JLL Capital Markets arranges acquisition of 1 Hampton Road in Exeter, NH. as part of the programmatic joint venture by Sendero Capital and Angelo Gordon

 Mindy Berman

 BOSTON, MA–  JLL Capital Markets advised on the acquisition of 1 Hampton Rd., a medical office campus comprised of two buildings totaling 82,000 square feet in Exeter, New Hampshire.The price was not disclosed.

Brannan Knott

JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition.

The JLL Capital Markets team was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman, Director Anthony Sardo, and Associate Landon Weaver.

 

 The purchase of 1 Hampton Road is the third acquisition as part of the joint venture, which will focus on value-add and core plus outpatient medical office and surgery center assets throughout the Northeast United States – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the U.S.

Anthony Sardo,

The property is 82,000 SF, 92% leased to medical tenants, and anchored by Access Sports Medicine, Seacoast Pathology and Exeter Hospital.

 

  In June, New Hampshire’s attorney general’s office signed off on Exeter Hospital joining Beth Israel Lahey.  The deal has been in the works since June 2022 and it includes a $375 million investment into Exeter Hospital and its affiliates.

 

“We are very excited to announce the acquisition of 1 Hampton Rd and to be a part of the growing community in Exeter, NH, said Ross Negele, Principal, Sendero Capital.

 

 Landon Weaver.

"We see this as an opportunity to partner with Exeter Hospital & Beth Israel Lahey Health, as well as many of the region’s leading healthcare providers, as the premier off-campus outpatient medical facility in the region.”

 

1 Hampton Rd. is located one mile from Exeter Hospital and less than 50 miles from two national airports (Manchester, NH and Boston, MA).

 

The location is easily accessible from NH Route 101, U.S. Interstate 95 and the Amtrak Commuter Rail via the Downeaster.

 

Ross Negele,

Exeter is considered the “crossroads” of the New Hampshire Seacoast. The area has a year-round population of nearly 15,000 residents, with a diverse housing mix and a diverse population, with a combination of seniors, young families and millennials.

Exeter is ideally situated 50 miles north of Boston, Massachusetts, 50 miles south of Portland, Maine, and 30 miles east of Manchester, New Hampshire.

 

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

JLL Capital Markets secures financing for two industrial portfolios across six markets in Florida and North Carolina

 

Melissa Rose

MIAMI, FL – JLL Capital has arranged $18.4 million in financing for the acquisition of two, fully occupied industrial assets located in Jacksonville and Naples, Florida.

 

This financing follows a previous arrangement of $24.4 million in senior financing for a 344,532-square-foot portfolio comprising four properties among five buildings located in Clearwater, Orlando, Pompano Beach, Florida and Burlington, North Carolina, for the partnership.

Michael DiCosimo

JLL represented the partnership between Redfearn Capital and Angelo Gordon in both transactions, which has been active in industrial acquisitions throughout the Southeast as part of their programmatic venture, which has closed on 17 industrial assets to date.

 

 The JLL Capital Markets Debt Advisory team was led by Managing Director Melissa Rose, Director Michael DiCosimo and Analyst Mateo Bolivar.

Mateo Bolivar

The two industrial facilities in Jacksonville and Naples total 241,162 square feet and are fully leased to six tenants, including name-brand presence from Sherwin Williams and FedEx.

 

The assets are well-located within their respective markets. The Jacksonville property features access to I-95 within 1.1 miles, which is the primary north-south artery in the State of Florida and serves the majority of the East Coast.

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

JLL Capital Markets arranges recapitalization of the 425,612-square-foot, well-located MacArthur Park in Irving, TX

  

Erin Lazarus

DALLAS, TX – JLL Capital Markets has arranged the recapitalization of MacArthur Park, a 425,612-square-foot, top-performing retail center located within the DFW metroplex in Irving, Texas.

 

The center is a hybrid, dual grocery-anchored power center with Kroger, Target (Shadow) and other large format retailers, such as Ross, HomeGoods/TJ Maxx and Michaels.

 Megan Babovec 

JLL worked on behalf of the ownership which consisted of funds managed by Goldman Sachs Asset Management, and EDENS, to recapitalize the project. CBRE Investment Management stepped up as a new investor in the venture.

 Barry Brown

The JLL Retail Capital Markets Debt Advisory team was led by Senior Managing Director Barry Brown and Chris Gerard, Director Erin Lazarus and Analysts Megan Babovec and Cole Sutter.

 

 In addition to Kroger and Target (shadow), the 98-percent-leased MacArthur Park is also anchored by HomeGoods / TJ Maxx, Ross, Michaels and Office Depot.

 

Other notable tenants include Bath and Body Works, Victoria’s Secret, T-Mobile, Amy’s Hallmark, James Avery, Mattress Firm, Half Price Books, Ulta Beauty, Jason’s Deli and Sephora. 

 Chris Gerard

Over 88% of MacArthur Park’s income stream is generated from national and institutional-grade credit tenancy, with local businesses comprising of the remaining 12% of overall revenue.

The center boasts an average tenant tenure of 6.2 years, a WALT of 3.3 years and over 5.8 million visits annually, ranking it amongst the top 3% of centers in the U.S.

 

The center is located 7505 N. MacArthur Blvd. and is strategically set within Irving’s high-growth, master-planned urban center, Las Colinas.

 

It is positioned at the intersection of Interstate 635 and President George Bush Turnpike, offering visibility to over 260,000 vehicles per day and over $5.8 billion in consumer spending power within a 10-minute drive.

Cole Sutter

Within a five-mile radius is a daytime population of 348,062 and an average household income of $106,828. MacArthur Park is easily accessible by President George Bush Turnpike, Interstate 635 and Texas State Highway 114, and it is just a 17-minute drive to downtown Dallas.

 

 

CONTACT:

 

 Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

CASA SANT’ANGELO HOSTS ITS GRAND OPENING IN MIRAMAR, FL

 

Juana D. Mejia

 

MIRAMAR, FL – Catholic Health Services (CHS) and Catholic Housing Management (CHM), affiliates of the Archdiocese of Miami, in partnership with Atlantic Pacific Companies (A|P), and in conjunction with funding partners Broward County, First Housing Development Corporation, Florida Housing Finance Corporation, and Wells Fargo, will hold a grand opening for Casa Sant’Angelo on Friday, August 11, 2023.

 

The high-quality affordable housing community is located in Miramar, FL for seniors who are 62 years and older. It is the first development to benefit from the new city code in Miramar that provides Impact Fee Waivers to affordable housing.

 

"We are excited to open our 18th senior housing community in South Florida.  This community brings 113 apartments to independent low-income seniors.  

 

"Thank you to all of our staff, partners, and applicants for their support in ensuring this grand opening came to fruition,"  shares Juana D. Mejia, Vice President of Housing Development & Operations for CHM.

 

The mid-rise building boasts 113 one- and two-bedroom units. 

CONTACT:

 

 Margie Sernik

 Account Manager At Large

JWI PR

MIAMI & NYC

Cell +1.786.200.2516

Margie@JWIpr.com

Facebook, Instagram and Twitter @JWIpr

Hold-Thyssen completes seven-months of sales and leases in Florida totaling 301,407 SF of space valued at $24 million

 

Carol Kinnard 

WINTER PARK - Hold-Thyssen, a full-service commercial property firm based in Winter Park with offices in Clearwater has completed sales and leases for more than 301,407 square feet of space valued at more than $24 million in the first seven months of 2023.

l Robert P. Hold 

Principal Robert P. Hold and leasing agent James Huckeba completed a sale of the 6,600 square foot office building at 671 W. Fairbanks in Winter Park;

Vice President of Investment Services Richard Fisher completed sale of the 26,245 square foot Sprint Data Switch Center on Lake Destiny Drive in Orlando; sale of a long-term ground lease of 4 Acres (174,240 SF) of retail land occupied by ALDI in Albany NY;

Also: Long-term lease renewal of the 0.85 Acre (36,876 SF) Regions Bank site on Kennedy Blvd in Tampa; Lease of 10,504 SF of office space at 55 Thomson Place in Boston; Lease renewal of 3,308 SF of office space occupied by State of Florida’s Regional Counsel at 15500 Lightwave Drive in Clearwater; Lease renewal of Shoe Palace’s 8,130 SF on Collins Ave in S. Miami Beach.

James Huckeba

Carol Kinnard completed a multi-year professional office lease of 1,500 SF for client Turning Point Wellness Center at Ballantrae Professional Center in Lutz, FL; Multi-year retail lease to Hidden Creek Golf Cars for the 1,723 SF building at 6033 US Hwy 19 in New Port Richey, FL;   

Also: Five multi-year retail leases on behalf of the landlord at Ridgewood Square in Port Richey, FL: 2,000 SF leased to Bad Wolf, LLC; 1,000 SF to Ambas Holdings, Inc.; 690 SF to MRC Games; 500 SF to J5 Collectibles; and 144 SF to Compliance Consulting.

Theresa Margaris

Theresa Margaris completed a sale of 3,824 SF of office space at 253 A Pine Ave. N. in Oldsmar; and a multi-year lease of 1,750 SF of professional office space at 13019 W. Linebaugh Ave. in Tampa.

Troy Stevens

Leasing Agent Troy Stevens completed multi-year offices leases for 480 SF and 1,832 SF at 2415 Sandlake in Orlando.

Senior Director Darby Hold completed multi-year leases of 2,311 SF to Timbers Holdings at 1031 W. Morse Blvd. in Winter Park; 1,731 SF to Creative Project Consultants, 1031 W. Morse Blvd. Winter Park; 

Also: 1,054 SF to Deltona Tobacco & Vape at Enterprise Center in Orange City; Eight multi-year office/retail leases at Phillips Place in Southwest Orlando including Heather Childers, DDS1,860 SF;

Also: Pine Creek Partners, 1,116 SF; Herndon Chiropractic Clinic, 861 SF; Woof Gang Bakery, 2,157 SF; Barrios Engineering, 1,778 SF; HZ Plastic Surgery, 2,148 SF; Prosegur Services Group, 1,844 SF; and Prism Systems 2,091 SF.

 Darby Hold

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:

 

Beth Payan,

Larry Vershel Communications Inc.

2433 Lee Road, Winter Park, FL 32789

 407-461-3781 or

 beth@larryvershel.com 

 

JLL Capital Markets heads sales efforts for Mountain Point Medical Center in Lehi, UT

 

 Mindy Berman

LOS ANGELES, CA –  JLL Capital Markets arranged the sale of Mountain Point Medical Center, a Class A medical office building totaling 60,000 square feet in Lehi, Utah, in the Salt Lake City metropolitan area. The price was not disclosed.

 

JLL represented the seller, an affiliate of The Inland Real Estate Group of Companies, Inc., and procured the buyer, an affiliate of Heitman LLC.

Matt DiCesare

 

The JLL Medical Properties Group was led by Senior Managing Director Mindy Berman, Director Matt DiCesare and Director Vasili Davos. Senior Director Phil Brierley and Director Cole Macadaeg of JLL’s Salt Lake City office provided local expertise.

 

Mountain Point Medical Center is a three-story outpatient medical building that is connected to the newly renamed, 40-bed Holy Cross Hospital – Mountain Point, part of Centura Health.

 

 The building is 100% leased by Centura Health through its recent acquisition of Steward Health Care’s ownership interest in its Utah healthcare operations. 

Vasili Davos

Mountain Point Medical Center is occupied by high value medical specialists such as orthopedics, general surgery, radiology, women’s health and ENT.

 

The building is in the high growth area of Salt Lake, 25 miles south of downtown Salt Lake City, directly along Interstate 15 at the interchange with Utah State Road 92. 

Lehi has undergone exceptional growth, including young growing families seeking desirable suburbs with good access to employment throughout the Salt Lake City area.

 

Phil Brierley

The building is surrounded by commercial office buildings and retail and commercial amenities.

 

 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, please visit JLL’s newsroom

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality

 Capital Markets

JLL
M +1 330 329 6750

LL Capital Markets arranges sale of the 28,000-square-foot Uptown Plaza in Houston, TX

  

J

 

 Erin Lazarus

HOUSTON, TX – JLL Capital Markets has closed the sale of Uptown Plaza, a 28,000-square-foot neighborhood strip retail center located in the prime retail corridor of Houston, Texas.

 

Ryan West

JLL represented the seller in the transaction. Pine Ridge Real Estate acquired the asset in an all-cash transaction. The price was not disclosed.

 The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Ryan West, Senior Director John Indelli and Director Erin Lazarus.

 

Developed in 2002, the 100-percent-leased Uptown Plaza is currently occupied by CVS, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto.

John Indelli 

The property features an average tenure of over 12 years and a weighted average remaining lease term of three years.

 

 

CONTACT:

 

 Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com