JLL Capital Markets closes sale of sudent housing,The Enclave in Town and The Enclave on Old Central at Clemson University, in Clemson, SC

 

Teddy Leatherman

 DALLAS, TX, Sept. 13, 2022 -- JLL Capital Markets has closed the sale of the two-property, 382-bed / 146-unit, value-add student housing portfolio at Clemson University in South Carolina, consisting of The Enclave in Town and The Enclave on Old Central.

Financial details were not disclosed.

 JLL worked on behalf of the seller, Centerlane Capital, LLC and Burkely Communities, LLC. Pierce Education Properties acquired the asset.

Scott Clifton 

The JLL Capital Markets Investment Advisory team representing the borrower was led by Senior Directors Teddy Leatherman, Scott Clifton and Stewart Hayes.

Built in 1998, The Enclave in Town and The Enclave on Old Central offer two- and three-bedroom units with stainless steel or white appliances, full-size washers and dryers and plank vinyl flooring.

Stewart Hayes

Community amenities include a swimming pool, a 24-hour fitness center and an on-site dog park.

 Situated at 423 Lindsay Rd. and 1146 Old Central Rd., the properties are conveniently located on the CAT Bus line.

 The communities are just a short drive from campus and approximately 0.8 miles from Highway 123, which runs east to west and gives students access to “Restaurant Row.”

The Enclave in Town

Additionally, Downtown Clemson is about 1.4 miles from the portfolio and is home to several of the college’s popular restaurants and nightlife.

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

The Enclave on Old Central

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales 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.

 CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Ware Malcomb announces construction completed on Bellevue Brewery in Bellevue, WA

 

Cindy Kang

 SEATTLE, WA, Sept. 13, 2022 – Ware Malcomb, an award-winning international design firm, today announced that construction is complete on Bellevue Brewery, located at 12190 NE District Way Bellevue, Washington 98005, in Bellevue’s Spring District.

Ware Malcomb provided interior architecture and design services for the project.

“Bellevue Brewery holds a prestigious and historic position as Bellevue’s first craft brewery. We worked closely with their team to renovate the interior design and match the brewery’s reputation,” said Cindy Kang, Director, Interior Architecture & Design for Ware Malcomb. “It’s a destination location that visitors can thoroughly enjoy.”

The 7,353 square foot new interior renovation includes a brewery, restaurant and commercial kitchen.

 

For decades since its inception, the craft beer scene bypassed Bellevue. It wasn’t until the Bellevue Brewing Company served its first batch of beer, on December 12, 2012, that Bellevue had its first locally owned craft brewery.

 

SmartCap Construction was the general contractor for the project. 

 

For more information, please visit http://www.waremalcomb.com/news and view Ware Malcomb’s Brand Video at youtube.com/waremalcomb.

 

 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 

 

Ware Malcomb Seattle

 

3015 112th Ave NE #205

Bellevue, WA 98004

P: 425.670.6706

Levin Johnston completes $11.5 million sale for multifamily portfolio in San Mateo, CA

Apartment community at 1504 S Claremont,
 which features eight-units and is
 located in San Mateo, CA

 

San Mateo, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S., specializing in wealth management through commercial real estate investments, has successfully completed the following transactions:

 An 8-unit multifamily community in San Mateo for $2.8 million, a 10-unit multifamily community in Burlingame for $5.6 million, and a second Burlingame community with 5-units for $3.1 million.

Levin Johnston represented both the buyer and the seller in the transactions. 

Robert Johnston

According to Levin Johnston’s Senior Managing Director, Robert Johnston, the three communities are situated in thriving San Mateo County, strategically located equidistant between San Francisco and San Jose, offering proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

“San Mateo’s impressive market fundamentals are largely driven by the region’s strong employers, which are continuously rebounding from the effects of the pandemic and exhibiting impressive signs of job growth recovery,” explains Johnston.

 “In fact, the low unemployment rate in San Mateo County of 2.2% demonstrates the abundance of job opportunities and stable growth of the labor force, making San Mateo County’s local economy one that continues to attract renters and investors to the area.”

Adam Levin

According to Levin Johnston’s Executive Managing Director Adam Levin, the sale and quality of this portfolio speaks to the firm’s increased deal volume of recent months.

 “The Levin Johnston team successfully closed 60 transactions valued at $466 million by end of Q2,” says Levin.

“Our transaction volume during the first half of this year consisted of transactions across a variety of asset types and submarkets, demonstrating our expertise in successfully closing deals that meet the diverse needs of investors, as well as our ability to be nimble and adaptable during unprecedented times, allowing us to consistently bring deals to the finish line.”

Properties in the portfolio include:

1504 S Claremont Avenue, San Mateo

1101 Laguna Avenue, Burlingame

 CONTACTS:

Anthea Davis / Tess Hezlep

The Smart Agency, Inc.

(949) 438-6262

andavis@thesmartagency.com

www.levinjohnston.com. 

 

Hold-Thyssen Negotiates Multi Year Office Lease for Pinellas County Foundation in Clearwater, FL

 

 Carol L. Kinnard

 

 CLEARWATER, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC., a commercial real estate services firm in Clearwater, recently completed a multi-year lease agreement for Suite 150 at Bayside Center I, 17755 US Highway 19 North in Clearwater.

  Kinnard said Pinellas CF Company LLC d/b/a Pinellas Community Foundation is a long-time client and a long-term tenant at the location, which she initially located for the organization several years ago.   

Duggan Cooley

 PCF’s Duggan Cooley, CEO contacted Hold-Thyssen to get Kinnard’s advice and updated market information that enabled him to make the right decision to stay at PCF’s 2,586 square foot suite in Bayside Center. 

 The landlord of the Class A office building is BVIP Bayside Center, LLC, represented by Cushman & Wakefield.   

Bayside Center I, 17755 US Highway 19 North
 in Clearwater, FL

 For over 50 years, PCF has offered support, resources and information to address the needs of the people and nonprofit organizations of Pinellas County.  They help donors who want to support community issues and provide development of charitable giving plan.

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

 CONTACTS:

 Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, LLC, 

813-880-7100 ext303 rfisher@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc 

407-461-3781 beth@larryvershel.com 

 

KAI Design Hires William Ritter, AIA, as Senior Project Architect

 

William Ritter

 

 St. Louis, MO -- KAI Design is excited to announce the hiring of William Ritter, AIA, as Senior Project Architect at its St. Louis headquarters.

Ritter has nearly 40 years of design expertise.

“KAI is elated to have William (Bill) Ritter join our Design team in St. Louis," said KAI Managing Partner Brad Simmons, FAIA.

 

 "Bill is a seasoned architect that truly has done it all over his extensive career. His wide range of project types, national and international practice experience coupled with his ability to get into the details while keeping his eye on the horizon for the design endgame is invaluable.” said Simmons.

 

Brad Simmons

 “Bill is a proven technical expert who truly knows how to put a building together the right way – while mentoring young practitioners.”

 

 Ritter has a Bachelor of Architecture from the University of Illinois at Chicago and is a member of the American Institute of Architects, Missouri Council of Architects, U.S. Green Building Council - Missouri Gateway Chapter, and Project Management Institute.

CONTACT:

Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

 

Cuningham Appoints Nathan Harris as Chief Financial Officer

 

 Nathan Harris 

Phoenix, AZ – Cuningham, a national design firm, is pleased to announce the appointment of Nathan Harris as the firm’sChief Financial Officer (CFO).

 Harris will oversee the planning and direction of Cuningham’s fiscal functions and performance as well as provide strategic leadership around the firm’s financial affairs.

 

Jacqueline Dompe

“We are thrilled to have Nathan join the Cuningham team,” says Cuningham CEO Jacqueline Dompe, who came on board this summer.

 “He has a proven track record of delivering results and providing value. His financial expertise and leadership qualities align with our values and he’ll be an invaluable addition to the team.”

  A seasoned financial professional within the architecture/engineering/construction industry, Harris joins Cuningham from HDR where, since 2015, he served as Vice President & Regional Accounting Director for the company’s Southwest Region.

CONTACT:

 Katie Haga

The Smart Agency, Inc.

949.438.6262

khaga@thesmartagency.com

 

Twenty Four Seven Hotels Appoints Dennis Eichen Vice-President of Finance and Accounting

 

Dennis Eichen 

 

 NEWPORT BEACH, CA —Twenty Four Seven Hotels, a third-party hospitality management company for premium-branded, select-service and lifestyle hotel segments in the western U.S., announced Dennis Eichen has been appointed vice-president of finance and accounting. 

In his new position, Eichen will oversee the company’s financial and accounting teams, financial systems and banking relationships/financing opportunities while providing asset management expertise and strategic direction with the executive team to ensure short- and long-term profitability. 

David Wani,

“Dennis’ vast experience and background position him as a leader who can make an immediate impact on the financial performance of our hotel portfolio,” said David Wani, CEO, Twenty Four Seven Hotels. 

 “His aggressive approach to utilizing industry leading systems, software and tools for more efficient and effective processing of information will elevate our hotel’s performance."

Twenty Four Seven Hotels relies on comprehensive solutions to continue to drive the digital transformation of its hotel’s financial management in an effort to provide advanced insights, implement at scale and maximize profitability.

Drew Hardy

 A Hospitality Finance Technology Professional (HFTP) member, Eichen received his Bachelor of Science in accounting from California Polytechnic University of Pomona.

“Dennis’ combination of corporate- and property level hospitality finance experience provide the ideal background for this position,” said Drew Hardy, president, Twenty Four Seven Hotels. 

“As we continue to expand our portfolio, it becomes increasingly important to build an executive team to facilitate that growth. 

"Dennis’ hands-on approach to developing a cooperative, interactive environment will increase retention while also creating opportunities for growth and development within the finance team.” 

CONTACT:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.247hotels.com.

 

JLL Capital Markets arranges $20 million acquisition financing for a 500-space parking garage located at 14-40 Beach Street. in Boston, MA

Amy Lousararian

 

 BOSTON, MA – JLL Capital Markets has arranged the $19.6 million acquisition financing of 14-40 Beach St., a 500-space, 149,000-square-foot parking garage in Boston, Massachusetts.

 JLL worked on behalf of the borrower, Neighborhood Property Group, to secure the five-year, fixed-rate loan through HarborOne Bank.

 Located along Beach Street, the garage is positioned between Harrison Ave. and Washington St. in Boston’s Chinatown neighborhood and nestled between the Financial and Theater Districts.

Greg LaBine 

The location is only a few blocks north of the I-93 interchange with I-90 providing excellent vehicular connectivity to the North and South Shore, Logan Airport and Boston’s affluent western suburbs.

Additionally, the property includes 4,338 square feet of 100-percent-leased, ground-floor retail space.

 The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Greg LaBine and Director Amy Lousararian.

14-40 Beach St., a 500-space,
149,000-square-foot parking
garage in Boston, MA

 “While today it is a core cash-flowing garage, it will be exciting to see how the NPG team adapts the asset for additional revenue opportunities and the future of mobility,” said LaBine. 

“Harbor One was supportive of the business plan and executed the financing flawlessly. We hope this is the first of many garage opportunities for NPG in the Boston market.”

 

Michael Jackowitz

“Neighborhood Property Group’s acquisition of 14-40 Beach in Boston embodies the company’s focus and business plan – to acquire and reposition well-located, urban infrastructure assets in major U.S. markets to capitalize on the growing demand for mobility solutions,” said Michael Jackowitz, NPG’s Chief Operating Officer. 

“We value the assistance and professionalism of JLL and HarborOne Bank in fostering’s NPG’s expansion into the Boston market.”

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

 

CONTACT:

Jenna Sharp

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

www.nbrhdpropertygroup.com.

 

 

Brett Thompson joins JLL Phoenix Office as Senior Vice President

 

Brett Thompson

 

PHOENIX, AZ – The Phoenix office of JLL  announced the addition of Brett Thompson as Senior Vice President.

 

 Thompson brings nearly a decade of experience to the full-service real estate firm. He will focus primarily on landlord representation, expanding JLL’s local market presence in this sector.

 

Thompson was previously a Director for a leading global commercial real estate brokerage firm, where he served local and multi-market accounts in corporate leasing, expansions, relocations, acquisitions and dispositions.

Ryan Timpani

In his new position, Thompson will work primarily with office leasing broker Ryan Timpani, who joined JLL in 2020, focusing on Class A office buildings.

 

“Brett puts the client experience as priority one and understands that tracking the fundamentals of a market – including the needs of its employees and employers – is the best way to create leasing success,” said JLL Senior Managing Director Pat Williams.

Pat Williams

“This is a great time to put those skills to work in Phoenix, as part of our JLL team.  We’re very pleased to welcome him.”

  

Thompson holds a Bachelor’s degree in Management from Arizona State University and is involved with the Urban Land Institute, Young Leaders, Valley Partnership, Phoenix Community Alliance and the Greater Phoenix Economic Council (GPEC).

 

He will be based out of the JLL Phoenix office, which this fall will expand and relocate into 31,000 square feet at The Grove, a $400 million, Class AA mixed-use destination being developed by RED Development on the northwest corner of 44^th Street and Camelback Road, in the heart of the Camelback Corridor.

 

 

CONTACT:

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com