Tuesday, November 26, 2019

Arbor Funds $21.4 Million Fannie Mae DUS® Green Rewards Loans in Florida and Texas

Geoffrey Platt
UNIONDALE, NY (Nov.26, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded Fannie Mae DUS® Green Rewards loans in Jacksonville, FL and Killeen, TX.

The properties received 21.4M in financing through the program and have 10-year fixed rates with two years of interest only payments.

Midtown Oaks, Jacksonville, FL

Geoffrey Platt of Arbor’s New York City office originated the loans.

“Through these loans, our clients were able to take advantage of the low interest rate environment made available through Fannie Mae’s green financing,” Platt said. “Arbor takes pride in partnering with our borrowers so they can achieve their current and future goals.”

Midtown Oaks is located in Jacksonville, FL. Built in 1974, the 176-unit property features newly renovated kitchens, hardwood floors, walk-in closets and air conditioning.

Country Place Apartments, Killeen, TX

This luxurious, gated community has a fitness center, spa, pool and playground for residents to enjoy. It is conveniently located near shopping and recreation.    

The Country Place Apartments, located in Killeen, TX, were built in 1996. The two-story, 137-unit property features air conditioning and walk-in closets.

It also offers a 24-hour fitness center, swimming pool, basketball court, pet park, and playground. The gated community is just minutes from dining, retail and entertainment, as well as Fort Hood.


Bina Handa
Tel: 516.506.4229

Arbor Funds a $12.7 Million Freddie Mac SBL Portfolio in Northern New Jersey

 Ari Short 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a portfolio of Freddie Mac SBL loans throughout Northern New Jersey.

The five properties, totaling 93 units, received $12.7M in refinance cash-out funding through the program. The loans are 10-year hybrids, featuring 10-year fixed followed by10-year floating-rates on a 30-year amortization schedule.

82-92 Contant Avenue

 Ari Short of Arbor’s New York City office originated the loans.

 “The borrower was able to take advantage of a low-interest environment and secure 10-year fixed-rate loans for multiple properties, while also pulling out equity to purchase additional assets in the market,” said Short.

“We’ve seen a lot of activity in Northern New Jersey since the New York City rent laws were amended, and we’re pleased to be able to facilitate our client’s long-term plans.”

 The properties include:

82-92 Contant Avenue (7.2M): Built in 1966, the two-story, 50-unit complex features one- and two-bedroom apartments. The community provides on-site parking and is conveniently located near shopping, New Jersey commuter rail service, and recreation.

 23-27 Jackson Street ($1.9M): This 18-unit multifamily property is comprised of mostly two- and three-bedroom units. The complex features on-site parking and is located near Route 21, approximately 12 miles to New York City.

416 Walker Street 

 341-343 Palisade Avenue ($1.7M): Built in 1920, this multifamily walk-up is comprised of 11-units and on-site resident parking with local and express bus service nearby.
 416 Walker Street ($1.1M):  The three-story complex was built in 1969. The property contains on-site parking and is conveniently located near shopping.

 458-460 Walker Street ($.8M): Built in 1971, the two-story complex is conveniently located to shopping and restaurants.


Bina Handa
Tel: 516.506.4229

HSA Commercial and Clarion Partners Sign 375,000 SF Lease with DSC Logistics in Shorewood, IL

Heartland Corporate Center warehouse development at 21530 SW Frontage Road in Shorewood, IL, near the I-55 and I-80 interchange.

CHICAGO, IL  (Nov. 26, 2019) — HSA Commercial Real Estate, a Chicago-based full-service real estate firm, and New York-based Clarion Partners LLC today jointly announced the firms have signed a 375,000-square-foot lease with DSC Logistics at the Heartland Corporate Center warehouse development at 21530 SW Frontage Road in Shorewood, Ill., near the I-55 and I-80 interchange.

Robert Smietana
 Des Plaines, Ill.-based DSC Logistics has already taken occupancy of 250,000 square feet at the building to start processing inbound deliveries and, within the next six months, will expand to occupy half of the newly built distribution center once additional interior and site improvements are completed. 

The 757,880-square-foot Heartland Corporate Center building was developed by HSA Commercial Real Estate in partnership with Clarion Partners on a 46-acre land site.

 The distribution center features 36-foot clear heights, 108 truck docks and 240 parking spaces for employees and visitors. Exterior construction was completed earlier this year.

“We are excited to add another quality tenant to our Heartland Corporate Center as it contributes to the continued leasing momentum in the I-80 submarket,” said Michael Williams, vice president with Clarion Partners. “We are proud to expand our relationship with DSC Logistics and look forward to future opportunities.”

 Lynn Reich 

“Our partners are pleased to welcome DSC Logistics as the first tenant at our Heartland Corporate Center development,” said Robert Smietana, vice chairman and CEO with HSA Commercial Real Estate.

 “With our location at the I-55 and I-80 interchange and our state-of-the-art facility design, we are really optimistic about our leasing prospects for the other half of the building.”

Suzanne Serino

David Bercu and Matthew Stauber of Colliers represented ownership in the lease transaction, and Lynn Reich and Suzanne Serino of Colliers represented DSC Logistics.

About HSA Commercial Real Estate:

Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. 

David Bercu 
Along with developing and acquiring more than 100 million square feet of commercial real estate across the United States, with a total consideration in excess of $6 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 14 million square feet in locations across the nation; and owns more than 10 million square feet of commercial property throughout the country.

About Clarion Partners:

Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. 

Headquartered in New York, the firm has offices in Boston, Dallas, London, Los Angeles and Washington, DC. 

Matthew Stauber

With more than $51 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors. 


Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528


JLL arranges $40.27 million financing for Denver-area apartments

Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, CO
DENVER, CO – JLL announced it has arranged $40.27 million in financing for Palisade Park, a 216-unit, garden-style apartment community in the north Denver suburb of Broomfield, Colorado.

JLL worked exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based Mountain View Capital, LLC to secure the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo lender. Loan proceeds refinanced an existing Freddie Mac loan originated in 2018.

Josh Simon
Completed in 2017, Palisade Park is fully stabilized and comprises one-, two- and three-bedroom units ranging from 731 to 1,247 square feet. 

The property is located at 16815 Huron Street, which allows for easy access to employment centers and recreational destinations in and around Denver and Boulder. 

The property encompasses 14,500 square feet of indoor and outdoor amenity space featuring a beach-style pool with sundeck and spa; pergola with gas grills and fire pit; 24-hour fitness center; clubhouse with billiards, Wi-Fi lounge, media center and business room; dog wash and dog park; playground; and detached garages.

The JLL Capital Markets team representing the borrower was led by Managing Director Josh Simon.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.


Olivia Hennessey
JLL Public Relations Specialist 
Phone: +1 713 852 3403