Wednesday, September 6, 2017

JLL Phoenix Property Management Team Expands with New Assignments; New Hire

Stacey Prentice

PHOENIX, AZ, Sept. 6, 2017 – The JLL Phoenix Corporate Solutions Group is in expansion mode, earning 1.2 million square feet of new leasing assignments and prompting the addition of industry veteran Stacey Prentice as Retail Property Manager in charge of retail properties.

“Commercial real estate buyers are definitely back in Phoenix, looking for assets that they can acquire and stabilize,” said Jackie Hines, Vice President, Group Manager for JLL in Phoenix. “This has generated tremendous opportunity for our property management team, from clients associated with JLL brokers to properties owned or leased by other entities.”

On the office and industrial front, JLL has earned almost 944,000 square feet of new assignments, including ASU Macro Technology Works, a 274,000-square-foot specialized testing facility that operates 24/7 and requires a dedicated team of engineers. JLL was named the exclusive property manager on behalf of the Arizona Board of Regents and Arizona State University.

Jackie Hines

Other new assignments within these sectors include:

• Corporate Parkway North: A 226,364-square-foot Class A office building at 16404 N. Black Canyon Hwy. in Phoenix. The project is home to PayChex, CSAA Insurance and Revana/Teletech Services.
• San Tan Corporate Center I and II: Totaling 267,714 square feet in two Class A buildings in Chandler; 100 percent leased to corporate tenants including Toyota.
• 5090 N. 40th St.: 175,835 square feet of Class A office space in Phoenix’s prestigious Camelback Corridor, with anchor tenants including Bar S, Kudelski Security and Beyond Trust.
JLL has also been named the exclusive property manager for four Class A retail projects. These are:
• Kierland Village: 115,567 square feet in Scottsdale, at 64th Street and Greenway Parkway, home to 22 tenants including Safeway.
• Silverstone Marketplace: 78,094 square feet in Scottsdale, at Scottsdale Road and Pinnacle Peak, home to 19 tenants including Sprouts.
 • Tatum Ranch Crossings: 94,179 square feet in Cave Creek, at Tatum Boulevard and Cave Creek, occupied by 12 tenants including Safeway.
• Phoenix Metro: 49,303 square feet in Phoenix, at N. Metro Center Parkway West, occupied by two tenants including anchor Fitness International.

The recent retail assignments prompted the addition of industry veteran Stacey Prentice, hired by JLL as a Retail Property Manager for open air retail properties.

 In her role, Prentice directly manages multiple Class A retail centers located in Phoenix and Scottsdale. She joins an 18-person JLL Phoenix property management team overseeing office, industrial, retail and mixed-use assignments across the metro market.

Combined, JLL’s Phoenix property management and facilities management team totals 364 Valley employees directing a local portfolio of 24 million square feet.

“Demand for management services is strong across the board – particularly for companies like JLL who offer industry experts like Stacey and vertical services like brokerage and construction management that help meet the unique needs that go along with a building investment,” said Hines.

Prentice contributes decades of property management experience, including medical office space and industrial/flex properties, with the last seven years dedicated to managing real estate owned (REO) portfolios. She holds a current Arizona Real Estate License.

For more information on this news release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195


HFF secures $36.3 million financing for 292-unit multi-housing community in downtown Phoenix, AZ

Capital Place Apartments, Downtown Phoenix, AZ

Elliott Throne

PHOENIX, AZ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $36.3 million in financing for Capital Place, a 292-unit, Class A multi-housing community in downtown Phoenix, Arizona.

HFF worked exclusively on behalf of the borrower, Epoch Residential, to place the three-year, floating-rate loan with a life company lender.

Capital Place is located on the eastern edge of downtown Phoenix near attractions such as the Phoenix Convention Center, Chase Field, Talking Stick Resort Arena, Phoenix Biomedical Campus and Arizona State University’s downtown campus. 

The transit-oriented, mid-rise community is also adjacent to the Phoenix Valley Metro light rail, which connects downtown Phoenix to Tempe, Mesa and the Phoenix Sky Harbor International Airport.

 Completed in 2016, Capital Place has 292 units averaging 827 square feet with high-end amenities, including stainless steel appliances, custom kitchen cabinets, granite countertops, faux wood flooring and covered balconies.

 The community also features a resort-style pool with spa, barbecue grills and private cabanas; state-of-the-art fitness center; clubhouse; business center; game and media room; controlled access and garages.

Brad Miner
The HFF debt placement team representing the borrower was led by managing director Elliott Throne and senior director Brad Miner.

“Downtown Phoenix continues to attract capital from developers and lenders alike,” Miner said. “The property’s location on the light rail along with positive leasing momentum, institutional quality of the asset and strong sponsorship resulted in significant interest from various debt providers.”

For more information on this news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

$75.25 million sale of Gateway Park Apartments in Denver, CO closed by HFF

Gateway Park Apartments, Denver, CO              Photo by Jim Johnson

DENVER, CO  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $75.25 million sale of Gateway Park Apartments, a 328-unit, Class A garden-style multi-housing community located in Denver, Colorado.

HFF marketed the asset on behalf of the seller, a joint venture between Denver-based Griffis Residential and PCCP, LLC.  Jackson Square Properties purchased the asset free and clear of existing financing.

Anna Stevens
Gateway Park Apartments consists of 22 two-story buildings,which house one-, two- and three-bedroom units averaging 896 square feet.  The property is situated on 20.98 acres at 4255 Kittredge Street near Interstate 70 and Pena Boulevard in northeast Denver placing it within a short distance to several of Denver’s employment centers, including Denver International Airport and the Fitzsimons Medical Campus. 

Jordan Robbins
Community amenities include two swimming pools with sundecks and all-season spas; outdoor dining area with gas grills; private lake with fishing and beach; walking and jogging path along the adjacent nature preserve; state-of-the-art fitness center, clubhouse with fireplace and kitchenette; business center; and community recycling program.  The property was 98 percent leased at closing.

The HFF investment sales team representing the seller was led by managing director Jordan Robbins and directors Jeff Haag and Anna Stevens.

“Gateway Park is a high-quality asset located in one of the Denver metro’s strongest rent-growth submarkets,” Robbins said.  “We received a lot of interest in the property due to its value-add nature and supply constrained location.”

For more information on this news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF closes sale of 3-building industrial warehouse portfolio in Houston, TX

Claymoore Park Industrial Properties, Houston, TX

Trent Agnew

HOUSTON, TX – – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of two assets comprising three infill, industrial warehouse buildings totaling 101,635 square feet in two Houston submarkets.

HFF represented the seller, TA Realty.  ATCAP Partners purchased the property for an undisclosed price.

The properties consist of 3300 Claymoore Park, which is situated on 2.25 acres in the heart of Houston’s Northwest industrial submarket, and 9362 and 9366 Wallisville Road, which is housed on 4.05 acres in the Northeast industrial submarket and has access to the Houston Ship Channel and the Port of Houston.

 Both properties are in infill locations with access to Interstate 10, Highway 290, Sam Houston Tollway (Beltway 8) and Loop 610.  The buildings are 100 percent leased to eight tenants.  Additionally, the Claymoore building is HazMat capable.

HFF’s investment sales team was led by senior director Trent Agnew and senior managing director Rusty Tamlyn.

“There is very little industrial product for sale in Houston, and the fundamentals are exceptionally strong in the two submarkets where these properties are located,” Agnew said.  “We have worked with ATCAP before, and they were a good fit for these two assets, given their ownership of other similar assets here and ability to move quickly.”

For more information on this news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

Miramar Park of Commerce Announces 129,000 SF in Lease Transactions

Barbara Liberatore Black
MIRAMAR, FL  (Sept. 6, 2017) – Lease transactions totaling 129,314 sq. ft. of space were recently completed at the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida.

Maridee Bell and Lauren Pace of Sunbeam Properties & Development represented the Park in all of the transactions unless otherwise noted.

New Leases

JJA Aviation, LLC leased 8,917 sq. ft. of space at 2853 N. Commerce Parkway. An FAA and EASA approved repair station, JJA Aviation specializes in the repair and overhaul of aircraft instruments, accessories and radio components for corporate business aircrafts, military aircrafts, helicopters and commercial, regional and cargo airlines. In addition to Bell and Pace, Sunbeam was represented by Carlos Velasquez of Vivo Real Estate in the transaction.

Lease Renewals

Essig Pools, Inc. leased 15,011 sq. ft. of space at 10111 Business Drive. Essig Pools is a custom in-ground pool contractor that offers solutions for residential and commercial swimming pools and outdoor kitchens. The space features an indoor pool display, five full outdoor kitchen displays, and a large selection of outdoor flooring and adjustable roof pergolas.

Sunshine Avionics, LLC renewed its lease for 12,027 sq. ft. of space at 9974 Premier Parkway. A HEICO Avionics company, Sunshine Avionics is a leading provider of the highest quality MRO services for advanced avionic component repairs.

Lauren Pace
NAGLREITER™ Medical Device Development Organization (NMDDO) renewed its lease for 10,260 sq. ft. of space at 3451 Commerce Parkway. NMDDO is a trusted partner for concept incubation, design, development and manufacturing within the Medtech industry. NMDDO provides its clients with “Predictable Project Execution,” which drives value by mitigating risks early, accelerating project execution, and minimizing upfront overhead and backend transfer costs.

Represented by Barbara Liberatore Black of JLL, Toyota Motor Sales, U.S.A. renewed its lease for 9,985 sq. ft. of space at 10713 Marks Way. The Miramar location serves as a service training facility for the automotive company.

The Print Factory d/b/a NexPub renewed its lease for 9,746 sq. ft. of office and warehouse space at 3820 Executive Way.

Lease Extensions

Audley Bosch and Juan Rodriguez of JLL represented One Home Medical Equipment in multiple transactions at the Park. One Home Medical Equipment:

·     extended its lease for 30,720 sq. ft. of space at 3350 Executive Way;
·     added 14,617 sq. ft. of space at 3301 Executive Way to occupy a total of 29,539 sq. ft.;
·     and extended its lease for 9,292 sq. ft. of space at 3010 Corporate Way.

Maridee Bell
 One Home Medical Equipment is the medical equipment supply and service company for One Homecare Solutions, an integrated post-acute care provider. One Home Medical Equipment provides One Homecare Solution’s patient network with medical equipment ranging from soft goods to respiratory supplies and offers in-home setup and comprehensive training to patients and their caregivers.

 DMS Aircraft Services, Inc. extended its lease and expanded to occupy 8,739 sq. ft. of space at 3837 Commerce Parkway. The space houses offices and a warehouse for the distribution of aviation parts.

For more information on available space, please contact Lauren Pace ( or Maridee Bell ( at 10212 USA Today Way, Miramar, FL 33025 or call 954-450-7900.

For more information on this news release, please contact:

Lexi Robinson
954-776-1999, ext. 255