HFF secures $44 million financing for Two City Place in Fort Worth, TX

DALLAS, TX – HFF announced today that it has secured $44 million in financing for Two City Place (top left photo), a 315,225-square-foot, recently renovated office tower in Fort Worth.

Working exclusively on behalf of Spire Realty Group, Inc. HFF placed the five-year, 5.72 percent fixed-rate loan with JP Morgan Chase Bank, N.A.  Loan proceeds were used to acquire the property.  HFF will also service the loan.

Two City Place is located at 100 Throckmorton Street and is part of the City Place development, a 1.2 million-square-foot twin tower landmark formerly called Tandy Center that spans four blocks in Fort Worth’s central business district. 

The property was originally built in 1976 and was fully renovated in 2008.  The Class A office tower is 82 percent leased to tenants including Range Resources and First American Payment Systems.

The HFF team representing Spire Realty Group, Inc. included senior managing director Wally Reid (middle right photo), director Travis Anderson and real estate analyst Corby Chaffin.

Spire Realty Group, LP is a privately-held real estate investment and management company based in Dallas, Texas. The company currently owns and manages a diverse portfolio including commercial office buildings, retail centers, multifamily projects, parking facilities, and land development sites. 

Contacts:

Wallace Reid, HFF Senior Managing Director, (713) 852-3500 

wreid@hfflp.com

Travis Anderson, HFF Director, (214) 265-0880, tanderson@hfflp.com

 Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500. krmurphy@hfflp.com

Rhodes+Brito Architects Commissioned to Design New Gateway Monument to 125th Anniversary of Historical Eatonville

ORLANDO, FL. --- Rhodes+Brito Architects, based in Orlando, was recently commissioned to design the gateway monument that will mark the 125th anniversary of the historic Town of Eatonville.

Maximiano Brito,  co-founder and partner at Rhodes+Brito Architects, said $1.4 million in funding for the project will be provided by the Florida Department of Transportation.

The 60 foot gateway monument will feature a clock and the town seal, Brito said. A custom steel truss supported by brick pilings will span Kennedy Blvd. and welcome visitors to the Town of Eatonville’s historic district.

For more information contact:

Ruffin Rhodes (top right photo), Rhodes+Brito Architects, 407-648-7288 x103 ruffin@rbarchitects.com

Maximiano Brito, Rhodes+Brito Architects, 407-648-7288 max@rbarchitects.com

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 (fax: 4410)

TD Wood Brokers $6.35 Million in Loans for 2 Florida Shopping Centers

SARASOTA, FL, Mar. 21, 2011— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $6,350,000 for Shoppes of Atlantis and Tamarac Center.

Brad Cox (top right photo), Senior Vice President, CCIM, CPM, secured financing for the Shoppes of Atlantis through Thomas D. Wood and Company's correspondent relationship with The Standard in the amount of $3,400,000.

 The borrower needed to refinance his current CMBS loan that had matured.  The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 6%.

 The 70,104 square-foot retail center was built in 1987, and is home to tenants You Fit, Rosalita's Mexican Restaurant, and Atlantis Bar and Grill.  The Shoppes of Atlantis is located at 5805-5949 South Congress Avenue, Atlantis, Florida.

Cox also secured financing for the Tamarac Center with The Standard in the amount of $2,950,000.

 The borrower needed to refinance his current CMBS loans that had matured.  The fixed-rate loan has a term of 10 years, based on a 25-year amortization and an interest rate of 6%.

 The 66,403 square-foot retail center was built in 1982 and is home to tenants American Jewelry and Diamonds and University Fitness.  Tamarac Center is located at 7118-7186 North University Drive, Tamarac, Florida.

The website may be accessed through http://www.tdwood.com/

.For further information, please contact:

Brad Cox, CCIM, CPM (941) 552-9731   bcox@tdwood.com

Jessica Kinnee    (407) 937-0470   jkinnee@tdwood.com

 

Sceptre Hospitality Resources Names Will Loughran VP of Revenue Management & eCommerce Solutions

   

DENVER,  CO,  Mar. 21, 2011—Officials of Sceptre Hospitality Resources, a leading revenue generation and eCommerce firm specializing in the hospitality industry, today announced that Will Loughran (top right photo) has joined the company as vice president of revenue management.

 He is responsible for optimizing top line revenues for the more than 500 Sceptre client hotels through cutting-edge revenue management programs.  

“Revenue management arguably is the most complex and fastest changing component of hotel operations,” said Bill Linehan, (middle left photo) Sceptre’s chief operating officer. 

 “With the industry recovering at a steady pace, top-line revenue gains are critical, especially an improving room rate.

“ Will is a key addition to our team, bringing more than 20 years marketing and revenue management experience at the property, regional and corporate levels. 

“We will continue to add significantly to this department as we build on our competitive advantage of being the only ‘one-stop shop’ that provides a full range of sales and marketing services worldwide.”

Previously, Loughran was vice president of revenue for Sage Hospitality Resources, where he was responsible for the highest market share gains and performance in company history.  Prior to Sage he spent 17 years with Marriott Corporation rising to market and area leadership roles in sales and revenue management.

Additional information about Sceptre and hospitality industry marketing trends and tools may be found at the company’s website:  http://www.esceptre.com/

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 Contact:  Jerry Daly, Patrick Daly or Chris Daly, (703) 435-6293