EagleBridge Capital Arranges $9 Million Mortgage for Boston Verizon Facility

Verizon Facility, 173 Boston Street, Boston, MA

Ted M. Sidel

Boston, MA --  EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $9,000,000 for the Verizon facility located at 173 Boston Street, Boston, Massachusetts. 

The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan who stated that the loan was provided by a leading financial institution.

The facility is net leased to Verizon New England which has been a tenant at 173 Boston Street for more than 45 years.  The complex serves as an important hub for Verizon within the City of Boston. Its location offers convenient road access to the City’s neighborhoods and downtown area.

Brian D. Sheehan

Verizon occupies a mix of office and service space including a carport and a warehouse/service building with multiple drive-in doors.  

The buildings total 57,600 square feet including 20,000 square feet of office space.  The 3.88 acre secure site offers ample parking for Verizon’s fleet of service vans and cherry pickers used to service, repair, and install telephone and internet service throughout the City of Boston.

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

 For more information on this press release, please contact:

Ted Sidel

(617) 292 7177

Ext 100

Or

Stanley J. Sidel

Senior Advisor

EagleBridge Capital

33 Broad Street

Boston, MA 02109

Tel: 617-292-7177 Ext. 300

www.eaglebridgecapital.com

HFF hires Michael Roberts as a senior director focused on industrial sales in Southern California and the West Coast

Michael Roberts

 LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has hired Michael Roberts as a senior director in its Los Angeles office.  Mr. Roberts will work alongside HFF’s Andrew Briner and Scott Pertel concentrating on industrial investment sale transactions throughout Southern California and the West Coast.

Mr. Roberts joins HFF from Colliers International where he was a managing director and member of their Investor Services Group and responsible for office and R&D investment sales in the Western United States.

 Prior to that, he was a director at Cushman and Wakefield, where he co-led the office and industrial sales platform for the San Diego region.  Mr. Roberts is an active member of Urban Land Institute and holds a Bachelor of Arts from the University of California, San Diego. 

“We are excited to have Michael join our growing team, and look forward to the value he can add as part of the HFF platform,” said Kevin MacKenzie, senior managing director and co-head of HFF for the West Coast. 

Kevin MacKenzie

“We continue to experience insatiable demand in the investment sales, debt and equity space for industrial product, with Southern California leading the way as a top market in the country.  In order to meet demand and best serve our clients, we are focused on building out our team with best in class industrial-focused professionals in Southern California led by Andrew Briner who joined us in May of this year.”

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information about this press 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 Sale of 53,425-square foot Self-Storage Facility in Stockton, CA

Michael A. Mele

 STOCKTON, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Stockton Self Storage, a 53,425-square foot self-storage facility located in Stockton, CA, according to Ari Ravi, regional manager of the firm’s Tampa office.

Devin Beasley, investment specialist in Marcus & Millichap's Phoenix office, Luke Elliott, first vice president investments in Marcus & Millichap's Tampa office, Michael A. Mele, senior managing director, also in the Tampa office, and Daniel Kuchugurny, investment specialist in Marcus & Millichap's Sacramento office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The buyer, an out-of-state private investor, was secured and also represented by Elliott, Beasley, Mele and Kuchugurny. James Markel, Broker, assisted in closing this transaction.

“Bidding was very competitive from a variety of capital groups, offers coming in from California, the East Coast and Southwestern United States. Ultimately the out of state buyer obtained a very solid asset,” says Elliott.

Luke Elliott

Stockton Self Storage is located at 1880 West Charter Way, this thoroughfare is also known as State Route 4. Situated on 6.60 acres, this institutional-quality facility makes up 53,425 rentable square feet among 409 non-climate controlled units and 225 covered boat/RV parking spaces for a total of 634 units. 

“The commitment of the buyer and seller to The Mele Group's process resulted in a smooth and efficient transfer of a high-quality asset which left both parties very pleased at the closing,” adds Beasley.

For more information about this press release, please contact:

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

Hold-Thyssen Negotiates $1.05 Million Sale of Multi-Tenant Office Building in Ocala, FL

Therese Taylor

Ocala, FL --- Hold-Thyssen, Inc. a full service commercial real estate firm recently negotiated a $1,050,000 sale of Springs Plaza, a 19,862 square foot office building at 5431 E. Silver Springs Blvd. in Ocala.

Therese Taylor, transactional broker at Hold-Thyssen, represented Lichtenberg Corporation of Delaware, the seller of the multi-tenant, one-story office building that was built in 1979. 

The buyer is Springs Plaza Ocala, LLC.  The transaction included a NNN lease with anchor-tenant BB&T Bank.  The building is situated on 4.84 acres on Rt. 40 in a high-growth area.

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For more information about this press release, please contact:

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

.

Hold-Thyssen Negotiates Five Year Lease at Royal Oaks Plaza in Clermont, FL

Darby Hold

CLERMONT, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently negotiated a five year  lease  for 1,168 rentable square feet at 2105 Hartwood Marsh Rd. in Clermont.

The Hold-Thyssen leasing team of Darby Hold and Alex Rowlinson represented the landlord 2105 Hartwood Marsh Road Holdings, LLC. 

Joseph Shemansky of Alpha Properties Group represented the new tenant, K9 Crew Cuts LLC, a dog grooming service who leased Suite 8 in Royal Oaks Plaza 

Hold-Thyssen, Inc. provides commercial property brokerage along with leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States.

For more information about this press release, please contact:

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

.

NAI Realvest Negotiates $3 Million Sale of 60 Acres in Fast-Growing Disney Four Corners Area of Central Florida

Jason G. Toll

Osceola County, FL -- NAI Realvest recently completed an assemblage of 60 acres of development land in the high-growth U.S. Hwy 27 / 192 Disney Four Corners Area and negotiated sales of both parcels at $3,000,000 total or $50,000 per acre. 

Jason G. Toll, director of industrial services at NAI Realvest, said he negotiated both transactions representing separate sellers of two parcels with future land use designations of “tourist community.”

   Located just east of U.S. 27 within a mecca for vacation homes, villas and golf courses, the property will front the new Westside Blvd. Extension immediately north of ChampionsGate.  

The buyer, Eli Steinhardt, principal in a Skokie, Ill.-based construction firm, plans to develop a community of short-term rental vacation homes. 

The transaction included 40 acres near the northeast corner of Bella Citta and Barry Roads sold by Hojosaki, LLC of Newton, MA. for $2,000,000,  and 20 acres sold by Mel-Mic, Inc. of Clermont, Fla. for $1,000,000.

Toll said he listed the 40 acres then he approached the owner of the adjacent 20 acres to have a larger combined offering.  The parcels were under contract with a developer who withdrew several months into due diligence before Steinhardt was approached.

For more information on this news release, please contact:

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

HFF announces $32.6M financing for 625 Mount Auburn Street in Cambridge, MA

 

625 Mount Auburn Street Office Building, Cambridge, MA

Brett Paulsrud

BOSTON, MA – September 6, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the acquisition financing for 625 Mount Auburn Street, a 137,421-square-foot, three-story, Class A office building in Cambridge, Massachusetts.

The HFF team worked on behalf of the borrower, The Davis Companies, to secure the $32.6 million, fixed-rate loan through BBVA Compass Bank.  Loan proceeds were used to acquire the property, in a sale arranged by HFF.

 625 Mount Auburn Street is situated in the West Cambridge submarket of Cambridge, conveniently located next to an MBTA bus line providing direct service to and from Harvard Square and the MBTA Red Line station.  

The 3.03-acre site is also proximate to Route 2 and the Massachusetts Turnpike (Interstate 90), providing vehicular access to the suburban executive communities of Wellesley, Weston and Newton, among others.  The 98.5-percent-leased property is anchored by Charles River Analytics, Mount Auburn Hospital and several other technology tenants.  Renovated in 2001, 625 Mount Auburn Street features a two-story atrium, fitness center, café area and free on-site parking. 

Connor Allen

The HFF debt placement team representing the borrower included senior director Brett Paulsrud and analyst Connor Allen.

“HFF was able to work closely with The Davis Companies’ team to secure a loan that met all their objectives for the asset,” said Paulsrud.  “The property is a great addition to The Davis Companies’ portfolio and I look forward to watching them execute the business plan they have in place.  It is always a pleasure to work with such a best-in-class organization.” 

For more information on this 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

http://www.thedaviscompanies.com/

HFF announces $44M mezzanine financing for best-in-class mixed-use development in downtown Baltimore, MD

 

Rendering of planned 1 Light Street Mixed-Use Tower
Downtown Baltimore, MD 

 

Mark Remington

 

WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announces $44 million in mezzanine financing for the development of 1 Light Street, a 28-story, luxury mixed-use tower in downtown Baltimore, Maryland.

The HFF team worked on behalf of the borrower, Madison Marquette, to secure the mezzanine loan through Bridge Investment Group Holdings.

Currently under construction, 1 Light Street will feature 280 luxury residential units, 252,243 square feet of modern office space, over 5,000 square feet of ground floor retail and a 646-space, nine-level parking garage. 

The 10 floors of residential units will begin on the 18th floor and will have best-in-class finishes including 9’ ceilings and a glass curtain wall as well as access to a rooftop infinity edge pool, a resident lounge, game room, fitness center and a pet spa.  Units will be offered in studio through two-bedroom/den layouts.

Brian Crivella

The nine floors of office space beginning on the 9th floor is 66 percent pre-leased to M&T Bank, who will also lease a portion of the retail space.  Situated two blocks from Baltimore’s Inner Harbor, 1 Light Street is conveniently located within walking distance to Harborplace,

The Gallery, Power Plant, Power Plant Live!, Camden Yards and M&T Bank Stadium.  Additionally, the property is close to multiple metro stations and bus stops and has immediate access to the Jones Fall Expressway (Interstate 83) and Interstate 395/95 providing access to Baltimore-Washington International Airport and Washington, D.C.

The HFF debt placement team representing the borrower included managing director Mark Remington, director Brian Crivella and associate Drake Greer.

“This represents a significant win for our client and investment by Bridge, but more importantly, we congratulate Madison Marquette on securing the M&T Bank pre-lease and for having the conviction to begin construction with equity, prior to securing the full capital stack…that is what made this transaction possible,” said Remington.

For more information on this 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

Shopoff Realty Investments Acquires The Sacramento Bee’s 10.9-Acre Office and Flex Industrial Property

William Shopoff

SACRAMENTO, CA – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced the company has acquired The Sacramento Bee’s 10.9-acre office and industrial property in Midtown Sacramento, currently housing the paper’s printing and distribution facility.

The location is also the national headquarters for The McClatchy Company, which owns The Sacramento Bee and 29 other daily newspapers throughout the United States. McClatchy intends to remain in the building; concurrent with closing Shopoff executed a 15-year triple net lease.

“This property represents another strategic asset acquisition for our firm, which has the potential to provide steady cash flow,” said Shopoff Realty Investments CEO William Shopoff. “With longstanding roots in the neighborhood, we are pleased that McClatchy and The Sacramento Bee have made a commitment to remain in the building and continue providing quality news to local residents.”

The property is located in the Midtown submarket of Sacramento, which has seen a flurry of interest from developers in recent years. Its transformation from a strictly industrial neighborhood has begun, with more than 650 new residential housing units currently in the planning stages or under development.

“The influx of new residents and companies moving to the Sacramento area has been tremendous, and we are confident that the changes taking place in midtown will only add to the allure and attraction for new residents, and the subsequent value of this 10+ acre property,” said David Placek, executive vice president of Shopoff Realty Investments.

For more information on this news release, please contact:

Jill Swartz

Spotlight Marketing Communications

949.427.5172, ext. 701

jill@spotlightmarcom.com

JLL arranges sale of Phoenix industrial portfolio

Mark Detmer

PHOENIX, AZ – JLL’s Capital Markets experts announced the company arranged the sale of a 266,607-square-foot industrial portfolio on behalf of The Hewson Company.

TA Realty purchased the portfolio, located in Scottsdale, Arizona and Tempe, Arizona, for $24.5 million.

Managing Directors Mark Detmer, Bo Mills and Bill Honsaker, Senior Vice President Steve Larsen and Vice President Ryan Sitov led the JLL team on the transaction.

"Both the Tempe and Scottsdale submarkets benefit from low vacancy rates and strong rental rate growth,” said Detmer. “The quality of the assets and tenant diversity made this portfolio an exceptional opportunity for investors.”

The portfolio is comprised of four industrial/flex assets, located at 9160 S. McKemy St., 9185 and 9245 S. Farmer Ave. in Tempe and 7400 E. Tierra Buena Lane in Scottsdale. The portfolio is over 96 percent

leased to 12 tenants across a variety of industries, including IT services, transportation, automotive and home improvement.

.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

For more information on this news release, please contact:

Maggie Nichols

Phone: +1 312-228-3837

Email: Maggie.Nichols@am.jll.com

OTL’s Expert Guidance Brings $90 Million Historic Pennsylvania Garden Fountain Restoration to Completion

Main Fountain Garden at Philadelphia’s Longwood Gardens

            KENNETT SQUARE, PA – Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, rockwork and themed environments, has completed a consulting project on the $90 million highly complex renovation of the historic 83-year-old spectacular Main Fountain Garden at Philadelphia’s Longwood Gardens.

            The renovation project, which began in 2014, encompassed the cleaning and repair of 4,000 pieces of carved Italian limestone, the construction of approximately 1,400 feet of underground tunnels, and the enhancement of Longwood’s Main Fountain Garden, including 1,340 new jets and streams, 30 new flame nozzles, and 1,389 new LED lights.

J. Wickham Zimmerman

“OTL served as a consultant as part of an extensive team that worked to modernize and reinvigorate this project while preserving its original character and intent,” says J. Wickham Zimmerman, Chief Executive Officer of OTL.

“OTL was chosen for this complex assignment based on our team’s expertise with design and construction of complicated show fountains, and our role on this project was primarily focused on constructability.

“In other words, we helped bridge the gap between a fantastic design, created by the dream team assembled by Longwood Gardens, and the construction, helping to ensure that the design team’s vision was delivered. 

“We helped the project team deliver a breathtaking outdoor spectacular that upholds Longwood Gardens’ long-standing position as a must-see destination in the world of elite water gardens,” he added.

            OTL worked with general contractor Bancroft Construction and world-renowned water feature designer Fluidity Design Consultants in order to help bring the renovation project to life.

For more information on this news release, please contact:

Katie Clendening · Account Coordinator

O 949 955 7940 

Brower, Miller & Cole

The Smart Agency™ for Smart Clients who want Smart Work

895 Dove Street, Third Floor · Newport Beach, CA 92660

American Realty Advisors Expands Sales and Investor Relations Team

James Mitchell

LOS ANGELES, CA – American Realty Advisors (“ARA”) has announced the expansion of its sales and investor relations team with the addition of James Mitchell as its new Senior Vice-President/Client Portfolio Manager. Mr. Mitchell will be based in ARA’s Chicago office.

In this role, Mr. Mitchell will be responsible for leading the firm’s sales and client service efforts nationwide for ARA’s Taft-Hartley relationships through the firm’s commingled funds and separate accounts.

Mr. Mitchell brings to ARA nearly 30 years of experience working with jointly-trusteed funds nationwide.  Most recently, he was National Director of Asset Management Relationship Development for BMO Asset Management, focusing on customized asset management, trust and custody, and banking needs of the labor community. 

Prior to joining BMO, Jim worked at Northern Trust as a National Director of the Taft-Hartley Investment Client Solutions Group.  Previously, he also served as Executive Director of the Inter-Local Pension Fund/Graphic Communication Conference of the International Brotherhood of Teamsters, the Automobile Mechanics Local 701 as the Controller, and at Thomas Harvey, LLP. 

Jay Butterfield

Jay Butterfield, ARA’s Executive Managing Director and Head of Business Development, commented, “We are thrilled to have Jimmy join our professional team and to add his considerable skills and experience to continue ARA’s long-standing commitment to serve the Taft-Hartley community. 

"We are dedicated to helping plan sponsors meet their obligations in securing the future for their plan participants and beneficiaries, and Jimmy will be a strong addition to accomplish these goals.”

Mr. Mitchell graduated from Dominican University with a degree in Business Administration and Accounting.  He is a member of the International Foundation of Employee Benefit Plans, Illinois CPA Society, American Institute of Certified Public Accountants, and Purple Hearts Foundation.

More information regarding ARA can be found at www.aracapital.com.

Miki Akil / Lexi Astfalk for American Realty Advisors

Brower, Miller & Cole

(949) 955-7940,

 makil@browermillercole.com

Emerson International Completes Leases for 41,838 Square Feet at its Office Developments in Central Florida

Katherine Zelman

ALTAMONTE SPRINGS, FL -- Emerson International who owns and manages office developments in metro Orlando, recently completed five long-term lease agreements for a total of 41,838 rentable square feet at Sanlando I and II, Center Pointe II, Maitland Center and Louisiana Office Park. 

Zac Starkey

In Maitland, at 2600 Maitland Center, Emerson Broker Associate Zac Starkey negotiated the largest lease agreement signed by KBHS for 15,888 square feet of office space.   Jason Schrago of Newmark Knight Frank represented the tenant, a mortgage lender.

Starkey negotiated the lease of 11,844 square feet in the Sanlando I office building, 2170 W. State Road 434 in Longwood.  The tenant Davila Law Group was represented by Bill Miller and Joseph Stayanoff.

Kenneth Koch, Director of Leasing for Emerson brokered a lease for 9,779 square feet at Sanlando Center II.  Market research firm Opinion Access is the tenant.

Koch also negotiated a lease at Emerson’s Centerpointe II, 220 E. Central Parkway in Altamonte Springs with Voyager Retirement Solutions who signed a lease for 2,749 square feet.  The financial advisory firm was represented by Nicholas Fouraker of 4Acre Commercial.

At Louisiana Office Park, 1177 Louisiana Ave. in Winter Park, Starkey negotiated two lease agreements: one for 1,716 square feet with Axia Home Loans who was represented by Katherine Zelman of Cite Partners; and another lease for 862 square feet with Shopcore, a commercial property firm represented in the transaction by Drew Forness of Forness Properties.

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. 

For more information on this news release, please contact:

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

.   

Rare opportunity to Acquire sprawling Hunter’s Ridge Development in Ormond Beach, FL for $30 Million

Roger Soderstrom

Ormond Beach, FL --- The developer who worked several years to bring the Hunter’s Ridge project in Ormond Beach into wide-ranging DRI compliance, including deeding 1,978 acres to Flagler County for a regional park earlier this year, has announced that the entire development is for sale in bulk for $30 million.

 Hunter’s Ridge recently received approval to establish a CDD (Community Development District) which will allow the new owner to sell bonds for future infrastructure development.

Developer Allan Feker of U.S. Capital Alliance said the prominently located project – three miles west of I-95 on Granada Blvd (SR 40) – has all major infrastructure in place and is ready for immediate development. 

“The regional park land deeded to Flagler County for conservation will have traditional park facilities and hiking, biking and equestrian trails, an important amenity and buffer to the west of the Hunter’s Ridge residents,” he said.

John Kurtz and Roger Soderstrom, Jr., commercial investment specialists for Premier Sotheby’s International Realty who are representing the property, said they have launched their marketing campaign for the 1,450 remaining acres of Hunter’s Ridge which is approved for over 1,800 residences and 600,000 square feet of retail and commercial space. 

Straddling the Flagler-Volusia county line, the Hunter’s Ridge property includes approximately 1,000 finished homes with an established, active homeowners association.  

More than 1,800 more homes are to be built by homebuilders, many who have submitted letters of intent to purchase sites.  The community offers a variety of residence types from attached villas to estate homes priced from the low $200s to nearly $1 million.

  

John Kurtz

“There is a huge amount of development taking place along the I-95 corridor north of Daytona Beach,” Kurtz said. “In particular, Hunter’s Ridge is directly north across SR 40 from the widely lauded 6,900-home Margaritaville active adult community.”

 Included in the $30,000,000 Hunter’s Ridge bulk sale is a $5,000,000 town center with grocery and drug stores, bank, shops, restaurants, assisted living, medical and professional offices planned.  

The concept also includes multiple walking trails between amenities, neighborhoods, town center and the regional park.  It’s all just a short distance to the major retailers, restaurants and entertainment of Ormond Beach, Daytona’s International Speedway Blvd. and the world’s most famous beach. 

“This adds tremendous value to not only one’s lifestyle and home at Hunter’s Ridge but to the new owner/developer of this master planned community which will soon be one of the area’s most sought after places to live, work and play,” Soderstrom said.

For more information on this news release, please contact:

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

.   

Western National Group Begins Construction on New 206-Unit Luxury Multifamily Community in Orange County, CA

Patrick Simons

BREA, CA – Western National Group, in partnership with Anchor Real Estate Capital and Fantasia Holding Group, has announced the start of construction of a new, 206-unit luxury multifamily development in Brea, California to be named “Calligraphy,” according to Patrick Simons, Managing Director of Western National Group.

“Brea is a dynamic and vibrant city, with one of the largest public art collections in the nation,” says Simons. “We have intentionally tapped into that community benefit with the project’s name, which evokes a sense of artistic flair, and with the integration of art sculptures into public spaces adjacent to this new multifamily development.  

"In so doing, we are supporting the local community, while also enriching the resident experience.”

Western National Group is the largest operator of apartments in the City of Brea, and Calligraphy will be its eleventh property in the city.

“Brea is one of the most desirable places to live in North Orange County,” remarks Simons. “The City’s abundance of dining, entertainment, and shopping options, award-winning schools, and high quality of life continue to attract residents and businesses to this thriving community. 

"Conveniently located near major transit and job corridors, Brea also offers close proximity to transportation routes and employment centers across Orange County, Los Angeles, and the Inland Empire, making it the perfect location for a new multifamily development of this nature.”

For more information on this news release, please contact:

Lauren Burgos / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

lburgos@browermillercole.com

www.anchorrecapital.com

www.cnfantasia.com

www.wng.com.