CHARLOTTE, NC – July 18, 2018 – HFF announces the $69.25 million sale of Centric Gateway, a 297-unit, newly completed mid-rise apartment community in Charlotte, North Carolina’s Uptown area.

The HFF team marketed the offering on behalf of the seller, Dominion Realty Partners.  TH Real Estate, an affiliate of Nuveen (the investment manager of TIAA), purchased the property free and clear of existing debt.

Centric Gateway is located at 1010 West Trade Street positioning it near all of Uptown Charlotte’s employment, retail and entertainment amenities, including Gateway Village, Johnson & Wales University, Romare Bearden Park, Bank of America Stadium, BB&T Ballpark and Spectrum Center. Completed last year, the property comprises studio, one- and two-bedroom units featuring chef-inspired kitchens, stainless steel appliances, designer finishes, plank flooring, large walk-in closets, oversized windows, in-unit washers and dryers, and private patios or balconies.  Community amenities include a resort-style saltwater pool, outdoor grilling and dining areas, fitness center, yoga/flex studio, sport courts, club lounge with game room and nearby access to bike share stations, light rail and bus service.  Centric Gateway’s environmentally-conscious design has earned it National Green Building Standard™ (NGBS) Bronze-level certification.

The HFF investment advisory team representing the seller included managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

Holliday GP Corp. (“HFF”) is a North Carolina licensed real estate broker.

CHICAGO, IL – July 18, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Burnham Pointe, a 298-unit high-rise apartment property in Chicago’s South Loop.

The HFF team advised on the transaction between the seller, Crescent Heights, and the buyer, a joint venture between Draper and Kramer, Incorporated and Intercontinental Real Estate Corporation.  The property was purchased free and clear of existing financing.

Burnham Pointe is located at 730 S. Clark Street within walking distance to the Harrison, LaSalle and Library/Van Buren “L” stations; the LaSalle Street Metra station; and retail and dining amenities in the historic Printer’s Row neighborhood.  The 28-story property comprises a mix of one- and two-bedroom luxury units featuring spacious layouts, stainless steel appliances, floor-to-ceiling windows and large balconies.  Community amenities include a resistance pool, spa, sauna, outdoor terrace with fireplaces, fully equipped fitness center, clubroom with full kitchen/bar, private lounge, dog run and 24-hour doorman.  The property is 96 percent occupied.

The HFF investment advisory team included managing directors Sean Fogarty and Marty O’Connell, senior director Wick Kirby and director Kevin Girard.

DALLAS, TX – July 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for a six-property multi-housing portfolio totaling 2,048 units in the Dallas-Fort Worth metropolitan area.

The HFF team worked on behalf of the borrower, Exponential Property Group, to secure the fixed-rate loan through Global Atlantic Financial Group.

The six properties in the portfolio are Cedar Point at 2020 Cedar Point Drive in Arlington (272 units); Emerald Hills & Normandale at 8950 N. Normandale Street in Fort Worth (398 units); Marine Creek at 4500 Marine Creek Parkway in Fort Worth (248 units); The Woodlands at 7040 John T. White Road in Fort Worth (346 units); Pecan Knoll & Broadway at 1051 E. Centerville Road in Garland (492 units); and Quail Ridge at 1919 W. Tarrant Road in Grand Prairie (292 units).  The assets are approximately 98 percent leased overall.

The HFF team representing the borrower included managing director Jeremy Sain.

“We were attracted to this acquisition for many reasons, including the opportunity to essentially double our DFW portfolio as well as the attractive returns the properties will make available for our investors,” said Kim Radaker, founder and managing principal of Exponential Property Group.  “Throughout the acquisition, we worked closely with the previous owner to help us retain the majority of the existing staff as it was important to us to utilize their individual expertise to help make this new venture a success going forward.”

“HFF did a remarkable job in quickly identifying Global Atlantic as an ideal partner,” Radaker continued. “The creative structure Global Atlantic brought to the table allowed us to close this large portfolio in a timely manner, and we greatly appreciate both the HFF and Global Atlantic teams’ flawless performances throughout the entire process.”

WASHINGTON, D.C. – July 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $51.5 million sale of The Residences at City Center, a 291-unit apartment community with ground-floor retail in Manassas Park, Virginia.

The HFF team marketed the property on behalf of the seller, and procured the buyer, Mexico City-based HASTA Capital.

The Residences at City Center is located at 170 Market Street directly across from the Manassas Park Virginia Railway Express (VRE) station along Manassas Drive in Prince William County. The transit-oriented property is ideally positioned near the largest employment centers and major thoroughfares in the Northern Virginia region as well as an abundance of retail and entertainment options.  The Residences at City Center comprises 255,608 square feet of residential space featuring high-quality, modern finishes and 43,708 square feet of ground-floor retail.  Community amenities include an outdoor pool with lounge area and grill station, state-of-the-art fitness center, clubhouse, business center, Wi-Fi café and a mix of surface parking and single-car garages.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Dek Potts.

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Flats 8300, a 359-unit, luxury high-rise residential property with ground-floor retail in Bethesda, Maryland.

HFF marketed the property exclusively on behalf of the seller, a joint venture between StonebridgeCarras and an affiliate of Walton Street Capital, L.L.C. Invesco Real Estate purchased the asset.

Recently completed in May 2016, Flats 8300 is located at 8300 Wisconsin Avenue along the Metrorail Red Line on a 1.6-acre site at the intersection of Battery Lane, just south of the National Institutes of Health and Walter Reed campuses. The nine-story property is walkable to numerous retail, dining and entertainment amenities in the Bethesda Row and Woodmont Triangle areas of downtown Bethesda and is less than two miles south of the Capital Beltway (Interstate 495). Flats 8300 encompasses a mix of studio to three-bedroom floor plans along with townhouse and penthouse options. Anchored by a ground-floor Harris Teeter with Starbucks, the amenity-rich property also features breezeway and façade ornamentation by sculptor Kent Bloomer; a half-acre courtyard with water feature and sculptures by artist Barton Rubenstein; ninth-floor clubroom with billiards and bar; green rooftop with fireplace and demonstration kitchen; two rooftop swimming pools; fitness center; business center; pet spa; underground parking with electric car charging stations; and concierge service.

The HFF investment sales team representing the seller was led by Walter Coker, Brian Crivella and Stephen Conley.

“HFF is pleased to have been able to represent the seller on such a transformative asset to the Bethesda submarket,” Coker said. “We were very excited to see that the market responded so well to the outstanding execution and core attributes of the asset.”