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.

DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 1600 Glenarm Place, an iconic, mixed-use high-rise located on the 16th Street Mall in downtown Denver, Colorado.

The HFF team marketed the asset exclusively on behalf of the seller, a joint venture between RedPeak Properties and Allstate Investments, and procured the buyer, Northland Investment Corporation. The tower was purchased along with a 0.77-acre land parcel for future development located at 14th & Glenarm.

1600 Glenarm Place was originally constructed in 1967 as an office tower known as the Security Life Building and was subsequently converted in 2006 by RedPeak Properties into one of downtown Denver’s first and most prominent residential and retail mixed-use projects.  The building comprises 333 luxury apartment units and approximately 29,000 square feet of commercial space, including premium frontage along Denver’s 16th Street pedestrian mall.  The 31-story building has a WalkScore® of 96 and is within walking distance of nearly 40 million square feet of office space and two blocks of light rail access.  The residential units average approximately 980 square feet in a range of studio, one-bedroom, two-bedroom and penthouse layouts.  Resident amenities include an outdoor terrace with barbecue grills and fireplace, state-of-the-art fitness center with Fitness on Demand and a yoga/Pilates studio, demonstration kitchen, cyber lounge, conference room, movie theatre, game room, resident library and reading room, valet parking, 24-hour concierge service and door-to-door room service from Earl’s Restaurant on the property’s ground floor.  

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

“1600 Glenarm is a one-of-a-kind, legacy asset within the downtown Denver market and by far one of the most recognizable assets in the area,” Robbins said.  “RedPeak was extremely forward-looking in 2006 with its conversion from office space into a mixed-use residential and retail building, which has allowed 1600 Glenarm to maintain its prominent image within the market since its completion.” 

“Northland recognized the irreplaceable nature of this asset, which marks their entry into the Denver market," Robbins continued.  “This, coupled with their ability to implement an aggressive value-add strategy, will only serve to further the property’s position within downtown.”

LOS ANGELES, CA – July 23, 2018 – HFF announces $66.08 million sale of The Andalucia, a newly built, 118-unit, resort-style multi-housing community in Pasadena, California.

The HFF team marketed the property exclusively on behalf of the seller, a joint venture between Mack Real Estate Development LLC, Mill Creek Development, Pacifica Capital Investments, LLC, ARKA Properties and their capital partner. The property was purchased by a private foreign investor.

The Andalucia is located at 686 East Union Street in Pasadena’s coveted Playhouse District a short walk to the boutiques and restaurants situated along Colorado Boulevard.  Completed in 2017, the property’s design reflects the city’s timeless Spanish architecture and encompasses approximately 7,500 square feet of ground-floor retail in addition to the 118 studio, one- and two-bedroom flat and townhome-style units.  The six-story, podium-style building has 11 affordable units and community amenities, including a rooftop lounge, outdoor community lounge, fitness center, clubhouse and secured underground parking.

The HFF investment advisory team representing the seller included managing director Blake Rogers and senior managing director Sean Deasy.

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.”