Tangram Appoints New Team Leaders in California for Newport Beach, Fresno and Bakersfield Offices

Kellie Reed

SANTA FE SPRINGS, CA, Sept. 12, 2019 – Tangram, a curator of highly creative commercial interior environments and workspaces, has announced the appointment of new team leaders for its offices in Newport Beach, Fresno and Bakersfield.

Kellie Reed, who has served as General Manager for the firm’s offices in Fresno and Bakersfield, will now assume responsibility as Sales Director, Orange County, for the Tangram office in Newport Beach. 

She will also serve as Director of the firm’s overall healthcare practice. Reed joined Tangram in 2012 after 13 years as a highly successful sales professional for a Fresno-area furniture dealership. 

Alyssa Armesto

During her tenure in the Fresno office, she led a tripling of sales volume for that location. Reed subsequently was appointed to lead the company’s office in Bakersfield when it opened in 2017. 

She sees strong opportunities for growth in Orange County across the board, as well as in the vibrant and growing healthcare market companywide.

Alison Hickman

In conjunction with that move, Alyssa Armesto will advance from her position as a sales executive in the firm’s Newport Beach location to assume the role of General Manager in Fresno. 

Armesto joined Tangram in 2012 and is looking forward to returning to her hometown in an expanded role with Tangram.

 Her focus will be on growing Tangram’s presence in the area by applying the company’s consultative, value-added approach to unleashing the potential of the workplace to build positive results for customers’ businesses.

 Joe Lozowski

Bakersfield will also see a new presence with Alison Hickman as Regional Manager. Hickman is a 15-year resident of Bakersfield and comes to Tangram following seven years as a successful local business owner with expertise including residential and commercial interior design. 

She anticipates applying her skills in identifying and optimizing the functional goals for spaces, while building strong relationships between the company and the community as the city undergoes a revitalization.

“It’s a very exciting time for three of our anchor offices serving Southern and Central California with the appointment of these highly professional individuals with proven capabilities for leadership of these teams,” said Tangram President and CEO Joe Lozowski. 

“We believe their backgrounds and talents are a perfect match for helping organizations in their respective locations achieve their unique goals for their workforce and future growth.”

CONTACT:

Rachel Devany

VP Public Relations

rachel@kcomm.com

949-443-9300

www.tangraminteriors.com.

JLL arranges $61 million financing for new Hyatt House hotel in Chicago

Hyatt House Fulton Market, a 200-room, newly constructed hotel
in Chicago’s Fulton Market District.

CHICAGO, IL, Sept. 12, 2019 – JLL announces that it has arranged a $61 million refinancing for Hyatt House Fulton Market, a 200-room, newly constructed hotel in Chicago’s Fulton Market District.

JLL worked on behalf of the borrower, a partnership between Sterling Bay and Wheelock Street Capital, to place the five-year, floating-rate loan with Argentic Real Estate Investments LLC. Loan proceeds will be used to retire the construction loan.

Hyatt House Fulton Market  includes an indoor rooftop pool with an outdoor patio, state-of-the-art fitness center

Hyatt House Fulton Market is the only extended-stay product in the market, the only branded hotel in Fulton Market and the first hotel to feature the brand’s newest design, which includes an indoor rooftop pool with an outdoor patio, state-of-the-art fitness center, 1,570 square feet of meeting space, 5,100 square feet of retail space, breakfast dining area, H Bar, lobby workstation and H Market. 

Nicole Aguiar

The hotel is situated at 105 N. May Street in the Fulton Market District, which was formerly the city’s meatpacking district and an area that has evolved into a dynamic, mixed-use area within the West Loop. 

The hotel is adjacent to the newly constructed 574,000-square-foot global headquarters for the world’s most renowned fast food company, which was also developed by the borrower.

 

Timothy Joyce

The JLL Capital Markets team representing the borrower was led by Managing Directors Timothy Joyce and Steven Klein and Director Nicole Aguiar. 

“This is a truly unique asset within Fulton Market with an unmatched competitive advantage throughout the greater Chicago market,” Aguiar said.

Steven Klein

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas (IL) LP. 

Contact: 

Kimberly Steele, JLL Digital Content/PR Specialist

Phone: +1 713 852-3420

Email: Kimberly.Steele@am.jll.com

 sterlingbay.com

 wheelockst.com

  jll.com.

Marcus & Millichap Brokers $2.7 Million Sale of 42-Unit Lexington Court Apartments in Tampa, FL

Luis Baez,

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Lexington Court, a 42-unit apartment property located in Tampa, FL, according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $2,730,000.

Luis Baez, CCIM, Miles Tombrink, Casey Babb, CCIM and Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also secured and represented by the same brokers.

“Lexington Court provided investors an opportunity to obtain a stabilized asset in a class C submarket with a cash-on-cash return of over 12% on day one,” said Tombrink.

Casey Babb

 “Pairing this with our industry leading marketing capabilities, we were able to obtain six written offers within 45 days of marketing the property, before coming to terms with an out of area investor at 96.3% of list price,” added Baez.

Lexington Court is located at 11738 North 14th St in Tampa, Fla.  The property is a conventional 42-unit apartment community located in Hillsborough County situated on 2.46 acres.

 Lexington Court consists of 21 single-story buildings consisting of 29 one-bedroom/one-bathroom units each 525 square feet; 12 two-bedroom/one-bathroom units each 750 square feet; and one, two-bedroom/one-and-one-half-bathroom unit that is 770 square feet.

Shawn Rupp

 All 21 buildings are 1970's construction of concrete block with a painted stucco facade and a blend of pitched shingle and mansard roofs. All tenants have access to an on-site laundry facility and off-street parking. Residents are convenienced by the close proximity to an abundance of jobs and public transportation options giving them easy access to other parts of the Tampa metro. 

           Lexington Court is conveniently located one block north of Fowler Avenue, a major east-west thoroughfare providing access to major interstates and state highways.

 Situated just minutes from major employers and employment hubs, the property offers residents a central location with convenient access to many jobs.

Miles Tombrink

 Major points of interest in close proximity to Lexington Court include Busch Gardens and Adventure Island (2.11 miles and 3,000 employees), University of South Florida (1.94 miles and 16,000 employees) and University Mall (0.51 miles) which is undergoing a massive mixed-use repositioning and bringing in major national tenants.

 Located 0.57 miles from Lexington Court is Interstate 275, giving access to Downtown Tampa (60,000 employees and 15-minute drive) and Westshore Business District (94,000 employees and 20-minute drive).

CONTACT:

Chris Travis

Sales Manager, Tampa

(813) 387-4700