HFF closes $58 million sale of premier multi-tenant office building in Atlanta’s Buckhead submarket

Piedmont Center 14, 3535 Piedmont Road, Buckhead, GA

Richard Reid

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $58 million sale of Piedmont Center 14, a Class A office building totaling 300,454 square feet in the Buckhead submarket of Atlanta, Georgia.

HFF marketed the property on behalf of the seller, and procured the buyer, The Ardent Companies. 

The property is located at 3535 Piedmont Road within Piedmont Center, a multi-building office park containing 2.1 million square feet on 52 acres in the heart of Buckhead. 

Buckhead has long been considered Atlanta’s preeminent office market due to its renowned neighborhoods and multitude of hotels, restaurants, nightlife and upscale retail offerings.

Ryan Clutter

  Piedmont Center 14 is positioned on 4.9 acres within the park and features 18 stories of Class A office space that is 79 percent leased to tenants, including MagMutual, Change Healthcare, Kenzie Lane and NCC Media. 

The HFF investment advisory team representing the seller consisted of senior managing directors Richard Reid and Ryan Clutter and managing directors Ralph Smalley and Huston Green.

The Ardent Companies is a group of companies operating as a privately held real estate investment and asset management firm that combines the disciplines of research and comprehensive due diligence with a commitment to long-term relationships creating compelling risk adjusted returns for investors. 

Ralph Smalley

At its core, Ardent has an extensive and diverse understanding of real estate, corporate finance, and banking that provide multiple investment alternatives (e.g., loan and fee simple acquisition, bridge lending, development/rehabilitation). 

Ardent has earned a reputation for being a dynamic investor, capable of expeditious due diligence and creativity focused on reaching the closing table.

 

Huston Green

CONTACTS:

RICHARD REID

GA Lic. #313257

HFF Senior Managing Director

(404) 832-8460

rreid@hfflp.com

RYAN CLUTTER

NC Lic. #172952

HFF Senior Managing Director

(704) 526-2800

rclutter@hfflp.com

RALPH SMALLEY

HFF Managing Director

(404) 832-8460

rsmalley@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

NAIOP South Florida Announces Finalists for 2019 Awards of Excellence

Lauren Pace

FORT LAUDERDALE, FL – NAIOP South Florida, the Commercial Real Estate Development Association, has announced the finalists for its 2019 Awards of Excellence, which recognize the individuals and organizations whose achievements have contributed to the local commercial real estate industry, benefitted the regional business environment and facilitated economic growth in South Florida.

The Awards of Excellence ceremony and dinner will take place on Thursday, March 14 from 6 to 10 p.m. at the Marriott Harbor Beach Resort & Spa, located at 3030 Holiday Dr. in Fort Lauderdale.

Danielle Story

The 2019 Awards of Excellence categories and finalists are:

Land Sale of the Year:

×          Curley Notre Dame Development Site, Avison Young

×          Former Office Depot Development Site, Avison Young

×          FPL Land Development Site, Avison Young

Office Sale of the Year Over $50 Million

×          1111 Brickell, CBRE

×          1 E. Broward Sale, NAI/Merin Hunter Codman

Office Sale of the Year Under $50

×          The Atrium at Broken Sound, Marcus & Millichap

×          Heron Bay Office/Retail Portfolio, Tiktin Real Estate Investment Services

×          Plantation Corporate Center, Marcus & Millichap

Stephanie Rodriguez

Industrial Sale of the Year

×          Cabot Properties Acquisition of Vista Distribution Center, Cushman & Wakefield

×          Countyline Corporate Park, HFF

×          Tamarac Corporate Headquarters, CBRE

Industrial Lease Transaction of the Year

×          Nestle Waters, CBRE

×          Postal Center International Lease, CBRE and Cushman & Wakefield

×          Shipmonk at Bridge Point Riverbend, CBRE and Colliers International

Douglas Mandel

Office Lease Transaction of the Year

×          The Main Las Olas Akerman Lease, Stiles

×          Modernizing Medicine, JLL

×          World Fuel Services Lease Restructure, CBRE

Economic Impact Deal of the Year

×          Modernizing Medicine, JLL

×          Shipmonk at Bridge Point Riverbend, CBRE and Colliers International

×          Spirit Airlines Headquarters Expansion at the Miramar Park of Commerce, Sunbeam Properties & Development

George Pino

Industrial Broker Team of the Year

×          CBRE team of D. Albert, A. Fernandez and D. White

×          Cushman & Wakefield team of M. Etner, R. Etner, U. Kauhi, M. McAllister, C. Metzger, J. Miller, A. Talbot and C. Thomson

×          State Street Realty team of B. Cabielles, E. Lyden, G. Pino and F. Trelles

Capital Markets Broker Team of the Year

×          Avison Young team of J. Crotty, D. de la Fe, D. Duckworth and M. Fay

×          CBRE team of R. Bassett, N. Castillo, C. Charre, M. Isla, J. Jin and P. Weimer

×          CBRE team of J. Chick, A. Chilgren, A. Julian, C. Lee, J. Lobon, M. Minaya, T. Ploshnick and R. Rose

×          Marcus & Millichap team of E. Gerberg, A. Klein, T. Kuhlman and D. Mandel

Zachary Talbot

Office Broker Team of the Year

×          Avison Young team of L. Blummer, J. Cope and G. Martin

×          Blanca Commercial Real Estate team of T. Blanca, A. del Corral, F. Eternod, J. Guitar, D. Linares, P. Marchese, M. Nathanson and J. Ruiz

×          Butters Realty & Management team of S. Butters, D. Lunsford and M. McDonough

Broker of the Year

×          Douglas Mandel of Marcus & Millichap

×          George Pino of State Street Realty

×          Stephanie Rodriguez of Duke Realty

×          Zachary Talbot of CRESA

Shane Decker

Rookie of the Year

×          Shane Decker of GRS Real Estate Services

×          Tyler Kuhlman of Marcus & Millichap

×          Lauren Pace of Sunbeam Properties & Development

×          Danielle Story of Stiles

Project of the Year

×          Carrie Meek International Business Park Phase I, II and III, Foundry Commercial

×          Eastview Commerce Center, Newmark Knight Frank on behalf of Panattoni Development

×          MiamiCentral Office Buildings 2 and 3, Blanca Commercial Real Estate

Developer of the Year

×          Bridge Development Partners

×          Duke Realty

×          Foundry Commercial

Tyler S. Kuhlman

Iconic New Project of the Year

×          Panorama Tower, Florida East Coast Realty

NAIOP South Florida will also present the Lifetime Achievement Award to CBRE Senior Vice President Harry Tangalakis, whose countless successes and contributions throughout his 30-year career in commercial real estate warrant the same distinction awarded to Edward Ansin, Armando Codina, Doug Eagon, Alice Lucia Jackson and Terry Stiles among others.

Harry Tangalakis

Tickets for the Awards of Excellence are $175 for NAIOP members and $225 for non-members. Sponsorship opportunities are also available. To attend, visit naiopsfl.org/events. For more information, visit naiopsfl.org, email naiop.info@naiopsfl.org or call 954-990-5116.

                                                                       

CONTACT:

Lexi Robinson

954-776-1999, ext. 255

lrobinson@piersongrant.com

The Preiss Company and a Private Real Estate Fund Advised by Crow Holdings Capital Complete Joint Venture Acquisition of 694-Bed The Luxx in San Antonio, TX

  

Swimming Pool at The Luxx Student Housing Complex
San Antonio, TX

SAN ANTONIO, TX and RALEIGH, NC  — Officials of a joint venture comprised of The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators,and a private real estate fund advised by Crow Holdings Capital,  announced the acquisition of the 694-bed Luxx. 

This marks TPCO’s second acquisition in San Antonio and the third overall in 2019.   

Susan Folckemer

“With three completed deals in January, we are on track for the busiest quarter in our history, if not the strongest growth year we’ve experienced ever,” said Susan Folckemer, chief acquisitions & development officer, TPCO. 

 “We will continue to take advantage of the prevailing marketplace as we continue to expand our footprint nationwide.  Our pipeline remains full, and we expect to announce additional deals in the coming weeks.”

Serving the University of Texas San Antonio, The Luxx offers numerous room layouts for one, two and four beds.  The community features a Las Vegas-style swimming pool area with swim-up bar, submerged seating and outdoor cabanas, as well as a 30-person hot tub. 

Susan Preiss

            “Our goal is to provide any and everything a student could need to have the most successful academic experience possible,” noted Donna Preiss, founder and CEO, TPCO. 

 “We regularly are polling our student residents and tweaking our portfolio to match their requests.  Following the completion of the upgrades and the implementation of our proprietary management and marketing systems, The Luxx will be well positioned as the preferred student living community in the area.”

                                                                        

CONTACTS:

Amy Barger

 Vice President of Public Relations

The Preiss Company

(919) 532-1114

amy.barger@tpco.com

www.tpco.com.

Long-time Dallas Community Leader Darren L. James, AIA, Named President of KAI Enterprises

Darren L. James

St. Louis, MO –– KAI Enterprises, an integrated architectural, engineering and construction services firm, is pleased to announce that long-time Dallas community leader Darren L. James, AIA, has been named President of KAI Enterprises. 

The leadership change reflects the company’s vision to grow, connect and transform communities across the country.

James, a shareholder in the company since 2010 and formerly the President and COO of KAI Texas, will explore innovative ways in his new role to increase and expand KAI’s national presence and develop and oversee the sales and marketing strategy for each of KAI Enterprises’ four business units: KAI Design, KAI Engineering, KAI Build and KAI 360 Construction Services (KAI 360 CS).

“Darren’s experience has been instrumental in creating growth for the company. Over the past 13 years, his strong leadership and dedication has been invaluable to the organization,” said Michael Kennedy Jr., CEO of KAI Enterprises.

Michael Kennedy Jr.

 “We are excited about the impact his new leadership role will have on achieving KAI’s overall mission and goals as president of the holding company.”

For over a decade, James has been a member of KAI’s Corporate Leadership Team helping to set the strategic tone and direction for offices across the country. 

James has focused his corporate efforts on strategic growth, team building, marketing and communications; and his external efforts on civic engagement, community building, education, mentoring and outreach.

James joined KAI in 1993 as a recent graduate of the University of Kansas School of Architecture & Urban Design where he served a variety of roles within the organization. 

CONTACTS:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

HFF expands retail investment advisory team with addition of senior managing director Chris Gerard in Dallas office

Chris Gerard

DALLAS, TX –– HFF announced it has expanded its retail investment advisory team with the addition of Chris Gerard as a senior managing director in its Dallas office.  Mr. Gerard will focus on retail investment advisory transactions in the Dallas area and throughout the southwestern United States.

Mr. Gerard has more than 15 years of experience in the retail investment advisory sector of the commercial real estate industry.  He joins HFF from CBRE, where he was a senior vice president within their National Retail Partners Group.  

Barry Brown

Prior thereto, Mr. Gerard was a member of Archon Group’s acquisitions and development team.  

He is an active member of the International Council of Shopping Centers (ICSC), Urban Land Institute (ULI) and The Real Estate Council (TREC). 

 Mr. Gerard holds a Bachelor of Business Administration degree from Southern Methodist University. 

“Chris is a highly regarded retail specialist in the Dallas area, and we are thrilled that he is now a part of the HFF team,” said Barry Brown, co-head of HFF’s national retail practice and a senior managing director in HFF’s Dallas office.  “He will be a great cultural fit for the firm.”

CONTACTS:

ANDREW LEVY

TX Lic. #0413696

HFF Senior Managing Director

(214) 265-0880

alevy@hfflp.com

BARRY BROWN

HFF Senior Managing Director

(214) 265-0880

bbrown@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 848-1572

krmurphy@hfflp.com