Wednesday, February 8, 2023

Hold-Thyssen Closes on Office and Retail Leases to Ambas Holdings and MRC Games expanding in Pasco County, FL

 

Carol L. Kinnard

Port Richey, FL --- Hold-Thyssen, LLC, a full service commercial real estate services firm with offices in Clearwater and Winter Park, completed two lease agreements at Ridgewood Square,  6486 Ridge Rd. in Port Richey.

 

Carol L. Kinnard, transaction specialist at Hold-Thyssen, negotiated the transactions representing Robert A. Carroll, II, the landlord of the property with high visibility on Ridge Road at a major intersection. 





 Kinnard said the 700 square foot  retail space fits the needs of the new tenant MRC Games.  “With locations in Hillsborough and Pinellas Counties, they wanted to expand their footprint into Pasco County and  Ridgewood Square’s tenant mix complements the gaming business and provides synergy,” she explained.

 

Kinnard also completed a lease agreement for 1,000 square feet of office space at Ridgewood Square.  Ambas Holdings, Inc.,  a 20-year-old firm, is the new tenant.


Ridgewood Square, 6486 Ridge Road, Port Richey, FL

Ridgewood Square is currently 94 percent leased. 

 

Hold-Thyssen provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

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CONTACTS:

 

Richard J. Fisher

Vice President/Investor Services

 Hold-Thyssen, Inc.,

 813-880-7100 ext303

 Rfisher@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 

 

 

 

 

 

 

 

 

JLL Capital Markets arranges $193 million loan with TIAA Bank for Adler Real Estate Partner’s light industrial portfolio in Sunbelt and Mid-Atlantic states

Lauren Ervin

 MIAMI, FL, Feb. 8, 2023 – JLL Capital Markets announced today that it has arranged in permanent financing for a nine-property light industrial portfolio totaling 1.7 million square feet located in infill locations in South Florida, Texas, North Carolina, Alabama and Maryland.

 JLL worked exclusively on behalf of the borrower, Adler Real Estate Partners, to place the five-year, fixed-rate, non-recourse loan with TIAA Bank.


Melissa Rose

“The recapitalization of this portfolio was very important for our firm in order to achieve a win for investors, and we were pleased to work with the JLL Capital Markets team and TIAA Bank to close this complex transaction,” said Matthew Adler, Founder and Managing Principal of Adler Real Estate Partners. 

Matthew L. Adler

“We always work with clients to create customizable credit solutions to suit their needs, and we’re glad we could help JLL and Adler Real Estate Partners structure a flexible prepayment schedule, structuring the transaction that was designed to meet the specific needs for the Class A sponsorship,” said Lauren Ervin, TIAA Bank’s Vice President.

Located within high-growth markets in the Sunbelt and Mid-Atlantic, the portfolio is comprised of 145 tenants across 17 different industry categories, including technology/IT, medical supplies, healthcare, aeronautics, consumer goods and construction/materials. 

 

 Constructed between 1981 and 2001, the well-maintained assets maintain above-market occupancies and consistently outperform the local competition.

Chris Drew

 

The portfolio properties’ optimal infill locations, which provide direct access to transportation and infrastructure, added to the strong lender interest in the financing opportunity.

 

The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Chris Drew, Managing Director Melissa Rose and Vice President Christopher Gathman.

 

“The ability to secure accretive financing in this turbulent capital markets environment is a testament to Adler Real Estate Partners brand name as well as the quality of the assets included in the collateral,” said Drew.  

 

“TIAA Bank provided a seamless execution on a large loan at a time when $100 million and up, single-source capital has become scarce,” added Rose.


Christopher Gathman

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.

 

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.

 

Adler Real Estate Partners

 

Adler Real Estate Partners (“AREP”) is a leading, vertically integrated light industrial owner based in Miami, FL.

 

Founded by Matthew Adler in 2012, the firm carries in its DNA the successful 60-year track record of acquiring and operating multi-tenant light-industrial assets of Matthew's legacy family business, the Adler Group.

 

Since entering the fund management business, the current team has deployed and managed four funds while making 37 acquisitions, totaling 6.5M square and with a market value of over $1.2 billion.

 

 

CONTACT:

 

Cierra Lacasse,

 JLL Associate,

 Public Relations

Phone: +1 602 648 8701

Email: Cierra.Lacasse@jll.com

jll.com.

 

Tuesday, February 7, 2023

Florida Business Leader John Crossman to Launch New Radio Show Feb. 11

 John Crossman
 

 WINTER PARK, FL --   Well-known business leader and noteworthy author John Crossman, who launched his radio show – The Crossman Conversation – in early 2022, is launching The Crossman Conversation CEO Edition Saturday, Feb. 11.

 

The CEO Edition will air across the Shepherd network in Central Florida on Saturdays at 1:05 p.m. for 30 minutes when Crossman and his guests will focus on the most important business challenges facing the community in 2023. 


Craig Ustler


Crossman said among upcoming guests scheduled for the CEO Edition are Orlando native,  urban developer Craig Ustler, CEO of Ustler Development Saturday Feb. 11 and Glenn Rufrano, chairman of the International Council of Shopping Centers (ICSC), who has held several CEO roles including VEREIT and Cushman & Wakefield, slated for Feb. 18.

 

Glenn Rufrano


“They are experts, leaders in their fields and veterans in business who can share professional advice, personal experiences, and offer solutions to help our listeners,” Crossman said.

 

“Central Florida has a large and vibrant community of emerging companies whose CEOs need or want help to grow and prosper.  They’re often struggling with decisions during shifting economic conditions and can use another perspective outside of his/her own work circles,” he added.

The Shepherd Radio is available on three stations, each part of the MARC Radio group. 1270 AM – WIWA in Orlando which covers the entire Central Florida area.  

In the Ocala/Villages area, The Shepherd is heard on 103.5 FM and 720 AM, while Gainesville listeners can hear the broadcast on 96.3 FM or 1430 AM.

 CONTACTS:

John Crossman, CEO,

Crossman Career Builders / Crossmarc Services,

 407-794-9393 

jcrossman@crossmancb.com

Beth Payan, Larry Vershel Communications Inc. 

407-461-3781 or 

beth@larryvershel.com

 

 

ISHC Honors Alejandro Zozaya with the Pioneer Award at ALIS

 


From left: Kristie Dickinson, Vice President, ISHC, Managing Director/EVPCHMWarnick; Alejandro Zozaya, 2023 Pioneer Award recipient, former Chairman Apple Leisure Group; Todd Leach, Chairman, ISHC, Partner, Dedica Group

 

Los Angeles, CA, Feb. 6, 2023 — The International Society of Hospitality Consultants (ISHC) in partnership with the Americas Lodging Investment Summit (ALIS) presented Alejandro Zozaya, former Chairman of Apple Leisure Group, with the Pioneer Award which recognizes an individual annually who has made an outstanding contribution, achievement and/or improvement in the hospitality industry.


Todd Leach

Todd Leach, ISHC chairman and partner of Dedica Group; and Kristie Dickinson, ISHC vice president and managing director/EVP of CHMWarnick presented Zozaya with the recognition during the conference plenary session.

 

Leach remarked, “What sets Alex apart from others in our industry is his ability to see, anticipate, and adapt to changing forces in our marketplace. And as we’ve seen, he has a keen eye for spotting trends and a knack for identifying new opportunities for growth.”


Kristie Dickinson

Leach added: “What an honor to celebrate Alex Zozaya as this year’s ISHC Pioneer Award Winner - for his groundbreaking work in the hospitality industry. 


"His leadership and visionary spirit have greatly impacted our industry, and we have no doubt that he will continue to be a driving force in shaping the future of hospitality for years to come.”

 

 

Upon accepting the award, Zozaya noted, “Thank you all for being a part of this wonderful industry; the industry of tourism is the industry of opportunities.

 

"We’re not only able to generate millions of jobs all over the world, we create experiences, we create wonderful memories, but those jobs that we create, especially in those communities that otherwise wouldn’t have any chance to improve their quality of life, are for the vast majority young people and for women. 

 

"Women who are the leaders in this sector. So very proud to be one of the drivers of this segment. I do believe strongly that this is a real industry of opportunities for anybody, and I am an example of that.” Zozoya said.

 

Zozaya also gave an update on his current philanthropic work with Amigos de Jesus, Honduras and Saving Our Sharks Foundation and commented “I encourage all of you, whatever you’re doing, whenever you have the opportunity, to give back, it’s really, really a great feeling to be able to drive a successful story and give back.”   

 

Established in 1996, ISHC Pioneer Award winners are selected on a basis of three criteria: active involvement in the hospitality industry; contribution to the industry; and personal/organizational attributes and qualities adhering to professional standards recognized and respected by industry peers.


Jeff Higley

“Alex has been a pioneer in the all-inclusive space for more than two decades and has left an indelible mark on one of the fastest growing, most sought-after segments in the global lodging industry,” said Jeff Higley, President of The BHN Group.

 

“His ambition, passion and extraordinary vision has earned Alex a well-deserved spot on the long list of industry icons that have received the Pioneer Award.

 

"It’s an honor for The BHN Group and the Americas Lodging Investment Summit to play a role in honoring this illustrious group of people who have helped shape the industry’s long-term success.”

 

Past recipients of the Pioneer Award include:

  • Peggy Berg (2022)
  • Marilyn Carlson Nelson (2020)
  • Jack DeBoer (2019)
  • Wing T. Chao (2018)
  • Ian Schrager (2017)
  • Lyndall DeMarco (2016)
  • Stephen Kaufer (2015)
  • Michael Bedner (2014)
  • Steve Rushmore (2013)
  • Chip Conley (2012)
  • Kathleen Taylor (2011)
  • Leland C. Pillsbury (2010)
  • J.W. Marriott (2009)
  • Jean Gabriel Peres (2008)
  • Stanley Selengut (2008)
  • Jean-Claude Baumgarten (2007)
  • James E. Burba (2007)
  • Stelios Haji-Ioannou (2006)
  • H.P. Rama (2006)
  • Costakis Loizou (2005)
  • Barry Sternlicht (2005)
  • Christel DeHaan (2004)
  • Regis Bulot (2004)
  • Bill Kimpton (2002)
  • Jonathan M. Tisch (2001)
  • Michael A. Leven (2000)
  • Jack Vaughn (1999)
  • George Johnson (1998)
  • Randell A. Smith (1997)

Jennifer Castellarin

For more information, please contact:

Jennifer Castellarin
Director of Membership & Marketing

jcastellarin@ishc.com

 

 

 CONTACTS:

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

ishc.com.

ALISconference.com

  www.northstartravelgroup.com

www.Burba.com 

Monday, February 6, 2023

JLL’s M&A and Corporate Advisory platform expands with senior investment banker hire focused on lodging and leisure

 

Jeffrey Altman

NEW YORK, NY – Feb. 6, 2023 – JLL Capital Markets announced today that Jeffrey Altman has joined the firm’s M&A and Corporate Advisory platform as a Senior Managing Director based in New York.

 

Altman will join JLL’s 13-banker U.S. M&A team headed by Steve Hentschel, Global Co-Chairman Real Estate Investment Banking, to provide strategic and transactional advice to public and private real estate companies.

 

Steve Hentschel

While he will work across all property sectors Altman will have a particular focus on hospitality given his extensive background in the lodging and leisure industry.

 “Jeff’s hire continues the great momentum we have in M&A with 2022 being a record year. As a firm, we are focused on growing our investment banking capabilities both nationally and globally as our global franchise now has over 40 bankers,” said Hentschel.


“In addition to opportunities advising public REITs, we see an acceleration of private investors investing through real estate operating companies and platforms; we are excited to bring Jeff on board and see tremendous opportunity in the space given the elevated need for complex and creative real estate advisory solutions for many of our clients in this current economic cycle.”


Kevin Davis

“Jeff is a tremendous addition to the team,” said Kevin Davis, Americas CEO, JLL Hotels & Hospitality. “His hiring is a critical component of our strategic growth plan and will enhance our ability to advise clients on platform-level opportunities. I’m excited to partner with Jeff to deliver more value to our clients.”

 

Altman is an experienced investment banker with more than 25 years in real estate advising on more than $100 billion of transactions in that time. He joins JLL from Jeffries, where he was Managing Director and Head of the Lodging and Leisure practice since 2019. Prior to that he held senior positions at Houlihan Lokey and Lazard. 

  

For more news, videos and research resources on JLL, please visit our newsroom.

 

 

 

CONTACT:

 

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

 

jll.com