Monday, January 15, 2024

Ware Malcomb Begins Work on New KeHE Distributors Location in Elkton, FL

Michael Cody
 

ELKTON, FL – Ware Malcomb, an award-winning international design firm, announced the beginning of work on a new office and distribution facility for KeHE Distributors®, located in Elkton, FL.

 

Ware Malcomb’s Oak Brook, IL office is providing architecture, interior design, and branding services for the 530,474 square foot build-to-suit project.


KeHE Distributors, LLC (KeHE) is the largest distributor of natural & organic, specialty, and fresh products to more than 31,000 natural food stores, chain and independent grocery stores, e-commerce retailers, and other specialty products retailers throughout North America.

With over 6,800 employee-owners, KeHE, a Certified B Corporation, drives its mission of serving to make lives better, throughout all aspects of its operation.




The project consists of a two-story executive office suite encompassing approximately 30,000 square feet, along with nearly 500,000 square feet of warehouse and distribution uses. The new facility will replace one of the company’s older buildings located across the street. 

“We are proud to continue our strong partnership with KeHE,” said Michael Cody, Director, Industrial Cold & Food for Ware Malcomb. “This location will serve our client to support their growth nationwide.” 

Project construction has commenced, and completion is expected in 2025.

 

CONTACTS:

 

Rachel Devany

VP Public Relations,

 KCOMM for Ware Malcomb


Maria Rodgers, Director,

 PR & Communications, 949.660.9128, 

mrodgers@waremalcomb.com

 

Sean Boswell, PR Associate, 949.660.9128,

 sboswell@waremalcomb.com

 

 

Sunday, January 14, 2024

Excelitas Technologies Corp. Invests $2.3 Million in New Pittsburgh HQ

 

Gov. Josh Shapiro
(Photo courtesy of Wikipedia)

HARRISBURG, PA – Excelitas Technologies Corp., a leader in photonics technology, has chosen Pennsylvania as the new home, a $2.3 million investment, creating at least 250 jobs in Pittsburgh over the next four years.

Currently located in Waltham, Massachusetts, Excelitas has committed to a 12-year lease for up to 50,000-square-feet of space in Pittsburgh’s Strip District neighborhood.

Pittsburgh’s Strip District neighborhood
(Photo courtesy of Pittsburgh Visitor Guide)

Pittsburgh’s Strip District has transformed from its historical roots as a center of manufacturing and warehousing into an epicenter of innovation centered around tech and innovation, which includes robotics/autonomy.

 Pittsburgh is home to nearly 1,800 technology firms, including 100+ robotics companies.

“For the past year, I’ve been telling the world that Pennsylvania is open for business ― and Excelitas clearly agrees,” said Pennsylvania Governor Josh Shapiro.

“Excelitas is a leading player in a growing field, and its presence in Pittsburgh will not only create jobs and real opportunity for Pennsylvanians but also send a clear signal that Western Pennsylvania is a national hub for life sciences, advanced manufacturing, and more.”

Since January 2023, Governor Shapiro has announced more than $1.2 billion in new private-sector investment in Pennsylvania as a direct result of his Administration’s work.

Ron Keating

“The Pittsburgh region has developed a significant high-technology presence, combined with a strong work ethic and an engaged state and local leadership who understand the value of job creation,” said Ron Keating, Excelitas Technologies CEO.

“These factors provided attractive competitive differentiators when we undertook our site selection process. We would like to thank Governor Shapiro and his Administration for their strong and compelling support.”

CONTACT:

 

Claudia Velasquez 

:claudia@violetpr.com

 

 

Lee & Associates South Florida Promotes Key Industrial Team Member Michael Avendano as Senior Vice President

Michael Avendano 
  

MIAMI, FL– Lee & Associates South Florida promoted a pivotal member of its team of industrial real estate specialists, with Michael Avendano becoming a Senior Vice President with the firm. Based in Miami, both Avendano was previously Vice President. 

Avendano joined Lee & Associates South Florida in 2020, following two years with Beacon Commercial Realty. He specializes in industrial sales and leasing.

 Matthew Rotolante

“Michael is a rising star with our brokerage,” Lee & Associates South Florida President Matthew Rotolante said. “He earned this promotion through his tremendous production and the example he sets for the rest of our team. I am excited to support his continued growth as Senior Vice President.” 

Notable recent deals brokered by Avendano include: 

Prologis Beacon Industrial Park 

  • Representing a pharmaceutical company in a 12,800-square-foot industrial lease within Prologis Beacon Industrial Park 
  • Completing a long-term lease for a 27,450-square-foot build-to-suit warehouse in Tampa on behalf of Ontario, Canada-based Plan IT Packaging Systems 
  • Representing the seller (along with Rotolante) in the $4.39 million sale of a commercial assemblage in Miami’s Wynwood neighborhood 

Avendano is a member of the Commercial Industrial Association of South Florida (CIASF). He received a bachelor's degree from Florida International University. A Miami native, Avendano is bilingual (English and Spanish). 

 

 CONTACT:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn | Twitter 

 

lee-associates.com 

 leesouthflorida.com or follow us on FacebookLinkedInTwitter and Instagram, our company local news. 

 

JLL Capital Markets arranges $38.5 million sale of Milpa & Wesley industrial Center in Miami, FL

Taylor Osborne 

  MIAMI, FL – JLL Capital Markets has arranged the $38.5 million sale of Milpa & Wesley Center, a 182,575-square-foot infill, shallow bay industrial portfolio in Miami, FL

 JLL represented the seller, Cofe Properties, LLC, and procured the buyer, Miami Palmetto Property, LLC, an entity co-sponsored by East Capital Partners and ABR Capital Partners’ GP Investment Program.


Aaliyah St. Louis

The JLL Capital Markets team was led by Managing Director Luis Castillo, Senior Director Cody Brais, Director Wells Waller, and Analysts Taylor Osborne and Aaliyah St. Louis.


Luis Castillo
The six-building portfolio is located at 6801-7500 NW 77th Ave. and boasts a high occupancy rate of 91%. The front-load industrial buildings feature clear heights ranging from 17 to 19 feet, providing ample vertical space.

 

The presence of 12 dock-high and 101 grade-level doors enhances the property's logistics capabilities. Additionally, the property offers ample parking for tenants and visitors with 275 dedicated spaces.

 

The Miami-Dade market has proven to be a safe haven for investment assets. Limited land supply, sustained demand and low vacancies have allowed landlords to maintain strong rental rates.

 

 The robust tenant demand has also given developers confidence, as over nine million square feet of new space delivered in 2021 and 2022 is already occupied at an impressive rate of over 98%.


 Cody Brais
“We are excited to announce the successful closing of this off-market industrial sale in the heart of Miami, Florida," said Cody. 


"This transaction is testament to the continued demand by investors for well-located shallow bay industrial that we are experiencing throughout Florida and the strong property level performance within the shallow bay property vertical.” said Cody.

 

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 Stent

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

jll.com. 

abrcapital.com.

https://eastcp.com.

 

Saturday, January 13, 2024

JLL Capital Markets leads $179,541 refinancing efforts for large portfolio on behalf of Brookdale Senior Living in Dallas, TX

Allison Holland
 

DALLAS, TX – JLL Capital Markets has closed a seven-year, fixed rate loan for $179,541,000 with Fannie Mae on behalf of Brookdale Senior Living.  


Proceeds were used to refinance a seven-year tranche of a large credit facility that Brookdale closed with JLL and Fannie Mae in 2017. The collateral consists of 47 total properties and 5,102 units that are geographically diversified among 14 states.  


Alex Sheaffer
Brookdale is a repeat client of JLL and Fannie Mae and the largest seniors housing operator in the U.S.

 

The JLL Capital Markets team was led by Allison Holland and Alex Sheaffer.


JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 


Brookdale Senior Living, Dallas, TX

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 Stent,

 Public Relations, Associate 

Phone: +1 330 329 6750  

Email: Alli.Semans@jll.com 

jll.com



Friday, January 12, 2024

llustrated Properties Adds Top-Producing Team in Stuart, FL

 

Jason Flannery

Palm Beach, FL and Stuart, FL – Illustrated Properties (IPRE) significantly strengthened its presence on the Treasure Coast with the arrival of the Flannery Team, led by top-producing associate Jason Flannery, and the formation of a new office in downtown Stuart. The Flannery Team generates $100 million in annual volume.

 Stacey Hetherington

The Flannery Team is comprised of Tim Lloyd, Kevin Thomas, Shannon Dougherty, Coleton Funk, Matthew Right, Pat Dolan, Stormi Apostolopoulos, Stacey Hetherington, Amy Hayden, Amanda Portilla and Kaylin Thomas (team administrator).

Amy Hayden

Prior to joining IPRE, the Flannery Team was affiliated with RE/MAX of Stuart. The team’s agents are frequently relied on by sellers and buyers of seven-figure properties in the Treasure Coast region.

Amanda Portilla

It has been ranked locally as the No. 1 team of producers the past five years, as high as No. 3 in the State of Florida, and No. 14 in the nation with RE/MAX.

Tim Lloyd

We are thrilled to welcome the Flannery Team to the IPRE family," said Daniel Dennis, President of IPRE. "Jason Flannery and his colleagues are best-in-class,  and share our client-first approach and passion for the communities we operate in. The team bolsters our Martin County presence and positions it for further growth in 2024 and beyond.”

 The majority of the team’s agents are second, third, and even fourth-generation Floridians, operating with the mantra “Why hire an individual Realtor when you can hire the Flannery Team of Realtors?”

 

Kevin Thomas
“We were attracted to IPRE’s strong culture, resources and unmatched reputation as a luxury market leader,” Flannery said.


“Demand for high-end homes in the Treasure Coast region is at an all-time high, and our team is well-positioned to accommodate that demand. There is no limit to what we can accomplish at IPRE.”

 

IPRE’s NEW office is located in

 downtown Stuart at 320 SW Ocean Blvd, Stuart Fl 34994

 

 

 CONTACTS:

 

Eric Kalis and Daniel Benjamin,

Shannon Dougherty
 BoardroomPR

ekalis@boardroompr.com

dbenjamin@boardroompr.com

954-370-8999

 

Jason Flannery

Illustrated Properties

561-762-3272

Daniel Dennis
 jasonflannery1@gmail.com

 

Daniel Dennis, President

 Illustrated Properties

251-604-7687

 ddennis@ipre.com