Good Investment Partners acquires Boulder industrial and office portfolio financed with a $27 million loan

 

Hannah Cope

DENVER, CO – JLL Capital Markets has arranged $27 million in acquisition financing for a light industrial and office portfolio comprising six value-add properties totaling 184,462 square feet in Boulder, Colorado.

 JLL worked on behalf of the borrower, Good Investment Partners (GIP), to place the floating-rate acquisition loan with Argentic Investment Management LLC.

 Jason Carlos 

Following their acquisition, GIP plans to enhance the properties within the portfolio and provide best-in-class space for small-to-mid size companies in the market.

 Spanning a total of 13.1 acres, the portfolio is in the heart of Boulder County approximately 10 minutes from downtown. Boulder is experiencing tremendous growth with the recent entry of institutional investors attracted by an educated workforce and university that helps drive innovation and advancement.

The city is currently experiencing the largest volume of venture funding growth in the nation, which is helping to fuel the area into becoming an innovation hub.

William Haass

The buildings are all within the Gunbarrel Industrial submarket, which continues to maintain low vacancy rates and high demand, and directly off the Diagonal Highway, which connects Boulder to the maturing city of Longmont. 

 The portfolio comprises a mix of six single- and multi-tenant buildings at 6797, 6837 and 6899 Winchester Circle (Gunbarrel Technical Center) and 4695, 4697 and 4699 Nautilus Court (Twin Lakes Business Park).

Completed between 1982 and 2001, the 87.8-percent-leased portfolio offers its 23 diverse tenants cost alternative flex space that is proximate to the rapidly growing Boulder MSA

 Ryan Good

The portfolio features clear heights ranging from 13.6 to 20.5 feet slab to deck and high office finish, along with a total of 21 grade-level doors, 19 dock-high doors and ample parking.

 The JLL Capital Markets team that represented the borrower included Directors Jason Carlos and William Haass. Good Investment Partners Managing Partner Ryan Good and Vice President and Partner Hannah Cope led the transaction on behalf of GIP.

 “It is no secret that Boulder’s strong historic fundamentals have been successful in attracting tech companies and a diverse talent pool, all while offering a high quality of life,” Cope said.

 “Boulder’s continued economic growth has put it at the fore front nationally and internationally as a leader in R&D, technology, biotech, manufacturing and other mission-critical operations. 

"We’re confident this portfolio will benefit from a disproportionate share of economic growth as demand continues to outstrip supply across the industrial sector.” 

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

 CONTACT:

Kimberly Steele

PR, Capital Markets

Agency Leasing and

 Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

goodinvestmentpartners.com.

 

JLL Capital Markets completes $31 million sale-leaseback of Class A manufacturing facility in Holliston, MA to Lincoln Property Co. and Web Industries

 

Martha Nay 

 

BOSTON, MA – JLL Capital Markets closed the $31.4 million sale-leaseback of the 85,000-square-foot, state-of-the-art manufacturing facility at 220 Hopping Brook Rd. in the Boston-area suburb of Holliston, Massachusetts.  

 Michael Restivo

 JLL marketed the property on behalf of the seller, Web Industries, who executed a 10-year sale-leaseback at market rent upon sale.

The JLL Capital Markets Investment Sales Advisory team was led by Senior Director’s Michael Restivo and Martha Nay and Director Lenny Pierce, with support from JLL Brokerage’s Managing Director Neil Ross.

 “This was an excellent opportunity for Lincoln to acquire a Class A manufacturing facility, while Web Industries was able to cash in on a hot industrial market to reinvest money back into their core manufacturing business,” Restivo said.

Lenny Pierce

Lincoln Property Company, in partnership with Stockbridge, acquired the asset through a very competitive bidding process.

220 Hopping Brook Rd. was originally built by Web Industries and has been their greater Boston home for more than 20 years.

Web Industries is a 100% employee-owned company and market-leading provider of comprehensive outsource manufacturing and precision converting services in the aerospace, medical, personal and home care sectors.

Neil Ross

The building has served as a mission-critical part of the tenant’s operation, and they have invested significant capital into its transition from a traditional manufacturing facility into a GMP-ready asset with BSL-2 lab space, dry rooms, mezzanine and more.

 Positioned on 13.47 acres, 220 Hopping Brook Rd. is well located within Holliston’s premier industrial park.

This location provides easy access to both Interstates 495 and 90 and gives tenants in the park a deep bench of nearby talent from which to recruit.

 In recent years, the 495 Corridor has become a hot bed for GMP and manufacturing users, as the shift from traditional R&D demand to production has created an unprecedented amount of tenant demand requirements.

 

CONTACT:

Kimberly Steele

PR, Capital Markets

Agency Leasing and

 Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

 stockbridge.com

 LPCBoston.com

Berkadia Arranges $58.56 Million in Acquisition Financing for Apartment Villas in Orlando, FL

Rendering of The Canopy Apartment Villas, 
a 296-unit rental community in Orlando, FL

 

Mitch Sinberg

ORLANDO, FL– Berkadia announces it has arranged the acquisition financing for The Canopy Apartment Villas, a 296-unit rental community located in Orlando, Florida.

Senior Managing Director Mitch Sinberg and Managing Director Matthew Robbins of Berkadia Boca Raton and Managing Director Brad Williamson of Berkadia Miami secured a loan on behalf of the buyer, a joint venture between Taurus Investment Holdings, a global private equity real estate firm, and Aegon Asset Management, the asset management arm of Aegon N.V.

Matthew Robbins

A bank originated the $58.56 million, five-year loan.

 Earlier this year, Taurus and Aegon AM announced a four year, $600 million ESG-centric partnership aimed at acquiring value-add multifamily assets and reducing their energy consumption and carbon outputs.

Through Taurus’s energy-focused subsidiary, RENU Communities, Taurus will aim to transition The Canopy Apartment Villas to a low-carbon, energy efficient multifamily complex.

 

Brad Williamson

“Canopy Apartment Villas is exceptionally located in Orlando, close to major Florida attractions, where there is a strong demand for multifamily communities and continued population and employment growth,” said Robbins.

“Canopy will also provide investors with a unique opportunity to deliver strong returns and benefit the environment.”

 “Taurus and Aegon AM have made a commitment to building a business that delivers returns to our investors, while also positively impacting both society and the environment, so it only makes sense to partner for this substantial decarbonization venture,” said Peter Merrigan, Taurus CEO.

Peter A. Merrigan

“RENU has already proven to be a leader in addressing carbon emissions in existing buildings, and its work across this portfolio will further show our innovative ability to decarbonize properties in a way that is beneficial to all parties.”

 Built in 1981, The Canopy Apartment Villas offer one-, two- and three-bedroom apartments ranging from 826 square feet to 1,337 square feet.

 

  CONTACTS:

 Melinda Sherwood

Kreps PR,

for Berkadia Commercial Mortgage LLC
305.849.0467

msherwood@krepspr.com

 

Marian Moreno

Account Executive 

Kreps PR & Marketing   

C. 786.286.5578 

 

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