Wednesday, February 9, 2022

Daum Commercial Directs $86 Million Acquisition of Two Industrial Buildings Totaling 208.180 SF in San Francisco Bay Area

 Jordan Lara

 FREMONT, CA – DAUM Commercial Real Estate Services has directed the acquisition of two fully-leased industrial properties totaling 208,180 square feet in the San Francisco East Bay submarket of Fremont, California, on behalf of the buyer, CenterPoint Properties.

 This acquisition is part of CenterPoint’s continued strategic expansion of its Bay Area footprint, according to Jordan Lara, Executive Vice President and Principal at DAUM and member of Lara Team, who represented the buyer in the transaction.

 “We have formed a deep relationship with our client over several years, which has allowed us to be a trusted partner in identifying, evaluating, and negotiating strategic additions to their industrial investment portfolio,” explains Lara.

 “This off-market transaction was a true collaboration between CenterPoint, the seller, and Lara Team.”

 The asset’s attractive features include a warehouse with 28’ clear height and fully-secured site. The property is located at 41099 Boyce Road in Fremont, California, 94538.

 CONTACTS:-

Arleeny Escarcega / Elisabeth Manville  
The Smart Agency, Inc.
(949) 438-6262 
aescarcega@thesmartagency.com 

www.daumcommercial.com.

 

Stos Partners Kicks Off 2022 With $27.5 Million Sale of Industrial Building in Phoenix Metro Area

 

CJ Stos
TOLLESON, AZ – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has sold a 227,000 square-foot, single-tenant industrial property in the Phoenix Metro area submarket of Tolleson, Arizona, for $27.5 million. 

 This sale comes on the heels of a record year for the firm. Stos acquired 11 properties last year totaling $221 million and sold five assets totaling $112 million, bringing the firm’s total transaction volume in 2021 to more than $330 million.

 According to CJ Stos, Principal at Stos Partners, the firm originally acquired the Tolleson property in December 2020 for $16.35 million, marking its entrance into the Arizona market.

 “We were able to successfully translate our proven industrial investment strategy, which we’ve enacted throughout Southern California, to the Phoenix market, resulting in a nearly 70% increase in value over the approximately 1-year hold,” says Stos.

  “We had been monitoring the Arizona market for several years and officially made the decision to expand our holdings into the area with this acquisition.

Jay Boyle

 "Although we were bullish when it came to this investment from the start, the property outperformed our expectations and we ultimately sold ahead of the business plan based on market demand.”

 The firm initially secured the asset in an off-market, all-cash transaction based on existing relationships and ability to close in less than 30 days to meet an accelerated timeline, notes Jay Boyle, Executive Vice President at Stos Partners.

 “Due to our reputation in the market and strong capitalization, we were able to purchase this property for a competitive price and execute our ownership strategy,” explains Boyle.

 “During escrow at the end of 2020, we secured a new lease with the existing tenant for an additional five-year term, which maintained cashflow and further positioned the asset for long-term success.”

 Jason Richards

Jason Richards, Partner at Stos Partners, adds: “We strategically identified Tolleson as a submarket that offers large distribution and manufacturing tenants a prime infill location within the growing Phoenix metro, where we will continue to seek opportunities amidst Arizona’s pro-business economy and robust labor supply.”

 The property was built in two phases in 2005 and in 2016. It features 32’ clear height, dock-high loading doors, and variety of high-quality amenities.

 The building is located at 10300 W. Buckeye in Tolleson, Arizona. The asset was sold to an undisclosed institutional buyer.

CONTACTS:-


 Tess Hezlep / Katie Haga
The Smart Agency, Inc.
(949) 438-6262

thezlep@thesmartagency.com
  

 www.stospartners.com.

 

Roger Soderstrom Jr. Ranked Among Top 2.5% of Orlando, FL Real Estate Producers

Roger Soderstrom, Jr.
 

 ORLANDO, FL -- Broker Roger Soderstrom, Jr. of Downtown Orlando’s Stirling International Real Estate was ranked among the “Top 250 Agents in Greater Orlando” by Orlando Real Producers.

The ranking was based on 2021 local market sales volume within the region’s seven counties. 

Soderstrom closed on more than $20 million in residential and commercial sales last year, mostly in downtown Orlando.

         Downtown Orlando's Central Business District

A third-generation Realtor, Soderstrom grew up in Orlando and has witnessed the sensational growth of the city over the years. 

 As a long-time resident of Downtown Orlando, he is keenly familiar with the exciting and vibrant market.  His story and others with similar accolades will be featured in an upcoming issue of the Orlando Real Producers magazine.  

Chart prepared by Orlando Real Producers

 Along with the monthly publication, Orlando Real Producers hosts events throughout the year to promote a fellowship among top real estate agents and service providers providing a platform to connect and support growth.  

 The publishing company will host a celebration for all the distinguished honorees headlined, “A Toast to the Top 500 Agents of 2021” on Thursday, March 3 at downtown Orlando’s Citrus Club.   

   For more information, please visit

 https://www.orlandorealproducers.com . 

CONTACTS:-

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

Beth Payan, Larry Vershel Communications,

 407-461-3781 beth@larryVershel.com

 

JLL adds cost segregation, led by Anthony Vu, to growing list of valuation advisory services

 

Anthony Vu

CHICAGO, IL, Feb. 9, 2022 – JLL announced today that it has added cost segregation analysis services to its Valuation Advisory offerings.

 The new service is led by the Renewable Energy team and will enable its infrastructure and renewable energy clients, as well as owners of traditional commercial real estate, to maximize their tax benefits.


Jessica Anuvattanachai 

“The U.S. government allows accelerating depreciation for certain building assets, and cost segregation plays a vital role for the client,” said Vice President Anthony Vu, who was brought on to build out this service line.

 

 “By componentizing a client’s building and applying advanced tax rules and regulations, they can improve their cash flow and reduce their tax burden.”


Mike Bammel

Vu and his team report to Mike Bammel, National Practice Lead for JLL Valuation Advisory’s Renewable Energy business.


 Joining Vu are Senior Associates Jessica Anuvattanachai and Chis Cheah, who are cost segregation specialists. The team plans to add more cost segregation engineers and specialists by the end of the year.


Chis Cheah

“We are very excited to build this practice and have brought an experienced team who are very knowledgeable on what is eligible property,” Bammel said.

 

“Under Anthony’s leadership, the team will identify those assets and support the findings to help avoid risk.” 

 

CONTACT:-


 Kimberly Steele

PR, Capital Markets, 

Agency Leasing 

and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com 

 

JLL Capital Markets leads $26 million sales effort for historic Hardware Block, a brick and timber office property in Denver, CO

Hardware Block, a 54,125-square-foot,
 boutique office building in Denver’s
 Lower Downtown (LoDo) District.
 

DENVER, CO – JLL Capital Markets closed the $25.8 million sale of Hardware Block, a 54,125-square-foot, boutique office building in Denver’s Lower Downtown (LoDo) District.

 JLL represented the seller, Unico Properties, and procured the buyer, Asana Partners. Additionally, Asana Partners has engaged JLL Property Management to handle management of the property.

Hilary Barnett

 Originally built in 1895, Hardware Block is a brick and timber building offering four stories of creative office space with exposed timber beams, 12-16’ ceiling heights and operable windows to maximize natural light and fresh air.

 In addition, the property has an elevator-served subterranean parking garage, which is a unique feature for buildings of this vintage. Hardware Blocks is fully leased to two tenants.

Mark Katz

Hardware Block is positioned at 1515 – 1527 Wazee in LoDo, the submarket that has maintained the highest levels of leasing activity in Denver’s central business district. 

LoDo is anchored by Denver’s Union Station and provides a wide variety of restaurants, boutique hotels and residential developments alongside marquee destinations such as Coors Field, Dairy Block and Market Station.

 Peter Merrion

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Mark Katz, Managing Director Peter Merrion and Senior Director Hilary Barnett.

 "Hardware Block is one of Denver's finest examples of historic brick & timber buildings and was well received by the market,” Merrion noted. “The purchaser is very excited to add this property to their unique Denver portfolio".

 CONTACT:-

 Kristen Murphy

Senior Manager

 Public Relations, Investor Services

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

unicoprop.com.

asanapartners.com.

 

5th Annual California Lodging Investment Conference [CLIC] Announces Final Speakers and Additional Sponsors & Exhibitors for 2022 Event on March 10 at JW Marriott Anaheim Resort, Anaheim, CA

Craig Sullivan

 ANAHEIM, CA, Feb. 9, 2022—Officials of the California Lodging Investment Conference [CLIC], the only hospitality conference focused on the California hotel market, today released its final slate of speakers and updated its sponsor and exhibitor lists. 

Scheduled for March 10 at the JW Marriott Anaheim Resort, the one-day event is expected to draw approximately 300 attendees, including representatives from 11 brands, six lenders and other third-party hotel professionals.

Vanessa Mange

 “Prior to this update, we already were more than pleased with our existing roster of speakers and panelists,” said Craig Sullivan, founder and president, [CLIC]. 

“We have since added expert speakers from Virgin Hotels, Prospera Hotels, Kay Lang + Associates, Twenty Four Seven Hotels, the Latino Hotel Association and JMBM. 

Allie Hope

Groups as varied as the International Hospitality Institute to Sonesta continue to sign on as sponsors as well.  With this stellar line-up, we expect this to be one of our most informative and useful conference to-date.”

 New Speakers include:

·         Mike Castro, SVP, Franchise Sales and Development Select Service Brands – US and Canada at Sonesta Hotels

  • Vanessa Mange, Director of Acquisitions & Development, West Coast and Latin America at Virgin Hotels
  • Allie Hope, Virgin Hotels
  • Ajesh Patel, President and Chief Executive Officer of Prospera Hotels, Inc.
  • Swati Valbh-Patel, Senior Vice President of Development and Design of Prospera Hotels, Inc.
  • Ron Kim, Chief Operating Officer of Prospera Hotels, Inc.
  • Kay Lang, President and CEO of Kay Lang + Associates
  • David Sudeck, Partner at Jeffer Mangels Butler & Mitchell, LLP
  • Ryan Mazelli, Managing Director, Commercial of Ygrene Energy Fund
  • Gary Gray, Chief Investment Officer of Twenty Four Seven Hotels
  • Lynette Montoya, CEO of the Latino Hotel Association

 

Kay Lang

 New Sponsors include:

 

  • International Hospitality Institute
  • Sonesta
  • Twenty Four Seven Hotels

 

New Exhibitors include:

 

  • G6
  • Beddingo
  • HR Construction Group
  • Kohost
  • Corning Optical Communications

 

Lynette Montoya

The newly announced groups join such industry luminaries as Suzanne Mellon, senior managing director/practice leader, HVS; Jenny Redlin, founder and principal, Partner Engineering and Science, Inc.; Jackie Collins, senior director, Arthur J. Gallagher’s Real Estate and Hospitality Division; and Glenn Haussman, president, Rouse Media. 

Suzanne Mellon

Discussion topics will include hotel brands, an overview of the California hotel market, hotel development, hotel lending and hotel investment opportunities.  The conference also will announce Deal of the Year and Lifetime Achievement Award recipients.

Jenny Redlin

About [CLIC]

 The California Lodging Investment Conference is the nation’s only hospitality conference focused exclusively on the California hotel market. 

Jackie Collins

Now celebrating its 5th year, the day-long event draws some of the industry’s largest and most well-known owners, operators, brands and hospitality-related experts in the world. 

 

CONTACT:-

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com