Saturday, October 22, 2016

HFF secures $43 million financing for mid-rise apartment community in Dallas, TX


John Brownlee
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $43 million in financing for Alexan Fairmount, a 368-unit, Class AA mid-rise apartment community in Dallas’ Oak Lawn neighborhood.
  
HFF worked on behalf of the borrower, Pure Multi-Family REIT LP, to place the 12-year, fixed-rate loan with Cigna Investments.  Loan proceeds were used to acquire the property.

Alexan Fairmount is situated one block east of the Dallas North Tollway adjacent to the Maple Avenue restaurant district.  

Positioned near Dallas’ largest employment and entertainment destinations in Uptown, the Medical District, Old Parkland Campus and the central business district, the property is surrounded by the city’s top retail, dining, cultural and nightlife attractions.

 Completed in 2015, the five-story property wraps around a central pool plaza with fire pit and has additional amenities, including an outdoor gourmet kitchen with grilling station, wellness studio with CrossFit-inspired equipment, yoga and spin room, tanning studio, relaxation garden, bark park with pet grooming station, cyber cafĂ©, social lounge, electronic vehicle charging stations and an access-controlled parking garage.  Alexan Fairmount’s one- and two-bedroom units incorporate luxury finishes such as keyless entry, plank flooring, 10-foot ceilings, spa showers and gourmet kitchens with granite countertops, glass-paneled cabinetry, wine racks and stainless steel appliances.

The HFF debt placement team representing the borrower was led by senior managing director John Brownlee and associate director Michael Cosby.

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 closes sale of fully-leased retail center in Elizabethtown, PA


  
Market Street Square, 1605-1641 South Market Street, Elizabethtown, PA

 
Chris Munley
PHILADELPHIA, PA  –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Market Street Square, a 169,856-square-foot, fully-leased, grocery-anchored retail center in Elizabethtown, Pennsylvania.     
                         
HFF marketed the property on behalf of a publicly-traded REIT.  Nassimi Realty LLC, purchased the asset free and clear of existing debt.

Market Street Square is anchored by Weis Markets, Kmart and Dollar General and is also home to national and regional tenants, including Sleepy’s, Sherwin Williams, Subway and Fulton Bank.

The property has an area for a future development or ground lease on a pad site located at the entrance to the center. 

Situated on 18.6 acres at 1605-1641 South Market Street, Market Street Square is located in the dominant retail and commercial corridor in Elizabethtown, a Lancaster County community in southern Pennsylvania approximately 21 miles south of downtown Harrisburg.

The HFF team representing the seller was led by managing director Chris Munley and senior managing director Jose Cruz and associate director Michael DiCosimo.

“Grocery-anchored retail positioned within secondary markets continues to remain in high demand,” Munley said.  “This asset in particular offered the ability to add further value through development and leasing opportunities.”

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


Stonemark Managing Barringer Square Apartments; Firm Managing 29SC’s Fifth Houston-Area Community

  
Walt Lamperski
Atlanta, GA – Multifamily property management firm Stonemark Management has been contracted to manage another Houston-area community for 29th Street Capital (29SC).

Stonemark is now leasing Barringer Square Apartments, formerly know as Clear Lake Condominiums. It is also supervising a $2 million renovation of the community, which has 284 one- and two-bedroom apartments.

29th Street Capital, a privately-held real estate investment and advisory firm, acquired the Webster, Texas community in late September. Stonemark now manages seven communities for 29SC, including five in or near Houston.

“We are excited about the opportunity to make a big difference in this community,” said Stonemark President Walt Lamperski. “Marketing, leasing and supervising large renovations like this are our strong points, and we look forward to continuing to work closely with 29SC. Our goals and skills are well-aligned,” he added.
  

“We are very excited about this asset’s potential and are looking forward to implementing and executing our business plan with the Stonemark team,” said Javier Bustillo, 29SC’s Senior Vice President of Acquisitions for Texas and Georgia.

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

Terri Thornton
Partner, Thornton Communications

Friday, October 21, 2016

HFF arranges $13.6 million financing for Aurora, CO townhome apartment community

  
Alvista Highline Townhome Apartments, 11135 East Alameda Avenue, Aurora, CO


 
Josh Simon
 DENVER, CO -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Alvista Highline, a 90-unit townhome apartment community in Aurora, Colorado.

HFF worked exclusively on behalf of the borrower, Advenir, Inc., to secure the 10-year, floating-rate loan with five years of interest only through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.  Advenir will rebrand the property as Advenir@Del Arte Townhomes and will operate in conjunction with the neighboring Advenir@Del Arte apartment community.

Alvista Highline is located at 11135 East Alameda Avenue near Interstate 225 to the east and the Anschutz Fitzsimons Medical Center redevelopment to the north.  Other surrounding amenities include Buckley Air Force Base, the prestigious Cherry Creek North retail corridor, the recently-renovated Town Center at Aurora and the High Line Canal Trail. 

The property, which is approximately nine miles southeast of downtown Denver and a short distance from the future Aurora City Center light rail station, offers a mix of one- and two-bedroom floor plans. 

Eric Tupler
Originally built as condominiums, the eight-building, two-story property features homes with spacious floor plans, one-car attached garages, private entrances and energy-efficient appliances.  

The property also encompasses six, privately-owned condominiums, which were not part of this transaction.

The HFF debt placement team representing Advenir, Inc. was led by managing director Josh Simon and senior managing director Eric Tupler.

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 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