JLL completes first Phoenix sale of Black Rock Coffee Bar location in Mesa, AZ

Black Rock Coffee Bar Building, Mesa, AZ

Peter Bauman

 PHOENIX, AZ – On behalf of SimonCRE, the Phoenix office of JLL has completed the sale of a stand-alone retail/restaurant building in Mesa, Arizona that is fully occupied by Black Rock Coffee Bar.

The transaction represents the first sale of a Black Rock-occupied building since the coffee franchise entered the Phoenix market in 2016. Black Rock Coffee remains the building’s primary tenant.

JLL Senior Vice Presidents Peter Bauman, Tivon Moffitt and Tyson Switzenberg, and Senior Managing Director Dennis Desmond represented the building developer and owner, SimonCRE, and the property buyer, The Emas Family Trust, in the $1.7 million transaction.

Tivon Moffitt

“SimonCRE develops phenomenal product and this building – which is the first single-tenant, build-to-suit Black Rock Coffee location constructed in Arizona – was no exception,” said Bauman.

“The listing received an extreme amount of interest from the private capital market before it was sold in a 1031 exchange. Its new owner has a strong history in net lease Arizona properties and understands the value of this asset.”

“Having a great tenant like Black Rock Coffee and a location within such a strong trade area made this a tremendous investment opportunity,” said Joshua Simon, CEO and Founder of SimonCRE. “We were thrilled to be a part of this project and be a part of Black Rock Coffee’s expansion in Arizona.”

Tyson Switzenberg

The free-standing Black Rock Coffee building is a custom build-to-suit space featuring indoor and outdoor seating and a drive through. 

Scottsdale-based SimonCRE completed the project in February of this year. Black Rock Coffee took occupancy in March.

A full-service commercial real estate developer, SimonCRE specializes in ground-up development, build-to-suits and redevelopment projects across the United States. 

Its Mesa Black Rock Coffee building is located at 1440 S. Higley Rd., within a Lowe’s-anchored retail center and situated immediately south of the US 60 in Mesa, Arizona. The site offers a hard, signalized corner with monument signage, high traffic counts and strong demographics.

“Phoenix represents a major growth market for Black Rock,” said Switzenberg, who since 2016 has completed multiple Phoenix-area leases for the Black Rock Coffee concept. “Our communities have responded well to each new location, and that has Black Rock on a steady search for more Valley site opportunities.”

Dennis Desmond

Based in Portland, Oregon, Black Rock Coffee Bar operates more than 53 company-owned and franchise stores in Arizona, California, Idaho, Oregon and Washington, and coming soon to Colorado. 

Each Black Rock Coffee Bar serves single origin coffee roasted in small batches and medium to dark blends, as well as local pastries, smoothies, drinks for kids, juices and blended coffee drinks.

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. 

In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Joshua Simon

In Phoenix, JLL is a market leader employing more than 580 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. 

In 2017, the Phoenix team completed 35.7 million square feet in lease and sale transactions valued at $1.9 billion, directed $112 million in project management and currently manages a 24.2 million-square-foot portfolio. 

For more information, please contact:

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

ir.jll.com or www.jll.com/phoenix.

Bull Realty Brokers $10.4 Million Medical Office Building Sale in Knoxville, TN

Knoxville Dermatology Group building,, Knoxville, TN

Michael Bull

ATLANTA, GA — The Healthcare Real Estate Services Group at Bull Realty brokered the sale of the Knoxville Dermatology Group building, a Medical Office Building located on 2.65 acres in Knoxville, TN. The sale closed on July 16, 2018 for $10,400,000.

The property is 100% occupied by Knoxville Dermatology Group, who has been in the Knoxville market for more than 40 years.

The team of Michael Bull and Paul Zeman with Bull Realty represented the seller, Dermatology Investment Group, LLC. 

“The seller saw the timing appropriate to sell before interest rates rise further. The marketing generated multiple competing offers from a wide range of buyer types,” said Bull.  

Paul Zeman

Healthcare Real Estate Services (www.HealthcareRealEstateServices.com) are specialty brokers with Bull Realty, Inc. (www.BullRealty.com), a commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing, management and advisory services. The firm also produces and hosts America’s Commercial Real Estate Show (www.CREshow.com).

Bull Realty TN License # 259046

 For more information, please contact:

Melissa Henry

Communications Manager

Bull Realty, Inc. 

404-876-1640 x 110

BullRealty.com

CREshow.com

ATLCREshow.com

Levin Johnston Directs $25 Million Sale of Two Self-Storage Facilities in Highly Sought-After Silicon Valley Submarket

Self-Storage Facilities, Los Gatos, CA

SILICON VALLEY, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the sale of two institutional quality self-storage facilities in the highly desirable Los Gatos submarket of Silicon Valley, California.

Adam Levin

Adam Levin, Senior Managing Director of Levin Johnston and Jacob Becher, Vice President of Investments and Associate Member of National Self Storage Group at Marcus & Millichap, represented the buyer, a private high net worth family seeking to expand its portfolio, as well as the seller, a private high net worth individual, in the transaction.

“This transaction is a strong example of value creation through diversification in the commercial real estate industry,” says Levin. “We brought in a buyer that historically invested only in multifamily properties and was accustomed to very tight cap rates. 
"By bringing these two entities together, we were able to help the buyer diversify the family’s portfolio while also helping the seller to achieve a premium price that was attractive to both parties.”

Jacob Becher

Levin notes that the buyer understood the value in the strategy and recognized that the higher sale price was the key to securing the property while remaining well within its acquisition criteria.

“These are trophy assets in a high-end, core market where the residual land value will sustain and likely appreciate,” says Levin. “By approaching the transaction with a wealth management mindset, we were able to compete with national interest among self-storage buyers and ultimately direct a transaction that was a win for both the seller and the buyer.”

The two facilities, 688 University Avenue and 17443 Farley Road West, are located less than half a mile apart and within two miles of two primary Bay Area thoroughfares: SR-17 and SR-85.

For more information, please contact:

Alex Caswell / Jenn Quader 

Brower Group

(949) 955-7940

acaswell@brower-group.com

levinjohnston.com.

Hold-Thyssen Closes on New Office Leases for Two New Businesses Opening in Tampa Bay Area

Theresa Margaris

Tampa, FL--- Hold-Thyssen, Inc., a full service commercial real estate firm, recently negotiated two new multi-year leases for professional office space in the Tampa Bay area communities of Lutz and Westchase.  

Leasing Associate Theresa Margaris at Hold-Thyssen’s Clearwater office negotiated both transactions representing the landlords.   

At the Van Dyke Professional Center in Lutz, where Tampa-based Trustee Management Services, LLC is the landlord, a partnership of experienced independent child therapists opened their first location in 2,500 square feet at 17539 Darby Lane.  The tenant, Shaping Expectations Therapy, LLC will serve new and existing clientele in the surrounding community.

At Westchase Commons in Tampa Margaris negotiated a lease on behalf of local landlord Mason Properties Enterprises, LLC.

  The tenant Tidewater Foot & Ankle Associated, Inc. headed by Dr. Megan Johnson is a newly established podiatry practice that entered into a long-term lease of a 1,750 square foot, newly constructed office in the complex.    

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States. 

For more information, please contact:

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, Inc. 813-880-7100 ext303 rfisher@HoldThyssen.com

Theresa Margaris, Leasing Associate, Hold-Thyssen, Inc.

813-880-7100 TMargaris@HoldThyssen.com

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com

Graycor Chosen to Build Prologis I-17 Logistics Center – Phase I in Phoenix, AZ

  

Rendering of planned Prologis 1-17 Logistics Center, Phoenix, AZ

 PHOENIX, AZ – Logistics real estate leader Prologis, Inc. has selected Graycor Construction Company as the general contractor for its new Prologis I-17 Logistics Center – Phase I, a Class A flex industrial development that sits on 25 acres of prime infill space within Phoenix’s 7^th Street corridor.

When complete, Phase I will total four buildings and 558,712 square feet, divisible from 25,000 to 211,000 square feet. The project is located at 2111 - 2145 S. 7^th St. in Phoenix, at the highly visible southeast corner of 7^th Street and Interstate 17, and with 1,100 feet of I-17 frontage. 

Rusty Martin

The site was previously occupied by Ameron, a major concrete cylinder pipe manufacturer.

“Prologis 1-17 Logistics Center will replace 20 outmoded buildings, which were demolished over the last three months, with modern Class A construction and an extremely rare industrial infill site that sits in the heart of the 7^th Street corridor,” said Graycor Construction Company Project Executive Rusty Martin.

“It is a wonderfully unique project, and we appreciate the trust that Prologis has placed in Graycor to make the development a reality.”

“This development will offer state-of-the-art features to meet the needs of today’s logistics users – e-commerce, freight forwarding and Last Touch^TM distributors – who need and value proximity to Phoenix’s prime central submarket,” said Prologis Investment Officer and Managing Director Fritz Wyler. 

“Prologis is pleased to work with the Graycor team again, having successfully completed a 475,000 square foot project with them that was leased to Amazon last year.”

Graycor will begin construction at Prologis 1-17 Logistics Center this month, with completion slated for first quarter 2019. When finished, Phase I will total four buildings ranging in size from 82,284 to 211,208 square feet.

Fritz Wyler

Each will offer 32-foot clear height, 52- x 50-foot column spacing, 135- to 210-foot truck courts and the flexibility to accommodate multiple mid-size users. 

The property is three minutes from downtown Phoenix and seven minutes from Sky Harbor International Airport.

As general contractor, Graycor represents 97 years of building experience and more than 1,500 construction experts across the U.S.

 Locally, the Graycor legacy extends over more than three decades, with a portfolio that includes landmark industrial projects such as Prologis Park Riverside, Liberty Logistics Center II, Buckeye Logistics Center, FedEx Chandler Sorting and Distribution Center, and Home Depot Distribution Center.

For more information, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

HFF announces $250 million financing for office and hotel mixed-use development in the San Francisco Bay Area

Rendering of planned Ameswell Mountain View mixed-use development, Mountain View, CA

 SAN FRANCISCO, CA –– HFF announces the $250 million capitalization for the development of Ameswell Mountain View, a fully entitled, mixed-use project comprising a 255-room upscale, independent hotel and a 216,700-square-foot Class A, LEED-Platinum office building in Mountain View, California.

Bruce Ganong

The HFF team worked on behalf of the developer, Broadreach Capital Partners, LLC, to arrange a joint venture equity partnership with Rockwood Capital, LLC.  Additionally, the HFF team worked on behalf of the parties to secure the $140 million construction financing with Wells Fargo Bank.

Ameswell is ideally positioned directly off Highway 101 and Moffett Boulevard in Mountain View and has access to Highways 85 and 237 and Interstate 280, which provide direct access to the entire Bay Area. 

The development is at the epicenter of Silicon Valley, surrounded by the largest technology companies in the world, venture capital and a highly educated workforce. 

Google, Amazon, Microsoft, Apple and Intuit are within a 2.5-mile radius of the project, and the Mountain View Baby Bullet Caltrain station is less than one mile from the property.

Michael Leggett

 The Ameswell Hotel will be one of Silicon Valley’s most prominently located, newly constructed independent lodging properties with modern luxury amenities and experiences. 

The hotel will feature creative, local design with a strong emphasis on art and technology; 6,258 square feet of premier meeting and event space; 

imaginative food and beverage offerings, which include a destination bar and restaurant and curated grab-and-go market; spacious guestrooms; abundant outdoor gathering spaces with a swimming pool, fire pits, bocce ball court and a large lawn; and sustainable operating practices. 

Ben Bullock

The steel-frame, five-story LEED-Platinum creative office building will have best-in-class construction featuring floor-to-ceiling glass lines that provide abundant natural light, 14-foot ceilings and 47,000-square-foot floorplates.  

Amenities include a 2.5-acre park, terraces and break-out areas to merge workspace and nature, dedicated bike and pedestrian trails and electric vehicle charging stations.  A six-tier parking structure will support the development.

The HFF equity and debt placement team consisted of senior managing directors Bruce Ganong and Michael Leggett, co-head of HFF’s West Coast team; senior director Ben Bullock; director Thomas Foley and analysts Austin White and Bercut Smith.

Thomas Foley

“Ameswell is one of the last fully entitled mixed-use development sites in Mountain View with prominent visibility from Highways 101 and 85,” Bullock said. 

 “With a submarket vacancy rate of less than five percent for Class A office in Mountain View, Ameswell is poised to capitalize on the abundant tenant demand for new product.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

For more information, please contact:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

http://www.rockwoodcap.com.

broadreachcp.com.

D'milikah Swimwear x Bella Fashion Designs Creates Super Chic Miami Swim Week July 22

Emily Gonzaga WHO: D'milikah Swimwear x Bella Fashion Designs WHAT: Super Chic Miami Swim Week WHEN: Sunday, July 22nd 4-8pm WHERE: posh Pullman Hotel, 5800 Blue Lagoon Drive, Miami, FL MIAMI, FL -- Brazilian-born fashion designer Emily Gonzaga Introducies "a fashion experience you don't want to miss out on." She states,  "The best styles from local boutiques and designers in South Florida and nationally; just in time for summer. Reserve your tickets today!" https://www.eventbrite.com/e/super-chic-miami-swim-week-2018-tickets-46741706703 ​More about D'milikah and Emily Gonzaga: ​Founded by Emily Gonzaga, Brazilian born designer raised in Sa​n​ Pa​o​lo, D’Milikah​ is a fashion brand offering an array of swimwear to make any woman feel and look her absolute best.   Her label is one of​ ​Brazil’s most recognizable contributions to swimwear​. ​ ​F​ew designers have attempted to integrate Brazilian influence​ and​ designs cater to “real women” with “real bodies.”  D’Milikah brings awareness to the ​idea that women of every shape and form can embrace Brazilian beauty​.  ​While magazines portray Brazilian women as having beach​ ​ready figures, the reality is​ ​that like women from all around the world, Brazilian women come in all sizes. ​  ​"Therefore," Gonzaga states, "Brazilian swimwear does not have to be synonymous with so called “perfect” bodies. ​ ​Beauty comes in different shapes and sizes. ​ "D’Milikah​ designs​ ​are diverse and individual. Most importantly, they are​ ​stylish – whether you plan a great tan or hitting the waves​. ​ "Whether it is the perfect​ ​bikini​ ​or one​ ​piece swimsuit​, ​a woman searching for style, comfort​ ​and fit should never compromise.  "As every woman knows, a good swimsuit is not only one that looks incredible on the rack, but one that can also sustain its shape and fit​ ​throughout many wears. "Every piece of swimwear from D’Milikah is made from the highest quality Lycra that fits a women’s body to a ‘t’, in or out of the water. ​  ​​ "The ​design’s no longer end with swimsuits and beachwear; check out our new accessories pages to find the perfect​ ​finishing touch to any outfit in the sand or out for a night on the town. "D’Milikah designs, distribution and manufacturing process have been customized to achieve high quality standards; these continuous efforts are now recognized in the international arena.  For more information, please contact: CEO (ceo@do-tellpr.com) ​dmilikah.com