Tuesday, June 8, 2021

Brett Paulsrud appointed to co-lead JLL Capital Markets in Boston

 

Brett Paulsrud 

BOSTON, MA –– JLL announced Senior Managing Director Brett Paulsrud has been appointed to co-head the Capital Markets team in its Boston office.

 Paulsrud and current co-head, Senior Managing Director Lauren O’Neil, will jointly lead and oversee the debt and equity placement and investment sales advisory business lines.

Executive Managing Director Coleman Benedict will maintain an active role on the Boston leadership team and continue to focus on the local office investment sales advisory business, while also serving as co-lead of the national JLL Capital Markets investment sales advisory platform, a role he stepped into in early 2021.

Lauren O’Neil

 “After nearly a decade of leading the Boston Capital Markets team, the time is right for the next generation to step in,” Benedict said. 

“I look forward to continuing to work closely with Lauren and Brett to lead the office and our local office investment sales advisory team going forward.”

 Paulsrud has more than 15 years of experience in the commercial real estate industry and has been involved in the underwriting and marketing of more than $10 billion in closed commercial real estate transactions during this time.

Coleman Benedict 

His experience spans the capital stack and property types, having been involved in multi-housing, office, retail, hospitality, life science and mixed-use projects across New England.

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

 

CONTACT

 
Kimberly Steele

PR, Capital Markets

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

JLL Capital Markets closes $22.3 million sale of New Lehigh Valley warehouse facility in Hamburg, PA

New Lehigh Valley warehouse facility 
at 
336 Logistics Drive in Hamburg, PA
 

 PHILADELPHIA, PA,  June 8, 2021 – JLL Capital Markets announced it has closed the $22.3 million sale of a new, 149,632-square-foot multi-tenant bulk distribution warehouse facility at 336 Logistics Dr. in the Lehigh Valley community of Hamburg, Pennsylvania.


 John Plower 
JLL marketed the property on behalf of the seller, a joint venture between The Keith Corporation and Kiel Group. TA Realty purchased the asset.

 336 Logistics Dr. is situated on 13.95 acres within Hamburg Commerce Park, which is in a strategic logistics location with excellent transportation infrastructure and connectivity to major population centers.

 

Situated just two miles south of Interstate 78 in Hamburg, the property is located along Route 61, providing north-south access to Reading.

 

 Additionally, the Lehigh Valley location places the asset in one of the most sought-after industrial markets in the country due to limited opportunities to purchase buildings and land.


 Pete Pittroff


Completed in 2020, the warehouse building features a 32-foot clear height, LED lighting, 24 overhead doors that are expandable to 33, two drive-in doors, ESFR fire protection and ample parking. 


The facility is fully leased to two tenants, S Walter Packaging and LTL Home Products.

 

The JLL Capital Markets team representing the sellers was led by Senior Managing Directors John Plower and Pete Pittroff and Director Ryan Cottone along with Senior Managing Director Jeff Lockard.

 

“336 Logistics Dr. represented a great opportunity to acquire a new generation warehouse within a master-planned industrial park,” Plower said.


Ryan Cottone
“Hamburg continues to see tremendous leasing velocity and an overwhelming demand from capital to gain control of product within this pocket of the Lehigh Valley market.”

 

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.


Jeff Lockard

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

 

About The Keith Corporation

The Keith Corporation is a privately held, full-service commercial real estate firm. Headquartered in Charlotte, North Carolina, 

TKC has projects in 35 states, Mexico, Australia, Canada and the United Kingdom. 

Developing over $3 billion worth of commercial real estate over the course of 300 projects, totaling in excess of 27 million square feet for a highly diverse clientele, 

The Keith Corporation has developed a reputation based on its expertise, accountability and total client satisfaction on its projects.

 CONTACT

 Kimberly Steele

PR, Capital Markets

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

KAI Hires Mary Azad as Senior Mechanical Engineer in Dallas-Fort Worth Office

Mary Azad

 St. Louis, MO, June 8, 2021 -- KAI Enterprises proudly announces the hiring of Mary Azad, P.E., LEED AP, as Senior Mechanical Engineer in its Dallas-Fort Worth, Texas office.

 

Azad comes to KAI with more than two decades of mechanical engineering and HVAC design experience on retrofits and new installation projects ranging from rooftop package units and split heat pump or VRF systems to large central chiller plants for commercial, industrial, telecom, data centers, aerospace, automotive, institutional, government, pharmaceutical, laboratory and clean room facilities.


 Brad Simmons

 

“Mary’s addition to the KAI Engineering team is a real coup and adds yet another senior industry veteran to our national MEP roster,” said KAI Managing Partner Brad Simmons, FAIA. 

 

“As a Senior Mechanical Engineer and Group Leader, Mary offers a wealth of experience in multiple geographies, across a wide range of markets and project types.

 

"Her portfolio of large, highly-complex, technical projects is impressive and adds even more horsepower to KAI’s growth trajectory. Mary is a collaborator and a great cultural fit with our DFW team.”

  

Azad has a Master of Science in Mechanical Engineering from California State University in Fullerton and a Bachelor of Science in Mechanical Engineering from the University of Science and Technology in Tehran, Iran.

 

CONTACT

 
Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

 

Robinson Weeks Partners Announces New Hires as Company Footprint Expands

Frances Jackson
 ATLANTA, GARobinson Weeks Partners, a leading industrial real estate development and acquisitions firm, announced the appointment of Matt Davis as Senior Vice President of Leasing and Development and Frances Jackson as Director of Property Management.

The pair of hirings coincide with the growth and expansion at the firm, with both industry veterans expected to playkey roles as Robinson Weeks continues to focus on developing Class A industrialdevelopments across the Southeast, Texas and Mid-Atlantic markets. 

Matt Davis

“We are thrilled to welcome Matt and Frances as we expand our capacity to serve our industrial customers as they seek new facilities and diversify their supply chains,” said David Welch, President & CEO of Robinson Weeks Partners.

“They both have a demonstrated history of excelling in their areas of focus, and their expertise will be invaluable during this pivotal time in our industry.

David Welch

"Robinson Weeks is excited to enter the next chapter of our growth story, and we will continue to be an active player in both new and existing markets for the remainder of 2021 and beyond.” 

CONTACT:

 Aliya Seymour

The Wilbert Group

aseymour@thewilbertgroup.com