Friday, October 21, 2016

HFF closes sale of and secures financing for 152-unit multi-housing community in central Austin, TX


The Parker Apartments, 5106 Lamar Boulevard, Central Austin, TX

AUSTIN, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured financing for The Parker, a 152-unit multi-housing community in central Austin.

HFF marketed the property exclusively on behalf of the seller, Icon Urban Group, LLC.  Austin Capital Advisors purchased the asset for an undisclosed amount.  In addition, HFF assisted the new owner in securing a seven-year, fixed-rate acquisition loan through LStar Capital.

The Parker is situated on 4.87 acres at 5106 North Lamar Boulevard immediately northeast of the convergence of North Lamar Boulevard and West Guadalupe Street. 

Casey Wenzel
Originally constructed in 1967 and extensively renovated in 2015, the property is designed in a retro modern style and is convenient to downtown, The University of Texas and major transportation arteries such as Interstate 35 and Mopac Expressway. 

The Parker has a mix of one-, two- and three-bedroom floor plans averaging 643 square feet with community features, including two resort-style swimming pools with cabanas; outdoor bar; barbecue and picnic areas; life-size outdoor chess board and croquet; 24-hour fitness center; dog run; and a courtyard with fire pits and reflection pool.  The property also offers guest rooms for short-term lease.

The HFF investment sales team representing the seller was led by director Forrest Bass.

HFF’s debt placement team representing the buyer was led by director Casey Wenzel.

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


KTGY Architecture + Planning Welcomes Joe Hirsch as Director of Business Development


Joe Hirsch
CHICAGO, IL — The Chicago/Midwest office of KTGY Architecture + Planning, an award-winning national architecture and planning firm, has welcomed Joe Hirsch as director of business development.

 In this role, Hirsch will be responsible for further penetrating the Midwest market by establishing new client relationships. He will also focus on expanding services for the firm’s clients nationally.

“Joe has built strong relationships within the architectural, engineering and design industries, and is a great complement to our growing team,” said David M. Kennedy, principal at KTGY Architecture + Planning’s Chicago/Midwest office. “We’re looking forward to leveraging his business development strategies as we continue to grow our footprint in the Midwest.”

Hirsch, 54, brings more than 15 years of experience in marketing professional services in the residential and commercial real estate sectors. Over the years, he has worked on projects spanning a variety of property types, including multifamily, healthcare and mixed-use developments.

David M. Kennedy
Most recently, Hirsch served as director of business development for Berglund Construction and The Opus Group. Prior to that, he spent several years leading business development efforts for Nagle Hartray Architecture.

“Since opening our Chicago/Midwest office a year ago, we’ve doubled our staff and established a strong presence in the Midwest,” said Craig Pryde, AIA, LEED AP, principal at KTGY's Chicago/Midwest office. “We’re confident Joe’s expertise will build upon that success.”

Hirsch earned a bachelor’s degree in environmental conservation from the University of Colorado Boulder and has completed graduate coursework at the Illinois Institute of Technology’s Stuart School of Business.

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528


Wednesday, October 19, 2016

Englewood Construction Completes Blain’s Farm & Fleet in Romeoville, IL

  
 
William Di Santo
                                                         
CHICAGO, IL (OCT. 19, 2016) – Englewood Construction, one of the country’s leading commercial construction firms, announced its retail group has completed the ground-up construction of a 120,690-square-foot Blain’s Farm & Fleet in Romeoville, Ill.

Located at 451 S. Weber Road, the store opened in October as the national retailer’s 37th location and its nearest to Chicago. Charlotte, N.C.-based Little Diversified Architectural Consulting was the project architect.
              
“As a national contractor, we pride ourselves on our ability to create a seamless experience for retailers as they expand their geographic footprint,” said William Di Santo, president of Lemont, Ill.-based Englewood Construction. “This project gives Farm & Fleet its first presence in Will County, enabling them to reach a new group of shoppers in Chicago’s popular southwest suburbs.”

Di Santo noted the Farm & Fleet project illustrates a trend in the retail sector of big box retailers opting for out-of-the-ground construction in new locations, allowing them to reimagine their physical space in order to enhance the brand experience for consumers.

 “This project is a prototype Farm & Fleet, so it’s an exciting opportunity for the brand to not only introduce a new store design, but also partner with Romeoville to develop this prime location into a vibrant retail corridor,” said Di Santo.
  
For a complete copy of the company’s news release, please contact:

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527


Select Management Resources Signs 54,958-Square-Foot Lease Renewal and Expansion in Alpharetta, GA

  
Hunter Henritze
ATLANTA, GA (Oct. 19, 2016) – Lincoln Property Company Southeast (Lincoln) has brokered the long-term extension and 7,771-square-foot expansion of Select Management Resources’ lease at Preston Ridge IV, a Class A office building located at 3440 Preston Ridge Road, Alpharetta, Georgia.

With the expansion, Select Management Resources now occupies a total of 54,958 square feet in the building, bringing the occupancy to 99 percent leased.

Hunter Henritze and Michael Howell represented the landlord, Equity Office Properties, in the transaction, and Brad Kuehn with Atlanta Office Realty represented the tenant.

“North Fulton is a highly desirable place to do business, which is reflected in the current strength of the office market,” Henritze said.

“Preston Ridge IV is a best-in-class asset and we’re excited Select Management Resources had decided to remain at the building for years to come,” added Howell.

The six-story, 150,320-square-foot Preston Ridge IV sits atop North Fulton’s highest point with unmatched views of the Atlanta skyline. The building provides easy access to Georgia 400, North Point Parkway, Old Milton Parkway, North Point Mall and is less than a mile from the Avalon shopping district, numerous restaurants, hotels and banks.

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

Savannah Durban
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)

Robert W. Baird & Co. Signs 12,435-Square-Foot Lease at Capitol Towers in Charlotte, NC

  
Campbell Walker
CHARLOTTE, NC  (Oct. 19, 2016) — Robert W. Baird & Co. has signed a new 12,435-square-foot lease at Capitol Towers South Tower, located in Charlotte, North Carolina.

Campbell Walker of Lincoln Harris represented the landlord, Piedmont Row Drive LLC, in the transaction, and Brian White and Chase Monroe of JLL represented the tenant.

“Capitol Towers is an ideal property for tenants seeking office space in the heart of SouthPark,” Walker said. “We have experienced tremendous success with Phase I, and we anticipate Phase II will be equally in demand.” 

Capitol Towers, located at 4350 Congress St., offers Class A office space with easy access to Charlotte’s Central Business District, secured underground parking and a range of dining options, including outdoor seating and gathering areas, as well as access to a range of lifestyle amenities within a one-mile radius. The project is being built to LEED Gold standards.

In total, Capitol Towers will feature 480,000 square feet of office space and 35,000 square feet of retail space. Phase I was recently completed, and includes the 236,250-square-foot South Tower, a parking deck and approximately 25,000 square feet of retail space.

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

Savannah Durban
The Wilbert Group
404-343-0870 (O) 404-901-4433 (C)




Emerson International Negotiates New Lease at its Class A Office Campus at Sanlando Center in Longwood, FL


Zac Starkey
Longwood, FL -- Emerson International recently closed on a new lease of 2,021 rentable square feet of class A office space at Sanlando Center I, its office development at 2170 W. State Road 434, West of Interstate 4 in Longwood.

Zac Starkey, broker associate at Emerson International, negotiated the transaction on behalf of the landlord Emerson. 

The new tenant is General Conference Corporation of Seventh-Day Adventists, a worldwide organization.     

Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies in the U.K. 

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

HFF arranges $39.5 million refinancing for Pittsburgh power center


Village Square Retail Center, Bethel Park area, Pittsburgh, PA

 
Claudia Steeb
PITTSBURGH, PA, Oct. 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $39.5 million refinancing for Village Square, a 392,497-square-foot, fully-leased retail power center in the Bethel Park area of Pittsburgh, Pennsylvania.

HFF worked on behalf of the borrower, Oxford Development Company, to place the 10-year, fixed-rate loan with Goldman Sachs & Co.  HFF will service the securitized loan, proceeds of which were used to primarily pay off a maturing loan.

Village Square was built in 1982 and renovated in both 1997 and 2003.  Anchored by Home Depot, Kohl’s, Burlington Coat Factory, Michael’s, Office Depot and Toys"R"Us, the two-story center is also home to a variety of national and regional tenants, including Half-Price Books, Sten’s Stride Rite Shoes, Famous Footwear and Avenues. 

Additionally, the center’s outparcel pads are leased to Olive Garden, TGI Friday’s, Pennzoil and PA Wine & Spirits.  Situated in Bethel Park on 31.4 acres at 4000 Oxford Drive, Village Square’s locale at the intersection of Fort Couch Road and U.S. Route 19 places it in the heart of Pittsburgh’s South Hills, one of the most densely populated and affluent areas in Pittsburgh.  The center is approximately 10 miles from downtown Pittsburgh.



John Pelusi






HFF’s debt placement team was led by managing director Claudia Steeb and executive managing director John Pelusi.

“HFF appreciates the opportunity to place this loan on behalf of Oxford Development with Goldman Sachs,” Steeb said. 

Oxford has been active in the South Hills area since 1962 when they broke ground with their inaugural project, South Hills Village Mall, and most recently with the renovation of the Crowne Plaza Hotel & Suites Pittsburgh South.  

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


HFF hires Brett Segal as a managing director in its Philadelphia office

  
 
Brett Segal
 PHILADELPHIA, PA, Oct. 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Brett Segal as a managing director in its Philadelphia office.  Mr. Segal will focus on office investment sales in Greater Philadelphia and throughout the northeastern United States.

Mr. Segal has more than 10 years of commercial real estate experience and joins HFF from Newmark Grubb Knight Frank, where he was a director of capital markets in their Philadelphia office.

 In this role, he specialized in the sale of office, industrial, retail, multi-housing and development sites with more than $1.4 billion of closed transactions totaling more than 10 million square feet. 

Prior thereto, Mr. Segal was an asset manager for institutional clients at Grosvenor Fund Management, where he managed separate accounts for various domestic pension funds and international clients. 

His diverse real estate career began as an auditor at KPMG specializing in REITs and insurance companies.  Mr. Segal holds a Master of Business Administration degree from Villanova University and a Bachelor of Science degree from The Pennsylvania State University, Smeal College of Business. 


Doug Rodio
HFF’s Philadelphia office opened with five employees in 2013, and today has a total of 24 transaction professionals, analysts and support staff for an increase of roughly 420 percent.

“Brett is one of the most respected leaders in the Philadelphia commercial real estate industry and we are extremely excited to have him on the HFF team,” said Doug Rodio, senior managing director and co-head of HFF’s Philadelphia office.

 “We’ve quickly but methodically grown the Philadelphia office with best-in-class recruits that embody the HFF culture of teamwork and putting our clients first.  Brett is a perfect cultural fit and we are pleased to have him on board.”

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



The Keyes Company Names Kevin Leonard Vice President of Luxury in Palm Beach, FL


 
Kevin M. Leonard
PALM BEACH, FL,  Oct. 19, 2016 – The Keyes Company and its multiple brands, including Illustrated Properties, has named Kevin Leonard Vice President of its Luxury Division.

 Leonard will be instrumental in the growth of all of Keyes’ luxury platforms and its $1 million-plus luxury residential portfolio.  

Leonard has more than a decade of experience in the luxury sector. He was previously the Director of Luxury Real Estate for Keyes. Leonard is now moving into a newly created position that focuses exclusively on luxury.

Prior to working for Keyes, Leonard headed his own company called Valore Group Real Estate. He started the company in his mid-20s at the height of the recession.

“Kevin has done a tremendous job of executing and scaling our luxury division,” said Keyes CEO Mike Pappas. “It was a pivotal point in the company’s history when we brought him on, and he has continued to strengthen our position in the luxury market.”


Mike Pappas


“I’m very excited for the opportunity to be in charge of this division and focus on growing it even further,” said Leonard. “Keyes is committed to providing white-glove service for our luxury clients. The South Florida luxury market is in a healthy place right now, as the needs of both the deal-oriented and worth-oriented buyers are being met.”

In 2011, Leonard decided to join forces with Keyes. Serving Palm Beach since its launch a decade ago, Valore Group has seen consistent double-digit growth in luxury sales each year.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate. In addition to Valore Group, Keyes has Platinum Properties, which is also a division of Keyes Luxury. The combined companies are a premier luxury leader.

Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

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

Ashley Fierman
Account Executive, BoardroomPR
O 954-370-8999
C 954-330-1554
Bank of America Plaza | 1776 N. Pine Island Road

Suite 320 | Plantation, FL 33322

EagleBridge Capital Arranges $9.5 Million Permanent Mortgage Financing For Boston Apartment Complex


8-12-16 Harvard Terrace, Allston Neighborhood, Boston, MA
Boston, MA -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $9,500,000 for 8-12-16 Harvard Terrace located in the Allston neighborhood of Boston.

The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated that the loan was provided by a major commercial bank.

The apartment complex is composed of three attached luxury apartment buildings which were completely renovated with the renovation completed in 2016 and are 100% leased.

The buildings contain a total of 24 spacious apartments composed of 18 three bedroom/two bath units and 6 two bedroom/one bath units. 

The units feature luxury finishes with hardwood floors and fully equipped designer kitchens with stainless steel appliances, granite countertops, and contemporary cabinetry. Each unit has a private balcony or patio.

Brian D. Sheehan
Located on a quiet street in the heart of Allston Village, 8-12-16 Harvard Terrace is within easy walking distance of area shops, cafes, restaurants, and pubs and is within close proximity to downtown Boston, the Longwood Medical area, and Cambridge.    The location of the complex offers easy access to public transportation as well as the Massachusetts Turnpike which is less than five minutes away.

Ted M. Sidel
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and  r & d buildings, shopping centers,  hotels, condominiums and mixed use properties as well as special purpose buildings.

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

Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext. 300
FAX: 617.292.7575


Tuesday, October 18, 2016

HFF expands its Atlanta investment sales team with hiring of John Barton as managing director


John Barton
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired John Barton as a managing director in its Atlanta office to focus on office investment sales transactions in Atlanta and the Southeastern United States. 

Mr. Barton will join managing director Ralph Smalley and associate director Kelly Kuykendall to continue the growth of HFF’s office investment sales practice in Atlanta.

Mr. Barton has more than 20 years of commercial real estate experience and most recently served as a senior vice president and managing director at Parkway Properties, Inc. 

During his 16-year career at Parkway Properties, he facilitated more than $1.5 billion of office acquisitions and dispositions, and was involved in joint ventures, leasing and operations for the firm as well.

  Prior to joining Parkway, Mr. Barton served as an asset manager for approximately two million square feet of office buildings, underwrote and negotiated CMBS loans and practiced business law including commercial real estate.  He graduated magna cum laude from Southern Methodist University and received a Juris Doctor degree from Washington and Lee University School of Law. 

Mr. Barton is member of the Buckhead Coalition, on the Board of Directors of the Buckhead Community Improvement District and is an officer of the West Paces Neighborhood Association.

“We are so pleased to welcome John as a member of the HFF team,” said Jason Nettles, senior managing director and co-head of HFF’s Atlanta office.  “He is a well-respected veteran in the commercial real estate world with tremendous success across a variety of platforms in the industry.”

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


Capital Square 1031 Completes DST Offering of 101-Unit Townhome Community in Tucson, AZ


 
Louis Rogers
 TUCSON, AZ – Capital Square 1031 announced its Delaware statutory trust offering, CSRA Galeria del Rio, DST, comprised of a 101-unit Class A townhome community in Tucson, Ariz., has been fully subscribed by investors.

Located at 5132 N. Prairie Clover Trail, Galeria del Rio includes 35 two-story buildings and a community clubhouse. The two-story luxury townhomes range in size from three-bedroom to four-bedroom units, each complete with 2.5 bathrooms, an attached two-car garage and a small private enclosed back yard. The property, completed in December 2014, is situated on approximately 11.5 acres of land.

“Galeria del Rio is a high quality townhome community situated in a central location within Arizona’s second largest city,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. 

“The property provides residents with easy access to many social and recreational opportunities, employment centers, including a variety of employers in the national defense industry, and Northwest Medical Center. 

“We are pleased to complete this offering, the 24th DST Capital Square 1031 has closed since its founding in late 2012.”

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

Julie Leber
 Spotlight Marketing Communications
 949.427.5172, ext. 703


Avison Young completes four new leases for 24 Hour Fitness in Southern California


24-Hour Fitness, Orange County, CA


 
Keith Kropfl
Orange County, CA — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated four new leases with 15-year terms on behalf of 24 Hour Fitness.

The four leases total 157,500 square feet (sf), with three locations in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, and one in the City of Riverside within Riverside County.

Avison Young Principal Keith Kropfl and Associate Michael Ganz, based in the company’s Orange County office, represented 24 Hour Fitness in all four transactions.

“Avison Young worked closely with 24 Hour Fitness to identify strategic locations and negotiate long-term leases with favorable terms,” comments Kropfl.

 “The majority of these new locations for the tenant are within spaces that were vacated as previous tenants went dark. I believe this is testimony not only to the growth and success of 24 Hour Fitness, but also to the resiliency of the Southern California retail market.” 

Following is information on each lease:

 Santa Ana: The lease totals 40,000 sf and is located at 1350 W. Edinger within Plaza Edinger. The new 24 Hour Fitness location will open in the first quarter of 2017 and will be the anchor tenant at the property, which includes Smart & Final and Factory-4-U. The space was formerly an O’Reilly Auto Parts Super Store. Kropfl and Ganz also represented the landlord, Plaza Edinger, LLC.

Michael Ganz
Huntington Beach: The leased space totals 33,500 sf and is located at 9051 Atlanta Avenue within Huntington South Center. The 24 Hour Fitness gym will open in the first quarter of 2017 and will occupy a space that was previously an Albertsons. Other tenants within the center include H&R Block, Juice It Up!, Subway, and Starbucks. The landlord, Huntington South Center, LLC was represented by CBRE.

Fullerton: The 46,000-sf leased space is located at 130 E. Imperial Highway in Fullerton. The new 24 Hour Fitness will open in the second quarter of 2017 and will be within a space formerly occupied by Office Depot. Other tenants at the center include Best Buy and Floor and Décor. The landlord, Fiesta Distribution, LLC, was represented by CBRE.

Riverside: The leased space totals 38,000 sf and is located off the 91 Freeway at 3490 Madison Street within Madison Plaza. 

The center is currently under construction and 24 Hour Fitness is anticipated to open its doors once development is completed at year-end 2017. The ownership group, HFC/PRP Madison, LLC, represented itself.

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

Darcie Giacchetto
949.278.6224





New Castle Hotels & Resort and Southwest Properties Break Ground on first Marriotts in Dartmouth, Nova Scotia, Canada





At the sod turning for the Residence Inn/Courtyard by Marriott in the Dartmouth Crossing lifestyle center in Dartmouth, Nova Scotia.  L-R Gerry Chase, president and COO New Castle Hotels & Resorts, Fred George, president and CEO JLK Global Investments (also an honorary general in the Canadian Armed Forces) Jim Spatz, chairman and CEO Southwest Properties Ltd, David Buffam, CEO New Castle Hotels & Resorts, Manlio Mariscotti, vice president development Marriott Canada, Mike Savage, Mayor Halifax.
.
  
SHELTON, Conn. )— Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, along with Southwest Properties of Halifax, Nova Scotia and JLK Global Fund International broke ground on a 178-key Courtyard by Marriott/Residence Inn hotel in Dartmouth, Nova Scotia.  The dual-branded hotel will be the first Marriotts in the city.


Gerry Chase
The project is estimated for completion in Q3 2018 and will include a 106-room Courtyard by Marriott and 84-suite Residence Inn in the Dartmouth Crossing lifestyle center and in close proximity to the Burnside Business Park, the largest eastern seaboard business park north of Boston or east of Montreal.  The park is home to 2000 enterprises and more than 30,000 employees.

“The dual-brand configuration has been tremendously successful for us in other urban areas like downtown Syracuse, NY where land acquisition is costly,” said Gerry Chase, president and COO of New Castle.  “I feel very confident that this project, with known and trusted development partners, and a proven product mix, will be completed in a timely fashion and ramp up quickly to serve the unmet needs of the Dartmouth business community.”

“Dartmouth Crossing is rapidly expanding with iconic brands and is attracting business travellers working in the greater Halifax region,” noted Jim Spatz, chairman & CEO for Southwest Properties.


Jim Spatz

“The hotel is well placed in an area that is becoming a primary shopping destination for Maritime Canada and an athletic hub for Halifax with the new four-pad ice arena and the existing Harbour East soccer and football fields.   We believe in Dartmouth Crossing because of our great success with the hotel we built and opened with New Castle Hotels in 2009.”

New Castle and Southwest have partnered previously on the Residence Inn Moncton, New Brunswick, the Hampton Inn and Suites by Hilton Halifax-Dartmouth in Nova Scotia and The Algonquin Resort in St. Andrews, New Brunswick. 

“Today’s travelers have varying and specific needs, and over 35 years, we’ve found that the combination of an upscale select service hotel, coupled with an extended stay product is an ideal way to satisfy most guests,” said Chase. “The nearest Marriott hotels are across the bridge in Halifax, so I’m sure that these two hotels will be very well received, particularly by the points-conscious business traveler.” 

 Global Fund International is a private investment company with Fred George, President and CEO

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

Lauralee Dobbins
Write Touch Public Relations
609-451-5102




OliverMcMillan Hires Real Estate Industry Leader Michael O’Hanlon as Chief Operating Officer and Promotes Two Executives


Michael O'Hanlon

SAN DIEGO, CA (Oct. 18, 2016) –  OliverMcMillan, one of the largest, most progressive leaders in the field of mixed-use real estate development in the U.S., announced today the hire of senior real estate manager and industry veteran Michael O’Hanlon as the firm’s new Chief Operating Officer.

The firm also promoted two key executives, Jeff Zeigler and Eric Buchanan.

Zeigler, a member of OliverMcMillan’s Executive Committee, was promoted to Senior Managing Director of Asset Management & Leasing. Buchanan was promoted to join the Executive Committee and lead the firm’s development activities as Senior Managing Director of Development.


Jeff Zeigler
“We recognize that our people are our greatest assets and today’s executive appointments demonstrate our ongoing commitment to remain ’best in class‘ and position OliverMcMillan for continued success,” said OliverMcMillan’s Chief Executive Officer, Dene Oliver.

The privately-held firm has designed, developed and managed over eight million square feet of award-winning, mixed-use projects, with a total project value exceeding $3 billion and is currently developing new projects with a value of approximately $3 billion. 

Through both private and public partnerships, OliverMcMillan’s expanding real estate portfolio includes retail, entertainment, creative office, hotel and residential projects throughout the United States.

O’Hanlon will be responsible for implementing the company’s strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company’s growth. O’Hanlon will report directly to Oliver and will provide oversight of all company divisions.

 O’Hanlon has over 35 years of comprehensive experience in real estate management, development, portfolio strategy operations, capital markets transactions and joint ventures. He has directed two major U.S. real estate company’s asset management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion respectively, and most recently served as CEO and President of Behringer Harvard’s opportunity-style real estate investment trusts.

Eric Buchanan
 Prior to Behringer Harvard, he held the position of COO and President of Billingsley Company and was CEO and President of Inland Western Retail REIT. O’Hanlon has been a member of Urban Land Institute’s (ULI) Urban Development/Mixed-Use Council; National Association of Real Estate Investment Trusts (NAREIT); and International Council of Shopping Centers (ICSC).

 He is a graduate of Fordham University and earned a master’s degree from Columbia University Graduate School of Business.

 Zeigler joined OliverMcMillan in 2011 and most recently led the Retail Services group, where he was responsible for retail leasing at OliverMcMillan and oversaw retail lease negotiations, tenant coordination, project merchandising and property marketing for the company’s new and existing properties.

 In his new role as Senior Managing Director of Asset Management & Leasing, Zeigler will oversee both leasing and asset management of the firm’s property portfolio. Some of his current projects include: The Shops and Offices Buckhead Atlanta, six city blocks of world-class retail, restaurants and cafes in Atlanta, Georgia; River Oaks District, 850,000 square feet of luxury retail, dining, offices, hotel and residences in Houston, Texas; and retail requirements for OliverMcMillan’s portfolio of mixed-use development.

Dene Oliver
Buchanan joined OliverMcMillan in 2012 as a Development Director. In his new role as Senior Managing Director of Development, Buchanan will lead all development and construction activities for the firm and will be responsible for seeking and vetting potential mixed-use development acquisitions.

Under Buchanan’s direction, OliverMcMillan has several projects under way including Fifth + Broadway, a major mixed-use development planned for downtown Nashville, Tennessee, which will transform Nashville’s former convention site into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment;

Clayton Lane, a multi-block mixed-use redevelopment in the heart Cherry Creek North in Denver that features Whole Foods and Crate & Barrel; Tustin Legacy, a planned new urban village-style mixed-use project in the heart of Orange County, California, which will uniquely incorporate the historic blimp hangar situated on the 123-acre former Marine Corps air station site;

 Laundry Lofts, a planned 22-story mixed-use residential and commercial development located in the East Village area of Downtown San Diego, California; SALT, a four-story, amenity-rich 265-unit, Class A apartment community in Tempe, Arizona, ideally located near Arizona State University and the Mill Avenue Entertainment District, and next door to the new State Farm campus currently under construction; and Symphony Honolulu, which features 388 luxury residential condominiums in an amenity-rich environment as well as JN Exotics, Hawaii's premier luxury auto dealer.

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

Anne Monaghan
MONAGHAN COMMUNICATIONS, INC.
830.997.0963