JLL Capital Markets closes sale of 14 SixtyFive student housing community near Kennesaw State University in Kennesaw, GA

 

Teddy Leatherman

DALLAS, TX, Aug. 30, 2022 – JLL Capital Markets has closed the sale of 14 SixtyFive, a 52-unit / 241-bed, brand-new student housing community in Kennesaw, Georgia near Kennesaw State University.

 JLL worked on behalf of the seller, Fountain Residential Partners. Nuveen Real Estate acquired the asset.

 Stewart Hayes 

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Directors Teddy Leatherman, Stewart Hayes and Scott Clifton.

The boutique-style 14 SixtyFive features fully furnished two-, three-, four- and five-bedroom units with smart televisions, memory foam queen mattresses, stainless steel appliances, wood-style plank flooring, granite countertops, private bathrooms walk-in closets and balconies.

Scott Clifton

Community amenities include study spaces on every floor, a gaming room, a 24-hour fitness center, outdoor kitchen with barbecue grills, a resort-style pool and a study lounge.

 Situated at 1465 Shiloh Road, 14 SixtyFive is conveniently located one mile north of campus and provides excellent access to nearby retail and entertainment centers.

14 SixtyFive, a 52-unit / 241-bed,
 brand-new student housing community
 near Kennesaw State University

                            in Kennesaw, GA

The community offers walkability to Shiloh Square Shopping Center and the surrounding retail, including Kroger, Starbucks and Walgreens.

Additionally, the property is positioned just off of I-75, which connects students directly to the heart of Atlanta in 35 minutes by car.

 Contact:

Jenna Sharp,

 JLL Associate, Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets arranges $38 million financing for The Glades at ChampionsGate, FL for Fortress Investment Group

 

 Alanna Ellis

 

 ORLANDO, FL,  Aug. 29, 2022 – JLL Capital Markets has arranged $37.75 million in financing for The Glades at ChampionsGates, a luxury 223-unit senior living community in the Orlando suburb of ChampionsGate, Florida.

Allison Holland 

JLL worked on behalf of the borrower, Fortress Investment Group, to secure the four-year, floating-rate non-recourse loan through MidCap Financial Services.   

 

The JLL Capital Markets team representing the borrower was led by Director Alanna Ellis, Managing Director Allison Holland with support from Associate Billy Lichtenstein and Analyst Zach Brantley.

William A. (Billy)
Lichtenstein

“We appreciated the opportunity to work with Fortress on this important financing. JLL greatly values our firm-wide relationships with Fortress and continued partnership in the growth of their Seniors portfolio," said Ellis.

 

 "We look forward to this community’s success as a great addition to Fortress’s portfolio."

 

The Glades at ChampionsGates offers independent living, assisted living and memory care units.

Zach Brantley

The property consists of one- and two-bedroom units ranging from 627 to 1,060 square feet. Community amenities include outdoor courtyards and patios, a swimming pool, movie theater, activity room, fitness center, salon, bar and bistro and casual, main and private dining rooms.

 

The property is located at 8400 Champions Gate Blvd. on 11.6 acres within the 1,500-acre master planned community of ChampionsGate, which is home to the well-known Omni Resort, high-end golf courses and numerous retail and dining venues.

 

 The Glades at ChampionsGates is situated roughly 20 miles southeast of the Orlando CBD and 60 miles northeast of Tampa, in addition, Interstate 4 is less than half a mile away providing access to the rest of the state.

The Glades at ChampionsGates,
a luxury 223-unit senior living community
in the Orlando suburb of ChampionsGate, FL

 The community benefits from the tremendous growth in population the Orlando MSA has seen in recent years, with a 5-6% annual growth rate projected through 2027 for all cohorts, along with 12.5% annual growth for the 75+ population.

 

 Additionally, the area has seen an influx of businesses and residents migrating from high cost of living markets seeking the low cost of living and taxes Florida offers. The influx of wealthier adult children is a prime demand driver of seniors in need of independent and assisted living.

 

Contact: 

 

Cierra Lacasse

JLL Associate

Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

Stan Johnson Co. Completes $49 million deal of Huntington Park, CA Target

 

 Ashley Wilhide 

 

   HUNTINGTON PARK, CA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a freestanding retail property located at 5731 Bickett Street in Huntington Park, California.

The 56,000-square-foot property is expected to be completed by developer Shane Companies in January 2023 and is fully leased to Target under a long-term triple net lease.

Jason Maier

Jason Maier of Stan Johnson Company represented the 1031 exchange buyer, a New York-based private investor, who acquired the asset for $48.7 million. Financing was provided by Principal Life.

“We know Target is extremely excited to get this site open, and we are proud to have been part of such a dynamic acquisition,” said Maier, Senior Director in Stan Johnson Company’s New York office.

“Target searched long and hard to find a site suitable to serve the community of Huntington Park.”

David Horowitz

                Shane Companies started construction on the property in June 2022. Situated on 4.1 acres south of Los Angeles, this site will boast a brand new Starbucks, Tesla charging stations and the urban format needed for Target.

“We are excited to announce this acquisition on behalf of our client. This was a very challenging transaction from the beginning, and we are sincerely appreciative of the entire development team at Shane Companies, our lender Principal Life, the mortgage broker, David Horowitz, at Cooper Horowitz, and Jonathan Margolis, the buyer’s attorney, at Morrison Cohen LLP,” added Maier.

 Jonathan Margolis

 “I would also like to give a special mention to my colleague Ashley Wilhide and the entire team at Stan Johnson Company. This was the kind of transaction that required extra attention and focus from start to finish.

"I want to personally thank each and every person involved in this transaction for their unwavering dedication and problem solving ability.”

Contact:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

 www.stanjohnsonco.com