JLL closes sale of Arlington multi-housing community adjacent to Amazon HQ2

 

1221 and 1331 S. Eads Street, Arlington, VA

WASHINGTON, DC – JLL Capital Markets has closed the sale of 1221 and 1331 S. Eads St., a 534-unit, value-add multi-housing community in Arlington, Virginia.

Robert Jenkins

 JLL marketed the property on behalf of the seller, a partnership between Polinger Development Co. and State Street Global Advisors, and secured acquisition financing on behalf of the new owner.

With only 10 percent of the units renovated, the property provides a premier value-add opportunity.

The community amenities include fully revitalized lobbies and plazas in addition to an upgraded office leasing space, fitness center, coworking area and dog run.

Bret Thompson 

 The property is situated across the street from Metropolitan Park and Pen Place, the future homes to Amazon HQ2 and over 5 million square feet of Amazon office space and retail. 

The property is also a 10-minute drive from Virginia Tech’s Innovation Campus, a $1 billion development expected to graduate 10,000 students with master’s degrees in computer science over the next 20 years.

Additionally, infrastructure spending in National Landing totaling $5 billion will contribute to local conveniences such as an additional Crystal City Metro entrance, advancements to Route 1 and the creation of an airport pedestrian bridge to Reagan National Airport. 

Matthew Lawton

 The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Directors Robert Jenkins and Bret Thompson and Executive Managing Director Matthew Lawton.

The JLL Capital Markets Debt Placement team representing the borrower was led by Managing Director Kris Lowe, Senior Managing Director Jamie Leachman and Director Amit Kakar.

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

Kris Lowe

 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.

 

Contact:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

 

JLL Capital Markets closes sale of six-story, 110,452-SF 1717 St. James Place building in Houston’s most dynamic Galleria submarket

 

Rendering of 1717 St. James Place, Houston, TX

 

 HOUSTON, TX – JLL Capital Markets has closed the sale at an undisclosed price of 1717 St. James Place, a boutique office building totaling 110,452 square feet in Houston, Texas.

 JLL represented the seller, Accesso Partners, LLC, and procured the buyer, Silver Creek Realty Advisors.

 1717 St. James Place is positioned on 2.34 acres within St. James Place, a deed-restricted business park on the south side of San Felipe in Houston’s Galleria submarket.

Martin (Marty) Hogan 

The property is adjacent to the affluent Tanglewood neighborhood and in close proximity to numerous tenant amenities.

 The six-story asset offers a park-like atmosphere with on-site security and management as well as a conference room, access to a newly renovated cafeteria in the adjacent property and on-site structured parking for more than 120 vehicles.

Kevin McConn

1717 St. James Place is currently 70.5% leased to a diversified tenant roster spanning the real estate, financial services, legal, technology, energy and medical industries.

 The JLL Capital Markets team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.

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

 

Contact:

Kristen Murphy

Director, Public Relations, Americas

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

 

Ware Malcomb Opens New Office in Nashville, TN

 

Jason Dooley

 NASHVILLE, TN (May 24, 2022) – Ware Malcomb, an award-winning international design firm, today announced the opening of its newest office in Nashville, Tennessee – the firm’s 26th office across the Americas.

The new space, located at 3401 Mallory Lane in Franklin, Tennessee, will support Ware Malcomb’s growing client and project base across the region.

Gregory Spon, previously Director, Architecture for Ware Malcomb’s Irvine office, relocated and will lead the Nashville office as Regional Director.

 He will oversee the growth and management of the company’s operations in the Nashville region. Spon joins the Southeast leadership team led by Principal, Jason Dooley, AIA. 

Gregory Spon

“We have proudly worked with clients in Tennessee for over eight years,” said Spon, Regional Director for Ware Malcomb. “Nashville is an extremely dynamic market, known for its innovative technology and entrepreneurism.

"Middle Tennessee, in general, has become an attractive corporate headquarters for many companies. We’re excited to support the area’s growing enterprises with our integrated design services.”

Ware Malcomb has completed over 100 projects in the area, including retail, office and industrial projects. The new Nashville office builds upon Ware Malcomb’s rapidly growing Southeast region with offices in Atlanta and Miami. 

“With this expansion, we are rising to meet the growing market demand in the Southeastern United States,” said Dooley, Principal for Ware Malcomb. “It’s an exciting time, and we’re pleased to become an official member of the Nashville community.” 

 Contacts:

Rachel Devany

VP Public Relations, KCOMM for Ware Malcomb

rachel@kcomm.com

Maria Rodgers, PR & Communications Manager, 949.660.9128, mrodgers@waremalcomb.com

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

Atlanta Hospitality Alliance (AHA) Names Kim Bardoul President

 

Kim Bardoul 

 

 ATLANTA, GA. May 24, 2022—The Atlanta Hospitality Alliance (AHA), the premier peer-to-peer learning and networking organization for current and future hospitality investment leaders in Atlanta, - announced its 2022 Board of Directors, including naming Kim Bardoul as president. 

  The organization also announced a restructuring of its membership platform.

Jatin Desai

 “Kim’s hospitality bona fides are impeccable, and her Atlanta roots run deep, making her the ideal candidate to lead the AHA for the coming year,” said Jatin Desai, managing principal/CFO, Peachtree Hotel Group, and immediate past chair, AHA. 

  “In addition to her work with us, she is an advisory board member for Atlanta’s Hunter Hotel Investment Conference and partner at the locally based Highland Group Investment Advisors. 

 "Her annual ‘Boutique Hotel Report’ is considered unparalleled within the industry, and we could not be happier to have her lead the way through 2022 and beyond.”

Michael Yousif

            With two decades of hospitality industry experience, Bardoul also is member of the International Society of Hospitality Consultants. 

 Her experience includes feasibility study and market analysis, due diligence for acquisition, brand conversion, impact study and portfolio investment analysis.

 In addition, Kim specializes in boutique hotel investment which includes franchised and independent ventures, from small downtowns to tourist markets across North America. 

  Bardoul is a sought-after speaker and regularly publishes articles in a variety of industry publications.

           AHA also named the following Board Members:

 Michael Yousif, vice president, acquisitions and business development, Davidson Hospitality

 Emily Feeney, director, capital markets & investments, Noble Investment Group

Catherine Morgen, partner, Morris, Manning and Martin

 

 Emily Feeney

The AHA also announced that it is replacing its existing membership model with an event-registration model designed to simplify registrations and event management moving forward. 

Catherine Morgen

The change will give guests the opportunity to directly register for individual events which will create flexibility in engagement and improve event-day logistics for a simplified experience.

 

Contact:

Chris Daly

 (703) 435-6293

 chris@dalygray.com

 

EverWest Continues Seattle Multifamily Push with $54.5 Million Muir Apartments Acquisition

Muir Apartments,1601 South Lane Street, Seattle, WA

 SEATTLE, WA – Denver-based 

Tom Stover

EverWest Real Estate Investors (“EverWest”) is quickly expanding its Seattle multifamily investment footprint with the $54.5 million purchase of Muir Apartments, located in the heart of Seattle’s Central District.

The apartment acquisition follows quick on the heels of EverWest’s April purchase of Junction Landing and Junction Flats apartments in West Seattle.

This new activity represents almost $113 million in Seattle-area multifamily investment in just 30 days by EverWest, who is already an active office and industrial developer across the Pacific Northwest.

Dylan Simon

“Seattle’s population, job growth and quality of life are driving multifamily demand,” said EverWest Managing Director of Acquisitions Tom Stover, who directed the Muir Apartments acquisition on behalf of EverWest.

“The Muir Apartments asset was an opportunity for EverWest to continue to gain exposure in a high-quality, high barrier to entry urban market at an attractive basis.”

 Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon Anderson team of Kidder Mathews represented the Muir Apartments building seller and developer, Daly Partners.

Winslow Lee

Built in 2019, Muir Apartments is a modern, Class A urban mid-rise community totaling 130 units and including 12,266 square feet of ground-floor retail anchored by a boutique grocer.

The seven-story building offers studio, one- and two-bedroom units with an average unit size of 609 square feet.

Residents at the property enjoy a high-end amenity package, including a rooftop deck with views of the Seattle skyline and Mount Rainier.

Jerrid Anderson 

Muir Apartments is located at 1601 S. Lane St., minutes from downtown Seattle and surrounded by a diverse and walkable mix of restaurants, retail and cultural attractions. 

The property is directly accessible to transit and proximate to both I-5 and I-90.

EverWest, a leading real estate investment management firm, currently owns more than 950,000 square feet of office, industrial and multifamily space in the Pacific Northwest.

EverWest continues to seek investment opportunities in the region across all property sectors.

 

Contacts:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

www.everwest.com

 

Seyfarth Expands Real Estate Team with New Seattle Partners Courtney Seim and Ian Sutton

 

Courtney L. Seim 

SEATTLE, WA, May 23, 2022 -- Seyfarth announced today the arrivals of partners Courtney L. Seim and Ian T. Sutton to its Real Estate department in Seattle.

 Seim and Sutton were most recently Real Estate and Environmental partners at Seattle’s Summit Law Group.

 

 Ian T. Sutton

Seim’s real estate practice focuses on eminent domain, easement issues, and title disputes, and she has worked on a number of power generation and transmission projects serving the Puget Sound region.

 Seim earned a J.D. from the University of California (UC) Davis School of Law where she was the managing editor of the UC Davis Law Review. She received a B.A. from the University of Washington.

 Sutton’s commercial real estate practice focuses on both commercial real estate transactions and development. He advises clients on complex negotiations and documentation for all types of sales, acquisitions, and leasing.

 Paul Mattingly

 He earned a J.D., magna cum laude, from the Seattle University School of Law where he was a notes and comments editor for the Seattle University Law Review. He received a B.A. from Denison University.

 “Courtney and Ian are tremendously skilled lawyers with substantial experience in all of the environmental facets of property development,” said Paul Mattingly, chair of Seyfarth’s Real Estate department.

Denice Tokunaga

 “As we continue to see more development projects across the country, their practices will flourish on Seyfarth’s premier platform.

 “Like the greater Seattle business community, we know Courtney and Ian as wonderful people and respected professionals.

Tom Wybenga

"Their additions add important depth to our national real estate team and we’re thrilled to welcome them as the newest members of our growing office,” the co-managing partners of Seyfarth’s Seattle office, Denice Tokunaga and Tom Wybenga, said in a joint statement.

 Seim and Sutton are the latest partners to join Seyfarth’s global platform. Earlier this year, the firm added Kamran Mirrafati, Paul Haswell, Meghan Douris, Ashley Sherwood, Jamie Rich, Jacob Cherry, Seth Liebenstein, Christy Kiely, Sofia Bargellini, Michael Jordan, and Arnold Brown.

 

About Seyfarth

With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide.

 

 

Contacts:

Martin Grego, Director of Public Relations

 (312) 460-6659, mgrego@seyfarth.com

 

John Garger

917-572-4820 jgarger@rippmedia.com

Ivan Alexander ivan.k.alexander@gmail.com

 

Drapac Capital Partners Announces Adam K. Mitchell as Director of Real Estate

Adam K. Mitchell

 

ATLANTA, GA, May 23, 2022  — Drapac Capital Partners, an Atlanta-based investment group, today announced the appointment of Adam K. Mitchell to Director of Real Estate, as the firm continues to execute its property investment and divestment strategy. 

In his role at Drapac, Mitchell will oversee the investment, development and disposal strategy for Drapac’s real estate portfolio, which spans more than 12,000 acres across multiple markets.

Most recently serving as Director of Portfolio Management at St. Bourke, a subsidiary of Drapac specializng in community placemaking and development, Mitchell comes to Drapac with more than seven years of both transactional and asset management experience. 

“Adam has a unique understanding of our goals and vision for Drapac, which was fostered through our long-held partnership with St. Bourke," said Sebastian Drapac, Chief Operating Officer at Drapac.

Sebastian Drapac

"He intimately understands our investment model and how to support our objectives from a portfolio management perspective.

“As we strategically grow our real estate team, Adam’s strong project management expertise, industry relationships and understanding of real estate value investments will enrich the work we are carrying out across our portfolio.”

CONTACT:

The Wilbert Group

Aliya Seymour, Account Executive

www.thewilbertgroup.com

m: 678.477.3630

drapaccapital.com.