Tuesday, December 24, 2019

Kelly Clarkson’s Tennessee Lake Mansion on Selling Block for $7.49 Milion

Kelly Clarkson's secluded mansion in Hendersonville, TN
Photo credit: Parks Realty               Source: www.parksathome.com

HENDERSONVILLE, TN --Kelly Clarkson made a meteoric rise to stardom after singing and winning the first season of American Idol in 2002.

Kelly is now one of America’s favorite entertainers, judge on The Voice and host of her new NBC talk show. Ten years after her American Idol win, Kelly bought a Tennessee lake home in Hendersonville, 25 miles up the Cumberland River from Nashville.

                                   Kelly Clarkson
Her Tennessee mansion is for sale, priced at $7.49 million, according to TopTenRealEstateDeals.com

Who needs a vacation when you could live in a home designed to take full advantage of its recreational waterfront setting with a boating distance of almost a hundred river miles, water ski, fish, jet ski, swim or explore the endless Old Hickory Lake shoreline by boat or one of the Tennessee waterside parks?

Or go by boat to the Rudder Restaurant at the Anchor High Marina to enjoy some good food by the water while enjoying live music from some of Nashville’s best local stars.
The Clarkson house is positioned on four acres with an adjoining useable two acres owned by the Army Corps of Engineers.

With its outward curving shoreline, the water views are exceptional and a two-boat covered boathouse with a lift that is near the left property line so as not to interfere with the views.

There is a long gated driveway to the entrance car park with center fountain. Grounds are dotted with mature trees, lots of emerald lawn, a sand volleyball court, English-style gardens, a conservatory/greenhouse and large pool/spa terrace with pavilion for outdoor dining with fireplace, all accessed via a double-sided-curved staircase descending from the upper terrace.

The size of the grounds invites children into a safe place to build forts and play Swiss Family Robinson with anticipation of sailing in little boats as they get older.
The 20,121-square-foot house has plenty of space for family, friends and stay-overs. The home’s entrance is into a grand foyer with soaring double staircases, the heart of the home is filled with family warmth and fun for casual entertaining, particularly the cowboy bar with its saddle bar stools.

Included are seven bedrooms, one of which is a large master suite with seating area in front of a fireplace and stunning master bath, eleven baths, family room, movie theater and a children’s room with four built-in bunk beds and good-sized play area.
 There is a billiard/game room, additional seating rooms, large gym, a two-level office and an elevator.

Jack Miller
Singer, songwriter and talk-show host, Kelly Clarkson, is now living near the California studio where she is filming The Voice and her weekly talk show, The Kelly Clarkson Show, and is selling her lakefront home near Nashville.
Jack Miller, the listing broker, is with stutts-miller properties at PARKS Real Estate, Nashville.


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

Twitter:  @toptenrealestat

Chicago-Based Parkside Realty, Inc. Celebrates Topping Off of Fulton East, Modern Office Building in Chicago’s Fulton Market District

 Fulton East, a new-construction, 12-story office and retail building in Chicago’s Fulton Market District, has topped off and is scheduled to deliver in June 2020.

CHICAGO, IL — Chicago-based real estate developers Bob Wislow and Camille Julmy of Parkside Realty, Inc. announced the topping off of Fulton East, a 12-story, 90,000-square-foot modern glass-and-steel office and retail building in Chicago’s historic Fulton Market District. 

Chicago-based Clayco is leading the design-build effort for Fulton East with its in-house architecture firm, Lamar Johnson Collaborative. The building, located at 215 N. Peoria St., is scheduled to be ready for occupancy in June 2020.

A lit fir tree was added to the roof of Fulton East to celebrate the topping off of the 12-story office and retail building. The tree is located near the project’s “You Are Beautiful” art installation by Chicago-based artist Matthew Hoffman.

 “We are proud to achieve this construction milestone for Fulton East, which will be among the first new-construction Class A boutique office buildings in Chicago’s hottest downtown submarket,” said Wislow, chairman and CEO of Parkside Realty, Inc. 

Camille Julmy
“In just a few months, we will deliver a building that offers flexible floor plans to meet the workspace needs of companies desiring a Fulton Market address to attract top talent. 

"Businesses across industries, whether design firms or law firms, innovative tech companies or established consultancies, desire this dynamic, convenient location and all the special qualities of a new building.”

With forward-thinking design as a differentiator, Fulton East features 11-foot, 4-inch ceilings; floor-to-ceiling windows for maximum day lighting; and multiple connections to outdoor space. 

Building amenities include spacious 9-by-27-foot balconies on each floor for meetings or relaxing, as well as an 8,000-square-foot landscaped rooftop park exclusively for tenant use.

             Bob Wislow
This shared rooftop amenity will feature comfortable seating designed for daily work, team meetings and client entertainment, with state-of-the-art connectivity for product demonstrations, sports viewing or movie nights.

And because Fulton East is surrounded by landmarked buildings, tenants will enjoy maximum sunshine and unobstructed views of the Chicago skyline.

“There’s high demand for this type of customizable office space in one of the country’s most exciting urban neighborhoods, and we’re thrilled we’ll be able to deliver Fulton East quickly by utilizing a thoughtful design-build strategy,” said Bob Clark, Clayco’s founder, chairman and CEO.

“Design-build is the fastest growing method to deliver construction projects in America today, with designer and contractor working together as a team to make necessary changes or resolve construction issues. By choosing this collaborative approach, Parkside has been able to keep Fulton East on track.”

Bob Clark
Fulton East features eight floors of highly efficient office space, each with a 10,605-square-foot, virtually column-free floor plate. 

Designed to appeal to a broad range of tenants, each floor can be used in its entirety, combined with other floors or subdivided for smaller companies. 

In addition to the rooftop green space with interactive multi-function TV screens and private balconies on each floor, building amenities include three floors of reserved indoor parking and an enclosed bicycle storage room. At ground level, 5,000 square feet of retail space is available for lease.

Fulton East is centrally located, pedestrian-friendly and stands in the center of some of the city’s most popular dining, retail and nightlife offerings.

Matthew Hoffman
The building is easily accessible from the city and suburbs with its location just west of the Kennedy Expressway, only one-and-a-half blocks from the CTA’s Morgan Green and Pink Line station, two blocks from the No. 8 Halsted bus route and about a 10-minute walk to the nearest Metra commuter rail station.

For leasing inquiries, contact Katie Scott at (312) 218-6347 or ks@fulton-east.com, or Camille Julmy at (312) 259-5663 or cj@fulton-east.com

To learn more, please visit www.fulton-east.com or follow the project on Instagram at @fultoneastchicago; on Facebook at Fulton East Chicago; and on LinkedIn at Fulton East.


 Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523
Gretchen Muller, gmuller@taylorjohnson.com, (312) 267-4511

Prime Real Estate Acquired in Grocery Retail Portfolio Deal; Winstanley Enterprises, LLC and Surrey Equities, LLC acquire collection of properties for $150 million

Adam Winstanley
Concord, MA, Dec. 24, 2019  – In a major year-end real estate transaction, Winstanley Enterprises, LLC. of Concord, MA and Surrey Equities, LLC. of New York, NY have closed on an established portfolio of 23 triple-net leased supermarkets to Ahold Lease USA, Inc., for $ 150 million.

“Ahold Delhaize” is a wholly owned subsidiary of supermarket giant Koninklijke Ahold Delhaize N.V.

Ahold Delhaize owns several popular US supermarket brands including Stop & Shop, Hannaford, Food Lion, Giant, Giant Landover, and Peapod. The acquired properties in the New England market are home to Stop & Shop branded supermarkets with Massachusetts locations in Watertown, Arlington, Lexington, Peabody, South Yarmouth, Raynham, Fall River, and Attleboro.

Edward Silvera
 The portfolio also includes three Stop & Shop branded stores in Connecticut located in Seymour, Cromwell and Willimantic and three Stop & Shop stores in Rhode Island located in Smithfield/Grenville, Providence and North Smithfield.

“We felt that this portfolio was a unique investment into a series of prime locations throughout New England and into the South,” said Adam Winstanley, a principal of Winstanley Enterprises.

 The portfolio was acquired by Winstanley and Surrey as part of a long-term investment strategy to acquire well located urban infill supermarkets in hard to replicate locations.

Ben Cooper 
The locations will continue to operate as supermarkets with the Winstanley/Surrey team becoming the new landlord.

“This was both an opportunity to expand our overall portfolio along the East Coast, and investment into some very solidly located urban retail sites,” said Edward Silvera, president and principal of Surrey Equities.

The deal included twenty-three supermarket sites with fourteen locations being in New England and other sites located in New Jersey, New York, Pennsylvania, Virginia, North Carolina, South Carolina, and Georgia.

 The total square-footage is 1.4 million square feet. The brokers in the transaction were Ben Cooper and Jim Jordan of Cushman & Wakefield and the Seller was Philip Morris Capital Corporation.

Jim Jordan
 Winstanley Enterprises, LLC. is one of the larger regional owners of commercial space in New England with 12.5 million square feet.

Winstanley has a proven track record of local success and experience from recent acquisitions and projects throughout New England, having transformed both warehouse-manufacturing and commercial retail spaces into vibrant contributors in their communities.

Winstanley Enterprises, LLC headquartered in Concord, Massachusetts is a fullservice real estate company providing construction and property management services.

The firm’s area of specialty includes industrial & logistics, biotech, R&D, retail, multifamily, and office properties.

Surrey Equities, LLC. a real estate investment and management firm based in New York City. Surrey Equities, LLC was formed in 2004 by Leon Silvera, Allan Silvera, and Edward Silvera with a focus on retail properties located throughout the Eastern United States. Currently, Surrey Equities owns over 2 million square feet of retail properties.


 Sean Shortell
Watkins Strategies
781-720-9726 (cell)


Lincoln Property Co. Sells First Building at The Grand in Tempe, AZ for $90 Million

The Grand at Papago Park Center in Tempe, AZ

Dave Krumwiede
TEMPE, AZ, Dec. 24, 2019 – NAIOP Arizona Owner/Developer of the Year Lincoln Property Company (LPC) has just completed the $90 million sale of Grand 1, marking the first Class A office building to be developed, fully leased and sold by LPC at The Grand at Papago Park Center in Tempe, Arizona.

With the sale of Grand 1, LPC has completed three of the top five commercial real estate sales in Arizona in 2019, totaling $270 million between Grand 1, the Waypoint office campus and Lincoln Logistics 40 in Goodyear, which was sold to Nike.

The Grand 1 acquisition also represents the Phoenix market entry for property buyer Susquehanna Holdings Ltd., a Florida-based holding company whose current portfolio includes office and industrial assets primarily concentrated in the Southeastern U.S.

Doug Klocke
The building is the first of 1.8 million square feet of Class A office space slated to be developed by LPC at The Grand at Papago Park Center, a mixed-use project totaling 60-acres and slated for 3.2 million square feet of office, multifamily, hotel, retail and restaurant space on the last developable parcel within the 350-acre Papago Park Center business park.

“Our mission is to create iconic real estate projects for market-leading companies and strategic investors,” said Lincoln Property Company Executive Vice President David Krumwiede.

“We feel confident that we’ve done that at The Grand, and across the Valley, and we look forward to repeating that success with many buildings to come.”

Located along the Loop 202 freeway at 1101 W. Washington St., Grand 1 totals 219,212 square feet and four stories of Class A office space, along with an adjacent four-story parking garage.

Kevin Shannon
 The building is fully occupied by a long-term, multi-story lease to Tokyo-based MUFG, one of the world’s leading financial groups, and a full top floor lease to global logistics leader SAP.

Together, these tenants enjoy a modern office environment with flexible floorplates, high-end contemporary interiors, indoor and outdoor collaboration areas, a first-floor quick-serve deli and an on-site property management office.

Earlier this month, DoorDash also signed a full-building, 354,435-square-foot lease for LPC’s newly completed and adjacent Grand 2 building. This brings both office buildings at The Grand at Papago Park Center to 100 percent leased.

“The fundamentals of the Tempe market meet all of the criteria we look for. Combined with the premier building quality of the Grand 1, its strong credit tenants, its multi-modal access and Lincoln’s vision makes this a particularly attractive purchase,” said Susquehanna Holdings Managing Partner Matthew Wideman.

Ken White 
“The acquisition is a win for our company, Lincoln’s expertise in office development is a win for Tempe and the jobs are a win for Arizona.”

According to Wideman, Susquehanna Holdings tends to look long term and sees Phoenix positioned to economically outperform most major Western U.S. markets in the coming years and decades.

“It has been gratifying to guide the Grand 1 from pre-construction and lease-up through to its sale to such a high-quality buyer,” said Lincoln Property Company Vice President of Development Doug Klocke

“Susquehanna Holdings is an experienced owner that will maintain the quality of this premier building.”

The Grand at Papago Park Center offers approximately one-half mile of Loop 202 frontage, two freeway off-ramps and is bookended by two Light Rail stops, making it the first stop by light rail or by car coming out of Phoenix Sky Harbor International Airport and within minutes of Arizona State University.

            CJ Osbrink
Together with a location on the north side of Tempe Town Lake, these advantages can cut employee commute times by 30 or more minutes compared to projects on the south side of the Lake.

The project was named after the adjacent Grand Canal, developed in the 1870s to bring water from the Salt and Verde rivers to Metropolitan Phoenix.

The canal was relocated to run through The Grand project, creating a stunning central water feature surrounded by multi-use walking and biking paths.

Kevin Shannon, Ken White and CJ Osbrink from Newmark represented LPC in the sale of Grand 1. LPC serves as the developer, leasing agent and property manager for all office space at The Grand.

More about The Grand at Papago Park Center is available at www.thegrandtempeaz.com.

John Orsak 
To discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.


Stacey Hershauer