Wednesday, May 6, 2020

Ware Malcomb Announces Construction Completed on Loloi Rugs Showroom and Distribution Center in Atlanta, GA



Jason Dooley
ATLANTA, GA – Ware Malcomb, an award-winning international design firm, announced construction is complete on a new office, showroom and distribution center for Loloi Rugs located at 840 Cassville White Road in Cartersville, Georgia. 

Ware Malcomb provided architecture and interior design services for the project.

“This new, innovative facility for Loloi Rugs will enable this dynamic company to fulfil its potential for continued rapid growth,” said Jason Dooley, Regional Director of Ware Malcomb’s Atlanta office. 


“Our design addressed the company’s logistical needs as a warehouse and distribution center, but also captured their distinct brand and aesthetic throughout its offices and showroom. The result is a facility that enhances every aspect of their business.”  

Loloi Rugs is a leading textile brand that designs and crafts distinctive rugs, pillows, and throws for the thoughtfully layered home. 


The General Contractor for the project is Alston Construction.

CONTACTS:

Rachel Devany
VP Public Relations
 KCOMM for Ware Malcomb

Maureen Bissonnette,
Associate Principal, Marketing, 
949.660.9128

JLL closes $11 million sale of West Hartford, CT industrial facility


Jordan Avanzato 
MORRISTOWN, NJ – JLL Capital Markets announced  it has closed the $11.2 million sale of a 111,507-square-foot, fully leased light industrial warehouse in West Hartford, Connecticut.

 JLL marketed the property on behalf of the seller, LM Real Estate Partners.  A private investor purchased the asset.

 The light industrial warehouse is situated on 7.36 acres at 141 South St. in West Hartford in an infill location with access to major roadways, including Interstates 84 and 91, which serve densely populated and affluent local and regional submarkets.

Marc Duval
Completed in 1990, the property is home to nine tenants and features a 22-foot ceiling height, 16 loading docks, 10 drive-in doors and a 20% office finish.

The property has attracted tenants by offering well-maintained, mid-size suites with flexible unit sizes, great access and a deep workforce.

The JLL Industrial Capital Markets team representing the seller was led by Directors Jordan Avanzato and Marc Duval, Senior Managing Director Jose Cruz and Associate Nicholas Stefans along with Vice Chairman Rob Kossar and Executive Vice President James Panczykowski.

 “We continue to see demand for well-positioned light industrial warehouses with a focus on transportation/logistics services,” Avanzato said. “Going forward, we see a strong tailwind behind e-commerce as demand has increased, which will further fuel the industrial sector.

Jose Cruz 
“This specific offering provided a unique blend of stability and rent growth potential with a strong and diverse tenant roster featuring a mix of both local and national corporations,” he 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.

Nicholas Stefans
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
  
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.


Contact

Kimberly Steele,
 JLL Senior Associate,
Public Relations
Phone: +1 713 852 3420

JLL completes the sale of 101 South Marengo in Pasadena, CA


Michael Leggett
LOS ANGELES, CA  JLL Capital Markets announced it has completed the sale of 101 S. Marengo, a 315,000-square-foot, Class A office asset in Pasadena, California.

JLL represented the seller and procured the buyer in this transaction.

101 S. Marengo Avenue is located on a 2.88-acre transit-oriented site just one block from the LA Metro Gold line and in close proximity to numerous freeways, including the Pasadena (110), Ventura (134) and Foothill (210) Freeways that provide east and west access to the greater Los Angeles area.

Andrew Harper
 Originally built in 1974, 101 S. Marengo was occupied for many decades by a single tenant that vacated in 2019, and now offers the potential to fully renovate the building and create one of the premier office buildings in the Tri-Cities.

Additionally, with a Walk Score® of 98, 101 S. Marengo is steps from Old Town Pasadena, a 22-block area with numerous dining, retail and entertainment outlets, as well as Paseo Colorado, an outdoor lifestyle destination with top-tier shopping, dining and entertainment featuring Archlight Cinemas, Equinox, Yard House and P.F. Changs, among others.

The JLL Capital Markets team representing the seller was led by Senior Managing Director Michael Leggett, Managing Director Andrew Harper, Director Will Poulsen and Managing Director Patrick Church with the JLL leasing team.

Will Poulsen 
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.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
Patrick Church
  
Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.


Contacts

Andrew Harper, JLL Managing Director
CA Lic.: #01319640
Phone: +1 310 407 2139

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

JLL completes sale of 3 East Texas apartment properties


Summer Brook Apartments, Longview, TX

DALLAS, TX,  May 6, 2020 – JLL Capital Markets announced today it has closed the sale of Summer Brook, Summer Green I & II and Summer Lake, three workforce multi-housing communities totaling 884 units in the East Texas community of Longview.

 JLL marketed the properties on behalf of the seller, BSR Real Estate Investment Trust.

Summer Green Apartments I and II, Londgview, TX

Monarch Investment & Management Group purchased Summer Brook and Summer Green I & II and Saxony Capital Management (“Saxony”) purchased Summer Lake.

JLL’s debt placement team also worked on Saxony’s behalf to secure a floating-rate loan for the acquisition of Summer Lake through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.

 Summer Brook is located at 2300 Bill Owens Parkway in the desirable North Longview submarket near major retail amenities, including Longview Mall and Longview Towne Crossing.

Summer Lake Apartments, Longview, TX
The 12.25-acre property includes a mix of 208 one-, two- and three-bedroom units averaging 855 square feet. 

Summer Brook features a resort-style swimming pool, grilling/picnic area, business center, 24-hour fitness center, reserved covered parking and available private garages, and direct access to the adjacent Paul G. Boorman Running Trail.

 Summer Green I & II is situated on 19.11 acres at 110 E. Hawkins Parkway. The two-phase community features a mix of 164 one-bedroom and 260 two-bedroom units averaging 905 square feet.

Greg Toro 
Community amenities include two resort-style swimming pools, a grilling/picnic area, basketball court, 24-hour fitness center, clubhouse, children’s playground, bark park with pet washing station, and a total of 720 parking 

Summer Lake is located at 3100 McCann Road on a 12.6-acre site adjacent to Longview Mall and Loop 281. Units include a mix of studio, one- and two-bedroom floor plans averaging 852 square feet.

Summer Lake features two resort-style pools, grilling area with pergolas, stocked fishing lake, lighted sports court, clubhouse, dog park and reserved covered parking.

 The JLL Capital Markets team representing the seller included Senior Director Greg Toro and Director Steven Hahn, Jr.

 JLL’s Capital Markets debt placement team assisting Saxony with acquisition financing for Summer Lake was led by Senior Managing Director Mark Brandenburg and Associate Chad Russell.

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


About BSR Real Estate Investment Trust

BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. 

The REIT owns a portfolio of multifamily garden-style residential properties located in attractive primary and secondary markets in the Sunbelt region of the United States.

Mark Brandenburg 
About Monarch Investment & Management Group:

Monarch Investment and Management Group ("Monarch") specializes in the acquisition and management of income-producing real estate, particularly multifamily apartment communities. 

Through these real estate investment vehicles, Monarch provides investors with the opportunity for quarterly income as well as an excellent long-term return on investment.

Unlike investment brokers or REITs (Real Estate Investment Trusts), Monarch remains part of the process all the way through conclusion. 

Chad Russell
The same people who approve the project are the ones who are actively involved in managing the property every day. 

Monarch is personally invested and highly committed to the success of the project at every phase. 

It is this unique and continuous involvement that separates Monarch from the competition and drives superior returns for its investors.

About Saxony Capital Management, LLC:

Saxony Capital Management was formed in 2016 as a boutique real estate investment and advisory firm based in Dallas, Texas. 

Saxony specializes in acquiring real estate assets that provide opportunity for value enhancement through reposition, market displacement, capital improvements and asset management expertise. Since formation, Saxony has purchased more than 2,100 units. 

Contact

Caroline Payan
Lee & Associates
(951) 276-3617
cpayan@lee-associates.com