Monday, September 2, 2019

NAI Realvest Closes on New Lease to Insurance Agency Expanding Operations from Kissimmee to Heaven III Office / Flex Campus in South Orlando, FL

Chris Adams
ORLANDO, FL – NAI Realvest recently negotiated a multi-year lease agreement for 7,715 square feet of office space in Suite 450 at 6925 Lake Ellenor Drive in Heaven III.

The high-tech office / flex campus at the intersection of Lancaster Road in South Orlando will be the new home of a local agency for Florida Blue.

The NAI Realvest team of Chris Adams and Tom R. Kelley II, CCIM, represented the landlord of business park Heaven 3 RE LLC whose principals are south Florida investors Michael and James Kramer. 

Tom R. Kelley II
The Landlord provided the new tenant Allied Marketing Insurance Group, Inc. with a large tenant improvement allowance for retrofitting the space for its operations.

  Jorge Matos of Keller Williams Advantage III-KW Commercial represented the tenant.

Adams and Kelley also brokered lease agreements with Nuevo Comienzo en Jesus Spanish SCA Co for 3,000 square feet of office space in Suite 112 and with Poplar Healthcare Management LLC for 2,500 square feet in Suite 501B at Heaven III.

Jorge Matos


Chris Adams, Vice President, NAI Realvest,

Tom R. Kelley II, CCIM, Principal NAI Realvest,
407 875-9989

Patrick Mahoney, President / CEO, NAI Realvest,

Beth Payan, Larry Vershel Communications

Isola completes lease for new state-of-the-art Chandler, AZ HQ

 Isola Group's new, 118,383-square-foot, state-of-the-art corporate headquarters at 6565 West Frye Road within Building 3
at the Lotus Project Chandle 
in Chandler, AZ

PHOENIX, AZ – Leading laminates manufacturer Isola Group has announced its move to a brand new, 118,383-square-foot, state-of-the-art corporate headquarters within building three at the Lotus Project Chandler in Chandler, Arizona.

Jackie Orcutt
The new global headquarters will consolidate Isola’s administrative, manufacturing and research and development activities from two area locations into one Class A, purpose-built flex industrial location.

Steve Larsen
JLL Executive Vice President Steve Larsen and Senior Vice President Jason Moore represented Isola in the lease transaction.

Jackie Orcutt, Rusty Kennedy, John Grady, James Cohn and Jonathan Teeter of CBRE represented the project landlord and developer, Conor Commercial.  JLL’s Project Development Services Team managed Isola’s build-out.

Locally based Isola is a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer printed circuit boards (PCBs).

It is also the first to sign within Lotus Project Chandler, a 53-acre mixed-use employment park that, at build out, will total over 650,000 square feet of Class A industrial and office space located just off of Kyrene Road, near the intersection of Interstate 10 and the Loop 202.

Jason Moore
Isola has been one of Chandler's long-standing technology employers and we are thrilled that their new headquarters and operational facility will remain in our community,” said Chandler Mayor Kevin Hartke.

 “It has been a pleasure working with Isola throughout the site selection process and we wish them many more years of success.”

Using a modern cell-based manufacturing approach, Isola’s new Chandler facility is designed to quickly deliver smaller batches of the company’s broad product portfolio – an approach that responds to industry shifts from volume manufacturing to new product prototyping and early stage production.

“We’re very excited about the new facility and the significant opportunity it provides to optimize our ability in serving the evolving electronics market in North America,” said Isola Executive Vice Chairman and CEO Travis Kelly.

Rusty Kennedy
 “Our focus from the start of our search for a new location has always been to remain in the Chandler market, and JLL was a significant partner in this process.”

 “Isola’s new headquarters is ideally suited for its very specific needs,” said Moore. “That includes the clear height and power they require, and a location at the heart of a very talented employment pool.”

The new Isola headquarters is located at 6565 W. Frye Rd., within the Southeast Valley’s I-10 Technology Corridor.

John Grady
It is part of the two-phase Lotus Project advanced manufacturing and light industrial development, being developed by Conor Commercial and boasting 32-foot clear height ceilings, ample power, efficient loading capacity and abundant parking.

The project is less than one mile from I-10 and the Loop 202, less than 15 minutes from Sky Harbor International Airport and less than 20 minutes from downtown Phoenix.

“It’s exciting to see Conor Commercial’s vision for this site come to life,” said CBRE’s Jackie Orcutt. “With one outstanding tenant now a part of the Lotus Project story, we’re looking forward to welcoming many more companies to one of the premier industrial projects in the East Valley.”

James Cohn
 Isola is expected to begin a phased move-in of the new facility beginning in the fourth quarter 2019.

About Isola

Isola Group, headquartered in Chandler, Arizona, is a global material sciences company focused on designing, developing, manufacturing and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multi-layer printed circuit boards.

 Isola’s high-performance materials are used in sophisticated electronic applications in the communications infrastructure, cloud computing, automotive, military, medical and aerospace markets.

Jonathan Teeter 
Isola has over 1600 employees with technical support, sales, manufacturing and R&D facilities in Asia, Europe and North America. 

For more information, please visit our website at http://www.isola−

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Chandler, AZ Mayor Kevin Hartke.
Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. 

In doing so, we will build a better tomorrow for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Phoenix, JLL is a market leader employing more than 590 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process.

 In 2018, the Phoenix team completed 75.3 million square feet in lease and sale transactions valued at $2.2 billion, directed $120 million in project management and currently manages a 32.4 million-square-foot portfolio. 

For more news, videos and research resources on JLL, please visit


Stacey Hershauer
Phone: +1 480 600 0195

216-acre urban in-fill development site in Houston, TX for sale

Aerial photo of an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston, TX

HOUSTON, TX JLL announced it has been named by The University of Texas System to market for sale or ground lease an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston, Texas.

Davis Adams
The property is less than three miles from the Texas Medical Center, the largest medical center in the world. 

Additionally, the site is located just south of the 610 Loop with Buffalo Speedway intersecting the property. 

Potential users for the site include life science companies, Big Pharma and biotech labs, as well as advanced medical manufacturing, public or private institutions of learning, government agencies and religious organizations. 

The site would also support high-density single-family, multi-housing and senior living uses.

Rusty Tamlyn 
The JLL Capital Markets team representing the seller is led by Managing Director Davis Adams and Senior Managing Director Rusty Tamlyn and also includes Executive Managing Director Scott Galloway and Senior Managing Directors Colby Mueck and Chris Curry.

“It is extremely rare to find a large contiguous development site in a premier infill location in any major market in the United States,” Adams said. “The site is ready for immediate development with proximity to billions of dollars of infrastructure located in the Texas Medical Center.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

Scott Galloway
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Webpage: U.S. newsroom.

About The University of Texas System

For more than 130 years, The University of Texas System has been committed to improving the lives of Texans and people all over the world through education, research and health care. 

Colby Mueck 
With 14 institutions, an enrollment of nearly 240,000 students and an operating budget of $21.1 billion (FY 2020), the UT System is one of the largest public university systems in the United States. 

UT institutions produce more than 60,000 graduates annually and award more than one-third of the state’s undergraduate degrees and more than half of its health professional degrees. 

Collectively, UT-owned and affiliated hospitals and clinics accounted for more than 8.2 million outpatient visits and 1.6 million hospital days last year. 

Across UT institutions, research and development expenditures total $2.9 billion – the highest in Texas and second highest in the nation among public higher education systems – and the UT System is regularly ranked among the top 10 most innovative universities in the world. 

Chris Curry
The UT System also is one of the largest employers in Texas, with more than 21,000 faculty – including Nobel laureates and members of the National Academies – and more than 83,000 health care professionals, researchers and support staff.

Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

 Kristen Murphy
JLL Director, Public Relations 
Phone: +1 617 338 0990

JLL arranges $11 million financing of New Jersey data center

50 Madison Road, a 125,871-square-foot data center in Totowa, NJ 

MORRISTOWN, NJ – JLL announced it has arranged $11 million in financing for 50 Madison Road, a 125,871-square-foot data center in Totowa, New Jersey.

JLL worked on behalf of the borrower, Russo Development, to place the 10-year, fixed-rate permanent loan with a life insurance company.

Completed in 2009, 50 Madison Road is a single-tenant data center that is fully leased to CyrusOne.  The property is located close to State Routes 202 and 46 as well as Interstate 80 in the Northern New Jersey community of Totowa.

Thomas Didio

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Thomas Didio.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Webpage: U.S. newsroom.

Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019.  Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.


Kristen Murphy, JLL, Director, Public Relations
Phone: +1 617 338 0990