Stos Partners Turns $48 Million in Investments into Nearly $83 Million in Sales

SOLD: 228,912 square-foot industrial
 asset at 42301 Zevo Drive in the Inland
Empire submarket of Temecula, Ca 

 CJ Stos

 Temecula, CA – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the $40.75 million sale of a 228,912 square-foot industrial asset in the Inland Empire submarket of Temecula, California, bringing its total sale volume for the month of July 2021 to $82 million.

 “Our two most recent sales demonstrate the magnitude of value creation that is possible in the current market with the right industrial investment strategy,” says CJ Stos, Principal at Stos Partners.

 “We were able to successfully turn $50 million in investments into $82 million in sales within an 18-month ownership period.

 "This reflects the strength of our investment platform as well as the ever-increasing institutional appetite for well-positioned, well-located industrial product.”

Darla Longo

 Stos’ most recent sale in Temecula was to a San Diego-based private institution. Stos initially acquired the asset for $28.9 million in April of 2020 and implemented a value-add program through which the firm successfully secured a long-term tenant and ultimately achieved a 41% value increase.

Jason Richards

 “We recognized early on that this asset was located on a path of growth, with a tremendous amount of unrealized value,” says Stos.

  “This sale speaks to our expertise in acquisitions and execution, and to the depth of our broker relationships, through which we were able to identify this asset and complete its strategic lease-up and sale.”

 The firm’s recent transactions also reflect continued demand in the industrial sector, buoyed by strong local fundamentals, as well as emerging and accelerated trends over the past year and a half, notes Jason Richards, Partner at Stos Partners.

 “We are extremely well-capitalized and have an exceptional understanding of these Southern California industrial markets, so we are able to move and act quickly to close deals and execute our business plans when the timing is right,” says Richards.

Barbara Perrier

 According to Jay Boyle, Executive Vice President at Stos Partners: “While many firms hit pause and sidelined early in the pandemic, we had the foresight, confidence, and expertise to forge ahead.

 Jay Boyle

 "Because of this, we were able to create rapid value for our partners and investors, and ultimately achieve these respective 123% and 41% value increases in a relatively short hold period.

 "These fundamentals bode well for the future, as we continue to actively acquire well-located industrial and office properties throughout Southern California and Texas.”

 The firm’s most recently sold property is located at 42301 Zevo Drive in Temecula, California.

 Darla Longo, Barbara Perrier, Louay Alsadek and Hunter Rowe with CBRE represented the buyer.

Louay Alsadek

Bob Willingham with Kidder Matthews and Scott Stewart with Lee & Associates represented Stos Partners as the seller in this transaction.

About Stos Partners

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors. 

Hunter Rowe

With a track record spanning over one billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through opportunistic acquisitions, strategic redevelopment, and ground-up development of both institutional and small-to-mid-cap commercial properties.

        Bob Willingham 

 

CONTACTS:

           

  Katie Haga / Elisabeth Manville

Brower Group

(949) 438-6262

khaga@brower-group.com  

 

www.stospartners.com.

 

 

Hold-Thyssen Negotiates $7 Million Sale of High-Profile Winter Springs, FL Office Building

Nicholas B. O’Shea 

 WINTER SPRINGS, FL  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently closed on the sale of Vistawilla Office Center built in 2006 at 1511 E. SR 434 at the intersection of State Road 417.   

 

Hold-Thyssen’s Transaction Specialist Nicholas B. O’Shea negotiated the sale representing the seller Vistawilla Office Center , LLC. 

 

The buyer, an Orlando-based investor, paid $7,000,000 for the 39,877 square foot, fully-leased building on a five-acre site. 

 

Noteworthy long-term tenants include The Seminole County-University of Central Florida Business Incubator, leasing 10,000 square feet, Alpha EMC, leasing 9,428 square feet and Snap-On Tools Company, with 3,140 square feet.

 

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

 

CONTACTS:

           

Anthony Fisher, Vice President, Hold-Thyssen Inc.,

 407-691-0505, afisher@HoldThyssen.com

 

Robert P. Hold, Principal, Hold-Thyssen, Inc.,

407-691-0505, bhold@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc. 

407-644-4142 Beth@larryvershel.com.

 

 

MLILY commits to 1.25 million SF lease at largest Hines single-building development in Glendale, AZ

Courtney Schneider

 

 GLENDALE, AZ – Globally recognized mattress manufacturer MLILY has committed to a 1.25 million-square-foot lease at Glendale 303 (G303).

 The lease fills a just-completed, 569,520-square-foot industrial building and initiates an expansion of G303 to fulfill the tenant’s larger, single-building lease requirement.

 

Glendale 303, when completed in 2022
in Glendale, AZ, the building will become
the largest single-building Hines
 developmentto date in the U.S.

The Class A industrial project is a development of international real estate firm Hines, with funds managed by Oaktree Capital Management L.P. (Oaktree). 

 When completed, G303 will become the largest single-building Hines development to date in the U.S.

 Managing Director Bill Honsaker and Senior Vice President John Lydon from the Phoenix office of JLL represented Hines in the lease transaction.

Bill Honsaker

 

 Payson MacWilliam and Yang Chen of Colliers International represented the tenant. The Southwest Division of Graycor Construction Company serves as the project’s general contractor.

 “The rise of e-commerce that we experienced during the pandemic has created a new, steady level of demand for modern logistics and supply-chain-savvy industrial space, particularly in prime geographic and demographic locations like Phoenix,” said Courtney Schneider, Director at Hines who oversees industrial development for Arizona and Colorado.

 “G303 was designed to meet the needs of a modern industrial user just like MLILY. We are thrilled to welcome them.”

 According to the latest JLL Phoenix industrial market report, the Valley recorded more than five million square feet of positive net absorption during the first two quarters of 2021, marking the 31^st and 32^nd straight quarters of positive Phoenix industrial absorption dating back to the second quarter of 2013.

Payson MacWilliam

 “Within the Phoenix industrial market, requirements for Class A warehouse and distribution space have been particularly high – easily outpacing demand for any other type of industrial product,” said Honsaker.

 “G303 was in a prime position to capitalize on that trend with a high-quality building that was designed to expand and is strategically located within the Valley’s hottest industrial corridor – at the center of a very young and diverse talent pool.”

Yang Chen 

G303 is located immediately off the Loop 303 freeway between Glendale Avenue and Bethany Home Road. Conceived as a two-phase project, the building was designed with the ability to combine into a larger building for a single, significant user like MLILY.

 “Hines and Oaktree wisely created scalability at G303,” said Todd Ostransky, Graycor Construction Company Vice President of the Southwest Division.

 “That is a very attractive option for a company looking to plant a flag and grow in our immensely popular industrial sector and was the perfect solution for MLILY.”

Todd Ostransky

The newly completed G303 building features 40-foot clear height, 60-foot speed bays, abundant dock-high loading doors and highly functional footprints.

 It features a sleek exterior design, with the ability to accommodate more than 550 cars. The project also includes a basketball court amenity for employees to enjoy during break times.

 Construction on the G303 building expansion will begin during Q4 2021 and complete by Q4 2022.

John Lydon

CONTACT: 

Stacey Hershauer

Phone: +1 480 600 0195               

Email: stacey@focusaz.com

 

www.jll.com.

www.hines.com 

www.graycorconstruction.com

http://www.oaktreecapital.com.

Birmingham Investor OG Capital Closes Off-Market Purchase of Multifamily Waterfront Community in Riverside, AL

 

The OG Capital Staff   (L to R)

Jordan Weaver, Acquisitions Associate

Michael Krombach, Vice President /General Counsel

David Oakley, President/Owner

Mark Hinson, Asset Manager/CFO

Amy Scalise, Office Manager/Accountant

BIRMINGHAM, AL – An affiliate of OG Capital, LLC, a Birmingham real estate investment firm, has acquired Riverbend Apartments. The 144-unit apartment community, built in 1980 overlooking the Coosa River and its Lake Logan Martin Reservoir, is 30 miles east of Birmingham .  

 

OG Riverbend, LLC, a Delaware limited liability company, purchased the property from Riverbend Apartments, LTD of Birmingham for $9.4 million.

 Lake Logan Martin Reservoir on the Coosa River, 
30 miles east of Birmingham, AL

 

Riverbend – to be re-branded as RiverHouse – consists of one, two, and three-bedroom apartment homes, a community pool and clubhouse in a quiet setting spanning 27 acres.  More than 4,000 feet of frontage on Coosa River/Lake Logan Martin offers residents a private boat launch, swimming and water sports.      

 

OG Capital plans to extensively renovate the entire property and amenity package by improving and expanding the existing fitness center, and adding new community docks, fire pits and grill stations, according to Michael Krombach, COO at OG Capital. Additional improvements will be made later in the project.  

“Our improvements are aimed at increasing lifestyle value by creating a sense of place and capturing the community’s unique setting and location on the water,” he said. “We always try to prioritize the experience of being a resident at one of our communities. RiverHouse will be a great opportunity to continue that emphasis.”

Riverbend Apartments, 417 Riverbend Road, Riverside

 in St. Clair County, to be re-branded as RiverHouse

 

Krombach added that Riverbend was acquired from the original developer for well below replacement cost, a compelling reason for the long-term investment along with its irreplaceable location on the river/lake.  Good floor plans, ample room for amenitization and the opportunity to enter into a growing Pell City Metro market were also key factors.   

 

Located at 417 Riverbend Road, Riverside in St. Clair County, the community is within the Pell City Schools district, and a five-minute drive to Honda Manufacturing of Alabama, a $2 billion, 4.2 million square foot plant that directly employs nearly 6,000 workers and is the area’s largest employer.

  

OG Capital hired Arlington Properties, Inc. of Birmingham , AL to manage the community.

 OG is headquartered in Birmingham , Alabama and was founded in 2007 by David Oakley.

 

Contacts: 

 

David Oakley, CEO, OG Capital, LLC 205-913-4632, or David.Oakley@og.capital

 

Michael Krombach, COO / General Counsel, OG Capital, LLC

 904-233-4608 Michael.Krombach@og.capital

 

Beth Payan, Larry Vershel Communications Inc.

407-644-4142 or 407-461-3781 (direct); Beth@LarryVershel.com

 

KW Property Management & Consulting Promotes Two Southwest Florida Team Members to Regional Vice President

 

Zulema Mendoza 

SOUTHWEST FLORIDA –– KW PROPERTY MANAGEMENT & CONSULTING, a leading residential property management company and one of Florida’s fastest-growing private companies overall, promoted two pivotal team members in Southwest Florida.

Zulema Mendoza and Rob Arent are now Regional Vice Presidents.

Rob Arent

Mendoza has been a valuable team member since arriving at KWPMC in 2012. In her previous role as District Manager, she focused on strategic planning, operational oversight and managing and mentoring highly successful teams.

A Licensed Community Association Manager (LCAM), Mendoza is a member of the Green Professionals Building Skills and is on the Public Relations Committee for CAI’s South Gulf Coast Chapter.

Zuly Maribona

“Zulema and Rob are passionate about the people and communities KWPMC serve in Southwest Florida,” said Senior Vice President Zuly Maribona, who oversees Southwest, Central and Northern Florida for KWPMC.

“They set a tremendous example for our team members in the region and will undoubtedly take their leadership even further as regional vice presidents.”

Arent joined KWPMC in 2019 and has 15 years of overall real estate, hospitality and association management experience in Southwest Florida.

 He works closely with association boards and local industry leaders to build strong relationships and collaborate on the oversight of operations, capital projects and cost-saving solutions. Arent supports supervisory and property leaders to effectively implement the goals and objectives of KWPMC’s community partners.

Contact: 

Eric Kalis

954-370-8999

ekalis@boardroompr.com

 www.kwpmc.com.

 

Daniel Benjamin

Senior Account Executive, BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

Global Lifestyle Brand Guess signs 8,000 SF lease in Beverly Hills, CA

                                           Katherine Wilson 

Houman Mahboubi

  BEVERLY HILLS, CA, July 30, 2021 – JLL announced today that global lifestyle brand Guess has signed an 8,000-square-foot lease at 320 North Beverly Drive in the world-renowned Beverly Hills Golden Triangle in Beverly Hills, California.  Subleasing from Nespresso, Guess is relocating from Rodeo Drive

JLL’s Houman Mahboubi represented the landlord, Dominion Management Corporation.  Greg Briest of JLL represented Nespresso in the transaction.  Katherine Wilson of CBRE represented Guess. 

"North Beverly Drive in Beverly Hills has seen increased activity from premier retailers looking for the next great spot for high street retail," said Mahboubi, JLL Executive Vice President. 

"Guess liked the idea of being the anchor and icon on a blossoming street.”

Greg Briest

Located in the heart of the Beverly Hills Golden Triangle, 320 North Beverly Drive offers frontage in the hottest block of the area. 

Neighboring tenants include All Saints, Lululemon, Sandro, Maje, Diptyque, Pottery Barn, & OtherStories, Sephora, Laduree, AG Jeans, Scotch & Soda, COS, IRO, ASRV Athletic wear and Erewhon Market.

320 North Beverly Drive,
Beverly Hills, CA

 

Contact: 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 jll.com.