JLL Capital Markets brokers $191 million loan for Fenton, a premier mixed-use urban village project in Cary, NC

 

Kelsey Bawcombe.

ATLANTA, GA, Jan. 17, 2025 –  JLL Capital Markets has secured a $191 million senior mortgage for Fenton, a premier mixed-use development located in Cary, North Carolina.

 

JLL represented the borrowers, a partnership consisting of Hines, Affinius Capital and Columbia Development, in securing the loan from New York Life Real Estate Investors.

 

Fenton is strategically located near the intersection of Cary Towne Blvd. and I-40, which offers exceptional connectivity to the wider Raleigh-Durham-Chapel Hill area. This vibrant mixed-use development benefits from proximity to prominent employment hubs such as the Research Triangle Park and is just 15 minutes west of Downtown Raleigh.

 Chip Sykes

The Raleigh-Durham Triangle area, formally known as the Research Triangle Region, is a vibrant and rapidly growing metropolitan hub home to over two million residents.

 

Fenton is an experiential mixed-use urban village, featuring over 246,000 square feet of retail space housing 42 diverse tenants, 183,000 square feet of modern office space and 357 multifamily units delivered in 2022-2023.

 

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Directors Chip Sykes and Vice President Kelsey Bawcombe.

 

"This financing underscores Fenton's standing as a transformative development within Cary and the broader Triangle area," said Sykes. "The commitment reflects confidence in the project's best in class mixed-use place making and the development teams unmatched execution abilities."

 

 

Contact: 

 

Gréta Kieras,

Senior Associate,

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 jll.com. 

 

 

JLL Capital Markets arranges sale of 656-bed Bixby Student Housing community serving Kennesaw State University in Kennesaw, GA

 

Teddy Leatherman

DALLAS, TX –  JLL Capital Markets has arranged the sale of 656-bed Bixby Student Housing community serving Kennesaw State University in Kennesaw, Georgia. JLL represented the seller, Alden Street Capital. The price was not disclosed.

Bixby, located at 3061 George Busbee Parkway NW,
offers a prime location just 0.25 miles from
 the Kennesaw State University campus. 

Bixby, located at 3061 George Busbee Pkwy NW, offers a prime location just 0.25 miles from the Kennesaw State University campus. Completed in 2020, this luxury student housing community features 179 units with a mix of studio to five-bedroom floor plans.

 Scott Clifton

The property boasts high-end amenities including a rooftop skydeck overlooking Fifth Third Stadium, a resort-style pool, state-of-the-art fitness center and multiple study spaces.               

 

The student housing community has demonstrated strong performance, achieving 98% occupancy for the 2024-2025 academic year with year-over-year rent growth. 

This success is backed by Kennesaw State University's robust enrolment growth, which reached a record 47,845 students in Fall 2024, marking the sixth consecutive year of expansion.

 

Bixby offers modern, fully furnished apartments with premium features such as 11-foot ceilings, stainless steel appliances, quartz countertops and private bedrooms with bed-bath parity. The property's 656 beds are spread across various unit types, catering to diverse student preferences.

Kevin Kazlow 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Directors Teddy Leatherman and Scott Clifton, Director Kevin Kazlow and Associate Jack Goldberger.

 

"Bixby represents the premier student housing offering in the Kennesaw market," said Leatherman. "The property's exceptional performance, coupled with Kennesaw State University's consistent enrollment growth, generated strong interest from investors. This transaction underscores the continued demand for high-quality student housing assets in thriving university markets."

 

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 sales and advisory, debt advisory, equity advisory or a recapitalization. 

Jack Goldberger

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

About Alden Street Capital

Alden Street Capital, founded in 2015, is a real estate investment company specializing in acquiring and operating student housing properties across the United States.

 

The firm focuses on investing in projects that require capital and asset level expertise, having contracted or acquired 23 assets representing approximately 13,500 beds.

 

With senior principals who have collectively invested more than $1.0 billion in equity capital across various asset classes throughout their careers, Alden Street Capital brings significant experience to its growing portfolio.

 

Contact: 

 

Gréta Kieras,

Senior Associate,

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 jll.com. 

 

 

JLL Capital Markets brokers sale of 752-unit Retreat at Mesa Hills in El Paso, TX

Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, TX

 DALLAS, TX, Jan. 15, 2025 –  JLL Capital Markets has arranged the sale of Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, Texas. The price was not disclosed. JLL worked on behalf of the seller, JRK Property Holdings.

Steven Hahn Jr.

Retreat at Mesa Hills, located at 945 South Mesa Hills Dr., offers a prime location just off the I-10 in the sought-after Upper West Side of El Paso.

 Situated on an expansive site, the property provides convenient access to abundant retail and employment centers, including the Shoppes at Solana, Sunland Plaza, the University of Texas at El Paso, The Hospitals of Providence and the El Paso CBD.

 

El Paso, Texas is a diverse and growing city with a population of over 690,000 as of 2023, making it the 6th largest metropolitan area in Texas and the 23rd largest city in the U.S. The area boasts strong economic drivers, including the University of Texas at El Paso, Fort Bliss Army Base and robust international trade activity.

 

Art Barnes

Known for its strategic location on the U.S.-Mexico border, El Paso is a major hub for foreign trade, processing over $122 billion in annual trade volume and more than 30 million border crossings.

 

Retreat at Mesa Hills, completed in multiple phases since 1995, is a well-maintained Class-A asset featuring 752 units in a low-density, aesthetically pleasing two-story design.

 

The community offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. Residents enjoy resort-style amenities including three swimming pools with a relaxing tanning deck and private cabanas, a well-equipped fitness center, two illuminated tennis courts, two sand volleyball courts, a Starbucks WiFi café, a lavish clubroom, a game room and a state-of-the-art media theater, contributing to its strong occupancy.

 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Steven Hahn Jr., Senior Director Art Barnes, Senior Managing Director Roberto Casas and Vice President William Jennings.

 Roberto Casas

“Retreat at Mesa Hills represents an exceptional opportunity in the El Paso market given the property’s prime location, extensive amenities and value-add potential,” said Hahn. “This transaction underscores the significant investor interest and confidence in the burgeoning El Paso market.”

 

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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

  

Contact: 

 

Gréta Kieras, 

Senior Associate,

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 jll.com. 

 

 

Stream Realty Partners Expands Florida Footprint with the Hiring of Industry Veterans Steve Medwin and Nick Wigoda

Blake Kendrick

MIAMI, FL – Jan. 15, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the addition of Steve Medwin, SIOR, CCIM, and Nick Wigoda, SIOR, as Managing Directors & Executive Vice Presidents in South Florida.

 Bringing over five decades of combined experience, Medwin and Wigoda have a proven track record of representing institutional owners, investors, and occupiers in the industrial real estate sector. 

Having worked together since 2008, they have completed over two billion dollars in transactions, earning a reputation for delivering innovative and strategic solutions that address the complex needs of industrial real estate clients.

 Steve Medwin

“Adding Steve and Nick to the Stream team represents our commitment to Florida and our ambition to be a dominant force in the region,” said Blake Kendrick, Chief Operating Officer at Stream. 

“Their expertise and entrepreneurial approach align perfectly with our vision to bring exceptional value to our clients. We look forward to having them drive Stream’s industrial platform in South Florida and beyond.”

 

With over 30 years of experience in industrial real estate, Medwin is a leading specialist in representing owners, investors, and occupiers of commercial real estate. Medwin has completed over 1,000 transactions across 25 states, covering millions of square feet and totaling more than $2 billion in value. His expertise includes landlord and tenant representation, land sales, investment sales, and ground-up development.

Nick Wigoda

“Our clients are Stream’s clients,” said Medwin. “The transition to Stream allows us to enhance the value we bring to institutional owners and investors, leveraging Stream’s robust platform and entrepreneurial mindset to identify and source opportunities, particularly off-market acquisitions and development. We are proud to join a company that was born as an industrial platform and shares our commitment to creating lasting relationships.” 

 Wigoda brings 22 years of experience representing top REITs, private equity firms, and corporate occupiers in South Florida and nationally.

 He specializes in commercial sales and leasing transactions, including industrial investment and development strategies, and has advised clients across industries such as food products, logistics, aviation, and manufacturing.

 

“Stream’s agility and innovative approach make it the ideal environment for us to better serve our clients,” said Wigoda. “Florida is experiencing incredible momentum, and we are thrilled to contribute to Stream’s growth in the region. The value Stream creates for its clients through its nimble and collaborative strategies is unmatched, and we are honored to be a part of it.”

 

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.”

 

SkyREM refinances 2.5-million SF industrial portfolio with $170 million loan; JLL Capital Markets arranges financing

 

SkyREM industrial portfolio in Northeast, Southeast and Midwest regions of the United States.

Peter Rotchford

NEW YORK CITY, NY – JLL Capital Markets has arranged $170 million in financing for the SkyREM Industrial Portfolio, a 10-building collection of primarily industrial and warehouse distribution assets located across the Northeast, Southeast and Midwest regions of the United States.

 JLL represented the borrower, SkyREM, to secure the fixed-rate, five-year loan from affiliates of Apoll

Totaling approximately 2.5 million square feet, the portfolio is spread across highly sought-after markets located throughout seven states. The properties benefit from strong labor markets, low unemployment rates and positive population growth trends.

 

Steven Binswanger

At closing, the properties were 99% leased to 15 diverse tenants across a variety of industries, including technology, manufacturing, warehousing, logistics, aerospace and government.

 

Many tenants have long histories at the properties, ranging from one to 20+ years, with an average tenure of approximately eight years.

 

The JLL Debt Advisory team included Senior Managing Directors Peter Rotchford and Steven Binswanger, Executive Managing Director Riaz Cassum and Senior Director Lucas Borges.

Despite a national pullback in industrial leasing since the pandemic highs, the Logistics & Parcel Delivery industry was a top performer in the sector this year, driven in large part by increased Asian 3PL demand.

Riaz Cassum 

In New Jersey, leasing volume in Q3 2024 came in at the second greatest level of all time, tallying 14 million square feet.

 

About SkyREM, LLC

SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. 

As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com.

 

For more news, videos and research resources, visit JLL’s newsroom. (JLL.com)

 

 Lucas Borges

CONTACT:

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478