Ware Malcomb Promotes Kim Von Der Ahe-Arial to Director of Building Measurement Services

Kim Von Der Ahe-Arial 

LOS ANGELES, CA – Ware Malcomb, an award-winning international design firm, today announced that Kim Von Der Ahe-Arial has been promoted to Director, Building Measurement Services.

 In this new role she will be responsible for the national growth of Ware Malcomb’s building measurement services throughout the company.

Since joining the firm in 2018, Arial has focused on expanding the firm’s building measurement services across North America.

 She has secured numerous regional and national clients to expand these services into new markets. Her team works with landlords, asset management firms, property managers and brokers to deliver accurate floor plans with quick turnaround times. 

Radwan Madani

“Kim has incredible dedication and is highly admired by her team, Ware Malcomb peers and industry partners,” said Radwan Madani, Vice President, Operations for Ware Malcomb.

“Her tenacity and commitment to client service has enabled her to secure key clients in several of our company’s regions.” 

She is an active member of the International Council of Shopping Centers (ICSC) and holds a Bachelor of Arts degree in Communications from University of Southern California. 

CONTACT:

Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

Rachel@kcomm.com 

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128

mbissonnette@waremalcomb.com 

 

waremalcomb.com

 http://www.waremalcomb.com/news and view Ware

Malcomb’s Brand Video at youtube.com/waremalcomb.

 

Law firm and wealth management firm sign leases at Class A office property in Newport Beach, CA

 

Monica Enes 

 

 NEWPORT BEACH, CA – JLL, the leasing manager at 5000 Birch, a two-building, 308,567 square foot, Class A office property in Newport Beach, California, announced it has secured a new lease with law firm North & Nash LLP for 2,332 square feet of office space. 

Joe Bevan

The new lease represents the relocation of the firm’s headquarters in Irvine, California. Additionally, JLL signed Clarity Capital Partners to a lease renewal for 4,610 square feet of space for its headquarters. 

The two lease signings come just weeks after Pour Vida Latin Flavor restaurant signed a 2,940-square-foot lease on the ground floor of the property.

Landlord, Manulife Investment Management recently announced construction has begun on a new fitness center and other capital improvements including new common corridors and spec suites coming in 2021.  

Wade Clark

JLL’s Joe Bevan, Wade Clark and Monica Enes oversee office leasing at 5000 Birch.  North & Nash LLP was represented by David Marino of Hughes Marino with Clarity Capital Partners being represented by Brad Schmitt of Savills.

5000 Birch can accommodate a wide range of requirements from 2,000 square feet to 86,000 square feet of contiguous space with signage available. 

“As we begin to return to normal, we are seeing companies being ready to make real estate decisions,” said Enes, JLL Managing Director.

David Marino

“5000 Birch provides the perfect opportunity for a growing company to occupy and create an identity in a premier area of Southern California.”

5000 Birch is ideally located in Orange County’s Airport Submarket, just minutes from the I-405, CA-73 and SR-55 freeways, providing convenient access to neighboring communities.

 It features a modernized outdoor plaza and abundant parking in an amenity rich area.

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

Houston, TX seniors housing community sold; $21.3 million financing arranged

  

Allison Holland

HOUSTON, TX – JLL Capital Markets announced it closed the sale and arranged a $21.3 million financing for The Shores at Clear Lake, a 100-unit senior living community in Houston, Texas.

 JLL worked on behalf of the seller, Meridian Realty Advisors, to complete the sale to the buyer, Chicago Pacific Founders.

JLL also represented the buyer to secure the 10-year, floating-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

Charles (Charley) Bissell

The JLL Capital Markets team representing the seller was led by Managing Director Charley Bissell and Senior Managing Director Brian Carlton. Financing was led by Managing Director Allison Holland.

“The Shores at Clear Lake garnered significant interest from investors due to the quality of the location and physical plant, and the strong performance of the property even during the COVID-19 pandemic,” said Bissell.

 Holland adds, “This transaction is a prime example of the power of the JLL platform as our debt team worked alongside the investment advisory team to deliver highly favorable outcomes to the seller and buyer.”

 Sitting on almost eight acres and totaling nearly 90,000 square feet, The Shores at Clear Lake offers 66 assisted living and 34 memory care units.

Brian Carlton

The assisted living units feature studio, one- and two-bedroom units with kitchenettes; and the memory care units include a mix of shared and private units.

The Shores at Clear Lake also features community amenities, including a lounge, outdoor patio, courtyard, multiple dining areas and a movie theater; and memory care services, such as music, art and pet therapy, support groups, and family education.

The community opened in late 2018 and had reached 92% occupancy by September of 2020.

 Located in southeast Houston, the property is expected to continue benefiting from the growing 75+ population within the primary market area.

The Shores at Clear Lake offers 66 assisted living
 and 34 memory care units.

  

The property is situated adjacent to Clear Lake, a waterfront community, and NASA’s 1,700-acre Johnson Space Center.

The Shores at Clear Lake is also near key healthcare facilities, including the Houston Methodist Clear Lake Hospital, Houston Physicians Hospital and HCA Houston HealthCare Clear Lake.

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

 

CONTACT:

Natalie Passarelli
PR, Americas

JLL

M +1 224 477 7307

JLL.com

www.cpfounders.com

KBS Sells 629,189-SFClass A Office Complex in Iselin, NJ for $88 Million

 ISELIN, NJ – KBS, one of the largest investors in premier commercial real estate in the nation, announced the sale of Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, New Jersey.

Maria Betancourt

The property was sold to Ramapo, New York based Northeast Capital Group for $88 million.  Newmark, a global commercial real estate services firm, directed the sale on behalf of KBS.

Newmark’s Executive Managing Director Kevin Welsh, Managing Director Brian Schulz, Associate Jason Emrani, and Transaction Manager Maria Betancourt, along with support from Jamie Drummond, served as KBS’ exclusive advisors and representatives for the sale of Woodbridge Corporate Plaza.

Kevin P. Welsh

 

Attorneys Bruce Fischer, Howard Chu and paralegal, Amanda Kennedy, of global law firm Greenberg Traurig, LLP’s Orange County office, together with attorney Steven Fleissig in Greenberg’s New Jersey office,  represented KBS as legal counsel in the disposition.

 “Woodbridge Corporate Plaza has seen close to a half million square feet of leasing velocity since January 2017,” says Welsh.

 “The property is 90% leased to a diverse base of 64 tenants with investment-grade anchors, providing stable cash flow and staggered rollover.

Brian Schulz

"Moreover, this asset offers Northeast Capital Group a secure income stream with strong cash-on-cash returns at an attractive basis.

 "The property’s dynamic location and market-leading leasing velocity make it a rare investment opportunity in the area.”

  “The New Jersey office market is home to a diverse roster of Fortune 500 companies and tenants who are drawn to a highly accessible, regional location,” says Marc DeLuca, Eastern regional president for KBS.

Jason Emrani

“Woodbridge Corporate Plaza is defined by its proximity to the intersections of I-95, I-278 and Route 1 with exceptional mass transit connectivity via Amtrak, New Jersey Transit and the Metropark Station.”

 The property provides a host of sought-after amenities, including a new 6,000 square-foot fitness center, a full-service café and caterer, on-site management office and shuttle service to the Metropark transit hub, according Stephen Close, asset manager for Woodbridge Corporate Plaza and senior vice president of KBS.

 

Jamie Drummond

“Northeast Capital Group recognized an extraordinary opportunity to acquire one of Metropark’s most desirable office parks,” says Close.

 “The renovations KBS completed at this property make this well-located asset even more attractive to existing and prospective tenants. This business park is an excellent addition to the buyer’s portfolio.”

 The sale represents investors’ robust appetite for top-quality office properties in prime locations throughout the country despite the COVID-19 pandemic, DeLuca notes.

 

Marc DeLuca

“The office market is poised for recovery as we move out of this health and economic crisis,” says DeLuca. 

“We’ve heard from numerous tenants that they are eager to return to the workplace after many months of working remotely. 

"During the shutdown, productivity has begun to dip as people have grown weary of working from home. 

"Companies and their teams are looking forward to coming back to the office safely where they can do their best collaborative and creative work. 

Stephen Close

"Properties like Woodbridge Corporate Plaza represent the type of superior-quality, well-amenitized space these firms are seeking as they navigate their way back to the office.”

KBS originally purchased the 629,189 square-foot business park in 2005, completing a multimillion-dollar renovation that included construction of all new corridors and restrooms, upgrading of flooring and lighting, installation of new entrance doors and new signage opportunities for tenants.

Amanda Kennedy

 “We enjoyed representing KBS in the successful disposition of Woodbridge Corporate Plaza,” said Fischer, Greenberg Traurig’s Chair of the West Coast Real Estate Practice and Co-Managing Shareholder of the Orange County Office, who led the Greenberg Traurig team.

 Woodbridge Corporate Plaza is located at 485 US-1, Iselin, NJ 08830.

 CONTACT:

Katie Haga 

khaga@brower-group.com

www.kbs.com.

 nmrk.com or follow @newmark.

Unique University of Colorado mixed-use facility hits the market

 

Lindsey Fahey 

DENVER, CO –– The University of Colorado has named JLL to market the sale of its CU South Denver facility, a 175,780-square-foot, Class A, mixed-use building in Lone Tree, Colorado.

 The offering presents a unique adaptive reuse opportunity for the three-level facility boasting a state-of-the-art meeting venue with capacity for more than 1,000, a two-story atrium and foyer, outdoor space, 300-seat theater, commercial kitchen and multiple classrooms.

 The JLL team representing the seller is led by Director Lindsey Fahey and Executive Vice President Patrick Bolick.

Patrick Bolick.

“As movement to the suburbs has accelerated, this offering presents a compelling opportunity to enter into the southeastern Denver suburban market, the largest market in the city and one of the top performing,” Bolick said.

The 14.4-acre site has parking for 442 vehicles and includes an additional 4.4 acres of developable land.

 Completed in two phases in 2002 and 2009, the well-maintained facility could easily be adapted for a variety of uses, including educational, religious, event space, office or a combination of uses.

 Located at 10035 South Peoria Street, the site is positioned approximately 18 miles south of downtown Denver in the affluent suburban community of Lone Tree.

The property has visibility to more than 38,000 vehicles per day along Lincoln Ave. and tremendous regional accessibility because of its proximity to the crossroads of Interstate 25 and C-470.

CU South Denver facility, a 175,780-square-foot,
Class A, mixed-use building in Lone Tree, CO

 It is also near top employers at the Denver Tech Center, which boasts more than 11.7 million square feet of space and Meridian International Business Park, among others. 

 “Alternatively, the fact that the site includes additional developable land also presents a compelling redevelopment play, providing options for a variety of buyer profiles,” added Fahey.

 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

Rich Ritter and Alex Possick Join NorthMarq Investment Sales in Denver

 Rich Ritter

DENVER, CO ==NorthMarq’s expansion of its Investment Sales platform continues with the addition of two multifamily professionals, Rich Ritter and Alex Possick, to the Denver office.

  They join Managing Director Dave Martin and Vice President Brian Mooney and will focus on middle-market investment sales.

 NorthMarq’s Investment Sales platform began in 2018 in Phoenix and now operates in conjunction with NorthMarq’s Debt and Equity professionals in 18 offices.

“The addition of Rich and Alex will help us expand our partnership with middle-market multifamily investors, complementing the work that Brian and I offer to institutional investors,” said Martin.

Alex Possick

  “Their experience in financial analysis and multifamily marketing will be a great benefit to clients and our debt and equity professionals,” said Martin.

 Ritter specializes in the marketing and sale execution of multifamily communities up to $40 million throughout Colorado and surrounding Mountain states.

 Prior to joining NorthMarq, he was with ARA Newmark’s Denver team, where he quickly came to be a key resource for a wide array of private and institutional investors.

 His involvement in over $4.5 billion of Colorado multifamily asset sales allows him to deliver a highly comprehensive, consultative transaction process. Prior to relocating to Denver in 2019,

 Mr. Ritter obtained his Bachelor of Science in Finance & Business Analytics at Indiana University’s Kelley School of Business.

 Dave Martin

 Possick represents private, high net-worth and institutional investors in the disposition of multifamily investment properties up to approximately $40 million across the Inter-Mountain Western United States, with particular focus in the state of Colorado. Prior to joining NorthMarq,

 Alex was a member of CBRE’s Multifamily Capital Markets team where he played an integral role in the disposition of over 15,000 units and in excess of $2 billion in asset sales.

 Alex is completing his Master’s Degree in Real Estate from Georgetown University and received his Bachelor’s of Science in Real Estate from the Kelley School of Business at Indiana University.

Brian Mooney

CONTACT:

NorthMarq 

aaminov@northmarq.com

Bronx urban logistics facility trades for $116.5 million

 

Leslie Lanne

Andrew
Scandalios

NEW YORK, NY – JLL announced it has arranged the $116.5 million sale of a 145,144-square-foot Class A urban logistics center at 1080 Leggett Ave., Bronx, New York.

 JLL worked on behalf of the seller, Goldman Sachs Asset Management & Blumenfeld Development Group, Ltd. CenterPoint Properties acquired the property.

The 145,144 square foot property is fully leased to a Fortune 50 company and offers 22-foot ceiling heights, 18 loading docks, 4 drive-ins and onsite parking. 

Rob Kossar

 1080 Leggett Ave. is ideally located in the Bronx’s Hunts Point submarket five minutes from the Hunts Point Food Distribution Center.

The logistics facility sits along the I-278 Bruckner Expressway, just 10 minutes from Manhattan’s Upper East Side with direct access to regional transit, including Interstates 295 and 278.

The location provides easy access the greater Tri-State region’s large distribution base of more than 20 million people.

Tyler Peck

 The JLL Capital Markets team was led by Senior Managing Directors Andrew Scandalios and Rob Kossar, Senior Director Tyler Peck and Managing Director Karl Brumback. Executive Managing Director Leslie Lanne secured the tenant and assisted in the sale as well.

 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.

CONTACTS:

Kimberly Steele

PR, Capital Markets, 

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

 

George Shea, Rachel Tate

Company: Shea Communications

Phone: +1 212 627 5766

Email: rachel@sheacommunications.com

 

Stan Johnson Co. Brokers Sale of The Shoppes at Carlin in Covington, GA

Julie Clyburn

 COVINGTON, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of an unanchored shopping center in Covington, Georgia.

 The Shoppes at Carlin, located at 10154-10176 Carlin Drive, total 15,732 square feet, and the center was fully leased to eight tenants at the time of sale.

Doug Clyburn 

The seller, Hickman & Williams Properties LLC, was represented by Stan Johnson Company’s Doug Clyburn and Julie Clyburn, with support from analyst Ryan Bogle.

 The buyer, CB Solutions Inc., acquired the asset for approximately $2.7 million, reflecting at 7.12 percent cap rate.

 

Ryan Bogle

“This is an excellent center which has maintained full occupancy in a small market,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.

  “To address initial buyer concerns, we provided an in-depth market study to show the current and anticipated growth of the region.

 "Using this data, we were able to close the transaction at 98 percent of the offering price.”

 The Shoppes at Carlin, 10154-10176 Carlin Drive, Covington, GA

 

The property offers excellent ingress and egress points, and tenants include salons, a fitness center, and a restaurant, among other concepts, all operating under triple net leases.

 The shopping center was originally constructed in 2007 and is situated on 1.7 acres 37 miles east of downtown Atlanta, Georgia.

 “Completing the sale within a short timeframe has enabled the seller to move forward with a new planned development in the Macon, Georgia area,” added Clyburn.

CONTACT:

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com