Christie Alexander Joins Crossman & Co. as Director of Brokerage Services

Christie Alexander

ORLANDO, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, is happy to welcome Christie Alexander as Director of Brokerage Services.

John Crossman, President of Crossman & Company, said Alexander’s commercial real estate career spans more than 20 years and includes sales and leasing of retail, office, land and industrial properties.    

Crossman said Alexander also has an extensive background in market analysis, feasibility studies and due diligence on all property types. Most recently, while a principal at NAI Realvest, Alexander teamed with the chairman to provide brokerage and advisory services.

Alexander has closed transactions that have exceeded half a billion dollars, and served clients such as Shell Oil, Ruth's Chris Steak House, TLC Engineering, MAS Companies and Atlantic Housing Foundation.

Her professional affiliations include NAIOP and International Council of Shopping Centers (ICSC). She has received awards and recognition from Central Florida Commercial Association of Realtors (CFCAR); Top Women in Florida Commercial Real Estate, Florida Real Estate Journal 2007 and NAI Gold Club. She holds a BS in Economics from Arizona State University, where she was a member of Omicron Delta Epsilon (Honor Society in Economics).

“Christie is one of the most experienced and respected commercial real estate brokers in Florida with a very well-rounded background and exposure to all facets of the industry,” said Crossman. “She will play a vital role in our continued growth throughout the Southeast.”

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

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

Hold-Thyssen Negotiates Long Term Lease at Phillips Place for long-time Orlando, FL Dentist

Darby Hold

ORLANDO, FL --- Hold-Thyssen, a real estate services firm headquartered in Winter Park, recently negotiated a long-term lease renewal for professional office space at Phillips Place, 7575 Dr. Phillips Blvd.  in Southwest Orlando. 

Darby Hold, transaction specialist for Hold-Thyssen, Inc. negotiated the transaction representing the Cincinnati, Ohio-based landlord, Financial Way Realty, Inc. 

Dr. David Hinton, DDS, already a tenant at the Phillips Place office building renewed a lease of 1,635 square feet for an additional five years.  Dr. Hinton, in practice for well over 25 years in the area, was not represented in the transaction.

Hold-Thyssen, Inc. is the leasing and management representative for the 56,000 square foot Phillips Place Office Building, which is now 89 percent leased

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

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

HFF arranges $18.5 million refinancing for grocery-anchored suburban Philadelphia retail center

West Goshen Town Centre, Route 3 and Five Points Road, West Chester, PA

PHILADELPHIA, PA, Nov. 16, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged an $18.5 million refinancing for West Goshen Town Centre, a 135,650-square-foot retail center anchored by ShopRite in the affluent suburban Philadelphia community of West Chester, Pennsylvania.

HFF worked on behalf of the borrower, Brandolini Companies, to secure the permanent, fixed-rate loan through an institutional lender. 

Ryan Ade

Situated on 17.6 acres at Route 3 and Five Points Road, West Goshen Town Centre is five miles from downtown West Chester, which was named No. 10 on CNN’s Money.com Top 50 Best Places to Live in 2013. 

The property is adjacent to four multi-housing complexes with a total of 968 units, and the center is proximate to some of the county’s major employers, including QVC’s global headquarters, Chester County Hospital and the 15,000-student West Chester University. 

One hundred percent leased, the four-building West Goshen Towne Centre is home to anchors ShopRite and A.C. Moore in addition to Applebee’s Neighborhood Grill, Panera Bread, AT&T, Massage Envy, GameStop, Great Clips, Sun East Federal Credit Union and H&R Block.

The HFF team representing the borrower was led by managing director Ryan Ade.

“Having the market-leading grocer, ShopRite, as an anchor draw, West Goshen Town Centre occupies one of the best locations for retail in the western suburbs,” Ade said.  “Lenders competed aggressively via the HFF process, and the end result was a best in market execution for our client, Brandolini.”

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.brandolinicompanies.com

HFF secures $33.65 million financing for 1.7 million-square-foot industrial portfolio in Minnesota and Wisconsin

  

Biynah Industrial Portfolio

CHICAGO, IL, Nov. 16, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $33.65 million in acquisition financing for a three-property industrial portfolio totaling 1.7 million square feet near Minneapolis, Minnesota, and Green Bay, Wisconsin. 

HFF worked on behalf of the borrower, a joint venture between Biynah Industrial Partners and Alex. Brown Realty, Inc., to place the three-year, floating-rate loan with three one-year extensions with Realty Finance Trust. 

Matthew Schoenfeldt

The 100-percent-occupied portfolio contains one property in Minnesota and two in Wisconsin, all highly-functional, modern warehouse facilities with proximity to interstates.

 The Minnesota property is located at 435 Park Court in Lino Lakes and is proximate to Interstate 35W.  The Wisconsin properties are 5929 Packer Drive in Menomonie and 1731 Industrial Parkway in Marinette. 

The HFF debt placement team was led by managing director Matthew Schoenfeldt.

“Biynah Industrial Partners and Alex. Brown Realty manufactured a fantastic warehouse portfolio here, coordinating between multiple property sellers and the demanding corporate tenants that are in place,” Schoenfeldt said.

 “With a basis more than 25 percent below replacement cost and an unlevered yield in excess of 8.5 percent, this portfolio represents value-investing at its finest.  Realty Finance Trust immediately embraced the borrowers’ strategy and delivered a fantastic execution, from application to close.”

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.biynahpartners.com

www.abrealty.com

Stepp Commercial Completes 10-Unit Apartment Property Sale in Santa Monica, CA

Kimberly Roberts Stepp

Santa Monica, CA,  Nov. 16, 2015 – Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2 million sale of fully occupied, 10-unit apartment property located at 2250 30th Street on the corner of Pico Blvd. and 30th in Santa Monica.

Kimberly Roberts Stepp, principal with Stepp Commercial, represented the seller, a Los Angeles-based private investor, as well as the Los Angeles-based private buyer. The closing cap rate on the transaction was 3.6 percent.

“This property presented the buyer a commercially zoned asset with a low per-unit cost for the neighborhood and a potential upside in rents of approximately 98 percent,” said Roberts Stepp. “The buyer is planning a complete renovation and repositioning of the asset to capitalize on long-term appreciation.”

Stepp added that the property garnered strong interest with multiple offers and sold at $50,000 over the asking price.

Built in 1956, the two-story property consists of two studio units, seven one-bedroom units, and one two-bedroom unit. The asset features balconies and patios, a laundry room, extra storage space, and ample parking. It is also well located near Santa Monica Community College and the new Expo Station.

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

Darcie Giacchetto

949.278.6224

Lincoln Harris Brokers $7.5 Million Sale of Cypress and Cedar East in Raleigh, NC

  

Kaler Walker

 RALEIGH, NC (Nov. 16, 2015) — Kaler Walker of Lincoln Harris has arranged the $7.5 million sale of Cypress and Cedar East, two office buildings totaling 79,186 square feet located in Raleigh. 

 Walker represented the seller, Cedar East & Cypress, LLC, in the transaction. Carter Worthy of Worthy Commercial represented the buyer, Debnam Properties, which owns an additional two buildings in the neighborhood. The buyer plans to occupy a portion of the buildings and continue leasing the rest.

The buildings are located at 3117 and 3101 Poplarwood Court, and were 73 percent leased in the third quarter. The buildings offer easy access to I-440, recently renovated common areas and move-in ready space.

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

Savannah Duncan

The Wilbert Group

404-343-0870 (O) 404-901-4433 (C)

sduncan@thewilbertgroup.com

NAIOP Honors Erik Lembcke of First Republic Bank in Palm Beach, FL

 

Eric Lembcke

WEST PALM BEACH, FL (Nov. 16, 2015) – West Palm Beach resident Erik Lembcke, CFP®, with First Republic Bank in Palm Beach, has been recognized nationally by NAIOP, the Commercial Real Estate Development Association, as a recipient of the 2015 Developing Leaders Award. He is a member of the NAIOP South Florida.

“We are proud to recognize Erik for his exceptional achievements and leadership in NAIOP, his community and the industry,” said Thomas J. Bisacquino, president and CEO of NAIOP. “His drive and innovative approach to emerging trends and economic opportunities will position the industry for success both now and in the future.”

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

Maria Pierson

Pierson Grant Public Relations

954-776-1999 ext. 222

mpierson@piersongrant.com

Berkadia negotiates $5.2 Million Sale of Apartment Community in Birmingham, AL area

Terrace31 Apartments, Little Mountain Circle, Pelham, AL

Josh Jacobs

Birmingham, AL – Berkadia Real Estate Advisors, one of the nation’s largest and most active multifamily investment sales companies, recently negotiated the $5.2 million sale price for Terrace31, a 79-unit apartment community on Little Mountain Circle in Pelham, Ala. 

Josh Jacobs, investment sales associate at Berkadia along with managing director David Oakley, negotiated the transaction representing the seller Birmingham-based Four Four Little Mountain, LLC.

Terrace31 was built in two phases in 1973 and 1998 and fully repositioned in 2014.

A Birmingham-based Purchaser paid $65,822 per unit for the property, and Jacobs said Highline Property Advisors will serve as managing partner for the property moving forward.

Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leading provider of capital solutions and investment sales advisory and research services for multifamily and commercial properties. 

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644 4142 or

407-461 3781 lvershelco@aol.com

Pulte Homes Opens Lake Pickett Reserve in East Orlando, FL and showcases new Gardenside model home

Orlando, FL --- Pulte Homes recently celebrated a community grand opening and showcased its new Gardenside model home at Lake Pickett Reserve, 18307 Lake Pickett Rd. off of County Road 420, east of the University of Central Florida campus in East Orlando.

Tiffani Ferri, vice president of sales for PulteGroup’s North Florida division, said Lake Pickett Reserve is exclusively the only new home community on Lake Pickett.

“Lake Pickett Reserve is one of the most beautiful residential areas remaining in this part of the state,” Ferri said.

Pulte Homes is building 52 Life Tested single-family homes in the gated community on half-acre to one-acre home sites.  Ferri said 10 lakefront home sites are available, and the community will feature a private community boat ramp.

“Lake Pickett Reserve is a perfect family community,” Ferri said.

New four, five and six-bedroom homes at Lake Pickett Reserve are priced from $359,990.

Floor plans range in size from 2,489 square feet of living space to more than 4,200 square feet, with three, four or five full baths, half-baths for guests and three-car garages, plus all of Pulte’s Life Tested® Features.

To learn more visit www.pulte.com/lakepickettreserve

 or call 877-838-5809.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644 4142 or

407-461 3781 lvershelco@aol.com

Crossman & Co. negotiates sale of prime free-standing Tijuana Flats restaurant on S.R. 436 in Casselberry, FL

  

Tijuana Flats Restaurant, 991 Semoran Boulevard, Casselberry, FL

 

Brian Carolan

ORLANDO, FL --- Crossman & Company, one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated the sale of a prime free-standing Tijuana Flats restaurant at 991Semoran Blvd. in Casselberry.

Brian Carolan, Director of Investment Sales and Bruce Lyons, Senior Managing Director at Crossman & Company, represented the seller, Greater Properties, Inc., during the negotiation of the transaction.

The 3,068 square foot building, situated on a 1.15 acre site, is one of the few free-standing Tijuana Flats locations in Florida. 

Gary Turner of Turner Net Lease Properties represented the buyer in the transaction.

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

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644 4142 or

407-461 3781 lvershelco@aol.com

Cohen Commercial Realty Signs Labor Finders to 1,150-SF Lease at Town Square Shopping Center, Sebring, FL

Bryan S. Cohen

 SEBRING, FL  — Bryan Cohen, Jason Guralnick, and Chris McCarthy of Cohen Commercial Realty, Inc., announced the signing of Labor Finders to lease a 1,150-square-foot space at the Town Square Shopping Center. The Town Square Shopping Center is located on the southeast corner of Lakeview Drive and Kenilworth Boulevard in Sebring, Florida. Cohen Commercial represented the Landlord in this transaction.

Divine Beauty Hair Salon Leases 900 SF at Jupiter West Plaza, Jupiter, FL

JUPITER, FL  — Allan Carlisle and Bryan Cohen of Cohen Commercial Realty, Inc., announced the signing of a 900-square-foot space to Divine Beauty Hair Salon in the Jupiter West Plaza, located on Indiantown Road in Jupiter, Florida. Cohen Commercial Realty represented the Landlord in this transaction.

 Siempre Tax Takes Space at Turnpike Plaza, West Palm Beach, FL

November 2, 2015 (West Palm Beach, Fla.) —Allan Carlisle and Bryan Cohen of Cohen Commercial Realty, Inc., announced the signing of Siempre Tax, an affiliate of Liberty Tax, at Turnpike Plaza on Okeechobee Boulevard in West Palm Beach, Florida. Cohen Commercial represented the Landlord in this transaction.

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

 Kacy Martin

Cohen Commercial Realty, Inc.

561.471.0212 Office

561.471.5905 Fax

kacymartin@cohencommercial.com

www.cohencommercial.com

HFF named to market for sale 148 Duane Street in Tribeca, Manhattan, NY

148 Duane Street, Tribeca Neighborhood, Manhattan, NY

Eric Anton

NEW YORK, NY –Holliday Fenoglio Fowler, L.P. (HFF) announced it has been named to market for sale 148 Duane Street, a luxury residential conversion opportunity in Manhattan’s Tribeca neighborhood.

148 Duane Street has four high-ceilinged, full-floor residential units totaling 13,700 rentable square feet, 3,972 square feet of ground floor retail and a 2,889-square-foot cellar. 

The property also includes a penthouse unit that will feature a private swimming pool and more than 3,500 square feet of outdoor space post renovation.

 The building is situated near the intersection of Duane Street and West Broadway approximately one block from the Chambers Street metro station and within walking distance to all of Tribeca’s retail, dining and entertainment attractions.

 In addition, the property is one half of a mile from Goldman Sachs World Headquarters, One World Trade Center and Brookfield Place, the newly-developed luxury lifestyle center overlooking the Hudson River.

The HFF investment sales team representing the seller is led by senior managing director Eric Anton, managing director Rob Rizzi and associate director Steven Rutman.

“We are excited to be marketing this rare opportunity to acquire a classic loft elevator building primed for conversion to luxury condominiums in New York City’s most desired residential neighborhood,” said Anton.

“Beyond its excellent location, the property’s appeal is furthered by the fact that the owner has already obtained all of the various approvals and permits to renovate the entire property and transform it into the leading luxury building in the area.  Additionally, the property has more than 1,873 square feet of air rights that may be utilized upon further approval,” Rutman added.

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 arranges sale of 4990 Fairmont in Bethesda, MD

Rendering of planned 4990 Faisrmont Avenue,
 Downtown Bethesda, MD

WASHINGTON, D.C. – November 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged the sale of a 22,884-square-foot infill land site located at 4990 Fairmont Avenue in downtown Bethesda, Maryland on behalf of Starr Capital, LLC.  Duball Fairmont, LLC, an affiliate of Duball, LLC was the acquiring party.

The site is fully entitled for a 17-story structure encompassing a 13-story, 71-unit luxury residential component situated atop a four-level, above-grade parking garage and 2,500 square feet of ground floor retail.

Founded in 2003, Starr Capital LLC invests in real estate assets for cash flow and development throughout the Washington, D.C. Metropolitan area with a focus on multifamily, retail and hospitality sectors.  Visit starrcapital.com for further information.

Duball, LLC (www.Duball-LLC.com), founded in 2004, is one of the leading real estate developers in the Washington, D.C. region with over 1.8 million square feet currently under development. 

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 $27.7 million refinancing for New Orleans grocery-anchored shopping center

Algier's Plaza, Algiers Neighbordhood, Five Miles Southeast of Downtown New Orleans, LA

De'On Collins

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $27.7 million loan for Algiers Plaza, a recently-renovated 236,389-square-foot shopping center anchored by Winn Dixie in New Orleans, Louisiana. 

HFF worked on behalf of the borrower, N3 Real Estate, to place the floating-rate loan with BBVA Compass.  

Loan proceeds were used to pay off a construction loan, acquire all of the minority partnership interests and fund future capital improvements and leasing costs at the property.

Algiers Plaza recently underwent extensive renovations, adding new junior tenant space for Petco, Ross Dress for Less, TJ Maxx and Burke’s. 

The 85-percent-leased center is also home to a recently-remodeled Winn Dixie, Payless Shoe Source, Buffalo Wild Wings, Mattress Firm and Walgreens.

 Situated on 24.98 acres, the property is on the West Bank of the Mississippi River approximately five miles southeast of downtown New Orleans in the Algiers neighborhood.  The property is located along General deGaulle Drive, a main thoroughfare with more than 50,000 vehicles per day.

The HFF debt placement team was led by associate director De’On Collins and senior managing director Travis Anderson.

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.n3realestate.com.

HFF arranges equity and construction financing for Class A spec industrial development in Denver, CO

Rendering of planned Central 62 Distribution Center, Denver, CO

 DENVER, CO –Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged equity and construction financing for the development of Central 62 Distribution Center, a 124,600-square-foot, Class A, spec industrial warehouse and distribution facility in Denver, Colorado. 

HFF worked on behalf of the developer, Corum Real Estate Group, to arrange the joint venture equity partnership with a pension fund advisor.  In addition, HFF secured the construction loan for the partnership through a local bank. 

Josh Simon

Central 62 Distribution Center will be situated on a 7.57-acre site at the northeast corner of East 62nd Avenue and Interstate 25, the primary north-south interstate running through the western part of the Rocky Mountains.

 Five miles from Denver’s CBD, the center is near the 70th Avenue interchange and provides access to other major freeways, including Interstates 70, 71, 76 and 270.  The center is proximate to rail access and is 24 miles from Denver International Airport.

  Designed by Ware Malcomb architects, the center will consist of a one-story, multi-tenant building with 28’ clear heights and 22 dock-high doors.

 When completed in 2016, Central 62 Distribution Center will be one of the only Class A industrial buildings in the northeast submarket.

The HFF equity and debt placement team representing the borrowers was led by Josh Simon.

”Corum was able to find an unbelievable industrial development site in the heart of central Denver,” Simon said.  “Given the site attributes and the scarcity of industrial opportunities in the market, we had a tremendous amount of interest from capital creating a highly competitive environment to capitalize the deal.”

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.corumrealestate.com