Comunale Hires Industrial Acquisitions Team of Clint Jenkins and Charlie Wigdale to Pursue Regional Market Growth

 

 Clint Jenkins

DENVER, CO, Jan. 6, 2022 – Positioning for growth in the highly competitive Southwest and Mountain West industrial markets, Comunale Properties has expanded its dedicated investments team, focused on pursuing acquisition and development opportunities primarily in Colorado, Arizona, Texas and Utah.

 

Industry veteran Clint Jenkins will head the team as Senior Vice President of Investments, responsible for the oversight of all company acquisitions and the asset management of Comunale’s portfolio of approximately 2 million square feet of industrial space in five states.

 

Charlie Wigdale joins Comunale as Senior Associate, responsible for underwriting acquisitions, evaluating development opportunities and conducting asset management.

Charlie Wigdale

“Clint and Charlie bring great talent to Comunale at a time when we are actively growing the size, complexity and geography of our industrial presence,” said John Comunale, President of Comunale Properties.

 

 “Their understanding of institutional-level investment pairs seamlessly with ours, and will add a level of support that ensures we’re selecting and executing on the best locations and the best projects for long-term investment.”

John Comunale

Jenkins joins Comunale following almost 14 years at American National Insurance, where he most recently served as Assistant Vice President of Real Estate Investments.

Wigdale joins Comunale from industrial-focused investment banking firm SLATE Partners, where he was responsible for financial analysis and valuation, industry research, due diligence, buyer outreach, and the preparation of investment marketing materials.

 

CONTACT:      

     

Stacey Hershauer

stacey@focusaz.com

480.600.0195

 comunaleproperties.com.

 

Stan Johnson Co. brokers $17 million sale of grocery-anchored shopping center in Tulsa, OK

 

Margaret Caldwell

TULSA, OK -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Summit Square, a 166,552-square-foot shopping center located at 7104 South Sheridan Road in Tulsa, Oklahoma.

 The center was 96 percent leased at the time of sale and is anchored by a newly renovated Reasor’s grocery store.

Gill Warner 

 Margaret Caldwell, Gill Warner and Patrick Kelley of locally based Stan Johnson Company brokered the sale on behalf of the seller.

  The center was acquired by First National Realty Partners for $17.0 million and is the investment firm’s first acquisition in Oklahoma.

 “Summit Square is an awesome investment opportunity for First National Realty Partners given the diversified tenant mix with a newly renovated grocer and good leasing momentum,” said Caldwell, Managing Director and Partner.

Patrick Kelley 

“The center offers strong returns and fantastic demographics, with a 3-mile population of over 93,000 people and average incomes above $90,000.”

 The South Tulsa shopping center offers excellent ingress and egress points and boasts very ample parking for its 25 tenants and available suites.

 The immediate area has very little grocer competition, and Reasor’s has been a tenant since the center was originally constructed in 1987.

Summit Square,  a 166,552-square-foot shopping
center located at7104 South Sheridan Road
 in Tulsa, OK

 

Their recently completed multi-million-dollar renovation illustrates the grocery store’s commitment to the center and local neighborhood.

 Other tenants include junior anchors, Tuesday Morning and American Freight, along with a strategically curated roster of shop tenants including restaurants, medical retailers, service providers and more.

 “Summit Square is well-located within the Tulsa market and anchored by Reasor’s, a best-in-class local grocer that was acquired by Brookshire Grocery Company during our negotiations, to further bolster the appeal of the center,” added Kelley, Associate Director.

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.”

Hold-Thyssen Closes on $850,000 Investment Sale of Fully Leased Six Suite Office Property in St. Cloud , FL

 

Martin Forster 

ST. CLOUD, FL --- Hold Thyssen, Inc., a full-service commercial property firm based in Winter Park , recently completed the sale of a 15-year-old, six-suite office building at 4265-4275 Neptune Rd. in St.  Cloud.

A private, Orlando-based investor purchased the 3,920 square foot office property on a 0.53-acre site for $850,000.00.

 

Martin Forster CCIM, Senior Director/Broker Associate at Hold-Thyssen negotiated the transaction representing the building’s owner/seller Foley Properties, LLC.

 Foley, who recently vacated two suites at the property then re-leased them, selected Hold-Thyssen to take the property to market, Forster explained.

15-year-old, six-suite office building
at 4265-4275 Neptune Road,
St. Cloud, FL

He added, “After several weeks of marketing the building it was sold to an Orlando investor who took the opportunity to add a fully leased, easily managed investment property, in great condition, to his portfolio.”  

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current property management portfolio includes more that 100 commercial properties throughout the United States .

 

CONTACTS:           

Martin Forster, CCIM Senior Director/Broker Associate, Hold-Thyssen Real Estate Services, 

407-691-0505, mforster@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

 407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc. 

407-461-3781 beth@larryvershel.com

 

 

Halllmark Names CNL Financial Group's James M. Seneff Jr. for Strickland Lifetime Achievement Award

James M. Seneff Jr.

 ORLANDO, FL -- James M. Seneff Jr. founded CNL Financial Group in 1973 and has guided the company over the past 40 years as its Executive Chairman and Director. 

 Additionally, he is the Chairman of the Board and Director, CNL Strategic Capital, LLC and CNL Healthcare Properties , Inc.  

This award will be presented at the annual Hallmark Awards Luncheon on March 3, 2022, at the Marriott Lake Mary honoring the “Heavy Hitters in Commercial Real Estate” for 2021.

Paul P Partyka

 The Central Florida Commercial Real Estate Association (CFCREA) "would like these awards to serve as an inspiration to the new generation of professionals entering the real estate industry," says Paul P Partyka, CFCREA Hallmark Awards Chairman.

 "They have an opportunity to see the best of the best on stage and to hear their outstanding transactional accomplishments."

 Partyka asks association members to "check your email for announcements with an entry form.  You can also check the website at www.CFCRA.net."

 CONTACT:

Paul P Partyka

CFCRA, Hallmark Awards Chairman

407-341-0805

ppartyka@realvest.com

 www.CFCRA.net.

 

 

Author Patrick Bet-David Pays $8.6 Million for Two Commercial Buildings in Oakland Park, FL and Fort Lauderdale, FL

 

Patrick Bet-David
 

FORT LAUDERDALE, FL – Jaime Sturgis, CEO of Fort Lauderdale- based real estate firm Native Realty, represented entrepreneur and #1 Wall Street Journal bestselling author Patrick Bet-David on his purchase of commercial buildings in Oakland Park and Fort Lauderdale for a combined $8.6 million.

 Bet-David is the founder and CEO of several businesses. His media company, Valuetainment, relocated to South Florida in early 2021.  

Valuetainment is expected to base its new headquarters at the 5100 N. Dixie Hwy. building in Oakland Park. Bet-David closed on the $4.4 million acquisition on Dec. 15. 

 

Prominent interior design firm IDDI (ID & Design International) sold the 12,510-square-foot building to Bet-David. The 1.65-acre property includes a Chase drive-through location with four lanes.  

 

CONTACT:

 

Eric Kalis

Vice President,

 BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

Advenir and Oakley Group Form Joint Venture to Accumulate Portfolio of 8,000 BFR Units Throughout the Southeast and Midwest

 

David Oakley

BIRMINGHAM, AL -- Advenir, a Miami-based vertically integrated investor, developer, and operator of multifamily assets, has joined forces with Oakley Group, a Birmingham-based investor and developer of multifamily properties, to develop, acquire, and operate a portfolio of Single-Family Rental (“SFR”) / Built-for-Rent (“BFR”) properties. 

 

Formed in October of 2020, the joint venture, Advenir Oakley Capital, has the stated purpose of accumulating a portfolio of 8,000 BFR units in markets that demonstrate outsized demand stemming from strong job creation, positive in-migration, low taxation, an expensive housing market and local desirability.

 

Michael Krombach

Significant home foreclosures due to the Great Financial Crisis of 2007/2008 resulted in the emergence of a new sector: single family homes for rent (SFR).

 

 Financial investors found significant success acquiring, renovating, and renting homes that went through foreclosure and learned that there was healthy demand for the asset class.

As a result, developers began to explore the operational efficiencies of building purpose-built communities with homes for rent (BFR) and found great success in both leasing and operations in the Southwest United States. 

 

CONTACTS:

 

David Oakley, founder and CEO of Oakley Group, OG Capital, LLC and principal of Advenir Oakley Capital, LLC 205-913-4632 or david.oakley@og.capital

 

Michael Krombach, COO / General Counsel, OG Capital, LLC, and principal of Advenir Oakley Capital, LLC; 904-233-4608; Michael.Krombach@og.capital

Aimee Morgan and Kai Pan promoted to lead JLL Valuation Advisory’s multi-housing practice

 

Aimee Morgan

 CHICAGO, IL, Jan. 4, 2022 – JLL has promoted Managing Directors Aimee Morgan and Kai Pan to co-lead JLL’s national Valuation Advisory multi-housing practice, which has seen record growth over the past two years, almost tripling in size.

 

They plan on streamlining operations, growing the business and internal and external brand development.

 

Morgan and Pan have worked closely for the past two years to drive significant growth in the practice, with Morgan building and expanding various regions and client accounts and Pan driving technology advancements and capacity across the country.

Kai Pan

With nearly 25 years of combined experience, they have completed and overseen thousands of multi-housing assignments, including conventional multifamily, Freddie Mac and Fannie Mae transactions, affordable and workforce housing, student housing, asset management and tax reporting and conduit lending and bridge loans.

 

“Aimee and Kai’s leadership is going to strengthen the multi-housing sector's overall deliverable and client service platform,” said Tony Lenamon, Americas Head of Valuation Advisory.

“We have seen record demand for our services for multi-housing valuations, which is now best served by appointing two leaders who will grow our capabilities to service clients even more.”

Tony Lenamon

 

Reporting to Lenamon, Morgan and Pan assumed their co-leadership roles on January 1, 2022, as Co-Heads of Multi-housing Property Sector, Valuation Advisory.

 

“Our goal is to be the provider of choice to our clients and the employer of choice to our appraisers,” Morgan said. “We’ll be making big changes and strides over the coming months and years to make our practice world class in every way.”

 

 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

M +1 832 244 9994

JLL.com

Leon McBroom appointed co-head of JLL’s Denver Capital Markets group

 

Leon McBroom 

DENVER, CO, Jan. 4, 2022 – JLL Capital Markets has appointed Leon McBroom Senior Managing Director and co-head of its Denver Capital Markets group.

 

McBroom will oversee the debt and equity advisory platform, while Senior Managing Director Eric Tupler will continue to oversee the office’s investment sales advisory practice.

 

McBroom joined JLL in 2019 through the HFF/JLL merger and has more than a decade of commercial real estate financing experience.

 

Over the course of his career, he has successfully closed more than $7 billion of debt and equity commercial real estate transactions across a wide variety of property types, including office, retail, hospitality, industrial and multi-housing.

 

McBroom is an active board member for the University of Colorado Real Estate Center and has chaired the University’s internship and placement committee.

Eric Tupler

 

He is a graduate of the University of Colorado, holding both a Bachelor of Arts and Master of Business Administration degree.

 

“Leon joined our team in 2012 and has been an incredible team player over the years,” Tupler said. “It’s an honor to now co-lead the Denver office alongside him.

 

"I have no doubt he will bring an elevated level of service to the debt and equity advisory practice as we continue to provide complex financing solutions for our client base.”

 

“The JLL Denver Debt and Equity advisory platform has had a No. 1 market share ever since Eric Tupler opened the office in 2012,” McBroom said.

 

“His leadership and mentorship have been foundations for our success, and I look forward to building off of that alongside my fellow teammates.”

 

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

 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