NAIOP South Florida Presents Broward County, FL Bus Tour Sept. 27

Jules R. Morgan

FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Organization, will kick off its annual bus tour season with the 2018 Broward County Bus Tour on Thursday, September 27.

Miramar Park of Commerce, Miramar, FL

Hosted by Sunbeam Properties & Development at the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida, the Broward County Bus Tour will begin at 11 a.m. with registration at building MPC-30, located at 3150 Executive Way, Miramar, FL 33025.

Following registration, brokers will board a double-decker luxury bus with seating for 75 people at tables and lounge chairs. 

After lunch, the tour will give riders an up-close look at some of Broward County’s premium commercial real estate with walk-throughs, stops, drive-throughs and drive-bys of properties in Miramar, Pembroke Pines, Fort Lauderdale, Pompano Beach, Deerfield Beach and Hollywood.

During the tour, developers and market experts will give insights regarding upcoming projects and the state of each city’s commercial real estate industry. The tour will also feature multiple opportunities for riders to win exclusive prizes.

“The Broward County Bus Tour is ideal for networking and dealmaking,” said NAIOP South Florida Executive Director Jules R. Morgan.

 “Brokers can sit across from each other in a relaxed, fun and productive environment as they are educated about the state of various sub-markets throughout Broward County and get up close and personal with some of the newest commercial properties.”

The tour concludes at the Miramar Park of Commerce with a football-themed evening cocktail reception at 5 p.m. featuring tailgate games, BBQ, drinks and prizes.

“I’ve had people tell me they’ve had deals come out of this tour,” Morgan added. “It gives brokers a platform to directly interface with property owners, developers and each other to establish new contacts, facilitate leads and close new deals. 

Plus, the bus tour offers unparalleled value for industry professionals as licensed commercial real estate brokers ride free.”

Tickets for the Broward County Bus Tour are available on a first-come, first-serve basis. Seating is limited. The bus tour is free for licensed commercial real estate brokers.

 Tickets for non-brokers are $100 for NAIOP members and $125 for non-members. To register to attend, visit https://bit.ly/2OnLuzQ. For more information, contact 954-990-5116 ornaiop.info@naiopsfl.org.

NAIOP is a commercial real estate development organization. It provides strong advocacy, education and business networking opportunities and connects its members through a powerful North American network. 

For more information, please contact: 

Lexi Robinon 
954-776-1999 ext. 255 
lrobinson@piersongrant.com

Marcus & Millichap Brokers $10 Million Sale of 18-acre Riverside Oaks manufactured home community in Punta Gorda, FL

PUNTA GORDA, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Riverside Oaks, an 18-acre manufactured homes community in Punta Gorda, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $10,000,000.

Dan Mulkey

Dan Mulkey, an investment specialist in Marcus & Millichap’s Tampa office, represented the seller, a private investor, in this transaction.The buyer, Northwestern Mutual Life Insurance Company, was also secured by Dan Mulkey.

“This acquisition was the perfect fit for NML since they own a large community directly across the street from Riverside Oaks, allowing them to easily blend in the task of management for the newly acquired community. Riverside is a solid 5-Star community which compliments the NWM portfolio,” stated Mr. Mulkey.

Riverside Oaks is an all adult community with 102 spaces. Established in 1990, Riverside Oaks offers large sites with mature trees and nature trails. Riverside Oaks is located at 27205 Jones Loop Road in Punta Gorda, Fla.

For more information, please contact: 

Whitney Davis,

Whitney.Davis@marcusmillichap.com

or

Ari Ravi

Regional Manager, Tampa, FL

(813) 387-4700

HFF announces sale and financing of the Jefferson Building in Washington, D.C.

Jefferson Building, 1225  19th Street Northwest, Washington, DC

WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of the Jefferson Building, a 73,168-square-foot, boutique office building in the heart of Washington, D.C.’s central business district (CBD).

Dan McIntyre

The HFF team represented the seller, Invesco Real Estate, a global real estate investment manager, and procured the buyer, Marcus Partners.  Additionally, working on behalf of the buyer, the HFF team arranged acquisition financing through a balance sheet lender.

The Jefferson Building is located at 1225 19^th Street Northwest at the corner of 19^th Street and Jefferson Place in the heart of the CBD’s Golden Triangle. 

This location along “Restaurant Row”, a renowned dining, shopping and entertainment strip, is just two blocks south of Dupont Circle and is within walking distance to four Metrorail stations.   

 Most recently renovated in 2016, the Jefferson Building features average floorplates of 9,300 square feet, parking for 64 vehicles, and it is the only building in the CBD with premium full floor top floor availability that is under 10,000 square feet with four sides of glass. 

Jay Graham

The eight-story property is 87 percent leased to 12 tenants, including office tenants SNI/SI Networks LLC; International Center for Alcohol Policies; Relman, Dane & Colfax PLLC and London & Mead/Andrew J. Kline LLC, as well as The Palm, one of Washington, D.C.’s landmark restaurants.

The HFF investment advisory team representing the seller included Jim Meisel, Andrew Weir, Stephen Conley, Matt Nicholson and Dave Baker.

HFF’s debt placement team representing the borrower consisted of Dan McIntyre and Jay Graham. 

For more information, please contact: 

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

www.marcuspartners.com.  

www.invesco.com

NAI Realvest Completes Three Lease Agreements with New Tenants Opening at Professional Offices in Longwood, FL

Chris Adams

ORLANDO, FL --- NAI Realvest Associate Chris Adams recently closed on three new multi-year leases for professional office space at 740 Florida Central Parkway in Longwood.  

     Adams negotiated the following leases on behalf of the landlord Centre Point Prop. LLC:  

Lake Mary Realty based in Winter Park leased Suite 1020 with 1,604 square feet; Longwood-based Resort Club Exchange, Inc. leased Suite 2004 with 916 square feet and Helpers in Heels, LLC leased Suite 1016 with 1,156 square feet. 

Helpers in Heels, a home care agency, was represented by Guy Willis of Boss Commercial Real Estate. 

 The three new tenants combined occupy a total of 3,676 rentable square feet.  

 For more information, please contact:

Beth Payan or Larry Vershel, Larry Vershel Communications,

407-644-4142 or 407-461-3781 Lvershelco@aol.com 

HFF announces $71 million financing for acquisition and transformation of hotel in Eugene, OR

Hilton Eugene, Eugene, OR

Daniel Kaufman

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $71 million financing for the acquisition and transformation of the Hilton Eugene to the Graduate Eugene in Eugene, Oregon, near the University of Oregon.

The HFF team worked on behalf of the borrower, AJ Capital Partners, to place the three-year, floating-rate loan with two one-year extension options with Starwood Property Trust. 

Loan proceeds will be used toward acquisition costs along with the transformation and rebranding of the hotel into Graduate Eugene, part of the Graduate Hotels^®  collection. 

The hotel will remain open during the renovations, which will include a complete overhaul of all guestrooms, guestroom bathrooms, corridors, lobby and common areas.

Nicole Aguiar

Originally constructed in 1982, the hotel currently has 274 guestrooms and, with its access to the adjacent conference center, has 30,000 square feet of meeting and event space, making it the only hotel in the market that can accommodate large conferences, meetings and banquets.

Jeff Bucaro

Graduate Eugene will create a unique food and beverage space reflecting the local culture and cuisine, including a lobby café and an indoor-outdoor beer garden that will complement and connect the hotel, conference center and adjacent Hult Center for the Performing Arts. 

 Situated at 66 East 6th Avenue, the hotel is in the heart of downtown Eugene and offers direct, walkable access to the Central Business District, PeaceHealth Sacred Heart Medical Center and University of Oregon campus.  

Graduate Eugene is 12 miles from the Eugene’s airport, provides quick access to Interstate 5 and is two blocks south of the Eugene Amtrak station.

The HFF debt placement team representing the borrower consisted of managing directors Danny Kaufman and Casey Davidson, senior director Jeff Bucaro and associate Nicole Aguiar.

“It has been a pleasure to work on this transaction with the team at AJ Capital,” Kauffman said.  “There was strong demand for the financing due to AJ’s commitment to the Graduate brand and their reputation as innovative hoteliers with exceptional expertise within the boutique hotel space.”

Casey Davidson

AJ Capital Partners, based in Chicago, is an accomplished team of hospitality and real estate investors whose innate passion is to create a one-of-a kind portfolio of timeless assets.

 The counter-culture investors acquire, design and develop transformative real estate throughout the United States. In fall 2014, AJ Capital Partners launched the Graduate Hotels® collection.

AJ Capital Partners continues to grow its portfolio of lodging investments, firmly establishing the group as visionary leaders in the lifestyle-driven investment industry. For more information on AJ Capital Partners, please visit www.ajcpt.com.

Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States.

  

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

OTL to Design and Construct First Retail Show Fountain in Mississippi

Rendering of planned retail show fountain in Renaissance at Colony Park, Jackson, MS

• JACKSON, Miss., (Aug. 13, 2018) – Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, rockwork and themed environments, has announced the design and construction of a new show fountain that will serve as an entertainment hotspot and gathering space for the Renaissance at Colony Park retail development in the Ridgeland submarket of Jackson, Mississippi.

This will be the first retail show fountain of this magnitude in the state of Mississippi,” says J. Wickham Zimmerman, Chief Executive Officer of OTL. “The property co-owner and developer, The Mattiace Company, immediately recognized the value in elevating this project to a destination status. 

The property’s thoughtful design and careful tenant mix will be bolstered by our choreographed and engaging fountain, which will deliver a unique visual and concert-quality experience to attract both new and return guests.”

OTL is working directly for the developer and in close coordination with general contractor Brasfieldand Gorrie to bring Phase II of this development to life. 

J. Wickham Zimmerman

As the fountain designers, OTL is also working hand-in-hand with the project’s design team, site architects Wier Boerner Allin Architecture and their subconsultant, landscape architect Trent Rhodes, as well as the project’s architects, Dean & Dean/Associates Architects.

The show fountain, which will be the focal point in Phase II, will honor the state of Mississippi with a creative design twist.

Situated at the northwest corner of I-55 and Old Agency Road, Renaissance is located at 1000 Highland Colony Parkway in Ridgeland, Mississippi. Phase II of the project is expected to be complete in September 2019.  

For more information, please contact:

Alex Caswell / Jenn Quader

Brower Group

(949) 955-7940

acaswell@brower-group.com

www.otl-inc.com.