Regency Centers Acquires Roosevelt Square in Seattle, WA

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Craig Ramey

SEATTLE, WA  (BUSINESS WIRE)---- Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers has acquired Roosevelt Square, a 150,000-square foot, multi-level neighborhood shopping center in Seattle, Washington.

Anchored by Whole Foods market, this property is currently 100% leased and surrounded by powerful demographics in a premier trade area.

“This is a great asset and fit for our continued expansion in the market,” said Craig Ramey, Managing Director for Regency Centers.

Roosevelt Square, Seattle, WA

“This adds to our urban platform that we continue to build with acquisition and development of best-in-class shopping centers," Ramey said.

 "We want this place to continuously be a relevant and experiential draw for the neighboring communities, and the proximity to the University of Washington and active lifestyles will ensure that Roosevelt Square continues to be the favorite place for customers to meet friends, shop and dine.”

Roosevelt Square’s acquisition makes it the 11th addition to Regency’s presence in the market at approximately 1.5 million square feet of community-serving retail. Other properties include Broadway Market, Grand Ridge Plaza, Klahanie Shopping Center, and Sammamish Highlands.

For more information on this transaction, please contact:

Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication Manager
EricDavidson@regencycenters.com
or
Craig Ramey, 503-603-4726
Managing Director, Pacific Northwest, Northern California, and Colorado
CraigRamey@regencycenters.com

HFF announces $36.5 Million sale of two Class A office buildings in Durham, NC

Central Park South and West, Durham, NC

CHARLOTTE, NC –– HFF announces the $36.5 million sale of Central Park South and West, a two-building office campus totaling 223,370 square feet in Durham, North Carolina.

Ryan Clutter

The HFF team marketed the property on behalf of the seller, James Campbell Company, LLC, and procured the buyer, Lincoln Advisors, on behalf of a public pension fund client.

Central Park South and West is situated on 18.3 acres at 5001 and 5003 South Miami Boulevard in the RTP/I-40 submarket. 

 This location offers convenient access to Interstates 40 and 540, the areas two primary transportation nodes, and is just three miles from Raleigh-Durham International Airport and across from Research Triangle Park.

 Additionally, the immediate area offers an abundant retail amenity base, including The Shops at Imperial Point and Shiloh Crossing Retail Center, and two hotels directly across Central Park Drive from the assets; Hotel Indigo and Homewood Suites. 

Central Park South and West are 76 percent leased to 15 tenants, including Ashfield Healthcare, Weatherby Healthcare and Fidelity Information Systems.  The property features efficient floor plates, superior glass lines and abundant parking through surface and structured parking resulting in a parking ratio of 5.3 spaces per thousand square feet, an attractive advantage in the Raleigh-Durham market.

Scot Humphrey

 The offering also included two developable land sites totaling 3.06 acres for additional office development or parking.

The HFF investment sales team representing the seller included senior managing director Ryan Clutter, senior director Scot Humphrey and director Chris Lingerfelt.

“The sale of the Central Park assets demonstrates yet again the growing investor appeal of the Raleigh-Durham market,” commented Clutter.  “This was one of the most competitive offerings our team worked on in 2017 with a considerably deep pool of interested buyers.

 “We believe well located assets in the Carolinas and Raleigh-Durham in particular, will continue to see strong interest from institutional capital for the foreseeable future with 2018 likely to see record capital flows into the market.”

“Given the recent surge in new job announcements and corporate relocations in Raleigh-Durham – mostly from fast-growing technology companies – Central Park is poised to benefit from what we expect will be another year of very healthy demand for office space in the market,” added Humphrey.         

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

For more information on this news release, please contact:

Kristen Murphy

Director, Public Relations

T: 617-848-1572

 |  M: 617-543-4873

krmurphy@hfflp.com

www.jamescampbell.com

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Fine Arts Shipping and Storage Provider Cadogan Tate Triples its South Florida Footprint

Judy Dolan

FORT LAUDERDALE, FL– Cadogan Tate Miami, a fine arts shipping and storage provider, has tripled its footprint in South Florida.

The company leased 31,063 square-feet of warehouse space at Plantation Technology Park, located at 1800 N.W. 66th Ave. in Plantation. Cadogan Tate’s South Florida operations were previously located in Miami.

Keith Graves

“Cadogan Tate provides storage, installation and shipping services of fine art to collectors, galleries and museums around the world from locations in England, New York City, Los Angeles, London, Paris and Cote d’Azur,” said Judy Dolan, senior vice president of Berger Commercial Realty/CORFAC International, who represented Plantation Technology Park in the deal along with brokers Keith Graves and Jonathan Thiel.

“With South Florida continuing to flourish as a global art hub, the company required a large space with convenient access to ground and air transportation.”

Owned by CoFe Fund 1 – Plantation, LLC, Plantation Technology Park is a 96,160 -square-foot flex property near major roadways including Florida’s Turnpike and I-95.

Berger Commercial Realty has leased and managed the property since 2012, when Dolan represented CoFe in the $8.85 million purchase of the buildings at 1700-1800 N.W. 66th Avenue.

Jonathan Thiel

For more information about Plantation Technology Park, call Berger Commercial Realty at 954-358-0900.

  

For more information on the CORFAC network, call 224.257.4400.

For more information on this transaction, please contact:

 954-776-1999

Pierson Grant Public Relations

Lexi Robinson, ext. 255,

 lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

www.bergercommercial.com.

www.corfac.com.