Taylor Johnson Announces New Chicago Client Fulton East

Rendering of Fulton East, a planned 12-story, 90,000-square-foot spec office and retail building at 215 North Peoria Street in the  Fulton Market district on Chicago’s Near West Side

CHICAGO, IL --  Taylor Johnson president Emily Johnson, announces the firm now represents Fulton East, a planned 12-story, 90,000-square-foot spec office and retail building that will provide small- to medium-sized tenants a home to locate and grow in the heart of Chicago’s Fulton Market district, centrally located near restaurants, retail and nightlife.

Emily Johnson

Led by veteran Chicago-based real estate developers Bob Wislow and Camille Julmy, Fulton East will be located at 215 N. Peoria St. in Fulton Market district on Chicago’s Near West Side and is scheduled for completion in spring 2020.

Fulton East features a modern design aesthetic with 11-foot floor-to-ceiling windows that fill each of the eight office floors with abundant natural light and unobstructed “skyspace” views of the city.

Robert (Bob) Wislow

Tenants will have access to spacious 9-by-27 balcony space on each floor, 8,000 square feet of green roof deck featuring event space, and state-of-the-art connectivity.

The building is available for a single tenant; for multi-floor users, via the building’s interconnecting stairway; for single-floor users (one 10,600-square-foot floor plate), or for partial-floor users.

Fulton East also offers 5,000 square feet of street-level retail and three levels of parking (54 spaces) for easy access for tenants and their clients. Fulton East is conveniently located near the CTA Morgan Green Line station.

Camille Julmy

Bob Wislow or Katie Scott, director of marketing and leasing, are available to speak about the project and can also serve as expert sources on a variety of real estate trends.

CONTACTS:

Julie Grange 

jgrange@taylorjohnson.com

Rebecca Boykin
rboykin@taylorjohnson.com
 (312) 267-4523.

www.fulton-east.com

National Model for Historic Restoration Extends Landmark Leases in Durham, NC

American Tobacco Campus, Durham, NC

DURHAM, NC, June 25, 2019 -- Duke University and McKinney have extended their leases at American Tobacco Campus (ATC). But these are no ordinary leasing arrangement. Both helped launch ATC and by extension downtown Durham on a path to renewal and national acclaim. 

Together, the two lease renewals account for nearly 180,000 SF at the campus, which includes more than 1.2 million square feet of Class A office space. But the symbolic significance of the occasion goes far beyond numbers.  

Gretchen Walsh

“While it was a big leap of faith to move the agency from Raleigh to Durham and the American Tobacco Campus in 2004, it’s turned out to be a perfect fit for us,” said Gretchen Walsh, McKinney’s managing partner in Durham.

“With ATC, we've found a true partner who has allowed us to approach space in a non-traditional manner, which has gone a long way in fostering the kind of creativity and integrated thinking that we’re all about.”

In the early 2000s, the notion of transforming the vast, long-shuttered tobacco factory into a meticulously restored and modernized mixed-use destination was highly, highly speculative. But Duke and McKinney stepped up as crucial early supporters.    

“What do these partnerships mean?" says Michael Goodmon, vice president of real estate for Capitol Broadcasting Company (CBC), which owns ATC. 

Michael Goodmon

"Imagine a Durham without not only American Tobacco but very possibly without the Durham Performing Arts Center. When Duke and McKinney signed those early leases, they essentially flipped the switch on the bright future that many of us now tend to take for granted.”

Goodmon adds, “The entire ATC and CBC teams are thrilled to continue these partnerships with one of the world’s leading universities and one of the country’s most dynamic creative agencies, writing new chapters that we’re confident will be every bit as exciting, positive and eventful.”

Scott F. Selig

Duke’s Lease  

Duke signed on with ATC in 2003 with the original lease actually kicking off in 2004. It’s new lease extends through April of 2030 

Duke will house some or all of its information technology, financial services, university counsel, corporate education, alumni affairs, and other resources at ATC -- totaling about 700 people occupying roughly 136,000 SF of Class A office space. It’s a footprint larger than the size of the Broadway-style theater at nearby DPAC.
  

Tallman Trask III

“American Tobacco Campus was and remains the future of Durham,” says Scott Selig, Duke’s associate vice president of capital assets and real estate. 

But looking back at the journey of Duke and ATC, Selig notes that not everyone was initially sold. Some personnel insisted they’d leave if relocated off Duke’s campus.

As to how that turned out, Selig pointed to a quote from Tallman Trask III, Duke’s executive vice president: “Today, those people who threatened to quit if we moved downtown say, ‘If you make us move out of American Tobacco we’ll quit.’”

CONTACT:

Greg Behr | GBW Strategies | Communications Strategist | 919.272.5621

Plaza Advisors Announces Sale of Cortez Road Shopping Center in Bradenton, FL

99,336-SF Cortez Road Shopping Center, US 41 & Cortez Road, Bradenton, FL

TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Cortez Road Shopping Center, located in Bradenton, Florida. 

The 99,336 square foot center is anchored by Planet Fitness, Books a Million, and Furniture Warehouse. Other notable tenants include outparcel users; Mattress Firm and Bob Evans. The asset was 100% occupied at the time of sale.

Jim Michalak

The seller was New York based Juster Development. The purchaser was Garner Group, a private equity group based in Atlanta, GA. Jim Michalak and Keith Nurre, senior analyst, represented the seller. Plaza Advisors was the sole broker involved in the transaction.

“The asset location is the strongest in the Bradenton market at the intersection of US 41 and Cortez Road," says Michalak. "Furthermore, the property offers significant upside including; a 1.2 acre unimproved vacant corner outparcel opportunity, below market rents, 3.5 acres of excess land and the ability to spin-off two single tenant NNN outparcels.  

Keith Nurre

"Demand for Florida retail product, remains robust”. Noted Jim Michalak of Plaza Advisors. “The various economic drivers of Florida, including strong population growth, a thriving economy and relocating retirees, continue to drive investment demand and provide a “safe haven” for capital placement by both domestic and foreign investors”.

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

CONTACT:

Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com