HFF arranges refinancing for 1400 Crystal Drive in Arlington, VA

1400 Crystal Drive, Crystal City submarket of Arlington, VA

Cary Abod

 WASHINGTON, D.C. – September 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged refinancing for 1400 Crystal Drive, a newly-renovated, 308,898-square-foot, trophy office building in the Crystal City submarket of Arlington, Virginia.

HFF worked on behalf of an affiliate of Lowe Enterprises Investors to place the floating-rate loan with KKR Financial.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

Renovated in 2013, 1400 Crystal is the premier office building in Crystal City offering 30’ x 30’ column spacing for open plan buildouts, and floor-to-ceiling glass providing expansive views of Washington, D.C. and the Potomac River.

 Tenants enjoy a full amenity package including a fitness center, rooftop terrace, conference center and a club room with flat screen TVs, a foosball table and various electronic games.

 Located in the heart of Crystal City, 1400 Crystal has direct access to the D.C. Metrorail system and is less than a half-mile from Ronald Reagan National Airport, two miles from the Pentagon, and less than three miles from downtown Washington, D.C. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

“The borrower has signed leases with 11 tenants since completing the renovation, including seven different association groups and a host of private-sector businesses,” said Abod.  “Tenants have elected to lease at 1400 Crystal for the features that make it the top building in Crystal City: best-in-class tenant build-outs, unrivaled views and the array of amenities.”

For a complete copy or 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

WoodSpring Suites Signs Franchise Agreement for Sacramento, CA

Ron Burgett

Sacramento, CA — WoodSpring Hotels, the nation’s fastest growing, extended-stay hotel brand, has entered into an agreement with local hotel developer Northgate Investment Group, LLC, to develop a WoodSpring Suites in Sacramento, Calif., near the Natomas area.

The California-based developers will build a new prototype 123-unit WoodSpring Suites in Sacramento.  The projected opening date is late 2017. 

This franchised location will mark the brand’s second prototypical build in the state of California with multiple other sites in the pipeline.

“WoodSpring is a great fit for us.  Our focus is to develop, own and operate hotel assets in the greater Sacramento area,” said a partner at Northgate Investment Group, LLC. “WoodSpring Hotels has a very simple, but precise, operating model that we like, and combined with WoodSpring’s franchise support system and its above average NOI percentage, we felt this brand was the right choice for us.” 

“Northgate Investment Group is a highly engaged hotel owner and operator ready to develop the WoodSpring Suites brand in Sacramento. They are a great example of an owner/operator franchisee that will fit well into our family of franchisees, and we are excited to partner with them,” said Ron Burgett, EVP of franchise development and operations for WoodSpring Hotels.

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

Chris Daly

President

Daly Gray Public relations Inc.

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

Paul P. Partyka elected to Board of Directors of New Hope for Kids in Maitland, FL

  

 

Paul P. Partyka

Maitland, FL – Paul P. Partyka, founder of The Partyka Group, a partner at Orlando-based NAI Realvest, and former Winter Springs Mayor, was recently elected to the Board of Directors for New Hope For Kids, a Maitland-based 501(c)(3) organization.  

New Hope for Kids has been helping Central Florida children in need since 1996 through its programs that bring hope, healing and happiness to children and families suffering from grief, loss or life threatening illnesses.

Partyka, who has been recognized for many professional and community leadership roles in Central Florida for decades, will help promote the organization and its efforts which are funded through donations by individuals, corporations, foundations and community service organizations. 

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

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

Pulte Homes Exceeds Goal, Raises $76,350 for The Children’s Home in Tampa, FL

Presenting the check with vendors and trade partner sponsors of the first annual Building to Make Lives Better Golf tournament hosted by Pulte Homes at Avila Golf & Country Club in Tampa are:

(L to R) Sean Strickler, president/West Florida Division of Pulte Homes; Irene Rickus, president/CEO, The Children's Home; Johnny Migliacci, director of National Accounts for Rosen Materials (a platinum sponsor); Angela Phillian, president of Angela Drywall; Jim Phillips, general manager for Rosen Materials; Mario Correa, field manager of Direct Cabinet Sales.

Sean Strickler

TAMPA, FL  --- The first annual Tampa Building to Make Lives Better Golf Tournament hosted by Pulte Homes at Avila Golf & Country Club raised $76,350 for The Children’s Home exceeding a goal of $50,000.

Sean Strickler, division president for Pulte Homes in the West Florida division, said the tournament was a sell out, they had 100 players registered even two weeks before the tournament. 

          

The proceeds, according to Strickler, will help fund The Pulte Promise, a program aimed at restructuring the vocational building for the older children for continued learning, as well as supporting the maternity ward on campus.

“All of us at Pulte Homes are proud and excited to be partnered with The Children’s Home,” Strickler said. 

“The enormous effort on the part of generous donors and contributors to this event is moving, and we are pleased to join hands with the entire Tampa community to assist these very deserving at-risk children and families through this incredible charity,” Strickler continued.

The Children’s Home in Tampa is a child and family-centered organization that is positioned to care for struggling families and children seeking the comfort of a loving family. Over the years, The Children’s Home has helped more than 6,000 children realize their dream of a family, and it has cared for more than 25,000 children in the Tampa Bay community.

At Avila Golf & Country Club, players in the Building To Make Lives Better Golf Tournament experienced the beautiful Jack Nicklaus-designed golf course and received gift bags courtesy of multiple donors, breakfast, lunch, and light refreshments and snacks throughout the tournament day.

For information about donating, please contact (813) 964-5110 or www.westfloridaevents@pultegroup.com

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

NAI Realvest Completes Three Industrial Leases in Altamonte Springs, FL and Office Lease in Casselberry, FL

  

 

Jeff Bloom

ORLANDO, FL --- NAI Realvest recently completed three lease agreements totaling 4,250 rentable square feet of industrial space at the Sunshine Lane industrial facility off Forest City Rd. and SR 434 in Altamonte Springs.  

Jeff Bloom, CCIM vice president at NAI Realvest, brokered the three transactions representing the Landlord Mesar, LLC of Orlando and the local tenants – Twilight Teeth who leased 1,500 square feet; Central Florida Solar who leased 1,250 square feet, and Gutter Helmet of Central Florida, Inc. who renewed the lease for 1,500 square feet. 

At Wilshire Plaza, 178 Wilshire Blvd. in Casselberry, NAI Realvest Vice President Mary Frances West, CCIM and Principal Tom R. Kelley, II, CCIM, brokered the lease of 2,121 square feet of office space representing the new tenant, Advanced Foot & Ankle LLC of Winter Garden and the landlord, Wilshire Plaza, LLC of Winter Park.

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

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

HFF closes $68.2 million sale of and arranges $43.3 million financing for Sepulveda Center in West Los Angeles, CA

Sepulveda Center, 3415 South Sepulveda Boulevard, West Los Angeles, CA

Ryan Gallagher

LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $68.2 million sale of and arranged $43.3 million in financing for Sepulveda Center, an iconic, Class A office tower totaling 178,157 square feet in West Los Angeles, California.

HFF marketed the property on behalf of the seller, KBS Capital Advisors, and procured the buyer, an affiliate of The Swig Company.  Additionally, HFF worked on behalf of the new owner to secure the three-year, floating-rate loan through MetLife Real Estate.

Sepulveda Center is situated at the intersection of the I-405 and I-10 Freeways at 3415 S. Sepulveda Boulevard in West Los Angeles. 

This location has visibility from more than 375,000 cars per day on I-405 and is within close proximity to Silicon Beach and the newly-constructed LA Metro Expo line’s Sepulveda Station. 

The surrounding areas of Culver City and Playa Vista boast average median housing values of $860,000, 43 percent higher than the media value in greater Los Angeles County.  The 12-story property is 83 percent leased to a mix of media, technology and financial tenants. 

The new owner will implement a capital improvement plan that will update the lobbies, bathrooms and outdoor facilities as well as expand the common building amenities.

   

Andrew Harper

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, director Andrew Harper and senior managing director Michael Leggett, who is also co-head of HFF’s West Coast team.

HFF’s debt placement team was led by senior managing director Bruce Ganong and director Jeff Sause.

  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.swigco.com.

www.kbs.com.

NAI Realvest completes Four Lease Agreements at West Orlando, FL Industrial Centers totaling over 15,800 Square Feet

Patty Nolff

WINTER GARDEN, FL – NAI Realvest recently completed four lease agreements for industrial space totaling 15,825 rentable square feet in Carter Commerce Center at 890 and 902 Carter Rd. in Winter Garden and at 940 W. Oakland Ave. in Oakland.

Michael Heidrich, a principal at NAI Realvest and Associate Patty Nolff represented local landlord Carter Commerce Center LLC, in a new lease of 5,625   square feet at 902 Carter Rd. The tenant is Motion Industries, Inc. of Birmingham, Ala. who was represented by Justin Ruby of Foundry Commercial. 

Heidrich and Nolff also negotiated a new lease with Top Style International, Inc. for 3,750 square feet at 890 Carter Rd. and a lease renewal of 3,750 square feet at 902 Carter Rd. with Logsdon and Associates, Inc.

In Oakland Heidrich and Nolff brokered a lease for 2,700 square feet at 940 W. Oakland Ave. representing landlord Countyline Suites LLC. Stratus Construction & Roofing, LLC is the new tenant.

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

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

HFF arranges $5.54 million in joint venture equity for Southern California retail center

  

Olivera Plaza, Victoria Avenue and Channel Islands Boulevard, Port Hueneme, CA

Greg Brown

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $5.54 million in joint venture equity for the acquisition of Oliveira Plaza, a 116,000-square-foot retail center in the Southern California community of Port Hueneme.

HFF worked on behalf of Progression REI to arrange joint venture equity with an institutional equity investor.

Oliveira Plaza is situated on 9.31 acres at the premier intersection of Victoria Avenue and Channel Islands Boulevard.  The center, which is located in an affluent area of Ventura County, is directly adjacent to the Channel Islands Marina and is surrounded by 133,276 residents within a three-mile radius.

 Partially renovated between 2012 and 2013, Oliveira Plaza comprises six single-story buildings that are 92 percent leased.  Approximately 80 percent of the property income is generated by national credit tenants, including Big Lots, Bank of America, Rite Aid, Citibank, West Marine, Dollar Tree, Panda Express and Carl’s Jr. 

The HFF equity placement team representing Progression REI was led by director Greg Brown and associate Jamie Kline. 

“Oliveira Plaza meets our objectives because it is a great location within its market, it has a terrific lineup of tenants and it produces attractive returns for our investors,” said Jim Howard, Progression REI’s managing partner. 

“HFF played an integral role in successfully completing this transaction.  We were extremely impressed by Greg and Jamie’s execution, professionalism and perseverance throughout a long and challenging acquisition process.”

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.progressionrei.com

NAI Realvest Completes Three Lease Agreements for Class A Office Space totaling 6,400+ rentable square feet in Orlando, FL

Mary Frances West

ORLANDO, FL – NAI Realvest recently completed three lease agreements for Class A office space at Landmark Center One, University Court and The Citadel III in Orlando that total more than 6,400 rentable square feet

Mary Frances West, CCIM, Vice President at NAI Realvest, represented the local tenant, Seal Shield, LLC in a new lease of 1,704 square feet at Landmark Center One, 315 E. Robinson St.  The landlord, HIW-KC Orlando, LLC d/b/a Highwoods Properties, Inc. was represented by Dave Ayers of Highwoods Properties.

West represented the landlord, Interchange-FL Rouse, LLC of Daytona Beach, in a lease renewal agreement with the tenant, ESP Management of Florida, Inc. for 3,882 square feet at University Court, 3361 Rouse Rd. in East Orlando. 

West brokered a renewal lease for the 824 square feet in Suite 290 of The Citadel III building at 5950 Hazeltine National Drive near Orlando International Airport.  Altenesol, LLC is the tenant and Citadel Partners, LTD of Orlando is the landlord.

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

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

   

Meridian Capital Group Arranges $3.2 Million in Acquisition Financing for the Purchase of a Multifamily Property in West Palm Beach, FL

Blue Heron Apartments, 1500 West Blue Heron Boulevard, Riviera Beach, FL.

New York, NY – Meridian Capital Group, America’s most active debt broker, arranged $3.2 million in acquisition financing for the purchase of a multifamily property located in West Palm Beach, FL on behalf of Maxiplex LLC.

The five-year non-recourse loan, provided by a balance sheet lender, features a fixed rate of 3.30% and a step-down prepayment penalty. This transaction was negotiated by Meridian Vice President, Peter Martz, who is based in the company’s Boca Raton, FL office.

Peter Martz

Blue Heron Apartments, is located at 1500 West Blue Heron Boulevard in Riviera Beach, FL. The five two-story apartment buildings total 72 units and are 33% occupied by month-to-month tenants. The property was acquired by foreign national borrower whose plans included significant capital improvements to boost income as well as new lease requirements for tenants.

“As a result of detailed plans for future renovations we were able to negotiate 79% of the current appraised value with the lender,” explained Mr. Martz. “Meridian was able to prevent the deferred maintenance from affecting the client’s proceeds,” he added.

“We emphasized the overall value of the property and came up with a creative solution with the lender and borrower and closed the transaction in less than 60 days.”

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

Jonathan Stern

Meridian Capital Group

212/972-3600

jstern@meridiancapital.com

www.meridiancapital.com

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

ohennessey@hfflp.com

www.hubbardstreetdance.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

ohennessey@hfflp.com

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

mgomez@boma-miami.org

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

www.pdgcenters.com

www.hanleyinvestment.com

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

krmurphy@hfflp.com