EverWest Acquires Inland Empire Industrial in $37 Million Off-Market Deal

                                

Magnolia Pointe, 1560 E. 6^th Street, Corona, CA

Erik Good

CORONA, CA, June 11, 2020 – Representing its second major off-market industrial acquisition in just over two months, Denver-based EverWest Real Estate Investors has completed the $37 million, seven-year sale-leaseback acquisition of Magnolia Point – a 210,345-square-foot Class A industrial building in California’s high-demand Inland Empire West submarket.

The building, which is located at 1560 E. 6^th Street in Corona, California, sits near the intersection of Interstates 10 and 15. It is 100 percent leased by Amrapur Overseas, Inc.

Richard Schwartz

“A strong industrial sector has made off-market, sale-leaseback scenarios like Magnolia Point an extremely attractive strategy for both the buyer and seller,” said EverWest Managing Director Erik Good, who oversees the company’s Southern California acquisition activity.

“We have been actively pursuing and closing deals just like this – involving well-located buildings with a stable tenancy and a solid value trajectory.”

Built in 2014, Magnolia Point is a Class A warehouse/distribution building featuring 32’ clear height, 21 dock-high doors, two ground-level doors, a 150-foot truck court and more than 27,300 square feet of office space.

Joey Reaume

Richard Schwartz, Joey Reaume and Tommy Gilmore of Colliers International represented EverWest in the acquisition. Jim deRegt of Lee & Associates represented the seller.

EverWest is an active investor and lender across the United States, including regional activity in the Southwestern U.S. spanning industrial, office and multi-family product.

About EverWest Real Estate Investors LLC

 Tommy Gilmore

EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado.

The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets.

Jim deRegt 

For more information on EverWest, please visit www.everwest.com.

 For more information on GWL Realty Advisors, please visit www.gwlra.com.

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

Regency Centers Issues Annual Corporate Responsibility Report

Lisa Palmer

JACKSONVILLE, FL, June 11, 2020 (GLOBE NEWSWIRE) -- Today, Regency Centers Corporation (“Regency” or the “Company”) (NASDAQ: REG) announced the release of its annual Corporate Responsibility Report.

The report illustrates Regency’s continued commitment to corporate responsibility and key environmental, social, and governance initiatives and achievements.

A copy of the full report can be found on Regency’s Corporate Responsibility site.

“Our commitment to corporate responsibility is rooted in our founding core values,"  said Lisa Palmer, President and Chief Executive Officer.

"These values serve as the guiding principles for how we do business, holding ourselves to a high standard every day, including in today’s uncertain environment.

“Throughout the disruptions resulting from the recent COVID-19 pandemic, Regency has maintained our commitment to doing all that we can to ensure the well-being of our team members, tenants, and the communities that our properties serve.

"Additionally, the recent disturbing events resulting in calls for action have made it very clear that we all must address the issues of social injustice and systemic racism. Regency is committed to being part of a necessary change to make our society more just and equal.”

Laura Clark

About Regency Centers Corporation (NASDAQ: REG)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas.

Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

 Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.

Our operations are subject to a number of risks and uncertainties. When considering an investment in our securities, you should carefully read and consider these risks, together with all other information in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our other filings and submissions to the SEC, which provide much more information and detail on our business.

For more information on the company, please visit RegencyCenters.com.

CONTACT:

Laura Clark
904 598 7831
LauraClark@RegencyCenters.com

 

Chhabria Real Estate Co. Introduces Newly Constructed Luxury Home in Exclusive Rolling Hills, CA Community

Hacienda del Prado,17 Crest Road, East Rolling Hills, CA

ROLLING HILLS, CA -- Chhabria Real Estate Company has a newly constructed luxury home located in Rolling Hills, one of Palos Verdes’ most elite communities. It is listed for $19 million. The home, named Hacienda del Prado, is an extremely rare property because it was built in 2020 and sits on one of the biggest property lots in Rolling Hills at 17 Crest Road East.   Brand new constructions are almost unheard of for Rolling Hills, which was incorporated back in 1957.  Michael Burch   Rolling Hills was developed by A.E. Hanson who also developed Hidden Hills, one of the most elite communities in the country.  Not to mention, Hacienda del Prado features gorgeous views of Catalina, the coastline, and the Pacific Ocean.  The property was designed by husband and wife architects Michael Burch and Diane Wilk. The couple is known for their lavish Spanish style and has designed homes for Bruce Springsteen, John Getty, Rod Stewart, Jim Belushi, John Bailey, and Robert Richardson.  Hacienda del Prado is one of the most expansive ocean view properties to ever be offered on the Palos Verdes Peninsula.  A.E. Hanson  This 8,900 square-foot home sits on 10.28 acres of flat land in Rolling Hills. The five bed and nine bath Spanish revival style home is listed for $18,999,000. The home includes a luxurious 5-stall barn, paddock and riding arena, enormous pool deck with a pergola, tennis court, two large motor courts, 1,000 square foot basement, and much more.       Hacienda del Prado is located in one of the most private and exclusive communities in California. Rolling Hills’ equestrian charm has been maintained through the ample space between homes, absence of traffic lights, and large number of horse trails.  CONTACT:

Dilan Mistry

Creative Director

Chhabria Real Estate Company
E: dilan@nativefour.com
M: 310.529.1828

JLL closes $2.18 milion sale on newly constructed Starbucks prototype building in Chicago Ridge, IL

 

New, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, IL

               

CHICAGO, 11 – JLL Capital Markets announced it has closed the $2.18 million sale of a new, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, Illinois.

JLL marketed the property on behalf of the seller, Glazier Corporation. An undisclosed investor purchased the asset.

The property is occupied by investment-grade tenant Starbucks Corporation (NASDAQ: SBUX), which is the world’s largest coffee house chain and has more than 30,000 locations in 70 countries.

Alex Sharrin

Completed in 2020, the building is a Starbucks prototype with a drive-thru and patio. 

The property is situated on 9.59 acres at 10259 S. Harlem Ave. in Chicago Ridge, which is about 15 miles southwest of downtown Chicago.

The building is at the highly trafficked intersection of South Harlem Avenue and 103rd Street, which makes it visible to more than 53,000 vehicles per day.

 The property is also within a trade area that welcomes 6.9 million visitors annually and a dense trade population of more than 800,000.

The JLL Net Lease Capital Markets team representing the seller was led by Managing Director Alex Sharrin.

“Net-leased assets with drive-thrus leased to strong credit remain attractive in the marketplace,” Sharrin said.

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

 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

jll.com.

 Glazier Corporation .