The Keyes Company’s Nash Group Selected to Sell H. Wayne Huizenga Jr. Lakefront Estate in Suburban Delray Beach, FL

H. Wayne Huizenga Jr.

DELRAY BEACH, FL – Billy Nash of the Keyes Company’s Nash Group has announced the listing of H. Wayne & Fonda Huizenga Jr.’s lakefront estate home at the exclusive Stone Creek Ranch in Suburban Delray Beach. The home is being marketed by the Nash Group with an asking price of $ 6,750,000.

Billy Nash

Custom built in 2007, 16191 Quiet Vista Circle sits on five exquisitely landscaped acres of land – the largest lakefront lot in Stone Creek Ranch - and measures in at 11,000 square feet under air.

The seven-bedroom, 10-bathroom residence features an in-ground pool that frames a breathtaking unobstructed view of the sunset. The interior of the home has recently been completely updated by Tim Ellis, and the elegant master suite was redesigned by the Palm Beaches’ renowned luxury designer Annie Santulli, founder of Santulli designs.

Fonda Huizenga

 Stone Creek Ranch is one of Palm Beach’s most exclusive communities, providing a serene environment for each of its 37 estates. It is centrally located between Delray’s white sandy beaches and the Wellington equestrian scene, near top trending local restaurants, and Atlantic Avenue - one of USA Today’s “10 Great American Shopping Streets.”

“Billy Nash and his Nash Group are perfectly suited to market this one-of-a-kind home on behalf of the Huizenga family,” said Keyes President and CEO Mike Pappas. “The power of the Keyes brand and infrastructure, combined with the creativity of the Nash Group, result in world-class global offerings of luxury real estate.”

Mike Pappas

Huizenga Jr. is the CEO of Rybovich Marina and president of investment company Huizenga Holdings, Inc. He is the son of businessman H. Wayne Huizenga, the former owner of the Miami Dolphins, Florida Panthers and Miami Marlins.

“We are honored to serve as the exclusive listing agent for this truly stunning home,” said Nash, who has spent nearly 25 years working with and advising ultra-high-net-worth individuals and their families.

 “It is perfect for everything from hosting large private events to simply enjoying the South Florida lifestyle with family and friends. Our team will be generating interest in the property both locally and around the world"

Annie Santulli

In June, Nash closed the $7.5 million sale of a compound at golfer Jack Nicklaus’ Bear’s Club in Jupiter, making it the second highest sale in the luxury residential and golf course community in nine years.

Over the last 18 months, Nash has surpassed the $25 million mark in transactions. Nash is also currently marketing a $33 million dollar Compound on Key Biscayne for the former Chairman of Live Nation and Rolling Stones touring manager Michael Cohl.

 For more information on this press release, please contact: 

HSA Commercial Inks 98,251 SF Lease with Eagle Foods at Delany Commerce Center in Waukegan, IL

Robert Smietana

CHICAGO, IL — HSA Commercial Real Estate announced the firm has signed a 98,251-square-foot, long-term lease with Eagle Foods at Delany Commerce Center in Waukegan, Ill.

Eagle Foods – a manufacturer and distributor of household food products such as G.H. Cretors and other specialty popcorn brands, as well as sweetened condensed and evaporated milk – will take occupancy of its premises in December after an interior build-out is completed.

The 218,500-square-foot building at 2431 Delany Road, which is now fully leased, is the first distribution facility at Delany Commerce Center, developed by Chicago-based HSA Commercial Real Estate in partnership with Washington Capital Management, Inc.

 Delany Commerce Center also includes a 12-acre lot available for larger, build-to-suit requirements or future speculative development.

“Given the lack of supply of Class-A industrial space in Lake County, we are interested in exploring future development opportunities for the 12-acre land site at Delany Commerce Center,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate.

“As more prestigious brands like Eagle Foods continue to move into the area and experience the benefits of the location and its convenient accessibility to Interstate 94 and Highway 41, we believe that will only encourage further development.”

Tim Thompson, executive vice president and managing director of the Industrial Services Division of HSA Commercial Real Estate, represented ownership in the lease transaction. Ed Lowenbaum of Lowenbaum REP represented the tenant.

For more information on this press release, please contact:

Rebecca Boykin, rboykin@taylorjohnson.com (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.wcmadvisors.com

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HFF announces sale of single-tenant Whole Foods Market in Tampa, FL

Whole Foods Market, Carrollwood, Tampa, FL

Daniel Finkle

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 36,900-square-foot, single-tenant building occupied by Whole Foods Market in the affluent Carrollwood community of Tampa, Florida.

The HFF team marketed the property on behalf of the seller, Weingarten Realty Investors. 

Completed in 2012, the building is 100 percent leased to Whole Foods Market, the world’s leading natural and organic foods supermarket.  The property is situated on 6.33 acres at the southwest corner of the intersection of Northdale Boulevard and Dale Mabry Highway, one of Tampa’s premier north-south commercial corridors.

 The building is visible to approximately 80,000 vehicles per day and is one of only three Whole Foods Markets within the entire Tampa-St. Petersburg MSA.  More than 72,700 residents earning an average annual household income of $92,355 reside within a three-mile radius of the property.

The HFF team that represented the seller included senior managing director and co-head of HFF’s retail practice Daniel Finkle, managing director Luis Castillo and director Eric Williams.

“This property represented the incredibly rare opportunity to acquire a single-tenant Whole Foods Market under a long-term lease serving one of the most desirable communities in the Tampa MSA,” Williams said. “Amazon’s acquisition of Whole Foods further enhanced the overall investment profile of this asset.”

For more information on this press release, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

www.weingarten.com

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HFF announces refinancing of 623-room Boston-area hotel portfolio

WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announces the refinancing of a three-property hotel portfolio totaling 623 rooms in the Boston-area communities of Natick and Somerville, Massachusetts. 

The HFF team worked on behalf of the borrower, Distinctive Hospitality Group, to place the 10-year, fixed-rate loan with Bank of America’s CMBS Group.  Additionally, HFF will service the securitized loan, proceeds of which will be used to refinance existing debt and reinvest in the property.

Mark Remington

The portfolio comprises the 251-room VERVE-Crowne Plaza Boston-Natick and the 188-room Hampton Inn Boston-Natick in Natick and the 184-room Holiday Inn Boston Bunker Hill Area in Somerville. 

The Natick hotels are located near one another adjacent to the 1.66-million-square-foot Natick Mall and approximately 20 miles west of downtown Boston. Crowne Plaza Boston-Natick, located at 1360 Worcester Street, was completed in 1985 and most recently renovated in 2012.

 It features a fitness center, business center, 17,000 square feet of event space, the Pantry Restaurant and full-service restaurant The Violet Thorn.  The Hampton Inn Boston-Natick is located one mile from the Crown Plaza Boston-Natick at 319 Speen Street. 

Completed in 1976 and renovated most recently in 2008, the hotel features a fitness center, business center, complimentary breakfast, 12,000 square feet of meeting space and the SKYBOKX 109 GastroSports restaurant open for lunch and dinner. 

Located at 30 Washington Street in Somerville, the Holiday Inn Boston Bunker Hill Area is four miles from downtown Boston and two miles from the academic hub and pharmaceutical companies located in Cambridge.  The BCEC & Hynes Convention Center, Fenway Park, Harvard Square, New England Aquarium and Boston State House are all within five miles of the hotel. 

Evan Parker

Completed in 1974 and renovated between 2012 and 2013, Holiday Inn Boston Bunker Hill Area features a fitness center, basketball court, indoor pool, business center 9,700 square feet of meeting and event space and the DRAFT restaurant and lounge.

The HFF debt placement team representing the borrower included managing director Mark Remington, senior director Alan Suzuki and associate Evan Parker.

“This was a win-win for all parties; the lender gets to book a loan on three high-quality hotel assets in the suburbs of Boston, and our client gets a competitive rate and sufficient proceeds to implement its long-term business plans,” Remington said.

For more information on this press release, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

https://www.distinctivehospitalitygroup.com.

Overall Mortgage Price Remains Tight, Says Real Estate Capital Institute

John Oharenko

Chicago, IL - The final quarter of 2017 begins with

interest rate expectations seen earlier in the year.  Investors are hoping

for more normalized conditions less prone to shocks from global politics and

natural disasters.  Considering such conditions, realty finance trends

revolve around benchmark yields, risk pricing and liquidity, as discussed

below.

Benchmark Yields:  With longer term treasuries floating in the

2.25%-or-greater-range. Fed watchers expect inflation at about the same

level, approximately 2.5%.  Many hope the economy will run along a steady

pace without any inflation fuel.  The Fed's objective focuses on reducing

the $4.5 trillion balance, with as many as four quarter-point rate hikes

during the next two years.  Consequently, mortgage pricing expected to

steadily climb as well.

Risk Pricing:  Overall mortgage pricing remains tight, as a wide spectrum of

lenders compete for long-term permanent loans within a historically narrow

range of 3.5% to 5%+ for funding traditional property types.  Higher-risk,

value-add perm loans generate pricing still below the double-digit range.

Mezzanine, preferred equity and other "stretch" debt is freely available,

directly competing with lower-yielding equity returns - often in the

higher-single-digit to lower-teens range.

Liquidity:  For any reasonable quality cash-flowing asset, funds are readily

available from multiple sources.  With realty capital liquidity at peak

levels, agencies, LifeCos, banks, conduits and debt funds abound. Agencies

demand loans as year-end goals need to be met, so multifamily borrowers

enjoy the best loan terms of any asset class.  LifeCos comfortably meet

funding objectives, with additional capital allocations available for next

year.  However, the need to "reach" for deals is less prevalent for this

year, as 2018 goals will be announced.  Banks cautiously monitor HVCRE

requirements, but still need deal flow for profitability. Wall Street

tightens spreads as to more selective buyer pools seek higher-quality

offerings.  Debt funds lurk at the upper end of the yield curve, taking on

construction and value-creation transactions.

Mr. John Oharenko, Director of The Real Estate Capital Institute(r),

suggests, "While expectations are for more Fed rate hikes during the next

two years, the need to do so is limited.  Global uncertainly, and other

events such as natural disasters, drive debt markets more than economic

policies."

For more information on this press release, please contact:

John Oharenko, Executive Director

Real Estate Capital Institute,

3517 West Arthington Street

Chicago, IL USA 60624

director@reci.com

Emerson International Negotiates Long Term Retail Leases at Eagle Creek in Southeast Orlando, FL

Zac Starkey

ORLANDO, FL --- Emerson International recently closed on two long-term lease agreements at the Eagle Creek Retail Center, 9717 Eagle Creek Center Blvd. adjacent to its Eagle Creek Golf Club development off Narcoossee Road in Southeast Orlando.  

Broker Associate Zac Starkey negotiated both transactions representing the landlord/developer, Emerson International, Inc. 

Dr. Nadya Aldochine has leased 2,299 square feet for her Life Enhancing Dentistry practice.  She was represented in the transaction by Mike Ruso of Carr Healthcare Realty.

State Farm Insurance leased 1,130 square feet.

The 22,000 square foot Eagle Creek Retail Center is currently 100 percent leased.

Emerson International, a wholly owned subsidiary of The Emerson Group, is a global corporation that is one of the largest privately-owned property development companies.

For more information on this press release, please contact:

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