Camille Renshaw named to Rutgers University Big Data Advisory Board

Camille Renshaw

 NEW YORK, NY, Aug. 30, 2018 – Camille Renshaw, CEO and co-founder of B+E, the first tech-driven brokerage and trading platform for net lease real estate, will serve as a board member on the Rutgers Big Data Advisory Board, part of the Rutgers University Center for Innovation Education.

“I am honored to serve on the board and look forward to working with Rutgers in equipping future leaders to make significant business contributions through data and its analytics,” said Renshaw.

Membership on the board is invitation-only and is based upon professional accomplishments. The board consists of diverse and innovative top-level executives from Salesforce, Prudential Life, Verizon, Merck, TIG, Johnson & Johnson and Morgan Stanley.

With offices in New York, Tampa and San Francisco, B+E sets the modern standard for net lease real estate brokerage services and performance.  

The B+E trading platform consists of user-friendly dashboards, real-time predictive pricing and an AI-driven exchange -- all leveraging the largest data set in the industry.

Buyers and sellers can conduct entire NNN transactions online, reviewing real-time credit, news and tenant data while they trade, much like online stock trading platforms.  The mission of B+E is to help virtually anyone confidently trade net lease. 

For more information, please go to www.benetlease.com.

CONTACT:

Press Release Contact:

John Vita

John Steven Vita Communications

John.vita@jsvcom.com

847/853-8283

Truss Expands in Texas with More Office and Retail Space Available

Marshall Hudes

DALLAS, TX and SAN ANTONIO, TX – Truss, an award-winning platform for commercial real estate, announced it will expand its retail and office space into the Dallas and San Antonio markets with more than 7,000 spaces across both markets.

 Truss now has more than 300 million square feet of office, retail and industrial space available to search, tour and lease on its platform.

"Truss is a useful high-tech tool that was instrumental in my search for office space.  I was able to view and shortlist viable properties online in a matter of minutes,” said Cindy Cohn, principal, Springboard Consulting, San Antonio.

 “'Vera,' the automated chatbot, presented my options in terms that I could understand and provided all-in economics with no surprises. My broker was knowledgeable and helpful throughout the lease negotiation process. I recommend using Truss to find your next office, retail or industrial space."

Cindy Cohn

Truss’ expansion in Texas follows ongoing demand for more office space, retail or industrial space in several markets including Dallas, San Antonio, Austin and Houston. Recently, the four Texas cities were named in the top 15 for the ‘Biggest Boomtowns in America,’ according to MagnifyMoney. 

“We’ve experienced high adoption rates for Truss throughout Texas, largely because many of the cities are tech-savvy, fast growing and diverse,” said Marshall Hudes, co-founder of Truss. “Based on our continued growth and demand in these markets, we’re expecting to see ongoing demand from small business owners in this region, including in Dallas and San Antonio.” 

Business owners can search, tour and lease office, retail and industrial space through Truss platform, which uses artificial intelligence (AI) to review and compare their options in the market. 

To learn more about Truss, please visit www.truss.co or follow them on social media on Facebook, Instagram and Twitter.

CONTACT:

Molly Lynch

molly@lynchgrouponline.com 

773-505-9719

@mollylynch on Twitter 

Native Realty’s Jaime Sturgis Obtains Listing for Uptown Fort Lauderdale Retail Development

Rendering of planned Crown Center Plaza,
Uptown Fort Lauderdale, FL

FORT LAUDERDALE, FL –– Native Realty Founder and CEO Jaime Sturgis has been selected to exclusively lease Crown Center Plaza, a retail project under construction on Cypress Creek Road in Uptown Fort Lauderdale – an evolving hub for technology, government and aviation office tenants.

 Developed by Midgard Group, Crown Center Plaza is poised to fill a void for high-quality retail and restaurant offerings to service the robust professional population.

The 18,000-square-foot retail center at 1475 W. Cypress Creek Road is scheduled for August 2019 completion. Crown Center Plaza is designed with high ceilings, open floor plans, hurricane resistant windows and opportunities for prominent signage with visibility from I-95.

CONTACT:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

HFF announces sale of The Lex in Chicago’s South Loop

                                                                Photo by Jon Pabst Photograpy

                       The  Lex Apartments, South Loop, Chicago, IL

Sean Fogarty

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Lex, a 332-unit, high-rise apartment property in Chicago’s South Loop.

The HFF team represented the seller, Crescent Heights, in the sale of the property to the buyer, FPA Multifamily, LLC.  The property was purchased free and clear of existing financing.

The Lex is located in the heart of the McCormick Square entertainment district at 2138 S. Indiana Avenue. 

The property is a 15-minute walk to the lakefront and directly adjacent to the recently constructed Wintrust Arena and Marriott Marquis Hotel. 

Completed in 2009, The Lex consists of one 35-story tower and one seven-story tower comprising a variety of one-, two- and three-bedroom units averaging more than 900 square feet each.

Marty O'Connell

  Units feature luxury finishes such as granite countertops, contemporary wood cabinetry, Centiva contour plank flooring, high-end appliances, marble vanities, floor-to-ceiling windows and private balconies with panoramic views of the city. 

Community amenities include a sixth-floor rooftop terrace with a swimming pool, hot tub, outdoor grilling and poolside lounge seating; 24-hour fitness center; billiards and resident lounge; business center; dog run; and a resident-only secured parking garage. 

The Lex also features more than 17,000 square feet of ground-floor retail and dining space.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby and director Kevin Girard.

Wick Kirby

CONTACTS:

SEAN P. FOGARTY

IL Lic. #475.137841

HFF Managing Director

(312) 528-3650

sfogarty@hfflp.com

OLIVIA N. HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

http://www.crescentheights.com/.

http://www.fpamf.com/.

HFF announces $148 million sale of 20-building light industrial portfolio in Dallas, Houston and Charlotte

Light Industrial, Dallas, TX

DALLAS, TX –– HFF announces the $148 million sale of a 20-building, Class A, light industrial portfolio totaling 1.25 million square feet in Dallas and Houston, Texas, and Charlotte, North Carolina.

Light Industrial, Houston, TX

The HFF team marketed the property on behalf of the seller, Adler Real Estate Partners.  Exeter Property Group purchased the portfolio.

The portfolio comprises Cardinal Park in Dallas; three properties in Houston, Bammel Business Park, Business Center at Park 10 and Legacy Park; and Shopton Ridge in Charlotte.  All five properties are situated in highly desirable, infill submarkets with strong tenant demand.

Light Industrial, Charlotte, NC

The HFF investment advisory team representing the seller included managing director Adam Herrin and director Stephen Bailey along with senior managing directors Rusty Tamlyn and Chris Norvell, managing director Trent Agnew and director Patrick Nally.

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

Holliday GP Corp. ("HFF") is a North Carolina licensed real estate broker.

CONTACTS:

ADAM HERRIN

TX Lic. #0551645

HFF Managing Director

(214) 265-0880

aherrin@hfflp.com

STEPHEN BAILEY

TX Lic. #648685

HFF Director

(214) 265-0880

sbailey@hfflp.com

RUSTY TAMLYN, CCIM, SIOR

TX Lic. #0225187

HFF Senior Managing Director

(713) 852-3500

rtamlyn@hfflp.com

CHRISTOPHER NORVELL, SIOR

NC Lic. #240226

HFF Senior Managing Director

(704) 526-2800

cnorvell@hfflp.com

TRENT AGNEW, SIOR

TX Lic. #574897

HFF Managing Director

(713) 852-3500

tagnew@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

https://adler-partners.com.

http://exeterpg.com.

HFF announces The Luzzatto Company’s acquisition of Austin Oaks in Austin, TX

Austin Oaks Office Park, Austin, TX

DALLAS, TX –– HFF announces The Luzzatto Company’s acquisition of Austin Oaks, a 12-building office park totaling 445,322 square feet in Central Austin.

The HFF team marketed the offering on behalf of the seller, Spire Realty Group LP.  An affiliate of The Luzzatto Company, Inc. (TLC), a Los Angeles-based investment firm, purchased the asset and was assisted by HFF in securing the 10-year acquisition loan through a life company lender.

Marc Luzzatto

Situated on 31.4 acres along MoPac (Loop 1), Austin Oaks is Austin’s largest infill office park and is currently home to 140 tenants representing a diverse mix of industries, including financial services, healthcare, legal and technology. 

Originally constructed throughout the 1970’s and 80’s, the redevelopment will be designed by Austin-based Michael Hsu Office of Architecture and will place an emphasis on green initiatives and aesthetic elements such as art and landscaping. 

“I am excited to return to Austin, where I spent my law school years, and give something back to the community in the form of a wonderful and creative home for the dynamic business community that has evolved since my time at the University of Texas,” said Luzzatto Co. Chairman Marc Luzzatto.

  “I see a lot of similarities between the vibe in Austin and in Santa Monica/Silicon Beach, and we want to provide the same kind of creative environment at Austin Oaks that we have created in some of our properties in Silicon Beach.”

Michael Hsu

Hsu said. “We are thrilled to work on what may be the single most significant repositioning opportunity in Austin, if not all of Texas. The existing buildings create a perfect backdrop to transform this development into a modern reflection of Austin, which will blend with the city’s physical and business landscape.”

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

CONTACTS:

ANDREW LEVY

TX Lic. #0413696

HFF Senior Managing Director

(214) 265-0880

alevy@hfflp.com

PAUL BRINDLEY

HFF Senior Managing Director

(310) 407-2100

pbrindley@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Hold-Thyssen Principal Closes Sale of Former Paddy’s Pub in Winter Park, FL

Robert P. Hold

WINTER PARK, FL  --- Robert P. Hold, principal at Hold-Thyssen, Inc., recently closed the sale of a Winter Park landmark – The former Paddy’s Pub – at 1566 W. Fairbanks Ave.  

  The bar and restaurant operated for over 25 years at the location before closing prior to Hold’s purchase in October 2017.

Byrnes Properties, LLC paid $850,000 for the 2,915 square foot building constructed on the site in 1948.  The sale included a 13,244 square foot lot.  The new owner plans to raze the building and redevelop the property for a dental practice.

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

For more information about this press release, please contact

Robert P. Hold, Principal, Hold-Thyssen, Inc. 407-691-0505, bhold@HoldThyssen.com

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

HFF announces $12.8 million financing for 3-building industrial property in City of Industry, CA

Matthew Stewart

LOS ANGELES, CA –– HFF announces the $12.8 million financing for 341-345 Baldwin Park, three industrial distribution and warehouse buildings totaling 165,681 square feet in the Los Angeles suburb of City of Industry, California.

The HFF team worked on behalf of the borrower, a partnership between Colorado-based EverWest Real Estate Investors, LLC and an investment partner, to place the 10-year, non-recourse loan at a 4.20- percent fixed-rate with a correspondent insurance company.  Additionally, HFF will service the loans.

Renovated in 2006, 341-345 Baldwin Park’s three buildings include a total of 33 loading docks, driveways that measure 37 feet wide for complete distribution functionality and warehouses along with office space. 

The property, located one mile from the on-ramps of Interstates 605 and 10, is in a prime infill location within Los Angeles’ Industry/La Puente industrial submarket. 

341-345 Baldwin is 17 miles from downtown Los Angeles and approximately 33 miles from the Ports of Los Angeles and Long Beach.

The HFF debt placement team representing the borrower included director Matthew Stewart.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

CONTACTS:

MATT STEWART

CA Lic. #01956812

HFF Director

(310) 407-2100

mstewart@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

http://everwest.com.

HFF announces financing for senior housing development in Denver, CO

Rendering of planned Solera at Cherry Creek Apartments,
Cherry Creek Neighborhood, Denver, CO

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces construction financing for the development of Solera at Cherry Creek, a Class A seniors housing development in the Cherry Creek neighborhood of Denver, Colorado.

David Fasano

The HFF team worked on behalf of the developer, a joint venture between affiliates of Banner Senior, LLC, Solera Senior Living and Wheelock Street Capital, to arrange the non-recourse construction loan through a national bank.

Solera at Cherry Creek will comprise 64 assisted living apartments and 32 memory care units within a three-story building totaling approximately 55,000 rentable square feet. 

 The community will feature contemporary design, local influences and best-in-class amenities such as outdoor walking paths, a fitness studio and relaxation room, on-site rehabilitation center, gourmet restaurant with mountain views and an exhibition kitchen, piano bar and lounge, outdoor terrace with a glass firepit, beauty salon and spa, multi-functional spaces designed to maximize engagement as well as innovative programs and technologies. 

Sarah Anderson

 Due for completion in 2019, the property is designed by Rosemann & Associates, a firm experienced with well thought-out and innovative senior living communities. 

Solera at Cherry Creek is being constructed on a three-acre site at 2453 S. Wabash Street in the heart of Cherry Creek, which is one of Denver’s most affluent neighborhoods and home to multiple parks, dining, retail and entertainment options, including Cherry Creek North, Cherry Creek Shopping Center and the Cherry Creek Arts District.

Brock Yaffe

The HFF team representing the borrower included senior director David Fasano and directors Sarah Anderson and Brock Yaffe.

 Banner Senior, LLC is an affiliate of Banner Real Estate Group, a fully integrated real estate operating company based in Northbrook, Illinois, focusing on the acquisition, management and development of multifamily properties and the development of seniors housing and self-storage facilities nationwide. 

 Since its initial founding in 1989, Banner has acquired and operated 46 multifamily properties and has developed 19 self-storage facilities and apartment communities, collectively worth over $1.3 billion. For information, visit 

Solera Senior Living is a next generation senior living operator, developer and investor founded in 2016 by Adam Kaplan.  Including existing projects and assets in various stages of development, Solera will have 250 team members and approximately $200 million under management. 

CONTACTS:

DAVID FASANO

HFF Senior Director

(214) 265-0880

dfasano@hfflp.com

SARAH ANDERSON

HFF Director

(214) 265-0880

sanderson@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com

https://www.soleraseniorliving.com/.

https://www.bannerrealestategroup.com/.

https://wheelockst.com/.