Stan Johnson Co. Announces Sale of 1.9 Million SF Industrial Portfolio

 Mollie Alteri

 

ATLANTA, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a portfolio of industrial logistics properties located across four strategic supply chain markets.

 Together, the properties total approximately 1.9 million square feet and are leased to a diverse mix of public and private, industry-leading tenants.

Maggie Holmes

 

 Stan Johnson Company’s Mollie Alteri, Joey Odom, Mike Sladich, Maggie Holmes and Michael Watson represented the seller, an institutional advisor based in New York.

 An institutional investor based in Dallas, Texas, acquired the portfolio. The price and cap rate were undisclosed.

 Joey Odom

“The industrial sector features a unique ability to serve today’s rapidly changing environment, and investor appetite for net lease oriented industrial assets continues to be at an all-time high,” said Alteri, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.

 

Mike Sladich

“Both transaction teams performed exceptionally well despite overall market volatility, and we were pleased to see the transaction come to a close.”

 The entire portfolio encompasses 141 acres, and the buildings range in age, with the newest facility constructed in 2005 and two other properties being renovated in 2020. The four-building portfolio includes the following assets:

 ·        2001 Commerce Parkway, Franklin, Indiana

·        524 North Sara Road, Yukon, Oklahoma

·        65 Corporate Woods Drive, Bridgeton, Missouri

·        6878 Kelly Avenue, Morrow, Georgia

 About Stan Johnson Company:

                 Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties.

Michael Watson

 The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States.

 With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients.

 The firm has completed more than $35 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.

  To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.

 CONTACT:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

 

Stan Johnson Co. Represents 1031 Exchange Buyer in $2 Million Acquisition of New York Healthcare Asset

 New York Healthcare Asset Sold at 3 Emma Lane, Clifton Park, NY

 

Asher Wenig

CLIFTON PARK, NY -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant healthcare property in Clifton Park, New York.

  The 4,969-square-foot building is located at 3 Emma Lane and is fully leased to Rezolut Imaging.

 Stan Johnson Company’s Asher Wenig, with assistance from Ryan Bogle and Greg Macchia, represented the buyer, a private high net worth family from New Jersey.

  Etal Associates LLC acquired the asset in a 1031 exchange for $2.0 million. The seller, CPIRE LLC, was based in New York City, New York, and the property traded at a 6.97 percent cap rate.

 “The healthcare sector continues to attract exchange buyers, and our clients were no exception,” said Wenig, Senior Director and Partner in Stan Johnson Company’s New York office.

Ryan Bogle

 “They were attracted to the business, healthy yield, annual escalations and resistance to e-commerce. 

"The outlook for the single-tenant net lease medical sector remains positive, and the sector’s resistance to e-commerce will continue to spur investor activity.”

 Approximately 15 miles north of Albany, New York, the property sits on 1.19 acres within a medical park near Interstate 87. 

The single-story imaging center was originally built in 2006 and was fully renovated in 2019.

Greg Macchia

 “During negotiations, we were successful in amending the double net lease to make it a triple net lease,” Wenig added. “This attractive investment currently has over 13 years remaining on the lease with 2.0 percent annual escalations.”

 CONTACT:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

www.stanjohnsonco.com.

Stan Johnson Co. announces $700,000 sale of Main Street retail shops in Duluth, GA

3131 Main Street shops, Duluth, GA.

 

DULUTH, GA --Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of 3131 Main Street in Duluth, Georgia.

The two-tenant retail property was fully leased to vomFass, a gourmet food store, and Red Hound Gifts, a boutique retailer.

The property was marketed by Jeff Enck and Emery Shane of Shane Investment Property Group prior to being acquired by Stan Johnson Company.

The 3,120-square-foot commercial asset was purchased by a local Atlanta-based buyer for $700,000. The cap rate was not disclosed.

“Despite the short-term leases, we were able to procure multiple offers on the property, and we closed at about 98 percent of the asking price,” said Enck, Associate Director, now with Stan Johnson Company in its Alpharetta, Georgia office.

 “This represents the final piece of approximately $8.0 million worth of retail that we’ve helped our developer client sell, and the buyer was able to acquire an excellent long-term asset to complete their 1031 exchange.”

Emery Shane

The retail shops, originally built in 1910, are located in the heart of an award-winning, one-of-a-kind, experiential boutique shopping destination in downtown Duluth, Georgia, a northeast suburb of Atlanta. 

The area boasts strong demographics and is an established gathering hub for nearby residents.

CONTACT:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

 www.stanjohnsonco.com.

Dream Finders Homes Now Selling in DeBary’s Rivington Community with Pre-Model Pricing

Dream Finders Homes' Anna Maria model priced from the high $200s at Rivington in DeBary, FL

 DEBARY, FL – Dream Finders Homes has made a half-a-dozen sales at pre-model pricing and started construction in Rivington, a traditional 296-acre master-planned community along the St. Johns River in DeBary.   

The Jacksonville-based national homebuilder is building 42 single-family homes from its Signature Series at Rivington on 50-foot lots, according to Gerry Boeneman, President of Dream Finders Homes’ Central Florida division.

Gerry Boeneman

 “Our six innovative one- and two-story plans at Rivington – with three and four-bedrooms and up to three-and-a-half baths – will give homebuyers between 1,856 and 2,843 square feet of living space,” he said.

Dream Finders Homes at Rivington are priced from the high $200s, Boeneman said, adding that the Anna Maria with Bonus model should be finished, decorated and open for viewing by early January.

Rivington – which features a resort-style pool, cabana, playground, clubhouse and numerous green spaces – sits along Konomac Lake and is adjacent to the St. Johns River just west of U.S. Highway 17-92. It offers easy access to Lake Mary and Sanford employment centers and is only one-quarter mile from the DeBary SunRail station.

For leisure activities, Rivington is a quick drive to Gemini Springs State Park , River City Nature Park and the Central Florida Zoo & Botanical Gardens.

          Aerial of Dream Finders Homes location, St.Johns County, FL

“I believe many prospective buyers will find both our homes and this community the answers to their home buying needs,” he said. “With the numerous designer upgrades in our Signature Series and the floor plan variety, as well as the beautiful location of Rivington, this should be the perfect place for many dream homes.”

For more information about homes at Rivington, please call 888-214-1164.

 CONTACTS:

Gerry Boeneman, division president, Dream Finders Homes,

888-214-1164 or Gerry.Boeneman@dreamfindershomes.com

Beth Payan, Larry Vershel Communications, 407-644-4142, 407-461-3781 or beth@larryvershel.com

 

Arbor Announces the Appointment of Malvina Iannone as EVP, General Counsel

 Malvina Iannone

 

UNIONDALE, NY, Dec/ 8, 2020 – Arbor Realty Trust, Inc. (NYSE:ABR) a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce the appointment of Malvina Iannone, Executive Vice President, General Counsel.

Ms. Iannone is responsible for all of Arbor’s corporate legal activities, including providing appropriate legal support on all corporate matters, M&A and related transactions, capital market activity, treasury functions, human resources, marketing, information technology, litigation and all other regulatory issues.

 John J. Bishar

She assumes the role from John Bishar, who will now serve as Senior Counsel for a transitional period of time, while continuing as Arbor’s Corporate Secretary for the Board of Directors.

“Malvina comes to Arbor with vast experience in governance and securities, commercial transactions, capital markets, regulatory matters, cybersecurity, privacy, employment law and litigation oversight,”  said Ivan Kaufman, founder, chairman and CEO of Arbor Realty Trust, Inc. “We look forward to the many contributions she is certain to make during her tenure at Arbor Realty Trust."

 Ivan Kaufman

 Prior to joining Arbor, Ms. Iannone most recently served as Executive Counsel, Global Legal Shares Services with General Electric Company (GE). Before that, she practiced M&A and securities law at White & Case, LLP.

 Ms. Iannone holds both a Juris Doctor and Bachelor of Arts in Political Science from New York University.

 CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

 

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

arbor.com

 

Heitman Achieves 5-Star Fund Ranking in 2020 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment

Laura Craft

  

 Chicago, IL – Heitman LLC (Heitman), a global real estate investment management firm,  announced that the Heitman North American Core Open-end Fund (Fund) has achieved a 5-star ranking in the 2020 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Assessment.

 

In addition, the Fund maintains its status as the top rated fund within the benchmark’s global Resilience module.

Blaise P. Keane

 

“We are committed to ESG transparency and improved environmental performance within our portfolio, which is evidenced in our continuous improvement in the GRESB rankings,” said Blaise P. Keane, Heitman Executive Vice President and Senior Portfolio Manager for the Heitman North American Core Open-end Fund.

 

“As we move forward, we will look for ways to improve our ESG capabilities across the portfolio in order to continue to meet or exceed our clients’ real estate investment objectives.”

 

 "This year’s results take on special meaning for us as we recently announced our 2030 goal of global net zero carbon operations [within the firm’s private equity portfolio],” said Laura Craft, Heitman Senior Vice President and Head of Global ESG Strategy.

 

 “Benchmarking our global assets and improving our portfolio’s environmental footprint will allow us to achieve our goal of net zero carbon operations.”

 Dan Winters

 

“Heitman’s commitment to ESG improvement and performance is supported in both its annual submission of its ESG data, and its North American Core Open-Ended Fund’s significant progression up the rankings over the past several years,” said Dan Winters, Head of Americas at GRESB. “It’s leaders like Heitman that help raise the bar and move the industry forward.”  

 

 

CONTACT:

 Bailey Doyle

On Behalf of Heitman

Email: bailey.doyle@fleishman.com       

Phone: 815-582-9780

 GRESB.com. 

 

Orbis Real Estate Partners Closes Landmark Industrial Deals in Inland Empire Market

Barbara Perrier

 

 NEWPORT BEACH, CA, Dec. 8, 2020 — Orbis Real Estate Partners today announced the sale of two landmark industrial projects within its investment/development portfolio, representing a total of 88.5 acres and approximately $140 million of prime land in the Inland Empire. 

 

Bill Heim of Lee & Associates, along with Barbara Perrier, Eric Cox and Darla Longo of CBRE, represented Orbis Real Estate Partners in both transactions. 

Darla Longo 

 The larger transaction, The Homestead, comprises 47 acres which Orbis fully designed and entitled in Eastvale, one of the most supply-constrained submarkets in the Inland Empire’s sought-after western region.

 

The Orbis team leveraged its proven expertise, robust network and strong reputation to redevelop the existing dairy into a first-class logistics park 

Bill Heim

“The Homestead transaction represents one of the largest industrial land deals in the region ,” said Tom Money, founding partner of Orbis Real Estate Partners.

 

 “The market value of this disposition is a reflection of the value-enhancing entitlements secured by Orbis and the continuing appeal of this market for e-commerce logistics and distribution.” 

 

Dermody Properties, a Reno, Nevada-based developer of industrial real estate, purchased The Homestead and will develop the six Class-A industrial warehouse buildings (totaling 1.05 million square feet) that Orbis Real Estate Partners designed, entitled and delivered ready for construction. 

 

“This is an ideal location for the rapidly expanding e-commerce distribution and logistics sector, with strong regional transportation links and proximity to a large population base to fulfill critical last mile delivery requirements,” says Grant Ross, Orbis Real Estate Partners founding partner.

Eric Cox

“Orbis has developed and/or entitled more than 200 acres of land in the area over the past four years, and we design for what e-commerce companies need — not just today, but with an eye to the future.” 

 

Future tenants will benefit from Orbis Real Estate Partners’ forward-thinking design, which will include six brand-new Class-A buildings ranging in size from 48,315 square feet to 501,649 square feet and offer state-of-the-art features including:

 

Concrete tilt-up construction, 40’ minimum clearance heights on the larger buildings, large secured truck courts, ample parking with excess approved trailer stalls, and excellent dock-high and grade-level loading for each building.

 

In addition to the historic sale in Eastvale, the Orbis team also recently sold the Riverside Logistics Center in Riverside County, which encompasses 41.5 acres and 938,685 square feet of premium industrial real estate.

Grant Ross

Strategically located in a hotspot for Fortune 500 tenants and institutional investors, the Center has direct access to I-215 and proximity to other major highways. Denver, Colorado-based Black Creek Group — a leading real estate investment management firm — acquired the asset, which Orbis delivered designed, entitled and permit-ready. 

 

“Orbis has been very successful in entitling large and complicated land sites in the Inland Empire, says Eric Cox, CBRE Senior Associate, Institutional Properties + Capital Markets. 

“We just completed two separate, fully entitled land sales with Dermody and Black Creek Group that highlight Orbis’ expertise and ability to carry complex deals across the finish line.”

 

 CONTACT:

 Carrie Freitas

Kitchen Table Marketing + PR

949.433.6735

Carrie@kitchentablepr.com

www.kitchentablepr.com

pronouns: she | her | hers 

New magazine at www.tableauofficial.com

 www.orbisrep.com.