Cocke, Finkelstein To Develop New Apartment Community in DeKalb County, GA

Chamblee Gateway Apartments Rendering,
Peachtree Boulevard and Chamblee-Tucker Road,
DeKalb County, GA

ATLANTA, GA (July 29, 2014) — Cocke, Finkelstein Inc. (CFI), a full-service multifamily investment firm, has acquired six acres in metro Atlanta at the intersection of Peachtree Boulevard and Chamblee-Tucker Road in DeKalb County.

The firm plans to develop a 283-unit, urban-infill apartment community called Chamblee Gateway, and construction of the Class A property is slated for completion in early 2016.

The Chamblee Gateway land acquisition capped a busy early summer for CFI, as the firm also recently acquired 658 apartment units in metro Atlanta and Michigan, and broke ground on a new apartment community in Atlanta’s prestigious Buckhead sub-market.

Byron Cocke

More specifically, CFI acquired the 296-unit Reserve at Twin Oaks in Clarkston, Georgia, for $12.25 million and three communities in Michigan — the 102-unit Garden Court Apartments in Monroe, the 110-unit Newberry Apartments in Lansing and the 150-unit Olivewood Apartments in Sterling Heights — for $11 million. CFLane, the property management subsidiary of CFI, will manage the four newly acquired communities.

On the development side, The Ardmore, CFI’s 165-unit apartment community in Buckhead, is slated for a third-quarter 2015 completion. 

In addition, leasing has begun at Collier Lofts, a Class A, 184-unit apartment  community in Atlanta’s thriving Buckhead West neighborhood, and construction is slated to be completed this summer.  CFI is co-developing both communities with Enfold Properties.

“The apartment market continues to thrive, both in our hometown of Atlanta and across most of the nation,” said Byron Cocke, Co-CEO of CFI and CFLane. “With the favorable macro economic conditions and our disciplined acquisition and development strategies, we are confident these additions to our portfolio will perform outstandingly and deliver strong returns for our investors.”

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

Stephen Ursery

The Wilbert Group

404-549-7150 (O) 404-405-2354 (C)

sursery@thewilbertgroup.com

Marshall Hotels & Resorts to Manage Under Construction Hotel Indigo Manhattan Financial District

  

 NEW YORK CITY, NY and SALISBURY, MD, July 29, 2014—Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, announced today that it has been selected by owner 10-12 MLane LLC to manage the under-construction Hotel Indigo Manhattan Financial District.  

Marshall will handle all pre-opening activities, as well as operate the hotel upon opening in 2016.

“This will be our third current hotel in Manhattan and eighth new build project in the city,” said Mike Marshall, president and CEO.  “While the hotel will not open its doors for another 18 months or so, the hotel’s future success begins now. 

Michael Marshall

“We will provide input throughout the construction process to help maintain schedules and optimize efficiency, initiate a comprehensive marketing outreach program and bring on experienced staff to ramp the hotel quickly in order to open the property smoothly with a solid book of business. 

“Manhattan is a one-of-a-kind market with numerous idiosyncrasies and demand generators,” he noted. 

“The city has seen a significant amount of new construction in this segment in the past few years which requires creative marketing and operating strategies to succeed.

“ Implementation of our proprietary systems, calling on our in-depth experience in the market and taking advantage of our economies of scale will give this hotel a competitive advantage in all phases of the hotel cycle.”

The Hotel Indigo Manhattan Financial District is centrally located on Maiden Lane between Nassau Street and Broadway, one block from the new One World Trade Center. 

One World Trade Center, New York City, NY

The 25-story, 190-room property’s design will incorporate the theme of time to honor the area’s legendary history of being a craftsman center for fine jewelry and watch-making. 

The hotel will offer 1,450 square feet of meeting space, a fitness center and a rooftop lounge.  

Guests and locals will enjoy a great neighborhood bar with seasonally and local sourced food. 

“Our plan is to operate the hotel so that it becomes an immediate classic in one of the most dynamic neighborhoods in Manhattan,” Marshall said.  

“We expect the Indigo brand and its amenities to be a significant factor in achieving that plan.”

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

Chris Daly, media

Daly Gray Public Relations

(703) 435-6293

chris@dalygray.com

Hartman Simons Adds Veteran Attorneys James Budd in Atlanta, GA and John H. Lewis in Raleigh, NC

James Budd

ATLANTA, GA (July 28, 2014) – Hartman Simons & Wood (Hartman Simons), the nation’s leading commercial real estate law firm, has hired veteran attorneys James Budd and John H. Lewis. Each will serve as a senior counsel with the firm.

Budd, most recently with the Atlanta office of Stites & Harbison, has more than a decade of experience representing clients across the nation in commercial real estate and finance matters.

 He represents both lenders and borrowers in financings on office, retail, multifamily, industrial and mixed-use projects. Budd also represents developers in the acquisition, disposition and leasing of real estate.

Lewis, who joins Hartman Simons from The Law Offices of John H. Lewis PLLC in Raleigh, North Carolina, has practiced commercial real estate law for more than 30 years and has represented clients in a wide range of matters — acquisitions, dispositions, developments and financings — involving virtually all property types.

His career has focused in large part on the representation of national and regional retailers and developers.

 Budd will work in Hartman Simons’ Atlanta office, while Lewis is based in Raleigh.

John H. Lewis

“James and John bring exceptional skill and experience to the wide-ranging commercial real estate expertise at Hartman Simons,” said Gil Y. Burstiner, managing partner of the firm.

“Commercial real estate has weathered the recession-induced doldrums, and activity within the industry is coming back in a big way.

"We are enjoying an extremely busy year, and James and John will help us to continue to provide our growing client base with excellent representation.”

 Budd is a graduate of the Emory University School of Law. Lewis received his law degree from the University of Florida.

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

Stephen Ursery

The Wilbert Group

404.549.7150 – office

404.405.2354 – cell

sursery@thewilbertgroup.com

Marcus & Millichap Arranges Sale of 3,391 Acres in Glen Saint Mary, FL for $4.55 Million

Paul Bouldin

GLEN SAINT MARY, FL, July 28, 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 3,391 acres of land, located in Glen Saint Mary, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $4,550,000.

Paul Bouldin, a senior associate in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

The property is located in Glen Saint Mary, Florida, approximately one mile north of Interstate 10 on County Road 125 in Baker County. 

Glen Saint Mary is one mile west of Macclenny, the county seat and is considered to be in the Jacksonville MSA, approximately twenty-miles west of the Jacksonville city limits. 

It was previously part of a proposed Development of Regional Impact (DRI) that was planned for mixed-uses including a 55+ age restricted single-family residential community.

“This project never became a reality and remained a timber tract until most of the trees were harvested in 2013,” says Bouldin. 

“The property was entangled in Bankruptcy Court and disputes between partners, but this sale allowed the prior owners to resolve their issues and repay their obligations,” adds Bouldin.

“The buyer purchased the property as a long-term investment and plans to continue its agricultural use until development again becomes feasible.”

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

Richard D. Matricaria

Vice President/Regional Manager

Tampa, FL

(813) 387-4700

San Francisco Peninsula Apartment Complex Sold by Marcus & Millichap for $10.8 Million

Viking Apartments, Burlingame, CA

BURLINGAME, CA, July 28, 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 Viking Apartments, a 35-unit apartment property in Burlingame, Calif. 

The $10,800,000 sales price equates to $308,571 per unit.

            Tom Doglio, vice president investments, and Richard Reisman, associate, both in Marcus & Millichap’s Palo Alto office, represented the seller, members of a family that owned the property for over 50 years. Adam Levin, vice president investments, also in the firm’s Palo Alto office, represented the buyer, a local family trust.

Adam Levin

            “The acquisition of Viking Apartments provides the new owner with an outstanding opportunity to reposition the property through both renovation and resetting the existing rents, which are currently significantly below market rate,” says Levin. “Nearby properties that have recently executed similar strategies are now demonstrating significant gains.”

            Built in 1958, the 21,007-rentable-square-foot property is located in an affluent neighborhood two blocks from Burlingame Avenue at 500 El Camino Real in downtown Burlingame, Calif

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

Gina Relva

Public Relations Manager

(925) 953-1716

South Florida Shopping Center Sells for $13.8 Million

Douglas K. Mandel

FORT LAUDERDALE, FL, July 28, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the of sale Plaza Del Mar, a 32,079-square-foot shopping center in Fort Lauderdale, Fla. The $13.8 million sales price equates to $430 per square foot.

            Douglas K. Mandel, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, represented the seller, South Florida Residential LLC. The buyer is a private investor from Brazil.

            “Plaza Del Mar is a top-quality asset in a high-barrier-to-entry market,” says Mandel. “The offering attracted a great deal of attention from the retail property investment community and the transaction closed within a relatively short timeframe.”

            Constructed in 1984 and renovated in 2011, Plaza Del Mar is located at 1451 North Federal Highway in Fort Lauderdale with direct frontage on U.S. Highway 1.  

Plaza del Mar Shopping Center, 1451 North Federal Highway
Fort Lauderdale, FL

At the time of the sale, Plaza Del Mar was 84 percent leased to a variety of local and national retailers and restaurants. 

Tenants include Lime Fresh Mexican Grill, Jimmy John’s, Joe’s Crab Shack, Sally Beauty Supply and MetroPCS.

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

Gina Relva

Public Relations Manager

(925) 953-1716

Marcus & Millichap Sells Suburban Cleveland, OH Grocery-Anchored Shopping Center for $34.3 Million

  

Erin Patton

BEACHWOOD, OH, July 28, 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 Pavilion Shopping Center, a 249,873-square-foot shopping center east of Cleveland in Beachwood, Ohio.

 The $34.3 million sales price equates to $137 per square foot.

            Scott Wiles, vice president investments and Craig Fuller, associate vice president investments, both in Marcus & Millichap’s Cleveland office, along with Erin Patton, vice president investments in the firm’s Columbus office, represented the seller, a Cleveland-based private joint venture.

 Wiles, Fuller, Patton and CJ Jackson, an associate in the Columbus office, represented the buyer, Devonshire REIT of Whitehouse, Ohio.

            “Pavilion Shopping Center is a well-established, stabilized shopping center in one of Ohio’s strongest suburban settings,” says Wiles. “The center is anchored by Giant Eagle, Cleveland’s No. 1 grocery operator.”

The Pavilion Shopping Center, Beachwood, OH

            The property is located near Interstate 271 at 24055 Chagrin Blvd., which features traffic counts that exceed 28,000 vehicles per day. The average annual household income within one mile of the center is $146,700.

The shopping center is surrounded by the Cleveland metropolitan statistical area’s premier office submarket, which features the newly built $117 million world headquarters of the Eaton Corp., a power management company with 2013 sales of $22 billion.

Scott Wiles

            Pavilion Shopping Center is co-anchored by Stein Mart, Marshalls, Big Lots, Petco and Michaels. Two freestanding out-parcel buildings leased to Ruby Tuesdays and Huntington National Bank were included in the sale.

            Home to 5,500 families, more than 3,000 businesses and regional retail centers featuring Saks Fifth Avenue, Nordstrom, Tiff­any’s and Apple, Beachwood, Ohio attracts more than 100,000 people every day for business, healthcare, shopping or entertainment purposes.

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

Gina Relva

Public Relations Manager

(925) 953-1716

HFF secures $25 million financing for 100 Hancock Street in suburban Boston, MA

100 Hancock Street, Quincy, MA

BOSTON, MA – HFF announced it has secured $25 million in first mortgage financing for 100 Hancock Street, a 204,750-square-foot, Class A office building in Quincy, Massachusetts.

                Working on behalf of Synergy Investments, HFF placed the long-term, fixed-rate loan with Peoples United Bank. 

  Loan proceeds are being used to refinance an existing mortgage that HFF placed with Peoples United in 2011.

                100 Hancock Street is located along Route 3A approximately one mile from Interstate 93 and about five miles south of Boston’s Seaport District in Quincy.

Greg Labine

 Extensively renovated in 2008, the 10-story office building is certified LEED Silver and features a full-service cafeteria, fitness center, shared conference facility and three-level, 329-space parking garage. 

Tenants at the 95 percent leased facility include several State of Massachusetts agencies including the Executive Office of Health and Human Services, the Department of Transitional Assistance and the Massachusetts Developmental Disabilities Council.

                The HFF team representing the borrower was led by managing director Greg LaBine and real estate analyst Patrick McAneny.

                “Lenders were attracted to the accessibility of the asset from both public transportation and highways, the quality of the physical asset, the high credit caliber of the tenancy and the strength of the sponsorship,” said LaBine.  “Peoples United provided Synergy with the best combination of long-term interest rate risk mitigation and prepayment flexibility.”

                Synergy Investments is a Boston-based real estate investment and development firm focused on the acquisition, repositioning and operation of commercial office buildings. 

Its current portfolio encompasses approximately 3 million square feet across 30 properties in metropolitan Boston.

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

HFF opens Charlotte, NC office; expands Mid-Atlantic presence

Ryan Clutter

DALLAS, TX – HFF announced it has expanded its presence in the Mid-Atlantic states by opening its 23rd office in the U.S., in Charlotte, North Carolina, with an immediate focus on expanding HFF’s commercial real estate capital markets services throughout the Carolinas.

 Through HFF’s Charlotte office, HFF’s clients will have access to the full breadth of HFF’s capital markets services across all property sectors.

                The Charlotte office will be led by senior managing director Ryan Clutter, a commercial real estate capital markets leader focused on investment sales throughout the past 16 years in the Mid-Atlantic and Southeast regions.

 Clutter, a former executive vice president with CBRE, has been based in Charlotte for his entire career with the exception of the past two years when he was based in Washington D.C., while covering Washington D.C. and the Carolinas. 

He was a market leader for CBRE throughout the Mid-Atlantic states and sold more than $4 billion of office and industrial assets during his career with CBRE. 

Jody Thornton

With CBRE, Clutter was recognized by the CRCBR (Charlotte Region Commercial Board of Realtors) as the #1 overall market producer for seven consecutive years from 2005-2011.  He holds a Bachelor of Science in Business Administration from Indiana University.

                “HFF is continuously looking for strategic opportunities to expand its services through new offices and the addition of exceptional industry leaders,” said Jody Thornton, executive managing director of HFF and president of HFF, Inc.

“The opening of the Charlotte office, with the addition of Ryan Clutter, is an extraordinarily accretive opportunity for HFF to further expand its significant activities throughout the Carolinas.  We are excited with the immediate prospects to grow the Charlotte office under Ryan’s leadership while offering the full gamut of HFF’s services,”. 

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

HFF completes sale of 3-property industrial portfolio in Houston, TX

Rusty Tamlyn

HOUSTON, TX – HFF announced it has completed the sale of a three-property industrial portfolio totaling 219,452 square feet in Houston’s Prologis Park NorthPark (above photos), formerly NorthPark Central Business. 

HFF marketed the portfolio on behalf of the seller, J.A. Billipp Company.  Prologis, Inc. purchased the assets for an undisclosed sum.

                The sale included three dock-high and grade-level industrial buildings comprised of office/warehouse, technology and bulk distribution facilities with 18’ to 24’ clear ceiling heights.

  The properties are located at 433, 533 and 600 NorthPark Central Drive.  They have direct access to Interstate 45 and are within minutes of Beltway 8, Hardy Toll Road and George Bush Airport. 

The portfolio is 100 percent leased to five tenants, including CalAtlantic, LCC, Michigan Institute of Aeronautics, Universal Technical Institute (UTI) and Zoyto, Inc.  An adjacent 2.07-acre tract of land leased to UTI for parking was also part of the purchase.

Wesley Hightower

                The HFF investment sales team was led by senior managing director Rusty Tamlyn and Wesley Hightower working with seller principals Andy Billipp and Mark Witte at J. A. Billipp Company.

“Andy Billipp developed these buildings, which were some of the first developed in NorthPark, a master-planned, deed-restricted business park in North Houston, and several of the tenant companies have been in their respective lease facilities for 15 years,” Tamlyn said.  “As developer and owner of many of the newer buildings surrounding these acquired assets, Prologis was the most logical buyer.”

                J. A. Billipp Company is a Houston-based real estate development and investment company with more than 33 years of proven experience in designing, developing, leasing and managing investment-grade commercial and industrial properties in Houston and Austin. 

Learn more at www.jabillipp.com.

Prologis, Inc., the leading global provider and operator of logistics infrastructure, is the largest industrial REIT in the world and is focused on global and regional markets across the Americas, Europe and Asia.

Andy Billipp

  As of March 31, 2014, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 574 million square feet (53.3 million square meters) in 21 countries.

The company leases modern distribution facilities to more than 4,700 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

 Visit their website at www.prologis.com to learn more.

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

HFF closes sale of and arranges financing for East Texas multi-housing portfolio

Arbors on Chimney Rock Apartments, Tyler, TX (above)
Saddlebrook Apartments, Longview, TX (below)

DALLAS, TX – HFF announced it has closed the sale of and arranged financing for two East Texas multi-housing communities – Arbors on Chimney Rock in Tyler and Saddlebrook Apartments in Longview – totaling 440 units.

                HFF marketed the portfolio on behalf of the seller, Haley Real Estate Group. 

  Coastal Exchange Group purchased the offering for an undisclosed amount. 

  In addition, HFF’s debt placement team secured the $19 million, 10-year fixed-rate acquisition loan on behalf of the buyer through Redwood Trust.

                The Arbors on Chimney Rock is located at 323 Chimney Rock Road just off Broadway Avenue (Highway 69) in Tyler.  Situated on approximately 9.8 acres, the property is 93.18 percent leased and includes 176 one- and two-bedroom units averaging 794 square feet each.  Community amenities include a swimming pool, tennis courts, picnic areas and clubhouse.

Blair Lang

                Saddlebrook Apartments is 91.29 percent leased and includes 264 one-, two- and three-bedroom units averaging 729 square feet each.  Community amenities include a swimming pool, fitness center, sand volleyball court, tennis court, barbecue area and clubhouse. 

Situated on approximately 13.8 acres, the property is located along H.G. Mosley Parkway, directly between U.S. Highway 80 and Loop 281 in Longview.

                The HFF investment sales team representing the seller was led by directors Rob Key and Blair Lang.

HFF’s debt placement team was led by associate director Robert Wooten.

Haley Real Estate Group, based in Omaha, Nebraska, owns and operates more than $560 million of multifamily assets, comprising 10,000+ apartment units across the central United States.

Rob Key

Coastal Exchange Group is a privately-held, family-owned and operated real estate investment firm headquartered in San Diego, California.

 Founded in 1982 by Donald T. Meagher, the firm’s current portfolio includes nearly 5,000 units across the southwestern Unites States with current assets owned and managed located in the markets of San Diego, California; Sacramento, California; Albuquerque, New Mexico; El Paso, Texas; Austin, Texas and East Texas.

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

HFF Philadelphia hires Richard Schontz; expands national self storage group

Richard Schontz

PHILADELPHIA, PA – HFF announced it has expanded its Philadelphia office with the addition of Richard Schontz, who has joined the firm as a managing director. 

  Schontz will focus on self storage investment sales transactions nationwide and will be a member of HFF’s national self storage group.

                Schontz joins HFF from Marcus & Millichap, where he was a senior associate and director within their National Self Storage Group.

 While in this role, he closed more than two million square feet of self storage transactions in nine states, and was ranked in the firm’s top three agents for both the self storage group and the Philadelphia office. 

  Schontz is a member of the Pennsylvania Self Storage Association and the National Self-Storage Association. 

                “HFF is thrilled to have Richard as part of our team.  He has a keen understanding of the national self storage market and brings with him deep relationships with many of the self storage investors and owners in the U.S.,” said Mark Thomson, senior managing director and co-head of HFF Philadelphia.

Mark Thomson

                “Richard will be teaming up with our existing HFF self storage producers to continue to build and expand our presence in the self storage market,” added Zac Pierce, senior managing director and co-head of HFF Philadelphia.

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

HFF closes sale of Peppertree Plaza in Fort Lauderdale, FL market

MIAMI, FL – HFF announced it has closed the sale of Peppertree Plaza, a 264,037-square-foot retail center in the Fort Lauderdale suburb of Margate.

                HFF marketed the property on behalf of the seller, Kimco Realty Corporation.

                Peppertree Plaza is located on 34.07 acres at 5400-5688 W. Sample Road in Margate, Florida, which is 15 miles north of Fort Lauderdale.

This location places the property between two of Central Broward County’s busiest streets, Sample Road and US-441/SR-7.

 Peppertree Plaza is currently 86.7 percent leased to tenants, including Winn-Dixie, Sam Ash Music, Office Depot, Golden Corral and Dollar Tree.

Daniel Finkle

                The HFF team representing the seller was led by senior managing director Daniel Finkle and managing director Luis Castillo.

“Peppertree Plaza’s proven tenancy, in-fill location and strong demographics made this a highly-desirable grocery-anchored retail center,” Finkle said.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers.

 As of March 31, 2014, the company owned interests in 835 shopping centers comprising 122 million square feet of leasable space across 42 states, Puerto Rico, Canada, Mexico and South America.

Luis Castillo

Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisition, development and management for more than 50 years.

 For further information, please visit kimcorealty.com, the company’s blog atblog.kimcorealty.com, or follow Kimco on Twitter at twitter.com/kimcorealty.

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

HFF expands Miami commercial real estate capital markets team

Maurice Habif

MIAMI, FL – HFF announced it has expanded its Miami capital markets team with the promotion of Maurice Habif and Cyrus Vazifdar to associate directors in its investment sales group in addition to the recent hiring of several real estate analysts.

                Maurice Habif will focus on multi-housing capital markets transactions through the southeastern United States.  He joined HFF in 2011 after completing his MBA at The University of Pennsylvania.  While attending graduate school, he interned at Urdang Securities Management and, prior to that, he was an analyst at Oliver Wyman (formerly Mercer Management Consulting).  Habif holds a Bachelor of Arts degree from Princeton University.

                Cyrus Vazifdar will focus on hotel and lodging capital markets transactions primarily in the southeastern United States.  Vazifdar has been with HFF since 2011.  Prior to that, he earned his MBA from George Washington University with concentrations in lodging and finance.  He began his career in commercial real estate at Canyon Equity, focusing on the acquisition and development of ultra-luxury hotel and residential product.  Vazifdar is a LEED, Green Associate and received his bachelor’s degree from Villanova University.

Cyrus Vazifdar

                Other recent additions to the Florida team include real estate analysts Tracey Goo, JoJo Won, Wyatt Krapf, Maxx Carney, Simon Banke and Marc Roth. 

Tracey Goo most recently worked as an investment associate at a New York private equity firm and has an MBA from Yale School of Management and a B.S. from the University of Southern California. 

Won, who joins HFF from Intercontinental Hotels Group (IHG) where he worked as a manager – investment analyst, has a Master of Management in Hospitality from Cornell University and a Bachelor of Science from Georgetown University. 

Krapf is a recent graduate of the University of Miami where he earned his master’s degree in Civil Engineering and his Bachelor of Science in Business Administration. 

Manny de Zarraga

Carney, who is a graduate of the University of Michigan, has more than five years of commercial real estate experience and joins HFF from The Farbman Group, where he was a market leader.  Banke and Roth are both recent graduates of The University of Miami School of Business.

“HFF has significantly grown its Miami office in the last year, increasing employee totals by 20 percent as a result of the continued growth and success of the Miami office’s capital markets business,” said Manny de Zárraga, an executive managing director and co-head of HFF’s Miami office.

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

HFF arranges $12.3 million acquisition financing for 5-property day care portfolio in 4 States

  

Kevin MacKenzie

 IRVINE, CA – HFF announced it has arranged a $12.3 million acquisition financing for a five-property, freestanding  child care portfolio totaling 51,408 square feet with properties in Colorado, Florida, Illinois and Maryland.

Working on behalf of the borrower, IRA Capital LLC, HFF placed the floating-rate loan with a mortgage REIT.

                The assets consisted of five freestanding centers 100 percent leased to KinderCare Learning Center and Knowledge Beginnings.  The centers were completed between 2007 and 2009 with buildings ranging between 9,600 and 11,400 square feet.

The HFF team representing the borrower was led by senior managing director Kevin Mackenzie and director John Chun.

IRA Capital (IRA) is a privately-held real estate investment and management company with a diverse portfolio of commercial property holdings throughout the United States.

John Chun

 IRA acquires core, core-plus and value-add real estate for its own account and on behalf of its co-investment partners, which include high-net-worth individuals, family offices, opportunity funds and institutions.  

  The company seeks to first and foremost preserve investor capital, and to provide attractive risk-adjusted returns over a mid- to long-term hold period. 

Learn more at www.irarealtycapital.com

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