Skyland Town Center Announces Newest Retail Tenants

Rendering of Skyland Town Center, Southeast Washington, DC

McLean, VA, Jan. 27, 2020—Skyland Town Center, located in Ward 7 at the intersection of Alabama Ave., Naylor Road and Good Hope Road in Southeast, Washington, DC, announces the addition of two new tenants—Starbucks and Chase Bank.

Angie Trosper

Starbucks, opening in late 2021, will be the first drive-thru café in the city. Chase Bank will also open in 2021.

 Rappaport’s Jim Farrell, Thomas Bolen III and Michael Leon represented Skyland Town Center in both the Starbucks and Chase transactions.

Muriel Bowser

Jim Farrell

Angie Trosper with CBRE represented Starbucks and Matthew Alexander with Dochter Alexander represented Chase.

With Skyland nearing completion, there has been a flurry of activity and interest in the project.

Developers Rappaport and WC Smith are also working with Matthew Sullivan of Cushman & Wakefield to pre-lease a four-story Medical Office Building on the site. 

Matthew Alexander 

In addition to interest in the medical building, the leasing team is pursuing a variety retail including a boutique fitness, restaurants and other service uses.

These new tenants will join Lidl and CVS, which is already operating on-site in temporary quarters. The first phase of construction, which includes CVS is 84,500 square feet of space.

 In addition, residents of Skyland Town Center are expected to move in late 2020 while retailers will open their doors early 2021. 

Thomas Bolen III 

Upon completion, Skyland Town Center will have approximately 135,000 square feet of retail and 450-500 residential apartments in a vibrant town square setting.

Skyland Town Center will provide retail services and amenities to the community in an area just east of the Anacostia River.

 “We’re very excited about Skyland Town Center and how it’s coming together,” said Rappaport President Henry Fonvielle. “Our leasing team is actively working on attracting high-quality and essential retail, dining and services that will greatly enhance the community.

Michael Leon

"We’re proud to be able to serve as a catalyst to make Skyland the heart of the community. These new additions are going to greatly improve the offerings in this neighborhood and will be a huge benefit for a community that has long been underserved.” 

 “This fall we will deliver 263 new apartments, across 290,000 square feet, to Skyland Town Center,” said WC Smith CEO Chris Smith.

Matthew Sullivan 

“We look forward to offering our future residents the services Starbucks and Chase Bank provide. These businesses will be a welcome addition to the Skyland community and surrounding neighborhood.”

 “We know that residents in every part of D.C. want access to amenities, and so that is what we are bringing to Skyland,” said Mayor Muriel Bowser.

“We were thrilled to announce last year that Lidl is on the way, and now we are pleased to be able to say that this project is shaping up to be a true town center that will deliver jobs and opportunity to the Ward 7 community.”

Chris Smith

 About Rappaport:

Founded in 1984 by Gary Rappaport, Rappaport is an owner, developer and provider of leasing, tenant representation, property management, marketing and development services.

 The firm's multiple service lines and broad diversity of clients ensure an enhanced perspective on the entire retail real estate process, making the company one of the most well-known and well-respected retail real estate firms in the Washington, DC region.

Gary Rappaport

Rappaport has the ability to successfully adapt to the ever-changing, fast-moving, innovative, and entrepreneurial retail industry. 

As a trusted advisor with the right connections, unique experience, and in-depth market awareness, Rappaport has mastered the art of cultivating places.

  

CONTACTS:

Vicki Bendure

202-374-9259 cell/text

Vicki@bendurepr.com

Dee Singletary

301-675-5264

 dsingletary@rappaportco.com

www.wcsmith.com

www.rappaportco.com

OTL Furthers Global Expansion; Appoints New Vice President to Manage Business Development

Barry Caylor 

Anaheim, CA (Jan. 27, 2020) – As a continuation of its global growth initiative, Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, fountains, rockwork and themed environments, has announced that 30-plus-year water feature industry veteran Barry Caylor has joined the firm as Vice President of Business Development to manage the firm’s ongoing international expansion.

“The call for fountains and themed environments in a variety of commercial property and public space settings has grown louder, creating a robust pipeline of new projects for the OTL team,” says J. Wickham Zimmerman, Chief Executive Officer of OTL.

“Today’s developers and property owners are seeking innovative, technology-driven, and experiential amenities for their developments that will attract more tenants and visitors to these destinations and distinguish them from their competitors.”

In his new role, Caylor will create new business opportunities while maintaining and nurturing relationships with existing clients.

J. Wickham Zimmerman

Based in Dallas, Texas, he will oversee OTL’s business development teams while leveraging his depth of knowledge in commercial water features and related systems to support the firm’s core competency.

“Given the growth OTL is experiencing across the globe, strong management of this expansion continues to be essential,” says Caylor.

 “As we take on new opportunities throughout the country, our focus is to continue adding top talent to our team, while fine-tuning procedures that will positively impact our company and our Clients for the long term.”

Contacts:

Alex Caswell / Jenn Quader

Brower Group

(949) 438-6262

acaswell@brower-group.com

www.otl-inc.com.

Native Realty Brings Mitch’s Westside Bagels to Motif in Flagler Village, Fort Lauderdale, FL

 Rendering of Motif, a planned mixed-use development
at 500 North Andrews Avenue, Fort Lauderdale, FL

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, finalized a lease for popular restaurant Mitch’s Westside Bagels to open a new location at Flagler Village development Motif.

Sturgis and the firm’s John Brewer arranged the transaction.

Mitch Shidolfsky

 A longtime staple for deli enthusiasts in Weston, Mitch’s is set to open a 2,000-square-foot restaurant on the ground floor of Motif.

ArchCo Residential and Bluerock Real Estate Holdings are building Motif at 500 N. Andrews Ave. 

The site of the 385-apartment project with nearly 25,000 square feet of retail and restaurant space spans a full block from North Andrews Avenue to Northeast First Avenue and from Northeast Sixth to Fifth streets.

Native is exclusively marketing the retail and restaurant space at Motif. Financial terms of the Mitch’s lease were not disclosed.

John Brewer

 A traditional New York-style deli owned by Mitch Shidolfsky, Mitch’s is known for its fresh bagels made on site, homemade salads, smoked fish shipped from Brooklyn and more.

“Mitch’s is sure to have a big following among residents of Motif and others who live, work and spend time in Flagler Village,” Sturgis said. “We are excited to secure this lease with the restaurant and look forward to announcing additional tenants at Motif soon.”

The North Phase of Motif is scheduled to be completed in January 2020, with the South Phase to follow in April 2020. 

Motif’s design includes a paseo that will connect North Andrews Avenue to Northeast First Avenue and double as an entertainment venue, with market stalls, outdoor restaurant seating, a 7,396-square-foot public plaza and courtyard.

Jaime Sturgis

Motif is an example of how prominent developers and investors who historically would have hired large national real estate brokerages to market their commercial projects are increasingly turning to Native in the Flagler Village area.

The latest transaction keeps the momentum going from a historic year for Native and Sturgis. 

The year began with the January 2019 milestone sales of The Hive and Flagler Uptown in Flagler Village, which set neighborhood records on both a price per building square foot and land square foot basis and was the culmination of Sturgis’ multi-year efforts successfully curating the properties with a vibrant mix of tenants.

On Oct. 30 in Miami, Sturgis was honored by Urban Land Institute (ULI) Southeast Florida/Caribbean as the 2019 Young Leader of the Year. Sturgis earned the prestigious award for his holistic approach to placemaking in Flagler Village and the other urban core neighborhoods he lives, works and plays in.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com

GLT Group Brokerage Arranges $7 Million Sale of Winn-Dixie Shopping Center in Tarpon Springs, FL

Sean Ziv (left) and Ran Ziv

MIAMI, FL, Jan. 27, 2020 — GLT Group Brokerage announced the sale of Meres Town Shopping Center in an off market transaction. The 47,183- square foot grocery anchored shopping center property located in Tarpon Springs Pinellas County, Fla. 

Tenants include Winn-Dixie supermarkets®, Dunkin Donuts, Metro PCS, Fantastic Sam’s, China Express restaurants and Leslie’s Swimming Pool Supplies. 

Sean Shahar A. Ziv of GLT Group Brokerage represented the seller, a foreign real estate fund with properties across the US. GLT Group Brokerage also procured the buyer, a private individual in a 1031 exchange. 

The shopping center was sold for $7 million. 

Meres Town Shopping Center, a 47,183- SF grocery anchored shopping center property located in Tarpon Springs,
 Pinellas County, FL

“The shopping center is well-positioned on a popular trade corridor in Tarpon Springs, with a population of over 120,000, an average household income of over $76,000 within a 5-mile radius and 29,000 vehicles travelling through the area every day. 

Florida Hospital (AdventHealth®) is located south of the property and a 236-unit rental apartment project is being constructed next door. In addition Meres Boulevard is being extended to US I-19. 

All the factors above made an attractive asset to our 1031 client” says Sean Ziv CEO of GLT Group. The shopping center had a 100 percent occupancy rate at the time of the sale.

This transaction follows another off market deal by GLT Group brokerage earlier this month in which Miami-based CF Properties Corp sold a Publix-anchored located in the Tampa Bay Area to a private individual in a 1031 exchange.      

CONTACT:

Ran Ziv

444 Brickell Avenue Suite 730 Miami, FL 33131 USA License FL SL3278866 License CA 01918311

+1 (786) 860-5982  Office +1 (858) 248-3980  US mobile rziv@thegltgroup.com www.the

www.thegltgroup.com

Continental Partners Secures $18.75 Million in Financing for the Acquisition of Industrial/Office Flex Property in Redmond, WA

 Redmond Heights Center, Redmond, WA

Redmond, WA – Continental Partners, a commercial real estate investment banking firm, has successfully secured $18.75 million in financing to facilitate the acquisition of the Redmond Heights Center, a 126,545 square-foot industrial/office flex property in the Seattle submarket of Redmond, Washington.

Carl Riggins

Carl Riggins, a Director at Continental Partners, arranged the permanent financing on behalf of the buyer, ALCO Investment Company, a private real estate company that purchased the asset from Wakefield Redmond Heights.

The asset is located in the rapidly growing Eastside Washington market, approximately 15 miles from Downtown Seattle, which is experiencing extremely high demand for office space, notes Riggins.
“This acquisition presented the sponsor with an opportunity to benefit from the increasing appetite for office space throughout greater Seattle,” explains Riggins, who notes that the majority of new office construction in the area is preleased, at rates of 81% in Seattle proper and 87% in the Eastside submarkets. 

“This particular property has the unique appeal of consisting of industrial space as well. Through conducting extensive market research, we were able to communicate the true long-term value of the asset to potential lenders.”

According to Riggins, Redmond Heights Center’s rents were more than 25% below market at the time of acquisition, with substantial tenant rollover in the first three years. 
This provides a tremendous opportunity for the buyer to organically increase revenue through renewals and new leases over time. The challenge was finding a lender who shared the same vision as the borrower with regard to the rent potential, rather than solely focusing on the current lease terms.

Contacts:

Micaela Fehrenbach / Elisabeth Manville

Brower Group

(949) 438-6262

mfehrenbach@brower-group.com

JLL Capital Markets Industrial Team expands in Florida with key hire of Julia Silva

Julia Silva

TAMPA, FL, Jan. 27, 2020 – JLL Capital Markets announced today the expansion of its Florida Industrial Capital Markets team with the addition of Managing Director Julia Silva in Tampa.

Ms. Silva brings more than 30 years of industrial experience to the Florida-based team comprising Bret Felberg and Robbie McEwan in JLL’s Orlando office and Luis Castillo in JLL’s Miami office for the industrial efforts throughout Florida. 

JLL’s global industrial practice is a key growth initiative for the firm.  Florida’s model fosters Capital Markets and Agency collaboration statewide in order to offer clients seamless investment advisory, joint venture financing, corporate M&A and structured finance.

              Bret Felberg

Ms. Silva joins JLL Capital Markets from Cushman & Wakefield, where she was a managing director for the Tampa industrial team. Prior to Cushman, Ms. Silva was the market leader for and opened Duke Realty’s Tampa office. 

There, she was part of the industrial development team and was involved in the development of more than one million square feet of industrial space and over 750,000 square feet of office space, providing a unique understanding of the functionality of building site layouts and geographic placement for new product and second-generation industrial space.

Robbie McEwan

During her tenure at Cushman, Ms. Silva was instrumental in growing the agency platform five-fold to more than 15 million square feet, representing some of the nation’s largest REIT’s, institutional owners, developers and operators. 

Additionally, by partnering with Cushman’s industrial investment sales team, she was involved in sale transactions totaling more than 10 million square feet of industrial space. 

Ms. Silva is an active member of numerous industry organizations, including serving as the past president of NAIOP Tampa Bay’s state and local chapters. Additionally, she was a founding member and past president of CREW Tampa Bay and holds an SIOR designation.

Luis Castillo

“I began my early career with Jones Lang Wooten in New York City in 1989 and am honored to be back with the firm in such an important capacity,” Silva added.

 “I look forward to growing JLL’s Industrial Capital Markets practice in Florida in close collaboration with JLL’s global industrial agency teams in order to bring forth a best-in-class platform for our clients.

“Julia brings extensive leadership experience, a wealth of knowledge on growing a successful platform and deep relationships with many of the nation’s top industrial owners and users to the firm,” said Executive Managing Director Manny de Zárraga, who is based in JLL’s Miami office. 

“With the addition of Julia, the depth of our Florida Industrial Capital Markets platform has the capacity to advise clients across the full spectrum of their capital needs, as well as connectivity to the agency leasing platform.”

Manny de Zárraga

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.

 The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

Contact: 

Kimberly Steele

JLL Senior Associate

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.