JLL Capital Markets helps Machine Investment Group and RH secure $20 million bridge financing for Hilliard Village apartments in Columbus, OH

 

 Medina Spiodic

WASHINGTON, DC -- JLL Capital Markets has secured $20 million bridge financing for Hilliard Village, a 352-unit vintage, garden-style apartment community in Columbus, Ohio.

 

JLL worked on behalf of the borrowers, Machine Investment Group and RH, to arrange the three-year, fixed-rate loan through The Bancorp, Inc.

 

Machine Investment Group and RH are opportunistic investors actively seeking distressed opportunities.  Hilliard Village, built in 1973, was sourced off market and had an occupancy rate of approximately 56% at the time of closing.

Jamie Leachman

The Sponsor plans an extensive cap ex program as part of the turnaround story including renovation to the interior units, common areas and amenities. The apartment complex features one-, two- and three-bedroom units, as well as various amenities including a fitness center, pool, playground and clubhouse.

 

Located at 3400 Twin Creeks Dr., Hilliard Village is conveniently close to downtown Columbus. Located in the west side of the city, within the sought-after Dublin and Hilliard submarkets, the immediate neighborhood is middle-class suburb with a significant number of manufacturing, warehouse and logistics employers in the immediate vicinity.

 

Columbus, is a rapidly growing city driven by strong government activity, a thriving corporate presence and The Ohio State University. With a population of 2.2 million, it ranks first among large Midwest metro areas for population and job growth.

Carter Wroblewski

The city offers an affordable cost of living, highly regarded school systems and world-renowned hospitals, providing a high quality of life for its residents. Columbus is also attracting major investments, such as Intel's $20 billion manufacturing mega-site in New Albany, which will bring over 3,000 jobs to the area.

 

JLL Capital Market’s Debt Advisory team representing the borrowers was led by Senior Managing Director Jamie Leachman, Director Medina Spiodic and Director Carter Wroblewski.

 

CONTACT:

Gréta Kieras​​​​ Senior Associate,  Public Relations JLL Capital Markets T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877

us.jll.com/capitalmarkets

 

JLL promotes Ryan Bartos to Head of Phoenix Tenant Rep Division

Ryan Bartos 

 PHOENIX, AZ – The Phoenix office of JLL  has promoted Ryan Bartos to market lead of its Tenant Rep Advisory Group. In his new role, Bartos is responsible for overseeing all brokerage activity for the company’s Phoenix tenant representation office team.

 “Ryan has been a key member of the JLL team since joining our firm more than seven years ago,” said JLL Executive Managing Director Pat Williams. “He is a natural leader and we are confident in his ability to continue to drive our tenant rep success in Arizona.”

 

The Phoenix office of JLL was formed 25 years ago when it purchased The Staubach Company, at the time ranked as Phoenix’s top tenant representation brokerage. Since that time, JLL has combined its global platform with local industry experts to become a full-service provider spanning the leasing, investment and management sectors, with a mission to shape the future of commercial real estate.

 

Pat Williams

“JLL’s Phoenix tenant representation roots run deep,” said Bartos. “We have a talented team who provides companies with the insight and strategies they need to grow and thrive. This not only supports our JLL clients but also the community at large by creating new jobs and new avenues of economic growth. I am proud to continue that tradition.”

 

Bartos began his commercial real estate career in 2009 as an Associate Broker in the Office Properties Division of Cushman & Wakefield. He moved to JLL in 2016, advancing from Executive Vice President to Senior Managing Director where he supports high-growth tenants locally, nationally and globally in every stage of the office real estate process.

 

Across his career Bartos has completed over 15 million square feet of lease transactions totalling over $1 billion in lease consideration.

 

Bartos was honored as the 2022 NAIOP Arizona Tenant Rep Broker of the Year and in late 2023 completed metro Phoenix’s largest office lease of the year, establishing a 136,194-square-foot inbound contact center for Peckham Inc. that would offer up to 1,000 jobs.

 

Bartos will be headquartered out of the JLL Phoenix office, located at 4300 E. Camelback Rd.

 

 

CONTACT:

 

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

Stevens-Leinweber Delivers Empire 101 Industrial Infill Project for KBC Advisors in Peoria, AZ

Empire 101, a brand new Class A industrial
building at 8850 West Sweetwater Avenue
in Peoria, AZ, offering Loop
 101 freeway frontage

 

 Mike Freret

PEORIA, AZ – On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction (SLC) has delivered Empire 101, a brand new Class A industrial building offering Loop 101 freeway frontage, just 12 minutes from the growing Taiwan Semiconductor Manufacturing Company’s (TSMC) Arizona FAB campus.

Located at 8850 W. Sweetwater Ave. in Peoria, Arizona, Empire 101 offers immediate freeway access via the North Cactus Road interchange. 

The 153,145-square-foot building features 32’ clear height, 21 dock doors, two drive-in bays, ten levelers, 90 clerestory windows and generous power. 

Mike Ciosek

It offers a fully secured truck court, a 65,000-square-foot secured yard and parking for 144 automobiles, expandable to over 200 total spaces.

 

“Empire 101 provides brand new construction on a prime infill site – a rare combination in Phoenix that will empower its tenant with access to almost 2.5 million residents within a 30-minute drive and extreme proximity to TSMC, the $64 billion, three-fab investment that is transforming Arizona into a semiconductor powerhouse,” said KBC Advisors Partner and Arizona market lead Mike Freret. “Empire 101 offers immediate entre into this market, with the state-of-the-art features and quality that KBC is known for.”

Erik Powell

“This is a true turnkey building, with full air conditioning, dock packages, heavy power, a significant truck yard and 2,000 square feet of spec office space ready on day one – in an area that is becoming a new hub for metro Phoenix industrial tenancy,” said Stevens-Leinweber Construction Executive Vice President Erik Powell.

 

Stevens-Leinweber Construction serves as Empire 101’s general contractor. Deutsch Architecture is the architect. Mike Ciosek and Eric Bell of Kidder Mathews are the building’s exclusive leasing brokers.

Eric Bell 

“Our industry is currently delivering millions of square feet of warehouse construction in the Valley.  This project stands apart from its competition by offering some features that others don’t, namely freeway frontage, turn-key specifications and a fully secured yard for outdoor storage,” said Ciosek. “We’re looking for that tenant that can take advantage of these options from the typical in-line offerings.”

 

Empire 101 is located 30 minutes northwest of downtown Phoenix and Sky Harbor International Airport and 15 minutes from Glendale Municipal Airport, and just 12 minutes from the new TSMC Fab plant.

For leasing information, please contact Ciosek or Bell at 602.513.5200.

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com