JLL Capital Markets brokers sale of fully leased, 18-property medical office portfolio in Texas and Kansas

Mindy Berman 

 

 DALLAS, TX, Mar. 30, 2022 – JLL Capital Markets has closed the sale of an 18-property medical office portfolio totaling 762,780 square feet in Texas and Kansas.

The properties are directly aligned with partnerships between Ardent Health Services, a leading healthcare provider, and two market-leading academic health systems, The University of Texas Health Science Center at Tyler and The University of Kansas Health System.

 Brian Bacharach

JLL marketed the properties on behalf of the seller, Ardent Health Services. The portfolio was acquired by a healthcare-focused real estate investment trust.

 The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Brian Bacharach and Mindy Berman and Vice President Vasili Davos.

Vasili Davos

 The medical office portfolio consists of:

·         Continental Medical Building, 631 SW Horne St., Topeka, Kansas

·         Mulvane Medical Plaza, 634 SW Mulvane St., Topeka, Kansas

·         UT Health East Texas Hope Center, 721 Clinic Dr., Tyler, Texas

·         Olympic Plaza Tower, 700 Olympic Plaza, Tyler, Texas

·         UT Health Rehabilitation Center, 701 Olympic Plaza, Tyler, Texas

·         East Lake Professional Building, 1100 E. Lake, Tyler, Texas

·         Lake Palestine, 18118 FM 344 W, Flint, Texas

·         Medical Plaza I, 117 Medical Circle, Athens, Texas

·         Medical Plaza II, 115 Medical Circle, Athens, Texas

·         Athens Cancer Institute, 1801 S. Palestine, Athens, Texas

·         Lakeland Medical Associates, 170 Municipal Dr., Gun Barrell City, Texas

·         UT Health Cedar Creek Lake, 100 Municipal Dr., Gun Barrell City, Texas

                             Medical office portfolio

·         Jacksonville Medical Plaza, 203 Nacogdoches, Jacksonville, Texas

·         UT Health East Texas Rehabilitation Clinic – Jacksonville, 414 S. Main St., Jacksonville, Texas

·         UT Health East Texas Physicians Rusk, 1325 N. Dickinson Dr., Rusk, Texas

·         UT Health East Texas Rehabilitation Clinic – Mineola, 1616 N. Pacific St., Mineola, Texas

·         UT Health East Texas Olympic Center Pittsburg, 2801 US Hwy 271 N, Pittsburg, Texas

 Contacts: 

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

Local Builder Supplier Blackton Awarded Project at Minto’s Latitude Margaritaville in Daytona Beach, FL

Michael 'Micky' Blackton

 Daytona Beach, FL  --  Blackton, Inc., one of Central Florida’s largest and most active suppliers of roofing and flooring materials to the homebuilding industry, recently received a contract from Minto Communities to supply the Latitude Margaritaville community in Daytona Beach, FL

 Michael “Micky” Blackton, CEO  said his company, working out of their new Holly Hill location, will provide flooring for 416 paired cottage homes by the builder-developer. 

“The team at our new Holly Hill location led by Manager Michael Walmer will provide the prompt service this community needs to accommodate the season of homebuyers that started this spring and anticipated to escalate throughout the summer.”

Blackton said flooring work valued at an estimated $3.5 million will begin immediately  at the 55+ community located at 2400 LPGA Boulevard in the heart of Daytona Beach.

Blackton, Inc., headquartered north of downtown Orlando, with branch operations in Holly Hill and Leesburg, is a family-owned operation that has been supplying the homebuilding industry from Jacksonville to Tampa for more than six decades.

Minto Communities, with more than 40 years of experience developing award-winning master-planned communities in Canada and the US, has built homes for over 30,000 families. 

Contact: :

Michael “Micky” Blackton, Chairman, Blackton Inc. 407-898-2661 Micky@Blacktoninc.com

Beth Payan, Larry Vershel Communications 407-461-3781 beth@larryvershel.com 

 

 

JLL arranges $543 million in financing for the $596.6 million 10 World Trade project in Boston’s Seaport district

 10 World Trade is located
 in the heart of Boston’s Seaport District
 and across from the city’s largest convention center

 

BOSTON, MA,  Mar. 29, 2022 – JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 square feet of life sciences, office and retail space in the heart of Boston’s Seaport District.

Molly Heath

JLL worked on behalf of the borrower/developer team, led by Boston Global Investors, to secure a $382.5 million construction loan through a life insurance company lender.

JLL also arranged approx. $160 million in joint venture equity from PGIM Real Estate (“PGIM”) and Wheelock Street Capital (“WSC”) for the development.

Anthony Cutone

The JLL Capital Markets team representing the borrower was led by Managing Director Anthony Cutone and Senior Director Andrew Gray.

 JLL’s Brokerage team of Managing Director Barry Hynes, Senior Managing Director Molly Heath, Managing Director Ben Heller, Managing Director Patrick Nugent and Senior Managing Director Don Domoretsky has been retained to lease the project.

 “Over the past decade, Boston’s Seaport District has emerged as city’s premier commercial and residential neighborhood,” Cutone said.

“10 World Trade is one of the last remaining development sites and BGI’s vision for the project is truly outstanding.”

Andrew Gray

 10 World Trade began sitework in first quarter 2022 and is anticipated to be delivered in fourth quarter 2024.

Designed by the award-winning architects at Sasaki, the iconic tower will incorporate flexibility, well being, sustainability and technology, which are the new benchmarks of development in a post-pandemic world.

The “smart building ready” design allows the building to quickly adapt to a rapidly changing global environment and synthesize data to address health and safety issues within the building at all times.

 The 17-story tower will house life science and office uses on floors 3-17, while the ground floor will be home to a dramatic two-story public atrium with a 45-foot domed ceiling, a food hall, and a garden lounge surrounded by an operable glass façade.

Barry Hynes

10 World Trade will offer a best-in-class amenity package throughout the tower, including a 300-meter indoor jogging track on the top floor providing 360-degree views of the Boston skyline within a 15,000-square-foot fitness center.

 Located in the heart of Boston’s Seaport District and across from the city’s largest convention center, 10 World Trade has direct frontage along Congress St. and World Trade Center Ave. and is within walking distance of numerous local and national retailers, restaurants, hotels, luxury residential and entertainment offerings.

The transit-oriented tower also has direct access to the Massachusetts Turnpike (I-90), which provides a direct connection to Boston’s Logan International Airport as well as Interstate 93.

Ben Heller

In addition, the project is served by the MBTA Silver Line providing a quick ride into Boston’s Financial District, South Station and Logan Airport.

 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.

 

Patrick Nugent 

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

 About Boston Global Investors

Boston Global Investors (BGI) is a leading real estate development and consulting firm headquartered in Boston, Massachusetts. 

 Led by John B. Hynes III and a team of experienced real estate professionals, BGI has over 30 years of experience developing commercial, residential, and mixed-use projects, from landmark towers to city-scale development. 

For more information, please visit: bginvestors.com.

 

 Don Domoretsky 

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. 

JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce more than 98,000 as of December 31, 2021. 

For further information, please visit jll.com.

 Contact: 

Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

Three Partners Join Seyfarth’s Growing Platform on the East Coast

 

Christy Kiely

ATLANTA, GA, March 28, 2022 -- Seyfarth announced today the arrival of three partners to its East Coast presence.

 

 In New York, Immigration partner Jacob Cherry joins the firm’s premier Labor & Employment department and Seth Liebenstein joins Seyfarth’s world-class Real Estate team.

Jacob D. Cherry

Christy Kiely joins Seyfarth’s Labor & Employment department and People Analytics practice group in Washington, DC.

 

“Jacob and Seth are tremendous lawyers who bring excellent client service to their respective practices," the co-managing partners of Seyfarth’s New York office, Lorie Almon and John Napoli, said in a joint statement.

 

"We continue to grow our New York office with talent who meet our clients’ needs, be they related to human capital or complex financial transactions.”

Seth A. Liebenstein

Cherry and Liebenstein are the latest additions to Seyfarth’s growing New York office which added 39 attorneys in 2021, including five new partners.

 “As demand grows nationwide for people analytics, Christy’s addition makes an immediate impact here in DC and across the country," said Christa Dommers, managing partner of the firm’s Washington, DC office.

 

"She is a trusted advisor and

leading thought leader in this growing area of labor and employment law.”

 

Cherry, Liebenstein, and Kiely are the latest partners to join Seyfarth’s global platform. Earlier this year, the firm added Kamran Mirrafati (Labor & Employment - Los Angeles), Paul Haswell (International - Hong Kong), Meghan Douris (Litigation - Seattle), Ashley Sherwood (Litigation - Seattle), and Jamie Rich (Labor & Employment - San Francisco).

Lorie E. Almon

About the New Partners:

• Jacob Cherry joins Seyfarth from Ogletree Deakins where he was a member of its Immigration practice group in New York. Joining Cherry in his move to the firm is senior counsel Andrea Davis in Charlotte.

• 

  John P. Napoli

  Cherry provides comprehensive business immigration and worksite compliance representation to global companies, with a focus on supporting the cross-border movement of employees working in the technology, life sciences, and financial services sectors.
• He serves as an advisor to clients on the development and execution of strategic and compliant immigration program management.
  
  Cherry earned his J.D. from the University of Maryland Francis King Carey School of Law and his B.A. in International Studies from Emory University.

• 

  Christa L. Dommers
  
  

  Davis provides a full menu of sophisticated employment-based immigration services.
• She regularly counsels employers on immigration compliance, regulation, and leads large client portfolio work.

Meghan Douris

• Davis earned a J.D. from the University of North Carolina, a M.A. from San Jose State University, and a B.A. from the University of California, Berkeley.
• Seth Liebenstein joins Seyfarth from Blank Rome where he was a member of its Real Estate team in New York.

Ashley J. Sherwood

•  Liebenstein guides property owners and developers nationwide on financing, acquisitions, and restructuring, among many other complex areas of transactional real estate law.
• His clients comprise nearly every sector of the commercial real estate industry, including single-family, retail, and condominiums/cooperatives.
        
• Liebenstein earned his J.D. from Brooklyn Law School and his B.A. from Binghamton University.

• 

  Kamran Mirrafati

  Christy Kiely joins Seyfarth from Hunton Andrews Kurth where she was a member of its Labor and Employment team in Richmond, VA.
•  
• Kiely’s practice focuses on data analytics, including OFCCP audit defense, pay equity analysis, adverse impact analysis, affirmative action compliance, DE&I analysis, and reeducation in force (RIF) analysis.
•  
• She also defends businesses in employment litigation matters in front of the EEOC and at state and federal courts.
  
  Kiely earned her J.D., with honors, from Duke University School of Law and her B.A., cum laude, from The College of William & Mary.

Paul Haswell 

About Seyfarth
With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide.

 

 

 

 

CONTACT:

Martin Grego

 Director of Public Relations
(312) 460-6659

 mgrego@seyfarth.com

 

John Garger

 jgarger@rippmedia.com

 917-572-4820

 

 

 

 

 

 

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George Oliver and GO Industrial Deepen Leadership Bench with Industry Veterans

 

Nick Ray 

PHOENIX, AZ– Phoenix-based developers George Oliver and GO Industrial have completed multiple new hires and promotions, deepening the leadership bench of the sister companies to pursue millions of square feet of new construction and redevelopment in the Southwest and Western U.S. office and industrial markets.

 

Hired not long after George Oliver’s formation in 2019, Nick Ray has been promoted to Vice President, overseeing all acquisitions, asset management and property operations for George Oliver and GO Industrial.

 

 Ray previously served as a company Director, helping to manage landmark George Oliver office redevelopments such as CASA in North Phoenix, 

Jack Clarizio

Jack Clarizio has been hired as Vice President of Finance, overseeing all finance, accounting and structuring for George Oliver and GO Industrial. A 10-year industry veteran, Clarizio moves to the companies after nine years at nationally acclaimed accounting firm RSM, where he served as Tax Senior Manager.

 

Josh Schifferer has been hired as Development Manager, managing the design and construction of all GO Industrial projects.

 

Schifferer joins GO Industrial from Sun State Builders, where he served as Project Manager.

Josh Schifferer 

George Oliver and GO Industrial’s expanded leadership team is supported by Andrew Snedeker, who was hired in 2021 as Director of Development, overseeing all construction and design for the companies.

 

“It is exciting to build our team with local experts who share our same passion and ability to deliver excellence,” said George Oliver Managing Partner Curt Kremer.

 

“Particularly now, when the opportunity for growth is so exponential, this team will allow us to expand without compromising the design, amenities, comfort and technology that George Oliver and GO Industrial have become known for – the combination of which truly elevates experiential office and industrial workspaces.”

Andrew Snedeker

“We are extremely fortunate to have attracted these talented individuals in a very competitive market,” said GO Industrial Managing Partner Robert Guerena. “Our projects are growing in number, scale and complexity, and we couldn’t ask for a better team to lead the success of each deal.”

 

Ray holds a bachelor’s degree in International/Global Studies from Ohio State University and a master’s degree in Real Estate Development (MRED) from Arizona State University. He currently serves on the board of the MRED ASU Alumni Chapter.

Curt Kremer

Clarizio holds a bachelor’s degree in Finance and a master’s degree in Taxation, both from Arizona State University.

 

Schifferer holds a bachelor’s degree in Business Real Estate from Arizona State University. He is a Procore Certified Project Manager, a licensed Arizona Real Estate Salesperson and an active member of NAIOP, including serving on the organization’s Education subcommittee.

Snedeker holds a bachelor’s degree in Construction Management from Arizona State University. He is an active member of NAIOP and currently services on board of directors for Science of Sport, a non-profit dedicated to developing curriculum and programming that promotes STEM.

Robert Guerena

 

 

 CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

 

www.georgeoliver.com.

www.goindustrial.net.

 

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