Wednesday, October 11, 2023

Jessica White joins JLL Value and Risk Advisory’s hotel team in Los Angeles office

 Jessica White
  

 

White will focus on hotel value and risk advisory assignments and will report to Managing Director and Hotel National Practice Lead Charlotte Kang.

 

“As with all of the other asset classes, hotel owners are seeking valuable insights into the value of their properties during this high interest rate environment,” Kang said.


Charlotte Kang.

“I’m really excited to have Jessica as part of our team, where she will play an integral role in driving business for the group and growing our current client base.”

 

With more than 10 years of experience in valuation, White most recently served as a Senior Director with Cushman and Wakefield.

 

She graduated with a bachelor’s degree from Oregon State University and holds an MBA from Portland State University and a master’s in hospitality from Ecole hôtelière de Lausanne.

  

For more news, videos and research resources on JLL, please visit our newsroom.

  

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

  

 

 

CONTACT:

 

Kristen Murphy,

 JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy@jll.com    

 

$40 million sale of BlueLinx Atlanta Industrial Outdoor Storage (IOS) facility in Lawrenceville, GA completed


SOLD: BlueLinx Atlanta IOS, a low-coverage/IOS distribution facility totaling 585,637 square feet in Atlanta, GA

 

Dennis Mitchell
ATLANTA, GA, Oct. 11, 2023 –  JLL Capital Markets announced today that it arranged the $40 million sale of BlueLinx Atlanta IOS, a low-coverage/IOS distribution facility totaling 585,637 square feet

JLL worked on behalf of the seller, Stockbridge, to procure the buyer, institutional investors advised by J.P. Morgan Global Alternatives.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Dennis Mitchell, Matt Wirth and Britton Burdette and Directors Mitchell Townsend and Jim Freeman

Matt Wirth 
The property sits on a 64.7-acre parcel with approximately 55 usable acres and 4.5 additional acres for potential future expansion.

 Key building features include 28-foot clear heights, active CSX rail spur, eight dock-high doors, 42 grade-level drive-in bays, a fully paved yard and ample storage sheds.

Located at 200 Hosea Road., BlueLinx Atlanta IOS is situated less than one mile from the Gwinnett County Airport (LZU) and 2.5 miles from the GA-316 & U.S. 29 interchange.

Britton Burdette
The asset is also located 8.9 miles from I-85, which acts as the region’s logistical lynchpin connecting three major distribution corridors: I-85, I-20 and I-285, which provide vital distribution connectivity to Atlanta’s major population centers and the greater East Coast.


Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

 

 

 

JLL Capital Markets arranges financing for Four Oaks Industrial Park in Schertz, TX

 John Brownlee
  DALLAS, TX, Oct. 11, 2023 –  JLL Capital Markets announced today that it arranged the financing for Four Oaks Industrial Park totaling 170,000 square feet in Texas.Financial terms were not disclosed.

JLL worked on behalf of the borrower, Rosewood Property Company, to secure the loan from Lincoln Financial Group.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director John Brownlee and Director John Bauman

The single-building, two-tenant industrial park was delivered in 2022 and is fully occupied. The building sits on a 9.59-acre parcel and features 32 dock-high doors, two drive-in doors and 30-foot clear heights.

John Bauman


Located at 17670 Four Oaks Lane., Four Oaks Industrial Park is strategically situated approximately 1,300 feet from Interstate-35 and is less than a 60-minute drive to both the San Antonio and Austin metros.

The region also boasts a highly accessible location that is proximate to many of Texas’ major thoroughfares. This accessibility to dense population centers has led to steady demand along the I-35 corridor.

This demand has also allowed the surrounding Guadalupe/Comal County submarket to become one of the best performing industrial submarkets in central Texas

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

 

Keyes’ Realtor Group brokers two large parcels in Fort Lauderdale prime for development

 

Lauren Coloney

 FORT LAUDERDALE, FL– Oct. 11, 2023 – The Keyes Company has brokered sales of two city blocks north of downtown Fort Lauderdale that are undergoing residential improvements. The Coloney Group at The Keyes Company negotiated both deals for a total of $12.6 million.


George Coloney

George Coloney, Lauren Coloney and Niki Falck, top producers at The Coloney Group of The Keyes Company, represented the buyer in a $7.5 million transaction in September.

 

 Falck represented the buyer, while George and Lauren Coloney represented the seller in a $5.1 million deal the same month. George Coloney sold this property in 2004 and says been working to put this together since 2008.


Niki Falck

“The South Florida market is extremely unique, and we recognize the issues that surround insurance and taxes on multifamily properties,” said George Coloney of the Coloney Group at Keyes. “It is because of our understanding and commitment to serving our clients that we get the opportunity to work with these large-scale deals and hope to continue to bring solutions to clients who call us.”

 

In the larger-dollar transaction, Mazal Investments 16 LLC sold vacant land to Regency Development Group LLC. It plans to construct 25 townhomes on the west side of 16th Avenue between 8th and 9th streets.

 

The 67,200 square feet represent one of the few open spaces for housing in Fort Lauderdale. This is the second largest multi-family zoned property in Victoria Park, the most sought-after neighborhood in Broward County.

 

Victoria Park Road Investments LLC sold five contiguous parcels at 1108-1132 N. Victoria Park Road to Progresso Victoria LLC and Progresso LLC for $5.1 million. The 27-unit apartment complex, which sits on 47,000 square feet, is being renovated for Airbnb use. This sale was unique in the way it was structured.


 

CONTACT:

,

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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JLL’s Alexis Lowell to lead Project and Development Services for Arizona and Nevada

 

Alexis Lowell

 PHOENIX, AZ – JLL has announced the appointment of Alexis Lowell as Project and Development Services (PDS) market lead for Arizona and Nevada.

 

With more than a decade of experience, she now serves some of the nation’s most active markets for new construction and tenant relocations and expansions.

 

In her new role, Lowell will oversee a team of JLL experts delivering workplace strategy, project management, design and construction management, move management and related services for clients across the commercial real estate spectrum.

 

“Alexis is a human-centered collaborator and innovator who is highly respected among her JLL colleagues and across the industry, making her an unmatched candidate for this role,” said Julie Hyson, Managing Director and West Division Lead for JLL’s Project and Development Services.


Julie Hyson,


 “As she takes on this important leadership opportunity for the very active Arizona and Nevada markets, we’re confident in her ability to inspire our people, thrill our clients and grow our business.”

 

JLL’s project management team comprises 8,500 project managers across 80 countries and is actively managing $99.4 billion under construction.

 

Please visit us.jll.com/deliver-projects to learn more. For more news, videos and research resources, please visit JLL’s newsroom.

 

 

CONTACT:

 

Stacey Hershauer

Phone: +01 480-600-0195

Email: stacey@focusaz.com

 

 jll.com.