Berger Commercial Realty Closes $760,000 Sale of Holy Cross Apartments in Fort Lauderdale, FL

Jonathan Thiel

FORT LAUDERDALE, FL -- Berger Commercial Realty Senior Sales Associate Jonathan Thiel recently represented Holy Cross Hospital in the $760,000 sale of Holy Cross Apartments to I.B.R. Operations, LLC.

Located at 1930 N.E. 45th Street in Fort Lauderdale, the 5,260-square-foot multi-family building consists of two stories and ten units.

The property sits on a 9,093-square-foot lot two blocks west of Federal Highway within walking distance of Holy Cross Hospital.

"The property has eight one-bedroom, one-bath units and two studio apartments that have been vacant for several years," Thiel said. "The new owner plans to renovate the property and rent out the units upon completion."

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

                                           

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Marcus & Millichap Brokers $968,000 Sale of 9,100-SF Dollar General in Luthersville, GA

Daniel Hurd

LUTHERSVILLE, GA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Dollar General, a 9,100-square foot net-leased property located in Luthersville, Georgia, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $968,000.

Daniel Hurd, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

The buyer, a limited liability company, was secured and represented by Hurd. Michael Fasano, broker, assisted in closing this transaction.

Dollar General is located at 164 South Main Street in Luthersville, Georgia. Constructed in 2010, the subject building is 9,100 square feet and sits on approximately 1.09 acres of land.

 Dollar General currently operates in more than 43 states and focuses on the sale of items such as foods, snacks, health and beauty aids, housewares, cleaning supplies and seasonal items. The company has been rapidly expanding and is set to open approximately 800 new locations this year.

Michael Fasano 

“As a result of our strategic marketing campaign we generated multiple offers on this listing which resulted in a sale to an out-of-area buyer,” says Hurd. 

“This was an excellent opportunity for the buyer to take advantage of historically low interest rates and aggressive financing options to maximize his return on investment.”

“Marcus & Millichap has sold over 92 Dollar General stores so far this year, and is on pace exceed 2015 numbers,” concluded Hurd.

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

                                           

Ari Ravi

Regional Manager

Tampa, FL

(813) 387-4700

Pamela K. M. Beall and Steven D. Cosler Appointed to Board of Directors of National Retail Properties, Inc.

 

Pamela K. M. Beall

ORLANDO, FL /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Pamela K. M. Beall and Steven D. Cosler were appointed to the Board of Directors.

"We are excited to add Pam and Steve to our Board.  Pam's financial expertise and Steve's extensive management experience will make each of them an excellent addition. 

They both bring a broad depth of business skill and prior board experience that will complement our other directors," said Craig Macnab, Chairman and Chief Executive Officer.

Ms. Beall has an extensive background in finance and corporate risk.  She is Executive Vice President Corporate Planning and Strategy of MPLX LP and is a director on the board of its general partner, MPLX GP LLC., a subsidiary of Marathon Petroleum Corporation (MPC), which is a Fortune 50 public company.

 MPLX LP, a publicly traded master limited partnership, is one of the largest petroleum pipeline companies and natural gas processors in the United States.  Previously, she held the positions of Senior Vice President of Corporate Planning, Government and Public Affairs of MPC and President of MPLX.

Steven D. Cosler

 Ms. Beall currently serves on the board of trustees of the University of Findlay, and as a member of the executive, audit, business affairs and capital campaign committees. 

Ms. Beall received a Bachelor of Science, Accounting degree from the University of Findlay, and a Master of Business Administration from Bowling Green State University, and is a non-practicing Certified Public Accountant.

Mr. Cosler has a wide-ranging executive management background.  He is an Operating Partner with Water Street Healthcare Partners, a private equity firm focused exclusively on the healthcare industry.

 Prior to Water Street, Mr. Cosler was President and Chief Executive Officer of Priority Healthcare Corporation, a Fortune 1000 company that distributed and managed biopharmaceutical therapies until its acquisition by Express Scripts.

 He also held executive positions with CoreSource, Inc., one of the nation's largest healthcare administrators and achieved a distinguished career at IBM Corporation.  Mr. Cosler currently serves as a director on four Water Street portfolio company boards, including New Century Health where he serves as Chairman. 

 He also served as lead director of Catamaran Corporation, one of the largest pharmacy benefit managers in the healthcare industry until its acquisition by United Healthcare in July, 2015.

Craig Macnab

  Among his civic contributions, Mr. Cosler co-founded and serves as the Chairman of Elevate Indianapolis, a non-profit organization focused on advancing urban youth.  He received a Bachelor's degree in Industrial Management from Purdue University.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.  

As of June 30, 2016, the company owned 2,452 properties in 48 states with a gross leasable area of approximately 26.3 million square feet and a weighted average remaining lease term of 11.4 years.

  For more information on the company, visit www.nnnreit.com.

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

investorrelations@nnnreit.com

Lincoln Awarded Leasing Assignment for The Corners in Peachtree Corners, GA

Michael Howell

ATLANTA (Aug. 19, 2016) – Lincoln Property Company Southeast (Lincoln) has been awarded the exclusive leasing assignment for The Corners, a 290,000-square-foot, four-building office complex located in the Atlanta suburb of Peachtree Corners.

Michael Howell, Matt Davis and George Gwaltney of Lincoln will oversee the leasing at the property on behalf of the landlord, Glenfield Capital.

“We are thrilled to be working with Glenfield Capital on this assignment,” Davis said. “With the property’s recent renovations and location in the heart of Peachtree Corners, we are already experiencing a significant amount of interest from prospects. Peachtree Corners is a highly desirable community recognized for its outstanding demographics, incredible amenities and attractive labor pool.”

Since acquiring the complex, Glenfield Capital has elevated the profile of the park with extensive renovations. 6525 The Corners Parkway is now considered “the best building in Peachtree Corners.” 

The renovations include the lobbies, common areas and bathrooms of the buildings. The new conference center offers modern meeting equipment, flexible seating and free Wi-Fi. 

Matt Davis

The newest addition to The Corners is the fitness center, which features state-of-the-art cardio and weight training equipment. Additionally, a significant renovation to the green space surrounding the buildings is underway which will serve as a great place for employees to relax and collaborate.

The complex features two five-story Class A buildings and two two-story Class B buildings. The Class A buildings, 6525 and 6575, include 20,000-square-foot floorplates, and the Class B buildings, 6025 and 6075, offer 23,000-square-foot floorplates. 

Both buildings offer convenient surface parking and are equipped with dual fiber connections, as well as Georgia Power High Reliable Systems.

The Corners comprises 15 acres located at the intersection of The Corners Parkway and Holcomb Bridge Road with easy access to Interstate 285, and features on-site property management and security patrol.

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

 Savannah Durban

The Wilbert Group

404-343-0870

sdurban@thewilbertgroup.com

Marcus & Millichap Arranges $1.7 Million sale of 14-Unit Lilac Park Apartments in Palm Beach Gardens, FL

Evan Richardson

PALM BEACH GARDENS, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lilac Park Apartments, a 14-unit apartment property located in Palm Beach Gardens, Florida. The asset sold for $1,700,000 equating to $121,429 per unit.

            “Lilac Park Apartments offered an investor the opportunity to purchase a turn-key, stabilized and upgraded multi-family property in an affluent submarket of Palm Beach County,” says Evan Richardson, associate in Marcus & Millichap’s Fort Lauderdale office.  

“The property was purchased by an investor in a 1031 exchange from New York looking to acquire additional property in South Florida.”

Richardson, along with Daniel J. Cunningham and Derek R. Gibbs, first vice president investments in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Hobe Sound, Florida. The buyer was a limited liability company from New York City.

Built in 1963, Lilac Park Apartments consists of seven duplexes situated on 1.68 total acres. The 14 units all have two-bedrooms and one-bathroom. Lilac Park Apartments is located between Northlake Boulevard and PGA Boulevard at 10034 Plant Drive in Palm Beach Gardens

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

Ryan Nee

Vice President / Regional Manager, 

Fort Lauderdale, FL

(954) 245-3400

HFF secures $78 million in construction financing for Sterling Bay and J.P. Morgan’s Fulton West Phase II development in Chicago’s West Loop

  

Rendering of Planned Fulton West Phase II, Office Building, West Loop, Chicago, IL

 

Michael Kavanau

CHICAGO, IL –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $78 million in construction financing for the development of Fulton West Phase II, a nine-story, 290,699-square-foot, creative office building in Chicago’s West Loop.   

HFF worked on behalf of the developer, a partnership comprising Sterling Bay and institutional investors advised by J.P. Morgan Asset Management, to place the construction loan with Bank of America.  

Upon completion in 2017, Fulton West Phase II will feature 261,129 square feet of creative office space with 34,000 - 40,000-square-foot average floor plates, 18,429 square feet of ground floor retail and a 610-stall parking facility. 

Nearly half of the building’s rentable square feet is leased to Glassdoor, Skender Construction and Sterling Bay.  

The building will offer tenants a 24,000-square-foot landscaped courtyard, a 5,750-square-foot roof deck with views of downtown, more than 11,000 square feet of private balcony opportunities and a secure bike room. 

Tim Joyce

Situated at 1330 West Fulton Street, the development has superior access to the entire Chicagoland area being located less than one half of a mile from I-90, I-94 and I-290, Chicago’s primary interstates.

 Public transportation is accessible at the nearby Ashland and Lake, and Morgan and Lake “L” stations.  Additionally, shuttle service to the two downtown commuter rail stations will be provided from Fulton West.

The HFF debt placement team representing the borrower was led by senior managing director Michael Kavanau, managing director Tim Joyce and associate director Christopher Knight.

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

Kristen M. Murphy

Director, Marketing

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.jpmorgan.com/institutional/global_real_assets

www.sterlingbay.com

29th Street Capital Expands in Dallas-Fort Worth; Lamont Rattler to Seek Value-Add Apartment Deals in DFW

Lamont Rattler

  Dallas, TX – Lamont Rattler has joined 29th Street Capital (29SC) as Vice President of Multifamily Acquisitions in Dallas.

Rattler is responsible for all facets of the privately-held real estate investment and advisory firm’s multifamily acquisitions and asset management strategies in this market. His first tasks include helping 29SC expand its footprint in the DFW area by looking at value-add and opportunistic acquisition targets.

“We are extremely excited to have Lamont join us,” said 29th Street Capital Managing Director Robert Bollhoffer. “He has many years of knowledge and experience in the DFW market, and a great grasp of the local market dynamics and specific location drivers.

“He will be a valuable part of the 29SC team as we continue to grow our platform. We look forward to continuing to bring our investors the types of transactions that they have come to expect from our group.”

“I am extremely excited to join 29th Street Capital and help the firm expand its presence in the DFW market,” Rattler said. “I feel the timing is right and plenty of value-add opportunities still exist in one of the strongest markets in the country.”

Robert Bollhoffer

With over 12 years of transactional experience in the Texas market, Rattler has a proven track record as a commercial real estate and investment sales professional.

Most recently, Rattler was a Director in the Dallas office of Cushman & Wakefield’s Multifamily Advisor Group, leading investment sales on over 80 transactions with a combined value of $1 billion.

His responsibilities included managing all aspects of transactions including sourcing opportunities, client advisory services, asset valuation, investment driver analysis, contract negotiations and closing transactions. 

Previously, he worked in the financial services industry as an asset manager, managing a $6 billion CMBS portfolio with Wells Fargo, and a financial analyst structuring more than $200 million worth of loans at Atherton Capital. Rattler earned his MBA with a real estate concentration at UNC’s Kenan Flagler Business School.

In addition to sourcing and completing acquisitions, his responsibilities at 29SC include complete oversight of the projects including selecting third-party management and overseeing all capital projects, marketing/design and dispositions.

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

Terri Thornton

Partner, Thornton Communications

p:404-932-4347 | e:Terri@TerriThornton.com | w:www.TerriThornton.com

http://www.facebook.com/pages/Thornton-Communications/112101288827299 http://twitter.com/Ttho http://www.linkedin.com/in/TerriThornton

www.29thstreetcapital.com.

HFF closes sale of 3-building industrial center in southeast Houston, TX

  

Ellington Trade Center, Southeast Houston, TX

Rusty Tamlyn

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Ellington Trade Center, a three-building industrial project totaling 513,800 square feet and 18.23 acres of developable land in southeast Houston, Texas.

HFF represented the seller, a partnership between KDC and Harbert Real Estate Fund III, LLC (HREF III).  Lincoln Property Company, through its investment advisory affiliate, Lincoln Advisory Group, purchased the property on behalf of an institutional client for an undisclosed price. 

Situated on more than 36 acres at 12552, 12554 and 12556 Highway 3 in Houston’s Southeast Industrial submarket, Ellington Trade Center is across the street from Ellington Airport, which was recently approved by the Federal Aviation Administration as a launch site for future space plane fights.

 The asset is just south of the intersection of Interstate 45 and Sam Houston Tollway (Beltway 8) and proximate to the Port of Houston.  The 98.6-percent-leased center is home to national and local tenants, including FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing.

 Ellington Trade Center features 24’ and 28’ minimum clear heights, dock high configuration, 200’ shared truck courts and 18.23 acres of developable land for a potential future industrial property.

Trent Agnew

HFF’s investment sales team was led by senior managing director Rusty Tamlyn and director Trent Agnew.

“We are happy to announce the closing of this transaction after completing a targeted marketing effort on behalf of our seller,” Agnew said. 

“Lincoln Advisory Group recognized the upside potential that the offering presents via the development tract as well as the rent roll of tenants that need to be at this location in order to service the expanding population base on the south and southeast sides of Houston.”

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

Kristen M. Murphy

Director, Marketing

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.harbert.net.

www.kdc.com.

  

Berger Commercial Realty Awarded Exclusive Sales Listing for $7.7 Million Portfolio of Six Properties in Broward County, FL Totaling 235,000 Square-Feet

St. George Guardabassi

FORT LAUDERDALE, FL -- Berger Commercial Realty was recently awarded the exclusive sales listing for a portfolio of six properties in Tamarac totaling 234,935 square-feet of space.

Senior Vice Presidents St. George Guardabassi and Keith Graves will handle the sales efforts for the properties, which have a combined listing price of more than $7.7 million.

 Encompassing 5.39 acres of land, retail and industrial space, the properties are owned and occupied by affiliates of AMC Furniture Liquidators, which plans to consolidate operations and relocate within the South Florida market.

"This significantly sized commercial parcel is located at the epicenter of the sought-after greater Fort Lauderdale market with premier exposure and frontage on Commercial Boulevard," Guardabassi said. 

"The properties may be sold as a portfolio or individually, presenting a prime redevelopment opportunity for hotel, retail, self-storage or mixed-use development."

The portfolio consists of:

·     3705 W. Commercial Blvd., a 30,656-square-foot freestanding office/showroom and warehouse building situated on an 89,000-square-foot lot that is listed at $3.675 million and features 18-foot ceilings, dock-high loading and exterior signage opportunities;

·     a 44,500-square-foot land parcel, listed at $1 million, on W. Commercial Blvd. adjacent to the other the properties;

·     3803 W. Commercial Blvd., a 10,064-square-foot retail building located on a 43,659-square-foot lot that is listed at $1.5 million and consists of a 3,500-square-foot bay and a 6,564-square-foot bay;

·     3801 NW 50th Street, a 14,280-square-foot industrial building located on a 45,181-square-foot lot that is listed at $980,000 and offers dock-high loading and 14-foot ceilings;

·     5005-5007 N.W. 37th Ave., a 3,256-square-foot warehouse situated on a 7,345-square-foot lot that is listed at $396,561 and consists of six separate bays with grade-level overhead doors;

·     and 5011-5013 NW 37th Ave., a 2,000-square-foot industrial building located on a 5,250-square-foot lot that is listed at $243,438 and consists of two bays, one with a mezzanine level.

Keith Graves

"Together and individually, these properties offer multiple opportunities for an investor and/or developer to secure a prime frontage parcel in the path of growth," Graves said.

"There are numerous hotels, banks and national retailers along the Commercial Boulevard corridor. This, coupled with a new nearby 420-unit multi-family development, Atlantic Cypress Creek, and proximity to Fort Lauderdale Executive Airport and major highways, make the portfolio a great opportunity for the long run."

The properties are in proximity to the proposed Schlitterbahn Waterpark and treehouse-inspired deluxe hotel accommodations, which are slated for development on 64 acres of city-owned land adjacent to Fort Lauderdale Executive Airport, the former spring training home of the New York Yankees and Baltimore Orioles.

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Ackerman & Co. closes $23 million sale of Braselton 85 Distribution Center in Braselton, Ga.

  

Braselton 85 Distribution Center, Braselton, GA

Atlanta, GA  – Ackerman & Co. announced it has completed the $23.2 million sale of Braselton 85 Distribution to Cabot Partners. The 440,165-square-foot, Class “A” bulk distribution center is less than two miles from I-85 and the Georgia Highway 211 interchange in Braselton, Ga. in the Jackson County corridor.

Kris Miller

The LEED Silver certified property is 100 percent leased to California-based Petco, who recently signed a 192,461-square-foot, five-year lease at the center, and Kichler Lighting who occupies the remaining balance of 247,704 square feet.

Braselton 85 Distribution Center is located in the sought-after I-85 Northeast submarket, approximately 50 miles northeast of Atlanta. 

The submarket has quickly become a prime logistics area, attracting a great deal of household name brand tenants including Mizuno, Whole Foods, Carter’s, Hitachi and Havertys.

“With vacancy in the low seven percent, high quality bulk warehouse product in the I-85 Northeast submarket is extremely competitive,” said Ackerman & Co. President Kris Miller.

“There are just a handful of bulk projects delivering in the next year and only two are over 550,000 square feet,” he added. Ackerman & Co. is set to deliver Braselton Logistics Center – a new one-million-square-foot bulk distribution center in Jackson County – first quarter 2017. 

Richard Banjo

Ackerman & Co. partnered with Artemis Real Estate Partners in November 2013 to purchase Braselton 85 Distribution Center for $14.1 million.

“The Ackerman team created significant value at the property and the investment returns exceeded our expectations,” said Artemis Managing Principal Rich Banjo.  “Atlanta continues to exhibit very strong growth and is a target market for our investment funds.”

CBRE’s Brian Budnick, Chris Riley and Frank Fallon marketed the property on behalf of Ackerman & Co. and Artemis Real Estate Partners. 

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

Fara Wilson

Vice President

Director of Marketing and Communications

P: 770.913.3904    C: 678.358.2060    F: 770.913.3965

www.artemisrep.com

www.ackermanco.com

HFF arranges $65 million acquisition financing for two Class A multi-housing properties in Austin, TX

Cielo Apartments, 3499-3501 Ranch Road 620 South, West Austin, TX

DALLAS, T -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $65 million in financing for the acquisition of Cielo and Madrone, two Class A, garden-style multi-housing communities totaling 554 units in west Austin, Texas.

Campbell Roche

HFF worked exclusively on behalf of Toronto, Canada-based Starlight Investments Ltd., to place the seven-year, floating-rate loan with a national bank.  The newly developed properties were completing lease-up and nearly stabilized when the financing closed.

The adjacent properties are located at 3499-3501 Ranch Road 620 South approximately seven miles southwest of Lake Travis.  Completed in 2014, Cielo has 28 three-story buildings situated on 38 acres that house 326 one-, two-, and three-bedroom units 

The Madrone is situated on 40 acres directly adjacent to Cielo and was completed in 2015.  The eight-building property has 228 one-, two- and three-bedroom units. 

Both properties include amenities such as resort-style swimming pools with sun decks, outdoor lounges, grilling stations, fire pits, state-of-the-art fitness centers with yoga/spin studios, clubhouses with Wi-Fi, lounges with televisions, game rooms, full entertaining kitchens, business centers and detached garages. 

The HFF debt placement team representing the borrower was led by senior managing director Matt Kafka and director Campbell Roche.

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.starlightinvest.com

www.starlightus.com

.

HFF arranges $136.5 million sale of The Residence Buckhead Atlanta

The Residence Buckhead Atlanta, East Paces Ferry Road NE, Atlanta, GA

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged the $136.5 million sale of The Residence Buckhead Atlanta, a 370-unit, luxury high-rise apartment community situated within the Buckhead Atlanta mixed-use development in Atlanta, Georgia.

Megan Thompson

HFF marketed the asset exclusively on behalf of the developer, OliverMcMillan, to Simpson Housing® LLLP (Simpson Housing).  HFF previously worked on behalf of the developer to arrange construction financing funding the development of Buckhead Atlanta in 2013.

Completed in late 2014, The Residence Buckhead Atlanta (The Residence) is the residential cornerstone of Buckhead Atlanta, OliverMcMillan’s award-winning mixed-use project.

 Located along East Paces Ferry Road NE in the exclusive Buckhead neighborhood, The Residence encompasses two 20-story towers featuring luxury finishes and unrivaled amenities, including a resort-style pool, manicured courtyard, state-of-the-art fitness center, theatre, study, conference room, demonstration kitchen and concierge service.

Buckhead Atlanta blends sophisticated architectural design, artful storefronts, rich amenities and lush landscaping to comprise the ultimate street scene dynamic in the southeastern United States.

 The luxury project has 300,000 square feet of upscale, open-air retail and eateries leased to high-end tenants including Hermès, Christian Louboutin, Tom Ford, Jimmy Choo, Warby Parker, Diptyque, Brunello Cucinelli, Flywheel, Doraku Sushi, Gypsy Kitchen, Le Bilboquet, The Southern Gentleman and Shake Shack.

 Additionally, the project is home to 100,000 square feet of boutique office space serving as the corporate headquarters of Spanx Inc.

Jason Nettles

The HFF investment sales team representing the seller was led by senior managing directors Jason Nettles and Trey Morsbach and director Megan Thompson.

“This sale highlights the strength of Atlanta’s rental market and its ‘renter-by-choice’ demographic as well as the capabilities of all the parties involved in this transaction,” said Nettles.

 “OliverMcMillan delivered the premier multi-housing asset in the southeast with this project, and a Simpson Housing joint venture executed flawlessly in adding to their portfolio of best-in-class assets. 

“Bolstered by the strength of the neighboring Shops Buckhead Atlanta, The Residence represents a landmark investment in luxury multi-housing amid a trophy mixed-use environment."

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.simpsonhousing.com

www.olivermcmillan.com.

WoodSpring Hotels Adds Two Additional New Hotels to the Austin, TX Market

  

Ron Burgett

Austin, TX — WoodSpring Hotels, the nation’s fastest growing extended-stay hotel company, has entered into an agreement with Tanuj Nathan and Vinesh Kumar to develop two new WoodSpring Suites Signature hotels in the greater Austin, TX market.

The new locations are in the Austin sub-markets of Buda and Georgetown, TX.  Nathan and Kumar own and operate several hotels with multiple brands through their management company, MVK Hospitality. This marks their first venture with WoodSpring Hotels.

WoodSpring Hotels currently has three open properties in the Austin market and one under construction.

“Our attraction to WoodSpring Hotels stemmed from their precise operating model through corporate owned developments and we like the fact that this particular company has leadership experience in the space and a lot of skin in the game,” said Tanuj Nathan and Vinesh Kumar, managing partners. 

“Our team conducted extensive research before deciding to enter into a franchise partnership with WoodSpring Hotels.”

“Nathan and Kumar are strong partners with the hospitality expertise to join our ranks of experienced developers,” said Ron Burgett, executive vice president of franchise development and operations for WoodSpring Hotels.

“This team is exactly the type of franchisee we look for to help us grow. Our existing Austin locations support the regions high guest demand, and these new Signature locations will complement our existing properties.”

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

PATRICK DALY

OFFICE MANAGER

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-300-8289

patrick@dalygray.com

 www.dalygray.com

www.WoodSpring.com.

Paul Carr Joins Cushman & Wakefield’s Tampa-Based Senior Housing Team

Paul Carr

TAMPA, FL, Aug.  18, 2016 – Cushman & Wakefield announced today that Senior Managing Director Paul Carr has joined the firm’s Tampa-based senior housing team of Executive Managing Director Allen McMurtry, Senior Managing Director Megan Fetter and Senior Managing Director David Kliewer.

Carr is a 12-year capital markets veteran, who prior to joining the senior housing team, was a member of Cushman & Wakefield’s Capital Markets Group in Tampa where he was responsible for representing private, institutional and corporate clients in the acquisition, disposition and analysis of investment properties throughout Florida.

 He previously served in a similar role with DTZ and Cassidy Turley. Carr has extensive transactional experience, having been directly involved in sales of approximately 15 million square feet and totaling more than $1.5 billion during his career.

McMurtry, Fetter and Kliewer have a combined 67 years of experience representing publicly traded companies, institutional real estate investment advisors, lenders, bond trustees, not-for-profits and private owners throughout the United States. The team has closed 168 senior housing transactions in 32 states valued at more than $2 billion.

Megan Fetter

“I’m extremely honored and excited to team up with Allen, Megan and David,” said Carr. “They have established themselves as one of the preeminent senior housing teams in the U.S., and I look forward to combining our collective skill sets to continue to offer our clients the highest level of service, in addition to growing the senior housing capital markets platform within Cushman & Wakefield.”

Added McMurtry, “Paul is a tremendous addition to our team. His incredible understanding of capital markets, transactional expertise and relationships he has forged with industry investors over the past 12 years are of great value to our clients.”

Prior to joining Cushman & Wakefield, Carr was a member of CBRE’s Investment Properties Group, and also worked in Trammel Crow Company’s Capital Markets Group handling office and industrial investment sales throughout Central and North Florida.

Carr graduated with a Bachelor of Science in Business Administration and a Master of Science in Finance from the University of Florida.

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

David A. Meyer

Owner

Meyer Media 

+ 1 407 489 7488

david@meyer.media

Cohen Commercial Realty Signs Advanced Audiology In New South Florida Lease Transaction

Bryan S. Cohen

Hallandale, FL —Bryan S. Cohen, Jason Guralnick and Scott Witkowski of Cohen Commercial Realty, Inc., announced the signing of Advanced Audiology to lease a 656-square-foot space at 7th Avenue Village located at 645 W Hallandale Beach Boulevard in Hallandale.  

They join WingStop, T-Mobile, Marco’s Pizza, and more.  Cohen Commercial represents the landlord in this transaction.

Cohen Commercial Realty, Inc., is a full-service commercial real estate brokerage firm dedicated to fulfilling client needs quickly and efficiently throughout the South Florida market and beyond.

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

Donna Cordes

561.471.0212 Office

561.471.5905 Fax

donnacordes@cohencommercial.com

www.cohencommercial.com