JLL Capital Markets arranges $54 million loan for Beachwold Residential’s The Grove at South Shore in Riverview, FL

 Mona Carlton

 

 TAMPA, FL, Dec. 6, 2021 – JLL Capital Markets has arranged a $53.77 million refinancing for The Grove at South Shore, a 340-unit, garden-style apartment community in Riverview, Florida.

 JLL worked on behalf of the borrower, Beachwold Residential, LLC., to originate the seven-year, non-recourse loan through Freddie Mac.

The Grove at South Shore apartments, Riverview, FL

 The Grove at South Shore is comprised of one-, two-, three- and four-bedroom units averaging 1,142 square feet and featuring brushed nickel fixtures, energy-efficient appliances and oversized closets.

Elliott Throne

The community amenities offer tenants a fitness center, business center, grill area, laundry facilities, picnic area, playground and swimming pool.

 The Grove at South Shore is located just 18 miles southeast of downtown Tampa.

 It is directly across from St. Joseph’s Hospital, a major BayCare Health System hospital, and it is within two miles of 1.1 million square feet of retail, including Walmart, Sam’s Club, Aldi and Publix-anchored shopping centers.

Other nearby employment drivers include South Bay Hospital and Tampa Regional Industrial Park. 

Kenny Cutler 

The community is two miles from an on-ramp for Interstate 75, one of the nation’s major north-south interstates, connecting Miami and the west coast of Florida all the way to Michigan. I-75 also provides access to I-4, central Florida’s primary east-west artery.

 The Capital Markets Debt Advisory team representing the borrower included Senior Managing Directors Elliott Throne and Mona Carlton, Associate Kenny Cutler and Analyst Karim Khaiboullin.

 “Since their acquisition in 2014, Beachwold has done an amazing job of renovating/repositioning the asset while the market has continued to experience major macroeconomic growth,” stated Throne.

Karim Khaiboullin

 “This interest-only loan refinance provides a great return of capital for their successful efforts along with years of durable cash flow that will only further enhance their future returns.”

 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 advisory and disposition services with access to thousands of domestic and foreign investors.

 CONTACT:

Jenna Sharp

 JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Dresdner Robin Completes Work on 21,700-Square-Foot Veterans’ Housing Complex in Jersey City, NJ

 

Debra Tantleff

JERSEY CITY, NJ – New Jersey-based land-use consultancy Dresdner Robin announced the firm has completed civil engineering, landscape and lighting design services for a veterans’ housing complex at 526 Ocean Avenue in Jersey City, which officially opened on November 30.

 The 21,700-square-foot low- and moderate-income housing facility includes 20 units reserved for veterans, with some earmarked for homeless individuals who served. 

The four-story building also includes 1,500-square-feet of ground-floor commercial space for social support services.

Mark Vizzini

The project was approved by the Jersey City Planning Board in 2017 following Dresdner Robin’s engineering design analysis and expert testimony regarding site planning and design.

 Dresdner Robin secured municipal entitlements and necessary regulatory land-use permits, and provided plan construction drawings and construction administration services.

"It's been a pleasure to work with Dresdner Robin throughout the development of this project," says Debra Tantleff, founder Tantum Real Estate.

Attending recent groundbreaking were, from left: Assemblywoman Angela V. McKnight; Sandra Garcia, development associate, Tantum; Debra Tantleff, founding principal, Tantum; Jersey City Mayor Fulop; State Senator Sandra Cunningham; Congressman Donald M. Payne, Jr.; Assemblyman Raj Mukerjhi; Jersey City Council President Joyce Watterman. Photo courtesy Antenna.

 "It's very gratifying to work with companies like theirs, who not only care about their craft but also the communities that they work in."

“This is an excellent addition to the city, and it’s fulfilling to have the opportunity to provide our services on a project like this,” said Dresdner Robin’s Mark Vizzini, the associated director of land development, who also served as project manager.

“The facility’s amenities will go far beyond just housing. It will provide counseling and support to our local veterans, and strengthen the Jersey City community as a whole.”

 

 CONTACT:

Alexa Cangialosi

alexa@violetpr.com)

www.dresdnerrobin.com

 

KAI Design Hires Charles Keefer as Senior Project Manager in St. Louis, MO

Charles Keefer

 

St. Louis, MO, Dec. 6, 2021 -- KAI Design is pleased to announce the hiring of Charles Keefer, AIA, NCARB as a Senior Project Manager at its St. Louis office.   With more than 20 years of experience in both architecture and project management, Keefer has been exposed throughout his career to a wide range of projects, clients, environments and challenges. Brad Simmons Charles has quickly proven to be a wonderful addition to our KAI Architecture and Engineering practice,” said KAI Managing Partner Brad Simmons, FAIA.  “He is an experienced business leader with a passion for design excellence. Charles’s past experience brings a diverse design portfolio, geographic knowledge and skilled project management. His cultural fit is outstanding and we are enthusiastic about his impact at KAI.”   Keefer has a Master of Business Administration from the University of Charleston in West Virginia and a Bachelor of Architecture from Virginia Tech.  Contact: Jennifer Beidle 314-607-9459 jennifer@jbeidlepr.com www.kai-db.com.

Prestigious Greenhill Towers in Addison, TX Celebrates Pivotal Year and Continued Success

Greenhill Towers, Addison, TX

 

 Addison, TX –- Navigating the effects of a pandemic while maintaining extraordinary customer service has kept Greenhill Towers as one of Dallas’ most sought-after properties for Class A office space.

This success has been evidenced by the momentum in leasing for the Codina Partners-owned and Crescent Properties-managed building.

2021 saw high-profile leases such as:

 American Trailer World (ATW)

• Henderson Rogers
• American Federation for Children
• B-29 Investments, LP
• AMI Media Services

• Warren Resources
• David E. Mitchell Enterprises, Inc. (Mitchell Enterprises)

Pramod Raju

"We could not be more pleased with our decision to move into Greenhill Towers," said Pramod Raju, ATW's CFO.

"It is important for us to improve the overall employee experience by upgrading our space, increasing on-site amenities, improving the office location and getting our employees together into one building.

"With the addition of the health measures taken at Greenhill Towers, our decision was made with confidence.”

Jonathan Jones

Recognized as one of the best in the industry every year since 2018, Greenhill Towers has earned regional honors for The Outstanding Building of the Year Award (TOBY).

This award is granted by the Building Owners & Managers Association (BOMA) and is the highest achievement for any commercial real estate building in the United States, giving Greenhill Towers a competitive edge.

 “To maintain award-winning practices throughout a substantially difficult year exemplifies our commitment to excellence,” says Jonathan Jones, Senior Property Manager of Crescent Property Services LLC.

“Our on-site amenities and services include car detailing, Tide cleaning, complimentary shoe shining and more for tenants’ complete convenience. We also partner with Alvéole for local bee preservation.”

Dr. Michael Gao

A notable feat that garnered a Platinum Certification from Haven Diagnostics is the Codina Partners Healthy Building Initiative.

COVID-19 preventative technology, such as MERV 13 filters and NanoSeptic self-cleaning surfaces, were implemented to address and protect customers from the risk of in-office transmission.

The rigorous health and safety plan effectively reduces the risk of transmission by 83% at Greenhill Towers.

Addison, TX

According to Dr. Michael Gao at Haven Diagnostics, the Healthy Building Initiative puts Greenhill Towers in the top 5% in the nation for the percent reduction of indirect COVID-19 exposure.

 "As tenants think about office space, health is the number one concern they may have. Crescent Real Estate and Codina Partners are at the forefront of health and wellness buildings and took such measures to fulfill the healthy buildings initiative at Greenhill Towers [in Addison]," said Gao. 

"Designation as Haven Platinum exemplifies how buildings should be operated and managed."

 The Crescent Management team also celebrates being recognized ten times by the National Commercial Real Estate Customer Service Award for Excellence, or the “A List” Award, from CEL & Associates, Inc.

 CONTACT:

Jonathan Jones

CP Greenhill LLC

972.392.0660

 

https://www.greenhilltowers.com/.