Stan Johnson Co. Arranges Sale of Two-Building, Multi-Tenant Industrial Facility Anchored by FedExpress

Colin Couch

 STRATFORD, CT -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of 480-500 Lordship Boulevard in Stratford, Connecticut.

 The industrial distribution facility spans two buildings, totals 60,353 square feet, and is leased to four tenants. Stan Johnson Company’s Colin Couch represented the seller, The Marsilio Group.

The asset was purchased by a private 1031 exchange investor from New York who was represented by Dave Richard of Colliers. The facility traded for approximately $6.1 million, reflecting a 6.83 percent cap rate.

“We were able to generate multiple offers and facilitated a competitive bidding environment,” said Couch, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.

“Over half of the two-building facility is leased to FedEx Express – an essential logistics provider that has proven resistant to recession and other COVID-19 related volatility.

David (Dave) Richard
 

"The remaining square footage is leased to a diverse mix of tenants spanning the electrical supply, moving and storage, and healthcare industries.”

The property is located in an opportunity zone and features prime industrial real estate directly along the Long Island Sound. 

The facility is less than one hour from New York City and is strategically located next to Sikorsky Memorial Airport, a FedEx cargo servicer.

Additionally, the site provides convenient access to Interstate 95, also known as the Connecticut Turnpike. Originally built in 1952 on 3.84 acres, the property has since been renovated.

“The cap rate we were able to achieve emphasizes the strength we continue to see in the industrial sector of the net lease market,” added Couch.

CONTACT:

  David Ebeling

 Ebeling Communications

 (949) 278-7

 david@ebelingcomm.com

 

Daum Commercial Helps Medical Equipment Manufacturer Expand with First Location in Metro Phoenix

Carter Wilson

 GLENDALE, AZ – DAUM Commercial Real Estate Services has secured the lease of 250,000 square feet of industrial space in the greater Phoenix submarket of Glendale, Arizona on behalf of the lessee, Dynarex Corporation, a medical equipment and supply wholesaler based in Orangeburg, New York.

The space will serve as the lessee’s Southwest regional distribution facility, according to DAUM Associate Carter Wilson, CCIM, who completed the lease transaction alongside DAUM Executive Vice President David Wilson, CCIM.

“Dynarex Corporation is experiencing a phase of significant growth, bolstered by a strong, ongoing demand for durable medical equipment and disposable products,” explains Carter.

“As part of the firm’s expansion throughout the West and Midwest, they came to us seeking a greater Phoenix location to utilize as a central hub for the firm’s operations throughout the Southwest.”

David Wilson

Carter notes that the DAUM team secured space that met the lessee’s requirements in the Northwest Phoenix submarket, which is currently seeing high demand, with vacancy rates compressing to sub-5% levels in Q4 2020.

David adds: “With this new lease, Dynarex is ensuring its presence is known in the region and positioning itself for future success. 

"We were able to secure a prime location within proximity to the 101 freeway, providing ease-of-access throughout the greater Phoenix area and the Southwest.”

Dynarex will occupy approximately 40% of a 620,000 square-foot industrial property. The facilities feature 32-foot clear height, 16 dock-high loading doors, and an ESFR sprinkler system.

The property is located at 7811 N. Glen Harbor Boulevard in Glendale, Arizona.

CONTACTS:

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

 www.daumcommercial.com.

Developer Seeks Approval of a $400 Million Project in Osceola County, FL

Javier Omana

ST. CLOUD, FL – DIX Developments is looking for approval of a plan that would bring both home buyers and business owners to Roan Bridge, a 276-acre mixed-use development off Old Hickory Tree Road 

The 17-parcel tract – which was annexed into the city of St. Cloud in 2017 – is partially cleared and has been permitted for 625 single-family homes and 599 multi-family units, according to James Dicks, president of DIX Development LLC in Lake Mary .

Dicks said he named Javier Omana of CPH Inc., a Sanford-based engineering firm, as manager and land planner for the Roan Bridge project.

 The environmental consulting is being done by Young Bear Environmental of Edgewater, and Johnston ’s Surveying Inc. in Kissimmee is conducting the survey of the property.

The Roan Bridge project also provides for a gathering area with retail and office space topped with 96 condos “along four city blocks in the heart of the project,” Dicks said.  

James Dicks

“There will be 1.5 million square feet of civic space,” Dicks said, adding that 26 acres have been set aside for a K-8 school with additional acreage for a new city fire station.

The $400 million development – which is one-half mile from U.S. Highway 192 and 25 miles from the attractions – is in the direct path of growth with property developing all around.

“The original goal of the Roan Bridge conceptual master plan – to balance social, environmental and economic sustainability – can be achieved by using long-range, large-scale planning,” Dicks said.

“This plan will provide sustainable economic development, a sound tax base, ease the pressure for urban sprawl and reduce vehicle miles traveled by linking with road and transit networks,” he explained.

“When Roan Bridge is complete, this truly will be a great place to live in Florida.”

Aerial of Roan Bridge, a planned 276-acre mixed-use development
 off Old Hickory Tree Road  in Osceola County, FL

About DIX Developments LLC: DIX Developments – an award-winning firm that focuses on land acquisition, real estate development and investment – has been developing Central Florida real estate for seven generations with creative vision, acquisition strategy, expert due diligence, and superior results.

CONTACTS:

James E. Dicks Jr., founder and CEO of DIX Developments

 407-542-6120 or james@dixdevelopments.com.

Beth Payan, Larry Vershel Communications

407-644-4142, 407-461-3781

or beth@larryvershel.com.

 

JLL appoints Gilda Perez-Alvarado as Global CEO, Hotels & Hospitality

 

Gilda Perez-Alvarado 

NEW YORK, NY – JLL announced Gilda Perez-Alvarado has been promoted to Global CEO of its Hotels & Hospitality Group to succeed Mark Wynne-Smith, who will continue as Global CEO of Valuation Advisory.

 

 These appointments advance the company’s corporate purpose to shape the future of real estate for a better world and be the most connected, strategic and creative team of advisors across all businesses.

 

Previously, Wynne-Smith had dual global leadership of both JLL’s Hotels & Hospitality Group and Valuation Advisory business. With over 10 years of building a significant platform for the global hotels sector, Wynne-Smith will now solely focus on the Valuation Advisory business.

Mark Wynne-Smith

 

Perez-Alvarado will continue to lead the Americas along with her expanded global responsibilities. She will report jointly to JLL’s Global CEO of Capital Markets, Richard Bloxam, and Americas Capital Markets CEO, Mark Gibson.

 

“We are confident that with Gilda’s successful track record in executing high-profile transactions, and her already prominent global presence, her leadership will leverage our exceptional international footprint and provide next-level strategic partnership with our clients across the world,” says Bloxam.

 

Perez-Alvarado will be responsible for driving global strategy for the overall sector, connecting the business to support cross-regional growth and overseeing the Asset Management and Strategic Advisory business lines.

Richard Bloxam

Additionally, Perez-Alvarado will lead ESG initiatives in hospitality, including commitments to diversity & inclusion and sustainability. She will also focus on enhancing the connectivity of the company’s Capital Markets teams in the Americas, EMEA and Asia Pacific, as global investor interest within the hospitality sector continues to rise.

 

In September 2018, Perez-Alvarado was named CEO of the Hotels group for the Americas. She will continue leading and driving strategy in the Americas region, the Global Hotel Desk and cross-border assignments in partnership with JLL’s regional hotel specialists and the International Capital team.

 

Perez-Alvarado’s track record of transacting with off-shore investors is unmatched in the industry. Most recently, she led international marketing efforts for some of the most iconic hotel assets, including the St. Regis New York, Montage Beverly Hills, Four Seasons Toronto, InterContinental New York Barclay, The Standard High Line and Mandarin Oriental Boston.

Mark Gibson

 

“The lodging industry is poised for a strong rebound and we are optimistic that, with the wider distribution of the vaccine, the industry will come back stronger than ever,” says Perez-Alvarado.

 

 “I’m eager to lead our global team in JLL’s commitment to providing the most consistent advice to clients in what will be some of the most transformative years in the history of the lodging industry and real estate in general.” 

 

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide.

 

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

  

 Contact:

Kimberly Steele

Senior Associate, Public Relations

JLL Capital Markets

9 Greenway Plaza, Suite 700

Houston, TX  77046

T +1 713 852 3420

M +1 832 244 9994

Kimberly.Steele@am.jll.com

 

us.jll.com/capitalmarkets

 

 

 

Investor picks up 6-state, 10-property healthcare portfolio

 Katya Golynko

 SAN DIEGO, CA, Feb. 17, 2021 – JLL Capital Markets announced today that it has arranged the sale and financing of a 10-property, Class A medical office portfolio totaling 270,831 square feet in six states across the U.S.

 Artemis Real Estate Partners purchased the entire portfolio from a confidential seller.

Kristina Patrk

 The portfolio comprises assets positioned near major hospitals or health centers in Salem, Ore.; Phoenix, Ariz.; Indianapolis, Ind.; Cincinnati, Ohio; Atlanta; Ga.; and Lancaster, Pa.

Rachel Oates

Approximately 50 percent of the portfolio is leased to investment-grade health systems, including Mercy Health, Novant Health and Penn Medicine Lancaster General Health.

Ted Flagg

The balance comprises local and regional physician practice groups across primary and secondary markets, many of which are in Certificate of Need states.

Tenants have significant investment in their spaces that feature generally high acuity uses, including imaging centers, ambulatory surgery centers and cancer centers as well as a number of other specialty practices.

 The JLL Capital Markets team representing the seller includes Senior Managing Director Ted Flagg; Managing Director Andrew Milne; Vice Presidents Vasili Davos and Kristina Patrk; and Analysts Niema Beglari, Katya Golynko and Rachel Oates.

 JLL Capital Markets Senior Managing Directors Daniel Turley and Tim Joyce and Director Anthony Sardo led acquisition financing efforts on behalf of Artemis, with a bank providing strong financing terms.

Andrew Milne

“The portfolio garnered interest from a wide variety of investors,” Milne said. “Artemis distinguished themselves early on and performed flawlessly throughout the process. 

"Lenders also competed vigorously for the opportunity to provide financing with a bank ultimately stepping up to provide very attractive rate and terms.”

 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.

Vasili Davos

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 About Artemis Real Estate Partners

Artemis Real Estate Partners is a real estate investment management firm that has raised more than $4.7 billion of committed equity capital across core, core plus, value-add and opportunistic strategies since its founding.

 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. 

Niema Beglari

JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 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 artemisrep.com. jll.com

Marcus & Millichap Promotes Tampa Agent Jim Shiebler to First Vice President Investments

James (Jim) Shiebler 

 Tampa, FL, February 17, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that Jim Shiebler, of the company’s Tampa office, has been promoted to First Vice President Investments, according to David Bradley, Regional Manager. 

  “The Marcus and Millichap platform is unique and has accelerated my career beyond my expectations, says Shiebler . "The tools, systems, training and support structures that have been put in place for over 50 years afford agents, of all tenures, the ability to compress timeframes for their success, achieve exponential growth and most importantly, execute at the highest level on behalf of their clients.”   

 

David Bradley

“All Marcus & Millichap title promotions are merit based," says Bradley.

"Jim Shiebler  has not only achieved tremendous accomplishment in his tenure with Marcus & Millichap, but he is also a great representation of the character we expect from our agents.” 

 

Jim Shiebler is a Private Investment Property Broker in the Ft. Myers office of M&M.

 

 

 Contact:

 

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