Stan Johnson Co. Brokers Sale of Stonebridge Village Shopping Center Near Atlanta, GA

Margaret Caldwell

 FLOWERY BEACH, GA --Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Stonebridge Village, located at 5855 Spout Springs Road in Flowery Branch, Georgia.

 The 157,002-square-foot power center is anchored by T.J. Maxx, Ross Dress For Less, PetSmart and OfficeMax and was 97 percent leased at the time of sale.

Stonebridge Village shopping center
Flowery Branch, GA

Margaret Caldwell and Patrick Kelley of Stan Johnson Company exclusively represented the seller.

 The asset was acquired for an undisclosed price by Rivercrest Realty Investors LLC, a private investor based in Raleigh, North Carolina.

 “Stonebridge Village is a highly sought-after power center with exceptionally performing tenants in a northern suburb of Atlanta near Lake Lanier,” said  Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.

The property was originally built in 2008 and is situated on 24.76 acres at the intersection of Interstate 985 and Spout Springs Road just 30 miles northeast of downtown Atlanta.

 

Patrick Kelley

The center is shadow-anchored by Target, Kohl’s and Home Depot and features a diverse tenant mix of soft and hard goods as well as service retailers, providing synergy and cross-shopping opportunities.

 “With the nearest competing center almost ten miles away, Stonebridge Village draws from a massive trade area and has remained well occupied with more than 85 percent of the tenants being first generation,” added Kelley.

 CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

www.stanjohnsonco.com.

 

Tricera Capital Adds Jennifer Houston to Growing Team in Miami, FL

 

Jennifer Houston

MIAMI, FL, Aug.17, 2021 – Tricera Capital, the Miami-based real estate investment firm, announces the addition of Jennifer Houston as Vice President - Head of Leasing. She is based in Tricera’s Brickell headquarters.

Houston brings a wealth of retail leasing knowledge to the firm, with about 15 years of industry experience. Her focus will be on urban commercial retail and office leasing, and she will bring a fresh perspective to Tricera Capital’s projects and investments throughout Florida.

Ben Mandell

“We are thrilled to add Jennifer to the Tricera team,” said Tricera Co-Founder Ben Mandell. “Jennifer will be critical to the expansion of our firm’s leasing efforts nationwide.”

Before joining Tricera, Houston was the Director of Leasing for EDENS in Florida, a retail real estate developer. She began her career in the retail industry as a leasing representative, gaining valuable experience leasing up shopping centers across Central and South Florida.

Houston graduated from Florida Atlantic University with a bachelor’s degree in Finance and Accounting.

 

 CONTACT:

Eric Kalis

954-370-8999

ekalis@boardroompr.com

 

Daniel Benjamin

Senior Account Executive

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza |

1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.triceracap.com.

Reuten Associates Announces Plan for Luxury Senior Housing Community in Downtown Closter, NJ

Mary Ann Hubschman

CLOSTER, NJ, Aug.17, 2021 – Reuten Associates and Metropolis Property Group unveiled plans today for a 195-unit luxury senior housing development in Closter, N.J.

The Residences at Reuten Park will replace five obsolete post-World War II-era manufacturing buildings located within the Reuten Corporate Park to create a modern, state-of-the-art senior housing community.

Mike Reuten

“We fully support plans to convert the industrial park into a residential community that will benefit seniors and add to the charm and beauty of our town,” said Mary Ann Hubschman, who owns and operates the Palisades Country Day School across the street from Reuten Corporate Park with her husband Richard Hubschman.

“This development will more than meet the needs of seniors in Closter which currently doesn’t offer this type of housing for our residents.”

 “We believe that transforming the oldest portion of Reuten Corporate Park from a manufacturing center to a beautiful luxury senior housing community is the ‘highest and best use’ of our land,” said Mike Reuten, owner and managing partner, Reuten Associates.

 “It will beautify the neighborhood and add a significant asset to our community – benefitting seniors, families, neighbors and local businesses.”

 “Often times, seniors like me have to move outside of their communities because of the lack of senior housing options,” said Pat Reuten, co-owner of Reuten Associates. 

“This new development will be a wonderful way to allow seniors to stay close to their families in Closter while still giving them the opportunity to embrace their independence.”

 Nick Sparozic, a lifelong area resident who owns the property where Closter Car Wash operates (formerly Jersey Nick’s Car Wash), also supports the project.

 “For generations, the Reutens have played a pivotal role in Closter becoming one of New Jersey’s most livable communities," said Sparozic.

"Their business has created jobs, provided a significant source of revenue for the town’s tax base, made donations to charities, and provided other meaningful ways of support for the town.

 “Mike Reuten is continuing the family tradition of caring for Closter’s residents by giving the town’s senior population the opportunity to stay in their own community. I’m 100 percent in support of it.”

 The Residences at Reuten Park will be located on an approximately six-acre property at 231 and 239 Herbert Avenue in downtown Closter – within walking distance of downtown retail stores and restaurants including Closter Plaza, as well as the Closter Nature Center.

 The property is located 10 miles north of the George Washington Bridge in Bergen County.

 

 CONTACT:

 

Alexa Cangialosi 

alexa@violetpr.com

https://www.metropolispropertygroup.com/

 

Stream’s Greater Los Angeles Leader Martin Pupil Named Partner

 

 Martin (Marty) Pupil 

LOS ANGELES, CA, Aug.17, 2021 – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that Martin (Marty) Pupil has been named Partner.

 “In three short years, Marty has significantly grown our Greater Los Angeles presence and footprint,"  stated Stream’s President, Chris Jackson.

 As respected industry veteran with an impressive track record, and strong leader who inspires his team and colleagues, we are excited to have him as a partner in our firm.” 

Chris Jackson

 Pupil joined Stream’s Greater Los Angeles office in 2018 and currently serves as Executive Managing Director, overseeing the operations for Stream’s Greater Los Angeles and Orange County offices.

Since he joined the firm, Pupil has successfully added numerous services lines and new markets, including the Inland Empire and Los Angeles.

  CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

JLL closes $766 million sale of 12-property, 2.3-million-SF office portfolio in the Washington, DC metropolitan area.

 

Stephen Conley

WASHINGTON, DC– JLL announced its Capital Markets group has closed the $766 million sale of a 12-property office portfolio totaling 2.3 million square feet in the Washington, D.C. metropolitan area.

 JLL represented the seller, WashREIT, accelerating WashREIT’s transformation into a multifamily-focused REIT.

 The portfolio sale consists of six office properties across Northern Virginia and six in Washington, D.C.’s central business district.

Matt Nicholson

 

JLL’s Capital Markets team representing the seller was led by Stephen Conley, Matt Nicholson, Jim Meisel, Andrew Weir, Dave Baker and Chris Capece.

 “We greatly appreciated the opportunity to work with WashREIT on this transformative transaction and taking the lead on reopening the Washington, D.C. marketplace,” Conley said.

 JLL’s Capital Markets group 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.

Jim Meisel

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 WashREIT

WashREIT owns and operates real estate assets in the Washington, D.C. market.

Backed by decades of experience, expertise, and ambition, the firm creates value by transforming insights into strategy and strategy into action.

Andrew Weir

WashREIT’s portfolio of 31 properties includes 7,059 multifamily apartment units and approximately one million square feet of commercial space.

 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 $16.6 billion, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021.

Dave Baker

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

 

  

CONTACT:

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 jll.com

 

 

IMG Expands to South Carolina with Acquisition of 242-Unit Greenville Asset

 

Andrea Howard

 Greenville, SC — Investors Management Group, Inc. ("IMG"), a California-based real estate investment and asset management firm, has acquired its first apartment community in South Carolina.

 

 The company purchased Tapestry at Hollingsworth Park, a 242-unit asset built in 2013 and located at 201 Rocky Slope Road in Greenville for an undisclosed price.

IMG now owns 16 apartment communities across the U.S. Sun Belt region (3,700 units) valued at $625 million.

Neil Schimmel

Nationally the company owns 4,300 units ($750 million). The firm has acquired more than $340 million in apartment assets since the start of the pandemic, bolstering its multifamily portfolio across the country.

“While our entry into the Greenville market was multiple years in the making, discussions started heating up earlier this year,” according to Neil Schimmel, Founder-CEO of IMG.

 

 "There's an oncoming surge of investor interest in multifamily projects in the beltway between Charlotte and Atlanta. The Greenville market is leading the recovery in terms of economic growth and population gains. These were the top drivers behind this deal."

Tapestry at Hollingsworth Park is located within Verdae, the largest Master Planned Urban Community in Greenville's history, minutes from Interstate 85 and the city's thriving downtown.

 

Tapestry offers a resident clubhouse with cyber cafe, coffee bar, library, outdoor kitchen and dining terrace, fitness studio, salt water pool with cabana, and car care center.

Tapestry at Hollingsworth Park,  
a 242-unit, 19-building  asset built in 2013
  at 201 Rocky Slope Road in Greenville, SC

 

Tapestry at Hollingsworth Park  encompassing a mix of one- two- and three-bedroom floor plans averaging 1,105 square feet.

IMG's value-add business plan will improve the asset through upgrades to unit interiors and community amenities.

Freddie Mac financing was secured through NorthMarq. Andrea Howard, Managing Director of NorthMarq's nationally ranked Multifamily Investment Sales team, represented the Buyer and Seller.

 

 

  CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

'King of Diamonds' Harry Winston Home Up for Sale at $32.5 Million

 

Marilyn Monroe 

NEW YORK CITY, NY -- Known throughout the world as the King of Diamonds and Jeweler to the Stars, Harry Winston’s jewelry designs have been sought after by movie stars, royalty and heads of state since the 1920s. 

Lauren Weisberger

Showing exceptional talent as early as age 15 for spotting valuable stones, Harry left his parents small jewelry business in California and moved to New York City, where he became a legendary diamond and jewelry specialist.

Paula Zahn

 

The Winston name became synonymous with fine jewelry such as in the 1953 song “Diamonds Are a Girl’s Best Friend” sung by Marilyn Monroe in the movie Gentlemen Prefer Blonds and Lauren Weisberger’s best-seller Chasing Harry Winston.

Mary Tyler Moore

He was well known for lending his glitziest jewels to actresses to show off at the Academy Awards, but Harry was especially famous for his donation of the Hope Diamond to the Smithsonian in 1958, according to TopTenRealEstateDeals.com.

Louise Beit

Harry owned the Hope Diamond for 10 years. Something else he owned for a long time: his jewel of a New York apartment with stunning views overlooking Central Park, which is now on the market, priced at $32.5 million.

Harry Winston

 One of New York’s premier white-glove addresses located directly across from the water basin in Central Park, 927 Fifth Avenue was built in 1917 in the Renaissance Revival style on 12 floors.

Harry Winston apartment home, 927 Fifth Avenue,
 New York City, NY

Located on the entire 9th floor, Harry’s former apartment has six bedrooms, five bathrooms, formal living and dining rooms as well as a library, butler’s pantry, an eat-in kitchen, six fireplaces, 27 oversized windows, herringbone floors and 10’6’ ceilings.

With over 5,000 square feet, rooms in the pre-war building are quite spacious, as befitted the period.  

 

Designed by Warren & Wetmore, well known for designing New York’s Grand Central Terminal and many of the era’s largest hotels, including the Mayflower Hotel in Washington D.C. and the Royal Hawaiian Hotel in Honolulu. 

 

 Former residents of the building have included Paula Zahn and Mary Tyler Moore.  

Though Winston died in 1978 at the age of 82, the Harry Winston salons are still the gold standard of jewelry stores with locations throughout the world, including the U.S., England, China, Switzerland, Germany and Japan. 

 John Burger

The 927 Fifth Avenue listing agent is John Burger of Brown Harris Stevens and Louise Beit of Sotheby's International Realty, both located in Manhattan.

 

 

  CONTACT:

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  336-459-3728
Twitter:  @toptenrealestat
facebook.com/toptenrealestat  

 

Photo Credit:  Brown Harris Stevens
Sources:  TopTenRealEstateDeals.com and www.bhsusa.com
Video: https://www.youtube.com/watch?v=9YPPdaZHnnM  
Video Credit: Sean Evans, @evvo1991 backtothemovies.com/