Harvard Investments Sells Commercial Pads at Cadence at Gateway in East Mesa, AZ to Thompson Thrift Retail Group

Stephanie Davis

 

MESA, AZ  – Harvard Investments, an Arizona-based real estate investment and development company is in escrow to sell two commercial pads within its Arrival at Cadence commercial center to Thompson Thrift Retail Group (TTRG), a wholly-owned company of Indianapolis-based Thompson Thrift. 

Ed Beeh

Ed Beeh, Mike Polachek and Stephanie Davis of SRS Real Estate Partners represented both Harvard Investments TTRG in the sale transaction, and TTRG in the lease up of the shops. 

 Cadence at Gateway, a vibrant 444-acre master-planned community in Mesa, Ariz. is located at the southeast corner of Ellsworth and Ray Roads, along the bustling Mesa Gateway corridor. 

 

The two commercial pads are located opposite each other on the north and south sides of Cadence Parkway at the main entrance of the intimate master-planned community.

Mike Polachek

TTRG is planning to build two multi-tenant shop buildings and anticipates welcoming Point 22 Tavern, Cork Crush Wine Bar & Beer House, NextCare Urgent Care, Athletico Physical Therapy, BoSa Donuts and a Nail Spa to its shops. TTRG’s tenants are anticipated to move in mid 2022. 

 

“Thompson Thrift is bringing highly-anticipated retailers to our vibrant community and responding to Cadence residents’ requests for a variety of high-quality dining and retail options to enhance their lives,” said Tim Brislin, vice president of Harvard Investments.

 

 “We are proud to partner with Thompson Thrift at Cadence as they share our vison for this area’s potential.  

Tim Brislin

"We appreciate their efforts to bring such a strong mix of businesses to Cadence. Many of these offerings, especially the wine bar, are the first of their kind in our area and we’re thrilled they chose Cadence.” 

 When Arrival at Cadence is fully built out, the center is planned to have approximately 130,000 square feet of commercial space consisting of approximately 20-25 diverse businesses.

 

The first sales at Arrival happened in late 2020 to Mountainside Fitness and QuikTrip (QT). Mountainside is under construction and intends to open in the fall of 2021.

 

QT intends to break ground in July 2021. Additional operators coming to Arrival include Black Rock Coffee Bar, Burger King and McDonald’s. Approved uses include retail, restaurants including quick service, sit-down and fast food, medical and offices. 

Chris Hake

“We’re excited to work with Harvard Investments to develop these premium retail pads at the entrance of one of most popular master-planned communities in Arizona,” said Chris Hake, senior vice president, director of the Southwest region for Thompson Thrift.

 

“We’re proud to be 100 percent pre-leased prior to closing in an area of Mesa that continues to see strong growth as evidenced by the rapid sales of remaining homes at Cadence at Gateway. We look forward to adding additional best-in-class retailers to this project.” 

 

This is the 28th project for TTRG in the Southwest since opening a Phoenix office in 2016. In addition to the Cadence development,

 

 TTRG’s 2021 Southwest pipeline is projected to include over $200 million in volume across the Phoenix metro area, including planned projects in Glendale, Gilbert, Tempe, Peoria, Maricopa, Tucson, Casa Grande and Peoria.

Planned Arrival at Cadence commercial center
East Mesa, AZ

 

Cadence at Gateway is 444-acre master-planned community in Mesa’s magnetic Gateway corridor. Residents enjoy charming neighborhoods, abundant parks and a trail system that seamlessly connects the walkable community. 

Phase 1 is sold out and Phases 2 and 3 are experiencing enviable success in home sales. Cadence homes surround the community’s newly built elementary school as well as resort-style pools, basketball, tennis and bocce ball courts, all found at The Square, the popular community amenity center which comprises fitness facilities, a game room and meeting spaces. 

Find out more about Cadence at Gateway and what makes it the premier residential project in Arizona by visiting https://cadenceaz.com/, or follow us on Facebook, Instagram and LinkedIn.  

 

 

MEDIA CONTACTS: 

 

Heather Austin – The Ferraro Group Phoenix 

(For Harvard Investments) 

Heather@TheFerraroGroup.com 

602-738-9252 cell 

 

Jennifer Franklin – Spotlight Marketing Communications, Inc. 

(For Thompson Thrift Retail Group) 

Jennifer@SpotlightMarcom.com 

(949) 307-6331 cell 

 

Heather Miles Austin, Director

The Ferraro Group Phoenix

120 N. 44^th St. #310

Phoenix, AZ 85034

www.TheFerraroGroup.com

c. 602.738.9252

 

Washington D.C. – 202.355.9466

Las Vegas – 702.367.7771

Reno – 775.331.4555

 

https://www.thompsonthrift.com/ 

http://www.harvardinvestments.com. 

www.srsre.com. 

 

Columbus, OH Office of Lee & Associates Hires Key New Broker in Joseph Smiley

 

Joseph Smiley

 

COLUMBUS, OH –  Lee & Associates, a leader in commercial real estate services throughout North America, announces the addition of Joseph Smiley as Senior Vice President of the Columbus, Ohio office. 

Mr. Smiley is a well-established commercial real estate professional with over 35 years of brokerage, consulting, and development experience on a wide variety of projects.

Residing in Columbus, Joe serves as a consultant for multiple national and international clients such as McDonald’s and Chipotle.

 “We are incredibly excited and fortunate to be able to add Joe to our growing team," said Todd Spencer, SIOR, CCIM, Principal of Lee & Associates Columbus. 

Todd Spencer

 "He brings an unparalleled wealth of knowledge, expertise and experience in retail, development and consulting that complements our existing service lines and leverages the Lee national and international network.”

Smiley began his career with Kenneth Danter & Company in Columbus in 1984. He has also been employed by Kentucky Fried Chicken Corporation, McDonald’s Corporation, and Weis Markets during his career.

 

CONTACT: 

Bailey Ludt

Lee & Associates

(614) 923-3300
bailey.ludt@lee-associates.com

    

 

Robert Bratley joins JLL’s Denver Capital Markets team

 

Robert Bratley

 DENVER, CO, June 17, 2021– JLL Capital Markets announced today that it has added Robert Bratley as a Senior Director in its Denver office.

 

 In this role, Bratley will work alongside JLL’s Jordan Robbins and Pam Koster to complete multi-housing investment sales advisory transactions throughout Colorado and the Western United States, with a particular focus on middle-market transactions.

Pamela (Pam) Koster 

“Over the past year we have seen an increased investor focus on the middle-market segment of the multi-housing sector,” said Eric Tupler, Senior Managing Director and head of JLL’s Denver Capital Markets practice.

Eric Tupler

 

 “We’re looking forward to having an industry veteran like Robert join the team and deliver a more specialized approach to this particular segment for our clients.”

 

With more than 12 years of experience in commercial real estate, Bratley has successfully completed more than $330 million of multi-housing transactions across the Denver area for a variety of clients.

 

Prior to joining JLL, he worked as a First Vice President and Director at two global commercial real estate firms.

Jordan Robbins 

 Bratley earned his Bachelor of Business Administration degree from Colorado State University. He is also a member of the Denver Metro Commercial Association of REALTORS.

 

“I’m excited to join Jordan and Pam’s advisory team and expand the presence of JLL on middle-market multi-housing investment sales throughout the region,” Bratley added.

 

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

 

 CONTACT:

 Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 

Bon Secours Mercy Health Headquarters in Cincinnati, OH acquired with $65.5 million loan

 

Bon Secours Mercy Health Headquarters,1701 Mercy Place
 in Cincinnati’s Bond Hill neighborhood

CHICAGO, IL, June 17, 2021 – JLL Capital Markets announced today that it has arranged $65.5 million in financing for the Bon Secours Mercy Health Headquarters, a 368,500-square-foot, Class A office building in Cincinnati, Ohio.

 

JLL worked on behalf of the borrower, 90 North Real Estate Partners and Rasameel Investment Company out of Kuwait, to secure the five-year, sub-2.50% fixed-rate acquisition loan through PNC Bank.

 

Recently completed in 2016, the property is 100% leased to Mercy Health with 14 years of remaining lease term.

Keith Largay 

The facility serves as the administrative and executive headquarters for Mercy Health, which is the State of Ohio’s largest healthcare delivery system and fourth largest employer.

 Employees have access to a variety of on-site amenities, including a state-of-the-art fitness center, large outdoor dining and activity area, food market, a walking/running trail encircling the campus, ergonomic workstations and treadmill desks to promote a healthy environment.

 

The five-story building also offers parking for more than 1,400 vehicles.

 

The Mercy Health Headquarters is located at 1701 Mercy Place in Cincinnati’s Bond Hill neighborhood, which is approximately 10 miles north of the central business district.

 Lucas Borges.

The property is adjacent to Ohio State Route 52, which provides connectivity to Interstates 75 and 71, and is surrounded by a variety of amenities, including retail centers, dining, golf courses, country clubs and Xavier University, just two miles south.

 

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Keith Largay and Director Lucas Borges.

 

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.

 

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

 

 

About Rasameel Investment Company

Kuwait

Rasameel Investment Company is a leading Shariah-Compliant investment company in Kuwait, offering clients a host of investment solutions. It is regulated by the Capital Markets Authority of Kuwait.

 

The main business pillars consist of Wealth Management, Asset Management and Alternative Investments. Rasameel was established in 2006 as a Kuwaiti Shareholding Company K.S.C. (closed) with an authorized and paid-up capital of KD 18 Million.

 

Proud of its professional investment team, technological infrastructure and strong track record, Rasameel is well positioned within the ever-growing regional Sharia-compliant investment management field. 

 

For more information, please visit rasameel.com.

 

About 90 North Real Estate Partners

 

90 North Real Estate Partners is an independent investment advisory firm headquartered in London, UK, that specializes in responsible real estate investment, and with considerable experience working with Sharia’h compliant equity partners.

 

90 North identifies and executes real estate investment and development transactions and co-invests alongside its investors.

 

The U.S. headquarters is located in Chicago and focuses primarily in the acquisition, asset management and business development in North America.

 

 

CONTACT:

 

 Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 

Blue Onyx Breaks Ground on 78-Unit Multifamily Complex in East Orange, NJ

Levi Kelman

EAST ORANGE, NJ – Blue Onyx Companies, an integrated commercial real estate development and management company, has broken ground on its pioneering “14 Summit” multifamily complex in the heart of East Orange, N.J.

 The ground-up, five-story residential building (78 units) will transform two lots and create a new campus – that includes the adjacent “18 Summit” – designed to enhance and support the local community.

 

The construction at 14 Summit St. is expected to be completed by spring 2023.

 '14 Summit' Street apartments, East Orange, NJ

 

The project, located between N. Arlington Ave. and N. Walnut St., totals 77,913 square feet, and will include eight studio apartments, 51 one-bedroom units and 19 two-bedroom units.

 

 It features unique amenities, including a coworking space, state-of-the-art fitness center, pet washing station, community lounge, two rooftop terraces and bike storage rooms. Inglese Architecture and Engineering has designed “14 Summit” to blend with the surrounding brick buildings.

 

“Our existing, neighboring project, ‘18 Summit’, offers quality, efficient and affordable units to an underserved population.

 East Orange, NJ Mayor Ted R. Green

 

‘14 Summit’ builds off this communal success by catering to a broader consumer base in this very commuter-friendly and walkable area through a thoughtfully curated mix of diverse apartment types,” said Levi Kelman, CEO, Blue Onyx.

 

“This amenity-driven and inclusive project is designed with the vision to build a more connected community, which is at the heart of our mission.”

 

He added: “As always, we strive to carry out our development projects in a way that strengthens community bonds across New Jersey’s neighborhoods.”

 

Adam Schlitt

Located in the City of East Orange – nicknamed “The Crossroads of New Jersey” – the two-building, 2-acre complex offers easy access to the Garden State Parkway and Interstate 280 in the central section of Essex County.

 

The transit-oriented site is located approximately a half-mile from Main Street, a major commercial corridor of the city, and the East Orange train station.

 

Blue Onyx’s “14 Summit” builds off the success of the company’s other East Orange asset, the adjacent 18 Summit.

 

Blue Onyx purchased the pre-war vacant and distressed property in 2014 and oversaw a full redevelopment process.

               18 Summit Street Apartments, East Orange, NJ

 

The building was completely gut-renovated and restored, with a modern interior. The company also rehabilitated 18 Summit’s unique, historic façade, which had been damaged.

 

The building, which opened in 2017 offering 75 units, is fully leased and serves as an anchor for the community.

 

“Blue Onyx’s initial ‘18 Summit’ project was a continuation of the standard of excellence that we set for all new construction in the City of East Orange," said Mayor Ted R. Green.  "Their restorative approach maintained the character of the community while giving it a fresh, new look.”

 

“Their new property at 14 Summit is a great complement to the existing building – a sophisticated, modern housing option for both millennials and baby boomers alike. We are excited about this ongoing partnership and thank Blue Onyx for investing in our city.”

Blue Onyx has properties and holdings throughout New Jersey and in parts of New York. Since 2009, the company has focused on niche markets with untapped value and potential.

“Together, our two impressive properties in East Orange will cement the transformation we’ve pioneered in this area, with working families and commuters benefiting greatly from these new living options,” added Adam Schlitt, manager of development, Blue Onyx.

 

The project received approval from the East Orange Planning Board in January 2021. March Associates has been selected as the construction manager with work anticipated to begin in summer of 2021 and targeting completion by early-2023.

 

 CONTACT: 

Dan Gunderman Senior Account Executive

 

M 862.377.5106 P 646.586.9931 E dan@violetpr.com Violet PR 7 N. Willow St, Suite 8C, Mailbox 11 Montclair, NJ 07042 www.violetpr.com www.blueonyx.com.

Anita Gross Promoted to Associate Principal, Corporate Accounts at Ware Malcomb's Irvine, CA Headquarters

 

 Anita Gross

IRVINE, CA, June 17, 2021 – Ware Malcomb, an award-winning international design firm, today announced Anita Gross has been promoted to Associate Principal, Corporate Accounts in the firm’s Irvine, Calif.-based headquarters office.

In her new role, she leads the Corporate Accounts Team, which supports the project delivery of corporate accounts nationally. 

Gross joined Ware Malcomb in 2005 as a Project Manager and has held multiple roles within the company throughout her tenure including promotions to Studio Manager and Director.

 In 2017, she was promoted to Director, Corporate Accounts to assist in the strategy and growth of Ware Malcomb’s Corporate Accounts team, capitalizing on her leadership, client management and technical skills. 

“With over 25 years of industry experience, Anita brings extensive knowledge to our Corporate Accounts program and truly embraces the Ware Malcomb culture,” said Ted Heisler, Vice President, Interior Architecture & Design at Ware Malcomb.

Ted Heisler

“Her mastery of account management has allowed us to successfully grow the Corporate Accounts program to comprise over 50% of Ware Malcomb’s business.”

Gross holds a Bachelor of Science degree in Architecture from the Georgia Institute of Technology and a Master of Business Administration degree from the University of Phoenix.

 She is an active member of several industry organizations including the Orange County Chapter of Commercial Real Estate Women (CREW) Network, and the National Association of Industrial and Office Properties (NAIOP) Southern California Chapter, where she is an Alumnus of the NAIOP Young Professionals Group (YPG). 

 CONTACTS:

 Rachel Reenders

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com