Monday, September 11, 2023

ILM Expands in Orlando, FL with Long-Term Lease

 Andrew E McCaw

ORLANDO, FL — Andrew E McCaw, Vice President of Tenant Representation at NAI Realvest, represented Industrial Laser Machines, LLC in the leasing of 20,592 SF of office/flex space located at 4122 Metric Drive, Winter Park, Florida.

ILM leased 55.3% of the building on a long-term lease with future expansion rights built into the agreement. The length of the lease and financial details of the deal were not disclosed.

 

The landlord Silver City Metric, LLC was represented by Lee Zerivitz with City Commercial.

 

 ILM plans to occupy the space by the end of this year after the landlord completes the interior improvements, which will include new flooring and paint throughout and the installation of a new AC unit in the warehouse portion. The additional space will allow them to expand their presence within Orlando.


 
Lee Zerivitz 
Industrial Laser Machines, LLC is an independent innovative, high-power, high-energy laser company, focused on powerful nanosecond Solid State lasers developed for industrial applications primarily for use in materials processing. 

 

The expansion will accommodate their business growth locally and abroad in Europe and Asia.  McCaw, said, 


"This was one of the last large remaining spaces available for lease in the East Winter Park sub-market. ILM was competing with a couple other users for the same space before securing it.”  


Contacts:

 

 

Andrew E. McCaw,

 Vice President,

Tenant Representation,

 NAI Realvest,

407-875-9989,

 amccaw@realvest.com

 

Patrick Mahoney,

Business Director,

 NAI Realvest,

407-875-9989,

 pmahoney@realvest.com

 

KBS Signs 49,135 SF in Lease Agreements With Three Global and National Tenants at 24-Story Trophy Office Building in Charlotte, NC

 

                         Carillon, a 24-story, 488,277 SF

 trophy office building located 

in uptown Charlotte, NC.


 

CHARLOTTE, NC – KBSone of the largest owners and operators of premier commercial real estate buildings in the nation, announces that it has signed 49,135 square feet of lease agreements with three global and national tenants at Carillon, a 24-story, 488,277 square-foot trophy office building located in uptown Charlotte, North Carolina.

Marc DeLuca

KBS has signed a 37,909 lease renewal with General Services Administration (GSA), on behalf of the US Attorney’s Office; an expansion with Lazard, a global financial services firm; and a 1,836 square-foot lease with Moffatt & Nichol, Inc., a global infrastructure advisory firm, which renewed at the property.

Allen Aldridge

The transactions highlight the ongoing appeal of Class A space for office users in select CBDs across the country, with Charlotte being a key market to watch, according to Marc DeLuca, CEO and eastern regional president of KBS.

 

“Best-in-class office properties in key cities nationwide are growing with companies seeking a competitive edge in their respective fields,” says DeLuca. “Charlotte, with its vibrant sports and commercial hubs and culturally artistic vibe, is one of those cities, and exceptional assets like Carillon are currently spearheading the office renaissance in these places.”

 

 Jean Tinguely

According to Cushman & Wakefield, the Charlotte region has remained relatively unaffected by recent nationwide layoffs in tech and banking woes due to the presence of stable banking institutions buoying against uncertainty in the markets.

 

Office rental rates have seen tremendous growth over the past eight years, and new leasing activity rebounded modestly in Q1 after a Q4 2022 slowdown, with more than 418,000 square feet of deals signed.


Jennifer Kurz

“KBS is adept at identifying top-tier office assets in strong locations that attract the most successful companies in the area,” says Allen Aldridge, asset manager for Carillon and senior vice president, acquisitions/co-director of asset management for KBS.

 

“Carillon is a highly desirable property in uptown Charlotte that not only draws in discerning tenants but also drives them to renew their leases and expand their footprints at this iconic building.”

 

The lease renewal with GSA, on behalf of the US Attorney’s Office is especially significant at a time when select industries have been reducing their footprints of leased office space in markets across nationwide, Aldridge notes.


Rhea Greene

“Signing a lease renewal of over 30,000 square feet reflects the strength of this property and confirms KBS as a quality landlord,” continues Aldridge.

 

Carillon is a LEED Gold-certified, ENERGY STAR-rated and UL-Verified Healthy Building featuring museum-quality interiors and artwork.

 

 Located within a block of Trade and Tryon Streets, uptown Charlotte’s “Main & Main,” the property is conveniently situated near public transportation, shopping, dining, and entertainment options.

 

With its dramatic, neo-Gothic architecture, the office tower features a newly refurbished two-story lobby with Italian Verona marble floors, a 40-foot kinetic sculpture by world-renowned artist Jean Tinguely and a grand side entry leading to the newly completed tenant amenity courtyard shared with the luxury Grand Bohemian Hotel next door.

 

Common amenities include a state-of-the-art conference center, an on-site Bright Horizons childcare center, a fitness center with showers, a car wash, and Morton’s Steakhouse.

 

Tim Arnold

Jennifer Kurz, Rhea Greene, and Tim Arnold of Trinity Partners  represented KBS in the recent leasing transactions.

 

“Carillon continues to be on the short list of preferred high-rise office buildings in Uptown,” says Kurz.

 

“Companies are drawn to its unmatched location and amenities. We expect to continue to see significant activity with the recent delivery of the market’s most elevated and sophisticated spec suites.” 




KBS has completed six spec suites ranging from 2,100 to 8,200 square feet ready for immediate move in.

 

 “Carillon’s spec suite program is a perfect fit for tenants with a shorter move schedule, and KBS continues to set the bar for high-end finishes and sophisticated design,” Kurz continued. 

 

Carillon is located at 227 W. Trade Street, Charlotte, North Carolina. Please find photos of the property here.

 

 Contact:

 Arleeny Escarcega 

aescarcega@thesmartagency.com

 

 

JLL Capital Markets led the $14.5 million financing efforts for Holly Pond Plaza medical office building which is 99% occupied in Stamford, CT

 

Holly Pond Plaza, a 73,060-SF,
multi-story medical office building
in Stamford, CT

 BOSTON, MA, Sept. 11, 2023 –  JLL Capital Markets has arranged a $14.5 million refinancing for Holly Pond Plaza, a 73,060-square-foot, multi-story medical office building in Stamford, Connecticut.

 

JLL worked on behalf of the borrower, Faros Properties, to secure the five-year, fixed-rate loan through Silicon Valley Bank, a division of First Citizens Bank.

Completed in 2003 and renovated in 2013, Holly Pond Plaza is 99% leased to three credit worthy tenants. The building features four floors of medical office space above four levels of parking for 222 vehicles.

Jonathan Schneider
Holly Pond Plaza is situated on 0.60 acres at 1281 East Main St. in Fairfield County. 

This area of southwest Connecticut features several prominent health systems, which has spurred the expansion of outpatient services and the number of medical office facilities in the area. 

The Stamford medical office is particularly strong with a robust occupancy rate and strong annual rent growth.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Jonathan Schneider.

“Strong in-place metrics, along with the Sponsor’s strong reputation and track record of consistent top of the market performance at the property, resulted in competitive marketing process with multiple lenders offering attractive financing options,” Schneider said.

Contact:


Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com