Saturday, July 18, 2020

Group P6 Announces $3.2 Million Digital Sale at Royal Palm Residences in Downtown Boca Raton, FL

  
Rendering of planned Royal Palm Residences
 Downtown Boca Raton, FL

BOCA RATON, FL- - Group P6, a leading developer in South Florida, has announced the sale of a $3.2 million residence at Royal Palm Residences, a luxury condominium with only 48 residences situated in the heart of downtown Boca Raton.

The sale was done 100% digitally. Royal Palm’s sales executive completed the sale after an initial FaceTime showing with the buyer, followed by additional virtual meetings to review details and finalized with a contract that was fully executed online.

The luxurious residence 501 is 3,715 square feet of indoor living space with an additional 1,081 square feet of terraces that offer prime waterfront views. It has four bedrooms plus a den and four and a half bathrooms with a private elevator and two designated parking spots.

Ignacio Diaz
“We were already close to 40% sold before the pandemic started and now buyers from the Northeast are ready for a less crowded and congested lifestyle,” said Ignacio Diaz, Managing Partner at Group P6.

“Our sales office is busier than ever, and we are seeing that buyers are not shying away from virtual showings and digital sales.”

Located on a prime site at the corner of Fifth Avenue and East Royal Palm Road, where the city meets the sea, this modern work of art will provide stunning panoramic views of the Boca Raton Resort & Club, the turquoise waters of the Atlantic Ocean and a planned, six-acre, multi-million dollar waterfront park that will sit just outside the buildings’ front lobby.

Boca Raton Resort & Club
The nine-story, 48-residence condominium is expected to be delivered in 2022.

Royal Palm Residences will offer three to five-bedroom residences – including six penthouses - ranging from 2,425 to 7,168 square feet. Prices for these boutique residences will start at $1.9 million. 

For added privacy and comfort the development has dual-entry private elevator access directly into the unit.

                                            Atlantic Ocean
Each residence will have 270 degrees of natural light, European kitchens and top of the line appliances, including Wolf gas barbecues built into large outdoor terraces.

Amenities include two assigned, secured, underground parking spaces; an expansive wellness plaza, featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room with European kitchen and bar for entertaining. The building will also feature a 24-hour doorman and private underground storage.

For more information about Royal Palm Residences or to schedule a private showing at the project, call (561) 948-4051 or visit https://www.rpresidences.com/.

CONTACT:

Lauren Berger
Account Director, BoardroomPR
O 954-370-8999
C 954-551-0757

HSA Commercial and Clarion Partners Finalize 381,874-Square-Foot Lease with Kenco Logistics in Shorewood, IL


Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, IL,
near the I-55 and I-80 interchange.
 

Robert E. (Bob) Smietana
CHICAGO, IL — Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC  jointly announced the firms have signed a 381,874-square-foot, long-term lease with Kenco Logistics Services at the Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, Ill., near the I-55 and I-80 interchange. 

Chattanooga, Tenn.-based Kenco Logistics, one of the largest privately held third-party logistics firms in the country, will take occupancy of the facility in December once interior improvements are completed.

The transaction is one of the largest industrial leases signed in the Chicago market since the start of the COVID-19 pandemic.

Now fully leased, the Heartland Corporate Center was developed by HSA Commercial Real Estate in partnership with Clarion Partners on a 46-acre land site.

Tim Thompson
 The distribution center features 36-foot clear heights, 108 truck docks and 240 parking spaces for employees and visitors.

“Despite the headwinds in the economy as a result of the pandemic, industrial leasing activity has remained really strong for well-located distribution centers as businesses and consumers have come to expect same-day or expedited delivery for everything they order – now more than ever,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate.

 “We are thrilled but not surprised at the speed of the lease-up at Heartland Corporate Center because its strategic location at the interchange of I-80 and I-55 was pitch-perfect in terms of satisfying expectations for today’s consumers.”


David Bercu
The lease with Kenco Logistics is the second executed at the Shorewood property. In November 2019, ownership announced a 375,000-square-foot lease with Des Plaines, Ill.-based DSC Logistics.

Tim Thompson, executive vice president of HSA Commercial, spearheaded the development on behalf of the firm.

David Bercu and Matthew Stauber of Colliers International represented ownership in the Kenco Logistics lease, while Sean Henrick of Cushman & Wakefield represented the tenant.


Matthew Stauber
 About HSA Commercial Real Estate:

Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and healthcare real estate leasing, management, marketing, development and financing on a national basis. 

Along with developing and acquiring more than 100 million square feet of commercial real estate across the United States, with a total consideration in excess of $6 billion, 

HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 14 million square feet in locations across the nation; and owns more than 13 million square feet of commercial property throughout the country.


Sean Henrick 
About Clarion Partners:

Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. 

Headquartered in New York, the firm has offices in Boston, Dallas, London, Los Angeles and Washington, DC. 


With more than $51 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors.



CONTACTS: 

Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528