RMK Management Corp. Adds Three New Midwest Properties to Management Portfolio

Anthony Rossi Sr.

CHICAGO. IL – RMK Management Corporation, one of the Midwest’s largest market-rate apartment management firms, announced it has taken over leasing and property management for three rental communities in Elgin, Ill., Madison, Wisc, and Chesterton, Ind., acquired by Trevian Capital and Crown Properties.

The properties’ new owners, both headquartered in New York, spent over $3,500,000 in capital improvements across the three properties totaling 407 units.

Summit Hill in Madison, WI features a mix of studio, one-bedroom lofts and two-bedroom apartments

“One of the key advantages that we offer to the new owners and residents is our familiarity with the properties, as we managed all three of the properties in 2016,” said Anthony Rossi, Sr., CEO of Chicago-based RMK Management Corp.

 “RMK is an award-winning firm known for its superb, resident-focused customer service, so we can provide the kind of top-notch service and seamlessly take over management of these garden-style buildings that will elevate residents’ living experience.”

Wing Park, a 184-unit property near the Fox River in Elgin, IL, offers one- and two-bedroom apartments, each with one bath, and floor plans ranging from 650 to 925 square feet.

Summit Hill in Madison, Wisc., features a mix of studio, one-bedroom lofts and two-bedroom apartments that feature high ceilings, fireplaces, modern kitchens and in-unit laundry. 

Apartments, ranging from 450 to 950 square feet, come with a balcony, deck or outdoor space, free storage space and parking. The 123-unit property offers easy access to dining, entertainment, shopping, the state capital and is a 10-minute walk to the University of Wisconsin-Madison.

Wing Park, a 184-unit property near the Fox River in Elgin, Ill., offers one- and two-bedroom apartments, each with one bath, and floor plans ranging from 650 to 925 square feet. Kitchens feature electric appliances, dishwashers, window blinds and many units offer separate dining rooms and foyers. 

The community is next to a large community park, giving residents easy access to shopping, entertainment, major interstates and downtown Chicago from the Metra commuter rail.

Abbey Lane, a 100-unit property in Chesterton, IN, features one- and two-bedroom units with one bath.

Located eight minutes from the Indiana Dunes, Abbey Lane, a 100-unit property in Chesterton, Ind., features one- and two-bedroom units with one bath. Layouts, ranging from 839 to 1,398 square feet, offer fireplaces, dining rooms, lofts, dens and ample closet space. 

The property is also one of the few pet friendly communities in the area and is near restaurants, shopping, historical sites and entertainment. For commuters, a South Shore commuter rail reaches downtown Chicago in just over an hour.

  

RMK Management Corp. is one of the Midwest’s largest apartment management firms and has built its reputation on putting the needs of its residents first. 

CONTACTS: 

Amanda Cienkus, acienkus@taylorjohnson.com, (312) 267-4524

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.rmk.com.

Baleària Caribbean Relocating Cargo Operations to Schaefer Industrial Park in Fort Lauderdale, FL

St. George Guardabassi

FORT LAUDERDALE, FL – Baleària Caribbean recently signed a new, 5-year lease for more than 25,000 square feet of space at Schaefer Industrial Park in a deal brokered by St. George Guardabassi and Jonathan Thiel of Berger Commercial Realty/CORFAC International.

 Guardabassi, senior vice president, and Thiel, senior sales associate, represented the landlord, Schaefer Industries, Inc.Baleària Caribbean offers passenger service and cargo shipping to the Bahamas from Fort Lauderdale’s Port Everglades.

“The close proximity of Schaefer Industrial Park to Port Everglades, in addition to plenty of parking for customers, proved to be a deciding factor in Baleària’s relocation,” Guardabassi said.
Located at 3390 S.W. 13th Ave. in Fort Lauderdale, Schaefer Industrial Park is a 177,000-square-foot, two-building industrial complex located directly across from Fort Lauderdale / Hollywood International Airport along I-595.

Jonathan Thiel

The property features dock-high loading doors, up to 20 feet of clear ceiling height and convenient access to I-595, I-95, US-1 and Port Everglades.

For more information about Berger Commercial Realty’s leasing services, call 954-358-0900.

CONTACTS:

954-776-1999
Lexi Robinson, ext. 255, lrobinson@piersongrant.com
Marielle Sologuren, ext. 226, msologuren@piersongrant.com

www.corfac.com

call 224.257.4400 or visit 

www.bergercommercial.com.

HFF arranges $20.5 million financing for mixed-use development in Point Loma, CA

The Californian, a  planned luxury residential and retail mixed-use development at Kemper Street and Midway Drive, in the coastal San Diego submarket of Point Loma, CA

SAN DIEGO, CA –– HFF announces it has arranged $20.5 million in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma, California.

Bryan Clark

HFF worked on behalf of Murfey Company and Bishop Ventures to arrange the 10-year, fixed-rate loan through a commercial bank.  Loan proceeds were used to refinance existing construction financing.

The Californian is situated at the intersection of Kemper Street and Midway Drive adjacent to the newly completed West City Campus, a continuing education facility operated by the San Diego Community College District. 

 In addition, the property is two miles from the Liberty Station master-planned community and Ocean Beach and offers convenient access to I-5, I-8 and the Pacific Coast Highway. 

The three-story, elevator-served building encompasses 81 residential units totaling 68,141 square feet, 3,137 square feet of ground-floor retail and 108 parking spaces. 

 

Aldon Cole

Completed in 2018, units feature high-end, modern finishes and common area amenities include a rec room, courtyard with swimming pool, jacuzzi, barbeques and lounge areas throughout the property.

The HFF debt placement team representing the borrower was led by managing director Bryan Clark, senior managing director Aldon Cole and associate Bharat Madan.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About Bishop Ventures

Bishop Ventures is a San Diego-based real estate investment and development company with extensive experience in urban infill mixed-use development.  Founded by Gilman Bishop in 2007, the firm focuses on mixed-income housing affordable to low and moderate income households.

Bharat Madan

About Murfey Company

Murfey Company is a leader in the real estate development and building industry. 

 The company is dedicated to providing honest and high-quality services to all of its clients, investors and partners, with a focus on positive attitude, maintaining accessibility and a commitment to excellence. 

Murfey Company encompasses a comprehensive group of services, driven by technology, and fueled by a passion for all things in the building industry, Murfey Company has positioned itself as a clear-cut leader when it comes to development, investments and construction; ultimately enabling you to, “Create Your Lifestyle.” 

Gilman Bishop

 CONTACTS:

BRYAN J. CLARK

CA Lic. #01709389

HFF Managing Director

(858) 552-7690

bclark@hfflp.com

ALDON L. COLE

CA Lic. #01457351

HFF Senior Managing Director

(858) 552-7690

acole@hfflp.com

OLIVIA N. HENNESSEY

HFF Public Relations Specialist

(713) 852-3403

ohennessey@hfflp.com

https://murfeycompany.com/

BKM Capital Partners Introduces New Creative Industrial Offering in 302,000-SF Business Park in Burbank, CA

 

Brian Malliet

BURBANK, CA – As institutional investors and real estate operators continue to seek new strategies for value creation in commercial properties, institutional fund manager BKM Capital Partners has announced a fresh approach in its Backlot Burbank property – a 302,869 square-foot industrial business park in Burbank, California.

The firm, which has made a name for itself as one of the most active buyers of industrial portfolios in the Western U.S., recently unveiled creative improvements at its Backlot Burbank property which include the addition of urban street art murals painted by Paris, France-based artist, Alice Pasquini, in the 12-building property.

“As a diverse, culture-focused company with more than 7 million square feet of assets under management, we recognize the tremendous opportunity in delivering unique upgrades that celebrate culture, art, and the local community,” says Brian Malliet, CEO and co-founder of BKM Capital Partners.

 “By thinking outside the box, we are delivering a new local landmark that provides a positive social impact while also driving property value for our investors.”

Alice Pasquini

The property, which BKM acquired in August 2018 for $84.75 million, is situated in Burbank’s most active entertainment core for broadcasting and radio production.

Backlot Burbank is located at 4100-4210 W. Vanowen Place; 2303-2333 N. Valley Street, 4400-4510 W. Vanowen Street in Burbank, California.

 CONTACTS:

Alex Caswell/Lexi Astfalk

Brower Group

(949) 438-6262

acaswell@brower-group.com

HFF closes $25 million sale of Philadelphia-area medical office building leased to Crozer-Keystone Health System

Crozer-Keystone at Broomall, a 57,320-SF, Class A cancer center and multi-specialty outpatient facility
in the Philadelphia-area community of Broomall, PA

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced  that it has closed the sale of Crozer-Keystone at Broomall, a 57,320-square-foot, Class A cancer center and multi-specialty outpatient facility in the Philadelphia-area community of Broomall, Pennsylvania.

Ben Appel

HFF marketed the property on behalf of the seller, Capital Solutions.  Anchor Health Properties purchased the asset free and clear of existing debt.

Crozer-Keystone at Broomall is located at 30 Lawrence Road in the dense infill Route 3 corridor of northern Delaware County.  Positioned just six miles outside of Philadelphia, the medical office building draws from eight hospitals and more than 330,000 residents within a five-mile radius. 

Crozer-Keystone Health System, which is the dominant health system in Delaware and Chester counties with 63% market share, leases the entire facility on an absolute triple net master-leased basis. 

Evan Kovac

The HFF investment advisory team representing the seller was led by members of HFF’s healthcare capital markets team, including director Ben Appel, managing director Evan Kovac and associate Andrew Milne as well as senior managing director Doug Rodio.

About Capital Solutions

Capital Solutions is a real estate investment and private equity firm founded by Frank Seidman in 1991.

The Capital Solutions investment team consists of experienced professionals with strong backgrounds in real estate acquisitions, dispositions, finance, equity funding, redevelopment, asset management, structured finance and capital markets.

Capital Solutions invests alongside quality operating partner across the U.S. and Canada with a focus on medical office, multifamily, student housing, senior living, and net lease opportunity within its real estate portfolio.

 

Andrew Milne

About Anchor Health Properties

Anchor Health Properties (“Anchor”) is a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities. 

Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. 

 The company develops and manages projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. 

Doug Rodio

Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also a different kind of healthcare development and management company. 

For more information, please visit: www.anchorhealthproperties.com.

 CONTACTS:

Frank Seidman

BEN APPEL

PA Lic. #RS312185

HFF Director

(212) 872-9903

bappel@hfflp.com

EVAN KOVAC

HFF Managing Director

(206) 576-0050

ekovac@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 848-1572

krmurphy@hfflp.com