HFF announces sale of Cherry Creek Place I and II in Aurora, CO

Cherry Creek Place 1 and 11 Office Complex, Aurora, CO

Mark Katz

 DENVER, CO –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Cherry Creek Place I and II, a two-building, 400,000-square-foot office building in the Denver-area community of Aurora, Colorado.

The HFF team represented the seller, Northstar Commercial Partners, in the transaction.   

Cherry Creek Place I and II is located at 3131 and 3190 South Vaughn Way at the interchange of Interstate 225 and Parker Road in the Aurora submarket. 

 This location has exposure to more than 243,000 vehicles per day and has unparalleled access to the Denver Tech Center, the residential areas of southeast suburban Denver, Denver International Airport and the affluent Cherry Creek area. 

Jules Sherwood

The two six-story, Energy Star-rated buildings have average floorplates of approximately 33,000 square feet and offer tenants a host of amenities such as full-service fitness facilities with locker rooms and showers, full service cafes and a conference facility with video equipment. 

Cherry Creek Place I and II is 94.7 percent leased overall to tenants, including Verizon Wireless, ADT, Regus and the State of Colorado. 

The HFF investment advisory team representing the seller consisted of senior managing director Mark Katz, managing director Jules Sherwood and senior director Peter Merrion.

“Northstar carried out high-quality building renovations at Cherry Creek Place I and II and the property featured great tenancy, including ADT and Verizon,” said Merrion.  “The quality of the property and tenancy, combined with the strong market fundamentals and the proximity to the R-Line helped generate significant investor interest in Cherry Creek Place I and II.”

Peter Merrion

Founded in 2000, Northstar Commercial Partners is a privately-held commercial real estate investment company headquartered in Denver, Colorado. 

 For more information, please visit: www.northstarcommercialpartners.com.

For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

HFF announces the $12.98 million sale of Kroger-anchored shopping center in Memphis, TN

Summer Center Shopping Center, Memphis, TN

                                                                                                    

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $12.98 million sale of Summer Center, a 136,425-square-foot community shopping center anchored by Kroger and Ross Dress for Less in Memphis, Tennessee.

Jim Hamilton

The HFF team marketed the property on behalf of the seller, BDB Summer Center LLC, a private Atlanta real estate firm.  Additionally, HFF closed the sale of this property to the seller in 2013.

In addition to a high-performing Kroger and Dress for Less, the 90-percent-leased Summer Center is also home to Kroger Fuel Center, Hibbett Sports, H&R Block, Supercuts, Little Caesars, Rainbow, Mad Rag, Advance America, America’s Best Contacts & Eyeglasses and more. 

Additionally, Summer Center is shadow anchored by Big Lots and T.J.Maxx.  The center is located on 12.7 acres at 4270 Summer Avenue near the intersection of Waring Road and inside the 240 Loop. 

Brad Buchanan

 Most of the shop tenants face Summer Avenue, which has a daily traffic count of more than 28,000 vehicles.  More than 77,348 residents earning an average annual household income of $69,634 live within a three-mile radius of Summer Center.

The HFF investment advisory team representing the seller included senior managing director Jim Hamilton, directors Brad Buchanan and Michael Allison and real estate analyst Ryan Stoffer.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

Rivergate KW Residential-Managed CIRC Residences at Hollywood Circle in Hollywood, FL Officially Opens to Residents

CIRC Residences at Hollywood Circle, Hollywood, FL

Hollywood, FL — RIVERGATE KW RESIDENTIAL, a leading multifamily property management company, has announced the official opening of luxury apartment community CIRC Residences at Hollywood Circle.

 Residents have started moving into the 386-unit CIRC Residences, which is part of Gold Coast Florida Regional Center’s Hollywood Circle mixed-use project in downtown Hollywood. The much-anticipated project opened with more than 100 leases.

Marcie Williams

The master project known as Hollywood Circle also includes a Publix Supermarket, 111-room CIRC Hotel and Olivia Restaurant & Bar operated by restaurateur Piero Filpi. RKW handles management and leasing for the apartments at CIRC Residences.

“We are incredibly excited to have residents move in and begin taking advantage of the one-of-a-kind amenities and lifestyle this development offers.  The elevated pool deck alone is more than one acre and offers spectacular ocean views,” said Marcie Williams, president of RIVERGATE KW RESIDENTIAL.

Piero Filpi

 “It is a pleasure to work with a pioneering developer like Gold Coast. CIRC Residences is undoubtedly a signature asset for our South Florida portfolio.”

CIRC Residences include one-, two-, and three-bedroom options with chef-inspired kitchens featuring stainless steel appliances.

Floor plans range from 786 to 1,675 square feet to accommodate the different needs of various residents.

Chip Abele

Amenities include a recreational deck with panoramic views of Hollywood Beach, a swimming pool for residents, club room and state-of-the-art fitness center with a yoga studio, wellness lounge and sauna.

“This is a major milestone for our team and for the City of Hollywood, which has been waiting for a development of this magnitude to activate Young Circle for many years,” said Chip Abele, CEO of Gold Coast Florida Regional Center.

 “We are grateful to RIVERGATE KW RESIDENTIAL for the company’s continued partnership and top-notch management of CIRC Residences.”

 To learn more about Gold Coast Florida, call 1-877-GCFL-EB5 (1-877-423-5325) or visit http://www.gcfrc.com/.

 For more information about Hollywood Circle, visit http://www.hollywoodcirclefl.com/.

For more information, please contact:

Eric Kalis

Account Director, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.rkwresidential.com.

www.circresidences.com.

CBRE Completes $16.6 Million Sale of Plaza at Power Marketplace in Queen Creek, AZ

Plaza at Power Market Place, Queen Creek, AZ

PHOENIX, AZ  – CBRE has completed the $16.6 million sale of Plaza at Power Marketplace, a ±70,961-square-foot shopping center located at 7225 S. Power Road and 18490-18550 E. Rittenhouse Road in Queen Creek, Arizona.

Phillip Voorhees

The property is located near the Arizona State University Polytechnic Campus and the Phoenix-Mesa Gateway Airport.

Philip Voorhees and Jimmy Slusher with CBRE National Retail Partners – West, based in Orange County, California, and Steve Julius with CBRE’s Phoenix office, arranged the sale on behalf of a private seller from New York and private buyer from California.

Jimmy Slusher

“The purchaser in this transaction, a family office based in Southern California, demonstrates the continued flow of capital from California to Arizona as buyers seek a wider available inventory and yields superior to those found in the coastal markets,” Voorhees noted.

Built in 2007, Plaza at Power Marketplace is anchored by a high-performing LA Fitness, shadow-anchored by Home Depot and boasts a strong roster of national and regional tenant credits, including Taco Bell, Dunkin Donuts, and Edward Jones. The property was 93 percent leased at the time of sale.

Kirk Brummer

The transaction also involved Jesse Goldsmith with CBRE’s Phoenix office, Kirk Brummer, Sean Heitzler, John Read, Preston Fetrow, Matt Burson, Megan Wood and James Tyrrell with CBRE NRP-West, and Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s National Loan and Portfolio Sale Advisors in New York.

The NRP-West team focuses exclusively on retail investment properties in the western states, including CA, OR, WA, NV, AZ and HI, representing the most accomplished retail investors in the US. 

Megan Wood

The team's ability to collaborate across CBRE's multi-discipline platform enhances its role as strategic advisors to western U.S. clients in the disposition and acquisition of retail properties, and ensures the delivery of superior results in today's investment market.

Sean Heitzler

Long recognized as industry-leading investment experts, the NRP-West team continues to specialize in portfolio sales, anchored centers, strip centers, single-tenant assets, specialty retail projects, REO and Receivership assets and parcelized disposition strategy opportunities.

 Based in Orange County, California, the team consists of specialists with institutional and private client relationships and leverages institutional quality knowledge and service across unparalleled access to private capital investors and the brokers who represent them, domestically and around the world. View listings:

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). 

John Read

The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.

 CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. 

For more information, please contact:

Anne Monaghan 

anne@monaghanpr.com

www.nrpwestlistings.com. 

       www.cbre.com.

Marcus & Millichap Brokers $1.47 Million Sale of 32-Unit Crystal River Apartments in Crystal River, FL

 

Francesco P. Carriera

CRYSTAL RIVER, 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 Crystal River Apartments, a 32-unit apartment property located in Crystal River, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,475,000.

Michael P. Regan

Francesco P. Carriera, Michael P. Regan, Benjamin Skinner, Cameron S. Barbas and Joshua Teplitzky, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

“Built in the 1980’s, Crystal River Apartments presented a unique opportunity for investors to gain a strong cash flowing asset, located in a tertiary market with an expanding economy. 

The buyer was attracted to this property due to the number of units it offered, its location just north of the Tampa Bay MSA, and it’s a turn-key characteristic” stated Skinner.

Benjamin Skinner

Crystal River Apartments is located directly off of North Suncoast Boulevard the city's major office and retail corridor, experiencing an average daily traffic count of over 29,000 vehicles per day. North Suncoast Boulevard offers exceptional access to the major employment center of the area, Duke Energy's Coal and Nuclear Power Plant, a surplus of national retailers, numerous attractions and Crystal River Airport. 

Located less than twenty-minutes north of North Suncoast Boulevard is the Crystal River Coal and Nuclear Power Plant (2,000 plus employees), which is currently undergoing a massive expansion including the construction of the Citrus Combined-Cycle Natural Gas Plant. Crystal River Apartments is located at 8570 West Mayo Drive in Crystal River, Florida. 

For more information, please contact:

Crystal Marino
Brokerage Administrator/Front Desk
Marcus & Millichap 4030 W. Boy Scout Boulevard Suite 850 Tampa, FL 33607 (813) 387-4700 main (813) 380-7694 mobile (813) 387-4710 faxcrystal.marino@marcusmillichap.com
Follow us on:        NYSE: MMI

 OR 

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

  

The Keyes Company’s Billy Nash to Star in Upcoming Season of “Selling Mega Mansions”

Billy Nash

MIAMI and PALM BEACH, FL,  July 13, 2018 –- Billy Nash of The Keyes Company’s Nash Luxury is set to star in the third season of “Selling Mega Mansions,” a reality show spotlighting ultra-luxury real estate brokers on cable network’s AWE – A Wealth of Entertainment.

Nash is featured in seven episodes of the show’s third season, which is expected to premiere in the next few weeks.

Kevin Leonard

“Selling Mega Mansions” follows brokers around as they help high-end clients find dream homes in some of the world’s most desirable locations.

Nash takes viewers inside mansions in world-class South Florida neighborhoods such as Fisher Island, Palm Island – where Nash tours Al Capone’s former waterfront estate, Jack Nicklaus’ Bear’s Club in Jupiter, Mirasol in Palm Beach Gardens and Old Palm, known for its championship golf course designed by golf legend Raymond Floyd.

Tracy Wheelock

During the episodes, Nash showcases these one-of-a-kind properties by land and sea. He also leveraged a longstanding relationship with Braman Motorcars to incorporate the company’s Bentley and Rolls-Royce collections.

“Billy Nash has consistently utilized the Keyes technology, marketing, infrastructure and implemented his own creative and innovative strategies to become a household name in the luxury real estate,” Keyes Vice President of Luxury Kevin Leonard said.

Peter Dirlis

“His starring role on ‘Selling Mega Mansions’ is another example of that. We congratulate Billy and Tracy Wheelock of Nash Luxury and can’t wait to see them in action.”

AWE reaches 50 million households around the world. It is carried by numerous cable providers, including Amazon Prime, Apple TV, AT&T U-verse, DirecTV, Dish Network, Roku TV and Verizon FiOS.

Robert Bennett

Nash has enjoyed a rapid rise in the luxury real estate industry since joining Keyes just three years ago following more than 20 years working on Wall Street. He was honored as Keyes’ Rookie of the Year in 2016 and is on pace to generate more than $100 million in sales in only three years. 

“It is an honor to represent Keyes-Illustrated Properties in a show that will be seen around the world,” Nash said. “The 12-hour days of filming were long, but it was an awesome experience and an opportunity for people around the world to see what we do best.

"A special thanks to Peter Dirlis and Robert Bennett at [show producer] Supermassive Productions and director Jeff Boos for their hard work and professionalism.”

Nash is represented by renowned New York-based entertainment attorney David Fritz of Boyarski Fritz LLP.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in all segments of residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

David Fritz

The Keyes Family of Companies is the largest independently-owned real estate firm in Florida and a Top 30-ranked firm in the entire United States.

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

 In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the sales volume of their closest competitor.

For more information, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/jcurtiss@boardroompr.com

954-370-8999

HFF announces sale of neighborhood retail center in San Marcos, TX

San Marcos Place Shopping Center, San Marcos, TX

 AUSTIN, TX –– HFF announces the sale of San Marcos Place, a 73,745-square-foot neighborhood shopping center with office space in San Marcos, Texas.

HFF team represented the seller, Robb Lane, Ltd.  NAI Investment Fund, the private equity arm of commercial real estate brokerage, purchased the asset for an undisclosed price.

Andrew Pappas

  San Marcos Place is the first acquisition for NAI Investment Fund’s recently raised Fund II, and the purchase of this asset marks the fifth transaction completed in 12 months by NAI Investment Fund, which is led by Senior Vice President Andrew Pappas.

San Marcos Place shopping center is 80 percent leased to a mix of national and regional tenants, including Half Priced Books, Plato’s Closet, China Palace Buffet, Nationwide Insurance, Pizza Hut, Best Buy Call Center and Laundrymate. 

Cathy Nabours

Completed in 1985, the center received capital upgrades in 2015.  The center is situated on 6.59 acres at 900 Bugg Lane in San Marcos, which is halfway between Austin and San Antonio along the Interstate 35 corridor and named the fastest-growing city in the United States. 

 Less than a mile from the 38,000-student Texas State University, San Marcos Place is visible to more than 132,000 vehicles per day from Interstate 35 and proximate to The Lyndon, a new, premier mixed-use development with student housing and retail. 

Walter Saad

HFF’s investment advisory team representing the seller included managing directors Cathy Nabours and Walter Saad and director Drew Fuller. 

“Mark Shields and his partners have owned San Marcos Place since the early 1990s, and, at just over 80 percent occupancy, the center will be a great value-add investment for NAI Investment Fund,” Nabours said. 

Drew Fuller

 “This was our team’s first time working with this buyer and look forward to the opportunity to work with Andrew and his team again in the future.”

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

Primus Real Estate Services, LLP is a commercial retail real estate development and brokerage firm located in Austin, Texas.  Visit http://www.primusre.com for more information.

Mark Shields

NAI Partners is the 5th-largest Houston-Area commercial real estate Brokerage, the No. 1 Mover of Square Feet among leasing and sales brokerages, the largest independently owned and among the largest owner-operated commercial real estate firms in Houston, Texas, per The Houston Business Journal. 

 For more information, please visit us on the web at www.naipartners.com.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com