HFF announces expanded leadership team for West Coast region

Michael Leggett

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has expanded its West Coast leadership team with the appointment of Michael Leggett and Kevin MacKenzie as co-heads of the West Coast region. 

Leggett and MacKenzie will oversee the firm’s five West Coast offices in Los Angeles, Orange County, San Diego and San Francisco, California, and Portland, Oregon. 

Since first quarter 2013, HFF has added 34 transaction professionals and appointed four new office heads on the West Coast; including the most recent promotion of Nick Kucha and Tom Wilson to co-head the Portland office.

The new transaction professionals span various disciplines including retail, office, hotel, multi-housing and industrial investment sales as well as debt placement.  These key hires have come through recruiting and organic growth and are complemented by strong additions made in the support functions.

“The change in our leadership on the West Coast is in keeping with our corporate mission, which is to identify leaders of our business and to put them in positions, which appropriately match their skills, aligning interests to significantly grow our presence in a given market and/or business line,” said Jody Thornton, president of HFF Inc.

Kevin MacKenzie

 “The appointment of Michael and Kevin was a natural progression for these two talented individuals who have demonstrated significant leadership through their roles as office heads and throughout the firm nationally.  We anticipate continued leadership opportunities as we explore potential HFF locations in both the Seattle and Phoenix areas.”

“2015 was a record year for HFF in the West Coast region, increasing volume and market share significantly over 2014.  Since 2010 HFF has grown its West Coast volume over five times, while more than doubling headcount; a testament to the success of our mission to grow our presence in this region and the caliber of our associates who have contributed to this success,” added Thornton.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

HFF arranges financing and equity for retail power center in Scottsdale, AZ

The Pavillions at Talking Stick Shopping Center, Scottsdale, AZ

 

John Pelusi

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a recapitalization for The Pavilions at Talking Stick, a 1.1 million-square-foot retail power center in Scottsdale, Arizona.

HFF worked on behalf of the sponsor, De Rito Partners, to arrange the joint venture equity partnership with PCCP.  Additionally, HFF worked on behalf of the new partnership to arrange a loan with Wells Fargo Bank.

 In addition to acquiring the property, loan proceeds were used to fund capital expenditures and cover site preparation for ground lease opportunities in outparcel pad locations.

With more than 65 retail stores, restaurants and services, The Pavilions at Talking Stick is home to Target, Home Depot, Burlington Coat Factory, Conn’s Appliances, Hobby Lobby, Toys R Us, Petco, Ross Dress for Less, Michael’s and Mountainside Fitness. 

The 91.3-percent-occupied center consists of 47 buildings renovated in 2008 that are also leased to Famous Footwear, Frontgate, Lamps Plus, Roadhouse Cinemas, Denny’s and Ulta Beauty.  Situated on 142 acres at 9001-9175 East Indian Bend Road,

The Pavilions at Talking Stick is located off Loop 101 at a full-diamond interchange on Indiana Bend Road in the northern Scottsdale area of Talking Stick, an emerging cultural and entertainment destination that includes the Talking Stick Resort and Casino, which is adjacent to the center; 36-hole championship Talking Stick Golf Club; and Salt River Fields at Talking Stick, a MLB spring training facility for the Arizona Diamondbacks and Colorado Rockies. 

The HFF team was led by executive managing director John Pelusi, senior managing director Kevin MacKenzie and managing director James Fowler.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.derito.com.

HFF secures $13.68 million acquisition bridge financing for Tribeca mixed-use property in Manhattan, NY

315 Broadway, Tribeca Neighborhood, Manhattan, NY

 

Steven Klein

NEW YORK, NY  -- Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $13.68 million in acquisition bridge financing for 315 Broadway, a 17,615-square-foot, mixed-use property in Manhattan’s Tribeca neighborhood.

HFF worked on behalf of the borrower, United American Land, LLC, to arrange the four-year, floating-rate loan through Peoples United Bank.  

Given the short term leases in place, the borrower intends to reposition the property into a boutique office building with high quality retail space on the ground floor. HFF was also involved in the sale of the property in October 2015.

315 Broadway is located in the Tribeca submarket of Manhattan on the west side of Broadway between Duane and Thomas Streets.  This location is proximate to area transportation including the subway, PATH train and the World Trade Center Transportation Hub.

 The five-story loft property has 13,900 square feet of office space and 3,715 square feet of ground floor retail..  The property also has approximately 23,401 square feet of unused air rights.

Geoff Goldstein

The HFF debt placement team representing the borrower was led by managing director Steven Klein and director Geoff Goldstein.

“With the strength of the asset’s location in Tribeca and top-tier sponsorship, we received a great deal of interest in this offering from commercial banks,” said Klein. “Peoples understood the business plan to fully reposition the property and provided attractive terms in a timely manner to secure the financing.”

United American Land LLC (UAL) is a family-owned real estate development, investment and management company based in New York City.  Its principals, the brothers Albert, Jason and Jody Laboz, own and manage almost fifty properties in Manhattan, Brooklyn and Queens. 

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.unitedamericanland.com

  

Student Housing near Purdue University in West Lafayette, IN market

Barbara J. Gaffen

CHICAGO, IL  (Jan.  26, 2016) – Northbrook, Ill.-based Prime Property Investors (PPI) today announced the sale of a 25-building student housing portfolio near Purdue University, marking the firm’s exit from the West Lafayette, Ind., market.

Acquired in a series of transactions beginning in 2005, for $32.8 million, the portfolio included 777 beds across 25 buildings, all within blocks of the Purdue campus. PPI sold the properties for $47.2 million, representing a 44 percent gain over the firm’s initial investment.

“As one of the largest student housing operators in West Lafayette, we were regularly approached by investors that were interested in purchasing the portfolio, but we didn’t feel the timing was right until now,” said Barbara J. Gaffen, co-CEO of PPI.

“In markets like West Lafayette where we’ve been able to capitalize on record or near-record pricing, we have strategically been selling off our student housing assets and redeploying that capital into other high-growth sectors – including multifamily and, most recently, healthcare – that will allow us to achieve attractive returns on behalf of our investors.”

PPI owned and managed all of the West Lafayette properties, which included a mix of studio, one-, two-, three- and four- bedroom apartments. The buildings consistently operated at 100 percent occupancy throughout PPI's 10 years of ownership. Purdue’s West Lafayette, Ind. campus had a fall 2015 enrollment in excess of 39,000 students.

“Our ability to competitively position these properties over the past decade allowed us to generate significant interest from prospective buyers,” added Gaffen.

In order to maximize its return, PPI sold the portfolio through 18 separate transactions, the last of which was completed in December 2015. Buyers included a combination of local, national and foreign investment groups.

 For a complete copy of the company’s news release, please contact:

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

www.primepropertyinvestors.com.

NAI Realvest Negotiates New Leases for Office Space totaling more than 4,000 square feet at Two Orlando, FL Locations

  

Chris Adams

ORLANDO, FL – NAI Realvest recently negotiated two new leases for office space near Orlando International Airport and just south of Downtown Orlando off south Orange Avenue.

Chris Adams, associate at NAI Realvest, represented the local landlord Heaven III in the lease of 2,500 square feet to Makino, Inc. a private company offering machine tool technology.   

The Mason, Ohio-based tenant leased Suite E in Building 3 part of a recently completed 24,000 square foot flex building in a new campus off SR 528 between S. Goldenrod and S. Semoran Blvd. at 7001 McCoy Rd.  

NAI Realvest partner Paul P. Partyka and associate Juan Jimenez leased 1,544 square feet of office space to KGK Synergize, Inc., a scientific R&D company headquarted in London, Ontario.  The property, located at 114 W. Underwood St. is just south of Downtown Orlando off of S. Orange Ave.    Partyka and Jimenez represented the landlord, Ernesto Fernandez of Apopka.

For a complete copy of the company’s news release, please contact:

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

Gateway DeLand – 180 Acre Planned Commercial, Mixed-Use Development at Major I-4 Interchange -- Now Released for Sale

John Kurtz

DeLand, FL --- A sprawling undeveloped 180-acre mixed-use development site called Gateway DeLand, strategically positioned at the interchange of I-4 and SR 44, and part of an approved planned development (PD) within the City of DeLand has been released for sale.

Roger Soderstrom, who heads the RS Select International group at Premier Sotheby’s International Realty, said the property, which has been held by an investment group for decades, offers many development opportunities ranging from corporate headquarters and hotel sites to fast food, restaurants, auto service and banking to grocery-anchored retail center, and lakefront residential.  

Gateway DeLand is positioned for immediate development and is being marketed globally by Soderstrom and his RS Select International team and real estate marketing experts including John Kurtz a land specialist and Michael Lopez, a former DeBartolo land and commercial specialist. 

Gateway DeLand is the last significant interchange to be developed between Orlando and Daytona Beach, said Kurtz.  “The large amount of undeveloped land is going to allow for something special.  

"We think this project will be one of the most important signs of progress that west Volusia County has seen in years and it will dramatically change the landscape of DeLand.”

Michael Lopez

Soderstrom said among the many uses planned at the interchange are a major commercial mixed use development or retail power center fronting I-4 on 30 acres; a 16.31-acre tract for a retail strip center fronting SR 44; two sites – 2.69 acres and 3.98 acres – slated for hotels with I-4 visibility along with a proposed 300-400 unit lakefront apartment or condominium community.  

Lopez said he is in close talks with several developers who are eyeing acreage at the mixed-use development site.   “This is a fantastic opportunity for all regional and national developers, hoteliers and retailers,” Lopez said.

“I’m very confident this development will be a great success.  It has the right mix of factors needed to generate a phenomenal development,” said Lopez who has 36 years of experience of marketing and selling commercial development land.   

  

 For a complete copy of the company’s news release, please contact:

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

HFF arranges financing for 454-unit multi-housing community in Dallas, TX area

Thousand Oaks Apartments within Austin Ranch community, The Colony, TX

Trey Morsbach

DALLAS, TX – Jan. 26, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for Phase III of Thousand Oaks Apartments, a 454-unit, Class A neighborhood-style multi-housing community in The Colony, Texas.

HFF worked on behalf of Billingsley Company (Billingsley) to secure the 10-year, fixed-rate loan through Prudential Mortgage Capital Company.  Loan proceeds were used to refinance existing debt on the property.

Thousand Oaks Apartments is located within Billingsley’s 1,900-acre Austin Ranch master planned, mixed-use community, which includes office, multi-housing and retail. 

In addition to the nearby amenities at Austin Ranch, the property is situated less than two miles west of the Dallas North Tollway and three miles south of the Sam Rayburn Tollway (SH 121) and is accessible to the Shops at Legacy, Legacy Business Park, Hall Office Park, Granite Park and several major corporate headquarters.

 The property has one-, two- and three-bedroom units ranging from 609 to 1,520 square feet.  Property amenities include five swimming pools, two volleyball courts, outdoor dining areas, two fitness centers, two playgrounds, two community lodges, five on-site restaurants, on-site retail, business center and access to miles of hiking/biking trails.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.billingsleyco.com.

HFF secures $56.925 million financing for 352-unit apartment community in Doral, FL

AMLI Doral Apartments, 11481 NW 41st Street (Doral Boulevard,
Doral, FL

 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $56.925 million in financing for AMLI Doral, a 352-unit, Class AA, garden-style apartment community in Doral, Florida.

Working on behalf of the borrower, AMLI Residential Properties Trust, HFF placed the seven-year, fixed-rate loan with The Northwestern Mutual Life Insurance Company.

AMLI Doral is located at 11481 NW 41st Street (Doral Boulevard) immediately east of the Florida Turnpike in Miami Dade County. 

The property is approximately 15 miles northwest of downtown Miami and 11 miles west of Miami International Airport.  Completed in 2013, the property has eight residential buildings surrounding a picturesque lake and offers eight distinct floor plans, which include one-, two- and three-bedroom units averaging 1,063 square feet each. 

Community amenities include a resort-style swimming pool with sundeck; lakeside lounge/entertainment area with gas fire pit; children’s park; state-of-the-art fitness center; dual-tier clubhouse; resident lounge with billiards; second-story outdoor lounge area with pool and lake views; and full service business center.

The HFF debt placement team representing the borrower was led by senior managing director Matt Kafka and associate director Scott Wadler.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of and arranges financing for Gateway North in suburban Tampa, FL

                                                 

                                                                                       (Photo by C2 Design Group).

Gateway North Apartments, 2681 Roosevelt Boulevard, Clearwater, FL

                      

Cortney Cole

 TAMPA, FL – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged financing for Gateway North, a newly-built, 342-unit, Class A multi-housing community in the Tampa suburb of Clearwater, Florida.

HFF marketed the offering exclusively on behalf of the seller.  Venterra Realty (Venterra) purchased the asset for an undisclosed amount.  Additionally, HFF worked on behalf of Venterra to secure the seven-year, 3.95 percent fixed-rate acquisition loan through Prudential Mortgage Capital Company.

Gateway North was completed in 2015 and offers amenities including a swimming pool with private cabanas, outdoor kitchens and bars, dog park, walking paths, state-of-the-art fitness center, clubhouse, high-tech business center, car wash, electric car charging stations and detached garages. 

Designed in a transitional Craftsman architectural style, the property has one-, two- and three-bedroom floor plans averaging 943 square feet each.  

The property is located at 2681 Roosevelt Boulevard proximate to the Gateway office market, one of Tampa Bay’s largest employment markets.

The HFF investment sales team was led by managing director Matt Mitchell and associate director Zach Nolan.

Matt Mitchell

HFF’s debt placement team was led by director Cortney Cole and associate director Preston Reid.

 “After a prolonged period of limited new apartment development in Pinellas County, Gateway North was met with significant demand from renters.  

"The property’s rapid leasing velocity allowed the developer to execute its business plan and sell the property while still in lease-up,” said Mitchell.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

$7.26 Million Sale of CVS Pharmacy Site in Jupiter, FL Handled by Marcus & Millichap

Lori Schneider

JUPITER, FL– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of CVS, a 12,290-square foot net-leased property located in Jupiter, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,264,000 equating to $591 per square foot.

Lori Schneider, a senior vice president investments in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Boca Raton, Fla.  The buyer was a private investor from Chile.

“The ease of capital migration and the low-risk nature of drugstore leases continue to foster investor interest,” says Schneider. “This is an outstanding drugstore location with high household income and 28 percent growth projected through 2019. We received offers from local, national and international investors and closed at $591 per square foot.”

Built in 2003, the 12,290-square foot CVS is located on a 1.91 acre parcel in a high-growth location in the massive mixed-use development of Abacoa, a suburb of West Palm Beach.  CVS has recently committed to a renovation of the entire interior and partial exterior renovation of this location.

CVS is located at 4100 Military Trail, on the main roadway directly at the entrance to the Abacoa Jupiter development.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Brokers $5.95 Million Sale of $100,000-SF Boulevard Corners Retail Property in Jacksonville, FL

Lori Schneider

JACKSONVILLE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Boulevard Corners, a 100,589-square foot retail property located in Jacksonville, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $5,950,000.

Lori Schneider, senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Brewster, NY and the buyer, a limited liability company from Miami Beach, Fla.

“The buyer was a Miami exchange buyer who was attracted to being able to purchase an anchored center in a dense Florida location at a low cost per square foot,” says Schneider.

Boulevard Corners is a 99 percent occupied retail center anchored by Staples and Habitat for Humanity ReStore, on an 8.6 acre lot.

 For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Arranges $4 Million Sale of Sandalfoot Plaza Drive Retail Property in Boca Raton, FL

Richard Moravek

BOCA RATON, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada announced the sale of 23133 Sandalfoot Plaza Drive, a 7,860-square foot retail property located in Boca Raton, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $4,000,000 equating to $509 per square foot.

Richard Moravek, a senior associate in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Merrick, NY.  The buyer was a private investor from Brazil.

“Capital from Latin American investors seeking yield and safety in commercial real estate income producing properties continues to flow into the South Florida tri-county area,” says Moravek.

Built in 1990, the plaza is located in the Sandalfoot retail corridor of Boca Raton.  The plaza is well-maintained with 100 percent occupancy by long-term tenants, including Jiffy Lube, Subway and Express Car Wash.  The plaza has excellent visibility from US-441/State Road-7.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Jeffery Burrell Named General Manager Of Westin Portland Harborview

  

Jeffery A. Burrell

PORTLAND, ME, Jan. 25, 2016—Gerry Chase, president and COO of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, today announced that veteran hotelier Jeffery A. Burrell has been named General Manager of the 289-room and suite Westin Portland Harborview in Portland Maine, a Rockbridge portfolio property.

An award-winning hotel executive, Burrell most recently was the General Manager of the AAA four-diamond, Westin Riverfront Resort & Spa in Avon, Colo., which he opened in 2008.

        “Jeffery is a proven leader with significant experience in all aspects of full service hotel and resort operations,” said Chase.  “He’s earned a reputation as a dynamic team leader, passionate guest advocate and dedicated community partner.  I believe he will be exactly the right person to help write the next chapter for this storied hotel.”

        Earlier in his career, Burrell was the Director of Front Office for the Brown Palace Hotel & Spa in Denver, Colo.  Prior to moving to Colorado, he was the Manager of Front Office, Spa and Recreation Operations for the Hard Rock Hotel and Casino in Tampa, Fla., and held several positions of increasing responsibility within the Disney Resorts.  He holds an MBA in International Hospitality & Service Industries Management from the Glion Institute of Higher Education in Switzerland.

Gerry Chase

     

   “The Westin brand really speaks to me and to have the opportunity to operate a Westin-branded hotel that is such an icon in its city is a dream come true,” said Burrell.  “There’s something different about working in a hotel that the city cherishes, and I can’t wait to tap into that history and share it with Portland’s visitors.” 

Located in the heart of Portland's arts district at 157 High Street, the 289-room and suite Westin Portland Harborview is the result of an 18-month, $50 million renovation that transformed a beloved, 1920s era grand dame into the city's most elegant hotel.  A member of Historic Hotels of America,

The Westin Portland Harborview is within easy walking distance of the city's best dining, shopping and art galleries, as well as the Old Port District. Recently ranked the “fifth hippest city in the U.S.” by Travel & Leisure magazine readers and the “#1 Foodiest Small Town” by Bon Appetit, Portland is celebrated for its live music scene, fine dining, independent boutiques and eco-friendly lifestyle.

        For additional information, please go to www.westinportlandharborview.com.

  Reservations at C2 are available through OpenTable.

For a complete copy of the company’s news release, please contact:

Lauralee Dobbins

Write Touch Public Relations

Lauralee@WriteTouchPR.com

609-451-5102

www.newcastlehotels.com.

American Realty Advisors Acquires Core Industrial Asset in Metro Chicago, IL

1-88 Gateway Logistics Center, Metro Chicago, IL

Ray Kivett

Chicago, IL, Jan. 25, 2016 – American Realty Advisors announced the acquisition of the I-88 Gateway Logistics Center, a 604,565 square-foot industrial property in the metro Chicago area. The building is currently fully leased to a large distribution tenant through 2022.

According to Ray Kivett, American’s Managing Director, Investments, this acquisition will make a great addition to American’s industrial portfolio, as the purchase secures an asset with a high quality, long-term tenant in a strong market.

“Overall, this is the type of core industrial property that fits very well in our portfolio. The center’s great location, strong tenant profile, and high quality construction are three of the factors that we believe will provide our investors with an attractive cash flow stream and overall return profile,” says Kivett.

Built in 2014, the property is located in the I-88 West Industrial submarket of the Chicago MSA and is approximately 40 miles due west of the Chicago Central Business District. 

Jeffrey Devine

The property sits on a 32.59 acre site and has 32-foot clear heights, 60 cross-dock truck doors, four drive-in doors, ESFR fire protection, a fully air conditioned food grade facility, secured trailer parking with 63 trailer stalls, 46 trailer staging bays with an additional 63 future trailer stalls, and 300 parking spaces.

  “The newly constructed I-88 Gateway Logistics Center features many of the optimal attributes for an industrial property, and the center is situated within one of the strongest submarkets in the region.  

In addition, the layout of the asset provides flexibility in serving both large and medium size tenants as the space could eventually be demised down the middle to provide two cross-docked spaces,” adds Kivett.

“The property represents a high quality addition to our Chicagoland industrial portfolio that we are very excited to continue to grow,” noted Kivett.

The seller, a joint venture between Opus and USAA Real Estate Company, was represented by Jeffery Devine and Steven Disse of Colliers.

  

For a complete copy of the company’s news release, please contact:

Lexi Astfalk / Jenn Quader

Brower, Miller & Cole

(949) 955-7940

LAstfalk@browermillercole.com

 www.americanreal.com

BankUnited Announces $5.5 Million LoanTo Refinance Jacksonville Mixed-Use Property at 220 Riverside

 MIAMI LAKES, FL (Jan. 25, 2016) – BankUnited announced it provided a $5.5 million loan to HP Retail 220, LLC, an affiliate of NAI Hallmark Partners, to refinance a loan on its retail property at 220 Riverside, a mixed-use development located at the intersection of Riverside Avenue and Forest Street within downtown Jacksonville’s historic Brooklyn neighborhood.

In addition to the 21,816 square feet of retail space, 220 Riverside features 294 apartment units and Unity Plaza, a 2-acre urban park, amphitheater and gathering space with daily events for the community.  The retail space is 100% occupied by four tenants: upscale dining establishments Sbraga & Company and Hobnob Restaurant, Unity Plaza Center and Brixx Wood Fired Pizza.

For more information about BankUnited please call (904) 516-5457 or (877) 779-2265, or visit www.BankUnited.com.

  

For a complete copy of the company’s news release, please contact:

Mary Harris, (305) 817-8117                                     

MHarris@BankUnited.com

Savannah Whaley, (954) 776-1999, x225

swhaley@piersongrant.com

Amy Hoffman

Pierson Grant Public Relations

6301 Northwest 5th Way  Suite 2600

Fort Lauderdale, FL  33309

v. (954) 776-1999  ext. 228

f. (954) 776-0290

ahoffman@piersongrant.com

www.highimpactdigital.com