Monday, December 25, 2017

Proper Title Continues Growth With Four New Title Insurance Hires

Kathy Kwak
CHICAGO, IL– Proper Title, LLC, the Palatine, Ill.-based title insurance agency serving the residential and commercial real estate industries, has added four new hires in key areas at two of its seven closing locations.

Steve Connors

“In just five years of business, we’ve become the second-largest title company in Illinois and attracted some of the best and brightest professionals in the industry,” said David Garside, executive vice president of title and escrow operations at Proper Title.

 “These four new hires further confirm that our founding principal of providing exceptional service is appreciated not only by clients, but also by top talent.”

Based in the downtown Chicago office, Kathy Kwak has joined Proper Title as director of title, bringing more than a decade of legal and real estate experience to the role.

Laura Bendikas
 The Palatine office expands with the addition of Steve Connors as director of business development, a top-generating sales manager and founding agent from @properties; Laura Bendikas as closing director, with 20 years of experience in title and technology; and Joseph Allegretti as attorney business development manager, overseeing growth of the firm’s attorney client network.

“Each of these new hires comes to Proper Title with extensive experience in different aspects of the real estate transaction, including agent relations, legal counsel, attorney relations and technology,” said Garside.

 “Their contributions and expertise will support our service-oriented approach and strengthen our commitment to bringing clients peace of mind in every transaction we handle.”

Launched with just 27 employees in 2013, Proper Title has doubled its size and increased its transaction volume every year to become a major player in the title insurance business.

Joseph Allegretti
 It recently earned the 2016 Award for Excellence from Fidelity National Title Group, Inc., a member of the Fidelity National Financial (NYSE: FNF) family of companies and the nation’s largest group of title companies and title insurance underwriters. 

The award is given for meeting and exceeding specific title underwriting and settlement services criteria.

For more information on this news release, please contact:

Traci Failla,, (312) 267-4516
Kim Manning,, (312) 267-4527

Ackerman & Co. Bolsters Retail Division with Addition of Jonathan DiGiovanni and Roosevelt Brown

Jonathan DiGiovanni
ATLANTA, GA – Ackerman Retail, the retail division of Ackerman & Co., announced it has  hired Jonathan DiGiovanni as vice president of retail services and Roosevelt Brown as vice president in the firm’s medical retail practice.

As a tenant representation specialist for Ackerman Retail, DiGiovanni will advise tenants in site selection, lease transaction and strategic growth initiatives. 

He joins Ackerman & Co. from Arby’s Restaurant Group, where he was a real estate asset manager.

 His previous commercial real estate and retail experience also includes brokerage and asset management positions at InvesTrust Properties, Perfumania Inc., Princeton Realty Group and The Shopping Center Group.

Brown, who brings extensive medical industry expertise, will focus on investment sales, site selection and transaction services as he helps expand the firm’s medical retail market capabilities at a time when medical facilities are increasingly being established next to traditional retail stores. 

Brown previously marketed products and services in the pharmaceutical industry, most recently as a senior pharmaceutical account manager at Relay Health (a McKesson Company) and executive national sales manager at DataRx.

Roosevelt Brown
“I’m very pleased with the direction our retail president, Leo Wiener, is leading the group. Ackerman Retail is steadily winning new assignments and expanding its presence in this quickly evolving sector,” said Kris Miller, president of Ackerman & Co.

In other recent additions to its team, Ackerman Retail hired Stephen Lapierre as an associate in the Investment Sales group and Alaina Kiewit as a senior associate of retail marketing.

For more information on this press release, please contact:

Sheraton Framingham Hotel & Conference Center in Suburban Boston Undergoes $2 Million Renovation

Sheraton Framingham Hotel & Conference Center, Framingham, MA

FRAMINGHAM, MA -– Waterton, a U.S. real estate investment and management company, today announced it has completed a $2 million renovation of the Sheraton Framingham Hotel & Conference Center, a 375-key hotel in Framingham, Mass., about 20 miles west of Boston.

The renovation updated guest rooms with new window treatments, furnishings and televisions in addition to common areas and amenity spaces, including the Sheraton Club lounge. The entire wireless network was also enhanced with over 130 new access points and upgraded bandwidth capacities. 

“The upgrades will complement the interior renovations completed a few years ago, helping us maintain our reputation as the area’s premier hotel and conference center,” said Brian Smith, general manager of the Sheraton Framingham.

Waterton has owned and operated the Sheraton Framingham since 2011. 

Earlier improvements to the property, which were completed in 2013, included a renovated lobby, grand ballroom and fitness center. 

The property’s state-of-the-art, 22,000-square-foot conference and meeting facility is one of the few Boston-area conference centers to be certified by the International Association of Conference Centers (IACC).

Established in 1995, Waterton has experience working with some of the leading names in the hospitality industry, including Starwood Hotels & Resorts Worldwide Inc., owner of the Sheraton brand; InterContinental Hotels Group; Hilton Worldwide; Marriott; and Hyatt.

For more information on this news release, please contact:

Allen Johnson, (312) 267-4513
Abe Tekippe,, (312) 267-4528

HFF announces sale of new Inland Empire industrial warehouse

Ryan Martin
LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of 290 Markham Street, a 475,235-square-foot, newly developed, fully leased, state-of-the-art industrial warehouse in the Inland Empire community of Perris, California.

The HFF team represented the seller, Circle Industrial.  An affiliate of Heitman LLC purchased the asset.

290 Markham Street was developed by the seller in 2017.  The one-building facility is fully leased to TechStyle, an e-commerce fashion company, and features 112 dock doors, 153 trailer stalls, 36-foot clear heights and a low office finish at 1.26 percent of the square footage. 

The property’s location provides easy access to Perris Boulevard, the main arterial serving Perris and Moreno Valley, in addition to Interstate 215 and State Road 60, which provide access to the Ports of Long Beach and Los Angeles, which are 75 and 81 miles from the property. 

290 Markham Street is situated on 24.26 acres in the Inland Empire, one of the most robust markets in the country.

Anthony Brent
The HFF investment advisory team representing the seller included Andrew Briner, Anthony Brent and Ryan Martin.

“This was a true win-win for both the seller and the buyer,” Briner said.  “For Circle Industrial, this was the culmination of the development process, while Heitman secured a premier Class A facility with a long-term lease in place to a rapidly growing e-commerce company that will prove to be a great investment.” 

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this news release, please contact:

HFF Director, Public Relations
(617) 338-0990

Capital Square 1031 Acquires 71,150-Square-Foot Office/Research and Development Building in Tampa, FL

Louis Rogers
TAMPA, FL – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced today its acquisition of a 71,150-square-foot office/research and development building in Tampa, Florida. 

The property is 100 percent leased to a division of Capsugel, an award-winning global contract development and manufacturing organization (CDMO).

Located at 4910 Savarese Circle, the single-story building is comprised of 45,000 square feet of office space and 26,150 square feet of tech space. 

The building was renovated in 2015 to accommodate the tenant’s expansion.

“This acquisition represented an excellent opportunity for our firm to acquire a stable asset with a credit-worthy tenant that has experienced tremendous growth,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.
Earlier this year, Capsugel was acquired by Lonza Group, one of the world’s leading suppliers to the pharmaceutical, biotech and specialty ingredients markets.

For more information on this news release, please contact:

Julie Leber      
Spotlight Marketing Communications  

949.427.5172, ext. 703