Sunday, September 22, 2019

JLL closes $6.35 million sale of suburban Sarasota, FL office building

Energy Court Center at Lakewood Ranch, a 26,552-square-foot, best-in-class suburban office building in the Sarasota community of Lakewood Ranch, FL

 ORLANDO, FL – JLL announced  it has closed the $6.35 million sale of Energy Court Center at Lakewood Ranch, a 26,552-square-foot, best-in-class suburban office building in the Sarasota community of Lakewood Ranch, Florida. 

JLL represented the seller, AHL 511, LLC. Naples Crown Realty, LLC, based out of New York, purchased the asset. 

Energy Court Center at Lakewood Ranch is located at 5391 Lakewood Ranch Boulevard on the east side of Interstate 75 approximately six miles northeast of downtown Sarasota. 

Robbie McEwan
The property is in Lakewood Ranch, the nation’s second highest-selling master planned community in 2018. 

The building is approximately two miles from Florida’s first Diverging Diamond Interchange (DDI) on University Parkway, which was recently completed and will improve traffic flow and provide excellent access to the property. 

Completed in 2008, Energy Court Center at Lakewood Ranch’s three stories are fully leased to a variety of tenants in the realty, investment management, architecture and construction sectors.

The JLL Capital Markets team representing the seller was led by Senior Director Robbie McEwan and Associate Ryan Stoffer.

“Lakewood Ranch continues to attract national and global investors as the second-best selling master planned community in the nation,” McEwan said. “We were pleased to be able to reach a record-setting $239 per square foot disposition price for our client through a strategic national and global marketing effort.”

Ryan Stoffer
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: 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.


Kimberly Steele
 JLL Digital Content/PR Specialist 
Phone: +1 713 852-3420

JLL secures $24 million financing for Olde Raleigh Apartments in Raleigh, NC

Olde Raleigh Apartments. 4000 Grand Manor Court, Raleigh, NC

WASHINGTON DC  JLL announced  it has secured $24 million in financing for Olde Raleigh Apartments, a 228-unit, garden-style apartment community located in Raleigh, North Carolina.

JLL worked on behalf of Taurus Investment Holdings, LLC, to arrange the 10-year, floating-rate loan through Freddie Mac’s Green Advantage program.

Jamie Leachman
The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and a Freddie Mac Optigo lender. Loan proceeds refinanced existing debt on the property.

Olde Raleigh is located at 4000 Grand Manor Court near William B. Umstead State Park and Interstates 40 and 440, which provide residents with access around the Raleigh-Durham MSA. 

The property consists of a mix of one-, two- and three-bedroom floor plans with a large selection of in-home features, including gourmet kitchens with stainless steel appliances, garden tubs, custom built-ins, plank flooring, in-unit washers and dryers and private patios or balconies. 

Community amenities include a resort-style pool, outdoor grilling station, clubroom, fitness center, business center with conference lounge, car care center, pet wash station and dog park. Olde Raleigh was more than 94% occupied at closing.

The JLL Capital Markets team representing the borrower was led by Senior Director Jamie Leachman.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.


Olivia Hennessey
 JLL Public Relations Specialist 
Phone: +1 713 852 3403

Singer-songwriter Alicia Keys Buys Cool La Jolla, CA Home for $20.8 Million after Price Drops from $45 Million

Designed by Wallace E. Cunningham, the 10,240-SF  'Razor House' shows off sleek contemporary lines and commanding views over the Pacific Ocean
Photo by Gary Kasl

Alicia Keys
LA JOLLA, CA -- Its sleek contemporary lines and commanding views over the Pacific Ocean have graced the pages of cutting-edge magazines and websites around the world, in addition to a starring role in Visa Black Card and Calvin Klein television commercials. 
Wallace E. Cunningham 
The “Girl on Fire” and 15-time-Grammy-winner, Alicia Keys, is the big winner once again and holds the keys to the Razor House as its new owner, according to It is located in La Jolla near Torrey Pines Golf Course, Del Mar Racetrack and the La Jolla Playhouse.Designed by Wallace E. Cunningham in La Jolla, California, it was on the market originally at $45 million, then at $30 million, reduced to $24.995 million, with Keys paying $20.8 million.
Built in 2007, the Razor House extends several stories below the original surface so that each roof forms a terrace to the adjacent upper floor. 

The center of the structure is essentially hollowed out, creating a perimeter house wrapped around an open courtyard which allows daylight, moonlight and stunning views. 

The main house has 10,240 square feet of living space including two master suites, two additional bedrooms, six baths, two steam rooms/showers, gym, roof-top spa and built-in outdoor BBQ. 

Raquel Welch

The master-suite baths include showers and freestanding tubs as well as closets. The detached multi-leveled guest house has 1,301 square feet and includes two bedrooms and two baths, each having separate entry points on different levels.

Sally Ride
Luxury finishes and special touches include travertine stone floors that run continuously from interior to exterior, solid-walnut flooring in the library and on the family-room ceiling and suede-wrapped walls in the primary master suite.

Paul Brown

The library contains a custom Ralph Lauren glass-and-stainless pool table. Both the main kitchen and service kitchen are furnished with Gaggenau, Miele, Subzero and Hoshizaki in multiples to cover large-scale entertaining while a computer room houses all of the homes integration and automation systems.

 Jonas Salk 
 A subterranean garage houses four cars and a glass elevator operates from the subterranean garage level all the way to the rooftop-terrace level of the home.

Entertainment includes a state-of-the-art theater and a 5,100-cubic-foot-infinity swimming pool that visually blends in with the ocean.

Theodore “Dr. Seuss” Geisel
One of California’s most picturesque locations on the Pacific Coast, La Jolla has been the home of Theodore “Dr. Seuss” Geisel, actor Gregory Peck, Jonas Salk who developed the polio vaccine, astronaut Sally Ride, NFL pioneer Paul Brown and actress Raquel Welch.
Gregory Peck
Singer-songwriter Alicia Keys has scored one of today’s contemporary masterpieces for $20.8 million, originally listed at $45 million, and conveyed with a guarantee of spectacular sunsets.

Josh Altman
 Josh Altman and Matt Altman of Douglas Elliman were the brokers for the sale.

Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504

Twitter:  @toptenrealestat