JLL Capital Markets arranges sale and acquisition financing for a cold storage warehouse at 2292 West Sand Lake Road in Orlando, FL

 

Melissa Rose

MIAMI, FL – JLL Capital Markets has closed the sale of and arranged financing for 2292 W Sand Lake Road, an approximately 150,000-square-foot cold storage warehouse in Orlando, Florida.

 

 Financial details of the deal were not disclosed.

Nicole Barba

JLL represented the seller, Quirch Foods, in the sale to a joint venture between Banner Property Group and an institutional investor.

Jason Eisenberg 

Quirch Foods has executed a short-term lease-back while it vacates the premises. Additionally, working on behalf of the new owner, JLL arranged the floating-rate acquisition loan with a bank.

 

“We are pleased to have closed this transaction working closely with Quirch Foods and the JLL team,” said Jason Eisenberg of Banner Property Group.

 

“With 2292 Sand Lake Road, we are well positioned to deliver high-quality freezer-cooler space in a prime Orlando location for both local and regional distribution.

Luis Castillo

"This acquisition is highly consistent with Banner’s investment strategy focused on infill properties in Florida and continues to grow our portfolio within the cold storage sector.”

 

Situated on 8.9 acres in the heart of Orlando’s industrial market, 2292 W Sand Lake Road offers immediate access to the Florida Turnpike, Interstate 4, US-441 and State Road 528 and is also served by CSX railroad.

 

 In addition, the facility is less than ten miles from both the Orlando International Airport and downtown Orlando.

Max La Cava 

The property immediately serves a dense local population of over 1.6 million residents within a 30-minute drive as well as 75 million annual visitors. The property can accommodate a single tenant or multiple users.

 

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Director Luis Castillo, Directors Max La Cava and Cody Brais and Analyst Taylor Osborne.

Cody Brais

“We remain extremely bullish about the fundamentals in both the cold storage space and the Orlando industrial market,” said Castillo.

 

 “Investor appetite for cold storage combined with the property’s infill location in the heart of Orlando drew amazing interest from investors seeking value-add opportunities.”

 

The JLL Capital Markets Debt Advisory team that represented the new owner was led by Managing Director Melissa Rose, Director Michael DiCosimo, Vice President Christopher Gathman and Analyst Nicole Barba.

 

“Cold storage has evolved from a niche sector difficult to finance to a high-demand asset class attracting multiple capital sources,” said Rose. “Lenders recognize that freezer cooler space is less susceptible to market volatility, with users most often related to the food industry.”

Taylor Osborne

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 sales and advisory, debt advisory, equity advisory or a recapitalization.

Michael DiCosimo

 

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 Quirch Foods^®

 

Quirch Foods is a food distribution company servicing ethnic and national grocers as well as foodservice distribution customers across the United States, the Caribbean, and Central and South America.

Christopher Gathman 

Quirch operates approximately 500 refrigerated trucks and over 2.3 million square feet of combined distribution space through 23 facilities in Florida, Georgia, North Carolina, Tennessee, Alabama, Louisiana, Illinois, Texas, Washington, Oregon and Puerto Rico.

 

Quirch is the exclusive distributor of High River Angus®, McKinneys Beef®, Panamei Seafood®, Diamond Reef® Seafood, Kikiriquirch® poultry, Jackson Farms™, Mambo Foods® and is a licensed distributor of Certified Angus Beef® and Chiquita® Brands frozen Tropicals and Fruits.

 

 

CONTACT:
 

Cierra Lacasse

PR, Hotels & Hospitality, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

 

To learn more about Quirch Foods and its brands,  follow Quirch at (Facebook, Twitter, Instagram, LinkedIn), or call (800) 458-5252

.  

www.bannerpg.com.

Avanath Capital Management appoints Carly Stevenson executive vice president of property management

Carly Stevenson

 IRVINE, CA, Dec. 21, 2022 – Avanath Capital Management, LLC, a private real estate investment manager, announces the expansion of its executive leadership team with the appointment of Carly Stevenson, a property management industry veteran, as Executive Vice President of Property Management.

Drawing upon more than 20 years of experience, Stevenson will help expand and bolster the continued success of Avanath’s property management division as the firm continues to acquire and manage new multifamily properties across the nation with a focus on affordable, workforce, and seniors housing, according to Daryl Carter, Founder, Chairman, and CEO of Avanath.

Daryl Carter

“Avanath is experiencing a period of significant growth, making this a critical time to ensure we have the people, infrastructure, and processes that are necessary to support our platforms and propel our overall goal of providing lifestyles within reach,” says Carter. 

“What makes Carly perfect for this role is her grassroots career. She began as a Leasing Consultant and is now a strategic leader for Avanath. Her expertise and personal commitment to enhancing residents’ lives through service dovetails perfectly with our investment and management philosophy.”

Prior to joining Avanath, Stevenson was President of Property Management at Mandel Group, a multi-state multifamily property management firm based in Milwaukee, Wisconsin, where she was responsible for the profitability and operations of their multi-state property management platform.

She also held multiple management positions at AMLI and Waterton Residential.

 

Contacts:

Brooke Belt/Elisabeth Manville

The Smart Agency

949-438-6262

bbelt@thesmartagency.com

 

BLT Enterprises secures 10-year lease with BMW Designworks at Santa Monica, CA office building

 Lisa Tamayo

 SANTA MONICA, CA, Dec. 21, 2022 – BLT Enterprises, a multi-faceted real estate investment company, has successfully secured the long-term, 10-year lease of its 16,500 square-foot creative office building in the Santa Monica submarket of Los Angeles County, and announces the completion of the building’s creative office conversion project.

The tenant, Designworks—the design innovation studio for the BMW Group—has relocated its U.S. headquarters in response to the evolving demands of today’s work-life balance.

 

Robert (Rob) Solomon

“To meet the steady call for creative-office space in the thriving Santa Monica market, BLT recognizes the importance of staying ahead of trends and anticipating the wants of current and future tenants—an approach that ensures our assets consistently provide long-term value,” says Rob Solomon, President and Chief Legal Officer at BLT Enterprises.

Brad McCoy

 “The property attracted healthy tenant interest based on its prime location, size, and adaptability to conversion for creative users. 

"Our team worked closely with Designworks to successfully negotiate suitable lease terms to meet their changing needs and deliver value for years to come.”

 According to Lisa Tamayo, Vice President of Development at BLT Enterprises, BLT specializes in acquiring, renovating, and transforming existing industrial, office, and flex buildings into assets that appeal to today’s tenants.

 “We utilize our depth of experience to aid our tenant partners in strategically customizing environments that not only meet the highest level of industry standards, but also provide the opportunity to evolve and expand to meet future business requirements,” continues Tamayo.

 The property is located at 1601 Olympic Boulevard in Santa Monica California.

 Brad McCoy and David Wilson of Lee and Associates represented BLT as the lessor in the transaction

  CONTACTS: 

 

Hanna Kokuashvili/Elisabeth Manville

The Smart Agency, Inc.

(949) 438-6262

hkokuashvili@thesmartagency.com

Ware Malcomb announces construction completed on Building C at National Capital Business Park in Ottawa, Canada

 

Frank Di Roma

OTTAWA, Ontario, Canada – Ware Malcomb, an award-winning international design firm, announced that construction is complete on Building C at National Capital Business Park, an industrial campus developed by Avenue 31 and located at 1000 Last Mile Road in Ottawa, Ontario.

Ware Malcomb provided the architecture, interior design and branding services for the 145,000 square foot industrial facility. 

This is the first of seven speculative buildings in the industrial park. The building is designed to accommodate multiple tenants with each exterior entry featuring a distinctive ACM color to create a sense of identity.

The building features 32’ clear heights and has an overall sleek modern design with full pre-cast dock area including fenced outdoor storage. 

“This project was built on one of the most prominent undeveloped industrial pieces of land in Ottawa,” said Frank Di Roma, Principal, Ware Malcomb.

“This building is a leader in the Ottawa market because of the clear heights, optimum base sizing and the use of new building materials.

"We are proud to be part of a substantial effort and to have worked closely with Avenue 31 to achieve their goals. We look forward to the next phases of design and development.”

 

 

CONTACTS: 

 

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

Maria Rodgers, Director, PR & Communications, 949.660.9128,

 mrodgers@waremalcomb.com

 Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com 

Photography: Salina Kassam Photography.

Peachtree Hospitality Management Names Rachel Huang Vice President of Hotel Analytics & Support

 

Rachel Huang

 ATLANTA, GA, Dec. 21, 2022 – Peachtree Hospitality Management ("PHM"), an affiliate of Peachtree Group, named Rachel Huang as vice president of hotel analytics & support. She will report to Patrick Short, PHM's president.

 

Huang brings with her 20-plus years of international hospitality analytics and project management experience.

 

She will lead PHM's business intelligence strategy in providing data-backed decision support across multiple functions in her new role.

 

"Following on a tremendous 2022 that saw Peachtree grow by almost all metrics, we continue to expand our capabilities to meet the growing and changing demands of our expanded hotel portfolio," said Short.

 

"In addition to working with some of the most respected names in hospitality, Rachel also has international experience that gives her a unique perspective on hotel analytics that will benefit Peachtree immensely.

"We appreciate what Rachel brings to the table and look forward to her continued professional growth with us."

 

Patrick Short

Most recently, Huang served as director of strategy at Hotel Effectiveness Solutions (an Actabl company).

 

Prior to that, she held multiple analytical and strategy leadership roles with InterContinental Hotel Group (IHG).

 

Huang received her master's degree from Cornell University and her bachelor's degree from the Central University of Finance & Economics School of Accountancy (Beijing, China).

  

 

CONTACTS: 

 

Charles Talbert

678-823-7683

ctalbert@peachtreehotelgroup.com

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.peachtreegroup.com

 

Miami's Tibor Hollo honored with Lifetime Achievement Award

 

Tibor Hollo

MIAMI, FL – Florida East Coast Realty (FECR), an integrated real estate development and management company with more than 60 million square feet of construction completed, announced that its Founder and Chairman, Tibor Hollo, 95, was recognized at Florida International University’s (FIU) second annual React 2022 Conference with its Lifetime Achievement Award. 

Wayne Hollo

FECR's Co-CEOs Jerome and Wayne Hollo, and COO Austin Hollo, accepted the award on his behalf.

 

Jerome Hollo

“Tibor Hollo is considered the architect of modern Miami and has made his mark by advocating and developing innovative real estate projects,” said Eli Beracha,” Director, Tibor and Sheila Hollo School of Real Estate Hollo Research Fellowship. 

 

 “He and Sheila are also responsible for the creation and development of what has become the No. 1 Master of Science in International Real Estate (MSIRE) program in the nation. We can’t thank them enough.”

Eli Beracha

The naming of the Tibor and Sheila Hollo School of Real Estate was officially announced on September 21, 2012.

 

“I am grateful that FIU embraces this challenge in its graduate real estate program, and I am proud of what it has accomplished in just a decade,” said Tibor Hollo.  “It is rewarding to see how this internationally recognized program is producing our future leaders in this profession.”

Sheila Hollo

Throughout the day-long conference, industry insiders and experts, including Miami Mayor Francis Suarez, discussed several topics that included the relationship between technology and the real estate industry. 

 

Themed “Miami: A Real Estate and Technology Powerhouse,” the conference was held at the FIU Graham Center at FIU’s Main Campus.  

 

 

CONTACTS: 

 

Don Silver/Max Brodsky of BoardroomPR at (954) 370-8999 or

donsil@boardroompr.com/

 mbrodsky@boardroompr.com,

 both for Florida East Coast Realty.

 

mbrodsky@boardroompr.com

O 954-370-8999

C 954-279-7574

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

 

 

 

Miller Construction Adds Nicole Flier as Vice President of Business Development in Fort Lauderdale, FL

 

Nicole Flier

 

 Fort Lauderdale, FL, Dec 19, 2022 – Miller Construction, a statewide, privately-held construction firm, announces the addition of Nicole Flier as Vice President of Business Development in the firm’s headquarters in Fort Lauderdale.

 

Flier will be tasked with the pursuit of new private clients throughout Florida in sectors that include automotive, aviation and hospitality.

“Nicole has nearly two decades of business development experience, and we are thrilled to welcome her to our Miller family,” said Miller Construction President Brian Sudduth.

 “She will undoubtedly be a valuable addition to our team and offer great insight into growing industries for us.”

Brian Sudduth

Most recently, Flier served as the VP of Business Development at a national automotive dealership construction firm based in West Palm Beach.

Flier has a Bachelor of Arts from University of Southern California. She continued her studies at the University of Miami Sales Institute and is a Certified LEED Green Associate. 

Flier also chairs the City of Boca Raton Builders Board of Appeals, serves as a Board of Trustee for the Boca Raton Police Foundation and was recently appointed 2022-2024 Boca Raton Regional Hospital Foundation “Go Pink Challenge” Chairwoman.

 

CONTACT:

 

Daniel Benjamin

Senior Account Executive

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

Millerconstruction.com.