Sunday, December 15, 2019

EverWest Delivers $24 Million LA Airport Warehouse Conversion; Fully Leased to Credit Tenant


1925 East Maple, the $24 million adaptive reuse project is located southeast of Los Angeles International Airport

Erik Good
EL SEGUNDO, CA – Following a year-long construction effort, EverWest Real Estate Investors has completed and fully leased 1925 East Maple. Located immediately southeast of Los Angeles International Airport, the $24 million adaptive reuse project has transformed a 1950s-built former warehouse into a new Class A creative office project.
The building will be fully occupied under a long-term lease to Science Applications International Corporation (NYSE: SAIC), a 23,000-employee company providing high-end engineering, IT and missions solutions to defense, space, civilian and intelligence customers.
 Headquartered in Reston, Virginia, SAIC has pro forma annual revenues of approximately $6.5 billion. 
The 1925 East Maple building sits on 2.4 acres at the intersection of Interstate 105 and Highway 1, less than two miles from Interstate 405 and minutes from the amenities of the El Segundo/ Manhattan Beach waterfronts.

Amr Ceran
 EverWest purchased the property in late 2017 and over the next 15 months implemented a major redesign to create a 45,270-square-foot, one-story open floor office design.
“This building caters to a very tech-oriented tenant profile that has emerged – and continues to evolve – in El Segundo,” said EverWest Managing Director Erik Good, who oversees the company’s Southern California acquisition activity.
 “We immediately recognized the potential that this 1950s vintage architecture offered for a modern creative office repositioning. It is perfect for this demographic, so we worked hard to preserve that history while also introducing modern efficiencies and elements that today’s office occupiers demand.”
The architecture at 1925 East Maple mixes original clerestory windows and brick walls with 15-foot ceilings, campus-wide Wi-Fi, active and passive recreational spaces, showers with lockers, on-site EV charging stations and bicycle and food truck parking. Interior spaces benefit from newly installed prismatic skylights, which maximize natural light, and are surrounded by strategically located outdoor patios.
Chris Strickfaden
In addition to its immediate proximity interstates and thoroughfares, 1925 East Maple is two blocks from the Metro Green line and the new LAX line. 
It provides quick access to all regions of the LA metroplex and, via the Los Angeles International Airport, to regional and international destinations. It is within walking distance to ten hotels and a wide selection of dining, shopping and entertainment.


SAIC is scheduled to move into1925 East Maple in June.
“Tenants like SAIC are becoming more creative in nature, wanting buildings that they can showcase and use as centers of efficiency,” said EverWest Managing Director for the West Coast Amr Ceran. 

“EverWest has executed this strategy in multiple markets and now has a portfolio of properties that we’ve repositioned and brought to 100 percent occupancy. 

"We continue to seek new opportunities to apply this expertise in LA and other U.S. markets.”
Terry Reitz
“EverWest did an excellent job of transforming this iconic mid-century single-story asset into a creative workspace,” said Chris Strickfaden of Newmark Knight Frank, who represented EverWest in the SAIC lease along with colleagues Terry Reitz and Eric Adams. 
“The El Segundo market has been a hotbed of tenant activity this year as it provides a more economical alternative to other pricier areas like Silicon Beach, as well as easy access to hospitality, amenities, freeways, LAX and public transit.”

Gary Horowitz and Kamil Agha of JLL represented SAIC in the 1925 East Maple lease. Shubin Donaldson was the project architect.
Other recent EverWest adaptive reuse projects include The Circuit and The Quad, both in metro Phoenix, UpCycle in Austin and Junction 23 in Denver.



Eric Adams. 
About EverWest Real Estate Investors LLC
EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. 

The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets.

 EverWest has an active track record of successful creative office renovations spanning major markets across the West. 

addition to Junction 23, these developments include LINQ in Redondo Beach, California; UpCycle in Austin, Texas; The Quad in Scottsdale, Arizona; and The Circuit in Tempe, Arizona.




CONTACT:

Stacey Hershauer
focusAZ 
P 480.600.0195

Blue Sky Hospitality Solutions Adds Embassy Suites by Hilton Boca Raton and Hampton Inn & Suites Mahwah to Growing, Nationwide Hotel Portfolio



The 236-suite Embassy Suites by Hilton Boca Raton 

BOCA RATON, FL and MAHWAH, NJ — David Fincannon, chief operating officer, Blue Sky Hospitality (BSHS), one of the leading and fastest growing hotel owner/operators in the United States, announced the completion of two separate hotel transactions: the 236-suite Embassy Suites by Hilton Boca Raton in Fla., and the 111-room Hampton Inn & Suites Mahwah in N.J. 

The company plans to invest $10 million to upgrade both hotels.

David Fincannon
                “While both hotels enjoy enviable locations in markets with numerous demand generators, we believe the properties will experience a noticeable improvement to both guest scores and overall revenues following the multi-million dollar renovation plans,” said Naveen Shah, CEO, BSHS. 

 “With their respective proximities to beaches, airports, universities and thriving downtown areas, these hotels are ideal additions to our growing portfolio of owned and operated hotels nationwide.”

Embassy Suites by Hilton Boca Raton

                Conveniently located between Interstate 95 and Yamato Road at 661 NW 53rd Street, the seven-story Embassy Suites by Hilton Boca Raton is just minutes from West Palm beaches, Mizner Park and numerous dining, retail and business outlets. 

Naveen Shah
Hampton Inn & Suites Mahwah 

                Situated at 290 Route 17 Corporate Dr., the Hampton Inn & Suites Mahwah is proximate to Ramapo College and Paramus Park and a short drive to downtown NYC. 

Blue Sky Hospitality Solutions

Headquartered in Uniondale, N.Y., Blue Sky Hospitality is a trusted partner that provides development, management, asset management, renovation and consulting services.  

The company has the experience, talent and resources of a large company while providing the access to senior leadership, flexibility and focus of a small company. BSHS works with each of its owners to understand short- and long-term objectives, creating unique plans to deliver results that move the business onward and upward.

Contact: 

CHRIS DALY
PRESIDENT
DALY GRAY PUBLIC RELATIONS, INC.
620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553


Hold-Thyssen Closes Long-Term Lease at Cooper Commerce Center in Apopka, FL as Online Clothing Retailer Expands in the Area


Troy Stevens
APOPKA, FL – Hold-Thyssen, Inc. a full service commercial real estate firm based in Winter Park , recently closed on a long-term lease agreement for 4,845 square feet of flex space at 535 Cooper Commerce Drive in the Cooper Commerce Center in Apopka.    
 Hold-Thyssen Associate Troy Stevens negotiated the transaction on behalf of the landlord. 

 Laced With Grace, an online clothing retailer expanding in the area leased Suite 330 at the facility and was represented by Michael Etchison of Millenia Partners V, LLC. 

Laced with Grace joins current tenants such as Area Wide Protective and Massey Services.   


Michael Etchison 
 Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 


 The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

 CONTACTS:

 Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 407-691-0505,

 Robert P. Hold, Principal, Hold-Thyssen, Inc.
407-691-0505, bhold@HoldThyssen.com

 Larry Vershel or Beth Payan, Larry Vershel Communications Inc.
 407-644-4142 Lvershelco@aol.com