Largest industrial spec project in more than 15 years moves forward in Tampa, FL

Julia Silva

 

TAMPA, FL – JLL Capital Markets announced it has successfully arranged a joint venture between Scannell Properties and Hoover Development Partners for the redevelopment of a key industrial site located north of the air cargo entrance at the Tampa International Airport. 

Luis Castillo

 The subject property is positioned within one mile of the Air Cargo entrance for Tampa International Airport (TIA) in the Airport Industrial submarket.

The Airport Industrial submarket is one of the tightest industrial submarkets in the Tampa area boasting a 1% vacancy rate.

The newly branded TIA Logistics Center is anticipated to include up to 245,000 square feet of warehouse/distribution space together with commercial outparcels and will be the largest industrial spec project delivered to this submarket in more than 15 years. 

The developers are currently in the permitting and entitlement approval phase and expect to break ground in 2021.

 The JLL Capital Markets team that arranged the joint venture was led by Julia Silva, Luis Castillo and Cody Brais.

Cody Brais

 The JV entity, SP HDP #467 LLC closed on the acquisition of the 20-acre site on November 12, 2020 for $4,800,000.00. Donamae Clinebell, Vice President for Thomas D. Wood & Company, assisted with the land acquisition efforts.

 “Industrial last-mile and e-commerce demand has skyrocketed through the pandemic and the long-term outlook is very bullish on the sector,” Silva commented.

 “We are thrilled to have brought together key industry veterans to create a strategic vision for this significant development site near the Tampa International Airport.”

 JLL’s leasing team of John Dunphy and Peter Cecora have been retained to lease the asset.

 “The Airport submarket is one of the best performing submarkets in the Tampa MSA because of its centralized location and close proximity to Tampa’s International Airport,” said Cecora.

 John Dunphy

 “The majority of current tenants are here on a long-term basis, so supply is limited. Given that, along with the fact that we haven’t seen a new development of this scale in more than 15 years, we anticipate strong demand once construction begins.”

 For more news, videos and research resources on JLL, please visit our newsroom.

 About Scannell Properties

Scannell Properties is a privately owned real estate development and investment company that focuses on build-to-suit and speculative development projects throughout the United States, Canada and Europe.

 In business since 1990, Scannell offers experienced leadership, a history of successful commercial development projects, broad geographic reach and expertise in a wide range of building types.

 Peter Cecora 

 About Hoover Development Partners

Hoover Development Partners is a subsidiary of Legacy Development Partners, a Tampa-based real estate development company founded by veteran real estate developer Ken Morin and attorney Bryan Sykes. 

Utilizing their experience and expertise in developing challenging projects, Legacy Development Partners is positioned to develop multiple commercial projects in the greater Tampa Bay market and continue their legacy of successful developments.

 About JLL

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

Bryan Sykes

 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 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. For further information, please visit jll.com.

 CONTACT:

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services JLL

One Post Office Square

 Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 www.jll.com

 

EverWest Enters Houston Mid-Size Industrial Market with $8.75 Milllion Port Acquisition

Mark Bigarel

 HOUSTON, TX – Denver-based EverWest Real Estate Investors has entered the Houston mid-size industrial market with the $8.75 million purchase of 1301 S. 16^th St., La Porte, Texas – a 109,00-square-foot, Class A warehouse facility in the Port of Houston.

The building is located less than 4 miles from Barbours Cut Terminal and 4.5 miles from the Bayport Container Terminal. It is the last warehouse project built in the area, following an industrial development moratorium by the city of La Porte.

Mark Bigarel, EverWest’s Senior Vice President, Head of Acquisitions, managed the acquisition for EverWest. The property developer and seller, Phelan-Bennett Development, was represented by its Southwest Regional Partner, Justin Bennett.

The 1301 building features 28’ clear height, a 60’ speed bay, 130’ truck court and nine dock doors, with expandable knock-out doors. It is divisible to 40,000 square feet.

 Justin Bennett

“This acquisition reflects EverWest’s ongoing ability to source and complete off-market investments in high-demand locations,” said Bigarel. “It is well positioned to fill port-driven demand from small and mid-size users.”

The deal continues EverWest’s active investment in U.S. industrial assets. In 2020 that strategy included acquisitions in the Seattle, Nashville, Denver, Miami and Southern California metro markets.

The 1301 building is available for immediate occupancy. For leasing information, contact Judd Harrison of Colliers International at (832) 266-5114.

 

 For more information on EverWest, please visit www.everwest.com. 

For more information on GWL Realty Advisors, please visit www.gwlra.com.

 

CONTACT:

Stacey Hershauer

focusAZ 

 P 480.600.0195

www.focusaz.com

Dream Finders Homes Plans 2021 Opening for Meadow Ridge Amenity Center at Silverleaf in North Florida

Meadow Ridge Amenity Center 

ST JOHNS, FL – Residents of Meadow Ridge, an intimate Dream Finders Homes’ neighborhood, soon will have their own amenity center within the sprawling master-planned community of Silverleaf, just off St. Thomas Island Parkway and County Road 210.

When completed early next year, the Meadow Ridge center will feature a zero-entry lap pool, a fenced dog park, a secure playground and a cabana-style clubhouse with a separate gathering room for resident parties and other events, according to Division President Brad Muston.

Brad Muston

“This neighborhood – which is embedded in an 8,500-acre development along the St. Johns Parkway – is a nature-lover’s dream with more than 3,500 acres of conservation land,” he said. “And, with quick access to Interstate 95, it’s only a 25-minute drive to St. Augustine or Jacksonville .”

Muston said currently there are 88 homesites available in the single-family home neighborhood where homebuyers can choose from more than a dozen flexible one- and two-story floor plans ranging from 1,622 to 2,500 square feet of living area.

The three- to four-bedroom, two- to three-bath homes are priced from the low $200,000s.

For more information, please visit www.dreamfindershomes.com or call

 888-214-1164. 

CONTACTS:

Brad Muston, Division President, Dream Finders Homes,

888-214-1164 Brad.Muston@dreamfindershomes.com

Caroline Marchant, Marketing Assistant, Dream Finders Homes, 888-214-1164 Caroline.Marchant@dreamfindershomes.com

Beth Payan, Larry Vershel Communications

407-644-4142 or 407-461-3781; beth@larryvershel.com

 

Stevens-Leinweber expands ground-up vision with veteran industrial superintendent Curtis Holbrook

Curtis Holbrook

 

PHOENIX, AZ – Phoenix-based Stevens-Leinweber Construction (SLC) has hired industry veteran Curtis Holbrook, marking the latest expansion of the company’s rapidly growing ground-up construction division.

 Holbrook brings more than two decades of experience to his new role, where he will oversee key ground-up industrial projects for SLC and contribute to the overall growth of the company’s ground-up division with expertise in healthcare, office, retail and hospitality construction.

 

“Curtis is a well-rounded leader with a proven ability to manage and deliver the highest quality construction experience,” said SLC President and CEO Jamie Godwin.

 

“He is also greatly respected and trusted – attributes that we place a high value on, and that will pave the way for his seamless transition into our job pipeline. We are excited for the new opportunities that Curtis brings for the growth and diversity of our ground-up division.”

                                                 Jamie Godwin

 

Since its inception in 2017, SLC’s ground-up construction division has delivered more than 3.5 million square feet of space, most recently through buildings at PV303 and Tolleson Commerce Park, the new Chandler Corporate Center II office development and tenant improvements for Ball, Boeing, Georgia Pacific, HD Supply, MLILY, MiTek and XPO. This activity complements the company’s market-leading footprint in the office tenant improvement sector.

Montage Deer Valley Resort, Park City, UT

 

Holbrook joins SLC from more than 20 years at Layton Construction Co. Across his career, he has directed a range of landmark projects including the $250 million White Claw manufacturing center in Glendale, Arizona, the new 644,000-square-foot Ferrero USA warehouse project in Goodyear, Arizona, the Mesa Arts Center in Mesa, Arizona, the Las Tiendas Village retail development in Chandler, Arizona, and the luxury Montage Deer Valley resort in Park City, Utah.

 

Holbrook is OSHA 30 certified, a Certified Healthcare Constructor (CHC) with the American Hospital Association and member of the American Society for Healthcare Engineering (ASHE).

 CONTACT:

 

Stacey Hershauer

stacey@focusaz.com

480.600.0195

Growing life science market fuels sale of Rockville, MD buildings

Amanda Davis

WASHINGTON, DC – JLL Capital Markets announced it has completed an equity raise for the acquisition of 5640 Fishers Lane and 12441 Parklawn Drive, two lab buildings totaling 74,500 square feet in Rockville, Maryland.

Jim Meisel 

JLL arranged the joint venture equity partnership between GlenLine Investments and Singerman Real Estate for the acquisition, the first of a programmatic joint venture between the firms focusing on life science opportunities in the Suburban Maryland market.

GlenLine and Singerman intend to implement a significant capital improvement plan to reposition the buildings into Class A lab space, with an anticipated delivery starting in second quarter 2021.

 5640 Fishers Lane and 12441 Parklawn Drive are positioned at the epicenter of the United States’ response to the COVID-19 pandemic, immediately adjacent to the National Institute of Allergies and Infectious Disease (NIAID) headquarters and located within a cluster of public and private sector life science and pharmaceutical institutions.

Andrew Weir

The project has tremendous vehicular and transit connectivity to the greater Washington, D.C. metro area via Interstate 270 and the Capital Beltway and is located one block from the Twinbrook Metro station (Red Line) and numerous walkable amenities.

 Recently vacated by NIAID, who had occupied the properties since delivery and invested significantly in reusable infrastructure, the buildings will be reimagined into state-of-the art, Class A lab buildings well-positioned within the 4^th largest life science market in the US.

 The JLL Capital Markets team was led by Senior Managing Directors Jim Meisel and Andrew Weir, Managing Director Matt Nicholson and Director David Baker.

 JLL Senior Vice President Danny Sheridan and Managing Director Amanda Davis have been retained by GlenLine and Singerman to provide agency leasing advisory services.

Matt Nicholson 

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.

David Baker

 About GlenLine

GlenLine Investments is a privately held real estate investment firm headquartered in Bethesda, Maryland, formed in 2019 by Scott Nudelman and backed by two 3^rd generation Washington real estate family companies (Minkoff Development and Fred Schnider Investment Group).

GlenLine’s primary focus is the acquisition and active asset management of infill industrial, flex, life science and office properties with long-term value and optionality for repositioning or redevelopment. 

The team is currently focused on the Washington/Baltimore metropolitan area, with Atlanta, GA, and Boston, MA as additional target markets.

 Danny Sheridan

 Since inception, GlenLine has acquired over 600,000 square feet across five projects with aggregate redevelopment potential in excess of 1 million square feet. 

 For more information, please email nudelman@glenlineinv.com.

 About Singerman Real Estate

Singerman Real Estate, LLC (“SRE”) is a value-driven real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies.

SRE focuses on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes including industrial, life science, office, hospitality, retail and multifamily, in addition to secondary real estate asset classes.

Scott Nudelman

Since 2010, SRE has sourced and executed, with partners, over $3.2 billion of investments across the major property types, including over $400 million of investments (over 1 million SF) of life science properties.

 For more information, please email: kcarter@singermanre.com.

CONTACT:

Kristen Murphy

Senior Manager

Public Relations

 Investor Services JLL

One Post Office Square

Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 www.jll.com

New York City Real Estate Executive Blames Mayor and Governor for Population Exodus and Business Decline

Evi Angelakis

 

NEW YORK, NY -- Evi Angelakis, founder of New York City-based Golden Key Realty Group, notes the new US Census Bureau report shows more residents escaped from New York over the last year than from any other state.

New York City Mayor William De Blasio 

Angelakis says New York is leading the nation in population decline that it could even result in the loss of two House Seats. 

She says some 126,355 people hightailed it out of the Empire State between July 2019 and July 2020, a dip of 0.65 percent, the preliminary Census figures show.

 In contrast, Florida gained 241,256 people since July 2019, bringing its population to 21.7 million.

Angelakis argues, "We're being negatively impacted here in NYC due to the disastrous policies of Mayor William De Blasio and ultimately also Gov. Andrew Cuomo. 

"Restrictions due to COVID-19 as well as a drop in foot traffic due to un-policed violence in our neighborhoods is causing extreme economic damage to our small businesses and retail buildings." 

New York Gov. Andrew Cuomo 

She says, "Businesses all over are being shut down for the wrong reasons, and we're seeing more surveillance and policing of small business owners than we are of the protests in the streets.  

"They're shutting down businesses while letting crime run rampant in New York City.

"Ultimately, we have seen some stimulation from the PPP loans given out by the government.  However, if it weren't for the uptick in crime, our businesses would likely be back on their feet, but small businesses in Manhattan can't seem to catch a break."

Angelakis is a member of the Real Estate Board of New York and ICSC. She is also a member of REBNY’s Queens Commercial Committee.

Elvis Presley's 'House of Tomorrow' Listed at $2.5 Million

Looking much like our concept of the interior of a flying saucer,  
it was chosen by Look magazine in 1962
as the ‘House of Tomorrow.’  

Photo credit:  Rodeo Realty

Source: www.bdhomes.com

 

                                       Elvis Presley

PALM SPRINGS, CA --When Elvis picked Look magazine’s ‘House of Tomorrow’ for his and Priscilla’s blissful 1967 honeymoon, Elvis was already at his peak of popularity and could afford any honeymoon location in the world, according to TopTenRealEstateDeals.com.

Priscilla Presley  

 

 His favorite was a futuristic house in Palm Springs, which he leased for several years, within commuting distance of Los Angeles and his career movie and recording demands. 

Thomas Andrew "Colonel Tom" Parker

 Still looking much like it did when hosting the happy couple, the ‘House of Tomorrow’ is priced at $2.5 million.

Cyd Charisse

 Recommended to Elvis by his manager, Colonel Tom Parker, near Parker’s own home in Palm Springs, the mid-century-modern abode is an interesting example of the contemporary style for which the city is famous. 

  

William Krisel

Unlike the many boxy-shaped homes of the era, its curvilinear floor plan boosts it up a notch from its competitors.  Looking much like our concept of the interior of a flying saucer back in the day, it was chosen by Look magazine in 1962 as their ‘House of Tomorrow.’  

Peter Lawford

 

Built in 1960 with 5,000 square feet of living space, the house is built on a grade and is cantilevered, offering excellent privacy for the main living areas. 

Jackie Cooper 

 

 The design by modernist-architect William Krisel was built for the owner of the home’s Vistas Las Palmas neighborhood construction company, created out of four circular living areas on three levels with a curved wall of stonework. 

George Hamilton

 

Deceivingly large, the home has five bedrooms and five baths along with a spacious interior in the round, which gives it its space age vibe. 

 

A favorite mid-century feature is the center-of-the-room fireplace with chimney suspended from the ceiling and walls of glass overlooking its 1.16 acres.

 

 Outside are a private garden, tennis court, orchard and a partly shaded terraced swimming pool for lounging and outdoor barbecues.

President John F. Kennedy 

 

The Palm Springs neighborhood of Vistas Las Palmas has been chosen by many celebrities over the years such as the Rat Pack who partied hard at Peter Lawford’s home. 

 

Scott Histed 

 Jackie Cooper and Cyd Charisse lived there as did George Hamilton. President John F. Kennedy was a frequent visitor to his brother-in-law Lawford’s home.

 

Priced at $2.5 million, the property is listed by Scott Histed of Bennion Deville Homes, Rancho Mirage office.

  

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

YouTube: 

 https://www.youtube.com/watch?v=S8WssxrvZK4
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/ 
Source:  TopTenRealEstateDeals.com