C.J. Kelly joins JLL’s Capital Markets group in Atlanta

 

C.J. Kelly

 ATLANTA, GA, Aug. 7, 2023 – JLL Capital Markets announced today that C.J. Kelly has joined the firm as a Managing Director focused on debt and equity advisory in its Atlanta office.

 

Kelly has more than 20 years of experience structuring debt and equity transactions for office, multi-housing, adaptive re-use and ground-up development.

 

He joins JLL from CBRE, where he founded their Debt and Structured Finance’s Southeast Institutional Group, closing more than $4 billion in total debt and joint venture assignments.

 

He began his commercial real estate career with Eastdil Realty in New York City.

 

Ed Coco

“C.J. is a great addition to our Southeast Debt and Equity Advisory team,” said Ed Coco, Senior Managing Director and co-head of JLL’s Atlanta Capital Markets group.

 

“He brings with him a vast amount of experience structuring deals across a variety of property types and lender groups, which will prove beneficial in the current capital markets environment.”

 

Kelly is a Board Member and past president of Real Estate Group of Atlanta and an active member of the Mortgage Bankers Association. He holds a Bachelor of Arts degree from Harvard University.

 

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

 

 

 CONTACT:

 

Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy@jll.com

 

jll.com.

 

 

 

Graycor Hires Brian Bea as Project Executive, Southwest Division

Brian Bea

 

PHOENIX, AZ – Leading general contractor Graycor Construction Company has hired 24-year industry veteran

Brian Bea as Project Executive for the Southwest.

Bea will be based in Graycor’s Phoenix office, working under Southwest Division General Manager Rusty Martin.

“We’re thrilled to welcome Brian to our team and look forward to all that we will accomplish for the market,” said Martin.

Rusty Martin.

“His diverse market experience and leadership skills will help us not only expand our existing office and industrial footprints but also strengthen our ability to pursue opportunities in high-growth sectors such as medical and advanced manufacturing, where the demand is both exciting and exponential.”

Bea earned a bachelor’s degree in Construction Management from John Brown University and has been an active member of the American Society for Healthcare Engineering (ASHE).

CONTACT:

Stacey Hershauer

480.600.0195

stacey@focusaz.com

www.graycor.com

 

 

JLL Capital Markets closes sale of the 440-unit Addison at Princeton Meadows apartments in Plainsboro, NJ

Elizabeth DeVesty

  

 MORRISTOWN, NJ – JLL Capital Markets has closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multi-housing community located in Plainsboro, New Jersey.The price was not disclosed.

Jose Cruz

JLL worked on behalf of the seller, a joint venture between the real estate business within Goldman Sachs Asset Management and Kushner Real Estate Group.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz, Steve Simonelli and Michael Oliver and Director Elizabeth DeVesty.

 

Built in 1979, Addison at Princeton Meadows consists of studio, one- and two-bedroom apartment homes across 28, two-story buildings.

 The majority of units have undergone recent renovations and include stainless steel appliances, updated backsplash and countertops, hard flooring, patios/balconies and in-unit washers and dryers. 

Steve Simonelli 

Community amenities include an outdoor swimming pool with fire pit, tennis and basketball courts, dog park, fitness center, children’s playground and a BBQ and picnic area. 

Additionally, the community is fully approved for the construction of a state-of-the-art clubhouse, which will house a new fitness center and lounge for residents.

 Located at 2821 Pheasant Hollow Dr., Addison at Princeton Meadows is in the Princeton submarket and is adjacent to an 18-hole golf course, The Meadows at Middlesex.

The property is situated just minutes from downtown Princeton’s shops, restaurants and top-tier schools, which includes the prestigious Princeton University.

Michael Oliver 

The community is less than three miles from the Route 1 corridor, one of the strongest commercial corridors in the state, and is also less than five miles from the Princeton Junction train station, providing access to New York Penn Station or Philadelphia in less than one hour.

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

 

 

$47 million financing arranged by JLL Capital Markets for newly built St. Louis apartment building

  

Mary Dooley

CHICAGO, IL, Aug. 7, 2023 – JLL Capital Markets has arranged a $47 million loan to refinance Marlowe, a newly built, 205-unit, Class A multi-housing community located in the Central West End neighborhood of St. Louis, Missouri.

Danny Kaufman

JLL worked on behalf of the borrower, Keeley Properties, to secure the four-year, fixed-rate loan through an Insurance Company. Sound Mark Partners provided preferred equity for the transaction.

 

Completed in 2022, Marlowe features studio, one- and two-bedroom units featuring modern kitchens with a center island, GE Energy-Star kitchen appliances and washers/dryers, quartz countertops, luxury plank flooring and high-performance solar window shades.

Rebecca Brielmaier

Marlowe is located at 4545 Laclede Ave. within Central West End, well-known for its quaint sidewalk cafes, high-end restaurants and numerous dining, shopping and entertainment options, all adjacent to the Barnes-Jewish Hospital/Washington University medical district.

 

Philip Galligan

The JLL Capital Markets Advisory team was led by Senior Managing Director Danny Kaufman, Directors Philip Galligan and Mary Dooley and Associate Rebecca Brielmaier.

CONTACT:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com    

 

 

San Antonio, TX welcomes new high-quality affordable housing with Vista at Silver Oaks

 

 Ron Nirenberg

SAN ANTONIO, TX – Opportunity Home San Antonio in partnership with an affiliate of Atlantic Pacific Companies (A|P), OCI Development, the City of San Antonio, PNC Bank, and Stellar Bank were joined by San Antonio leaders on Aug. 2, to celebrate the new construction of Vista at Silver Oaks, a new affordable housing community and a recipient of 2022 Affordable Housing Bond funds in North Central San Antonio.

 

“Vista at Silver Oaks is a tangible representation of housing affordability made possible by the affordable housing bond,” said City of San Antonio Mayor Ron Nirenberg. “It delivers on the promise of creating and expanding housing opportunity for all through partnership and determination.”

 

Rental prices will range from $593 to $1,370 for two- and three-bedroom units, and all are set aside for residents with qualified income up to 60% of the Area Median Income (AMI). A utility allowance will also be provided to all residents to help offset their utility expenses.

 

Eight of the units are deeply affordable for individuals or families who earn less than 30% AMI, which is an annual income of less than $23,750 for a household of three. 

An additional 22 units are reserved for households making 50% AMI, which is an annual income of less than $28,500 for a household of three.

Anita Fernández

"OCI Development is proud to be a part of our community's shared vision of creating more equitable access to high quality affordable housing. 

"Along with our partner, an affiliate of Atlantic Pacific Companies, we remain invested in community-focused and relationship-based development that will continue to positively transform San Antonio now and for years to come,” Anita Fernández, Partner & Co-Founder of OCI Development.

Veronica Garcia

"As we begin to see projects supported by the Affordable Housing Bond break ground, we are thankful for partnerships from organizations who are dedicated to increasing the affordable housing supply for San Antonio," said Veronica Garcia, Director of Neighborhood and Housing Services for the City of San Antonio. 

“Vista at Silver Oaks is a demonstration of a community that supports renters with more than just a home.”

 

The development is projected to be completed in Summer 2024 and will begin pre-leasing prior to completion.

CONTACTS:

 

Jessica Wade Pfeffer |jessica@jwipr.com | 305.804.8424

Margie Sernik | margie@jwipr.com | 786.200.2516