall of retail, there is still plenty of debt capital out there for grocery-anchored and necessity-based shopping centers like this one,” Weinberg said.

HFF recently secured financing for another Orlando grocery-anchored center, Main Street Square, in a previously announced transaction.

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

HFF closes sale of newly developed creative office tower in Portland’s Pearl District

Pearl West Office Property, Portland, OR

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Pearl West, a newly developed, 155,465-rentable-square-foot Class A office tower in Portland, Oregon.

Nick Kucha

HFF marketed the property on behalf of the seller, Walter C. Bowen’s BPM Real Estate Investments LLC, and procured the buyer, LaSalle Investment Management. 

Completed in 2016, Pearl West is a LEED Gold-certified, mid-rise office tower that blends creative office suites with high-street retail.  The property features 17,800-square-foot typical floorplates, parking for 150 vehicles, storage for 87 bicycles and tenant shower and locker facilities.

 Currently, 89 percent leased, Pearl West is home to tenants, including Wacom, Zoom+, Regus and Howard S. Wright.  The property anchors the west side of Portland’s Pearl District and is situated directly next to Interstate 405, providing visibility to more than 120,000 vehicles per day.

 Additionally, the property has a Walk Score® of 98, a Transit Score® of 90 and a Bike Score® of 97 being located within a quarter mile of more than 2,200 apartment units, 1.5 million square feet of office space and more than one million square feet of retail space.

“HFF did an excellent job identifying a buyer who recognized the value Pearl West has created for a well-designed building in a prime Pearl District location,” said Walter Bowen, CEO, BPM Real Estate Investments.  “Pearl West will stand the test of time for its innovative design and for the best-in-class tenants who value office environments that feed creativity, innovation and hard work.”

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha and included director James Childress and associate Logan Greer.

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.lasalle.com.

HFF secures $43.34 million financing for repositioning of Concord Airport Plaza in Concord, CA

Chris Gandy

SAN FRANCISCO, CA – July 12, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $43.34 million in financing for Concord Airport Plaza, a two-building office property totaling 350,256 square feet in Concord, California.

HFF placed the five-year, floating-rate loan with ACORE Capital, a leading commercial real estate finance company.  Loan proceeds will be used to reposition the property.

Concord Airport Plaza is situated on a 7.94-acre site at 1200 and 1220 Concord Avenue less than two miles from the Concord BART Station in the East Bay area. 

 This location has a robust amenity base, including retail offerings at Heritage Square, the Pleasant Hill Shopping Center and Sun Valley Shopping Center and freeway access via Interstate 680 and Highways 242, 4 and 24. 

The HFF debt placement team was led by director Chris Gandy and associate Christie Donnelly.

For investors, ACORE is focused on generating alpha through attractive commercial real estate debt investments coupled with superior risk management. ACORE is led by commercial real estate finance veterans Boyd Fellows, Stew Ward, Chris Tokarski and Warren de Haan. 

For more information, please visit www.acorecapital.com. 

  

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

   

Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Shopping Center Through its Wholly-Owned Subsidiary, New Market Properties, LLC

  

 

Joel T. Murphy

 ATLANTA, GA -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company")  announced the acquisition on July 26, 2017 of Irmo Station, an approximately 99,384 square foot shopping center located in the Columbia, South Carolina MSA and anchored by a 56,942 square foot Kroger grocery store.

 Irmo Station is strategically located just one mile off of Interstate Highway 26 (I-26), the main highway connecting Greenville, South Carolina to Charleston, South Carolina through Columbia.

PAC acquired this asset through its wholly-owned subsidiary New Market Properties, LLC. Joel T. Murphy, President and Chief Executive Officer of New Market said about the acquisition, "We are thrilled to partner again with Kroger on this high sales volume location, and we believe the tenants at Irmo Station will continue to benefit from the surrounding dense three mile population of approximately 42,000 people and the affluent households with incomes of over $82,000."

Mr. Murphy added, "The acquisition of Irmo Station increases the size of our retail portfolio to 34 grocery-anchored shopping centers across seven Sunbelt states, consistent with our strategy to acquire well-positioned grocery-anchored shopping centers in suburban Sunbelt markets with strong demographics."

The Company financed the acquisition utilizing a non-recourse first mortgage loan from Nationwide Mutual Insurance Company.  The first mortgage loan is approximately $10.65 million, bears interest at fixed rate of 3.94% per annum and matures on July 26, 2030.  There are no loan guaranties provided by PAC or its operating partnership.

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

Caroline Moore • The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, GA 30309

O: 404-254-1484 • M: 843-360-9851

 http://www.thewilbertgroup.com/

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HFF closes sale of Fletcher Parkway Medical Center on San Diego’s Sharp Grossmont Campus

Fletcher Parkway Medical Center, La Mesa, CA

                                                                                                               (Photo by Bill Robinson)

 

Evan Kovac

SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Fletcher Parkway Medical Center, a mission-critical, 82,024-square-foot, three-story medical office building in the San Diego suburb of La Mesa, California.

HFF marketed the property on behalf of the seller, The Abbey Company.  Anchor Health Properties purchased the fee-simple asset free and clear of existing debt.

Fletcher Parkway Medical Center is located adjacent to the award-winning Sharp Grossmont Hospital just north of the Interstate 8/California 125 interchange in La Mesa. 

Anchored by Sharp HealthCare, the property features services, including imaging, a Surgical Care Affiliates (SCA) surgery center, radiology, laboratory, diagnostics, cardiology, pediatrics, ophthalmology, rehabilitation and hospice.

The HFF investment sales team representing the seller was led by managing director Evan Kovac, associate Andrew Milne and senior associate Trent Jemmett.

“Fletcher Parkway Medical Center represented the rare opportunity to acquire an institutional-quality, value-add medical office building on the campus of a market-leading, West Coast healthcare system,” Kovac said.  “The new owner has the ability to lease the remaining vacant space in a submarket where occupancy and rental rates are near record highs.”

Andrew Milne

The Abbey Company is a privately held real estate investment and management firm founded in 1990 by Donald G. Abbey to acquire and manage value-added real estate investments for its own account. 

Since inception, the company has acquired a diverse commercial real estate portfolio in Central, Southern and Northern California.  

The company brings a unique and focused owner/operator perspective in identifying investment opportunities and executing management and leasing strategies to enhance asset value, generate attractive investment returns and maximize operating cash flow.

 Having successfully executed its business plan, the company has grown its current portfolio size to over 34 properties encompassing around three million square feet and approaching 800 tenants. 

For more information, please visit http://www.theabbeyco.com/.

 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 | hfflp.com

ohennessey@hfflp.com

www.anchorhealthproperties.com

.

HFF closes $11 million sale of value-add Denver-area retail center

  

Willow Creek Shopping Center, Centennial, CO

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $11 million sale of Willow Creek Shopping Center, a 163,412-square-foot, value-add retail center in the Denver suburb of Centennial, Colorado.

HFF marketed the property on behalf of the seller, and procured the buyer, an entity controlled by Miami-based Jewell Capital, LLC.

Willow Creek Shopping Center comprises three buildings and four freestanding pad sites, two of which were not included in the sale.

Originally completed in 1984 as a grocery-anchored center, the property was most recently renovated in 2005 and is home to a variety of tenants, including Vasa Fitness, Willow Creek Wine & Spirit, The UPS Store, Level 4 Yoga, Arc Thrift and Busy Little Hands. 

Willow Creek Shopping Center is situated on 21.4 acres at 8100, 8150, 8220, 8210, 8220 and 8260 South Quebec Street at the northeast corner of Quebec Street and County Line Road, which has a traffic count of more than 75,000 vehicles per day.  More than 105,900 residents earning an average annual household income of approximately $127,084 live within three miles of the center.

The HFF investment sales team was led by managing director Jules Sherwood.

“The buyer saw great long-term potential in this cash-flowing value-add asset,” Sherwood said.  “Its irreplaceable location at County Line and Quebec is a great fit for the investor’s long-term strategy.”

 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 | hfflp.com

ohennessey@hfflp.com

HFF closes the sale of Church Ranch Office Center in Westminster, CO

Church Ranch Office center, Westminster, CO

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Church Ranch Office Center, a two-building office complex totaling 183,664 square feet in the Denver community of Westminster, Colorado.

HFF marketed the property on behalf of a special servicer and procured the buyer, a large private equity firm based in New York City.

Jules Sherwood

Church Ranch Office Center is situated 10 miles north of Denver’s central business district at 10170 and 10249 Church Ranch Way.  

The 11.725-acre site is spread across two parcels and is close to U.S. 36 and Interstate 25, providing access to Boulder, Denver and the greater metro area.

  Completed in 2000 and 2001, Church Ranch consists of Building IV, which is a four-story, multi-tenanted property, and Building II, which is a two-story, single-tenant property.  At the time of sale, Church Ranch was 91 percent leased and 57 percent occupied.

The HFF investment sales team representing the seller was led by managing director Jules Sherwood.

 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 | hfflp.com

ohennessey@hfflp.com

HFF arranges $28 million refinancing for mixed-use building in Brooklyn’s Boerum Hill

110 4th Avenue, Boerum Hill Neighborhood, Brooklyn, NY

NEW YORK, NY -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $28 million refinancing for 110 4th Avenue, a mixed-use multi-housing, retail and office building in Brooklyn’s Boerum Hill neighborhood.

HFF worked on behalf of the borrower to secure a 10-year, fixed-rate, interest-only loan, which represented an estimated 75 percent loan to value.

Scott Aiese

110 4th Avenue has a mix of 49 studio, one- and two-bedroom residential units and 5,197 square feet of retail/medical office space on the ground floor.  Amenities include a concierge, common room and fitness center with most units featuring balconies and/or in-unit washers and dryers. 

Situated less than half of a mile southwest of Barclays Center, the property is near multiple subway stations, including the D, N, R, 2, 3, 4, and 5 trains.  The 100-percent-leased property was completed in 2007 and is subject to a 421a tax abatement.

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

“In a deal that had complicated rent abatements burning off over time, HFF sourced a group that was able to fully understand the intricacies of the underwriting and perform extremely well for the client, which is a testament to the quality of both the sponsor and the asset,” Aiese 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 | hfflp.com

ohennessey@hfflp.com

HFF closes sale of and arranges $9.5 million financing for Corporetum Office Campus VI in suburban Chicago

Rendering of Planned Corporetum Office Campus VI, Lisle, IL

                                                                                                    (photo by Connor Steinkamp)

 

Jaime Fink

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged the acquisition bridge financing for Corporetum Office Campus VI, a two-building office property totaling 168,698 square feet in the western Chicago suburb of Lisle, Illinois.

HFF marketed the property on behalf of the seller, Winthrop Liquidation Trust, and procured the buyer, Center Core Properties, an Evanston, Illinois-based real estate investment firm that targets opportunistic investments in up-and-coming markets. 

Additionally, HFF worked on behalf of the buyer to secure the three-year bridge loan through Thorofare Capital that includes a facility for capital improvements and leasing costs.

Corporetum Office Campus VI is located at 550 and 650 Warrenville Road within the larger Corporetum Office Campus in Lisle.  This location is adjacent to Interstate 88 near the Interstate 355 interchange and about 25 miles west of downtown Chicago and 25 minutes from both O’Hare International and Midway Airports.

Jeff Bramson

 The four- and five-story buildings are 83.2 percent leased to tenants, including Fairway Mortgage, Primera Engineers, ABM Janitorial, Circle K and United Health Care. 

Amenities at the two-building campus include a fitness center, conference center, on-site café and deli, outdoor tenant balconies and 575 surface parking spaces.

The HFF investment sales team representing the seller comprises Patrick Shields, Jaime Fink, Jeff Bramson and Bryan Rosenberg. 

HFF’s debt placement team consisted of Trent Niederberger and Christopher Carroll.

 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 | hfflp.com

ohennessey@hfflp.com

HFF secures $20 million refinancing for Eight-property retail portfolio in Texas

Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak (Dallas)

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $20 million refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172,152 square feet in various Texas cities.

HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank. 

Each of the properties is situated in highly-visible locations along the primary thoroughfare in each respective town and averages traffic counts of more than 51,000 vehicles per day. 

De'On Collins

The portfolio comprises Alamo Corners Shopping Center at 1449-1451 West Duranta Avenue in Alamo (southwest Texas); Dumas Corners Shopping Center at 2025 South Dumas Avenue in Dumas (Texas Panhandle); 

Hereford Corners Shopping Center at 701 25 Mile Avenue in Hereford (Texas Panhandle); Hudson Oaks Corners Shopping Center at 200 South Oakridge Drive in Hudson Oaks (Fort Worth);

Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak (Dallas); Sweetwater Corners at 301 Northeast Georgia Avenue in Sweetwater (Abilene); Victoria Corners II at 9104 North Navarro Street and Victoria Corners III at 8806 North Navarro Street in Victoria (south central Texas).

 Shadow anchored by Walmart stores, notable tenants of the 89.5-percent-leased portfolio includes Dollar Tree, Anytime Fitness, Sports Clips, GameStop, AT&T, Subway, UPS Store and CATO.

The HFF debt placement team representing the borrower was led by director De’On Collins.

 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 | hfflp.com

ohennessey@hfflp.com

https://n3realestate.com

HFF closes sale of and arranges financing for northeast Dallas, TX retail center

 

Aaron Johnson

DALLAS, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged financing for Northview Plaza, a 116,099-square-foot, grocery-anchored community shopping center in northeast Dallas, Texas.

HFF marketed the property on behalf of the seller, California-based MDT Properties.  A partnership between Foundry Commercial and Stockbridge purchased the asset free and clear of existing debt.

Additionally, HFF worked on behalf of the new owners to place the floating-rate loan with First Midwest Bank.  Loan proceeds will be used to fund the acquisition and capital improvements at the property.

Situated on 15.46 acres at 10675-10677 East Northeast Highway in the northeastern part of Dallas, Northview Plaza is located at the intersection of the Northwest Highway and Plano Road, which have combined traffic counts of approximately 51,771 vehicles per day.

  The center is located in an urban infill location inside the Interstate 635 loop between the Lake Highlands and White Rock Lake neighborhoods, both of which have seen significant gentrification since 2010.

Ryan Shore

 More than 122,000 residents with an average annual household income of $78,000 live within three miles of the center. 

Completed in 1991, Northview Plaza is 86 percent leased to a mix of national and local retailers and restaurants, including Kroger, Petco, Allstate Insurance, T-Mobile, Go 4 It Sports Grill, Great Clips McDonald’s and White Rock Chiropractic.

The HFF investment sales team representing the seller was led by director Aaron Johnson, managing director Ryan Shore and senior managing directors Jim Batjer and Barry Brown.

The debt placement team representing the new owner was led by senior director Jim Curtin.

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 | hfflp.com

ohennessey@hfflp.com

www.firstmidwest.com

 http://stockbridge.com

www.foundrycommercial.com.

http://www.mdtproperties.com.

HFF secures $12 million refinancing for RV park in Oceanside, CA

  

Zach Koucos

SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $12 million refinancing for Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside, California.

Working on behalf of the borrower, Pacific Current Partners, HFF placed the interest-only, floating-rate loan through Prime Finance.

Oceanside RV Park is located at 1510 South Coast Highway steps from the beach and proximate to Interstate 5 and Routes 76 and 78, providing access to nearby cities in Southern California.

 The coastal resort community is situated on two parcels totaling 7.37 acres along the famed Pacific Coast Highway. Amenities include a clubhouse, swimming pool, spa, showers, pet area, laundry room, free WiFi, extensive landscaping and full hook-ups for all RV spaces.

The HFF debt placement team representing the borrower was led by senior director Zach Koucos and director Chris Collins.

“This was a unique assignment where we had to cover a wide array of capital providers to source the most optimal financing,” Koucos said.  “The team at Pacific Current Partners are true experts in the mobile home/RV industry, and have added tremendous value to this asset.”

Thom Niederkofler of Pacific Current Partners added, “What’s great about this loan is that it allows us to continue reinvesting in the park to improve the amenities and experience for our valued guests, while providing a healthy distribution to investors.”

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 | hfflp.com

ohennessey@hfflp.com

New Hire in JLL Phoenix Office Expands Company’s National Property Tax Practice

  

 

Domingos Santos Jr.

 PHOENIX, AZ – JLL announced it has expanded its national property tax practice, adding Domingos Santos, Jr. as a Senior Vice President in the JLL Phoenix office. Santos joins three other new U.S. team members who, along with Santos, Jr., will report to David Dodd, Executive Vice President for JLL’s Valuations and Advisory Services.

“We are committed to growing our national property tax group, and each of our new hires has the right experience and industry knowledge to enhance our service offerings,” said Dodd. “Growing our team enables us to offer our clients a wider range of expertise and expands our geographical footprint.”

“Domingos represents a key strategic hire in the Southwest Region and establishes property tax advisory as part of our full-service offering to clients,” said JLL Market Director Peter Belisle.

Santos, Jr. will lead JLL’s property tax services in Arizona, specializing in assisting clients pursuing value-add real estate strategies and those challenging or defending property tax valuations.

 He joins JLL’s Valuation and Advisory Services team, part of a global network comprised of experienced, licensed, qualified appraisers who use local insights and years of expertise to deliver accurate, reliable and prompt valuations.

 In 2016, this team completed over 11,000 assignments totaling more than $56 billion in asset value. For further information, visit us.jll.com/valuation-advisory.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen Negotiates Five-Year Lease at Silver Star Shopping Center in Orlando, FL for Post Secondary Health School

Alex Rowlinson

ORLANDO, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently negotiated a five-year lease agreement for 2,696 rentable square feet at Silver Star Shopping Center, 5314 Silver Star Rd., Orlando. 

Hold-Thyssen Leasing Associate Alex Rowlinson brokered the transaction on behalf of the landlord, a south Florida investor. 

The new tenant is The Center For Professional Training and Development, Inc. 

Rowlinson said the post secondary health care school that has been in business over 20 years, chose their new location for its close proximity to Evans High School where students as well as the Pine Hill Community will benefit from this type of educational facility.

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.

Hold-Thyssen negotiates long-term lease at 222 South New York Ave. Building in Winter Park, FL with Premier Sotheby’s International Realty

 

Darby Hold

 WINTER PARK, FL--- Hold-Thyssen, Inc., a full service real estate services firm recently negotiated a new five-year lease of the first floor at 222 S. New York  Ave. in Winter Park. 

Hold Thyssen’s Darby Hold negotiated the lease representing the Landlord, Olde Town Holdings, LLC,   

 The new tenant, Premier Sotheby’s International Realty, leased the space consisting of 2,180 rentable square feet for its Winter Park office that will open Sept. 1.   

The luxury real estate brokerage, with offices throughout Florida and the Carolinas, has over 40 locations worldwide.

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.