Prestigious Greenhill Towers in Addison, TX Celebrates Pivotal Year and Continued Success

Greenhill Towers, Addison, TX

 

 Addison, TX –- Navigating the effects of a pandemic while maintaining extraordinary customer service has kept Greenhill Towers as one of Dallas’ most sought-after properties for Class A office space.

This success has been evidenced by the momentum in leasing for the Codina Partners-owned and Crescent Properties-managed building.

2021 saw high-profile leases such as:

 American Trailer World (ATW)

• Henderson Rogers
• American Federation for Children
• B-29 Investments, LP
• AMI Media Services

• Warren Resources
• David E. Mitchell Enterprises, Inc. (Mitchell Enterprises)

Pramod Raju

"We could not be more pleased with our decision to move into Greenhill Towers," said Pramod Raju, ATW's CFO.

"It is important for us to improve the overall employee experience by upgrading our space, increasing on-site amenities, improving the office location and getting our employees together into one building.

"With the addition of the health measures taken at Greenhill Towers, our decision was made with confidence.”

Jonathan Jones

Recognized as one of the best in the industry every year since 2018, Greenhill Towers has earned regional honors for The Outstanding Building of the Year Award (TOBY).

This award is granted by the Building Owners & Managers Association (BOMA) and is the highest achievement for any commercial real estate building in the United States, giving Greenhill Towers a competitive edge.

 “To maintain award-winning practices throughout a substantially difficult year exemplifies our commitment to excellence,” says Jonathan Jones, Senior Property Manager of Crescent Property Services LLC.

“Our on-site amenities and services include car detailing, Tide cleaning, complimentary shoe shining and more for tenants’ complete convenience. We also partner with Alvéole for local bee preservation.”

Dr. Michael Gao

A notable feat that garnered a Platinum Certification from Haven Diagnostics is the Codina Partners Healthy Building Initiative.

COVID-19 preventative technology, such as MERV 13 filters and NanoSeptic self-cleaning surfaces, were implemented to address and protect customers from the risk of in-office transmission.

The rigorous health and safety plan effectively reduces the risk of transmission by 83% at Greenhill Towers.

Addison, TX

According to Dr. Michael Gao at Haven Diagnostics, the Healthy Building Initiative puts Greenhill Towers in the top 5% in the nation for the percent reduction of indirect COVID-19 exposure.

 "As tenants think about office space, health is the number one concern they may have. Crescent Real Estate and Codina Partners are at the forefront of health and wellness buildings and took such measures to fulfill the healthy buildings initiative at Greenhill Towers [in Addison]," said Gao. 

"Designation as Haven Platinum exemplifies how buildings should be operated and managed."

 The Crescent Management team also celebrates being recognized ten times by the National Commercial Real Estate Customer Service Award for Excellence, or the “A List” Award, from CEL & Associates, Inc.

 CONTACT:

Jonathan Jones

CP Greenhill LLC

972.392.0660

 

https://www.greenhilltowers.com/.

 

JLL Capital Markets arranges sale and acquisition loan for Shops of Bella Terra in Richmond, TX

Wendy Vandeventer 

  HOUSTON, TX – JLL Capital Markets has closed the sale of and arranged acquisition financing for Shops of Bella Terra, a 271,157-square-foot, institutionally owned and operated regional power center in the Houston-area community of Richmond, Texas.

Erin Lazarus

 JLL marketed the property on behalf of the seller. Fidelis Realty Partners LLC acquired the asset. Additionally, working on behalf of the new owner, JLL placed the 10-year, fixed-rate acquisition loan with Morgan Stanley.

Barry Brown

 According to Placer.ai data, Shops of Bella Terra is the most visited shopping center within a five-mile radius, which includes 222,815 residents earning an average annual household income of $162,371.

Situated on 35.57 acres at 5472 W. Grand Pkwy., the center has frontage along the Houston’s Grand Parkway, Houston’s outer loop highway that services the northern and western suburbs.

This location in Richmond places it in a growing Fort Bend County location near two of the nation’s top 20 master-planned communities.

Adam Howells

 

Completed between 2008 and 2013, Shops of Bella Terra is 93 percent leased to a diversified merchandising mix that includes 24 Hour Fitness, Total Wine & More, Best Buy, Five Below, Ulta Beauty and pads that include Chick-fil-A, Whataburger and more.

Additionally, vacant land for additional pad site development was included in the sale.

 The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Barry Brown and Adam Howells, Managing Director George Cushing, Senior Director Wendy Vandeventer and Analysts Ethan Goldberg and Erin Lazarus.

George Cushing

“The significant buyer interest we received on Shops of Bella Terra is indicative of the broad liquidity taking shape in the retail sector targeting across deals of all sizes,” Brown said. “We are very pleased with the outcome of this transaction.”

The JLL Capital Markets Debt Advisory team representing the new owner included Senior Managing Director Colby Mueck, Senior Director James Brolan and Analyst Stuart Hepler.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

Ethan Goldberg 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

 

Colby Mueck

About Fidelis Realty Partners LLC

Fidelis is an owner, operator and developer of retail, healthcare and residential commercial real estate projects.

 Fidelis has approximately 16 million square feet of property located in six states. 

Fidelis is headquartered in Houston with regional offices in Dallas, Texas, and Santa Fe, New Mexico.

Fidelis’ mission is to maximize the value of the properties they serve for their tenants, customers, partners and communities. 

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.

James Brolan

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 95,000 as of September 30, 2021.

Stuart Hepler

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

CONTACT:

Kimberly Steele

PR, Capital Markets,

Agency Leasing

 and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

  frpltd.com.

JLL Capital Markets arranges financing for Lone Star Funds to purchase Legacy Place open-air retail center in Palm Beach Gardens, FL

Claudia Steeb

 

 MIAMI, FL – JLL Capital Markets has arranged financing for the acquisition of Legacy Place, a Class A, 424,500-square-foot, open-air retail destination in the South Florida community of Palm Beach Gardens.

 JLL worked on behalf of the borrower, an affiliate of Lone Star Funds, to place the three-year, floating-rate loan with Wells Fargo Bank.

 Legacy Place retail center located
on 43.1 acres at 11315 Legacy Avenue
 Palm Beach Gardens, FL

 Legacy Place is anchored by Best Buy, Barnes & Noble, Total Wine & More, Michaels and Petco, all original tenants of the center, which was completed in 2006 and 2007.

Legacy Place is also home to a strong and diversified tenant lineup, including Ethan Allen, Miami Children’s Hospital, The Container Store, Bassett Furniture, The Capital Grille, Chili’s Grill & Bar and Five Guys.

Chris Drew

The property’s open-air concept presents a walkable format, outdoor common areas with dining options and a spacious layout.

 Located on 43.1 acres at 11315 Legacy Avenue, Legacy Place sits at the interchange of PGA Boulevard and ATL A1A, two heavily trafficked corridors with daily traffic volumes exceeding 96,300 vehicles per day.

The center is within a premier, upscale retail area in Palm Beach Gardens, an affluent community 70 miles north of Miami that ranks among the wealthiest and most exclusive areas in the nation.

The property draws from an extended 115-square-mile trade area that includes 347,000 people and 136,891 households with a total buying power exceeding $12.4 billion.

Zach Barone 

The JLL Capital Markets Debt Advisory team that represented the borrower was led by Senior Managing Director Chris Drew, Managing Director Claudia Steeb and Analysts Zach Barone and Maddy McMillen. 

 “We appreciate the opportunity to represent Lone Star Funds to secure the financing, which required lender flexibility throughout the process,” Steeb said.

“The strength of the sponsorship enabled us to secure debt quotes for this non-grocery-anchored asset in a challenging retail financing market. We can’t wait to see the transformation of Legacy Place.”

Maddy McMillen

About Lone Star Funds

Lone Star is a leading private equity firm founded by John Grayken advising funds that invest globally in real estate, equity, credit and other financial assets.

 

Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling more than $85 billion.

 

The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series.

John Grayken

 Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.

 

CONTACT:

 

Kimberly Steele

PR, Capital Markets,

Agency Leasing

 and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

 www.lonestarfunds.com.

 

Developer James Dicks Seek to Grow Brooksville’s Southern Pines Condominium Plan into a Single-Family Home Community

 

James Dicks

BROOKSVILLE, FL – DIX Developments is seeking rezoning of property at Southern Pines to single-family, and has requested an amendment to Hernando County’s master plan that would add 169 single-family homes to the existing 32 condominiums.

 The gated 37-acre Southern Pines community currently has 32 completed condominium units in two buildings, and a 7,000-square-foot clubhouse with indoor and outdoor pools, according to James Dicks, president of DIX Development LLC.

 

He said the rezoning would decrease the original plan by 55 dwelling units.

 

“We’ve spent the past four months reviewing the feasibility of the existing project,” Dicks said. “Brooksville is a great market right now with interest that’s growing every day.

 

"We believe that creating a single-family community will generate value for all businesses and residents in the area.”

 

Dicks, who named CPH as the civil engineering firm in charge of the plan, said the project will create numerous jobs and subcontractor opportunities while boosting the local economy.

“Now that we own the property, we will ask for an amendment to the existing planned development. We’re excited and look forward to delivering a value-added project to this area.”

 

CONTACTS:

Scott Prewitt, Executive Vice President of Business Development, DIX Developments, LLC, 407-542-6120 or scott@dixdevelopments.com

 

James Dicks, CEO, DIX Developments LLC,

 407-542-6120 james@dixdevelopments.com 

 

Beth Payan, Larry Vershel Communications,

407-644-4142, 407-461-3781 or beth@larryvershel.com.

 

Bret Thompson has joined JLL Capital Markets to co-lead the multi-housing investment sales and advisory practice alongside Senior Director Robert Jenkins

 

Bret Thompson 

 WASHINGTON, DC – JLL Capital Markets has hired Bret Thompson as a Senior Director in its Washington, D.C. office.

Thompson will co-lead the multi-housing investment sales and advisory practice alongside Senior Director Robert Jenkins.

Robert Jenkins

Thompson has more than 11 years of commercial real estate experience and joins JLL from a national commercial real estate firm where he was a Senior Vice President focused on multifamily investment sales and equity capitalizations of properties and portfolios in the Mid-Atlantic.

Prior to that, he spent five years as an Associate Director at HFF, which was later acquired by JLL in 2019. 

He is an active member of the National Multifamily Housing Council (NMHC) and is a graduate of Duke University, where he was also a member of the Duke University NCAA Division I Lacrosse team.

Jamie Leachman

“Multi-housing continues to be a very active and appealing property type for investors,” said Jamie Leachman, Senior Managing Director and co-head of JLL’s Capital Markets team in Washington, D.C.

“We are really excited to have Bret back on our team and look forward to the contributions Bret and Robert will make to grow JLL’s market share in the D.C. metro.”

 

Contacts

  Kristen Murphy

JLL Senior Manager, Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

 

 

Expanding Alongside @properties, Proper Title, LLC, Hires Brent Fielder as EVP of Business Development

Brent Fielder

 

 CHICAGO, IL -- Proper Title, LLC, one of Illinois’ largest title insurance agencies, announced that Brent Fielder has been hired as executive vice president of business development.

  In this role, Fielder will be responsible for expanding the firm beyond Proper Title’s home state of Illinois, initially with a new location in northwest Indiana.

 

He will also be responsible for recruiting key employees as well as growing and collaborating with sales teams.

Mike Golden

 

“Brent’s depth of industry experience and a strong track record in developing multi-state title company operations made him the clear choice to lead Proper Title’s expansion into markets outside of Illinois,” said Mike Golden, partner and co-founder of Proper Title and co-founder and co-CEO of @properties.

 

Most recently, Fielder served as executive director of sales and marketing for Meridian Title Corp. in South Bend, Ind. In this position, he led the northwest Indiana, north-central Indiana, and southwest Michigan sales teams to exceed annual sales goals

Contacts

 Paula Widholm

pwidholm@taylorjohnson.com

 (312) 267-4525

 

Kim anning

 kmanning@taylorjohnson.com 

(312) 267-4527

propertitle.com.

JLL Capital Markets closes $38 million sale of South Hills Mall & Plaza in Cary, NC

 

Sarah Godwin

 

RALEIGH, NC – JLL Capital Markets has closed the $38.4 million sale of South Hills Mall & Plaza, a 365,000-square-foot retail center in the Raleigh-area community of Cary, North Carolina.

 JLL marketed the property on behalf of the seller, South Hills Shopping Center, Inc. An affiliate of Northpond Partners acquired the asset.

 South Hills Mall & Plaza is situated on nearly 34 acres at 1297 Buck Jones Rd. in Cary at a high traffic interchange of Highway 1/64 and Interstate 40 and 440, which carries more than 500,000 vehicles per day and is the largest interchange in the state.

This location is one of the most desirable retail corridors in the area and serves an extended trade area that includes 186,591 residents with an average annual household income of $102,581 in a five-mile radius.

 The 99-percent-leased South Hills Mall & Plaza comprises 10 parcels that are home to a variety of national and local retailers.

The JLL Capital Markets team representing the seller was led by Director Sarah Godwin, Senior Director Thomas Kolarczyk and Executive Vice President Matt Winters.

Thomas Kolarczyk

“South Hills is a destination that has supported many successful tenants over its rich history, spanning many decades,” Godwin said. “This location provides incredible access to the heart of the Triangle.”

“The property is ripe for additional densification and reconfiguration,” Kolarczyk added. “All parties are excited to see what’s next for South Hills.”

Matt Winters

About Northpond Partners

 Northpond focuses on the acquisition, development and redevelopment of retail and mixed-use properties at prime locations in select urban and suburban markets domestically.

 

Leveraging decades of expertise and relationships, Northpond targets value add and opportunistic investment strategies.

 

Contact:

Kimberly Steele

PR, Capital Markets,

 Agency Leasing and

Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com

northpond.com.