Sanford City Commission Names Ball, Bowlin to Sanford Airport Authority Board to Oversee Orlando Sanford International Airport

 SANFORD, Fla. --- The Sanford City Commission recently appointed Sanford residents Tom Ball (top left photo) and Henry Bowlin (middle left photo) to four-year terms on the Sanford Airport Authority Board.

 Ball is a longtime area commercial real estate professional. Bowlin is an executive at Century Link.

 Larry Dale (lower right photo), president of Orlando Sanford International Airport, said Ball and Bowlin will replace William Miller, who served as a member of the Sanford Airport Authority Board for 18 years, and John Williams, a member of the board for eight years.

  “William Miller helped usher in a new era at Orlando Sanford International Airport,” Dale said.

 Miller played an instrumental role in the development of regular scheduled passenger service at the airport and construction of both airport passenger terminals, Dale explained.

Both Miller and Williams helped lead the effort to extend Runway 9R-27L and develop the airport’s parking garage, along with numerous other capital projects on the airfield and in the Airport Commerce Park, Dale said.

 For more information, please contact:

Diane Crews, VP of Administration, Sanford Airport Authority, 407-585-4010

Larry Dale, President, Sanford Airport Authority; 407-585-4002

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

NAI Realvest Negotiates Industrial leases at Commerce Centers in Orlando and DeBary, FL totaling 10,000 SF+

 MAITLAND, FL– NAI Realvest recently negotiated two industrial leases for a total of 10,120 square feet at the Hanging Moss CommerCenter (bottom left photo) in Orlando and at Springview CommerCenter in DeBary.

 Michael Heidrich (top right photo), principal in the firm, negotiated a lease for 6,200 square feet at Suite 100 6148 Hanging Moss Rd. representing the landlord COP-Hanging Moss, LLC of Maitland.   The tenant is Florida Injury and Rehabilitation Centers, Inc.

 Heidrich also represented Shockley Group, Inc. the landlord in a lease at 210 Springview Commerce Drive at Springview CommerCenter in DeBary.  The tenant Ricky Ramirez leased Unit 110 with 3,920 square feet at the facility.

 For more information, please contact:

Michael Heidrich, Principal, NAI Realvest 407-875-9989 mheicrich@realvest.com

Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com

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

Florida REO Managers awarded contract to manage foreclosed St. Petersburg apartment community, more expected

ORLANDO, FL--  Florida REO Managers, Inc. (www.floridareomanagers.com), an affiliated company of Realty Marketing Associates, based in Orlando, was recently awarded a contract to manage Oak Clair Apartments, a 32-unit St. Petersburg rental community owned by City National Bank of Los Angeles.

Ron Schwartz (top right photo), principal at Florida REO Managers, said he formed the new company to meet demands for local and statewide management and court appointed receivers of residential apartments and commercial properties that have been by out-of-state lenders in foreclosures.

Already, Florida REO Managers has been assigned 10 properties by the courts or the lenders in areas from Vero Beach to Ft Walton Beach and from the Atlantic to the Gulf of Mexico.

“We work with out-of-state lenders and attorney’s who have taken back Florida properties, or who need a receiver to make sure that the borrower’s property continues to be maintained properly during the sometimes lengthy foreclosure process,” Schwartz said.

“In today’s real estate market it is imperative that the bank REO properties take good care of their tenants as well as their properties, and many lenders are based in other states,” Schwartz explained.

“They need a Florida based management representative and we have more than 30 years of experience managing and operating residential apartments and commercial properties,” Schwartz said.

 Schwartz said he expects a wave of new business as more properties enter the foreclosure process.

“Residential apartments and commercial property foreclosures have been overshadowed by the single family foreclosures problem, but a wave of apartments and commercial property foreclosures is headed our way,” Schwartz said.

Kevin Kellehe (lower right photo)r with Franklin Street Real Estate Services, a Tampa real estate broker, was awarded the listing of the St Petersburg property for sale.

Recently, Florida REO Managers completed a Titusville project as a court appointed receiver and REO manager that was awarded to them by Crown North, a service corporation in Jacksonville, and a Brevard County court.

 “We’re getting calls from lenders and attorneys on a daily basis,” Schwartz said. “This is a big story that will have major implications for Florida’s economy."

For more information, please contact:

Ron Schwartz, Principal, Florida REO Managers, Inc. 407-342-3648 (direct)

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Women’s Healthcare of Orlando to open in Avalon Park

 ORLANDO, FL. --- Avalon Park Group recently negotiated a long term lease with Women’s Healthcare of Orlando for 1,795 square feet of professional office space at 3701 Avalon Park Blvd. West in downtown Avalon Park off Alafaya Trail in east Orlando.

 Stephanie Hodson, marketing coordinator for Avalon Park Group, said Dr. Ingrid Dunn (top right photo) , an OB/Gyn physician, will open her practice in mid December in suite 230 of the Keith A. Ewing Medical Office Building.  

 Hodson said Dr. Dunn has clinical privileges at Florida Hospital and Winter Park Memorial Hospital. 

 Dr. Dunn is a member of the American Medical Association and American College of Obstetricians and Gynecologists. 

Beat Kahli (lower left photo) is founder and owner of Avalon Associates. 

 For more information, please contact:

Stephanie Hodson, Marketing Coordinator, Avalon Park, 407-658-6565

Beat Kahli, Founder/Owner Avalon Associates 407-658-6565 

Larry Vershel or Beth Payan, LV Communications, 407-644-4142

Arbor Closes Two Chicago Fannie Mae DUS® Small Loans Totaling $3,307,500

Uniondale, NY (Oct. 14, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans under the Fannie Mae DUS® Small Loan product line. These loans include:

 Woodlawn Apartments, Chicago, IL (top left photo) – The 51-unit complex received $1,297,500 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 26-year schedule.

Drexel Apartments, Chicago, IL (middle right photo) – The 56-unit complex received $2,010,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

The loans were originated by Michael Jehle (bottom left photo), Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI, lending office.

 “The owners were looking for long-term, fixed-rate loans to refinance their existing debt coming due and provide some cash out if possible,” Jehle said. “We were able to satisfy their needs on both fronts in a very timely manner.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

Latino Hotel Association Forms Alliance with STR to Provide Data to Members

            HOUSTON, TX—The Latino Hotel Association (LHA), a newly formed global organization dedicated to expanding Latino ownership, leadership and commerce in the hotel industry, today announced that it has formed a strategic alliance with STR, the hotel industry’s leading data provider. 

            Under terms of the agreement, LHA members will provide historical operating data from their hotels to STR, and LHA members will receive special pricing for a variety of STR products.  “This is the win-win situation for LHA and for the hotel industry,” said Angela Gonzales-Rowe (top right photo), president and founder of LHA. 

             “Our members will benefit from greater access to market intelligence, and as we grow internationally we will provide STR with data they might not otherwise have obtained.”
         The Latino community on a global basis is a major force in the hotel industry,” said Amanda Hite, STR’s chief strategy officer.

           “While our initial focus with LHA will be in the U.S. & Mexico, South and Central America have tremendous long-term growth potential as their economies expand and hotels, especially international brands, gain more traction.  This relationship with LHA members will allow us to add greater depth to our database, and we look forward to expanding our relationship with them.”

Headquartered in suburban Houston, LHA is a worldwide, non-profit association dedicated to increasing Latino participation in the hospitality industry, to include ownership, leadership and commerce. 
 The organization provides education, international and regional conferences and networking opportunities with the leading hotel companies in the world.  Additional information is available at the association’s website, http://www.latinohotelassociation.org/.

Contact: Jerry Daly, Chris Daly, Daly Gray Public Relations, (703) 435-6293, jerry@dalygray.com

             

HFF secures $10 million permanent financing for 3000 Park Lane Office Building in Pittsburgh

PITTSBURGH, PA – The Pittsburgh office of HFF (Holliday Fenoglio Fowler, L.P.) has secured $10 million in permanent financing for 3000 Park Lane Office Building, (top left photo) a 105,315-square-foot office building in Pittsburgh, Pennsylvania.

HFF managing director Claudia Steeb in cooperation with the Los Angeles office of Marcus & Millichap, worked on behalf of The Matteson Companies to secure the 10-year, 4.89% fixed-rate loan through One America, an HFF correspondent lender.  Loan proceeds were used to acquire the property. 

 The property is located at 3000 Park Lane Drive just off Interstate 376 (the Parkway West), at the edge of the major retail development in Robinson Township, which includes a regional mall as well as restaurants, hotels and other service providers.

 3000 Park Lane Office Building is fully leased to Connecticut General.  Originally constructed in 1991, the property recently underwent a major renovation to meet “green building” certifications. 

“As a lender, One America does a magnificent job in providing financing for single tenant properties at highly competitive interest rates,” said Steeb. 

The Matteson Companies are a group of affiliated entities engaged in real estate investment, development and management, headquartered on the San Francisco Peninsula with operations in diverse western United States markets.

 This is their first acquisition east of the Mississippi, and they are seeking other single tenant opportunities throughout the United States.

Contacts:        

Cllaudia A. Steeb, HFF Managing Director, (412) 281-8714, csteeb@hfflp.com

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

Hunter Realty Brokers Sale of Holiday Inn & Suites-Front Royal, Va. Sale

 WASHINGTON, D.C., October 13, 2010—Hunter Realty, a leading national hotel investment advisory firm, today announced that it brokered the sale of the Holiday Inn & Suites, Front Royal, Va. at 111 Holiday Drive.

 The two-year-old property is a new Holiday Inn & Suites prototype and was purchased by Jericho, N.Y.-based Navika Capital Group, LLC for an undisclosed price.

The award-winning 124-room property has ranked consistently in the brand’s top three hotels nationally in overall guest satisfaction.

  Located near Skyline Drive and the Blue Ridge Parkway, the hotel features mountain views, a Houlihan’s Restaurant + Bar, indoor pool and approximately 5,000 square feet of meeting space. 

Kyle Stevenson (top right photo) of Hunter Realty’s Washington D.C office managed the transaction.

  “We had a high level of interest and a multitude of offers presented by investors interested in acquiring the hotel,” he said.  “We believe this reception from buyers indicates a significant amount of pent-up demand for quality hotels in excellent condition.” 

  “We see a slow but steady increase in listings, which is further evidence that hotel real estate continues to recover,” said Teague Hunter, (top left photo)  President of Hunter Realty. 

“All seven of our offices nationwide report strong buyer interest and an improving lending environment.”

Contact: Patrick Daly, Jerry Daly,  media, (703) 435-6293, patrick@dalygray.com

Hersha Hospitality Management Rounds Out Executive Management Team

PHILADELPHIA, PA Oct. 13, 2010—Hersha Hospitality Management (HHM), a leading independent hotel management company that operates more than 70 upper upscale, upscale and midscale U.S. hotels, today announced that it has added two highly regarded, seasoned hoteliers with more than 50 years of combined award-winning experience to its executive team.

 Gregory Ade  (top right photo) joins as executive vice president of operations and Erik McDonald (middle left photo), CSHP, as executive vice president of sales and marketing; both individuals will report to Michael Murray, HHM’s chief operating officer. 

 “We set out five years ago to transform HHM into the operator of choice for institutional capital in the lodging sector,” said Naveen P. Kakarla (lower right photo), HHM’s president and chief executive officer.

 “We have built our expertise in urban markets, expanded into the full-service and lifestyle arenas and now have in place an entrepreneurial company with the platform, flexibility, financial capacity and senior level bench strength to capitalize on our growth potential,” Kakaria said.

 “These important additions, along with our existing team’s experience with high quality assets and innovative service delivery, provide us with a comprehensive organization that will compete at the elite level and help us carry out our plan to double in size over the next several years.

“Both Ade and McDonald have in-depth experience in managing for institutional investors in urban and key suburban markets on a national basis, as well as strong franchise relationships with the premier brands,” he noted. 

“We have a robust management pipeline with existing and potential capital partners and are nearing the completion of a number of transactions.”

Ade will be responsible for HHM’s growing portfolio in New York City, along with further building out the company’s full service platform and focus on best in class guest satisfaction. 

He also will review the company’s full-service capabilities and help enhance its infrastructure through training, recruiting and his in-depth relationships with major institutional investors.

McDonald brings more than two decades of sales and marketing experience to HHM.  He will oversee the company’s national and regional sales teams, as well as the company’s revenue management and e-commerce operations.

Additional information about HHM may be found at http://www.hershahotels.com/

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Contacts:

Julie Tullbane, Daly Gray, Inc., T 703-435-6293, F 703-435-6297

julie@dalygray.com

Naveen P. Kakarla, Hersha Hospitality Management, President and CEO Ph: (215) 238-1046

Chatham Lodging Trust Closes Secured Line of Credit

 PALM BEACH, FL—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium branded select-service hotels,  announced that it successfully closed on its $85 million revolving secured line of credit. 

The credit facility carries a three-year term and an interest rate of LIBOR plus a margin based on the company’s leverage ratio; at levels less than 30 percent the margin is 325 basis points, subject to a LIBOR floor of 1.25 percent.

 Subject to certain conditions, the line of credit has an accordion feature that provides the company with the ability to increase the facility to $110 million.

Participating lenders for the secured line of credit include Barclays Capital, Regions Capital Markets, Credit Agricole Corporate and Investment Bank, UBS Securities and US Bank National Association.

 Barclays Capital and Regions Capital Markets acted as joint lead arrangers, Barclays Bank PLC as administrative agent, Regions Bank as syndication agent, with Credit Agricole Corporate and Investment Bank, UBS Securities and US Bank National Association acting as co-documentation agents. 

“We have an active acquisition pipeline and this credit facility provides us added flexibility to continue to selectively acquire hotels,” said Dennis M. Craven, Chatham’s chief financial officer.

 “We appreciate the support of our lenders as we continue to build Chatham into a premier owner of upscale extended-stay and premium branded select-service hotels.”

Additional information about Chatham may be found at http://www.chathamlodgingtrust.com/.

 Contact:   

Jerry Daly, Carol McCune, (Media ), Daly Gray Public Relations, (703) 435-6293, jerry@dalygray.com

Dennis Craven) (Company) Chief Financial Officer, (561) 227-1386                

dcraven@cl-trust.com

                        

Mercantile Capital Corp. Provides Commercial Real Estate Loan in Oviedo, FL

ALTAMONTE SPRINGS, FL– Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for RJK Consulting Services, LLC, dba AOK Networking, LLC.

AOKNetworking provides corporate IT managed services for small to medium businesses as a high-quality alternative to obtaining in-house IT resources, and offers complete technology solutions from leading hardware and software vendors such as Apple, IBM, VMware, and Microsoft.

 Their clients use AOK’s managed service programs (Proactive Care) as their complete IT strategy to reduce operating costs, improve productivity and minimize unexpected costs.

 “I am very pleased with Mercantile Capital Corporation,” stated owner, Bob Knoerzer (top right photo).

 “We were able to obtain excellent financing with great terms.  MCC’s extensive experience processing SBA loans enabled me to continue running my business rather than get bogged down with the process of obtaining a loan.

“I was impressed by the knowledge and efficiency of their staff, and their team made this purchase happen for me on a very tight timeline.” 

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like AOK Networking, LLC have an opportunity to create wealth and financial freedom.  

Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Bob, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

 For more information, visit http://www.thesmartchoiceloan.com/

 and http://www.504blog.com/

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Contacts:

Chris Hurn, Mercantile Capital Corporation, 407-786-5040

Robin Lashley, Mercantile Capital Corporation, 407-786-5040

 Mercantile Capital Corporation Provides Commercial Real Estate Loan in Orlando, FL Worth Over $5.7 Million

 ALTAMONTE SPRINGS, FL./ Oct. 12 – Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed a commercial loan for Quest Airport Hotel, LLC, dba Ramada Suites Orlando International Airport (middle right photo) recently for $5,777,000 in total project costs.

 This loan allows owner, Dinyar Mehta to purchase and renovate an existing 128-suite AmeriSuites Hotel (lower left photo), which will be converted to Ramada Suites, located at 7500 Augusta National Drive.

 “Mercantile Capital Corporation was very easy to work with and helped me close my loan very quickly,” said owner, Dinyar Mehta.

 “Particularly in this current banking environment, it was fantastic to find a lender willing and able to help.  We are off to a great start due to the expedited processing that Mercantile was able to provide.” 

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Ramada Suites Orlando International Airport, have an opportunity to create wealth and financial freedom.

  Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Dinyar Mehta, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

 For more information, visit http://www.thesmartchoiceloan.com/

 and http://www.504blog.com/

Contacts:

Chris Hurn, Mercantile Capital Corporation, 407-786-5040

Robin Lashley, Mercantile Capital Corporation, 407-786-5040

PCCP LLC and Lincoln Property Company Announce Joint Venture to Acquire Calabasas Corporate Center in Calabasas, CA

EL SEGUNDO, CA, Oct. 12, 2010 – PCCP, LLC, a full-service real estate investment firm and lender, announced today it has formed a joint venture with Dallas-based Lincoln Property Company to acquire a vacant and newly constructed, 51,654-square-foot two-story Class A suburban office building with two levels of parking within Calabasas Corporate Center (top left photo).

The property is located in Calabasas, Calif. which is within the Conejo valley submarket of the greater Los Angeles office market.

This transaction provided PCCP with the opportunity to partner with Lincoln Property Company to purchase the building in a short-sale with the existing construction lender for a quarter-end closing. 

The low purchase price will allow the new, well-capitalized ownership to pursue leases that the prior ownership was unable to pursue given its cost basis.

“This transaction is consistent with PCCP’s business model of investing in distressed situations in which the existing ownership’s lack of liquidity and the existing lender’s capital pressure creates an opportunistic situation,” said Greg Galusha (middle right photo), a partner with PCCP.

 “We were able to purchase this property in an off market transaction below market price from a highly motivated seller in an expedited time frame.”

The property, which has never been occupied, was built in 2008 and features a 5.5 per 1,000 parking ratio, 59 percent of which are covered in podium and subterranean parking levels with direct elevator access to the two office floors.

 The building is approximately one-half mile from Las Virgenes Road, making it one of the most convenient office buildings in the Conejo Valley to executives residing in Malibu, which is about a 20-minute drive.

Galusha added: “Given the property’s new construction, covered parking, visibility and proximity to a diverse labor pool, we believe the property should be able to attract mid-size tenants currently seeking Class A office space in the area.”

  PCCP, LLC is a premier real estate private equity firm focused on commercial real estate debt and equity investments. 

 PCCP has over $6 billion under management in multiple closed-end funds and joint ventures with institutional investors. 

With 33 investment professionals and 55 employees across four offices located in New York, San Francisco, Sacramento and Los Angeles, PCCP invests throughout the United States. 

 Learn more about PCCP at www.pccpllc.com.

Contact:  darcie@dagicomm.com

Castleberry Hill Neighborhood in Atlanta Takes Developer’s Land to the Dogs - Literally

  

 ATLANTA, GA – Few could argue that the real estate market has gone to the dogs.  Banks have shuttered due to bad lending practices and hoards of developers have faced foreclosures.  So how does a developer tackle this dog-eat-dog market? 

 If you can’t beat ‘em, join ‘em seems to be the mantra for Castleberry Hill developer Jerry Miller (middle right photo), who donated a two-acre tract of land to the neighborhood for a dog park, set to open Monday, October 18 .

  In the dog days of 2008, Miller had high expectations of building a mixed use development on this tract along the railroad tracks.

He was more than qualified for the task -- as half of Miller Gallman Developers, he helped pioneer the rehabilitation of historic urban buildings throughout the city.

 When Atlanta's stock of historic buildings waned, he turned his attention to neighborhood-compatible infill development, primarily around buildings he had rehabilitated for loft apartments.  Atlanta’s only true art and loft district, Castleberry Hill, was ideal. 

 Yet while the location was right, the timing was not.  Financing for new construction had dried up and Miller was left lying with the dogs.

 In the meantime, the neighborhood was in desperate need of a dog park.  So Miller opted to loan the Castleberry Hill Neighborhood Association the land until the real estate market rebounds. 

 The collaboration proved to be win/win.  The Castleberry Hill Neighborhood Association is fundraising toward a goal of $25,000 to enable off-leash recreation for small and large dogs in two separate play areas.

 The park, set to open on Monday, October 18, and will undoubtedly become an amenity for Miller’s current endeavor, Castleberry Point, an all brick building with soaring windows and an open-air courtyard.

 The access-controlled building features a rooftop swimming pool with sweeping downtown views, rooftop owner’s lounge and a fitness center.  FHA financing and down payment assistance are available, as well as developer-paid closing costs. 

Featured home pricing starts at just $99,900, an unbeatable value in downtown Atlanta.

 To learn more contact LaCressa or Katie in the sales center at 404-688-9900 or visit http://www.castleberrypoint.com/

Contact: Lapidus Public Relations, LizLapidus/ Traci Buch, 404.688.1466

traci@lizlapiduspr.com

Bank Repos Double To 17,200 Properties In South Florida In Q3 2010

  MIAMI, FL--Bank repossessions more than doubled in the tricounty South Florida region in the third quarter of 2010 as lenders took ownership to nearly 17,200 properties, according to a new report from CondoVultures.com.

The number of properties in Miami-Dade, Broward, and Palm Beach counties that were repossessed between July and September of 2010 is more than twice as many on a year-over-year basis as the nearly 8,250 properties that were taken back in the third quarter of 2009, according to the report based on the Condo Vultures® Foreclosure Database™.

"Bank repossessions - also known as REOs - are skyrocketing in South Florida in 2010," said Peter Zalewski (middle right photo), a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC

. "Lenders have taken back just about as many properties in the third quarter of 2010 as were repossessed in the third quarters of 2009, 2008, and 2007 combined. The repossessions are finally starting to flow after several months and years of delays in the court process.

"It is still uncertain what effect the announcement by several large lenders about freezing foreclosure proceedings due to administrative irregularities will have on bank repossessions in South Florida going forward. "

Lenders repossessed 7,100 South Florida properties in the third quarter of 2008 and an additional 3,000 in the third quarter of 2007, according to the report compiled using Clerk of the Court records in Miami-Dade, Broward, and Palm Beach counties.

Contact: Peter Zalewski of Condo Vultures® can be reached at 800-750-0517 or by email at peter@condovultures.com

HFF arranges $10.5 million refinancing for retail center in Rancho Cucamonga, CA

 LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $10.5 million refinancing for Haven Village (top left photo), a 45,697-square-foot retail strip center in Rancho Cucamonga, California.

HFF director Chris Vittetoe (middle right photo) and senior managing director Paul Brindley (bottom left photo) worked on behalf of the borrower to secure the five-year, fixed-rate loan through Ladder Capital Finance. 

The securitized loan refinanced an existing CMBS loan.

Haven Village is located at 6311, 6321, 6331, 6371 Haven Avenue directly off Interstate 210 in northern Rancho Cucamonga.  The property is 83% leased and shadow-anchored by Von’s and Trader Joe’s. 

“Haven Village benefits from being the only retail option north of the 210 Freeway in an affluent neighborhood of Rancho Cucamonga.  The retail center includes strong demand drivers and is highly accessible,” said Vittetoe.

Contacts:

Christopher Vittetoe, HFF Director, (310) 407-2100, cvittetoe@hfflp.com

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