JLL to Lease New Phoenix Industrial Project: Skyway Commons

Jeanine Jerkovic

PHOENIX, AZ – The Phoenix office of JLL has earned the leasing assignment for Phase I of Skyway Commons, a fully speculative new Class A industrial project that has broken ground in the northwest Phoenix submarket.

Totaling 110,221 square feet, Skyway Commons Phase I is designed to meet burgeoning demand from small to mid-sized general industrial users with divisibility down to 4,689 square feet and as much as 59,258 square feet of contiguous space.

JLL Vice President Riley Gilbert, Managing Director Anthony Lydon and Associate John Lydon serve as the project’s exclusive leasing brokers on behalf of the building owner, Thousand Oaks, California-based property owner Silagi Development and Management.

“Smaller to mid-sized industrial tenants in the northwest Valley have been significantly underserved for years,” said Gilbert. “Skyway Commons adds meaningful inventory options in a location that this type of user wants to be, and with grade-level and dock-level loading amenities that, until now, have not been available for them in Surprise.”

Riley Gilbert

According to JLL, while the northwest Phoenix submarket is the fourth smallest in the Valley, with only 10 million square feet of inventory, there are more than 1.4 million people within a 30-minute drive of the property.

“We’re delighted to welcome another Silagi Development and Management project to Surprise, and our team is looking forward to working with JLL to bring new businesses and jobs to the community,” said City of Surprise Economic Development Director Jeanine Jerkovic.

Skyway Commons is located on the northwest corner of Dysart Road and Rio Glass Solar Road in Surprise, Arizona.

Totaling 110,221 square feet, Phase I features grade- and dock-level loading, 24’ clear height, ESFR fire sprinklers, energy-efficient LED lighting and R-30 roof insulation. 

The project falls under a Planned Unit Development (PUD) zoning, which provides for greater flexibility for a wide range of tenants with commercial business park or industrial-related uses. Additional phases of Skyway Commons will have the capacity to accommodate users up to 140,000 square feet.

Phase I of Skyway Commons is scheduled to complete in January 2018. The general contractor is LGE.

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

 

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

                                                    

Trion Properties Expands Portland Portfolio

Max Sharkansky

BEAVERTON, OR – Trion Properties, a private equity real estate firm that specializes in value-add multifamily investments along the west coast, has acquired Bel Aire Court, a 67-unit apartment community in the Portland submarket of Beaverton, Oregon, bringing its multifamily portfolio in the area to a total of 282 units.

This is Trion’s fifth multifamily acquisition in the greater Portland region in just over two years, making the firm one of the most active buyers in this market, according to Max Sharkansky, Managing Partner of Trion Properties.

            “The Portland metropolitan area is one of the strongest and fastest-growing multifamily markets in the nation right now,” says Sharkansky. “The region’s rapid job growth, solid economic fundamentals, and high quality of life are driving resident demand for housing in this market, resulting in long-term growth potential for multifamily investments.”  

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

 

Elisabeth Manville / Katie Kea

Brower, Miller & Cole

(949) 955-7940

emanville@browermillercole.com

                                                    

Marcus & Millichap Brokers $7.2 Million Sale of Surgery Center in Riverview, FL

Krone Weidler

RIVERVIEW, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Bay Area Physicians Surgery Center, an 18,708 square foot medical office property located in Riverview, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $7,200,000.

Kimberly Cameron

“The healthcare industry has experienced significant growth over the past several years and the seller captured the opportunity to take advantage of the surgery center’s healthy performance,” says Krone Weidler, first vice president investments in Marcus & Millichap’s Tampa office. “The buyer took advantage of an opportunity to acquire an excellent, well positioned asset to add to their portfolio.”

L.J. Tsunis

Weidler, and L.J. Tsunis, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a REIT, was secured and represented by Kimberly Cameron, senior associate in Marcus & Millichap’s Nashville office. 

Bay Area Physicians Surgery Center is located at 6043 Winthrop Commerce Avenue in Riverview, Florida. The building is occupied by Bay Area Physicians Surgery Center and Florida Urology Partners.

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

                                                         

Contact: Ari Ravi

Regional Manager, Tampa

(813) 387-4700

                                               

Marcus & Millichap Arranges Sale of 70,962-SF Self-Storage Facility in Winston Salem, NC

Michael A. Mele

WINSTON SALEM, NC – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Winston-Salem Self-Storage Opportunity, a 70,962-rentable square foot self-storage facility located in Winston Salem, North Carolina, according to Ari Ravi, regional manager of the firm’s Tampa office.

Luke Elliott and Michael A. Mele, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller.  The buyer, a first-time storage owner, was also secured and represented by Mele and Elliott.  Raj Ravi, broker of record in Marcus & Millichap’s North Carolina office assisted in closing this transaction.

Located at 401 Jonestown Road in Winston Salem, the opportunity was newly-constructed in 2014 and opened in 2015. Across two floors, the facility offers 558 climate-controlled units on 1.22 acres for a total of 70,962 net rentable square feet.

The facility has an excellent multitude of amenities, from elevator access to a coffee bar, laptop station, conference room, multiple loading points and a model unit, with brand new heating, air conditioning and exterior painting. Situated in the Centre Stage at Jonestown shopping center, the facility has great signage and highway visibility with ease of access to U.S. Highway 421, Interstate 40 and U.S. Highway 158.

“This self-storage facility was a conversion of an existing retail building. I predict that we will be seeing a lot more of these projects in the future. There was considerable upside in this project with the facility still leasing up,” says Mele, senior managing director investments.

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

Raj Ravi

Regional Manager, North Carolina

(704) 831-4650

NAI Realvest Negotiates New Retail Leases at Westmonte Place in Altamonte Springs, FL

Kimberly Manson

ORLANDO, FL  – NAI Realvest’s Senior Vice President Jeffrey Tanner and Director of Retail / Investment Sales Kim Manson recently negotiated two lease agreements for retail space totaling 2,892 rentable square feet on behalf of Landlord Westmonte Plaza, Inc. in Altamonte Springs.

Kinetic Fitness 110 LLC leased Suite 1124 with 1,600 square feet at 195 S. Westmonte Drive.  The new tenant was represented by Brigette Johnson of FBX Commercial. 

Manson and Tanner also brokered a new lease agreement with AP Design and Casting for Suite 1102 with 1,292 rentable square feet in Westmonte Place.  

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

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

  

NAI Realvest Negotiates over 22,200 Square Feet of Industrial Leases in May-June at South Park Business Center in Orlando, FL

Tom R. Kelley II

ORLANDO, FL– NAI Realvest negotiated four new industrial leases in June totaling 9,910 square feet at Orlando’s South Park Business Center, 8600 Commodity Circle and in May leased 12,293 square feet comprising five new leases, totaling over 20,200 square feet in a two-month period.

Tom R. Kelley, II, CCIM, a principal NAI Realvest negotiated all the transactions on behalf of the landlord South Park, LLC.     

The four new June tenants who signed on at South Park Business Center are Newo Enterprises with 4,010 square feet; The Aventus Group, 2,240 square feet and Tiregraphics, Inc. and Cloud of Goods, each leasing 1,830 square feet. 

The five new tenants who leased in May, at South Park Business Center are Special Care Medical of South Carolina, Inc. who leased 3,531 square feet; Lexington Pool & Maintenance, 3,015 square feet; New Sense Productions, Inc., 2,087; Full Circle Productions and American Constructors who each leased 1,830 square feet.   Kelley represented Miami-based Landlord South Park, LLC.

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

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