Wednesday, March 9, 2011

HFF closes sale of suburban Minneapolis multi-housing community

Hampshire Hill in Bloomington, MNCHICAGO, IL –HFF has closed the sale of Hampshire Hill Apartments (top left photo), a 534-unit multi-housing community in Bloomington, a southwestern suburb of Minneapolis, Minnesota.

HFF marketed the property on behalf of the seller.  Westdale Investment Partners, LLC was the purchaser of the community.

Located at 10660 Hampshire Avenue South, Hampshire Hill Apartments is close to Interstates 35 and 494, Highway 169 and the Minneapolis St. Paul International Airport in Bloomington. 

The 95 percent occupied property has seven three-story buildings with studio, one- and two-bedroom units averaging 980 square feet each.

  Community amenities include a clubhouse, pool, business center, fitness center, dry cleaning service, car wash facility, dog park and walking/biking trails.  Each building includes heated underground parking.

The HFF team was led by executive managing director Matthew Lawton and managing directors Sean Fogarty and Marty O’Connell.

Westdale Investment Partners, LLC (formerly Redwood Capital Partners) currently owns and operates eight properties totaling more than 4,100 units in various markets throughout the Midwest, Southeast and Southwest.

Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

NAI Realvest Negotiates New and Renewal Leases totaling 3,875 square feet of industrial space at Hanging Moss and Carter CommerCenters in Orlando area.

Hanging Moss CommerCenterORLANDO, FL – NAI Realvest negotiated two industrial lease agreements totaling 3,875 square feet at the Hanging Moss CommerCenter (top left photo) in Orlando and  at Carter CommerCenter in Winter Garden.

 Michael Heidrich, principal at NAI Realvest brokered both transactions on behalf of the landlords. 

 EuroCar Clinic, Inc. signed a new lease for suite 120 with 2,000 square feet at 6148 Hanging Moss Rd. in the Hanging Moss CommerCenter.   Maitland-based COP-Hanging Moss, LLC is the landlord.   Kevin G. Dinneen represented the tenant. 

In Winter Garden, Heidrich brokered a renewal lease for 1,875 square feet at Carter CommerCenter.  Sundax Florida, Inc., a designer and manufacturer of specialized awards, trophies and corporate gifts, is the tenant in suite 180 at 890 Carter Rd.   COP-Carter LLC is the landlord.

For more information, contact

Michael Heidrich, Principal, NAI Realvest 407-875-9989 or
Patrick Mahoney, President, NAI Realvest 407-875-9989,
Beth Payan, Larry Vershel Communications 407-644-4142

Jones Lang LaSalle Completes Office Lease Extension for Health Net in Huntington Beach

7755 Center Avenue HUNTINGTON BEACH, CA., Mar. 9, 2011 — Jones Lang LaSalle represented Health Net in a five-year lease extension at 7755 Center Avenue, a 193,000-square-foot, Class A office building located within The Towers of Bella Terra in Huntington Beach.  .

Jones Lang LaSalle Executive Vice President Wade Clark, in conjunction with Cara Trani and Jason Goff from Jones Lang LaSalle’s Sacramento office, represented Health Net in the transaction.  The property owner, Bella Terra Office JV, LLC, was represented by Rich Essen of Orion Property Partners.

“We were able to secure an extended lease for Health Net within their current building allowing it to maximize spatial efficiencies and take advantage of the current market conditions,” said Clark.

Contact:  David Ebeling, Ebeling Communications, (p) 949.861.8351, (c) 949.278.7851,