Isola completes lease for new state-of-the-art Chandler, AZ HQ

 Isola Group's new, 118,383-square-foot, state-of-the-art corporate headquarters at 6565 West Frye Road within Building 3
at the Lotus Project Chandle in Chandler, AZ

PHOENIX, AZ – Leading laminates manufacturer Isola Group has announced its move to a brand new, 118,383-square-foot, state-of-the-art corporate headquarters within building three at the Lotus Project Chandler in Chandler, Arizona.

Jackie Orcutt

The new global headquarters will consolidate Isola’s administrative, manufacturing and research and development activities from two area locations into one Class A, purpose-built flex industrial location.

Steve Larsen

JLL Executive Vice President Steve Larsen and Senior Vice President Jason Moore represented Isola in the lease transaction.

Jackie Orcutt, Rusty Kennedy, John Grady, James Cohn and Jonathan Teeter of CBRE represented the project landlord and developer, Conor Commercial.  JLL’s Project Development Services Team managed Isola’s build-out.

Locally based Isola is a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer printed circuit boards (PCBs).

It is also the first to sign within Lotus Project Chandler, a 53-acre mixed-use employment park that, at build out, will total over 650,000 square feet of Class A industrial and office space located just off of Kyrene Road, near the intersection of Interstate 10 and the Loop 202.

Jason Moore

“Isola has been one of Chandler's long-standing technology employers and we are thrilled that their new headquarters and operational facility will remain in our community,” said Chandler Mayor Kevin Hartke.

 “It has been a pleasure working with Isola throughout the site selection process and we wish them many more years of success.”

Using a modern cell-based manufacturing approach, Isola’s new Chandler facility is designed to quickly deliver smaller batches of the company’s broad product portfolio – an approach that responds to industry shifts from volume manufacturing to new product prototyping and early stage production.

“We’re very excited about the new facility and the significant opportunity it provides to optimize our ability in serving the evolving electronics market in North America,” said Isola Executive Vice Chairman and CEO Travis Kelly.

Rusty Kennedy

 “Our focus from the start of our search for a new location has always been to remain in the Chandler market, and JLL was a significant partner in this process.”

 “Isola’s new headquarters is ideally suited for its very specific needs,” said Moore. “That includes the clear height and power they require, and a location at the heart of a very talented employment pool.”

The new Isola headquarters is located at 6565 W. Frye Rd., within the Southeast Valley’s I-10 Technology Corridor.

John Grady

It is part of the two-phase Lotus Project advanced manufacturing and light industrial development, being developed by Conor Commercial and boasting 32-foot clear height ceilings, ample power, efficient loading capacity and abundant parking.

The project is less than one mile from I-10 and the Loop 202, less than 15 minutes from Sky Harbor International Airport and less than 20 minutes from downtown Phoenix.

“It’s exciting to see Conor Commercial’s vision for this site come to life,” said CBRE’s Jackie Orcutt. “With one outstanding tenant now a part of the Lotus Project story, we’re looking forward to welcoming many more companies to one of the premier industrial projects in the East Valley.”

James Cohn

 Isola is expected to begin a phased move-in of the new facility beginning in the fourth quarter 2019.

About Isola

Isola Group, headquartered in Chandler, Arizona, is a global material sciences company focused on designing, developing, manufacturing and marketing copper-clad laminates and dielectric prepregs used to fabricate advanced multi-layer printed circuit boards.

 Isola’s high-performance materials are used in sophisticated electronic applications in the communications infrastructure, cloud computing, automotive, military, medical and aerospace markets.

Jonathan Teeter 

Isola has over 1600 employees with technical support, sales, manufacturing and R&D facilities in Asia, Europe and North America. 

For more information, please visit our website at http://www.isola−group.com/.

About JLL

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

Chandler, AZ Mayor Kevin Hartke.

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 over 91,000 as of March 31, 2019. 

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

In Phoenix, JLL is a market leader employing more than 590 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 2018, the Phoenix team completed 75.3 million square feet in lease and sale transactions valued at $2.2 billion, directed $120 million in project management and currently manages a 32.4 million-square-foot portfolio. 

For more news, videos and research resources on JLL, please visit www.jll.com.

  

Contact: 

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

www.jll.com.

216-acre urban in-fill development site in Houston, TX for sale

Aerial photo of an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston, TX

HOUSTON, TX – JLL announced it has been named by The University of Texas System to market for sale or ground lease an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston, Texas.

Davis Adams

The property is less than three miles from the Texas Medical Center, the largest medical center in the world. 

Additionally, the site is located just south of the 610 Loop with Buffalo Speedway intersecting the property. 

Potential users for the site include life science companies, Big Pharma and biotech labs, as well as advanced medical manufacturing, public or private institutions of learning, government agencies and religious organizations. 

The site would also support high-density single-family, multi-housing and senior living uses.

Rusty Tamlyn 

The JLL Capital Markets team representing the seller is led by Managing Director Davis Adams and Senior Managing Director Rusty Tamlyn and also includes Executive Managing Director Scott Galloway and Senior Managing Directors Colby Mueck and Chris Curry.

“It is extremely rare to find a large contiguous development site in a premier infill location in any major market in the United States,” Adams said. “The site is ready for immediate development with proximity to billions of dollars of infrastructure located in the Texas Medical Center.”

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

Scott Galloway

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 Webpage: U.S. newsroom.

  

About The University of Texas System

For more than 130 years, The University of Texas System has been committed to improving the lives of Texans and people all over the world through education, research and health care. 

Colby Mueck 

With 14 institutions, an enrollment of nearly 240,000 students and an operating budget of $21.1 billion (FY 2020), the UT System is one of the largest public university systems in the United States. 

UT institutions produce more than 60,000 graduates annually and award more than one-third of the state’s undergraduate degrees and more than half of its health professional degrees. 

Collectively, UT-owned and affiliated hospitals and clinics accounted for more than 8.2 million outpatient visits and 1.6 million hospital days last year. 

Across UT institutions, research and development expenditures total $2.9 billion – the highest in Texas and second highest in the nation among public higher education systems – and the UT System is regularly ranked among the top 10 most innovative universities in the world. 

Chris Curry

The UT System also is one of the largest employers in Texas, with more than 21,000 faculty – including Nobel laureates and members of the National Academies – and more than 83,000 health care professionals, researchers and support staff.

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

Contact:

 Kristen Murphy

JLL Director, Public Relations 

Phone: +1 617 338 0990

Email: Kristen.Murphy@am.jll.com

 jll.com.

JLL arranges $11 million financing of New Jersey data center

50 Madison Road, a 125,871-square-foot data center in Totowa, NJ 

MORRISTOWN, NJ – JLL announced it has arranged $11 million in financing for 50 Madison Road, a 125,871-square-foot data center in Totowa, New Jersey.

JLL worked on behalf of the borrower, Russo Development, to place the 10-year, fixed-rate permanent loan with a life insurance company.

Completed in 2009, 50 Madison Road is a single-tenant data center that is fully leased to CyrusOne.  The property is located close to State Routes 202 and 46 as well as Interstate 80 in the Northern New Jersey community of Totowa.

Thomas Didio

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Thomas Didio.

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

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

Contact: 

Kristen Murphy, JLL, Director, Public Relations

Phone: +1 617 338 0990

Email: Kristen.Murphy@am.jll.com

www.russodevelopment.com

jll.com.

JLL closes $10.75 million sale of Portland, OR-area medical office plaza

Wilsonville Medical Plaza is a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, OR

Maria Poyer

SEATTLE, OR – JLL announced it has closed the $10.75 million sale of Wilsonville Medical Plaza, a 24,057-square-foot medical office building in the Portland-area community of Wilsonville, Oregon.

Evan Kovac

JLL marketed the property on behalf of the seller. A private investor in a 1031 exchange emerged through a highly competitive sale process and purchased the medical office property in an all-cash transaction.

Constructed in 2009, Wilsonville Medical Plaza serves as a strategic outpatient medical center for both Providence Health (Moody’s: Aa3) and Sports Medicine Oregon (SMO). 

The building is located on 2.25 acres at 29345 SW Town Center Loop approximately 15 miles south of downtown Portland in Wilsonville, an affluent community that is the fastest-growing suburb of Portland and the third fastest-growing city in Oregon.

 The property is strategically positioned for easy access and visibility from Interstate 5, the prominent north-south freeway that connects Portland to Salem. 

Andrew Milne

Within a mile of Wilsonville Medical Plaza, there are three well-regarded senior living communities, Brookdale Wilsonville, The Springs at Wilsonville and Portera at the Grove.

The JLL Capital Markets team representing the seller was led by Managing Director Evan Kovac, Directors Andrew Milne and Logan Greer, Senior Associate Trent Jemmett and Analyst Maria Poyer.

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

Logan Greer

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.

Trent Jemmett 

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.

About JLL

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

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: 

Kimberly Steele, JLL Digital Content/PR Specialist

Phone: +1 713 852 3420

Email: kimberly.steele@am.jll.com

jll.com.

GLT Group Brokerage Arranges $11.7 Million Sale of Grocery Anchored Shopping Center in Seminole FL

Seminole Oaks, a 63,572 - square foot grocery anchored 

shopping center located at 10330-10390 Seminole Boulevard 

in Tampa Bay Seminole, FL

MIAMI, FL — GLT Group Brokerage announced the sale of Seminole Oaks, a 63,572 - square foot grocery anchored shopping center property located in Tampa Bay Seminole, Fla. 

Sean Shahar A. Ziv 

Sean Shahar A. Ziv represented the seller, a multi-billion foreign real estate fund with properties across the US. GLT Group Brokerage also procured the buyer, a private individual in a 1031 exchange.

The 15- year-old Seminole shopping center anchored by an above-average Winn-Dixie supermarket was sold for $11.7 million. 

“This location is a top store for Winn-Dixie with sales well above the chain average, supported by small-shop national and local tenants that are performing well” says Sean. 

The shopping center had a 98 percent occupancy rate at the time of the sale.

 It is well-positioned in the main retail node of Seminole Boulevard and 102nd Avenue and has an approximate population of 240,000 within a 5 mile radius.

For more information, please visit The GLT Group online at (www.thegltgroup.com).

CONTACT:

444 Brickell Avenue Suite 730 Miami, FL 33131 USA License FL SL3278866 License CA 01918311

+1 (786) 860-5982  Office +1 (858) 248-3980  US mobile rziv@thegltgroup.com w

JLL arranges $24 million financing for Agora at Port Richey Apartments in Tampa, FL area

Agora at Port Richey is a 288-unit, garden-style 
apartment community in Port Richey, FL

MIAMI, FL  – JLL announced  it has arranged a $24 million loan to refinance Agora at Port Richey, a 288-unit, garden-style apartment community in Port Richey, Florida.

Working exclusively on behalf of Agora Capital Partners, JLL placed the 10-year, fixed-rate loan with Goldman Sachs. The loan, which closed on July 31 and includes interest-only payments for the full term, replaces acquisition financing the same deal team secured on the borrower’s behalf in 2017.

Elliott Throne

Agora at Port Richey features 24, two-story buildings totaling 264,168 rentable square feet with a variety of one-, two- and three-bedroom layouts. 

Unit amenities include faux granite countertops, raised panel cabinet doors, new appliances and faux wood plank flooring. 

Community amenities include a swimming pool with cabanas, fitness center, dog park, playground, clubhouse, business center, internet café and coffee bar.

The JLL Capital Markets team representing the borrower was led by Managing Director Elliott Throne and Director Jesse Wright.

Jesse Wright

“Goldman Sachs provided a very attractive, low-rate, full-term, interest-only loan with a cash out option that won the business in the midst of a highly competitive lender field, including the agencies and other CMBS shops,” Wright said. 

“With this financing, the borrower has put themselves in an excellent position to hold the asset long-term.”

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.

Contacts:

 Elliott Throne, JLL Managing Director 

Phone:  +1 305 421 6549

Email: Elliott.Throne@am.jll.com

 Olivia Hennessey, JLL Public Relations Specialist

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

 jll.com.