KBS Signs 24,280 SF in Leases with Five Tenants at 494,289 SF- Class A Office Park in Salt Lake City, UT

Angela Kroneberger 

 HOLLADAY, UT– KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces it has signed 24,280 square feet in new leases and lease renewals with five national and local tenants at Millrock Park, a four-building, 494,289 square-foot Class A office park at 6550 S. Millrock Drive in Cottonwood Heights, one of the most desirable submarkets of Salt Lake City, Utah.

 

Millrock Park, a four-building,
494,289 SF- Class A office park
at 6550  south Millrock Drive
 in Cottonwood Heights,
one of the most desirable
submarkets of Salt Lake City, Ut

“The current challenging office environment has spurred a flight to quality, especially for many smaller tenants in the market,” says Giovanni (Gio) Cordoves, Western regional president for KBS. “KBS has seized this opportunity to provide top-tier office space for these companies in markets like Salt Lake City that are positioned for stability and growth.”

Giovanni (Gio) Cordoves

 Brandon Fugal, Josh Smith, and Angela Kroneberger represented at Colliers International, represented KBS in the lease transactions.

 “Millrock Park’s ideal location and amenities, along with KBS’ impeccable reputation, have sparked considerable interest in the property from local office users,” says Fugal, Chairman at Colliers International.

 “In addition, KBS’ ability to provide excellent service continues to facilitate lease renewals at this asset.”

 KBS has a history of identifying operating strategies that keep its properties performing at a high level, notes Tim Helgeson, senior vice president at KBS and asset manager for Millrock Park.

Tim Helgeson

 “Excellent location and the right amenities can make a significant difference in office leasing outcomes, and KBS is proficient at delivering both,” says Helgeson.

 “These elements continue to attract new tenants to the property and signal it as one of the most desired locations for office users in the market.”

 Constructed in 2005, Millrock Park is situated along the “East Bench” of the Wasatch Mountain Range in Salt Lake City. Its location offers tenants easy accessibility to I-215, I-15, and Salt Lake City International Airport.

 Brandon Fugal

 Companies that have recently signed new leases with KBS at Millrock Park include:

 Phalynx Ventura, a Quant Fund managed by a group with strong, diverse investing and operating skills, for 7,147 square feet

Mountain View Mortgage, a Utah-based mortgage company, for 5,851 square feet

Stratus Real Estate Solutions, a local real estate services firm, 3,900 square feet

 Tenants that have signed lease renewals with KBS at Millrock Park include:

 Truist Financial Corporation, a national banking firm, for 3,706 square feet

Square Inc., a web-based payment service company, for 3,676 square feet

 

Contact:

 

 Arleeny Escarcega 

aescarcega@thesmartagency

Group P6 Tops Off Construction at Royal Palm Residences in Boca Raton, FL

 

Royal Palm Residences, Boca Raton, FL

BOCA RATON, FL- Group P6, a leading South Florida development company, has topped off construction at its newest project, Royal Palm Residences in Boca Raton. The 9-story, 48-residence condominium is expected to be delivered in the fourth quarter of 2023.  

From left:  Ignacio Diaz, Jay Fayette, Andrea Levine O’Rourke , Nunzia Alvergue, Scott Singer, Joanne Shaer.

Monica Mayotte, Fran Nachlas, Todd Richardson 

 Bottom three: Deputy Mayor Andrea Levine O’Rourke, Fran Nachlas, Jose Padua 

On Friday, March 3, Group P6 and the project’s general contractor, Suffolk, hosted Boca Raton city officials along with development executives, construction crew members and building contributors to participate in the ceremony.  

From left:- Andy Gross, Ignacio Diaz, Jay Fayette, Nunzia Alvergue, Scott Singer, Joanne Shaer, Monica Mayotte, Todd Richardson, Ben Gluck, Marc Wigder. Andrea Levine 

Attendees included Boca Raton Mayor Scott Singer, Council Member Monica Mayotte, Council Member Fran Nachlas, Deputy Mayor Andrea Levine O’Rourke, Council Member Elect Marc Wigder, Boca’s Economic Development Manager Jessica Del Vecchio and the city’s Economic Development Coordinator, Kelly Kennedy.

 Mayor Scott Singer

They joined Group P6’s Managing Partners, Ignacio Diaz and Jose Padua, VP of Sales and Marketing, Todd Richardson, VP of Finance, Ben Gluck and from Suffolk, the East Coast Florida President, Jay Fayette, VP of Operations, Kyle Goebel, General Counsel, Juan Diaz and the VP of Preconstruction, Chris Kennedy.  

 Just a few residences remain, with more than 95% of the project under contract. Remaining units start at $3.5 million.

 

The three to four-bedroom residences range from 2,425 to 3,700 square feet. Each unit will have at 270 degrees of natural light, dual-entry private elevator access directly into the unit, European kitchens & top of the line appliances, including Wolf gas barbecues built into large outdoor terraces. 

Monica Mayotte

Amenities include two assigned, secured, underground parking spaces; an expansive wellness plaza, featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room with European kitchen and bar for entertaining.

 

The building will also feature a 24-hour doorman and private underground storage.  

 

For more information about Royal Palm Residences or to schedule a private showing at the project, call (561) 948-4051 or visit https://www.rpresidences.com/. 

 

 

CONTACT:

 Lauren Berger

Account Director,

 BoardroomPR

lberger@boardroompr.com

O 954-370-8999

C 954-551-0757

 

www.groupp6.com 

 

CrossMarc Services Completes Sale of Casselberry Office/Warehouse Building for New Home of Solis Energy

 

Christie Alexander

Winter Park, FL -  CrossMarc Services LLC recently closed on a user sale of the 4,405 +/-  freestanding office-warehouse building at 150 N. Cypress Way in Casselberry, Fla.

 CrossMarc Services Senior Vice President Christie Alexander negotiated the transaction representing seller National Installations & Services, Inc., a Florida-based company that installs remote access control and crisis alert systems in the assisted living, commercial, hospitality, multi-family and education markets.  

Carla Robles

The building was purchased for $765,000 by North Cypress LLC, doing business as Solis Energy.  The buyer was represented by Carla Robles of Watson Realty.

 

With a staff of seven and growing, Solis Energy is a manufacturer of industrial outdoor solar and battery backup power systems and products. The firm will be operating out of its new location by the second quarter of this year.

 

CONTACTS:

 

John Crossman, President, CrossMarc Services LLC

 407-794-9393 or

 jcrossman@crossmarcservices.com

 

Beth Payan, Larry Vershel Communications

407-461-3781

 beth@larryvershel.com

 

NewMark Merrill Companies Promotes Lisa Polis to Vice President of People Operations

 

Lisa Polis 

 Calabasas, CA– NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, is pleased to announce it has promoted Lisa Polis to Vice President of People Operations.

 

 She currently works out of the headquarters in Calabasas and previously served as Director of People Operations.

 

During her four plus year tenure with the company, Polis established the Human Resource function, strategically partnering with company leadership to build a culture aligned with the company’s mission and values.

 

"Our people are the heartbeat of our company," stated Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. "Over the last 4 years, Lisa has provided leadership in both recruiting and in team development.

Sandy Sigal

"From the crisis of COVID, to our rapid growth and evolution, Lisa has been an amazing leader and role model.

 

 "Her desire to help every team member achieve their full potential and ensure the company’s culture and mission are always evolving has been a real difference maker for everyone she interacts with.”

 

Polis has 20+ years of diverse Human Resources Management experience in the Public Accounting, Education and Real Estate Sectors.

 

As an established and accomplished Human Resources executive, Polis brings a broad set of skills and experience to NewMark Merrill Companies.

 

CONTACT:

 

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

NewMarkMerrill.com. 

 

Dream Finders Homes Teams up with Building Homes for Heroes, Hillwood and Reader Communities to Build Mortgage-Free Home for USAF Veteran Family at Rivington in DeBary, FL

The Matthew Cable family and at right
Rusty Smallwood, Building Homes for Heroes

DeBary, FL.  - Groundbreaking ceremony was held recently for retired USAF Staff Sergeant Matthew Cable and his family.

 

  Jacksonville-based Dream Finders Homes teamed up with developer Reader Communities and its joint venture partner Dallas-based Hillwood Communities to build a mortgage-free home for the veteran and his family.

 

The team has partnered with Building Homes for Heroes (BHFH), a national non-profit, non-partisan 501(c)(3) organization founded in 2006 with the mission of helping disabled veterans who fought to defend our freedom in the aftermath of Sept. 11, 2001. In late 2022, BHFH celebrated building 300 Homes for Heroes.

DeBary, FL Mayor Karen Chasez 

Staff Sergeant Cable, his wife Ensley and son Cade were in attendance along with Mayor of DeBary Karen Chasez.  “Having this house is going to be incredible for me knowing my family will always be taken care of,” said Cable.

 

Dream Finders Homes – a preferred builder at Rivington – was selected by Reader and Hillwood to build the BHFH home.  Construction is now underway on the homebuilder’s Anna Maria, a one-story, 2,853 square foot plan, with four bedrooms and three bathrooms valued at approximately $474,389, according to Dream Finders Homes Orlando Division President Gerry Boeneman. 

Gerry Boeneman

“Several of our trade partners and subcontractors are joining us in donating hours and materials,” Boeneman said. “We are committed, and are extremely grateful for their commitment to help support those who sacrificed for our country.” 

 

Reader and Hillwood donated the 50-foot homesite in Rivington a traditional, walkable, transit-oriented community, located off of Fort Florida Road along the St. Johns River, 10 minutes north of the Lake Mary and Sanford entertainment and employment centers.

Ground Breakers at Anna Maria home model, Rivington, DeBary, FL

From left:

Dean Barberree, Reader Communities

Gerry Boeneman, Dream Finders Homes Division President

Mayor Karen Chasez, City of DeBary

USAF Staff Sgt Matthew Cable

Mrs. Ensley Cable

Rusty Smallwood, Building Homes for Heroes

 

All photos courtesy of Dream Finders Homes

USAF Staff Sergeant Matthew Cable served for 10 years before being medically discharged in June 2022. Since developing leukemia from exposure to chemicals in the Middle East, Cable has been in his second remission for 3-1/2 years. 

 

 He and his wife Ensley and son Cade currently reside in DeBary and will move into their new home early this fall.

Ensley and Matthew Cable

 

“We are delighted to provide a home site for USAF Staff Sergeant Cable and continuing on Hillwood’s passion for providing homes for veterans through Building Homes for Heroes,” said Kimberly Locher, partner at Reader Communities.  “Our hope is that the public will join us and show their appreciation for his service by donating to the cause.”

 Kimberly Locher

For more information and to donate to this Building Homes for Heroes project please visit:

  https://help.buildinghomesforheroes.org/campaign/help-us-build-a-home-for-usaf-ssgt-matthew-cable/c471272    

 

Photos from the groundbreaking can be found at:

 https://www.dropbox.com/sh/qoutya9dggl25zd/AAD4krC0gvemFLB4hQhis6L-a?d1=0

 

About Dream Finders Homes

 

Dream Finders Homes, founded by Patrick Zalupski in 2008, is routinely honored as one of the nation’s fastest growing companies. Based in Jacksonville, FL, the company has homebuilding operations in Orlando, FL, Savannah, GA, Bluffton, SC, Fayetteville, NC, Austin, TX, Denver, CO and the Washington, DC Metro area.

Patrick Zalupski

Dream Finders closed over 6,878 homes in 2022 and is currently the 18th largest homebuilder in the nation according to 2022 Professional Builder magazine.     

 

 Building Homes for Heroes

 

 Building Homes for Heroes builds and gifts mortgage-free homes, and completes home modifications, for veterans and their families, and provides further services along their road to recovery to help them live a promising and fulfilling life ahead.

The organization said 95.19% of every dollar donated in 2021 went directly to its mission, the 10^th straight year reaching a program rating of at least 93%.

 

 It also received a perfect 4-star rating from Charity Navigator for six straight years, including a 100% in transparency and accountability.

 

CONTACTS:

 

Gerry Boeneman, division president, Dream Finders Homes,

 888-214-1164 

Gerry.Boeneman@dreamfindershomes.com

Ashlynn Wombolt, Marketing Coordinator, Dream Finders Homes

 Ashlynn.Wombolt@dreamfindershomes.com

Beth Payan, Larry Vershel Communications,

 407-461-3781

 beth@larryvershel.com

 www.liveatriv.com/

www.buildinghomesforheroes.org

 

Winstanley Enterprises Appoints Alison Lies as New Executive Vice President

 

Alison Lies

 Concord, MA –Winstanley Enterprises, a leading commercial real estate development and investment firm, has hired Alison Lies as Executive Vice President.

  In this role, Lies will oversee financing, joint ventures, acquisition, development, and portfolio financial analyses working closely with Winstanley’s in-house asset management, construction management, and property management teams.

 With 20-plus years of experience in real estate finance, asset management and development, Lies brings a proven and impressive track record of success to Winstanley with a focus on multifamily, mixed-use, retail strip centers, enclosed malls, lifestyle centers, and urban street retail. 

 

Adam Winstanley

Prior to joining the firm, she served as Chief Investment Officer at Gazit Horizons, where she led the acquisition and development of Gazit's U.S. retail and residential portfolio in Boston, New York, Philadelphia, Miami, and Tampa.

 Prior to that, she held senior positions at Equity One, Inc. and Olshan Properties. Lies has successfully been involved with the acquisition, development, and financing of more than $4 billion of real estate throughout her career.

 "Alison is a leader in our industry, and we are really excited to welcome her to our team," said Adam Winstanley, Principal of Winstanley Enterprises.

 "We know she will be a valuable contributor as we continue to expand our portfolio and grow our team throughout New England."

 Lies has been an active member of ICSC, NAIOP Massachusetts, CCIM, and previously served as the Executive Vice Chair for the Downton Boston Business Improvement District. 

 She holds a degree in mathematics from Northwestern University and is a resident of Newton, MA.

 CONTACTS:

Logan Trupiano

Watkins Strategies  

 781-552-2979

 Matt Watkins

 Watkins Strategies                   

617-571-4582                            

mwatkins@watkinsstrategies.com

ltrupiano@watkinsstrategies.com 

 www.winent.com.