JLL Capital Markets closes sale-leaseback of Quirch Foods facilities in Miami, FL and Hammond, LA

 

 Max La Cava

 

MIAMI, Sept. 13, 2022 – JLL Capital Markets announced today that it has closed the sale-leaseback of two mission-critical cold storage facilities totaling 262,904 square feet in Miami, Florida and Hammond (New Orleans MSA), Louisiana.

Miami, FL cold storage on  15 acres
at 7600 NW 82^nd place 

JLL represented the seller, Quirch Foods, in the sale to an undisclosed third party. Quirch Foods occupies both facilities. The price was not disclosed.

Brian Shanfeld

The first property, which is located on 15 acres at 7600 NW 82^nd place in Miami, totals 178,428 square feet.

 

 The Miami facility has excellent access to Florida’s Turnpike, US-27, and State Road 826 (the Palmetto Expressway), and is proximate to Miami International Airport and the Port of Miami.

 

Situated on 19.4 acres at 11502 Scariano Lane in Hammond, the second building totals 84,476 square feet.

Jason Dewitt

The facility is located near the intersection of Interstates 12 and 55 and has efficient access to several Gulf Coast ports.

 

The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.

 

“Cold storage industrial remains a heavily in-demand asset class among investors," La Cava.

Luis Castillo

"Moreover, long-term leased product provides investors with attractive yields and surety of cash flow.

 

 "Despite broader market volatility that occurred over the summer, JLL saw a remarkable level of interest from an array of investors that aggressively pursued the opportunity.

 

 “The transaction achieved the dual-mandate of allowing Quirch Foods to unlock significant capital, while maintaining operational control of two mission-critical distribution centers.”

 

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

Steven Okon

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:

 

Cierra Lacasse

JLL Associate, Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com

 

 

Blackton, Inc. Named Preferred Vendor for New Homes by D.R. Horton at its Huntington Ridge Development Coming to Ocala, FL

Michael “Micky” Blackton

 

 Leesburg, FL and Ocala, FL  --- Blackton, Inc., one of Florida’s oldest and largest suppliers of materials to the homebuilding industry, recently earned a contract from D.R. Horton’s West Central Florida division to supply flooring materials for Huntington Ridge. 

 The new community of single-family homes will be starting construction soon in Ocala. 

Michael “Micky” Blackton, chairman, said his firm’s Leesburg facility will service and supply Huntington Ridge with an estimated $600,000 worth of high-end flooring for the construction of 115 planned single-family homes ranging from 1,672 to 3,561 square feet.

Blackton said their third location established in the heart of Leesburg better serves new and longtime clients, who build in Alachua, Lake, Marion, Sumter and Citrus counties, with a better turnaround time.

“Our Leesburg team has been doing phenomenal job,” he said.

 

Blackton has been supplying D.R. Horton with building materials for more than 40 years.  

The family-owned business headquartered north of downtown Orlando, has been supplying the homebuilding industry from Jacksonville to Tampa for six decades.   

 

Construction on models is underway and sales begin this fall at the new community located on S.W. 72^nd Terrace Road and S.W. Highway 484. 

 

 

CONTACTS:

Michael “Micky” Blackton, Chairman, Blackton Inc. 

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications, Inc. 

407-461-3781 Beth@larryvershel.com

New Castle Acquires Historic LaSalle Hotel in Bryan, TX, Near Texas A&M

 David Buffam

 

  RIDGEFIELD, CT, Sept. 16 2022—Julian Buffam and Jeremy Buffam, partners at New Castle Hotels & Resorts (NCH), a leading hotel investment, development and management company, today announced the acquisition of the 55-room, historic LaSalle Hotel in Bryan, Texas. The price was not disclosed.

 NCH was founded in 1980 by David Buffam and is based in Ridgefield, Connecticut.

Julian Buffam

Built in 1928, the hotel is located in the heart of downtown Bryan, recognized by Forbes as the “Best Small Place” for education, business, and careers. 

 Following an extensive interior and exterior renovation of the property, the LaSalle will join the Marriott Tribute Portfolio , a family of independent boutique hotels. 

 

Jeremy Buffam

Municipal incentives from the City of Bryan and historic tax credits will help support projected capital improvements of $110K per key. 

 Bryan is at the epicenter of Texas’ five major metropolitan areas, Dallas, Fort Worth, Houston, Austin, and San Antonio and is the sister city of College Station, home to Texas A&M University, the largest university in the United States.

 “New Castle has a long history of acquiring historic hotels and repositioning them for new generations of travelers,” said Jeremy Buffam. 

 

Bryan, TX Mayor Andrew Nelson

 “The LaSalle fits this model precisely and Marriott’s Tribute flag is the perfect branding affiliation for a cherished small-city treasure. 

 "The building is architecturally significant and has great bones, and when you add in the city’s warm welcome and partnership, we believe it is a winning combination.”

 “This partnership ensures that the LaSalle, a critical historical asset in Downtown Bryan, is preserved and celebrated,” said Bryan Mayor Andrew Nelson.  “It is a testament to how far we’ve come to build the birthplace of Aggieland into a thriving, culturally rich destination for years to come.”

55-room, historic LaSalle Hotel in Bryan, TX

 

“The overall market fundamentals for Bryan/College Station are very strong,” said Julian Buffam.  “Hotel performance is well above 2019 and we are confident that these numbers are not temporary; many similarly situated hotels in the market are having phenomenal years. 

  "In addition, the city has invested heavily in developing Bryan as a recognized cultural arts district which plays very well with a historic boutique hotel of this quality.” 

 The LaSalle, which features a subterranean speakeasy, 5 Knocks and a lobby-level bar/restaurant Downtown Elixir and Spirits, will operate as an independent hotel through fall of 2023.

 CONTACT:

 Lauralee Dobbins

Write Touch Public Relations

Lauralee@WriteTouchPR.com

856-979-8929

 

EDEN Multifamily Adds Tyler Heckaman as Director of Land Acquisition

 

 

Tyler Heckaman

MIAMI, FL – Sept. 16, 2022 – Leading developer EDEN Multifamily, the joint venture formed by Jay Jacobson and Jay Massirman, made a key new hire with the arrival of Tyler Heckaman as Director of Land Acquisition.

 Based in Miami, Heckaman is responsible for sourcing new acquisition opportunities and supporting EDEN’s entitlement, market analysis, underwriting and operations.

 

EDEN focuses on developing and delivering innovative, industry leading multifamily communities that serve a wide range of economic sectors. It is in the midst of a major national expansion.

 Jay S. Jacobson

 “Tyler is a talented and experienced real estate professional who is quite familiar with EDEN’s mission,” EDEN President Jacobson said.

 

 “He will be instrumental in identifying and securing the right sites for us to meet the intense demand for new multifamily product across many high-growth markets.”

Heckaman has deep ties to Massirman’s Rivergate family of companies.

 

The Miami native was previously Senior Vice President – Head of Acquisitions for the former MCSS Development and Investment LLC (now known as Basis Industrial).

 

He started with MCSS as an acquisitions associate in January 2017 before earning a promotion to Vice President of Development two years later. In March 2022, he was promoted again to his most recent role.

 

A Florida State University graduate, Heckaman earned a bachelor’s degree in Economics. He also served as an intern within Rivergate.

Jay Massirman

Heckaman’s arrival comes as EDEN advances its expansion plans. The company just announced the opening of a new regional office in the Charlotte area to serve key Southeast and Mid-Atlantic U.S. markets. EDEN tapped seasoned industry executive Scott Phillips to lead the effort.

 

EDEN’s existing pipeline of 2022 construction starts totals more than $750 million and is expected to exceed $1.2 billion by mid-2023, reflecting scheduled groundbreakings of surface-parked, mid-rise and high-rise communities during that timeframe.

 

In May 2022, EDEN announced a new joint venture with Sterling Equities, a major real estate investment, management and development company tyler@edenmultifamily.com.

 

 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

www.edenmultifamily.com.

 

JLL Capital Markets completes sale of Shady Grove Professional Centers I and II in Rockville, MD

Shady Grove Professional Centers I and II,
 two multi-tenant medical office buildings
 totaling 103,249 square feet
n Rockville, MD

 

 BOSTON, MA – JLL Capital Markets has closed the sale of Shady Grove Professional Centers I and II, two multi-tenant medical office buildings that total 103,249 square feet in Rockville, Maryland adjacent to the Adventist Healthcare Shady Grove Medical Center. The price was not disclosed.

Mindy Berman

JLL marketed the property on behalf of Anchor Health Properties and MedProperties. An affiliate of Heitman LLC (Heitman), a global real estate investment management firm, acquired the asset.

Amanda Davis 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman, Directors Dave Baker and Anthony Sardo, Senior Director Chris Hew and Associate Landon Weaver.

Brannan Knott,

Leasing support is provided by Senior Managing Director Amanda Davis and Senior Vice President JG Cahill.

“This was an ideal time to buy, as the Shady Grove medical office market continues to experience considerable expansion with the hyper growth of the life science submarket and the construction of the new Adventist Healthcare bed tower,” Knott said.

“The Shady Grove Professional Centers garnered significant interest from the healthcare investment community from industry veterans such as Heitman and new entrants due to the rare scale, acuity and campus adjacent location within a sought-after metro.” 

Dave Baker

The buildings are 87%-leased to a variety of tenants and are anchored by Capital Digestive Care, Johns Hopkins and independent physician groups.

Shady Grove Professional Centers I and II are multi-specialty clinical buildings with more than 15 medical specialties and ambulatory surgery centers with 18 operating and procedure rooms.

Aside from surgery centers, the properties include top specialty practices such as gastroenterology, MRI and imaging, pediatrics, primary care, family care and ophthalmology among others.

 Located at 15001 and 15005 Shady Grove Rd., Shady Grove Professional Centers I and II are adjacent to the 329-bed Adventist Healthcare Shady Grove Medical Center, the market leading acute care center in the area.

 Anthony Sardo

The properties benefit from their position within the D.C. Metro, the sixth largest in the U.S. with nearly 6.3 million citizens.

The average household income within a three-mile radius of the buildings is $156,056 and 65.2% of residents in the Shady Grove submarket hold a bachelor’s degree or higher.

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

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.

Chris Hew

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 Anchor Health Properties

Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities.

 Founded on many of the same principles basic to the creation of a successful retail center, their strategic, holistic approach to navigating competitive healthcare markets evolved from their days in retail development.

Landon Weaver

About MedProperties

MedProperties is a national dedicated healthcare investment manager investing in stabilized, near stabilized and value-add healthcare properties as well as ground up developments. 

MedProperties has invested in over 100 healthcare properties encompassing four and half million square feet across 28 states. 

 

About Heitman

Founded in 1966, Heitman LLC is a global real estate investment management firm with more than $53 billion in assets under management. 

JG Cahill

Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. 

Heitman serves a global client base with clients from North American, European, Middle Eastern and Asia-Pacific institutions, pension plans, foundations and corporations and individual investors. 

Headquartered in Chicago, with additional offices in North America, Europe, and Asia-Pacific, Heitman’s approximately 350 employees offer specialized expertise – from a specific discipline to local insight.

 

CONTACT:

Cierra Lacasse

 JLL Associate

Public Relations

Phone: +1 602 648 8701

Email:  Cierra.Lacasse@am.jll.com