CT Realty signs Dallas, TX-based Total Office Solutions to 329,358-SF Lease at Stadium Logistics Center in Irving, TX

 

Stadium Logistics Center, a new Class A,
  329,358-SF industrial building, Irving, TX

 

James 'Watty' Watson

DALLAS/FORT WORTH, TX – Sept. 7, 2021 – CT Realty has leased Stadium Logistics Center, a new Class A 329,358-square-foot industrial building, to Dallas-based Total Office Solutions, a longtime provider of office furniture, corporate relocations and facilities services that is consolidating and expanding its operations.

CT executed a 10-year lease with the tenant prior to completion of the building, reflective of the high demand for supply chain distribution space amid spiking e-commerce sales nationwide.

 

Stadium Logistics Center is located on a premier 18.46-acre infill site in Irving, Texas, which CT purchased in September 2020 from NCH Corporation.

Craig Jones 

The project is part of a nationwide large-scale logistics investment and development strategy begun by CT in 2010, with special emphasis in the DFW Metroplex.

 "CT has made a significant investment in the greater DFW market to deliver modernized industrial space that meets the increasingly sophisticated needs of companies reliant on functional building designs," said James "Watty" Watson, managing partner at CT.

 

"We're thrilled to be delivering our latest project in the DFW Metroplex to a strong, local Dallas company with such a long and successful track record in the region."

Randy Touchstone

Craig Jones and Randy Touchstone at JLL represented CT in the transaction, while the tenant was represented by Robert Deptula and Collin Rock at Transwestern.  

 Stadium Logistics Center is strategically centered in the DFW Metroplex next to the former storied Texas Stadium and features a high visibility location along Highway 183 and immediately west of the I-35 Stemmons Freeway.

 

The building has 36-foot clearance and a front park/rear load configuration that is ideal for goods distribution and in demand by supply chain users. E-commerce sales, an already strong and growing demand driver for industrial distribution space, are estimated to grow by 18% in 2021, the highest year-over-year increase on record, according to eMarketer.

Robert Deptula

CT has approximately 20 million square feet of large-scale industrial projects in development in 10 key markets nationwide, 14 million square feet of which either has or will break ground in 2021.

 

The company has entered two new markets in Columbus, OH and Jacksonville, FL, where the firm is developing a 3.2 million-square-foot logistics center served by the most active deep-water cargo port in Florida.

 

 Collin Rock 

CONTACT:

 Stacey Hershauer 

 480-600-0195

stacey@focusaz.com

 ctrinvestors.com.

JLL Capital Markets arranges $16 million refinancing for Canopy Place multi-housing community in Jacksonville, FL

 Mona Carlton

 

MIAMI, FL, Sept. 7, 2021 – JLL Capital Markets announced today that it has arranged a $16 million refinancing for Canopy Place, a 150-unit, townhome-style multi-housing community in Jacksonville, Florida.

 JLL worked on behalf of the borrower, Beachwold Residential LLC, 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.

 Elliott Throne

Canopy Place consists exclusively of three-bedroom townhomes that feature private patios, extra storage, walk-in closets and a full suite of upgraded appliances.

The community offers a swimming pool, clubhouse and children’s play area. Beachwold has implemented a renovation project that included exterior painting, interior flooring replacements and roof, air conditioning and foundation repairs.

 Located at 11050 Harts Rd., Canopy Place is near Interstates 95 and 295, providing easy access to the area’s amenities.

 Additionally, residents have access to public transportation close to the property. Nearby amenities include Regal Cinemas 14, River City Market Place, Highlands Shopping Center, UF Health North, Ray Greene Park and a variety of local and national restaurants and retail.

C.W. Early

The JLL Capital Markets debt team that represented the borrower was led by Senior Managing Directors Elliott Throne, Mona Carlton and C.W. Early, Vice President David Lott and Associate Kenny Cutler.

 “This financing produced a substantial cash-out at an extremely attractive floating rate, all while allowing for prepayment flexibility,” said Throne.

“This loan structure is one of the many benefits of Freddie Mac financing and allowed the borrower to be rewarded for their continued success since acquiring the asset.”

David Lott

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform.

The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

Kenny Cutler

 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 and advisory, debt advisory, equity advisory or a recapitalization.

The firm has more than 3,000 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,

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

 

RAAM Construction Completes $29 Million, 74-Unit Senior Housing Development in La Puente, CA

Arboleda Apartments, a 71,499 square-foot,
 74-Unit Affordable Senior Housing
 Development in La Puente, CA

  La Puente, Calif., (August 30, 2021) – RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has completed the construction of an affordable senior housing development at 1040 North Unruh Avenue in La Puente, California for $29 million.

The 71,499 square-foot property, Arboleda Apartments, consists of 74 apartment units in two conjoined four-story wood-frame buildings in La Puente, a low-income area where budget-friendly housing for seniors is scarce, according to Richard Lara, President and CEO of RAAM Construction.

“The need for affordable housing has grown in recent years due to rising home prices and an overall housing shortage, and the COVID-19 pandemic has exacerbated that need immensely,” says Lara.

Richard Lara

“La Puente is a city with strong demand for affordable rentable units, and Arboleda Apartments will greatly serve the local community by providing brand-new residential units for seniors who could not otherwise afford housing in the area.”

RAAM worked closely with Meta Housing Corporation, a developer of affordable housing communities for families and seniors, along with AMJ Construction Management Inc. and Y&M Architects, to deliver the new residences for qualified low-income seniors in the La Puente market.

“This project demonstrates once again that we are committed, along with our long-time partner Meta Housing, to meeting existing and projected housing needs throughout California in both the short and long term,” says Lara.

 CONTACTS:

Katie Haga / Lexi Astfalk

Brower Group

khaga@brower-group.com

(949) 438-6262

www.raamconstruction.com.