Stos Partners Acquires 228,912-SF Industrial Asset for $28.9 Million in Temecula, CA

Industrial building at 42301 Zevo Drive in Temecula, CA is occupied by publicly-traded, global healthcare leader that will manufacture quick COVID-19 tests onsite at the facility.

TEMECULA, CA – Stos Partners, a privately held commercial real estate investment and management firm, has acquired a 228,912 square-foot industrial asset in Temecula, California for $28.9 million in an off-market transaction.

CJ Stos

“This was an opportunity to acquire a well-located, off-market, institutional-quality asset in a submarket that is positioned for long-term growth,” says CJ Stos, Principal of Stos Partners.

 “Temecula has undergone rapid expansion over the last several years as companies continue to relocate from other Southern California markets, driving strong demand to the property.”

Stos explains that the firm’s ability to quickly identify and source this deal in the current market landscape speaks to the strength of its deep relationships, as well as its strong track record and reputation in the industry.

“We are one of the most active buyers of industrial product in Southern California,” he says. “We are extremely well-capitalized, have a deep understanding of the local market and can move quickly to get deals done.”

   Alisa Lovas

The property is currently 100-percent occupied. A global, publicly-traded healthcare leader occupies the majority of the building and plans to utilize the facility as part of its distribution network for quick COVID-19 tests.

“This is a strategic addition to our growing portfolio with a strong in-place credit tenant,” says Jason Richards, a Partner at Stos Partners.

“The healthcare industry is one that is rarely impacted by market fluctuations as there is always demand for healthcare services and products, especially now.

Jason Richards

"An existing long-term lease strategically positions the asset for stable in-place cash flow and upside potential over the next several years.”

            The property is located at 42301 Zevo Drive in Temecula, California.

Scott Stewart of Lee & Associates represented Stos Partners as the buyer in the acquisition. Alisa Lovas of Lee & Associates represented the seller, a private investor.

About Stos Partners:

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors.

Scott Stewart

With a track record spanning over one-half billion in investments to date, the firm targets the most competitive risk-adjusted returns in the marketplace through opportunistic acquisitions, strategic redevelopment and ground-up development of both institutional and small-to-mid-cap commercial properties.

Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably.

CONTACTS:

Lisa James / Lexi Astfalk

Brower Group

(949) 438-6262

ljames@brower-group.com

www.stospartners.com.

HSA PrimeCare Completes Sale of Four-Building, 107,828 SF Midwest Medical Office Portfolio to IRA Capital

Advocate Good Samaritan South,  35,011-square-foot outpatient clinic, 6840 Main Street, Downers Grove, IL

John Wilson

CHICAGO, IL — HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, announced the firm has finalized the sale of four medical office buildings in Illinois and Wisconsin totaling 107,828 square feet to Irvine,

Calif.-based IRA Capital. HSA PrimeCare will continue to manage the assets on behalf of their new owner.

“Our team has enjoyed the challenge of developing and enhancing the value of these medical office buildings over the last decade, and we look forward to continuing to manage these properties on behalf of IRA Capital,” said John Wilson, president of HSA PrimeCare.

Mike Wilson

“With increased development and investor interest in healthcare as an asset, HSA PrimeCare looks forward to continuing our efforts to develop new quality outpatient facilities with our healthcare partners.”

The portfolio includes investment-grade, hospital-anchored assets that were developed or acquired by HSA PrimeCare, including the following:

• Advocate Good Samaritan South at 6840 Main St. in Downers Grove, Ill., a 35,011-square-foot outpatient clinic developed by HSA PrimeCare in 2008 and anchored by Advocate Aurora Health.
•  
• Hawthorn Surgery Center at 240 Center Drive in Vernon Hills, Ill., a 15,321-square-foot freestanding surgery center developed by HSA PrimeCare in 2014 as a build-to-suit for Deerfield, Ill.-based Surgical Care Affiliates.
•  

Erik Foster 

• Advocate Aurora Health Beverly Clinic at 1357 W. 103rd St. in Chicago, a 33,519-square-foot multi-tenant office building constructed in 1955 and redeveloped by HSA PrimeCare in 2007 to house an Advocate Aurora primary care clinic, as well as a bank.
• Advocate Aurora Health Muskego Clinic at S68W15500 Janesville Road in Muskego, Wis., a 24,067-square-foot retail healthcare clinic offering OB/GYN and radiology services, bought by HSA PrimeCare in 2012.

Mike Wilson and Erik Foster of Avison Young represented HSA PrimeCare in the transaction.

CONTACTS:

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

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528 

JLL completes sale of Cincinnati, OH office building

Columbia Plaza, 538,437-square-foot,
29-story office building at 250 E 5^th Street,
 Central Business District, Cincinnati, OH

 Jaime Fink

CHICAGO, IL – JLL Capital Markets announced it has completed the sale of Columbia Plaza, a newly renovated, 538,437-square-foot office building in Cincinnati, Ohio.

 JLL represented the seller, HighBrook Investors, and procured the buyer, Zamir Equities, LLC.

 Columbia Plaza is located at 250 E 5^th Street in the heart of Cincinnati’s central business district, which is home to eight Fortune 500 companies.

The 29-story tower has a superior location close to demand drivers such as Fountain Square, the entertainment districts of Newport and Covington, as well as The Banks, which is home to the Cincinnati Bengals and Reds.

Additionally, Columbia Plaza is proximate to Interstates 71 and 75, two of the major regional thoroughfares.

Jeffrey Bramson

Recently renovated, the 29-story tower boasts a 5,000-square-foot expansion to the lobby, a 3,000-square-foot tenant lounge, conferencing facilities, outdoor plaza with multiple seating areas and a 494-space subterranean parking garage.

 The 76.2%-leased Columbia Plaza is anchored by Western & Southern.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Jaime Fink, Jeffrey Bramson and Bruce Miller, Senior Director Patrick Shields and Director Sam Difrancesca. 


 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.

Bruce Miller

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.

About Highbrook Investors:

HighBrook Investors is a real estate private equity firm that was founded in 2010 as a unique entity blending best practices from both the private equity and hedge fund industries.

As a value-oriented investor, Highbrook acquires and actively manages property investments across North America and Europe which are typically in need of repositioning or restructuring.

 Patrick Shields

The HighBrook team specializes in recapitalizing properties that are encumbered by complicated structures, and in transactions that typically require speed, flexibility and substantial capital infusions.

As a nimble and well-capitalized player, Highbrook is uniquely positioned to source and execute on compelling risk-adjusted investment opportunities.

About Zamir Equities:

Founded by Asher Zamir in 2003, Zamir Equities is a privately held New York City-based, integrated real estate private equity firm.

Currently, Zamir Equities owns and manages cumulative properties in excess of 3.6 million square feet.

Sam Difrancesca

Recognized for their astute acquisition proficiency, along with unparalleled real estate management, leasing and marketing experience, Zamir Equities specializes in risk-adjusted market returns in both undervalued and stabilized real estate assets.

Zamir Equities is headquartered in the heart of midtown Manhattan in the Fred F. French Building.

CONTACT:

  Kristen Murphy

Senior Manager, Public Relations

JLL Capital Markets

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

us.jll.com/capitalmarkets

zamirequities.com.

jll.com.

Arbor Funds $13.7 Million Fannie Mae Loans in Wichita, KS

Eugene Yanovskiy 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently announced the funding of three Fannie Mae loans totaling $13.7M in Wichita, KS.

 Kingston Cove Apartments, Wichita, KS

 Kingston Cove Apartments received $8.9M in acquisition financing, with a 12-year fixed rate, one year of interest only payments and a 30-year amortization, through the Fannie Mae DUS® program.

Set on the shore of a private 20-acre lake, the 252-unit complex includes one- and two-bedroom apartments. It also features a fitness center, pool, volleyball court, clubhouse, boat dock and on-site boat storage. Fine dining, retail shopping and OJ Watson Park are nearby.

 The Danish Village Apartments received $2.1M in acquisition funding, with a 12-year fixed rate through Fannie Mae Small Loan program.

  Danish Village Apartments, Wichita, KS

The recently remodeled, 78-unit complex features spacious, one- and two-bedroom apartments with new appliances, carpets and vinyl floors. Retail shopping and the McConnell Air Force Base are within a short driving distance. 

 Pine Creek Apartments received $2.7M in acquisition financing, with a 12-year fixed rate and a 30-year amortization, through the Fannie Mae Small Loan program.

The 68-unit property features two-bedroom apartments and a playground. Just three miles from Downtown Wichita, the complex is conveniently located to local golf courses and parks. 

Pine Creek Apartments, Wichita, KS

 Eugene Yanovskiy of Arbor’s New York City office originated the loans.

“At Arbor, we value the long-term partnerships we have with our borrowers,” Yanovskiy said. “These deals exemplify our continued commitment to providing customized financial solutions for our clients to ensure they meet their intended goals.”   

 CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

arbor.com

Stonehill Secures Financing Facility for $100 Million in Property Assessed Clean Energy (PACE) Lending for All Asset Classes

Anne Hill

ATLANTA, GA, May 4, 2020—Officials of Stonehill today announced the company has secured financing for $100 million of Property Assessed Clean Energy (PACE) lending for all commercial real estate asset classes. 

The additional, privately-funded capacity already is being used to retroactively fund multiple development projects impacted financially by the on-going coronavirus pandemic.

Mat Crosswy

“These are trying times for virtually everyone, and unfortunately, financing is one of the hardest hit corners of the economy,” said Anne Hill, president, Stonehill PACE, a division of Stonehill. 

“However, we have the financial capacity and team of experts to help owners and developers navigate these turbulent waters together. 

"We are confident that this crisis, too, shall pass, and we are here to provide a financial lifeline to tide people over during the interim.”

Mat Crosswy, principal, Stonehill, added: “With the economy currently on hold and sources of financing, like the Paycheck Protection Program, drying up almost as quickly as they come online, PACE financing is a clear alternative for everyone from developers looking to restart temporarily stalled projects to owners seeking additional operating expense capital for already completed assignments.

“Currently, we are fielding increased requests as developers contend with everything from mezzanine financing walking away from deals to the need for rescue capital.

“As direct lenders with the ability to close funding quickly and on schedule despite COVID-19 disruptions, we are doing deals right now for all asset classes.

 “To date, we’ve provided funding for multi-family and hotel projects midway through the construction process and expect to process millions of dollars more in short order.”

 To discuss potential financing opportunities, please contact Brent LeBlanc at 713-666-2544 or bleblanc@stonehillsc.com.

CONTACTS:

 Chris Daly, media

 chris@dalygray.com 

(703) 435-6293  

                                                               

 Brent LeBlanc, corporate

(713) 666-2544 

http://www.stonehillsc.com