Sedgwick Properties Begins Construction on 30 Luxury Apartments at 1545 W. North Ave. in Chicago’s Wicker Park Neighborhood

Marty Paris

CHICAGO, IL (Nov. 11, 2015) – Developer Sedgwick Properties has broken ground on a 30-unit luxury apartment building in Chicago’s Wicker Park neighborhood expected to deliver in the spring of 2016.

The five-story building, located at 1545 W. North Ave., will offer a mix of one- two- and three-bedroom luxury apartment rentals, with individual units ranging from 675 to 1,500 square feet. Duplex penthouse units include expansive private rooftop terraces. Rents are expected to range from $1,900 to $4,000.

“1545 W. North Ave. brings a new luxury rental community to a stretch of North Avenue that has become a target area for new multifamily development, retail and restaurants,” said Marty Paris, president of Sedgwick Properties.

“We are proud to have worked collaboratively with the city and area residents to contribute to the redevelopment of this stretch of North Avenue, improve the neighborhood and create a much-needed luxury housing alternative in an area where it has been missing.”

For a complete copy of the company’s news release, please contact:

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

NAI Realvest Negotiates New Industrial / Flex Lease of 9,135 Square Feet at Sunport Commerce Center in Orlando, FL

George Livingston

ORLANDO, FL -- NAI Realvest recently negotiated a new lease for 9,135 rentable square feet of industrial / flex space at 8026 Sunport Drive, Suite 303-305, in Sunport Commerce Center off Sand Lake Road near Orlando International Airport.  

      

NAI Realvest broker associate Drew Saphos, CCIM, principal Christie Alexander, and chairman George Livingston negotiated the transaction representing the landlord, Miami-based Orlando Sunport FlexxSpace Ltd. 

The tenant, DM World Transportation, LLC, a trucking and logistics firm was represented by Craig Duke of Sperry Van Ness.

The Sunport Commerce Center is currently 85 percent leased.

For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com

   

Lincoln Harris Hires Ridr Knowlton as Senior Vice President - Brokerage Services

Ridr Knowlton

 CHARLOTTE, NC  — Lincoln Harris announced today that Ridr Knowlton has joined the firm as Senior Vice President - Brokerage Services. In his new role, Knowlton will co-direct Lincoln Harris’ office leasing business, serving Lincoln Harris projects as well as third party listings.

“Ridr brings unique experience to Lincoln Harris,” said Johno Harris, President of Lincoln Harris. 

“His extensive background in working with large corporate tenants is a valuable addition to our team. Additionally, he brings a fresh perspective to our market and projects.”

Prior to joining Lincoln Harris, Knowlton was a leading office leasing producer in the Atlanta market for more than 20 years, where he served as Managing Director and Regional Leasing Director of JLL and, most recently, as a Partner with the southeastern real estate investment and development firm, Dewberry Capital.

Knowlton is well known for executing many of Atlanta’s higher profile office leases including SunTrust Bank’s Midtown headquarters, as well as large suburban office transactions with Microsoft, Verizon, Aetna and others.

 Knowlton directed the lease up of several of Atlanta’s landmark office towers, including the iconic Equitable Building in downtown and Campanile, the former world headquarters of Bellsouth, in Midtown Atlanta.

John W. 'Johno' Harris III

While at JLL, Knowlton received national recognition for developing Sanctuary Park, a 1.4 million-square-foot office park located in the northern suburbs of Atlanta on behalf of JP Morgan Investment Management.

“I was considering some exciting opportunities in Atlanta when I was introduced to the Lincoln Harris team,” Knowlton said. “I was very impressed with the depth and caliber of professionals on their team, as well as the variety and scale of projects Lincoln Harris has on the horizon.

“While I was not initially considering relocating from Atlanta, the opportunity to work with the Lincoln Harris team and come to a great city like Charlotte, was one I could not pass up.”

For a complete copy of the company’s news release, please contact:

Savannah Duncan

The Wilbert Group

404-343-0870 (O) 404-901-4433 (C)

sduncan@thewilbertgroup.com

Atlanta Fine Homes Sotheby’s International Forms Developer Services Division

Christa Huffstickler

ATLANTA, GA (Nov.11, 2015) – Atlanta Fines Homes Sotheby’s International Realty is proud to introduce the Developer Services Division. This new division of the brokerage is dedicated to marketing and selling Atlanta’s finest residential real estate projects.

The Developer Services Division represents a consolidation of Atlanta Fine Homes Sotheby’s International Realty’s most successful development sales and marketing teams, including SkyRise Group, NeoLuxe Realty Group and other seasoned professionals within the company. 

These teams and their leadership are synonymous with record-breaking sales in Atlanta’s most celebrated new construction developments.

Anne Schwall and Christa Huffstickler, the respective heads of Skyrise and NeoLuxe, will now join forces and assume Vice President roles in the Developer Services Division.

 Along with CEO Jenny Pruitt and President David Boehmig, Ms. Schwall and Ms. Huffstickler will bring their expertise to sales and marketing programs for every client.  Ansley Fetz has also joined the team as Marketing Director of Developer Services.

Anne Schwall

“For years, developers across Greater Atlanta have relied on Anne and Christa’s remarkable teams to bring major projects to market,” says Ms. Pruitt. “With the introduction of our Developer Services Division, clients now have joint access to their unparalleled expertise and experience.”

“High-rise development activity and market demand for luxury condominiums and townhomes have increased sharply over the past few years, which analysts predict will continue,” according to Boehmig.  

From young professionals to empty nesters, today’s buyers want walkable city living with a world of luxury services and amenities right at their doorstep.

“This is the right time to join forces,” says Anne Schwall. “The Developer Services Division is a powerhouse that will give our region’s best developers an amazing edge in the marketplace.”

Adds Christa Huffstickler: “No team in Atlanta engineers success for top-tier developments quite like we do. 

"We help clients shape projects from the ground-up for maximum success, and launch them to the marketplace with high-level, measurable sales and marketing programs.”

For a complete copy of the company’s news release, please contact:

Liz Lapidus/Andi Hill

Liz Lapidus PR

 404-688-1466

liz@lizlapiduspr.com

andi@lizlapiduspr.com

Regency Centers Announces Executive Management Changes

Lisa Palmer

JACKSONVILLE, FL, (BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”);(NYSE:REG) today announced the following reorganization of its senior executive management team, which shall become effective January 1, 2016:

·     Lisa Palmer will serve as President, directing acquisitions and dispositions, in addition to her responsibilities as Chief Financial Officer;

·     Jim Thompson, currently Managing Director-East, will become Executive Vice President of Operations; and

·     Dan M. “Mac” Chandler III, currently Managing Director-West, will become Executive Vice President of Development.

These appointments are pursuant to the Company’s succession and strategic plans and follow the decision of Brian M. Smith, President and Chief Operating Officer, to retire from the Company effective December 31, 2015 after a successful 20-year career at Regency.

While Mr. Smith will also vacate his position on the Company’s Board of Directors, he will be retained as a consultant to the Company for 12 months in order to ensure a seamless transition of responsibilities. Following Brian’s departure, the number of directors will be reduced to ten.

“We are delighted to have someone of Lisa’s caliber at Regency to assume the position of President,” said Mr. Martin E. Stein Jr., Chief Executive Officer of the Company. “Lisa has been with the Company for nearly twenty years and has performed exceptionally well in a number of key roles. She is an accomplished and capable senior executive and will continue to be an even more important contributor to Regency.”

Martin E. 'Hap' Stein Jr.

Mr. Stein continued, “Jim Thompson’s and Mac Chandler’s extensive shopping center experience, expertise and understanding of the Company’s operations make them ideal candidates to oversee the execution of our proven asset management and development strategies.

“Lisa, Jim and Mac are indicative of the extremely deep bench of talent at Regency. I look forward to continuing to work with them and the other members of Regency’s team to realize the bright future ahead for our Company.”

Mr. Stein concluded, “We thank Brian for the huge contributions he has made to Regency over many productive years, and wish him the very best. We especially appreciate his willingness to remain engaged as a consultant in order to facilitate a smooth handoff of responsibilities, as the next generation of Regency leadership ascends to new senior roles within the Company.”

The Company expects a decrease of approximately $2.1 million in net income as well as NAREIT-defined Funds From Operations for the full-year 2015 as a result of these management changes. Core Funds From Operations for 2015 will be unaffected given the non-comparable nature of the additional expense.

For a complete copy of the company’s news release, please contact:

Regency Centers Corporation

Michael Mas, 904-598-7470

MichaelMas@regencyCenters.com