Xebec Announces the Formation and Initial Capitalization of Xebec Industrial Trust, LP in Dallas, TX

 

Kevin MacKenzie

DALLAS, TX –– Xebec announced today the formation and initial capitalization of Xebec Industrial Trust, LP, a sector-specific real estate investment entity exclusively focused on the acquisition and selected development of industrial properties primarily in target markets positively impacted by the growth of eCommerce in the United States. 

Xebec Industrial Trust seeks to provide institutional, family office and high-net worth qualified investors with “Core Plus” returns from stabilized cash flowing assets coupled with build-to-core strategies.

In connection with the formation and capitalization transaction, Holliday Fenoglio Fowler, L.P. (HFF) arranged a $46 million loan for the fully-leased, seven-building portfolio comprising four core industrial properties encompassing an aggregate of over 550,000 square feet in Los Angeles and Chicago area markets.

 The HFF debt placement team representing the Xebec Industrial Trust was led by senior managing director Kevin MacKenzie and senior director Brian Torp.

Brian Torp

“Industrial demand in major markets across the country is literally exploding based upon the continued expansion of eCommerce,” stated Randy Kendrick, Chief Executive Officer of Xebec, the parent of Xebec Industrial Trust’s general partner and the primary sponsoring investor in the partnership.

 “Tenant demand is clearly outstripping product supply in many key metros, and in Los Angeles and other Southern California markets tenant demand is driving rent growth that we have not seen in the past 30 years.”

 Xebec Industrial Trust acquired its first tranche of stabilized assets from the Xebec platform that Mr. Kendrick has built during his over 30-year career in industrial development.  

Many investors in the Xebec developed-projects reacted enthusiastically and demonstrated their continued confidence by contributing their interests to Xebec Industrial Trust’s initial portfolio.

“Our existing investors see the benefit of continuing their capital investment from individually developed projects into a diversified, lower-leveraged portfolio with strong cash flow provided by the initial properties contributed to form the partnership,” Mr. Kendrick observed.  

“The initial properties contributed to form Xebec Industrial Trust are of outstanding quality and most are located in key infill locations in Southern California, recognized by most industry experts as the most valuable and sought after industrial market in the country,” continued Mr. Kendrick.  “The largest of the initial properties is an approximately 343,700 square foot campus leased on a long-term basis to Lagunitas Brewing Company (a subsidiary of Heineken NV) in the City of Azusa.” 

Randy Kendrick

 “Xebec Industrial Trust was structured in response to institutional investor feedback and is part of Xebec’s commitment to seek to deliver superior risk-adjusted returns in the industrial asset class across a spectrum of investment opportunities,” said Scott Hodgkins, Xebec’s Executive Vice President. 

Mr. Hodgkins, who brings to the Xebec platform over 30 years of corporate and securities law, finance and capital markets experience working with public and private real estate companies, helped structure and lead the transactions creating Xebec Industrial Trust and will play a significant role in the external management of the partnership’s operations through Xebec Asset Management, LLC, a wholly-owned subsidiary of Xebec. 

“We believe there continues to be tremendous investor interest for industrial exposure given the solid fundamentals for the asset class based upon key market drivers, including the continuing expansion of retail sales migrating to eCommerce channels,” continued Mr. Hodgkins.  “With the formation and initial capitalization of Xebec Industrial Trust complete, we look forward to pursuing a private capital raise from institutional investors later in 2017, together with a concurrent debt strategy, to finance the acquisition over the next two years of the company’s  pipeline.”

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

Kristen M. Murphy

Director, Public Relations

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

Aurora Sunny Isles Beach Grows Sales Team with Addition of Jack Paget

Jack Paget

SUNNY ISLES BEACH, FL – Aurora Sunny Isles Beach has announced the hiring of luxury condominium sales specialist Jack Paget as a sales executive with its growing team.

The addition comes at a time when Aurora developer Verzasca Group is receiving tremendous demand at the Sunny Isles Beach project, which is being developed as part of an intimate collection of boutique residences, along with Le Jardin Residences and Pearl House in Bay Harbor Islands. Verzasca just opened a brand-new sales center for Aurora at 17600 Collins Avenue, adjacent to the project site.

John Warsing

Paget brings more than 20 years of luxury real estate sales experience to Aurora. His distinguished career includes five years as Vice President with leading Miami development and real estate investment company Adler Group and 10 years as a Vice President with real estate firm International Sales Group (ISG). 

Paget graduated from Lehigh University with a Bachelor of Arts degree in International Relations.

Led by Director of Sales John Warsing, the addition of Paget amplifies the wealth of real estate experience at Aurora’s sales team.

“Jack is a tremendous addition to our sales team,” said Verzasca Managing Director Tim Lobanov. “We continue to see strong interest for our project from local and international buyers. The marketplace is realizing that Aurora offers a rare convergence of luxury, value and location.”

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

BoardroomPR

Eric Kalis: ekalis@boardroompr.com, 954-370-8999

Jasmin Curtiss: jcurtiss@boardroompr.com, 954-370-8999

www.aurorasunnyislesbeach.com

www.verzasca-group.com.

HFF closes $16.25 million sale of development site in Raleigh, NC

 

Justin Good

CHARLOTTE, NC, July 18, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $16.25 million sale of an 18.82-acre parcel within the larger 51.32-acre St. Albans at Midtown development site near North Hills in Raleigh, North Carolina.  Located at 900 St. Albans Drive, this is the third site closed from the St. Albans at Midtown offering.

HFF marketed the site on behalf of the seller, Wells Fargo Bank, acting as Trustee for a local family; and Henry Sink and Richard Williams, acting as Co-Trustees for another local family.

 DeWitt Carolinas Inc. (DeWitt) purchased the site, which is adjacent to DeWitt’s separately owned, 161,000-square-foot One Renaissance Center office building and accompanying land site.

The St. Albans at Midtown development site is situated less than one half of a mile from the terminus of North Hills, a growing area of Midtown Raleigh that has nearly 1.1 million square feet of office space, more than 1,800 multifamily units either completed or underway, and more than one million square feet of retail. 

Allan Lynch

The site at 900 St. Albans is located less than a half mile from Interstate 440 and, in addition to North Hills, is proximate to executive housing in North Raleigh, the tech hub of downtown Raleigh and Duke Raleigh Hospital.  

The new owner successfully rezoned the site in May 2017 to allow for development height between seven and 20 stories.

The HFF investment sales team representing the seller was led by managing director Justin Good and senior director Allan Lynch.

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

Kristen M. Murphy

Director, Public Relations

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

Marcus & Millichap Arranges $2.6 Million Sale of Taco Bell’s Net-Leased Site in Fort Myers, FL

James Medefind

FORT MYERS, FL, July 18, 2017- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Taco Bell, a 2,939-square foot net-leased property located in Fort Myers, Florida, according to Ari Ravi, regional manager of the firm's Tampa office. The asset sold for $2,600,000.

James Medefind and Jim Shiebler, investment specialists in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

With Medefind's and Shiebler's efforts, coupled with Marcus & Millichap's extensive marketing platform, ensured that the property sold at the highest potential strike price. 

"We generated five offers for the property in a relatively short listing period,” says Shiebler. "Ultimately, an international investor from South America was selected who appreciated the numerous valuable property drivers. 

"Additionally, the submarket's regentrification efforts and the country's leading migration levels were also key factors in the investor's decision to select this Southwest Florida net leased property." 

Located in the heart of a dense retail corridor, the property is operated by a regional powerhouse franchisee, Coastal QSR, one of Taco Bell's top 20 franchisees in the country, who has a proven 12 year successful operating history at the location.

Taco Bell is located at 3431 Cleveland Avenue in Fort Myers, Florida.

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

Ari Ravi

Regional Manager, Tampa

(813) 387-4700  

Draper and Kramer’s Sam Groppi Named to Institute of Real Estate Management’s 30 Under 30 Class of 2017

                                                                                                         

Sam Groppi

 

CHICAGO, IL (July 18, 2017) – Draper and Kramer, Incorporated, a full-service national real estate firm, has announced that Sam Groppi, the firm’s revenue manager, was named to the Institute of Real Estate Management’s 30 Under 30 Class of 2017.

“We’re so thrilled that IREM has recognized Sam’s achievements and his passion for the industry,” said Julie Johnson, senior vice president of management services for Chicago-based Draper and Kramer.

“We highly value Sam’s diverse skill set and extensive property management experience that has spanned everything from leasing and operations to capital improvements and financial reporting.”

Julie Johnson

As revenue manager for Draper and Kramer, a position that was created with his capabilities in mind, Groppi is responsible for maximizing revenue by developing and supervising strategies across the firm’s portfolio. He approves daily pricing via revenue management software, leads regular team calls to review revenue growth and provides reporting across all layers of the company. Additionally, Groppi assists with acquisitions and lease-ups for Draper and Kramer properties.

Groppi has also successfully initiated several emerging technology programs that have improved performance, including a customized app to assist resident communication and a software program to standardize preventative maintenance. Currently, he is leading a portfolio-wide rollout of YieldStar revenue management software after spearheading a successful pilot program at select properties.

“I’m incredibly honored that IREM included me among this group of exceptional young professionals,” said Groppi. “I greatly appreciate the many opportunities IREM facilitates for its members to learn best practices, share ideas, ask and offer advice, and mentor the next generation of real estate managers. I am also grateful to Draper and Kramer for creating a position that challenges me and allows me to grow professionally.”  

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

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.draperandkramer.com.

HFF arranges $65 million in equity and debt for 279-unit apartment development in Philadelphia

  

Ryan Ade

 PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $65 million in preferred equity and construction financing for the development of The Hamilton, a 10-story, 279-unit, luxury apartment building in Philadelphia, Pennsylvania.

HFF worked on behalf of the developer, Radnor Property Group, to arrange both construction financing and preferred equity.  HFF arranged a $48.5 million construction loan from the Santander Commercial Real Estate office in Philadelphia and $16.5 million in preferred equity from an insurance company.

Due for completion in 2018, The Hamilton will consist of studio, one- and two-bedroom unit layouts.  The initial 279 units will be the first of two phases constructed on a 1.68-acre site at 440 North 15th Street.

 The site is positioned in the Logan Square neighborhood at the northern entrance to Center City Philadelphia near multiple employers and institutions of higher learning.  The site has a WalkScore® of 95 and Transit Score of 100.

Rob Hinckley

 The HFF team representing the developer was led by managing directors Ryan Ade, Rob Hinckley and David Giancola and associate director Michael Pagniucci.

“We are excited to be developing in this previously underutilized corridor between Spring Garden and Vine Street,” said Dave Yeager of Radnor Property Group.

 “This collaboration between Radnor Property Group and the Community College of Philadelphia, which has provided the ground lease to the project, will bring a mix of residential and retail offerings that will serve the community at large by sustainably transforming a vacant building into a vibrant, amenity-driven hub for those who wish to live in this highly-desirable and growing neighborhood.”

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes $21.5 million sale of Vancouver, WA shopping center

Fourth Plain Center, Vancouver, WA

                                                                                                              (Photo by Red Studio Inc.)

PORTLAND, OR  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $21.5 million sale of Fourth Plain Center, a 117,143-square-foot, value-add, multi-tenant shopping center in Vancouver, Washington.

HFF marketed the property on behalf of the seller, 4th Plain Center LLC. 

Fourth Plain Center comprises four buildings that were most recently renovated in 2006.  The center is leased to a mix of professional services, health and fitness, restaurant and retail tenants, including 24-Hour Fitness, Walgreens, Rainwater Insurance, Saigon Restaurant, Children’s Village Day Care, Zenaptic Chiropractic and Sunrise Salon. 

Situated in northeast Vancouver on 7.96 acres at 2903 NE Andresen Road, 2913 NE 72nd Drive and 2904 NE Burton Road, Fourth Plain Center is visible to approximately 42,241 vehicles per day and is near Interstate 5, which runs into Portland. 

Nick Kassab

The property is proximate to some of Vancouver’s most affluent neighborhoods, and more than 112,805 residents earning an average annual household income of $62,740 live within three miles of the center.

The HFF investment sales team was led by director Nick Kassab.

“We are pleased to announce the sale of Fourth Plain Center in Vancouver, Washington,” Kassab said.  “The center has a solid list of tenants, including 24 Hour Fitness and Walgreens, and provides value-add upside and optionality via leasing up the vacant former Office Depot box, either to another junior anchor or potentially a specialty grocer. 

“The high amount of interest in the center is another example of the strong demand for good value-add retail properties across the West Coast and here locally in Portland, as well as Vancouver emerging as a suitable location for institutional investment.”

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

Olivia Hennessey

Public Relations Specialist

HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

Two Twelve Clayton Brings 250 New Luxury Apartments to St. Louis Suburb

Two Twelve Clayton, 212 South Meramec Avenue,
Clayton, MO

ST. LOUIS, MO (July 17, 2017) — Unparalleled luxury living is now available in Clayton, Mo., a close-in suburb of St. Louis just 10 miles west of the city’s downtown, with the grand opening of Two Twelve Clayton, a new 26-story Class A high-rise comprised of 250 apartments.

 Featuring an impressive 9,300 square feet of amenities, Two Twelve sets a new standard for rental residences with its club-style living for busy professionals in Clayton’s central business district, which serves as a center of business and financial activity for metro St. Louis. First move-ins began earlier this month.

Located at 212 S. Meramec Ave., Two Twelve is a joint venture between two Chicago firms, CA Ventures and White Oak Realty Partners, with national property manager The Habitat Company, also from Chicago, managing the property and overseeing leasing.

“It’s very exciting to see a building of this caliber open in this area of St. Louis – something that’s been specifically designed and styled to meet the demands of sophisticated Clayton residents,” said JJ Smith, principal of CA Ventures.

“From the building’s striking silhouette on the Clayton skyline to its impressive suite of amenities, including the most dynamic apartment rooftop/outdoor living space in the area, Two Twelve raises the bar for rental living in Clayton.

Sheila Byrne

It also puts residents steps away from the Clayton MetroLink Station, adjacent to Shaw Park and less than 2 miles from the St. Louis Galleria shopping center, making all the advantages of city living easy to access,” Smith added.

“The surrounding community has been very interested in Two Twelve, so we’re thrilled to welcome our first residents,” said Sheila Byrne, executive vice president of property management for The Habitat Company.

“As they’ll soon find out, the experience Two Twelve Clayton delivers to the market is unparalleled. There’s no other community in the area that combines this level of sophisticated urban design, LEED certification and refined luxury amenities.” 

  

Two Twelve includes studio, one-, two- and three-bedroom units offering 592 to 1,366 square feet with rents ranging from $1,706 to $4,415. 

For more information about leasing an apartment at Two Twelve, call (314) 721-1212 or visit www.212Clayton.com.

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

Robin Plous, rplous@taylorjohnson.com, (312) 267-4512

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.habitat.com.

www.whiteoakrp.com

www.ca-ventures.com

HFF closes sale of The Plaza at North Creek in suburban Seattle, WA

                                                  

The Plaza at North Creek Office Campus, Bothell, WA

                                                                                                             (Photo by Red Studio Inc.)

     

Nick Kucha

                               

PORTLAND, OR, July 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Plaza at North Creek, a flagship office campus totaling 194,074 square feet in the suburban Seattle community of Bothell, Washington.

HFF marketed the property on behalf of the seller and procured the buyer, MRM Capital. 

The Plaza at North Creek comprises two three-story, Class A office buildings located at 18911 and 19015 North Creek Parkway in Bothell, a community about 13 miles northeast of downtown Seattle. 

This location, adjacent to Interstate 405, is part of the Eastside’s life science industry hub, which is home to more than 50 life science employers.  Key tenants at the 80.7 percent leased property include Allstate and SNC-Lavalin. 

The HFF investment sales team representing the seller was led by senior managing director Nick Kucha and director Dave Otis.

“The Plaza at North Creek’s superb Class A office space has allowed the park to consistently outperform the Bothell submarket, maintaining a 10-year historical average occupancy of 92 percent, 600 basis points higher than the Bothell submarket historical average of 86 percent,” said Kucha.  “The Plaza at North Creek is THE destination for users seeking a Bothell address.” 

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

Kristen M. Murphy

Director, Public Relations

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

HFF hires Anthony Fertitta, Jr. as a managing director in its Carolinas office

 

Travis Anderson

       

CHARLOTTE, NC, July 17, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has hired Anthony Fertitta, Jr. as a managing director in its Charlotte office. 

Mr. Fertitta joins HFF with more than 23 years of real estate project and corporate finance/capital markets experience, primarily with Bank of America Merrill Lynch. 

Most recently, Mr. Fertitta coordinated the commercial lending and capital markets activities for a broad spectrum of REIT/REOC, real estate opportunity fund/investment manager, homebuilder and real estate service company clients around the U.S. in bank’s Real Estate Corporate Banking Group.  

“We are excited to welcome Anthony to the HFF team,” said Travis Anderson, HFF senior managing director and co-head of HFF Carolinas.  “He will be an integral player in growing our regional and national footprint due to his deep institutional relationships as well as extensive experience in both asset/portfolio level and corporate finance.”

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

Kristen M. Murphy

Director, Public Relations

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

Berger Commercial Realty Facilitates $700,000 Sale of Downtown Fort Lauderdale, FL Land Slated for Office Development

  

Judy Dolan

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC International Senior Vice President Judy Dolan represented Anthony and Camille Ajakie in the $700,000 sale of 25,000 square-feet of land to 100 Avenue of the Arts, LLC.

Located at 100 N.W. 7th Ave. in Fort Lauderdale, the land is slated for development into a multi-story, multi-tenant office building with covered parking.

Site frontage on Avenue of the Arts, Fort Lauderdale, FL

“The property is a great development opportunity for office space due to its prime location in Fort Lauderdale’s central business district,” Dolan said. 

“With frontage on Avenue of the Arts and close proximity to the new Brightline rail station, the site offers great visibility and accessibility for future tenants.”

Formerly part of a used car dealership parcel, the property consists of four contiguous lots located just north of Broward Boulevard along N.W. 7th Ave. and offers convenient access to I-95 via Broward Blvd. or Sunrise Blvd.

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

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

954-776-1999

Pierson Grant Public Relations

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

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

Continental Partners Secures Permanent Financing for Award-Winning Multifamily Asset in Los Angeles, CA

Zalmi Klyne

LOS ANGELES, CA (July 17, 2017) – Commercial real estate investment banking firm Continental Partners has successfully secured $9.7 million in permanent financing for Ten38 Lofts, a 32-unit, American Institute of Architects award-winning multifamily property in the Koreatown submarket of Los Angeles, California. 

The financing was arranged by Continental Partners Director Zalmi Klyne.

The sponsor, a private multifamily investor, had requested a permanent loan to refinance an existing construction loan for the property. Constructed in 2016, the multifamily community offers spectacular 360° views from its rooftop garden, granting visibility to the downtown skyline as well as the Westside, according to Klyne.

“Ten38 boasts a unique, contemporary design unmatched in the Koreatown submarket,” explains Klyne, who points to the building’s organic curves, floor-to-ceiling windows and balcony views.

“Despite the compelling design and immediate value of this property, concerns regarding potential oversupply and projected vacancies in this submarket presented an initial challenge. We were able to quickly overcome this challenge by demonstrating the opportunity and investment potential of this exceptional asset.”

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

Elisabeth Manville / Katie Kea

Brower, Miller & Cole

(949) 955-7940

emanville@browermillercole.com

Lifescapes International Brings Touch of Las Vegas to South Korea; Completes Landscape Design for $1.1 Billion Integrated Resort

Julie Brinkerhoff-Jacobs

INCHEON, South Korea -- Lifescapes International, the landscape architectural firm behind iconic destinations such as the Mirage, Bellagio Resort & Casino, and Wynn Las Vegas, has designed the landscape environment for Paradise City, a $1.1 billion, fully integrated entertainment and gaming resort complex totaling 83 acres in Incheon, South Korea.

“As Northeast Asia’s first ‘art-tainment’ integrated resort, Paradise City offers an unparalleled guest experience,” asserts Julie Brinkerhoff-Jacobs, President of Lifescapes International. “This mega-resort combines a diverse range of hospitality, gaming, art, and retail amenities, allowing guests to experience luxury, beauty, and entertainment like no other in Northeast Asia.”

Paradise City encompasses 12 facilities, including a five-star luxury hotel totaling 711 rooms, a family wing and pool villas, a premium casino equipped with state-of-the-art systems, and a K-style-themed convention center decked with a full-service entertainment bar, among others. Additional amenities include an art gallery that features works from world-renowned and rising artists, retail shops, restaurants, and a luxury spa.

Alvaro Amador

Project Designer, Alvaro Amador shares, “The trend in resort development is an increased focus on creating a one-of-a-kind guest experience through programmable spaces, water entertainment shows, and landscaped environments to attract guests and encourage repeat visits. 

At Paradise City, we took this concept to the next level by incorporating innovative landscaping to achieve the artistic energy and excitement of a fully immersive resort experience.”

Lifescapes International infused vibrant landscaping throughout the main resort-style pool, complete with an outdoor bar and private cabanas for an exciting night-life setting, according to Amador. The firm also designed a large Las Vegas-style main entry, wedding gardens, private villas, and gardens that flow throughout the interior and exterior of the project.

“Based on our experience in designing 12 iconic resort casinos along the Las Vegas strip, we were selected to design the overall landscaped environment and deliver on the developers’ concept for this project, which was to create the ultimate destination that would attract tourists year-round,” explains Brinkerhoff-Jacobs.

 “Our vision was to bring the vibrant energy of Las Vegas to Korea by integrating water features and immersive gardens, thereby heightening the dramatic element of the setting and cultivating an exceptional entertainment-driven experience.”

Paradise City Resort, Incheon, South Korea

Italian villa elements and Mediterranean motifs, in addition to “hallyu” or Korean-pop culture, inspired the landscape design for this resort, which includes interior gardens and outdoor accent plantings with a spectrum of color and texture.

“Paradise City’s unique value proposition is its artful convergence of different cultures, including those of the East and West,” adds Brinkerhoff-Jacobs, who notes that Lifescapes harmonized these elements in the overall design of this project.

To achieve this balance, Lifescapes incorporated a variety of indigenous trees and plants native to South Korea, including Hornbeam Bonsai, Weeping Willow, Cherry Blossoms, Konara Oak Trees, Sawleaf Zelkova, and Loropetalum, among others.

Paradise City Resort, Incheon, South Korea

“We understood that the project needed to highlight South Korea’s rich cultural identity, while also attracting international business,” continues Brinkerhoff-Jacobs. “By integrating a diverse range of native plants, we were able to preserve the integrity of the cultural experience, while also bringing the excitement of Las Vegas in a way that would drive tourism and put South Korea on the map for future travel.”

Paradise City is situated in the International Business Center of Incheon International Airport, the gateway to Northeast Asia’s economic and cultural epicenter. Located 90 minutes from Beijing, Shanghai, and Tokyo and 40 minutes from Seoul, this mega-resort offers easy accessibility for both locals and international tourists.

The large resort complex was developed as a joint venture between Korean casino operator Paradise Group and Japanese entertainment group Sega Sammy Holdings, Inc., which boast a combined 45 years of experience in operating casinos and hotels.

Lifescapes International is an internationally recognized landscape architectural firm that has become an influential force in the industry through its design of innovative, creative, and trendsetting landscape environments.  For nearly 60 years, the company has remained true to its mantra:  “We Create Gardens People Love.” SM

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

Miki (Conant) Akil or Katie Kea

Brower, Miller & Cole

(949) 955-7940

makil@browermillercole.com

www.lifescapesintl.com

HFF closes the sale of 2-property hotel portfolio near Los Angeles International Airport

Aloft El Segundo Hotel  -- Los Angeles Airport

Tony Malk

LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced t has closed the sale of a two-property, 596-room hotel portfolio comprising an Aloft and Fairfield Inn & Suites proximate to Los Angeles International Airport (LAX) in the Los Angeles-area community of El Segundo, California, for an undisclosed price.

HFF marketed the property on behalf of the seller, Rubicon Companies. 

The portfolio comprises the Aloft El Segundo – Los Angeles Airport and the Fairfield Inn & Suites Los Angeles LAX/El Segundo.  The Aloft hotel is located at 475 North Sepulveda Boulevard, and the Fairfield Inn property is located less than a block away at 525 North Sepulveda Boulevard.

Both hotels are less than one mile from LAX and proximate to both Interstate 105 and 405, which allows for easy access to a variety of Los Angeles area demand drivers, including shopping, restaurants, beaches and more.

The 246-room Aloft features the Re:fuel grab-and-go food option, Re-charge 24-hour fitness center, Splash pool, meeting space, Re:mix lounge, W XYZ® bar with cocktails and full food menu and room access via app.

Scott Hall

 The Marriott-branded Fairfield Inn contains 350 rooms and features a complimentary breakfast buffet, outdoor pool, fitness center and meeting space.

The HFF investment sales team representing the seller was led by managing directors Tony Malk and Scott Hall.

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

Kristen M. Murphy

Director, Public Relations

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

HFF closes sale of Denver-area apartment community

Greenwood Plaza Apartments, 7610 Caley Avenue, Centennial, CO

                                                                                                                   (Photo by Ryan Dravitz)

Jordan Robbins

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Greenwood Plaza, a 266-unit apartment community in Centennial, Colorado.

HFF marketed the asset exclusively on behalf of the seller, and procured the buyer, Waterton.

Greenwood Plaza has 14 garden-style buildings offering a mix of one-, two- and three-bedroom units averaging 947 square feet.  Apartment homes feature generous balconies, full-size washers and dryers and a mix of attached and detached garages.

 The 11.7-acre community is located at 7610 E. Caley Avenue in Denver’s booming Tech Center submarket positioning it near many major employers, including seven Fortune 500 headquarters. 

Additionally, Greenwood Plaza is convenient to the Arapahoe at Village Center Light Rail station and Interstates 25 and 225 providing access around the Denver metropolitan area. 

Common area amenities include a resort-style swimming pool, fitness center and lounge. The property was more than 96 percent occupied at closing.

The HFF investment sales team representing the seller was led by managing director Jordan Robbins and associate director Jeff Haag.

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

Kristen M. Murphy

Director, Public Relations

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.waterton.com