Scottsdale development site sold for $6.65 million

Jim Riggs

PHOENIX, June 22, 2020 – JLL Capital Markets announced today that it has closed the $6.65 million sale of 16640 North Scottsdale Road., a nearly two-acre site purchased primarily for land value that currently houses a 15,000-square-foot retail center at the coveted intersection at Frank Lloyd Wright and Scottsdale Road in Scottsdale, Arizona.

 JLL marketed the property on behalf of the seller, Amiel Properties, LLC. A joint venture lead by Jim Riggs, who partnered with Keith Mishkin 

(Cambridge Properties) and Angelo Giudice (Magna Legacy), purchased the asset.

Brian Ackerman

 Riggs is a 25-year Scottsdale real estate commercial developer and nine-time NAIOP award winner who specializes in infill mixed-use projects.

Situated on 1.885 acres, 16640 North Scottsdale Rd. is at an infill location on the southwest corner of the intersection at Scottsdale Road and Bell Road/Frank Lloyd Wright Boulevard in the northern part of Scottsdale, an affluent Phoenix suburb that has the highest median housing price of any of the large Valley cities.

 The property is surrounded by trophy office buildings, resorts and other world-renowned amenities, including the Tournament Players Club (TPC) golf course, which is the home of the Phoenix Waste Management Open. The buyer is still finalizing future plans for the site. 

 “We are close to announcing our plan for a truly Iconic project complimenting the adjacent Frank Lloyd Wright Spire,” said Riggs, who NAIOP named Developer of the Year three times. “Expect a mixed-use plan with a large residential component."

Keith Mishkin 

 The JLL Capital Markets team was led by Managing Director Brian Ackerman.

“This location is one of a handful of true trophy locations in metropolitan Phoenix, and the opportunities are plentiful for redevelopment,” Ackerman said.

 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.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Angelo Giudice

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

 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, Inc.

CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

JLL arranges capital for Fort Worth, TX apartment project

 Stillwater Crystal Springs, a 386-unit, Class A+ apartment community in Fort Worth, TX

DALLAS, TX, June 23, 2020 – JLL Capital Markets announced today that it has arranged equity and financing for the development of Stillwater Crystal Springs, a 386-unit, Class A+ apartment community in Fort Worth, Texas.

De’On Collins.

 The JLL team worked on behalf of Stillwater Capital (“Stillwater”) to arrange an equity investment from CrossHarbor Capital Partners.

 In addition, the team also assisted Stillwater by placing a 40-month, floating-rate construction loan that was provided by Texas Capital Bank.

 Stillwater Crystal Springs will be situated on an approximately 7.5-acre site at 5336 White Settlement Rd. along the Trinity River in Fort Worth’s River District, which is approximately three miles west of downtown.

Due for completion in 2022, the project has broken ground and will consist of studio, one- and two-bedroom units totaling 308,250 square feet.

Planned community amenities include an elevated amenity deck, resort-style pool, courtyard with outdoor lounge area and fire pit, expansive coworking space, dog park, bike storage, fitness center, controlled building access and garage parking.

 Clay Roby

The JLL Capital Markets team representing the borrower was led by Senior Director De’On Collins.

“We are excited to bring a high-quality project to the River District area of Fort Worth,” said Stillwater Partner Clay Roby. “The unique topography of the site provides an opportunity for elevated amenity decks and incredible views.

"With direct access to the Trinity Trail, the project will also address increasing demand for developments that promote density and walkability in a thoughtful and community-focused way.”

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, Inc.

CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

 Stillwater Capital 

CrossHarbor  

Ackerman Medical Completes 14,210 SF Lease with Piedmont Healthcare in Newnan, GA

 Brett Buchwald

    ATLANTA, GA, June 23, 2020 – Ackerman Medical, the healthcare real estate group of Ackerman & Co., has completed a 14,210-square-foot lease at 20 Francis Way, a three-story Class A medical office building in Newnan, Ga.

 Brett Buchwald, Vice President of Healthcare Investment Sales for Ackerman Medical, represented ownership in the lease with Piedmont Healthcare.

 The lease includes space for three Piedmont Healthcare practices – Piedmont Rehabilitation Center, Piedmont Sleep Center and Piedmont Cancer Institute. 

“This lease accommodates the space needs of these healthcare providers in a strategic location between two major hospitals, Piedmont Newnan and Piedmont Fayette,” Buchwald said.

 “At a time when the coronavirus crisis has led some medical tenants to reevaluate their space needs, this lease is a strong indication of the viability of these practices and this particular location.”

Piedmont Healthcare
 20 Francis Way, Newnan, GA

 Located directly off Highway 24 between Newnan and Peachtree City, 20 Francis Way is strategically positioned to meet the area’s healthcare needs.

 Now considered a healthcare hub for metro Atlanta, the city of Newnan’s major healthcare facilities also include the Cancer Treatment Centers of America’s Comprehensive Care and Research Center.

 Built in 2008, 20 Francis Way is a 30,000-square-foot facility with 127 parking spaces. Piedmont Healthcare, which occupies the entire medical building, is a leading health system with 11 hospitals, 27 urgent care centers and 34 Piedmont QuickCare locations.

 CONTACT:

 Steve Webb
 swebb@ACKERMANCO.NET 
 www.ackermanco.com

Hold-Thyssen Completes Sale of Former Alarm Company Property in Altamonte Springs, FL

Martin Forster 

ALTAMONTE SPRINGS, FL --- Hold-Thyssen, Inc., a full-service commercial property firm in Winter Park , recently closed on the sale of an office property at 702 and 720 Maitland Ave. in Altamonte Springs   

   

 Two adjoining former homes built in 1967 totaling over 2,915 useable square feet on .43-acres was formerly the long-time site of an alarm installation and monitoring company, housing their offices and storage.  

Seller Hercules Management Corp. had the property on the market for several years before accepting a $340,000 purchase price from the investor-buyer who plans to operate the administrative offices of its business at the property.   

  Hold-Thyssen’s Martin Forster CCIM listed the property and represented both the buyer and the seller as a transactional broker.    The new business is expected to be in operation in approximately 60 days once roof replacement and renovations are completed.

Hold-Thyssen, Inc. provides commercial property brokerage, leasing, management and receivership services to institutional and private investor clients nationwide. 

 The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States .

CONTACTS:

           

Martin Forster, CCIM, Broker-Associate Hold-Thyssen Inc.

 321-299-4164, mforster@HoldThyssen.com 

Robert P. Hold, Principal, Hold-Thyssen, Inc.

407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc.

 407-644-4142 Beth@larryvershel.com.

Alliant National Announces Mary Berner as Assistant Vice-President, Southeast Florida Agency Manager

LONGMONT, CO --- Alliant National Title Insurance Company announces new hire Mary Berner as Assistant Vice-President, Southeast Florida Agency Manager, effective immediately.

Mary Berner 

Berner brings more than 30 years of title insurance knowledge and leadership experience to Alliant National. 

Alliant National measures its success through the empowerment of people and protecting property owners with the finest title insurance, while helping independent title agents flourish and expand their competitive positions in the marketplace. 

Berner's duties include developing relationships with agents and helping to increase Alliant National’s footprint in the Florida market. 

"I am thrilled to join such an amazing group of professionals," says Berner. "I look forward to bringing my experiences and relationships to such a welcoming environment that empowers independent agents and supports their success." 

Debra J. Coffie

“Mary’s vast industry experience and knowledge make her a valuable addition to our Florida team,” says Debra J. Coffie, Senior Vice President, Florida Regional Manager. 

“She is among the best in Florida at developing long lasting relationships and helping independent agents thrive. Alliant National welcomes Berner and looks forward to utilizing her deep understanding of the title industry, which she developed over the past three decades.

 She has held the position of AVP, Agency Manager in West Palm Beach, Fla., cementing her reputation as one of the most respected leaders in the title industry.

“We are honored to bring Mary Berner into the Alliant National family,” says Coffie.

Alliant National was founded in 2005 by a group of seasoned title insurance professionals, business leaders and entrepreneurs. It began as a regional underwriter operating in Colorado with a few key agents and first year revenues of $131,000. 

Today, Alliant covers five regions, with its corporate headquarters in Longmont, Colo., and a second office in Oviedo, Fla., where claims are processed.


About Alliant National Title Insurance Company

The Independent Underwriter for The Independent Agent® - Alliant National believes in empowering people to thrive. The company protects the dreams of property owners with secure title insurance and partners with 500+ trusted independent title agents as a licensed underwriter in 25 states and the District of Columbia, with annual revenues exceeding $126 million.

Contact:

Cathie Beck

303.241.0805

cathie@capitalcitypr.com

 alliantnational.com