JLL Capital Markets arranges acquisition of 1 Hampton Road in Exeter, NH. as part of the programmatic joint venture by Sendero Capital and Angelo Gordon

 Mindy Berman

 BOSTON, MA–  JLL Capital Markets advised on the acquisition of 1 Hampton Rd., a medical office campus comprised of two buildings totaling 82,000 square feet in Exeter, New Hampshire.The price was not disclosed.

Brannan Knott

JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition.

The JLL Capital Markets team was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman, Director Anthony Sardo, and Associate Landon Weaver.

 

 The purchase of 1 Hampton Road is the third acquisition as part of the joint venture, which will focus on value-add and core plus outpatient medical office and surgery center assets throughout the Northeast United States – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the U.S.

Anthony Sardo,

The property is 82,000 SF, 92% leased to medical tenants, and anchored by Access Sports Medicine, Seacoast Pathology and Exeter Hospital.

 

  In June, New Hampshire’s attorney general’s office signed off on Exeter Hospital joining Beth Israel Lahey.  The deal has been in the works since June 2022 and it includes a $375 million investment into Exeter Hospital and its affiliates.

 

“We are very excited to announce the acquisition of 1 Hampton Rd and to be a part of the growing community in Exeter, NH, said Ross Negele, Principal, Sendero Capital.

 

 Landon Weaver.

"We see this as an opportunity to partner with Exeter Hospital & Beth Israel Lahey Health, as well as many of the region’s leading healthcare providers, as the premier off-campus outpatient medical facility in the region.”

 

1 Hampton Rd. is located one mile from Exeter Hospital and less than 50 miles from two national airports (Manchester, NH and Boston, MA).

 

The location is easily accessible from NH Route 101, U.S. Interstate 95 and the Amtrak Commuter Rail via the Downeaster.

 

Ross Negele,

Exeter is considered the “crossroads” of the New Hampshire Seacoast. The area has a year-round population of nearly 15,000 residents, with a diverse housing mix and a diverse population, with a combination of seniors, young families and millennials.

Exeter is ideally situated 50 miles north of Boston, Massachusetts, 50 miles south of Portland, Maine, and 30 miles east of Manchester, New Hampshire.

 

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

JLL Capital Markets secures financing for two industrial portfolios across six markets in Florida and North Carolina

 

Melissa Rose

MIAMI, FL – JLL Capital has arranged $18.4 million in financing for the acquisition of two, fully occupied industrial assets located in Jacksonville and Naples, Florida.

 

This financing follows a previous arrangement of $24.4 million in senior financing for a 344,532-square-foot portfolio comprising four properties among five buildings located in Clearwater, Orlando, Pompano Beach, Florida and Burlington, North Carolina, for the partnership.

Michael DiCosimo

JLL represented the partnership between Redfearn Capital and Angelo Gordon in both transactions, which has been active in industrial acquisitions throughout the Southeast as part of their programmatic venture, which has closed on 17 industrial assets to date.

 

 The JLL Capital Markets Debt Advisory team was led by Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.

Mateo Bolivar

The two industrial facilities in Jacksonville and Naples total 241,162 square feet and are fully leased to six tenants, including name-brand presence from Sherwin Williams and FedEx.

 

The assets are well-located within their respective markets. The Jacksonville property features access to I-95 within 1.1 miles, which is the primary north-south artery in the State of Florida and serves the majority of the East Coast.

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

JLL Capital Markets arranges recapitalization of the 425,612-square-foot, well-located MacArthur Park in Irving, TX

  

Erin Lazarus

DALLAS, TX – JLL Capital Markets has arranged the recapitalization of MacArthur Park, a 425,612-square-foot, top-performing retail center located within the DFW metroplex in Irving, Texas.

 

The center is a hybrid, dual grocery-anchored power center with Kroger, Target (Shadow) and other large format retailers, such as Ross, HomeGoods/TJ Maxx and Michaels.

 Megan Babovec 

JLL worked on behalf of the ownership which consisted of funds managed by Goldman Sachs Asset Management, and EDENS, to recapitalize the project. CBRE Investment Management stepped up as a new investor in the venture.

 Barry Brown

The JLL Retail Capital Markets Debt Advisory team was led by Senior Managing Director Barry Brown and Chris Gerard, Director Erin Lazarus and Analysts Megan Babovec and Cole Sutter.

 

 In addition to Kroger and Target (shadow), the 98-percent-leased MacArthur Park is also anchored by HomeGoods / TJ Maxx, Ross, Michaels and Office Depot.

 

Other notable tenants include Bath and Body Works, Victoria’s Secret, T-Mobile, Amy’s Hallmark, James Avery, Mattress Firm, Half Price Books, Ulta Beauty, Jason’s Deli and Sephora. 

 Chris Gerard

Over 88% of MacArthur Park’s income stream is generated from national and institutional-grade credit tenancy, with local businesses comprising of the remaining 12% of overall revenue.

The center boasts an average tenant tenure of 6.2 years, a WALT of 3.3 years and over 5.8 million visits annually, ranking it amongst the top 3% of centers in the U.S.

 

The center is located 7505 N. MacArthur Blvd. and is strategically set within Irving’s high-growth, master-planned urban center, Las Colinas.

 

It is positioned at the intersection of Interstate 635 and President George Bush Turnpike, offering visibility to over 260,000 vehicles per day and over $5.8 billion in consumer spending power within a 10-minute drive.

Cole Sutter

Within a five-mile radius is a daytime population of 348,062 and an average household income of $106,828. MacArthur Park is easily accessible by President George Bush Turnpike, Interstate 635 and Texas State Highway 114, and it is just a 17-minute drive to downtown Dallas.

 

 

CONTACT:

 

 Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com