$31 million financing for mixed-use property in suburban Indianapolis arranged by HFF

Rendering of  The Depot at Nickel Plate, 8594 East 116th Street, Fishers, IN

INDIANAPOLIS, IN –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $31 million in financing for The Depot at Nickel Plate, a recently-completed, mixed-use property with 242 luxury residential units and 17,045 square feet of ground floor retail located in Fishers, Indiana.

HFF worked on behalf of the borrower, Flaherty & Collins Properties, to secure the 10-year, fixed-rate loan through a correspondent life insurance company.  Loan proceeds were used to replace the existing construction financing and return capital to the owners.

David B. Keller

Completed in April 2015, The Depot at Nickel Plate is situated on 3.5 acres at 8594 East 116th Street in Fishers, Indiana less than one half of a mile from the Interstate 69 and 116th Street interchange. 

The residential component consists of 50 percent one-, 49 percent two- and one percent three-bedroom units ranging from 703 to 2,297 square feet each.  Units feature nine-foot ceilings, granite countertops, stainless steel appliances,

 USB outlets and full-size washers and dryers with select units offering Nest® thermostats, prewiring for Bluetooth® surround sound and upgraded appliance packages.

 Community amenities include a health club with interactive fitness classes, a yoga/Pilates studio, game room, cyber café, screening lounge and club room. 

Outdoor amenities include two courtyards, resort-style swimming pool, grilling areas, pet wash and bark park, which are all served by an attached 430-space parking garage.

The HFF debt placement team representing the borrower was led by senior managing director David B. Keller.

“This property is an important element to the City of Fisher’s Nickel Plate redevelopment project.  The Depot provides key ‘live-work-play’ amenities to the area’s downtown core,” said Keller.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF secures $41.8 million financing for 351-unit multi-housing community in Aurora, CO

Del Arte Lofts and Flats, 151 South Joliet Circle, Aurora, CO

Josh Simon

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $41.8 million in financing for Del Arte Lofts and Flats, a 351-unit multi-housing community in Aurora, Colorado. 

HFF worked on behalf of the borrower, Advenir, Inc., to place the seven-year, 2.28 percent, adjustable-rate loan with three years interest only with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.  Loan proceeds were used to acquire the asset.

  Advenir will rebrand the property as Advenir at Del Arte and will implement a minor capital improvement program to achieve greater rental premiums.

Del Arte Lofts and Flats is located at 151 South Joliet Circle in Aurora, approximately nine miles southeast of Denver’s central business district.  The 93-percent-leased property is near the Lowry Air Force Base and the 578-acre Fitzsimons/Anschutz Medical Campus. 

The community has one-, two- and three-bedroom units and amenities such as a resort-style swimming pool, hot tub, state-of-the-art fitness center, newly-designed clubhouse with business center and access to nearby jogging trails.

The HFF debt placement team representing the borrower was led by Josh Simon and Eric Tupler.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF secures financing for 608-unit multi-housing community in Dallas, TX area

The Neighborhoods at Cypress Waters Apartments, 3211 Scotch Creek Road, Dallas, TX

Trey Morsbach

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for The Neighborhoods at Cypress Waters, a 608-unit, Class A apartment and townhome community in Dallas, Texas.

HFF worked on behalf of Billingsley Company to secure the 15-year, fixed-rate loan through TIAA-CREF.  Loan proceeds were used to replace an expiring construction loan.

Completed in September 2014, The Neighborhoods at Cypress Waters is situated within the 1,000-acre, waterfront Cypress Waters mixed-use development with office, multi-housing and retail in the central part of the Dallas-Fort Worth Metroplex. 

The property encompasses a mix of flat- and townhome-style units totaling 489,486 rentable square feet with an average unit size of 805 square feet. 

Located at 3211 Scotch Creek Road, the asset is next to a 362-acre lake and has amenities such as two resort-style swimming pools, fitness center, sand volleyball court, hike and bike trails, children’s music park and playground, pet-friendly parks and dog stations.  The property is 95 percent occupied.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.billingsleyco.com.

www.cypresswaters.com.

HFF secures financing commitments for iconic multi-housing development in Dallas, TX

  

DALLAS, TX –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing commitments for The Village Apartments, an iconic multi-housing development in Dallas, Texas totaling approximately 7,000 units. 

The financing included a single-sponsor securitization and a floating-rate credit facility.  

All financing commitments were provided by Freddie Mac, and the loans will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

HFF worked on behalf of a joint venture between Lincoln Property Company, Invesco Real Estate, acting on behalf of an institutional client, and Crow Holdings.  Financing proceeds were used to retire an existing Freddie Mac loan facility and to provide additional capital for future development.

The Village is located at the intersection of Caruth Haven and Greenville Avenue approximately eight miles northeast of downtown Dallas.  Developed as a “city within a city,” the 309-acre property has an abundant amount of open green space, two lakes, a network of streams and water features, and 2.5 miles of jogging/biking trails. 

Originally developed in the late 1960s, ownership has continued to strategically add new multi-housing communities and common area amenities with a long-term vision in mind.

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

Olivia Hennessey

Public Relations Coordinator

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

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.invescorealestate.com.

Cohen Commercial Realty Brokers New Leases in Margate, FL and Boca Raton, FL

Travis Langhorst

MARGATE, FL  — Travis Langhorst and Bryan Cohen of Cohen Commercial Realty, Inc., announced the signing of Dent Wizard International to lease a 5,276-square-foot space at Copans Commerce Park located at 2056 NW 55th Avenue in Margate, Florida. Cohen Commercial represents the Tenant in this transaction.

MARGATE, FL  — Travis Langhorst and Bryan Cohen of Cohen Commercial Realty, Inc., announced the signing of Dent Wizard International to lease a 5,276-square-foot space at Copans Commerce Park located at 2056 NW 55th Avenue in Margate, Florida. Cohen Commercial represents the Tenant in this transaction.

BOCA RATON, FL  —Christopher Haass and Bryan Cohen of Cohen Commercial Realty, Inc., represented Fit Body Bistro of Jupiter, Florida, in successfully procuring a new lease term with options for the 2,203-square-foot space located at 10 Palmetto Park Plaza in Boca Raton, Florida.

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

Kacy Martin

Cohen Commercial Realty, Inc.

561.471.0212 Office

561.471.5905 Fax

kacymartin@cohencommercial.com

Nominations Now Open for 5th Annual Orange County, CA Commercial Real Estate Spire Awards

Catherine Falco

ORANGE COUNTY,  CA -- Orange County, CA - Nominations are now open for the fifth annual commercial real estate SPIRE awards, aimed at recognizing Orange County's best and brightest in commercial real estate.

            Presented by the Orange County chapter of Commercial Real Estate Women (CREW-OC), the SPIRE awards will recognize developers, general

contractors, engineers, brokers, lenders, architects, attorneys, property managers, interior designers, and mortgage bankers that have demonstrated superior performance in 2015.

            "Orange County is a hub of activity for the commercial real estate industry, and there is no better way to recognize the individuals and

teams who continue to shape the local business landscape," says Karen Eddy of Western Digital, who is Co-Chair of the SPIRE award committee for CREW-OC along with Catherine Falco of Marquis Construction. 

Karen Eddy

           "Last year's SPIRE awards garnered 152 entrants and nearly 250 attendees, and we anticipate that we will increasethose numbers

substantially this year," Eddy explains.

            The SPIRE awards event will be held on March 10, 2016 at the Center Club in Costa Mesa, California. All nominees will be published in the

Orange County Business Journal the week before the event.

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

Jenn Quader

Brower, Miller & Cole

(949) 955-7940

JQuader@browermillercole.com

Hold-Thyssen Negotiates Two New leases totaling 3,600 square feet at Edgewater Commerce Center in Orlando, FL

Edgewater Commerce Center, 6270 Edgewater Drive,
Orlando, FL

 WINTER PARK, FL --- The leasing team at Hold-Thyssen, Inc. recently negotiated two new lease agreements totaling 3,600 rentable square feet of flex space at Orlando’s Edgewater Commerce Center at 6270 Edgewater Drive.

Advantage Funding Commercial Capital Corp., which extends short term credit to businesses, leased 1,600 square feet and Orlando-based courier Eagle Express which offers immediate pick-up and delivery, leased 2,000 square feet at the center.     

These two new leases were the seventh and eighth deals this year that the Hold-Thyssen Leasing Team completed on behalf of Miami-based Landlord LNR Partners, LLC at the 64,350 square foot  Edgewater Commerce Center.

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

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

NAI Realvest Negotiates New Lease with Media Group for relocation to Primera Court II in Lake Mary, FL

 

Nancy Grooms

 Lake Mary, FL – NAI Realvest recently completed a new lease agreement for 2,670 rentable square feet at Primera Court II located at 735 Primera Blvd. in Lake Mary. 

Senior Broker Associate Mary Frances West, CCIM negotiated the transaction representing the class A office building Landlord, RREF Interchange–FL, Primera II, LLC based on Daytona Beach. 

Halldale Media, Inc., a local media company focused on simulation and training publishing, is the new tenant.   Nancy Grooms of Sperry Van Ness represented Halldale.  

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

Beth Payan or Larry Vershel, Larry Vershel Communications,

 407-644-4142 

Lvershelco@aol.com

NAI Realvest Negotiates Purchase of Office Building in Winter Park, FL

Christie Alexander

ORLANDO, FL --- NAI Realvest recently negotiated the purchase of an office building with 2,376  square feet at 2160 N. Park Ave. in Winter Park.

NAI Realvest broker associate Drew Saphos, CCIM, principal Christie Alexander, and chairman George Livingston negotiated the transaction representing Barr Real Estate, LLC who paid $488,000 for the property.  

The local seller, Robert K. McMahan, was represented by Lief Erickson of Winter Park Land Commercial. 

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

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

  

NAI Realvest Negotiates Lease in Winter Park, FL for 5,490 square feet to house Massey Communications Office

  

Mary Frances West

WINTER PARK, FL – NAI Realvest recently negotiated a long term lease agreement for 5,490 rentable square feet at 1201 S. Orlando Ave., in Winter Park.

Senior Broker Associate Mary Frances West, CCIM and Tom R. Kelley II, CCIM, a principal at NAI Realvest, negotiated the lease representing the landlord Gateway Plaza Ltd.

Massey Communications, Inc. is the new tenant relocating from Orlando.   Jeff Sweeney and Austin Johnson of Cushman & Wakefield represented Massey.

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

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

Pleasant Hill Square in Duluth, GA Listed on Auction.com for $4 Million

  

Chip Sipple

 ATLANTA, GA (Sept. 28, 2015) – Pleasant Hill Square, a 282,137-square-foot power center located in Duluth, Georgia, has been listed on Auction.com and the auction is set to begin on Tuesday, Sept. 29, and end on Wednesday, Sept. 30.

Tony Bartlett and Chip Sipple of Lincoln Property Company Southeast (Lincoln) and Kyle Stonis and Pierce Mayson of SRS are representing the seller.

“The broader Atlanta retail market has been enjoying steady improvement over the past year,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office.

 “Overall retail vacancy declined to the current rate of 7.7 percent, down from 8.2 percent in the first quarter of this year from previous quarters. The Gwinnett County submarket generally mirrors the broader market improvements with vacancy only slightly behind the overall rate of 8.3 percent, down from 8.8 percent in the first quarter.”

Tony Bartlett

Located at 2205 Pleasant Hill Road, the property is strategically positioned within a significant retail corridor, located just northwest of I-85. Toys ‘R’ Us, Staples and Jo-Ann Fabric & Craft Stores anchor the center, which is 49 percent occupied. 

The center features good visibility with multiple access points from Pleasant Hill Road and provides a strong value-add opportunity.

The property sits within the Gwinnett Community Improvement District (CID), which has been actively engaged in improving the community as of recent. 

In early September, the CID recently released its ACTivate Gwinnett Place master plan, which calls for the redevelopment of Gwinnett Place Mall, with the addition of more green space, and connectivity and transportation improvements.

 The CID is also testing recycled pathways throughout the city, and in August hosted The Gr8 Exchange, fostering conversations among residents about transportation.

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

 Savannah Duncan

The Wilbert Group

404-343-0870

sduncan@thewilbertgroup.com

Hospitality Asset Managers Association (HAMA) Members Remain Overwhelmingly Upbeat

  

David Hogin

CHICAGO, IL, Sept. 28, 2015— Officials of the Hospitality Asset Managers Association (“HAMA”) today announced that their membership remained overwhelmingly upbeat in an informal survey taken at their recent semi-annual Members Meeting.

  More than 130 attendees from six countries met to review best practices and discuss the future of the discipline at the Fairmont Chicago Millennium Park hotel.

“The hotel industry is in the midst of arguably its greatest growth period since STR, Inc. began recording data in the 1980s,” said Dave Hogan, president of HAMA. 

“As an industry, hotels have reached their highest recorded occupancy and rates are approaching historic highs.  Some experts have noted, however, that sales prices are beginning to peak. 

 This phase of the cycle calls for asset managers to continue focusing on optimizing returns.  These regular HAMA meetings provide members with cutting edge research and the opportunity to informally exchange ideas about trends, new techniques and technology.”

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

  Chris Daly, media

  (703) 435-6293

  chris@dalygray.com

MCA Realty Increases its Investment in Las Vegas; Acquires Four Value-Add Industrial Assets

Tyler Mattox

LAS VEGAS, NV (Sept. 28, 2015) – MCA Realty, a full service real estate investment and management company, has increased its investment in Las Vegas with the acquisition of four industrial properties, according to Tyler Mattox, a Principal at MCA Realty.

“The Las Vegas market has demonstrated significant growth over the past 24 months,” says Mattox. 

 “Our firm began acquiring industrial assets in this market in 2011.  At that time, value-add industrial product was plentiful, whereas today, an influx of capital has caused prices to increase and made opportunities more difficult to uncover.”

Mattox explains that investor demand has grown, and that tenant demand has strengthened meaningfully, particularly in smaller spaces under 30,000 square feet. 

“The recovery in Las Vegas, like in much of the nation, was top down, with larger corporations emerging from the recession first.  Smaller companies have just recently joined in the recovery and this is manifest in a reduction in vacancy and an increase in rents across the incubator and mid-bay industrial sector,” he says.

“Our focus continues to be on acquiring industrial assets with long-term value-add potential,” Mattox continues.

With these four recent acquisitions, MCA Realty’s portfolio now encompasses a total of 14 properties and well over 600,000 square feet in Las Vegas.

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

Lexi Astfalk / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

LAstfalk@browermillercole.com

www.mca-realty.com.

Faris Lee Investments Completes the Sale of a Jack in the Box Property in Bakersfield, CA at a 3.99% Cap

John Redfield

IRVINE, CA – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $1.85 million sale of a 3,734-square-foot single-tenant property that is absolute NNN-leased to a corporate Jack in the Box in Bakersfield, Calif.

John Redfield, Thomas Chichester, and Joseph Chichester of Faris Lee Investments represented the seller, a private investor from Newport Beach, Calif. The buyer was a private investor from Cypress, Calif.  that was seeking a passive property offering investment security.

The sale closed at a cap rate of 3.99 percent, one of the lowest ever recorded for a Jack in the Box-occupied property nationwide.

Located at 3002 Ming Ave., Jack in the Box has been the original tenant since the property was developed nearly 50 years ago. The asset features a large monument sign that is visible to more than 41,000 vehicles on a daily basis.

“The single tenant net leased market is still seeing cap rate compression, especially for well-located, quick serve restaurants featuring corporate name brand tenants like this asset offers. They represent a stable and passive investment for private buyers and family offices that are seeking long-term returns and no landlord responsibilities,” said Tom Chichester.

Chichester added that the property is ideally situated across the street from the successful Valley Plaza Mall, a 1.1 million-square-foot retail center which is the largest and most dominant mall in Central California’s San Joaquin Valley.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Charles Dunn Co. Completes $2.55 Million Sale of Three-Building Office Property in Studio City, CA

Stacy Vierheilig-Fraser

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $2.55 million sale of three office buildings totaling 7,210 square feet located at 3751-3757 and 3759 Cahuenga Blvd. West in Studio City, Calif.

Stacy Vierheilig-Fraser, senior managing director with Charles Dunn Company, represented the seller, a private investor from Los Angeles, as well as the buyer, Los Angeles-based Koloe, LLC.

“The property was 50 percent occupied by a television production company at the close of escrow,” said Vierheilig-Fraser. “The buyer plans to occupy the remaining space as an owner/user for his mortgage company, Standard Home Lending.”

Standard Home Lending, a mortgage firm focused on providing affordable mortgages to local home buyers, will be relocating and expanding from its current Studio City location at 13223 Ventura Blvd. after a complete renovation and build-out of the property.

The property includes one, two-story creative office building and two, single-story buildings and features outdoor courtyards and 24 parking spaces.

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

Darcie Giacchetto

949.278.6224

www.charlesdunn.com