HFF arranges financing for a nine-property, multi-state behavioral healthcare portfolio

Perimeter Healthcare

WASHINGTON, DC  – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing for a nine-property, multi-state behavioral healthcare portfolio totaling 943,843 square feet and 765 licensed beds.

HFF worked on behalf of the borrower, Perimeter Healthcare, and its financial sponsor, Ridgemont Equity Partners, to secure the five-year, floating-rate senior loan through a four-bank syndicate led by Pinnacle Financial Partners and including ServisFirst Bank, Hancock Whitney Bank and Bancorp South.

Mark E. West

The portfolio includes:

·        Perimeter Behavioral of Forrest City in Forrest City, Arkansas; Perimeter Behavioral Hospital of West Memphis and Perimeter Behavioral of West Memphis in West Memphis, Arkansas; Piney Ridge Behavioral in Waynesville, Missouri;

·        Perimeter Behavioral Hospital of Springfield in Springfield, Missouri; Perimeter Behavioral Hospital of Jackson and Perimeter Behavioral of Jackson in Jackson, Tennessee; Beacon Children’s Hospital in Luverne, Alabama; Perimeter Behavioral Hospital of New Orleans in Kenner, Louisiana;

·        Perimeter Behavioral Hospital of Dallas in Garland, Texas, and Perimeter Behavioral Hospital of Arlington in Arlington, Texas.  All nine facilities are fully occupied by Perimeter Healthcare, a behavioral healthcare company that treats a broad range of mental diseases in both inpatient and outpatient care settings. 

The HFF debt placement team representing the borrower included senior managing director Mark West, senior director Jamie Leachman and director Evan Parker.

Jamie Leachman

“Ridgemont Equity Partners and Perimeter Healthcare are best-in-class operators, focused on serving a critical need for their patients and their communities,” Leachman said.

“Pinnacle Bank, ServisFirst, Hancock Whitney and Bancorp South performed flawlessly, and we are thrilled to have been a part of such an impactful financing process.”

About Perimeter Healthcare

Perimeter Healthcare provides mental and behavioral health services in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers and outpatient clinics. 

Headquartered in Alpharetta, GA, Perimeter’s facilities are in Arkansas, Missouri, Tennessee, Alabama, Louisiana, and Texas. For more information, please visit: www.perimeterhealthcare.com.

Evan Parker

About Ridgemont Equity Partners

Ridgemont Equity Partners is a middle market private equity firm that provided more than $4 billion of buyout and growth capital to private companies and new business platforms since 1993.  

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

CONTACTS

MARK WEST

HFF Senior Managing Director

(214) 265-0880

mwest@hfflp.com

JAMIE LEACHMAN

HFF Senior Director

(202) 533-2524

jleachman@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

Ware Malcomb Names Anthony Simon as Director, Retail Architecture and Design

Anthony Simon

NEW YORK, NY (May 7, 2019) – Ware Malcomb, an award-winning international design firm, today announced Anthony Simon has joined the firm’s New York office as Director, Retail Architecture and Design. 

In this new position, Simon will be collaborating with Ware Malcomb offices on the East Coast to expand retail sector design opportunities and manage select projects. 

Simon brings over 25 years of experience in customer-focused design to his new role at Ware Malcomb. Utilizing a holistic design approach for environments, his project expertise spans the retail, restaurant and hospitality industries. He is also a proven leader in the areas of business development, client services, oversight of national and regional teams, and staff mentorship. 

“We are very excited to have Anthony join the Ware Malcomb team in New York, and we look forward to his collaboration with all of our offices across North America,” said Michael Bennett, Principal, Ware Malcomb. 

Michael Bennett

“Anthony’s expertise and leadership will strengthen Ware Malcomb’s core competency in the retail sector, building upon existing company relationships to expand the firm’s presence in this important area of market diversification.”

Notable Ware Malcomb retail projects in New York include: 

• 
  
• serving as interior Architect of Record for a new spa and retail boutique for French beauty brand Caudalie located at 823 Washington Street in the Meatpacking District of New York City;
• 
  
•  providing interior architecture and design services the new Fujifilm Wonder Photo Shop located at 176 5th Avenue in the Flatiron District of New York City; 
• 
  
• providing interior architecture and design services for the Time Warner Cable Flagship Experience Store located at 43 West 23rd Street in the Flatiron District of New York City. 

Simon studied at the Pratt Institute, School of Architecture in Brooklyn, New York.  

CONTACTS

Rachel Reenders

VP Public Relations, KCOMM for Ware Malcomb

rachel@kcomm.com

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

Title Insurance Firm Proper Title LLC, Celebrates Expansion of Chicago Loop Office, Opening of St. Charles, IL Location

 From left: Proper Title professionals Beth LaSalle, Carol King, Sabrina Bier, Kimberly Keegan, Kim O’Donnell and Kim Wetzel.

CHICAGO, IL  (May 7, 2019) — Proper Title, LLC, a full-service title insurance firm serving the commercial and residential real estate industry, announced the expansion of its Chicago Loop office and the opening of a new location in St. Charles, Ill.

Located at 180 N. LaSalle St., the Loop office now has 9,700 square feet and 12 closing rooms to accommodateProper Title’s fast-growing business.

The office has a clean, modern design with ebony conference tables in each closing room and floor-to-ceiling windows overlooking downtown Chicago.

Large photos of professional sporting events from Chicago photographer Charles Cherney line the walls throughout the space, reinforcing one of Proper Title’s goals of peak performance.

David Garside

“We’re dedicated to providing attentive service and a comfortable environment for our clients,” said David Garside, executive vice president of title and escrow operations at Proper Title.

 “The Loop office is one of our busiest, and its central location places us near many of our real estate attorney clients. The expansion was needed to meet the increased demand we’ve experienced over the past few years.”

Despite a slower local housing market compared to this time last year, Proper Title’s closings increased 15% in the first quarter compared to the same period in 2018.

Charles Cherney

“We’re growing our business by capturing a larger share of the market,” Garside said. “More people are choosing to close with us because of the unmatched level of service and security we offer.”

CONTACTS

Paula Widholm, pwidholm@taylorjohnson.com, (773) 726-7993

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

Pathway to Living Completes Renovation of Senior Housing Community Azpira Place of Breton in Kentwood, MI

Azpira Place of Breton, an 81-unit assisted living and memory support community, 4352 Breton Road SE, Kentwood, MI

CHICAGO,IL and KENTWOOD, MI (May 7, 2019) — Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed $2.1 million in capital improvements at Azpira Place of Breton, an 81-unit assisted living and memory support community in Kentwood, Mich.

Pathway acquired and has been managing the property, formerly known as Elmcroft of Kentwood, since February 2018.

Located at 4352 Breton Road SE, just under 10 miles from Grand Rapids, the community is Pathway’s first in Michigan. It offers 69 assisted living residences in studio and one-bedroom layouts and 12 memory support residences in studio or shared-suite plans.

Maria Oliva

“In just over a year, we have transformed this property into a modern senior living community with a full suite of amenities and programs that will enhance and inspire residents to live meaningful lives,” said Maria Oliva, chief operating officer of Pathway to Living.

 “We’re thrilled to have retained most of the residents while also adding new ones throughout the renovation.”

Kentwood Mayor Stephen Kepley, along with other city officials and local business leaders, attended a recent grand opening celebration for the community. "I want to really thank the owners and staff for the investment in the property, and also the investment in our community," he said.

Dining area, Azpira Place of Breton

Bob O'Callaghan, president and CEO of the Wyoming-Kentwood Area Chamber of Commerce, also attended the ribbon-cutting to show support from local business leaders.

“Azpira Place of Breton has hit a home run,” he said. “The updated community looks fantastic. Everyone is happy and friendly, from the staff to the residents, which reflects the wonderful job Pathway to Living achieved through this renovation.” 

Improvements to the property included upgrading common areas with new paint, carpeting and furniture throughout the community. A fireplace was added to the dining room, while the community room and demonstration kitchen were remodeled. A wellness center and therapy/exercise room were also added to further support a wellness-focused lifestyle.

Kentwood Mayor
 Stephen Kepley

Select apartment layouts were also reconfigured, as walls were removed in some units to convert them to one-bedroom apartments. All residences were updated with new paint, carpet and remodeled kitchenettes.

In addition, the memory support neighborhood was redesigned to complement Pathway to Living’s A Knew Day memory support program and philosophy.

Additional windows were installed to bring more natural light into the area, while interiors were enhanced with new artwork and furniture.

The country kitchen was revamped as part of the renovation, and other additions included new programming space such as a music and sitting area, as well as resident laundry.

A Knew Day is Pathway to Living’s signature approach to memory support, serving residents with Alzheimer’s disease, dementia and other forms of memory loss. 

The program has been proven to provide rehabilitation for the brain – a process called rementia – helping seniors with memory impairment become more engaged and communicative.

All residents of Azpira Place of Breton will be enriched through Pathway to Living’s award-winning VIVA! philosophy, where social, educational and recreational programs are matched with residents’ interests, skills and desires.

For example, ArtPATH teaches techniques used by famed artists, sculptors and curators while Lifelong Learning classes offer educational opportunities. Residents also will have the chance to participate in field trips and outdoor adventures organized by Pathway to Living, such as overnight camping trips.

Bob O'Callaghan

“Azpira Place of Breton will join our other communities in providing both our A Knew Day and VIVA! lifestyles,” said Oliva. “We hear from families who say the programming and personalized care have dramatically improved their loved ones’ quality of life.

"Through these experiences, many of our residents are enjoying activities that they haven’t been able to for decades, or for the very first time.”

Set on a 5-acre site near the intersection of Breton Road and 44th Street, Azpira Place of Breton is conveniently located near retail centers and restaurants, recreational destinations including golf courses, and Gerald R. Ford International Airport. 

For more information on Azpira Place of Breton or to schedule an appointment, visit www.pathwaysl.com or call (616) 288-4151.

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

CONTACTS

 Kathryn Kjarsgaard, kkjarsgaard@taylorjohnson.com,

(312) 267-4514

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Newmark Knight Frank Sells 88,000-Square-Foot Data Center/Office Building in Forsyth County, GA for $10.75 Million

5925 Cabot Parkway, Forsyth County, GA

 

Jason Schrago

ATLANTA, GA — Newmark Knight Frank (NKF) announced the sale of 5925 Cabot Parkway, an 88,000-square-foot office building and data center in Forsyth County, Georgia near Atlanta.

A local real estate development and investment firm, The Woodbery Group, purchased the building from JM Family Enterprises for $10.75 million. 

The building was fully leased by JM Family Enterprises at the time of transaction.

 Built in 1999 and fully renovated in 2007, 5925 Cabot Parkway features 48 private offices, approximately 130 workstations, 11 conference rooms, two lounge areas and a full-service catering kitchen.

The class B building also offers several fully furnished plug and play opportunities and includes a 21,000-square-foot data center with 3 Megawatts of power with built-in redundancy.

Datascan, a subsidiary of JM Family Enterprises, relocated to new and owned office space in June 2018 at Alpharetta City Center. The data center function remains at 5925 Cabot Parkway.

Frank Clementi

 NKF Executive Managing Director Jason Schrago and Senior Managing Director Frank Clementi represented the seller. SK Commercial Realty’s Tom Kirbo represented the buyer.

 “We were pleased to conduct this value-add transaction on behalf of JM Family Enterprises that provides them flexibility with their ongoing corporate data center function at 5925 Cabot Parkway,” said Schrago.

“The building offers significant potential for income growth, with the proximity to a highly skilled labor force signaling a bright future for the new owners.”

Clementi added, “As a data center, this property offers 2N+1 redundancy and abundant power. The Atlanta data center market is gaining world-wide attention for its low cost of power and many fiber carriers.

"Additionally, fueling this growth is the recent passing of House Bill 696, offering buyers of data centers tax exemption on equipment purchases and power usage.”

Tom Kirbo

5925 Cabot Parkway is within close proximity to the new Halcyon mixed-use development on McFarland Parkway that features leading restaurants and retailers such as Hog Island, MidiCi Neapolitan Pizza, Cocina & Taqueria, Butcher & Brew, Never Enough Thyme, and Cherry Street Brewpub. 

According to NKF Research, metro Atlanta’s office market continues to display strong fundamentals despite a recent slowdown in job growth.

 Overall asking rents in Forsyth County have steadily climbed to nearly $25 per square foot, with leasing momentum expected to remain strong through 2019.

CONTACT

Nick Banaszak

 nbanaszak@thewilbertgroup.com

www.ngkf.com

Parker Poe to Relocate Charlotte, NC Office to Landmark Lincoln Harris Development Legacy Union

Legacy Union, 620 South Tyron, Charlotte, NC

Charlotte, NC (May 6, 2019) — Parker Poe, a Charlotte-based business law firm with seven offices across the Southeast, today announced plans to relocate its Charlotte office to an efficient, high-performance workplace environment in Legacy Union, the 10-acre Lincoln Harris development that is redefining the southern perimeter of uptown Charlotte with a mix of Class A office space, retail, and other amenities.

In mid-2020, Parker Poe will occupy 86,000 square feet on three floors of 620 S. Tryon, Legacy Union’s first phase, a 33-story, 850,000-square-foot tower.

Thomas N. Griffin

As part of the move, Parker Poe will have branding on the tower, establishing a presence at the intersection of Tryon and Stonewall streets, the epicenter of more than 10 million square feet of development taking place on the south side of uptown adjacent to Bank of America Stadium.

“We are excited about this move and our partnership with Lincoln Harris,” said Parker Poe’s Managing Partner Tom Griffin. “In a rapidly changing legal marketplace, we are embracing change and looking forward to a new, agile workplace.

"Our space will match our firm’s forward-thinking culture and encourage clients, lawyers, and staff to collaborate in an energized environment.”

“Lincoln Harris is proud to welcome Parker Poe to Legacy Union,” said Johno Harris, president of Lincoln Harris. “The decision of prominent corporate names like Parker Poe to choose Legacy Union as their headquarters continues to validate our vision for Legacy Union and its impact not only on uptown but our community as a whole.”

Johno Harris

Parker Poe’s new office will reflect its collegial, people-focused culture to create a flexible and adaptable space designed to reduce bureaucracy and increase interaction. 

Design features will focus on natural light, integrated technology, active social areas, ergonomic enhancements, and wellness spaces. International architecture firm Gensler will lead the interior design.

“We’re pleased to partner with Parker Poe, one of the Southeast’s most prestigious law firms,” said Taylor Senter, Managing Director at Newmark Knight Frank (NKF), Parker Poe’s real estate advisor.

“From the offset of the project, Parker Poe’s leadership team had a clear and concise conviction around the future of the firm and how to leverage real estate to position itself in the marketplace moving forward. It really was a pleasure to play a role in this seminal decision by the firm.”

Taylor Senter

Senter, and his partners Greg Katz and Mike Hopper, members of NKF’s law firm advisory practice, see Parker Poe’s decision as progressive and prescient.

“It’s no secret that the practice of law, and for that matter business at large, is undergoing rapid transformations due to advances in technology and increased mobility within the workforce.

"With this comes a renewed expectation of the workplace, and more so than ever before our clients across the U.S. are looking to proactively address these realities.

"In its decision to embrace this evolution, Parker Poe is establishing a new paradigm and solidifying its position as a preeminent law firm in the Southeast.”

Parker Poe’s new home includes an indoor/outdoor entry plaza off of Tryon Street for casual gatherings, a fitness center, and a walkable promenade lined with restaurants and retailers.

Greg Katz

A pedestrian bridge above Church Street will provide tenants with direct access to the building. 

Ridr Knowlton and Campbell Walker of Lincoln Harris represented the developer in the transaction.

About Parker Poe

Parker Poe Adams & Bernstein LLP has more than 200 lawyers in seven offices located in major markets across North Carolina, South Carolina, and Georgia.

The firm provides legal counsel to many of the largest companies and local governments in the region. Parker Poe is a member of TerraLex, one of the world’s leading international legal networks.

Mike Hopper

With 155 member law firms and more than 17,000 attorneys in 100 countries, TerraLex members provide the legal resources needed to conduct seamless business worldwide.

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

About Lincoln Harris

Lincoln Harris, together with Lincoln Property Company, provides clients with a national platform and unparalleled institutional resources, including commercial real estate development, investment and property management.

 Based in Charlotte, Lincoln Harris takes great pride in its reputation as one of the region’s most accomplished full-service commercial real estate companies.

Lincoln Harris’ multi-disciplinary team has a long history of working through complex transactions and adopting innovative approaches to real estate problems.

Walker Campbell

We take pride in developing and implementing comprehensive national real estate programs for our clients and cultivating a sense of trust in the communities we serve and the individual transactions we service.

To learn more about Lincoln Harris properties and services, please visit www.lincolnharris.com.

About Newmark Knight Frank

Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers.

Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents.

NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales.

Ridr Knowlton

Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management.

For further information, visit www.ngkf.com

CONTACT

Nick Banaszak

 nbanaszak@thewilbertgroup.com

NAI Realvest Closes on New Office Space Lease in Orlando's SoDo Neighborhood for New Jersey-based Construction Management Firm

Jason G. Toll

ORLANDO, FL — NAI Realvest recently negotiated a new multi-year lease for a 3,985 square foot suite at 1401 Sligh Blvd.  

  A New Jersey-based firm will occupy one of the few remaining non-medical office spaces on the Orlando Health campus in SoDo off Orange Avenue south of downtown Orlando .  

  Jason G. Toll, Director of the Industrial Services Group at NAI Realvest negotiated the transaction representing the landlord Houston-based 1401 Sligh LLC. 

  Vericon Construction a full service construction management and general contracting firm with 10 employees at this Orlando location has additional operations in Atlanta , Fort Lauderdale and Charlotte .    

The tenant was represented by Charles Harmon of Turnkey Real Estate Service.  

 CONTACT:

Jason G. Toll, Director, Industrial Services Group at NAI Realvest
407-875-9908 jtoll@realvest.com

Patrick Mahoney, President / CEO NAI Realvest,

 407-875-9989 pmahoney@realvest.com

Beth Payan or Larry Vershel, Larry Vershel Communications,

407-644-4142 or 

 407-461-3781

Lvershelco@aol.com or beth@larryvershel.com    

Stirling International Real Estate Names Tatiana Matyukha New Sales Associate in Orlando, FL

Tatiana Matyukha 

ORLANDO , FL – Stirling International Real Estate recently appointed Tatiana Matyukha as Sales Associate.     

  Roger Soderstrom, Jr., Broker of Record for Stirling said Matyukha is Russian born and holds degrees in both Accounting and Merchandizing.   “She has a strong work ethic and outgoing personality that sustains a successful real estate career,” he said.

Matyukha grew up in a hard-working family where her father designed and built two homes for the family from the ground up and insisted she participate, understand the process and learn what is important in a quality-built home.

Upon arriving in the U.S. eight years ago, Matyukha expanded her accounting skills into various sectors including taxes and audit, the legal field, as well as customer service in the retail and hospitality industries.  She has over a year of experience in residential real estate sales in Central Florida .

Roger Soderstrom Jr.

She has a passion for cooking and yoga to achieve peace, harmony, balance and a healthy lifestyle. Another passion is modeling for local charity fundraising events.

Her journey and transition, discovering a new culture and new skills in the U.S. were challenging yet provided the perfect platform for a career in residential real estate, according to Soderstrom.  

 “Tatiana truly suits the global outreach of our brand and we look forward to seeing her play a leading role in our continued growth,” he added.

CONTACTS

Roger Soderstrom, Jr., Broker of Record, Stirling International Real Estate, 

407-250-1000 rsoderstrom@sirefl.com

Beth Payan, Larry Vershel Communications

407-644-4142 beth@larryvershel.com .