JLL Capital Markets closes the sale and arranges the acquisition financing of the 132-unit, build-to-rent Chamberlain Pines in Summerville, SC

 

Laura Sellingsloh

HOUSTON, TX – JLL Capital Markets has closed the sale of and arranged the acquisition financing for Chamberlain Pines, a 132-unit single-family rental community in the Charleston, South Carolina suburb of Summerville. Financial details were not disclosed.

 Matthew Putterman

JLL represented the seller Blaze Capital Partners and Cross Lake Partners and secured the financing on behalf of the new owner.

 

The JLL Capital Markets Investment Sales Advisory team was led by Managing Directors Matthew Putterman, Zach Nolan and Chris Shea and Executive Managing Director Lee Allen. Senior Managing Director Matt Kafka, Director Laura Sellingsloh and Managing Director Chip Sykes of JLL Capital Markets Debt Advisory team represented the buyer.

 

Zach Nolan

Chamberlain Pines features spacious townhomes with an average size of 1,685 square feet across three- and four-bedroom residences. Interiors are complete with luxurious finishes, including stainless steel appliances, side-by-side refrigerators, granite countertops, vinyl plank flooring, attached garages and full-sized backyard with patios.

 

Chamberlain Pines is located 24 miles northwest of Charleston.

 

The historic downtown district of Summerville is home to boutiques, restaurants, coffee shops, bars and other attractions.

 

Offering immediate access to top employers, the property is within a 10-mile radius of over 31 million square feet of industrial space and is proximate to the nationally ranked port facilities in Charleston.

Chris Shea

Chamberlain Pines is also within the Dorchester School District 2, which ranked the 12th best school district out of 80 districts in the state.

  

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.

 

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.

 

 Lee Allen

About Blaze Capital Partners

 

Blaze Capital Partners is a rental housing investment and development firm driven by a simple but unusual mission: Creating homes for how people live and how they want to live.

 

With a human-first approach fueled by demographic and psychographic research, Blaze owns and operates exceptional communities in high-growth markets throughout the Sunbelt.

 

 Headquartered in Charleston, South Carolina, Blaze offers a full suite of investment services, ranging from research and acquisitions to development and asset management.

Matt Kafka

With a current portfolio across the Southeast, Blaze has transacted on approximately $2 billion in gross asset value since 2016, and currently has a controlled pipeline of acquisition and development opportunities, comprising over 1,500 units, totaling approximately $400 million.

 

About Cross Lake Partners

 

Cross Lake Partners is an independent, privately held real estate investment management firm with approximately $1 billion in assets under management. 

Cross Lake Partners pursues a value driven, disciplined approach to investing in the growth markets of the U.S. 

The Firm was established in 2018 by Michael Barr and Jonathan Shumaker.  The founders have worked together since 2004 and collectively have more than 40 years of real estate investing experience across a broad array of real estate asset classes.

Chip Sykes 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

Contact:      

   

Jenna Sharp

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

www.blazecapitalpartners.com.

jll.com.

  

Family-Owned Atlas Iron Works Celebrates 100th Anniversary

 

Stephanie N. Green 

St. Louis, MO -- St. Louis-based structural steel fabricator Atlas Iron Works has seen its share of challenges over the course of its 100-year-history, but with the fourth generation at its helm, the future looks bright for the family-owned steel fabricator as it embarks on a major push towards the future.

 

 Under new ownership and leadership, Atlas is focused on streamlining processes, introducing new technology, expanding its product and service offerings nationwide and building partnerships with other fabricators in the area while continuing to shape surrounding communities.

 

In February 2022, St. Louisans Kenton Klein and Randy Green purchased Atlas Iron Works from Klein’s father, making Atlas Iron Works a fourth-generation company.

 Kenton Klein

Longtime entrepreneurs, the new owners have over 40 years of construction and technology industry experience between them.

“We shadowed employees and figured out there were some improvements to be made," said  Klein.  "We asked Randy’s daughter Stephanie to help us figure out the finances and streamline the operations.

"She saw the company’s potential, and with the involvement of Atlas employees’ we have been able to revamp incredibly stronger to continue Atlas’ legacy.”

Green said he knew from the moment he walked on the shop floor for the first time that he wanted to purchase Atlas Iron Works.

“The amount of history that has been created inside our shop by the hands of our employees is incredible; I wanted to be a part of it. Seeing the quality, skill and dedication of Atlas’ employees was all it took for me,” said Green.

Stephanie Green and two Atlas staffers

The first decision made by Klein and Green was hiring new management. “We understood that it wasn’t going to take just anyone to get the company into the 21^st century. Atlas was going to need the right people in place, and the entire organization had to pull together to achieve this company-wide goal,” said Green.

Klein and Green appointed Stephanie Green as Vice President/CFO to manage the company’s day-to-day operations, with Klein as president and Green as CEO.

 Stephanie’s management experience started at age 18 when she began helping her father manage the family’s construction, electrical, HVAC and plumbing businesses.

 

She attended night classes to achieve MBA/Supply Chain Management degrees while running the family businesses during the day. The decision to step away from running the family businesses for 12 years to manage Atlas Iron Works wasn’t an easy one for her.

“With my father expanding into other industries and acquiring five other businesses since then, I decided it was time to leave and begin building Atlas Iron Works,” said Stephanie.

 

“As I accepted this new position, I vowed to myself in this role that I’d never change the foundation of how Atlas got started, but we were going to implement the changes necessary to grow and expand.

 

"I can’t believe in a short amount of time what our team has been able to accomplish from where we started. Our vision is clear - to never stop improving our product, company culture, employees, and commitment to our customers.”

 

Atlas Iron Works is embracing new ways of manufacturing with technology by working to incorporate interactive labor data into its estimating software to produce more accurate bids, production timelines and machine programming straight from provided engineered files. 

 

“The technology we have chosen to implement will predict and track each order down to the individual piece, with daily alerts when an expected deadline is ahead of schedule, or behind schedule," said Klein.

 

"Coupled with old school knowledge, feedback from the entire company, and prayers, Atlas will grow stronger into the future while continuing to produce a superior steel product like it has for the past 100 years.” 

 

Atlas specializes in structural steel fabrication (beams, columns, posts, girders, anchor bolts, steel decking, joists and so much more), detailing/engineering, miscellaneous fabrication, custom design builds, mezzanines/industrial platforms, and erector services.

 

Atlas Iron Works is recognized in the construction industry for its product durability and ease of installation and its customer service.

 

The company has produced and shipped steel for use in over 20,000 structures across the country for a variety of industries, using only the finest quality U.S. steel products. 

 

Backed by a AISC BU certification, Atlas currently employs 18 skilled men and women and is currently expanding its workforce. 

 

Since taking over the company, the new leadership has worked to cut over $800,000 in overhead, hire new office staff and shop workers, and develop plans to modernize the shop and expand its product offering with the purchase of custom-built beam line, plate burner and handrail machines scheduled for delivery in early 2023.

The History of Atlas Iron Works

Otto Klein

Klein’s great-grandfather Otto Klein founded Atlas Iron Works in 1922, along with associates Bill Smith, Charles Galt and Arthur Koppen – four friends who shared a vision to produce the finest quality fabricated steel products in the country.

 Combining their years of experience in the steel industry, their personal integrity and their commitment to quality, the visionaries opened Atlas Iron Works at 4020 Geraldine Ave. in North St. Louis, Missouri.

Charles Galt

When the Great Depression hit in 1929 and many companies failed, Otto bought out Koppen and Smith’s shares in the company and managed to persevere despite multiple years with sales of $1,000 or less.

 

 At the start of World War II in 1939, Atlas combined its facilities, workers, and equipment with 11 other steel fabricators in the St. Louis area at the time to provide mass fabrication of structural steel and miscellaneous iron work for the nation’s rapidly expanding war program.

 

 Atlas would continue to support the troops throughout WWII by fabricating bulkheads for amphibious landing craft and building the steel hull for the battleship USS Missouri.

Terry Zwick 

During the late 1970s, William’s son, Richard, started working for Atlas and the company ventured into the design and manufacture of custom, structural steel mezzanines.

Atlas was able to triple its business volume in the 1980s and 1990s as it updated its fabricating equipment to include state-of-the-art Computer Numerical Control (CNC) programming.

Atlas ran two shifts until 1998 when it experienced a downturn in production and reduced its staff. Richard was able to keep the shop open, often foregoing his own paycheck, even after his Sales Manager/Vice President Terry Zwick retired in 2016.

 

Contact:      

   

Jennifer Beidle 314-607-9459 jennifer@jbeidlepr.com

 

 

www.facebook.com/AtlasIronWorksEst1922.

314-383-7200 or

 bid@atlasironworks.com.  

Developer Michael Collard Properties Relocates to Downtown Winter Park, FL

 

Darby Hold

 WINTER PARK, FL --- Hold-Thyssen, Inc., a full service commercial real estate firm, closed on a five-year lease agreement with developer Michael Collard Properties for their new location in downtown Winter Park.  

 Darby Hold, Senior Director at Hold-Thyssen, negotiated the lease on behalf of New England Partners, LLC, the landlord at 243 West Park Avenue where the successful commercial real estate developer leased Suite 201 with 1,023 rentable square feet.  

 

243 West Park Avenue, Winter Park, FL

Michael Collard Properties has been delivering unique and sustainable properties for over 30 years.  The company employs a staff of seven.  

 

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 

Michael Collard 

The 40-year old firm’s current management portfolio includes more than100 commercial properties throughout the United States.

 

 

Contacts:      

     

Anthony Fisher,

 Vice President,

 Hold-Thyssen Real Estate Services,

407-691-0505, 

afisher@HoldThyssen.com

 

Beth Payan,

 Larry Vershel Communications Inc.

 407-644-4142

 beth@larryvershel.com

 

 

 

 

Twenty Four Seven Hotels Names Phil Norman Executive Vice-President of People Resources & Development

Phil Norman 

 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., has named Phil Norman executive vice-president of people resources & development.

   In the newly created position, Norman will oversee and provide executive oversight for talent management, including leadership development, organizational capability and change management.

“With 35 years of hospitality human resources experience, Phil is the ideal candidate to take over our people resources and development team as well as provide immediate support to our on-property teams,” said David Wani, CEO, Twenty Four Seven Hotels. 

David Wani

“His performance at both the hotel and corporate levels has been amazing, creating workplaces where every associate is gratified by their work and where they feel they belong.  Phil’s reputation of aligning systems and processes and his focus on workplace culture create the potential for exceptional stakeholder returns and in turn support the growth of the company.”

Most recently, Norman was chief human resources officer with Canyon Ranch where he operated HR functions across geographically distributed locations and brands with 1,840 U.S. employees across hotels and cruise ships. 

 He also held similar positions as human resources director at both the Homestead, America’s oldest resort property dating to 1766, and the Arizona Biltmore Resort & Spa, overseeing 1,250 team members, while ensuring safety and building an inclusive environment.  Norman is accredited as Senior Certified Professional by the Society for Human Resource Management (SHRM-SCP) and Senior Professional in Human Resources by HRCI (SPHR). 

Drew Hardy

“We are confident Phil will successfully recruit and retain top talent for the company even in the current challenging economic and social conditions," said Drew Hardy, president, Twenty Four Seven Hotels. 

 “The creation of Phil’s role is a natural next step toward Twenty Four Seven Hotels’ continued success, one with a high focus on workplace culture, diversity and inclusivity in the hotel industry.” 

 

 

Contact:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.247hotels.com.

 

 

Seyfarth’s Seattle Office Welcomes Trio of Partners in Corporate and Litigation Practices

Steven R. Meier

SEATTLE (Nov. 3, 2022) — Seyfarth announced today the addition of three partners to the firm’s Seattle office. Michael Herbst and Russel Robertson join the firm’s Corporate department, and Ryan Dumm joins the Litigation department—all from a Pacific Northwest regional law firm.

Michael Herbst 

“Michael and Russ’s transactional practice connects well to the existing strengths of Seyfarth’s corporate and real estate client service offerings,” said Corporate Department Chair Steven Meier. 

 James McGrath

“They offer significant capabilities to an already impressive bench of corporate attorneys operating on our global platform.”

Denice Tokunaga

“Ryan is an experienced construction litigator, which meshes exceptionally well with our growing construction litigation presence in the Pacific Northwest,” said Litigation Department Chair James McGrath.

Tom Wybenga 

 “His practice also fits in very well with our construction group’s national footprint and we see many opportunities to grow client relationships across our platform.”

Russel Robertson

Seattle Managing Partners Denice Tokunaga and Tom Wybenga issued a joint statement: “The addition of Russ, Michael, and Ryan helps strengthen two growing practice areas in the Pacific Northwest, and aligns closely with our strategic goals in the region.”

 Ryan Dumm 

 

About Seyfarth

 

With more than 900 lawyers across 17 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide.

 

Contact:

Tom Mariam,

Director of Public Relations,

 (212) 218-3366,

 tmariam@seyfarth.com