Ware Malcomb Announces Completion of Medline Distribution Center in Grayslake, IL

 

 Dawn Riegel

OAK BROOK, IL,  Jan. 31, 2023 – Ware Malcomb, an award-winning international design firm, today announced the completion of a new Medline distribution center located in Grayslake IL.

 Ware Malcomb provided architecture, interior design and branding services for the 1,426,800 square foot facility, which is estimated to be the largest medical-grade distribution center in the United States.

 The final phase of development, a 2,700 square foot office build-out within the facility was recently completed for Medline’s Sterile Procedure Trays Division. 

      “Medline’s project is a tremendous success story, as it brings new jobs to the Grayslake area and fosters a work atmosphere that embodies our client’s employee-focused culture,” said Cameron Trefry, Principal for Ware Malcomb’s Oak Brook, Chicago, Columbus and Washington D.C. offices.

In the design of the precast concrete panel structure, Medline and Ware Malcomb specifically chose the placement of their walkways and mezzanines to allow direct views of their warehouse operation.

Cameron Trefry

 

This design feature fosters client communication, an understanding of Medline’s business, all while demonstrating the speed and efficiency of its packaging and dispatch functions.

The mezzanine views within the center also showcase a unique self-contained 60,000 square foot automated storage and retrieval system (ASRS) that picks and packages items and places them onto crates, reflecting a growing trend toward automation in warehouse and fulfillment operations. 

The 1,426,800 square foot facility
 is estimated to be the largest
medical-grade distribution
center in the United States.

“We were pleased to collaborate with Medline on a facility with a variety of design innovations, making it a complement to their nearby headquarters and the premier distribution center example for their company,” said Dawn Riegel, Principal for Ware Malcomb’s Oak Brook and Chicago offices.

The new facility includes a main office area, receiving and shipping offices, temperature control room and a white box area for future expansion.

 Employee-focused amenities include uniquely branded break areas with billiards, foosball tables, specialty furniture, and collaboration space to provide a true respite.

 

The design also incorporates sleep rooms and quiet areas for workers to concentrate or unwind. By designing a space that considers all types of backgrounds and needs, Medline created an inclusive, healthy environment for its workforce.

 

As the nation’s largest privately held manufacturer and distributor of medical supplies, Medline has a commitment to sustainable operations and requires its facilities to be LEED-certified.

 

The Medline Grayslake project achieved LEED v4 BD+C certification using elements such as efficient plumbing fixtures, natural plant selections for reduced irrigation, enhanced commissioning and energy modeling of the building, on-site recycling program, construction and demolition waste management, and energy metering.

Having worked on more than 70 projects together, the Ware Malcomb and Medline teams collaborated to develop a national prototype for their distribution facilities.

 Ware Malcomb’s Corporate Accounts program spans a variety of industries including office, industrial, retail, science & technology, restaurant and education across markets. The unique program facilitates the delivery of consistent, integrated design services for clients, with both local, specialized staff and the vast companywide resources across the Americas.  

General contracting services for the project were provided by Alston Construction Company.

  

 Contacts:

      

Photography credit: Johnny McLendon Photography

 Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 

Maria Rodgers, Director, PR & Communications

 949.660.9128

mrodgers@waremalcomb.com

 

Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

 

 

waremalcomb.com

 

 http://www.waremalcomb.com/news/ 

 https://www.youtube.com/waremalcomb.

EverWest Opens New Jersey Property Management Office; Names New Director Dave Jarvis to serve company’s growing New York / New Jersey property management portfolio

 

 

 Dave Jarvis

DENVER, CO and WOODCLIFF LAKE, NJ, JAN. 31, 2023 – In light of its continued portfolio growth, EverWest Real Estate Investors (“EverWest”) has hired industry veteran Dave Jarvis as Director of Property Management overseeing New York and New Jersey, and has opened a new regional property management office in Woodcliff Lake, New Jersey.

 

The new office will support a growing property management portfolio of local EverWest industrial product and upcoming development, much of which has been acquired or initiated within the last 24 months.

 

In his role, Jarvis is responsible for directly managing EverWest’s more than 1.5 million square feet of assets and planned development in New York and New Jersey, and for providing oversight and support for an additional 1.1 million square feet across seven area investment properties managed by a third-party provider.

 

Jarvis joins a national EverWest property management division that includes seven management offices across Colorado, Houston, Los Angeles, San Francisco and now New Jersey, together managing 8.8 million square feet of space. EverWest also operates five regional offices, including one in New York City.

 

“Our goal is to self-manage our properties whenever possible,” said EverWest Senior Managing Director and Head of Property Management Mike Gagne.

Mike Gagne

“As a real estate investment firm, having our own property management professionals creates a wonderful alignment with our local asset management and acquisitions teams.

 

"This vertically integrated approach creates the best possible outcomes for our investors, and we are pleased to welcome Dave into that collaboration.”

 

Jarvis joins EverWest from Duke Realty, where he oversaw a large industrial portfolio with a combined gross asset value of $4.8 billion.

 

 Prior to this he held positions with Digital Realty, CBRE and The Hampshire Companies. Across his career, Jarvis has developed extensive experience in property management, due diligence/property onboarding, leasing, tenant relations and construction management.

 

He holds a bachelor’s degree in Mechanical Engineering from the University of Connecticut, a master’s degree in Manufacturing Engineering from Boston University, and is a Licensed Real Estate Salesperson.

 

        

 Contact:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

www.everwest.com

 

iBorrow and Oaktree expand their commercial real estate program

 

Andrew Smith

• Los Angeles, CA – iBorrow, a nationwide private direct lender for commercial real estate, announced the expansion of its partnership with funds managed by Oaktree Capital Management L.P. (“Oaktree”), and the renewal of its senior credit facility through Encina Lender Finance (“Encina”) and Webster Bank (“Webster”). 

iBorrow has been providing commercial real estate bridge loans to investors and developers since 2013, and has been partnering with Oaktree since 2021. 

The firm focuses on non-recourse real estate loans in the $3 million to $100+ million size range for borrowers that have deep expertise in the acquisition, renovation, and sale/refinance of commercial real estate assets.

Brian Laibow

"During this volatile period in the capital markets, renewing our longstanding relationship with Encina and Webster Bank is a very important step in the continued growth of iBorrow," says Andrew Smith, Partner at iBorrow.

"Access to this renewed credit facility will enable iBorrow, in partnership with Oaktree, to pursue additional financing opportunities for real estate investors across the United States and grow our loan portfolio at a time when there is heightened demand for private financing programs like ours.”

Edward Chang

Brian Laibow, Managing Director and Co-Head of North America for Oaktree's Global Opportunities strategy, adds, “We are pleased with the renewal of the senior credit facility provided by Encina Lender Finance and Webster Bank, and look forward to continuing to grow our financing relationship with iBorrow.”

Edward Chang, CEO of Encina Lender Finance, said, “Encina and Webster are grateful to renew this credit facility. We are proud to support iBorrow, who has been a pillar for funding its customers throughout market volatility.”

          

 Contacts:

      

Katie Haga

The Smart Agency, Inc.

(949) 438-6262
khaga@thesmartagency.com

 

www.websterbank.com.

https://lenderfinance.encinacapital.com.

http://www.oaktreecapital.com/.

www.iBorrow.com 

 

HEI Hotels & Resorts Principal & Chief Operating Officer Rachel Moniz Receives AHLA Paving the Way Award

Rachel Moniz

Norwalk, CT – Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, announced that Rachel Moniz, principal and chief operating officer, received the prestigious Paving the Way Award from the AHLA Foundation during its fifth annual Night of a Thousand Stars gala hosted at the 2023 Americas Lodging Investment Summit (ALIS). 

 The award recognizes a female trailblazer within the hospitality industry “who is more than a leader.  She’s also a role model in the community and a mentor who is committed to raising up those around her.  Her reach extends beyond the day-to-day and resonates through the property, industry and community.”  

Anna Blue

“Rachel is one of the rare individuals who makes an organization better not only by her own presence, but by the inspiration and devotion she instills in the people with whom she works and leads,” said Anna Blue, president, AHLA Foundation.

“Under her leadership, HEI has seen tremendous growth in the luxury, lifestyle and independent hotel spaces, received notable industry awards and significantly improved overall performance. \

"Beyond the numbers and awards, Rachel leads the HEI Women in Leadership Council. In the past three years, under Rachel's purview and with support of the senior leadership team, HEI has achieved over 25% gender parity at the GM level, and she didn't stop there. "

Along with other senior leaders, Rachel helped develop programs for diversity, equity & inclusion, associate service culture, and so much more. Personally, she has proven to be an inspiration to us all.”

“Based on her leadership, as well as the countless hours she spends mentoring others and advancing causes dear to her heart, I can think of no one more worthy than Rachel of receiving the 2023 Paving the Way award,” said Anthony Rutledge, managing partner and CEO, HEI Hotels & Resorts.

 

Anthony Rutledge

“She is a role model to all our associates, truly blazing the trail for others on all levels. We are thrilled with this huge accomplishment on her part and her on-going commitment to our teams! The HEI family is stronger and better for her presence.”

 

The AHLA Foundation’s annual Night of a Thousand Stars gala celebrates the hotel industry’s most important VIPs – the property-level talent that makes the industry so unique.

 

CONTACT

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.heihotels.com

 www.ahlafoundation.org.

www.ahla.com.

 

Keyes/Illustrated Luxury Residence Report: 2022 Marked Return to Pre-Pandemic High-End Activity in South Florida

 

Christina Pappas

 MIAMI, FL and PALM BEACH, FL, Jan. 30, 2023 – In 2022, South Florida’s luxury residential market experienced a return to normal after a historic 2021 that virtually has no precedent, according to The Keyes Company and Illustrated Properties’ new Luxury Report.

However, those who sold $1 million-and-up single-family homes and condominiums last year benefitted from continued strong demand and extremely tight supply.

Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida collectively recorded a 10.2% year-over-year drop in total $1 million-and-up single-family sales to 10,149 in 2022.

Mike Pappas

The region’s luxury condo sector also saw a year-over-year decline of 11.9% in total sales to 5,501.

Across Miami-Dade, Broward, Palm Beach counties, the Treasure Coast and Southwest Florida, the average days on market for luxury single-family homes plunged by 33.1% to 75 from 2021 to 2022.

The region’s high-end condo sector experienced a similar year-over-year decline in average days on market, falling 30.1% to 118. In the past, luxury listings often spent at least 300 days on the market before a sale.

“The sharp year-over-year declines in average days on market reinforce that our region is in high demand,” Keyes President Christina Pappas said.

“That demand, coupled with ongoing supply challenges, should help South Florida avoid significant drops in pricing.

"Our relocation specialists continue to get tremendous interest from residents of high-tax states who want to be here.”

Certain key categories even saw year-over-year pricing gains in 2022.

For instance, the territories covered in the luxury report collectively recorded a 4.7% year-over-year increase in average high-end condo sales price to $2.41 million.

That was fueled by Broward County, which posted a 26.2% year-over-year jump in average condo sales price to $2.19 million.

 In the luxury single-family sector, the regionwide average price per square foot rose 8.8% to $736.

“Luxury residential sellers and buyers grasp the concept of market normalization,” Keyes/Illustrated CEO Mike Pappas said. “They know that 2019 is a more appropriate bellwether than 2021 when evaluating how our region performed last year. Activity in the second half of 2023 should be particularly brisk as comfort with the current market grows.”

 

Other notable findings in the 2022 luxury report include:

• Miami-Dade County’s $1 million-and-up single-family sales declined by 21.5% year-over-year to 2,469 from 2021 to 2022. The average price per square foot rose by 7% to $807 during that span. Luxury condominium transactions dropped by 9.8% year-over-year to 2,624, with the average price per square foot increasing 8.8% to $1,098

• 
  
• Brickell experienced a 27.6% surge in year-over-year high-end condo sales to 379 in 2022. Doral continues to be one of South Florida’s fastest-growing cities, with a 106.7% year-over-year jump in luxury single-family sales to 124
•  
• In Broward, Parkland and Weston are where Broward-based families want to be, as the former posted a 16.8% year-over-year gain in luxury single-family sales to 292, and the latter seeing a 35.6% year-over-year surge to 244. Fort Lauderdale and Hollywood combined to record a 2.9% year-over-year uptick in high-end condo sales to 497. The average sales price in those markets jumped by 29.8% to $2.33 million.

•  
• Palm Beach County’s price per square foot for luxury single-family sales increased by 8.8% year-over-year to $731, with the high-end condo price per square foot jumping 17.6% to $952.
•  
• The Boca Raton/Delray Beach submarket continues to be the focal point of high-end condo activity in the county, with 330 transactions in 2022

 

Contacts:

Eric Kalis and Daniel Benjamin

 BoardroomPR

ekalis@boardroompr.com or dbenjamin@boardroompr.com

954-370-8999

JLL Capital Markets arranges $24 million sale of the newly constructed Parkway Village at St. Johns in St. Augustine, FL

 

Kim Flores

 MIAMI, FL – JLL Capital Markets has closed the $24.1 million sale of Parkway Village at St. Johns, a newly constructed, 52,070-square-foot, Publix-anchored retail center with two outparcels leased to Heartland Dental and Starbucks located within the Jacksonville MSA in St. Augustine, Florida.

Parkway Village at St. Johns,
 a newly constructed, 52,070-SF
 Publix-anchored retail center
in St. Augustine, FL

 The center was developed in 2022 by joint venture partners Stiles and Cantrell & Morgan. JLL represented the seller, Stiles Corporation and Cantrell & Morgan, and a private buyer acquired the asset.

Danny Finkle

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

 

“The Stiles and Cantrell & Morgan teams developed a best-in-class Publix-anchored center in one of the most exciting and fast-growing areas on the Jacksonville MSA” said Finkle. 

 

“The outstanding quality of the location, improvements, and tenancy made this a highly coveted acquisition opportunity and ensure the long-term success of this shopping center.”

Alex Sharrin

Representing 68% of the GLA, the 35,413-square foot Publix at Parkway Village at St. Johns features the new “Publix Unique” concept, which includes high-end finishes throughout the store, a beer and wine tasting center, an enhanced deli section and a second-floor terrace with outdoor seating.

 

 In addition to Publix, the 100-percent-leased center is occupied by a mix of national and local retailers, including Supercuts, Orange Theory Fitness, The Loop and Starbucks and Heartland Dental on outparcels. The WALT of the property is over 13.5 years

Eric Williams

Situated at International Golf Parkway and Commerce Lake Dr. within an expansive trade area, the property is part of the World Commerce Center development, which sits on nearly 1,000 acres and will be home to 2.1 million square feet of office, 1.2 million square feet of industrial, 950 hotel rooms and 1,200 residential units.

 

The center benefits from an average household income of $142,371 within a three-mile radius and has approximately 1.6 million annual visitors.

Jorge Portela

Additionally, the center is located 30 miles south of Downtown Jacksonville and is less than two miles away from World Golf Village.

 

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.

Jeff Cicurel

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, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com