The Most Comprehensive Source for Commercial Real Estate News in the Region 

WASHINGTON, DC — Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $111 million sale of and arranged acquisition financing for Liaison Washington Capitol Hill, a 343-room hotel in the Capitol Hill submarket of Washington, D.C. HFF marketed the property on behalf of the seller, Pebblebrook Hotel Trust. A partnership between Metrovest Equities Inc. and BLDG Management purchased the hotel unencumbered of existing brand and management. Additionally, working

PARSIPPANY, NJ —Transwestern Investment Group (TIG) has sold a 400,127 s/f, class A office building at 300 Kimball Dr. in Parsippany, on behalf of a large national insurance company. The sale follows an expansive capital improvement program which transformed the asset from a single-tenant property into a state-of-the-art, multitenant facility. Fully occupied by the seller until 2013 when renovations began, property improvements included redesigns of the building’s 4,900 s/f

AVENEL, NJ — Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $35.75 million refinancing for a fully leased, 182,154 s/f, class A, state-of-the-art cold storage facility located at 275 Blair Rd. in Avenel. The HFF team worked on behalf of the borrower, a partnership between Advance Realty Investors and Greek Development, to place the 10-year, fixed-rate loan with an institutional lender. Loan proceeds will be used to retire an existing construction loan and return capit

Halstead New Rochelle-New Rochelle, NY Type of Project: Multifamily Renovation and Sale Size: 588 Units HFF represented The DSF Group in the sale of Halstead New Rochelle, which is a 40-story, class A apartment tower in New Rochelle, NY, to the buyers, Azure Partners and Harbor Group International, LLC. Halstead New Rochelle Metro North was completed in 2007 and comprises a mix of 95% occupied, market-rate studio through three-bedroom units averaging 956 s/f. The transit-ori

Chestnut Hill Village/Blossom Row-Philadelphia, PA Size: 821 Units Brokers: Mark Thomson, Jose Cruz, Carl Fiebig & Fran Coyne Chestnut Hill Village and Blossom Row are situated on 45 acres surrounding Market Square in the historic Chestnut Hill submarket of Philadelphia. The properties are 96 percent occupied overall. Goldman Sachs Asset Management Private Real Estate purchased the property free and clear of financing. #HFF #LARGESTMULTIFAMILYSALE #PHILADELPHIAPA #CHESTNUT

EAST HANOVER, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of Eagle Rock Executive Office IV, a 178,000 s/f, class A office building in East Hanover. HFF represented the seller, Boxer Property, in the transaction. Ramapo, New York-based Northeast Capital Group purchased the asset. Eagle Rock Executive Office IV is located at 120 Eagle Rock Ave. just off I-280 in Northern New Jersey’s Essex County. Situated within a three-building office park, the three-story

WASHINGTON, DC — Holliday Fenoglio Fowler, L.P. (HFF) announces the $135 million financing for two new, build-to-suit, class A industrial buildings fully leased to Under Armour and Amazon.com and totaling 2.2 million s/f within the Tradepoint Atlantic multimodal industrial project in the Baltimore-area community of Sparrows Point, MD. The HFF team worked on behalf of the borrower, Tradepoint Atlantic, to place two separate, non-recourse loans with Allianz Real Estate, inclu

EAST NORRITON, PA —Holliday Fenoglio Fowler, L.P. (HFF) announced the $12.35 million sale of Norriton Medical Center, a 74,212 s/f medical center anchored by Einstein Orthopedics and Moss Rehab in the Philadelphia suburb of East Norriton. The HFF team represented the seller, an indirect wholly owned subsidiary of Franklin Realty Development Corporation. Located in Greater Philadelphia, Norriton Medical Center is ideally situated directly in the shadow of the area’s largest

TOTOWA, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced the $51 million sale of 700 Union Blvd., a 382,596 s/f, newly constructed industrial building in the Northern New Jersey community of Totowa. The HFF team marketed the property on behalf of the seller, The Hampshire Companies. The property was marketed along with a $146.85-million, six-building industrial portfolio totaling 1.2 million s/f in Northern New Jersey, the sale of which was closed by HFF in 2017. Situa

PHILADELPHIA, PA — HFF announced the sale of 1400 Atwater Dr., a 299,809 s/f, class A office building in the Philadelphia-area community of Malvern. The HFF team represented the seller, Gramercy Property Trust. Equus Capital Partners, LTD purchased the asset. 1400 Atwater was marketed in conjunction with a portfolio of office assets located in Florida, Illinois, New Jersey, North Carolina, Ohio, Tennessee and Texas. 1400 Atwater Dr. is positioned on a 24.84-acre site overlo

VIENNA, VA — Holliday Fenoglio Fowler, L.P. (HFF) announces $156.2 million in financing for Modera Avenir Place, a best-in-class residential property in Vienna. The HFF team worked on behalf of the borrower, a joint venture between Mill Creek Residential Trust LLC and institutional investors advised by J.P. Morgan Asset Management, to secure the floating-rate loan with MetLife Investment Management. Loan proceeds were used to retire existing construction financing. Modera A

PHILADELPHIA, PA — Holliday Fenoglio Fowler, L.P. (HFF) announces the $42.5 million sale of Stone Rise, a 216-unit, class A multi-housing community in the Philadelphia suburb of Glenmoore. The HFF team marketed the asset on behalf of the seller, an indirect wholly owned subsidiary of Preferred Apartment Communities, Inc. FPA Multifamily, LLC purchased the offering free and clear of existing financing. Stone Rise is located 900 Selwyn Place in affluent Chester County. Constr

PHILADELPHIA, PA — Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for a two-property, transit-oriented apartment portfolio totaling 821 units in the historic Chestnut Hill submarket of Philadelphia. The HFF team marketed the portfolio on behalf of the seller. Goldman Sachs Asset Management Private Real Estate (GSAM PRE) purchased the offering free and clear of existing financing. Additionally, HFF’s debt placement team worked on the new owner’s beh

TYSONS, VA — Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing for Greensboro Park, a two-building office portfolio totaling 505,085 s/f in Tysons. The HFF team worked on behalf of the borrower, Velocis and Altus Realty, to secure the five-year, floating-rate loan through JP Morgan Chase & Company. Loan proceeds were used to acquire the property. Greensboro Park is located at 8180 and 8200 Greensboro Drive in the Northern Virginia submarket of Tysons.

PITTSBURGH, PA — Lionstone Investments and Walnut Capital announced their recent acquisition of the Pittsburgh Athletic Association clubhouse on behalf of institutional investors. Completed in 1911, the five-story building sits on a three-quarter-acre site at Fifth Ave. and Bigelow Blvd. Plans for the property include restoration of the exterior façade and well as complete interior renovations and updates. The property is centrally located in Pittsburgh’s new Oakland Innovat

What is your most notable project, deal or transaction? I have been fortunate to work on many very large transactions, but the one most notable personally was selling the shopping center I can walk to from my house in Chester, Chester Springs Shopping Center. I still speak to the new owners regularly about what people in the area are looking for in the center. So it was a notable personal transaction. How do you contribute to your company and / or the industry? I think it

BETHLEHEM, PA — Holliday Fenoglio Fowler, L.P. (HFF) announces the more than $30 million sale of a 71-building/383-bed, scattered-site student housing portfolio at Lehigh University in Bethlehem. The HFF team marketed the property on behalf of Campus Apartments. A private investment vehicle managed by Hong Kong-based Beacon Assets purchased the property free and clear of existing debt. The 71 properties within the portfolio have prime ‘walk to campus’ locations and incredib

PHILADELPHIA, PA — Holliday Fenoglio Fowler, L.P. (HFF) announced the $55.25 million sale of and the $50.4 million acquisition financing for MacArthur Commons, a 371,886 s/f, fully leased, grocery-anchored power center in the Lehigh Valley of Pennsylvania. The HFF team marketed the property on behalf of the seller. An affiliate of Abrams Realty & Development purchased the asset free and clear of existing debt. Additionally, working on behalf of the new owner, the HFF team s

BETHESDA, MD — Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of Flats at Bethesda Ave., a trophy mixed-use residential and retail property located in the heart of Bethesda. The HFF team marketed the property on behalf of the seller, a joint venture between StonebridgeCarras, PN Hoffman, Buvermo and Northwestern Mutual, and procured the buyer, a fund managed by BlackRock Real Assets. The HFF team representing the seller included Stephen Conley, a licensed Maryland

Hoboken, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Rivington, a 240-unit, luxury apartment community in Hoboken. This transaction represents the largest apartment sale in New Jersey in 2018.The HFF team marketed the property on behalf of institutional investors advised by J.P. Morgan Asset Management. Equity Residential purchased the property free and clear of existing debt.The Rivington is situated at 1130 Grand St. in the heart of the dynamic north