Robert Bratley joins JLL’s Denver Capital Markets team

 

Robert Bratley

 DENVER, CO, June 17, 2021– JLL Capital Markets announced today that it has added Robert Bratley as a Senior Director in its Denver office.

 

 In this role, Bratley will work alongside JLL’s Jordan Robbins and Pam Koster to complete multi-housing investment sales advisory transactions throughout Colorado and the Western United States, with a particular focus on middle-market transactions.

Pamela (Pam) Koster 

“Over the past year we have seen an increased investor focus on the middle-market segment of the multi-housing sector,” said Eric Tupler, Senior Managing Director and head of JLL’s Denver Capital Markets practice.

Eric Tupler

 

 “We’re looking forward to having an industry veteran like Robert join the team and deliver a more specialized approach to this particular segment for our clients.”

 

With more than 12 years of experience in commercial real estate, Bratley has successfully completed more than $330 million of multi-housing transactions across the Denver area for a variety of clients.

 

Prior to joining JLL, he worked as a First Vice President and Director at two global commercial real estate firms.

Jordan Robbins 

 Bratley earned his Bachelor of Business Administration degree from Colorado State University. He is also a member of the Denver Metro Commercial Association of REALTORS.

 

“I’m excited to join Jordan and Pam’s advisory team and expand the presence of JLL on middle-market multi-housing investment sales throughout the region,” Bratley added.

 

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

 

Bon Secours Mercy Health Headquarters in Cincinnati, OH acquired with $65.5 million loan

 

Bon Secours Mercy Health Headquarters,1701 Mercy Place
 in Cincinnati’s Bond Hill neighborhood

CHICAGO, IL, June 17, 2021 – JLL Capital Markets announced today that it has arranged $65.5 million in financing for the Bon Secours Mercy Health Headquarters, a 368,500-square-foot, Class A office building in Cincinnati, Ohio.

 

JLL worked on behalf of the borrower, 90 North Real Estate Partners and Rasameel Investment Company out of Kuwait, to secure the five-year, sub-2.50% fixed-rate acquisition loan through PNC Bank.

 

Recently completed in 2016, the property is 100% leased to Mercy Health with 14 years of remaining lease term.

Keith Largay 

The facility serves as the administrative and executive headquarters for Mercy Health, which is the State of Ohio’s largest healthcare delivery system and fourth largest employer.

 Employees have access to a variety of on-site amenities, including a state-of-the-art fitness center, large outdoor dining and activity area, food market, a walking/running trail encircling the campus, ergonomic workstations and treadmill desks to promote a healthy environment.

 

The five-story building also offers parking for more than 1,400 vehicles.

 

The Mercy Health Headquarters is located at 1701 Mercy Place in Cincinnati’s Bond Hill neighborhood, which is approximately 10 miles north of the central business district.

 Lucas Borges.

The property is adjacent to Ohio State Route 52, which provides connectivity to Interstates 75 and 71, and is surrounded by a variety of amenities, including retail centers, dining, golf courses, country clubs and Xavier University, just two miles south.

 

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Keith Largay and Director Lucas Borges.

 

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.

 

 

About Rasameel Investment Company

Kuwait

Rasameel Investment Company is a leading Shariah-Compliant investment company in Kuwait, offering clients a host of investment solutions. It is regulated by the Capital Markets Authority of Kuwait.

 

The main business pillars consist of Wealth Management, Asset Management and Alternative Investments. Rasameel was established in 2006 as a Kuwaiti Shareholding Company K.S.C. (closed) with an authorized and paid-up capital of KD 18 Million.

 

Proud of its professional investment team, technological infrastructure and strong track record, Rasameel is well positioned within the ever-growing regional Sharia-compliant investment management field. 

 

For more information, please visit rasameel.com.

 

About 90 North Real Estate Partners

 

90 North Real Estate Partners is an independent investment advisory firm headquartered in London, UK, that specializes in responsible real estate investment, and with considerable experience working with Sharia’h compliant equity partners.

 

90 North identifies and executes real estate investment and development transactions and co-invests alongside its investors.

 

The U.S. headquarters is located in Chicago and focuses primarily in the acquisition, asset management and business development in North America.

 

 

CONTACT:

 

 Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 

Blue Onyx Breaks Ground on 78-Unit Multifamily Complex in East Orange, NJ

Levi Kelman

EAST ORANGE, NJ – Blue Onyx Companies, an integrated commercial real estate development and management company, has broken ground on its pioneering “14 Summit” multifamily complex in the heart of East Orange, N.J.

 The ground-up, five-story residential building (78 units) will transform two lots and create a new campus – that includes the adjacent “18 Summit” – designed to enhance and support the local community.

 

The construction at 14 Summit St. is expected to be completed by spring 2023.

 '14 Summit' Street apartments, East Orange, NJ

 

The project, located between N. Arlington Ave. and N. Walnut St., totals 77,913 square feet, and will include eight studio apartments, 51 one-bedroom units and 19 two-bedroom units.

 

 It features unique amenities, including a coworking space, state-of-the-art fitness center, pet washing station, community lounge, two rooftop terraces and bike storage rooms. Inglese Architecture and Engineering has designed “14 Summit” to blend with the surrounding brick buildings.

 

“Our existing, neighboring project, ‘18 Summit’, offers quality, efficient and affordable units to an underserved population.

 East Orange, NJ Mayor Ted R. Green

 

‘14 Summit’ builds off this communal success by catering to a broader consumer base in this very commuter-friendly and walkable area through a thoughtfully curated mix of diverse apartment types,” said Levi Kelman, CEO, Blue Onyx.

 

“This amenity-driven and inclusive project is designed with the vision to build a more connected community, which is at the heart of our mission.”

 

He added: “As always, we strive to carry out our development projects in a way that strengthens community bonds across New Jersey’s neighborhoods.”

 

Adam Schlitt

Located in the City of East Orange – nicknamed “The Crossroads of New Jersey” – the two-building, 2-acre complex offers easy access to the Garden State Parkway and Interstate 280 in the central section of Essex County.

 

The transit-oriented site is located approximately a half-mile from Main Street, a major commercial corridor of the city, and the East Orange train station.

 

Blue Onyx’s “14 Summit” builds off the success of the company’s other East Orange asset, the adjacent 18 Summit.

 

Blue Onyx purchased the pre-war vacant and distressed property in 2014 and oversaw a full redevelopment process.

               18 Summit Street Apartments, East Orange, NJ

 

The building was completely gut-renovated and restored, with a modern interior. The company also rehabilitated 18 Summit’s unique, historic façade, which had been damaged.

 

The building, which opened in 2017 offering 75 units, is fully leased and serves as an anchor for the community.

 

“Blue Onyx’s initial ‘18 Summit’ project was a continuation of the standard of excellence that we set for all new construction in the City of East Orange," said Mayor Ted R. Green.  "Their restorative approach maintained the character of the community while giving it a fresh, new look.”

 

“Their new property at 14 Summit is a great complement to the existing building – a sophisticated, modern housing option for both millennials and baby boomers alike. We are excited about this ongoing partnership and thank Blue Onyx for investing in our city.”

Blue Onyx has properties and holdings throughout New Jersey and in parts of New York. Since 2009, the company has focused on niche markets with untapped value and potential.

“Together, our two impressive properties in East Orange will cement the transformation we’ve pioneered in this area, with working families and commuters benefiting greatly from these new living options,” added Adam Schlitt, manager of development, Blue Onyx.

 

The project received approval from the East Orange Planning Board in January 2021. March Associates has been selected as the construction manager with work anticipated to begin in summer of 2021 and targeting completion by early-2023.

 

 CONTACT: 

Dan Gunderman Senior Account Executive

 

M 862.377.5106 P 646.586.9931 E dan@violetpr.com Violet PR 7 N. Willow St, Suite 8C, Mailbox 11 Montclair, NJ 07042 www.violetpr.com www.blueonyx.com.

Anita Gross Promoted to Associate Principal, Corporate Accounts at Ware Malcomb's Irvine, CA Headquarters

 

 Anita Gross

IRVINE, CA, June 17, 2021 – Ware Malcomb, an award-winning international design firm, today announced Anita Gross has been promoted to Associate Principal, Corporate Accounts in the firm’s Irvine, Calif.-based headquarters office.

In her new role, she leads the Corporate Accounts Team, which supports the project delivery of corporate accounts nationally. 

Gross joined Ware Malcomb in 2005 as a Project Manager and has held multiple roles within the company throughout her tenure including promotions to Studio Manager and Director.

 In 2017, she was promoted to Director, Corporate Accounts to assist in the strategy and growth of Ware Malcomb’s Corporate Accounts team, capitalizing on her leadership, client management and technical skills. 

“With over 25 years of industry experience, Anita brings extensive knowledge to our Corporate Accounts program and truly embraces the Ware Malcomb culture,” said Ted Heisler, Vice President, Interior Architecture & Design at Ware Malcomb.

Ted Heisler

“Her mastery of account management has allowed us to successfully grow the Corporate Accounts program to comprise over 50% of Ware Malcomb’s business.”

Gross holds a Bachelor of Science degree in Architecture from the Georgia Institute of Technology and a Master of Business Administration degree from the University of Phoenix.

 She is an active member of several industry organizations including the Orange County Chapter of Commercial Real Estate Women (CREW) Network, and the National Association of Industrial and Office Properties (NAIOP) Southern California Chapter, where she is an Alumnus of the NAIOP Young Professionals Group (YPG). 

 CONTACTS:

 Rachel Reenders

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

 

Mixed-use property in West Hartford, CT sells for $40.5 million

 

 Blue Back Square sits within West Hartford Center,
 West Hartford, CT

BOSTON, MA – JLL Capital Markets announced it has closed the $40.5 million sale of Blue Back Square, a dynamic 445,661-square-foot mixed-use property with ground floor retail, best-in-class office and medical office space, along with 48 residential units in West Hartford, Connecticut.

Chris Angelone

JLL marketed the property on behalf of the seller. The purchaser was a joint venture between Charter Realty & Development of Greenwich, Connecticut, and funds managed by Miami-based Rialto Capital.

 Blue Back Square is a fully integrated mixed-use development consisting of six buildings on 6.4 acres at Memorial and Isham roads in West Hartford.

The property is within West Hartford Center, which is known as “The Center” and is one of Connecticut’s most well established and dynamic trade areas.

There are few – if any – opportunities for new development in The Center of this scale, and the area has historically commanded the highest rental rates for retail and office space in central Connecticut.

Zach Nitsche

Completed in 2008, Blue Back Square anchors the center’s shopping and dining district and houses 208,596 square feet of retail, 104,224 square feet of Class A office space, 98,565 square feet of best-in-market medical office and the 48 loft-style apartment units. 

Notable tenants include Crate & Barrel, Barnes & Noble, Cinepolis Luxury Cinemas and an array of desirable local and national restaurants and stores.

 The JLL Capital Markets Investment Advisory team included Chris Angelone, Zach Nitsche, Nat Heald and Dave Monahan, along with Sean O’Neill of JLL’s Leasing team.

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

Nat Heald 

About Blue Back Square

Blue Back Square is a unique shopping, living, dining, and entertainment destination. 

Anchored by Crate & Barrel, Cinepolis Cinemas, West Elm, and Barnes & Noble, the property also has several upscale restaurants and retailers such as The Cheesecake Factory, Fleming’s Prime Steakhouse and World of Beer. 

Centrally located in the highly sought-after town of West Hartford and regionally accessible to all of Central Connecticut, Blue Back Square is where people shop, eat, work, play and live.

Dave Monahan

About About Charter Realty & Development Corp.

Charter Realty & Development Corp. is a full-service commercial real estate acquisition, development, and leasing company founded in 1993 by Paul Brandes and Dan Zelson. 

Charter specializes in acquiring both urban and suburban infill retail and mixed-use assets. 

Charter’s vertically integrated platform identifies value-creation and growth opportunities for all real estate product types. .

 About Rialto Capital

Rialto Capital is a fully integrated real estate investment management, asset management and operating company.

Paul S. Brandes 

Rialto Capital was formed in 2007, and, since its founding, has participated in the investment of billions of dollars of equity in real estate assets. 

The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities.

 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. 

 Dan Zelson

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 March 31, 2021.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 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 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

 or

 Kate Terricciano

 Image Marketing on behalf of Charter Realty

Phone: +1 860 919 1020

Email: Kate@imagemarketingconsultants.com

bluebacksquare.com 

jll.com.

rialtocapital.com.

charterrealty.com