Hanley Investment Group Arranges Sale of Mixed-Use Community Center in Affluent Indianapolis Suburb

Dylan Mallory

FISHERS, IN -- Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm, announced today that the firm has completed the sale of a mixed-use community center in Fishers, Indiana, an affluent northern suburb of Indianapolis. 

This sale marks Hanley Investment Group’s third transaction in the state of Indiana in the last five months, for a total consideration of $12.25 million.

Hanley Investment Group’s Dylan Mallory and Corey Olson represented the Toledo-based seller and developer, Republic Development.  The buyer, a private investor based in Bloomington, Indiana, was self-represented in the transaction.

Built in 2007, the Bonn Building sits on 2.32 acres and is located on East 131st Street near Olio Road in the heart of Saxony, a 3.5 million-square-foot office and industrial development spanning both south and north of Interstate 69.

Built in 2007, the Bonn Building sits on 2.32 acres and is located on East 131st Street near Olio Road in the heart of Saxony,
 a 3.5 million-square-foot office and industrial development 

 The property is also located within the high-growth residential community of Saxony Village, which includes single-family homes, townhomes and apartments.

The Bonn Building was 92% leased at the time of sale and features a complementary mix of service-based, retail, food service, healthcare and traditional office tenants that serve the immediate surrounding community.

Corey Olson

“Fishers is one of the most affluent areas in the state of Indiana,” said Mallory. “Nearby residents have tremendous spending capacity with average household incomes of $155,000.

Business Insider recently ranked Fishers as one of the best suburbs to live in America. 

With its close proximity and easy access to downtown Indianapolis, Fishers is primed for continual population and economic growth.”

Olson adds that the population within a three-mile radius of the property has grown 33% since 2010 and is projected to grow another 23% by 2023, making it one of the fastest-growing submarkets in Indiana.

Fishers currently has an estimated population of 95,310 and is the sixth-largest city in Indiana.

CONTACT:

 Dylan Mallory
Hanley Investment Group
844.585.7678

www.hanleyinvestment.com.

Renaissance Man, Sammy 'The Red Rocker' Hagar, Still Galloping in the Fast Lane at 72

Sammy “The Red Rocker” Hagar

LAKE ARROWHEAD, CA -- Prolific mover-and-doer Sammy “The Red Rocker” Hagar was driven by poverty and hardship in his childhood to the extreme level of success he has achieved over the span of his 50-year career. 

Hagar’s French chateau-style getaway at Lake Arrowhead, CA, with stunning lake views, is priced at $3.9 million.

 Singer, guitarist, song writer, band leader, owner of restaurants and bars, developer of his own brand of tequila, and not slowing down at the age of 72, Sammy has also acquired an impressive collection of real estate.

Shelli Cotriss

He has recently put one of his seven homes on the market.  Located on Lake Arrowhead, California west of Los Angeles, Hagar’s French chateau-style getaway with stunning lake views is priced at $3.9 million.

Hagar couldn’t wait to escape his dismal family life the minute he graduated high school. 

Tracy Tutor

From picking raspberries at age four making 70 cents a day to pay for new shoes to today’s net worth of $150 million, he left home with his $40 Sears catalog guitar, which he taught himself to play, and left for Riverside, California. 

At 6,557 square feet, it has eight bedrooms, 10 baths
 and parking for six cars.  

Mostly a vagabond hard rocker performing as a solo artist and with a long list of bands, in 1985 he hit it big as the lead vocalist for the new-rock-group Van Halen scoring four multi-platinum albums. 

Today, Hagar still works with several bands but has turned most of his attention to his businesses opening two bicycle stores, restaurants and bars in Mexico and California and launched his own tequila brand.

He also found time to grow his real estate portfolio with homes in Mill Valley, Corte Madera and Palm Desert, California; Cabo San Lucas, Mexico and Maui, Hawaii.

Hagar’s Lake Arrowhead house might be the star of his collection, built in 2009 from granite-and-limestone boulders cut and carved onsite to create a one-off French chateau-style home for friends and family to enjoy the lake activities. 

At 6,557 square feet, it has eight bedrooms, ten baths and parking for six cars.  Perched on the side of a hill, all floors have exceptional water views and bi-fold French doors open wide to bring the outdoors in. 

Living, dining and family rooms are roomy with many 30-foot tall ceilings and rooms with cozy fireplaces.  The massive eat-in kitchen will house a group to chat or help the cook with its two large marble-topped islands and high-end appliances that make cooking for a crowd a snap.

  Guest bedrooms can be found on different levels, all ensuite and all containing steam showers.  The spacious master with its wide airliner views across the lake has a steam shower, sauna and fireplace.

 Douglas Elliman

Literally from rags to riches, Sammy Hagar is selling his Lake Arrowhead getaway - one of his seven elegant homes.  Priced at $3.9 million, listing agents are Tracy Tutor, Douglas Elliman, Beverly Hills and Shelli Cotriss, Shell Properties, Riverside.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

YouTube: https://www.youtube.com/watch?v=k7s-V5eFP7o&feature=em-uploademail
Photo Credit: Peter Tran Photography
YouTube Credit:  Sean Evans, @evvo1991 backtothemovies.com/
 Source: www.tracytutor.com

Casino Operator Steve Wynn Selling His Las Vegas Mansion for $25 Million

Steve Wynn 

Photo credit:  Berkshire Hathaway

Source: www.isluxury.com

Wynn's home, appropriately named “Museo,” is a mansion/museum on the Las Vegas Billionaire’s Row.

LAS VEGAS, NV -- Having developed many of the world’s most successful casinos, Steve Wynn has a net worth of about $3 billion, a priceless art collection and a home appropriately named “Museo,” a mansion/museum on the Las Vegas Billionaire’s Row.

 A combination of Vegas fashion, European sophistication and a luxury golf resort, Museo is for sale, priced at $25 million.

 The European-style outdoor plaza features an extravagant four-tier fountain, charming Roman gazebo, pool and spa

 Wynn has been involved in the gaming industry since the death of his father when he took over the management of his dad’s Maryland bingo parlor.

 He soon moved the family to Las Vegas and segued into the world of building and managing casinos. Better than almost anyone else in the business, Wynn developed the Las Vegas casinos Golden Nugget, Mirage, Treasure Island and Bellagio and later expanded to Atlantic City, Boston, Mississippi and China.

The wealth he accumulated allowed him to fulfill his passion for art and expand his extensive collection that includes rare Picassos, a record price for Rembrandt’s Man with His Arms Akimbo, and the purchase of the first Johannes Vermeer painting that has changed hands in 80 years, according to TopTenRealEstateDeals.com. 

Bellagio

Museo spans approximately 13,500 square feet on 1.5 acres at the edge of the Las Vegas Country Club in a secured community of similar homes.  

Built in the style of Old World European elegance but adapted to the outdoor lifestyle, the home was recently redesigned and updated at a cost of $16 million - in addition to the $13 million he paid for the home in 2018.

With Wynn’s valuable art collection in mind, the home’s security features include a gas suppression system that goes into operation at the first sign of smoke, an art-display hallway with automatic doors that drop out of the ceiling and lock in an emergency, and infrared cameras on the exterior of the home. 

A friend of Hollywood stars, Fortune 1000 CEOs and President Trump, Wynn’s home was renovated for grand entertaining with a chef’s kitchen featuring double appliances and a large butler’s pantry that also adds a second kitchen. 

Included in the six bedrooms and nine baths is a master suite with his-and-her baths, dressing room and hair salon. 

Additionally there are his-and-her executive offices, family room with wine closet, media room and den. All are dressed in elegant finishes such as gilded doors, silk carpeting and mohair-covered walls. 

One wing is the caretaker’s apartment but also with a full gym with wet bar, caretaker’s office, laundry room with double Bosch washers and dryers, and climate-controlled garage with skylights and arched entryways.

Museo has its own power plant that can run the home’s power needs for 36 hours.  Just as impressive on the outside, there are views of the La Madre Ridge Mountains, the Las Vegas Country Club golf course, and an impressive oasis of Italian Cypress trees, palms and extensive gardens.

Ivan Sher

 The European-style outdoor plaza features an extravagant four-tier fountain, charming Roman gazebo, pool and spa.  

The listing agent is Ivan Sher, The Ivan Sher Group, Berkshire Hathaway Home Services Nevada Properties | Luxury Collection, Las Vegas.

CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

Group P6 Announces $3.2 Million Digital Sale at Royal Palm Residences in Downtown Boca Raton, FL

  

Rendering of planned Royal Palm Residences
 Downtown Boca Raton, FL

BOCA RATON, FL- - Group P6, a leading developer in South Florida, has announced the sale of a $3.2 million residence at Royal Palm Residences, a luxury condominium with only 48 residences situated in the heart of downtown Boca Raton.

The sale was done 100% digitally. Royal Palm’s sales executive completed the sale after an initial FaceTime showing with the buyer, followed by additional virtual meetings to review details and finalized with a contract that was fully executed online.

The luxurious residence 501 is 3,715 square feet of indoor living space with an additional 1,081 square feet of terraces that offer prime waterfront views. It has four bedrooms plus a den and four and a half bathrooms with a private elevator and two designated parking spots.

Ignacio Diaz

“We were already close to 40% sold before the pandemic started and now buyers from the Northeast are ready for a less crowded and congested lifestyle,” said Ignacio Diaz, Managing Partner at Group P6.

“Our sales office is busier than ever, and we are seeing that buyers are not shying away from virtual showings and digital sales.”

Located on a prime site at the corner of Fifth Avenue and East Royal Palm Road, where the city meets the sea, this modern work of art will provide stunning panoramic views of the Boca Raton Resort & Club, the turquoise waters of the Atlantic Ocean and a planned, six-acre, multi-million dollar waterfront park that will sit just outside the buildings’ front lobby.

Boca Raton Resort & Club

The nine-story, 48-residence condominium is expected to be delivered in 2022.

Royal Palm Residences will offer three to five-bedroom residences – including six penthouses - ranging from 2,425 to 7,168 square feet. Prices for these boutique residences will start at $1.9 million. 

For added privacy and comfort the development has dual-entry private elevator access directly into the unit.

                                            Atlantic Ocean

Each residence will have 270 degrees of natural light, European kitchens and top of the line appliances, including Wolf gas barbecues built into large outdoor terraces.

Amenities include two assigned, secured, underground parking spaces; an expansive wellness plaza, featuring a state-of-the-art fitness center, boutique pool with a heated spa and a club room with European kitchen and bar for entertaining. The building will also feature a 24-hour doorman and private underground storage.

For more information about Royal Palm Residences or to schedule a private showing at the project, call (561) 948-4051 or visit https://www.rpresidences.com/.

CONTACT:

Lauren Berger

Account Director, BoardroomPR

lberger@boardroompr.com

O 954-370-8999

C 954-551-0757

 www.groupp6.com

HSA Commercial and Clarion Partners Finalize 381,874-Square-Foot Lease with Kenco Logistics in Shorewood, IL

Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, IL,
near the I-55 and I-80 interchange. 

Robert E. (Bob) Smietana

CHICAGO, IL — Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC  jointly announced the firms have signed a 381,874-square-foot, long-term lease with Kenco Logistics Services at the Heartland Corporate Center, a 757,880-square-foot warehouse development at 21530 SW Frontage Road in Shorewood, Ill., near the I-55 and I-80 interchange. 

Chattanooga, Tenn.-based Kenco Logistics, one of the largest privately held third-party logistics firms in the country, will take occupancy of the facility in December once interior improvements are completed.

The transaction is one of the largest industrial leases signed in the Chicago market since the start of the COVID-19 pandemic.

Now fully leased, the Heartland Corporate Center was developed by HSA Commercial Real Estate in partnership with Clarion Partners on a 46-acre land site.

Tim Thompson

 The distribution center features 36-foot clear heights, 108 truck docks and 240 parking spaces for employees and visitors.

“Despite the headwinds in the economy as a result of the pandemic, industrial leasing activity has remained really strong for well-located distribution centers as businesses and consumers have come to expect same-day or expedited delivery for everything they order – now more than ever,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate.

 “We are thrilled but not surprised at the speed of the lease-up at Heartland Corporate Center because its strategic location at the interchange of I-80 and I-55 was pitch-perfect in terms of satisfying expectations for today’s consumers.”

David Bercu

The lease with Kenco Logistics is the second executed at the Shorewood property. In November 2019, ownership announced a 375,000-square-foot lease with Des Plaines, Ill.-based DSC Logistics.

Tim Thompson, executive vice president of HSA Commercial, spearheaded the development on behalf of the firm.

David Bercu and Matthew Stauber of Colliers International represented ownership in the Kenco Logistics lease, while Sean Henrick of Cushman & Wakefield represented the tenant.

Matthew Stauber

 About HSA Commercial Real Estate:

Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and healthcare real estate leasing, management, marketing, development and financing on a national basis. 

Along with developing and acquiring more than 100 million square feet of commercial real estate across the United States, with a total consideration in excess of $6 billion, 

HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 14 million square feet in locations across the nation; and owns more than 13 million square feet of commercial property throughout the country.

Sean Henrick 

About Clarion Partners:

Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. 

Headquartered in New York, the firm has offices in Boston, Dallas, London, Los Angeles and Washington, DC. 

With more than $51 billion in total assets under management, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk/return spectrum to its more than 350 domestic and international institutional investors.

CONTACTS: 

Rebecca Boykin, rboykin@taylorjohnson.com, (312) 267-4523

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.clarionpartners.com

Tenant demand brings renovated Lincoln Medical Plaza in Paradise Valley, AZ to 100% occupancy

 Mari Lederman 

  

PARADISE VALLEY, AZ – Medical office experts in JLL's Phoenix office have completed 21,275 square feet in new leases at the Class A Lincoln Medical Plaza, located at the southwest corner of Scottsdale Road and Lincoln Drive, within the Lincoln Plaza Retail Center in Paradise Valley, Arizona.

The newly renovated building is now 100 percent leased, with the addition of Clear Dermatology and a full second-floor lease to Paradise Valley Multi-Specialty Surgery Center.

Katie McIntyre 

JLL Vice Presidents Mari Lederman and Katie McIntyre represented the building owner, Jamel Greenway LLC, as well as Clear Dermatology in the lease negotiations.

Four years ago, building owner James Shough and architect Dean Munkachy of Suite 6 renovated Lincoln Plaza Retail Center. They have now extended that vision to Lincoln Medical Plaza.

Marwam Tamimi 

“They removed the overgrown landscape and re-established Lincoln Medical Plaza with the high-end, Class A design required by modern medical users," said Lederman.

 "It is a hidden gem that has been brought back to the quality and visibility it deserves. That combination quickly gained tenant interest in an exclusive area of Paradise Valley where there is very limited medical office space.”

Located at 7125 East Lincoln Drive, Lincoln Medical Plaza
 totals 27,868 square feet with two,
 6,143-square-foot, first-floor medical offices.

Located at 7125 E. Lincoln Drive, Lincoln Medical Plaza totals 27,868 square feet with two, 6,143-square-foot, first-floor medical offices leased to Clear Dermatology and Benessair Health, and a 15,582-square-foot, full second-floor lease to Paradise Valley Multi-Specialty Surgery Center.

To create a contiguous second floor, architect Marwam Tamimi of Surgery Center Services enclosed a common area lobby and incorporated modern infrastructure, connectivity and air handling required for a fully licensed surgery center. This space will be supported by a gurney-size elevator, to be installed during tenant improvements.

Dean Munkachy 

“Surgery centers are complex to design, but by opting to strategically renovate instead of tearing down and rebuilding, this property owner was able to bring modern amenities back into Lincoln Medical Plaza while still keeping it affordable for future tenants,” said Lederman.

“We were fortunate to work with an owner who has the creative vision – and an architect with the industry expertise – to bring this project to fruition.”

Lincoln Medical Plaza sits within the high-demographic, amenity-rich Paradise Valley market. It is adjacent to two grocery stores (AJs and Trader Joe’s), across the street from the future Ritz Carlton Paradise Valley, and is walkable to more than a dozen other retail, restaurant and service providers.

CONTACT:

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com