Long Beach Exchange Announces New Tenant Lineup at The Hangar in East Long Beach, CA

LONG BEACH, CA – Long Beach Exchange, a new retail and lifestyle destination in East Long Beach that is comprised of favorite national, regional and local retailers, eateries and boutique fitness offerings, continues to announce the addition of exciting tenants to its roster.

 A few of Long Beach Exchange’s (LBX) larger retailers include Wholefoods 365, PetSmart, T.J. Maxx, ULTA Beauty and Nordstrom Rack — a lineup which will soon be joined by an engaging and innovative mix of local and regional purveyors of food, fashion, and more at The Hangar. 

Stephen Thorp

 Designed as the dynamic heart of LBX and to pay homage to the site’s rich aviation history, The Hangar is a 16,800-square foot enclosed hangar-inspired space with soaring, exposed-beam ceilings and a modern industrial feel and is slated to open in late summer/early fall 2018.

“The Hangar will be a place unlike anywhere else in Long Beach,” says Steve Thorp, Partner at Burnham-Ward Properties –the developers, owners and operators of LBX. 

 “At The Hangar, the community will come together to enjoy delicious and unique food, beverage and retail offerings from the region’s most innovative talents. It’s a space designed for community, celebration, new discoveries and fun.”

Thorp adds, “It was important for us to honor the history of Long Beach, and of this site in particular, throughout the development and building of Long Beach Exchange and The Hangar.
 “Our mission is to ‘Build Community Through Property,’ and we are pleased to be doing that at LBX in meaningful ways — ranging from the incorporation of authentic historical elements to aviation-inspired architecture to a tenant mix that celebrates and enhances the experience of this area for residents and visitors, alike.”

For more information, please contact:

Miki Akil/ Carrie Williams

Kitchen Table PR832.260.4414

miki@kitchentablepr.com 

or

Jordan Kruk

Kitchen Table Marketing + PR

714.928.5085

Jordan@kitchentablepr.com

www.kitchentablepr.com

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www.bitemi.com

http://donerg.com/

https://www.bottlecraftbeer.com/

http://www.thekroft.com/

http://www.portolacoffeelab.com/ 

http://www.pop-bar.com

http://thecellarsite.com/black-sheep-gcb/

HFF announces $28.5 million refinancing for Class A industrial warehouse in North New Jersey

350 Clark Drive Warehouse, Mount Olive, NJ

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $28.5 million refinancing for 350 Clark Drive, a three-building Class A industrial warehouse facility totaling 443,030 square feet in the North New Jersey community of Mount Olive, New Jersey.

Greg Nalbandian

The HFF team worked on behalf of the borrower, Commercial Realty Group (CRG), to place a 10-year, fixed-rate loan with John Hancock Real Estate Finance Group.  Additionally, HFF will service the loan.

The industrial facility at 350 Clark Drive was originally constructed to house the headquarters of Calvin Klein Cosmetics and is now 97.1 percent leased to office and industrial tenants. 

Divided into three contiguous components called Building A, B and C, the property features 24- to 30-foot clear heights, 26 loading docks, two drive-in doors, 42- by 34-foot column spacing, 20,000-square-feet of freezer space and 22.9 percent office finish. 

Situated on 20.2 acres in the Route 80 Corridor Industrial submarket, 350 Clark Drive is within the International Trade Center (ITC), a master planned industrial park located along Interstate 80 and one of five designed Foreign Trade Zones (FTZ) in New Jersey. 

Tim Mason

The property’s Interstate 80 location provides access to the rest of Northern New Jersey in addition to New York City, eastern Pennsylvania, New York State and the Northeast and the Mid-Atlantic regions.

The HFF debt team representing CRG included senior managing director Greg Nalbandian and analyst Tim Mason. 

“The HFF investment advisory team sold this asset to CRG less than three years ago,” Nalbandian said.  “In this short period of time, CRG increased the NOI by more than $1 million through aggressive lease-up of vacant space, renewing tenants at market rents and reduction of operating costs. 

"CRG also completed a building upgrade package and remedied deferred maintenance.  The substantial value creation allowed CRG to execute its value-added neighborhood model for a full cash out of the sponsor’s equity, which they intend to redeploy into other value-add opportunities.”

  

HFF and Holliday GP Corp. are licensed New Jersey real estate brokers.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

crg-realty.com. 

HFF announces $99.4 million sale and $69.2 million financing of 52-building industrial portfolio in Dallas-Fort Worth and Atlanta

Part of Industrial Portfolio in Dallas-Fort Worth, TX
and Atlanta, GA Submarkets

Adam Herrin

 

DALLAS, TX –– HFF announces the $99.4 million sale of and the $69.2 million acquisition financing for an 11-asset, 52-building industrial portfolio totaling 1.63 million square feet in infill, established industrial submarkets in the Dallas-Fort Worth and Atlanta MSAs.

The HFF team marketed the property on behalf of the seller, Berkeley Partners.  

A partnership led by Circle Industrial with the FREO Grouppurchased the assets.  

Additionally, working on behalf of the new owner, the HFF team placed the three-year, floating-rate acquisition loan with two one-year extension options with CIBC. 

The 87.3-percent-leased portfolio includes seven DFW-area properties that total 1.07 million square feet in five industrial markets, South Fort Worth, North Fort Worth, Northeast, South Stemmons and Metropolitan/Addison. 

Stephen Bailey

 The 28 buildings are categorized as either warehouse or light industrial and are leased to 149 tenants. 

 The four remaining portfolio properties are housed in the Atlanta area and comprise 24 light industrial buildings totaling 558,583 square feet all in the Doraville Industrial market.  The Atlanta properties are home to 183 tenants.

The HFF investment advisory team representing the seller included managing director Adam Herrin, director Stephen Bailey and senior managing director Chris Norvell along with managing director Ralph Smalley.

The HFF debt placement team representing the borrower included executive managing director Kevin MacKenzie, senior director Jeff Sause, director Michael Cosby and analyst Spencer Richley.

Chris Norvell

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

Founded in 2005, Berkeley Partners has formed a series of funds focused on the light industrial sector. 

The partnership includes a seasoned team of professionals with diversified experience in fund management, real estate investment, and property and leasing management.  

The company and its affiliated entities make-up a vertically integrated real estate operating company, which has demonstrated an ability to manage investments, operations and dispositions through market cycles.  

Berkeley Partners' industrial platform currently has assets under management totaling over $425 million, including value-add and core-plus strategies.  The company's investors include large pension plans, insurance companies, endowments, foundations and family offices.  Learn more at http://www.berkeleypartners.com.

Ralph Smalley

Circle Industrial is an industrial sector specialist focused on the acquisition, development and operation of properties in select major U.S. markets with high barriers to entry.  For more information, visit http://www.circle-industrial.com.

Established in 1996, FREO Group is an independent international investor, developer, and asset manager of high quality commercial real estate, with over $2 billion in assets under management in 15 offices throughout Europe and the U.S. 

FREO’s past and present portfolio includes more than 40 projects totaling in excess of 16 million square feet across a variety of asset classes including industrial, office, retail, hotel, and residential. To learn more, visit http://www.freogroup.com.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com