HFF announces sale of Allegiance Crane & Equipment headquarters in South Florida

Tracey Goo

MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 31,593-square-foot warehouse and office property that serves as the corporate headquarters for Allegiance Crane & Equipment in the South Florida community of Pompano Beach.

 

Jesse Wright

HFF marketed the property on behalf of the seller, LRG Cross LLC.  CenterPoint Properties Trust purchased the asset. 

The facility consists of two buildings that comprise 23,853 square feet of warehouse and 7,740 square feet of office space. 

Allegiance Crane & Equipment, which provides crane rental and rigging services, has occupied the property since 2010 and uses it as its headquarters and warehouse facility to service the construction, energy and infrastructure industries. 

Situated on 5.01 acres at 777 South Andrews Avenue, the property is strategically located in Pompano Beach, just west of Interstate 95 and three miles east of Florida’s Turnpike, Florida’s two major north-south thoroughfares. 

Maxx Carney

Its location lends it easy access to South Florida’s largest metropolitan areas, including Miami, Fort Lauderdale and West Palm Beach.

The HFF investment advisory team representing the seller included Tracey Goo, Maxx Carney, Nick Foster, Jesse Wright and Luis Castillo.

“Investor interest for industrial properties in South Florida continues to be very robust,” Goo said.  “We received a number of aggressive offers that incorporated accelerated due diligence and closing timeframes.  A material pricing premium is available for industrial assets right now.”

Nick Foster

HFF closed more than 1.3 million square feet of South Florida industrial sales last month.

CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. 

 The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes.  

CenterPoint’s portfolio includes 58.9 million square feet and 2,386 acres under development in the company’s integrated intermodal industrial parks. 

Luis Castillo

 For more information on CenterPoint Properties, visit www.centerpoint.com or follow@centerpointprop on Twitter.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Spirit Airlines Expands Corporate Headquarters at Miramar Park of Commerce in Miramar, FL

Maridee Bell

MIRAMAR, FL – Spirit Airlines (NYSE:SAVE) has expanded its corporate headquarters by 26,287 sq. ft. at the Miramar Park of Commerce, South Florida’s largest locally owned and managed business park.

Lauren Pace

Spirit Airlines first established its headquarters at the Park in 1999 with a lease for 56,194 sq. ft. at 2800 Executive Way. With a 14,625 sq.-ft. expansion in 2013 and the latest addition, Spirit now occupies a total of 97,106 sq. ft. at the Park.

Derek Dombrowski

“Our expansion at the Park is commensurate with Spirit’s overall growth as a company,” said Chip Sandifer of Spirit Airlines. “Our expanding aircraft fleet requires increased support to accommodate more passengers, both from a customer service and an operational perspective.”

In the last six months, Spirit has added seven new planes to its Fit Fleet^®, the country’s newest fleet consisting of the youngest planes.

Spirit Airlines is the eighth largest commercial airline in North America, conducting flights among 67 airports in 15 countries. Fort Lauderdale / Hollywood International Airport is its largest and most active station with 54 destinations accessible via 65 daily flights.

“With this expansion, Spirit has nearly doubled in size since first leasing with us,” said Vice President Maridee Bell of Sunbeam Properties, developer of the Miramar Park of Commerce.

Rod Laschiavo

“Since relocating its corporate headquarters to Miramar in 1999, the Park has been ideal for the airline due in part to its accessibility and central location in South Florida, which benefits employees based in both Broward and Miami-Dade counties.”

Spirit Airlines employs approximately 1,000 team members at the Miramar Park of Commerce. “We are growing and adding jobs all the time,” added Derek Dombrowski, spokesperson for Spirit Airlines.

The company anticipates additional growth as it becomes the first ultra-low cost carrier in the Americas to offer Wi-Fi, with plans to install Wi-Fi on all of its planes by summer 2019.

The Park was represented by Bell and Lauren Pace of Sunbeam Properties & Development in the transaction. Spirit Airlines was represented by Rod Loschiavo and David Matthews of JLL.

For more information please contact:

Maria Pierson

954-776-1999, ext. 222

mpierson@piersongrant.com

Harbert Realty Services Brokers 12,250-SF Commercial Lease in Sanford, FL

Buffy Gillette

ORLANDO, FL – Buffy Gillette, Director of Leasing & Sales for Harbert Realty Services announced the completion of a 12,250 square foot lease in Sanford, FL.

Gillette handled the lease for Project Management & Installation (PM&I) at 3864 Caboose Lane.  This is a new construction project and the Tenant built out space to meet their growing needs. 

This commercial office furniture installation team nearly tripled in size in the last year as demand for their services and expertise increased significantly.  PM&I is known for their high performance, quality customer service and seamless set up and delivery.

For more information please contact:

Kim Varagona,

 kvaragona@harbertrealty.com

Who´s Who in Luxury Real Estate™ Selects Engel & Völkers Snell Real Estate To Host Largest Luxury Real Estate Conference

Los Cabos, Mexico -- For the first time in history, Engel & Völkers Snell Real Estate has been selected by Who's Who in Luxury Real Estate™ to host the 2019 Luxury Real Estate Spring Retreat. 

More than 500 top industry professionals, international leaders, and masters in the field will meet in Los Cabos to network and foster business. 

With a 25-year history of presenting conferences in key market locations including Beverly Hills, Miami, Maui, Seattle, Toronto, London and more, the Luxury Real Estate network now welcomes Los Cabos, Mexico to its growing list of symposium destinations, and Engel & Völkers Snell Real Estate is preparing the way for an industry game changer experience.

Vanessa Fukunaga

¨Our approach, passion, and overall vision to making this happen has been an exciting journey and now what a true honor this is to host such a unique networking platform right here in Los Cabos," states Vanessa Fukunaga, Owner, President | CEO of Engel & Völkers Snell Real Estate.

"The opportunity to showcase the true value of our brokerage, our listings, and the destination is one that will allow us to further reinforce our foothold in the luxury market and service our global community,¨ 

For more information please contact:

Tania Ashby
Public Relations
Tania.ashby@engelvoelkers.com
866.650.5845 (Toll-free)
www.snellrealestate.com

Henin Closes Sale of 49 Homesites at Springview Woods in DeBary, FL

DeBary, FL --- The Henin Group, developer of the luxury Riviera Bella community overlooking the St. Johns River, has closed on the sale of 49 single-family home sites at Springview Woods in DeBary to homebuilder D.R. Horton.

Springview Woods is an affordable new home community Henin is developing with a total of 195 home sites on Spring Vista Drive off U.S. Hwy. 17-92 midway between Dirksen Drive and Highbanks Rd. 

Jerome Henin

Jerome Henin, president of the Winter Park-based firm, said he acquired one of the last parcels of developable land totaling 64 acres in the Springview subdivision for $3.85 million in 2016 from Springview Heights, LLC.    

The 49 homesites represent Phase I of Springview Woods where D.R. Horton is the preferred builder who plans to start construction in June on its first model home. 

The homebuilder plans to offer one and two-story homes in six distinct designs priced from the low-$200s.  Sales are expected to get underway this summer.  

Springview Woods is located minutes from the West Volusia SunRail station and Interstate 4.   Residents will have easy access to shopping, dining, hospitals, medical services, airports, entertainment and employment centers.  

*  *  *

 For more information, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 

407-644-4142 Lvershelco@aol.com

Blackton to Supply Flooring for The Villages’ Homes Coming to New Communities across 5,600 Acres in Wildwood, FL

Orlando, FL and Wildwood, FL --- Blackton, Inc., based in Orlando and one of the region’s largest and most active suppliers of materials to the homebuilding industry, will supply flooring materials for homes in new communities within the 5,600 acres The Villages Land Company LLC recently acquired from City of Wildwood.

Initially The Villages of Westlake will take shape within the acquired land on 1,115 acres which is approved for a 3,000-home development along the Florida Turnpike near the intersections of West CR 470 and SR 48. 

Blackton is currently supplying flooring to new homes at The Village of Fenney, one of the developer’s newest neighborhoods currently underway and adjacent to the recently acquired acreage.

Michael “Micky” Blackton, chairman and CEO of Blackton, Inc., said his family-owned business has been partnering with The Villages on both flooring and roofing for over a decade. 

“The Villages has been a loyal client and we look forward to supplying their needs in the years to come,” he said, adding “Active adults will continue to retire to Florida as they have for over a century. The Villages can supply them and we can supply The Villages.”

Ultimately 22,000 new homes will be built within the newly acquired 5,600 acres between CR 501 and the Turnpike south of CR 470, which includes several hundred acres earmarked for conservation.

The Villages retirement community comprising 34 square miles in Lake, Sumter and Marion Counties was ranked last year as the fastest growing U.S. metro area for the fourth year in a row by the U.S. Census Bureau.  The average price of a home in The Villages was at $259,700 as of April 30 according to the Zillow Home Value Index. 

  

 For more information, please contact:

Michael “Micky” Blackton, Chairman, Blackton Inc. 407-898-2661 Micky@Blacktoninc.com

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

Private Communities Registry Notes Active Lifestyles Tops Reasons in Buying Retirement Homes

Marie Roberts

Vero Beach, FL – What do potential homebuyers want most in a retirement community? A variety of experiences catering to their wide range of interests.

In its recently released “2018 Survey of Homebuyers Researching Lifestyle Communities,” Private Communities Registry (PCR) says that the majority of 55+ year old homebuyers are seeking “healthy, active lifestyle” as the greatest attraction in the marketplace.

More than 3,200 respondents provided new data concerning the lifestyle and financial aspects they consider when purchasing a retirement or second home.

The top three most sought-after amenities are swimming pools (77%), fitness centers (76%), and walking/biking trails (71%).

“Buyers are looking for experiences that contribute to the richness of their lives and to their continued wellness,” said Marie Roberts, President of Private Communities Registry (PCR).

“Leisure and recreation are important. However, the stereotypical retirement amenities of bridge, shuffleboard, and lawn bowling have largely been replaced with more active pursuits such as pickleball, yoga, walking, and biking trails.”

. Roberts said. “Proximity to healthcare, shopping, dining, and recreation also are important.”

For additional information about PCR, access the web site at www.privatecommunities.com.

Founded in 1996, Private Communities Registry, Inc. (PCR) is the trusted online resource for real estate shoppers interested in amenity-rich, master-planned lifestyle communities.

 Located in Vero Beach, Florida, representatives may be reached at (772) 234-0434, toll free at (800) 875-3072, or at info@privatecommunities.com.

For access to complete survey and results, please contact Karen Moraghan, Hunter Public Relations at 908/963-6013 or kmoraghan@hunter-pr.com.

 For more information, please contact:

Karen Moraghan

Hunter Public Relations

908/963-6013

kmoraghan@hunter-pr.com

HFF announces financing for off-campus student housing community in Eugene, OR

Arena District Student Housing Community, University of Oregon,
Eugene, OR

SAN DIEGO, CA, July 10, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for Arena District, a 65-unit/244-bed, off-campus student housing community serving the University of Oregon in Eugene, Oregon.

The HFF team worked on behalf of Cardinal Group to secure the floating-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.  Loan proceeds were used to acquire the property.

Arena District is located at 2050 E. 15^th Avenue less than a quarter mile east of the University of Oregon campus, which serves approximately 23,600 students. 

Pat Burger

Completed in 2014, the property is a five-minute walk from both the Matthew Knight Arena and historic Hayward Field and is approximately 1.5 miles east of downtown Eugene. 

 Arena District comprises mostly four-bedroom units featuring modern finishes and green design components and community amenities, including a fitness center, hot tub, private study room, 24-hour study area and internet café, 24-hour multimedia lounge, clubroom with gaming and pool table and outdoor courtyard with grilling station. 

The LEED-certified property was 97 percent leased for the 2017-2018 school year.

The HFF debt placement team representing the borrower included senior director Pat Burger.

“HFF is pleased to have assisted Cardinal Group with its latest acquisition as they continue to grow their national portfolio,” Burger said.  “They are a best-in-class operator with three properties already under management in the market. With this acquisition, they now also own a best-in-class asset serving UO.”

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

http://www.cardinalgroup.com

HFF announces $87.75 million sale of Maryland apartment community

Rolling Hills Apartments, 19228 Circle Gate Drive,
 Germantown, MD (photo by Nick Waring)
,

Walter Coker

 WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $87.75 million sale of Rolling Hills, a 468-unit apartment community in Germantown, Maryland.

The HFF team marketed the property exclusively on behalf of the seller, Clark Enterprises, Inc., and procured the buyer, Pantzer Properties, Inc. 

In addition, the HFF team acted as agent for Pantzer by securing debt financing through Freddie Mac.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Rolling Hills is located at 19228 Circle Gate Drive approximately one mile from Interstate 270 and adjacent to Great Seneca Highway, which offers connectivity to Rockville, Bethesda and Washington, D.C. to the south and Urbana and Frederick to the north. 

Brian Crivella

The commuter-friendly property is also adjacent to a MARC train station (Brunswick Line) and just north of the Shady Grove Metro Station, which together offer access to the broader Washington, D.C. metropolitan area. 

 Rolling Hills consists of 39 three-story buildings comprising a mix of two- and three-bedroom units averaging 1,205 square feet.  

The 40-acre, park-like community features a resort-style pool, fitness center and renovated club room as well as numerous tot lots, dog parks, soccer fields and picnic/grilling areas.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Stephen Conley, a Maryland licensed real estate broker.

Nicole Brickhouse

HFF’s debt placement team representing the new owner consisted of Jamie Leachman and Nicole Brickhouse.

.Clark Enterprises, Inc. (CEI) is a diversified investment company based in Bethesda, Maryland.  CEI has been an active real estate investor since its inception in 1972, growing its real estate portfolio to approximately $1 billion of CEI equity value.  

Jamie Leachman

The CEI portfolio is primarily located in the Washington, D.C. area and includes stabilized assets and development projects across multiple product types, including office, residential and hotel.  For further information, please visit http://www.clarkenterprises.com/.

Pantzer Properties, Inc. is a vertically integrated owner/operator of multifamily assets on the east coast of the United States.  

Pantzer’s approximately 12,900-unit portfolio of 40 properties extends from the greater Boston to Washington, D.C. metro area.  

The firm was founded in 1971 and is headquartered in New York City with offices in New Jersey, Philadelphia and Northern Virginia.  Further information is available athttp://www.pantzerproperties.com/.

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

HFF announces $19 million financing for student housing portfolio in Bethlehem, PA

71-Building Student Housing Portfolio, Lehigh University, Bethlehem, PA  

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announces $19.454 million in acquisition financing for a 71-building/383-bed, scattered-site student housing portfolio at Lehigh University in Bethlehem, Pennsylvania.

The HFF team worked exclusively on behalf of the borrower, a private investment vehicle managed by Hong Kong-based Beacon Assets, to arrange the five-year, fixed-rate acquisition loan through Natixis. 

 HFF’s investment advisory team arranged the sale of the portfolio to the borrower, details of which were recently released in a separate announcement.

James Conley

The 71 properties within the portfolio have prime ‘walk to campus’ locations and convenient access to nightlife and retail.  The portfolio achieved close to 99 percent occupancy during the last two academic years amidst strong year-over-year rent growth. 

 Lehigh University has an enrollment of more than 7,000 with growth of 25 percent expected during the next seven years.

The HFF debt placement team representing the borrower included managing director James Conley.

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500