JLL Capital Markets arranges $9 million acquisition financing for 136 Fuller Road industrial warehouse in Albany, NY

 

Amy Lousararian

BOSTON, MA –– JLL Capital Markets  has arranged $8.984 million in acquisition financing for 136 Fuller Road, a 266,412-square-foot industrial warehouse in Albany, New York.

 JLL worked on behalf of the borrower, Vermont-based Redstone, in securing the 10-year, fixed-rate loan through Capital Bank.

The JLL Capital Markets team representing the borrower was led by Senior Director Amy Lousararian.

 “We have been very active acquiring industrial properties in the Capital Region with 4 transactions totaling over 550,000 square feet of space in the last year,” said Redstone Associate Myles Frendel.

Myles Frendel

“The 136 Fuller Road property was a great opportunity for us to build on our recent successes in the region while working alongside our financing partners in JLL and Capital Bank.

"We are actively seeking additional acquisition and development opportunities with industrial, student housing, hospitality and retail focuses on this market.”

 The property is occupied by two tenants. Evergreen (formerly UltrePET) occupies the majority of the space and is one of the nation’s largest plastic (PET) recyclers.

 The other tenant is MerchNow, LLC (formerly Equal Vision Records), an online music merchandise provider that uses the building for screen printing and a general warehouse.

136 Fuller Road, a 266,412-square-foot
industrial warehouse in Albany, NY

136 Fuller Road features clear heights of up to 18.5 feet, four drive-in bays, 15 loading docks and 89 surface parking spaces with 30 trailer storage spaces. Additionally, the building contains roughly 10,000 square feet of office build-out.

 136 Fuller Road is positioned immediately off exit 2 on Interstate 90 and provides access to the Interstates 87 and 90 interchange.

Additionally, the property is within five miles of Albany International Airport and is near the Port of Albany and the Port of Coeymans as well as bus and rail services.

As a result, tenants can easily reach domestic and international markets, including New York City, Boston, Montreal and more.

 CONTACT:

Cierra Lacasse

JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

 

Two Dynamic Brokers at Stirling International Real Estate Have Sold and Leased 330,000 Square Feet of the Total Square Footage in The Plaza Twin Office Towers at downtown Orlando, FL Since 2020

 

The Plaza office towers,
Orange Avenue and Church Street
downtown Orlando, FL

ORLANDO, FL – Two brokers with Stirling International Real Estate sold and leased more than 330,000  square feet or 82 percent of  the total square footage in The Plaza – downtown Orlando’s iconic twin office towers on Orange Avenue at the corner of Church St. –  when most of the nation was working from home.  

John Kurtz

John Kurtz, CCIM and Stirling Managing Broker Roger Soderstrom, Jr. said they aggressively sought investors who have been gradually pulling out of the stock market to buy commercial properties as a hedge against rapidly rising inflation.

The Plaza, which is comprised of two office towers with approximately 400,000 square feet, a residential condominium tower, and a ground-floor retail area that includes a movie theater, was built in 2006 and 2007

               Roger Soderstrom Jr.

.Working out of their high-tech onsite sales and leasing office at 121 S. Orange Ave. in Suite 1470 during the past two years, the Stirling team has sold 31 office condominiums comprising over 200,000 square feet and valued at $44 Million;  completed 33 lease agreements for over 120,000 square feet and valued at more than $12 Million; and they currently have 12,000 square feet in sales pending, valued at $3 Million.

Night time in Downtown Orlando, FL

Soderstrom and Kurtz were selling agents for The Plaza’s north and south tower penthouses, each with more than 10,000 square feet of office space and an accompanying 10,000 square foot sky terrace on the south tower’s 21^st floor, distinguishing them both as very skilled in marketing and sales within the Orlando area’s upscale office and penthouse market.

 

CONTACTS:

Roger Soderstrom Jr., Stirling International Real Estate, 407-617-2830 or roger@stirlingint.com.

John Kurtz, CCIM Stirling International Real Estate or 407-250-1000 or JKurtz@StirlingIRE.com.

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

 

Two multi-housing communities in the Atlanta-MSA trade for $257.54 million

 

 

Amalia Londono 

 

 ATLANTA, GA, Oct. 27, 2022 – JLL Capital Markets announced today that it has closed the $162.54 million acquisition of and the $104.90 million dollar financing for Abberly Skye, as well as the $95.0 million acquisition of and the $61.40 million financing for Abberly Onyx.

405 unit Abberly Skye, Decatur, GA

Both Abberly Skye and Abberly Onyx are five-story, wrap-style apartment communities located within the Atlanta MSA in Decatur, Georgia.

250 unit Abberly Onyx, Decatur, GA

JLL represented the buyer, HHHunt, in these transactions, and secured the floating-rate, bridge loan financing on behalf of the new owner. Northwood Ravin was the seller for both transactions.

 Matthew Lawton

The 405-unit Abberly Skye (formerly known as Scott Crossing) was developed in 2020, and the 250-unit Abberly Onyx (formerly known as Point on Scott) was developed in 2017.

 

Both properties offer studio, one-, two- and three-bedroom options and feature state-of-the-art community amenities, including, fitness centers, pools, golf simulators, saunas, dog parks, lounge areas outdoor courtyards and more.

 

Abberly Skye is situated at 2550 Blackmon Dr., and Abberly Onxy is located at 2532 N. Decatur Rd. The properties are both set seven miles from Midtown Atlanta, nine miles from Buckhead and eight miles from downtown Atlanta.

Vic Ciancetta

The JLL Capital Markets Investment Sales team that represented the buyer was led by Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono and Nick Brown, and the Debt Advisory team that arranged the financing was led by Travis Anderson.

 

“It has been a pleasure working with the entire HHHunt Team on these unique assignments to redeploy significant capital on a strategic basis, building on the already solid foundation that HHHunt has built over many decades,” said Lawton.

 John Weber

“The team truly offers a vertically integrated platform that is best-in-class.”

 

JLL was exclusively retained by HHHunt this year to represent them on an exclusive buy-side representation for a large capital placement of a 1031 transaction, where they sold a significant asset in the Southeast to strategically redeploy into strong, long-term growth markets in the Sunbelt.

 

  There will be a total of five, Class A multi-housing assets acquired in Nashville, Atlanta and Charlotte. HHHunt intends to continue to acquire assets on a strategic basis going forward.

Bill Shippen

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 and sales 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.

Nick Brown

 

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

About HHHunt

Since 1966, HHHunt has grown into a diversified leader in real estate development throughout the Mid-Atlantic and Southeast.

ts four business areas, HHHunt Apartment Living, HHHunt Communities, HHHunt Homes, and HHHunt Properties Development are recognized leaders in their sectors with communities in Virginia, Maryland, North Carolina, South Carolina and now Georgia and Tennessee.

Travis
Anderson

HHHunt improves the lives of thousands of people by being a trusted partner in every phase and stage of their lives. Because at HHHunt, it’s how you live that matters.

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, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022.

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

 

CONTACT:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

www.hhhunt.com.   

JLL adds key hire Jennifer Hara to Clean Energy and Infrastructure practice

 

 Jennifer Hara

WASHINGTON, DC, Oct. 27, 2022 – JLL announced today that it has hired Jennifer Hara as a Vice President for its Clean Energy and Infrastructure Advisory team.

 In this role, she will play a key part in expanding JLL’s public-private partnership (P3) business and managing transportation and energy engagements. 

 Hara brings with her more than 15 years of experience with project development and financing and has extensive knowledge of working with various sources of financing for large-scale, capital-intensive projects such as export credit agencies, multilateral agencies and commercial banks.

Josephine Tucker

Prior to joining JLL, Hara was a brand director with Access Intelligence and Director of P3 Services at the Institute for Public-Private Partnerships, a Tetra Tech Company.

 She also spent the beginning of her career at Taylor-DeJongh, a boutique international project finance advisory firm. 

 “Jennifer's commitment to the advancement of public-private partnerships and all categories of U.S. infrastructure has been unwavering over her career,” said Managing Director Josephine Tucker, Head of Clean Energy and Infrastructure Advisory, JLL.

 “We are ecstatic to bring her onto the clean energy and infrastructure advisory team, where she will undoubtedly make an extraordinary impact for the company and our clients.”

 

CONTACT:

 Kimberly Steele

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Ware Malcomb promotes Fernando Navarro to Studio Manager, Site Supervision, Mexico City office

 

Fernando Navarro 

MEXICO CITY, MEXICO, Oct. 27, 2022 – Ware Malcomb, an award-winning international design firm, today announced that Fernando Navarro has been promoted to Studio Manager, Site Supervision, in the firm’s Mexico City office.

In his role, Navarro will oversee the growth and expansion of the firms Site Supervision team.  

Navarro has more than 20 years of experience in speculative, industrial, logistics and manufacturing projects, and, since joining Ware Malcomb, has significantly expanded the firm’s client and product type.

 He joined Ware Malcomb in 2018 to lead the firm’s Site Supervision services in Mexico City.

 Navarro has built a team of more than 15 site supervisors throughout Mexico while serving as a technical resource for all Mexico City staff. 

Andres Galvis

“Fernando has significantly expanded our client and product type, more than tripling our business, and his thoroughness has built significant levels of trust with our clients throughout Mexico,” said Andres Galvis, Principal, Ware Malcomb.

“His positive attitude and integrity are greatly appreciated, and we look forward to his continued leadership as he expands our services in the years to come.”

Navarro holds a bachelor’s degree in Architecture from Instituto Technolôgico de Monterrey. He also holds a Development of Management skills diploma and Building High Performance Team diploma from Instituto Technolôgico de Monterrey.

 CONTACTS:

 Rachel Devany

VP Public Relations

KCOMM for Ware Malcomb

rachel@kcomm.com

 Maria Rodgers, Director, PR & Communications, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

 

Cuningham Appoints Sandi Najera as Chief Operating Officer

 

 

Sandi Najera

Cuningham, a national design firm, is pleased to announce the appointment of Sandi Najera as the firm’s Chief Operating Officer (COO).

 Najera will oversee the alignment of Cuningham’s business plan, fiscal functions, and overall strategic vision, while streamlining business operations in a way that fosters growth and continues to build on Cuningham’s position as an industry leading design firm.

 Jacqueline Dompe

“We are excited to have Sandi join the Cuningham team,” Chief Executive Officer Jacqueline Dompe says. “Her insightful approach to operational leadership will be instrumental in executing the firm’s short- and long-term performance goals.

"Most importantly, Sandi’s personal commitment to curiosity and excellence within her teams is a natural fit with Cuningham’s culture and values.”

 Najera has more than 30 years of experience, including over 15 years of management experience within the Architecture/Engineering/Construction (AEC) industry. During this time, she has earned a reputation as a progressive leader who thrives on elevating those around her.

Juan M. Perez

Cuningham Director of Architectural Design Juan Perez praises Najera’s talents as a high-growth strategist and her track record of taking businesses to the next level by fostering team cohesion.

 Previously, Najera has held operational leadership roles for a variety of companies, including global fortune 200 companies AECOM, and JLL, where she served as the organization’s Senior Vice President for its West Region Business Operations.

 

Contact: 

Katie Haga

The Smart Agency, Inc.

khaga@thesmartagency.com

 

 

OAK Attracts Renowned Retailers, Hotel, Multi-family Residential Partner, and Lender in Oklahoma City, OK

 

Katy Slade

OKLAHOMA CITY. OK – OKC-area native Ryan McNeill of Veritas Development today announced major project updates for OAK, the 20-acre mixed-use community coming to 5101 North Pennsylvania Avenue, just south of Nichols Hills in Oklahoma City.  

Ryan McNeill
(Photo courtesy The Oklahoman)

An unequaled retail, residential and hospitality experience is taking shape at OAK with acclaimed, first-to-market brands RH, Arhaus and Capital Grille.

 

OAK will also include a 132-key boutique hotel in partnership with Dallas-based Gatehouse Capital and 320 multifamily homes developed with Mintwood Real Estate. 

Nick Venghaus

 Local retailers and restaurants will play an integral role in the leasing plan across the initial and ensuing phases.

 

“We have been preparing the site for development and securing the right partners to deliver a best-in-class, mixed-use experience to Oklahoma City,” said McNeill.

Jeremy Sain

“With activated greenspace, miles of neighborhood-connected sidewalks, rooftop dining experiences, vibrant restaurant patios and unique storefronts, OAK will be a walkable destination unlike any other commercial development in Oklahoma.”

 

Attracting first-to-market retailers and restaurants 

 

RH – a curator of design, taste and style in the luxury lifestyle market offering one of the largest fully integrated assortments of home furnishings, lighting, textiles and décor in the world – will open its first Design Gallery in the region.

 

 At 42,000 square-feet, this destination will feature a  Rooftop Restaurant and Garden, Wine Bar, in-house Interior Design Firm, and expansive spaces devoted to the brand’s concepts. 

 

Arhaus, a premium home furnishing brand known for its globally inspired, artisan-crafted furniture and decor, will construct a 17,000 square-foot space as a showcase for its heirloom quality products and complimentary home design services.

 

Upscale steakhouse Capital Grille will open its first location in Oklahoma. The restaurant will occupy a 10,000-square-foot space at the corner of North Pennsylvania and the Northwest Expressway.

 

Everett Dobson

Introducing a new hotel experience to the market

 

Additional details about the unique hospitality offering at OAK will be announced later this fall.

 

Creating an exceptional living experience

 

Veritas engaged luxury multi-family housing developer Mintwood Real Estate to create a first-of-its-kind, redefining multi-family development for Oklahoma City, with amenity-rich housing for professionals seeking a walkable urban lifestyle.  

 

OAK’s 320 units will have curated interior finishes, including quartz countertops, walk-in closets, and powder baths. 

Michael Nagy 

 The building amenities include a first-class fitness center featuring a kid’s playroom, private work and conference rooms, an entertainment suite featuring a golf simulator and shared kitchen, a resort-style pool, and elevated courtyards. 

 

“We’re excited to be a partner on this transformational project for Oklahoma City and the region,” says Mintwood’s Co-founder and Principal Nick Venghaus. 

 

 “Veritas has thoughtfully studied the key components of best-in-class developments around the nation and assembled a team that knows how to deliver excellence.” 

Chris Speciale

“We are creating a vibrant, mixed-use neighborhood with luxury housing options to meet the growing demand to live in dynamic districts within Oklahoma City,” said Mintwood’s Co-founder and Principal Katy Slade.

 

Construction Commencement

Project site work began during the summer and vertical construction is scheduled to start in the first quarter of 2023.  

 

Veritas secured its construction loan from Bank OZK in September.  JLL Capital Markets sourced the financing and acted as advisor to the development team, led by Senior Managing Director Jeremy Sain.

 

McNeill is joined by Everett Dobson and the Dobson family as partners in the multi-phase project.

 

To learn more, please visit oakokc.com and follow the project on Facebook, Twitter and Instagram.

 

. 

Open Realty

 

Michael Nagy and Chris Speciale with Open Realty advise on the retail leasing assignment for OAK.

 

Contacts: 

 

Michael Nagy - michael.nagy@openra.com

Chris Speciale - chris.speciale@openra.com

The Wilbert Group

Amanda Cross, Fellow

www.thewilbertgroup.com

m: 770-313-0440

www.oakokc.com

www.mintwoodre.com.  

www.ozk.com.

www.ozk.com.