HFF announces full capital stack financing for Class A office development within Raleigh’s North Hills

Rendering of planned Tower IV Offices,
 Raleigh, NC

Travis Anderson

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announces debt and equity financing for Tower IV, a 326,625-square-foot, Class A office tower to be built in Raleigh, North Carolina.

The HFF team worked on behalf of the borrower, Kane Realty Corporation, in a joint venture partnership with Lionstone Investments, to secure the construction loan through Bank OZK. 

Currently under construction and due for completion in 2020, Tower IV will be a best-in-class, 18-story tower with 8,234 square feet of ground floor retail as well as an eight-story, 880-space parking deck.

The 326,625 square feet of office space located throughout 12 floors will feature typical floorplates of 30,014 square feet and is already considerably preleased. 

Roger Edwards

The project is located within North Hills, a flourishing development in midtown Raleigh that offers a unique combination of places to live, work, shop, play and stay, and is easily accessible from Interstate 440 as a regional destination. 

Additionally, it is a short drive from the Triangle area’s other demand drivers, including the Research Triangle Park, Cary, Chapel Hill, downtown Raleigh and Durham.

The HFF debt placement team representing the borrower included senior managing director Travis Anderson, senior director Roger Edwards, and associate John Gavigan.

Kane Realty Corporation is a vertically integrated commercial real estate firm providing development, construction management, leasing, and property management services. 

Founded in 1978, Kane Realty is the preeminent mixed-use developer in North Carolina, developing over 6.5 million square feet since inception. 

Kane’s signature mixed-use property at North Hills (Raleigh, North Carolina), the first true mixed-use property in the region, resulted in the emergence of Raleigh’s Midtown district.

John Gavignan

Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work – Places for Productive People®.

  Lionstone Investments is a registered investment adviser subsidiary of Columbia Management Investment Advisers, LLC.

  For more information, please visit www.lionstoneinvestments.com.

CONTACTS:

TRAVIS ANDERSON

HFF Senior Managing Director

(704) 526-2800

tanderson@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Ackerman & Co. Completes 60,000 SF Lease with ABT Power Management at Stone Mountain Industrial Park in metro Atlanta, GA

1607 Mountain Industrial Boulevard, Stone Mountain Industrial Park, Atlanta, GA

Jimmy Stevens

ATLANTA, GA – Ackerman & Co. has signed a 60,000-square-foot lease with ABT Power Management Inc. at its Stone Mountain Industrial Park in metro Atlanta’s Tucker/Stone Mountain submarket.

The Greensboro, N.C.-based company – which provides battery and energy systems for forklift fleets, mission-critical facilities and telecommunications applications – will establish a distribution center in the warehouse facility at 1607 Mountain Industrial Boulevard, located northeast of downtown Atlanta. It is ABT’s second distribution facility in metro Atlanta.

Brett Buckner

The long-term lease took effect October 1. Ackerman & Co. industrial brokers Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman in the lease. Robert Aaron of NAI Brannen Goddard represented the tenant.

Ackerman & Co. has recently closed three leases totaling 274,800 at the park, bringing total occupancy to 91 percent, up from 84 percent at the time of acquisition.

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. 

Major Martin

The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

To date, Ackerman & Co. has developed and acquired 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.

Robert Aaron

 
For more information, visit www.ackermanco.com

CONTACTS:

Steve Webb 
swebb@ACKERMANCO.NET

Draper and Kramer Named to Chicago Tribune’s 2018 Top Workplaces List

Christine Ramsey

                                                                                                       

CHICAGO, IL – Full-service real estate firm Draper and Kramer, Incorporated, is proud to announce it has been named a 2018 Top Workplace by the Chicago Tribune.

The annual Top Workplaces list is based on results of an employee feedback survey, administered by an independent research firm, that measures multiple aspects of workplace culture.

This is the second year in a row Draper and Kramer has participated in the program and received a Top Workplace honor.

“As a family-owned business, our company culture puts an emphasis on building relationships and ensuring employees feel supported by each other and management,” said Christine Ramsey, senior vice president of human resources for Chicago-based Draper and Kramer, which also includes residential mortgage division Draper and Kramer Mortgage Corp. 

“We are honored to receive the 2018 Top Workplace award and gratified that the survey results confirm our employees feel cared about,supported and part of something meaningful – with a personal connection that is an essential element of our employee engagement efforts."

CONTACTS:

Sarah Lyons, slyons@taylorjohnson.com, (312) 267-4520

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

www.draperandkramer.com.

BLT Enterprises Completes Two Leases to Growing Media Firms in Los Angeles, CA

Bernard Huberman

Los Angeles, CA  – BLT Enterprises, a multi-faceted real estate investment company, has fully leased two of its creative office properties in Los Angeles to two separate rapidly growing media firms.

King and Country, a full-service design and production firm, leased 1941 Pontius Avenue, and Hawke Media, the fastest growing marketing consultancyin the country, leased 2231 Barrington Avenue in Los Angeles, California.

BLT Enterprises leased the property to King and Country on a six-year term for a total of $1.5 million. 

David Wilson and James Wilson of Lee and Associates represented King and Country as the lessee and BLT Enterprises as the lessor.

“Media and tech firms have been flocking to areas throughout Los Angeles over the last several years,” explains Bernard Huberman, Founder and CEO of BLT Enterprises.

“That said, they are not looking for traditional office space. They are looking for unique properties that emulate their culture and provide employees with the top in-demand amenities.”

BLT Enterprises specializes in renovating and transforming existing older buildings into assets that appeal to today’s tenants.

CONTACTS:

Lexi Astfalk/Lisa James

Brower Group

(949) 955-7940

Ljames@brower-group.com

Illustrated Properties Premier Luxury Specialist Linda Bright Selected to Exclusively Market High-End Homes in Mirasol Country Club Community in Palm Beach Gardens, FL

Linda Bright

PALM BEACH, FL  – Illustrated Properties Premier Luxury Specialist Linda Bright is wasting no time making an impact since joining the firm last month. The Palm Beaches top producer is the exclusive listing agent for luxury homes with a combined asking price exceeding $30 million. The luxury residences are located within prestigious gated communities in Palm Beach Gardens. Known for its two championship golf courses, natural preserves and lakes, the Country Club at Mirasol is coveted by high-end homebuyers seeking an active, vibrant lifestyle. Mike Pappas  The community is a primary area of focus for Bright, who is also active in Old Palm, The Bear’s Club, BallenIsles and neighboring luxury communities. “Not surprisingly, Linda is already adding tremendous value to our growing firm,” Illustrated CEO Mike Pappas said. “These Country Club at Mirasol listings will particularly benefit from Illustrated’s exclusive luxury affiliations: Christie’s International Real Estate, Luxury Portfolio International and our unique marketing platform utilizing innovative technology.”  Bright’s high-end listings in the Country Club at Mirasol are: ·         215 Via Palacio, a glamourous contemporary, five-bedroom, six-and-a-half-bathroom home with more than 6,000 square feet. Built in 2012, the home is available for $4.95 million ·         125 Playa Rienta Way, a chic contemporary waterfront six-bedroom home with five full bathrooms, three half-bathrooms and more than 6,700 square feet. Completed in 2007, the home is available for $3.95 million ·         110 Playa Rienta Way, a five-bedroom, six-and-a-half-bathroom architectural masterpiece with nearly 7,500 square feet. Built in 2003, the home is listed at $3.199 million ·         119 Talavera Place, five-bedroom, seven full and one half-bathroom private courtyard paradise with over 5,500 square feet. Built in 2006, this home is listed for $2.275 million The Country Club at Mirasol, Palm Beach Gardens, FL “This luxury community presents an opportunity to enjoy an unparalleled lifestyle in stunning homes that have to be seen to be believed,” Bright said. “Interest in these properties is coming from far beyond the local market, as Northeasterners and international buyers are attracted to this distinguished community.” Bright has been named one of the nation’s top real estate professionals by REAL Trends, a publication promoted by the Wall Street Journal. She specializes in luxury real estate in the Palm Beaches with a focus on the Country Club at Mirasol, Old Palm, The Bear’s Club, BallenIsles and neighboring luxury communities.  The individuals that Bright represents include high-profile clients seeking confidentiality, privacy, exceptional service and results, such as actors and athletes. Currently, Bright is exclusively marketing over $30 million in ultra-luxury properties in premier communities in the Palm Beaches. 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

Phoenix office market strength drives $10.9 million deal flip

 3925 – 3945 E. Broadway Road, Phoenix, AZ

PHOENIX, November 1, 2018 – Spurred by strong confidence in the Phoenix office market, the Phoenix office of JLL, on behalf of property buyer G2 Capital, has completed the $10.9 million acquisition of 3925 – 3945 E. Broadway Road in Phoenix. The acquisition completed only 30 days after Glasir Capital Partners purchased the property from RBR Capital.

Totaling 136,000 square feet, 3925 – 3945 E. Broadway consists of two, two-story office buildings at the intersection of 40^th Street and Broadway Road, just west of Cotton Center. The 3945 building is fully leased to a long-term credit tenant that has been in place since 2001. The 3925 building is 50 percent leased to the State of Arizona, which has been a tenant since 2016.

Brian Ackerman

“G2 Capital is an active, boots-on-the-ground investor in Phoenix. They see the value of this location and the opportunity to capitalize on the remaining vacancy at the building,” said JLL Senior Vice President Brian Ackerman, who represented G2 Capital in the property purchase. 

“That includes fully renovating the second floor of the 3925 building into an open office concept.”

“We plan to renovate a 37,000-square-foot speculative suite to be move-in-ready by January,” said G2 Capital Managing Director James Greaves. “When complete, it will provide a rare block of modern, contiguous office space in the center of metro Phoenix, at a time of historically high tenant demand.”

G2 has awarded the property leasing assignment to JLL Managing Directors Karsten Peterson, Dave Seeger and Mark Gustin.

The Broadway Road property is one block from I-10, providing easy access to the Loop 101, Loop 202 and State Route 51. It is also five minutes from Sky Harbor International Airport, Arizona State University and downtown Tempe. 

The buildings offer a high 7/1,000 parking ratio and sit directly across the street from the Cotton Center master-planned business park, which has attracted some of the largest tenants in the country.

CONTACT:

Contact: Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

ir.jll.com or www.jll.co m/phoenix.

The Castell Project Accepting Nominations for 2019 Castell Leadership Program

Patty Berg

ATLANTA, GA — Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry,  announced that the organization is accepting nominations for its 2019 Castell Leadership Program.  

Now in its third year, the two-pronged program delivers essential advancement tools for women and implements a custom career development program to move attendees up the leadership ranks.

                Interested participants are sponsored by their companies. They are nominated by a Champion from their firm and also submit an Application/Registration Sheet. 

 Following a review of materials, individuals are contacted and interviewed for acceptance. Castell Program is exclusively for women in the hospitality industry and serves all facets of the industry from operations to franchise to finance to advisory services.

“With each cohort, we have refined the Castell program to build the strengths women need to advance,” said Peggy Berg, Castell president. 

“While women are 53 percent of the hotel industry workforce, we are drastically underrepresented in the c-suite and on the speaker’s dais.  We are committed to changing the paradigm and are confident today’s dynamic rising business women will transform the industry.  The Castell Program exists to provide the tools and resources to make it happen.”

                The Third Annual Castell Leadership Program workshop runs April 29 through May 1, 2019.  The one-year Program sequence includes an individual career plan, Checkpoint 360 assessment, workshops, executive coaching, and membership in the WILL resource network (Women in Lodging Leadership Network).

                For additional information, please visit www.CastellProject.org.

CONTACT:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com | www.dalygray.com

Ware Malcomb Announces Construction Completed at The Mix at Harman Campus in Nortridge, CA

The Mix at Harman Campus, 8500 Balboa Boulevard, 
Northridge, CA

LOS ANGELES, CA, Nov. 1, 2018 – Ware Malcomb, an award-winning international design firm based in Southern California, today announced construction is complete at The Mix at Harman Campus, a creative office redevelopment project located in the heart of the San Fernando Valley at 8500 Balboa Boulevard in Northridge, Calif. 

Ware Malcomb provided master planning, architecture, interior design, and branding services for the project.

Ware Malcomb’s design for the 44-acre mixed-use site combines office, retail, and restaurant space in a campus environment that promotes walkability and a connection between buildings. 

The property’s creative office space features collaborative indoor and outdoor meeting spaces, game areas, private patios, a food truck pavilion, on-site restaurants, brand-name retail services and a 30,000 square foot town square/central park. 

The Mix caters to the region’s expanding demand by entertainment and technology companies for amenity-rich campus-style office space, as well as traditional companies seeking a healthy, fun and collaborative work experience for their employees.

“We are honored to be a part of this exciting project that captures everything today’s companies and employees want in a workspace – both within and beyond the walls of their office,” said Radwan Madani, Principal of Ware Malcomb. “The Mix offers collaborative creative office space within a dynamic campus environment that combines the utmost in work, play and wellness.”

The Mix at Harman Campus has been constructed over three phases since first breaking ground in May 2016. Phases 1 and 2 centered on the renovation of an existing 200,000 square foot building into a multi-tenant creative office space. 

Radwan Madani

The transformation included a new exterior red brick, wood and metal entry façade, and a new interior circulation corridor for potential multi-tenant office or industrial tenants. 

This central corridor evokes the feeling of a modern gallery with open-air windows, high ceilings and natural light, while providing varied types of meeting/social spaces that promote a collaborative work environment. 

The existing brick and exposed structure of the building were intentionally left intact to create industrial design aesthetic, while new materials, colors and textures were used to highlight the major building and tenant entries.

In the recently completed Phase 3, two new single-story speculative retail and restaurant buildings totaling 17,000 square feet were constructed, along with Town Square Park, a central landscaped courtyard amenity space including bocce ball courts and outdoor dining areas. 

The Mix at Harman Campus recently received a Gold Award for Best Mixed Use Project at the San Fernando Valley Business Journal’s 2018 Commercial Real Estate Awards. 

The developer of The Mix at Harman Campus is Shubin Nadal Realty Investors. The General Contractor for Phase 1 of the project is Oltmans Construction Co. and the General Contractor for Phases 2 and 3 is RM Dalton Corporation.

  

CONTACTS:

Rachel Reenders

VP Public Relations 

KCOMM for Ware Malcomb

rachel@kcomm.com

 Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

 waremalcomb.com

 waremalcomb.com/news 

 WareMalcomb’s Design Highlights video at youtube.com/waremalcomb.