Ackerman & Co. Completes Final Land Sale at Exchange at Gwinnett in Buford, GA

  

John Speros

ATLANTA, GA – Ackerman & Co. has brokered the sale of a 13.7-acre parcel at the Exchange at Gwinnett mixed-use project, located at the intersection of Interstate 85 and GA Highway 20 in Buford, Ga.

The $5-million transaction marks the final piece of land sold by Ackerman as part of the Exchange at Gwinnett project, with the firm having previously completed four land sales of nearly 100 acres.

 Ackerman & Co. Senior Vice Presidents John Speros and Larry Wood represented Fuqua Development in the acquisition of the 13.7-acre parcel. Mansour Properties LLC was the seller.

 “Initially, we represented the Orkin family in the sale of 64 acres to Fuqua Development and then helped Fuqua assemble the balance of the land for this multi-phase project that is being developed into one of the most exciting mixed-use projects in the entire Atlanta region,” said John Speros.

Larry Wood

 Ackerman & Co.’s Wood and Speros also brokered a separate 4.5-acre sale within the development on behalf of Rooms To Go for the construction of a 52,000 square foot flagship store to replace their 24,000-square-foot store in front of the Mall of Georgia.

 Exchange at Gwinnett will feature a food hall with 13 eateries slated to open soon, local and national retailers, a 72-bay Topgolf, Andretti Indoor Karting, a Sprouts market, luxury flats and apartments, and a Homewood Suites.

 CONTACT:

 Steve Webb 

swebb@ACKERMANCO.NET

 

The Easton Group Begins Construction on $20 Million Industrial Project in Doral, FL

          Rendering of planned $20 million,127,150 square-foot                              warehouse/distribution facility in Doral, FL

Miami, FL — The Easton Group has started construction on a 127,150 square-foot warehouse/distribution facility in Doral, Florida.  

The $20 million project is planned for a seven-acre parcel within International Corporate Park (ICP), a 300-acre Class A industrial park developed by Easton. 

Edward W. Easton

 The 1500 NW 97th Ave. property is the last significant vacant site for industrial use within ICP. 

 “Based on the current demand for quality warehouse space, driven mostly by ecommerce, we think the timing is right to bring new product to the market,” said Edward W. Easton, chairman of The Easton Group. “With rising lease rates and shrinking inventory, it just makes sense.”

Dalton Easton

 The building is designed for 30-foot clear height, 42 dock-height doors and 140 parking spaces. The asking rent is $9.95 per square foot net.

 ICP, which is near 100 percent occupancy, is ideally located in central Doral with easy access to PortMiami and Miami International Airport.  

The new warehouse/distribution center will front busy Northwest 97th Avenue providing exceptional visibility.

 “We have been talking to a number of companies who love the location and are very interested in taking the space,” said Dalton Easton, an associate with Easton & Associates who will handle leasing along with Tom Kimen, a vice president. “We have the flexibility to bring in a single user or to divide the building into several bays for multiple tenants.”

Tom Kimen

City National provided a $12 million construction loan.  The project is expected to be finished during the fourth quarter of 2021.

About The Easton Group:

Edward W. Easton is founder and chairman of The Easton Group, a family-owned, boutique commercial real estate firm with over 45 years of experience and an exceptional track record. 

The group is broken down into four business units consisting of commercial real estate investment, development, brokerage, and property management.  The Easton Group is headquartered at International Corporate Park in Doral, Florida.  

    CONTACT:

 Todd Templin    

Executive Vice President

BoardroomPR

ttemplin@boardroompr.com

954-370-8999/954-290-0810

 www.theeastongroup.com.

  

Murphy Development Begins Construction of Two Industrial Buildings at Brown Field Technology Park in Otay Mesa Area of San Diego, CA

 R. Michael Murphy

SAN DIEGO, CA – Murphy Development Company (MDC) announced that it has started construction of two speculative industrial buildings, Building A, a 105,150-square-foot building, and Building C, a 123,913-square-foot building, at Brown Field Technology Park (BFTP), a 52-acre corporate industrial and office park that flanks SR-905 at the Britannia Boulevard on/off ramp in the Otay Mesa area of San Diego, California.  

Completion of the two buildings is scheduled for the third quarter this year.

These state-of-the-art buildings will feature 32-foot clear heights, 4,000 amps of 277/480 volt power, manufacturing sewer and water capacity, ESFR sprinklers, concrete truck courts, wide column spacing, and high dock door ratios designed for distribution users. 

The buildings can accommodate a variety of requirements ranging from 50,000 to 229,063 square feet. 

Andy Irwin

JLL’s Andy Irwin, Ryan Spradling and Greg Lewis are overseeing leasing of the two buildings. 

“We continue to see demand in Otay Mesa from Fortune 500 companies who are looking for best-in-class buildings with access to the strongest labor market in Southern California,” said R. Michael Murphy, president of MDC.

  “Brown Field Technology Park offers potential tenants state-of-the-art design, large setbacks, impeccable corporate image and landscaping coupled with San Diego’s lowest occupancy costs.”

In addition to these two buildings, MDC is nearing completion of a 180,000-square-foot build-to-suit two building campus for Salvation Army on the Northern phase of the business park. 

They are also working on designs for the Southern phase of the project with plans to deliver buildings on that phase in 2022.

Ryan Spradling
 

BFTP is ideally locally located for business, adjacent to Brown Field Airport and positioned within a U.S. Department of Commerce Foreign Trade Zone which offers important tax incentives for local companies. Its flexible design allows for industrial, R&D, office, manufacturing and corporate engineering buildings.

The SR-905 freeway features a diamond interchange at the entrance to BFTP on Britannia Boulevard and has convenient access to the I-805 and I-5 Freeways, and the South Bay Expressway (SR 125 Toll Road). 

"Demand for industrial continues to surpass historical averages due to a major shift in e-commerce spending as well as growth in the manufacturing sector in Northern Mexico," said Irwin.  "Brown Field Technology Park offers superior features, access to transportation corridors and abundant labor.”

About Murphy Development

San Diego-based Murphy Development Company (MDC) has master planned and developed more than 10 million square feet of multi-phase corporate industrial and technology parks in San Diego. 

Greg Lewis 

MDC acquires land and develops best-in-class corporate parks with the goal of leasing buildings – or completing build-to-suits for sale or lease – to Fortune 500 companies.

 Murphy Development is currently marketing 31 acres at the Scripps Ranch Technology Park and 65 acres in Otay Mesa within its Brown Field Technology Park and The Campus at San Diego Business Park. 

 Plans for these projects include more than 2 million square feet of corporate headquarters, office and industrial facilities. 

CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

  jll.com

www.MurphyDev.com.

JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock

 

 Richard Bloxam

CHICAGO, IL and OAKLAND, CA –– JLL (NYSE: JLL) announced a multi-faceted transaction with Roofstock, an innovative proptech and leading online marketplace in the dynamic single-family rental (SFR) sector.

 The deal includes a strategic minority investment in Roofstock by JLL and commercial partnership that enables JLL to expand its service offerings in the residential sector.

As part of the deal, Roofstock also purchased Stessa, the leading asset management software-as-a-service solution for SFR investors, which had been owned by JLL’s technology division, JLL Technologies (JLLT), since January 2018.

 “The single-family rental asset class is seeing strong demand from our investor clients – both private and increasingly institutional – and this investment  will position our teams to offer unique insights and access to opportunities in this space,” said Richard Bloxam, CEO, Capital Markets of JLL.

Yishai Lerner

 “We are excited by Roofstock’s scalable, data-driven platform servicing both retail and enterprise SFR clients as well as the deeply accomplished and experienced team.

"We see a strategic investment coupled with a commercial partnership as the best approach to offer state-of-the-art services to our investors seeking SFR exposure,” said Yishai Lerner, Co-CEO, JLLT.

The transaction is strategic for both parties. Through this commercial partnership, JLL can now immediately offer clients the ability to access the U.S. SFR market at scale, backed by a robust suite of services that deliver a near seamless transaction and portfolio management experience.

Gary Beasley

The incorporation of Roofstock’s “real estate investing cloud” into JLL’s existing enterprise enables JLL’s clients to invest in U.S. residential real estate at scale, speed and with precision.

 Roofstock will also gain access to JLL’s global footprint to fuel its continued growth, creating a new pipeline of activity that benefits all users of its real estate marketplace.

“We are excited to work together with JLL to help service JLL's clients in the SFR space, and accelerate Roofstock’s domestic growth and global expansion,” said Gary Beasley, co-founder and CEO of Roofstock and 30-year real estate veteran.

 “We are also thrilled to welcome the talented Stessa team to Roofstock and are excited to integrate their asset management and accounting software into our retail product offerings.

"The relationship with JLL directly supports our efforts to make real estate investing more seamless and accessible.”

 Stessa is a natural addition to the Roofstock marketplace and a strong complement to the existing suite of services Roofstock offers investors.

 Roofstock will make Stessa available to the high volume of investors who transact through the proptech’s platform each month. 

Heath Silverman

With more than 170,000 properties on the platform representing over $45 billion in assets, Stessa is fast becoming one of the most popular personal financial applications for rental property owners.

Using Stessa, investors can automate income and expense tracking, maximize profits with visual dashboards and detailed reports, and save time with tax-ready financials.

 “We are thrilled to join forces with Roofstock, which is leading the way in making the single-family rental asset class more accessible to investors,” said Heath Silverman, co-founder and CEO, Stessa.

“Stessa can leverage Roofstock’s proprietary data to help investors make smarter, more informed decisions and seamlessly buy and sell properties through Roofstock’s marketplace.

"Together, we will be able to offer comprehensive owner services saving investors both time and money throughout every stage of the real estate ownership lifecycle.”

 The acquisition by JLL in 2018 and subsequent incubation enabled Stessa to expand its platform and reach, becoming one of the leading solutions available to rental property owners.

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

   CONTACT:

 Kristen Murphy

JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

jll.com.