CT Shoreline Retail Center Sells for $3.25 Million; Northeast Private Client Group Represents Seller Exclusively

  

Bridgeport, CT – Investment sales broker Northeast Private Client Group has announced the sale of Killingworth Village, a bank-anchored retail property located at 184 Route 81 in Killingworth, CT. 

David Almeida, a licensed commercial specialist in the firm’s Bridgeport office, represented the seller exclusively in the $3,250,000 transaction, which closed on June 18. 

“The successful completion of this sale is yet another positive indication of the strong demand for desirable, well-positioned retail properties,” said Almeida.  “We were able to create tremendous competition among qualified buyers to acquire this asset.”

David Almeida

The property, 4.5 miles north of the Clinton Crossings regional outlet center and I-95, comprises five buildings with nearly 20,000 square feet of leasable retail, office and residential space.   The property is anchored by net-leases with TD Bank and Subway.

The seller, Southport Holdings LLC of Trumbull, CT, held the asset for nearly a decade and is now refocusing on private real estate lending.  The buyer, Anderson Family Trust of Tampa, FL, acquired the Killingworth property as part of an IRS 1031-exchange strategy from the sale of multifamily properties in East Hartford, CT.

“This transaction clearly played to the strengths of our platform,” said Edward Jordan, JD, CCIM, managing director of Northeast Private Client Group.  “With offices throughout the Northeastern U.S., we leveraged our relationships to source a well-qualified buyer with competitive interests in the Connecticut real estate market.”

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

Randy Savicky

Strategy+Communications

randy@strategypluscommunications.com

203.226.6156

Capital Square Realty Advisors Acquires New York Medical Office Building

Louis Rogers

NEW YORK, NY – Capital Square Realty Advisors, LLC announced today that an affiliate of the company has acquired a 17,714-square-foot medical office building in the New York hamlet of Merrick on Long Island.  The facility is 100 percent leased on a long-term basis to Orlin & Cohen Orthopedic Group.

“This is an exceptionally well located medical office building that is 100 percent leased to the largest private orthopedic practice in New York State,” said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.

 “It’s strategically located within 16 miles of nine area hospitals, and is surrounded by densely populated residential neighborhoods on Long Island.”

 The two-story medical office building, which was completely renovated in 2009, is located at 1728 Sunrise Highway and includes: multiple waiting rooms; 12 examination rooms; five patient consultation rooms; an x-ray room; fluoroscopy suite; newly refurbished MRI suite and six private offices.

The property is easily accessible along Sunrise Highway, as well as via Southern State Parkway, Northern State Parkway and the Long Island Expressway. It can also be reached via the Long Island Rail Road and Nassau Inter-County Express bus system.

Medical office building, 1728 Sunrise Highway
Merrick, NY

Capital Square is focused on the acquisition of medical office buildings leased by leading medical practices. 

The demographics are very strong for healthcare-related real estate due to an aging population and the Affordable Care Act. 

This is Capital Square’s second acquisition of a medical office building, with many others in the acquisition pipeline.

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

Julie Leber

Account Manager

Spotlight Marketing Communications

18101 Von Karman Avenue, Suite 330

Irvine CA 92612

949-427-5172, ext. 703

julie@spotlightmarcom.com

Goddard Investment Group Acquires Fountain Place in Dallas, TX

Fountain Place

 DALLAS, TX — Atlanta-based Goddard Investment Group, LLC, has acquired Fountain Place, the iconic, 58-story office tower located near the Arts District in Dallas.

The 1.2 million-square-foot, LEED Gold-certified building is currently 88 percent occupied. The acquisition was completed through the Goddard Value-Add Office Fund I, LP.

 “Fountain Place is one of the most recognizable buildings in the Dallas skyline. Our vision for the property is to expand and refresh the public areas, making them consistent with the striking design of the tower’s exterior facade,” said Robert C. Goddard III, chairman and CEO of Goddard Investment Group.

"With our investment, this will be a truly irreplaceable building that offers all the amenities, accessibility and prestige expected from a top-tier Uptown or Arts District building.”

 Goddard plans to execute a substantial renovation and repositioning program to re-establish the building as a contemporary, Class-AA asset. Specific property improvements include refurbishing the lobby and elevator banks, and enhancing the exterior fountains and landscaping.

In addition, Goddard has plans to build a new parking garage adjacent to the building to accommodate a parking ratio substantially above market average.

Robert C. Goddard III

 Fountain Place was built in 1986 and designed by I.M. Pei. Cassidy Turley has been retained to oversee leasing at the property.

 Goddard Investment Group was founded in 2000 and is headquartered in Atlanta, with a regional office in Dallas. 

The company has acquired and managed approximately 12 million square feet of commercial property, and currently has investments in Atlanta, Dallas, Houston, Miami and Tampa. 

Goddard Value-Add Office Fund I, L.P. is a discretionary, commingled, institutional fund sponsored by Goddard Investment Group.  

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

Ellen Marsau

Jackson Spalding

emarsau@jacksonspalding.com

(214) 646-1657

Hold-Thyssen Negotiates two new leases for professional office space totaling 2,705 square feet in Trinity, FL

Carol Kinnard

TAMPA, FL  --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, with offices in Tampa, recently negotiated two new leases for professional office space in Trinity in Pasco County.  

 Richard J. Fisher, vice president / investor services in Hold-Thyssen’s Tampa office, said Transaction Specialist Carol Kinnard negotiated both transactions. 

 Kinnard represented Landlord Trinity Medical Holdings, Inc. in a five-year lease to Commoncents Wealth Advisors, LLC for 1,605 square feet in Trinity Medical and Professional Center, 8820 Belagio Drive.   

 Previously Kinnard represented the same landlord in leases with two other long-term tenants in adjacent suites, and all three transactions represent a total of 4,605 square feet in less than one year at the professional center.

 At Hunting Creek Pointe, 3610 Galileo Drive in Trinity, Kinnard represented Tenant JGI Insurance Group, LLC in an office lease agreement for 1,100 square feet in Suite 102. 

The landlord is Sunfield Homes, Inc.   The site selection process allowed Tenant JGI Insurance to understand market rates and terms, narrowing the choice to two top locations. 

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

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

NAI Realvest Negotiates New Retail Lease at Busy Daytona Beach, FL Intersection

Kimberly Manson

ORLANDO, FL – NAI Realvest recently negotiated a new lease agreement for a 3,682 free-standing retail building at 2705 North Atlantic Ave. at the intersection of Plaza Blvd. in Daytona Beach. 

 The NAI Realvest team of Jeffrey Tanner and Kimberly Manson negotiated the transaction representing the landlord, EYM Realty of Florida LLC based in Dallas.    Lake View Wireless, LLC is the new tenant. 

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

CrowdVested Names Cathy Woolard to Board of Advisors

  

Cathy Woolard

ATLANTA, GA – CrowdVested, an online crowdfunding platform focused on commercial real estate, announced that long-time public affairs consultant and former Atlanta City Council President Cathy Woolard has joined the firm’s Board of Advisors.

Woolard brings an extensive and formidable resume to CrowdVested, where she will join seven other Atlanta-area business executives on the firm’s advisory board. The board provides strategic advice to the CrowdVested management team.

“The addition of Cathy Woolard to our advisory board will help CrowdVested strengthen and expand its mission to enable real estate developers to raise funds for new projects in Atlanta,” said Grady Thrasher, CEO of CrowdVested. “It takes vision to succeed in what we are attempting in Georgia, and Cathy has always been a visionary.”

When Woolard became Atlanta City Council president in 2002, she was the first woman to do so. She was an early proponent of the Atlanta BeltLine and supporter of the city’s tech community, first through her involvement with iVillage.com and then as a lobbyist for the American Electronics Association.

 She also has been heavily involved in community development efforts, serving as a consultant to the Georgia Transit Coalition and Citizens for Progressive Transit.

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

Mark Braykovich

(404) 343-0886

mbraykovich@thewilbertgroup.com

Arbor Funds $9.9M in FHA Loans for Two Assisted Living Facilitie

  

Jenifer Williams

 UNIONDALE, NY (June 24, 2014) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of $9,922,900 for two assisted living facilities, Oliver Woods Retirement Village in Owosso, MI, and Marycrest Assisted Living in Denver, CO.

The financing for both loans was funded under the Federal Housing Administration (FHA) 232/223(f) LEAN mortgage insurance program. 

With Arbor’s dedicated FHA Seniors Housing and Healthcare platform continuing to expand, the owners of both facilities were able to use Arbor’s expertise to assist them through the complexities of the FHA mortgage insurance application process, enabling the transactions to close quickly.

“Arbor’s process was very efficient and their experience with FHA transactions helped support a smooth borrowing experience,” Oliver Woods’ ownership stated.

Oliver Woods Retirement Village, Owosso, MI

The $6,497,900 loan for the 80-unit Oliver Wood Retirement Village is comprised of a 35-year term with a 35-year amortization. 

The property was built in four phases between 2004 and 2012 and is comprised of four buildings, two of which are designated for general assisted living and two of which focus on residents with greater care needs. 

Common areas include a central dining room, several activity centers and a library. Each unit has staff-monitored emergency pull chords in the bathrooms and bedrooms. Most of the one-bedroom units contain kitchenettes and each unit has individually controlled heating and air conditioning.

Marycrest Assisted Living Center, Denver, CO

“Oliver Woods is a strong investment among many in the owner’s portfolio. 

"As such, in this deal he was able to lock in extremely favorable financing terms for 35 years, which was only available through the FHA platform,” explained Jenifer Williams, AVP, FHA Deputy Chief Underwriter in Arbor’s Allen, TX, office.

“Beyond providing the competitive terms, Arbor was also pleased to be able to take its standard hands-on approach with the transaction, which enabled it to close in an expeditious manner, providing the owner with his funding that much faster and easier.”

The $3,425,000 loan for the 138-unit Marycrest Assisted Living facility is also comprised of a 35-year term with a 35-year amortization. The non-profit facility opened in 1998 and serves elderly and developmentally disabled adults.

 The project was built on land belonging to The Sisters of St. Francis, who had used the greater convent campus since 1900 to serve homeless adults and provide education for low-income children.

  The Marycrest project was originally financed as a risk-share between the Colorado Housing Authority and the U.S. Department of Housing and Urban Development and has been an important part of the City of Denver’s plan to preserve affordable housing options.  

“Arbor was very pleased to be able to facilitate a low-interest 35-year HUD loan with Marycrest,” Williams said. “It secured the project’s ability to serve an at-risk population for the foreseeable future.” 

  

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

Christopher Ostrowski COstrowski@arbor.com

Western National Property Management Selected to Manage New Luxury Apartment Community in La Verne, CA

  

La Verne Village Luxury Apartment Homes & Shops
La Verne, CA

LA VERNE, CA – Western National Property Management has been selected to manage the 172-unit luxury apartment community within the Hutton Companies’ recently completed La Verne Village Luxury Apartment Homes & Shops, located in the city of La Verne, Calif.

“This apartment community raises the bar in terms of luxury living for La Verne area renters,” said Laura Khouri, President of Western National Property Management.  

“With luxury apartment homes situated adjacent to retail shopping and dining options, renters will have the opportunity to live, shop and dine in one new, exciting location.”

Laura Khouri

The community already features a number of retailers within its 15,000 square feet of shop space, including WaBa Grill, Massage Green Spa and Sports Clips Haircuts. 

 In addition, the Hutton Companies plan to add new retail shops and restaurants in the coming months, according to Khouri.

“Today’s renters understand the benefits of living in a community that combines a luxury lifestyle and retail offerings,” noted Khouri.  “We anticipate high demand for these new apartment homes.”

Scott C. Felix, President of Hutton Management Group agrees, explaining, “Historically, the City of La Verne has lacked high quality rental housing options. 

"Now La Verne Village Luxury Apartment Homes and Shops provides an atmosphere to give sophisticated residents the community they’ve desired but hasn’t existed within the region.”

The apartment community at La Verne Village Luxury Apartment Homes & Shops consists of one-, two- and three-bedroom floor plans, with individual apartment units ranging from 728 to 1296 square feet.

Scott C. Felix

Each apartment home within the Class-A property features various luxury amenities, including a free attached or detached garage, gourmet kitchens, in-home washer/dryer, walk-in closets, wood style flooring and crown molding.

The apartment community also features a variety of luxury community amenities, including a media lounge, internet café, pool resort/entertainment area, fitness studio and theatre room. In addition, residents have the option to choose an apartment in the community’s smoke free living area, where smoking is not permitted in or around the buildings.

La Verne Village Luxury Apartment Homes & Shops is located on the popular Foothill Boulevard, providing residents with additional shopping and entertainment options. The community’s location also offers direct access to the 210, 57, and I-10 freeways, as well as the metro link and bus lines for commuting.

            Renters interested in leasing a luxury apartment at La Verne Village Luxury Homes & Shops can visit www.LaVerneVillage.com or contact the community directly at (877) 969-3144.

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

Corynne Randel / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

CRandel@browermillercole.com

HC Real Estate Capital Arranges $5 Million in Financing for Fractured Condominiums In South Florida and Naples, FL

1060 Brickell condominiums, Miami, FL

DELRAY BEACH, FL, June 24, 2014 -- Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital have arranged $5,000,000 in financing for 69 units located within 9 separate communities throughout South Florida and Naples, FL.

 Combined, the units are 100% occupied.  HC Real Estate Capital utilized its relationship with the lender to create a structure that would allow the borrower to refinance their existing debt with a new 5-year loan.

Chris Caveglia, Principal at HC Real Estate Capital stated, “This was a very complicated transaction and both the lender and the borrower worked well together to get the loan closed” 

Caveglia went on to say, “the loan structure allows the borrower to carry out the long term plan of the borrower.”

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia.  Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent and bridge commercial and multifamily real estate loans.  The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks.

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

Chris Caveglia

HC Real Estate Capital, LLC

660 Linton Blvd. Ste 200 EX5

Delray Beach, FL 33444

Direct: 561-266-3273

Mobile: 561-376-3176

ccaveglia@hcrecapital.com

www.HCREcapital.com

The St. Regis Chengdu Hotel in China Appoints George Edward Wahalatantri as Chief Butler

George Edward Wahalatantri

(Chengdu, China – June 24, 2014) – The St. Regis Chengdu today announces the appointment of George Edward Wahalatantri as the hotel’s Chief Butler.

With more than a decade of experience in the luxury hospitality and service industry, Mr. Wahalatantri will lead a team of 27 butlers and service staff at The St. Regis Chengdu, the city’s premiere address for sophisticated luxury and bespoke service. 

His impeccable credentials and experience make Wahalatantri perfectly suited to deliver the highest levels of white-gloved service expected of the St. Regis brand.

“We are thrilled to have Mr. Wahalatantri as part of our distinguished team at The St. Regis Chengdu.” said Richard Deutl, General Manager of The St. Regis Chengdu.

 “Our goal is to provide all of our treasured guests with discreet, anticipatory service and we are confident Mr. Wahalantri’s worldly expertise and dedication will ensure that each and every request, from small to large, is flawlessly executed.”

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

Hwee Peng Yeo

Vice President, Asia Markets

Glodow Nead Communications

San Francisco • New York • Singapore • Shanghai

Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190

1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111

Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com

 www.GlodowNead.com

$97 million construction loan for hotel developments adjacent to Boston Convention & Exhibition Center secured by HFF

Rendering of planned Seaport Aloft Hotel
Boston, MA

BOSTON, MA – HFF announced today that it has secured a $97 million construction loan for the development of a 330-room Aloft Hotel and a 180-room Element Hotel adjacent to the Boston Convention and Exhibition Center (BCEC) in Boston’s Seaport District.

                Working on behalf of a venture between Ares Management LLC and CV Properties LLC, HFF placed the 42-month construction loan with RBS Citizens and Santander Bank, N.A. 

                The two hotels will be situated on a 3.1-acre site at 371-401 D Street leased from the Massachusetts Convention Center Authority (MCAA) in Boston’s Seaport District. 

The Aloft Hotel will be a 13-story hotel with 325 guestrooms and five one-bedroom suites.  Hotel amenities will include a grab and go gourmet eatery, fitness center, pool, outdoor entertainment area, Aloft’s signature w xyz bar, and 12,000 square feet of function space. 

Anthony Cutone

The Element Hotel will be designed for longer-stay travelers and will feature 180 guestrooms with fully-equipped kitchens, flexible work space and spa-inspired bathrooms.

 The six-story hotel will have studio suites, one-bedroom suites, standard king rooms and eight conference suites.  Hotel amenities will include a pool and fitness center, Restore: Gourmet Pantry, a bike sharing program and meeting space.

                The HFF debt placement team representing the borrower was led by managing director Anthony Cutone and senior real estate analyst Alan Suzuki. 

The Citizens team was led by Kevin Boyle, Chris Robie and John Fahy. 

The Santander team was led by George Brockman, director of commercial real estate, and Pete Olivier, senior commercial real estate banker.   

Alan Suzuki

                “The development of the Aloft and Element Hotels will add more than 500 hotel rooms to the immediate BCEC area, providing a degree of relief to the undersupplied Boston hotel market and allowing the Boston Exhibition and Convention Center to more effectively compete for convention business,” said Cutone.  

“We are excited to be able to play a continuing role in the growth of Boston’s Seaport District.  We have partnered with developers to finance other projects in the area including 100 Northern Avenue and Waterside Place and are very pleased to be able to work on the projects that are changing the face of this part of Boston,” said Gary Magnuson, Head of Commercial Real Estate for RBS Citizens. 

“With so many visitors coming to Boston to enjoy all that the city has to offer, we wish the Aloft and Element hotels success.”

  For more information about Santander, visit www.santanderbank.com or call 877-768-2265.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Marcus & Millichap Arranges Sale of 64-Unit Apartment Building in Davie, FL for $5.75 Million

Evan P. Kristol

DAVIE, FL, June 23, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of College Square Apartments, a 64-unit apartment complex located in Davie, FL. The asset sold for $5,750,000 equating to $89,844 per unit.

Evan P. Kristol, a senior vice president investments, and Joseph P. Thomas, a vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Boca Raton, FL.  The buyer, a private investor from Hollywood, FL was also secured and represented by Kristol and Thomas.

“College Square Apartments was a rare opportunity to acquire a mid-size, value-add property in an excellent Broward County rental location. 

" This property is ideally located adjacent to the South Florida Educational Center, which is comprised of area schools, colleges and universities.  The buyer expects to increase revenue through renovations and improving operational efficiencies,” says Thomas.

Joseph P. Thomas

“We generated tremendous interest through our marketing campaign and ultimately closed at the full asking price, with multiple backup offers.  

"This was one of a handful of remaining non-institutional assets left in the Davie submarket. The buyer was attracted to the rarity of the deal and the tremendous upside potential,” adds Kristol.

College Square is comprised of six two-story residential buildings with 40 one-bedroom apartments and 24 two-bedroom apartments.  The community also includes a gated swimming pool and sundeck, barbecue grilling areas, a leasing office and laundry facility.

College Square Apartments is located at 6600 SW 39th Street in Davie, FL. 

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

Ryan Nee

 Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Related Midwest’s 500 Lake Shore Drive in Chicago Achieves LEED® Gold Certification

500 Lake Shore Drive, Streeterville Neighborhood
 Chicago, IL

CHICAGO, IL (June 23, 2014) – Developer Related Midwest today announced that 500 Lake Shore Drive, its debut apartment tower in the Chicago market, has earned LEED Gold certification from the U.S. Green Building Council (USGBC) for achievements in sustainable design and construction.

The honor comes one year after the grand opening of the 500-unit ultra-luxury rental building, which is currently 99 percent leased and occupied, and follows in the footsteps of 340 on the Park, Related Midwest’s upscale condominium tower at 340 E. Randolph St. that in 2009 became the first residential tower in the Midwest to earn LEED Silver certification.

Curt Bailey

 Located in Chicago’s Streeterville neighborhood, 500 Lake Shore Drive was awarded LEED Gold certification for meeting strict criteria set forth by USGBC relating to site development, materials selection, energy and water efficiency, and indoor environmental quality. 

In addition to receiving credits for exceptional construction waste management and use of recycled and regionally produced materials, the smoke-free building was recognized for a variety of environmentally friendly features, including everything from energy-efficient glazing and lighting to green rooftops that help absorb heat and reduce runoff.

 “We’ve embraced LEED development from day one with pioneering projects like 340 on the Park, the city’s first LEED Silver certified residential tower. 500 Lake Shore Drive reflects our ongoing commitment to sustainable design and development in Chicago,” said Related Midwest President Curt Bailey. 

“Today, more renters than ever are looking for a home that reflects their eco-friendly lifestyle without sacrificing any of the services and amenities that have come to define luxury living in downtown Chicago, and as this certification shows, 500 Lake Shore Drive lives up to their high expectations.”

  

For more information, visit www.500LakeShore.com, call

(312) 850-0500, or visit the building’s on-site leasing center.

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

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

CBRE Orlando Offers 212-Unit Hidden River Grande Apartments in University/Temple Terrace Submarket of Tampa, FL

Hidden River Grande Apartments
University/Temple Terrace, Tampa, FL

CBRE is pleased to present the Hidden River Grande, a 212-unit gated community ideally located on the Hillsborough River in the University/Temple Terrace submarket of Tampa. 

This unique waterfront location is just minutes from major demand drivers including the University of South Florida and Busch Gardens Amusement Park, and presents investors with a strong value add opportunity at a desirable pricing well below replacement cost.

  INVESTMENT SUMMARY

Offering Price	To be determined by market
Year Built/Renovated	1973/2012
Number of Units	212
Average Unit Size	882
Total RSF	187,048
Current Occupancy	91%

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

Luke Wickham

First Vice President

+1 407 839 3130

luke.wickham@cbre.com

Hughes Marino Complete New Orange County, CA Office with Creative Space Done ‘Right’

Jason Hughes

Irvine, CA, (June 23, 2014)-  Having worked with thousands of companies in locating and creating the right space for their clients’ businesses, Hughes Marino, a commercial real estate brokerage and advisory firm exclusively representing tenants and buyers, has now announced the completion of its own creative office space concept in Irvine.

  With a fresh take on creative office space, Hughes Marino’s new Orange County office creates the right balance with traditional private offices that are set within a highly unusual environment, according to Jason Hughes, CEO of Hughes Marino.

“There has been an enormous amount of hype surrounding open office space for the past few years,” explains Hughes. “Some claim that the borderless workspaces often favored by tech companies are destined to become the wave of the future.”

Hughes notes that his clients’ needs, and those of his own firm, are more complex than simply doing the new thing because it’s the new thing.

“While the open office concept may seem ‘cool,’ there must be a balance of public and private space in order to achieve maximum productivity,” he explains. “A great deal of research has shown that in many open-space offices, employees are unable to concentrate.  Further, many put on headphones that stop interaction completely so that they can focus on their work.”

Hughes notes that with this knowledge base, built on years of walking every type of office space in California and talking to owners of thousands of office spaces, his company took a different approach in crafting its new space in Irvine.

Hughes Marino’s space features private offices along the exterior of the space.  In the interior space, the setting feels more like a home than a traditional office.

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

Jenn Quader or Amanda Alenick

Brower, Miller & Cole

(949) 955-7940

aalenick@browermillercole.com

www.hughesmarino.com