Seefried Properties and Clarion Partners Acquire Land and Announce Plans for 969,620 Square Foot Distribution Center in Buford, GA

 

Planned Buford North Distribution Center, 
Hall County, GA

BUFORD, GA – Seefried Properties, a national real estate firm specializing in the development, leasing and management of industrial properties, along with capital partner and leading real estate investment manager Clarion Partners, LLC., have recently acquired an 80-acre site for the development of a 969,620-square-foot Class A logistics center known as Buford North Distribution Center. 

Doug Smith

Located in the dynamic northeast Atlanta submarket along Interstate 985 in Hall County, GA., construction on the first phase of development is expected to begin in August 2022 with completion during the fourth quarter of 2023.

 Buford North Distribution Center will include 969,620-square-feet of logistics space across three buildings featuring flexible designs to accommodate multiple tenants with varying size requirements.

Joseph Kriss

Phase two of the project is scheduled to begin construction in the third quarter of 2023 and will include 434,320-square-feet of space across two buildings. 

Features of all three buildings will include 185’ deep concrete exterior truck courts, 36’ clear heights, ample parking, and ESFR sprinklers.

 “Seefried and Clarion Partners are very excited about this new project in Northeast Atlanta,” said Doug Smith, Senior Vice President of Seefried. 

“The location of Buford North at Interstate 985 and Friendship Road is square in the middle of one of the most desired locations for businesses and distributors in metro Atlanta and the Southeast.”

Tripp Ausband

The Civil Engineer on the project is Eberly & Associates; the Architect is Atlas Architecture.  Leasing efforts for the project will be led by the Seefried leasing team comprised of Joseph Kriss, Tripp Ausband and Doug Smith.

 Buford North Distribution Center is located approximately 40 miles northeast of Atlanta.  The location will afford tenants easy access to I-85 as well as Metro Atlanta and other nearby states. 

CONTACTS: 

Barbara Bennett
Marketing Coordinator

T: (520) 661-9641

E: bbennett@seefriedproperties.com

 

Doug Smith

Senior Vice President

T: (678) 904-1919

E: doug@seefriedproperties.com

clarionpartners.com.

www.seefriedproperties.com 

 

 

JLL Capital Markets closes $41million sale of Lincoln Place, an ALDI-anchored retail property in Fairview, IL

  

Amy Sands 

CHICAGO, IL – JLL Capital Markets has closed the $40.75 million sale of Lincoln Place, a 272,060-square-foot regional shopping center anchored by ALDI and Total Wine & More in the St. Louis-area community of Fairview, Illinois.

 JLL represented the seller, Acadia Realty Trust. Jenel Real Estate acquired the asset.

 The JLL Retail Capital Markets Investment Sales Advisory team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder.

 Clinton Mitchell

Visited by approximately 5.14 million visitors over the past 12 months, Lincoln Place is 95 percent leased to a solid lineup of best-in-class anchor tenants, including ALDI, Kohl’s, Shoe Carnival, Ross Dress for Less, Old Navy and the only Marshalls, Total Wine & More and Five Below locations within a 20-mile radius.

The center is rounded out by popular retailers such as Carter’s, Longhorn Steakhouse, Nothing Bundt Cakes, St. Louis Bread Company, GameStop and Pizza Hut.

Michael Nieder

The property also benefits from a category-leading Lowe’s shadow anchor and Chick-fil-A drive through, both of which drive traffic to the property.

 Lincoln Place is at 6165 North Illinois St. at a “main and main” retail location in Fairview across the river from downtown St. Louis.

The center is just off and visible from the I-64 Expressway, which is a main throughfare with 90,000 vehicles a day. This high barrier-to-entry location serves an expansive trade area that includes 500,000 residents.

Lincoln Place Shopping Center, Fairview, IL

 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.

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

 .

CONTACT:

 Kimberly Steele

JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

acadiarealty.com

 

JLL Capital Markets handles $19 million sale of Rivertowne Square shopping center in Deerfield Beach, FL

Kim Flores

 

 MIAMI, FL – JLL Capital has closed the $18.75 million sale of Rivertowne Square, a 145,502-square-foot shopping center anchored by Winn-Dixie and Bealls Outlet in the South Florida community of Deerfield Beach.

 JLL marketed the asset on behalf of the seller, RPT Realty. South Florida-based JBL Asset Management acquired the center unencumbered of existing debt.

Eric Williams

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “Grocery-anchored retail centers along Federal Highway between Palm Beach County and Miami-Dade County rarely trade,” Williams said.

“Rivertowne Square represented the opportunity to acquire a well-located center on an infill 13-acre site with quality in-place tenancy and embedded value enhancement and/or future redevelopment potential, which was highly attractive to investors.”

Danny Finkle

 Anchored by Winn-Dixie and Bealls, the 91.9-pecent-leased Rivertowne Square is also home to a diverse tenant roster that includes Hard Exercise Works, Nail Face Spa, Katz Louise, Brutus Barbershop, Painting with a Twist, Belissimo and Perfect Hair Designs.

Additionally, the property has two included outparcels fully leased to Buffalo Wild Wings and Tijuana Taxi Co.

Rivertowne Square, Deerfield Beach, FL

 Rivertowne Square is positioned on 13.04 acres at the high-traffic intersection of North Federal Highway and SE 10th Street, which sees more than 72,000 vehicles per day.

This location is in an infill area of Deerfield Beach, an affluent community in the eastern part of Broward County that is bordered by Boca Raton and Pompano Beach.

This rapidly densifying area is already home to 108,014 residents within a three-mile radius with a buying power of $2.6 billion.

 CONTACT:

 Kimberly Steele

JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

JLL Capital Markets closes $12 million sale of Pier 4 Retail, a luxury-oriented ground-floor residential condominium in Boston’s Seaport neighborhood

 

 

Kellie Coveney 

BOSTON, MA – JLL Capital Markets has closed the $12 million sale of Pier 4 Retail, a 16,134-square-foot urban retail condominium leased to two full-service restaurants in Boston’s vibrant Seaport neighborhood.

 JLL advised the seller, Tishman Speyer Properties.

The JLL Retail Capital Markets team advising the seller was led by Senior Managing Director Chris Angelone, Managing Director Nat Heald, Director Kellie Coveney and Director Zach Nitsche.

Chris Angelone

Completed in 2019, Pier 4 Retail is a trophy retail property leased on a long-term basis to two high-volume, chef-inspired restaurants, Nautilus and Woods Hill at Pier 4.

These popular restaurants performed exceptionally well during the pandemic and have a built-in customer base from The Residences at Pier 4, a LEED gold, 100-percent occupied luxury condominium building with 106 residential units situated above the restaurants. 

Nat Heald

Pier 4 Retail is at 300 Pier 4 Blvd. in the heart of the Seaport District, which embodies the 24-hour urban lifestyle.

Already stamped as having Boston’s highest concentration of tier-one amenities, the Seaport has quickly become Boston's "it" neighborhood, serving as a popular destination for exciting eateries, retailers, hotels and major employers alike.

Zach Nitsche

The prominence of Boston’s Seaport continues to evolve as new developments and “tenant in-migration” fuel its rapid growth.

Over the past several years, more than 12 million square feet of commercial space has been developed with over 3.3 million square feet under construction.

Additionally, the district is home to nearly 4,000 multi-housing units with more than 1,300 under construction and over 4,000 hotel rooms.

Pier 4 Retail, a 16,134-SF urban retail
 condominium, Seaport neighborhood,
 Boston, MA

The Seaport is emerging as one of the nation’s top destinations for life sciences and, once built out, will be the nation’s second largest concentration of life science space.

 The area also caters to an affluent population earning an average annual income of $220,000 within a 0.5-mile radius.

 Investors have shown renewed interest in prime urban retail, and, according to JLL Research’s recently released Food & Beverage Report, consumers are also hungry for novel and fun experiences when they dine out, and chef-driven cuisine is attracting diners.

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

 CONTACT:

 Kimberly Steele

JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

JLL Capital Markets brokers $20 million loan for fully leased industrial facility in Peabody, MA

 

Amy Lousararian

 BOSTON, MA – JLL Capital Markets has arranged  $20.36 million in acquisition financing for a fully leased, 157,293-square-foot industrial building at 1 Second St. in the northern Boston suburb of Peabody, Massachusetts.

 JLL worked on behalf of the borrower, a partnership between Oliver Street Capital and Bain Capital Real Estate, to place the seven-year, fixed-rate, non-recourse loan with Metro Credit Union.

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

 Brett Paulsrud

 Constructed in 1986, 1 Second St. is home to two tenants, Wakefield Moving Storage, a residential and commercial moving company that operates its headquarters from the property, and Paradigm Precision, which provides complex machining, fabrications and assemblies primarily for gas turbine engines.

The building offers its tenants 24-foot clear heights, 17 tailboard docks, one drive-in door and ample parking.

 CONTACT:

 Kimberly Steele

JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

Aston Rose Sports + Entertainment Real Estate Firm celebrates launch of their Florida Offices with a celeb filled exclusive party.

Tomi Rose

 MIAMI, FL -- To celebrate the launch, Aston Rose Sports + Entertainment Real Estate Firm hosted a special invite-only event at the Sales Center for E11even Residences (1018 N. Miami Ave.), the forthcoming ultra-luxury residential development in Downtown Miami.

 

"As we continue to expand across Miami, Fort Lauderdale, Homestead, Boca Raton, Tampa, Naples, and Orlando, we are thrilled to officially launch Aston Rose Florida,” said Aston Rose founder and president Tomi Rose.

  “Due to the numerous professional athletes, musicians, celebrities, and high-net-worth individuals that call Miami home, it was an obvious choice for our second location. We’re excited to serve the South Florida community.”

From left: Lisa Leslie, Tomi Rose, Rod Watson and Rob Hite

 

Guests sipped on premium rosé wine by esteemed boutique wine purveyor Bodvár Rosés while savoring bites from World Famous House of Mac at the event held in late May. 

 Ace Hood  and wife Shelah Marie

They also enjoyed a virtual metaverse experience, courtesy of event sponsor Waldorf Astoria Residences, another ultra-luxury residential tower that will soon break ground in Downtown Miami.

Jason “PooBear” Boyd and wife Ashley

Notable guests included Grammy-winning singer, songwriter, and producer Jason “PooBear” Boyd and his wife, Ashley; WNBA superstar Lisa Leslie; rapper Ace Hood and his wife, Shelah Marie; NFL Hall-of-Famer Edgerrin James; former NFL player Tommy Weilbacher; NFL free agent Sage Lewis and so many more.

  

CONTACTS:

Marilyn Lopez | Marilyn@TAGCollective.com  | 917.209.9514

Sophie Bronsil| Sophie@TAGCollective.com | 646.946.3211

Breanna Gomez Senior Account Executive
t: 212-951-0043 e: Breanna@TAGCollective.com

 Photos by Aston Rose