Hold-Thyssen Completes Sale of Celebration, FL Office Building

 

Martin Forster

CELEBRATION, FL. --- Hold-Thyssen closed on the user sale of a 7,435 square foot free-standing office building on a half acre site in Celebration.  The property at 1216 Patrick Street, built in 1997 and refurbished in 2017, sold to the tenant for $1,768,850.00. 

 Hold-Thyssen Senior Director Martin Forster, CCIM brokered the transaction on behalf of the seller, 1216 Patrick Street, LLC. 

The buyer 1216 SCARF, LLC embodies principals of Serving Children and Reaching Families, LLC, a rapidly growing, minority woman-owned, behavioral health service provider. 

 Forster said SCARF had leased the one-story building since October 2017 and decided to take advantage of current low interest rates and an SBA loan. 

John Hanrahan

 Lender One Florida Bank was represented by Senior VP Shane McCutchen in collaboration with Florida First Capital Finance Corp.’s Vice President John Hanrahan who arranged the SBA portion of the loan.

 Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States . 

 CONTACTS:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc. 

727-238-3876 rfisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc.

407-644-4142, 407-461-3781 or beth@larryvershel.com

 

 

Regal signs 87,046 SF lease at Douglas Emmett’s legendary Sherman Oaks Galleria in California's San Fernando Valley

                                            Shauna Mattis  

 LOS ANGELES, CA – Legendary open-air business and lifestyle center Sherman Oaks Galleria announced it has secured an 87,046-square-foot lease with Regal to occupy the former ArcLight Cinemas space which closed in April 2021.

 The new Regal theatre is scheduled to open soon, with a full remodel planned shortly after opening.

Moshe "Mooky" Joseph Greidinger

Regal Sherman Oaks Galleria will eventually feature 3 premium format auditoriums including IMAX, 4DX and ScreenX and will also include a VIP section with upgraded auditoriums featuring luxury recliners, reserved seating, an enhanced menu and lounge.

                   Scott Burns  

“We are happy to add the great location of Sherman Oaks Galleria to our circuit,” said Mooky Greidinger, CEO of Cineworld, parent company of Regal.

 “We plan to open the theatre as soon as possible and start refurbishing the location to be in line with our strategy of bringing our customers ‘The Best Place to Watch a Movie.’”

JLL’s Shauna Mattis, Scott Burns, Greg Briest and Alex Otto represented the landlord, Douglas Emmett. 

“Since the beginning of the year, we have seen increased retail leasing activity from new concepts, growing existing brands and tenants well-positioned for long-term growth,” said Mattis, JLL Executive Vice President. 

 Greg Briest

 John Khamneipur, the General Manager of the Sherman Oaks Galleria continues, “We look forward to welcoming Regal to The Galleria and continuing our tradition of bringing world-class lifestyle and entertainment destinations to the San Fernando Valley.”

The lease with Regal reflects the continued strength of the Sherman Oaks Galleria over the past few years. In 2020 alone, Starbucks, 24 Hour Fitness, and Paul Mitchell School all signed long-term lease renewals for a combined total of over 58,000 square feet.

Even with the COVID-19 pandemic, these name-brand tenants demonstrated their commitment to the Sherman Oaks Galleria.

Alex Otto 

Sherman Oaks Galleria is a centrally located, open-air business and lifestyle center that includes Class-A office space overlooking a retail and entertainment complex.

 In addition to hosting a vibrant daytime business community, in the evenings and weekends “The Galleria” transforms into a lively family shopping, dining and entertainment destination.

John Khamneipur

The Galleria boasts its own “Restaurant Row” including The Cheesecake Factory, Buffalo Wild Wings, P.F. Chang’s China Bistro and Frida Mexican Cuisine.

Sherman Oaks Galleria is also a lifestyle destination featuring 24 Hour Fitness, Burke Williams Day Spa, DSW Shoe Warehouse, European Wax Center, DeVry University and Paul Mitchell the School.

 

  

CONTACT: 

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

www.douglasemmett.com.

REGmovies.com.

 

Pyramid Hotel Group Promotes John Hamilton to Executive Vice President of Business Development

 John Hamilton

 BOSTON, MA — Pyramid Hotel Group, a leading, worldwide hotel management company, announced the promotion of John Hamilton to executive vice president of business development. 

In his new position, he will play an increased role overseeing the company’s new management assignments, acquisitions and business developments as it seeks to double its portfolio within the next three to five years.

                “For nearly the past two decades, John has played an integral role shaping and growing Pyramid Hotel Group into the hotel management institution it has become,” said Warren Fields, president & CEO, Pyramid Hotel Group. 

Warren Fields

“With a professional career spanning nearly 40 years, he has provided instrumental experience sourcing, evaluating, underwriting and executing hospitality real estate and management transactions on Pyramid’s behalf. 

"John deserves this recognition for everything he’s done for us in the past, and we look forward to all he will accomplish in the years to come.”

Previously a licensed CPA, Hamilton has been associated with such prominent firms as Destination Hotels and Resorts, Promus Hotels, Carnival Hotels & Resorts, Doubletree Hotels and Laventhol & Horwath.

CONTACT: 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com