Citywide Commercial of Phoenix, AZ Expands with Six New Broker Hires

Todd Hamilton

PHOENIX, AZ, Aug. 27, 2019 – Less than a year after its formation, boutique metro Phoenix brokerage firm Citywide Commercial has expanded with six new brokerage team members.

The additions allow the company, which specializes in commercial real estate properties of all types and sizes, to expand by geographic presence and bandwidth. 

“Our goal for now is to double in size on an annual basis,” said Citywide Commercial Founder and Managing Principal Todd Hamilton.

Jack Scanlan

 
“Strong market projections have made this not only a realistic goal but also a gratifying one to achieve, particularly when it means adding such knowledgeable and well-respected brokers to our team.

”They share the same passion for customer service, and have come on board ready to expand our collective presence in the Valley.”

The new members of the Citywide Commercial team are:

Bo Sederstrom

Bo Sederstrom, Senior Sales & Leasing Agent. A 30-year industry veteran, Sederstrom specializes in tenant and landlord representation, most recently including negotiations for an almost $50 million life science lease in metro Phoenix.

 He is a member of the ASU WP Carey College of Business Alumni Board of Directors, ASU Presidents Club and Sigma Alpha Epsilon Phoenix Alumni Association Board of Directors, and is Past President of the City of Phoenix Industrial Development Authority.

Scott Wiley

Jack Scanlan, Associate Broker. Scanlan offers more than 42 years of corporate ownership and sales expertise.

 He specializes in industrial warehouse leasing and provides professional representation for commercial building owners. Scanlan’s primary focus is the metro Phoenix West Valley.

Scott Wiley, Associate Broker. Wiley’s career spans 17 years and more than $500 million in transactions, with a specialty focus on industrial properties.

 He holds a bachelor’s degree in computer systems and is a U.S. Army veteran, with service as a Battlefield Control Communication Specialist.

Scott Craig

Scott Craig, Sales & Leasing Agent. Specializing in the Northeast Valley with a focus on the Scottsdale Airpark, Craig applies more than 20 years of small- and mid-size business expertise to locate companies in well-matched office, retail and industrial space.

 He holds a bachelor’s degree in Science in Information Systems and a master’s degree in management information systems.

Garrette Golding, Sales & Leasing Agent. Golding has been leasing and selling commercial real estate since 2017.

 Prior to this, he worked for a large financial services company where he supported independent advisory firms with $5 billion in assets under management. He holds Series 7, Series 66 and Series 9 licenses.

Garrette Golding

Ken Schawl, Sales & Leasing Agent. Ken specializes in industrial sales and leasing for tenants and landlords, with a focus on the Southwest Valley submarket including Avondale, Glendale, Goodyear, Tolleson and West Phoenix. Prior to joining Citywide, Ken served as a broker for Phoenix West Commercial.

Citywide Commercial Real Estate is located in the heart of the Camelback Corridor at 2122 E. Highland Ave., Suite 335, in Phoenix.

For additional information, contact the company at 602.313.1000 or www.citywidecre.com.

About Citywide CRE

Citywide Commercial Real Estate is a boutique commercial real estate firm specializing in commercial real estate properties within the greater Phoenix market.

Ken Schawl

Under the direction of industry veterans, Citywide provides expertise in all stages of commercial real estate investment including site selection, investment strategies, leasing and property marketing.

On each front, the company lives out its mission to provide innovative, results-oriented, customer-first services that maximize the potential of every industrial asset in its care. 

To learn more, please visit www.citywidecre.com.

  

MEDIA CONTACT:

Stacey Hershauer

480.600.0195

stacey@focusaz.com

Arbor Funds Fannie Mae Small Loans Totaling $8.3 Million in Philadelphia, PA and Milwaukee, WI

                                     

Eric Regenbogen

UNIONDALE, NY, Aug, 27, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed two Fannie Mae Small Loans providing $8.3M in acquisition funding.

Located in the Roxborough area of Philadelphia,
 6161 Ridge Avenue is  a 27-unit, four-story complex

  

 6161 Ridge Ave. in Philadelphia, PA, a 27-unit, four-story complex, received $5.4M, while 28 West Apartments in Milwaukee, WI, an 89-unit, three-story property, received $2.9M.

Eric Regenbogen of Arbor’s Uniondale office originated the loans.

28 West Apartments in Milwaukee, WI
is an 89-unit, three-story property.

“This is a perfect example of how acquisitions in two different markets benefitted from customized  Fannie Mae executions,” said Regenbogen. “And, it clearly demonstrates Arbor’s superior expertise and deep relationships with the lending agencies.”

Located in the Roxborough area of Philadelphia, 6161 Ridge Ave. delivers amenities ranging from stainless steel appliances to on-site parking options. It’s also a quick walk or drive to local shopping centers, colleges, mass transit and recreation.

28 West Apartments is conveniently located near downtown Milwaukee with easy highway access.

The residences feature new kitchen cabinets, countertops and appliances; spacious closets; wall-to-wall carpeting and window coverings; on-site laundry facilities; and 24-hour emergency maintenance.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

JLL closes $18 million sale of Syracuse, NY medical office property

Steven Rutman

NEW YORK, NY – JLL announced it has closed the $18 million sale of Crouse Medical Center, which comprises two connected buildings totaling 173,466 square feet of medical office space in Syracuse, New York.

JLL marketed the property on behalf of the seller, Brittonfield Associates. ICONIC Property Partners purchased the asset and assumed the existing loan.

Crouse Medical Center consists of a one-story medical office building along with a three-story professional office building that is transitioning into a medical office. 

The 88.8%-leased property is anchored by Crouse Health System, which is a two-hospital, 514-bed, not-for-profit integrated health network. 

Ben Appel

At this location, Crouse Hospital offers neurology, women’s care, internal medicine, physical rehabilitation, cardiology and imaging along with non-hospital clinical services, including ophthalmology, gastroenterology and laboratory services. 

Situated on 18.46 acres at 5000 Brittonfield Parkway, Crouse Medical Center is about 10 miles from Crouse Hospital and is adjacent to Interstate 481 and one mile from Interstate 90.

The JLL Capital Markets team representing the seller was led by Director Steven Rutman, Managing Director Ben Appel, Senior Managing Director Jose Cruz and Managing Director Rob Rizzi.

Jose Cruz 

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

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

Rob Rizzi

 About ICONIC Property Partners

ICONIC Property Partners is a private commercial real estate investor, operator and manager exclusively focused on quality office and industrial properties in major secondary markets throughout the eastern half of the United States.

 ICONIC Property Partners is based in Mahwah, New Jersey, and is led by Principal’s Yaakov Leiser and Zack Schwartz. 

About JLL

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

Yaakov Leiser 

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 annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

Contact: 

Steven Rutman, JLL Director

New York License No:  10401278083

Phone: +1 212 245 2425

Email: steven.rutman@am.jll.com

Ben Appel, JLL Managing Director

Phone: +1 484 532 4200

Email: ben.appel@am.jll.com

Kimberly Steele, JLL Digital Content/PR Specialist

Phone: +1 713 852 3420

Email: kimberly.steele@am.jll.com

conicpropertypartners.com.

jll.com.

JLL secures $43 million financing for Morris County, NJ apartments

Signature Place, a 197-unit, luxury apartment community
in Morris Plains, Morris County, NJ

MORRISTOWN, NJ – JLL announced  it has arranged $43 million in financing for Signature Place, a 197-unit, luxury apartment community in Morris Plains, Morris County, New Jersey.

Jon Mikula

JLL worked on behalf of Mack-Cali Realty Corporation, acting on behalf of Roseland Residential Trust, to place the five-year, fixed-rate loan with Nationwide Life Insurance Company. Loan proceeds replaced the existing construction loan.

Signature Place is located at 250 Johnson Road on a site that was formerly improved with a vacant Mack-Cali office property. 

Completed in 2018, the property provides access to employment centers in Northern New Jersey and New York via NJ Transit’s Morris Plains train station and Interstates 287 and 80. 

Additionally, the property offers access to Morris County’s recreational, dining and shopping destinations along Route 10. Signature Place consists of a mix of one-, two- and three-bedroom units featuring high-end finishes such as wood-plank flooring, tiled bathrooms with soaking tubs and Moen fixtures, USB ports and private balconies or terraces. 

Greg Nalbandian 

The community offers a variety of resort-like amenities, including an outdoor swimming pool with hot tub; designer club room with a communal fireplace, lounges, billiards and shuffleboard; state-of-the-art movie theater; two upscale conference rooms; golf simulator; fitness center; tennis courts; alfresco social venue with fire pit, TV, gas grills and dining areas; dog run and pet spa; and a walking trail.

The JLL Capital Markets team representing the borrower was led by Senior Managing Directors Jon Mikula and Greg Nalbandian and Analysts Andrew Zilenziger and Carlos Silva.

“Roseland was seeking a five-year, fixed-rate loan with maximum prepayment flexibility,” Nalbandian said. “Nationwide delivered an overall excellent deal with very tight pricing, full-term interest only and optimum prepayment structure.”

 

Andrew Zilenziger 

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

About Roseland Residential Trust

Roseland Residential Trust is an owner, manager and developer of luxury lifestyle-oriented multifamily and mixed-use properties in select waterfront and transit-oriented markets throughout the Northeast. 

A subsidiary of Mack-Cali Realty Corporation, one of the country's leading real estate investment trusts (REITs), Roseland is the master developer for several nationally recognized mixed-use destinations, including Port Imperial, a $3 billion, 200-acre community on the Hudson River Waterfront in New Jersey.

Carlos Silva

A recognized leader in multifamily innovation, Roseland is known for creating locally inspired communities that enhance the beauty, economic vitality and energy of their surrounding environs. 

Fully integrated and self-managed, the company comprises a team of professionals committed to enriching the quality of life in each of its communities.

Contacts: 

Jon Mikula, JLL Senior Managing Director 

Phone: +1 973 549 2000

Email: Jon.Mikula@am.jll.com

Gregory Nalbandian, JLL Senior Managing Director

Phone: +1 973 549 2000

Email: Gregory.Nalbandian@am.jll.com

 Olivia Hennessey, JLL Public Relations Specialist

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

U.S. newsroom

 jll.com.

roselandres.com.

JLL secures $28 million financing for suburban Boston office complex

Lauren O'Neil

BOSTON, MA – JLL announced it has secured $28.077 million in financing for 10 and 20 Mall Road, two best-in-class suburban office buildings totaling 154,378 square feet in the Boston-area community of Burlington, Massachusetts.

JLL worked on behalf of the borrower, R.J. Kelly Co., Inc, to secure 10-year, fixed-rate financing with Peoples United Bank.

10 and 20 Mall Road are situated at the intersection of Route 128/Interstate 95 and Route 3 in Burlington, which is located just 12 miles north of Boston.  

Brett Paulsrud

Considered one of the strongest suburban office markets in the country, Burlington is home to major corporate tenants such as Oracle, Keurig and Raytheon, and is one of the most sought after live/work/play neighborhood’s for Boston’s highly educated workforce.  

10 Mall Road contains 58,160 square feet and is leased to four tenants while  20 Mall Road is leased to approximately 20 tenants and consists of 96,218 square feet.  

10 Mall Road contains 58,160 square feet and is leased to four tenants in Burlington, MA 

Amenities at the buildings include fitness centers, locker rooms, showers, dramatic light-filled atriums, on-site restaurant and conference facilities and ample parking.  

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Lauren O’Neil, and Senior Director Brett Paulsrud.

“JLL was able to work closely with the R.J. Kelly team to secure a loan that met their long-term objectives for the assets,” said Paulsrud. “It is great to see R.J. Kelly’s long-term commitment to Burlington and is always a pleasure working with such a best-in-class organization.”

20 Mall Road is leased to approximately 20 tenants
and consists of 96,218 square feet in Burlington, MA

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

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.

 The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Brokerage services now provided by Jones Lang LaSalle Americas, Inc., a licensed real estate broker.

Contact:

 Kristen Murphy, JLL Director, Public Relations 

Phone: +1 617 338 0990

Email: Kristen.Murphy@am.jll.com

U.S. newsroom.
 jll.com.

OTL Makes a Splash -- Announces New Headquarters to Accommodate Global Growth

New headquarters location for Outside the Lines (OTL)
at 2150 S Towne Centre Place, Suite 100
 in Anaheim, CA

            ANAHEIM, CA – Outside the Lines (OTL), a design-build construction company that specializes in creating one-of-a-kind water features, rockwork and themed environments for shopping centers, resorts, theme parks, zoos, aquariums, and other attractions, has announced a new headquarters location to accommodate the firm’s rapid global growth.

            OTL’s new location is in Anaheim, California, and offers more than double the space of its predecessor.  The firm, creates immersive and entertainment-driven water, light, and fire elements for commercial and public properties throughout the globe.

 J. Wickham Zimmerman

            “OTL has long been an industry leader in the world of water features and themed environments, and worldwide demand for our services continues to grow,” says J. Wickham Zimmerman, Chief Executive Officer of Outside the Lines. “We plan to capitalize on this uptick in activity, and continue to rapidly expand throughout the industry.”

          
CONTACTS:

Katie Clendening or Jenn Quader                                               

Brower, Miller & Cole

(949) 955-7940

kclendening@browermillercole.com

Berger Commercial Realty Leases Last Vacancy at Sawgrass Plaza in Fort Lauderdale, FL to New Pan-Asian Restaurant

  

 

Mary Harris

  

FORT LAUDERDALE, FL, Aug. 26, 2019 – Berger Commercial Realty/CORFAC International Sales Associate Mary Harris recently represented Bergeron Sawgrass Plaza, LLC in leasing 3,900 square feet of restaurant space at Bergeron Sawgrass Plaza to Tini Gardens, which plans to open a new Pan-Asian restaurant concept.

Located at 12705 W. Sunrise Blvd., Bergeron Sawgrass Plaza is a 27,000-square-foot retail building situated on the west side of the White Seahorse Way entrance to Sawgrass Mills.

Tini Hui 

 Tenants include Don Pan Sawgrass, America’s Escape Game, Jimmy John’s and UPS. With the transaction, the property was brought to 100 percent occupancy.

The tenant was represented by Tini Hui of the Keyes Company in the transaction.

For more information about Berger Commercial Realty’s landlord representation services, please call 954-358-0900.

CONTACT:

Lexi Robinson 

lrobinson@PiersonGrant.com

JLL sells two buildings for $11.7 million in Phoenix, AZ and Tempe, AZ for Southwest Kidney Institute

The buildings are located at 8410 West Thomas Road in Phoenix and 2149 East Warner Road. in Tempe.
They total 21,483 and 9,942 SF, respectively.

PHOENIX, August 26, 2019 – The Phoenix office of JLL has completed the sale of two medical office buildings owned by SKI Properties.

Together, the buildings total 31,425 square feet and are 100 percent leased by Southwest Kidney Institute (SKI) and a partnership between SKI and DaVita dialysis services (NYSE:DVA).

The two-building sale achieved a cumulative price of $11.17 million. JLL Executive Vice President Brian Ackerman facilitated the transaction as an off-market, sale leaseback on behalf of SKI Properties. The buyer is Canvass Capital, representing a large family office.

Brian Ackerman

The buildings are located at 8410 W. Thomas Rd. in Phoenix and 2149 E. Warner Rd. in Tempe and total 21,483 and 9,942 square feet, respectively.

“Both of these buildings reflect key attributes that investors look for in medical office space,” said Ackerman. 

“That includes strategic locations next to a major hospital and credit tenants who are likely to remain in place because of area demographics and high-end build-outs.”

The Thomas Road building sits near the intersection of 83^rd Avenue and is minutes from Banner Estrella Medical Center.

 The Warner Road building is near the Loop 101 freeway, Chandler Regional Medical Center, Banner Gateway Medical Center and Chandler Fashion Center. It also sits just south of ASU Research Park.

Contact: 

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com   

www.jll.com.