HFF Brokers Sale of Silicon Valley Complex in Milpitas, CA

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) and Cornish & Carey Commercial (C&C) are pleased to announce the sale of Murphy Ranch Technology Park (above centered photo), a five-building, office complex totaling 363,237 square feet in Milpitas, Silicon Valley, California.

The seller, Prudential Real Estate Investors, was represented by C&C in cooperation with HFF’s senior managing directors Michael Leggett (top left photo) and Gerry Rohm (middle right photo) (formerly with C&C).

Spear Street Capital purchased the property. The 20.5-acre Murphy Ranch Technology Park is situated along Murphy Ranch Road and McCarthy Boulevard, close to Interstates 880 and 680, Route 237 and the Tasman Light Rail Station in Milpitas.

Completed in 1994, the five properties are fully leased as corporate headquarters for the following three tenants: Avaya, Intersil and Phoenix Technologies. Murphy Ranch amenities include covered interconnected walkways, a full-service cafeteria, common area showers, sports courts and jogging and biking trails.

“Murphy Ranch provides an investor a best-of-class, institutional–quality, Class ‘A’ office campus with strong income at an attractive basis,” said Leggett.

Prudential Real Estate Investors (PREI®) is the real estate investment management business of Prudential Financial. PREI®’s specialized operating units offer a broad range of investment opportunities and investment management services in the United States, Europe, Asia and Latin America.

Spear Street Capital is a real estate investment company dedicated to pursuing select office investment opportunities nationwide with a specific focus on office assets and portfolios with technology-oriented tenants.
CONTACTS:

Michael Leggett, HFF Senior managing Director, (415) 276-6924, mleggett@hfflp.com
Gerry Rohm, HFF Senior Managing Director, (415) 276-6935, grohm@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF secures $7.1M refinancing for Magnolia Square Shopping Center in San Ramon, CA

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today they secured a $7.1 million refinancing for Magnolia Square Shopping Center (above photo), a 41,913-square-foot shopping center in San Ramon, California.

HFF senior managing director Bruce Ganong (top right photo) , and director Zane Sweet worked exclusively on behalf of Kimco Realty Corporation in arranging the fixed-rate loan through Fidelity Bancorp Funding, Inc.

Magnolia Square Shopping Center is located at the intersection of Crow Canyon Place and Crow Canyon Road in the East Bay community of San Ramon.

The neighborhood center is anchored by national and regional tenants including Petco, Starbucks, Baskin Robbins and Max’s Cafe.

“Despite continued challenges in the capital markets, attractive financing remains available for quality real estate transactions with strong sponsorship,” said Sweet.

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America’s largest portfolio of neighborhood and community shopping centers.

As of March 31, 2009, the company owned interests in 1,476 properties comprising 155 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico, and South America.

Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 50 years.

Contacts:

Bruce Ganong, HFF Senior Managing Director, (415) 276-6300, bganong@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

HFF arranges $13.6M refinancing for San Francisco Bay-area shopping center

SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today the recent closing of a $13.6 million refinancing for Novato Fair Shopping Center, (top left photo) a 133,860-square-foot retail center in Novato, California.

HFF managing director Bruce Ganong and associate director Zane Sweet worked on behalf of Kimco Realty Corporation to secure the three-year, adjustable-rate loan through Wells Fargo Bank.

Loan proceeds retired an existing loan that matured in April 2009.

Novato Fair Shopping Center is occupied by anchor tenants including Safeway, Rite Aid, Big Lots, and Pet Food Express. Situated on an 11.2-acre site, the property is located at the convergence of three main thoroughfares in Novato: Redwood Boulevard, Novato Boulevard and Diablo Avenue, approximately 30 miles north of San Francisco.

“The closing of this transaction is evidence that best-in-class properties with institutional quality ownership can still be financed at attractive terms,” said Ganong.

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates the nation's largest portfolio of neighborhood and community shopping centers.

As of December 31, 2008, the company owned interests in 1,950 properties comprising 182 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico, and South America.

Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for 50 years. For further information, visit the company's web site at http://www.kimcorealty.com/.

Contacts:

Bruce Ganong, HFF Senior Managing Director, 415 276 6300, bganong@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com

Investment sales team joins HFF San Francisco

SAN FRANCISCO, CA – HFF (Holliday Fenoglio Fowler, L.P.) announced today that a team of capital markets associates led by senior managing directors Michael Leggett (top right photo) and Gerry Rohm (top left photo) will join the firm’s San Francisco office.

The team members, formerly of Cornish & Carey Commercial Institutional Investment Services Group, will focus on investment sales transactions primarily on the West Coast.

The Leggett and Rohm team will join HFF’s existing San Francisco office of four senior debt and structured finance professionals who are led by senior managing director and co-office head, Bruce Ganong, who opened the San Francisco office of HFF in late 2006.

The Leggett and Rohm team has more than 50 years of transaction experience having consummated approximately $4.6 billion of commercial real estate transactions consisting primarily of office, research and development and industrial properties since January 2004, including more than $400 million in 2008.

In addition, they closed a Bay Area research/development and industrial portfolio for nearly $60 million in the first quarter of 2009.

“As we have repeatedly stated since going public, we remain focused on strategic growth, both organically and from outside recruitment.

" With regard to outside recruitment, when the right people who have the highest level of integrity and best reputations in a market become available, we are prepared to take the necessary steps in both favorable economic times, as well as in challenging conditions as we now currently face, to bring on new, proven, experienced and talented transaction professionals who believe in the same culture and approach to the business,” said Jody Thornton, (bottom right photo) executive managing director in the Dallas office of HFF.

Contacts:

Joe B. Thornton Jr., HFF Executive Managing Director, (214) 265-0880, jthornton@hfflp.com

Bruce Ganong, HFF Senior Managing Director, (415) 276-6300,bganong@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com