Evergreen Real Estate Group and Chicago Housing Authority Celebrate Groundbreaking of 48-Unit Oso Apartments in Chicago’s Albany Park Neighborhood

  

Oso Apartments Groundbreaking:  From left: Jeffrey Rappin, founder and chairman of Evergreen Real Estate Group; Andre Pintauro, president of Evergreen Construction Company; Douglas Leezer, director at Citi Community Capital; John T. Hooker, Board Chairman at Chicago Housing Authority; Thomas Applegate, executive director at North River Commission; Andy Decoux, director of multifamily financing and business development at Illinois Housing Development Authority; David Block, director of development for Evergreen Real Estate Group; 35^th Ward Ald. Carlos Ramirez-Rosa; Jeanne Gieseke, assistant director at U.S Bancorp Community Development Corporation; Steve Rappin, president of Evergreen Real Estate Group; Jaime Torres, principal and founder of Canopy Architecture + Design; and Eric Meyer, project manager for Evergreen Real Estate Group.

CHICAGO, IL — Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Ave. in Chicago’s Albany Park neighborhood.

35^th Ward Ald. Carlos Ramirez-Rosa speaks at the groundbreaking ceremony for Oso Apartments on Oct. 11.

Evergreen and CHA representatives joined 35^thWard Ald. Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority (IHDA) and other community stakeholders at a ceremonial groundbreaking on Oct. 11.

David Block

“Oso will provide much-needed housing for residents who want to be part of this economically vibrant, transit-served neighborhood without being burdened by the rapid rent increases that have created a need to preserve and create affordable housing in many Chicago communities,” said David Block, director of development at Evergreen Real Estate Group.

“With so much residential construction focused on the upper end of the market, there’s a growing need – in Albany Park and across Chicago – for housing that is affordable to low- and middle-income families who are the lifeblood of this city.”

Located at the southwest corner of Montrose Avenue and Bernard Street, the new five-story building will offer 32 one-bedroom and 16 two-bedroom apartments, with first move-ins scheduled for late summer 2019.

Of the 48 apartments, 32 will be set aside for renters on CHA’s waiting list. The remaining 16 units will be reserved for households earning up to 60 percent of the area median income.

Andre Pintauro

“CHA is pleased to work with Evergreen Real Estate Group, IHDA and Ald. Ramirez-Rosa in delivering greater housing opportunity to the Albany Park community,” said Eugene E. Jones Jr., CEO of CHA. “Oso Apartments are another piece of CHA’s commitment to bringing affordable housing to neighborhoods across the city.”

“Oso is truly a labor of love for the entire Evergreen team, and it is the result of a collaborative effort between the development and construction divisions,” said Andre Pintauro, president of Evergreen Construction Company.

“We’re proud to be part of such a transformative project that will replace a vacant lot with a modern structure that can serve as a model for future affordable housing development in infill locations.”

IHDA Executive Director Audra Hamernik added that the Oso Apartments will help meet a critical need for affordable housing in Chicago by transforming a vacant lot into a vibrant rental community for Albany Park families.

Audra Hamernik

“This partnership between stakeholders at the local, state and federal levels will not only result in the development of high-quality housing in the area, but also create economic and educational opportunities that will serve families in the neighborhood for years to come,” ​Hamernik said.

On-site amenities will include a public plaza at the corner of Montrose and Bernard, as well as a smaller landscaped area for residents, located on the west side of the property.

In addition, Oso will offer a large community room, in-building laundry and bike storage, and 22 parking spaces.

Eugene E. Jones

The development adheres to recommendations put forth in a 2017 study conducted by ULI Chicago, in partnership with the Chicago Metropolitan Agency for Planning, according to Block.

 The two-day workshop, which enlisted an 11-person panel of housing policy and legal experts, developers, lenders and community development professionals, focused on strategies for maintaining and building workforce housing affordable for middle-income households in Albany Park and adjacent neighborhoods – part of a broader plan prepared by CMAP and the North River Commission.

Designed by Chicago-based Canopy Architecture + Design, Oso will have a gray metal façade with bright yellow accents. The entrance will feature an art wall with a mural or mosaic design. 

The project is one of the latest ground-up developments built by Evergreen Construction Company, a division of Evergreen Real Estate Group.

CONTACTS:

 Kathryn Kjarsgaard, kkjarsgaard@taylorjohnson.com,

 (312) 267-4514

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

www.evergreenreg.com.

NAI Realvest Closes on Long-Term Leases Totaling Over 100,000 SF at Orlando-Sanford International Airport

Rachel Saunders

Orlando, FL and Sanford , FL --- NAI Realvest recently closed long-term lease agreements totaling 101,642 square feet for new and growing businesses at the Orlando-Sanford International Airport Commerce Park .   

The NAI Realvest team of Partner Paul P. Partyka, CCIM, MICP and Land Specialist/Associate Rachel Saunders, MBA brokered the transactions on behalf of the Landlord Sanford Airport Authority. 

Mahoney Supply is expanding its operations on Aviation Loop by 11,000 square feet.  The company that fabricates and designs metal products for industrial, marine and transportation projects now leases 17,610 square feet;

and Synergy Wood Products, a supplier to the homebuilding industry, expanded its space by 10,448 square feet at 1143 W. 30^th Street .  Synergy now leases 68,000 square feet at the Airport Commerce Park , and will grow significantly more in the near future, according to Partyka.  

Paul Partyka

A new tenant expanding into the Central Florida market leased 7,940 square feet of industrial space for a long-term at 2774 Carrier Ave. , Building 141. Concurrent Group, LLC is an established Miami-based utility contractor with decades of expertise in electrical contracting, utility construction, maintenance and storm restoration.  

The Partyka and Saunders team, helping maintain business in the Sanford submarket, also negotiated two lease renewals at the Airport Commerce Park .

 Florida Clay Art renewed their lease of 4,020 square feet at 1645 Hangar Rd. Building 256; and Win4Autism, Inc., a non-profit who raises funds for families affected by autism, renewed 4,072 square feet at 2764 Navigator Ave. Building 138N&S.        

CONTACTS:

Paul P. Partyka, CCIM, MICP, Partner, NAI Realvest,

407-875-9989, ppartyka@realvest.com or

 Rachel Saunders MBA, Rsaunders@realvest.com

Robin L. Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 Rwebb@realvest.com

 Larry Vershel or Beth Payan, Larry Vershel Communications

407-644-4142 Lvershelco@aol.com

HFF announces the sale of Three suburban Houston office properties for MetroNational

15150 Memorial Drive, Houston, TX

HOUSTON, TX –– HFF announces the sale of three suburban Houston office properties totaling 230,506 square feet on behalf of MetroNational. 

The properties are located at 2930 West Sam Houston Parkway, 10401 Centrepark Drive and 15150 Memorial Drive.  

 2930 West Sam Houston Parkway (top)
and 10401 Centre Park Drive (bottom),
 Houston, TX

The HFF team procured three separate buyers for the buildings.  2930 West Sam Houston Parkway was purchased by Amerix Capital. 

Dan Miller

 Enterprise Holdings, Inc. was the buyer of 10401 CentrePark Drive and 15150 Memorial Drive was purchased by S&B Engineers and Constructors, Ltd., who was represented by Mission Asset Marketing, Inc.

2930 West Sam Houston Parkway, also known as the Kempwood Building, and 10401 Centrepark Drive are located along Beltway 8 in Houston’s West Belt submarket. 

This has been one of the fastest growing submarkets within the Houston MSA over the last decade and is convenient to the employment pool in the northern and western sections of the city as well as Interstate 10. 

Completed in the early 2000’s, the properties are 94.2 and 69.7 percent leased respectively, to an investment grade tenant base, including Enterprise Holdings, Canon Inc., Texas Capital Bancshares, Helmerich & Payne Inc. and Eco-Stim. 

Trent Agnew

15150 Memorial Drive is positioned just west of the intersection of Memorial Drive and Eldridge Parkway in the heart of Houston’s Energy Corridor. 

 The 5.7-acre site has direct access to the Interstate 10 feeder road and is convenient to Highway 6 providing north/south access. 

Originally built in 1992, the 155,118-square-foot vacant property features 27,000-square-foot floorplates, a structured parking garage and most recently served as the headquarters for PGS Americas

The HFF investment advisory team representing the seller included senior managing director Dan Miller and managing director Trent Agnew.

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

CONTACTS:

DAN MILLER, CCIM, SIOR

TX Lic. #0289851

HFF Senior Managing Director

(713) 852-3500

dmiller@hfflp.com

TRENT AGNEW

HFF Managing Director

(713) 852-3500

tagnew@hfflp.com  

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

www.metronational.com.

HFF announces the sale of Sheraton Denver Downtown Hotel

Sheraton Denver Downtown Hotel, 1550 Court Place,
 Downtown Denver, CO

 

Eric Tupler

DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of the Sheraton Denver Downtown Hotel, a 1,231-room, full-service hotel housed within a 1.9-million-square-foot mixed-use development in downtown Denver.

 The HFF team marketed the property on behalf of the seller, a partnership operated by The Chartres Lodging Group, LLC.  

A joint venture between High Street Real Estate Partners and Eagle Four Real Estate Partners acquired the asset.

 With its 1,231 rooms, Sheraton Denver Downtown Hotel is the largest hotel in Colorado by key count. 

 The hotel comprises the 22-story IM Pei Tower and an eight-story Plaza Building that houses 133,000 square feet of function space, including a 28,000-square-foot ballroom and 53 versatile meeting spaces; 31,915 square feet of retail space; a fitness center; outdoor heated rooftop swimming pool with cabanas and lounges and views of the Denver skyline; business center; and multiple food and beverage outlets, including 16Mix Bar, Yard House, Hacienda Colorado, Peet’s Coffee & Tea, Zoup! and the Sheraton Club Lounge. 

Tony Malk

 Located at 1550 Court Place, Sheraton Denver Downtown Hotel is in the heart of downtown Denver and along the 16th Street Pedestrian Mall, the most populous street in the Denver region.

  

The hotel is within a two-mile radius of about 48 million square feet of office space; the Colorado Convention Center; sports venues for MLB, NBA, NHL and NFL teams; award-winning cultural attractions; and three college campuses.

The HFF investment advisory team representing the seller included senior managing director Eric Tupler, managing directors Tony Malk and Scott Hall and associate Tyler Dumon.

“The sale of the Sheraton demonstrates the continued growth of the downtown Denver hotel market and the upside available for a new owner through renovation,” Tupler said. 

Scott Hall

 “We continue to see strength in the hotel capital markets for well-located hotels such as the Sheraton Denver that have a unique position in their respective submarkets,” Malk added.

The Chartres Lodging Group, LLC, is a hotel investment and asset management company with a long track record of achieving above-market investment returns. 

 Chartres Lodging focuses on creating value in every one of its projects, setting itself apart with an entrepreneurial and creative culture that maintains the focus and professionalism of more institutional hospitality asset management companies. 

 Employing a team with more than 100 years of combined experience in the hospitality industry and with team members directly invested in approximately 80 percent of the current portfolio, The Chartres Lodging Group is an owner and investment partner that gets results.  Learn more at http://www.chartreslodging.com.

Tyler Dumon

High Street Real Estate Partners (formerly known as Five Star Realty Partners) is a real estate investment firm founded in 2006 by managing members William Hodges and Mark Elliott that focuses on high quality hotel and multifamily properties in urban in-fill and resort communities nationwide.  

With over 30 years of experience in the hospitality industry, High Street’s management team currently owns or operates over $650 million of assets 

Founded in 1996, Eagle Four Partners ("Eagle Four") is a Newport Beach, CA-based private equity group specializing in strategic real estate investments in hospitality, golf, and lifestyle residential assets.  

With a seasoned management team, Eagle Four has extensive hotel operating and repositioning experience.  Since its inception, Eagle Four has participated as the lead equity investor in more than $2 billion of real estate transactions including the purchase, renovation, repositioning, and disposition of Bacara Resort in Santa Barbara. 

Eagle Four’s current asset portfolio consists of independent resorts such as Balboa Bay Resort in Newport Beach, Paséa Hotel & Spa in Huntington Beach, Estancia La Jolla, Meritage Resort & Spa in Napa and Ko’a Kea Resort in Kauai along with Newport Beach Country Club.  Eagle Four's branded properties include AC Hotel New Orleans, AC Hotel Tempe and AC Hotel Irvine along with other branded hotels in California.

CONTACTS:

ERIC TUPLER

HFF Senior Managing Director

(303) 515-8000

etupler@hfflp.com

TONY MALK

HFF Managing Director

(310) 407-2100

tmalk@hfflp.com

SCOTT HALL

HFF Managing Director

(858) 552-7690

shall@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Kelly Wilson Joins Ackerman & Co. as SVP in Retail Division

 

Kelly Wilson

ATLANTA, GA, Oct. 18, 2018 – Strengthening its brokerage team, Ackerman Retail, a division of Ackerman & Co., has hired high-producing industry veteran Kelly Wilson as a senior vice president with a focus on leasing third-party properties.

Courtney Brumbelow

Kelly brings more than 30 years of retail, hospitality and restaurant experience to the full-service Ackerman Retail team.

 Her previous high-profile third-party leasing assignments in metro Atlanta include North Point MarketCenter, The Avenue lifestyle centers in East Cobb, West Cobb and Peachtree City, The Forum on Peachtree Parkway, Ashley Park and the recently 100% pre-leased Marietta Square Market Food Hall (opening in early 2019).

“With her wide-ranging experience in the retail sector, Kelly has established a successful track record on both the tenant and landlord side of the business,” said Leo Wiener, president of Ackerman Retail. “Her deep relationships with retailers, landlords and developers will be a great asset to us as we expand our third-party leasing capabilities.”

She joins Ackerman Retail from The Windsor Realty Group, where she started the third-party landlord representation platform. 

Brian Lefkoff

Kelly was also a senior leasing manager at Lennar Commercial, where she directed the third-party leasing of a 3-million-square-foot portfolio of Class A lifestyle and power centers. 

As senior vice president of leasing at Ben Carter Enterprises, she was instrumental in the launch of the Tanger Outlets shopping center in Pooler, Ga., and as director of retail leasing at Thomas Enterprises, she oversaw the leasing of more than 2 million square feet of lifestyle and power centers across the U.S.

In recognition of their contributions to the success of Ackerman Retail’s growing platform, senior vice presidents Courtney Brumbelow and Brian Lefkoff have been promoted to the roles of executive vice presidents for Ackerman Retail.

  

Leo Wiener

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. 

The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has 8 million square feet under management and maintains an investment portfolio valued at $1 billion.

Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed nearly 10 million square feet of transactions. 

For more information, please visit www.ackermanco.com 

and contact Steve Webb 

swebb@ACKERMANCO.NET

NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud, FL

Veronica Malolos

Saint Cloud, FL – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in St. Cloud . 

Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park , Calif.   
    

Frank Cawthon

Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.   

Malolos said Deer Run Estates is the buyer’s 10^th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.

 CONTACT:

Veronica Malolos, Broker/Osceola County, NAI Realvest, 
407-949-0717 Vmalolos@realvest.com

Robin Webb, CCIM, CHA, CHB, CRB, CPM, MRICS, Managing Director, NAI Realvest, 407-875-9989 rwebb@realvest.com;                                     

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

www.nairealvest.com.