Melrose Lifestyle Services launches offering lifestyle programs to home developers, HOAs and CDDs throughout Florida

  

Jack Hanson

 ORLANDO, FL -- Jack Hanson, President of Melrose Management Partnership announces the launch of Melrose Lifestyle Services.

 Mr. Hanson has been involved in the Florida housing market for 20+ years, and saw the demand for a lifestyle management company to work with new home community developers, HOA boards, and CDD boards to offer professional services at a competitive price.

Melrose Lifestyle Services’ goal is to create a sense of community in housing developments through events, festivals, resident clubs, and other programs; while also being a marketing tool to developers looking to bring in new home buying prospects to their community. 

Bill Fife, director of Melrose Lifestyle Services, will lead the launch of this new venture. He brings over 10 years of experiences creating small, private events to large scale festivals for communities in Florida.

 “I’m happy to be part of the Melrose team and be able to come in and guide the launch of Melrose Lifestyle Services,” said Fife. “There is great potential in the Florida for Lifestyle Services.”

 Melrose Lifestyle Services, is a sister company of Melrose Management Partnership, a property management firm that ranks the highest over the past 18 years managing over 1200 associations statewide, from small to large high-rise buildings, master associations, condominiums, and multi-family and active adult communities.

 Visit http://www.melroselifestyle.com or call 407-581-3333 for more information.

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

Bill Fife

Director – Melrose Lifestyle Services

407-581-3333

407-902-3681 (cell)

bfife@melroselifestyle.com

Griffin-American Healthcare REIT III Enters Agreement to Acquire Lee’s Summit Medical Office Building Near Kansas City, MO

Dan Prosky

Kansas City, MO – American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, Inc., announced the REIT has entered into an agreement to acquire Lee’s Summit Medical Office Building, an approximately 39,000-square-foot, multi-tenant medical office building in the affluent Kansas City suburb of Lee’s Summit, Missouri. 

The acquisition is subject to customary closing conditions and the satisfaction of other requirements as detailed in the agreement. 

 Located at 301 Northeast Mulberry, Lee’s Summit Medical Office Building is 89 percent leased to multiple tenants, including Diagnostic Imaging Centers, Saint Luke’s East Hospital and Ostetrix Medical Group. Built in 2007, the Class A building is less than half-a-mile away from the 141-bed Saint Luke’s East Hospital and within 10 miles of three other area hospitals. 

 “Lee’s Summit Medical Office Building is a modern facility with desirable tenancy and a premier location in a growing and affluent metro region,” said Dan Prosky, a principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III.

 “With the local hospital as a significant tenant, this building will be an excellent addition to the quickly growing portfolio of Griffin-American Healthcare REIT III.”  

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

Damon Elder                                                                                              

 (949) 270-9207

delder@ahinvestors.com

HFF closes sale of Southwest Corporate Center in Houston, TX

Rhonda Toming

HOUSTON, TX – HFF announced it has closed the sale of Southwest Corporate Center (SWCC), a 525,580-square-foot office complex in Houston’s southwest/Beltway 8 submarket.

               HFF marketed the property on behalf of seller, TX 9700 Bissonnet LLC.  Omninet Capital purchased the property for an undisclosed amount on an all cash basis and closed in less than twenty days.

Southwest Corporate Center was transformed from the former Westwood Mall and renovated in 2000. The property is 61.9 percent leased to tenants including Stewart Lending Services, Texas Children’s Health Plan and Corinthian College. 

Rusty Tamlyn

The two-story property is situated on more than 40 acres at 9700 Bissonnet Street close to the U.S. Highway 59 and Beltway 8 interchange, and the Memorial Herman medical complex in southwest Houston. 

               The HFF investment sales team representing seller was led by senior managing director Rusty Tamlyn and Wesley Hightower along with Rhonda Toming, formerly with HFF and now at Fischer Companies.

“OmniNet focused on this asset due to its size and scale and the substantial value creation through lease up of the primarily secondary generation vacancy. 

“They moved at a very fast pace through their due diligence and closing, and intend to keep CBRE on the asset for leasing and management in the interim,” according to Tamlyn.

“Due to the current opportunities in the Texas markets, Omninet has decided to allocate an additional $250,000,000 in Texas in the next 12 months,” said Michael Daniel, a partner with Omninet.

               Omninet Capital is a private real estate investment firm based in Los Angeles, with commercial properties located in Austin, Dallas and San Antonio with SWCC being their first acquisition in Houston.

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of Kissimmee, FL power center

The Loop shopping center, Kissimmee, FL

MIAMI, FL – HFF announced it has closed the sale of The LOOP, a 434,909-square-foot power center in Kissimmee, Florida.

               HFF marketed the property on behalf of AEW Capital Management, L.P. (AEW).  AEW managed the asset on behalf of one of its institutional clients.  Metropolitan Life Insurance Company purchased the asset.

               The LOOP is located on approximately 57 acres at the northwest corner of the intersection of Osceola Parkway and John Young Parkway.  Built in 2005, the 99-percent leased retail center has 43 tenants, including Regal Cinema, Kohl’s, Sports Authority, Michael’s, Petco and CVS. 

Daniel Finkle

               The HFF investment sales team representing the sellers was led by senior managing directors Danny Finkle and Brad Peterson, managing director Luis Castillo and director analyst Kim Flores.

“The LOOP is one of Florida’s most successful retail destinations,” Finkle said.  “The combination of location, design and tenant performance made The LOOP one of the highest quality retail investment opportunities in the Southeast.” 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

metlife.com/realestate.

aew.com

Bristol, CT Apartment Portfolio Sells for $3.75 Million

Bradley Balletto

BRIDGEPORT, CT, Aug. 13, 2014 –- Investment sales broker Northeast Private Client Group has announced the sale of 45 Hawthorne Street and 288 Pine Street, a 56-unit multifamily portfolio in Bristol, CT. 

Bradley Balletto, the firm’s regional manager for Connecticut, represented the seller and the buyer in the $3,750,000 transaction, which closed on August 7. 

“The success of this transaction is the direct result of our relationship approach to investment sales,” said Balletto.  “With our extensive experience in the Connecticut market, we were able to match two of our long-term clients in a deal that accomplished important objectives for both of them.”

The Hawthorne Street property comprises 32 apartment units in a quiet residential location, while the Pine Street property comprises 24 apartment units in a similar area.  Both properties are elevator buildings with ample off-street parking and tenant-paid utilities.

Edward Jordan

The seller, Pine Bristol LLC & Hawthorne Bristol LLC of Lenox, MA, was a long-time owner capitalizing on the current strength of the multifamily investment sales market. 

  The buyer, MPT Partners LLC of Torrington, CT, purchased the two-building portfolio as an IRS 1031-exchange strategy for a price that equates to nearly $67,000 per unit, which represents a capitalization rate of 7.4% on the current net operating income. 

“Once again, successful transactions start with relationships,” said Edward Jordan, JD, CCIM, Northeast Private Client Group's managing director.  “With our regional brokerage platform, we successfully connected this Massachusetts seller with the right Connecticut buyer to get the deal done.”

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

Randy Savicky

Founder/CEO

Strategy+Communications

Connecting the New PR & Marketing to Business Goals

21 Brierbrook Lane, Weston CT 06883

T: 203-226-6156

M: 203-571-8151

E: randy@strategypluscommunications.com

L: www.linkedin.com/in/randysavicky

F: www.facebook.com/randy.savicky

T: @randysavicky

W: www.strategypluscommunications.com

Check out our blog at http://www.strategypluscommunications.com/blog-0/

Foxford Communities Opens Wimbledon Estates in Lake Bluff, IL

Wimbledon Estates home, Lake Bluff, IL

CHICAGO, IL – Hinsdale,Ill.-based Foxford Communities has announced the grand opening of Wimbledon Estates, an exclusive community of seven custom-built homes on one-acre lots in Lake Bluff.

Construction has already begun on a 5,000-square-foot French Provincial-style home set for completion by November of this year.

 Located off of Green Bay Road, just over a mile from downtown Lake Bluff, Wimbledon Estates is nestled in a quaint cul-de-sac surrounded by mature trees.

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

Kelly Shumaker kshumaker@taylorjohnson.com, 312-267-4519

Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522

Jersey City, NJ Mayor and Concord Hospitality Commence Construction on Hyatt House Hotel

City and Concorn Hospitality officials sign a beam
for planned construction of Hyatt House Hotel, Jersey City, NJ

Jersey City, NJ  Mayor Steven M. Fulop

JERSEY CITY, NJ— Concord Hospitality Enterprises and Jersey City Mayor Steven Fulop began construction on a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, part of a public/private revitalization effort that will bring 350 construction jobs, and 80 permanent and 60 part time hotel jobs to New York's Hudson River neighbor. 

“That Jersey City continues to attract the interest of prominent international brands, such as Hyatt, and well respected developers like Concord Hospitality who are willing to make substantial investments in our community is a testament to our location as a destination, the quality of our workforce, and our City’s commitment to grow our tax base by attracting new business,” said Mayor Fulop.

 “Concord Hospitality is taking great care to transform the state’s oldest bank building into a new hotel, which speaks to their thoughtful and respectful approach to the projects they undertake.  Today, with the signing of a support beam, Concord and Hyatt become part of the very foundation of Jersey City’s thriving economic redevelopment.”

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

Lauralee Dobbins                                                     

Sr. Vice President                                          

Daly Gray, Inc.                                                           

703-435-6293                                                             

Lauralee@dalygray.com

Crown Group Awarded Industry’s Top Design Award for Green Square Project in Sydney, Australia

SYDNEY, AUSTRALIA  - A Sydney-based property developer has won a prestigious industry design award for its innovative mixed-use development at Sydney’s new Green Square precinct in Zetland.

Crown Group was awarded Best Concept Design for its 301-303 Botany Road Zetland development at the 20th Annual Urban Development Institute of Australia (UDIA) NSW hosted Austral Bricks Awards for Excellence, held at Star Casino in Sydney on Friday night.

 Crown Group CEO Iwan Sunito said the prestigious UDIA NSW Concept design award recognised the company’s dedication and hard work to create an innovative design concept for the important site.

 Designed by Koichi Takada Architects, the building’s curved form provides a smooth transition to the plaza and public domain spaces. 

"Our Green Square site is a unique opportunity for Crown Group to create a world-class development with architectural significance,” Mr Sunito said.

 “The project draws on Crown Group's 18 years' experience developing residential property in Sydney and will showcase the world's best in innovative residential design.

“It will be a landmark building within the new Green Square Town Centre.”

 Located at 301-303 Botany Road, a short distance from Green Square train station, Crown Group’s project is located within the new Green Square town centre, a major new residential, retail and cultural hub – which sits at the heart of a broader $8 billion redevelopment of Green Square.

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

Lifescapes International Completes One-Acre Rooftop Deck with Las Vegas Flair at Lyon Communities’ New Apartment Community ‘The Marke’

Julie Brinkerhoff-Jacobs

Orange County, CA– Suburban apartment communities have never had the feel of a Las Vegas pool party setting – until now. 

Lifescapes International, landscape architectural firm and the creative force behind popular destinations such as the Wynn Resort’s Encore Beach Club, Tao Beach at the Venetian and Station Casino’s Red Rock Resort in Las Vegas, has completed a one-acre rooftop design that creates a Las Vegas level of excitement at The Marke, a new apartment community in Orange County developed by Lyon Communities.

The recently completed rooftop at The Marke incorporates a variety of Las Vegas style amenities, including fire pits, a resort-style saltwater pool and spa, a bar, an outdoor theater, and private cabanas, as well as two clubhouses, one of which includes a two-lane bowling alley, a full bar/restaurant area, and gaming. 

  The second clubhouse is dedicated to an elite training facility that features Ryan Capretta of Proactive Sports Performance.

Frank Suryan Jr.

According to Julie Brinkerhoff-Jacobs, president of Lifescapes International, her firm was selected as the landscape architect for The Marke, in part, based on its tremendous depth of experience in Las Vegas, which includes 12 of the most notable destination resorts on the Strip and many others throughout the city.

“In one of our first meetings, Lyon Communities’ Chairman and Chief Executive Officer Frank Suryan, Jr. said to me, ‘Some things that happen in Las Vegas shouldn’t stay in Las Vegas.’  

"So we set out to design and deliver an environment that is as fun and as entertaining as the successful young professionals who are moving into The Marke,” Brinkerhoff-Jacobs explains.

The Marke Apartments, Santa Ana, CA

            “We recognize that beautiful and creative outdoor spaces aren’t just about having a great look, but are also about generating a vibrant energy.  At The Marke, we’ve delivered a true nightlife and entertainment vibe,” she adds. 

            The Marke apartment community is itself a cutting-edge, five-story, 300-unit luxury apartment community designed to transcend the area’s more typical offerings by bringing an entirely new level of millennial and empty-nester luxury to its residents. 

 Additional information is available at www.lifescapesintl.com.

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

 Lexi Astfalk

Jr. Account Executive

Brower, Miller & Cole

895 Dove Street, Third Floor

Newport Beach, CA 92660

p: (949) 955-7940

lastfalk@browermillercole.com

Davidson Hotels & Resorts to Manage Franklin Marriott Cool Springs in Tennessee

Franklin Marriott Cool Springs Hotel, Franklin, TX

FRANKLIN, TN, Aug. 12, 2014—Davidson Hotels & Resorts, one of the nation’s largest, independent hotel management companies, today announced that it has taken over management of the 300-room Franklin Marriott Cool Springs in Franklin, Tenn. 

  Additionally, the company will operate the adjoining Cool Springs Conference Center.  

The hotel marks the eleventh hotel Davidson will operate on behalf of private real estate funds advised by Crow Holdings Capital - Real Estate (CHC-RE) and affiliates. 

The adjoining Cool Springs Conference Center, owned in partnership by Williamson County and the city of Franklin, is the fifth convention or conference center Davidson  operates on behalf of a municipality.  

The conference center contains more than 29,000 square feet of flexible event space, including the wedding-friendly Champion Ballroom, and offers the largest ballroom in the area, capable of accommodating up to 1,900 guests.

John Belden

“Not only have we been operating hotels in the Nashville area for two decades, but we’ve operated seven hotels statewide, showing just how deep our Tennessee roots run,” said John Belden, Davidson’s president and CEO.  

“Franklin is a thriving community with numerous business and leisure demand generators, making it an ideal addition to our growing portfolio of upper-upscale to near-luxury, full service hotels and high-density, select-service properties.  

"The Franklin Marriott Cool Springs has a strong reputation  within the community, and we look forward to continuing its history of active civic engagement. 

"We are particularly excited to be welcoming so many hard working and dedicated associates to the Davidson family.”

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

Cyndi Norwood                                                          Chris Daly (media)

Davidson Hotels & Resorts                                        Daly Gray Public Relations

(678) 349-0909                                                          (703) 435-6293

cnorwood@davidsonhotels.com                                chris@dalygray.com

www.crowholdingscapital.com/real-estate/about-us/.

Phillips Point Occupancy in West Palm Beach, FL Tops 96% With New to Market Tenants and Significant Renewals & Expansions

Phillips Points, West Palm Beach, FL

West Palm Beach, FL Aug. 12, 2014 -   Phillips Point, West Palm Beach’s most high profile office complex, continues to enjoy a historically high occupancy rate with $46.5 million in recent leasing transactions.

 Taylor & Mathis Principal, Brian Gale has secured four leases totaling 65,600 square feet, with additional deals in the works. In a new to market deal, Connecticut based Wexford Capital signed a 7,400 lease. 

The $4.5 million deal was co-brokered by Neil Merin and Shelbi Quinn of NAI/Merin Hunter Codman.

The towers have received strong interest from Northeast based hedge fund and wealth management firms like Wexford.

“These types of firms are choosing South Florida because of lower taxes and beautiful weather,” said Taylor & Mathis Principal Brian Gale.

ESPN radio West Palm office of Good Karma Brands will be relocating to Phillips Point Tower, having signed a one million dollar lease for 4,635 square feet. “Phillips Point continues to attract the highest quality tenants in the market, with its unparalleled views and quality of ownership,” said Gale.

Brian Gale

The key testament to Phillips Point’s iconic stature in the market is the tenants choosing to stay at the property. In the last couple of years, Taylor & Mathis has reported nearly 150,000 square feet in renewals and expansions, with heavy weight tenants, such as Gunster and Morgan Stanley. 

 This year has seen two notable renewals.  International law firm, Greenberg Traurig, LLP signed an early renewal for an additional 13 years at the property, signing a 30,254 square foot lease for their West Palm Beach office.  Co-broker Jon Bourbeau of Newmark Grubb Frank represented the law firm in the deal valued at $23 million. 

AMG Properties has more than doubled the size of their offices signing a 12,805 square foot expansion along with a 10,518 square foot renewal.  

Co-broker Darren Goldstein of Virtual Global Realty represented the real estate management firm in the 23,323 square foot, $18 million deal. “We anticipate seeing additional growth from them yet this year,” stated Gale. 

Neil Merrin

“These tenants conducted extensive due diligence during their search for office space before signing leases at Phillips Point,” stated Taylor & Mathis’ Principal, Brian Gale. 

“Phillips Point, with its timeless finishes and unmatched views,  was able to renew all the existing tenants with expiring leases, even with the shiny new office building being proposed – Related’s Gateway Tower.” 

The location provides seamless access to Palm Beach Island, directly across from the entrance to the Royal Palm Bridge, with Ocean and Intracoastal Waterway views from all sides.

 The building is home to internationally recognized tenants including, Gunster, Squire Sanders, Goldman Sachs and Akerman.  

Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, café and sundry shop, 24-hour manned security and on-site dining.

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

Brian Gale bgale@taylormathis.com  (305)476-8880 

Woodstock Square Shopping Center in Woodstock, GA Gains Momentum with Stars and Strikes’ 50,000 SF Lease

Aerial view, Woodstock Square Shopping Center, Woodstock, GA

ATLANTA, GA – Georgia-based Stars and Strikes has signed a new 50,000-square-foot, 15-year lease at Ackerman’s Woodstock Square Shopping Center in Woodstock, Ga. 

Jeff Rosenthal

Stars and Strikes, a family entertainment center, will use their new space to house state-of-the-art bowling lanes, a two-story laser tag arena, a laser maze, bumper cars, multiple private event spaces, and more. 

The new center marks their sixth location in Metro Atlanta and will bring nearly 100 locally filled jobs to Woodstock.

 “Stars and Strikes has seen and heard demand from the residents of Cherokee County and the surrounding area for a while now,” said Jack Canouse, managing partner and co-founder of Stars and Strikes. 

Woodstock Square Shopping Center allows the company to bring a family-focused entertainment center to the Woodstock-Marietta-Canton-Kennesaw area that guests of any age can enjoy.

 “We are excited to have Stars and Strikes as the new anchor tenant of Woodstock Square,” said Jeff Rosenthal, the property’s asset manager. “It is wonderful to partner with a local company to bring jobs and family entertainment to the community. 

Jack Canouse

"We are equally pleased to have been able to meet their business goals which included a highly visible location with easy access, excellent egress and ingress, a signalized intersection and abundant free parking in Woodstock,” he added.

 Ackerman Leasing Agent Angela Chapman represented the landlord in this transaction. 

 Woodstock Square Shopping Center, located on Highway 92 and less than a mile off Interstate 575, is a 79,969-square-foot neighborhood shopping center featuring two buildings and two outparcels. Long-term tenants include Subway, Goodyear, Edward Jones and Stevie B’s Pizza.

 Ackerman purchased the property in the late 90’s and has since sold one of the three original outparcels to Taco Bell. Following the opening of Stars and Strikes in the spring of 2015, Ackerman plans to freshen up the look of the shopping center to further enhance consumer shopping and dining experience.

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

Fara Wilson

Vice President, Marketing

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

www.ackermanco.com

Ackerman & Co. Sells 200-Unit Apartment Building in St. Marys, GA for $10 Million

Chitra Subbarayan

 Atlanta, GA – Ackerman & Co. has brokered the sale of a 13.8-acre, 200-unit apartment building complex, in St. Marys, Ga. for $10,000,000. 

The Property, built in 1991, comprises 29 buildings, and is located near Georgia Highway 40, less than 3 miles from the naval submarine base. 

 “The buyer was seeking stabilized assets to add to their existing portfolio. 

"At 94% occupancy and located in close proximity to employment, retail and business centers, Harbor Pines Apartments was a compelling buy,” said Chitra Subbarayan, vice president of brokerage at Ackerman.

 Chitra, along with Andy Sutton represented the seller, Harbor Pines Partnership, Inc., in the transaction. The property was purchased by a private investment group based in New York.   

Andy Sutton

 Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

To date, Ackerman & Co.  has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.

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

Fara Wilson

Vice President, Marketing

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

www.ackermanco.com

HFF arranges $111.5 million refinancing for seven-property portfolio

Trey Morsbach

DALLAS, TX – HFF announced it has arranged a $111.5 million refinancing for a seven-property portfolio totaling approximately 1.4 million square feet across five states.

HFF worked exclusively on behalf of the borrower, Madison Core Property Fund, a real estate fund managed by New York Life Real Estate Investors, to secure the fixed-rate loan that an HFF correspondent life company split into a five- and seven-year tranche.  HFF is also servicing the loan.

The portfolio is 96 percent leased. Individual property details are below:

Property Name & Location            Property Type/Year Built Size                      

Centerstone Plaza – Irvine, CA      Office/Retail/1988   156,880 SF

Bolingbrook – Bolingbrook, IL        Industrial/2001           283,630 SF          

Auburn Park – Auburn, WA            Industrial/2008            141,970 SF          

Sumner North – Sumner, WA         Industrial/2007             132,935 SF

Wellington Place – Medford, MA     Multi-housing/2005       137 Units

Pointe at Warner Center – Woodland Hills, CA    Multi-housing/2004        136 Units

Reserve at Sugarloaf – Duluth, GA   Multi-housing/2001      333 Units            

De'On Collins

The HFF team representing the borrower was led by senior managing director Trey Morsbach and associate director De’On Collins.

New York Life Real Estate Investors is a division of New York Life Investments* and NYL Investors, LLC, wholly-owned subsidiaries of New York Life Insurance Company.  New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. 

The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. 

With over $37 billion in assets under management as of June 30, 2014, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S. 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF closes $8.55 million sale of 811 SW Naito Parkway in Portland, OR

Michael Leggett

PORTLAND, OR – HFF announced it has closed the sale of 811 SW Naito Parkway, a 49,946-square-foot, office property with an underground parking garage and adjacent parking lot in Portland, Oregon.

               HFF marketed the property on behalf of the seller, ATC Partners, LLC, a full-service real estate firm based in San Francisco.  The assets were purchased by Swift Real Estate Partners for $8.55 million.

811 SW Naito Parkway sits on the waterfront of the Portland central business district.  The property is one block west of the MAX light rail line and has easy access to Interstates 5 and 84.  811 SW Naito Parkway has unobstructed views of Mount Hood, Willamette River and Tom McCall Waterfront Park.

Originally constructed in 1982, this property was renovated in 2013.  The six-story, mid-rise building has an underground parking garage with 28 stalls.  An additional surface lot with 17 stalls was purchased from ATC Partners with the building and garage.

The HFF investment sales team representing the seller was led by director Nicholas Kucha and senior managing director Michael Leggett.

811 SW Naito Parkway, Portland, OR

ATC Partners, LLC, a value-add real estate company founded by Michael Halper in 1992, added the 811 building to its portfolio in 2007.  

The firm has completed more than $75 million in transactions during the last 18 months and is currently seeking opportunities to buy commercial assets in the Bay Area and California. 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

 www.swiftrp.com.

atcpartners.com.