HFF closes $55.6 million sale and arranges $39.06 million financing for four-building office portfolio in Orange County, CA

Brea Corporate Plaza, Brea, CA

Ryan Gallagher

 NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $55.6 million sale of and arranged $39.06 million in financing for Brea Corporate Plaza and Brea Park Centre, a four-building office portfolio totaling 290,657 square feet in the Orange County community of Brea, California.  

HFF marketed the property on behalf of the seller, The PRES Companies and Mariner Real Estate Management, and procured the buyer, JCR Capital, who provided the majority of the equity capital for the purchase.

 This is the first acquisition for the partnership of JCR/PRES in which their proposed business strategy will be to sell off the four buildings on an individual building basis over the next few years.  PRES will retain a strong working relationship with Mariners as the partnership will continue on other known holdings. 

Additionally, HFF worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through Prime Finance.  The financing has two 12-month extensions and was used to acquire the asset and fund additional advances for capital improvements and leasing costs. 

Brea Corporate Plaza and Brea Park Centre consist of four multi-tenant office buildings located at 500 S. Kraemer Boulevard, 2601 Saturn Street, 2650 Imperial Highway and 3230 E. Imperial Highway. 

Derreck Barker

All four properties offer exceptional visibility along Imperial Highway and immediate access to more than four million square feet of retail and service amenities, and a variety of executive housing options throughout Orange County. 

Within walking distance is La Floresta, a 120-acre master-planned community featuring Whole Foods, Corepower Yoga and Mendocino Farms as well as 1,100 residential units and neighborhood parks.  Combined, the properties are 85 percent leased to tenants, including Nestle, FoxConn, Citizen Business Bank and Sedgewick Claims Mgmt. 

   

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, associate director Derreck Barker and director Tim Geiman.

HFF’s debt placement team was led by director John Chun, associate director Lee Redmond and real estate analyst AJ Manas.

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

Kristen M. Murphy

Director, Marketing

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.mariner-re.com.

HFF closes $22.5 million sale of and assists with $17.3 million financing for Bank of America Plaza in Greenville, SC

Bank of America Plaza, 101 North Main Street, Downtown Greenville, SC

Ryan Clutter

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $22.5 million sale of and assisted in arranging $17.3 million in financing for Bank of America Plaza, a 15-story, 196,152-square-foot, iconic office tower in Greenville, South Carolina. 

HFF marketed the property on behalf of the seller, Hughes Development Corporation.  RealOp Investments purchased the asset and was assisted by HFF in securing the $17.3 million, floating-rate acquisition loan. 

Bank of America Plaza is located at 101 North Main Street in downtown Greenville, which anchors ONE City Plaza in the center of Greenville’s award-winning Main Street.  Other nearby amenities include Falls Park, Fluor Field, The Bon Secours Wellness arena and numerous dining and shopping options. 

The building was extensively renovated in 2014 and features direct connectivity to the adjacent Aloft Hotel and its WXYZ bar, as well as two parking structures on either side of the building. 

Additionally, tenants have access to a new fitness center complete with locker rooms and showers.  Bank of America Plaza is roughly 80 percent leased to tenants, including IBM, Bank of America, iHeartMedia and Next on Main, a creative office hub that caters to Greenville’s entrepreneurial workforce.

Scot Humphrey

The ground-floor retail component of the building is home to Methodical Coffee, TAZ Boutique and the iStore, an Apple reseller. 

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter, director Scot Humphrey, associate director Chris Lingerfelt and real estate analyst Zach Drozda.

“Bank of America Plaza is an exceptionally well located office building in the heart of downtown Greenville, South Carolina, one of the more dynamic markets in the state,” commented Clutter.

 “Investment capital was attracted to the asset’s compelling features and the notable economic growth occurring in Greenville.  We anticipate steady demand for Greenville investment opportunities in 2017 and beyond as the region continues to post favorable trends appealing to investors.” 

HFF’s debt placement team was led by senior managing director Travis Anderson and director Brent Bowman. 

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

Kristen M. Murphy

Director, Marketing

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

JLL Boosts Phoenix Investment & Finance Platform with Two New Hires: Robert Kline and Dan Postal

Robert Kline

PHOENIX, AZ, Dec. 13, 2016 – In an effort to strengthen its already broad suite of finance and investment capabilities, JLL today announced the addition of two market experts in the firm’s Capital Markets group.

Industry veteran Robert Kline has joined JLL’s Capital Markets, Finance unit as a Managing Director in the Phoenix office. Dan Postal has joined the firm as a Senior Vice President.

Kline will focus his efforts on a broad range of services including debt and equity, CMBS loans and foreign capital, partnering with Senior Managing Director Dennis Desmond and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody.

Postal has teamed up with Senior Vice President Brian Ackerman to focus on investment sales and owner/user acquisitions and dispositions.

“We continue to build the Finance group within our Capital Markets platform,” said Fish. “We are excited to welcome Robert to JLL, as he helps to round out an experienced and professional team in the Southwest. He fills a vital role for us in Phoenix and brings a successful national finance practice to our firm.”

Dan Postal

“Robert’s vast client network and depth of experience across all aspects of real estate finance are an invaluable addition to our already robust platform in Phoenix. 

"We continue to look to improve our clients’ experience and grow our business with marquee hires such as Robert,” added Desmond.

 “Dan also adds a tremendous entrepreneurial mind to our team. His experience servicing a diverse mix of local and national clients enables us to provide an even broader scope of services to the market.”

Added Ackerman, “Dan will be a very valuable asset as we look to stay ahead of market dynamics in Phoenix. I am excited to grow this platform to take advantage of the strong demand in the market.”

Kline brings nearly 35 years of commercial real estate experience to JLL. He previously worked at a global commercial real estate firm and has been directly involved in the disposition of $5.5 billion in assets, $9.7 billion in commercial property restructuring and has completed more than 600 note sales.

 He holds a degree from University of Miami and in 2010 was elected to the Urban Land Institute’s Board of Governors.

Dennis Desmond

Postal brings more than 20 years of commercial real estate and financial experience to the team. Most recently, Postal provided site selection services including fiscal impact studies and location incentives for national projects and commercial property tax services in the Southwest.

Postal has been recognized by the Phoenix Business Journal in its “Forty Under 40,” Arizona Republic as part of its “35 Entrepreneurs 35 and Under,” AZRE’s 2015 Big Deal of the year winner, and Cystic Fibrosis Foundation’s “Man of the Year” for AZ’s Finest.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. 

In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen Negotiates Office Sale at Tampa’s Westchase Commons

Theresa Margaris

Tampa, FL --- Hold-Thyssen, Inc. recently negotiated the $410,000 sale of a stand-alone office building built in 2007 with 2,500 useable square feet and ample parking in Westchase Commons, 13043 W. Linebaugh Ave., Tampa.

Transaction specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the sale representing both the seller, Tampa-based Prospect Smarter, LLC and the buyer, Creed Law Group, which specializes in complex business litigation.   

Hold-Thyssen, Inc. provides commercial property 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. 

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

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

Hold-Thyssen Negotiates Investment Sale and Lease Transactions in New Port Richey, FL

  

Carol Kinnard

 New Port Richey, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC, a commercial real estate services firm with offices in Clearwater, recently brokered the $120,000.00 sale of a medical office building at 5434 Grand Blvd. in New Port Richey.

Kinnard, who represented the seller, David M. Allen, DPM, said Clearwater-based Ameritech Property Management, Inc. purchased the property, which consists of a free-standing 1,144 square foot building on 0.38 acre, lies within the City of New Port Richey.

“Carol Kinnard was able to list and close the sale of my building in less than three months when adjacent properties have been on the market from six months to more than two years,” said Dr. Allen. 

Kinnard also negotiated two new leases on behalf of the private investor landlord at 5423 Main St. in New Port Richey known as the Hercules Center.    Home Instead Senior Care, relocating from Massachusetts Avenue, leased 1,500 square feet.  Kelly Carter leased 800 square feet at the center to establish a nail salon business that she relocated from Colorado. 

At the Massachusetts Center, an office/retail strip center at 7208 Massachusetts Ave.  in New Port Richey,   Kinnard represented owners/landlord John H. and Christina Pimenidis/Kostas A. and Pauline Magganas, in a lease agreement with Iglesia Cristo Church for 1,000 rentable square feet.  The church moved from a nearby location due to growth and their need for additional parking.

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

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

NAI Realvest Completes Two New Lease Agreements in Kissimmee, FL with South Florida Importer and Houston based Staffing Firm

  

Megan Minter

ORLANDO, FL--- NAI Realvest recently completed two new long-term lease agreements totaling more than 4,400 rentable square feet in Kissimmee.  

Jeff Bloom, CCIM vice president at NAI Realvest and associate Megan Minter represented the landlord Sherwin Williams Company of Atlanta in the lease of 2,550 square feet at 1003 E. Vine St. off of Hwy 192.  The new tenant is Houston-based Pacesetter Personnel Services.

NAI Realvest principal Michael Heidrich represented the landlord Alliance Michigan Commerce Center III, Ltd. of Maitland, in the lease of 1,860 square feet at 2792 Michigan Ave. South of Osceola Pkwy.  Brazil USA Imports Corp. is the new tenant, represented by Kayt Michelly Rocha of Legacy Plus Realty. 

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

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

Jackmont Hospitality Inc. and Ludacris Hold Grand Opening for New Restaurant at Hartsfield-Jackson Atlanta International Airport

Daniel J. Halpern

ATLANTA, GA – Jackmont Hospitality, Inc., in partnership with notable entertainer and restaurateur Chris ‘Ludacris’ Bridges, reveals Chicken+Beer, named for Ludacris’ third album, at Concourse D of Hartsfield-Jackson Atlanta International Airport.

The grand opening event was held from 3 - 5 p.m. yesterday, Monday, Dec. 12 in Concourse D5 of Hartsfield-Jackson Atlanta International Airport. Champagne and light bites were served.

Daniel Halpern, CEO and Co-founder of Jackmont Hospitality Inc., said, "For over 20 years, the Jackmont Hospitality name has been synonymous with delicious food, warm hospitality and a steadfast commitment to excellence. Chris is the quintessential advocate for Atlanta’s rich culture and together we aim to introduce Chicken+Beer as a reflection of the city’s character.”

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

Elizabeth Moore, Partner Green Olive Media (404) 815-8327 ext 5000

emoore@greenolivemedia.com

California's Hanley Investment Group Raises Over $35,000 Mo’ Money to Help Mo’ Bros Fight Cancer, By Growing One Mustache at a Time

  

Mo’ Bros and Mo’ Sistas at Hanley Investment Group Real Estate Advisors
 in Corona Del Mar, CA
:

Front row, Left to right : Tracey Zimmerman, Jaclyn Estabrook, Debbie Fogel, Paige Alvarez;

Second row:  Corey Olson, Nick Tarantola, Eric Wohl, Ed Hanley, Willie Ito, Andrew Sprowl;

Third row: Kevin Fryman, Carlos Lopez, Jeremy McChesney, Eric Vu, Gaby Vicente, Deborah Weed, Jeff Lefko, Austin Blodget;

Back row: Lee Csenar, Pat Kent, Bill Asher, Alexander Allione, Alex Samayoa, Andrew Cunningham.

  

CORONA DEL MAR, CA, Dec. 12, 2016  – Hanley Investment Group Real Estate Advisors, a nationally-recognized boutique real estate brokerage and advisory firm specializing in the sale of retail properties, announced today that the group raised over $35,000 in its annual Movember campaign.

This marks Hanley Investment Group’s sixth year in a row joining the global movement to raise awareness and critical funds for men’s health and cancer, by growing a mustache in November. Hanley Investment Group has raised nearly $157,000 for the Movember Foundation since 2011.

Ed Hanley

The men of Hanley Investment Group started clean shaven on November 1st and for the rest of the month, these men, known as "Mo’ Bros," groomed and trimmed their mustaches to effectively become walking, talking billboards for the 30 days of November. 

Mo’ Bros, along with Mo’ Sistas at Hanley Investment Group, raised funds by seeking out sponsorships for the Mo’ Bros’ mustache-growing efforts.

Hanley Investment Group also sponsored its first annual Cocktails For A Cure fundraising event at the El Cholo restaurant in Corona del Mar. On November 9, attendees watched the Hanley team create the perfect pour while they served as the evening’s “Master Mixologist” (supervised by El Cholo bartenders, of course!). A portion of the proceeds was donated to Movember.

This year, like previous years, Hanley Investment Group’s fundraising efforts landed the firm in the top 1%, a ranking of #17 among 11,068 teams nationwide. Hanley Investment Group’s President Ed Hanley received the most donations in the company and was ranked #43 out of 74,179 Mo Bros nationwide.

Company COO Dawn Eisenberg was the second top donation producer at the firm and was ranked #11 out of 9,422 Mo Sistas nationwide. Proceeds are directed to programs that are run by Movember and their men’s health partners.  

“We are a close group that enjoys a culture of camaraderie and competition, so it was great to come to work and show off our mustache progress or, in some cases, the lack thereof due to being 'follicly challenged,'” said Hanley. “But all kidding aside, we couldn’t do this without the very generous support of our friends, family and business colleagues.”

According to the Movember Foundation, prostate cancer is the second most common cancer in men in the U.S. One in seven men will be diagnosed with prostate cancer in their lifetime.

  

“This global fundraising effort hits very close to home as my father died of prostate cancer in 2009 and I want to do what I can to prevent this from happening to other men and families," said Hanley. “Grow a ‘mo,’ save a ‘bro.’ It really does feel good to make this kind of difference in our community and help save lives.”

Dawn Eisenberg

Hanley adds, “I am truly humbled and grateful for all the loving support of everyone who works at Hanley Investment Group. I couldn’t ask for a better group of people that are committed 100 percent in all that they do!”

The Movember community has raised over $710 million and has funded more than 1,200 men’s health projects in 21 countries to date. This work is helping men live happier, healthier, and longer lives through investing in these key areas: prostate cancer, testicular cancer, mental health, and suicide prevention.

“We are grateful for another successful year,” said Hanley. "We are ever mindful of our blessings both on a professional level as well as a personal level and raising money and awareness for the Movember Foundation is just one of the many ways we at Hanley Investment Group like to give back to those in our community."

To donate to Hanley Investment Group's Movember Team, click here. 

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

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.hanleyinvestment.com.

Building Industry Association (BIA) Los Angeles/Ventura Chapter Honors KTGY Principal Manny Gonzalez, FAIA with TED Humanitarian Award

                           

Manny Gonzalez

 LOS ANGELES, CA – At an awards gala held at the Skirball Cultural Center in Los Angeles on the evening of December 6, 2016, the Building Industry Association (BIA) Los Angeles/Ventura Chapter presented Manny Gonzalez, FAIA, LEED AP, managing principal of the Los Angeles office of KTGY Architecture + Planning, with its TED Humanitarian Award.

This award is bestowed upon a BIA member, public official or an exceptional industry leader who invests their time, energy and resources to help others obtain basic life necessities, food, and/or shelter and for their contributions to the industry.

Tom DiPrima

“I am honored and humbled to accept this award,” said Gonzalez. “I am grateful to the BIA and for Tom DiPrima of The Chadmar Group for nominating me. Los Angeles tops the nation in the number of chronically homeless people and nearly all of them sleep on the streets. 

"I know that it the BIA’s hope that we can shine a brighter light on this issue and together we can make a difference.”

Earlier this year, Gonzalez was elected to The College of Fellows of the American Institute of Architects for his work in senior housing. 

Election to Fellowship recognizes not only his achievements as an individual architect but also his significant contributions to architecture and society on a national level.Gonzalez also received the NAHB 55+ Housing Council’s inaugural Associate of the Year Award, which recognizes an active NAHB 55+ Housing Council member who supports the building industry with exceptional service and/or a quality product; and has achieved success through innovation, financial success and integrity.

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

 Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

Call 888.456.KTGY or visit ktgy.com

Faris Lee Investments Completes $5.2 Million Sale of a Multi-Tenant Retail Property in Lathrop, CA

  

Lathrop Crossing Retail Center, Lathrop, CA

IRVINE, CA, Dec. 12, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $5.2 million sale of Lathrop Crossing, a 16,303-square-foot multi-tenant retail property in Lathrop, Calif., a Central California city located south of Stockton.

Jeff Conover, senior managing director with Faris Lee Investments, represented the seller, San Francisco-based Lathrop Crossing, LLC. The buyer, Los Gatos, Calif.-based Vattadi Lathrop Crossing, LLC, was represented by Prince Realty. The property sold at a price per square foot of $319 and a cap rate of 6.25 percent.

Jeff Conover

Built in 2008 and situated on 2.48 acres, the property is located at 15320-15346 S. Harlan Road with high-profile exposure and unobstructed visibility to Interstate 5. It is fully occupied by six tenants including Little Caesars Pizza, Dickey’s BBQ, Subway, and In-Shape Fitness occupying 47 percent of the total square footage.

“This property stands to increase in future value as its location is within a region that is poised for a significant amount of job growth over the next several years,” said Conover. “Investors are seeking retail assets like this one that not only have strong tenancy with longer-term leases, but are also situated in areas that show paths of progress.”

Lathrop Crossing benefits from its proximity to major corporate offices and distribution centers including Tesla, Amazon, In-N-Out, John Deere, and Ghirardelli Chocolate.

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

Darcie Giacchetto

949.278.6224

Spaulding Thompson Associates

www.farislee.com

Union Dallas Lays Groundwork for Estimated 800,000-SF Mixed-Use Project in Dallas, TX

 

Construction crews lay groundwork for planned 800,000-SF mixed-use project in Dallas, TX

DALLAS, TX, Dec. 12, 2016 -- The Union Dallas recently laid the groundwork for vertical construction to begin by pouring the concrete foundation. Moving to the vertical construction phase means dramatically increasing the workforce at the site.

Planned Tom Thumb Grocery Site Photo in Dallas, Tx
not yet available

The construction crew will be increasing from 50 to nearly 200 before the end of December. The groundbreaking ceremony for this iconic mixed-use site was eight months ago in April.

“We are glad to be in the vertical construction phase of this project,” said Brian Krouse, VP of Construction, RED Development. “We’ve increased our construction crew four times over so things are really active at the site. It’s nice to be able to provide jobs for our community, too.”

RED Development’s plans for The Union Dallas, an exciting new office, residential and retail project totaling approximately 800,000 square-feet at Field Street and Cedar Springs Road demands top experience and expertise. 

Scheduled to be completed in 2018, The Union Dallas combines a 417,000 square-foot, 22-story, Class-AA office tower; a 309-unit high-rise apartment building on 23 floors; 87,000 square-feet of retail and restaurants; a signature outdoor plaza and 10 levels of parking.

Two premier professional services firms have announced their moving moving plans to The Union Dallas office tower. One of the nation’s largest law firms, Vinson & Elkins, will occupy approximately 82,000 square-feet on three floors of the signature office building.

Weaver, the largest independent accounting firm in the Southwest, will relocate to approximately 58,000 square feet and two floors in the office tower.

Strategic project partner, StreetLights Residential, is leading the design and development for the 23-floor residential tower offering 309 luxury apartment homes and distinctive amenities. Designed by Dallas-based architect, HKS, Inc., and with DPR as the general contractor, the project will also feature a 60,000 square-foot Tom Thumb grocery store on the ground floor to provide convenient on-site grocery shopping.

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

McClain Stone

Culver Public Relations

3102 Maple Ave., Suite 235

Dallas, TX  75201

214.352.5980 office

214.980-3034 cell

Ricoh USA Inc. Signs 90,350-Square-Foot Lease Renewal in Duluth, GA

 

Matt Davis

 ATLANTA, GA (Dec. 12, 2016) – Ricoh USA Inc. has signed a lease renewal for 90,350 square feet at Sugarloaf I located at 6700 Sugarloaf Parkway in Duluth, Georgia.

Matt Davis of Lincoln Property Company Southeast (Lincoln) represented the landlord, TPA Group, in the transaction, and Anthony Rye and Emery Cresswell with Newmark Grubb Knight Frank represented the tenant.

“A mix of amenities and easy access from major roadways contributes to the Sugarloaf office market’s ability to attract and keep quality companies like Ricoh,” Davis said. “Class A properties in the Sugarloaf submarket are in demand and we expect to see the momentum continue into 2017.”

Sugarloaf I is located within the Business Park at Sugarloaf, a master-planned office park featuring nearly 500,000 square feet of Class A office space in Gwinnett County. 

The office park offers access from Sugarloaf Parkway and immediate proximity to Interstate 85, Gwinnett Civic Center, multiple hotels, restaurants, Sugarloaf Mills and Sugarloaf Country Club.

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

Savannah Durban • The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0870  • M: 404-901-4433

@SavannahDurban

www.thewilbertgroup.com

Facebook | Instagram | Twitter

 www.lpcsoutheast.com

www.lpcsoutheast.com/blog.

$4.95 million sale of multi-housing development site in Charlotte, NC closed by HFF team

Rendering of planned development site in South End Market, Charlotte, NC

 

Justin Good

CHARLOTTE, NC, Dec. 12, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that its Carolinas investment sales team has closed the $4.95 million sale of a development site totaling 1.56 acres in Charlotte’s South End submarket.

HFF managing director Justin Good and director Allan Lynch, formerly of Cushman & Wakefield | Thalhimer, worked alongside managing director Bill Simerville and senior vice president Brian Craver of Foundry Commercial to market the offering on behalf of two separate clients.

 A 0.91-acre parcel was marketed on behalf of Pepsi Bottling Ventures and a 0.65-acre parcel was marketed on the McRee family’s behalf.  Bainbridge Companies (Bainbridge) purchased the adjacent sites free and clear of existing debt.

 Prior to the sale, Bainbridge successfully rezoned both sites to TOD-RO (Transit-Oriented Development – Residential Optional) due to the proximity to the New Bern light rail station. 

The sites are situated between the 2600 and 2700 block of South Boulevard at the intersection of Poindexter Drive in Charlotte’s high-growth South End area.  The parcels are located across Poindexter Drive from a 5.21-acre mixed-use development site the team brokered to Lennar Multifamily Communities earlier this fall.

Allan Lynch

 A five-story, podium-style multi-housing property with 200 rental units above a two-story parking garage is planned for the combined 1.56-acre parcel.  

The property fronts the Charlotte Rail Trail and will feature a courtyard at the corner of South and Poindexter as well as a decorative accent at the entrance from the Rail Trail’s 4.5 miles of public trails that wind through the heart of the city connecting neighborhoods such as Sedgefield, Southside Park, Brookhill, Dilworth and Wilmore to Uptown.

“Bainbridge was attracted to the South End’s robust residential fundamentals as the area continues to thrive and diversify into a multi-faceted urban node,” stated Good.

 “The community is designed to intertwine the public linkages with common area gathering spaces to emphasize the site’s key position along the light-rail line and the Rail Trail.”

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.foundrycommercial.com

Berger Commercial Realty Brokers Bring 150,000-Square-Foot Industrial Park to 100 Percent Occupancy in Davie, FL

  

Keith Graves

FORT LAUDERDALE, FL - Berger Commercial Realty Senior Vice President Keith Graves and Broker Associate Greg Milopoulos recently represented Prologis-North Carolina Limited Partnership in leasing 45,258 square-feet of industrial space at Prologis I-595 to BF Aerospace, represented by Matthew McAllister of Cushman & Wakefield.

With the transaction, the brokers have brought the 150,452-square-foot industrial park to full occupancy.

"Reaching 100 percent occupancy epitomizes the demand for versatile industrial space in central Broward County," Milopoulos said.

With offices on more than four continents around the globe, BF Aerospace is an international provider of aircraft spares and specializes in sourcing, procuring, selling, exchanging and leasing rotables and expendables.

Located at 7050 and 7060 W. State Road 84 in Davie, Prologis I-595 consists of two buildings and features 22-foot ceilings, dock and ramp access, proximity to Port Everglades and Fort Lauderdale International Airport, and immediate access to I-595, I-95 and Florida's Turnpike.

For more information about Berger Commercial Realty's leasing services, call 954-358-0900. 

Berger Commercial Realty is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of TCN Worldwide, a network of independent commercial real estate

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

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Jane Grant, ext. 224, jgrant@piersongrant.com 

Private Real Estate Lender Renovo Financial Funds Its 1,000th Loan

  

Kevin Werner

CHICAGO, IL — Chicago-based Renovo Financial, a private lender to residential real investors, announced it has funded its 1,000th loan since the firm’s inception five years ago. Founded in 2011, in partnership with Chicago-based private equity firm Granite Creek Partners, Renovo Financial has loaned more than $200 million to residential real estate investors on revitalization projects valued in excess of $350 million. 

“This is an important milestone for our firm, and testament to our belief that there is an under-served market of investors in the single-family and small multifamily space,” said Kevin Werner, CEO at Renovo Financial.

 “Our goal has always been to establish long-term relationships that support our clients’ businesses and enhance the communities our investors serve.

" Beyond reaching this 1,000th-loan marker, we are also very proud that our current repeat-client rate has surpassed 60 percent, and that we’ve funded projects in over 100 munic

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.renovofinancial.com.