Lincoln Property Co. Returns to Open Tampa Bay, FL Office Headed by Jon Slater

Jon Slater

ORLANDO, FL /  ST. PETERSBURG, FL  – Lincoln Property Company Southeast (LPC), a full service commercial real estate firm based in Orlando, and developer of that city’s new 28-story SunTrust Tower at Church Street, is establishing a presence again in Tampa Bay.

 LPC played a prominent role in Tampa’s office development boom in the 1980’s. The company added to the landscape such landmarks as The Urban Centre, Lincoln Center, The Pointe (formerly Lincoln Pointe), and One Harbour Place, said Jon Slater, Senior VP of Brokerage Services.

Scott Stahley

Slater heads the new office, which will offer a full spectrum of brokerage services, including occupier representation as well as leasing and management services. 

Slater will also be working to identify expansion opportunities for LPC in the Tampa MSA, through a mix of acquisition of existing projects and new developments.

 “We are looking to add additional brokers and administrative staff,” he said. 

While obtaining an MBA at the Crummer Graduate School of Business at Rollins College, Slater initially joined LPC as an intern.  He moved with them to Tampa in 1995, where he remained through 1998 before moving to Carter from 1999 through 2004. 

One Harbour Place, Tampa, FL

After a successful 15-year tenure with Savills, Inc. where Slater was part of their Tampa opening team (then known as Studley, Inc.) he has returned to LPC to re-establish its full-service brokerage presence in Tampa Bay, currently based at 490 1^st Avenue South in downtown St. Petersburg .  

“Our return here is very much a coming home for me personally,” Slater said. 

“We have a great legacy in Tampa Bay and our return here is long overdue,” said Scott Stahley, Executive Vice President of Lincoln Property Company Southeast.  “We’re thrilled that Jon has returned because there’s no one better to further our plans for growth again in Tampa Bay .”

 CONTACTS:

Jon Slater, Senior VP, Brokerage Services, LPC, jslater@lpc.com 

813-505-3612

Scott Stahley, Executive Vice President, LPC, 

407-872-3500  sstahley@lpc.com

Edward J. Price, Vice President, Southeast Region, LPC eprice@lpc.com 

407-872-3500

Beth Payan, Larry Vershel Communications Inc. Beth@LarryVershel.com 

407-644-4142

Tratt Properties breaks ground on largest-ever Phoenix industrial spec building

Jonathan Tratt

GOODYEAR, AZ – Phoenix-based Tratt Properties LLC has broken ground on a 1.3 million-square-foot, Class A industrial development sitting just south of the junction of Interstate 10 and the Loop 303, in a designated Opportunity Zone in Goodyear, Arizona.

.

 Called Elwood Logistics Center, it is the largest speculative industrial building ever to break ground in the Valley.

 Tratt Properties has named JLL as the project’s exclusive leasing broker.

 “We are thrilled to have many great developers, such as Tratt Properties, believe in the success and vision of our rapidly growing community,” said Goodyear Mayor Georgia Lord. 

“Goodyear’s access to market makes this an ideal area for a state-of-the-art speculative building and provides a perfect location for any growing, expanding, or relocating business," Lord said.

Goodyear, AZ Mayor Georgia Lord

"Plus, our residents also benefit by creating additional jobs for our community – keeping workers close to home and family; and expanded retail and restaurant options by increasing the city’s daytime population.”

 “Elwood Logistics Center brings together the best of a modern, institutional-grade logistics park in one of the fastest growing industrial and e-commerce submarkets in the nation,” said Tratt Properties Principal Jonathan Tratt.

 Anthony Lydon

“We appreciate the support we’ve received from the City of Goodyear to help bring this project to fruition and are thrilled to celebrate our groundbreaking today.”

Located on 83 acres at Sarival Avenue and Elwood Street, Elwood Logistics Center at build-out will total 1,310,258 square feet, with amenities purposefully designed to meet the needs of major logistics, manufacturing, food and beverage, and e-commerce users.

This includes a 40’ clear height, cross-dock building with a 190-foot gated and secure concrete truck court and 235 dock-high loading positions. The site provides parking for more than 1,400 cars and 327 trailers.

 Elwood Logistics Center is accessed from the I-10/Cotton Lane interchange and sits within both a pending Foreign Trade Zone, which would provide duty advantages and up to 72 percent reduction in real and personal property tax, and an Opportunity Zone, offering tax advantages for operators who invest in areas targeted for economic or employment stimulation.

Marc Hertzberg

 “The combination of Foreign Trade Zone capability and Opportunity Zone status make Elwood Logistics Center an extremely advantageous site option,” said JLL Managing Director Anthony Lydon, who serves as the project’s exclusive leasing broker along with JLL Managing Director Marc Hertzberg and Vice President Riley Gilbert. 

“Add to that Goodyear’s position as the sixth fastest growing city in the U.S. and the nation’s second-highest-ranked workforce market with almost 1.5 million people within a 30-minute drive, and you have a very precise mix of geography and labor that is critical for a huge range of national and global operations. That mix is a reflection of the expertise that Tratt Properties brings to this process.”

Headquartered in Phoenix, Tratt Properties specializes in the acquisition and development of Class A e-commerce and logistics properties in key markets throughout the U.S., with a focus on delivering modern, flexible and scalable global supply chain real estate solutions.

Riley Gilbert

Construction on Elwood Logistics Center is now underway and scheduled to complete in December 2020. The project general contractor is The Renaissance Companies. The project architect is Deutsch Architecture Group.

About JLL:

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

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Elwood Logistics Center, Goodyear, AZ

Contact: 

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

www.jll.com.

Marcus & Millichap Promotes Jason Hauge and Ned Roberts in Tampa, FL Office

  

 

Jason Hague

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced that Jason Hague and Ned Roberts, CCIM of the company’s Tampa office, have been promoted to First Vice President Investments and Vice President Investments, according to Chris Travis, Regional Manager. 

“Jason and Ned’s brand in the market goes beyond a transactional relationship with their clients. The RPH Multifamily Group is the beacon for how agents should operate and the success that comes from putting their clients’ needs first,” says Travis.

Ned Roberts

Hague was most recently a senior associate with Marcus & Millichap. He began his career at the firm in 2013 as an associate, was promoted to senior associate in 2017 and earned a sales recognition award in 2019. 

Hague specializes in multifamily properties in the firms’ Tampa office and is a co-lead in the RPH Multifamily Group. While with Marcus & Millichap, Jason achieved this First Vice President accomplishment with a history of 70 transactions valued at over $224 million dollars.

Adam Podbelski

Roberts was also most recently a senior associate with Marcus & Millichap. He began his career at the firm in 2015 as an associate and was promoted to senior associate in 2018. 

He achieved sales recognition awards in 2018 & 2019 and the National Achievement Award in 2019. 

Roberts specializes in multifamily properties in the firms’ Tampa office and is partners with Hague and Adam Podbelski in the RPH Multifamily Group. Roberts has built a proven track record of more than 70 transactions valued at over $265 million dollars during his tenure.

 Chris Travis

About Marcus & Millichap (NYSE: MMI):

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. 

Founded in 1971, the firm closed 9,472 transactions in 2019 with a value of approximately $64 billion.

Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. 

CONTACT:

         Whitney Davis 
Whitney.Davis@marcusmillichap.com

www.MarcusMillichap.com.

JLL closes sale and financing of San Antonio, TX multi-housing property

Moses Siller 

SAN ANTONIO, TX – JLL Capital Markets announced  it has closed the sale and arranged financing for OakRidge Apartment Homes, a 216-unit, value-add, garden-style multi-housing property located in the Northeast San Antonio submarket.

JLL marketed the property exclusively on behalf of the seller, Regional Investment & Management (RIM), and procured the buyer, Bellaire Partners, LLC. Additionally, working on behalf of the new owner, JLL arranged a five-year, fixed-rate acquisition loan through NexBank.

OakRidge Apartment Homes features 15 three-story buildings with units averaging 692 square feet. The well-maintained property features a resort-style pool, state-of-the-art fitness center, clubhouse, business center, grilling area and playground.

Zar Haro

 Located at 11200 Perrin Beitel Road, the property is near Wurzbach Parkway and Interstate 410 Loop, which provides connectivity to all areas in the San Antonio-Austin corridor. 

Additionally, the property is less than five minutes from the Northern Hills Country Village shopping area, less than two miles from the Northern Hills Golf Club and approximately seven miles from the San Antonio International Airport.

The JLL Capital Markets team representing the buyer was led by Senior Directors Moses Siller and Zar Haro.

JLL’s Capital Markets debt placement team representing the new owner was led by Senior Managing Director Mark Brandenburg.

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. 

Mark Brandenburg

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.

 About Bellaire Partners, LLC

Bellaire Partners, LLC is a real estate private equity firm established by George Lintz to offer passive real estate investments for accredited investors, family offices and institutions. 

Lintz founded The Bellaire Group of Companies in 2009 and is an owner operator of multifamily real estate in Texas, California and Wisconsin. 

Contact:

 Olivia Hennessey
 JLL Senior Associate
 Public Relations  

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

 jll.com

Berger Commercial Realty Represents Sample Executive Center in 23,010-SF Lease to Full Circle Education, LLC

Johnathan Thiel 

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC Senior Sales Associate Johnathan Thiel and Senior Vice President Keith R. Graves, CCIM, recently represented Sample Executive Center, LLC, the landlord, in the lease of 23,010 square feet to Full Circle Education, LLC.

The property is located at 2001 W. Sample Road, on the northeast corner of Powerline Road in Deerfield Beach, Florida.

“With proximity to major roadways, including I-95 and Florida’s Turnpike, the strategic location of this office property, coupled with building signage, made it ideal for Full Circle Education and its students,” said Thiel. 

For more information about Berger Commercial Realty’s leasing services, Please call (954) 358-0900.

  

 CONTACT:

Jennifer J.H. Pierce

Account Director

Pierson Grant Public Relations

6451 N. Federal Highway   Suite 1200

Fort Lauderdale, FL   33308

 T:  (954) 776-1999, ext. 232

E:  jpierce@piersongrant.com

www.bergercommercial.com.

 www.corfac.com.

Billy Nash of Illustrated Properties Wins “Best Real Estate Agent in Palm Beach County” Award

Billy Nash

PALM BEACH, FL – Billy Nash of Illustrated Properties, a member of The Keyes Family of Companies, was selected by Palm Beach Post readers as the Best Real Estate Agent in Palm Beach County during the publication’s annual “Best of Palm Beach County” awards reception on Feb. 24 at the Palm Beach Convention Center.

 More than 270,000 votes were cast for the 2020 edition, and the red-carpet gala attracted 700 attendees. 

 Nash is the powerhouse agent behind Nash Luxury, based at Illustrated’s corporate headquarters in Palm Beach Gardens.

Nash Luxury specializes in ultra-luxury homes and condominiums throughout South Florida. He has become one of most recognized and sought-after luxury real estate advisors in South Florida. 

 CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Levin Johnston Completes Two Multifamily Transactions Totaling $24.45 Million in San Mateo, CA

600 Mariners Island, a 24-unit apartment community in San Mateo, CA sold for $13 Million

SAN MATEO, 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, successfully completed the sale of two multifamily communities in San Mateo, California, with a total transaction volume of $24.45 million.

 “Investor demand in San Mateo is at an all-time high as employment opportunities and superb quality-of-life are driving down vacancy rates and placing upward pressure on rents,” explains Adam Levin, executive managing director for Levin Johnston.

 Adam Levin

 While job growth remains strong throughout the entire Bay Area, the San Francisco/Peninsula submarket, which encompasses San Francisco and San Mateo County, experienced 3.5 percent employment growth last year, outpacing the East Bay at 2.2 percent.”

 Levin Johnston’s recent San Mateo transactions include:

Levin Johnston Directs Acquisition of 24-Unit Trophy Apartment Community

            Levin Johnston of Marcus & Millichap directed the acquisition of 600 Mariners Island, a 24-unit apartment community in San Mateo, California, to a foreign investor for $12.95 million. The seller, a private owner, was also represented by Levin Johnston.

“This acquisition presented a rare opportunity to purchase a trophy asset in a strong and highly robust multifamily market,” explains Robert Johnston, senior managing director for Levin Johnston.

 “Drawing upon our deep market knowledge and strong investor relationships, we were able to quickly identify a buyer and close the deal within 14 days.”

According to Johnston, the appeal of this asset to both local and international investors is driven by San Mateo’s reputation as one of the most affluent and prosperous counties in the nation, with strong employment fundamentals and low vacancy levels.

Robert Johnston

The property is in close proximity to many of the nation’s top tech employers including Facebook, Oracle, GoPro, and Sony. 

The greater San Mateo County market is also experiencing an influx of office expansions and new development including the Gilead Sciences campus, Illumina campus, Franklin Templeton headquarters, and Facebook’s Oculus offices. Residents also benefit from convenient access to retail destinations and local parks.

Originally constructed in 1976, 600 Mariners Island offers waterfront views and consists of six two-bedroom/one-bathroom units and eighteen one-bedroom/one-bathroom units.

Community amenities include a full-sized swimming pool, a children’s swimming pool, clubhouse, boat launch, private storage, modern fitness center, dog park and playground.

The property is located at 600 Mariners Island in San Mateo, California.

Levin Johnston Completes $11.5 Million Sale of 31-Unit Multifamily Community

            Levin Johnston directed the sale of Station 401 @ Poplar, a 31-unit multifamily community in San Mateo, California, for $11.5 million. The firm represented the seller and the buyer, both private investors, in the transaction.

            “Station 401 @ Poplar is situated in a world-class location in close proximity to major employers and transportation corridors,” says Johnston. “The asset was previously listed unsuccessfully by other local brokers. Keeping our finger on the pulse of the market, we were able to bring in a buyer and ultimately negotiate an attractive price that made sense for both our clients.”

Station 401 @ Poplar, a 31-unit multifamily community
at 401 East Poplar Avenue in San Mateo, CA
 sold for $11.5 million 

CONTACTS:

Alex Caswell / Elisabeth Manville 

Brower Group

(949) 438-6262

acaswell@brower-group.com

 levinjohnston.com