First National Realty Partners Reaches 100% Occupancy with Three New Leases at Haymarket Village Center in Virginia

 Fred Battisti

 

 Haymarket, VA – First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, announced that Haymarket Village Center in Haymarket, Virginia is 100 percent leased.

 

The finalization of three new lease deals signifies the completion of a major part of the property’s business plan.

 

This milestone comes on the heels of successful lease deals with: Nova Patient Care, a regional urgent care provider, which has secured a 1,600-square-foot space.

Cin Dental, a regional dental operator, signed a lease for a 1,824-square-foot office space.

BeBop, a popular and growing restaurant chain, leased a 1,575-square-foot space, bringing a new and exciting dining option to the center.

 Bret Nesbitt

These additions significantly enhance the tenant mix at the shopping center, introducing new retail concepts and catering to a wide range of customer needs.

“We are thrilled to achieve fully leased status at Haymarket Village Center,” said Fred Battisti, chief revenue officer. “The leases with Nova Patient Care, Cin Dental and BeBop demonstrate the strong demand for well-located retail space in Haymarket.

"These tenants add diversity and value to the center, providing residents with convenient access to essential services and new dining options.”

FNRP's leasing strategy at the center extends beyond new tenants.

The firm has also secured six lease renewals with existing tenants, including Divine Nail Spa, Jersey Mike's Subs, Starbucks, Smoothie King, Sports Clips, and Verizon, further securing the center as a premier shopping destination for the Haymarket Community.

 Haymarket Village Center 

“Our leasing team's expertise in maximizing properties shines through with this strategic mix of acquisitions, renewals and backfills, an approach that ensures long-term success," said Bret Nesbitt, VP of Leasing. 

“Our commitment to proactive asset management and focus on securing high-quality tenants is the cornerstone of our continued efforts at the Haymarket Village Center and across our portfolio.”

FNRP provides accredited investors with access to institutional quality commercial real estate assets specializing in necessity-based real estate: grocery-anchored retail, multifamily, and industrial and sourcing opportunities both on and off-market nationwide.

 

 From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas

 

CONTACT

Jessica Shein

Account Director

jshein@boardroompr.com

C 954-817-9389

O 954-370-8999

Web | Facebook | Instagram | LinkedIn 

 

www.fnrpusa.com.

 

Sperry Commercial Global Affiliates Changes Name to SPERRY

Mark Hinkins

 Irvine, CA – Sperry Commercial Global Affiliates, a leading commercial real estate firm specializing in the investment sales brokerage, leasing brokerage, business brokerage, property management and investment of commercial real estate, is changing its name to SPERRY and introducing a new logo for its U.S. operations.  For the company’s international operations and expansion, it will be named SPERRY Global.

 The new name and logo provide the company with a streamlined opportunity for more recognition, more acceptance, and more business.  It will be rolled out immediately to its affiliates.

 

“The new name reflects not only the industry in which we operate but takes our increasingly competitive and diverse brand and positions us in a more relevant and competitive way,” said Mark Hinkins, CCIM, FRICS, global president at SPERRY.  

“Today we are bigger, bolder, stronger, and better situated within the industry to grow and to be competitive locally, regionally, nationally, and internationally.”

 

Hinkins went on to say “We are aggressively and strategically looking to expand throughout the United States and internationally. Beginning this year, we are launching our master country franchise program in Australia, Vietnam and India and making them available for select countries around the world.  

"SPERRY has the platform, collaboration, technology and culture to attract key brokerage offices and teams to the firm.” 

 

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.” 

 

 

 

KBS Sells Four-Building, 222,750 Square Foot Light Industrial Business Center in Houston, TX

Brooke Petzold

HOUSTON, TX – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces the sale of Clay Crossing Business Center, a four-building, 222,750 square foot light industrial property in Houston, Texas.

 

The disposition emphasizes investors’ appetite for high-quality, value-add commercial properties in major Texas markets, according to Gio Cordoves, regional president, Western U.S., for KBS.

Gio Cordoves

“While the commercial real estate sector is experiencing challenges in the face of changing workplace norms and economic conditions, KBS is seeing investor interest in in key markets throughout Texas, including Houston,” says Cordoves. 

“The state’s business-friendly environment and appealing lifestyle are drawing many companies and individuals from other states, and we believe this trend will continue.”

 

According to JLL, Houston’s 2023 year-over-year job growth of 3.1% marked the third consecutive year of remarkable employment growth for the region. This exceeded the U.S. as a whole at 2.0% and ranked Houston first among the 10 largest U.S. metros.

 

Brett Merz

The property’s location in the premier Northwest submarket of Houston is a preferred submarket which made it appealing to buyers, according to Brett Merz, asset manager for Clay Crossing and senior vice president at KBS.

 

“Clay Crossing is in a highly accessible location that is insulated from future supply, close to Houston’s most desirable thoroughfares,” says Merz. “KBS’ commitment to quality and long-term value preservation, was reflected in the way we meticulously maintained this property for the past 18 years, making it a coveted business park in the heart of Houston’s population center.”

Trent Agnew

Built between 2000 and 2002, Clay Crossing features 16-foot to 20-foot accessible industrial buildings and office suites. 

The property has a diverse range of suite configurations featuring four rear-load buildings and suite sizes ranging from 3,105 square feet to 44,8883 square feet. 

A total of 39% of the property’s suites are below 20,000 square feet, catering to the market’s growing tenancy base.

 

“We were looking to acquire an industrial product with value-add opportunity upside via future lease-up, and Clay Crossing fit the bill,” says Hal Pontez, owner  of HPI. “We recognized an immediate opportunity to provide ready-made suites to an un

derserved tenant base in Houston’s urban infill light industrial market.”

Charles Strauss

Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented KBS in the sales transaction.

 

“During KBS’ 18-year ownership, the property benefitted from KBS’ ownership. As an institutional owner KBS paid special attention to maintaining and updating each building while improving the tenant experience,” says Agnew.

 

According to Bruce Fischer, Co-Chair of West Coast Real Estate and Co-Managing Shareholder of the Orange County Office for Greenberg Traurig, which represented KBS as legal counsel in the disposition with the assistance of Shareholder Howard Chu and Paralegal Amanda Kennedy:  

“We were pleased to work with KBS in the sale of Clay Crossing Business Center. Houston, which, along with other major Texas markets, continues to attract both office and industrial users.”

Lance Young

 

 

 

  CONTACT

Alli Stent

PR, Hotels & Hospitality

Capital Markets

Chicago | JLL
M +1 330 329 6750

 

 

JLL Capital Markets brokers $197 million sale of 819,004-square-foot Commerce Way Distribution Center in the Inland Empire

  

Makenna Peter

 LOS ANGELES, CA, AprIL 2, 2024 –  JLL Capital Markets has arranged the $197 million sale of Commerce Way Distribution Center totalling 819,004 square feet in Fontana, California.

Patrick Nally 

JLL represented the seller, Manulife Investment Management on behalf of clients, and procured the buyer, EQT Exeter.

 

Built in 2000, Commerce Way Distribution Center features a cross-dock configuration and 30-foot clear heights. 

The building is located at 13423-13473 Santa Ana Ave in Fontana, CA and strategically benefits from being in the Inland Empire, the largest industrial market nationwide with immediate access to the nation’s most critical supply chain infrastructure and Southern California’s population of over 25 million people.

Mark Detmer

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Patrick Nally and Mark Detmer, Senior Director Evan Moran and Director Makenna Peter.

 

 The JLL Capital Markets Debt Advisory team was led by Executive Managing Director Kevin Mackenzie, Senior Managing Director Brian Torp and Director Samuel Godfrey.

 

The Inland Empire Markets Team was led by Executive Managing Director Mike McCrary and Senior Managing Director Ruben Goodsell. 

 

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

Evan Moran 

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. 

 

Kevin Mackenzie

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.   

 

 CONTACT

Alli Stent

PR, Hotels & Hospitality

Capital Markets

Chicago | JLLM +1 330 329 6750

 

 

CrossMarc Services Finds Prime Location for 5th Nail Lounge and Arranges Long-Term Lease at Haines City’s New Publix-Anchored Shopping Center

Flavia Kanyago

Haines City, FL  --  CrossMarc Services, LLC, one of the Southeast’s fastest growing commercial real estate investment, brokerage and advisory firms, represented 5^th Nail Lounge in a new long-term lease of 2,800 square feet at Shops at the Grove located at the intersection of E. Johnson Avenue (C.R. 580) and Powerline Road in Haines City.

 

CrossMarc Services Vice President of Sales and Leasing Flavia Kanyago located the highly visible space and negotiated the transaction on behalf of the tenant. The listing agent, Monte Mitchell of Forness Properties represented the Landlord Haines Center, LLC. 

 

 Monte Mitchell

The upscale salon with over a dozen other locations throughout the Southeast, will open in Q2 of 2025 when the Publix-anchored shopping center development is completed. 

 

“The Shops at the Grove includes aof 5^th Nail Lounge’s criteria to facilitate the variety of spa treatments and services they provide at their salons,”  Kanyago explained, adding that 5^th Nail Lounge wants to continue expanding in Central Florida.

                                                                      
                       

 

CONTACTS

Flavia Kanyago, Vice President of Sales and Leasing, CrossMarc Services, LLC

407-794-9393 or Fkanyago@crossmarcservices.com

John Crossman, CCIM, CRX, President CrossMarc Services, LLC - 407-794-9393 or jcrossman@crossmarcservices.com

 

Beth Payan, Managing Director, Larry Vershel Communications; 407-461-3781 beth@larryvershel.com