Tuesday, October 22, 2019

Ware Malcomb Announces Rob Kiester Has Been Promoted to Studio Manager, Architecture in Denver, CO Office

Rob Kiester

DENVER, CO – Ware Malcomb, an award-winning international design firm, announced Rob Kiester has been promoted to Studio Manager, Architecture in the Denver office. In this position, Kiester helps lead and manage the Architecture Studio and manages select projects.

Kiester joined Ware Malcomb in 2016 as a Project Manager and quickly became an instrumental member of the Denver team and a leader within the office.

 His extensive project management experience includes schematic design, design development, agency processing, consultant coordination, contract documents and contract administration.

He is also proficient in a variety of computer programs including Revit, Enscape, AutoCAD, 3DS MAX, and SketchUp.

Matt Chaiken

 Kiester successfully leads projects from the initial master planning and design stages through construction completion. His experience includes various project types including office, public, retail, industrial, restaurant, interiors and master planning projects.

“Rob’s in-depth knowledge of both architecture and technology have enabled him to merge these disciplines together to develop innovative solutions for the benefit of our firm and our clients,” said Matt Chaiken, Principal of Ware Malcomb’s Denver office.

 “At the same time, Rob’s excellent client service has contributed to the overall growth, expansion and diversification of our Denver client base and beyond. We look forward to Rob’s continued contributions and leadership at Ware Malcomb.”

Kiester earned a Bachelor of Science degree in Construction Management from Brigham Young University and a Master of Architecture degree from the University of Colorado.

He is a Licensed Architect in Colorado and California and is certified by the National Council of Architectural Registration Boards (NCARB). He is also a member of the American Institute of Architects (AIA).


Rachel Devany
VP Public Relations
 KCOMM for Ware Malcomb

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

1600 Champa Street Suite 350
Denver, CO 80202

p. 720.488.2626


Hoar Construction Celebrates Topping Out of Gentry in Buckhead, GA

Gentry, a 21-story luxury mixed-use apartment community at 3172 Roswell Road in Atlanta’s Buckhead Village

ATLANTA, GA  – Hoar Construction and its development partner LMC, a Lennar Company, announced today the topping out of construction at Gentry, a 21-story luxury mixed-use apartment community at 3172 Roswell Road in Atlanta’s Buckhead Village.

Located on a one-acre surface parking lot that once housed the former Rio Bravo restaurant, Gentry will feature 290 apartments, a six-level parking deck with 458 spaces, and 6,000 square feet of ground-floor retail space.

The community also boasts a number of impressive amenities, including an eighth-floor terrace with outdoor movie theater, roof top private dining room with catering kitchen, luxury pool area with cabanas and an outdoor lounge with stunning views of the Atlanta skyline.

Former Rio Bravo Restaurant, Atlanta, GA at 3172 Roswell Road in Atlanta’s Buckhead Village.

First move-ins at Gentry are anticipated for Spring-2020.

“I am proud of the good work we’ve done with Gentry, both on the community and within the surrounding area,” said Jason Bennett, division vice president at Hoar Construction.

“Gentry’s topping out is a celebration of the progress our team has made as well as the work values and commitment to excellence we embody at Hoar. All of the work crews have made a lasting impact on this neighborhood, which will be further strengthened when Gentry opens next year.”


Sophie Coffman · Fellow
M: 404.824.5899

Medefind Retail Group of Marcus & Millichap Achieves Record $1,245 Per FT for Net-Leased Taco Bell Property Sale in Fort Myers, FL

Taco Bell, a 1,814-square foot net-leased property at 12851 South Cleveland Avenue, Fort Myers, FL

FORT MYERS, FL    Medefind Retail Group of Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Taco Bell, an 1,814-square foot net-leased property located in Fort Myers, Fla., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $2,260,000.

Jim Shiebler
Jim Shiebler, James Garner and James Medefind, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

The buyer, a private investor, was secured and represented by the same brokers.

“We achieved a record price of $1,246 per ft. by generating multiple offers through exposing the asset to thousands of U.S. and International investors," stated Mr. Shiebler.

 "This is another example of Medefind Retail team’s second to none commitment to the seller to identify and locate buyers by farming, sourcing and calling investors utilizing proven methodical strategies. 

James Garner
"The ultimate buyer was attracted to the A+ location, the storied history of the site as one of the first Taco Bell’s built in all of Southwest Florida and the proven and successful franchisee."

Taco Bell is located at 12851 South Cleveland Avenue in Fort Myers, Fla. Marcus & Millichap is pleased to present Taco Bell Ft. Myers, a truly rare investment opportunity for an investor to purchase a truly iconic brand and highly coveted nationally recognized Quick Service Restaurant property in a burgeoning market.

 This property has been successfully operating at this location since 1987 and is just the second Taco Bell to be built in Ft. Myers. This A+, high barrier to entry location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

James Medefind
            The property is ideally located on busy Cleveland Avenue (U.S. Highway 41), just two parcels from the intersection of College Parkway, with multiple points of ingress/egress and a combined daily traffic count of more than 94,000 cars. 

Cleveland Avenue (U.S. Highway 41) and College Parkway are the two most trafficked arteries in all of Southwest Florida. Since College Parkway is one of only two bridges that connect Fort Myers to Cape Coral, the subject property benefits immensely from its close proximity to this high-profile intersection.


Whitney Davis 

Partnership between Three Wall Capital and Guggenheim Investments completes acquisition of 18-asset extended stay hotel portfolio

Candlewood Suites Hotel
 NEW YORK, October 22, 2019 - A partnership between Three Wall Capital and Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, completed the acquisition of an 18-asset extended stay hotel portfolio. 

Clients managed by Guggenheim Investments also provided the mortgage debt for the portfolio acquisition.

The national portfolio includes hotels located in North Carolina, Virginia, Florida, Texas, Tennessee, and Georgia, and the assets are affiliated with brands in the Hilton, IHG, and Choice systems. 

Alan Kanders
The hotels are all well positioned in their respective markets and are proximate to dense retail corridors, office parks, hospitals, airports, residential communities, and major highway systems.

The acquisition will build on Three Wall’s rapidly expanding portfolio and aligns well with the firm’s extended stay focus. 

Alan Kanders, Managing Member and Founder of Three Wall Capital, remarked, “The portfolio’s geographic diversity, high-quality physical product, strong in-place cash flow, and valuable real estate made it an all-around attractive investment opportunity for us.” 

The portfolio includes assets flagged as Homewood Suites, Home2 Suites, Candlewood Suites, Staybridge Suites, Suburban Extended Stay, Mainstay Suites, and Sleep Inn. 

New long-term franchise agreements were secured from all brands. “This acquisition complements our existing portfolio and aligns with our goals for future growth,” Mr. Kanders explained. Three Wall’s portfolio consists of 54 hotels following the close of this acquisition, 46 of which represent extended stay hotels.

Aimbridge Hospitality, the nation’s largest independent hotel management firm, has been retained as the operator, further strengthening their strategic partnership with Three Wall Capital.

The JLL Capital Markets team* led by Managing Director Chris Dewey represented the seller in the transaction.

 Chris Dewey
“This diverse portfolio, consisting of extended stay hotels across multiple class segments, provides significant in-place cash flow in strong southeastern growth markets,” Dewey said. 

“The hotels have been recently renovated positioning the portfolio to continue capturing more than its fair share of room night demand in markets that continue to expand.” 

About Three Wall Capital

Founded in 2008 by Alan Kanders, Three Wall Capital has completed over $1.0 billion in transactions in a principal investor capacity since inception. 

TWC invests with the philosophy that hotel real estate is subject to both short and long term cycles, and therefore, opportunistically invests in product type ranging from limited service to luxury hotels.

 TWC’s current investment strategy is to acquire and develop mid-scale extended stay hotels in markets with strong growth outlooks in terms of population, disposable income, jobs, diversity of high-quality food and beverage experiences, retail offerings, and office space.

 For further information and more details on TWC’s portfolio, please visit www.threewallcapital.com.


Michael Mao
40 West 57th Street
29th Floor
New York, NY 10019
T. (646) 560-1728

Kristen Murphy
Director, Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873

CRG Hires Capital Markets and Development Veteran Mark Lecocq

Mark Lecocq 
CHICAGO, IL -- CRG, a national real estate development and investment firm, announced the hiring of Mark Lecocq as Senior Vice President of Finance. Lecocq will lead capital markets for the company's expanding mixed-use and multi-family project portfolios.

CRG, Clayco's real estate arm, is focused on development of high-quality real estate projects throughout North America and primarily invests in three types of real estate; industrial warehouses in key logistics corridors, mixed-used and multi-family in emerging urban neighborhoods, and build-to-suit corporate headquarters. 
The company recently closed on a multi-family project in Fort Worth, Texas with 242 units in the bustling Near South Side neighborhood.

Shawn Clark
"Mark brings key leadership to our team's development and finance activities," said CRG President Shawn Clark. "His extensive track record of originating and structuring institutional-grade projects strengthens confidence with our investors and allows him to hit the ground running."
Prior to joining CRG, Lecocq spent nine years at The Fifield Companies, most recently as Executive Vice President of Finance, Development and Acquisitions.
 During his tenure, the company's portfolio of active projects included over 4,500 multi-family units valued at over $2 Billion in the Chicago, Austin, Dallas, Los Angeles and Miami markets.

A.M. 1980 Residences, Bucktown, Chicago, IL
"CRG's multi-family business has a terrific track-record and clear strategy for growth," said Lecocq. "I look forward to leveraging Clayco's integrated platform to expand and capitalize CRG's current pipeline of multi-family projects throughout the country. 
"It's a unique delivery model that creates a giant competitive advantage for CRG and its investors, as well as beautiful communities for our residents."
The project in Fort Worth will be a continuation of CRG's "chapter" branded multi-family developments. The property is located in the bustling Near South Side neighborhood of Fort Worth, home to several of the largest employers in the market.

Upshore Chapter Apartments, Uptown, Chicago, IL
The building amenities include a state-of-the-art fitness center, co-working space and a landscaped courtyard with an infinity-edged pool, barbeque grills, firepits and terraced seating. Resident occupancy is schedule for the second quarter of 2021.
CRG's most recent multi-family projects in Chicago include the A.M. 1980 Residences, a 132-unit apartment development in Bucktown, and Upshore Chapter, a 149-unit apartment building in Uptown. 
In addition to these, CRG's apartment development pipeline includes projects in Chicago, San Diego, Denver and other high-growth markets throughout the United States.


Mia Sissac