Velocis acquires first multi-housing asset, Beverley, in Charlotte, NC

 Andrea Howard

CHARLOTTE, NC – JLL Capital Markets announced it has closed the sale of Beverley, a 201-unit, five-story elevatored multi-housing property located in Charlotte, North Carolina. 

 

Allan Lynch

JLL represented the seller, Proffitt Dixon, in completing the sale to the buyer, Velocis. This marks the first multi-housing acquisition by Velocis.  

Built in 2020, Beverley consist of one- and two-bedroom floorplan options with luxury wood plank style flooring, designer kitchen packages, granite countertops, stainless steel appliances, oversized windows, spacious balconies and patios, among other high-end features.

 

Community amenities also compliment the apartments’ luxury in-unit finishes including a resort-style saltwater pool and spa; deluxe clubhouse; rooftop deck with a private club exclusive to residents; fitness center with Peloton bikes and a yoga studio; and an outdoor grilling area with fire pits.

 

John Curin

Beverley is centrally located within Charlotte’s premier suburban submarket, Ballantyne. Boasting blue chip employment, top area schools, upscale dining and shopping options, and proximity to SouthPark, South End and Uptown via I-485, residents experience the perfect balance of luxury and practicality.

 

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

“Beverley represents the highest level of Class-AA apartment living in the Charlotte suburbs, coupled with an exceptional location in the heart of Ballantyne,” said Howard.

 

 “As evidenced by outstanding leasing momentum since opening, Proffitt Dixon crafted an immaculate community that perfectly caters to the area’s renter-by-choice cohort and will be an excellent first asset for the new Velocis multi-housing venture.”

 

Jeff Glenn

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 Proffitt Dixon

 

Proffitt Dixon Partners is a multifamily and self-storage investment and development firm with a focus on Class-A apartment communities. 

Caylor Mark

 The firm is active in the Carolinas, Georgia and Tennessee and has closed transactions valued at more than $1 Billion since 2008.

  

About Velocis

 

Velocis is a private equity real estate investment firm, active in the acquisition, operation/management and disposition of commercial real estate in the United States. Additional information about Velocis can be found at velocis.com.

 

Contact: 

 

Natalie Passarelli

 JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

 jll.com.

 

Seefried Industrial Properties Hires New Vice President of Development

Brian Novak

 CHICAGO, IL - Seefried Industrial Properties is proud to announce the hiring of Brian Novak as Vice President of Development, effective January 4, 2021.        

Based out of Seefried’s Chicago office, Mr. Novak is charged with oversight of development, land acquisitions, and project management of build-to-suit and speculative industrial projects throughout the Midwest.       

Mr. Novak joins Seefried with a strong history of strategic project management and critical problem-solving experience in addition to robust knowledge of the construction and commercial real estate business.

 Mr. Novak has 30+ years of experience in the industry and most recently served as Vice President at Northern Builders, Inc. where he was responsible for many aspects of development and construction from inception through project close-out including due diligence for land acquisition, all facets of pre-construction, and construction coordination. 

 “Brian has a proven track record of executing complex development projects while meeting budget and managing decisions in critical project milestones,” said Dave Riefe, Senior Vice President of Seefried’s Midwest region. 

Dave Riefe

 “We are excited to have Brian join our team and know his experience and expertise will ensure the success of future projects as we continue to grow our development portfolio throughout the region.”

 Mr. Novak earned a BS in Architectural and Building Construction Engineering Technology from Milwaukee School of Engineering.

  

  CONTACT:

 Barbara Bennett

Marketing Coordinator  

 Seefried Industrial Properties

3333 Riverwood Parkway SE |

 Suite 200Atlanta, GA 30339T: 

 (770) 702-8207E: 

 bbennett@seefriedproperties.com

Marshall Hotels & Resorts Announces Completion of Multi-Million-Dollar Renovation of 298-Room DoubleTree by Hilton Washington, D.C. North/Gaithersburg; Lesly Connolly Named Director of Sales & Marketing

 Lesly Connolly

 

 Gaithersburg, MD —Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide announced the completion of a full, multi-million-dollar renovation of the 298-room DoubleTree by Hilton Washington, D.C. North/Gaithersburg. 

 Marshall also announced that Lesly Connolly has been named director of sales & marketing.  In her new role, she will be responsible for reintroducing the hotel to travelers and area residents alike.

 “With the completion of this top-to-bottom renovation, the DoubleTree by Hilton Washington, D.C. North/Gaithersburg immediately becomes the ‘newest’ hotel with the latest amenities and safety protocols available,” said Mike Marshall, president and CEO, Marshall Hotels & Resorts. 

Mike Marshall

 “While the property has been an active and proud member of the community for years, this complete refurbishment has taken this from ‘your grandfather’s hotel’ to the freshest upscale hotel product in the market. 

 "The hotel underwent a complete transformation, focusing on public spaces, guest rooms, amenities, meeting space and exterior improvements. 

 

"We look forward to serving the community for years more to come as we provide superior guest service and the world-famous DoubleTree chocolate chip cookie to discerning business and leisure travelers to the D.C.-Metro area.”

 Situated at 620 Perry Parkway, the 12-story hotel is just a short drive or train ride from Washington, D.C. and is convenient to most cities in Maryland, including Rockville, Bethesda, Germantown and Frederick. 

  CONTACT:

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com