Hold-Thyssen Negotiates Four Leases for Retail, Office, Flex Space in Apopka, FL and Southwest Orlando, FL

Alex Rowlinson

Orlando, FL -- Hold-Thyssen, Inc., a full service commercial real estate services firm, recently negotiated four lease agreements in Apopka and southwest Orlando totaling 9,029 rentable square feet.

Hold-Thyssen’s leasing team of Alex Rowlinson and Troy Stevens brokered the transactions on behalf of the south Florida investor / landlord at each location. 

Best Insurance USA, Inc. an affiliate of Florida Blue, leased 1,672 square feet at Kirkman Commerce Center , 701 S. Kirkman Rd. ;  

Amazing Grace World Missions, Inc. a local ministry, leased 1,725 square feet at Silver Star Shopping Center, 5304 Silver Star Rd.  

Mark C. Pope & Associates, a group that sells industrial cleaning equipment, leased 3,745 square feet, and Phenix Salon Suites leased 1,887 square feet at the Apopka Commerce Center , 535 Cooper Commerce Drive .

Troy Stevens

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 .

CONTACTS:

Anthony Fisher, 

Vice President, 

Hold-Thyssen Real Estate Services, 

407-691 0505,

 afisher@HoldThyssen.com

Robert P. Hold,

 Principal,

 Hold-Thyssen, Inc. 

407-691-0505,

 bhold@HoldThyssen.com

Larry Vershel or Beth Payan,

 Larry Vershel Communications Inc. 

407-644-4142 

Lvershelco@aol.com

HFF announces sale of Atlanta-area retail center anchored by Walmart Neighborhood Market

   

Olde Mill Plaza Retail Center, 3101 Roswell Road, Marietta, GA

ATLANTA, GA  – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Olde Mill Plaza, a 105,847-square-foot retail center anchored by a Walmart Neighborhood Market in the Atlanta-area community of Marietta, Georgia.

 

Jim Hamilton

The HFF team marketed the property on behalf of the seller, BET Investments.  Livingston Properties purchased the asset.

Anchored by a Walmart Neighborhood Market, the 91-percent-leased Olde Mill Plaza is home to a mix of restaurant, service and necessity tenants, including Just Fitness 4U, Heartland Dental, Los Acros Mexican Restaurant, European Deli, Le Nails Spa2 and K&G Tailors.  

Olde Mill Plaza is in Marietta about 18.5 miles north of downtown Atlanta in the affluent East Cobb Retail submarket.  Olde Mill Plaza is situated on 12.41 acres at 3101 Roswell Road at the intersection of Roswell Road and Old Canton Road, which have a combined traffic count of more than 70,000 vehicles per day.  

Brad Buchanan

More than 70,000 residents earning an average annual income of $133,988 live within a three-mile radius of the center, and the center has limited grocery competition within a 1.5-mile radius.  The property caters to the area's young families, as well as its maturing demographic. 

The HFF investment advisory team representing the seller included senior managing director Jim Hamilton, directors Brad Buchanan and Mike Allison and analyst Andrew Kahn.

About BET Investments

BET Investments, a Bruce Toll owned company, owns, manages, develops and leases retail complexes, apartment buildings and mixed-use projects throughout the United States.  The company’s portfolio has grown to more than five million square feet of commercial space and 4,000 apartments.

Michael Allison

About Livingston Properties

Livingston Properties owns, develops, redevelops, manages and leases shopping centers, NNN properties and office buildings throughout Georgia and South Carolina with its primary focus in the northern suburbs of Atlanta. 

 Livingston Properties is a privately held company owned by Bill Livingston based out of Warner Robins, Georgia.  

The company’s current portfolio consists of over one million square feet focusing primarily on grocery and other big box anchored or shadow centers.  

Andrew Kahn

In business for over 35 years, Livingston Properties welcomes opportunities for other acquisitions within the region.  

Visit https://livingstonproperties.net to learn more.

CONTACTS:

 

MIKE ALLISON

GA Lic. #360267

HFF Director

(404) 832-8460

mallison@hfflp.com

 

JIM HAMILTON

GA Lic. #270038

HFF Senior Managing Director

(404) 832-8460

Bill Livingston

jhamilton@hfflp.com

BRAD BUCHANAN     

GA Lic. #351151

HFF Director

(404) 832-8460

bbuchanan@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

EverWest Secures $63 Million for Refinancing of The Colonnade DFW Office Complex: Three-building, 1.07 million SF Texas Class A office asset enjoys 91.7 percent occupancy

  

The Colonnade located on 13 acres
along the Dallas North Tollway

  

ADDISON, TX – EverWest Real Estate Investors, together with Korea-based investment clients, has closed on a $63 million transaction that is part of the refinancing of The Colonnade, a 1,079,190-square-foot, three-building Class A office complex considered one of the premier developments along the Upper Tollway in the Dallas – Fort Worth metroplex.

Tom McCahill

EverWest Executive Vice President Tom McCahill, Managing Director Joe Chickey and Senior Associate for Structured Finance Zi Chong secured the five-year loan through UBS.

The property owner is Fortis Property Group. The Korea-based clients were advised by EverWest and Paramount Advisory, LLC.

“The Colonnade is a true trophy asset that has been meticulously owned and managed by an experienced institutional team,” said Chong.

“The capital improvements and leasing activity that has taken place here has established a strong leasing history, allowing The Colonnade to take full advantage of its premier location and area demographics.”

Joe Chickey

Built between 1983 and 1998 – with $32.5 million in renovations completed between 2015 and 2017 – The Colonnade totals 1,079,190 square feet with three Class A office towers, a three-story amenity-filled atrium and an eight-story parking garage.

The property also includes a variety of dining options, fitness center with locker rooms, retail store and conference center.

 It is LEED Certified, Energy Star rated and has earned multiple “Building of the Year” awards from the Building Owners and Managers Association (BOMA).

Since being acquired by Fortis in 2013, The Colonnade has remained in high occupancy with anchor tenants Hilton, United Surgical Partners, Zurich American Insurance, HQ Global Workplaces and Systemware.

Zi Chong

The Colonnade is located on 13 acres along the Dallas North Tollway, offering quick access to metro Dallas and Fort Worth. It is two blocks east of the Addison Transit Center, which will become a future station along the Cotton Belt Rail Line.

“With these collective advantages in place, it is not surprising that The Colonnade has consistently outperformed its neighboring Class A office complexes,” said McCahill. “We believe that trend will continue, and that the property will continue to hold its position as one of Dallas’ top business centers.”

EverWest launched its structured finance platform in 2013 under the direction of industry veterans McCahill and Chickey, with a focus on originating and managing mezzanine debt, preferred equity financing and B-notes for U.S. commercial properties and developments. 

EverWest continues to actively seek new investment opportunities in major markets across the U.S.

The Colonnade rendering

About EverWest Real Estate Investors LLC

EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado.

The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets.

 For more information on EverWest, visit www.everwest.com.

For more information on GWL Realty Advisors, visit www.gwlra.com.

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

Chatham Lodging Announces Monthly Dividend

WEST PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 137 hotels wholly or through joint ventures, announced that its board of trustees has declared a monthly common share dividend of $0.11 for March 2019.

The common dividend is payable April 26, 2019, to shareholders of record on March 29, 2019.

CONTACT:

Patrick Daly

Office Manager

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

HFF arranges $91.7 million financing for Lawrence Station in Santa Clara, CA

Lawrence Station Office Building, Santa Clara, CA

SAN FRANCISCO, CA –– HFF announces that it has arranged $91.7 million in financing for the development of Lawrence Station, a five-story, Class A spec office building in Santa Clara, California.

Charles Halladay

HFF worked on behalf of the developer, Bayview Development Group, to secure the three-year construction loan through Broad Street Real Estate Credit Partners III (BSRECP III), a fund managed by the Goldman Sachs Merchant Banking Division.

Lawrence Station will consist of 173,474 rentable square feet of Class A office space along with a neighboring parking garage. 

 The project is located at 3607 Kifer Road on the corner of Lawrence Expressway, which offers unparalleled visibility between U.S. Highway 101 and State Route 82.  

The project’s Silicon Valley location positions it near numerous high-profile corporations, including Apple, Google, Microsoft and Intuitive Surgical.  Future tenants will benefit from the project’s proximity to the Lawrence Caltrain Station and expanding retail offerings in the surrounding area.  Lawrence Station is due for completion in 2020.

Brandon Roth

The HFF debt placement team representing the borrower consisted of senior managing director Charles Halladay, senior directors Brandon Roth and Ben Bullock and analyst Taylor Gimian.

“Lawrence Station is an exceptional office development site,” Roth said.  “Future tenants are going to benefit from the unique combination of being just a five-minute walk from Caltrain while remaining within the city limits of Santa Clara, which will allow them to access Silicon Valley Power so they will be able to save 35 percent on their energy costs.”

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

Ben Bullock

About Bayview Development Group

Bayview Development Group, headquartered in San Jose, California, is a privately held real estate development and investment firm focused on developing high-density, mixed-use projects in Northern California.

About The Merchant Banking Division of Goldman Sachs Group, Inc.

Founded in 1869, the Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm.  

Goldman Sachs Merchant Banking Division (MBD) is the primary center for Goldman Sachs’ long-term principal investing activity.  

With nine offices across seven countries, the Merchant Banking Division of Goldman Sachs is one of the leading private equity investors in the world with equity and credit investments across corporate, real estate and infrastructure strategies. 

Taylor Gimian

Established in 1991, the Real Estate Principal Investment Area within MBD has invested in real estate and real estate related assets totaling approximately $53 billion in equity across more than 800 investments located in 35 countries. 

 Investments include office, retail, industrial, hospitality, residential, acquiring real estate companies, real estate projects, loan portfolios, debt recapitalizations and direct property.

CONTACTS:

CHARLES HALLADAY

CA Lic. #01756300

HFF Senior Managing Director

(415) 276-6300

challaday@hfflp.com

BRANDON ROTH

CA Lic. #01767532

HFF Senior Director

(415) 276-6300

broth@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

Bull Realty is leading the commercial market with the most recent sale of two medical office buildings

ROCK HILL, SC — Bull Realty managed the recent sale of two medical office buildings occupied by Atrium Health / Carolinas Healthcare System adjacent to the Piedmont Medical Center Campus.  The properties have been sold at a total price of $11,875,000.

Both buildings were acquired by Montecito Medical. Two different sellers engaged Bull Realty partner Paul Zeman to find the right buyer for the properties.

The property at 134 Professional Park Drive is a 15,577 SF Orthopedic Clinic and Outpatient Diagnostic Imaging Company sold for $5,125,000 on February 7, 2019.

The second property located at 118 Professional Park Drive is a 15,452 SF state-of-the-art surgery center.  This building is also operated by Atrium Health / Carolinas Healthcare, and sold for $6,750,000 on March 7, 2019.

Paul Zeman

“These properties occupied by Atrium are immediately adjacent to the Piedmont campus in Rock Hill. The location, tenant and services offered should prove to be an outstanding investment for the buyer,” said Zeman, President of Healthcare Real Estate Services / Partner with Bull Realty, Inc.

The City of Rock Hill is located in north-central South Carolina approximately 20 miles south of Charlotte, NC, and is a growing community of 67,000 residents. Rock Hill is the largest city in York County, South Carolina, and is the only major South Carolina City in the Charlotte Area.

For more information, please contact Bull Realty at 404-876-1640 or Info@BullRealty.com- Bull Realty, Inc.

 (www.BullRealty.com) is a commercial real estate brokerage and advisory firm licensed in nine states headquartered in Atlanta providing acquisition, disposition, leasing and consulting services. 

The firm also produces America’s Commercial Real Estate Show (www.CREshow.com).

Contact: 

Heather Bogantz,

Bowers PR & Marketing

Telephone: (614) 562-0054

E-mail: heather@bowerspr.com

Website:www.bullrealty.com

HFF announces £108 million ($143 million U.S.) financing of 127 Kensington High Street in London

127 Kensington High Street, in the royal borough of Kensington and Chelsea, London. 

LONDON, ENGLAND, March 11, 2019 – HFF Real Estate Limited (HFF) announces the £108 million (U.S $142,743,816) bilateral acquisition and refurbishment financing of 127 Kensington High Street, a marquee 127,000-square-foot, mixed-use project in the royal borough of Kensington and Chelsea, London. 

The HFF team worked on behalf of AshbyCapital.  The financing was provided by a global investment bank.   

Currently a neglected 1970s monolithic brutalist structure, 127 Kensington High Street will be fully transformed into one of the premiere office and retail assets in the area.  

Claudio Sgobba

Included in the acquisition is the adjacent retail arcade, which serves as the entrance to the High Street Kensington underground station.  The project is ideally situated between Holland Park and Kensington Gardens and proximate to Equinox, Whole Foods Market and other key local amenities. 

The HFF debt placement team representing the borrower was led by managing director Claudio Sgobba and director Andrew Hornblower.

“It is always a gratifying result to bring together a new borrower-lender relationship,” Sgobba said.

“We are confident that AshbyCapital and the lender are an outstanding fit and will have a longstanding go-forward partnership.  It was a pleasure working alongside Charles Lawrence, AshbyCapital’s investment director, to close an attractively priced and flexibly structured facility that is ideally suited for their business plan.”

Andrew Hornblower

“There is excellent synergy between all parties involved, and we are very pleased with the outcome,” Hornblower added.  “It was a competitive lender selection process with flexibility, pricing and surety of execution, all playing a role in the ultimate decision.  

"We very much look forward to watching AshbyCapital lengthen their already impressive London track record of creating special, generational assets.”

“Prime freehold development opportunities are increasingly rare in central London and we are delighted at the prospect of delivering best-in-class office and retail space to Kensington,” Lawrence said.  “This financing validates our enthusiasm for this unique project and frees up further capital for us to deploy as we look onwards to the next opportunities.”

Charles Lawrence

About AshbyCapital

Founded by Peter Ferrari in 2013, AshbyCapital is a property investment advisory business with a £1bn+ portfolio.  The company invests across a range of risk-return strategies across the U.K., with a particular expertise in Central London.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. 

Peter Ferrari

HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. 

 HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

CONTACTS:

CLAUDIO SGOBBA

HFF Managing Director

44-020 7509 6700

csgobba@hfflp.com

ANDREW HORNBLOWER

HFF Director

44-020 7509 6700

ahornblower@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

+1 (713) 852-3420

ksteele@hfflp.com