Sunday, February 7, 2021

Charlie Muller Named Managing Director of Newly Formed Avistone Hospitality Division

Charlie Muller 

DENVER, CO — Officials of Avistone, a rapidly growing commercial real estate investment firm specializing in the acquisition and operation of multi-tenant, industrial properties nationwide, announced they have named industry expert Charlie Muller managing director of its newly formed hotel division, Avistone Hospitality.  

“With the travel industry facing continued headwinds, a number of owners are opting to divest their properties and portfolios versus riding out the troubled forecast,” said Richard Kent, president, Avistone. 

 “This creates opportunity for investment firms such as our own.  While we historically have focused more on industrial properties and business parks, our core expertise remains real estate investment, including identifying opportunity, capitalizing investments, repositioning properties, improving cash flow and enhancing value at disposition. 

Richard Kent
 

"With Charlie helming this operation, we feel strongly that we are entering the market at the right time with the right person to help us achieve our aggressive growth objectives.”

 Muller brings with him nearly four decades of hospitality expertise in operations, acquisitions, development, asset management and dispositions.

  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


Site Development Underway and Home Builder Named for New Single-family Home Community in Tavares, FL

Jerome Henin
 

TAVARES, FL – Plans for Elmwood, a 115-homesite community off of David Walker Drive in Tavares, are moving along smoothly, according to developer Jerome Henin.

“We’ve selected Ciraco Underground of Belleview to handle the site development and D.R. Horton has been named as the community’s preferred builder,” he said.

Henin, founder and CEO of The Henin Group, purchased the 32-acre parcel in 2020 for $2 million with a vision of providing housing that would appeal to the demographic of homebuyers moving into that area of Lake County .


“We’re confident the 1,800- to 2,200-square-foot homes that D.R. Horton will be offering at Elmwood will be well received by prospective buyers,” Henin said.

Construction of the subdivision started in late December with platting of the community and the development of lots set to begin in July,

Henin said, adding that the three- and four-bedroom models – priced starting in the low $300,000s – should be open in September.

CONTACTS:

Jerome Henin, founder/CEO The Henin Group

407-644-8595 or Jerome@henin-co.com.

Beth Payan, Larry Vershel Communications

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

 

Seefried Properties; Clarion Partners, LLC Break Ground on Logistics Park in Tracy, CA

Jason Quintel
 
Tracy, CA (San Joaquin County) – Seefried Industrial Properties, in a joint venture with Clarion Partners, LLC, have recently broken ground to develop Tracy Logistics Park, a three-building industrial project in East Tracy, CA. 

 Seefried and Clarion originally purchased the 76-acre site back in January of last year for an undisclosed amount.

Mike Goldstein

 Located at the northeast corner of Grant Line and Chrisman road in San Joaquin County, the project will total 1,026,800 million square feet of office and warehouse space in three buildings consisting of 210,000 square feet, 507,800 square feet and 309,000 square feet. 

Together the project will offer tenants the opportunity to occupy space ranging from (20,000) to (500,000) square feet and will appeal to rail-dependent industries and ‘flex-tech’ light industrial tenants. 

  Buildings will feature tilt-up construction, clear heights ranging from 32 to 36 feet, 180-185’ deep truck courts, 236 trailer spaces combined, ESFR sprinkler systems and ample parking.

John Steinbuch

Jason Quintel, Senior Vice President- West Region,states: “We are very excited to start construction on Tracy Logistics Park. This property represents one of the last remaining large development sites in east Tracy, which is at the heart of the Central Valley warehouse and distribution market.

"The design and functionality of this project will bring a diverse tenant mix and provide the community much needed job opportunities.

"We would like to thank the Silva Family, Clarion Partners, Colliers International, and the City of Tracy for their support in making this project a realty.”

 The project is anticipated for completion the fourth quarter of 2021.  HPA has been engaged as the architect; K&W as the civil engineer and Alston Construction as the general contractor.

The Colliers International team of Mike Goldstein and John Steinbuch will lead the leasing and marketing efforts for the new project.


CONTACT:

Barbara Bennett
Marketing Coordinator, Seefried Properties

Atlanta, GA 30339

T:  (770) 702-8207

E:  bbennett@seefriedproperties.com

www.seefriedproperties.com


JLL Capital Markets Handles Sale of 91-Unit Luxury Apartment Complex in Charlotte, NC

 

Andrea Howard

CHARLOTTE, NC – JLL Capital Markets announced it has handled the sale of Centro Railyard, a 2020-vintage, 91-unit luxury multi-housing property with 12,991 square feet of innovative “micro” ground floor retail, in Charlotte, North Carolina’s booming South End submarket.

Allan Lynch

 JLL represented the seller, a partnership between Ascent Real Estate Capital and Centro Cityworks, in completing the sale to the buyer, Collett Capital. The partnership also designed and built the property.

 Centro Railyard is a mixed-use asset compromised of 91 luxury apartments and “micro” ground floor retail, featuring a variety of versatile, omni-channel retailers along the pedestrian-friendly Winnifred Street corridor.

 Apartment units include studio, one- and two-bedroom floorplan options with dazzling white granite countertops, honeycomb backsplashes, oversized windows, 10’ to 18’ ceilings, stainless steel appliances and high-tech capabilities, such as keyless entry and smart locks.

 Community amenities include a sky lounge with remarkable city views and an interior corridor linked to the ground floor retail space. 

 Located at 1425 Winnifred St., Centro Railyard is connected to The Railyard, a mixed-use project consisting of various office and retail tenants. 

Centro Railyard sits at the heart of the vibrant South End neighborhood, where residents can easily walk to a variety of local restaurants, established breweries, and eclectic retailers.

Caylor Mark

Moreover, South End is experiencing an office boom with more than 2.1 million square feet of office space currently under construction in the area, including Lowe’s Technology Headquarters and LendingTree’s Headquarters.

Unsurprisingly, the area is a young professional hotspot, whose residents are well-educated (68% have earned college degrees), high-earning ($86.5k median income) and most likely to rent (80% of homes are rented). 

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

 “Award winning in design, innovative in concept, and coveted in location, Centro Railyard resonated with investors on many levels,” Lynch said.

 “Further showcasing the project’s permanence and growth potential, this unique asset leased up completely in just a few months, all while withstanding the Covid-19 pandemic,” Mark added.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Tom Kolarczyk,

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 Ascent Real Estate Capital

Ascent Capital is an entrepreneurial real estate investment company headquartered in Charlotte, North Carolina.

Its partners are experienced in sourcing, capitalizing, operating and managing real estate investments across all major property types.

John Currin



Ascent leverages over 60 years of commercial real estate experience to generate creative solutions that combine attractive investment opportunities with positive community outcomes.

For more information on the company, please visit: ascentrealestatecapital.com

 About Collett Capital

Based in Charlotte, North Carolina, Collett Capital is a real estate private equity firm with over $280 million in assets under management.

The firm is focused on acquiring well-located, income producing real estate assets with durable cash flows and upside potential. 

Through its real estate funds, the firm acts as a sponsor, operating partner and co-investor alongside its institutional and private capital partners.

 About JLL

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

Jeff Glenn

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, 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:

 Natalie Passarelli

 JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com