The UP Companies Promotes Paul Renaud to Square UP General Manager

 

Paul Renaud 

St. Louis, MO -- The UP Companies (UPCO) proudly announces the promotion of Paul Renaud to include the expansion of his duties to General Manager of all Square UP Builders’ operating divisions.  Renaud was previously the General Manager of Square UP’s Drywall Division which was established in 2018. His scope of responsibility as GM will now also include Square UP’s Framing & Rough Carpentry division as well as Square UP’s Finish Carpentry & Trim division. Brian Arnold As Square UP’s General Manager and member of UPCO’s Leadership Team, Renaud plays a key role in the development of company strategic plans including Vision, Market Positioning, and Goals/Critical Success Factors.  On a day-to-day basis he is focused on the implementation and successful execution of the supporting objectives necessary to accomplish these company plans and market position. “Paul is a General Manager with performance-driven project experience. His wealth of knowledge and experience benefits our Leadership Team, and his entire team of construction professionals.  "He is an extremely positive and high-energy individual who has learned over the years how important it is to recognize excellent performance and to celebrate the small victories in our fast-paced industry,” said UPCO President Brian Arnold.   Renaud has nearly 45 years of management experience, having previously worked as Director of Self Perform at PARIC Corporation and as General Manager at McBride and Son Companies. City of O'Fallon, MO He has also served as Mayor of the City of O'Fallon, MO for 10 years from 1995 to 2005 and previously served on the St. Louis Carpenters Joint Apprenticeship Board and St. Louis YouthBuild Leadership Steering Committee.   CONTACT:

Jennifer Beidle
Jennifer Beidle Communications
St. Louis, MO 63129

Elisabetta and Stella Projects Awarded ‘Developments Of Distinction’ By Novogradac

 

 Rebecca Arthur

DENVER, CO, Sept. 15, 2022 — Gorman & Company has won the Novogradac 2022 "Developments of Distinction" award for Excellence in Affordable Housing for The Elisabetta and Stella projects in Denver, Colorado.

“This year’s winners show what happens when passionate people work together to make a difference,” said Rebecca Arthur, Novogradac partner and chair of the conference.

“The Stella and Elisabetta are shining examples of Gorman & Company’s growing portfolio of permanent supportive housing communities across the US that serve special needs populations.

"Our partnership with Lardon Hall is the key to what will make these developments successful over the long term.

Kimball Crangle

"We are incredibly grateful to Laradon Hall, as well as the City of Denver and the State of Colorado, for coming together to make this public/private/non-profit partnership happen,” said Kimball Crangle, Gorman & Company Colorado Market President.

The Elisabetta, a new construction, mixed-use development, includes 91 units of affordable housing in the Globeville Neighborhood in North Denver.

 The Elisabetta

The new community serves residents and households earning 30%, 50%, and 60% of the Area Median Income (AMI).

Twenty-five percent (25%) of the units in the development are set aside for residents with intellectual and developmental disabilities. The first floor includes 12,500 square feet of space for the Laradon Adult Day Program.

The Stella interior

The Stella is a newly constructed 132-unit mixed-use community next door to Elisabetta and includes 6,000 square feet of space for Laradon Career Center.

The designs of Elisabetta and Stella were influenced by the concept of Trauma-Informed Design (TID) that promotes safety and well-being in the design processes, spaces, and programs. 

CONTACT:

Ben Sefarbi
608.442.6336
ben@thecreativecompany.com

 

JLL’s Hotels & Hospitality Group closes the sale of The Waterford Inn & Spindler’s Restaurant on Cape Cod in Provincetown, MA.

The Waterford Inn,  a 15-room property
 in Provincetown, MA

 BOSTON, MA – JLL’s Hotels & Hospitality Group announced today that it has closed the sale of

The Waterford Inn & Spindler’s Restaurant, a 15-room inn and a 145-seat restaurant in Provincetown, Massachusetts.The price was not disclosed.

 

Jessica Rosenberg

JLL marketed the property on behalf of the seller, THG Properties, LLC, in the sale to Sawyer Realty Holdings, LLC. 

Sawyer Realty and its affiliate hotel management company, Meads Bay Hotel Group, own and manage 7 hotels throughout Massachusetts.

Meads Bay was founded in 2021 by Jessica Rosenberg as a vehicle to manage the companies’ boutique hotel portfolio.

Spindler’s Restaurant, a 145-seat facility
 in Provincetown, MA

The Waterford Inn and Spindler’s is Meads Bay’s third acquisition in Provincetown this year and is a natural addition for the company.

Set in an 1850’s Sea Captain’s mansion and renovated from 2016-2018, The Waterford Inn provides harbor views. Inn amenities include complimentary breakfast, WiFi, room service, and sparkling/still water filtration.

Alan Suzuki 

The property includes 15 guest rooms including a two-bed inn keeper unit, a restaurant, small café, a 454-square-foot cottage and lush gardens and patio lounge seating.

Opened in 2016, Spindler's Restaurant offered an inspired menu of classic, French-style cuisine with Italian soul and the freshest of Cape Cod and New England ingredients.

 By popular demand Spindler’s transitioned to serve Sabores de Mexico, a modern authentic Mexican cuisine full of flavor using the freshest of ingredients

Provincetown is one of the most desirable leisure destinations in New England, only 116 miles from Boston, 122 miles from Providence and 293 miles from New York City.

The city is accessible by a variety of transportation options, including Interstates 495 and 195, Route’s 3 and 6, ferry boats departing from MacMillan Pier, Provincetown Municipal Airport and Peter Pan Bus Company.

 

Matthew Enright

The JLL Hotels & Hospitality team working on behalf of the seller was led by Managing Director Alan Suzuki and Director Matthew Enright.

 JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totaling $83 billion worldwide. The group’s 350-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. 

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

  

CONTACT:

 Cierra Lacasse

 JLL Associate

 Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

JLL Capital Markets secures $25 million financing for the 160-unit Stonegate Riverside apartments in Riverside, CA

 

Stonegate Riverside apartments, 
a 160-unit, 1987 vintage, value-add,
 garden-style multi-housing
community in Riverside, CA

SAN FRANCISCO, CA – JLL Capital has arranged the $24.64 million acquisition financing for Stonegate Riverside, a 160-unit, 1987 vintage, value-add, garden-style multi-housing community in Riverside, California.

 JLL represented the borrower, Universe Holdings, to secure the ten-year, fixed-rate loans through Freddie Mac Multifamily. The loans will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

Jolie Zhou

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Charles Halladay, Director Jonah Aelyon and Analyst Jolie Zhou.

Stonegate Riverside features studio, one- and two-bedroom units with spacious kitchens, stainless steel appliances, vinyl plank flooring, over-sized patios or balconies, walk-in closets and an average size of 801 square feet.

Communities include a spa, pool, playground, business center, picnic area, fitness center and dog park.

 

Charles Halladay

Situated at 6506 Doolittle Ave., Stonegate Apartments allows residents access to over 1.9 million jobs in the Inland Empire and benefit from proximity to five major freeways (60, 91, 10, 15, 215) that put millions of jobs in Orange County and Los Angeles County within manageable commute times.

 “With its strong population growth, growing job opportunities and affordable cost of living, the Inland Empire checks all the boxes when it comes to demand drivers we look for in a new market,” said Universe Founder and CEO Henry Manoucheri.

Jonah Aelyon 

“The market’s relative affordability is one of several key factors that we value in this market.”

 JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

 Henry Manoucheri

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

CONTACT:

Jenna Sharp

 JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

Edyth Bush Charitable Foundation Celebrates Completion of New Flagship Office Building in Winter Park, FL – Hold Thyssen Named Exclusive Management Representative

 

Rendering of planned Edyth Bush Charitable Foundation, 199 S. Knowles Avenue at the corner of Welbourne Avenue in downtown Winter Park, FL

WINTER PARK, FL – Hold-Thyssen, Inc. a full service commercial real estate firm, has been named the management representative for the Edyth Bush Charitable Foundation’s newly completed flagship office building.

The new headquarters is officially opening September 15 at 199 S. Knowles Ave. at the corner of Welbourne Avenue in downtown Winter Park.

Robert P. Hold

Known formally as “The Edyth,” the 14,500 square foot, one-of-a-kind, Class A+ office building was designed by the renowned architectural firm of SchenkelSchultz.

 The Edyth will house the Foundation’s headquarters in the 6,000 square foot top floor, with the Alfred I. duPont Trust occupying the second-floor tenant suite.

Vik Mahadeo

The first floor also boasts a spacious and versatile meeting center for use by the Foundation and invitees for special events and meetings. Orlando-based Jack Jennings & Sons was the general contractor on the project.

Robert P. Hold, Principal at Hold-Thyssen said Associate Vik Mahadeo is leading his firm’s management team for the Foundation’s building, covering all responsibilities from facilities management, coordinating systems maintenance, vendor relations and scheduling routine maintenance and repairs.


 
CONTACTS:

Anthony Fisher, Vice President, Hold Thyssen Inc., 

407-691-0505, afisher@holdthyssen.com

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

407-691-0505, bhold@holdthyssen.com

 

JLL Capital Markets handles $19.5 million sale of the 76,356-square-foot Grove Market at West Lake in Westlake, FL within Palm Beach County

Grove Market at Westlake

MIAMI, FL, Sept. 12, 2022 – JLL Capital Markets announced today that it has closed the $19.5 million sale of Grove Market at Westlake, a 76,356-square-foot, grocery-anchored property located in Westlake, Florida within Palm Beach County.

 JLL represented the seller and procured the buyer, Premier Developers.

 

Kim Flores

Built in 1999 and renovated in 2021, the center is 94.7% leased to a diverse mix of food and beverage, medical and service uses and is led by a recently added Winn-Dixie in their new prototype. 

Additional tenants include Napa Auto Parts, Gator Shack, Exit Realty, Il Pomodoro, Great Wall, Lox Nails and more.

Danny Finkle

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “Grocery-anchored centers in South Florida remain in high demand from investors,” said Finkle.  “The outstanding residential growth occurring in the Westlake area along with the high barriers to entry in the immediate area ensure Grove Market’s long-term success.”

 Eric Williams

Located at 5060 Seminole Pratt Whitney Rd., the property has high visibility location within Westlake, Palm Beach’s newest upscale master-planned development, and upon buildout, the community will include 4500 new homes, an entertainment-sports complex, two million square feet of commercial space and a 35-acre Wellington Regional Medical Complex. 

Additionally, the center has access to an affluent customer base with an average household income of $97,309 within three miles.

  CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets brokers $33 million sale of the 52,152-square-foot Mainstreet at Boynton retail center in Boynton Beach, FL

Kim Flores

 

 MIAMI, FL, Sept. 13, 2022 – JLL Capital Markets has closed the $33 million sale of Mainstreet at Boynton, a 52,152-square-foot, grocery-anchored retail center located in Boynton Beach, Florida.

 JLL represented the seller, a joint venture between PEBB Enterprises and Banyan Development, and procured the buyer, Carlyle Management Corp.

Danny Finkle

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Director Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “The PEBB Enterprises and Banyan Development teams delivered another high-quality, first-class grocery-anchored development in Mainstreet at Boynton that was extremely well received by the investment community and will be an excellent addition to the buyer’s portfolio,” Williams said.

 Mainstreet at Boynton, 
6405 West Boynton Beach Boulevard,
 Boynton Beach, FL

“We continue to experience outstanding demand for grocery-anchored centers throughout Florida, with an influx of new investors on nearly every transaction we have had the fortune to be a part of this year.”

Constructed in 2021/2022, Mainstreet at Boynton is currently 100% leased to a strong tenant roster that is 90.5% comprised of national tenants.

 CONTACT:

Jenna Sharp,

 JLL Associate

Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

JLL Capital Markets arranges $15 million sale of the 77,871-sqaure-foot Muncie Marketplace in Muncie, IN

 

 Amy Sands

 

CHICAGO, Sept. 13, 2022 – JLL Capital Markets has closed the $14.6 million sale of Muncie Marketplace, a 77,871-square-foot retail center located near Indianapolis in Muncie, Indiana.

 JLL represented the seller, AlbaneseCormier Holdings, LLC. War Chest Real Estate, LLC acquired the asset.

Clinton Mitchell

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Vice President Tim Murray.

Built in 2014, the 100-percent-occupied center is leased to seven different national tenants, including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop.

 

 Michael Nieder

Situated at 600-636 E McGalliard Rd., the property is strategically located adjacent to a high performing Target and the 636,000 square feet Muncie Mall along the McGalliard Road Retail Corridor, which serves as the primary retail nucleus for the Northeast Indianapolis consumer base. 

Tim Murray

Furthermore, many of the national retailers located along McGalliard Road do not have nearby locations, creating ideal anchor spacing that amplifies the trade area.

 Muncie Marketplace is just three miles from Ball State University, which has a total enrollment of approximately 22,500 students and 1,250 staff members.

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

                 Muncie Marketplace, Muncie,IN

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