Sunday, March 15, 2020

Duke of Windsor’s Bahamas Estate on Selling Block for $8.5 Million

 Prince Edward VIII, the Duke of Windsor

Photo credit: Sotheby’s       Source:
New Providence Island, the Bahamas --  Several years after Prince Edward, the Duke of Windsor abdicated as King of England in 1936 in order to marry the American divorcee Wallis Simpson, he became the governor of the Bahamas where the couple bought a Bahamian mansion while awaiting completion of the renovation of Government House, the official residence.

 Duchess of Windsor (Wallis Simpson) and Prince Edward
 Named Sigrist House, it is one of the most exquisite properties in the islands and is now on the market priced at $8.5 million.
Edward Albert Christian George Andrew Patrick David, Prince of Wales, King Edward VIII and finally Duke of Windsor was a square peg that England tried to force into a round hole, according to

Queen Mary
 He made it clear at the outset as a boy that he valued happiness above duty, but no one listened. As the country watched his disdain for various courses of education, his romantic antics with married women and his party-boy behavior, it should have been no real surprise when he opted to reign with the love of his life instead of his country.
But shocked they were and still not a day goes by generations later that his abdication from the throne doesn’t stir up debate among loyal followers of British royalty.

Frederick Sigrist 
King Edward VIII reigned for just under a year before leaving England for exile in France with Wallis Simpson, at which time his title was changed to Duke of Windsor.
He told the family that they would return to live in England in a couple of years but his mother, Queen Mary, told him she would cut off his allowance if he ever moved back to Britain.
Completely devastated, the couple decided to tour Germany against the advice of the Crown. The German tour raised many British eyebrows and gossip began running rampant that the Duke had become a Nazi sympathizer.

Entrance to Sigrist House
 It was at this point and for this reason he was sent to the Bahamas and assigned the governor’s job in 1940.
 Though praised for many good decisions that had positive outcome for the Bahamians, he wasn’t happy there, feeling all the while that he was put there to be forgotten.
He resigned in March 1945, was welcomed into elite society in North America, and finally the couple spent their later retirement in France. He was buried in the Royal Burial Ground in Britain.

Living area, Sigrist House
On their arrival at the island of New Providence, the Windsors moved into this large country estate where they lived until the Government House was renovated.
Located on a ridge just outside Nassau on four acres overlooking gorgeous ocean and bay views, the Spanish-colonial home was built in the 1930s by British-movie-producer Frederick Sigrist who was also a pioneer in aviation.
The 15,000-square-foot main residence has retained its British character with wood-paneled walls and fireplaces, four of which were imported from English country homes. The mahogany walls were shipped to England for finishing then sent back to Nassau for installation.
 In addition to the main residence with four bedrooms, there is a three-bedroom apartment and two four-bedroom guest houses making it convenient and private for guests wishing to have longer visits.
 Though it retains its original character, the entire property has been updated, modernized and refurbished from the roofs to electrical and plumbing along with restoration of the wood and ironwork.

The lushly planted tropical grounds flow out from the terraces and loggia and contain flower gardens, fruit and coconut trees.
The swimming pool and spa have views of the ocean and manicured grounds. Restaurants, shops and a casino are only a short stroll from the estate.

 Mark Hussey

Sigrist House, named for its original owner, was the home of Edward, the Duke of Windsor, and Wallis Simpson in 1940. Considered to be one of the most elegant estates in the Bahamas and host to many dignitaries over the years, it is now for sale.
The listing agent is Mark Hussey, of Damianos Sotheby’s International Realty, Nassau.

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

Twitter:  @toptenrealestat  

JLL completes $102 million sale and $79.35 million financing for three buildings within Coliseum Centre in Charlotte, NC

Ryan Clutter
 CHARLOTTE, NC – JLL Capital Markets announced it has closed the $102 million sale and arranged $79.35 million in financing for Coliseum Centre III, V and VI, three Class A office buildings totaling 511,344 square feet in Charlotte, North Carolina.

 JLL represented the seller, America’s Capital Partners, and procured the buyer, Charlotte-based South Street Partners. Additionally, working on behalf of the buyer, JLL arranged the four-year, floating-rate acquisition loan with Brookfield.

 Coliseum Centre III, V and VI are located at 2550 W Tyvola Road and 2810 and 2815 Coliseum Drive, respectively, immediately adjacent to Billy Graham Parkway in Charlotte’s Airport submarket.

The properties have excellent connectivity to Interstates 77, 85 and 485, the area’s primary transportation arteries, and are a short distance from Uptown Charlotte and the Charlotte Douglas International Airport.

The buildings are also surrounded by some of the top hotel brands. Completed between 1996 and 1998, the six-story buildings are 87% occupied overall and offer a superb amenity package not commonly found in similar-sized buildings.

Chris Lingerfelt 
The amenities include on-site dining options, three oversized fitness centers, conference facility, three large boardrooms, 60-person training facilities with adjacent tenant WiFi lounge and a shared collaboration area.

 The JLL Capital Markets team representing the seller was led by Senior Managing Director Ryan Clutter, Senior Director Chris Lingerfelt and Director Zack Drozda.

 JLL’s Capital Markets team representing the borrower was led by Senior Managing Director Travis Anderson and Director Taylor Allison.

 “Coliseum Center and the surrounding Airport submarket is poised for exceptional growth,” Lingerfelt said. 

“Underlying fundamentals in the area are flourishing as South End continues to inch closer, and affordable well-parked office space becomes scarce.

"Coliseum Centre will be a phenomenal investment opportunity for years to come.”

 “Given the strong employment growth and corresponding leasing demand in Charlotte, opportunities like Coliseum Centre are very attractive to investors,” commented Clutter.

Zack Drozda
 “Our team facilitated a quiet transaction on these three assets matching the right capital source to the right opportunity. 

"The outcome is a win-win for all involved and further demonstrates the strong investor appeal of the Charlotte market.”

“Charlotte has become one of the top markets for office investment nationally and is poised to continue to see significant inbound capital flows,” Clutter 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.

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Travis Anderson
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

About America’s Capital Partners:

America’s Capital Partners (ACP) is a fully integrated, private commercial real estate investment firm headquartered in Coral Gables, Florida.

Its executive team has a market driven investment approach and a reputation for unearthing unique opportunities to ensure consistent diversification of assets across high growth markets.

 About South Street Partners:

Founded in 2009, South Street Partners (“SSP”) is a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC (additional office in Orange County, CA) that has deployed $640 million of capital across commercial and residential assets and has over $1 billion of assets under management.

Taylor Allison
South Street acts as a principal investment platform as well as an operating partner for institutional funds and has successfully closed deals with many private equity institutional partners. 

For more information, please visit:

About JLL:

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

 JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 


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

NAI Realvest Brokers Sale of Lake Mary Blvd Kindercare Property to be Redeveloped for Kids Village Learning Center

Matt Cichocki

 SANFORD  NAI Realvest recently closed on the sale of the 5,959 square foot daycare/education facility at 910 W. Lake Mary Blvd. in Sanford for $760,000.00.  

Principals Matt Cichocki and Kevin O'Connor brokered the sale on behalf of Seller KC Propco, LLC

 The Buyer Kids Village Learning Center LLC’s principal Husain Saleh, will redevelop the property under the Kids Village Learning Center philosophy of environmental learning.  He currently operates three Kids Village Learning Centers in Tampa.

Kevin O'Connor

 O’Connor said the Sanford facility is the third former Kindercare property he and Cichocki have sold for KC Propko within the last three years.  


Kevin O’Connor or Matt Cichocki, Principals NAI Realvest,
407-875 9989,

Patrick Mahoney, President / CEO, NAI Realvest

Beth Payan, Larry Vershel Communications,
407-644-4142 or 407-461-3781 

JLL secures $256 million refinancing for 141 West Jackson, one of Chicago’s most historic office buildings

141 West Jackson, 1.33-million-SF office tower situated in Chicago’s LaSalle Street Corridor that comprises the
44-story North Building and the 22-story South Building.

CHICAGO, IL – JLL Capital Markets announced it has arranged a $256 million refinancing for 141 W. Jackson, an iconic, 1.33-million-square-foot office tower situated at the doorsteps of Chicago’s LaSalle Street Corridor that comprises the 44-story North Building and the 22-story South Building.

Christopher Carroll 
JLL worked on behalf of the borrower, a partnership between funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and GlenStar Properties, to secure debt financing through a domestic financial institution.

 Ownership has successfully instituted a spec suite program and plans to allocate a portion of the loan proceeds toward future leasing.

Known as the Chicago Board of Trade Building (“CBOT”), 141 W. Jackson is proximate to West Loop South, the new epicenter of a live-work-play district offering restaurants, bars, shopping, hotels and residential and office space. 

Boasting a Transit Score® of 100 and a Walk Score® of 99, the property is near numerous CTA line stops with connectivity to O’Hare International Airport, the surrounding Chicago suburbs and the area’s major freeways (Interstates 290, 90 and 94).

Ownership has institutionally maintained and updated 141 W. Jackson by offering robust on-site amenities and technology, including a 24/7 fitness center, video conference center, rooftop deck and game room, Ceres CafĂ© Bar and Patio, Cellars Market and a tenant lobby with concierge services. 
Lucas Borges 
The property is LEED® Silver certified and designated a BOMA 360 Performance Building.

 It has a Platinum Wired Certification, and TOBY named it the 2019 Outstanding Building of the Year for Historical Buildings. 

With a wide range of suite sizes, 141 W. Jackson is home to a diverse tenant roster consisting of companies in the technology, financial services, retail/banking, healthcare, legal and real estate industries, among others.

JLL Managing Director Christopher Carroll and Director Lucas Borges represented the borrower.

“It’s been an absolute privilege to work with the GlenStar and Oaktree team on this special property in Chicago,” Carroll said. “While the remarkable history of this building is well known, the real story here is a next generation icon resulting from the transformative renovations ownership has made.”

“Oaktree and GlenStar have done a tremendous job transforming this architectural masterpiece into a competitive, modern landmark,” Borges added. “Positioned in the path of growth, CBOT is poised to capitalize on increased tenant demand as mega-developments redefine the surrounding area.”

 44-story North Building, Chicago, IL
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 GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas (IL) LP.

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