RKW RESIDENTIAL Makes Two Pivotal New Hires in Raleigh, NC Market

 

Michell Garcia-Brown 

Charlotte, NC - RKW Residential, one of the nation’s fastest-growing multifamily management firms, added two key new hires to accommodate its continued growth in the Raleigh, North Carolina market. Jeff Vickers joined RKW as Area Vice President, and Michell Garcia-Brown is the firm’s new Regional Manager for the Raleigh market.

Vickers brings more than 25 years of multifamily experience to RKW, including more than a decade as Regional Director at Bell Partners. Over the course of his career, Vickers has successfully guided numerous lease-up teams, completed notable portfolio transactions that set pricing records in the markets they occurred in and managed multi-million-dollar capital improvement budgets for value-add assets – among other notable accomplishments.

 Jeff Vickers

Garcia-Brown has held various property management roles over the past 14 years in Virginia and North Carolina, including in the Raleigh-Durham and Charlotte markets. She is versed in new construction, lease-ups, Class A properties and value-add communities. Garcia-Brown has been recognized for her leadership and coaching abilities, building strong teams that are results driven.

Laura Rodriguez 

“We enthusiastically welcome Jeff and Michell to the RKW family,” RKW SVP of Operations Laura Rodriguez said. “Both will serve critical roles in a growth market for us. We look forward to leveraging their market knowledge, experience and skillsets for the benefit of our on-site teams and residents.”

RKW’s continued expansion resulted in the firm making the National Multifamily Housing Council’s 2023 and 2024 Top 50 Managers ranking, which is based on portfolio size.

CONTACT:

Angelic Bringas

Account Executive
abringas@boardroompr.com
C 786-202-5773
O 954-370-8999
Web | Facebook | Instagram | LinkedIn

Constellation Real Estate Partners and Northwestern Mutual acquire 75 acres in Orlando, FL

Sara Bravo

 ORLANDO, FL — Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with Northwestern Mutual, a leading financial services company,has acquired 75.08 acres of land located at 10195 Boggy Creek Road in Orlando, Florida for the development of Constellation Air Commerce, a three-building, 972,079-square-foot Class A industrial park.  Construction will begin in 2024 with completion scheduled for the third quarter of 2025.

Scott Alexander

              “Constellation is committed to finding opportunities in the Southeast in infill locations with high barriers to entry with Florida as a high priority,” said Scott Alexander, Partner at Constellation Real Estate Partners.  “Constellation Air Commerce Park will satisfy a wide range of space needs. With no available options of this magnitude in this submarket today, users are forced to periphery submarkets in lieu of this high performing and strongly preferred location.”

              Within the park, Building 100 (232,497 square feet) and Building 300 (283,580 square feet) will both have front park/rear load configurations and Building 200 (456,002 square feet) will have cross dock loading.   The project is designed to achieve LEED certification and will feature 36-foot clear heights, multiple points of ingress/egress with full circulation, significant trailer parking, ESFR sprinkler systems, and LED lighting. Constellation Air Commerce can accommodate a wide range of users from 40,000 square feet to 456,002 square feet. Constellation Air Commerce was designed by C4 Architecture and Florida Engineering Group.

Brandt Foster

“Our investment in Constellation Air Commerce is an example of Northwestern Mutual’s commitment to pursuing new development opportunities to continually enhance our real estate portfolio and deliver value to our policyowners,” said Brandt Foster, director of Northwestern Mutual Real Estate. 

Constellation Air Commerce is ideally located in a premier Southeast submarket with proximity to State Road 528, SR 417 and the Florida Turnpike which provides excellent East to West and North to South connectivity throughout adjacent communities as well as the Orlando MSA and direct access to Orlando International Airport.

Jared Bonshire,

Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo, and Jasmine Yarbrough with Cushman & Wakefield have been appointed as the leasing agents for the project. 

David Perez

About Constellation Real Estate Partners

 Jeremy Giles

Founded by Jeremy Giles and Hien Le, Constellation Real Estate Partners specializes in the investment and development of logistics properties throughout Southeastern and Southwestern United States.  

The company focuses on three core competencies: speculative development, build-to-suit development, and value-add acquisitions.  Established in 2021, Constellation Real Estate Partners has rapidly emerged as a stable and thriving player in the industry, backed by a team rich in capabilities and expertise.  

 Hien Le

Its principals have over 125 years of combined experience, have invested over $25 billion in industrial real estate, and developed over 100 million square feet.  For more information, plrase visit www.constellationrep.com.

 

Contact:       David Ebeling

                      Ebeling Communications

                      (949) 278-7851

                      david@ebelingcomm.com

Atlas Real Estate Partners Expands Leadership Team to Fuel Growth Strategy

 Brad Schwartzmann

 NEW YORK, NY and MIAMI, FL – May 22, 2024 – Atlas Real Estate Partners, a leading private multifamily investment and development firm, positions itself for continued growth by welcoming Brad Schwartzmann as Senior Vice President of Asset Management and promoting Zach Chilelli to Vice President of Investor Relations.

“Fueled by the long-term tailwinds within the multifamily sector and continued growth of the firm, these appointments position Atlas for a strong future,” said Alex Foster, Managing Partner and Co-founder of Atlas. “The expansion of the team ensures we continue to execute on the most attractive opportunities in the multifamily market, while also delivering exceptional value to our investors.”

Zach Chilelli

Brad Schwartzmann 

will serve as Senior Vice President of Asset Management at Atlas Real Estate Partners based out of the Miami office.

 In this role, Brad has direct oversight of all facets of asset management and portfolio optimization across the company’s holdings.

Prior to joining Atlas, Brad was the Senior Vice President and Head of Asset Management at One Real Estate Investment, a real estate private equity firm in Miami. 

During his tenure at One, Brad played a pivotal role in the underwriting, financial modeling, due-diligence, and maximizing the value of a multifamily portfolio exceeding $2 billion (15,000 units) across Texas and the Southeast.

Zach Chilelli is being promoted to Vice President of Investor Relations and is responsible for fundraising, expanding the firm’s investor base, serving the needs of existing investors, and investment reporting. He is based out of the New York office. 

 Alex Foster

Prior to this position, he was a core team member of the Atlas finance and operations team, assisting with accounting, tax, operations, and supporting the asset management function.

He has been responsible for implementing successful change management initiatives across the company that have increased efficiencies, both internally and externally, within various verticals of the business.

CONTACT:

Angelic Bringas
Account Executive
abringas@boardroompr.com
C 786-202-5773
O 954-370-8999
Web | Facebook | Instagram | LinkedIn

www.atlasrep.com.

 

 

JLL Capital Markets represented Matrix Development Group in arranging $93 million in financing from Bank OZK for the under-construction, two-building Matrix Logistics Park in Mount Olive in NJ

  

Olivia Doody

 MORRISTOWN, NJ, May 21, 2024 –  JLL Capital Markets has arranged $93 million in financing for Matrix Logistics Park – Mount Olive, a two-property, under-construction, Class A warehouse and distribution industrial park totalling 781,748 square feet in Mount Olive, Morris Co, New Jersey.

 Thomas Didio

JLL worked on behalf of the borrower, a Matrix Development Group led venture, and secured the loan from Bank OZK.

 

The JLL Capital Markets team was led by Senior Managing Directors Thomas Didio and Jim Cadranell, Managing Director Thomas E. Didio, Jr., Vice President Michael Lachs and Analyst Olivia Doody.

The property at 2000 International Drive is situated on 13.629 acres and totals 196,748 square feet. Key building features include single-side loading capabilities, 36-foot clear height, 34 loading docks, two drive-in doors, 110 parking spaces and 43 trailer parking spaces.

 Thomas E. Didio, Jr.

The second property is located at 3000 Continental Drive, a site redeveloped from the former BASF United States headquarters. 

The building totals 585,000 square feet and includes 40-foot clear heights, cross-dock configuration, 107 loading doors, four drive-in doors, 306 parking spaces and 142 trailer spaces.

The portfolio is in Mount Olive, a suburban upper-middle-class community located 45 miles west of Manhattan in Morris County. Mount Olive is located in the western section of Morris County, along the Interstate 80, Route 206 and Route 46 corridors.

Michael Lachs

Mount Olive’s central location in Northern New Jersey and access to Interstate 80 has made the town a heavily demanded location for families, commercial uses and industrial users for decades. 

The Project is within Mount Olive’s International Trade Zone, home to numerous research, development, and manufacturing companies.

The International Trade Zone is designated as a Foreign Trade Zone, which allows companies to reduce costs associated with importing and re-exporting goods to foreign countries.

Additionally, the Project is within walking distance of Mount Olive Train Station, providing New Jersey Transit Rail Service along the Morristown and Montclair-Boonton Lines.

Dave Sarner

 

“We continue to see very strong interest for to-be-built speculative industrial from a range of debt capital sources. 

"Ultimately, Bank OZK stepped up to the plate to deliver an attractive solution for Matrix and their development partner. Thank you to the Matrix Team for entrusting JLL to help bring to life this Class-A industrial park,” stated Didio Sr.

Matrix Logistics Park – Mount Olive,

 a two-property, under-construction,

 Class A warehouse and distribution 

industrial park totalling 781,748 SF

 in Mount Olive, Morris Co, NJ.

“Bank OZK is pleased to provide construction financing for this large-scale Class-A industrial development that will serve as a convenient, flexible and accessible distribution hub,” said Dave Sarner, Managing Director of Originations at Bank OZK.

For more news, videos and research resources, please visit JLL’s newsroom. 

 

 

 CONTACT:

 

Alli Stent

PR, Hotels & Hospitality, Capital Markets

Chicago | JLL
M +1 330 329 6750

 

www.ozk.com.

 jll.com.  

DXC Capital breaks ground on new 48,720 SF Self Storage facility in Kihei, Maui, Hawaii

New Class A storage facility in the Maui Research & Technology Park
 in Kihei, Maui, Hawaii

 

KIHEI, HI—DXD Capital, a self-storage private equity investor, announced the groundbreaking for a new Class A storage facility in Kihei, HI.

 Once constructed, the facility will have 357 individual storage units totaling 45,863 net rentable square feet located in the Maui Research & Technology Park in Kihei.

 It will feature drive-up non-climate-controlled units designed to be especially helpful to the commercial customer base on Maui. The facility is expected to open in the first quarter of 2025.

RYCON will serve as the general contractor, and American Savings Bank was the construction lender. Extra Space will manage this facility.

The property was acquired in April 2023 through DXD’s second fund, DXD Self Storage Fund II, which launched in June 2022 and has since invested in seven self storage developments and one seven-facility portfolio acquisition across the United States.

Drew Dolan

"DXD was offered the chance to construct self storage facilities on Maui through a local connection,” said Drew Dolan, Principal and Fund Manager. "For me, this opportunity represents a career highlight—a chance to be part of the booming Maui Research and Tech Park, which has excellent fundamentals for self storage and extreme barriers to entry.

 

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 Capital Markets led the sales efforts for the 1,085-unit Cherry Ave Self Storage in Fresno, California

                Cherry Ave Self Storage, a 1,085-unit 

                self-storage facility  located on

                5.74 acres at 1844 Sourh Cherry 

                 Avenue in Fresno, CA

        

                                   

 

SAN FRANCISCO, CA – JLL Capital Markets has completed the $8.2 million sale of Cherry Ave Self Storage, a 1,085-unit self-storage facility in Fresno, California.

 

JLL represented the public REIT seller and procured the buyer, PSC Fresno, LLC, an affiliate of Pratt Street Capital, LLC.

 

Cherry Ave Self Storage is located on 5.74 acres at 1844 S Cherry Ave., less than one mile south of downtown Fresno. The property has excellent visibility from State Route 41 with more than 91,000 vehicles traveling the roadway per day.

 

 In addition, the facility is located within an underserved market for self-storage with only three feet of storage space per person within a three-mile radius.

                                       Brian Somoza

 

Originally built in 1918 and expanded in 2022, Cherry Ave Self Storage consists of a three-story building and 12 one-story buildings. The facility features drive-up units, freight elevators and boat and RV parking. There is also a newly renovated office totaling 262 square feet.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Brian Somoza.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.                                         

 

CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

 

prattstreetcapital.com.

 

 

 

 

 prattstreetcapital.com.