Sunday, February 23, 2020

Dix Sells Out Class A Office Buildings Within Two Years in Lake Mary, FL

 Ciara Creek Executive Centre, Lake Mary, FL

LAKE MARY, FL --   DIX Developments, LLC has sold out all constructed and buildout Class A professional office buildings at Ciara Creek Executive Centre within two years of acquisition and transitioning the campus - at 711 Longwood-Lake Mary Road across from the YMCA – into office condominiums.
James Dicks

 James DicksCEO of the southeastern U.S. investment and development company purchased the 22,500 square foot Class A office development from Stillwater Companies for $1,775,000, with the purpose of adding another 11,700 square feet in four more buildings.

 The last two new shell buildings in the $4.5 million development are nearing completion and Dicks said he expects they will be under contract in the next 60-90 days.

 The new shell buildings that can be purchased with buyer completing their own buildout or by a turn key build-to-suit arrangement with DIX completing buildout, include one with 2,180 square feet priced at $381,500 and a 2,700 square foot building at $472,500.    

John Kurtz
John Kurtz of Stirling International Real Estate is heading up sales.

Eight stand-alone buildings ranging from 1,350 to 3,150 square feet of custom finished offices with reception areas, break rooms and copy centers were designed specifically for the needs of small to medium-sized companies, particularly physicians, medical related businesses and service providers, Dicks explained. 

“Buyers who are business owners see the significant advantages of owning their own facilities with today’s historically low rates, and investors see the potential of leasing to an investment grade tenant in this exceptional office locale,” he said.

Ciara Creek Executive Centre is one of multiple projects DIX Developments is currently developing throughout Central Florida .  The next one to get underway is University Econ Executive Center an office development the company purchased at the prime signalized intersection of University Blvd. and Econlockhatchee Trail one mile west of SR 417. 


 Scott Prewitt, Executive VP Business Development, DIX Developments, LLC 407-542-6120

 James Dicks, CEO, DIX Developments,
LLC, 407-542-6120,

 Beth Payan, Larry Vershel Communications Inc.

Joint venture purchases 1313 L Street NW in Washington, DC

1313 L Street, an 84,040-SF office building
positioned in the East End submarket
 of Washington, DC

WASHINGTON, DC – JLL Capital Markets announced it has closed the sale of 1313 L Street, an 84,040-square-foot office building positioned in the East End submarket of Washington, D.C. The site is entitled for 180,000 square feet of density.

Susan Carras

National Association for the Education of Young Children (NAEYC) selected JLL to represent it in the sale of its headquarters building. 

Dek Potts
Additionally, JLL procured the buyer, a joint venture between Lincoln Property Company and Cadillac Fairview, who will redevelop the site into a Class A apartment project.

1313 L Street has an irreplaceable location in the heart of Washington, D.C.’s live-work-play environment situated just minutes from Midtown Center, the 14th Street Corridor, Logan Circle, Dupont Circle and Shaw. 

Additionally, the property is walkable to all six Metrorail lines and has excellent multi-modal access to major commuter thoroughfares, including Vermont Avenue, K Street, Massachusetts Avenue and Interstates 66, 395 and 695. 1313 L Street was originally built in 1984 and has served as the NAEYC headquarters since 2006.

Walter Coker
The JLL Capital Markets team representing the seller included Dek Potts, Susan Carras, Walter Coker and Brian Crivella

NAEYC engaged Rich Lane and Eric West of West, Lane & Schlager (WLS) to represent them in its overall real estate matters. WLS is advising NAEYC on its relocation to a new headquarters.

Lincoln Property Company’s residential division and Cadillac Fairview recently announced a long-term strategic partnership, followed by the closing of a U.S. multifamily fund with $800 million in equity commitments from Lincoln Residential, Cadillac Fairview and the Investment Management Corporation of Ontario.

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

Brian Crivella

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.

 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.

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.


NAEYC is the premier professional membership organization; committed to improving the early childhood education profession, and transforming the lives of young children, worldwide.

Rich Lane
 NAEYC advocates for thousands of early childhood professionals who care for, educate, support and work on behalf of children, birth through age 8.

 Learn how to get involved with NAEYC at

About Lincoln Property Company

Lincoln Property Company was founded in 1965, by Mack Pogue, as a builder and operator of high-quality residential communities. 

Headquartered in Dallas, Texas, Lincoln focuses on real estate investment, construction and development, in addition to property management. 

Their national reputation has enabled Lincoln to attract a large client base of owners and investors who count on their ability to deliver quality results and continually serve as a market leader.

Eric West
 Lincoln is currently the second largest multifamily manager in the United States with over 200,000 units under management and the fifth largest multifamily developer.


Kristen Murphy
 JLL Senior Manager
 Public Relations
Phone: +1 617 848 1572

Olivia Hennessey
Senior Associate, Public Relations
Jones Lang LaSalle Americas, Inc.
9 Greenway Plaza, Suite 700
Houston, Texas 77046
T +1 713 852 3403