New Regional Office Joins LOFTS At The District in North Scottsdale, AZ

 

Holly Ellis

SCOTTSDALE, AZ– Leasing experts in the Phoenix office of JLL have completed a new anchor tenant lease at LOFTS at the District, a recently completed project by George Oliver and Vancouver-based Kootenay Holdings that brings move-in-ready, Class A loft-style boutique office space to North Scottsdale.

Theresa Root

Serving as an anchor tenant, Solidifi Title & Closing will take 12,664 square feet at the project for a new-to-market regional office. The commitment brings LOFTS at the District to approximately 65 percent leased just months after its delivery to the market.

Ryan Timpani 

 JLL Managing Director Ryan Timpani and Senior Associate Nick Bialkowski represented George Oliver in the lease negotiations. Holly Ellis of West USA represented Solidifi.

 “The new tenants at LOFTS are all there for similar advantages – a very high-end demographic and a mixed-use office product that has on-site retail and office suites with some of the best finishes in the Valley,” said Timpani.

“Tenants certainly appreciate these attributes when deciding where to plant their flag in the greater Phoenix market.”

 At LOFTS at the District, George Oliver converted an existing but underutilized, high-end commercial development into five upscale office suites ranging from 2,000 to 10,000 square feet.

Nick Bialkowski

The suites feature dramatic window lines and panoramic mountain views achieved with a mix of 12-foot ceilings and 20-foot vaulted peaks.

All suites were completed move-in-ready, with high-end finishes and modern interiors as reflected in the LOFTS virtual tour.

 The project is located at 15551 N. Greenway Hayden Loop, in the heart of North Scottsdale and the Scottsdale Airpark, just east of the popular Scottsdale Quarter open-air retail center.

 “The finishes and move-in-ready build out that George Oliver provided made LOFTS at the District a clear frontrunner for us,” said Solidifi Vice President Theresa Root.

LOFTS@District 1

 “Everyone was exceptional throughout this process, helping us to safely tour this space and execute a lease mid-quarantine so that we could continue to grow our business based on strong market demand.”

LOFTS@District 2

New York-based Solidifi is one of the nation’s largest providers of residential real estate appraisals and a leading independent provider of title and settlement services. It operates two valuation offices and ten title offices located across the U.S.

LOFTS@District 3

 “LOFTS at the District was a great opportunity to bring a unique piece of real estate to life through the use of timeless design and strategic programming,” said George Oliver Founder and Managing Partner Curt Kremer.  “We’re excited to announce Solidifi as our newest tenant and look forward to leasing the remaining spaces.”

LOFTS@District 4

Lofts at The District is surrounded by millions of square feet of retail, restaurant and multifamily development including its own ground-floor retail space and nearby projects like The Promenade, Kierland Commons and Scottsdale Quarter.

Curt Kremer

 It sits at the center of a highly educated labor pool, drawing employees from Scottsdale and neighboring cities.

 Remaining available space at the project includes two move-in ready suites at 7,706 and 2,899 square feet, respectively. 

Timpani and Bialkowski serve as the project’s exclusive leasing brokers. RSG Builders is the general contractor.

About George Oliver

George Oliver LLC is a locally-based commercial real estate company that operates on the cutting edge of workspace environments.

Contact:

 Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

www.georgeoliver.com.

MetroGroup Realty Finance Secures $26.5 Million in Financing for Three Industrial Properties in Southern California

 

Ivan Kustic

 NEWPORT BEACH, CA – MetroGroup Realty Finance, a private commercial mortgage banking firm based in Newport Beach, California, recently arranged a total of $26.5 million in financing on behalf of the respective owners of three industrial properties in Southern California. 

  All three loans were originated and closed during the Covid-19 pandemic.

 These refinancing transactions were strategically secured through demonstrating the strong long-term positioning of these properties, in order to lock-in historically low interest rates and competitive terms, according to Ivan Kustic, Vice President at MetroGroup.

 “Despite uncertainty driven by the year’s events, the capital markets are relatively stable and healthier than originally anticipated at the beginning of the pandemic,” says Kustic.

Industrial complex, Vernon, CA

“While lenders have certainly become more conservative in their underwriting and evaluate opportunities with increased scrutiny, they are still highly active”

 Kustic adds that MetroGroup leveraged its trusted relationships with a wide network of lenders to provide the requested terms with three distinct sources of capital structured to meet the specific needs of the clients.

 “We were able to effectively communicate these properties past performance, desirability and position in their respective markets. Through these uncertain times, we provided attractive loans on behalf of the borrowers,” Kustic explains.

 Contacts:

 Katie Haga/Lexi Astfalk

Brower Group

(949) 438-6262

khaga@brower-group.com

www.metrogroupfinance.com.

 

Portland-area office park in Beaverton, OR sold for $130 million to JV partnership of DRA Advisors and Prescott Partners

Logan Greer

 PORTLAND, OR – JLL Capital Markets announced it has closed the $130 million sale of Nimbus Corporate Center, a 16-building, close-in flex office park totaling 691,036 square feet in the suburban Portland community of Beaverton, Oregon.

Buzz Ellis

 JLL marketed the property on behalf of the seller, Shorenstein. A partnership between a fund controlled by DRA Advisors LCC and Prescott Partners purchased the park.

 Situated on 47.5 acres at 8910-9775 SW Gemini Dr. and 9203-9790 SW Nimbus Ave., Nimbus Corporate Center is in an amenity-rich, transit-oriented location adjacent to Washington Square Mall, Oregon’s highest-grossing mall, and visible from Highway 217.

 The office park is proximate to several transit centers, including the Hall/Nimbus WES Station, and is approximately six miles from Portland’s central business district.

 

Nimbus Corporate Center is situated on 47.5 acres
 at 8910-9775 SW Gemini Drive and 9203-9790 SW Nimbus Avenue
in the Portland, OR suburb of Beaverton

 Completed between 1984 and 1991, Nimbus Corporate Center is leased to various tenants in the manufacturing, technology, professional services, telecommunications, financial services, insurance and government sectors.

 Michel Seifer

 The property features adaptable spaces that meet the needs of a variety of users, individual building exclusivity, visibility and drive-up identity, tall clear heights and an abundance of parking.

 The JLL Capital Markets team representing the seller was led by Managing Director Buzz Ellis, Senior Managing Director Michel Seifer, Senior Director Logan Greer, Director Adam Taylor and Associate Kaden Eichmeier.

 “DRA and Prescott’s acquisition of Nimbus Corporate Center further solidifies the strength of the suburban office market in the greater Portland area,” Ellis said.

 “The market is demonstrating increased demand for suburban, flex office product as more millennials look to move to the suburbs along with tenants continuing to refine their real estate strategy during COVID-19.”

 

Adam Taylor 

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 sales, 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.

 

Contact:

 Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com. 

Prescott Partners

draadvisors.com.

Shorenstein Properties LLC 

 

Carlos Ponce’s Talent Hub Agency to Open New Miami Headquarters at Merrick Manor

Carlos Ponce.

 CORAL GABLES, FL– Merrick Manor, the luxury mixed-use building in Coral Gables, announces the sale of a retail condominium on the ground floor to a talent agency co-owned by Puerto Rican actor, singer, songwriter, composer and television personality Carlos Ponce.

Talent Hub Agency is set to establish its new Miami headquarters at Merrick Manor following the acquisition.

ONE Sotheby’s International Realty Global Commercial Director Manny Chamizo III is the exclusive sales representative for Merrick Manor’s 20,000 square feet of prime commercial space. Chamizo arranged the sale of the Class A retail condominium to Talent Hub.

Financial terms were not disclosed.

Manny Chamizo III 

A full-service boutique firm, Talent Hub represents an eclectic roster of influencers and celebrities. Its members include elite and emerging actors, TV personalities, chefs, influencers, journalists and producers.

“With interest rates low, prospective commercial tenants are realizing they can buy their own spaces at prices on par with market rents and take advantage of appreciation while building equity,” Chamizo said.

“Talent Hub’s purchase at Merrick Manor underscores how this building offers an unparalleled opportunity to buy Class A commercial product within a brand-new luxury mixed-use building just steps away from the world-class Shops at Merrick Park.”

Henry Torres

Developed by the Henry Torres-led Astor Companies, Merrick Manor’s commercial roster also includes Anaïs Nails & Spa, Body Details, Elegance Beauty Salon, Sweat 440 and Trésor. The Coral Gables Police Department recently opened its first substation on the ground floor of the building.

“We are thrilled to welcome Talent Hub to the Merrick Manor family,” Torres said. “The firm is a fantastic addition to our exciting mix of retailers and businesses at Merrick Manor.”

For additional commercial and retail opportunities available at Merrick Manor, contact Chamizo at (305) 666-0562 or email Flacommercial@gmail.com.

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative at Merrick Manor.

For information about Merrick Manor’s residences, please visit www.merrick-manor.com or call the Merrick Manor Sales Gallery at (305) 779-6870.

  For more information, visit the project Sales Gallery at 301 Altara Ave., Suite 119, call (305) 779-6870 or email info@merrick-manor.com.

Facebook: https://www.facebook.com/MerrickManor/

 

 Contact:

Eric Kalis

Vice President

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123