Horvath & Tremblay Continues U.S. Expansion and Growth, Opening New Office in Miami, FL

Kirk Felici 

BOSTON, MA -- Horvath & Tremblay, one of the most active and successful Investment Real Estate Brokerage firms in the U.S., opened its new Miami office on January 4, 2021 as part of an overall growth initiative.

 The new office will enable the firm to better serve investors looking to place capital or sell property in the Florida marketplace.

 The Miami office, focused on Multi-Family/Mixed-Use, Multi-Tenant Retail, and Single Tenant Net Lease property sales, will be led by Managing Director, Kirk Felici, who has more than 20 years of commercial real estate experience.

  “The decision to expand our reach into the Florida market comes on the heels of a highly successful 2020 and is strategic for Horvath & Tremblay’s growth,” said Bob Horvath, Executive Vice President of Horvath & Tremblay.

Bob Horvath

 “We couldn’t be more excited to have Kirk Felici leading this important effort. 

"He’s been a top-producing leader for many years, and his knowledge and experience in the Florida market will be the key to our continued growth in this state.” 

 “Horvath & Tremblay delivers exceptional client services with precision execution while providing unparalleled support to their agents,” said Felici. 

“I’m delighted to join this industry-leading company and capitalize on all the advantages the firm brings to the Florida market.” 

 Horvath & Tremblay has consistently been honored as one of the “Top 10 Commercial Real Estate Workplaces in the United States”. The new office will be another premier location for the company offering many amenities and conveniences for its staff, agents, and clients.

 Horvath & Tremblay is headquartered in Boston, MA and has eight locations. The Miami office is located at 3050 Biscayne Blvd. Miami, FL 33137, and is one of two new locations the firm opened in January 2021.

  CONTACT:

Kirk Felici

email | kfelici@horvathtremblay.com

 Managing Director

Horvath & Tremblay

phone | (305) 907-6721

HorvathTremblay.com

Nadel Architecture + Planning Completes Phase 4 Expansion of 481,000-SF Showcase Mall in Las Vegas, NV

Showcase Mall, 3767 South Las Vegas Boulevard, Las Vegas, NV

LAS VEGAS, NV –  Nadel Architecture + Planning, Las Vegas office announces the completion of its expansion to the Showcase Mall, a 481,400 square-foot retail and entertainment destination owned by Gindi Capital and located on the world famous Las Vegas Strip.

 The 155,000 square-foot, three-story Phase 4 expansion, which opened in May after a slight delay due to the pandemic, includes the addition of a 50,000 square-foot Burlington store and a 20,000 square-foot Target.

 Gindi Capital is planning to add a rooftop bar and restaurant 75 feet above street level, offering views of the Strip.

Greg Lyon

The project represents the potential for a strong retail recovery on the Las Vegas Strip – an area whose economy is largely dependent on tourism – once the COVID-19 pandemic subsides, according to Greg Lyon, chairman and principal for Nadel.

 “As a leading L.A.-based architectural and design firm for the last 47 years, Nadel has witnessed several real estate and economic cycles impact the Western U.S.,” says Lyon.

 “We have seen the renaissance of the retail sector, in particular, time and again as it has faced down numerous challenges.

Mark Mikelson

 "While the COVID-19 pandemic has had an unprecedented impact on all of commercial real estate, we anticipate a robust rebound beginning in 2021 as a safe and viable vaccine becomes widely available and consumers feel comfortable about returning to shopping centers once more.

 "The completion of this project is testament to stakeholders’ confidence in the potential of the Las Vegas market and the retail sector as we emerge from this health and financial and crisis.”

 Nadel’s design of the fourth phase of Showcase Mall, a center that was originally constructed in 1996 and has experienced several additions over the years, is distinguishable for several reasons including the construction of a basement level and escalators to access the Burlington store on that level, elevators that lead to a unique lobby for each tenant, and an all-glass front façade, according to Mark Mikelson, principal with Nadel and lead architect on the expansion project.

 “It is particularly unusual on the West Coast to see a retailer occupying basement spaces, which affords this new space extra appeal for shoppers and visitors on the Strip,” says Mikelson.

  CONTACTS:

Alex Caswell / Lexi Astfalk

Brower Group
(949) 438-6262

acaswell@brower-group.com

 

www.nadelarc.com.

www.nadelarc.com.

$33.56 million refinancing secured for retail center renovation in Saugus, MA

  

Amy Lousararian

BOSTON, MA, Feb. 8, 2021 – JLL Capital Markets announced it has arranged a $33.56 million refinancing for Saugus Plaza Shopping Center, a 208,500-square-foot retail center in the inner Boston suburb of Saugus, Massachusetts.

JLL worked on behalf of the borrower, Finard Properties, to place the fixed-rate loan with HarborOne Bank as agent and Salem Five as co-lender. Loan proceeds will be used to build out the grocery space for a national credit grocery to open at the center in 2022.

Brett Paulsrud

 Under the long-term stewardship of Finard Properties, Saugus Plaza Shopping Center has demonstrated exceptional historical performance and will add the new grocer to an already diverse mix of national and local tenants, including Petco, Kohl’s, Carter’s, Dr. Dental, Title Boxing and Work-N-Gear.

Situated on 16 acres at 325-357 Broadway (Route 1) in Saugus, the center is in a core location 10 miles from downtown Boston. The Route 1 corridor, which is the primary commuter thoroughfare and a popular shopping destination for Boston’s northern residents, is known for its iconic restaurants and variety of retail options.

Chris Angelone

 The JLL Capital Markets Debt Placement team representing the borrower was led by Executive Managing Director John Fowler, Senior Managing Director Chris Angelone, Managing Director Brett Paulsrud and Associate Amy Lousararian.

 “While the pandemic has created significant challenges in the retail market, it is important to note that the availability of capital remains intact for well-located, anchored retail,” Paulsrud said. “The strength of the Finard sponsorship, historic performance of the center and diverse mix of tenants generated strong interest from the lending community.” 

John Fowler

 

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.

 CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

 

Orlando apartments sold; $46.2 million of acquisition financing secured

 Jennifer Swanson 

ORLANDO, FL – JLL Capital Markets announced it has arranged the sale and $46.2 million acquisition financing of Grandewood Pointe, a garden-style apartment property located in Orlando, Florida.

Tarik Bateh

JLL represented the seller, Bluerock Real Estate, in arranging the sale to the buyer, a joint venture led by Lloyd Jones.

 JLL also arranged the 10-year, fixed-rate loan through Fannie Mae’s Green Rewards Program. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender. 

 

Grandewood Pointe, formerly known as Arium Grandewood, consists of 306 one-, two- and three-bedroom units. 

The new owner plans renovations to the building’s exterior, community amenities and units, including new countertops, vanities and lighting.

 

 Current community amenities include a courtyard, barbecue and picnic area, playground and business center.

Drew Jennewein

Located at 3701 Grandewood Blvd., right off the tranquil, lakeside setting of Central Florida Parkway, Grandewood Pointe is proximate to Orlando’s largest employment hubs, including Lockheed Martin and Lake Nona’s Medical City, and a short 20-minute drive to Downtown Orlando.

 

The JLL Capital Markets team representing the seller was led by Managing Directors Jay Ballard and Ken DelVillar.

 

The team representing the borrower was led by Senior Managing Director Elliott Throne, Director Jesse Wright, Senior Director Tarik Bateh, and Associates Jennifer Swanson and Drew Jennewein.

Jesse Wright

“This was a true core-plus value add opportunity given that only 15 of the 306 units had been updated and the remaining units all being in original condition,” said DelVillar.

 

“Agency rates remain incredibly competitive in this market, especially given a Class A property and the experienced sponsorship of Lloyd Jones,” continues Wright.

 

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.

 

 The division employs approximately 400 professionals who provide comprehensive investment sales advisory and disposition services with access to thousands of domestic and foreign investors.

 

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.  

Jay Ballard 

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.

 

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

Ken DelVillar

About JLL

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

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, visit jll.com.

          Elliott Throne

  CONTACT:

Natalie Passarelli

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com