Thursday, March 28, 2019

HFF closes sale of 26 West Broadway in South Boston, MA


26 West Broadway Apartments, South Boston, MA


BOSTON, MA – March 25, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of 26 West Broadway, a boutique Class A multi-housing property in South Boston, Massachusetts.

Adam Dunn
HFF represented the seller, Cincotta Companies, and procured the buyer, in the transaction.

Designed by Boston-based Utile, Inc. and delivered to the market in 2016, 26 West Broadway offers luxury residences in a mix of one-, one-bedroom with office, two-bedroom and penthouse units.  

High-end finishes include wide-plank hardwood flooring, white cabinetry with soft-close drawers, dimmable LED recessed lighting and gas ranges, among others.  

Residents of 26 West Broadway have access to a heated sub-grade parking garage and a private roof deck lounge. 

Worden Hall, a popular tavern, is located on the ground floor of 26 West Broadway.  

The property is located across the street from the MBTA’s Broadway Station offering subway access to downtown Boston and bus access to the South End and Back Bay.  

Christopher Phaneuf
Additionally, 26 West Broadway is within walking distance of numerous restaurants, coffee shops and retail offerings, including Whole Foods at the nearby Ink Block development. 

 This area of South Boston has witnessed a tremendous renaissance over the past 10 years and has transformed into a coveted area for residential and corporate users alike. 

The HFF investment advisory team representing the seller was led by director Adam Dunn and managing director Christopher Phaneuf.

“Continued positive market fundamentals in the South Boston multifamily submarket, combined with a strategic buyer, motivated the seller to capitalize on this opportunistic sale,” Dunn said.


CONTACTS:

ADAM DUNN
MA Lic. #9553106
HFF Director
(617) 338-0990

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990




HFF closes three-property hotel portfolio in Greater Boston on behalf of Linchris Hotel Corp.


Holliday Fenoglio Fowler, L.P. (HFF) has closed a three-property, recently renovated hotel portfolio totaling 433 rooms in the Greater Boston area. 
The portfolio comprises the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth.


BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed a three-property, recently renovated hotel portfolio totaling 433 rooms in the Greater Boston area. 

Denny Meikleham
The portfolio comprises the DoubleTree by Hilton Hotel Boston – Milford, the Doubletree by Hilton Hotel Boston – Rockland and the Hilton Garden Inn Plymouth.

HFF represented the seller, Linchris Hotel Corporation, and procured the buyer, Jamsan Hotel Management.   

The hotels are all located within 40 miles of Boston and benefit from convenient access to local lodging demand generators. 

The DoubleTree Hilton Hotel Boston – Milford offers 176 rooms and 10,000 square feet of meeting space. 

The hotel captures lodging demand from Gillette Stadium/Patriot Place, the Xfinity Center, the New England Sports Center and corporate demand from local corporations, including Dell EMC. 

Alan Suzuki
The 127-room DoubleTree by Hilton Hotel Boston – Rockland has 3,814 square feet of meeting space and is located on Boston’s South Shore just off Route 3. 

The Hilton Garden Inn Plymouth has 130 rooms and 1,372 square feet of meeting space.  Plymouth is home to many historical tourist attractions, including Plimoth Plantation, Plymouth Rock and the Mayflower, which all generate leisure demand for the hotel.  

The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright. 

Matthew Enright
 For more information about Linchris Hotel Corporation or its properties, please call 781-826-8824 or log on to http://www.linchris.com.

CONTACTS:

DENNY MEIKLEHAM
MA Lic. #009519748
HFF Managing Director
(617) 338-0990

ALAN SUZUKI
HFF Senior Director
(617) 338-0990

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990

HFF closes sale and arranges financing for two boutique hotels in Nantucket’s historic downtown



The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms in Nantucket, MA

BOSTON, MA –– Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale and arranged acquisition financing for The Veranda House Hotel Collection, two adjacent boutique hotel properties totaling 29 guest rooms in Nantucket, Massachusetts.

HFF represented the private sellers in the sale of the properties to affiliates of Procaccianti Companies.  Additionally, HFF worked on behalf of the buyer to secure the 10-year, fixed-rate acquisition financing through Savings Institute Bank & Trust.  

Lauren O'Neil
The Veranda House and Chapman House are located at 3 Step Lane within the heart of Nantucket’s historic downtown.  Nantucket is an unparalleled luxury tourist destination whose 82 miles of beaches and multitude of high-end boutiques and world class restaurants draw more than 400,000 visitors annually. 

 The hotels have an ideal in-town location within walking distance of the island’s ferry terminals, beaches, art galleries, historical landmarks and well-known restaurants. 

Martha Nay
 Veranda House, which was built in 1684 and most recently renovated in 2007, offers 18 guest rooms and a gourmet continental breakfast daily. 

 Additional amenities include personal verandas, evening turndown service, beach amenities, complimentary Wi-Fi, and concierge services.  Originally built in 1830, Chapman House features 11 guest rooms renovated in 2012. 

Alan Suzuki

Chapman House also offers gourmet continental breakfast daily as well as concierge services, beach amenities and complimentary Wi-Fi. 

The HFF investment advisory team representing the seller included managing director Denny Meikleham, senior director Alan Suzuki and director Matthew Enright

HFF’s debt placement team representing the borrower consisted of senior managing director Lauren O’Neil and director Martha Nay.

Denny Meikleham

About Procaccianti Companies

Procaccianti Companies (est. 1958) is nationally ranked, fully-integrated alternative asset manager with a broad national platform having owned, developed, managed or financed investment real estate in more than 130 cities across 31 states coast to coast.

Procaccianti Companies’ real estate platform encompasses investments across the risk spectrum from core and core plus, to opportunistic and value-add.

Whether through structured real estate investment vehicles, credit strategies, joint ventures, one-off acquisitions or ground-up developments, our proven approach is characterized by a history of generating above-market risk adjusted returns.

Matthew Enright

About TPG Hotels & Resorts

Pre-approved by all the leading global hotel brands, TPG Hotels & Resorts is an operator of hospitality assets across all chain scales with an historical portfolio of over 160 branded, independent and boutique hotels comprising nearly 30,000 guestrooms in 31 states.

Today, TPG Hotels & Resorts is a top tier, U.S.-based Hospitality Management Company actively engaged in hotel acquisitions, operations, development, financing and asset repositionings across the country. 


CONTACTS:

DENNY MEIKLEHAM
MA Lic. #009519748
HFF Managing Director
(617) 338-0990

LAUREN O’NEIL
HFF Senior Managing Director
(617) 338-0990

MATTHEW ENRIGHT
HFF Director
(617) 338-0990

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990


Wednesday, March 27, 2019

Ackerman Medical Sells 40,000 SF Medical Office Building Adjacent to the Newly Acquired Emory Hillandale Hospital in Lithonia, GA


Hillandale Physician Place, Lithonia, GA

Brett Buchwald
ATLANTA, GA  Ackerman Medical, a division of Ackerman & Co., has sold Hillandale Physician Place, a Class A multi-tenant healthcare center located in Lithonia, Ga., only steps from Emory Hillandale Hospital, for $10,600,000 ($265 per SF).


 The buyer was American Healthcare Investors, a California-based real estate investment firm that specializes in acquiring and managing healthcare real estate.

Developed by Ackerman Medical with physician joint-venture partners, the best-in-market medical office building was completed in September 2015. 

Ackerman Medical’s Brett Buchwald and Andrew Murphy of Highgate Partners represented ownership in the transaction. Ackerman brokers Kevin Ehringer and Bryan Davis led the successful leasing effort at the property.

The complementary mix of medical practices at Hillandale Physician Place focuses on the healthcare needs of this community, including the diagnosis and treatment of diabetes. 

Andrew Murphy
The tenants, all premier physician practices and medical leaders, include Harper and Associates Family Medicine, Peachtree Immediate Care, Ankle and Foot Centers of Georgia, Thomas Eye Group, Georgia Vascular Specialists, Georgia Nephrology and Regional Medical Group.

“This was an excellent opportunity for the buyer to purchase the highest-quality medical office building in Lithonia in the increasingly competitive I-20 healthcare corridor,” said Ackerman Medical Principal John Willig, who oversaw the development of the property.

 “Hillandale Physician Place, with its strong tenant lineup and strategic location, is poised to meet the rising healthcare demand in this high-growth market while generating strong, reliable income for the buyer for years to come.”

Kevin Ehringer
Hillandale Physician Place benefits from its location across from Emory Hillandale Hospital, a 100-bed facility that Emory Healthcare added to its growing Atlanta-area portfolio as part of its acquisition of DeKalb Medical in 2018.  

The largest hospital system in Atlanta, Emory Healthcare owns 10 hospitals across the metro area.

 Emory Healthcare, along with Piedmont Healthcare and Northside Hospital, have expanded into the I-20 corridor with recent acquisitions of community hospitals.

Ackerman Medical received 10 offers on the property by creating a national auction that attracted institutional investors including REITs, pension funds, private equity firms and offshore capital.

Bryan Davis
The 6,400-square-feet of remaining prime, first-generation space in the medical building is now being leased by Kevin Ehringer.

About Ackerman & Co.

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 nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion.

For more information, visit www.ackermanco.com


John Willig
Since 2000, Ackerman Medical has developed and owned nearly 2 million square feet of medical office space across metro Atlanta.

As a leading owner and developer of medical office buildings, Ackerman Medical manages its properties to the highest institutional standards.

 CONTACT:

Steve Webb
Marketing Research Coordinator
P: 678.993.2935     F: 770.913.3966
……………………………………
Ackerman & Co.
10 Glenlake Parkway, South Tower, Suite 1000
Atlanta, Georgia 30328

DISCOVER THE DIAMONDS OF OMAN: Al Baleed Resort Salalah by Anantara Invites Travellers to Enjoy Kick-off of Frankincense Season


Hussain Balhalf

SALALAH, OMAN, SAUDI ARABIA -- Springtime in Salalah means perfect weather spent lazing on a beautiful beach, trekking through breathtaking mountain landscapes or stargazing in the desert.

Spring also marks the official kick-off to frankincense season in this beautiful and historic coastal town in southern Oman.



Known as the perfume capital of Arabia, Salalah is renowned for its production of frankincense, a resin extracted from the Boswellia sacra tree.

Much like diamonds, frankincense has varying grades. Quality is based on purity, aroma, age, shape and colour. The silvery clear colour native to Salalah is recognised as the best. It was worth more than gold in ancient times.



Frankincense, known locally as luban, has a meaningful historical significance to this area of Oman. It was even considered as one of the most important exports from Salalah centuries ago.

Ruins of ancient trading ports – designated as UNESCO World Heritage Sites – along with the remains of the various trails leading through the rugged terrain and unforgiving desert vividly tell the story of frankincense in Salalah.



One can envision the caravans of camels and traders peddling this precious commodity en route to neighbouring Middle Eastern countries for distribution.

“Frankincense is really what we’re known for here,” said Hussain Balhalf, Salalah Guru at Al Baleed Resort Salalah by Anantara and lifelong native.



 “As the Salalah Guru, I provide bespoke excursions for our guests and on almost every tour they request to see and buy frankincense, and learn about its history and unique uses.”

One of the most significant frankincense sites is Wadi Dawkah, where thousands of frankincense trees make it the largest concentration of Boswellia sacra in the southern Dhofar province. However, the trees thrive in areas all around Salalah and blend perfectly with the spectacular scenery.


According to Balhalf, the most popular time to harvest frankincense starts in April through July when the monsoon season begins. Using a special cutting tool, the outer layer of tree bark is delicately slashed allowing the sap-like resin to ooze out.

In a few weeks, the sap hardens and is ready to be collected in the form of small stones. The stones are washed and then used for burning or to produce various products with interesting and surprising health and beauty benefits.


Burn it

The unmistakable sweet and woody aroma of burning frankincense brings about an immediate calming effect. At Al Baleed Resort Salalah by Anantara, frankincense is burned in the lobby to welcome weary guests after a long journey and in the spa during various treatments to help relax and clear the mind.

Many people associate burning frankincense with religious ceremonies as the practice is an ancient tradition meant to symbolise prayer and purification. In Oman, locals burn frankincense to refresh their homes and ward off mosquitos.


Apply it

Frankincense is believed to be a powerful healer and is used in a myriad of health and beauty products, such as oils, soaps, balms, lotions and creams.

The spa at Al Baleed Resort Salalah by Anantara offers the Frankincense Ritual massage in which frankincense oil is used to nourish the skin and relieve anxiety while reducing pain and inflammation.



With natural antibacterial properties, frankincense products are also used to treat various skin conditions and speed up the healing of cuts, acne, burns, rashes and sores.

In addition, this natural wonder is used in some of the finest Omani perfumes as well as in skin creams to fight the appearance of stretch marks, scars, age spots and wrinkles.


 It’s even used in shampoos to strengthen roots and aid in hair growth.Aromatherapy with frankincense oil can also be beneficial for respiratory problems and help with bronchitis, asthma, sinusitis, frequent colds and allergies.

Ingest it

As a natural antiseptic, frankincense has long been used in oral health. Since ancient times, locals have chewed the resin to improve the health of teeth and gums and prevent infections.



 Nowadays you can buy frankincense gum, toothpaste and mouthwash. Also, certain types of frankincense are edible and good for digestion and regulating gastrointestinal functions.

After a day out stocking up on products from local vendors and discovering the history of the “diamonds” of Oman, guests can retreat to Al Baleed Resort Salalah by Anantara where the frankincense experience continues with the resort’s signature Frankincense Ritual.



This pampering 90-minute treatment features two specialists performing four-hand synchronised massage techniques while harnessing the natural healing benefits of frankincense, both aromatically and topically.

As the first and only resort in the area with private pool villas, guests can relax in luxury with the utmost privacy. Inspired by the traditional villages of Dhofar, the resort reflects traditional Omani design whilst incorporating modern and contemporary elements to deliver a stunning retreat by the Arabian Sea.


Time can be passed strolling along empty white-sand beaches, indulging in culinary delights at a choice of three restaurants, or taking part in one of the many activities and watersports on offer.

Private guided frankincense tours with the Anantara Salalah Guru start from OMR 90.



For more information or to book, please visit salalah.anantara.com, email res.aabs@anantara.com, or phone +968 2322 8222.




About Anantara:

Anantara is a luxury hospitality brand for modern travellers, connecting them to genuine places, people and stories through personal experiences, and providing heartfelt hospitality in the world’s most exciting destinations. The collection of distinct, thoughtfully designed luxury hotels and resorts provides a window through which to journey into invigorating new territory, curating personal travel experiences.



From cosmopolitan cities to desert sands to lush islands, Anantara connects travellers to the indigenous, grounds them in authentic luxury, and hosts them with passionate expertise.

The portfolio currently boasts over 35 stunning hotel and properties located in Thailand, the Maldives, Indonesia, Vietnam, China, Cambodia, Sri Lanka, Mozambique, Zambia, the UAE, Qatar, Oman and Portugal, with a pipeline of future properties across Asia, the Indian Ocean, Middle East, Africa and South America.


 The brand’s premier vacation ownership programme, Anantara Vacation Club, extends the opportunity to own a share in the Anantara experience with a portfolio of 8 luxurious Club Resorts as well as travel privileges at partner resorts and hotels worldwide.

Follow us on Facebook: www.facebook.com/anantara; Twitter and Instagram: @anantara_hotels

Anantara is a member of Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands.

 CONTACT:

 Hwee Peng Yeo
Executive Vice President
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
Level 15, One Corporate Avenue, 222 Hubin Road, Shanghai China, 200021
131 Varick Street, Suite 1001 • New York, NY • 10013
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
US:415.394.6500 • Asia: 65.9768.6087 •  E: hweepeng@glodownead.com

杨慧萍
执行副总裁
博德纳公关咨询公司
Centennial Tower 21层,Temasek Avenue 3号, 新加坡邮区039190
上海湖滨路222号企业天地一号15层,中国邮编20021


Lexington Homes Hires Garrison Benson as Vice President of Sales


Garrison (Garry) Benson

CHICAGO, IL — Chicago-based Lexington Homesan active homebuilder throughout Chicago and its surrounding suburbs, announces that Garrison Benson has joined the firm as vice president of sales.

In his new role, Benson will manage sales for Lexington Homes’ five current townhome and single-family rowhome communities, and will oversee the launch of a number of new communities later this year.

“Garry is one of the most prominent professionals in residential real estate sales in the Chicago-area, and we are delighted to have him leading the sales efforts for Lexington Homes during this time of great growth for us,” said Jeff Benach, principal of Lexington Homes.

Jeff Benach
"“He is bringing immense experience with him from his more than 30 years in home sales, marketing and management, including expertise in both the city and suburbs.”

Most recently, Benson was founder of Chicago-based Garrison Partners, a real estate brokerage and consulting firm that managed more than $3 billion in for-sale residential real estate throughout the U.S.

Prior to that, he was vice president of product development, marketing and sales for Chicago-based MCL Companies from 1990 to 1994. Benson also served as vice president of Equity Realty.

Benson graduated from the University of Northern Michigan with a bachelor’s degree in marketing and business administration.

CONTACTS: 

Kathryn Kjarsgaard, kkjarsgaard@taylorjohnson.com, (312) 267-4514
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

G4 Strategies Expands Hospitality Consulting Platform with Addition of David DeMoss

  
David DeMoss

SAN DIEGO, CA —Officials of G4 Strategies, a public affairs and business solutions firm that provides services to a diversified group of industries, including hospitality, announced that it has launched a new risk management and insurance company with the addition of David DeMoss, CIC, as principal of G4 Risk Solutions. 

 In his new role, DeMoss will oversee G4’s new risk management & insurance division as the company expands further into the hospitality industry.

                “In our work with hotel associations and owner/operators, we found that risk management is a specialized discipline that generally requires a great deal of experience due to its high degree of specialization, yet carries significant implications for the bottom line,” said Elvin Lai, G4 Strategies founder and CEO.

Elvin Lai
 “David will spearhead development and enhancement of G4 Risk Solutions’ risk management services to support hotel owners and operators, as well as add specialized talent to further our footprint in the industry. 

"David is considered one of the most knowledgeable insurance & risk management professionals in hospitality, from his tenure at some of the top companies in the industry to his creation of the only online risk management platform designed specifically for the hospitality industry that has become the standard.” 

                Prior to joining G4, DeMoss was founder and owner of Wakeup Call, proprietary risk management software created specifically for the hospitality industry. 

CONTACT:

  Chris Daly (media)
  (703) 435-6293