Friday, April 5, 2019

The Astor Companies Completes Transformative Merrick Manor Development in Coral Gables, FL

Sasha Ezquerra

CORAL GABLES, Fla. – Pioneering Miami developer The Astor Companies is setting a new standard for luxury, sophistication and lifestyle in the “City Beautiful” with the completion of Merrick Manor

The 10-story, mixed-use building with 227 residences and nearly 20,000 square feet of retail and restaurant space represents the only new, move-in ready condominium offering in Coral Gables.

Astor received a Temporary Certificate of Occupancy (TCO) from the city, paving the way for closings and resident move-ins to begin at the 301 Altara Ave. building – just steps away from the Shops at Merrick Park. 

Merrick Manor is the largest residential development delivered in Coral Gables in nearly a decade.

For Astor Founder, President and CEO Henry Torres, a Coral Gables resident and business owner, completing Merrick Manor is a culmination of his vision to redefine luxury living in the city he loves. 

Rendering of Completed Merrick Manor, 301 Altara Avenue,
Coral Gables, FL
The building blends timeless Mediterranean-style architecture with contemporary style, with the renowned Behar Font & Partners serving as Merrick Manor’s architect and award-winning Interiors by Steven G. designing and furnishing the building’s lobby, common areas and model residences.

Jaxi Builders is Merrick Manor’s general contractor.

“This is a special moment for our company, my family, the project team and everyone who supported Merrick Manor along the way,” Torres said. “No detail was spared in conceiving this project, which addresses the pent-up demand from a wide range of buyers for modern luxury residences located within walking distance to incredible shopping, dining and art galleries. 


Henry Torres
"I can’t wait to see our first residents move in and experience this unparalleled lifestyle.”

More than 65 percent of Merrick Manor’s residences are under contract, with prices for remaining units starting from $374,990 and ranging up to $2.6 million. Remaining units range from 574 square feet to more than 3,400 square feet.

 The one-to-four-bedroom residences feature exceptional finishes, including Italian cabinetry, Bosch appliances, white quartz countertops and spacious terraces.

The Agency Development Group is overseeing residential sales at Merrick Manor, led by Managing Director Sasha Ezquerra and Residential Sales Director Esther Prat.

Merrick Manor amenities include 24-hour valet parking, 24-hour front desk concierge service, lobby lounge area, Parcel Pending lockers, a business center with four computer-ready desks and multimedia screens for presentations, a club lounge and news café lounge on the fourth floor, state-of-the-art fitness center and resort-style pool with barbecue gathering areas.

In the event of a hurricane or major storm, Merrick Manor is equipped with unique storm-related features including emergency generators to fully power the ground-floor lobby and amenities floor and fully functional Wi-Fi in those areas. 

Esther Prat

Security features include a Coral Gables Police Department substation on the ground floor, 24-hour security, strategically placed security cameras and a covered and monitored parking garage.

Merrick Manor also offers nearly 20,000 square feet of prime, Class A ground-floor retail and restaurant space marketed by the Astor Real Estate Group, led by Principal Broker Roza H. Radkiewicz.

                              Roza Radkiewicz
For commercial and retail opportunities available at Merrick Manor, please contact Radkiewicz at (305) 779-5672 or (786) 218-8322 or email roza@astorcompanies.com.

To learn more about the residences, please visit www.merrick-manor.com or call the Merrick Manor Sales Gallery at (305) 779-6870.

Miami law firm Rennert Vogel Mandler & Rodriguez is handling Merrick Manor residential closings on behalf of Astor.

For more information, please visit the project Sales Gallery at 4200 Laguna Street, call (305) 779-6870 or email info@merrick-manor.com.

Contacts: 

BoardroomPR

Todd Templin: ttemplin@boardroompr.com, 954-370-8999
Eric Kalis: ekalis@boardroompr.com, 954-370-8999

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

Thursday, April 4, 2019

Hold-Thyssen Brokers Multi-Year Lease For Acupuncture Practice at Phillips Place in Southwest Orlando, FL


Darby Hold

ORLANDO, Fla. --- Hold-Thyssen, a full service real estate services firm headquartered in Winter Park , recently negotiated a multi-year lease agreement with Avanti Acupuncture, P.A. at Phillips Place , 7575 Dr. Phillips Blvd. , in southwest Orlando .     

 Darby Hold, transaction specialist for Hold-Thyssen, Inc., who represented the landlord, Cincinnati, Ohio-based Financial Way Realty, Inc., said the Oriental medicine and wellness center renewed their lease of the 1,071 square foot office suite to continue providing their treatment of symptoms relating to a variety of conditions.  They are ranked as one of the top acupuncture practices in the Orlando area.   

In addition, Hold brokered a lease agreement for 348 square feet with permanent make up salon, About Face Ink, LLC at Phillips Place .
                                              
Phillips Place, 7575 Dr. Phillips Boulevard. Southwest Orlando, FL
                                                                                    
Hold-Thyssen, Inc., the leasing and management representative for the 56,000 square foot Phillips Place , 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.


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

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

HFF closes sale of The Children’s Hospital of San Antonio Health Pavilion in San Antonio, TX

\
Maria Poyer

Evan Kovak
PHILADELPHIA, PA, April 3, 2019 – HFF announces it has closed the sale of The Children’s Hospital of San Antonio Health Pavilion, a brand new, 100-percent-leased, 57,250-square-foot, state-of-the-art and purpose-built medical office building located in the prestigious Stone Oak submarket of San Antonio, Texas.

HFF marketed the asset on behalf of the seller, Seavest Healthcare Properties, LLC, and procured the buyer, Harrison Street.

The Children’s Hospital of San Antonio Health Pavilion is located at 1434 East Sonterra Boulevard adjacent to the 242-bed Methodist Stone Oak Hospital and near the 362-bed North Central Baptist Hospital. 

 The medical office building has visibility from U.S. Highway 281, which boasts traffic counts of more than 100,000 vehicles per day, and is in the Stone Oak submarket of San Antonio, an affluent area that is anticipated to see five-year population growth of 9.2 percent, nearly three times the national average.

The Children’s Hospital of San Antonio Health Pavilion. 1434 East Sonterra Boulevard, adjacent to the 242-bed Methodist Stone Oak Hospital and near the 362-bed North Central Baptist Hospital in the Stone Oak submarket of San Antonio, TX

Ben Appel
 The property is anchored by CHRISTUS Santa Rosa Health System, a wholly-owned sub-network of CHRISTUS Health (Moody’s A1), which occupies 83 percent of the square footage. 

A pediatrics-focused outpatient facility, the property opened in 2018 and houses a Tier 1 freestanding children’s emergency center and urgent care, the first of its kind in northern San Antonio.

 The property also features a variety of complementary pediatrics focused services, including primary care, imaging, lab, outpatient treatment facilities and KidSTOP.

Andrew Milne
The HFF investment advisory team representing the seller included managing directors Evan Kovac and Ben Appel, director Andrew Milne, associate Matt DiCesare and analyst Maria Poyer of HFF’s national medical office capital markets team, along with the local team led by managing director John Taylor.  John Chun, a member of HFF’s medical office capital markets team, provided debt and structured finance expertise.

“The ChoSA Health Pavilion is an innovative and best-in-class children’s medical facility,” Milne said.  “The process generated significant investor demand primarily driven by the core nature of the property, tenancy and location.”

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

About Harrison Street

Harrison Street is one of the leading real estate investment management firms exclusively focused on the education, healthcare and storage sectors. 


John Taylor
The firm has created a series of differentiated investment strategies across multiple risk/return platforms.  Headquartered in Chicago, the firm employs a 140-person team with approximately $18 billion in assets under management. 

 For more information, please visit harrisonst.com.

About Seavest Healthcare Properties

Seavest Healthcare Properties, LLC is a real estate investment manager focused on the medical office and outpatient facility sector. 

The firm acquires existing properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. 
A pioneer in this sector, Seavest made its first healthcare real estate investment in the mid-1980s. 

John Chun
Today, the firm has a significant portfolio of medical office and outpatient properties located throughout the United States. 

For more information, please visit SeavestHCP.com.   


CONTACTS:

BEN APPEL
HFF Managing Director
(215) 872-9903

EVAN KOVAC
HFF Managing Director
(
858) 812-2365



JOHN TAYLOR
TX Lic. #466052
HFF Managing Director
(210660-2104

KRISTEN MURPHY
HFF Director, 
Public Relations
(617) 338-0990
krmurphy@hfflp.com

Wednesday, April 3, 2019

Mack-Cali Realty Sells 3.1 Million Commercial and Residential Real Estate Portfolio for $487.5 Million



Michael J. DeMarco

JERSEY CITY, NJ, April 3, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI), a waterfront centric office and residential property owner, announced that it has executed the sale of its 3.1 million square foot office/flex portfolio. 

The aggregate sales price for the portfolio was $487.5 million.  A portion of the proceeds from the sale was used to repay $210 million of unsecured debt at the end of the first quarter. 

As part of the sales consideration, the purchaser redeemed 301,638 of its common Operating Partnership units, which were valued at $6.6 million.  

Inclusive of proceeds from the sale of the Elmsford Distribution Center portfolio on December 31, 2018, the Company has retired $280 million of unsecured debt from sales of flex portfolios.

Michael J. DeMarco, Chief Executive Officer, stated, "The sale of our office/flex portfolio is an important part of our strategic repositioning and our evolution to a waterfront centric office and residential landlord. 

 Proceeds from the sale of this portfolio were used in part to pay down debt and in part for the recent purchase of Soho Lofts, a 377-unit apartment community in Jersey City, which furthers our waterfront strategy."
.
For more information on Mack-Cali Realty Corporation and its properties, please visit www.mack-cali.com.
   
CONTACTS:

Michael J. DeMarco
Mack-Cali Realty Corporation
Chief Executive Officer
(732) 590-1589
mdemarco@mack-cali.com


Deidre Crockett
Mack-Cali Realty Corporation
Senior Vice President,
Corporate Communications
and Investor Relations
(732) 590-1025
dcrockett@mack-cali.com

Seyfarth Represents Mack-Cali Realty in $487.5 Million Sale of Office/Flex Portfolio


Brooks Marro
NEW YORK, NY (April 3, 2019) - Seyfarth Shaw LLP represented Mack-Cali Realty Corporation, a waterfront centric office and residential property owner, in the $487.5 sale of its 56-building, 3.1 million square foot office/flex portfolio.

Miles Borden
A portion of the proceeds from the sale was used to repay $210 million of unsecured debt at the end of the first quarter.

 As part of the sales consideration, the purchaser redeemed 301,638 of its common Operating Partnership units, which were valued at $6.6 million.

John P. Napoli
Inclusive of proceeds from the sale of the Elmsford Distribution Center portfolio on December 31, 2018, the Company has retired $280 million of unsecured debt from sales of flex portfolios.

One of the country's leading Real Estate Investment Trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast.

Michael
Rosenthal
 A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades.The Seyfarth team was led by Real Estate partner Miles Borden and Corporate partner John Napoli in New York.
The team also included Real Estate counsel Brooks Marro (Atlanta), Corporate/Tax counsels Steven Crainer (New York) and Michael Rosenthal (New York), and Real Estate associate Evan Gordon (New York).
For more information on Mack-Cali Realty Corporation and its properties, please visit www.mack-cali.com.

CONTACT:

John Garger 

Tuesday, April 2, 2019

Lincoln Property Co. Completes Six Multi-Year Leases with Local and National Firms at Airport Business Center in Orlando, FL


Tonya Dolan

Sean DuPree
ORLANDO , FL – Lincoln Property Company Southeast, a full service commercial real estate firm based in Orlando , recently completed six multi-year lease agreements at Airport Business Center totaling 19,147 square feet of office space.

Sean DuPree, Broker at Lincoln Property who handles leasing at Airport Business Center , negotiated the transactions on behalf of the Landlord RCS-Orlando Airport 371 LLC of Louisville , CO.

A new lease for 5,031 square feet at 5752 S. Semoran Blvd. was signed by Synect, LLC d/b/a Synect Media.  Tonya Dolan of Keller Williams Advantage III Realty at Lake Nona represented the tenant who creates custom content video walls for OIA and airports across the U.S.

Tad McDonough
Milwaukee-based Johnson Controls Fire Protection, LP signed a new lease for 3,538 square feet at 5878 S. Semoran Blvd.     The tenant, who specializes in enhancing fire and security systems with multi-layered emergency communications, was represented by Tad McDonough of CBRE.  

Eden Site Development, Inc., who signed a new lease for 1,757 square feet at 5800B S. Semoran Blvd. , provides site clearing, utility services, curbing, paving and signage for the construction industry.  Eden was represented in the transaction by David Mander of Results Real Estate Partners. 

David Mander
DuPree brokered a new lease for 3,423 square feet with current tenant MSE Group who already occupies 10,158 square feet at 5854 S. Semoran Blvd.   MSE extended the term of their existing lease and expanded into the adjoining suite 5866 .

 The tenant, with offices in seven states, is a multi-disciplinary environmental engineering and construction firm.

UEP, Inc. leased 2,376 square feet.  The professional photography and video production company relocated from Winter Park to the more prominent location at 5852 S. Semoran .


Michael Danforth
House of Management Enterprises for Community Associations, Inc. renewed its lease of 3,022 square feet at 5756 S. Semoran Blvd.   Michael Danforth and Alberto Leon of CRESA represented the tenant who provides HOA and condominium management throughout metro Orlando.

The six-building 200,000+ square foot Airport Business Center is located at 5730-5892 S. Semoran Blvd. at the intersection of Hoffner Ave. (CR15) north of Orlando International Airport .

Alberto Leon




CONTACTS: 

Sean DuPree,
CCIM, Director of Sales/Leasing, 
Lincoln Property Company 
407-872-3500
 sdupree@lpc.com

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


HFF announces $30 million capital for development of Home2 Suites by Hilton hotels in Sarasota, FL and Largo, FL


Rebecca VanReken

ORLANDO, FL, April 2, 2019 Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged nearly $30 million in capital for the development of two Home2 Suites by Hilton hotels totaling 236 keys in Sarasota and Largo, Florida.

The HFF team worked on behalf of the developer, a joint venture partnership HFF arranged consisting of Floridays Development Company and Butson Hotels, to place a fixed-rate loan for the development of the Sarasota Home2 Suites and a floating-rate loan for the development of the Largo Home2 Suites. 

Rendering of planned Home2 Suites by Hilton hotels totaling 236 keys in Sarasota, FL and Largo, FL

Home2Suites by Hilton is an all-suite, mid-tier, extended-stay Hilton brand designed with the budget-conscious traveler in mind.  All suites provide separate living and bedroom areas, and all properties feature an open lobby area with a community space called the “Oasis,” a laundry and fitness area, business zone and market pantry.

Home2 Suites by Hilton Sarasota will house 118 rooms within five stories on a 6.56-acre land parcel on Mauna Loa Drive within Bee Ridge Park of Commerce in Sarasota. 

Michael Weinberg


Once completed in late 2019, the hotel will have visibility to more than 127,500 vehicles per day from Interstate 75.  Multiple demand drivers are within a 10-mile drive of the hotel, including a nearby hospital, medical-oriented Ridgelake Business Park, the Ringling Art Museum, historic St. Armand’s Circle and the white sand of the world-famous Siesta Key, which is currently ranked the No. 2 beach in the U.S.

Home2Suites by Hilton Largo’s five stories will also contain 118 rooms.  Scheduled for completion in the spring of 2020, the hotel will be constructed on 2.3 acres at 10125 Ulmerton Road directly across from the Largo Mall. 

Alan Suzuki
This location is approximately five miles east of the Gulf beaches, including Indian Rocks Beach, Indian Shores, Sand Key and Clearwater beaches.  Additionally, the hotel is surrounded by numerous restaurants within walking distance.

The HFF equity and debt placement teams included senior managing director Michael Weinberg,  managing director Rebecca VanReken and senior director Alan Suzuki.

Angus Rogers
“HFF is well versed with and has the relationships with the type of lenders we like to work with on these types of projects,” said Angus Rogers, president and CEO of Floridays Development Company.  “Michael and his team have been very professional in all of our dealings.”

“It was a privilege to be able to link capital with high-quality developers/owners like Floridays Development Company and Butson Hotels,” Weinberg added.

  CONTACTS: 

MICHAEL WEINBERG
FL Lic. # SL3133790
HFF Senior Managing Director
(407) 745-3900

REBECCA VANREKEN
HFF Managing Director    
(407) 745-3900

ALAN SUZUKI
HFF Senior Director
(617) 338-0990

KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420


Feldman Equities Brings on Baharea Larsen as Executive Vice President of Leasing and Marketing in Tampa, FL


Baharea Larsen
TAMPA, FL --  With an eye towards the continued success of its leasing program and expansion of the company’s real estate portfolio, Feldman Equities has hired Baharea Larsen as Executive Vice President of Leasing and Marketing.

As Executive Vice President of Leasing and Marketing, Larsen will head all leasing activity for the company’s office building portfolio.  Her role will also include leasing oversight of new acquisitions.

Larry Feldman
“In Baharea we’ve found a team member who can grow with the company,” stated Feldman Equities CEO Larry Feldman. “She knows the Tampa Bay real estate market inside out and has a strong marketing background.” 

Broker relationships are key in today’s real estate market and Larsen plans to capitalize on her 13 years on both sides of the bay making those connections. 

“The success of Feldman Equities’ renovation and lease-up strategy speaks for itself,” said Larsen. “I’m excited to market some of the largest high-end blocks of real estate available in this currently tight Tampa Bay market.”

Larsen most recently served as Vice President of Redstone Commercial, leasing a 600,000 square foot portfolio following roles at Cushman & Wakefield and Commercial Partners Realty.

Larsen and Feldman Leasing Representative Ceci Tricoli will together lease a portfolio of some of the most well-known office towers in downtown Tampa and St Petersburg.

About Feldman Equities, LLC

Over the past 30 years, Feldman Equities has developed or acquired over eleven million square feet of office and retail properties with an aggregate value in excess of $3 billion. Feldman is a “re-inventor” of the office building and specializes in turning around distressed office assets. Feldman Equities and its partners own and manage 1.9 million square feet of office space in the Tampa Bay area.
  

CONTACT: 

Tammy Youngman 
tyoungman@assetmarketingonline.com                                                                                                              

EagleBridge Capital Arranges $2.12 Million Financing for Hingham, MA R&D Building

                                                                       
Future Home of Yankee Trader Seafood, 80 Sharp Street,
Hingham, MA
                          
Boston, MA -- EagleBridge Capital, has arranged acquisition/permanent mortgage financing in the amount of $2,120,000 for the future home of Yankee Trader Seafood which will be expanding to 80 Sharp Street in Hingham, Massachusetts.

The mortgage financing was arranged by EagleBridge principal Ted. M. Sidel who stated that the loan was provided by a leading Massachusetts thrift institution.

Ted M. Sidel
Yankee Trader Seafood, founded in 1994 is a women-owned minority-based company which prepares and sells a wide variety of frozen prepackaged seafood dinner meals, fishcakes, and appetizers which are sold nationally through over 3000 grocery and club stores across the United States including Costco, Market Basket, Stop & Shop, Albertsons, Kroger, Price Chopper, Hannaford, and Shaws.

Yankee Trader Seafood products include scallop casseroles, shrimp scampi, stuffed salmon, crab cakes, lobster cakes, fish cakes, spring rolls, rangoons, scallops wrapped in bacon, and a wide variety of scrimp appetizers.

80 Sharp Street is a 23,600 square foot industrial building on a 2 acre site within 2 miles of  Route 3, a major north/south access route tp Boston and Route 128.   The building will be fully renovated.


EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and  r & d buildings, shopping centers,  hotels, condominiums and mixed use properties as well as special purpose buildings.
 CONTACT: 
                                                                                                                                   STAN SIDEL
 ssidel@eaglebridgecapital.com