Friday, October 28, 2022

Two Dynamic Brokers at Stirling International Real Estate Have Sold and Leased 330,000 Square Feet of the Total Square Footage in The Plaza Twin Office Towers at downtown Orlando, FL Since 2020

 

The Plaza office towers,
Orange Avenue and Church Street
downtown Orlando, FL

ORLANDO, FL – Two brokers with Stirling International Real Estate sold and leased more than 330,000  square feet or 82 percent of  the total square footage in The Plaza – downtown Orlando’s iconic twin office towers on Orange Avenue at the corner of Church St. –  when most of the nation was working from home.  

John Kurtz

John Kurtz, CCIM and Stirling Managing Broker Roger Soderstrom, Jr. said they aggressively sought investors who have been gradually pulling out of the stock market to buy commercial properties as a hedge against rapidly rising inflation.

The Plaza, which is comprised of two office towers with approximately 400,000 square feet, a residential condominium tower, and a ground-floor retail area that includes a movie theater, was built in 2006 and 2007

               Roger Soderstrom Jr.

.Working out of their high-tech onsite sales and leasing office at 121 S. Orange Ave. in Suite 1470 during the past two years, the Stirling team has sold 31 office condominiums comprising over 200,000 square feet and valued at $44 Million;  completed 33 lease agreements for over 120,000 square feet and valued at more than $12 Million; and they currently have 12,000 square feet in sales pending, valued at $3 Million.

Night time in Downtown Orlando, FL

Soderstrom and Kurtz were selling agents for The Plaza’s north and south tower penthouses, each with more than 10,000 square feet of office space and an accompanying 10,000 square foot sky terrace on the south tower’s 21st floor, distinguishing them both as very skilled in marketing and sales within the Orlando area’s upscale office and penthouse market.

 

CONTACTS:

Roger Soderstrom Jr., Stirling International Real Estate, 407-617-2830 or roger@stirlingint.com.

John Kurtz, CCIM Stirling International Real Estate or 407-250-1000 or JKurtz@StirlingIRE.com.

Beth Payan, Larry Vershel Communications, 407-461-3781 or beth@larryvershel.com.

 

Two multi-housing communities in the Atlanta-MSA trade for $257.54 million

 

 

Amalia Londono 

 

 ATLANTA, GA, Oct. 27, 2022 JLL Capital Markets announced today that it has closed the $162.54 million acquisition of and the $104.90 million dollar financing for Abberly Skye, as well as the $95.0 million acquisition of and the $61.40 million financing for Abberly Onyx.


405 unit Abberly Skye, Decatur, GA


Both Abberly Skye and Abberly Onyx are five-story, wrap-style apartment communities located within the Atlanta MSA in Decatur, Georgia.


250 unit Abberly Onyx, Decatur, GA

JLL represented the buyer, HHHunt, in these transactions, and secured the floating-rate, bridge loan financing on behalf of the new owner. Northwood Ravin was the seller for both transactions.
 Matthew Lawton

The 405-unit Abberly Skye (formerly known as Scott Crossing) was developed in 2020, and the 250-unit Abberly Onyx (formerly known as Point on Scott) was developed in 2017.

 

Both properties offer studio, one-, two- and three-bedroom options and feature state-of-the-art community amenities, including, fitness centers, pools, golf simulators, saunas, dog parks, lounge areas outdoor courtyards and more.

 

Abberly Skye is situated at 2550 Blackmon Dr., and Abberly Onxy is located at 2532 N. Decatur Rd. The properties are both set seven miles from Midtown Atlanta, nine miles from Buckhead and eight miles from downtown Atlanta.


Vic Ciancetta
The JLL Capital Markets Investment Sales team that represented the buyer was led by Matthew Lawton, Vic Ciancetta, John Weber, Bill Shippen, Amalia Londono and Nick Brown, and the Debt Advisory team that arranged the financing was led by Travis Anderson.

 

“It has been a pleasure working with the entire HHHunt Team on these unique assignments to redeploy significant capital on a strategic basis, building on the already solid foundation that HHHunt has built over many decades,” said Lawton.


 John Weber

“The team truly offers a vertically integrated platform that is best-in-class.”

 

JLL was exclusively retained by HHHunt this year to represent them on an exclusive buy-side representation for a large capital placement of a 1031 transaction, where they sold a significant asset in the Southeast to strategically redeploy into strong, long-term growth markets in the Sunbelt.

 

  There will be a total of five, Class A multi-housing assets acquired in Nashville, Atlanta and Charlotte. HHHunt intends to continue to acquire assets on a strategic basis going forward.


Bill Shippen
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 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.


Nick Brown
 

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About HHHunt

Since 1966, HHHunt has grown into a diversified leader in real estate development throughout the Mid-Atlantic and Southeast.

ts four business areas, HHHunt Apartment Living, HHHunt Communities, HHHunt Homes, and HHHunt Properties Development are recognized leaders in their sectors with communities in Virginia, Maryland, North Carolina, South Carolina and now Georgia and Tennessee.

Travis
Anderson
HHHunt improves the lives of thousands of people by being a trusted partner in every phase and stage of their lives. Because at HHHunt, it’s how you live that matters.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.

JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022.

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

 

CONTACT:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

www.hhhunt.com.