JLL Capital Markets leads sales efforts for six office properties within Imperial Center in Durham, NC

 Patti Autry

 

 Raleigh, NC, Dec. 8, 2021 – JLL Capital Markets announced today that it closed the sale of six office buildings totaling 408,572 square feet within Imperial Center in Durham, North Carolina.

 JLL marketed the portfolio on behalf of the seller, OA Development, an Atlanta-based real estate investment and development firm.

Hillman Duncan

The six properties are located at 4721, 4813 and 4815 Emperor Blvd. and 1005, 1007 and 1009 Slater Rd. within Imperial Center, Raleigh-Durham’s largest business park boasting 456 acres and more than four million square feet of mixed-use space.

 Imperial Center is home to more than 69 companies and 5,000 employees and is strategically located close to the Interstate 40 and 540 interchange, providing access throughout the Triangle Region, including the RDU International Airport and Downtown Raleigh.

 Currently 92.5% leased overall to 50 tenants, the Imperial Center portfolio is home to an attractive healthcare and STEM-oriented tenant roster that is representative of the Triangle area’s core industries. The three- and four-story properties sit on a total of 28 acres.

 Ryan Clutter

The JLL Capital Markets team representing the seller was led by Senior Managing Director Ryan Clutter, Senior Director Chris Lingerfelt and Directors Daniel Flynn and John Mikels. JLL's Hillman Duncan and Patti Autry have been retained to handle leasing for the project.

 “The Imperial Center offering offers tremendous value-add potential through the immediate lease-up of available space while providing stable cash flow from the predominately healthcare and STEM-oriented tenant roster,” Lingerfelt said.

Chris Lingerfelt 

“Our Imperial Center portfolio performed exceptionally well through the pandemic and exceeded our business plan in terms of leasing demand, rental rate growth and overall performance,” explained Josh Videlefsky, director, OA Development.

 “This made for a successful venture for our partners, and we are confident that the next owner will also do well given Raleigh-Durham’s continued growth and Imperial Center relevance in a bulls-eye location.”

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

Daniel Flynn

 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.

 

About OA Development

Founded in 1993, OA Development is a privately held, integrated commercial real estate firm that invests in and manages office and industrial assets throughout the Southeast. 

 John Mikels

The company’s expert team curates sound investments, operates with transparency, sustains loyal partnerships and captures consistent value through opportunistic commercial real estate investing. 

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. 

Josh Videlefsky

JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce more than 95,000 as of September 30, 2021. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com.

 CONTACT:

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 OAdevelopment.com. 

Tricera Capital, 13th Floor Investments Secure Lease with Echelon Fitness to Anchor The Boulevard’s Retail Component in Miami, FL

 Jennifer Houston

 MIAMI, FL –– Tricera Capital, leading the retail efforts at The Boulevard, finalized a lease with high-profile on-demand exercise firm Echelon Fitness to anchor the ground-floor retail component.

The Boulevard, a 294-unit luxury apartment building, is being developed by 13th Floor Investments in partnership with both Wexford Capital and Tricera.

 Ben Mandell 

“We are thrilled at the opportunity to bring an elite tenant such as Echelon to The Boulevard,” Tricera Capital Co-Founder and Managing Principal Ben Mandell said.

“Echelon is truly disrupting the home fitness industry, they will fit in well with the pioneering technology firms that are increasingly moving to Miami.

"The in-person training component will be a major hit with The Boulevard residents and nearby residents and professionals.”

Mandell and Jennifer Houston, Tricera’s Executive Vice President – Head of Retail Leasing, oversee retail leasing at The Boulevard.

The Boulevard apartments, 294 units 
 5700 Biscayne Boulevard, Miami, FL

Tricera also completed a lease with the popular Crema Gourmet Espresso Bar, which will open a new location at The Boulevard.

Echelon is set to occupy 10,035 square feet at The Boulevard, which will have a total of approximately 27,000 square feet of retail.

 The 2.2-acre development site is located at 5700 Biscayne Boulevard – just 1.5 miles north of Miami’s Design District.

Crema Gourmet Espresso Bar within The Boulevard,
Miami, FL

The duo is finalizing leases with a fast-casual poke concept from Pinecrest, upscale salon and luxury clothing boutique.

The partnership expects to complete The Boulevard and commence resident move-ins during the first quarter of 2022.

“This is a very exciting time to be in Miami and work on a project like The Boulevard,” Houston said.

“We look forward to elevating the MiMo District with compelling new restaurants and high-end boutiques, creating an unparalleled experience for the project’s tenants and visitors.”

For leasing inquiries, please contact Houston at jennifer@triceracap.com.

CONTACT:

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

 

 

JLL’s EPC team brings on Property Condition Assessment specialist Javier Seda-Romero

 

Javier Seda-Romero 

ORLANDO, FL – JLL’s Valuation Advisory group announced Javier Seda-Romero has joined its growing Environmental and Property Condition (EPC) team as a Project Management Director specializing in property condition assessments.

 In his new role, Seda-Romero will expand the capabilities of the EPC team. He comes to JLL with more than 20 years of experience in architectural and real estate due diligence fields.

Seda-Romero holds certifications from LEED AP in Building Design + Construction and is a HUD Architectural Application Reviewer for the Multifamily Accelerated Process, along with having certification as an Asbestos Inspector and Project Handler.

Jeff Manas

He has also been a member of InterNACHI since 2013. Seda-Romero has a bachelor’s in architecture, with minors in value engineering and construction management, from Pratt Institute in Brooklyn, New York.

 Led by Managing Director Jeff Manas, the EPC service team offers Phase I ESA and Phase II Oversight Management, along with PCAs, zoning reports, seismic studies, ALTA surveys and green evaluations.

The new service line was announced in April 2021 as part of JLL Valuation Advisory’s ongoing growth strategy and expanded JLL’s capabilities to help clients manage real estate risk. 

CONTACT:

 Kimberly Steele

PR, Capital Markets, Agency Leasing and Valuation Advisory 

JLL

M +1 832 244 9994

JLL.com

 

Ryan Bleggi of John R. Wood Properties Inaugurated as NABOR President

Ryan Bleggi 

 Naples, FL, Dec. 7, 2021 — John R. Wood Properties is proud to announce that 5^th Ave, Isles of Capri, and Marco Island offices Managing Broker Ryan Bleggi has been named as the 2022 President of the Naples Area Board of Realtors (NABOR).

 “NABOR has played a significant role in my professional career,” Bleggi said. “Acting as a resource for agents is one of my passions, and I am excited to continue helping others in the industry grow as I take on this new role.”

Corey McCloskey

 

Bleggi began his real estate career in Southwest Florida in 2004. After being a partner in his own boutique real estate firm in Naples, he joined John R Wood Properties in 2016. 

Prior to taking on the presidential role, Bleggi held several leadership positions in the Naples Area Board of Realtors and other organizations.

John R. Wood

 

John R. Wood Properties has had strong ties to the Naples Area Board of Realtors for many years. Previous NABOR Presidents have included several John R. Wood figures such as President and CEO Phil Wood, Founder John Wood, and Vice President of Operations Corey McCloskey, who preceded Ryan Bleggi as NABOR President in 2021.

 

“It has been an honor and a pleasure to serve as the 2021 President of NABOR, and I am proud to pass the title on to Ryan,” McCloskey said of her successor.

 

About John R. Wood Properties

 

John R. Wood Properties, founded in 1958, is the oldest major real estate brokerage in southwest Florida. It is consistently the #1 firm in market share in the two-county SWFL area that includes Collier and Lee counties. 

Phil Wood

It is a nationally recognized company with more than 60 years of market experience and broad international exposure to buyers in various countries. 

The company has 19 offices throughout Collier and Lee counties, serving Marco Island, Isles of Capri, 10 locations in the Naples area, Ave Maria, Bonita Springs, Cape Coral, Ft. Myers Beach, Ft. Myers, Sanibel, and Captiva.

 John R. Wood Properties has 700 agents and staff, offering luxury real estate services throughout the area. For more information, please visit www.JohnRWood.com.

 

CONTACT:

Alexa O'Kane Account Executive c: 516-543-9736 | o: 954-379-2115 www.redbanyan.com New York City, NY

Alliant National Promotes Patrick Hagler to Regional Counsel - Southeast

 

 

Patrick Hagler    Longmont, CO – Alliant National Title Insurance Company, a unique title insurance underwriter that partners with independent agents to improve their competitive position, announces the promotion of Patrick Hagler to Regional Counsel - Southeast. “Patrick has been critical to our company and the growth of our business in Georgia,” said Jeff Stein, Chief Underwriting Counsel and Senior Vice President for Alliant National.  “He has also been an invaluable help to me in assisting our counsel and agents in the Southeast states in which we do business. I am thrilled for what lies ahead.   Jeff Stein "I know that with his leadership, our team of Southeast attorneys will do great things and provide extraordinary support to our independent title agents.” For the past five years, Hagler has served as State Counsel-Georgia and South Carolina.  Hagler received his J.D. from St. Mary’s University. He previously obtained his B.S. from Texas A&M University. He is a member of SLTA and ALTA, and lives in North Georgia.

 

 

CONTACT:

Cathie Beck

303.241.0805
cathie@capitalcitypr.com

 alliantnational.com

Stan Johnson Co.'s Husband and Wife Clyburn Team Brokers Sales of Two Georgia Shopping Centers

Julie Clyburn

 

DAWSONVILLE, GA -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Dawson Forest Shopping Center.

 The 10,100-square-foot unanchored shopping center is located at 802 Georgia Highway 400 South in Dawsonville, Georgia.

 The property features three suites and was 72 percent occupied at the time of sale. Stan Johnson Company’s Doug Clyburn and Julie Clyburn represented the private Atlanta, Georgia-based buyer.

 

 Dawson Forest Shopping Center. Dawsonville, GA

The locally based owner sold the asset for approximately $1.7 million reflecting a 6.16 percent cap rate.

 “We sourced this off-market property for our client, a dental group, looking for a multi-tenant center in Dawsonville to open another office,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.

 “The center had one endcap vacancy which suited our client’s needs, and we were able to complete the transaction with the local owner.”

 The Clyburns Also Handled the $2.8 Million Sale of Rock Quarry Center in Stockbridge, GA

 STOCKBRIDGE, GA --  Rock Quarry Center located at 1445 Rock Quarry Road in Stockbridge, Georgia.

 The unanchored shopping center totals 21,600 square feet and was fully leased at the time of sale.

Doug Clyburn

The seller was an individual investor based in Fayetteville, Georgia. The buyer, a McDonough, Georgia-based private entity, was represented by Doug Clyburn and Julie Clyburn of Stan Johnson Company.

 The asset traded for approximately $2.8 million reflecting a 7.31 percent cap rate.

Rock Quarry Center, Stockbridge, GA

 “We represented the purchaser of this center which had received multiple offers as soon as it came to market,” said Doug Clyburn, Associate Director in Stan Johnson Company’s Alpharetta, Georgia office.

 “We were able to convey to the seller the interest and financial strength of our client, providing assurance of closing, which put our client in first position for the purchase.”

 Rock Quarry Center is situated on 1.42 acres in a dense retail corridor with convenient access to Interstate 75. It was built in 2003 and features 10 tenants including restaurant and service retailers

 CONTACT:

 David Ebeling

 Ebeling Communications

 (949) 278-7851

 david@ebelingcomm.com

www.stanjohnsonco.com.

 

JLL Capital Markets closes sale of Crystal Cove Commons in North Palm Beach, FL

 Daniel O'Grady
and Monette Klein-O’Grady

 

  MIAMI, FL – JLL Capital Markets has closed the sale of a dynamic mixed-use property totaling 120,474 square feet of retail and office space in North Palm Beach, Florida.

 JLL marketed the property on behalf of the seller, Black Lion Investment Group. A joint venture between Investment Capital Markets and American Commercial Realty Corp acquired the asset.  

 Crystal Cove Commons consists of 75,406 square feet of upscale retail and 45,068 square feet of office space on three floors.

Crystal Cove Commons is leased to a diversified rent roll that includes Cod & Capers; Horizon Yachts, Honey Baked Ham; DSS, Inc.; Domino’s Pizza; STARK Carpet; Fuse Appliances; Chervò USA; Duca Del Cosma; USA Tile & Marble; Stormhouse Brewery; Viper Equity Partners and Cucina Cabana.

 Crystal Cove Commons was constructed in 1982 and was substantially renovated between 2017 and 2019.

Danny Finkle

Crystal Cove Commons is situated along US-1 just south of PGA Boulevard and is surrounded by the affluent South Florida residential communities of North Palm Beach and Palm Beach Gardens.

The property serves an expanded trade area that includes 137,745 residents earning an average annual household income of $102,783.

 The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle, Senior Director Eric Williams and Director Matthew McCormack. The buyer was represented by Monette Klein-O’Grady and Daniel O’Grady from Prime Sites Inc.

Eric Williams 

 “Palm Beach County is one of the most sought-after markets in the country for real estate investment across property types, and Crystal Cove Commons represented an attractive opportunity to acquire a well-located asset with strong in-place revenue and upside potential,” Williams said.

“Black Lion Investment Group did a tremendous job transforming Crystal Cove Commons into one of the premier mixed-use projects in northern Palm Beach and positioning the center for long-term success.”

 

 About Black Lion Investment Group

Black Lion Investment Group is a privately held commercial real estate investment firm led by President Robert Rivani.

Robert Rivani

The firm’s current projects include the development and redevelopment of retail, hospitality, and mixed-use assets in several high-growth markets.

 Black Lion’s distinctive portfolio includes such high-profile projects as a transformation of the Wynwood Jungle in the coveted Wynwood Arts District, the popular waterfront restaurant Amara at Paraiso, the complete reimagining of the Brickell Bay Boardwalk, and most recently, the introduction of a chic restaurant concept at SLS Lux Brickell. 

Matthew McCormack

Additionally, Black Lion recently renovated the Crystal Cove Commons luxury mixed-use retail and office center in North Palm Beach. 

The firm is aggressively pursuing additional real estate investments in South Florida that align with its strategy to deliver top-notch dining, retail and nightlife experiences to the booming South Florida market.

 For more information about the firm and its portfolio of properties please visit BlackLion.inc.

 CONTACT:

Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.