Done Deals

Wednesday, February 8, 2023

Key International and Shaner Hotels Name Craig Barnett General Manager of the 156-Suite SpringHill Suites by Marriott® Jacksonville Beach Oceanfront

Craig Barnett

JACKSONVILLE, FL, Feb. 8, 2023—Key International, a real estate investment and development company, and Shaner Hotels, an award winning, international hotel owner, operator and developer, today announced that Craig Barnett has been named general manager of the 156-suite SpringHill Suites by Marriott® Jacksonville Beach Oceanfront in Fla.

Set to open its doors to guests Spring of 2023, Shaner will operate the hotel on behalf of ownership, Key International.

“With his background opening and operating new hotels, Craig is the ideal candidate to lead the soon-to-open SpringHill Suites Jacksonville Beach Oceanfront,” said Jeff Truhlar, regional vice president of operations, Shaner Hotels.

Jeff Truhlar

“He has a familiarity with both the Marriott system and the Florida hospitality industry, creating a natural fit that will quickly bring the hotel to the forefront of the Jacksonville market.”

With nearly three decades of hospitality experience, Barnett began his career as a guest services manager at the Unition Station Hotel in downtown Nashville, Tenn.

Since then, he has held general manager positions at Marriott properties in Lexington, Ky., Nashville, Tenn., and Tampa, Fla.

Barnett received his associates degree in arts with a hotel/restaurant management concentration from Volunteer State Community College in Gallatin, Tenn.

“We’re delighted to introduce Craig as part of the stellar team at the SpringHill Suites by Marriott Jacksonville Beach,” said Shawn Gracey, executive vice president of hospitality, Key International.

Shawn Gracey

“Craig’s passion for hospitality services is yet another asset that makes this beachfront hotel a standout. We’re thrilled to be approaching the opening date, especially as Jacksonville Beach continues to gain further recognition as one of Florida’s top coastal destinations.”

Contact

Chris Daly

President

DG Public Relations

(703) 864-5553

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.

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/EVP, CHMWarnick; 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: