Done Deals: Mar 31, 2019

Sunday, March 31, 2019

HFF closes sale of The Village at Camp Bowie in Fort Worth, TX

The Village at Camp Bowie, a Sprouts Farmers Market-anchored retail center totaling 180,000 square feet in Fort Worth, TX

DALLAS, TX –– HFF announces that it has closed the sale of The Village at Camp Bowie, a Sprouts Farmers Market-anchored retail center totaling 180,000 square feet in Fort Worth, Texas.

Jim Batjer

HFF marketed the property on behalf of the seller, a joint venture partnership between Lincoln Property Company and Boston-based Long Wharf Capital. Dunhill Partners, Inc. purchased the grocery-anchored asset.

The Village at Camp Bowie is situated in a highly visible location near the intersection of Camp Bowie Boulevard and Interstate 30, which together have a daily traffic count of more than 130,000 vehicles.

The 21-acre site is positioned in the Camp Bowie District of Fort Worth, which is proximate to the affluent residential neighborhoods of Ridglea Hills, Westover Hills, Rivercrest, and Arlington Heights.

The population within a three-mile radius of the property exceeds 87,000 people and has an average household income of $94,000.

Barry Brown

The Village at Camp Bowie is 89 percent leased to 39 diverse tenants, including Tuesday Morning, Verizon, Orangetheory Fitness, Keller Williams, and McAlister’s Deli, among others.

The HFF investment advisory team representing the seller included senior managing directors Jim Batjer, Barry Brown and Ryan Shore and director Aaron Johnson.

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

About Lincoln Property Company
Founded in Dallas, Texas, in 1965, LPC is a full-service, vertically integrated institutional investment and property services platform with offices in the United States and Europe.

Since 1965, Lincoln has acquired and developed approximately $54 billion of residential and commercial property. LPC currently manages 213 million square feet of commercial property and 190,542 multifamily residential units for over 200 separate clients worldwide.

For more information, please visit lpc.com.

Ryan Shore

About Long Wharf Capital

Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S.

Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations and family offices.

Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets.

For further information, visit longwharf.com.

About Dunhill Partners, Inc.

Dunhill Partners was founded in 1984 by William L. Hutchinson and is a commercial real estate investment firm that currently owns and manages more than 5 million square feet of retail commercial property.

William L. Hutchinson

Dunhill specializes in the acquisition, leasing and management of commercial real estate. For more than 30 years, the firm has been dedicated to the fundamental principle of building value for its investors.

With properties from Texas to Hawaii, Dunhill Partners is a true leader in commercial real estate ownership.

Learn more at
www.dunhillpartners.com.

For more information on HFF, please visit hfflp.com or follow HFF on Twitter @HFF.

Aaron Johnson

CONTACTS:

JIM BATJER

TX Lic. #0405128

HFF Senior Managing Director

(214) 265-0880

jbatjer@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

HFF closes sale of Austin, TX student housing property

Photo by Justin Wallace

Student Housing Villas on 26^th is at 800 West 26^th Street,
a half mile from the University of Texas at Austin campus.

AUSTIN, TX –– HFF announced it has closed the sale of Villas on 26^th, a luxury student housing property serving The University of Texas at Austin (UT Austin).

Ryan McBride

HFF worked on behalf of the seller, Zucker Properties. Arrimus Capital purchased the property free and clear of existing debt.

Villas on 26^th is located at 800 W. 26^th Street less than half of a mile from campus. Completed in 2014, the property is located at the epicenter of UT Austin’s West Campus student housing market, which positions it within walking distance to more than 50 retail, dining and entertainment destinations.

The property consists of 182 beds across 49 units averaging 1,591 square feet, 97 percent of which are larger three- to six-bedroom floor plans.

Units are equipped with state-of-the-art technology such as Savant smart home automation systems, 60-inch high definition TVs, Apple TVs, Polk surround sound speakers and in-wall iPad touch screens.

The property’s larger units also include private in-home movie theaters with 110-inch projection screens. To complement the property’s cutting-edge technology, units feature condo-quality finishes, including custom stone countertops, stainless steel appliances. designer lighting, hardwood-style flooring, walk-in closets and in-unit washers and dryers.

Doug Opalka

Common area amenities include a swimming pool-sized hot tub on the mezzanine level, multiple outdoor patios with TV’s, 24-hour fitness center, multi-level underground parking and scenic UT Tower views.

Villas on 26^th has remained 100 percent occupied since opening and is 90 percent pre-leased for the 2019/2020 academic year.

The HFF investment advisory team was led by director Ryan McBride and senior managing director Doug Opalka.

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

CONTACTS:

RYAN MCBRIDE

TX Lic. #615957

HFF Director

(512) 532-1900

rmcbride@hfflp.com

DOUG OPALKA

TX Lic. #493181

HFF Senior Managing Director

(512) 532-1900

dopalka@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

HFF closes sale of Troy Block in Seattle’s South Lake Union submarket

Troy Block, 300 Boren Avenue North in the South Lake Union submarket of Seattle, WA

Photo by Built Work Photography LLC

Mark Gibson

SEATTLE, WA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Troy Block, two newly constructed, Class A+ office towers fully leased to a Fortune 50 technology tenant.

HFF marketed the property on behalf of the seller, a partnership between USAA Real Estate and Touchstone.

The buyer was a private high net worth family office. This transaction represents the largest single asset trade by volume in Seattle history.

Troy Block is located at 300 Boren Avenue North in the South Lake Union submarket of Seattle, which is home to some of the fastest growing industries, including technology, media, software, global health and biomedical research.

Stephen Conley

Completed in 2016 and 2017, the two LEED Gold-certified towers offer the highest quality improvements and latest building technology with multiple tenant amenities.

The HFF investment advisory team representing the seller included executive managing directors Mark Gibson, Stephen Conley and Manny De Zarraga, senior managing directors Michael Leggett, Gerry Rohm and Coleman Benedict and directors Kevin Freels and Logan Greer.

About USAA Real Estate

USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates.

Manny de Zarraga

Its portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922.

For more information, visit usrealco.com.

About Touchstone

Touchstone is a privately-owned, Seattle-based real estate developer.

In the last decade, Touchstone has broken ground on 12 projects comprising nearly three million square feet. It is currently developing two million square feet of real estate in the greater Seattle area.

Michael Leggett

Touchstone is a subsidiary of Urban Renaissance Group, LLC, a Seattle-based full-service commercial real estate company, engaged in acquisitions, development, asset management, leasing, property management and ownership in Seattle, Bellevue, Denver and Portland.

In 2016, Touchstone was selected by NAIOP as its National Developer of the Year.

Gerry Rohm

Please visit touchstonenw.com for more information.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.

HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.