Providence One Partners, LLC and Watercrest Senior Living Group to Celebrate the Groundbreaking of Sage Park Assisted Living and Memory Care in Kissimmee, FL Osceola Corporate Center

Rendering of Sage Park Assisted Living and Memory Care Facility,
Osceola Corporate Center, Kissimmee, FL

  

KISSIMMEE, FL, –   Providence One Partners and Watercrest Senior Living Group will gather with city officials, development, construction, and design partners July 11th to celebrate the groundbreaking of Sage Park Assisted Living and Memory Care. The 128-unit assisted living and memory care community located in Kissimmee’s Osceola Corporate Center will open in Fall 2018.

Michelle Pierce

                                                                                                  (Photo by Jim Marchidi)

"Providence One Partners is excited about our partnership with Watercrest Senior Living and the opportunity to build a cutting edge Assisted Living Community with Memory Care in the Osceola Corporate Center,” said Michelle Pierce, Chief Operating Officer at Providence One Partners. 

Marc Vorkapitch

“Sage Park will be an assisted living rental community with floorplans, amenities and activities specifically designed for seniors seeking a superior living experience unmatched in the area to date. We hope Sage Park will reflect the excitement and smart growth happening in Osceola County around us.”

Upon completion, Sage Park will include 106,882 square feet of living space made up of 104 assisted living residences, 24 memory care residences and a large amenity space with multiple venues for eating, entertainment and activities.

 Activity rooms will be centrally and conveniently located and feature a business center, café/grill, fitness facility with senior friendly equipment, full-service restaurant with dancing floor, music, and bar areas, card room, full service spa and salon, theatre with full gaming area, central living rooms, craft room, 24 hour secured access and lavishly landscaped outdoor courtyards with screened in porches. 

The community architect is Forum Architecture who designed the building to bring resort-style living to the Assisted Living market.

  

”Sage Park will be a state-of-the-art community providing unparalleled service, and personalized enrichment programming to enhance life experiences for our residents, families and caregivers,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.  “We provide our staff with innovative training to provide world-class care for seniors.”

Joan Williams

Providence One Partners, the project’s developer has partnered with Watercrest Senior Living Group as a co-owner and operator of the community. Sage Park is the fourth senior living project for Providence One. The company developed similar communities in Wildwood, FL and has projects under construction in Stuart and Delray Beach. For more information, visit www.providence-one.com.

Watercrest Senior Living Group specializes in the development and operations management of assisted living and memory care communities.  With multiple senior living projects across the southeast, Watercrest Senior Living Group principals, Marc Vorkapich, CEO and Joan Williams, CFO, are setting new standards of quality for seniors and their families in the development of upscale senior living communities.

 For more information, visit www.watercrestgroup.com.

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

 Michelle Pierce

Providence One Partners

407-333-0900

mpierce@providence-one.com

Westwood Financial Expands Leadership Team for Future Growth

Stuart Brackenrdige

LOS ANGELES, CA (July 10, 2017) – Westwood Financial, a real estate investment firm with a portfolio totaling over $1.5 billion in shopping centers throughout the U.S., has announced the expansion of its executive leadership team with the addition of Stuart Brackenridge, Senior Vice President of Acquisitions.

This appointment comes on the heels of Westwood Financial’s recent restructuring of 77 of its 120 retail center holdings and its management company into a single, $1.5 billion retail real estate company that will drive greater ease of investments, streamline operating efficiencies, and position the firm for rapid growth in 2017, according to Co-CEO Joe Dykstra.

“Our recent consolidation of over 280 partnerships into a single $1.5 billion entity provides us with a well-capitalized structure that will enable us to compete in this evolving retail landscape,” explains Dykstra. “As we continue on this trajectory of growth, we are also growing our leadership team to direct the expansion of our retail portfolio and spearhead strategic acquisitions in top metropolitan markets throughout the nation.”

Joe Dykstra

“Stuart brings over 25 years of real estate investment expertise, specifically in grocery-anchored shopping centers, and will be instrumental in guiding the future success of our acquisition efforts,” adds Co-CEO Randy Banchik. 

“His depth of experience will play a significant role in furthering Westwood’s objective to acquire grocery-anchored and daily needs retail centers with diverse, high-quality tenant mixes in desirable locations.”

Prior to Westwood, Brackenridge served roles in both Acquisitions and Development at Regency Centers for 20 years, where he was responsible for sourcing, underwriting and closing core grocery-anchored retail centers across the country. He graduated from the University of North Texas with a degree in Management and holds an MBA in Real Estate from Texas A&M University.

            Brackenridge will divide his time between Westwood’s Dallas and Los Angeles offices, but will be based in Dallas, Texas.

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

Lauren Burgos / Lexi Astfalk

Brower, Miller & Cole

(949) 955-7940

LBurgos@browermillercole.com

HFF hires Tom Hall as a managing director in its New York office

       

Tom Hall

NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced Tom Hall has joined its New York office as a managing director focused on loan and REO portfolio sales throughout the United States.  Mr. Hall will work alongside Brock Cannon, Sean Ryan and Patrick Arnold in HFF’s loan sales group.

Mr. Hall has more than 10 years of experience and joins HFF from Mission Capital, where he was a managing director.  Prior to Mission Capital, he spent time in the Special Assets department of BB&T and Colonial Bank.

“Tom has a wealth of experience and we are excited to welcome him to our team as we look to continue to be a market leader in the loan and REO sale space,” said Gerard Sansosti, executive managing director and co-head of HFF’s debt platform and loan sales team.  “By partnering with our existing specialists, Tom’s expertise in the business will strengthen our platform and expand our breadth of capabilities even more.”

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

Kristen M. Murphy

Director, Public Relations

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 secures $12.6 million acquisition and repositioning financing for beachside hotel in Pensacola Beach, FL

Days Inn Hotel, 16 Via De Luna Drive, Pensacola Beach, FL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $12.6 million in non-recourse financing for the acquisition and repositioning of the Days Inn Hotel, a 123-room beachside hotel located in Pensacola Beach, Florida.

Nicole Schmidt

HFF worked on behalf of the borrower, a joint venture between RREAF Holdings and Innisfree Hotels, to place the floating-rate loan with two one-year extension options with Benefit Street Partners Realty Trust.  Innisfree Hotels will be a partner in the hotel and will manage the property.

After renovations are complete, the three-story Days Inn hotel will have two outdoor, resort-style pools; a Tiki bar; upgraded landscaping; an additional seven guest rooms; fitness center; business center; beach access and sundeck. 

Jeff Bucaro

Situated on white sand beaches overlooking the Gulf of Mexico, the hotel is located at 16 Via De Luna Drive on Pensacola Beach’s Santa Rosa Island. 

The hotel is within walking distance to numerous popular restaurants and is proximate to major tourist attractions, including deep-sea charters, recreational water sports, Naval Air Station Pensacola and the Zoo at Gulf Breeze.

The HFF debt placement team representing the borrowers was led by director Jeff Bucaro and associate Nicole Schmidt.  This represents the 10th financing transaction completed by Bucaro for the two borrowers.

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

Kristen M. Murphy

Director, Public Relations

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

http://innisfreehotels.com

http://rreaf.com.

HFF closes $31.2 million sale of Sheraton Orlando North Hotel

Sheraton Orlando North Hotel, 600 North Lake Destiny Road, Maitland, FL

Michael Weinberg

ORLANDO, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $31.2 million sale of the Sheraton Orlando North Hotel, a 389-room, full-service hotel in the Orlando-area community of Maitland, Florida.

HFF marketed the property on behalf of the seller, a partnership between Värde Partners, Interstate Hotels Corporation and Waramaug Hospitality Asset Management.

 Cambridge Landmark purchased the asset free and clear of debt and unencumbered of management.  HFF was involved in a previous financing of this property in 2015 as part of a $110 million portfolio financing on seven full-service hotel assets in five states.

Located at 600 North Lake Destiny Road, the Sheraton Orlando North Hotel is at the intersection of Interstate 4 and Maitland Boulevard 3.1 miles from Winter Park and 8.3 miles from downtown Orlando.

The hotel is in the Maitland submarket proximate to 7.4 million square feet of office space and situated in the 226-acre Maitland Center Office Park, which is home to more than 400 businesses, including Worldwide Brands, Fidelity, FedEx and Charles Schwab. 

Preston Reid

The hotel features more than 15,000 square feet of meeting space; an outdoor pool with hot tub and resort-style water feature; fitness center; business center; on-site car rental services; Sheraton Club Lounge and several food and beverage outlets, An Tobar Irish pub-style restaurant Grande Café in the atrium lobby, Celestial Lounge and Link @ Sheraton Café. 

The new owners will invest $4 million to upgrade the rooms and common areas of the property.

The HFF investment sales team representing the seller was led by senior managing director Michael Weinberg and associate director Preston Reid.

“Orlando’s low supply growth over the past seven or eight years combined with unparalleled demand for room nights, including the 68 million visitors in 2016, have led to strong financial performance for most assets in our market,” Weinberg said.  “Like in this transaction, a number of the groups we have sold assets to or raised equity capital from over the past few years in Central Florida have been from oversees sources.  I see this trend continuing to grow due to the global awareness and connectivity of Orlando.”

HFF’s Hotel Team continues to be extremely active throughout the state of Florida, having closed 52 hotel-related transactions in the last 24 months, including Naples Grande Beach Resort, Sheraton Sand Key Resort, Sheraton Tampa Riverwalk Hotel, Hilton Key Largo and, locally in Central Florida, Embassy Suites Downtown Orlando, Hampton Inn Daytona Beach/Beachfront, Courtyard Lake Buena Vista and Holiday Inn Orlando SW – Celebration Area.

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

Kristen M. Murphy

Director, Public Relations

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.interstatehotels.com.

 www.linkedin.com/company/interstate-hotels-resorts,

 www.facebook.com/InterstateHotels

 www.interstatehotels.com/careers

 www.waramaughospitality.com

https://varde.com.

JLL brokers sale of Las Vegas luxury apartment community

  

Volare Apartment Homes, Las Vegas, NV

John Cunningham

LAS VEGAS, NV – JLL’s Capital Markets experts announced the company completed the sale of Volaré Apartment Homes, a garden-style 360-unit Class A apartment community in Las Vegas. JLL represented the seller, a joint venture between Fore Property Company, The Strand Corporation and DG Development Corporation. Green Leaf Capital Partners purchased the property.

Executive Vice Presidents John Cunningham and Charles Steele led the JLL team on the sale.

“Investors were drawn by the premier amenities Volaré offers as well as its accessibility to major employment centers,” said Cunningham. “Las Vegas continues to see a resurgence in the multifamily market, especially for high-end assets.”

Located just off Interstate 15, Volaré is six miles from the Las Vegas Strip. The area is home to a young, educated workforce with an average household income more than 15 percent higher than Metro Las Vegas’s. It’s also next to Southern Highlands, a 2,750-acre master-planned community.

Volaré includes studio, one-, two- and three-bedroom units. In-unit amenities include wood-plank flooring, fireplaces, storage units, stainless steel appliances, granite countertops and full-size washers and dryers. Community amenities include a restaurant-grade kitchen, two swimming pools, an outdoor lounge patio with a TV and a fireplace, and an outdoor kitchen.

Charles Steele

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 2016 alone, JLL Capital Markets completed $136 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

JLL to Lease New Phoenix Industrial Project: Skyway Commons

Jeanine Jerkovic

PHOENIX, AZ – The Phoenix office of JLL has earned the leasing assignment for Phase I of Skyway Commons, a fully speculative new Class A industrial project that has broken ground in the northwest Phoenix submarket.

Totaling 110,221 square feet, Skyway Commons Phase I is designed to meet burgeoning demand from small to mid-sized general industrial users with divisibility down to 4,689 square feet and as much as 59,258 square feet of contiguous space.

JLL Vice President Riley Gilbert, Managing Director Anthony Lydon and Associate John Lydon serve as the project’s exclusive leasing brokers on behalf of the building owner, Thousand Oaks, California-based property owner Silagi Development and Management.

“Smaller to mid-sized industrial tenants in the northwest Valley have been significantly underserved for years,” said Gilbert. “Skyway Commons adds meaningful inventory options in a location that this type of user wants to be, and with grade-level and dock-level loading amenities that, until now, have not been available for them in Surprise.”

Riley Gilbert

According to JLL, while the northwest Phoenix submarket is the fourth smallest in the Valley, with only 10 million square feet of inventory, there are more than 1.4 million people within a 30-minute drive of the property.

“We’re delighted to welcome another Silagi Development and Management project to Surprise, and our team is looking forward to working with JLL to bring new businesses and jobs to the community,” said City of Surprise Economic Development Director Jeanine Jerkovic.

Skyway Commons is located on the northwest corner of Dysart Road and Rio Glass Solar Road in Surprise, Arizona.

Totaling 110,221 square feet, Phase I features grade- and dock-level loading, 24’ clear height, ESFR fire sprinklers, energy-efficient LED lighting and R-30 roof insulation. 

The project falls under a Planned Unit Development (PUD) zoning, which provides for greater flexibility for a wide range of tenants with commercial business park or industrial-related uses. Additional phases of Skyway Commons will have the capacity to accommodate users up to 140,000 square feet.

Phase I of Skyway Commons is scheduled to complete in January 2018. The general contractor is LGE.

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

 

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

                                                    

Trion Properties Expands Portland Portfolio

Max Sharkansky

BEAVERTON, OR – Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, has acquired Bel Aire Court, a 67-unit apartment community in the Portland submarket of Beaverton, Oregon, bringing its multifamily portfolio in the area to a total of 282 units.

This is Trion’s fifth multifamily acquisition in the greater Portland region in just over two years, making the firm one of the most active buyers in this market, according to Max Sharkansky, Managing Partner of Trion Properties.

            “The Portland metropolitan area is one of the strongest and fastest-growing multifamily markets in the nation right now,” says Sharkansky. “The region’s rapid job growth, solid economic fundamentals, and high quality of life are driving resident demand for housing in this market, resulting in long-term growth potential for multifamily investments.”  

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

 

Elisabeth Manville / Katie Kea

Brower, Miller & Cole

(949) 955-7940

emanville@browermillercole.com

                                                    

Marcus & Millichap Brokers $7.2 Million Sale of Surgery Center in Riverview, FL

Krone Weidler

RIVERVIEW, 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 Bay Area Physicians Surgery Center, an 18,708 square foot medical office property located in Riverview, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $7,200,000.

Kimberly Cameron

“The healthcare industry has experienced significant growth over the past several years and the seller captured the opportunity to take advantage of the surgery center’s healthy performance,” says Krone Weidler, first vice president investments in Marcus & Millichap’s Tampa office. “The buyer took advantage of an opportunity to acquire an excellent, well positioned asset to add to their portfolio.”

L.J. Tsunis

Weidler, and L.J. Tsunis, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a REIT, was secured and represented by Kimberly Cameron, senior associate in Marcus & Millichap’s Nashville office. 

Bay Area Physicians Surgery Center is located at 6043 Winthrop Commerce Avenue in Riverview, Florida. The building is occupied by Bay Area Physicians Surgery Center and Florida Urology Partners.

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

                                                         

Contact: Ari Ravi

Regional Manager, Tampa

(813) 387-4700

                                               

Marcus & Millichap Arranges Sale of 70,962-SF Self-Storage Facility in Winston Salem, NC

Michael A. Mele

WINSTON SALEM, NC – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Winston-Salem Self-Storage Opportunity, a 70,962-rentable square foot self-storage facility located in Winston Salem, North Carolina, according to Ari Ravi, regional manager of the firm’s Tampa office.

Luke Elliott and Michael A. Mele, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller.  The buyer, a first-time storage owner, was also secured and represented by Mele and Elliott.  Raj Ravi, broker of record in Marcus & Millichap’s North Carolina office assisted in closing this transaction.

Located at 401 Jonestown Road in Winston Salem, the opportunity was newly-constructed in 2014 and opened in 2015. Across two floors, the facility offers 558 climate-controlled units on 1.22 acres for a total of 70,962 net rentable square feet.

The facility has an excellent multitude of amenities, from elevator access to a coffee bar, laptop station, conference room, multiple loading points and a model unit, with brand new heating, air conditioning and exterior painting. Situated in the Centre Stage at Jonestown shopping center, the facility has great signage and highway visibility with ease of access to U.S. Highway 421, Interstate 40 and U.S. Highway 158.

“This self-storage facility was a conversion of an existing retail building. I predict that we will be seeing a lot more of these projects in the future. There was considerable upside in this project with the facility still leasing up,” says Mele, senior managing director investments.

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

Raj Ravi

Regional Manager, North Carolina

(704) 831-4650

NAI Realvest Negotiates New Retail Leases at Westmonte Place in Altamonte Springs, FL

Kimberly Manson

ORLANDO, FL  – NAI Realvest’s Senior Vice President Jeffrey Tanner and Director of Retail / Investment Sales Kim Manson recently negotiated two lease agreements for retail space totaling 2,892 rentable square feet on behalf of Landlord Westmonte Plaza, Inc. in Altamonte Springs.

Kinetic Fitness 110 LLC leased Suite 1124 with 1,600 square feet at 195 S. Westmonte Drive.  The new tenant was represented by Brigette Johnson of FBX Commercial. 

Manson and Tanner also brokered a new lease agreement with AP Design and Casting for Suite 1102 with 1,292 rentable square feet in Westmonte Place.  

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 Negotiates over 22,200 Square Feet of Industrial Leases in May-June at South Park Business Center in Orlando, FL

Tom R. Kelley II

ORLANDO, FL– NAI Realvest negotiated four new industrial leases in June totaling 9,910 square feet at Orlando’s South Park Business Center, 8600 Commodity Circle and in May leased 12,293 square feet comprising five new leases, totaling over 20,200 square feet in a two-month period.

Tom R. Kelley, II, CCIM, a principal NAI Realvest negotiated all the transactions on behalf of the landlord South Park, LLC.     

The four new June tenants who signed on at South Park Business Center are Newo Enterprises with 4,010 square feet; The Aventus Group, 2,240 square feet and Tiregraphics, Inc. and Cloud of Goods, each leasing 1,830 square feet. 

The five new tenants who leased in May, at South Park Business Center are Special Care Medical of South Carolina, Inc. who leased 3,531 square feet; Lexington Pool & Maintenance, 3,015 square feet; New Sense Productions, Inc., 2,087; Full Circle Productions and American Constructors who each leased 1,830 square feet.   Kelley represented Miami-based Landlord South Park, LLC.

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

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

  

WoodSpring Hotels Promotes Dawn McGowan to Vice President of Channel Sales and Market Sales

Dawn McGowan

WICHITA, KS,  July 6, 2017—WoodSpring Hotels, the nation’s fastest-growing value extended-stay hotel company, today announced that it has promoted Dawn McGowan to vice president of channel sales and market sales. 

In her new role, McGowan will be responsible for planning, developing and growing business-to-business, third-party customer partnerships and leading the brand’s regional directors of field sales to increase profitable hotel revenue. 

Gary DeLapp

“During her short tenure with us, Dawn already has made significant contributions to our overall sales organization, particularly within our business-to-business, third-party channels, by driving significant revenue and improving sales and business retention,” said Gary DeLapp, WoodSpring President and CEO.

 “She works wonderfully with customers and delivers timely service.  Furthermore, she has constantly and consistently expanded her own scope of work, recently adding training, CRM reporting/analysis and operational sales process development.  We are confident she will bring the same enthusiasm and work ethic to her new role.”

Prior to her promotion, McGowan was director of channel sales with WoodSpring Hotels. Previously, she was regional director of global/national accounts for La Quinta Inn & Suites.

 McGowan also successfully led the start-up and development of JADE Event Management, Inc., whose clients included numerous Fortune 500 leaders.  She led sales efforts for such prestigious hotels and resorts as the Greenleaf Golf & Tennis Resort and the Hilton Tampa Airport, both in Tampa Bay, Fla., and the Bayfront Hilton in St. Petersburg, Fla.

 McGowan is a Certified Travel Executive (CTE) and former chairperson of the Sales and Marketing Tampa Bay Chapter.  She also served a decade as a board member of the MPI Tampa Bay Chapter.

Wendy Hoekwater

“Dawn’s fervor for her job is infectious and has had a positive impact on the entire sales organization,” noted Wendy Hoekwater, WoodSpring Chief Marketing Officer.  “Her desire to take on increasingly sophisticated new roles makes her both an ideal associate and team leader, one who demonstrates by example.

“This promotion recognizes the hard work and dedication Dawn has displayed as the WoodSpring Hotels brand continues its aggressive growth plans.”

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

Erin Black, Director, Brand and Corporate Communications

eblack@woodspring.com

www.woodspringfranchise.com.

Or

Chris Daly

President

Daly Gray Public Relations Inc.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com

www.dalygray.com

Griffin-American Healthcare REIT IV Acquires Initial Tranche of Eight-Facility Northern California Senior Housing Portfolio

 

Stefan Oh

SAN FRANCISCO, CA – American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced the REIT has completed the acquisition of the first of two tranches of the total 327-unit, eight-facility Northern California Senior Housing Portfolio, with properties acquired in the first tranche located in the Northern California communities of Belmont, Fairfield, Menlo Park and Sacramento.

The second tranche, comprised of senior housing facilities in Napa and Sonoma, California, is expected to close later this year, but is subject to customary closing conditions and the satisfaction of other requirements as detailed in the respective acquisition agreements, and therefore, no assurances can be given that the second tranche will close within this timeframe or at all.

"The addition of the initial tranche of Northern California Senior Housing Portfolio further diversifies the growing Griffin-American Healthcare REIT IV portfolio both geographically and from an asset mix perspective,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV.

 “It also strengthens our relationship with Colonial Oaks, which also leases a senior housing portfolio in Lafayette, Louisiana owned by the REIT.”

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

Damon Elder

Spotlight Marketing Communications

(949) 427-5172 ext. 702

 damon@spotlightmarcom.com

HFF closes $8.7 million sale of 78,319-square-foot warehouse facility in the Charlotte, NC MSA

 

Caldwell Building, Huntersville, NC

 

Chris Norvell

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $8.7 million sale of the Caldwell Building, a 78,319-square-foot, light manufacturing and distribution facility in the Charlotte-area community of Huntersville, North Carolina.

HFF marketed the property on behalf of the seller, Bank of America, N.A., as Trustee, and One Liberty Properties, Inc. purchased the asset as of May 25, 2017.

The institutional-quality building is leased to Forbo Siegling through May of 2025 and is situated on 18.58 acres fronting Herbert Wayne Court located within The Park – Huntersville. 

The Park – Huntersville lies within Charlotte’s North industrial submarket and has easy access to a network of major thoroughfares, including Interstate Highways 77, 485, 85 and 40, which provide connectivity to the entire Southeast U.S.

The HFF investment sales team representing the seller was led by senior managing directors Chris Norvell and Ryan Clutter and associate director Patrick Nally.

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

Kristen M. Murphy

Director, Public Relations

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

http://1liberty.com.