HFF closes $57.25 million sale of 22 acres of land in Midtown Miami

 MIAMI, FL – HFF announced today that it has closed the sale of 22 acres of land within Midtown Miami comprised of 16 acres within the 56-acre Midtown Miami development (top left photo)and the six-acre former Chiquita Banana facility bordering the development.

HFF marketed the property on behalf of the seller, Midtown Equities, LLC.  Midtown Opportunities, LLC, a private investment group, acquired the land for $57.25 million in an all cash transaction.

Midtown Miami, located over the bridge from Miami Beach and close to downtown, is a 56-acre development that is currently improved with more than 110,000 square feet of retail and office space.

(Miami Midtown development  photo by Miami Herald, bottom right)

Retail tenants include Sugarcane raw bar grill, Mercadito Midtown, The Cheese Course, Sustain, DogBar, BLO Blow Dry Bar and Green Monkey.

 The vacant lots acquired by the buyer are defined by Northeast 36th Street to the north, Northeast 29th Street to the south, East Coast Avenue to the east and Buena Vista Avenue to the west. 

The former Chiquita Banana distribution site is located on Northeast 29th Street and Northeast 2nd Avenue.  Midtown Development, LLC, led by Miami-based developer Alex Vadia, will lead future development of the parcels.

The HFF investment sales team representing the seller was led by executive managing director Manny de Zárraga and director Ike Ojala (lower left photo).

Midtown Equities is a privately-held real estate investment and development company that serves as the investment platform for the Cayre family.  Headquartered in New York, the firm maintains a portfolio of more than 100 properties that encompass more than 14 million square feet in the retail, office, residential, industrial and hospitality sectors.

Contacts:  

             

MANUEL DE ZÁRRAGA                          IKE OJALA                                 

HFF Executive Managing Director           HFF Director                                  

(305) 448-1333                                         (305) 448-1333                             

mdezarraga@hfflp.com                            iojala@hfflp.com                         

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

Vestar and Rockwood Capital Secure $50 Million for The District at Green Valley Ranch Retail Center in Las Vegas

LAS VEGAS, NV, Dec. 15, 2011 – Vestar, in a joint venture with New York-based Rockwood Capital, has originated a first mortgage for the financing for The District at Green Valley Ranch (lower left photo), a 384,107-square-foot landmark retail property located outside of Las Vegas. 

The total loan consideration from Wells Fargo is $50 million at a fixed rate of 4.4 percent over five years.  The joint venture originally paid $79 million cash in the October acquisition.

“We’re very bullish about value-added investment opportunities like The District at Green Valley Ranch and are aggressively seeking more properties throughout the West,” said Rick Kuhle (middle right photo), President of Vestar.  “We have the ability to act very quickly paying all-cash on properties that fit our acquisition criteria.”

The District is located within Green Valley Ranch (top left photo), a leading master-planned community located in the Black Mountain foothills, about 10 miles southeast of the Las Vegas Strip.

Phase one of The District was developed in 2004 and encompasses 212,622 square feet of retail and office space on the west side of Green Valley Parkway.

The 21.54-acre property is comprised of 50 national and regional stores and restaurants; 88 luxury condominiums; and complementary office users.

The shopping, dining, entertainment, residences and office space are joined via a pedestrian-friendly main street plaza and a central park.

 Phase one is 85 percent leased to several high-profile tenants including REI, Pottery Barn, Anthropologie, Williams-Sonoma, Ann Taylor Loft, White House/Black Market, King’s Fish House and P.F. Chang’s.

Phase two of The District was developed in 2006 and totals 171,485 square feet on 16.02 acres. The property consists of six buildings with a retail and office tenant mix. Phase two is 82 percent leased, anchored by Whole Foods and also including tenants such as West Elm and The Cheesecake Factory.

 For more information, please visit http://www.vestar.com/.

Contact:      

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

Marcus & Millichap Facilitates Sale of Highland Apartments in Largo, FL for $305,000

LARGO, FLA., Dec. 15, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Highland Apartments (top left photo), a 10-unit apartment property located in Largo, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The sales price of $305,000 represents $34.02 per square foot.

James Vestal (lower right photo), multihousing specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based out of New York.  The listing agent secured the buyer of the property, a limited liability company from Dunedin, Florida.

Highland Apartments was built in 1965 on approximately .31 acres.  It is located at 951 Highland Avenue Northeast just minutes from beautiful Clearwater beaches.   Highland Apartments is a mix of one-bedroom/one-bath and two-bedroom/one-bath units.

“This was a short sale transaction reflecting the high demand for distressed assets in the market” says Vestal.   “We were able to secure a price premium with three offers above list price because of the strong Pinellas County market and long term value associated with the asset” adds Vestal. 

Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa, (813) 387-4700

MAA Announces Acquisitions in Arkansas and Virginia

  

MEMPHIS, TN, /PRNewswire/ -- MAA (NYSE: MAA) announced that it has completed the acquisitions of Palisades at Chenal Valley (top left photo) a 248-unit apartment community located in Little Rock, Arkansas and The River's Walk at Celebrate Virginia, a 232-unit apartment community located in Fredericksburg, Virginia.

Palisades at Chenal Valley (middle right photo) was developed in 2006 and is located within the master-planned Chenal Valley development which offers extensive outdoor recreation venues, medical and professional employment centers, upper end shopping and the area's finest golf venues.

The community offers upscale amenities including a resort-style pool with outdoor grill, a billiards room and a walking trail. Units average 1,181 square feet and include 9' ceilings, garden tubs and crown molding.

River's Walk at Celebrate Virginia, formerly The Haven at Celebrate Virginia, was developed in 2011 as the first garden-style Virginia apartment community to receive the National Association of Home Builders Green Designation. The Property is located in the 2,400-acre mixed-use Celebrate Virginia planned unit development .

Commenting on the announcement, Al Campbell (lower left photo), EVP and CFO said, "We are excited to be expanding our operations in the Northern Virginia area. This newest investment is located a short drive from several major employment centers including the GEICO Campus, the University of Mary Washington and the Mary Washington Hospital.

“Additionally, the property provides close access to the Virginia Railway Express, a commuter rail service connecting Fredericksburg, VA to Washington, D.C. Both of these high quality and stabilized acquisitions are expected to be accretive to next year's earnings and shareholder net present value."

Contact:

 Investor Relations of MAA, +1-901-682-6600, investor.relations@maac.com

Web Site: http://www.maac.com

Prologis, SCE, Kimberly-Clark Announce Installation of a Major Single Rooftop Solar Power System at California Distribution Center

  

DENVER, ROSEMEAD, CA and DALLAS, TX, Dec. 15, 2011 /PRNewswire/ -- Prologis Inc. (NYSE: PLD), Southern California Edison (SCE) and Kimberly-Clark Corporation (NYSE: KMB) today announced that Kimberly-Clark's Redlands, Calif. distribution center has received one of the largest single rooftop solar power installations in the country.

Expanding on the 100 kilowatt solar array installed in 2009, the 4.9 megawatt (DC), or 3.5 megawatt (AC), solar installation now covers 350,000 square feet of roof space.

 The renewable energy generated from this rooftop solar array will produce up to 6.6 million kilowatt-hours of clean energy per year, will offset approximately 4,500 metric tons of carbon dioxide equivalent annually, and provide enough electricity to power approximately 925 average Southern California homes a year.

Prologis owns the building, Prologis Park Redlands #5 (top left photo), and managed the construction of the solar facility. The project was designed and financed by SCE, which will own the solar installation and use the power to serve customers in the community. Kimberly-Clark is the building's sole tenant and receives power from the original 100-kilowatt solar installation.

"Kimberly-Clark's commitment to sustainability includes finding more ways to promote the use of renewable energy, including utilizing available rooftop space," said Suhas Apte (middle right photo) vice president, Global Sustainability, Kimberly-Clark.

Built in 2005, Prologis Park Redlands #5 is a 700,000-square foot facility that has been occupied by Kimberly-Clark since 2007. The company uses the distribution center to supply its full line of consumer products -- including Kleenex, Huggies, Scott, Depend and Kotex -- to retailers around the country.

Contact:

 Sara Klein of Prologis Inc., +1-415-680-4032, sklein@prologis.com; or

 Gil Alexander of SCE, +1-626-302-2255, gil.alexander@sce.com; or

Stephanie Anderson Forest of Kimberly-Clark Corporation, +1-972-281-1389, stephanie.a.forest@kcc.com

Web Site: http://www.kimberly-clark.com/

Waterfront Condo Project Trades In Bulk Deal In Fort Lauderdale, FL

MIAMI, FL -- A Delaware corporation has paid $10 million for the final 19 units of a new waterfront condo complex in the Downtown Fort Lauderdale and the Beach market, according to a new report from CondoVultures.com.

The buyer - Hemingway Landings LLC with a permanent address in Williamstown, Mass. - paid an average of $238 per square foot for more than 42,000 square feet of livable space at the in a deal that transacted on Nov. 22, 2011, according to Broward County Hemingway Landings (top left photo) records.

"As a result of this bulk deal, there are now fewer than 50 developer units that remain unsold in the Downtown Fort Lauderdale and the Beach submarket from the last South Florida real estate boom," said Peter Zalewski (bottom right photo) a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC.

"Depending upon how new unit sales go in the fourth quarter of 2011, the Downtown Fort Lauderdale and the Beach submarket could be sold out by the end of the year. If this does not happen, it is only a matter of time until the boom-era condos in the Downtown Fort Lauderdale and the Beach market are eventually sold."  

As of Sept. 30, 2011, developers had sold 99 percent of the nearly 5,100 units created in the coastal Downtown Fort Lauderdale and the Beach market since 2003, according to a recent CondoVultures.com report.

Condo Vultures® LLC is a real estate consultancy and marketing company based at 1005 Kane Concourse, Suite 205, Bal Harbour, Florida, 33154. You can reach Condo Vultures® LLC at 800-750-0517.

CalPERS Issues Response to Stanford Pension Study

SACRAMENTO, CA--CalPERS today responded to the Stanford Institute for Economic Policy Research (SIEPR) report examining CalPERS, the California State Teachers' Retirement System (CalSTRS) and the University of California Retirement Plan (UCRP):

"The study is written from a perspective that is intended to exaggerate perceived costs and the instability of pension systems," said Ann Boynton, Deputy Executive Officer of CalPERS Benefit Programs Policy and Planning.

"The report's findings were based on low discount rates to artificially magnify unfunded liabilities.  It is important to remember that CalPERS invests in a highly diversified portfolio that includes stocks, real estate, and other assets that have historically earned significantly higher returns than the rates assumed in the study."

 The health of the CalPERS fund has improved in the last two fiscal years as noted below:

   Over the past 20 years through June 30, 2011, CalPERS has earned an average annual investment return of 8.4 percent in excess of the pension fund's actuarial rate of return assumption of 7.75 percent needed to pay long-term benefits.

The Fund has achieved this rate by investing in a diversified portfolio with an acceptable level of risk. This historical average includes steep losses experienced in 2008-09.

   As of the most recent fiscal year end, the Fund earned a 21.7 rate of return and gained back $60.8 billion from the recent 2009 low of $181 billion. CalPERS assets currently stand at more than $224 billion.

 CalPERS has maintained good levels of funding and delivered promised benefits for 80 years. Currently we are near a 75 percent funded status, with an unfunded liability of $85-90 billion.

   For every dollar paid in pension benefits over the last 20 years,  the vast majority came from investments:

Investment earnings      66 cents

Employer contributions   21 cents

Member contributions     13 cents

More information on CalPERS pensions is available in our Guide to CalPERS Pension Facts.

C&W negotiates renewal and expansion lease for KPMG in Downtown Orlando, FL

Orlando, FL– Cushman & Wakefield of Florida, Inc. (C&W)Office Brokerage Senior Director Rick Solik, Senior Director Matthew McKeever, CCIM, SIOR, and Senior Associate Betsy Owens announced KPMG has renewed and expanded their lease in Regions Bank Tower (top left photo) located at 111 North Orange Avenue in Downtown Orlando.  

Mr. Solik, Mr. McKeever and Ms. Owens negotiated the 17,440 sf, 11-year deal on behalf of the tenant. Jones Lang LaSalle represented the landlord.

 KPMG is a global provider of audit, tax and accounting services.

C&W negotiates new lease for ENG Lending

Orlando, FL – Cushman & Wakefield of Florida, Inc. (C&W) Office Broker Joe Abascal announced, SeaBright Insurance has successfully completed a sublease agreement with ENG Lending Inc., at Colonial Center 200 at Townpark (bottom right photo) in Lake Mary, FL

 With Mr. Abascal’s efforts the transaction took less than 60 days to find a suitable sub-tenant and negotiate the 3,365 sf deal on behalf of his client SeaBright Insurance Inc.

Contact:

Brook Hines

Marketing Associate

Cushman & Wakefield

800 N. Magnolia Avenue, Suite 450

Orlando, Florida 32803

Tel: 407-541-4401

brookhines@cushwake.com

http://www.cushwake.com/

HFF arranges $13 million in construction and mezzanine financing for Fountain Residential student housing project at Oregon State University

 DALLAS, TX – HFF announced today that it has arranged a construction and mezzanine loan totaling $13 million for 7th Street Station (top left rendering), a 308-bed/82-unit student housing development at Oregon State University in Corvallis, Oregon.

HFF worked exclusively on behalf of the borrower, Fountain Residential Partners, to secure the construction loan through American Bank of Texas.  Nationwide Real Estate Investments provided the mezzanine loan. 

Due for completion in September 2012,  7th Street Station will feature 10 two-bedroom/two-bath and 72 four-bedroom/four-bath units averaging 1,321 square feet each.

 Located at the southwest corner of 7th Street and SW Western, the property is three blocks east of the Oregon State University campus in Corvallis.  7th Street Station will be the first purpose-built, off-campus student housing project developed in the Oregon State market, which has average multifamily occupancies of 99 percent. 

The HFF team representing Fountain Residential Partners was led by associate director Adam Herrin (middle right photo) and director Tom Wilson (lower left photo). 

According to HFF, this project represents a unique opportunity to develop a student housing community at a university with substantial enrollment growth and high barriers to entry. Oregon State University boasts a current enrollment of 24,977, with an increase of 5.1% this year. The investor appetite for this project once completed will be significant.

Fountain Residential Partners is a Dallas-based multifamily real estate development and asset management company specializing in student housing. 

  The team is led by Brent Little, Jon Clayton and Trevor Tollett who have extensive experience in developing student housing communities across the country. Earlier this year Fountain Residential commenced construction of The Vue on University Apartments one block from Texas Christian University in Fort Worth, Texas.

Contacts:

ADAM F. HERRIN                                THOMAS F. WILSON                 

HFF Associate Director                        HFF Director                                    

(214) 265-0880                                      (503) 224-0444                               

aherrin@hfflp.com                                  twilson@hfflp.com

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com                                      

HFF closes $20.4 million sale of Shops at Sea Island on St. Simons Island, GA

  

  ATLANTA, GA – HFF announced today that it has closed the sale of The Shops at Sea Island (above centered  photo), a 95,729-square-foot, grocery-anchored retail center on St. Simons Island, Georgia.

HFF exclusively represented Varner Properties in the sale of the property to an undisclosed buyer for $20.4 million.

The Shops at Sea Island is located at 600 Sea Island Road along the primary thoroughfare into Sea Island. 

Completed in 1995, the property is fully leased to tenants including Harris Teeter, Bank of America, Chico’s, GNC, Jos. A. Bank, Talbots and The UPS Store.

“The Shops at Sea Island is the dominant retail development that serves Sea Island and St. Simons Island, and it is anchored by the number one grocer on the islands,” said Hamilton.

The HFF investment sales team representing Varner Properties was led by managing directors Jim Hamilton (middle right photo) and Richard Reid (lower left photo).

Contacts:

JIM R. HAMILTON                                    RICHARD M. REID                           

HFF Managing Director                           HFF Managing Director                  

(404) 942-2212                                         (404) 942-2209                               

jhamilton@hfflp.com                                  rreid@hfflp.com                             

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com                                     

HFF secures $42 million financing for Phase IV of Homecoming at Terra Vista in Rancho Cucamonga, CA

IRVINE, CA – HFF announced today that it has secured a $42 million financing for the fourth phase of Homecoming at Terra Vista (top left photo), an 868-unit multi-housing community within the master planned community of Terra Vista in Rancho Cucamonga, California.

Working exclusively on behalf of Lewis Operating Corp., HFF placed the nine-year, fixed-rate loan with Prudential Mortgage Capital Company. 

The property was previously unencumbered with debt.  HFF also arranged prior financing for Phases I, II and III of the property through Freddie Mac. This is the third transaction HFF has arranged for Lewis Operating Corp with Prudential in 2011. 

Completed in 2010, the fourth phase of Homecoming at Terra Vista consists of 241 units that are 95.8 percent leased.  The first phase of the property began construction in 2005.  

The HFF team representing Lewis Operating Corp. was led by Don Curtis (middle right photo) and Charles Halladay (lower left photo)

.Lewis Operating Corp. is a member of the Lewis Group of Companies.  Founded in 1955, the Upland, California-based Lewis Group of Companies is one of the nation’s largest privately-held real estate organizations engaged in the acquisition, ownership, development and management of residential and commercial real estate throughout California and Nevada. 

The Lewis Group of Companies has developed more than 65,000 single family homes and apartments and more than 14 million square feet of retail, office and industrial space.

 For more information about Lewis Operating Corp. and the Lewis Group of Companies visit http://www.lewisop.com/.

Contacts:

 DONALD J. CURTIS                                      KRISTEN M. MURPHY

 HFF Senior Managing Director                     HFF Associate Director, Marketing

(949) 253-8800                                                (713) 852-3500

dcurtis@hfflp.com                                            krmurphy@hfflp.com                                      

Three of Four Major Investor Groups Increased Commercial/Multifamily Mortgage Investments During The Third Quarter, MBA Reports

 Washington, DC (Dec. 14, 2011) - The level of commercial/multifamily mortgage debt outstanding was essentially unchanged in the third quarter of 2011, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). 

 The $2.4 trillion in commercial/multifamily mortgage debt outstanding was just $533 million lower than the second quarter 2011 figure. Multifamily mortgage debt outstanding rose to $806 billion, an increase of $4.1 billion or 0.5 percent from the second quarter.

 "Three of the four leading investor groups increased their holdings of commercial and multifamily mortgages during the third quarter," said Jamie Woodwell (top right photo) MBA's Vice President of Commercial Real Estate Research.

 "Life insurance companies, banks, and Fannie Mae/Freddie Mac/FHA each increased their investments in commercial/multifamily mortgages during the period.

“The CMBS market, which was sidelined during the quarter by US and European sovereign debt struggles and other capital markets disruptions, saw $7.4 billion more in loans pay-off and pay-down than was added.

"The net effect was no appreciable change in the amount of commercial/multifamily mortgage debt outstanding."

For a complete copy of MBA’s news release, please contact: 

Matt Robinson, (202) 557-2727,  mrobinson@mortgagebankers.org: http://www.mortgagebankers.org/

HFF arranges $40.8 million in construction and mezzanine financing for Circle Ninth Street in Durham, NC

DALLAS, TX – HFF announced today that it has arranged a construction and mezzanine loan totaling $40.8  million for the development of Circle Ninth Street (top left rendering), a to-be-built, 303-unit, Class A multi-housing community in Durham, North Carolina.

HFF worked exclusively on behalf of the borrower, Crescent Resources, LLC, to secure a $32.7 million construction loan through US Bank.  Pearlmark Real Estate Partners, LLC provided an $8.1 million mezzanine loan.  The initial term of each of the loans is three years. 

Inclusive of Circle Ninth Street, HFF has arranged financing for three construction projects on behalf of the borrower in 2011 for a total of $115.3 million.

Circle Ninth Street will be located on a 6.1-acre site at the northeast corner of Main and Ninth Streets within walking distance to Duke University and close to the Research Triangle. 

Set to deliver the first units in fall of 2012, the property will include several four-story buildings with various architectural styles surrounding a structured parking garage. 

The arrangement of the four-story buildings will provide several private outdoor amenity areas, including a central lawn, community park, pool and fitness courtyard, and a dog park.

The courtyards will be interconnected and the streetscape areas have been designed for urban, walkable connections. Resident amenities will include a lounge, wireless cafe, gaming room, demonstration kitchen, group study library, business center, screening room and fitness center. 

The HFF team representing Crescent Resources, LLC was led by director Travis Anderson (middle right photo) and senior managing director Tim Jordan (middle left photo).

Crescent Resources, LLC is a real estate development company with interests throughout the southeastern United States.  Based in Charlotte and established in 1969, Crescent Resources is known for its single-family, multifamily and resort residential communities.  Crescent also owns and manages business and industrial parks and shopping centers. 

Visit http://www.crescent-resources.com/ for more information.

Contacts:

TIM JORDAN                                   TRAVIS ANDERSON                    

HFF Sr. Managing Director             HFF Director                                      

(214) 265-0880                                 (214) 265-0880                                

tjordan@hfflp.com                             tanderson@hfflp.com 

                   

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

PCCP, LLC Provides $38.72 Million Senior Loan to Recapitalize Burr Ridge Village Center in Southwestern Chicago Suburb

NEW YORK, NY, Dec. 14, 2011 - PCCP, LLC announced today it has provided a $38.72 million senior loan to finance the note purchase and provide funds for completion and leasing costs for Burr Ridge Village Center (top left photo), a mixed-used property located at 1000 Village Center Drive in Burr Ridge IL, a southwestern Chicago suburb. The owner of the property is an entity managed by Founders Properties.

Burr Ridge Village Center consists of 196 residential condominiums (62 of which have not yet been sold), 37,000 square feet of office condominiums, and 195,441 square feet of retail space which was completed in November 2007 and is leased to major tenants such as Banana Republic, Victoria’s Secret, Kohler Spa, Bath and Body Works, and Aeropostale.

“The loan proceeds PCCP has provided will recapitalize the original construction loan and provide capital for the completion costs associated with leasing of the retail portion and finishing construction of the residential condominiums. The owner will now be able to offer the retail and residential condominiums at market rates,” said Barrie Bloom (middle right photo), vice president with PCCP, LLC.

 “This investment gives PCCP the opportunity to originate a loan at an attractive basis on a unique retail and residential condominium property. The asset is also supported by strong retail tenants and a healthy residential condominium sales market in an affluent Chicago submarket.”

Burr Ridge Village Center is one block south of Interstate 55 and is approximately 22 miles southwest of downtown Chicago. It is surrounded by the affluent communities of Hinsdale, Indian Head Park, Western Springs, Willowbrook, and Willow Springs.

The population within a five-mile radius of the property is approximately 190,000. Adjacent to Burr Ridge Village Center is one of the most successful Lifetime Fitness facilities, which has more than one million visitors per year.

 Learn more about PCCP and Founders Properties  at www.pccpllc.com and

www.foundersproperties.com.

Media contact: Darcie Giacchetto, Spaulding Thompson & Associates, 949-278-6224

           

Lincoln Arranges Sale of Former OUC Headquarters in Downtown Orlando, FL

  

ORLANDO, FL (Dec.14, 2011) –Lincoln Property Company has successfully brokered the sale of the former Orlando Utilities Commission (OUC) headquarters (lower left photo) in downtown Orlando. In a deal that officially closed Nov. 30, GDC Properties, LLC purchased the eight-story property for $2.8 million with plans to convert the 44-year-old building into a loft style hotel.

 Lincoln Property Company, exclusively representing the seller (OUC), put the property under contract, assisted through due diligence and closed on the building within a three month timeframe. The property had been marketed for a number of years with Lincoln taking over the assignment about five months ago. 

Joe Rossi (top right photo), senior vice president of investment services at Lincoln, handled the sale and was the only broker involved on either side in the negotiations.

 “OUC is pleased to have a buyer who will preserve the exterior shell of the building and make a significant capital investment in the neighborhood,” said Mr. Rossi, “especially since this will provide an outstanding amenity for OUC’s new headquarters building next door.”

For more information on the Southeast Region of Lincoln Property Company, please visit http://www.lpc.com/ or http://www.lpcsoutheast.com./

Contact:

Laura Dudebout

O: 404.965.5023

C: 678.642.4301

ldudebout@wnspr.com