Friday, January 31, 2020

Mark IV Capital delivers fourth office building at Chandler Freeway Crossing in Chandler, AZ


Kelly Kharbanda

PHOENIX, AZ – Developer Mark IV Capital has delivered its fourth Class A office building at Chandler Freeway Crossing. 

Dubbed 2625 at Chandler Freeway Crossing, the new Chandler, Arizona building features Class A, country-club-style amenities and direct freeway frontage at the Loop 101/202 interchange, within the popular Price Road employment corridor.

The 2625 building joins three existing Mark IV buildings at the 40-acre Chandler Freeway Crossing project, bringing the business park to more than 425,000 square feet of completed space. 

Dave Seeger

The park’s first three buildings are fully leased to General Motors, ASML, Western Digital and VenSure Employer Services. An additional, 150,000-square-foot building is on the drawing board, for construction upon the successful lease-up of the 2625 building.

JLL Managing Directors Dave Seeger and Mark Gustin are the exclusive leasing brokers for the business park.

“Chandler Freeway Crossing has been a success story from the start,” said Mark IV Senior Vice President Kelly Kharbanda. 

“Our first three buildings quickly stabilized with long-term credit tenant leases. We expect to have similar success at 2625, which has been delivered at a time of tremendous corporate demand for well-located, highly amenitized East Valley office space.”

Mark Gustin

JLL has already fielded strong interest from multiple tenants seeking 25,000 square feet to full-building occupancy at 2625 at Chandler Freeway Crossing.

“This building represents a new era of office product on the Price Road corridor, where tenants can enjoy the same level of freeway accessibility, high-end amenities and shopping and dining that they would find at even the newest developments in downtown Tempe or Phoenix,” said Seeger.

                              Chandler Freeway Crossing Deck

Located at 2625 W. Geronimo Place, 2625 at Chandler Freeway Crossing totals 156,823 square feet in three stories. It features a three-story glass-lined lobby with modern furnishings, 50,000-square-foot floor plates, high 14-foot interior office ceilings and country-club style restrooms with men’s and women’s showers on all floors. 

Common area amenities include a 1.25-mile running path, first-floor patio area and designated food truck court.

2625 at Chandler Freeway is the fourth Class A office building                               at Chandler Freeway Crossing

The building is topped off with an elevator-served VIP roof deck designed for tenant collaboration and events with shaded seating areas, a spectator bar, gas barbeques, designated area for lawn games, full restrooms and stunning views.

Contact:

Stacey Hershauer
Phone: +1 480 600 0195




JLL closes sale of Chapel Hill, NC apartments


Andrea Howard

CHARLOTTE, NC – JLL Capital Markets announced it has closed the sale of Alta Blu, a 298-unit, Class A apartment community in Chapel Hill, North Carolina.

JLL marketed the property on behalf of the seller, Wood Partners, and procured the buyer, Principal Real Estate Investors.


 Justin Good 
Alta Blu is located at 5840 Farrington Road in Chapel Hill near some of the Research Triangle’s largest knowledge and technology-driven employers.

 The property is also near Highway 54 and Interstate 40, which provides residents with easy access to the area’s top retail and grocers. 

Completed in 2019, the community consists of 282,628 rentable square feet of residential across a mix of studio through three-bedroom homes and 5,000 square feet of co-working office space. 

Apartments feature spacious floor plans, stainless steel appliances, sleek white cabinetry, granite countertops, expansive walk-in closets, wood-style flooring, in-home washers and dryers, and private patios or balconies. 
Community amenities include a saltwater pool, courtyard with outdoor theatre, resident lounge, business center, fitness center, dog walking service and nearby access to botanical gardens and walking trails.

 Jeff Glenn
The JLL Capital Markets team representing the seller was led by Managing Directors Justin Good and Jeff Glenn, Senior Vice President Alta Blu,, Senior Directors Allan Lynch and Caylor Mark, and Vice President John Currin.

“Alta Blu’s sale represents the latest institutional endorsement for Chapel Hill and the greater Raleigh-Durham MSA,” Glenn said. “Unique product with tremendous access to STEM jobs and intellectual capital continues to garner significant investor interest.”

“With ties to UNC-Chapel Hill and Duke University across all parties to the transaction, Alta Blu’s growth story and investment thesis resonated on many levels from ground-up to ultimate sale,” Mark added.

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

 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.


Allan Lynch
 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 Web page: U.S. newsroom.


About Wood Partners:

Wood Partners is a national real estate company that acquires, develops, constructs and property manages multifamily communities. It ranks consistently among the top five multifamily developers in the country. 

Through quality construction, responsible land development and intelligent design, its communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. 

The company has been involved in the acquisition and development of more than 75,000 multifamily homes with a combined capitalization of more than $13.1 billion nationwide. 

Caylor Mark
The company currently owns 63 properties across the United States with a combined total of more than 17,000 homes. 

Wood Partners has offices in 18 major markets nationwide, including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, San Francisco, Washington, D.C. and West Palm Beach. 

To learn more about Wood Partners, please visit WoodPartners.com.

About Principal Real Estate Investors:

Principal Real Estate Investors manages or sub-advises $85.7 billion in commercial real estate assets (as of September 30, 2019). The firm's real estate capabilities include both public and private equity and debt investment alternatives.

John Currin
 Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

Contact:

 Olivia Hennessey
 JLL Senior Associate
 Public Relations  
Phone: +1 713 852 3403
Email: Olivia.Hennessey@am.jll.com


Wednesday, January 29, 2020

Ware Malcomb Announces Carrick Boshart Joins Pleasanton, CA Office as Director, Architecture


Carrick Boshart 

PLEASANTON, CA – Ware Malcomb, an award-winning international design firm, today announced Carrick Boshart has joined the firm as Director, Architecture in the Pleasanton office.

Working under Principal Jim Terry, Boshart leads the growth and management of the Architecture Studio and oversees all architecture projects for the Pleasanton office.

Boshart joins Ware Malcomb with over 20 years of architecture and construction experience. Boshart brings experience leading a wide range of project management teams with an emphasis on operations. 

Jim Terry
He has overseen planning, design, budgeting and construction for a variety of complex architectural projects including cost estimating, financial and budget management, business development, project scheduling, sustainability, operational efficiency, construction, competitive bidding and building code compliance.

“We are very excited to welcome Carrick to the Ware Malcomb team. We look forward to his many contributions in the areas of both architectural design and operational leadership in the years to come,” said Gary Drew, Regional Vice President of Ware Malcomb’s Pleasanton office. 

“As Director, Architecture, Carrick will fill a key role on the Pleasanton leadership team in assisting in business development and operations,” said Jim Terry, Principal, Architecture. “I am looking forward to partnering with him to grow the architecture studio and increase our project diversification.”

Gary Drew
A licensed architect in the State of California, Boshart holds a Bachelor of Architecture degree from California Polytechnic State University, Pomona. 

He is a Member of the American Institute of Architects (AIA), AIA Santa Clara, U.S. Green Building Council (USGBC), National Council of Architectural Registration Boards (NCARB), International Council of Shopping Centers (ICSC), National  Association of Office and Industrial Parks (NAOIP), and Real Estate & ConstructionNetworking (RECON).







CONTACTS:
                                                                                     
 Rachel Devany
VP Public Relations
 KCOMM for Ware Malcomb

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


Local Veteran Retail Expert Featured Speaker at Upcoming ULI Central Florida 2020 Real Estate Trends Conference in Orlando, FL


John Crossman
ORLANDO, FL ---   Urban Land Institute (ULI) of Central Florida will host its 2020 Real Estate Trends 360º Conference Feb. 12 in Orlando, FL at the Harriett’s Ballet Center , 600 N. Lake Formosa Drive.  
Some of the country’s most renowned experts in the financial and real estate arena will address the crowd.
John Crossman, veteran retail expert, frequent speaker at colleges and universities, and one of Orlando ’s most influential business leaders will be a keynote speaker.  He will present an overview of Retail Trends in Central Florida .
Other distinguished speakers and topics featured at the conference include Mayor Jerry Demmings with a regional outlook report; a regular on Fox Business and Bloomberg TV Mitch Roschelle of Pricewaterhouse Coopers will cover National Economic Trends; and Paul Doherty CEO of TDG, author and consultant to Fortune 500 companies will discuss Central Florida as a “ Smart City .”
Mayor Jerry Demmings







CONTACTS:

John Crossman, CCIM, CRX,
 407-581-6218 
jcrossman@crossmancb.com 

Beth Payan, Larry Vershel Communications Inc
 407-644-4142 or 407-461-3781 
beth@larryvershel.com


The conference, which is hosted annually by ULI for specialists throughout the U.S. and Canada, will be held from 12:30 p.m. to 6 p.m    

The public is invited and admission is $150 for non-members until Feb. 9;  $190 before Feb. 10. 
Find out more and about special pricing available for students and young professionals under 35 at https://centralflorida.uli.org/events/detail/C16DE49D-CB91-41E1-8316-A8FFD5E74D4E/

For more information about sponsoring the conference, please visit centralflorida.uli.org.   






Monday, January 27, 2020

Skyland Town Center Announces Newest Retail Tenants


Rendering of Skyland Town Center, Southeast Washington, DC

McLean, VA, Jan. 27, 2020—Skyland Town Center, located in Ward 7 at the intersection of Alabama Ave., Naylor Road and Good Hope Road in Southeast, Washington, DC, announces the addition of two new tenants—Starbucks and Chase Bank.


Angie Trosper

Starbucks, opening in late 2021, will be the first drive-thru café in the city. Chase Bank will also open in 2021.

 Rappaport’s Jim Farrell, Thomas Bolen III and Michael Leon represented Skyland Town Center in both the Starbucks and Chase transactions.

Muriel Bowser

Jim Farrell
Angie Trosper with CBRE represented Starbucks and Matthew Alexander with Dochter Alexander represented Chase.

With Skyland nearing completion, there has been a flurry of activity and interest in the project.

Developers Rappaport and WC Smith are also working with Matthew Sullivan of Cushman & Wakefield to pre-lease a four-story Medical Office Building on the site. 
Matthew Alexander 

In addition to interest in the medical building, the leasing team is pursuing a variety retail including a boutique fitness, restaurants and other service uses.

These new tenants will join Lidl and CVS, which is already operating on-site in temporary quarters. The first phase of construction, which includes CVS is 84,500 square feet of space.

 In addition, residents of Skyland Town Center are expected to move in late 2020 while retailers will open their doors early 2021. 


Thomas Bolen III 
Upon completion, Skyland Town Center will have approximately 135,000 square feet of retail and 450-500 residential apartments in a vibrant town square setting.

Skyland Town Center will provide retail services and amenities to the community in an area just east of the Anacostia River.

 “We’re very excited about Skyland Town Center and how it’s coming together,” said Rappaport President Henry Fonvielle. “Our leasing team is actively working on attracting high-quality and essential retail, dining and services that will greatly enhance the community.

Michael Leon
"We’re proud to be able to serve as a catalyst to make Skyland the heart of the community. These new additions are going to greatly improve the offerings in this neighborhood and will be a huge benefit for a community that has long been underserved.” 

 “This fall we will deliver 263 new apartments, across 290,000 square feet, to Skyland Town Center,” said WC Smith CEO Chris Smith.

Matthew Sullivan 
“We look forward to offering our future residents the services Starbucks and Chase Bank provide. These businesses will be a welcome addition to the Skyland community and surrounding neighborhood.”

 “We know that residents in every part of D.C. want access to amenities, and so that is what we are bringing to Skyland,” said Mayor Muriel Bowser.

“We were thrilled to announce last year that Lidl is on the way, and now we are pleased to be able to say that this project is shaping up to be a true town center that will deliver jobs and opportunity to the Ward 7 community.”

Chris Smith
 About Rappaport:

Founded in 1984 by Gary Rappaport, Rappaport is an owner, developer and provider of leasing, tenant representation, property management, marketing and development services.

 The firm's multiple service lines and broad diversity of clients ensure an enhanced perspective on the entire retail real estate process, making the company one of the most well-known and well-respected retail real estate firms in the Washington, DC region.

Gary Rappaport
Rappaport has the ability to successfully adapt to the ever-changing, fast-moving, innovative, and entrepreneurial retail industry. 

As a trusted advisor with the right connections, unique experience, and in-depth market awareness, Rappaport has mastered the art of cultivating places.
  


CONTACTS:

Vicki Bendure
202-374-9259 cell/text

Dee Singletary
301-675-5264


OTL Furthers Global Expansion; Appoints New Vice President to Manage Business Development



Barry Caylor 

Anaheim, CA (Jan. 27, 2020) – As a continuation of its global growth initiativeOutside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, fountains, rockwork and themed environments, has announced that 30-plus-year water feature industry veteran Barry Caylor has joined the firm as Vice President of Business Development to manage the firm’s ongoing international expansion.

“The call for fountains and themed environments in a variety of commercial property and public space settings has grown louder, creating a robust pipeline of new projects for the OTL team,” says J. Wickham Zimmerman, Chief Executive Officer of OTL.

“Today’s developers and property owners are seeking innovative, technology-driven, and experiential amenities for their developments that will attract more tenants and visitors to these destinations and distinguish them from their competitors.”

In his new role, Caylor will create new business opportunities while maintaining and nurturing relationships with existing clients.

J. Wickham Zimmerman

Based in Dallas, Texas, he will oversee OTL’s business development teams while leveraging his depth of knowledge in commercial water features and related systems to support the firm’s core competency.

“Given the growth OTL is experiencing across the globe, strong management of this expansion continues to be essential,” says Caylor.

 “As we take on new opportunities throughout the country, our focus is to continue adding top talent to our team, while fine-tuning procedures that will positively impact our company and our Clients for the long term.”

Contacts:

Alex Caswell / Jenn Quader
Brower Group
(949) 438-6262


Native Realty Brings Mitch’s Westside Bagels to Motif in Flagler Village, Fort Lauderdale, FL


 Rendering of Motif, a planned mixed-use development
at 
500 North Andrews Avenue, Fort Lauderdale, FL

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, finalized a lease for popular restaurant Mitch’s Westside Bagels to open a new location at Flagler Village development Motif.

Sturgis and the firm’s John Brewer arranged the transaction.

Mitch Shidolfsky
 A longtime staple for deli enthusiasts in Weston, Mitch’s is set to open a 2,000-square-foot restaurant on the ground floor of Motif.

ArchCo Residential and Bluerock Real Estate Holdings are building Motif at 500 N. Andrews Ave. 

The site of the 385-apartment project with nearly 25,000 square feet of retail and restaurant space spans a full block from North Andrews Avenue to Northeast First Avenue and from Northeast Sixth to Fifth streets.

Native is exclusively marketing the retail and restaurant space at Motif. Financial terms of the Mitch’s lease were not disclosed.

John Brewer
 A traditional New York-style deli owned by Mitch Shidolfsky, Mitch’s is known for its fresh bagels made on site, homemade salads, smoked fish shipped from Brooklyn and more.

“Mitch’s is sure to have a big following among residents of Motif and others who live, work and spend time in Flagler Village,” Sturgis said. “We are excited to secure this lease with the restaurant and look forward to announcing additional tenants at Motif soon.”

The North Phase of Motif is scheduled to be completed in January 2020, with the South Phase to follow in April 2020. 

Motif’s design includes a paseo that will connect North Andrews Avenue to Northeast First Avenue and double as an entertainment venue, with market stalls, outdoor restaurant seating, a 7,396-square-foot public plaza and courtyard.

Jaime Sturgis
Motif is an example of how prominent developers and investors who historically would have hired large national real estate brokerages to market their commercial projects are increasingly turning to Native in the Flagler Village area.

The latest transaction keeps the momentum going from a historic year for Native and Sturgis. 

The year began with the January 2019 milestone sales of The Hive and Flagler Uptown in Flagler Village, which set neighborhood records on both a price per building square foot and land square foot basis and was the culmination of Sturgis’ multi-year efforts successfully curating the properties with a vibrant mix of tenants.



On Oct. 30 in Miami, Sturgis was honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 CONTACT:

Eric Kalis
Vice President, BoardroomPR
O 954-370-8999 
C 305-794-5123