JLL Capital Markets arranges $45 million sale of the 205,853-square-foot Deerwood Town Center in Miami, FL

 

Kim Flores

 MIAMI, FL– JLL Capital Markets has closed the $44.85 million sale of Deerwood Town Center, a 205,853-square-foot, grocery and home improvement-anchored community shopping center.

 JLL arranged the transaction between the seller, Courtelis Company, and the buyer, Core Investment Management.

 The 100-percent-leased Deerwood Town Center is anchored by a strong-performing Fresco y Mas and Home Depot and also includes Amped Fitness, Pet Supermarket and TD Bank.

 

Deerwood Town Center, southwest Dade County, FL

Situated at 12095 SW 152^nd St., Deerwood Town Center is located on the northeast corner of Coral Reef Drive and S.W. 122nd Avenue within Southwest Dade County.

The center benefits from a population of 368,278 within a five-mile radius. Deerwood Town Center serves the Kendall, South Dade and Country Walk areas located in Southwest Dade, which are among the highest growth areas in the Metropolitan Miami area.

 Danny Finkle

The center offers direct access to the Florida Turnpike and is within three miles of other major roadways, such as State Road 874, South Dixie Highway (U.S. 1), Lindgren Road (S.W. 137th Avenue) and SW 117th Avenue.

 Additionally, the property is located across from the Zoo Miami.

Eric Williams

The JLL Retail Capital Markets Investment Sales and Advisory team that arranged the transaction was led by Senior Managing Director and co-lead of JLL’s US Retail Capital Markets group Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.

 “Opportunities to acquire high-quality grocery and home improvement-anchored centers in Miami are relatively scarce, and Deerwood Town Center has been owned by the original developer since the first phase was completed in 1985,” Finkle said.

 “The strong investor demand for grocery-anchored centers has been well-documented, but a notable increase in interest for ethnic grocers is driving capital formation around acquiring retail centers like Deerwood Town Center,” added Williams.

  CONTACT:

Jenna Sharp, Associate,  Public Relations Phone: +1 214 394-3356 Email:  Jenna.Sharp@am.jll.com

 

 

The Keyes Company Adds Novus Realty to its Expanding South Florida Footprint

 

Maria Elena Arias

Fort Lauderdale, FL– The Keyes Company, Florida’s largest independent real estate brokerage, added a dynamic real estate firm to its consistently growing portfolio. 

Miramar-based Novus Realty is joining Keyes, bringing its real estate brokerage and property management divisions to the firm’s Family of Companies.

 Founded by Victor Taurizano in 2011, Novus Realty has more than 30 Associates and employees and generates about $40 million in annual transaction volume. Its property management division oversees about 50 properties. 

Taurizano is also an experienced developer and will bring that experience to Keyes’ development division as part of his role with Keyes.

 Victor E. Taurizano

Keyes will operate Novus’ existing Miramar location at 12280 Miramar Blvd. as a new Keyes office, with Maria Elena Arias of Keyes set to lead it. Arias has more than 25 years of experience as a top producer and in management.

 Novus developed and managed the plaza that the office is located in. Keyes Property Management will take over management of the plaza and the rest of Novus’ management portfolio.

 “After building Novus Realty from scratch into a formidable and versatile real estate firm, the time was right to pursue this strategic partnership,” Taurizano said. 

“Keyes is the perfect partner for Novus, given its family owned and entrepreneurial nature, independence, marketing and incredible technology. 

 Jud Henry

"To quote an African proverb I often cite, ‘If you want to go fast, go alone. If you want to go far, go together.’”

 Born in San Pedro, Argentina, Taurizano always had a passion for building, creating and problem solving. That led to him earning a bachelor’s degree in Electrical Engineering and master’s degrees in Telecommunications and Business Administration before moving to the U.S. in 2001. 

Taurizano became fluent in four languages (Spanish, English, Portuguese and Italian) while traveling the world for business.

 Taurizano is a licensed real estate broker in Florida and Arkansas. He also holds active CAM (Community Association Management) and mortgage broker licenses in Florida.

 Steven Reibel

For Keyes, the Novus addition continues its long-term approach of selectively targeting boutique brokerages to acquire and integrate into the firm. In June 2022, 

Keyes added Skye Louis Realty to bolster its presence in Broward and Palm Beach counties. Led by Jud Henry, Skye Louis has more than 140 agents and produces an annual volume exceeding $200 million.

“Novus is another tremendous firm to welcome to the Keyes Family of Companies,” Keyes Senior Vice President Steven Reibel said. “We remain focused on strategic and multi-faceted growth in South Florida, the Treasure Coast and in select West Coast markets. 

"That sometimes includes acquisitions of boutique firms that share our core values emphasizing customer service, integrity, family and philanthropy.”

 

 CONTACTS:

Media Contact:

Eric Kalis and Daniel Benjamin, 

BoardroomPR

ekalis@boardroompr.com or

 dbenjamin@boardroompr.com

954-370-8999

Seefried Acquires 56 Acres in Calhoun, GA, Commencing Spec Project Immediately

 

Rendering of Grove 75 Logistics Center,
 a planned 56-acre, 738,720 square foot
 speculative development in Calhoun, GA

 

Calhoun, GA - Seefried Properties, a national real estate firm specializing in the development, leasing and management of industrial properties has acquired a 56-acre site with plans to break ground immediately on Grove 75 Logistics Center, a 738,720 square foot speculative development in Calhoun, Georgia. 

The facility is expected to be completed in the third quarter of 2023.

 At the epicenter of an industrial corridor, in the I-75 North Industrial submarket, the property provides ideal access to a growing population base, deep labor pool, and numerous nearby amenities. 

Doug Smith

 Grove 75 Logistics Center is located on Union Grove Road – just half a mile from Interstate 75 and 1.5 miles from Highway 53 and Highway 41. 

The state-of-the-art logistics center will feature modern, Class A building features, 40-foot clear heights, 167 dock-high cross-docking doors (4 drive-in), ample trailer and auto parking spaces, LED interior lighting, ESFR sprinklers and office space to suit.

 

Joseph Kriss

“The site is perfectly located with one turn and a quarter mile off of I-75, says Doug Smith, Senior Vice President, Seefried Properties. "The I-75 northwest leasing market continues to be very active with regional and national building users.”

Grove 75 Logistics will serve as a premier location for manufacturing and distribution user’s seeking a significant amount of space with easy access to Interstate 75 in the northwest Georgia corridor, the preferred access route to the newly developed Appalachian Regional Port (ARP).  Hartsfield-Jackson International Airport is 74 miles away.

Tripp Ausband

Joseph Kriss, Tripp Ausband and Doug Smith of Seefried will handle the marketing and leasing for the project.

  Additional project partners include The Conlan Company as the general contractor, Southland Engineering as the civil engineering firm and Atlas Collaborative as the architect. 

 

 CONTACT:

Barbara Bennett | Marketing Coordinator

t: (602) 337-8730  |  m: (520) 661-9641  e: bbennett@seefriedproperties.com 2201 E. Camelback Rd Ste 222  |  Phoenix, AZ 85016

www.seefriedproperties.com

 

Trion Properties sells 76-unit multifamily community in Greater Portland, OR metropolitan area for $21.5 million after acquiring the property in 2017 for $12.5 million

 

Liz Tilbury

BEAVERTON, OR – Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has sold The Hallwood Apartments, a multifamily community totaling 76 units at 7535 SW Hall Boulevard in the Beaverton submarket of Portland, Oregon, for $21.5 million.

Trion had originally acquired the property in 2017 from a private seller in an off-market transaction for $12.5 million.

Liz Tilbury at Tilbury Ferguson Investment Real Estate, Inc. represented both Trion and the private buyer in the sales transaction.

The disposition demonstrates the firm’s ability to add significant value to real estate assets as well as the strength of the Greater Portland market, according to Max Sharkansky, Managing Partner of Trion Properties.

Max Sharkansky

“Our firm has an extensive track record of purchasing apartment assets and implementing changes that make sense for each property in its respective market,” says Sharkansky.

 “This strategy dramatically improves the properties’ appeal to tenants and investors and ultimately drives valuation.

"We have seen this approach succeed time and again for us in the Portland area, due to the population’s attraction to the metro’s suburbs and the region’s potential to generate positive cash flow for multifamily owners.”

Farhan Mahmood

Since Trion made its debut in the Greater Portland market in 2015, the firm has witnessed notable resident migration toward lower-density suburbs like Beaverton, which offer a high quality of life as well as continued development and job growth.

The firm has owned and managed 22 properties in the metro, including nine in Beaverton’s Washington County, enabling the company to deepen its expertise as a major player in the region, notes Farhan Mahmood, Partner and Director of Acquisitions at Trion Properties.

Hallwood Apartments, a multifamily
community totaling 76 units
at 7535 SW Hall Boulevard
in the Beaverton submarket
of Portland, Oregon

“As multifamily absorption rates rise in the Portland CBD, we are observing increasing leasing activity in nearby submarkets including Beaverton, which is seeing apartment vacancy rates below 2% in some areas,” says Mahmood. 

“Portland suburbs like Beaverton have done a good job evolving, extending transit, attracting nightlife, and persuading businesses to open office—encouraging the trend of people choosing the suburbs over the city to continue.

"This fundamental, along with Portland’s Urban Growth Boundary, which limits future developments to high-density construction, supports our continued investment in this region for its growth potential and propensity to attract residents and companies alike.

Kitchen  area, Hallwood Apartments,
 Portland, OR metro area

In fact, Beaverton is known as ‘The Silicon Forest’ due to its cluster of prominent technology companies including Intel, Genentech, and Apple.”

The increasing concentration of tech companies in the area has helped drive year-over-year multifamily rental growth in Portland of 13.4% in Q2, and CoStar is predicting Beaverton apartment rents to grow by 25.3% by 2026, far surpassing the historical average for this submarket, Mahmood adds.

Constructed in 1986, The Hallwood Apartments is a garden-style community comprising spacious one- and two-bedroom units. The property, which features washers and dryers, a swimming pool, ample covered parking, and an on-site leasing office, aligns with Trion’s proven strategy of investing along the 217 freeway, providing convenient access to the metro’s employers as well as numerous shopping and dining options.

.

“The capital improvements we completed at The Hallwood Apartments substantially increased buyer interest in the property, enabling us to sell it for a markedly higher amount than our purchase price five years earlier,” says Sharkansky.

 CONTACTS:

Hanna Kokuashvili / Elisabeth Manville

The Smart Agency

(949) 438-6262

hkokuashvili@thesmartagency.com

https://trionproperties.com/.   

 

The Keyes Company’s Coloney Group Closes Two Fort Lauderdale, FL Multifamily Sales Totaling Nearly $30 Million

.

Maggie Graham

Fort Lauderdale, FL – The Keyes Company’s The Coloney Group, a prolific team of experienced South Florida Realtors, closed the sale of two Fort Lauderdale multifamily properties totaling nearly $30 million.

The group’s George Coloney and Maggie Graham represented both sides in the transactions.

George Coloney

Los Angeles-based Cochise Capital is the buyer for both properties, and the seller is South Florida-based Cordova Arms, LLC.

 Located at 1401 SE 15th St (Cordova Arms apartments). As well as 1300 NE Third St. (The Isles apartments),  properties sold for $19.5 million and $10.1 million, respectively.

The first building has 58 units totaling 46,343 square feet. The second building has 32 units totaling 21,011 square feet.

 

Cordova Arms apartments, 1401 SE 15th Street,
Fort Lauderdale, FL

“Our team leveraged its business acumen to successfully represent both sides in the closing of these two multifamily properties.” Coloney said.

 “The South Florida market has enjoyed tremendous activity over the last few years, and interest from out-of-state buyers continues to grow.”

The Isles apartments, 1300 NE Third Street,
Fort Lauderdale, FL

The Coloney group also sold Wilton Walk, (25 luxury townhomes), $8,750,000, Grandeur apartments 18 units ($7,350,000) Delamare apartments, ($7,800,000) all in Wilton Manors through Lauren Coloney, Niki Falck and George Coloney.

Lauren Coloney

 

George Coloney has nearly 20 years of real estate experience specializing in all facets of residential and commercial real estate.

 To date, The Coloney Group has closed nearly $200 million in volume for 2022 and is consistently ranked among the top teams within The Keyes Company.

 CONTACTS:

Eric Kalis and Daniel Benjamin,

 BoardroomPR

ekalis@boardroompr.com or 

dbenjamin@boardroompr.com

954-370-8999

 www.gocoloney.com.

 

Peachtree Welcomes Natalie Robinson as New Vice President of People and Culture

 

Natalie Robinson 

ATLANTA, GA – Peachtree Group ("Peachtree") announced the appointment of Natalie Robinson as vice president of people and culture. She will report to Vivian Clarke, Peachtree’s senior vice president of people and culture.

 Robinson joins Peachtree with over a decade of employee relations and engagement and performance management experience.

 Her responsibilities will include leading all aspects of Peachtree's people-first culture by ensuring talent recruitment, development and retention; and advancing the organization's inclusion and diversity efforts. She will also find new ways to enhance the overall team member experience.

 "It's an exciting time at Peachtree as our organization expands and evolves," Clarke said. "Natalie's strong leadership skills will advance our culture, drive our growth and talent strategy, and strengthen our reputation as an employer of choice.

"We are proud of Peachtree's high team member engagement, and the company culture built and recognize the opportunity to improve our people processes and discipline as we further scale the business."

Vivian Clarke

 

Before joining Peachtree, Robinson was the human resource director of OS National, directing strategic human resources management and guiding all levels of the organization regarding effective people management, employee life cycle matters and compensation principles..

 Robinson earned her bachelor's degree in sociology and criminal justice from the University of Georgia.

 

CONTACTS:

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

 

www.peachtreegroup.com. 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

USAA Real Estate and McDonald Property Group break ground on 1.8 million SF facility for United Legwear in Beaumont, CA

 

               Bruce McDonald 

BEAUMONT, CA —JLL announced USAA Real Estate and McDonald Property Group have broken ground on a 1.8-million-square-foot distribution center for United Legwear & Apparel Company, LLC (ULAC) in Beaumont, California. 

                    Chris Volpe

ULAC specializes in legwear, bodywear, apparel, and accessories for men, women and children, maintaining nearly a dozen highly recognized licensed brands such as Hurley, Champion, Fortnite, Van Heusen, Skechers, and a joint venture partnership with PUMA North America.

                                    Darla Longo

Completion of the facility is scheduled for December 2024.

City of Beaumont officials and departments heads along with executives from USAA Real Estate, McDonald Property Group, ULAC, JLL, CBRE, HPA Architecture and Fullmer Construction Company participated at a groundbreaking ceremony on September 28. 

                                        Barbara Emmons 

 The architect of record, HPA, Inc. has designed this significant project.

“HPA is well known throughout the entire Inland Empire region for its long-standing expertise in designing large industrial logistics facilities and ownership specifically selected HPA for this reason”, said Bruce McDonald of McDonald Property Group.

         Luke McDaniel

The building, located at Phase II of the Crossroads Logistics Center, a master-planned project at the intersection of Interstate 10 and Hwy. 60, will be used to accommodate ULAC’s global design/manufacturing, marketing, sales, and distribution.

It will contain assembly, racking, and state-of-the-art material handling conveyor automation systems and includes approximately 30,000 SF of office space.

This one-half mile long building will be distinguished as one of the largest known industrial buildings in the entire Southern California region. 

         Cameron Driscoll

“This groundbreaking is a key milestone for the continued growth of United Legwear & Apparel Company in the United States,” said Chris Volpe, chief operating and financial officer of ULAC. “This amazing facility will be a catalyst to our commitment to our customers and the community for years to come.”

Luke McDaniel, Cameron Driscoll, Jeff Bellitti, and Mac Hewett of JLL represented United Legwear.

David Consani, Jim Koenig, Darla Longo, Barbara Emmons of CBRE and Rick John of Daum represented McDonald Property Group and USAA Real Estate in the lease transaction which was signed in July 2022. 

           Jeff Bellitti

The architecture firm of record is HPA Architecture, and the general contractor is Fullmer Construction Company. 

This new ULAC massive structure is positioned on 85 acres known as Phase II of the Crossroads Logistics Center, a master-planned project at the intersection of Interstate 10 and Hwy. 60, which also includes an under construction 816,000 SF build to suit facility. 

 Wolverine Worldwide’s fulfillment center and another build to suit fulfillment facility were both recently developed as Phase I of Crossroads in 2017 and 2020 by the USAA Real Estate and McDonald team.

              Mac Hewett 

A new Highway 60 freeway interchange overpass benefits and provides additional access for the project near the east entrance.

The property is 78 miles from the Port of Los Angeles, proximate to railways and the new FedEx Ground sorting and distribution center in Palm Springs, making it accessible to various intermodal transportation routes.

CONTACT:

  David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

www.unitedlegwear.com

www.mcdonaldpropertygroup.com

usrealco.com.

 

 ded in 1998 by Isaac E. Ash, United Legwear & Apparel Co., (ULAC) is a New York based global design/manufacturing, marketing, sales and distribution company specializing in legwear, bodywear, apparel, and accessories for men, women and children. ULAC maintains nearly a dozen highly recognized licensed brands such as Hurley and Champion and is a joint venture partner to PUMA North America.