Thursday, December 17, 2020

Ware Malcomb Announces Completion of TruStile Headquarters in Denver, CO

 

Matt Chaiken

DENVER, CO – Ware Malcomb, an award-winning international design firm, announced construction is complete on the new headquarters of TruStile located at 1111 E 71st Avenue in Denver. Ware Malcomb provided architecture, interior design, and civil engineering services for the project.

“TruStile previously operated out of 4 buildings in north Denver," said Matt Chaiken, Principal of Ware Malcomb’s Denver Office.

"This new headquarters brings all of TruStile’s operations together under one roof, doubling their square footage and giving them plenty of room for future growth."

Chris Strawn, Principal, Civil Engineering, added: “Working closely with TruStile we created a unique design - from the civil engineering to the architecture and interior design - which reflects their commitment to innovation and technological advancement, and supports long-term success."


Chris Strawn

 The General Contractor for the project was Ryan Companies, Inc.

Founded in 1995, TruStile is an industry leader and innovator in interior doors. 

The company’s new 310,000 square foot headquarters is comprised of approximately 50,000 square feet of office space and 260,000 square feet of manufacturing/production space with a large outdoor amenity deck.

 Every door throughout the facility showcases a different model designed and manufactured by TruStile, creating a walking showroom of the brand.

All glazing, both interior and exterior, was designed and manufactured by TruStile’s parent company, Marvin Windows & Doors.



CONTACTS:

Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

Rachel@kcomm.com 

 Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

 For more information, please visit http://www.waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.

 waremalcomb.com

Oasis-inspired NOVEL Research Park apartments sold for $69.5 million in Charlotte, NC

 

Andrea Howard

CHARLOTTE, NC – JLL Capital Markets announced it has closed the $69.5 million sale of the luxury, garden-style NOVEL Research Park, by Crescent Communities, a multi-housing community within University Research Park in Charlotte, North Carolina.

 JLL marketed the property on behalf of the seller, Crescent Communities. RK Properties purchased the property.

Allan Lynch

 Developed by the seller in 2019 in a joint venture with Phoenix Capital Holdings, LTD, the community sits on 19.3 acres and totals 271,600 square feet and consist of one-, two- and three-bedroom units.

The apartments are also equipped with fenced-in pet yards, quartz countertops, eat-in kitchen islands, LED ceiling lighting, double sink vanities and various unit finish options.

Community amenities include a hammock garden, grilling station, outdoor shuffleboard court, saltwater pool, poolside bar, fitness center featuring top-of-the-line equipment such as a Peloton bike, oversized pet park and coworking booths and micro-offices.

 Charlotte’s vibrant University Research Park submarket is home to 23 Fortune 500 company offices and are home to more than 75,000 employees.

The area continues to soar as a burgeoning employment hub, and to keep up with the growing population, various local expansion projects are in the works including the Light Rail expansion project to increase accessibility from UNC Charlotte to South End and everywhere in between, and over $215 million in other infrastructure and construction projects underway.


Caylor Mark


 In addition, Charlotte is consistently recognized as a top place to live and work and for its vibrant entertainment and dining scenes.

 The JLL Capital Markets team representing the seller was led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin and Jeff Glenn.

 "Investors continue to target the best in suburban apartments, particularly those of Crescent's high-quality caliber and proximate to job centers like Research Park and Centene's future East Coast Headquarters," said Mark.

 “It was a privilege to work on behalf of Crescent Communities, whose clear vision and leading site selection prowess ultimately led to robust investor interest,” added Lynch.

“On that note, Crescent demonstrated prescient thinking once again with its three University-area developments already underway when Centene announced plans for an East Coast headquarters, bringing 6,000+ employees to the neighborhood.”

 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 advisory, debt placement, equity placement or a recapitalization.

John Currin 

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 Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. 

We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. 

Since 1963, our development portfolio has included more than 59 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. 

Headquartered in Charlotte, Crescent Communities has regional offices in Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL by Crescent Communities.

 Jeff Glenn

 About RK Properties

Rance King Properties Inc. has specialized in multifamily property investments since 1976. It is a national company with current and previously owned properties acquired throughout the United States. 

RK Properties has served over 7,000 investors in the last 43 years since inception. 

Its current portfolio has a current market value of just under $1 billion. The skills and experience of RK professionals have combined to produce a consistent, successful record of performance in apartment investing.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 CONTACT:

Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

 us.jll.com/investorservices

crescentcommunities.com.

jll.com.

rkprop.com 

 

Marcus & Millichap Brokers $2.6 Million sale of DaVita Dialysis Building in Tavares, FL

DaVita Dialysis Building, 1971 Salk Avenue, Tavares, FL

Joe Powers

 TAVARES, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of DaVita Dialysis, an 8,300 square foot net-leased property located at 1971 Salk Avenue in Tavares, FL, according to Joe Powers, regional manager of the firm’s Chicago Downtown office, and Ryan Nee, regional manager of the firm’s Fort Lauderdale office and Broker of Record for the State of Florida .

 The asset sold for $2,600,075.

   The buyer, a private investor, was secured and represented by Mitchell Kiven, an investment specialist in Marcus & Millichap’s Chicago Downtown office.

Ryan Nee

 After conducting a market rent analysis of the submarket, Mitchell determined that the DaVita property was an ideal fit for his client, due to the rent structure, as well as the fact that this is a relocation clinic scheduled to open in the next month.

  These factors, combined with DaVita credit, made this opportunity an ideal fit for the buyer, and a sought-after opportunity for the market writ large. There were multiple offers and the transaction closed at full asking price.

Mitchell Kiven

CONTACTS:

Joe Powers

Regional Manager,

Chicago Downtown

(312) 327-5400

 

Daniella Aragon

Marketing Coordinator/ Certified Agent Support Specialist

5201 Blue Lagoon Drive, Suite 100, Miami, FL 33126

O: (786) 522-7122

C: (786) 454-0094

E: Daniella.Aragon@marcusmillichap.com

NYSE: MMI


Dallas-area light industrial building trades hands

 

 Erin Lazarus

DALLAS,TX – JLL Capital Markets announced it has closed the sale of an 83,140-square-foot, multi-tenant, value-add light industrial building at 1501 N. Plano Rd. in the northern Dallas suburb of Richardson, Texas.

 JLL worked on behalf of the seller, Prattco Creekway Industrial (PCI). Berkeley Partners purchased the asset.

 Stephen Bailey

 The one-story building was completed in 1984 and features four loading docks, two drive-in doors, nearly 40 percent office finish and ample parking. 

The property is home to a mix of nationally and locally based companies with an average remaining lease term of slightly less than four years

 Located in Richardson, the property is within the epicenter of the Richardson Industrial submarket, Dallas’ largest and most active suburban submarket.

 Properties in this submarket benefit from a strong user demand for light industrial space and minimal vacancy. 

The building is at the intersection of Plano Road and E. Collins Boulevard with frontage and direct access to major Dallas arterials, including State Highway 75, President George Bush Turnpike and Interstate 635.

 The JLL Capital Markets Investment Advisory team representing the seller was led Senior Director Stephen Bailey, Director Zane Marcell and Analysts Zach Riebe and Erin Lazarus.

 Zane Marcell 

 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 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 Prattco Creekway Industrial

Prattco Creekway Industrial (PCI) was launched in 2016 to acquire and manage Class A-, B and well-located C light industrial buildings in Texas and surrounding Sunbelt States. 

Zach Riebe 

                                                  About Berkeley Partners

Founded in 2005, Berkeley Partners has formed a series of funds focused on the light industrial sector. 

 About JLL

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

JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

Daum Commercial Helps Local Business Expand with Acquisition of New Headquarters Location in Glendale, AZ

New headquarters of Bumble Bee Plumbing at 7600 N. 71st Avenue, Glendale, AZ

 GLENDALE, AZ – DAUM Commercial Real Estate Services has recently directed the acquisition of a 13,483 square-foot industrial property in the greater Phoenix submarket of Glendale, Arizona on behalf of the buyer, Bumble Bee Plumbing.

Carter Wilson


The asset will serve as the buyer’s new headquarters location, according to Carter Wilson, Associate at DAUM Commercial, who completed the transaction alongside DAUM Executive Vice President David Wilson.

“As a leading commercial and residential plumbing repair and maintenance company, Bumble Bee has experienced consistent growth and was weighing the options of both leasing and owning a new headquarters building,” says Carter.

 “We were able to identify a well-located asset in the Glendale submarket, which provides easy access throughout the Phoenix area, at the right price point. 

"Due to the favorable financing of today’s market, Bumble Bee ultimately felt it was the right time to purchase this property.”

David Wilson


According to Michael Krpata, owner of Bumble Bee plumbing, this asset will give the company the opportunity to continue to expand and train new recruits: 

“With the current health concerns surrounding the pandemic, the public has seen just how important essential services are and that trade work, such as plumbing, is a great career choice.”

The property was purchased for $1.525 million.

CONTACTS:

Katie Haga / Elisabeth Manville  
Brower Group  
(949) 438-6262 
khaga@brower-group.com 

 

www.daumcommercial.com.