Property Type

PennMedicineSouthChesterCountyJennersville-rebo

Seavest Healthcare, Anchor Health Open Medical Office Facility in Pennsylvania

by Amy Works June 3, 2015

JENNERSVILLE, PA. — Seavest Healthcare Properties and developer Anchor Health Properties have opened Penn Medicine Southern Chester County in Jennersville, a suburb of Philadelphia. The two-story, 72,000-square-foot facility features primary and specialty care physician offices, diagnostic imaging, physical therapy and laboratory services. Penn Medicine Chester County Hospital, a University of Pennsylvania Health System hospital, The Children’s Hospital of Philadelphia and independent physicians occupy the ambulatory care facility. Seavest, Anchor and physician-tenants own the property.

June 3, 2015

Connecticut Northeast Retail

HFF Arranges $9.9M Sale of Retail Center in Connecticut

by Amy Works June 3, 2015

WILTON, CONN. — HFF has arranged the sale of Town Green at Wilton Center, a shopping center located in the town center of Wilton. An affiliate of Westport, Conn.-based Paragon Realty Group LLC acquired the 34,956-square-foot property for $9.9 million. Built in 1985, the two-building shopping center is occupied by a U.S. Post Office, Webster Bank, Hunan Café and Marly’s Bar & Bistro. James Koury, Fred Wittman, David Fowler and Patrick McAneny of HFF represented the sellers, Wilton Center Development LLC and Boylston Properties, in the deal.

June 3, 2015

Hospitality Texas

Woolley’s Classic Suites to Build in Avion Business Park in Metro Dallas

by Haisten Willis June 3, 2015

IRVING, TEXAS — Woolley’s Classic Suites is set to build in Avion Business Park, a 50-acre tract of land located along State Highway 114 and Royal Lane in Irving. KDC is developing the business park. The 250-room, full-service hotel offers amenities including an on-site restaurant and lounge, in-suite dining, 24-hour gift shop and business center, meeting spaces, laundry, fitness center and complimentary airport shuttle. Avion Business Park is the second location in the United States for the Woolley’s Classic Suites hotel brand. The first Woolley’s opened in Denver in May of 2014. Construction on Woolley’s Classic Suites will begin in fall of 2015 with completion scheduled for winter 2016.

June 3, 2015

Multifamily New York Northeast

Marcus & Millichap Brokers Sale of 6,385 SF Land Parcel in Queens

by Amy Works June 3, 2015

NEW YORK CITY — Marcus & Millichap has brokered the sale of a 6,385-square-foot land parcel located at 71-74 Parsons Blvd. in the Kews Gardens section of Queens. The asset sold for $2.5 million. The 67-foot by 83-foot parcel offers a floor area ratio of 2.43 for a residential development and a floor area ratio of 4.8 for a development that includes a community facility. Steven Siegel and Michael Kook of Marcus & Millichap’s Manhattan office represented both the seller, a bank/financial institution, and the buyer, a developer, in the transaction.

June 3, 2015

Office Texas

Cousins Properties Arranges Lease Renewal in Houston

by Haisten Willis June 3, 2015

HOUSTON — Cousins Properties Inc. has arranged a lease renewal with Transocean Ltd. for 255,413 square feet at Greenway Plaza in Houston. Transocean, the fourth largest customer in Cousins’ Houston portfolio, currently occupies 4 Greenway Plaza in its entirety. The 255,413-square-foot transaction renews 100 percent of the company’s current space and extends their expiration from January 2017 to January 2023. Greenway Plaza is a 4.5 million-square-foot Class A office complex located in the Greenway submarket of Houston. With the Transocean renewal, leasing at Greenway Plaza now stands at 90 percent. Bob Boykin, Warren Savery, Bubba Harkins and Will Hightower represented Cousins in the transaction.

June 3, 2015

Retail Texas

Trademark Property Begins Renovation of The Shops At Highland Village in Metro Dallas

by Haisten Willis June 3, 2015

HIGHLAND VILLAGE, TEXAS — Trademark Property Co. has begun renovation work on the 389,090-square-foot Shops at Highland Village shopping center. Enhancements will include upgraded building facades, common area and landscaping improvements, public art, new amenities for adults and children, and new signage throughout the property. Located at 1701 Shoal Creek on the corner of FM 2499 and FM 407 in Highland Village, The Shops at Highland Village is anchored by AMC Highland Village 12, Whole Foods Market and Barnes & Noble Booksellers. The center includes 11 restaurants and 60 shops including Banana Republic, White House Black Market, Chico’s and Jos. A. Bank. The center is owned by AEW Capital Management and operated by Trademark Property Co.

June 3, 2015

Retail Texas

Ashley Furniture Signs Lease Renewal at Retail Center in Houston

by Haisten Willis June 3, 2015

HOUSTON — Ashley Furniture has signed a 10-year, 52,360-square-foot lease renewal at Deerbrook Corner located at 20050 Highway 59 North in Houston. Mickey Meyer-Sturgis represented the tenant and landlord, The Richland Cos., in the transaction.

June 3, 2015

Loans Retail Texas

HFF Arranges $18.3M Refinancing for Retail Center in Metro Dallas

by Haisten Willis June 3, 2015

GRAPEVINE, TEXAS — HFF has arranged an $18.3 million refinancing for Grapevine Towne Center, a 207,004-square-foot retail center in Grapevine. HFF worked on behalf of the borrower, a joint venture managed by Cencor Realty Service, to secure the 10-year, fixed-rate loan with Morgan Stanley Bank. HFF will service the securitized loan. Loan proceeds will be used to refinance the borrower’s existing debt. Grapevine Towne Center is located along State Highway 114 between William D. Tate and Ira E. Woods Avenues (State Highway 26). Grapevine Towne Center’s main building and five outparcel pads are 87.5 percent leased. Tenants at the property include Office Depot, Ross Dress for Less and Big Lots in addition to Vision Works, Weight Watchers, Hallmark Creations and Bealls. Steve Heldenfels, Travis Anderson and Joe Lerer led the HFF team representing the borrower.

June 3, 2015

Hospitality Loans Midwest Minnesota

HFF Secures $25M Refinancing for DoubleTree Suites by Hilton Hotel Minneapolis

by Amy Works June 3, 2015

MINNEAPOLIS — HFF has secured $25 million in refinancing for the DoubleTree Suites by Hilton Hotel Minneapolis, a 12-story hotel located in downtown Minneapolis. HFF arranged the three-year, floating-rate loan with two optional one-year extensions through BBVA Compass Bank for the borrower, Wheelock Street Capital LLC. Proceeds of the loans will be used to refinance a loan, which was assumed by the borrower upon its acquisition of the property in 2012. Located at 1101 LaSalle Ave., the 150,752-square-foot property was renovated in 2013 and features 229 suites, 1,162 square feet of meeting space, a second-floor merchandising suite, parking garage, 24-hour business and fitness centers, in-house Starbucks Coffee and Lot 57, a full-service restaurant and lounge. Steven Klein and Sam Nidenberg of HFF represented the borrower in the financing.

June 3, 2015

Industrial Midwest Minnesota

The Opus Group, AmerisourceBergen Partner on Build-to-Suit in Minnesota

by Amy Works June 3, 2015

SHAKOPEE, MINN. — The Opus Group and AmerisourceBergen, a global healthcare solutions provider, have partnered to develop a build-to-suit distribution center within Valley Park Business Center in Shakopee. Opus’ design-build capabilities will allow for a quick turnkey building customized for AmerisourceBergen’s needs. The facility will include warehouse space and two stories of office space. Construction is slated to begin in July with a scheduled completion in 18 to 24 months. Opus Development Co. will be the developer, Opus Design Build will be the design-builder and Opus AE Group will be the architect and engineer of record.

June 3, 2015

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