1,692-unit self-storage portfolio trades in Kansas City

SurePoint Self Storage consists of two new facilities totaling
1,692 units in suburban Kansas City, KS

Steve Mellon

HOUSTON, TX– JLL Capital Markets announced it has closed the sale of a self-storage portfolio consisting of two new facilities totaling 1,692 units in suburban Kansas City, Kansas.

JLL marketed the properties on behalf of the seller, SurePoint Self Storage. StorageMart purchased the facilities.

The portfolio comprises the 908-unit facility at 12020 Glenwood St. in Overland Park and the 784-unit facility at 15282 W 134th Pl. in Olathe. 

Both properties were recently completed 2020 and built with modern design and market-leading, Class A features. 

They include electronic access control, 24-hour video surveillance, climate-controlled and drive-up units, elevator access to upper floors and a retail-oriented customer service office that sells packing and shipping supplies. 

Brian Somoza

Both suburban Kansas City properties have excellent exposure to high traffic commercial roadways and a surrounding population that exceeds 85,000 residents within a three-mile radius of each property.

The JLL Capital Markets team was led by Managing Directors Steve Mellon and Brian Somoza along with Senior Associate Henry Weiler and Vice President Adam Fischer. 

“These two self-storage properties are in small municipalities with a tightly controlled development approval process for new self-storage development, which means there will be limited competition entering the market,”  Mellon said. 

“The properties are institutional-quality assets in locations near several major traffic draws.”

 Henry Weiler 

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 our newsroom.

About SurePoint Self Storage

Robert Loeb, Brian Cisarik and Jeff Bailey are the principals of SurePoint Self Storage. Cisarik and Loeb started developing storage together in 2000. 

Adam Fischer

In 2012 Jeff Bailey, who has been active in self-storage since 1994, joined the team to help expand the SurePoint footprint. 

Since 2014, the SurePoint team has developed three properties in San Antonio, five in Houston (with a sixth currently under construction) and these two Kansas City properties, all state-of-the-art, multi-story Class A+ properties. 

Currently SurePoint operates five facilities in San Antonio and three in the Houston market. 

Find out more at surepointselfstorage.com.

  CONTACT:

 Kimberly Steele

JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

storage-mart.com.

jll.com.

Nadel Architecture + Planning Completes Transition to Next-Generation Leadership

  

Greg Lyon

LOS ANGELES, CA, July 13, 2020 –  Nadel Architecture + Planning, Los Angeles’ premier architecture and design firm, has completed its ownership transition to position the company for long-term growth.

Greg Lyon and Patrick Winters, veteran principals of the firm, will continue plans to move Nadel forward as its next generation of leadership.

“Nadel has a 47-year history as a leading architectural and design firm the commercial real estate industry knows and trusts,” says Lyon, chairman of the board and principal for Nadel.

Patrick Winters

 “This transition has been something that we have been working towards over the last several years and now it is complete. We are thrilled to be able to perpetuate the legacy of our iconic L.A. firm and grow it by expanding our efforts in Southern California – one of the most exciting places on the planet to be doing this kind of work.”

In its new era, Nadel will deepen its existing industry relationships and seek out new opportunities within its main areas of expertise: the retail, mixed-use, multifamily and hospitality design sectors, says Lyon, who has been with the firm since 2008 and became its chairman of the board in 2017.

Tina Tayag

Going forward, Lyon will continue to strategically drive business growth and create a strong market presence and brand equity for Nadel. An owner of the firm since 2013, he will lead Nadel’s retail sector business development efforts as the company prepares for a new post-COVID-19 normal.

“Retail design is constantly reinventing itself as the sector adapts to market forces. COVID-19 is the latest disruptor that challenges the sector, and our firm looks forward to being at the forefront of this retail evolution,” says Lyon, who has 25 years of industry experience.

Greg Palaski

“Having authored and developed many of the strategies through which Nadel has positioned itself as a trendsetter and leader within the marketplace, I am excited to take the company to the next level in the months and years ahead.”

Winters, who joined Nadel in 2007 and has been a principal of the firm and a member of its board of directors since 2013, has been appointed president.

Winters will continue to lead the firm’s design efforts for the mixed-use, multifamily and hospitality projects with a major focus on market responsiveness.

“This transition demonstrates Nadel’s longevity as well as its ability to change and grow,” Winters says. “We are here and will remain here for our existing and new clients.

 Mark Mikelson

"We are continuing to evolve our expertise as a market-based, client-focused firm, and we look forward to building upon the past to take advantage of new opportunities within our core competency.”

In addition to Lyon and Winters, Nadel’s board of directors includes Tina Tayag, chief financial officer; Greg Palaski, general manager; and Mark Mikelson, principal and Las Vegas Retail Studio Director.

 Herb Nadel

As part of this final phase to new ownership, Herb Nadel, the company’s founder, will now be in a business development role for the firm, explains Lyon.

 “This ownership transition was important to Herb to continue on the legacy he created, and the fact that Herb is staying on in this founder and business development capacity, demonstrates his incredible dedication and enthusiasm about the future of this company.”

 CONTACTS: 

Alex Caswell / Lexi Astfalk

Brower Group
(949) 438-6262

acaswell@brower-group.com

 www.nadelarc.com.

Cornerstone Design Hosts Residence Inn Scottsdale Salt River Virtual Hotel Tour

Suzie Hall

SCOTTSDALE, AZ, July 13, 2020—Officials of Cornerstone Design, an award-winning interior design firm focused on the hospitality, commercial, high-end residential, multi-family and mixed-use markets, hosted a one-of-its kind virtual hotel tour of the 111-room Residence Inn Scottsdale Salt River.

“As everyone continues to chart ‘the new normal,’ we decided it was important to share some of the unique aspects of the first Residence Inn -branded hotel built on U.S. tribal lands in a safe and secure way for interested parties,” said Suzie Hall, president and principal designer, Cornerstone Design. 

Alix Silver

 Hall adds, “We wanted everyone from members of the local community to potential guests to fellow owners and operators to experience what sets this hotel apart from the ‘standard’ Residence Inn product. 

" It was important to us, however, that we did so in a way that respects the very real concerns people have of the ongoing pandemic.”

“Suzie and her team went the extra mile to get to know us as individuals to better inform her design proposals from the beginning, and the final results speak for themselves,” said Alix Silver, acting CEO, Salt River Devco.

Residence Inn Scottsdale Salt River

 “This Residence Inn is a hotel that will instill pride in the community, as well as entice business and leisure travelers who want something beyond the ‘standard’ brand experience.”

For those interested in viewing the recorded event, please visit https://www.youtube.com/watch?v=alTJlGNYKR8.

 CONTACT: 

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

Proper Title, LLC, Hires Industry Veteran Dick Bales As Senior Underwriting Consultant And Counsel

 

Richard (Dick) Bales

                                                                                          

CHICAGO, July 13, 2020 – Proper Title, LLC, the Palatine, Ill.-based title insurance agency serving the residential and commercial real estate industries, today announced it has hired Richard (Dick) Bales as senior underwriting consultant and counsel.

 A long-time authority on title insurance, Bales will provide counsel to attorneys, examiners and closers to help ensure smooth closings as the firm rapidly expands.

“Dick Bales is basically the godfather of title,” said Kathy Kwak, executive vice president of operations and counsel for Proper Title.

“Everyone knows him and reads his materials. Dick’s expertise will help strengthen our attorney-agent client relationships, especially as we grow our business into new Chicago suburban markets.

Kathy Kwak

"Internally, he will be a tremendous resource as we hold learning sessions where Dick will address our staff on a variety of title topics. Title examiners will also be able to tap into his storehouse of knowledge.”

Bales joins Proper Title after just three months in retirement. He had recently completed a 31-year career at Chicago Title Insurance Company where he had risen to be the firm’s assistant regional counsel.

 In addition, he had recently been a guest lecturer throughout the state on all aspects of title insurance as a member of the education committee of the Illinois Land Title Association.

 He has also written numerous articles for the Chicago Bar Association, the DuPage County Bar Association and the Illinois State Bar Association.

 CONTACTS: 

Paula Widholm, pwidholm@taylorjohnson.com, (312) 267-4525

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

propertitle.com.