Popular regional retail destination in Fort Collins, CO sells to local developer

Claudia Steeb 

 

DENVER, CO – JLL Capital Markets announced its involvement in the sale of Foothills Mall and College Avenue Shops at Foothills, two retail properties totaling 662,619 square feet in Fort Collins, Colorado, and assisted new owners in securing acquisition financing for Foothills.

 Bryan Ley

 Cordes & Company LLP, the court-appointed receiver of the property, was the seller. Joint-venture partners, McWhinney and Prism Places, purchased the assets.

Additionally, working on behalf of the new owner, JLL sourced the four-year floating-rate acquisition loan with a regional bank for College Avenue Shops at Foothills.

 Together, the 493,287-square-foot Foothills Mall and adjacent 169,332-square-foot Shops are leased to a diverse mix of national retail tenants, including Nordstrom Rack, Ross, ULTA, Athleta and Skechers, among others.

 Barry Brown 

This midtown location is a popular regional shopping destination in Fort Collins, a rapidly densifying northern Colorado community approximately 55 miles north of Denver.

 Fort Collins is home to technology, clean energy, aerospace and agri-tech companies along with the nearby 34,000-student Colorado State University, which is the second largest university in the state.

The community is rapidly densifying, with the area within 30 minutes of the property expanding 23% since 2019, with another 10% expected to add to its nearly 600,000 residents.

The retail properties are located at 215 E Foothills Pkwy, and benefit from its visibility from College Avenue, the primary north-south high traffic intersection in midtown Fort Collins.

Jason Schmidt

 The JLL Capital Markets Investment Sales Advisory team was led by Managing Director Bryan Ley, Senior Managing Director Barry Brown and Managing Directors Claudia Steeb and Jason Schmidt.

 “The Foothills transaction illustrated the robust demand from investors for high-quality, value-add retail investments and the interest in Colorado’s high-growth Front Range submarket,” said Ley.

“The sale process was incredibly competitive, and the new owners have an impressive development track record to enhance the asset.”

The JLL Capital Markets Debt Placement team representing the new owner included Senior Managing Director Eric Tupler, Managing Director Claudia Steeb and Senior Director Brock Yaffe.

Brock Yaffe

 

“Our involvement with the Foothills property dates back to the early 1990s, and we are excited to see how the new ownership transitions and repositions the project, which is one of the best locations within the broader Fort Collins market,” Tupler 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. 

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

 Eric Tupler

 For more news, videos and research resources on JLL, please visit our newsroom.

Contact

 

Kimberly Steele,

JLL Senior Associate,

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Alliant National Title Insurance Earns 2021 Great Place to Work Certification

Sarah Lewis-Kulin

 

 Longmont, CO — Alliant National Title Insurance Company, a unique title insurance underwriter that partners with independent agents to improve their competitive position, is proud to be Certified™ by Great Place to Work® for the fifth year in a row.

 

The prestigious designation is based entirely on what current Alliant National employees say about their experience working at the company.

 

 This year, 95 percent of employees said Alliant National is a great place to work – 36 points higher than the rating achieved by the average U.S. company.

 

“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work.

 

David Sinclair

“It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that Alliant National is one of the best companies to work for in the country.”

“At Alliant National, we’re more than simply a team; we’re a passionate group of professionals committed to our communities and to each other,” said David Sinclair, president and CEO of Alliant National.

 

“We work incredibly hard on our culture and strive for Alliant National to be a place where our employees enjoy coming to work each day. We want to empower them to deliver exceptional service to our agents.” 

 

 Contact

 

Cathie Beck
303.241.0805
cathie@capitalcitypr.com

Hotel Investment Pitch Competition Awards $50,000 in Deal Equity

 

Emma Claire Spring

McLEAN, VA, June 9, 2021—Officials of She Has A Deal (SHaD), a real estate investment platform that creates pathways to hotel ownership and development for women, today announced the winners of its event held Saturday. 

Over the last year, participants completed more than 12 hours of intensive hotel investment education to learn how to source, evaluate and raise capital for a real hotel deal.

Five teams were selected at a virtual preliminary round to move forward to the finals, where they pitched live to a judging panel of top-level hotel business executives, entrepreneurs and investors. 

Nadia Cismesia

Held at Hilton’s Innovation Gallery at the Hilton McLean, VA,, the event also was broadcast on the She Has a Deal website.

Polina Shavrina

Three prizes were awarded.  The Viewers’ Choice award, voted on by the livestream audience, was given to PEN Investments, comprised of Nadia Cismesia, Polina Shavrina, and Emma Toppi from Michigan State University.

Emma Toppi

Second place, a cash award of $5,000, was awarded to Eden Investment Management, made up of Angel Deng and Kayleen Fan.

 

Angel Deng 

The grand prize winner was Celeste Companies, the company named used by individual pitcher Emma Claire Spring.  Spring was awarded $50,000 in deal equity through SHaD Prosperity Fund I, a vehicle for investing in women-led hotel projects. 

Kayleen Fan

 

“I have dreamed of becoming a hotel owner since I was a little girl, and I’m proud to say that dream will now become a reality,” said Spring.

Noah Silverman

A graduate of Washington State University, Spring pitched a Delta Hotel conversion located in Chantilly, VA.  The existing property would undergo a renovation to add meeting space and an American-style casual dining concept. 

Tracy Prigmore

As part of her pitch, Spring went through the process of negotiating key money and identifying a management company with whom she would work.

 “I am so incredibly grateful for everything I’ve learned, the people I’ve met, and the confidence I’ve gained from this experience. This is just the beginning of my hotel ownership experience. I’m excited to see what the future brings and to continue breaking the glass ceiling,” said Spring.

Sponsors of the event are Marriott International and Hilton

According to Noah Silverman, global development officer for the US and Canada at Marriott International, "It was an incredibly inspiring day. The future of our industry is in good hands, and it’s clear that more and more of those hands will belong to women.”

 

“I’m so proud of Emma Claire.  All of the pitches were extraordinary, and she really put in the work to stand out. 

 

"For a solo pitcher to win just shows that, if you want something badly enough and are willing to work for it, big things can happen,” said Tracy Prigmore, founder of She Has a Deal. 

 

“After holding a scaled-back version of the pitch competition last year due to the pandemic, it was thrilling to be able to execute everything we envisioned. 

 

 "I am so grateful to our sponsors, especially founding sponsors Marriott International and Hilton, for helping us bring this to life,” said Prigmore.

 

Applications for the 2022 pitch competition will be accepted starting June 24, 2021; the deadline to apply is September 15.

 

 

 Contact

 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 

chris@dalygray.com | www.dalygray.com

 

 

 

 

Brett Paulsrud appointed to co-lead JLL Capital Markets in Boston

 

Brett Paulsrud 

BOSTON, MA –– JLL announced Senior Managing Director Brett Paulsrud has been appointed to co-head the Capital Markets team in its Boston office.

 Paulsrud and current co-head, Senior Managing Director Lauren O’Neil, will jointly lead and oversee the debt and equity placement and investment sales advisory business lines.

Executive Managing Director Coleman Benedict will maintain an active role on the Boston leadership team and continue to focus on the local office investment sales advisory business, while also serving as co-lead of the national JLL Capital Markets investment sales advisory platform, a role he stepped into in early 2021.

Lauren O’Neil

 “After nearly a decade of leading the Boston Capital Markets team, the time is right for the next generation to step in,” Benedict said. 

“I look forward to continuing to work closely with Lauren and Brett to lead the office and our local office investment sales advisory team going forward.”

 Paulsrud has more than 15 years of experience in the commercial real estate industry and has been involved in the underwriting and marketing of more than $10 billion in closed commercial real estate transactions during this time.

Coleman Benedict 

His experience spans the capital stack and property types, having been involved in multi-housing, office, retail, hospitality, life science and mixed-use projects across New England.

 For more news, videos and research resources on JLL, please visit our newsroom.

 

CONTACT

 
Kimberly Steele

PR, Capital Markets

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

JLL Capital Markets closes $22.3 million sale of New Lehigh Valley warehouse facility in Hamburg, PA

New Lehigh Valley warehouse facility 
at 336 Logistics Drive in Hamburg, PA

 

 PHILADELPHIA, PA,  June 8, 2021 – JLL Capital Markets announced it has closed the $22.3 million sale of a new, 149,632-square-foot multi-tenant bulk distribution warehouse facility at 336 Logistics Dr. in the Lehigh Valley community of Hamburg, Pennsylvania.

 John Plower 

JLL marketed the property on behalf of the seller, a joint venture between The Keith Corporation and Kiel Group. TA Realty purchased the asset.

 336 Logistics Dr. is situated on 13.95 acres within Hamburg Commerce Park, which is in a strategic logistics location with excellent transportation infrastructure and connectivity to major population centers.

 

Situated just two miles south of Interstate 78 in Hamburg, the property is located along Route 61, providing north-south access to Reading.

 

 Additionally, the Lehigh Valley location places the asset in one of the most sought-after industrial markets in the country due to limited opportunities to purchase buildings and land.

 Pete Pittroff

Completed in 2020, the warehouse building features a 32-foot clear height, LED lighting, 24 overhead doors that are expandable to 33, two drive-in doors, ESFR fire protection and ample parking. 

The facility is fully leased to two tenants, S Walter Packaging and LTL Home Products.

 

The JLL Capital Markets team representing the sellers was led by Senior Managing Directors John Plower and Pete Pittroff and Director Ryan Cottone along with Senior Managing Director Jeff Lockard.

 

“336 Logistics Dr. represented a great opportunity to acquire a new generation warehouse within a master-planned industrial park,” Plower said.

Ryan Cottone

“Hamburg continues to see tremendous leasing velocity and an overwhelming demand from capital to gain control of product within this pocket of the Lehigh Valley market.”

 

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 sales 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.

Jeff Lockard

For more news, videos and research resources on JLL, please visit our newsroom.

 

About The Keith Corporation

The Keith Corporation is a privately held, full-service commercial real estate firm. Headquartered in Charlotte, North Carolina, 

TKC has projects in 35 states, Mexico, Australia, Canada and the United Kingdom. 

Developing over $3 billion worth of commercial real estate over the course of 300 projects, totaling in excess of 27 million square feet for a highly diverse clientele, 

The Keith Corporation has developed a reputation based on its expertise, accountability and total client satisfaction on its projects.

 CONTACT

 Kimberly Steele

PR, Capital Markets

Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

KAI Hires Mary Azad as Senior Mechanical Engineer in Dallas-Fort Worth Office

Mary Azad

 St. Louis, MO, June 8, 2021 -- KAI Enterprises proudly announces the hiring of Mary Azad, P.E., LEED AP, as Senior Mechanical Engineer in its Dallas-Fort Worth, Texas office.

 

Azad comes to KAI with more than two decades of mechanical engineering and HVAC design experience on retrofits and new installation projects ranging from rooftop package units and split heat pump or VRF systems to large central chiller plants for commercial, industrial, telecom, data centers, aerospace, automotive, institutional, government, pharmaceutical, laboratory and clean room facilities.

 Brad Simmons

 

“Mary’s addition to the KAI Engineering team is a real coup and adds yet another senior industry veteran to our national MEP roster,” said KAI Managing Partner Brad Simmons, FAIA. 

 

“As a Senior Mechanical Engineer and Group Leader, Mary offers a wealth of experience in multiple geographies, across a wide range of markets and project types.

 

"Her portfolio of large, highly-complex, technical projects is impressive and adds even more horsepower to KAI’s growth trajectory. Mary is a collaborator and a great cultural fit with our DFW team.”

  

Azad has a Master of Science in Mechanical Engineering from California State University in Fullerton and a Bachelor of Science in Mechanical Engineering from the University of Science and Technology in Tehran, Iran.

 

CONTACT

 
Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

 

Robinson Weeks Partners Announces New Hires as Company Footprint Expands

Frances Jackson

 ATLANTA, GA — Robinson Weeks Partners, a leading industrial real estate development and acquisitions firm, announced the appointment of Matt Davis as Senior Vice President of Leasing and Development and Frances Jackson as Director of Property Management.

The pair of hirings coincide with the growth and expansion at the firm, with both industry veterans expected to playkey roles as Robinson Weeks continues to focus on developing Class A industrialdevelopments across the Southeast, Texas and Mid-Atlantic markets. 

Matt Davis

“We are thrilled to welcome Matt and Frances as we expand our capacity to serve our industrial customers as they seek new facilities and diversify their supply chains,” said David Welch, President & CEO of Robinson Weeks Partners.

“They both have a demonstrated history of excelling in their areas of focus, and their expertise will be invaluable during this pivotal time in our industry.

David Welch

"Robinson Weeks is excited to enter the next chapter of our growth story, and we will continue to be an active player in both new and existing markets for the remainder of 2021 and beyond.” 

CONTACT:

 Aliya Seymour

The Wilbert Group

aseymour@thewilbertgroup.com