$24.05 Million Investment in 200-Unit Community Marks Federal Capital Partners’ Sixth Tampa, FL Investment in 18 Months

The Commons Apartments, North Tampa, FL

Chevy Chase, MD – Federal Capital Partners® (FCP) has acquired The Commons Apartments, a 200-unit, garden-style apartment community in Tampa, FL for $24.05 million. Conveniently located of Dale Mabry Highway in North Tampa, The Commons offers an unusually large selection of two, three and four-bedroom, family-friendly units minutes from schools, parks, transportation corridors and major employers.

Elliott Throne

“FCP is pleased to add The Commons to our growing portfolio of apartment communities in Florida,” said FCP Vice President, Jason Ward. He continued, “The location, the extraordinarily large units and access to excellent schools, the Westshore Business District and other major employers and nearby amenities makes this a very strategic addition to our Tampa communities.”

FCP has made six investments in Central Florida in the past 18 months with the company’s portfolio now consisting of 815 operating multifamily units in addition to 603 financed units under development. FCP maintains a Florida office in Miami under the leadership of Bruce Gago.

The Commons features amenities that include a barbeque and picnic area, playground, dog park, a clubhouse, swimming pool along with spacious, air-conditioned units with private balconies, kitchen pantries, oversize closets and other family-oriented features. FCP will be making capital improvements to the community including the conversion of the leasing office to a gym and the addition of washers and dryers to the individual units.

FCP extends its appreciation to Matt Mitchell and Zach Nolan of HFF who represented the seller as well as Elliott Throne and Preston Reid of HFF for representing FCP in securing financing.

 For more information on this press 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

www.fcpdc.com.

HFF announces sale of 291-unit apartment community in Centennial, CO

 

Jordan Robbins

 DENVER, CO – October 12, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Greenwood Park, a 291-unit apartment community in Centennial, Colorado.

The HFF team marketed the asset exclusively on behalf of the seller, and procured the buyer, a joint venture between Holland Partner Group and Principal Real Estate Investors.

Greenwood Park comprises a mix of one- and two-bedroom units averaging 1,017 square feet.  Units feature built-in shelving, garden tubs, gas fireplaces, in-unit washers and dryers, walk-in closets and attached garages.

 The 13.4-acre community is located at 6565 S. Syracuse Way in Denver’s booming Tech Center submarket positioning it near many major employers, including seven Fortune 500 headquarters.

 Additionally, Greenwood Park is convenient to the Arapahoe at Village Center Light Rail station and Interstates 25 and 225, providing access around the Denver metropolitan area.  Common area amenities include a heated swimming pool, hot tub, fitness center, media room and business center.

The HFF investment sales team representing the seller included managing director Jordan Robbins and directors Jeff Haag and Anna Stevens.

 For more information on this press 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

HFF announces $20 Million sale of 81-unit apartment property in Kent, WA

  

Arterra Townhomes, Kent, WA                                       (Photo by Red Studio Inc.)   

                                                                                                         

            

Ira Virden

                                            PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announces $20 million sale of Arterra Townhomes, an 81-unit, garden-style apartment property in Kent, Washington.

The HFF team marketed the property exclusively on behalf of the seller, a joint venture between PCCP, LLC and Westbridge Properties LLC.  Meter Properties purchased the asset free and clear of existing financing.

Arterra Townhomes features spacious townhome-style units averaging 1,376 square feet with community amenities, including a swimming pool, fitness center, playground, clubhouse and business center.

 The property is situated on nearly five acres at 10031 SE 258th Place in the heart of one of Kent’s major retail corridors placing it less than two miles from the Kent Station mixed-use development, which features office space, a movie theater and numerous retail and entertainment options. 

Christopher Ross

Additionally, Arterra Townhomes offers nearby access to multiple forms of public transportation and major roadways, including Interstate 5 and State Route 167, servicing the Puget Sound area.  The property is 97.53 percent leased.

The HFF team representing the seller included director Christopher Ross and managing director Ira Virden.

“With only a handful of renovated units, Arterra offers a tremendous value-add opportunity in one of the strongest submarkets in the region,” Ross said.  “The large townhome-style units offer residents a unique floorplan that provides an affordable alternative to purchasing a single-family residence.”

 For more information on this press 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

HFF announces sale and financing of 21-building industrial portfolio in the Chicago MSA

Jaime Fink

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and acquisition financing for a 21-building industrial portfolio totaling 2.3 million square feet in eight different submarkets of Chicago, Illinois.

The HFF team represented the seller, CenterPoint Properties. A joint venture between Westmount Realty Capital, LLC and Partners Group, a global private markets investment manager acting on behalf of its clients, purchased 21 of the properties in the portfolio.

 Additionally, working on behalf of the new owner, the HFF team placed the three-year, floating-rate loan with two one-year extension options with a banking and financial services corporation.  A private investor purchased a 22nd property.

The portfolio is 95.6 percent occupied by 24 tenants, including those in the automotive, food packaging, landscaping, consumer goods, fitness and electronics industries. The buildings, which were constructed between 1954 and 1998, range from 15,000 to 530,000 square feet with clear heights ranging from 12 to 30 feet. 

HFF’s investment sales team included senior directors Kurt Sarbaugh and Robin Stolberg along with executive managing director Matthew Lawton and senior managing directors John Merrill, Jeff Bramson, Jaime Fink and Rusty Tamlyn.

Rusty Tamlyn

HFF’s debt placement team representing the borrowers consisted of managing director Stephen Skok and director Christopher Knight.

“The sale of these assets is a strategic step to enhancing our company’s overall portfolio, which we continue to strengthen by investing in diverse, transportation-advantaged properties in coastal and inland port markets,” said Jim Clewlow, Chief Investment Officer at CenterPoint. “We thank HFF for their representation and efforts in this disposition.”

CenterPoint will retain more than 31 million square feet of industrial space in the greater Chicago market, and the company will continue to develop more than two million square feet of new space in Chicago each year.

 For more information on this press 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

www.centerpoint.com

 or follow @centerpointprop on Twitter.

www.partnersgroup.com.

www.westmountrc.com.

HFF announces $421M sale of 1800 M Street in Washington, D.C.

  

1800 M Street Office Building, Downtown Washington, DC
                                                                                                                   (Photo by Nick Waring)

Andrew Weir

WASHINGTON, D.C. -– Holliday Fenoglio Fowler, L.P. (HFF) announces the $421 million sale of 1800 M Street, a 580,930-square-foot, recently repositioned, Class A office building in Washington, D.C.

The HFF team represented the seller and procured the buyer, a joint venture between Columbia Property Trust and Allianz Real Estate of America, Inc. 

1800 M Street is a 10-story office building situated at the corner of 18th and M Streets in Washington, D.C.’s Golden Triangle area.  The asset has a Walk Score® of 99 and is less than a five-minute walk from Farragut Square, Dupont Circle, Restaurant Row and Connecticut Avenue.

 Additionally, it is positioned within a short walk of Washington, D.C’s most popular residential neighborhoods of Logan Circle, Dupont Circle and Georgetown and is within blocks of three Metro stations (Dupont Circle, Farragut North and Farragut West).

 Recently repositioned and renovated, 1800 M Street is 94 percent leased to 34 tenants and features nine corner offices per floor, versatile dual core floor plates, dual lobbies, a roof top deck and a best-in-class fitness center.

Jim Meisel

The HFF investment sales team representing the seller included senior managing directors Andrew Weir and Jim Meisel, executive managing director Stephen Conley and director Matt Nicholson.

The marketing effort was further supported by HFF’s national co-head of investment sales Manny de Zárraga and HFF’s Global Capital Team comprised of senior managing directors Dan Cashdan, Riaz Cassum, Coleman Benedict and Gerry Rohm.

For more information on this press release, please contact:

Kristen Murphy

 Director, Public Relations

 One Post Office Square Suite 3500

 Boston, Massachusetts 02109

 T: 617-848-1572  M: 617-543-4873

 krmurphy@hfflp.com

HFF announces $25M sale of community shopping center in Palm Beach Gardens, FL

LA Fitness Plaza Shopping Center,  Palm Beach Gardens, FL

Daniel Finkle

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $25 million sale of LA Fitness Plaza, a 105,453-square-foot, fitness- and food-anchored community shopping center in the South Florida community of Palm Beach Gardens.

The HFF team marketed the property on behalf of the seller, Barings Real Estate Advisers on behalf of an institutional investor.  Fondo Atlas purchased the retail center free and clear of financing.

“LA Fitness Plaza performed well and delivered attractive returns for our client during our ownership period,” said Dave Romano, managing director at Barings Real Estate Advisers.  “The HFF team did an excellent job marketing the property for sale, and we wish Fondo Atlas much success with the property going forward.”

Situated on 14.02 acres at 7100 Fairway Drive, the center is at the entrance to PGA National Resort & Spa and has exposure from approximately 120,000 vehicles per day from its high-trafficked location at the intersection of PGA Boulevard and Fairway Drive, along with 1,000 feet of frontage on Florida’s Turnpike.

Kim Flores

LA Fitness Plaza is in one of Palm Beach County’s most affluent communities, and more than 51,576 residents earning an average annual household income of $108,843 live 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, director Eric Williams and senior associate Kim Flores.

“There continues to be strong investor demand for high-quality fitness-anchored shopping centers, and LA Fitness Plaza was no exception,” Castillo said.

For more information on this press release, please contact:

Kristen Murphy

 Director, Public Relations

 One Post Office Square Suite 3500

 Boston, Massachusetts 02109

 T: 617-848-1572  M: 617-543-4873

 krmurphy@hfflp.com

www.barings.com.