Seefried and Clarion Partners Claim 50 acres near Charlotte, NC (Mecklenburg County).

Paul Seefried

ATLANTA, GA -- Seefried Properties, as development partner with Clarion Partners, LLC, have acquired nearly 50-acres of land for development of a five-building spec warehouse project located in Charlotte, NC, at the southeast corner of Beam Road and Pine Oaks Drive. 

 As planned, the project will total 590,000 square feet of modern space encompassing two phases.  Together the project can accommodate multiple industrial users needing space from 20,000 to 180,000 square feet.  

Spencer Yorke 

Buildings will feature 32’-36’ clear heights, 130’-210’ truck courts, 50 trailer parks, a total of 686 parking spaces and an ESFR sprinkler system. 

 It will have two points of ingress and egress offering close proximity to Interstates 85, 485 and 77, as well as Billy Graham Parkway and Charlotte Douglas International Airport. 

“Seefried Industrial Properties is bullish on the Charlotte airport market and believes that Beam Road Distribution Center is well positioned to take advantage of the growing demand for industrial space in the Charlotte market,” says Paul Seefried, Senior Vice President of Seefried Properties.  “Our capital partner, Clarion Partners, recognized the same and we are excited to be working on another venture with them.”

Shell completion is scheduled for the second quarter of 2021.  

Merriman Schmitt Architects has been engaged as the architect; Burton Engineering is the civil engineer.

The JLL team, led by Spencer Yorke and Jordan Quinn will lead the leasing/marketing efforts for the new project.

Jordan Quinn

About Seefried Properties:

Seefried Properties was founded in 1984 by Ferdinand Seefried and is still 100 percent privately owned today.  

The firm focuses on industrial development in core markets and build-to-suits with corporate tenants and users in first and second-tier markets. 

Seefried's development, construction, leasing, property management and accounting teams firmly believe that client relationships are solidly built on trust and further developed by each individual experience. 

 Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas, Chicago and Phoenix.  Seefried Properties has built over $7 billion in development volume in 25+ markets across the U.S. 

 For more information, please visit www.seefriedproperties.com.

Ferdinand Seefried 

About Clarion Partners:

Clarion Partners, LLC, an SEC registered investment advisor with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for over 30 years. 

Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe.  

With more than $50 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors. 

More information about the firm is available at www.clarionpartners.com. 

CONTACTS:

Mr. Paul Seefried

Senior Vice President

Seefried Industrial Properties

paulseefried@SeefriedProperties.com             

+1 (404) 232-0440

  

Barb Bennett

Marketing Coordinator

Seefried Industrial Properties

3333 Riverwood Parkway · Suite 200

Atlanta, Georgia 30339

P:  770.702.8207 │ C:  520.661.9641

bbennett@seefriedproperties.com

www.seefriedproperties.com

Painted Tree Marketplace Selects Ackerman Retail as Exclusive Representative for Nationwide Store Expansion

  

 Brian Lefkoff 

ATLANTA, GA – Painted Tree Marketplace, a creative community of shops under one roof, has chosen Ackerman Retail, a division of Ackerman & Co., as its Master Broker for its nationwide store expansion.

Painted Tree Marketplace currently operates seven locations across Arkansas, Georgia, Tennessee and Texas.

Currently acting as the exclusive tenant representative in the Southeast for Painted Tree Marketplace, Ackerman Retail will broaden its services to help the retailer select new store locations across the U.S.

Executive Vice President Brian Lefkoff is spearheading site selection and tenant representation services for the store rollout on behalf of the retailer.

 

Leo Wiener

“Painted Tree Marketplace has one of the freshest concepts in big-box retail, and it’s already proving to be highly successful in key markets across the Southeast,” said Lefkoff. “We look forward to helping Painted Tree Marketplace open new stores in other regions across the U.S.”

Painted Tree Marketplace is seeking locations in major suburban trade areas offering highly visible, free-standing options and anchor positions in power centers. Store footprints will range in size from 35,000 to 50,000 square feet.

“As the leader of our Tenant Representation Group, Brian has done an outstanding job strengthening our services platform,” said Leo Wiener, President of Ackerman Retail. “Brian and the Tenant Representation team are excited to work with Painted Tree Marketplace in this expanded role.”

Painted Tree Marketplace, Headquarters Little Rock, AR

Bringing together a creative community of hundreds of shops, Painted Tree Marketplace sells everything from home decor items, jewelry, vintage finds and apparel to bath and body products, furnishings, arts and crafts, and baby gifts.

 The store’s experiential programs include a variety of workshops and demonstrations for the “DIY” home renovator.

Launched in 2015, Little Rock, Ark.-based Painted Tree Marketplace brings together a wide mix of small, locally owned shops which custom-design their booths and provide the stock of inventory, while Painted Tree’s staff handle all customer service at the stores.

CONTACT:

Steve Webb

swebb@ACKERMANCO.NET

www.ackermanco.com

Denny St. Romain and Jubeen Vaghefi Join Cushman & Wakefield’s Florida Multifamily Investment Sales Team

 

Denny St. Romain 

FORT LAUDERDALE, FL, March 26, 2020 – Cushman & Wakefield is pleased to announce the addition of a leading, five-member investment sales team to its Florida Multifamily Group.

 Led by industry veterans Denny St. Romain and Jubeen Vaghefi, the team’s deep experience will add significantly to Cushman & Wakefield’s already thriving multifamily presence in the state.

St. Romain and Vaghefi will partner with Cushman & Wakefield Vice Chairman Robert Given and Executive Managing Director Robert Kaplan in spearheading a combined Florida platform.

 The statewide team will continue to focus on representing institutional and private multifamily owners in the sale and financing of existing multifamily properties and developable land, as well as arranging construction financing and structuring equity.

Jubeen Vaghefi

St. Romain and Vaghefi both join Cushman & Wakefield as Vice Chairmen and will focus on properties statewide. 

They are joined by three team members, Senior Director Charles Crapse and Directors Alex Kupp and Scott Peek.

The team will work closely with Cushman & Wakefield’s existing multifamily investment sales experts throughout the state of Florida, as well its Equity, Debt & Structured Finance specialists.

“With their deep experience and relationships throughout Florida, the addition of this team further strengthens Cushman & Wakefield’s position as the preeminent multifamily service provider in the state,” said Given. “We are very excited about what we can collectively offer to all of our existing and future clients as a combined force.”

Charles Crapse 

When combined, St. Romain and Vaghefi and the existing Cushman & Wakefield team have transacted approximately over $50 billion in property sales, financing and equity transactions.

“Cushman & Wakefield’s commitment to its clients, as well as its strong global capital markets presence, make this transition a perfect fit for us,” said St. Romain. 

“We look forward to working with a dominant force such as Robert Given and his team to be part of the company’s future growth, and to leverage our combined platform to better serve our clients”

Scott Peek

St. Romain and Vaghefi each bring over 20 years of experience to their new roles with Cushman & Wakefield. 

They have worked as a team for over 10 years and have held management-level positions at a number of top brokerage firms. They come most recently from Walker & Dunlop.

“We are pleased to have such an experienced and respected team join Cushman & Wakefield,” said Carlo Barel di Sant’Albano, Cushman & Wakefield's Chief Executive of Global Capital Markets & Investor Services.

 “Our firm is committed to being market leaders in the multifamily space and the addition of St. Romain and Vaghefi, along with their team, solidifies this in Florida.”

Robert Given

In addition to Given, Kaplan, St. Romain, Vaghefi, Crapse, Kupp and Peek, Cushman & Wakefield’s Florida Multifamily Team includes Zachary Sackley, Troy Ballard, Calum Weaver and Neal Victor in South Florida; Jay Ballard and Ken Delvillar in Orlando; and Brad Capas, Nick Meoli and Mike Donaldson in West-Central Florida.

Kaplan, along with Chris Lentz and Mark Rutherford facilitate debt, equity and structured finance throughout Florida.

About Cushman & Wakefield:

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners.

Robert Kaplan

Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries.

In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.

To learn more, please visit www.cushmanwakefield.com or follow @CushWake on Twitter.

CONTACT:

Savannah Durban

Senior Communications Specialist, South Region

Marketing & Communications

 Direct: +1 404 853 5371

Mobile: +1 816 405 5067

Fax:      +1 404 875 4637

Savannah.durban@cushwake.comdone deals

Newly developed luxury apartment community in Jersey City, NJ trades for $53 million

                         

104- Unit Bela Apartments in the Bergen-Lafayette neighborhood of Jersey City, NJ 

MORRISTOWN, NJ – JLL Capital Markets announced it has completed the $53 million sale of BELA, a newly developed, 104-unit, luxury apartment community located within a qualified opportunity zone in Jersey City’s rapidly expanding Bergen-Lafayette neighborhood.

Jose Cruz

JLL marketed the property on behalf of the seller, a partnership between Alpine Development, Fields Development Group and Grade Development Company. Golden Glades Capital Management purchased the asset free and clear of existing financing.

BELA is situated one block from Liberty State Park’s Hudson-Bergen Light Rail station and less than one mile from Interstate 78, which provides accessibility to the Hudson Waterfront, lower Manhattan and the greater New York MSA. 

Completed in 2019, the eight-story property features best-in-class construction and unit design, offering a diverse mix of spacious one- and two-bedroom apartments averaging 982 square feet. 

Michael Oliver

Units feature Caesarstone countertops, oversized wood cabinets, stainless steel appliances, island kitchens, full-size washers and dryers and large closets. 

Community amenities include rooftop views of the Manhattan and Jersey City skylines, a fitness center, yoga studio, grilling stations, outdoor lounge, club room and furnished suites for guests. 

BELA also offers onsite parking and bike storage via its first-floor garage and approximately 2,600 square feet of ground-level retail.

Kevin O’Hearn

The JLL Capital Markets team representing the seller included Jose Cruz, Michael Oliver, Kevin O’Hearn, Steve Simonelli and J.B. Bruno.

“The Bergen-Lafayette section of Jersey City was well received by the investment community and this property in particular had a strong following with the private buyers,” Cruz said.

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. 

Steve Simonelli 

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 Fields Development Group:

Founded and led by brothers James and Robert Caulfield, Fields Development Group’s expertise encompasses the entire spectrum of development and construction.

 Since Fields Development’s inception in 1999, the company had grown to include an in-house construction division, Fields Construction Company, providing construction services to customers throughout the Tri-State area. 

J.B. Bruno

The two companies foster a cohesive and comprehensive approach for clients, with the ability to combine construction expertise with a developer mindset. 

Through this approach, key elements such as timing, budget and value engineering are not simply contractor recommendations, but are rooted in developer insights and market experience to provide the best product and best return for the unique requirements of each client.

Greg Russo

Grade Development Company:

Grade Development Company is a real estate development company headed by Greg Russo, who gained extensive experience in the development of multifamily housing projects as a Principal at Ironstate Development. 

While at Ironstate, Greg focused on the development and financing of more than7,000 units and $5 billion worth of projects in New York, New Jersey, and Connecticut.

About Golden Glades Capital Management:

Golden Glades Capital Management was established in 2019 to create attractive investment opportunities for its founders’ personal capital gains. 

Robert Caulfield (left) and James Caulfield

The firm accepts limited partnership commitments from select investors who share the objective of achieving attractive risk-adjusted returns while making a positive impact on distressed communities across the U.S. 

Golden Glades’ core focus is to leverage the extensive experience and network of its team of principals and advisors to make direct investments in real property and operating businesses located within Opportunity Zones.

Contact: 

Olivia Hennessey

JLL Senior Associate

 Public Relations  

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

Arbor Funds $3.4 Million Fannie Mae Small Loan in Kingston, PA

 Ryan Duff 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae Small Loan in Kingston, PA.

Chapin Apartments received $3.4M in cash-out refinance funding through the program. This is a 7-year deal with a 30-year amortization.

 Ryan Duff of Arbor’s New York City office originated the loan.

 “This transaction provided our client the capital they needed to continue to build their portfolio,” said Duff. “At the same time, they were able to secure favorable rates for this loan, making it an ideal solution all around.”

 Chapin Apartments at 151 East Walnut Street is a garden-style community comprised of four buildings and a total of 60 units. While the units were built in 1939 and 1950, most were renovated in 2018.

Chapin Apartments,151 East Walnut Street
Kingston, PA

The complex features a fitness center, resident lounge, storage lockers and a covered parking garage across the street. It is also conveniently located near local shopping, parks and recreation. 

 Contact:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Amenity Center and Two Models Will Open in April at M/I Homes’ Encore at Ovation in Horizon West, FL

WEST ORLANDO, FL -- M/I Homes is set for an early April completion of its amenity center at Encore at Ovation the homebuilder’s single-family home community located in the final village of award-winning Horizon West near the intersection of Avalon Road and Western Way/Fleming Road .

At the same time, two furnished and decorated model homes will also be completed and ready for touring ‒ the Newport and the Sebring, two of M/I’s most flexible plans, said David Byrnes, Area President of M/I Homes.   

The 3,610-square-foot Newport in the Cottage Collection of plans designed for 50-foot lots, offers five bedrooms, three full bathrooms and a three-car garage.   The two-story Newport , priced starting from $439,000, features an oversized kitchen with expansive island and a first floor guest bedroom and bathroom.

The Sebring, which is among M/I’s newly designed plans for 32-foot homesites –  Bungalow Collection – offers 2,341 square feet, three bedrooms, two-and-a-half baths and a two-car alley load garage priced from $336,000.  

Special features of the Sebring are a second floor owner’s suite, loft and upstairs laundry room.

The new amenity center features a clubhouse with fitness center and an 1,800-square-foot gathering area with kitchen overlooking the resort-style pool. “We’re excited to provide this amenity center right within Encore at Ovation where residents can enjoy relaxing and camaraderie without leaving the neighborhood,” said Byrnes.

David Byrnes

Phase I of the community with 139 home sites offers a mix of 50-foot lots for homes ranging from 1,900 to 3,700 square feet and 32-foot lots for homes ranging from 1,800 to 2,800 square feet of living space.   

Byrnes said six distinct floor plans are offered for the 50-foot lots and four new plans comprise its new product line of homes specially designed for Encore at Ovation’s 32-foot lots.   

Top features of the new designs include rear load garages, open-flow floor plans spa-inspired owner’s suites and spacious covered lanais. 

All of M/I’s new homes are Energy Star^® certified and come with a 15-year structural warranty. 

One and two-story Craftsman-style homes with three, four and five bedrooms are priced from  $303,000 to more than $450,000 at Encore at Ovation, 

“Encore at Ovation is a great community for families,” said Byrnes.  “From the some of the County’s finest public schools, to close proximity Walt Disney World, premier shopping districts, dining and entertainment, along with parks, beaches and other outdoor activities.”

CONTACTS: 

David Byrnes, Area President, M/I Homes,

 407-531-5100 dbyrnes@mihomes.com

Beth Payan, Larry Vershel Communications,

407-644-4142 beth@larryvershel.com   

 

NAI Realvest Represents Tenants –- A Manufacturer and Service Firm Expanding and Relocating at Two Orlando Area Industrial Centers

Monica Perez Wonus 

ORLANDO, FL --- NAI Realvest, which ranks as one of Central Florida’s largest and most active commercial real estate services companies recently negotiated new lease agreements at two Orlando industrial centers representing established and growing companies.

Andrew (Andy) McCaw

 Andy McCaw, Vice President of Tenant Representation, negotiated a new long-term lease for Laird Plastics at 2613 Consulate Dive in Infinity Park, located off the intersection of SR 528 and the Florida Turnpike.

The plastic fabrication firm with over 60 locations throughout the US and Canada leased 14,603 square feet.  

Monica Wonus of CBRE represented the landlord Infinity JYLP, LLC of West Palm Beach .

Jason G. Toll

 Senior Vice President Jason G. Toll represented the tenant Orlando Dog Training Club in a new lease for 11,320 square feet at 6357 All American Blvd. in Orlando.

 The tenant provides classes for beginners to advanced and relocated from Colonial Drive near downtown to better accommodate its growing clientele.  

The landlord, All American Warehouse, LLC was represented by The Bywater Company.

 CONTACTS:

Andrew (“Andy”) McCaw, Vice President of Tenant Representation, NAI Realvest 407-875-9989 amccaw@realvest.com

Jason G. Toll, Senior Vice President, NAI Realvest,

407-875-9989 jtoll@realvest.com

Patrick Mahoney, President/CEO, NAI Realvest,

407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications

407-644-4142 beth@larryvershel.com