TAMPA, FL – July 30, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of St. Johns Lofts, a newly built, 175-unit apartment community in the Central Florida community of Sanford.

The HFF team marketed the property on behalf of the seller, Inland Atlantic Seminole Multifamily, LLC, a solely owned entity of Inland Atlantic Development Corporation.  NM Residential purchased the unencumbered asset.

Completed in 2017, St. Johns Lofts is located just east of Interstate 4 at 1840 Rinehart Road in Sanford, which provides easy access to the nine-million-square-foot Lake Mary/Heathrow office market and access into downtown Orlando within 20 miles.  The four-story property consists of a mix of one- and two-bedroom units.  Community amenities include a saltwater pool, outdoor kitchen, outdoor lounge areas, dog park, bocce ball court, fitness center and clubhouse with Wi-Fi and coffee bar.

The HFF investment advisory team included senior managing director Matt Mitchell, director Zach Nolan and analyst Tyler Swidler.

“St. Johns Lofts was designed to be affordable for renters with efficient floor plans averaging 786 square feet and rents of $1,053 at the time of marketing,” Mitchell said.  “The property filled a void in the market and leased up in just three months.”

CHICAGO, IL – July 27, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $20.95 million in financing for the development of 42 luxury apartment units at Norweta Row in Chicago’s Lincoln Park neighborhood.

The HFF team worked on behalf of Broder to secure the construction loan through Citizens Bank.  Norweta also includes 31 for-sale condominium units that share amenities with the apartments, but were not part of the collateral for this loan.

Norweta Row will be located at 2611 North Hermitage southeast of the intersection of W. Diversey Parkway and N. Clybourn Avenue in Lincoln Park.  The apartment phase of the project is due for completion in the spring of 2019 and will encompass a four and a half-story building with 42 rentable apartment units totaling 79,000 square feet.  The 31 for-sale condominium units will total 83,900 square feet. Both phases of the project will be constructed to LEED Platinum specifications and will include smart-home technology, pre-wired surround sound, hardwood floors, quartz countertops, Sub-Zero refrigerators and Wolf appliances, and full-size washers and dryers.  Community amenities will include nearly an acre of outdoor space, a resort-style pool, fire pit, outdoor dining and grilling area, private courtyards, 30-foot sport court, pet concierge service, dog wash station and electric car charging stations.

The HFF debt placement team representing the borrower included director Christopher Knight and managing director Greg LaBine.

“Norweta Row’s attention to detail, thoughtful unit layouts and breadth of amenities in the highly desirable Lincoln Park neighborhood is unique to the market and will be very well received by renters and buyers alike,” Knight said.  

SEATTLE, WA – July 26, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for The MARQ on Martin, a newly completed, 248-unit garden-style multi-housing community in Lacey, Washington.

The HFF team worked on behalf of Security Properties to secure the 10-year, fixed-rate loan with five years of interest only through Freddie Mac’s CME – Lease-Up 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.

The MARQ on Martin comprises studio, one- and two-bedroom apartment homes featuring modern finishes and amenities, including stainless steel appliances, in-unit washers and dryers, and walk-in closets.  In addition, common area amenities include a swimming pool, spa, sundeck and lounging area, courtyard with fire pit and ping pong, outdoor dining and grilling area, 24-hour fitness center, clubhouse with fireplace and billiards and entertainment kitchen.  Completed earlier this year, the community is located at 8545 Litt Drive SE to the south of Interstate 5 and approximately eight miles northeast of Olympia’s CBD.

The HFF debt placement team representing the borrower included senior managing director Charles Halladay, director Scott Gilson and analyst Robert Bova.

“This deal qualified for Freddie Mac’s Lease-Up Program, which is a very competitive product in the market,” Gilson said.  “This loan structure allowed the borrower to close on the acquisition with an aggressive rate prior to the property reaching stabilization.”

AUSTIN, TX – July 26, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $118.5 million in financing for The Forum Fitzsimons, a mixed-use residential and retail property in the Denver, Colorado, suburb of Aurora.

The HFF team worked on behalf of a joint venture between Catalina Development Company, The Pollin Group and Sightway Capital to secure the five-year, floating-rate loan through a specialty finance company.  Loan proceeds were used to replace the existing construction financing, which HFF arranged on behalf of the development team in 2015.

The Forum Fitzsimons is located at 13650 East Colfax Avenue adjacent to the 578-acre Anschutz Medical Campus and Fitzsimons Life Science District and across from the RTD Colfax light rail station, which provides direct access to downtown Denver, Denver International Airport, and Denver’s southern and western suburbs and employment hubs.  The four-story, wrap-style property includes 397 luxury apartment homes, 28,640 square feet of ground-floor retail space and more than 15,000 square feet of upscale amenities, including two resort-style pools and spas with outdoor fireplaces and grilles; clubrooms with a theater and game room; a state-of-the-art fitness facility with specialized yoga and cycling rooms; an internet café and business center; a dog washing facility and two bark parks; a bike shop; storage facilities; and a six-story, gated parking structure.

The HFF team representing the borrower included senior director Chris McColpin and managing director Josh Simon.

FLORHAM PARK, NJ – July 25, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $17.65 million sale of Columbus Park Apartments, a six-story, 37-unit apartment property in Hoboken, New Jersey.

The HFF team marketed the property exclusively on behalf of the seller.  Spirit Bascom Ventures purchased the property free and clear of existing debt.

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 investment advisory team representing the seller included senior director Steve Simonelli, managing director Kevin O’Hearn, senior managing director Jose Cruz and senior director Michael Oliver.  This is the team’s second closed deal in Hoboken in the last three months.  The HFF team worked on this transaction in conjunction with James Giaccio and Kevin Helinski of The Chelsea Group.

“The strength of the Hoboken rental market continues to attract aggressive capital,” Simonelli stated.  “The property was highly sought after due to the irreplaceable location along with clear upside in the rents.”

CHARLOTTE, NC – July 25, 2018 – HFF announces the sale of a 37.94-acre land site within University Research Park in Charlotte, North Carolina.

The HFF team marketed the property on behalf of the seller, Crescent Communities.  Mattamy Homes purchased the site free and clear of existing financing.

The property is located along Governor Hunt Road to the east of Interstate 85 in the 3.5 million-square-foot University Research Park, which is the region’s second largest employment center and home to some of the region’s fastest-growing financial services, energy, technology and healthcare employers.  The property was rezoned for residential use prior to sale, and the new owner plans to develop a townhome community on the site.

The HFF investment advisory team representing the seller consisted of senior director Hunter Barron, director Sarah Godwin and managing director Justin Good.