Done Deals: Aug 15, 2024

Thursday, August 15, 2024

JLL Hotels & Hospitality group welcomes Tony Muscio as Senior Managing Director

Tony Muscio

LOS ANGELES, CA –  JLL’s Hotels & Hospitality group announced Tony Muscio will be joining as a Senior Managing Director for its JLL Hotels & Hospitality group, leading the Western region.

With over 20 years of experience in the real estate industry, including 18 years at JLL, Muscio brings a wealth of knowledge and expertise to his new role. Specializing in the sale of luxury resorts and trophy hotels, Muscio has been involved in over $12 billion worth of hospitality transactions over the course of his career.

Kevin Davis

Based out of JLL’s Los Angeles office, Muscio will report to Kevin Davis, Americas CEO for Hotels & Hospitality, and will work closely with Jeff Bramson and Jeff Sause, who co-head JLL’s Los Angeles Capital Markets team.

Jeff Bramson

"We are thrilled to welcome Tony back to JLL to lead our Western region," said Davis. "Tony’s appointment is a commitment to growing our business in California, Hawaii, Arizona and Colorado, which are among the largest hospitality markets in the country. His leadership and expertise will play a pivotal role in driving business with our largest clients in this key region. I’m extremely excited to welcome Tony back."

Jeff Sause

Muscio’s career started at PKF Consulting, where he conducted hotel feasibility studies and appraisals. He later joined JLL in 2004, where he spent nearly two decades, most recently as a Managing Director in the Hotels & Hospitality Group, covering the West Coast and working on some of the largest sales in the region, including the Four Seasons Resort Hualalai, Four Seasons Resort Bora Bora, Montage Beverly Hills (now The Maybourne Beverly Hills) and the recapitalization of Sunset Tower Hotel. Muscio’s latest role was as a Managing Director at KBC Advisors.

Muscio holds a bachelor’s degree from Cornell University’s School of Hotel Administration, where he is also a recurring guest lecturer.

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

CONTACT:

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

mdhpartners.com.

Kelly Royle

PHOENIX, AZ – JLL Capital Markets brokered the $51 million sale of KV Buckeye 10, a new 249,600-square-foot industrial complex that is 60% leased. The project is located in Buckeye, Arizona, which has been ranked as the fastest-growing city in the U.S. over the past five years.

Greer Oliver

JLL worked on behalf of the seller, Kentwood Ventures, to facilitate the sale to MDH Partners, LLC. KV Buckeye 10, completed in August 2023, is situated on an 18.7-acre site and consists of two buildings: one spanning 115,200 square feet and the other covering 134,300 square feet.

John Lydon

The project was designed to seamlessly accommodate tenants of various sizes, from mid-bay to large enterprises, with optimal efficiency.

Additionally, the project is the only existing Class A industrial project in Buckeye with spaces available below 50,000 square feet.

Strategically positioned off the I-10 Freeway and Verrado Way, KV Buckeye 10 offers unparalleled access to the West Valley. Tenants benefit from high visibility along the I-10 Freeway, with convenient proximity to the Inland Empire, the Ports of Los Angeles and Long Beach, all within a travel time of 4.5 to 5.5 hours.

Jim Zemezonak

“Kentwood was fortunate to benefit from locating early in the robust I-10 corridor, dependable backers in ICM and CIBC and reliable support from the City of Buckeye,” said Jim Zemezonak at Kentwood Ventures.

The JLL Investment Sales and Advisory team was led by Senior Director Greer Oliver and Associate Connor Nebeker-Hay, who represented the seller in this transaction. JLL’s Managing Director John Lydon and Vice Presidents Hagen Hyatt and Kelly Royle were also retained by MDH to continue serving as the project’s leasing team.

Connor Nebeker-Hay

"KV Buckeye 10 is a rare investment opportunity," said Oliver. "It offers stable cash flow with 60% of the project already leased, and there is potential to create value by leasing the remaining space.

"The demand for small and midbay tenant sizes in Buckeye has remained robust, as there are no available spaces for tenants requiring less than 50,000 square feet. This strong demand is evident in the project being 43% pre-leased prior to completion."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Hagen Hyatt

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.