Tuesday, March 15, 2016

NAI Realvest Negotiates Two Leases at County Line Suites in West Orange County, FL

Michael Heidrich
ORLANDO, Fla. – NAI Realvest recently completed two lease agreements for a total of 4,800 square feet of industrial space at Countyline Suites, 940 W. Oakland Ave., Oakland, Fla. in West Orange County.

Michael Heidrich, a principal at NAI Realvest and Associate Patty Nolff negotiated the leases – each for 2,400 rentable square feet – on behalf of the Landlord Countyline Suites LLC.   

 The local tenants are Beyond Components of Florida, LLC and Living Stones Worship Center, Inc.  

For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

Hold-Thyssen Negotiates Six Five-Year Leases for more than 27,300 square feet at Silver Star Shopping Center in Orlando, FL

Alex Rowlinson
 WINTER PARK --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated six lease renewals, all with five-year terms, for a total of 27,330 rentable square feet at Silver Star Shopping Center located at 5218 Silver Star Rd.

Hold-Thyssen leasing associate Alex Rowlinson negotiated all of the transactions representing the landlord at the shopping center.

 Adventure Learning Academy, Inc. renewed a lease for 13,177 square feet, Star Banquet Hall renewed 5,054 square feet, Salem Advent Church, 4,164 square feet; 

Charity & Love, a social services organization, 1,882 square feet; God’s Church of Deliverance International, Inc., 1,756 square feet and WIC Store, the federally  funded nutrition program for women, infants and children, renewed its lease for 1,297 square feet.

Rowlinson also negotiated two-year lease renewals with New Hope Covenant Community Church, Inc. for 1,849 square feet and Yours, Mine and Beauty, 1,092 square feet. 

 The 150,121 square foot Silver Star Shopping Center is 49 percent leased.
For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

NAI Realvest brings Yoga University to Westmonte Plaza in Altamonte Springs, FL

Kimberly Manson
ORLANDO, FL– NAI Realvest recently brokered lease transaction at Westmonte Plaza, 185 S. Westmonte Drive, just south of SR 436 in Altamonte Springs.     

Kim Manson, director of retail and investment sales at NAI Realvest and Jeffrey Tanner, senior vice president of investment sales and leasing negotiated the lease representing both the tenant and the landlord.

Yoga University of Florida LLC, which will train yoga instructors, leased 2,400 square feet in suites 1202-1206 at the professional office / retail center.

For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

Meet Me in the Middle: JLL Phoenix Predicts the Continued Rise of Mid-Size Industrial

Pat Harlan
PHOENIX, AZ – Mid-size users are dominating the Phoenix industrial market, and the construction sector has a heavy hand in that success, says the Phoenix office of JLL. According to the brokerage firm, much of the 5.8 million square feet of industrial space absorbed in the Valley in 2015 went to mid-size users – tenants occupying somewhere between 10,000 and 50,000 square feet.

In this 12-month period, JLL closed 52 mid-size transactions totalling more than 1.27 million square feet. Of that activity, 28.8 percent was with construction-related companies.

“We should be paying a lot of attention to the wants and needs of mid-size industrial users, and to the metered recovery of the construction industry,” said JLL Executive Vice President Pat Harlan. “These are driving forces that are balancing out our market, so that no one factor dominates. It’s creating a very healthy outlook for the balance of the year.”

According to the Arizona Department of Administration, the construction/specialty trades sector had the biggest year-over-year job growth increase in 2015, adding 6,300 new jobs for a gain of 10.5 percent over 2014.

“We’ve been waiting for healing to begin in the Phoenix construction market, and it’s finally here,” said Harlan.

Just some of the construction-related, mid-size deals closed in metro Phoenix by JLL in 2015 are:

Steve Larsen

·     Superior Pool Products at 955 N. Fiesta Blvd. in Gilbert for 47,969 square feet
·     Diamond Kitchen at West 10 Business Center in Phoenix for 34,733 square feet
·     Door Works at 2605 W. 1st St. in Tempe for 43,690 square feet
·     EcoFasten Solar at 4741 W. Polk St. in Phoenix for 49,975 square feet
·     Trane at 10115 W. Van Buren St. in Phoenix for 37,332 square feet
·     Vivint Solar at 5446 W. Roosevelt St. in Tolleson for 25,964 square feet

“We’re seeing our clients – at projects like Airport I-10, Park Lucero and AZ|60 – actively respond to mid-size tenant demand,” said JLL Vice President Steve Larsen.

“They are building projects to accommodate the large users that Phoenix will always attract, but they’re making sure that these spaces can also be easily divided to serve those needing sub-50,000 square feet. Based on the trends we’re seeing, it’s a wise strategy.”

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
 Phone:  +1 480 600 0195

 Email:  stacey@focusaz.com

First Ultra Luxury Apartment Building on Lincoln Avenue in Chicago, IL Begins Construction, ELEVATE Lincoln Park to Deliver Summer 2017

Aaron Galvin

 CHICAGO, IL (March 15, 2016) – A once proud stretch of Lincoln Avenue in Lincoln Park will be undergoing a transformation this March as Baker Development Corporation demolishes the old Lincoln Centre complex and begins construction on ELEVATE Lincoln Park – a mixed-use 191- unit luxury apartment building in the heart of Lincoln Park.

“Lincoln Avenue is the center of Lincoln Park and deserves an elegant building that will be the catalyst for restoring this portion of Lincoln Avenue to its original glory,” said Aaron Galvin of Luxury Living Chicago Realty, the exclusive leasing brokerage for ELEVATE Lincoln Park.

“As the neighborhood’s first Class “A” luxury apartment building, ELEVATE will offer upscale finishes and high-end amenities that will rival other luxury apartments in Chicago.

“ELEVATE is located just a few steps from iconic neighborhood entertainment venues such as the Apollo Theater, Victory Gardens Theater and the Lincoln Hall as well as the convenience of being two short blocks to the CTA’s Fullerton Avenue train station.”

For a complete copy of the company’s news release, please contact:

Kelly Shumaker, kshumaker@taylorjohnson.com, 312-267-4519

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Waterton Grows National Operations Team with Two Senior Executives; Lela Cirjakovic promoted to executive vice president; Scott Ferguson joins firm as assistant vice president

Lela Cirjakovic
CHICAGO, IL (March 15, 2016) – Waterton, a U.S. real estate investor and operator, today announced it has promoted Lela Cirjakovic to executive vice president, operations, with responsibility for the firm’s national multifamily operations team of more than 500 site-level associates.

 In addition, veteran real estate professional Scott Ferguson has joined the firm as assistant vice president, regional operations, overseeing its multifamily properties in Chicago and the western United States.

“As we merge our multifamily and hospitality platforms and look to leverage synergies between the two, we’re simultaneously bringing on new talent and promoting from within to streamline operations and create a more cohesive brand across our entire portfolio,” said David Schwartz, co-founder and CEO of Waterton.

“With more than 30 years of experience between them, Lela and Scott understand the highly personalized, fully amenitized lifestyle that today’s renters are looking for – and, more importantly, how to deliver on those high expectations.”

Scott Ferguson
Cirjakovic most recently served as senior vice president, operations, at Waterton, overseeing nearly 10,000 rental units in the Midwestern and Eastern regions. Prior to joining the company in 2006, she served as regional manager at Chicago-based CAMCO Inc., overseeing the company’s Midwest operations.

A graduate of Loyola University, Cirjakovic previously managed eight properties in four states for Midland Property Management and also worked as an asset manager for the Illinois Housing Development Authority, where she was responsible for a 20-property portfolio comprising more than 3,500 units.

Ferguson joins Waterton from The Related Companies, where as district manager he directed the lease-up of two newly developed luxury apartment towers in downtown Chicago and managed a portfolio of high-end condominiums in the South Loop.

In his new role, he will oversee the on-site operation teams at Presidential Towers, Chicago’s largest rental community with 2,346 apartments, as well as Waterton’s three other multifamily properties in Chicago: Pensacola Place, in Uptown; One East Delaware, in Streeterville; and River North Park, in River North.

For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

USAA Real Estate Company and HSA PrimeCare Announce Joint Venture to Acquire and Develop Healthcare-Sector Properties in the Midwest

John Wilson
 SAN ANTONIO, TX and CHICAGO, IL — USAA Real Estate Company ("USAA RealCo") and HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, announced the formation of a joint venture to acquire and develop outpatient healthcare real estate assets across 11 states throughout the Midwest.

 Together with this announcement, the new joint venture also made its first acquisition, of a 97,375-square-foot portfolio of medical office assets located in northwest Indiana and Tinley Park, Ill., a southwest suburb of Chicago.

The newly formed equity fund is positioned to acquire and/or develop a broad range of healthcare real estate such as medical office buildings, cancer centers, ambulatory surgery centers, medical wellness centers and other specialty centers.

 HSA PrimeCare, a leading developer and manager of medical office buildings in the Midwest, will provide investment analysis, development, leasing and property management services to the newly formed partnership.

Executive leadership of HSA PrimeCare and HSA Commercial who will collectively lead this venture include Bob Smietana, Dan Miranda and John Wilson.

"We are extremely proud to be forming this new venture with USAA Real Estate Company,” said John Wilson, president of HSA PrimeCare.

“USAA RealCo's unparalleled reputation, coupled with its exceptional depth of resources and commitment to healthcare real estate, will combine with our own expertise and local knowledge to create a preferred provider of real estate solutions for healthcare providers."

For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Proper Title, LLC Expands Chicago Office, Opens New Title Insurance Headquarters


Ben Niernberg
CHICAGO, IL  — Northbrook, Ill.-based Proper Title, LLC, a full-service title insurance agency, announced the expansion of its Chicago office at 180 North LaSalle, and grand opening of a new headquarters at 1530 East Dundee Road in Palatine, Ill., later this month.

This expansion is in response to the firm’s exponential growth since its inception in 2013, including an increase in transaction volume of 400 percent and revenue by 420 percent. Proper Title was also recently ranked the second-largest title insurance agency in Illinois.

“Proper Title has experienced tremendous growth over the past three years, where we essentially started from scratch and moved to the top-two position in Illinois,” said Ben Niernberg, executive vice president of business development and operations at Proper Title.

“Our team is constantly looking to elevate the title insurance industry, and that commitment has directly translated into our firm’s upward trajectory.” 

For a complete copy of the company’s news release, please contact:

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527