HFF represents Nightingale Properties, LLC in the leasehold capitalization of 645 Madison in Manhattan’s Plaza District

Richard Reid

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has represented Nightingale Properties, LLC (Nightingale) in the capitalization of a leasehold position of 645 Madison, a 22-story, 157,027-square-foot, Class A trophy office and retail tower in Manhattan’s Plaza District.

HFF arranged the capitalization on behalf of Nightingale and Friedland Properties.

645 Madison is located just one block from Central Park on the southeast corner of East 60th and Madison Avenue in the heart of Manhattan’s Plaza District.  Originally constructed in 1971, the property was fully renovated in 2007 and is primarily leased to financial services tenants. 

The property also contains approximately 36,170 square feet of prime retail, which is available for immediate occupancy, enabling ownership to take advantage of one of the most desired retail corridors in the world, with neighbors such as Apple, Barney’s, Bottega Veneta, Brioni, Chanel, Hermes, Montcler and Ralph Lauren.

The HFF team representing Nightingale was led by managing director Rob Rizzi along with senior managing directors Eric Anton, Andrew Scandalios and Richard Reid and director David Fowler.

“We are excited to have arranged this venture between Nightingale and Friedland and are confident they will transform the asset into a best-in-class office and retail property worthy of this famed corridor,” said Rizzi.

“Both parties worked incredibly quickly to get through diligence and consummate a landmark transaction,” added Anton.

  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 370 Lexington Avenue in Midtown Manhattan, NY

Eric Anton

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 370 Lexington Avenue, a 295,016-square-foot office building with ground floor retail space in the Grand Central submarket of Midtown Manhattan.

HFF marketed the property widely to both domestic and international investors on behalf of the seller, a venture between institutional investors advised by J.P. Morgan Asset Management and Sherwood Equities. 

370 Lexington Avenue is located on the corner of East 41st and Lexington just one block from Grand Central Station.  This Midtown Manhattan location is close to the Park Avenue Corridor, Bryant Park, Midtown South, the United Nations and the First Avenue Medical Corridor.

 Originally built in 1928, 370 Lexington features 27 stories of office and ground floor retail space that is 99 percent leased to a diverse roster of tenants including professional services, TAMI (technology, advertising, media and information technology firms), United Nations, and FIRE users.

The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Eric Anton and director David Fowler.

“With an influx of foreign buyers widening the buyer pool and increasing competition for Class A assets such as 370 Lexington, it was no surprise that the property ultimately sold at a record breaking price per square foot,” said Scandalios.  “This is the foreign investor’s fifth purchase in Manhattan in a little over two years.”

  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.sherwoodequities.com

jpmorgan.com/institutional/global_real_assets

HFF closes sale of retail center in Albuquerque, NM

  

 

Doug Hazelbaker

 DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Plaza Paseo del Norte, a 183,718-square-foot shopping center in Albuquerque, New Mexico. 

HFF arranged the sale of the property on behalf of the seller, Kimco Realty Corp.  Columbus Pacific Properties purchased the asset.

The 96.8-percent-leased Plaza Paseo del Norte is home to Ross Dress for Less, Natural Grocers, Cinemark Movies West, Sears Outlet, Hancock Fabrics, Rue 21 and Dollar Tree in addition to Target and Hobby Lobby, which were not included in the sale. 

Situated on 26 acres at 9227-9331 Coors Boulevard NW, the center is located in the northern part of Albuquerque at the intersection of Corrs Boulevard NW and Paseo del Norte, which has combined traffic counts of more than 120,000 vehicles per day. 

The HFF investment sales team representing the seller was led by senior managing director Doug Hazelbaker and managing director Ryan Shore.

  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.columbuspacific.com.

HFF secures $25 million acquisition financing for Hyatt Regency Woodfield hotel in Schaumburg, IL

Hyatt Regency Woodfield, 1800 East Golf Road,  Schaumburg, IL

CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $25 million in acquisition financing for the Hyatt Regency Woodfield, a 468-room, full-service hotel located in the Village of Schaumburg, a northwestern suburb of Chicago, Illinois. 

HFF worked on behalf of the borrower, a partnership between T2 Capital Management, LLC, First Equity Group and Aimbridge Hospitality, LLC, to secure floating-rate financing through MidCap Financial LLC.

 Loan proceeds were used to acquire the property.  Additional private capital will be deployed by ownership for peripheral development of the 15-acre site, including additional freestanding, fine-dining restaurants and a build-to-suit office building with state-of-the art amenities.

Christopher Carroll

The five-story Hyatt Regency Woodfield underwent extensive renovations in 2009.  The  property features the Fresh 1800 Restaurant and Bar, Starbucks Coffee Bar, Hyatt Lounge for Hyatt Gold Passport members, indoor and outdoor pools, 24-hour fitness club and more than 30,000 square feet of meeting space, including an outdoor terrace. 

Located at 1800 East Golf Road in Schaumburg, the Hyatt is directly across the street from the main entrance to Woodfield Mall, the largest shopping center in Illinois and one of the 10 largest enclosed malls in the U.S. 

With more than 2.2 million square feet of restaurant, retail and entertainment space and 27 million annual visitors, Woodfield Mall is one of the top destinations for travelers in the nation.  Just off Interstate 90, the property is situated 14 miles from O’Hare International Airport and 22 miles from downtown Chicago.

The HFF debt placement team representing the borrower was led by managing director Christopher Carroll.

 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.1equitygroup.com.

www.aimbridgehospitality.com.

www.t2investments.com.

HFF closes $86 million land sale in Lower Manhattan, NY

  

Andrew Scandalios

NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a 12,600-square-foot, development-ready land site located at 45 Broad Street in Lower Manhattan.

HFF marketed the site on behalf of the seller, LCOR.  A partnership led by Madison Equities with The Pizzarotti Group purchased 45 Broad Street for $86 million. 

The development site is zoned for residential, commercial or mixed-use space and has no height restriction, allowing for panoramic river, harbor, skyline and horizon views. 

The site is located between Exchange Place and Beaver Street in Lower Manhattan, an area of the city that has seen numerous new developments as of late, such as the World Trade Center, South Street Seaport, Brookfield Place and Fulton Center.  In addition, more than one million square feet of luxury retail space is slated to open in Lower Manhattan in the next year. 

The HFF investment sales team was led by senior managing director Andrew Scandalios, managing director Jeff Julien, director KC Patel and senior managing director Jose Cruz.

“Lower Manhattan has seen an unprecedented influx of capital recently, which has led to a residential resurgence in the area and soaring luxury condo demand,” said Scandalios. 

“This neighborhood is an ideal live/work environment with a diverse employer base including firms Goldman Sachs, American Express, Moody’s and Merrill Lynch, complemented by an improved public transit system, world class cultural attractions an abundance of schools, high-end retailers, award-winning restaurants and parks.”

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

Sale and financing of The Meridian and The Belvedere in Dallas-Fort Worth area closed by HFF

The Meridian office building 1425 Greenway Drive, Irving, TX

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for The Meridian and The Belvedere, two Class A office buildings totaling 241,539 square feet in Addison and Irving, Texas.

HFF marketed the properties on behalf of the seller, Klabzuba Realty.  CREA Investments purchased the two buildings for an undisclosed amount free and clear of debt.  

Additionally, HFF secured floating-rate acquisition financing on behalf of the new owner through a regional bank. 

The Meridian is located at 1425 Greenway Drive in the Las Colinas master-planned business and residential community immediately adjacent to DFW International Airport in Irving. 

The Belvedere office building, 14881 Quorum Drive,
Addison, TX

The six-story property is 90 percent leased and features 100,359 square feet of space.

Situated at 14881 Quorum Drive in Addison, The Belvedere is located in the Far North Dallas market along the Dallas North Tollway, offering access to all of the city’s commercial centers including DFW International Airport, Love Field, Legacy Business Park and Preston Center.  

The 141,180-square-foot, nine-story building is 79.8 percent leased.  

“These transactions represent successful round trips that generated attractive returns to our investors,” said Klabzuba Executive Vice President Clint Corn.  “We remain committed to proactively recycling our capital into urban infill opportunities in major Texas markets.”

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.klabzuba.com

www.creainvestments.com

HFF expands New York capital markets team with addition of Scott Aiese

        

Scott Aiese

NEW YORK, NY –  Holliday Fenoglio Fowler, L.P. (HFF) announced Scott Aiese has joined the firm as a managing director in its New York office.  Mr. Aiese will focus on debt and equity placement transactions in the greater New York City area. 

Mr. Aiese has more than nine years of experience in commercial real estate finance and was most recently with Cushman and Wakefield, formerly Massey Knakal Realty Services, where he was a managing director in their Capital Services Division and closed more than $550 million of transactions for his clients.  

He joined Massey Knakal to help establish its Capital Services business in 2011.

 Prior to this role, he was a vice president in Bank of America Merrill Lynch’s Commercial Real Estate Banking Division, which focused on syndicated balance sheet transactions ranging from $15 million to $1.2 billion.

  He began his career as an analyst in the same group at Bank of America, N.A.  Mr. Aiese holds a Bachelor of Science from Boston University School of Management. 

Additionally, Alex Staikos will be joining HFF as a real estate analyst supporting the debt team.  Mr. Staikos worked with Mr. Aiese at Cushman and Wakefield as a senior associate.  He graduated in 2014 from Boston University School of Management. 

“The additions of Scott and Alex are consistent with HFF’s growth plans and will help us continue to grow market share in New York for many years to come,” said Michael Tepedino, senior managing director and co-head of HFF’s New York office.

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

Wyndham Hotel Group Arrives in Vietnam

Barry Robinson

HALONG BAY, VIETNAM (28 October 2015) – Building on strategic efforts to grow its brands throughout key leisure markets in South East Asia, Wyndham Hotel Group today announced an agreement for its first property in Vietnam, the new construction, 217-room Wyndham Legend Halong.

Owned by Ha Long Star Service & Tourist Joint Stock Company, the property will be located in Halong City, the gateway to World Heritage-listed Halong Bay. 

The USD$40 million development is currently under construction and is scheduled to open under the upscale Wyndham Hotels and Resorts® brand flag in early 2016. It will include all-day dining, meeting rooms, a pool bar and an onsite gym.     

 “Vietnam is a key tourism destination in South East Asia, drawing just shy of eight million visitors in 2014, and Halong Bay is one of the country’s premier attractions,” said Barry Robinson, president and managing director, South East Asia and Pacific Rim for Wyndham Hotel Group.

 “With its unique beauty, its growing popularity among travellers, and its key positioning along Vietnam’s main route to southern China, Halong Bay is exactly the kind of destination we’re expanding in right now.  Wyndham Legend Halong will provide visitors to this beautiful part of the world with all the comforts and amenities you would expect from a world-class, upscale hotel.”

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

Hayley Sultanie

PR and Communications

Wyndham Hotel Group South East Asia and Pacific Rim

T: +61 (0) 7 5512 8491

hayley.sultanie@wyn.com

www.wyndhamAP.com

Crossman & Co. Negotiates Lease Agreement with World of Beer for 5,200 square feet at University Towne Center in Gainesville, FL

Rochelle DuBrule

GAINESVILLE, FL -- Rochelle DuBrule of Crossman & Company, one of the largest retail leasing, investment sales and management firms in the Southeast, recently negotiated a long-term lease at University Towne Center, which is located at 3265 SW 34th St. in Gainesville.

DuBrule represented the landlord during the lease negotiation. University Towne Center, which is situated at the intersection of 34th Street and Archer in the busiest retail corridor in Gainesville, includes tenants such as YouFit, EarthFare, Peach Valley, Carrabba's and Tropical Smoothie.

World of Beer, a craft beer tavern offering beers from around the world, is the new tenant who leased the 5,200 square foot unit at the center.  “World of Beer has an outside patio and live musical performances on weekends,” DuBrule said. 

Jason Hurst of Front Street represented the tenant in the transaction.

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

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

Berkadia Closes on 172 Units in Alexander City, AL and Rainbow City, AL for $3.8 Million

 

Josh Jacobs

BIRMINGHAM, AL --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated the sale of the Azalea Court I & II, Sherwood Forest, Wildhaven Portfolio encompassing a total of 172 units for $3,800,000. 

The properties are located in Alexander City and Rainbow City, Ala. 

David Oakley, Partner and Josh Jacobs, Associate in Berkadia’s Alabama office negotiated the portfolio sale representing the Birmingham-based seller.

The buyer was Suit Properties, LLC, based out of Gadsden, Ala.  

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

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

JLL – City of Phoenix Effort Keeps Daikin in Phoenix, AZ

Daikin Applied Building, 4940 West Lower Buckeye Road, Phoenix, AZ

Phoenix Mayor Greg Stanton

PHOENIX, AZ  – After an eight-month site selection effort led by the Phoenix office of JLL and the City of Phoenix, Daikin Applied will continue to design and manufacture advanced HVAC solutions in the Valley.

 In a lease signed this week, Daikin confirmed it will relocate its Phoenix operations and approximately 50 manufacturing and management employees from its current location near I-10 and 35th Avenue to a 57,000-square-foot, new-build project on West Lower Buckeye Road, within the Riverside Tax District.

The new building is situated at 4940 W. Lower Buckeye Rd., between 49th and 50th Avenues in Phoenix.

JLL Managing Directors Jim Sadler and Bill Honsaker led the strategic plan, plant operations and planning, and multi-market site selection process for Daikin Applied.   ,

“We are working to make Phoenix the best city for doing business,” said Phoenix Mayor Greg Stanton. “It’s great to know our efforts are paying off and that Daikin will continue to call our community home.”

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

HFF closes sale of 518-unit, Class A multi-housing community in Littleton, CO

The Retreat at Park Meadows Apartments 10200 Park Meadows Drive, Littleton, CO

 

Jordan Robbins

DENVER, CO – Nov. 4, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Retreat at Park Meadows, a 518-unit, Class A multi-housing community in Littleton, Colorado.

HFF marketed the asset on behalf of PNC Realty Investors, Inc., acting as investment advisor to the AFL-CIO Building Investment Trust.  Invesco Real Estate purchased the property for an undisclosed amount free and clear of existing debt.

The Retreat at Park Meadows has 32 garden-style buildings set on 33.37 acres at 10200 Park Meadows Drive.  The transit-oriented asset is across the street from the Lincoln Station light rail stop, providing access to the southeast business corridor and downtown Denver, and is immediately southwest of the Interstate 25 and Colorado 470 interchange.

 Additionally, the property is located near Park Meadows Mall, Sky Ridge Medical Center and less than one quarter of a mile north of the recently opened Charles Schwab office campus. 

The property has one-, two- and three-bedroom units averaging 1,029 square feet each and amenities such as a resort-style swimming pool, tennis and sand volleyball courts, fitness center with indoor basketball court, putting green and detached garages.

Jeffrey Haag

The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.

“With its low-density design and large unit sizes, Retreat at Park Meadows is a very unique asset within the Denver market and was highly sought after by investors. 

The property had not been upgraded since it was built 15 years ago and is prime for a new owner to complete a value-add strategy for additional growth in this extremely high demographic area,” commented Robbins.

 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.

Acquisition financing for Sheldon Palms in Tampa, FL arranged by HFF

Sheldon Palms Apartments, 8802 Brennan Circle, Tampa, FL

Cortney Cole

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Sheldon Palms, a 312-unit, garden-style multi-housing community in Tampa, Florida.

Working on behalf of the borrower, Venterra Realty, HFF placed the three-year, partial interest only floating-rate acquisition loan with a national bank.

Approximately 12 miles northwest of downtown and three miles from the waterfront, Sheldon Palms is located at 8802 Brennan Circle just off Sheldon Road between Waters and Hillsborough Avenues in Tampa’s West Bay neighborhood. 

The 93-percent-leased property has 13 residential buildings featuring one-, two- and three-bedroom floor plans.  Community amenities include a swimming pool, spa, outdoor grilling areas, lighted tennis courts, fitness center and clubhouse.  Upon acquisition, Venterra will enhance community amenities as well as implement upgrades to unit interiors.

The HFF debt placement team representing the borrower was led by director Cortney Cole and associate director Preston Reid.

 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 closes sale of 85-unit apartment building in Burlingame, CA

(Photo by Todd Quam)

Burlingame Towers, 1469 Bellevue Avenue, Burlingame, CA

Scott Bales

SAN FRANCISCO, CA  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Burlingame Towers, an 85-unit, eight-story apartment building in Burlingame, California.

HFF marketed the asset on behalf of the seller, Mayfield Companies.  Romel Enterprises, LLC purchased the property after defeasing the existing loan.

Burlingame Towers is situated in downtown Burlingame at 1469 Bellevue Avenue approximately one half of a mile from the Burlingame Caltrain Station, which provides direct access to San Francisco and downtown Palo Alto. 

The mid-rise building is Burlingame’s tallest residential structure offering views of the San Francisco Bay/Peninsula and is within walking distance of the downtown area’s retail and dining attractions. 

Burlingame Towers has 85 one-, two- and three-bedroom units with floor-to-ceiling windows and private balconies.  Property amenities include a heated swimming pool with outdoor seating area, lobby with resident social areas and a two-level parking garage with elevator access.

The HFF investment sales team representing Mayfield Companies was led by managing director Scott Bales and associate director Adam Simon.

 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 $30.6 million financing for 282-unit multi-housing community in San Antonio, TX

 

John Brownlee

DALLAS, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $30.6 million in financing for Brackenridge at Midtown, a 282-unit, Class A garden-style multi-housing community in San Antonio, Texas.

HFF worked on behalf of the borrower, Pure Multi-Family REIT LP, to place the long-term, fixed-rate loan with TIAA-CREF.  Loan proceeds were used to acquire the property.

Brackenridge at Midtown has one-, two- and three-bedroom units ranging between 594 square feet to 1,458 square feet.  

Completed in 2014, property amenities include a resort-style swimming pool with tanning deck, grilling areas, fire pit, horseshoe pit, pet park, clubhouse, state-of-the-art fitness center, dedicated yoga/Pilates fitness room, entertainment kitchen, gaming lounge and private garages.  

Situated on 9.9 acres, the property is located at 223 Brackenridge Avenue about a block from Brackenridge Park and approximately two miles from downtown San Antonio’s River Walk in San Antonio’s Brackenridge/Midtown neighborhood.  The property is 91 percent leased.

The HFF debt placement team representing the borrower was led by senior managing director John Brownlee and associate director Michael Cosby.

 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.sedar.com.