Cadence at Crown apartments in Gaithersburg, MD acquired by JRK Property Holdings

Cadence at Crown multi-housing property located at 113 Ellington Boulevard in Gaithersburg, MD.

WASHINGTON, DC –-  JLL Capital Markets announced it has closed the sale of the 538-unit Cadence at Crown multi-housing property located at 113 Ellington Blvd. in Gaithersburg, Maryland.

 JLL represented the seller and completed the sale to the buyer, JRK Property Holdings. 

Walter Coker

 The property consists of studio, one-, two- and three-bedroom apartments averaging 863 square feet.

Unit amenities include stainless steel appliances, quartz countertops, sleek finishes, and oversized windows. The asset was also built to LEED standards with energy-efficient appliances, water-saving fixtures and overall sustainability in mind.

 Community amenities include a resort-style pool and sun deck with canopies, 24-hour fitness center, Internet café, conference room, gaming lounge, contemporary library, font-desk concierge, pet spa, bike racks, electronic vehicle charging stations and more.

 Cadence at Crown is positioned in the I-270 Biotechnology Corridor, a 15-mile stretch of leading scientific and research organizations and also located near the I-270 Technology Corridor, which is home to prominent technology companies such as the National Institutes of Health and National Institutes if Standards and Technology.

 The JLL Capital Markets team representing the seller was Managing Directors Walter Coker and Brian Crivella and Director Robert Jenkins.

Brian Crivella

JLL 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 JLL

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

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 nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Robert Jenkins

For further information, please visit jll.com.

 CONTACT:

Natalie Passarelli

JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email: Natalie.Passarelli@am.jll.com

 

Stadium Village student housing property in Minneapolis bought for $25 million

Theodora (Teddy) Leatherman

MINNEAPOLIS, MN, Oct. 5, 2020 – JLL Capital Markets announced today that it completed the $25 million property sale for the Stadium Village Apartments student housing property located at 1015 Essex St., S.E. in Minneapolis, just steps away from the University of Minnesota.

Stewart Hayes 

 JLL represented the undisclosed seller to complete the property sale to the buyer. The redevelopment opportunity is perfectly positioned on a 1.32-acre site, originally constructed in 1960.

 Stadium Village contains 121 apartments, totaling 75,000 square feet, with floorplans that include studios, one-, and two-bedroom units for students.

 For the last decade, student housing has retained steady occupancy rates of 95-100%, with a recent surge in demand for more student-centric communities. 

 Riley McChesney

Stadium Village offers the ultimate student experience, centrally positioned with walkability to campus and the university’s sports venues, more than 75 bars, restaurants and retailers, and multiple rail and bus stops for easy access to Downtown Minneapolis.

 Josh Talberg,

 JLL’s Capital Markets team representing the seller was led by Director Stewart Hayes and Senior Director Josh Talberg, along with Senior Directors Dan Linnell and Mox Gunderson, Director Scott Clifton and Teddy Leatherman and Associate Riley McChesney. 

 A leader in the sector, JLL has closed over $12.6 billion in student housing transactions since 2011.

 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.

 Dan Linnell 

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 JLL

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

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.

 Mox Gunderson

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 Scott Clifton

For further information, please visit jll.com.

 CONTACT:

Natalie Passarelli

JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email: Natalie.Passarelli@am.jll.com

 

Easton & Associates Arranges Four Industrial Leases Totaling 60,000 Square Feet in September

Edward W. Easton

Doral, FL – Easton & Associates, the brokerage division of The Easton Group, recently completed three recent lease deals in Miami-Dade County.

Jim Armstrong

 All Pharma LLC signed a new lease for 18,196 square feet at 14240 Palmetto Frontage Road, Miami Lakes. Easton’s Jim Armstrong and Mike Waite represented the landlord, Seagis Palmetto 14240 LLC.  Danny Cook of Cook Commercial Realty, Inc. represented the tenant.

 Bluegate Inc. leased 18,500 square feet of warehouse space at 1175 NW 159^th Drive, Miami Gardens. Easton’s Armstrong and Waite represented the landlord, 1175 NW 159th DR LLC.  

 Designers Tops Inc. leased 11,425 square feet at 4725 NW 36^th Avenue in Miami.  Brandon Careaga represented the landlord, Victoria’s Armoire Inc. 

 Atlantic Rack and Shelving Inc. signed a lease extension for 11,500 square feet at 5205 NW 161 Street in Miami Gardens.  Easton’s Armstrong and Waite represented the landlord, Seagis PLIP LLC.

 Mike Waite 

 “With COVID-19 restrictions becoming more reasonable and realistic, South Florida businesses are starting to pick up where they left off which is causing the industrial leasing market to pick up steam,” said Waite.

 “I only expect it to get stronger over the next couple of months as we head into the busy winter season.”

 About The Easton Group:

Edward W. Easton is founder and chairman of The Easton Group, a family-owned, boutique commercial real estate firm with over 45 years of experience and an exceptional track record.

The group is broken down into four business units consisting of commercial real estate investment, development, brokerage, and property management. 

 Brandon Careaga

 The Easton Group is headquartered at International Corporate Park in Doral, Florida.

  

 CONTACT:

Todd Templin

Executive Vice President

BoardroomPR

ttemplin@boardroompr.com

O 954-370-8999

C 954-290-0810

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www.theeastongroup.com.