GO Industrial Buys Land in East and West Phoenix for 1.28 Million SF of Spec Industrial

 

Spec industrial land in East and West Phoenix totals 1.28 Million SF  

 

Robert Guerena

 PHOENIX, AZ  -– Phoenix-based GO Industrial has purchased land parcels on each side of metro Phoenix for the development of more than 1.28 million square feet in two fully speculative, Class A industrial projects: GO | 99 North and GO | AZ Ave.

 

“Phoenix has demand swelling on many levels and across numerous submarkets, and we plan accordingly with projects that are diversified in location, product size and function,” said GO Industrial Managing Partner Robert Guerena.

 “Our two latest projects reflect the requirements of their own unique submarkets, with GO | 99 North targeting the global industrial users of the established West Valley and GO | AZ Ave responding to demand from the East Valley’s rapidly emerging and highly innovative middle market.”

Andy Markham

Andy Markham, Mike Haenel and Phil Haenel of Cushman and Wakefield represented GO Industrial in the GO | 99 North land acquisition. Cooper Fratt and John Werstler of CBRE represented the company in the GO | AZ Ave land buy.

 

The architect for both projects is DLR Group. General contractors have not yet been selected.

 

Representing the broad demand for Phoenix industrial space, the projects are located at Buckeye Road and 99^th Avenue in Phoenix’s West Valley, and along Arizona Avenue, near Germann Road and just south of the Loop 202 freeway in Chandler, Arizona, in Phoenix’s East Valley.

Mike Haenel

The West Valley project is GO | 99 North, a single building totaling 1.1 million square feet on 70 acres.

 

It is the continuation of GO Industrial’s 1.3-million-square-foot GO | 99 industrial project, now under development at the same intersection.

 

Together, the two projects will bring a total of 2.4 million square feet to the market.

 

The East Valley project is GO | AZ Ave, also a single building, totaling 181,655 square feet on 10 acres and representing GO Industrial’s debut in the East Valley submarket.

Phil Haenel

GO | 99 North will feature 40’ clear height, concrete truck courts, 217 trailer and 1,315 auto parking stalls.

 

It is scheduled to break ground during the third quarter of 2022. GO | AZ Ave. will feature 32’ clear height, concrete truck courts, 53 trailer and 212 auto parking stalls. It is scheduled to break ground during the second quarter of 2022.

 

Both projects will be delivered AC ready, and both land sites were purchased from private individuals for a collective price of approximately $40 million.

 

CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

 

www.GOIndustrial.net.

 

DWNTWN Realty Advisors’ Tony Arellano and Devlin Marinoff Close $11.5 Million Sale of Premier Commercial Development Site in Miami’s Wynwood

 

SOLD: Premier Commercial Development
 Site in Miami’s Wynwood District

MIAMI, FL, Feb. 28, 2022 – DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff, the premier investment sales and leasing brokers in Miami’s urban core, completed another successful property sale in Wynwood.

Tony Arellano

The duo represented the seller, Gabriele Braha Izsak’s Red Group, in the $11.5 million sale of a commercial development site at 328 NW 29th Street.

“This property is positioned within the pedestrian heart of Wynwood and at the intersection of two of the neighborhood’s most significant streets: NW 29th Street and 3^rd Avenue,” Arellano said.

 

“The use of this building as a creative space and showroom will be perfectly executed by the buyer.”

Devlin Marinoff

The property features high lofted ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including the 430-space Wynwood Parking Garage.

 

“This development site takes advantage of T6-8-O zoning, Wynwood's most liberal commercial zoning, allowing for development up to 12 stories for sweeping views of this unparalleled urban neighborhood, making it one of the best deals in Wynwood in recent years,” said Braha, Red’s President & Managing Partner.

 

The firm has participated in more than $350 million in investment and development sales in Wynwood over the last few years and has more than $175 million in pending transactions in the neighborhood.

Gabriele Braha Izsak

About DWNTWN Realty Advisors

Founded by seasoned real estate professionals Devlin Marinoff and Tony Arellano, DWNTWN Realty Advisors is a leading commercial real estate brokerage based in Miami. 

The firm’s brokers have an unparalleled depth of knowledge about the urban core neighborhoods and other markets they serve. 

DWNTWN operates with a unique territory-based approach, as each broker brings a specific product and market specialty to the firm. 

 

 

CONTACTS:

 

Eric Kalis

BoardroomPR

954-370-8999

ekalis@boardroompr.com

 

 

Hannah Colson

Senior Account Executive

 BoardroomPR

hcolson@boardroompr.com

O 954-370-8999 

C 954-258-2118

 

https://dwntwnrealtyadvisors.com/inventory.

www.dwntwnrealtyadvisors.com.

JLL Capital Markets welcomes Angela Kelcher to head affordable housing debt production team

 

Angela Kelcher 

DALLAS, TX,  Feb. 28, 2022 -- JLL Capital Markets announced today that it has welcomed Senior Managing Director Angela Kelcher to lead the national affordable housing debt production team.

 

Kelcher sits in the Dallas office and reports to Gerard Sansosti, Executive Managing Director and Debt and Loan Sales Platform Leader.

Gerard Sansosti

Focusing on growing JLL’s affordable housing business, she will provide leadership and oversight to the platform as it expands its staffing, programs and overall value creation in this critical space.

 

“JLL has a long-standing history and culture of excellence, and I am honored to join their best-in-class affordable leadership team,” Kelcher said.

 

“There has never been a more exciting time to be in the affordable housing industry, and I am thrilled for the opportunity to grow this business and create positive impact.”

 

Kelcher joins JLL after 17 years with Fannie Mae, most recently leading a team responsible for strategy and deliveries from Fannie Mae’s nationwide network of lenders.

Brian Ranallo

“Angela is among the most knowledgeable and experienced lenders in the affordable housing industry. 

"She is a creative leader, who brings a contagious energy to those around her,” said Brian Ranallo, Agency Lending Platform Leader at JLL.

 

“JLL is committed to providing capital solutions for the growing need of affordable housing – something Angela has dedicated her career to. 

We are thrilled she has decided to join JLL.”

 

“We are so excited to have Angela join us and lead JLL’s affordable team to new heights. We have worked closely with her over the past 17 years and could not have hoped for a more informed, innovative or personable individual to work with us in growing this hugely impactful business,” added C. W. Early, Affordable Housing Leader at JLL.

C. W. Early

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.

 

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

 

CONTACT:

Jenna Sharp

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

EagleBridge Capital Arranges $5.7 Million Mortgage Financing For Boston Retail Condominium

 

SOLD: 5,660-SF retail condominium
 located on Washington Street
 in Boston’s South End

Boston, MA -- EagleBridge Capital has arranged acquisition and permanent mortgage financing totaling $5,700,000 for ground floor retail condominium located on Washington Street in Boston’s South End.

 The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by two leading financial institutions.

 

Ted Sidel

The 5,660 square foot retail condominium is located on the ground floor of a 45-unit residential condominium located on Washington Street in the heart of Boston’s South End neighborhood. 

 A wide variety of restaurants and shops and residential buildings are located along Washington Street.

 

 Boston University School of Medicine

The area features walkable tree-lined streets and small parks. The Boston University School of Medicine is located nearby.

 Vehicle access to the neighborhood is provided by a number of roads and highways offering easy access to Storrow Drive, the Massachusetts Turnpike (I-90), and Interstate I-93.

Nearby Back Bay Station offers access to commuter rails and the Orange and Green subway stations.

 

 Back Bay Station

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and r & d buildings, shopping centers, hotels, condominiums and mixed-use properties as well as special purpose buildings.

  EagleBridge Capital is a member of Commercial Real Estate Capital Advisors (CRECA), a national association of independent commercial mortgage 

CONTACT:

Stanley J. Sidel

Senior Advisor

EagleBridge Capital

One Boston Place,  Suite 2600

Boston, MA 02108

Tel: 617-292-7177  Ext.12

Fax: 617-292-7575

ssidel@eaglebridgecapital.com