Regency Centers Announces Whole Foods Market Anchored Development in Central Connecticut

Rebecca Wing

 CHESHIRE, CT (GLOBE NEWSWIRE) -- Regency Centers has acquired the land on which it plans to develop Cheshire Crossing, a 152,000-square foot shopping center anchored by Whole Foods Market in Cheshire, CT.

This destination will be the retail component of a master-planned community known as Stone Bridge Crossing. Upon completion, Stone Bridge Crossing will include 140 townhomes and carriage houses, 300 multi-family units, and a 125-room Homewood Suites hotel in addition to the shopping center.

File photo of existing Whole Foods Market building

Located at the intersection of CT-10 and I-691, the major thoroughfare arteries for the region, Cheshire Crossing is uniquely situated to serve Cheshire and a cluster of nearby towns with a lineup of retailers new to the area.

Whole Foods Market will be joined by a 23,000 square-foot TJMaxx, an additional 18,000-square feet of junior anchor space, five outparcels, and 38,000-square feet of inline shops. 

File photo of existing TJ Maxx building

“Cheshire Crossing is a great example of how Regency is remaining active in the region, and how we can leverage our experience and retailer relationships to develop best-in-class shopping centers from the ground up,” said Rebecca Wing, Vice President of Investments for Regency Centers.

 “We have a long history and working relationship with Whole Foods Market, and we look forward to demonstrating continued success as long-term stewards of this shopping center.” 

 

CONTACT:

Eric Davidson
904 598 7829
EricDavidson@RegencyCenters.com

rebeccawing@regencycenters.com.

RegencyCenters.com.

 

 

NewMark Merrill Companies’ Ross Carpenter Selected as CoStar Q4 2023 Retail Leasing Power Broker For Both the Denver and Colorado Springs Markets

 

Ross Carpenter

Calabasas, CA. (Feb. 23, 2024) – NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner, development and management company, announced that that Ross Carpenter has been selected as a recipient of the 2023 Q4 CoStar Power Broker Awards for retail leasing in both the Metro Denver and Colorado Springs markets.

 In Q4 of 2023 Carpenter, Director of Leasing for NewMark Merrill Company’s Mountain States Division, won the award for the top retail lease in Metro Denver after securing a 36,216-square-foot deal with LAVA Island at Englewood Marketplace, a 98,228-square-foot retail center near W Hampden Ave. & S Broadway Blvd. 

Englewood Marketplacea, Denver, CO

Additionally, he also won the quarterly award for the Colorado Springs market with a 24,629-square lease with Burlington at Citadel Crossing, a 488,494-square-foot retail center at the Northeast corner of North Academy Blvd. and East Platte Ave.

 

“Ross is a great example of what it takes to be successful in the retail ownership business. He is creative, hard working, passionate and detailed.  He doesn’t only care about the deal, he cares about the people and businesses behind the deal,” said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. 

Sandy Sigal

“It is always nice to be recognized by your peers and achieve these kinds of awards and it is an honor. But Ross and those who support him win awards every day from the people who benefit from coming into our centers and achieving the American Dream.”

 

 

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.”

Five-building, shallow-bay industrial portfolio trades near Cincinnati, OH

SOLD: five-building industrial portfolio
 totaling 278,000 square feet
 in West Chester, OH. 

  

John Huguenard

   CHICAGO, IL –  JLL Capital Markets arranged the sale of a five-building industrial portfolio totaling 278,000 square feet in West Chester, Ohio. The price was not disclosed.

JLL represented the seller and procured the buyer in this transaction.

 

• The JLL Capital Markets team was led by Industrial Group Co-leader and Senior Managing Director John Huguenard, Senior Managing Director Sean Devaney and Senior Director Ross Bratcher. Leasing expertise was led by Senior Managing Director Mark Volkman and financing support was provided by Senior Managing Director Ken Martin and Senior Director Brian Walsh.
• 
  

• 

  Sean Devaney
  
  

• This high-performing, shallow-bay portfolio is 97.1 percent leased to 33 tenants. 
• 
  
• With an average tenant tenure of 11 years, the portfolio’s leasing success is a testament to its modern design, flexible layouts and desirable location in Cincinnati. 
• 
  
• The buildings can be found at the following addresses:
•  
• Building 1- 9774-9792 Windisch Rd.
• Building 2- 9808-9830 Windisch Rd.
• Building 3- 9842-9866 Windisch Rd.
• Building 4- 9872-9898 Windisch Rd.
• Building 5- 9902-9922 Windisch Rd.
• Developable land- 9930-9960 Windisch Rd

 

Ross Bratcher

The portfolio is positioned with immediate access to I-75, a major North-South arterial that connects users to downtown Cincinnati and its major transportation infrastructure including the Cincinnati/Northern Kentucky International Airport (CVG), I-275, I-71 and I-74.

 Additionally, the portfolio’s location in the densely populated region North of downtown Cincinnati provides the best access to labor and rooftops in the market.

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.

Mark Volkman

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.

 

 About JLL  

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. 

Ken Martin

A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise. 

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.   

 

Brian Walsh

CONTACT;

 

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

jll.com.

JLL Capital Markets arranges $5.5 million refinancing for the 24-unit Alvarado Apartments and the 42-unit Temple Apartments in Los Angeles, CA

  

Anson Snyder

LOS ANGELES, CA – JLL Capital Markets has arranged the $5.5 million permanent, non-LIHTC Forward financing for Alvarado Apartments and Temple Apartments, two affordable housing communities targeting extremely low-income residents and individuals experiencing homelessness in Los Angeles, California.

 

JLL worked on behalf of the borrower, Brilliant Corners, to secure the 15-year loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo℠ lender.

 

The 24-unit Alvarado Apartments is located at 916 N. Alvarado St., and the 42-unit Temple Apartments sits at 2812 W. Temple St. The sites are intersected by I-101 and are 1.1 miles apart from each other. Floorplans include studios, one- and two-bedroom units.

 

Of the 66 total units, 25 units will be reserved for chronically homeless seniors, 39 units will be at 30% AMI, and two units will be reserved for full-time on-site building managers.

Alvarado Apartments, a 24-unit property located
 at 916 North Alvarado Street, Los Angeles, CA

59 of the units will receive Housing Assistance Payments (HAP)/Project Based Vouchers (PBV) for residents earning no greater than 30% of AMI for a 20-year term provided through the Housing Authority of the City of Los Angeles (“HACLA”).

 

The JLL Capital Markets Debt Advisory team was led by Senior Director Anson Snyder.

 

Snyder said “Alvarado / Temple is a ‘Project Homekey’ development targeting public investment to assist those persons experiencing chronic homelessness.

 

''Brilliant Corners is an exceptional developer, owner, and operator that offers a home with comprehensive resident services. This property will serve many Angelenos over many years. JLL is proud to participate in impactful communities.”

Peter Lillestolen

“Freddie Mac’s Non-LIHTC Forward financing helps preserve and create affordable housing, advancing our mission and making home possible for individuals and families," said Peter Lillestolen, Vice President, Production and Sales, Targeted Affordable Housing at Freddie Mac Multifamily.

 

"We are proud to offer this flexible transaction structuring that provides certainty of execution at lower costs to the borrower. In a high interest rate environment, this makes a significant impact, allowing borrowers to take interest rate risk off the table prior to construction completion."

Temple Apartments, 2812 West Temple Street,
 Los Angeles, CA

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. 

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

 

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

 CONTACT;

 Jenna Sharp

JLL, Public Relations,

 Capital Markets

Dallas, TX

M +1 214 394 3356

 

Lee & Associates South Florida Welcomes Ben Key as Principal

Ben Key

MIAMI, FL – Lee & Associates South Florida strengthened its market-leading team of talented commercial real estate brokers with the addition of Ben Key as Principal.

 

Operating out of the firm’s Miami and Deerfield Beach offices, Key brings a diversified 20-year background in various components of real estate brokerage and management.

 

Key specializes in retail and industrial value-add, leasing, acquisitions, dispositions and property management. He has expertise in the transformation of underperforming properties and excels at tenant relations.

 

Prior to joining Lee & Associates South Florida, Key was the Founder and Principal of BKRE, LLC, where he honed a unique approach to property management and turnaround strategies. Starting in Houston in 1999, the company expanded to Florida a decade later.

 

Key’s past experience also included roles as Broker Associate with Indermuele & Co. and Republic Central Realty.

Matthew Rotolante

“Ben Key has a highly impressive track record in Texas and Florida,” Lee & Associates South Florida President Matthew Rotolante said.

 

“His creativity and experience across multiple commercial real estate sectors will enhance our growing South Florida-based team. Ben’s history with value-add and troubled assets will especially come in handy in the current market environment.”

 

Key is a member of ICSC and received a certification in commercial leasing from the prominent industry organization. He earned his bachelor's degree in Business Administration & Management from Texas State University.

 

 

 

CONTACTS:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

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