CHARLOTTE, NC – September 13, 2018 – HFF announces the sale of and joint venture equity for a land site totaling 48.33 gross acres (approximately 15.75 usable acres) within the Shiloh Crossing development in Morrisville, North Carolina.

The HFF team marketed the property on behalf of the seller, Shiloh Morrisville, LLC.  Dominion Realty Partners (DRP) purchased the site for $7.35 million.  Additionally, the HFF team worked on DRP’s behalf to arrange joint venture equity for the development of a 318-unit multi-housing community planned for the site.

The planned community, Residences at Shiloh Crossing, will be situated along Shiloh Glenn Drive and Lower Shiloh Way at the crossroads of Highway 540 and Highway 54/Chapel Hill Road in Morrisville.  Due for completion in 2019, the property’s accessibility to major transit corridors will offer unmatched connectivity to Raleigh-Durham’s most concentrated employment nodes, including the R&D-focused Research Triangle Park and surrounding Perimeter Park and Imperial Center.  The property will consist of six apartment buildings encompassing a mix of one-, two- and three-bedroom units averaging 915 square feet.  Unit amenities will include nine-foot ceilings, quartz countertops, ENERGY STAR® appliances, in-unit washers and dryers, walk-in closets, and balconies or patios.  Community amenities will include a resident clubhouse with Wi-Fi access, 24-hour fitness center, yoga room, game room, coffee bar, dog park, open green space for outdoor activities, resort-style swimming pool with sundeck, grilling area and walking-distance access to nearby retail and dining.  Residences at Shiloh Crossing will be designated by NAHB’s Green Building Standards.

The HFF investment advisory team representing Shiloh Morrisville LLC consisted of managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Sarah Godwin.

HFF’s equity placement team representing DRP consisted of managing director Justin Good, senior managing director Travis Anderson and senior director Roger Edwards.

WASHINGTON, D.C. – September 13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $12.8 million in acquisition financing for Columbus Park Apartments, a seven-story, 37-unit boutique apartment property in Hoboken, New Jersey.

The HFF team worked exclusively on behalf of the borrower, Spirit Bascom Ventures, to arrange the three-year, floating-rate loan with two one-year extension options.  Details of the sale of the property, which HFF’s investment advisory team marketed to Spirit Bascom, were released in a separate announcement.

Columbus Park Apartments encompasses a mix of studio, one- and two-bedroom units, many with loft or duplex layouts.  In addition, the property includes a 37-space secured parking garage and a detached three-story townhome unit with a private garage parking space and roof deck.  Columbus Park Apartments is located at 1024 Clinton Street, one block from Columbus Park, which includes picnic areas, a dog park, ball fields and playgrounds.  The property is also located along the bus route to Port Authority, which provides residents with direct commuter access to Manhattan.

The HFF debt placement team representing the borrower included senior director Jamie Leachman and managing director Michael Klein.

“The borrower has a strong business plan that includes renovating individual units, common areas and the exterior of the building, which will enable it to compete with a lot of newer product currently available and coming online in Hoboken at a lower price point,” Klein stated.  “The already highly occupied building will be well received by existing and future tenants in an extremely tight multifamily market with just 4.6 percent vacancy.”

“This transaction was a true team effort on both the sales and debt side for HFF, and it was a privilege to assist in the capitalization of this acquisition for Spirit,” Leachman added.  “The broad marketing process yielded extremely competitive debt terms offering the borrower flexibility to execute on their value-add strategy.”

DENVER, CO – September 11, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $37.525 million in financing for Thistle Sage, a 418-unit, garden-style multi-housing community in Northglenn, Colorado.

Working exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based Mountain View Capital, LLC, the HFF team secured the seven-year, fixed-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans. Loan proceeds were used to acquire the property and featured flexible prepayment and two years of interest-only amortization.

Thistle Sage comprises 10 four-story residential buildings containing a mix of one- and two-bedroom units averaging 566 square feet.  Located just east of Interstate 25 at 11801 Washington Street, the property is approximately 13 miles north of the Denver CBD and near multiple retail amenities.  The 9.7-acre community features two heated swimming pools, a grilling area, playground and more than 500 open parking spaces.  Thistle Sage was nearly 95 percent occupied at closing.

The HFF debt placement team representing the borrower consisted of managing director Josh Simon and director Kristian Lichtenfels.

“It is always a pleasure to work with the HFF team,” Sanders said.  “Their consistently flawless execution is a true asset when acquiring properties in the current competitive environment.”

SEATTLE, WA – September 6, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $18.05 million sale of The James, a 144-unit, garden-style apartment community in Lakewood, Washington.

The HFF team represented the seller, FPA Multifamily, LLC, and procured the buyer, Watt Companies.

The James is located at 4828 123rd Street SW near several of Pierce County’s largest employment drivers, including the adjacent Joint Base Lewis-McChord (JBLM).  Additionally, the property provides immediate access to various Seattle MSA commuting options such as Interstate 5 and the Sound Transit Lakewood station.  The 14-building property consists of studio, one-, two- and three-bedroom units averaging 731 square feet.  Originally constructed in 1976, The James has recently undergone significant common area improvements, including siding replacement, the addition of balcony enclosures, updated landscaping, new signage, a resurfaced parking lot, clubhouse and fitness center remodel and renovations/upgrades to approximately 50 percent of the units.

The HFF investment advisory team representing the seller included senior managing director Ira Virden and director Christopher Ross.

CHARLOTTE, NC – September 5, 2018 – HFF announces the $9.5 million sale of Carolina Row, a 10.93-acre land site within the Crabtree Valley submarket of Raleigh, North Carolina.

The HFF team marketed the parcel on behalf of a private owner.  Kotarides, a Virginia Beach-based real estate company with holdings throughout the Mid-Atlantic, purchased the property.

Carolina Row is located at 4315 Lead Mine Road directly across from the 1.4 million-square-foot Crabtree Valley Mall.  Positioned at the confluence of three major thoroughfares, Interstate 440, Glenwood Avenue/U.S. Highway 70 and Creedmoor/Edwards Mills Road, the property is well connected with major employment and residential nodes around North Hills/Midtown Raleigh, downtown Raleigh and Research Triangle Park.  Carolina Row is currently improved with a 1960s multi-housing community.

The HFF investment advisory team representing the seller consisted of managing director Justin Good, director Sarah Godwin, senior director Allan Lynch and managing director Jeff Glenn.

DENVER, CO – September 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Alexan Uptown, a 372-unit, 12-story luxury apartment tower located in downtown Denver’s highly popular Uptown neighborhood.

The HFF team marketed the asset exclusively on behalf of the seller, Trammell Crow Residential (TCR), and procured the buyer, Equity Residential.  The sale marks Equity Residential’s re-entry into Denver since exiting the market in January 2016.

Alexan Uptown is a 12-story luxury community located at 1935 Logan Street, a core location that positions the property within walking distance to numerous critically acclaimed restaurants, bars and entertainment destinations and adjacent to employers within the Denver CBD.  The transit-oriented property is also steps from bus and light rail service.  Completed in 2017, the property consists of studio, one- and two-bedroom floor plans averaging 771 square feet.  Units are appointed with high-end finishes, including premium cabinetry, quartz countertops, stainless steel appliances, oversized windows, high ceilings, mudrooms, custom closets and balconies.  Community amenities include a resort-style pool and spa offering sweeping views of downtown, Coors Field and the Rocky Mountains; state-of-the-art fitness center with yoga, cross training and spin studios; fifth-floor games lawn; clubhouse; catering kitchen; resident lounge; business center; pet spa; and electric car charging stations.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and director Anna Stevens.

“The offering attracted significant buyer interest due to its prime location in the core, walkable, highly amenitized Uptown neighborhood of downtown Denver,” Robbins noted.