Tangram Interiors Hosted Grand Opening Event for Sleek New Dallas, TX Showroom

 

Amber Jones

DALLAS, TX ––Tangram Interiors, a curator of highly creative commercial interior environments headquartered in Southern California, celebrated the opening ofits first Dallas Showroom on Sept.7th. 

After years of planning and construction, Tangram Interiors is thrilled to finally open the doors to its new East Quarter home. The grand opening event hosted a wide range of clients, partners, and the DFW community members, as well as Tangram Interior leaders such as… 

Joe Lozowski,

Joe Lozowski, President & CEO 

“I consider this showroom the ultimate hybrid space – it’s visually striking, features cutting-edge technology, and provides multiple work postures to support various styles of work,” said Lozowski. “If an organization’s goal is to attract people back to the office, this showroom is a clear expression of what would be appealing to employees.”

• Nick Greenko, CFO
• Amber Jones, VP of Sales
• Jon Leach, Director of Business Development 

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Nick Greenko

“After 18 months of introducing ourselves through PowerPoints and customer installations, we are thrilled to open the doors to our new Dallas showroom!” said Tangram Interiors Vice President of Sales, Amber Jones.

 “I am proud of the way our new space tells the history of the East Quarter, with material and design choices that nod to the automotive industry. We’re excited to be here as this area revitalizes and look forward to sharing our new home with the DFW community.” 

Jon Leach

Tangram is a flagship dealer for Steelcase, Inc., and the leading commercial interior solutions provider in Dallas-Fort Worth, Texas, and Southern California with offices in Los Angeles, Orange, Kern, and Fresno counties. 

To learn more about Tangram Interiors and its wide range of design projects, please contact rachel@kcomm.com.

 To schedule a tour of the new showroom, please reach out to Amber Jones at ajones@tangraminteriors.com. 

 Contact

Rachel Devany

949-443-9300

rachel@kcomm.com

.

West Valley Retail Demand Brings Phoenix’s Agua Fria Plaza to 100% Leased

 

Katie Weeks

PEORIA, AZ, Sept.27, 2023 – On behalf of institutional owner and investor Westwood Financial, Phoenix-based retail brokerage specialist Western Retail Advisors has completed a string of leases that bring the Agua Fria Plaza retail center in Phoenix’s West Valley to 100% leased.

 The center, which is located at the southeast corner of 91^st and Olive avenues in Peoria, sits directly along the Loop 101 Freeway, just north of State Farm Stadium, Desert Diamond Arena and the new VAI Resort, a water-themed development that – when opened in 2024 – will become Arizona’s largest hotel and entertainment destination.

Bryan Ledbetter

Since securing the leasing assignment for Agua Fria Plaza, Western Retail Advisors Senior Vice President Bryan Ledbetter and partner Katie Weeks have completed 13 leases at the project totaling more than 20,000 square feet.

 “Tenants continue to have an almost unfettered demand for high-quality metro Phoenix retail space. Agua Fria Plaza particularly shines with its freeway adjacency and almost direct access to the West Valley’s booming sports, entertainment, resort and residential developments,” said Ledbetter.

Lauren Ball

“Special thanks to David Mitroff and Lauren Ball at Westwood Financial for their institutional-level expertise and for creating an environment where great leases can happen quickly and successfully.”

 According to CoStar, metro Phoenix’s retail vacancy rate has fallen to approximately 5% – a record low that is driven, in part, by booming population growth in the market’s West Valley suburbs.

 David Mitroff 

Agua Fria Plaza is anchored by a newly remodeled Fry’s Food & Drug store. Other tenants include Nationwide Vision, UPS, Foothills Sports Medicine, Wingstop, Subway and McDonalds.

 A just-signed, five-year deal with Beauty Parlour Salon totaling 1,200 square feet brings the project to fully occupied.

Agua Fria Plaza retail center
 in Phoenix’s West Valley
is100% leased.

Based in Los Angeles, Westwood Financial owns, manages and operates over 125 high-quality shopping centers in top metropolitan markets across the U.S. Western Retail Advisors leases eight properties for the company in the Phoenix area.

 Contact

Stacey Hershauer

focusAZ 

 

P 480.600.0195

www.focusaz.com

 

www.w-retail.com.

 

Concord Summit Capital Closes $23.5 Million in Construction Financing for Luxury Condominium Project in Coastal Maine

‘The Mark’, a for-sale condominium development
in Cumberland Foreside, an exclusive neighborhood
near the coast in Cumberland, Maine.

 Cumberland, Maine/Denver, CO) – Concord Summit Capital, LLC (“Concord Summit”) has arranged $23.5 million of total construction financing for

‘The Mark’, a for-sale condominium development in Cumberland Foreside, an exclusive neighborhood near the coast in Cumberland, Maine.

The financing includes a $17.8 million senior construction loan and a $5.7 million mezzanine investment. Concord Summit also sourced a future commitment for $5.5 million of C-PACE funding for the project.

 

Concord Summit Capital’s Managing Director Daniel Eidson, who works out of the company’s Denver office, sourced the financing on behalf of the developer, Mark McClure.

Daniel J. Eidson

“Concord Summit continues to close construction loans in a challenged environment to provide high-leverage financing on projects nationwide,” Eidson said.

 

The Mark features a four-story, 45-unit property with units ranging in size from 620 to 1,327 square feet.

 

Cumberland Foreside is well known for its robust housing market, having experienced 40% year-over-year price increases and an average household income of over $250,000.

 

Cumberland is also consistently ranked as the most desirable place in Maine to live and raise a family. With proximity to Portland, Falmouth, and Yarmouth, Cumberland residents reap the benefits of a gorgeous coastline and a close-knit community while having easy access to Portland and all the benefits a larger city has to offer.

                                                    Mark McClure.

Developer McClure founded Miami-based GenX Capital Partners in 2016. GenX is an advisory and investment firm that has successfully developed, co-developed and rehabbed residential subdivisions of 25 homes or more, multimillion-dollar luxury homes, and high-end boutique hotels.

 

GenX currently has more than $300 million in multifamily, residential and hospitality projects in various stages of development.

 

“We could not have executed this complex senior and mezzanine loan structure without the commitment and sophistication of the development and lending team,” Eidson said.

Cumberland, Maine

“The project was more than 40% complete at closing, and by providing the sponsor with a 92% LTC loan, we were able to finance 100% of the remaining construction costs and repay the existing land loan.

 

"We have also documented a mechanism for a future C-PACE investment to reduce overall borrowing costs.”

 

Construction of The Mark is expected to wrap up by Summer 2024.

 

Contact for Concord Summit:

Todd Templin

ttemplin@boardrooompr.com