Tuesday, September 20, 2022

Hold-Thyssen Brokers New Multi-Year Lease at Phillips Place in South Orlando, FL


Darby Hold
 

ORLANDO, FL -- Hold-Thyssen, Inc. – a full service commercial real estate services firm headquartered in Winter Park – negotiated a multi-year lease agreement with BriteBox, LLC which is expanding into Central Florida at Phillips Place, 7575 Dr. Phillips Blvdin South Orlando.


Darby Hold, Senior Director for Hold-Thyssen, Inc. who brokered the transaction, says the new tenant in Suite 350 with 1,681 square feet, is a nationwide digital marketing company, which owns and operates websites and develops software for the advertising industry.

.  

Hold also negotiated a multi-year lease agreement with EGR Concepts, Inc. for 1,120 square feet at Phillips Place. The firm provides business services to small and medium-sized companies.


     Phillips Place, 7575 Dr. Phillips Boulevard,

                                    South Orlando, FL

 

Hold-Thyssen, Inc. is the leasing and management representative for the landlord Financial Way Realty, Inc.   The 56,000 square foot Phillips Place office building is currently 95 percent leased.    

 

 

 CONTACTS:

         

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services,

407-691-0505, 

afisher@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 

 

 

The JLL Capital Markets retail team hires Bill Krebsbach as Senior Director, focusing on investment sales transactions in the Minneapolis area

 

 Bill Krebsbach 

MINNEAPOLIS, MN, Sept. 20, 2022 – JLL Capital Markets announced today it has welcomed Senior Director Bill Krebsbach to its retail investment sales advisory team.

 

 Krebsbach is based in the Minneapolis office and directly reports to Senior Managing Directors Colin Ryan and Dave Berglund, co-heads of the Minneapolis office.

 

Krebsbach will focus on single-tenant, net-leased investment sales, as well as growing relationships with development partners.


Colin Ryan
“We are very excited for Bill to join our existing Retail Investment Sales and Advisory team,” said Ryan. “We pride ourselves on recruiting the best in the business.

 

"Not only does Bill have an impressive track record, but he is also a great cultural fit for the JLL Capital Markets team.”

 

Prior to joining JLL, Krebsbach spent four years as an investment sales broker with Mid-America Real Estate Group, where he advised clients in both acquisitions and dispositions of their real estate assets. He completed over $300 million in transactions in this role.


Dave Berglund
Krebsbach earned his bachelor’s degree in finance/marketing from Colorado State University.

 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

 

JLL Capital Markets handles $61 million financing for The Preserve at Spring Creek, a 230-unit senior living community in Garland, TX

 

 Alanna Ellis

 SEATTLE, WA  JLL Capital Markets has arranged $61 million in construction financing for the development of The Preserve at Spring Creek, a 230-unit assisted living, memory care and independent living community in Garland, Texas, a suburb of Dallas.

 

JLL worked on behalf of the joint venture sponsor, JAMP Enterprises LLC and Frontier Management LLC, to secure the 15-year, five-year IO, 75% LTC, floating-rate loan through a regional bank.

 

 The JLL Capital Markets team representing the borrower was led by Director Alanna Ellis. Local support was provided by Managing Director Allison Holland.


Allison Holland


 The community will be the first of its kind delivered in the sub-market comprised of a 120-unit apartment-style complex as well as 110 additional two-bed, two-bath independent living cottages with 25 acres of private dedicated park space.

 

The Preserve at Spring Creek will feature interconnected walking paths that grant access to a selection of on-site community amenities, including a clubhouse, theater/chapel, salon, bistro, arts and craft room, billiards room, fitness centers, a mindful studio, numerous dining venues and multiple gathering spaces.


The Preserve at Spring Creek located
on 35.5 acres at 2055 Arapaho Road
 
Garland, TX


The country-club style facility will be located on 35.5 acres at 2055 Arapaho Road offering direct access to the 23.5-acre Spring Creek Nature Preserve.

 

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

 

Monday, September 19, 2022

Peachtree Group Promotes Brian Waldman to Chief Investment Officer and Appoints Jeremy Stoler to Executive Vice President, Debt Capital Markets

 

Brian Waldman

ATLANTA, GA – Peachtree Group ("Peachtree") bolsters its executive leadership team with the promotion of Brian Waldman to chief investment officer and the appointment of Jeremy Stoler to executive vice president, debt capital markets. 

In these pivotal roles, Waldman will manage Peachtree's multi-billion-dollar investment portfolio and direct investment strategies across its distinct operating, lending and real estate divisions.

Stoler will focus on supporting Peachtree's operating companies and growth into other real estate sectors.

Jeremy Stoler 

"With Brian and Jeremy, we are fortunate to have extremely talented, respected leaders who are highly experienced and energized to drive our growth," said Greg Friedman, Peachtree's CEO and managing principal.

 "These announcements also come at a pivotal time for Peachtree as we further position ourselves to expand into other real estate sectors and businesses."  

Brian Waldman

 Throughout his 20-plus-year career, Waldman has had experience investing and managing a broad range of asset and portfolio types.

Greg Friedman

Waldman joined Peachtree in 2015 and has contributed significantly to Peachtree's growth and investment performance. During his tenure, he has overseen hundreds of transactions with a gross asset value of roughly $6.0 billion. 

Waldman is a graduate of the Cornell School of Hotel Administration, where he completed a dual concentration in real estate and finance.

"Brian has extensive investment and portfolio management experience and an in-depth understanding of the investment process," said Jatin Desai, Peachtree's CFO and managing principal.

"We are delighted to have Brian serve as our new CIO, and we believe his experience, skills and leadership will be of great value to the company and help Peachtree achieve the next stage of significant growth."

Jatin Desai

Jeremy Stoler

Stoler has spent his 25-year career in real estate, handling securitization and fund management and originating more than $30 billion of mortgage debt.

Prior to joining Peachtree, he founded a real estate advisory firm for institutional clients. Before that, Stoler was executive vice president and head of capital markets for a family office. He led and directed acquisitions and financings in this position, completing approximately $1.0 billion across multiple real estate sectors. 

"We are pleased to add an executive of Jeremy's caliber to our team. With a strong track record and extensive experience and relationships, he will enhance our investment management platform as we continue to capitalize and build upon the positive momentum we see in real estate in the years ahead," Friedman said.

Contacts:

 Charles Talbert

Corporate Communications Director

678-823-7683

ctalbert@peachtreehotelgroup.com

  

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 www.peachtreegroup.com.


 

Sunday, September 18, 2022

Hospitality Ventures Management Group (HVMG) Names James J. Haggerty Vice President of Design & Development

 

James J. Haggerty 

ATLANTA, GA—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has named James J. Haggerty vice president of design & development.

 “With nearly two decades of hospitality experience across multiple private and public platforms, Jim is the ideal candidate to lead our renovation, project management and new development activities, especially given his architectural experience," said Robert Cole, president & chief executive officer, HVMG

"Jim’s experience will add to HVMG’s ability to provide a full scope of services to our owners and partners.

 

 Robert S. Cole

“In addition to his experience working with some of the most well-respected hospitality management and franchising entities in the industry, Jim brings a strategic approach to this role and will be to provide innovative solutions that have added tremendous value to the organizations and owners he has worked with in the past.  We look forward to Jim making an even bigger impact here.”

 Prior to joining HVMG, Haggerty most recently served as senior vice president of brand development with Atlantic City, N.J.-based Vivamee Hospitality. 

 Haggerty received his Bachelor of Science in Architecture and his Master of Architecture from The Catholic University of America – School of Architecture & Planning. 

 He also was awarded the Hotel Real Estate Investment and Asset Management Certificate from Cornell University – School of Hotel Administration.

  CONTACT:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

www.hvmg.com 

 

JLL Capital Markets affordable housing production team welcomes Danté Thomas

 Danté Thomas
 

 PHILADELPHIA, PA  JLL Capital Markets announced it has welcomed Managing Director Danté Thomas to its affordable housing production team. 

Thomas is based in the Philadelphia office and reports to Senior Managing Director Angela Kelcher, who is leading the national affordable housing debt production team.

 Thomas joins JLL in a leadership role with the responsibility of optimizing financing solutions from a variety of capital sources, including Fannie Mae and Freddie Mac.

 Prior to joining JLL, Thomas most recently served as Vice President of Product Originations for Berkadia Commercial Mortgage.

Angela Kelcher

Before spending four years with Berkadia, Thomas served as the Director of Real Estate for the Housing Partnership Equity Trust, which is now majority owned by Lincoln Avenue Capital.

 Thomas started his career as a senior asset manager and underwriter with Fannie Mae’s multi-housing mortgage business and also worked for the District of Columbia’s Housing Finance Agency as a Senior Development Officer. 

Thomas earned a Master of Science in Real Estate from Johns Hopkins University and Bachelor of Business Administration in Finance from Georgia State University. 

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 arranges the $68 million sale of and financing for 210 University, an office and retail building in Denver’s Cherry Creek North

Jane Fletcher
 

 DENVER, CO  JLL Capital Markets has closed the sale of and arranged acquisition financing for 210 University, a mixed-use development with office and retail space totaling 140,832 square feet in the Cherry Creek North district of Denver, Colorado.

Hilary Barnett

 JLL marketed the property on behalf of the owner in the sale to a joint venture led by Corum Real Estate Group and Koch Real Estate Investments (KREI). Financial details were not disclosed.

 In addition, JLL worked on behalf of the new owner to secure a five-year, interest-only, fixed-rate loan with a national balance sheet lender.

Peter Merrion

 “210 University is the gateway to Cherry Creek North.  The partnership is thrilled to succeed to ownership of this high performing asset in this high performing submarket, especially in Corum’s backyard” added Jane Fletcher, Executive Vice President of Corum, who spearheaded the acquisition.

Kristian Lichtenfels

 210 University is 89.4%-leased to a variety of tenants, including Baird, US Bank, Cherry Creek Imaging and Western Veterinary Partners among others.

 The building includes two ground-floor retail spaces occupied by Little Ollie’s and Paradise Cleaners. The property also includes one of the largest parking garages in the parking constrained Cherry Creek North district.

William Haass

 210 University prominently sits 10 minutes from downtown Denver at the most trafficked intersection in all of Cherry Creek North, a 16-block business improvement district known for being home to Denver’s best restaurants, shops and hotels.

Leon McBroom

 The property is flanked by University Blvd. and Josephine Street, two of the area’s major commuter and pedestrian arterials.

 The property is surrounded by Denver’s most affluent neighborhoods, attracting a strong tenant demand and employee base to the area.

 Cherry Creek North boasts exceptional neighborhood demographics with 78% of the area’s 7,800 residents holding a bachelor’s degree or higher and household incomes averaging $178,000.

Mark Katz

Cherry Creek North has the lowest vacancy rates and highest office, retail and multi-housing rents in the entire Denver Metro, making the market highly desirable to investors and lenders alike.  

 The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Peter Merrion, Senior Managing Director Mark Katz and Senior Director Hilary Barnett.

“Cherry Creek is one of the best performing submarkets in the country, and 210 University's location at Cherry Creek's front door drove substantial interest from both buyers and lenders,” said Merrion.


 A mixed-use development with office
and retail space totaling 140,832 SF
 in the Cherry Creek North district
 of Denver, CO

“The new ownership's long-term strategy in this premier market is very exciting, and JLL is grateful to have worked with all parties on this opportunity."

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Kristian Lichtenfels, Director William Haass and Senior Managing Director Leon McBroom.

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

 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

 

Stan Johnson Co. brokers $15 million sale of Silver Lake Village north of Tulsa, OK

 

 Margaret Caldwell

 Bartlesville, OK --Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Silver Lake Village, an 87,750-square-foot shopping center located at 2311 Southeast Adams Boulevard in Bartlesville, Oklahoma.

 Anchored by T.J. Maxx, Ross Dress For Less, Petco and ULTA, the center was fully leased at the time of sale to 12 tenants.

 Stan Johnson Company’s Margaret Caldwell and Patrick Kelley represented the seller, GBT Realty Corporation based in Brentwood, Tennessee.


A Florida-based 1031 exchange private buyer acquired the asset for approximately $15.3 million.


Patrick Kelley 

 “Silver Lake Village was the perfect investment opportunity for this 1031 exchange investor who submitted a pre-emptive offer shortly after we hit the market,” said Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.

                The property is situated on 9.41 acres and shadow-anchored by the only Lowe’s within 30 miles. 

 

The shopping center boasts a signalized intersection with excellent visibility from Adams Boulevard and the adjacent recreational area, Lee Lake. Non-anchor tenants include Maurices, Kay Jewelers, Verizon, and other national retailers.


 Silver Lake Village shopping center,  Bartlesville, OK


“With the top-quality tenant lineup and minimal competition, Silver Lake Village is the premier center in the region and was highly sought-after by investors,” said Kelley, Associate Director in Stan Johnson Company’s Atlanta, Georgia office.

“We are very pleased to have been part of the Bartlesville community for the last seven years,” a representative from GBT Realty Corporation added.

 

CONTACT:

David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com