Wednesday, January 4, 2023

Seefried Properties and USAA Real Estate Acquire 19 Acres for Planned 335,157-SF Logistics Center in Northern California

Jason Quintel 

 Tracy, CA– Seefried Properties, a national real estate firm specializing in the development of industrial properties, along with capital partner and real estate investment manager, USAA Real Estate, have recently acquired a 19-acre site for the development of a new distribution warehouse in the heart of Tracy’s Northeast Industrial submarket. 

 The project is scheduled to break ground in the fourth quarter of 2023 and will include a state-of-the-art speculative building totaling 335,157 square feet of office and warehouse space.

 

“The opportunity to acquire one of the last remaining sites in the east Tracy submarket was too good to pass up,” said Jason Quintel, Senior Vice President of Seefried’s Western Region. 

Mike Goldstein

 “With historically low vacancy and high tenant demand for the area, we believe this project will be in a great position to capture that demand and bring another quality business and project to the City of Tracy.”

 

The proposed project is strategically located at the northwest corner of Grant Line Road and Chrisman Road, offering easy access to all major transportation arterials including I-205, I-5, I-580 and HWY 99. 

 

 The industrial site offers close proximity to both the Union Pacific and Burlington Northern Santa Fe Intermodal facilities and is ±54 miles east of the Port of Oakland and ±65 miles south of Sacramento. 

 

John Steinbuch

Located along ideal transportation corridors to the Western US & Bay Area, Tracy is considered the best distribution location in the Central Valley.

 

As a nationally recognized developer of industrial space, Seefried plans to include Class A industry leading specifications on the new project including ample auto and trailer parking, 36-foot clear heights, ESFR sprinklers, and LED warehouse and site lighting to meet the needs of modern industrial users.

 

The Colliers team of Mike Goldstein and John Steinbuch represented the partners in the land transaction and will handle leasing efforts on behalf of the project. 

 

HPA Architecture is serving as the project’s architect of record; Kier & Wright is the civil engineer.

 

 

Contact: 

 

 Barbara Bennett

Phone:  +1 520 661 9641

Email:  bbennett@seefriedproperties.com

www.seefriedproperties.com

 

www.usrealco.com

 

Edge Realty Partners promotes two officers on its Capital Markets Team

 

Mart Martindale 

DALLAS, TX –– Edge Realty Partners  has promoted Mart Martindale to Managing Principal of Capital Markets and Bill Pyle to Principal of Capital Markets.

 

Martindale will oversee the firm’s Capital Markets team and will be responsible for the growth and development of the business and the team. 


Bill Pyle

He will also continue serving clients as an investment advisor, working on the underwriting, acquisition, disposition and financing of commercial and multifamily assets throughout Texas and surrounding states.

 

Martindale co-founded Edge Capital Markets in 2012 and, with more than 22 years of commercial real estate experience he has completed transactions valued at more than $2 Billion.

 

Pyle was formerly a Senior Vice President on the Edge Capital Markets team. In his new role he will continue to represent owners and developers in the acquisition and disposition of commercial land and investment properties across the country.

 

 A 17-year commercial real estate veteran, he has completed transactions valued at more than $500 Million throughout his career.

 

 Brian Murphy

“Mart is a natural for the role of developing and growing the Capital Markets team,” said Brian Murphy, Edge Realty Partners’ Managing Principal. 

 

Murphy continued by saying “Bill epitomizes the Edge culture, working expertly and collaboratively with our brokers across all segments, including our tenant rep, landlord services, specialty and development teams.”

 

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.”

 

 

 

KAI Hires Andrew Kerr-Grant as Senior Project Architect

Andrew Kerr-Grant

 St. Louis, MO, Jan. 4, 2023 -- KAI is pleased to share the hiring of Andrew Kerr-Grant, AIA, NCARB, LEED AP BD+C as its newest Senior Project Architect at its St. Louis office.

 Kerr-Grant boasts more than 30 years of experience as a Senior Project Architect and Project Manager.

 

“Andrew joining KAI has been another amazing boost to our talented KAI Design team of architecture and interiors professionals,” said KAI Managing Partner Brad Simmons, FAIA.

 

“His extensive experience as a knowledgeable and proven senior architect and project manager brings our clients and design teams a steady presence to guide and deliver outstanding projects.


Brad Simmons

"Andrew’s industry capabilities span a wide range of clients, project types and geographies. His flexibility and collaborative nature have already been a perfect fit at KAI.”

 

Prior to KAI, Kerr-Grant was a Senior Architect/Project Manager for St. Louis-based Etegra, Inc.; a Senior Project Architect for Core States Group; and a Senior Project Architect/Project Manager/Architectural Group Manager for Benham, A Haskell Company.

 

Originally from Australia, he earned his Bachelor of Architecture from the University of Melbourne. He also has continuing education from both St. Louis Community College and Harvard Graduate School of Design. He is a Registered Architect in Missouri, Illinois, Minnesota, and the District of Columbia.

 

 

Contact:  

 

Jennifer Beidle
Jennifer Beidle Communications
St. Louis, MO 63129
United States

 

www.kai-db.com.

 

 

Island Hospitality Management Promotes Susanne LoFaso to Regional Director of Operations

 

Susanne LoFaso

WEST PALM BEACH, FL, Jan. 4, 2023 — Officials of Island Hospitality Management, the premier third-party management company for select-service and upscale, extended-stay hotels in the United States, announced today that Susanne LoFaso has been promoted to regional director of operations.

  In her new role, LoFaso will oversee the company’s Hilton- and Marriott-branded hotels throughout the New York and Illinois regions, as well as providing acquisition support.

 

John Marques

“Since joining us in 2018 as general manager of the Ronkonkoma Homewood Suites by Hilton, Susanne has delivered superior guest satisfaction scores and improved bottom lines,” said John Marques, executive vice president, Island Hospitality Management. 

 “She quickly was promoted to area general manager over Island’s Ronkonkoma Homewood and Courtyard hotels and has continued to demonstrate her leadership by assisting in task force assignments, special projects and onboarding new leaders through our GM Ambassador program.  

 "We know Susanne will continue her upward trajectory with Island and look forward to her continued success.”

 Contact:  

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.islandhospitality.com.