JLL represents Jeans Warehouse in acquisition of two industrial facilities in Halawa Valley, Honolulu

 

Cullen Oesterly

HONOLULU, HI., May 10, 2023 –– Confirming continued demand for Honolulu industrial space, JLL announced today that Jeans Warehouse, a leading apparel retailer, has acquired a 16,000-square-foot industrial facility located at 99-984 Iwaena Street in the Aiea neighborhood of Honolulu, Hawaii. 

 

 The price was not disclosed. The new building will be used for product warehousing, online marketplace, and photo studio.

 

The acquisition of 99-984 Iwaena Street comes of a few months after Jeans Warehouse acquired an 18,500-square-foot industrial facility located at 99-910 Iwaena Street in the Aiea neighborhood of Honolulu, Hawaii for distribution and administration.

 

JLL Vice President Cullen Oesterly represented Jeans Warehouse in both acquisitions as well as the seller of the most recent acquisition, CTY Investors, Ltd.

99-984 Iwaena Street in the Aiea neighborhood
 of Honolulu, Hawaii

“Jeans Warehouse chose these two buildings because of their location, building quality, property configuration and proximity to its stores and other facilities,” said Oesterly. 

 

 “Honolulu continues to experience a scarcity of functional and centrally located large warehouse space following a post-pandemic shift in ecommerce demand.”

 

 

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.”

 

 

Michael Zimmerman joins Northmarq as vice president in net lease investment sales

Michael Zimmerman 

 

 Durham-Chapel Hill, NC, May 10, 2023 — Northmarq’s investment sales team has announced the addition of Michael Zimmerman as vice president – commercial investment sales.

 

Zimmerman specializes in the disposition and acquisition of single tenant and triple net lease retail properties, further expanding Northmarq’s commercial investment sales. 

 

With over 20 years in the commercial real estate business, Zimmerman has been involved in over $1 billion of sales for shopping centers, single tenant, strip centers, office buildings and land deals.

 

Prior to Northmarq, Zimmerman served as principal owner at Ground & Space. He has also served as a Partner at Atlantic Retail Properties and a Managing Director at Calkain Companies.

 

Daniel Herrold

In his new role, Zimmerman joins the commercial investment sales team led by Daniel Herrold, senior vice president of Northmarq’s Tulsa office. Zimmerman will be based in Chapel Hill, North Carolina.

 

“I’m excited to have Michael join our team,” said Herrold.  “Michael is a veteran in the net lease space having over 20 years of experience in the business.

 

"We needed to fill a void in our team of focusing on retail investors and developers throughout the Southeast, and Michael fits that void perfectly with his existing clients and business activity.”

 

Zimmerman is a graduate of San Diego State University and holds a broker’s license in North Carolina and Florida. He also is a long-time member of the International Council of Shopping Centers.

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.”

 

 

JLL’s Portland Capital Markets team hires Nick Davino as Director

 

Nick Davino

PORTLAND, OR, May 10, 2023 –JLL Capital Markets announced today that Nick Davino has joined the firm as a Director focused on office and industrial investment sales and advisory transactions in its Portland office.

 

Davino will work alongside Managing Director Buzz Ellis to build out the Portland office and industrial investment sales and advisory team.

 

“We’re in a really interesting time for commercial real estate and particularly office, which is why it’s more critical than ever that we have the best teams on the field to advise our clients on the road ahead,” said Ellis.

 

“I’m excited that Nick has joined the team and I look forward to working with him to unlock value for our owner clients as well as identify areas of opportunity for our investor clients.”

Buzz Ellis

Davino began his commercial real estate career in 2020 and quickly rose to one of the top producers for the Pacific Northwest region at his prior firm.

 He was honored as the 2021 Rookie of the Year in his local Portland office and went on to close more than $75 million in office and industrial transactions in his first few years.

 

Davino graduated with a Bachelor of Science degree in Business Administration from Oregon State University.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

 Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com

 

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