RKW RESIDENTIAL Adds Over 2,800 Apartments to Growing Portfolio in Asheville, NC and Huntsville, AL Markets

 

Marcie Williams

Charlotte, NC -- RKW Residential, one of the nation’s fastest-growing multifamily management firms, expanded its portfolio with 13 new community assignments totaling more than 2,800 apartments.

The assignments include RKW’s first communities under management in Asheville, North Carolina and Huntsville, Alabama.

In Asheville, RKW is overseeing leasing and management of McCall Capital’s Enclave Piney Mountain, a brand-new luxury community.

In Madison, Alabama, which is just west of Huntsville, RKW was retained by i3 Interests to lease and manage the newly constructed Highfield Madison community.

RKW’s recent expansion also includes five new assignments from existing client Bluerock Real Estate: Galleria Village, Greylyn Estates and Harrison Trace Apartments in Charlotte, Wayford at Concord in Concord, North Carolina and Glenwood at Grant Park in Atlanta.

 

Other new assignments include:

 

• LM Sandler & Sons Inc.’s The Lorrel in North Myrtle Beach, South Carolina and The NinetyNine in Raleigh, North Carolina
• Existing client Spectrum Properties’ Wellen community in Charlotte
• Zach Tran-led Diamondback Investment Group’s The Point at Caldwell Station in Huntersville, North Carolina
• Armada Hoffler’s Chronicle Mill, a unique adaptive re-use project in which a Belmont, North Carolina textile mill is being reimagined with apartments and shops
• Cherner Development’s 511 Queens in Charlotte

 

“Asheville and Huntsville are two markets experiencing incredible growth and development activity,” RKW CEO Marcie Williams said.

 “It is exciting to debut in both areas with a pair of stunning new apartment communities. We are also thrilled to significantly expand our presence throughout the Carolinas.”

 

Founded just eight years ago, RKW is one of the multifamily industry’s most compelling entrepreneurial success stories in recent memory.

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

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

 

 

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Eric Kalis

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ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

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JLL Capital Markets arranges $63 million financing for the development of Phase I of Logistics 16 at Ottawa Farms in Savannah, GA

 

Melissa Rose

 

ATLANTA, GA – JLL Capital Markets has arranged $62.83 million in construction financing for the development of Phase I of Logistics 16 at Ottawa Farms, a three-building, Class A industrial facility totaling 1,007,800 square feet in Savannah, Georgia.

Michael DiCosimo

JLL worked on behalf of the borrower, McCraney Property Company, to secure the three-year construction financing.

The JLL Capital Markets team representing the borrower was led by Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.

 The entire project will comprise nine buildings totaling over 4.5 million square feet of Class A industrial space.

Mateo Bolivar

The first phase of the project consists of three front-load buildings and will feature 225 loading doors of various sizes, 185’ deep truck courts, 330 car spaces and 305 trailer spaces.

 Phase I of Logistics 16 at Ottawa Farms is located on an 85.6-acre site at 702 Bloomingdale Road. The property has strong expressway access to the Port of Savannah, the Savannah/Hilton Head International Airport and Interstates 16 and 95.

 

 Port of Savannah

The site is within four-hours of major Southeast markets, including Atlanta, Orlando and Charlotte.

 The Port of Savannah is a core economic driver in this market, with a record 5.76 million TEUs processed at the port in 2022, an 8% increase over 2021 figures.

By 2030, the port is projected to have over 9 million TEUs of capacity driven by over $2.5 billion of public investment through the Georgia Ports Authority.

 This level of activity and investment will continue to cement this submarket as one of the strongest industrial clusters in the nation.

 

 

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

 

 

CONTACT:

Cierra Lacasse, JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

JLL Capital Markets closes sale of the University of Missouri's The Wylder student housing community in Columbia, MO

Teddy Leatherman

 

 DALLAS, TX – JLL Capital Markets  has closed the sale of The Wylder, a 172-unit / 656-bed student housing community near the University of Missouri in Columbia, Missouri. The price was not disclosed.

 JLL worked on behalf of the seller, Trimont Real Estate Advisors. Tailwind Group acquired the asset.

Stewart Hayes

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

Built in 1989 and renovated in 2000, The Wylder features fully furnished two- and four-bedroom units with black appliances, washers and dryers, faux wood flooring, double vanities and vaulted ceilings. Community amenities include a swimming pool, a study room, a computer room, a fitness center, a basketball and tennis court, a volleyball court and a bonfire area.

 

 Scott Clifton

Situated at 301 Campusview Dr., the property is positioned adjacent to Highway 163, one of Columbia’s main north-south thoroughfares that leads directly to campus.

 Located approximately 1.7 miles south of campus, students have convenient access to all the university’s retail, restaurant and entertainment attractions.

The community is well-positioned to attend the Mizzou Tigers’ state-of-the-art Memorial Stadium via S. Providence Road.

 Additionally, residents are proximate outdoor recreation with the nearby Corporate Lake and Hinkson Creek Trail.

Henry Voges

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:

 

 Jenna Sharp, JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL’s Hotels & Hospitality Group closes sales of the Marriott-branded Fairfield Inn hotels in Woburn, MA and Portsmouth, NH

Emily Zhang

 

 BOSTON, MA – JLL’s Hotels & Hospitality Group announ has closed the sale of two Marriott-branded, select-service hotels in New England.

 

The hotels include Fairfield Inn Boston Woburn/Burlington in Woburn, Massachusetts and Fairfield Inn Portsmouth Seacoast in Portsmouth, New Hampshire.The sales prices were not disclosed.

 

JLL marketed the property on behalf of the seller, a joint venture of funds managed by Contrarian Capital Management and Waramaug Hospitality. The hotels were offered unencumbered by management.

 Alan Suzuki

The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Alan Suzuki, Director Matthew Enright and Analysts Emily Zhang and Miranda Guajardo.

 

Fairfield Inn Boston Woburn/Burlington (126 keys) and Fairfield Inn Portsmouth Seacoast (102 keys) both underwent significant renovations in 2015 and 2016.

 

Both hotels offer a standard mix of traditional guest rooms, complimentary breakfast, a business center, fitness center, seasonal outdoor pool and sundry store, as well as free on-site parking.

 

Fairfield Inn Boston Woburn/Burlington is located 10 miles northwest of Boston at the intersection of Interstate 95/Route 128 and I-93.

Fairfield Inn Boston Woburn/Burlington, Woburn, MA

In addition, Logan International Airport is located 20 minutes from the property, which is also near the Anderson/Woburn station serviced by the MBTA Lowell Line Commuter Rail and the MBTA Route 134 bus.

 

 Aside from being a short distance from the attractions offered in downtown Boston, the hotel is in the business district of Woburn near local attractions such as the Lexington Battle Green, Horn Pond Reservation, Forest Park and Shaker Glenn.

 

Fairfield Inn Portsmouth Seacoast is 50 miles north of Boston and is proximate to I-95 and U.S. Route 1.

 Matthew Enright

The hotel is centrally located just minutes from Pease International Tradeport, Liberty Mutual and the Portsmouth Naval Shipyard.

 

Additionally, the property is proximate to the city’s waterfront, Portsmouth Music Hall, 3S Artspace, Prescott Park, the Kittery Mall Outlets and more.

 

The city is often featured on various “best places to live lists” and has been named by Forbes Traveler as one of America’s Prettiest Towns.

 

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

 

 

CONTACT:

 

Cierra Lacasse

JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

 

JLL Capital Markets closes sale-leaseback of Quirch Foods facilities in Miami, FL and Hammond, LA

 

 Max La Cava

 

MIAMI, Sept. 13, 2022 – JLL Capital Markets announced today that it has closed the sale-leaseback of two mission-critical cold storage facilities totaling 262,904 square feet in Miami, Florida and Hammond (New Orleans MSA), Louisiana.

Miami, FL cold storage on  15 acres
at 7600 NW 82^nd place 

JLL represented the seller, Quirch Foods, in the sale to an undisclosed third party. Quirch Foods occupies both facilities. The price was not disclosed.

Brian Shanfeld

The first property, which is located on 15 acres at 7600 NW 82^nd place in Miami, totals 178,428 square feet.

 

 The Miami facility has excellent access to Florida’s Turnpike, US-27, and State Road 826 (the Palmetto Expressway), and is proximate to Miami International Airport and the Port of Miami.

 

Situated on 19.4 acres at 11502 Scariano Lane in Hammond, the second building totals 84,476 square feet.

Jason Dewitt

The facility is located near the intersection of Interstates 12 and 55 and has efficient access to several Gulf Coast ports.

 

The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.

 

“Cold storage industrial remains a heavily in-demand asset class among investors," La Cava.

Luis Castillo

"Moreover, long-term leased product provides investors with attractive yields and surety of cash flow.

 

 "Despite broader market volatility that occurred over the summer, JLL saw a remarkable level of interest from an array of investors that aggressively pursued the opportunity.

 

 “The transaction achieved the dual-mandate of allowing Quirch Foods to unlock significant capital, while maintaining operational control of two mission-critical distribution centers.”

 

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

Steven Okon

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:

 

Cierra Lacasse

JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

 

Blackton, Inc. Named Preferred Vendor for New Homes by D.R. Horton at its Huntington Ridge Development Coming to Ocala, FL

Michael “Micky” Blackton

 

 Leesburg, FL and Ocala, FL  --- Blackton, Inc., one of Florida’s oldest and largest suppliers of materials to the homebuilding industry, recently earned a contract from D.R. Horton’s West Central Florida division to supply flooring materials for Huntington Ridge. 

 The new community of single-family homes will be starting construction soon in Ocala. 

Michael “Micky” Blackton, chairman, said his firm’s Leesburg facility will service and supply Huntington Ridge with an estimated $600,000 worth of high-end flooring for the construction of 115 planned single-family homes ranging from 1,672 to 3,561 square feet.

Blackton said their third location established in the heart of Leesburg better serves new and longtime clients, who build in Alachua, Lake, Marion, Sumter and Citrus counties, with a better turnaround time.

“Our Leesburg team has been doing phenomenal job,” he said.

 

Blackton has been supplying D.R. Horton with building materials for more than 40 years.  

The family-owned business headquartered north of downtown Orlando, has been supplying the homebuilding industry from Jacksonville to Tampa for six decades.   

 

Construction on models is underway and sales begin this fall at the new community located on S.W. 72^nd Terrace Road and S.W. Highway 484. 

 

 

CONTACTS:

Michael “Micky” Blackton, Chairman, Blackton Inc. 

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications, Inc. 

407-461-3781 Beth@larryvershel.com