Frank Carriera, Joe Thavis and Will Gryboski join JLL Capital Markets’ multi-housing ISA team in Tampa, FL

Bridgette Elias

TAMPA, FL, Jan. 10, 2024 –  JLL Capital Markets announced today that Senior Managing Director Frank Carriera, Senior Director Joe Thavis, Director Will Gryboski, Vice President Steven Garitty, Senior Production Associates Madison Manuel and Vicki McDougal and Production Associate Bridgette Elias have joined the firm’s Tampa multi-housing investment sales advisory team, demonstrating the firm’s ongoing dedication to bolstering its Southeast multi-housing presence.

 

Madison Manuel

Prior to joining JLL, the team was previously with CBRE under Carriera’s leadership as Executive Vice President. Carriera and his team specialized in multi-housing investment sales across the Tampa Bay Area, Central Florida and West Florida markets, and over the past five years at CBRE, they have executed almost $4 billion in transactions.

Elizabeth Pippin

The hiring of this group comes after a string of announcements over the past nine months from JLL Capital Markets on multi-housing investment sales advisory new hires and personnel moves within the Southeast.

Niki Dewberry

Joe Ayers, Cliff Taylor, Ryan Hixon, Tucker Brooks, Mike Scott and Elizabeth Pippin joined the Jacksonville team from CBRE in November 2023; Niki Dewberry joined the Carolinas office from Eastdil Secured in October 2023;  Nick Lavin moved from the Los Angeles office to the South Florida office in November 2023; Peter Yorck transitioned to the Atlanta office from Los Angeles in October 2023; and Directors Kyle Butler and Ted Taylor moved to the Orlando office in March 2023.

Melissa Quinn 

Multi-housing investment sales volume in the Southeast markets skyrocketed from 2015-2017 to 2021-2022, greatly outpacing the U.S. as a whole.

Matthew Lawton

According to JLL research, South Florida’s average annual investment volume increased 178.7% in those 5 years, while Atlanta's average volume increased 132.9% and the Carolinas' increased 196.8%.

 

This is compared to a 108.6% increase in average annual investment sales volume in the overall U.S.

 

“We are ecstatic about the addition of Frank and his team in Tampa as we have rounded out our Florida multi-housing efforts with recent additions in Jacksonville, Orlando and South Florida,” said Executive Managing Director and Investment Sales Advisory Platform Leader, Matthew Lawton. 

Frank Carriera

“The recent moves in both our Atlanta and Carolinas markets further attest to our commitment to the greater Southeast, which has proven to have the largest trading volume markets in the country.”

 

The new Tampa team members will work alongside the existing Tampa multi-housing investment sales advisory team, including Managing Director Zach Nolan and Director Drew Jennewein, and they will report to Senior Managing Directors Melissa Quinn and Lee Weaver, who serve as the North-Central Florida leads for JLL Capital Markets.

 

They will also work closely with their North-Central Florida counterparts in Orlando and Jacksonville to support the firm’s efforts in offering a unified North-Central Florida multi-housing investment sales advisory team.

Lee Weaver

“Frank and Joe lead a best-in-class multi-housing advisory team, and their character and attitude embody the values and principles of One JLL. Collaboration and alignment across teams are key in achieving our aspirations and serving both our clients and the state of Florida,” said Weaver.

 

“My team and I are overwhelmed with excitement to be a part of the JLL national team.

 

"The amount of collaboration and support the platform offers locally and nationally is unprecedented in the industry,” said Carriera.

 

“The firm’s culture aligns with my team, and we share the same vision for the state. 

Nick Lavin

 "We look forward to working with Matthew Lawton and JLL Florida to provide our clients an all-encompassing resource for the multi-housing industry.”

 

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.

Peter Yorck

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:

 

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

 

Chatham Lodging Trust Announces Sale of 180-room Hilton Garden Inn Denver Tech Center for $18 million

SOLD:  Hilton Garden Inn Denver Tech Center went for $18 million

 

WEST PALM BEACH, FL, Jan. 10, 2024 —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced the closing of the sale of the 180-room Hilton Garden Inn Denver Tech Center for approximately $18 million.

 

An approximate $6 million renovation of the hotel was planned for 2023 but was not completed due to the pending sale. Proceeds from the sale of the hotel will be used for corporate investments and to repay debt.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 38 hotels with 5,735 rooms/suites in 16 states and the District of Columbia.

 

 

CONTACTS:

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

Dennis Craven (Company)                                      

Chief Operating Officer                                               

(561) 227-1386    

 

chathamlodgingtrust.com.

 

Constellation Real Estate Partners acquires 26 acres in Houston, TX to develop a 537,375 SF speculative industrial project

 J.W. Fields

 HOUSTON, TX, Jan. 10, 2024 — Constellation Real Estate Partners, an investor and developer of logistics properties, announced today it has acquired 25.8 acres of land located at 6401 North Eldridge Parkway in Houston’s Northwest submarket. 

 The price was not disclosed. Faron Wiley, Senior Vice President, and Joseph Smith, Senior Vice President, with CBRE’s Houston office have been appointed as the leasing agents for the project. 

 

The company will demolish an existing administrative building to develop Constellation Eldridge, a Class A 537,375-square-foot warehouse. Construction will begin in the first quarter of 2024 with completion scheduled for the fourth quarter of 2024.

Faron Wiley

Designed by Seeberger Architecture, Constellation Eldridge will feature a 40-foot clear height, 56-foot column spacing, 560-foot building depth, 127 trailer parking spaces, truck circulation drives, and an ESFR sprinkler system.

“The Northwest Houston industrial market continues to see strong tenant demand with the ongoing residential real estate and labor expansion on the west side of Houston,” said J.W. Fields, Partner at Constellation Real Estate Partners. 

 “We are confident that Constellation Eldridge’s infill location will appeal to a diverse group of customers.”

Joseph Smith

Constellation Eldridge is located in the heart of Houston’s Northwest submarket, a preferred location for large sized distribution, e-commerce, and logistics users serving the greater Houston MSA. The site is accessible via North Eldridge Parkway and is only three miles from U.S. 290 and Beltway 8.

 

About Constellation Real Estate Partners

 

Founded by Jeremy Giles and Hien Le, Constellation Real Estate Partners is a premier commercial real estate firm specializing in the investment and development of logistics properties throughout Southeastern and Southwestern United States. 

Jeremy Giles

The company focuses on three core competencies: speculative development, build-to-suit development, and value-add acquisitions.

 

 Established in 2021, Constellation Real Estate Partners has rapidly emerged as a stable and thriving player in the industry, backed by a team rich in capabilities and expertise.  

Its principals have over 125 years of combined experience, have invested over $25 billion in industrial real estate, and developed over 100 million square feet. 

Hien Le

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

           

www.constellationrep.co

 

Hold Thyssen Team Fills Large Vacancy at Sand Lake Tech Center in Orlando, FL, Boosting Occupancy to 100 Percent

Vik Mahadeo

ORLANDO, FL -- Hold Thyssen, Inc., a full service commercial property firm based in Winter Park, recently completed a multi-year lease agreement at Sand Lake Tech Center, 2411-2415 W. Sand Lake Rd. in Orlando, FL.

 

 The new lease boosted occupancy of the center to 100 percent and topped off their leasing at the center at more than 12,000 square feet of office space valued at more than $400,000 for the year.

 

The Hold-Thyssen leasing team of Vik Mahadeo and Troy Stephens brokered the newest lease for 1,950 square feet – one of the property’s largest vacancies – on behalf of Landlord Prive Sandlake LLC.   The new tenant, PHP Agency, Inc., is a national financial services marketing company.

Troy Stephens

Other 2023 lease agreements with growing firms in southwest Orlando that were completed by Mahadeo and Stephens at Sand Lake Tech Center  include: 2,161 square feet to AFL Construction; 1,582 square feet Kaizen Capital Group; 1140 square feet Boundless Energy; 950 square feet to MIT Freight; 925 square feet to Day & Age Tax; 800 Luis Morrone; 700 Home Health Hearts; 670 Sleep Management; 669 M&J Florida Enterprises and 480 square feet to Lakeside Medical.   

 

Contacts:

           

Anthony Fisher, Vice President, Hold Thyssen Inc.,

 407-691-0505, afisher@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

 

 

Blake Rodgers and Pasha Johnson partner to launch Steel Peak investment firm focused on industrial outdoor storage (IOS)

Blake Rodgers

SAN DIEGO, CA, Jan. 9, 2024 —Blake Rodgers and Pasha Johnson announced today they have launched Steel Peak, a specialized commercial real estate investment firm, with a focus on the growing niche of industrial outdoor storage (IOS) properties.

IOS properties are within a sub-segment of the Industrial asset class that serve the needs of the transportation, logistics, and construction sectors.

 

 IOS sites are categorized as having less than 20% building coverage and are zoned for industrial uses that allow the outdoor storage of vehicles, products, construction equipment and materials, or containers.

Steel Peak will seek to acquire IOS properties throughout Southern California with capitalized values ranging from $5 million to $50 million. The firm invests directly and in partnership with institutional investors and high net-worth investors.

Pasha Johnson 

“Over the past few years, we’ve seen an increase in demand for IOS properties from national tenants that are competing to identify sites in an extremely supply constrained market,” said Rodgers, Steel Peak Principal and Co-Founder

“Our experience collaborating with major IOS tenants has provided us with in-depth knowledge of their requirements. This positions us to identify properties tailored to their specific needs, often securing opportunities that would typically remain off-market. Our strategies span value-add, re-leasing, sale lease-back, and built-to-suits among others.”

Steel Peak Properties Principal and Co-Founder Pasha Johnson said “Generally, when LP equity partners love an asset class and most lenders still hate it, there is a window of opportunity. We will target a wide range of IOS sites including contractor yards, equipment rental facilities, maintenance facilities, trailer yards, truck terminals, and fleet storage facilities.”

IOS facilities serve as the backbone of the U.S. Supply Chain and are mission critical for the companies that need outdoor storage to operate their businesses. It is estimated that the highly fragmented IOS market is a $200-billion asset class within the United States.

  

 

CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.steelpeakproperties.com

 

Premium Condo Space for Exotic Cars and Recreational Vehicles Coming to Leesburg, FL

  

Michael (Mickey) Blackton

LEESBURG, FL – A new condo project is planned for a local industrial park. But, instead of humans, the dwellers at Apex Auto and RV Vault will be more on the sleek and shiny side.

Located at County Road 468 and Main Street, the Apex Auto and RV Vault will offer classic car aficionados a luxury home for their prized two-, three- and four-wheel vehicles and RVs, according to Orlando businessman Michael “Mickey” Blackton.

“We’re building 17 premium garage condo units that measure 50 by 25 feet with climate controlled, customizable motor garages that are being designed to hold motor homes or up to five cars,” Blackton said. “A lot of people have or would like to have exotic cars and motorhomes, but have no safe place to keep them.”

The Apex Auto and RV Vault venture is designed with those owners in mind, he said. Each of the 1,200-square-foot units will be 20 feet tall with 14- by 14-foot rollup doors on one side of the building.

The other side – which is designed for large motor homes – will have 16- by 14-foot roll up doors. The units, which will be built to withstand Category 4 storms, will include a restroom with shower, and an optional mezzanine.  

The facility will also have a 50- by 50-square-foot clubhouse designed for use by the Vault’s private owners club and monthly events, he said.

The general contractor for the job is Matthew Hanna Construction of Leesburg.

Blackton, the CEO of a family-owned building supply company, said ground will be broken for the project after 50 percent of the condos are sold, which he expects will be during the second quarter of 2024.

 

CONTACTS:

 Mickey Blackton, CEO Blackton Inc.,

 407-898-2661

or micky@blacktoninc.com

 

Beth Payan, Larry Vershel Communications,

 407-461-3781

or beth@larryvershel.com

https://www.apexautoandrvvault.com

Akrete names Nicole Stenclik as its first president

 

Nicole Stenclik

CHICAGO, IL, Jan 9, 2024 – Akrete, an award-winning, national public relations, content development and marketing firm, announced the appointment of Boston-based Nicole Stenclik to the newly created role of president, effective Jan. 1.

 

Ushering in a new era for Akrete, Stenclik will work closely with founder and CEO Margy Sweeney to lead the agency.

 

Her role will focus on delivering exceptional client service across the portfolio, managing Akrete’s team of 30 professionals from coast to coast, achieving excellence in daily operations and forging new client partnerships in the firm’s focus industries of financial services, commercial real estate, cannabis and professional services.

 

Margy Sweeney

Stenclik, 38, has been a member of Akrete’s leadership for six years as both a vice president and managing consultant. Most recently, she has led the firm’s work for clients such as JLL, Steelcase, BGO, Unispace, and Kingbird Investment Management.

Before joining Akrete, she served in client leadership roles and supported the management of the Boston office of global public relations firm Text100 (now Archetype); led national public relations at healthcare IT startup Imprivata; and served in various client service roles at BlissPR in New York City (now The Bliss Group).

 

 

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”