Saturday, August 21, 2021

Alpha Lease Launches New Lease Structure in 23 U.S. Markets to Address Post-Covid Vacancy

 Phil Raglin

 Fort Worth, TX — Alpha Lease Management LLC, a national real estate investment and tenancy company with more than $45 million in transactional volume to date, has announced the launch of a new lease structure that will directly address the challenge of commercial real estate vacancy in key markets nationwide.

Currently active in 23 U.S. markets, Alpha Lease plans to expand to more than 30 top U.S. metros by the end of 2021.


“There is no bigger challenge in the operation of commercial real estate right now than vacancy,” says Phil Raglin, CEO of Alpha Lease Management.

 “With continued uncertainty surrounding the post-COVID environment, many leasing markets are not on track to fully recover until 2025.

"This presses the question: how can we solve the problem of vacancy, now? To us, the answer is simple - invest in it.”

Raglin explains that Alpha Lease’s new Tenancy on Demand program allows his firm to become a tenant-partner in nearly any vacant or underperforming space, spanning all property types.


“Through this new structure, Alpha Lease guarantees a long-term, AA-insurance-backed lease, often with terms up to 30 years, while taking on all aspects of the leased space operation,” explains Raglin.

He notes that Alpha Lease either occupies each space or subleases and manages it, always with an eye toward long-term objectives that serve the property’s best interest.

“This strategy allows us to draw upon our team’s tenured experience in the operation of retail, multifamily, office, and industrial properties while also fulfilling our mission to help properties thrive by creating environments that support businesses of all sizes while energizing the assets and their local communities,” says Raglin.

Each transaction under the new program begins with a fintech analysis using Alpha Lease’s proprietary 16,000-data-point TALGO algorithm, which calculates the risk of leasing a property.

A fee is agreed upon and paid by the landlord, who in return is guaranteed a stable long-term tenant with the expertise to operate the space and add deep value, according to Raglin.

“This structure creates an immediate increase in NOI, delivering flexibility to the owner/investor to recapitalize, reposition, or otherwise reinvest in the asset,” he says.


“Lenders benefit from the financial strength of a AA-backed tenant, while brokers benefit from the ability to bring in the Tenancy On Demand solution to absorb challenging spaces,” notes Raglin.

As a whole, Raglin notes the new program allows active investors to become passive while providing all parties with speed, transparency, and ease.

In addition to its new Tenancy on Demand lease structure, Alpha Lease specializes in CPR Leasing, through which the firm maximizes income and adds immediate value for property owners through Alpha Lease’s creative leasing of common areas, parking areas, and rooftops.

Alpha Lease can also create value to all commercial properties even those where it does not have a lease through its holistic value-add approach.

This includes items such as EV charging stations or installing energy efficient glass, among other value creation strategies that enhance the valuation of a property.

The firm is also an active property investor with a portfolio of four million square feet under ownership. Alpha Lease is actively seeking additional acquisition opportunities in top growth markets throughout the U.S.


For more information on its new Tenancy on Demand program, contact Phil Raglin at phil@almlease.com.

Alpha Lease Management LLC is a national real estate investment and tenancy company with more than $45 million in transactional volume to date.

The firm’s expertise and investment spans retail, office, multifamily and industrial/flex properties.

Headquartered in Fort Worth, Texas, Alpha Lease focuses on the top 30 metros in the U.S. and currently operates in more than 23 markets nationally.

For more information, please visit www.almlease.com.

   CONTACT:

Katie Haga or Lexi Astfalk

Brower Group

(949) 438-6262

khaga@brower-group.com


 

The Voit Company Breaks Ground on Three-Building-Single Tenant Industrial Property in Rialto, CA

  

Juan Gutierrez 
RIALTO, CA – The Voit Company, an Orange County-based commercial real estate development firm, has announced the groundbreaking of Renaissance Commerce Center, a three-building, 87,189 square-foot ground-up industrial development in the city of Rialto, California.

Juan Gutierrez and John Viscounty of Voit Real Estate Services will represent The Voit Company in the lease or sale of the property.

Renaissance Commerce Center will be located at 1993, 2033 and 2133 W. Casmalia Street in Rialto, California. 

The property is centrally located approximately 13 miles from the Ontario International Airport with close access to the 210, 5, 215, 10 and 60 freeways. The development is planned for completion in Q1 of 2022.

John Viscounty 
“The industrial sector has performed extraordinarily well over the past 18 months, fueled by e-commerce, 3PL, and a wide variety of expanding logistics uses,” says Gutierrez, a senior vice president with Voit.

 “As a result, demand for high-quality industrial space in the Inland Empire has soared. 

"Concurrently, trends including expanding online retailing, tight supply in nearby Los Angeles and Orange County and record-breaking volumes at the Ports of Los Angeles and Long Beach indicate that long-term demand will be sustained in the region."

CONTACT:

Lexi Astfalk

Brower Group

(949) 438-6262

lastfalk@brower-group.com


JLL Capital Markets arranges $29 million financing for 203,642 SF, Class A Gainey Ranch Corporate Center II in Scottsdale, AZ

 

Gainey Ranch Corporate Center II is positioned
on a 7.57-acre site at 8877 N Gainey Center Drive
 within the Gainey Ranch Corporate Center,
which comprises 500,000 SF of office space

 PHOENIX, AZ – JLL Capital Markets has arranged $29,175,000 in financing for Gainey Ranch Corporate Center II, a Class A office property totaling 203,642 square feet in Scottsdale, Arizona.

 JLL worked on behalf of the borrower, Dansons, LLC, to secure the long-term, non-recourse, fixed-rate acquisition loan through Benefit Street Partners Realty Trust.

Brad Miner

The JLL Capital Markets team representing the seller was led by Senior Director Brad Miner and Director Jason Carlos.

Completed in 1991, Gainey Ranch Corporate Center offers golf course and mountain views and a 4:1 parking ratio with 90% of the parking located underground.

Dansons took 100% occupancy immediately upon acquisition. Gainey Center will serve as Dansons’ Corporate Headquarters, facilitating the continued success of their pellet fuel appliances and multiple award-winning brands.

 

Jason Carlos

Gainey Ranch Corporate Center II is positioned on a 7.57-acre site at 8877 N Gainey Center Dr. within the Gainey Ranch Corporate Center, which comprises 500,000 square feet of office space.

This location is just one mile from the Loop 101, providing accessibility to the Scottsdale metro area and labor pool.

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

   CONTACT:

      David Ebeling

  Ebeling Communications

  (949) 278-7851

  david@ebelingcomm.com

www.hybridgecap.com.

Commercial Real Estate and Tech Veterans Launch Hybridge Capital Management

 

Prince Bhojwani

LOS ANGELES, CA – Commercial real estate veteran Max Benjamin Mellman and technology veteran Prince Bhojwani announced that they have launched Hybridge Capital Management, a Los Angeles-based investment firm focused on commercial real estate and technology.  

  Benjamin and Bhojwani will both serve as Managing Partners.

  Hybridge Capital Management is looking to invest $1 million to $10 million per deal in office, industrial, retail, multifamily, hotel and development sites across the United States.

 Additionally, it will look to identity and invest in dynamic management technology teams, businesses, and sectors where it can build leading enterprises.

Max Benjamin Mellman 

 Mellman has spent the past nine years specializing in the investment and financing of commercial real estate. 

  His current firm, Max Benjamin Partners, a boutique real estate advisory firm based in Beverly Hills, specializes in providing innovative capital solutions to real estate developers and investors. 

  Bhojwani has over eight years in the technology industry.  Currently, he is Chief Investment Officer at The Graywall Company which specializes in investing in early-stage technology companies.

    CONTACT:

      David Ebeling

  Ebeling Communications

  (949) 278-7851

  david@ebelingcomm.com

www.hybridgecap.com.