HFF announces $42M refinancing for mixed-use development in downtown Napa, CA

First Street Napa Office-Retail Complex, Downtown Napa, CA

Peter Smyslowski

SAN FRANCISCO, CA –– HFF announces the $42 million refinancing of First Street Napa, a 142,026-square-foot, mixed-use retail and creative office property spanning three blocks in downtown Napa, California.

The HFF team worked on behalf of the borrower, Zapolski Real Estate, LLC and Trademark Property Company to secure the floating-rate loan through ACORE Capital, LP. 

 Loan proceeds will be used to pay off the development construction loan and provide an unfunded facility to complete the lease up of the remaining tenant suites.

The property is part of a newly constructed 325,000-square-foot, Class A, mixed-use development that comprises 45 high-end retail shops, new state-of-the-art creative office space and a 183-room, boutique Archer Hotel, which was not a part of the financing.  

Bercut Smith

Centrally located in Downtown Napa, the property is within walking distance of hotels, restaurants, wine tasting rooms and entertainment venues and it covers three city blocks along First Street, the major vehicular artery into Downtown Napa, the gateway to Napa Valley. 

 First Street Napa offers a blend of regional, national and international retail that the market demands, elevating Napa from first-class to world-class.

The HFF debt placement team representing the borrower included senior managing director Peter Smyslowski and associate Bercut Smith.

“Though lenders continue to underwrite retail opportunities very selectively, the interest to provide the takeout financing was tremendous and it is a testament to the development team’s vision,” Smyslowski said.

Kyle Jeffers

“We are thrilled to be lending to two high quality sponsors on an innovative retail project that will further transform the area,” said Kyle Jeffers, managing director at ACORE.

Holliday GP Corp. ("HFF"), California Bureau of Real Estate License #01385740.       

 For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

zapolskire.com

acorecapital.com.  

trademarkproperty.com 

Lifescapes International Completes 4.5-Acre Design for $300 Million Expansion of West Coast's Largest Casino/Resort

Perchanga Resort Casino, Temecula, CA

TEMECULA, CA – Lifescapes International, the landscape architectural firm responsible for iconic resort and casino landscapes such as the Bellagio and the Red Rock Casino Resort and Spa, has recently completed a landscape design for the $300 million expansion of the Pechanga Resort Casino, which makes it the largest Four-Diamond casino resort on the west coast. 

“Pechanga’s new expansion delivers a premium resort guest experience that sets it apart in the industry,” says Roger Voettiner, Lifescapes International’s Vice President of Design.

Al Almador

“We have created a luxurious atmosphere comprised of multiple pools and spas, all with unique offerings; spacious event lawns, intimate dining patios, and lush, culturally-inspired gardens, giving guests a variety of options for relaxation and entertainment.”
“This project is thoughtfully designed, and will serve as a beautiful homage to the culture and history of the Pechanga Band of Luiseño Indians, who have inhabited the Temecula Valley for thousands of years,” explains Al Amador, Senior Principal and Project Designer at Lifescapes International. “Incorporating this rich history was a priority in our design process, and delivered a depth of inspiration that connects the design to the local community.”

Pechanga Resort Casino officially broke ground on its expansion in December 2015; the new hotel tower opened in Dec 2017, and the pool complex opened March of 2018.

Marianne Mastroianni

Lifescapes International’s design for this project was a team effort by Donald Brinkerhoff, FASLA, Chairman and CEO; lead designer, Al Amador, Senior Project Manager Marianne Mastroianni, Horticulture Specialist Roger Voettiner; Field Landscape Architect Berj Behesnilian; and project managers Fernando Ortiz and Spencer Louie.

Delawie served as the architect for the expansion, with Tutor Perini as General Contractor.

Pechanga Resort Casino is located at 45000 Pechanga Parkway in Temecula, California.
Pechanga Resort Casino officially broke ground on its expansion in December 2015; the new hotel tower opened in Dec 2017, and the pool complex opened March of 2018.
 Lifescapes International’s design for this project was a team effort by Donald Brinkerhoff, FASLA, Chairman and CEO; lead designer, Al Amador, Senior Project Manager Marianne Mastroianni Horticulture Specialist Roger Voettiner; Field Landscape Architect Berj Behesnilian; and project managers Fernando Ortiz and Spencer Louie.

Delawie served as the architect for the expansion, with Tutor Perini as General Contractor.

Pechanga Resort Casino is located at 45000 Pechanga Parkway in Temecula, California.

For more information, please contact:

Lexi Astfalk

Brower Group

(949) 955-7940

Lastfalk@brower-group.com

www.lifescapesintl.com.

HFF announces capital raise for The Vineyards at Brookfield in Long Island, NY

Evan Pariser

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces the capital raise for The Vineyards of Brookfield, a to-be-built, 146-home, age-restricted (55+) townhome community with a total project cost of $58 million in the Long Island community of Center Moriches, New York.

The HFF team worked on behalf of the developer, Ornstein Leyton Company (OLC), to secure an investment from Atalaya Capital Management (Atalaya), a New York City-based investment manager, to develop the property.

The Vineyards at Brookfield will be situated on approximately 29 acres near the intersection of Brookfield Avenue and Wading River Road.  

The project will be less than half of a mile south of Sunrise Highway and adjacent to The Vineyards at Moriches, a 92-unit, active adult retirement community also developed by Ornstein Leyton Company.  

Rob Hinckley

The Vineyards at Brookfield will be completed in two phases, the first of which will deliver in 2019. 

 The gated community will feature a state-of-the-art clubhouse and outdoor recreational facilities featuring amenities, including a lounge, billiards room, card room, kitchen, fitness center, yoga studio, heated swimming pool, and bocce and pickle ball courts.

The HFF equity placement team representing the developer included senior managing director Evan Pariser, managing director Rob Hinckley and senior director David Fowler.

“Vineyards at Brookfield is the fourth installment of the highly successful Vineyards-branded, OLC development line in the area,” Hinckley said. 

David B. Fowler

"The project takes advantage of the downsizing needs of the area’s aging population. 

"Atalaya proposed a favorable common equity structure to invest in the project given the attractive risk-return profile.  We look forward to seeing the project’s success unfold over the next several years.”

For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

HFF announces capitalization of multi-housing development in suburban Portland, OR

Rendering of Axletree, a to-be-built, 110-unit, Class A
multi-housing project in the Portland suburb of Milwaukie, OR

PORTLAND, OR, June 21, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the capitalization of Axletree, a to-be-built, 110-unit, Class A multi-housing project in the Portland suburb of Milwaukie, Oregon.

The HFF team worked on behalf of the developer, Guardian Real Estate Services, to place a floating-rate construction loan through a regional bank.  Additionally, the HFF team arranged joint venture equity through Hanover Financial.

Carrie Kahn

Axletree will be situated at the intersection of SE Main and SE Washington Streets in downtown Milwaukie, less than 200 feet from the new MAX Orange Line stop. 

The project, which will be the first multi-housing community to be built in Milwaukie since 1995, is also positioned within walking distance to numerous retail and riverfront recreational amenities. 

Due for completion in the third quarter of 2019, the property will feature a mix of studios, one- and two-bedroom floor plans averaging 610 square feet. 

Casey Davidson

In addition, Axletree will encompass 77 parking stalls and nearly 7,000 square feet of ground-floor retail, and will offer impressive views of the Willamette River and Portland’s West Hills.

The HFF team representing the developer in the construction financing included managing director Casey Davidson. Senior managing director Ira Virden and director Carrie Kahn led the equity capitalization efforts.

Established in 1971 and headquartered in Portland, Oregon, Guardian Real Estate Services has evolved into a leading management, development and investment firm. 

The company offers a diversified real estate service platform, including property management, investments, development and advisory services. 

Guardian delivers custom solutions by offering a higher level of expertise, resources and creative capacity to develop a unique approach for each client. 

Ira Virden

 For more information, visit www.gres.com.

Hanover Financial, LLC is a fiduciary real estate capital manager based in Los Angeles with an additional office in the San Francisco Bay Area. 

 Founded in 1999, Hanover’s niche is providing equity capital to local and national developers and operators of real estate to facilitate the acquisition, reposition and/or development of multi-family and net lease properties. 

The company focuses on financing projects in the $2 million to $125 million range that typically require $500 thousand to $20 million of equity capital.  Since inception, the firm has invested approximately $400 million of equity capital comprising in nearly $2 billion of real estate projects.

For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

.  https://www.hanoverfinancialllc.com

Marcus & Millichap Brokers $3.9 Million Sale of 75,197-SF Office Building in Orlando, FL

Justin W. West

Orlando, FL, June 21, 2018 – 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 6039 S. Rio Grande Ave. Orlando, FL , a 75,197-square foot office property 100 percent occupied by the U.S. Army Reserves who utilize the facility for administration and training purposes, according to Justin W. West, regional manager of the firm’s Orlando office.

The asset sold for $3,915,000. Iwan Griffiths and Ray Turchi in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a bank/financial institution. The buyer, an investor in South Florida, was procured by the listing agents.

For more information, please contact:

 Justin W. West, Vice President / Regional Manager, Orlando (407) 557-3800

Marcus & Millichap Arranges $1.7 Million Sale of Anytime Fitness Site in Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Anytime Fitness, a 7,144-square-foot net-leased property located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,700,000

James Medefind

James Medefind and James Garner, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was a private investor in a 1031 exchange moving to the area.

“Our team is committed to maximizing exposure and ensuring that all qualified buyers brought to the table are properly vetted," said Garner.

"We welcome the opportunity to work with outside brokers so when a local Sarasota broker brought their 1031 exchange client to the table, we helped to position them in the best light possible. 

"Through a collaborative effort with the other broker, we were able to help the buyer and seller overcome a number of deal challenges from environmental concerns to deferred maintenance, which very easily could have derailed the deal. 

"I believe it was our persistence, transparency, and commitment to getting the deal across the finish line that made the difference in this one.” 

Anytime Fitness lies on busy Kennedy Boulevard with easy ingress/egress and a daily average traffic count of 41,500 cars. The property caters to the residents and businesses with an average household income of $97,416.

James Garner

 The property benefits from its excellent location on West Kennedy Boulevard, the main east-west thoroughfare in South Tampa, and a preferred development location for many companies entering the Tampa Bay. Anytime Fitness is located at 2905 West Kennedy Boulevard in Tampa, Florida.

For more information, please contact:

                         

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

NAI Realvest Signs Up Three New Professional Office Tenants at Lee World Center in Winter Park, FL

Jeff Bloom

ORLANDO, FL --- NAI Realvest recently closed three new professional office leases totaling more than 3,380 rentable square feet at Lee World Center, 1850 Lee Rd. in Winter Park.

Jeff Bloom CCIM, vice president at NAI Realvest, represented Landlord Pan Coastal LTD, Partnership of Orlando in all three transactions.

Lief Erickson

Dr. Laura Rampil DO, PA leased 2,073 square feet to open a new location for her osteopathic wellness center.  Lief Erickson of Winter Park Land Co. represented the tenant. 

At the same time, Bloom brokered lease agreements for 866 square feet to Sellati & Company, Inc. a rehab and mental health practice expanding into Central Florida and 441 square feet to rolfing therapist Robyn D. Martin.

For more information,  please contact:

Beth Payan, Larry Vershel Communications,

407-644-4142 Lvershelco@aol.com. 

Hold-Thyssen Completes Four Leases at Apopka Commerce Center in Apopka, FL

Alex Rowlinson

APOPKA, FL – Hold-Thyssen, Inc. a full service commercial real estate firm headquartered in Winter Park, recently completed four commercial flex leases totaling 12,338 rentable square feet at the Apopka Commerce Center.

The Hold-Thyssen team of Alex Rowlinson and Troy Stevens negotiated the transactions representing the South Florida-based landlord of the 98,000 square foot industrial park off of Bradshaw Rd. in Apopka.  

  “These four tenants bring Hold-Thyssen’s total to nine lease agreements completed at the center in 2018.

At 970 Ocoee Apopka Rd. Apollo Electrical Services, Inc. leased 1,866 square feet and Barracuda Building Corp. renewed its lease of 1,872 square feet;

Troy Stevens

At 535 Cooper Commerce Blvd., Kingdom Painting leased 6,400 square feet and Special Ops Tactical renewed its lease of 2,200 square feet.

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, please contact:

Beth Payan, Larry Vershel Communications,

407-644-4142 Lvershelco@aol.com. 

NAI Realvest Closes Three New Office Leases at South Park Business Center in Orlando, FL

 

Tom R. Kelley II

 ORLANDO, FL – NAI Realvest completed three multi-year office leases at South Park Business Center, 8600 Commodity Circle in Orlando.   

 A labor resource business, a hospitality management firm and a HVAC contractor are the new tenants occupying 6,000 rentable square feet.  

Tom R. Kelley, II, CCIM, principal NAI Realvest brokered the transactions on behalf of the Miami-based landlord South Park, LLC.   New tenants and the space leased include:  Your Labor Management, LLC, 2,239 square feet; Both Millenium Management Corp. and Stuart-based Coastline Cooling, LLC 1,830 square feet.   

For more information,  please contact:

Beth Payan, Larry Vershel Communications,

407-644-4142 Lvershelco@aol.com. 

SugarOak and Harbert Buy 2450 Maitland Center Parkway in Maitland, FL

2450 Maitland Center Parkway, Maitland, FL

 ORLANDO, FL –  SugarOak and Harbert Realty Services announced the purchase of 2450 Maitland Center Parkway located in the heart of Maitland Center.

This nicely appointed three-story office building totals approximately 40,000 square feet.  New ownership will be making some interior upgrades to the building, modernizing the lobby and improving the overall look of the property. 

The leasing & management team plans to re-introduce this asset to the market immediately with improved positioning and unique marketing and advertising initiatives.

Josh Smith, Vice President & Managing Director for Harbert Realty’s Orlando office, said he is “excited to be working with SugarOak to improve the asset’s standing in the market and within the brokerage community. 

Josh Smith

"The building has always appealed to the market but never had the tools for successful deal-making. Working with SugarOak to change the face of the property and the outlook within the market is a special opportunity.

"SugarOak and Harbert have a great track record in this market. This property will finally be well positioned to compete for deals and increase occupancy. ”

Andy Walsh, Director of Leasing for Sugar Oak said, “This is a beautiful asset that we are proud to have in our portfolio.  We love working in this market and it has always proved to be successful for us. 

"We are looking forward to continuing that trend in stabilizing this asset as we reintroduce and reposition the building in the marketplace”

SugarOak and Harbert Realty Services presents 2450 Maitland Center Parkway with competitive rates, amicable lease terms and tenant improvement packages in concurrency. 

 The property is nestled in the middle of the Maitland Center Office Parkand offers high-end finishes, fiber optics, backup generator, covered parking, building and monument signage and the opportunity for full floor occupancy. 

The property has convenient access to Interstate-4 and Maitland Boulevard. 

For more information, please contact:

Buffy Gillette with Harbert Realty Services at 407-377-4043

HFF announces $18.85 million in financing for 370 Interlocken Boulevard in Broomfield, CO

370 Interlocken Boulevard, Broomfield, CO

Leon McBroom

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces $18.85 million in financing for 370 Interlocken Boulevard, a 150,656-square-foot, Class A office building in the northwest Denver suburb of Broomfield, Colorado. 

The HFF team worked on behalf of the borrower, Equus Investment Partnership XI, L.P., the latest fully discretionary equity fund managed by Equus Capital Partners, Ltd. (Equus), to secure the seven-year, fixed-rate loan through Guggenheim Partners.  Loan proceeds were used to acquire the property.  

370 Interlocken Boulevard is situated within Interlocken Business Park along U.S. 36, the only highway between Boulder and Denver.  Positioned equidistant between downtown Denver and Boulder, the property is also proximate to Denver International Airport, Flatiron Crossing Mall and Flatiron Marketplace. 

Eric Tupler

Completed in 1998 and renovated in 2017, the six-story building features a two-story lobby with a fireplace, touchscreen directory, Wi-Fi access, a fitness center with showers and lockers, a high-end tenant lounge and a bike storage center, along with flexible floorplates that allow for panoramic mountain views.  

The 94-percent-leased office property is home to tenants, including Stantec, CliftonLarsonAllen and New York Life Insurance Company.

The HFF debt placement team representing the borrower consisted of director Leon McBroom and senior managing director Eric Tupler.

For more information, please contact:

 KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
krmurphy@hfflp.com

www.equuspartners.com.