Tuesday, October 11, 2016

Hubbard Street Dance Chicago retains HFF to advise on potential new facility


Hubbard Street Dance Center, 1147 West Jackson Boulevard, Chicago, IL
                                                                                                                                         (Photo by Bill Zbaren)


CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has been retained as a strategic advisor to address Hubbard Street Dance Chicago’s long-term facility needs in the Chicago area.

Founded in 1974 as a public facility for dance classes, with its professional performing ensemble following in 1977, Hubbard Street has grown to become a pillar of Chicago’s cultural community. 


Sarah Albrecht

Today the organization comprises a company of 18 world-renowned dancers performing across the U.S. and abroad; the Lou Conte Dance Studio, offering more than 70 classes per week in various techniques for dancers of all abilities; intensive training programs for pre-professional and early-career performers and choreographers; and extensive youth, education, community, adaptive dance and family programs that engage young people and parents, students attending public schools throughout Chicago and its surrounding suburbs, people with Parkinson’s and children on the autism spectrum.

Jeff Bramson
To accommodate Hubbard Street’s significant growth and to create capacity for future expansion, the organization is exploring alternatives to its current home, the Hubbard Street Dance Center.

 Located at 1147 West Jackson Boulevard at South Racine Avenue, this 53,000-square-foot facility is situated in the West Loop neighborhood, near the Interstate 90/290 interchange, the University of Illinois at Chicago and the Chicago Transit Authority’s (CTA) Blue Line station at Racine.

The HFF team representing Hubbard Street is led by senior managing directors Jeff Bramson and Jaime Fink, managing director Danny Kaufman and director Amy Sands.

“Change is a core component of Hubbard Street’s identity,” says Sara Albrecht, chair of Hubbard Street’s Board of Directors.  “The organization’s strength has always been its willingness to evolve continuously in response to the dynamic field of contemporary dance.

“ Multiple options are available to us as we look toward Hubbard Street’s promising future, and still more will be identified and clarified through this assessment process.  We are excited to work closely with HFF in exploring all of these possibilities.”

  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 | hfflp.com


HFF closes sale of 104-unit boutique apartment building in Harrison, NJ

  
221 Bergen Apartments, Harrison, NJ


Jose Cruz

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 221 Bergen, a 104-unit boutique apartment building in Harrison, New Jersey.

HFF marketed the property exclusively on behalf of the seller, a joint venture between The Hampshire Companies and CrownPoint Development Group, Inc.  The TAK Group purchased the asset free and clear of existing debt.

Completed in 2015, 221 Bergen features studio, one- and two-bedroom market-rate units with high-end finishes, including stainless steel appliances, quartz countertops, wood cabinetry, pendant lighting, faux wood plank flooring and in-unit washers and dryers. 

Common area amenities include a 24-hour fitness center with cardio equipment and yoga room, resident lounge, business center, smartphone security/intercom system, remote-operated garage parking and a furnished rooftop terrace with views of Newark and New York City. 

Situated on a 1.48-acre site at 221 Bergen Street in Harrison’s walkable downtown, the property is near the Harrison PATH train station, Interstate 280 and Newark Liberty International Airport.

Kevin O'Hearn
The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Stephen Simonelli and Michael Oliver and associate director Marc Duval.

“Harrison continues to attract both private and institutional investors given the access to transportation and quality new construction,” stated Cruz.  “221 Bergen is a great example of the types of quality multi-housing properties that are in high demand in the New Jersey market.”

 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 | hfflp.com


Monday, October 10, 2016

BOMA of Miami-Dade Hosts Symposium and Trade Expo Oct. 21; Navy Seal Robert J. O’Neill Key Speaker

  
Robert J. O'Neill
MIAMI, FL -- The Building Owners and Managers Association (BOMA) of Miami-Dade is hosting the BOMA MIAMI Symposium Friday, October 21, 2016. 

The full day program and trade expo will focus on the future of property management in commercial real estate.

The symposium, a power-packed one day event open to the public, will be held at Miami’s Jungle Island. All-inclusive registration fees begin at $88 with promo code BOMANOW (through October 14th.)

The event’s keynote speaker is Navy Seal Robert J. O’Neill who is best known for having fired the shots that killed Osama bin Laden during the raid on his Abbottabad compound on May 2, 2011.  O’Neill is an expert in the importance of building and leading a successful team. 

The event will showcase innovative and emerging trends in commercial real estate management and will provide a roadmap for the next generation of property managers. The symposium sessions include:


Osama bin Laden
·         The Department of Energy (flown from Washington DC) presenting on the Green Building Challenge.

·         The Regional FBI Headquarters presenting on commercial building security, cybersecurity; and also emails (what is legal and what a business user should be careful with).

·         The final session will feature O’Neill. His 45 minute motivational speech is titled “Never Quit”

The sessions are followed by the opening of the Exposition featuring:

·         National vendors that are bringing new-to-market products for commercial office buildings.

·         Local vendors that are featuring the latest products in an interactive format. You’ll be able to experience product demonstrations.

·         10 minute, fast paced “Learning Labs” featuring a presentation on center stage taking place throughout the duration of the Exposition.

For program information including registration for the event sponsored by Genea click here.

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

Maria Gomez
Executive Director BOMA Miami-Dade

TEL: 305-200-8721

Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Pad in Hesperia, CA




Tuscany Plaza, Greenwood Village, Denver, CO

CORONA DEL MAR, CA  - Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm represented the buyer and seller in the off-market sale of a 13,940-square-foot multi-tenant retail pad, shadow-anchored by a new Walmart Supercenter at 13325 Main Street in Hesperia, Calif.

Eric Wohl
The sale price was $8.5 million, yielding a cap rate of 5.33 percent. The transaction represents a record-low cap rate for a fully-leased multi-tenant retail pad over 10,000 square feet in the Inland Empire since 2008, according to CoStar.

Hanley Investment Group Executive Vice President Eric Wohl represented the seller, Pacific Development Group of Newport Beach, Calif.  Hanley’s Senior Vice President Patrick Kent represented the buyer, SHA Enterprises, Inc. of Irvine, Calif. 

The retail property is located in San Bernardino County at the Hesperia Marketplace Shopping Center at the hard-corner signalized intersection of Main Street and Escondido Avenue in Hesperia, near the Interstate 15 freeway.

Built in 2015, the multi-tenant building is occupied by national and regional tenants including Pieology Pizzeria, The Habit Burger Grill, Firehouse Subs, Yogurtland, Great Clips, Nutrishop and Metro PCS. The Walmart Supercenter-anchored shopping center also includes a 10,000-square-foot Petco.

“Utilizing Hanley Investment Group’s weekly strategy meeting, we leveraged our long-standing relationship with Pacific Development Group to connect a motivated 1031 exchange buyer with an off-market listing to fulfill the requirement,” said Wohl. “We were also able to facilitate a new corporate lease with Daniel’s Jewelers prior to closing to bring the property to 100 percent occupancy.”


Patrick Kent
According to Kent, “The buyer closed escrow in 45 days without requiring a financing contingency.” 

Kent also said that having Walmart and Petco as anchors, the hard-corner, signalized intersection location, proximity to the I-15 freeway, and that 91 percent of the building’s space was occupied by credit tenants were all factors that made this property very appealing to the buyer.

Wohl recently completed the sale of a similar Walmart shadow-anchored asset in Ontario, Calif., on behalf of Pacific Development Group. The multi-tenant retail pad sale in Ontario achieved a record-low cap rate and the highest price per square foot for a multi-tenant pad building shadow-anchored by Walmart in California, according to CoStar.

“This is the second property that Hanley Investment Group has sold for us within a 30-day period,” said Bob Lewis, partner at Pacific Development Group who handled the sale for the firm. “We were not motivated to sell the property; however, based upon the value they assured us they could achieve, the strength of the buyer that they represented and the success we have had with Hanley Investments in selling our properties, we decided to move forward with the transaction.”

“Multi-tenant outparcels to big box retail is a product type that is in very high demand,” said Wohl. “This type of retail asset is a relatively low-risk option for investors due to the high-exposure location, diversity of corporate and regional tenants, and a strong traffic-driving anchor like Walmart. Additionally, investors can typically spread out their risk over multiple tenants versus single-tenant assets.”

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

Anne Monaghan                                           Eric Wohl / Pat Kent
Monaghan Communications                         Hanley Investment Group
830.997.0963                                                949.585.7673 / 949.585.7672



HFF arranges $30.6 million in financing for Tuscany Plaza in suburban Denver, CO


Tuscany Plaza, Greenwood Village, Denver, CO

Jim Curtin
DENVER, CO, Oct. 10, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $30.6 million in financing for Tuscany Plaza, a 260,000-square-foot, Class A office asset in the southeastern Denver suburb of Greenwood Village.

HFF worked on behalf of the borrower, Crescent Real Estate LLC, to secure the seven-year, 3.45 percent, fixed-rate loan through a correspondent life insurance company.

Tuscany Plaza is located at 6312 South Fiddlers Green Circle adjacent to the Arapahoe at Village Center light rail station at the northwest confluence of Arapahoe and Interstate 25 in Greenwood Village.

  The 90-percent-leased trophy office building features a courtyard with outdoor art and walking trails, and structured parking.  Notable tenants include Red Robin and Xanterra Parks and Resorts.

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

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com

Saturday, October 8, 2016

Lincoln-Managed 55 Allen Plaza in Atlanta, GA Earns BOMA 360 Designation for Excellence in Building Management

  
55 Allen Plaza, Atlanta, GA

 
Shane Froman
ATLANTA, GA –  Lincoln Property Company’s (Lincoln) 55 Allen has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International. 

The BOMA 360 Performance Program® validates and recognizes commercial properties that demonstrate best practices in building operations and management.

“Our tenants and owners deserve best-in-class service and a superbly managed building,” said Shane Froman, vice president of property management for Lincoln. “The BOMA 360 Performance Program has given us a meaningful way to demonstrate our commitment to excellence and we are thrilled to receive this important recognition.”

“We are proud to designate 55 Allen Plaza as a BOMA 360 Performance Building in recognition of the high standards the management team has achieved in every aspect of building operations and management,” said BOMA International Chair John G. Oliver, BOMA Fellow, managing principal for Oliver & Co.

 “By achieving the BOMA 360 designation, the management of 55 Allen Plaza has demonstrated to their owners, tenants, prospective tenants and the community that this property is being managed to the highest standards of excellence."

John G. Oliver
The BOMA 360 Performance Program is a groundbreaking building designation program that evaluates properties in six major areas: building operations and management; life safety/security/risk management; training and education of building personnel; energy management; environmental/sustainability performance; and tenant relations and community involvement.

The BOMA 360 Performance Program takes a holistic approach to evaluating a building’s operations and management and benchmarks a building’s performance against industry standards. The program comes at a critical time, as building owners and managers are looking to differentiate themselves in a demanding market.

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

Savannah Durban
The Wilbert Group
404-343-0870


JLL Q3 Phoenix Office Report Notes Still Falling Vacancies and Rising Rents


 
John Bonnell
PHOENIX, AZ – The Phoenix office of JLL has released its Q3 2016 Phoenix Office Report, highlighting benchmarks including the lowest vacancies since 2008 and still-rising rents. Still, Phoenix remains one of the most affordable office markets on the West Coast.

“More companies are recognizing that Phoenix has an extremely strong labor pool and very affordable cost of living,” said JLL Managing Director John Bonnell. “All three of these factors are big wins for companies seeking to escape the high prices of Northern California or other primary markets.”

“New York-based Oscar is an example of this,” said JLL Executive Vice President Ryan Bartos, referencing the health insurance company’s recent move into 95,000 square feet at The Circuit, at 615 S. River Dr. in Tempe.

“Oscar was excited that Phoenix not only provided affordable real estate but that cool, creative office product was available in our market. The company is also very focused on providing their employees with a strong quality of life and liked the fact that Phoenix has so much to offer.”

Companies like Oscar have helped reduce overall total vacancy in metro Phoenix to 19.7 percent in the third quarter, down significantly from the recessionary peak of 28.1 percent and signalling continued improvement in the market.

At 2.6 million square feet year-to-date, total positive net absorption is also on track to exceed 3 million square feet by year’s end – the highest level of absorption since 2005, when 4 million square feet was absorbed.

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

Stacey Hershauer
focusAZ
Marketing & Public Relations
(480) 600-0195

Friday, October 7, 2016

North Hill City Resort Opens its Doors in Chiang Mai, Thailand


North Hill City Resort, Near Chiang Mai, Thailand


James Hang
Chiang Mai, Thailand -- North Hill City Resort, a new five-star luxury resort near Chiang Mai, officially opened and welcomed its first guest.

 Perfect for business and leisure travelers alike, the boutique, 42-room resort offers a sophisticated and contemporary setting with outstanding views of Doi Suthep, ideal proximity to the new North Hill Golf Course and a number of unique amenities.

The opening of the new resort in Chiang Mai coincides with the recent award by Travel + Leisure, whose readers voted Chiang Mai as best city in Asia in Travel + Leisure’s “The World’s Best Cities” survey. 

“After much preparation, we are thrilled to unveil North Hill City Resort and welcome our first guests for a modern and luxurious experience in this unbelievable destination,” said James Hang, general manager of North Hill City Resort. 

“Away from the hectic pace of the city, our new property offers exceptional amenities and an ideal location for taking advantage of everything the region has to offer.”



Black Squid Ink, Thailand Specialty


Culinary enthusiasts will love the property’s new Italian restaurant the Zest, serving authentic Italian dishes with a Thai flare. 

With a modern and intimate design, the restaurant features unique menu items such as Spaghetti with Seafood and Black Squid Ink and international wines to be enjoyed overlooking the North Hill River.

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

Hwee Peng Yeo
Vice President, Asia Markets
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
Level 15, One Corporate Avenue, 222 Hubin Road, Shanghai China, 200021
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com


Newcastle Partners Sells Recently Completed Industrial Building to Parter Medical Products, LLC in Ontario, CA

  
 
Paul Earnhart
San Francisco, CA (Oct. 7, 2016) -- Newcastle Partners, Inc., a San Francisco-based real estate investment and development company, announced today it has sold Ontario Airport Distribution Center, a 102,440-square-foot Class A industrial property, for $12 million to an owner-user in Ontario, CA.

The buyer, Parter Medical Products, LLC, is a preeminent manufacturer of quality, single use, plastic, laboratory products for healthcare, medical and pharmaceutical research markets. With two locations in Carson, CA, this new facility is Parter’s first in the Inland Empire.

The property is situated on 5.12 acres at 1521 South Hellman Avenue. It features 5,000 square feet of two-story executive office space, 30’ minimum clearance height, 18 doc doors, one ground-level loading door, an ESFR sprinkler system, and offers immediate access to the 10, 15 and 60 freeways.



 Paul Earnhart of Lee & Associates represented the buyer. Jeff Bellitti and Mike McCrary of JLL represented Newcastle Partners.

Jeff Bellitti
Over the past two years, Newcastle has acquired, developed or sold in excess of 2 million square feet of industrial property in the region, and the firm plans to be even more aggressive for the balance of 2016.

“Newcastle continues to be bullish on developing quality industrial facilities in the Inland Empire,” said Jackson Smith, partner with Newcastle Partners. “Because industrial occupancies are extremely hard to find in the adjacent counties of Orange and Los Angeles, and as demand remains robust for larger spaces, we see this market as one that will have longevity for distribution, warehouse and manufacturing users well into the future.” 

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


Avanath Capital Management Expands Portfolio


The Lodge at Peasley Canyon, Seattle, WA

SEATTLE, WA -– Avanath Capital Management, an institutional fund manager that invests in affordable and workforce housing, has acquired two workforce housing assets including The Lodge at Peasley Canyon, a 339-unit property in Seattle, Washington, and Harbor Pointe, a 34-unit property in Ft Lauderdale, Florida, for a total of $84.8 million. 

Avanath purchased Harbour Pointe with joint-venture partner Oak Tree Residential.

“Each of these assets presents an opportunity to leverage market growth while also preserving much-needed workforce housing in cities that have experienced some of the highest rent increases in the nation,” says John Williams, President and Chief Investment Officer of Avanath.

John Williams
A recent Axiometrics report ranked Seattle as the third highest market for annual effective rent growth in the United States, while a local news report cites continued year-over-year rent increases in Broward County, Florida.

“Amidst this rent growth, there is a severe shortage of quality workforce housing that caters to middle-income families in major urban cores throughout the nation,” continues Williams. 

“Our investment strategy is to capitalize on this underserved market sector by acquiring and repositioning well-located workforce housing assets in high-rent markets in order to generate attractive risk-adjusted returns, while also providing workers with high-quality housing they can afford.”

Since 2008, Avanath has acquired and managed more than 41 affordable and workforce housing properties totaling over 7,000 units across the nation, targeting assets near major employment hubs in supply-constrained markets.

The two workforce housing investments recently acquired by Avanath include:

The Lodge at Peasley Canyon

Avanath acquired The Lodge at Peasley Canyon, a 339-unit workforce housing community in Seattle, for $73.3 million.

“Seattle has recently emerged as one of the fastest-growing metros in the nation, making this a highly attractive market for multifamily investors,” says Williams. “The region is quickly gaining ascendancy as one of the premier tech hubs in the Pacific Northwest, with a demographic profile and rent growth similar to that of the Bay Area. Situated in this thriving tech corridor,

Haarbor Pointe. 2201 Southeast 18th Street
Fort Lauderdale, FL
“The Lodge at Peasley Canyon is uniquely positioned to cater to middle-income tech support workers that are unable to afford new luxury apartments or other expensive options.”

Williams notes that Seattle is home to Fortune 500 companies such as Amazon, Starbucks, Microsoft, and Nordstrom, which has fueled a luxury apartment construction boom in recent years.

Harbor Pointe

Avanath and Oak Tree Residential have acquired Harbor Pointe, a 34-unit workforce housing community in Fort Lauderdale, Florida, for a total consideration of $11.5 million.

“Harbor Pointe is an extremely well-appointed community that is also one of the most affordable apartment complexes on the ocean side of Fort Lauderdale. The property is well-positioned to attract workers in the hospitality and cruise industries,” says Williams, who notes that tourism is the market’s second largest industry, employing more than 180,000 people throughout the county.
  
 For a complete copy of the company’s news release, please contact:

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

Shopoff Realty Investments Acquires Las Vegas Apartment Community

  
William Shopoff
LAS VEGAS, NV – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced the company has acquired a 624-unit apartment community in northwest Las Vegas for $72.6 million. In line with the company’s strategy, there is a possibility of the addition of a co-investor in the near future.

The property, Sky Pointe Landing Apartments, is a Class B community constructed in 1996 and located at 5850 Sky Pointe Drive off the U.S. 95 highway and near the I-215 interchange. The property boasts a variety of one, two and three bedroom floorplans with two clubhouses and two pools throughout the community.

“This apartment community is located in a terrific neighborhood, but is in need of an update,” said William Shopoff, chief executive officer of Shopoff Realty Investments. 

“As a market, Las Vegas is coming back from the depths of the 2008 Great Recession, with steady job growth a greatly reduced inventory of shadow market single family homes which is helping to push market rents and occupancy for apartments across the Las Vegas Valley.”

“While the property is in great shape for being 20 years old, we are planning to invest over six million dollars into enhancing the existing community amenities and updating the unit interiors,” said David Placek, executive vice president of Shopoff Realty Investments. “Our strategy is to bring the asset up to modern standards, improving the living experience for the residents and with that, the value of the asset.” 

 Shopoff Realty Investments has a 24-year history of real estate investing. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.

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

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701


MVP REIT and MVP REIT II Close $30 Million Credit Facility with KeyBank National Association

  
 
Michael Shustek
SAN DIEGO, CA – MVP REIT, Inc. and MVP REIT II, Inc. (the “REITs”), both publicly registered non-traded real estate investment trusts, entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility with accordion expansion options to increase the facility size up to $100 million. 

The initial term is two years and matures on October 5, 2018.

“The closing of this facility marks a milestone for the REITs,” said Michael Shustek, chairman and chief executive officer of MVP REIT, and president, chief executive officer and chairman of the board of MVP REIT II.

 “It will provide both companies with increased flexibility and a reduced cost of capital which should facilitate the growth of their portfolios of parking assets.”
  
 For a complete copy of the company’s news release, please contact:

Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703


HFF closes $8 million sale of two buildings in New York’s Hudson Valley region


100 and 110 Crystal Run Road, Hudson Valley, Middletown, NY

 
Rob Hincklley
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $8.0 million sale of two adjacent buildings totaling 68,831 square feet in the Hudson Valley community of Middletown, New York.

The offering consists of 100 and 110 Crystal Run Road, which are located in the healthcare-focused district of Middletown, near the recently completed Orange Regional Medical Center.

 The properties have immediate access to Interstate 84 as well as close proximity to Route 17, Interstate 87 and the Port Jervis Line, a commuter rail line offering access to Manhattan. 

The 43,518-square-foot 100 Crystal Run Road is fully leased to law, consulting and healthcare companies, including DaVita Dialysis Center and Cornerstone Environmental Group, which operates its national headquarters at the property.  110 Crystal Run Road is a 95-percent-leased office building totaling 24,480 square feet.  Major tenants include Orange Regional Medical Center and Prime Time Early Learning Center. 

The HFF investment sales team representing the seller was led by managing director Rob Hinckley, directors Stephen Simonelli and Michael Oliver and senior managing director Jose Cruz.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com


HFF arranges $62 million financing for 7-property retail portfolio in the Carolinas, Georgia and Mississippi


One of seven retail centers financed in North and South Carolina, Georgia and Mississippi

Kevin Mackenzie
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North and South Carolina, Georgia and Mississippi.

HFF worked on behalf of the borrower-sponsor, Cole Credit Property Trust IV, Inc. (CCPT IV), to place the seven-year, fixed-rate loan with Voya Investment Management.  HFF will service the loan.

Of the seven properties in the portfolio, three are in South Carolina near Charleston and Greenville-Spartanburg:  Walmart Neighborhood Market at 10635 Dorchester Road in Summerville (Charleston), Poplar Springs Plaza at 2153 East Main Street in Duncan (Greenville-Spartanburg) and Tire Kingdom & Starbucks at 1820 North Highway 17 in Mount Pleasant (Charleston MSA).

 The portfolio also includes two Georgia properties, Albany Square at 2707 Dawson Road in Albany and East-West Commons at 1757 East-West Connector in Austell (Atlanta); Morganton Heights at 400 Henredon Road in Morganton, North Carolina, and The Ridge at Turtle Creek in Hattiesburg, Mississippi.

 All properties in the portfolio are anchored by national retailers, including Walmart Neighborhood Market, Publix, Academy Sports, Belt, Dick’s, T.J. Maxx, Ross Dress for Less, Hobby Lobby and Bealls. 

Greg Brown
The HFF debt placement team representing the borrower consisted of senior managing director Kevin Mackenzie, director Greg Brown and associate director Cory Fowler.

“Using our marketing process and the strength of the sponsorship coupled with the cross collateralization of the portfolio, we were able to provide the client with multiple balance sheet lender options and, ultimately, were able to close with an excellent lender in Voya within the client’s desired timeframe,” Brown said.

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 | www.hfflp.com


Waterton Appoints Robert Brashler as General Manager of DoubleTree Pittsburgh Airport


Patrick Hansen
CHICAGO / PITTSBURGH  (Oct. 6, 2016) – Waterton, a U.S. real estate investor and operator, today announced it has appointed Robert Brashler as general manager of the DoubleTree by Hilton Hotel Pittsburgh Airport in Moon Township, Penn.

Bringing over 15 years of hospitality management experience to the company, Brashler will oversee day-to-day operations at the 135-key hotel, leading a team of more than 100 on-site associates.

“Robert’s rich experience in hospitality management throughout the East Coast, paired with his strong human resources and revenue management background, make him uniquely qualified to serve as general manager of the DoubleTree Pittsburgh Airport,” said Patrick Hansen, senior vice president of operations at Waterton.

“Throughout his career, Robert has demonstrated an ability to deliver exceptional guest experiences by placing an equal emphasis on the happiness and satisfaction of the associates who ultimately shape those experiences. It’s a philosophy that aligns perfectly with Resitality, our goal of making hotel guests feel at home during their stay and on-site associates feel like they’re part of the Waterton family.”


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

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527