JLL Capital Markets handles $19.5 million sale of the 76,356-square-foot Grove Market at West Lake in Westlake, FL within Palm Beach County

Grove Market at Westlake

MIAMI, FL, Sept. 12, 2022 – JLL Capital Markets announced today that it has closed the $19.5 million sale of Grove Market at Westlake, a 76,356-square-foot, grocery-anchored property located in Westlake, Florida within Palm Beach County.

 JLL represented the seller and procured the buyer, Premier Developers.

 

Kim Flores

Built in 1999 and renovated in 2021, the center is 94.7% leased to a diverse mix of food and beverage, medical and service uses and is led by a recently added Winn-Dixie in their new prototype. 

Additional tenants include Napa Auto Parts, Gator Shack, Exit Realty, Il Pomodoro, Great Wall, Lox Nails and more.

Danny Finkle

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “Grocery-anchored centers in South Florida remain in high demand from investors,” said Finkle.  “The outstanding residential growth occurring in the Westlake area along with the high barriers to entry in the immediate area ensure Grove Market’s long-term success.”

 Eric Williams

Located at 5060 Seminole Pratt Whitney Rd., the property has high visibility location within Westlake, Palm Beach’s newest upscale master-planned development, and upon buildout, the community will include 4500 new homes, an entertainment-sports complex, two million square feet of commercial space and a 35-acre Wellington Regional Medical Complex. 

Additionally, the center has access to an affluent customer base with an average household income of $97,309 within three miles.

  CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets brokers $33 million sale of the 52,152-square-foot Mainstreet at Boynton retail center in Boynton Beach, FL

Kim Flores

 

 MIAMI, FL, Sept. 13, 2022 – JLL Capital Markets has closed the $33 million sale of Mainstreet at Boynton, a 52,152-square-foot, grocery-anchored retail center located in Boynton Beach, Florida.

 JLL represented the seller, a joint venture between PEBB Enterprises and Banyan Development, and procured the buyer, Carlyle Management Corp.

Danny Finkle

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “The PEBB Enterprises and Banyan Development teams delivered another high-quality, first-class grocery-anchored development in Mainstreet at Boynton that was extremely well received by the investment community and will be an excellent addition to the buyer’s portfolio,” Williams said.

 Mainstreet at Boynton, 
6405 West Boynton Beach Boulevard,
 Boynton Beach, FL

“We continue to experience outstanding demand for grocery-anchored centers throughout Florida, with an influx of new investors on nearly every transaction we have had the fortune to be a part of this year.”

Constructed in 2021/2022, Mainstreet at Boynton is currently 100% leased to a strong tenant roster that is 90.5% comprised of national tenants.

 CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets arranges $15 million sale of the 77,871-sqaure-foot Muncie Marketplace in Muncie, IN

 

 Amy Sands

 

CHICAGO, Sept. 13, 2022 – JLL Capital Markets has closed the $14.6 million sale of Muncie Marketplace, a 77,871-square-foot retail center located near Indianapolis in Muncie, Indiana.

 JLL represented the seller, AlbaneseCormier Holdings, LLC. War Chest Real Estate, LLC acquired the asset.

Clinton Mitchell

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Vice President Tim Murray.

Built in 2014, the 100-percent-occupied center is leased to seven different national tenants, including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop.

 

 Michael Nieder

Situated at 600-636 E McGalliard Rd., the property is strategically located adjacent to a high performing Target and the 636,000 square feet Muncie Mall along the McGalliard Road Retail Corridor, which serves as the primary retail nucleus for the Northeast Indianapolis consumer base. 

Tim Murray

Furthermore, many of the national retailers located along McGalliard Road do not have nearby locations, creating ideal anchor spacing that amplifies the trade area.

 Muncie Marketplace is just three miles from Ball State University, which has a total enrollment of approximately 22,500 students and 1,250 staff members.

  JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

                 Muncie Marketplace, Muncie,IN

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.

 CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets closes sale of sudent housing,The Enclave in Town and The Enclave on Old Central at Clemson University, in Clemson, SC

 

Teddy Leatherman

 DALLAS, TX, Sept. 13, 2022 -- JLL Capital Markets has closed the sale of the two-property, 382-bed / 146-unit, value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town and The Enclave on Old Central.

Financial details were not disclosed.

 JLL worked on behalf of the seller, Centerlane Capital, LLC and Burkely Communities, LLC. Pierce Education Properties acquired the asset.

Scott Clifton 

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

Built in 1998, The Enclave in Town and The Enclave on Old Central offer two- and three-bedroom units with stainless steel or white appliances, full-size washers and dryers and plank vinyl flooring.

Stewart Hayes

Community amenities include a swimming pool, a 24-hour fitness center and an on-site dog park.

 Situated at 423 Lindsay Rd. and 1146 Old Central Rd., the properties are conveniently located on the CAT Bus line.

 The communities are just a short drive from campus and approximately 0.8 miles from Highway 123, which runs east to west and gives students access to “Restaurant Row.”

The Enclave in Town

Additionally, Downtown Clemson is about 1.4 miles from the portfolio and is home to several of the college’s popular restaurants and nightlife.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

The Enclave on Old Central

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.

 CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Ware Malcomb announces construction completed on Bellevue Brewery in Bellevue, WA

 

Cindy Kang

 SEATTLE, WA, Sept. 13, 2022 – Ware Malcomb, an award-winning international design firm, today announced that construction is complete on Bellevue Brewery, located at 12190 NE District Way Bellevue, Washington 98005, in Bellevue’s Spring District.

Ware Malcomb provided interior architecture and design services for the project.

“Bellevue Brewery holds a prestigious and historic position as Bellevue’s first craft brewery. We worked closely with their team to renovate the interior design and match the brewery’s reputation,” said Cindy Kang, Director, Interior Architecture & Design for Ware Malcomb. “It’s a destination location that visitors can thoroughly enjoy.”

The 7,353 square foot new interior renovation includes a brewery, restaurant and commercial kitchen.

 

For decades since its inception, the craft beer scene bypassed Bellevue. It wasn’t until the Bellevue Brewing Company served its first batch of beer, on December 12, 2012, that Bellevue had its first locally owned craft brewery.

 

SmartCap Construction was the general contractor for the project. 

 

For more information, please visit http://www.waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.

 

 CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com 

 

Ware Malcomb Seattle

 

3015 112th Ave NE #205

Bellevue, WA 98004

P: 425.670.6706