LL Capital Markets completeS $22 million sale of Ridge Plaza, a highly trafficked shopping center in the Fort Lauderdale, FL MSA

 

Kim Flores.

MIAMI, FL –  JLL Capital Markets has arranged the $22.25 million sale of Ridge Plaza, a 138,554-square-foot regional shopping center located in Davie, Florida.

Danny Finkle

JLL represented the seller, Continental Realty Corporation, and an affiliate of JBL Asset Management acquired the asset.

 Situated on a 13.52 acre site, Ridge Plaza is currently 98.6% occupied to a diverse tenant roster covering food & beverage, service, discount shops and entertainment uses led by Paragon Theaters, Goodwill, and Off The Wall among others.

 

Nestled at 9000-9200 W State Rd. 84, Ridge Plaza enjoys a prime, highly trafficked location with prominent frontage along I-595 and State Road 84 within a 15-minute drive of over 640,000 residents with an average annual household income of +$100,000.

 

Eric Williams

The town of Davie is located just southwest of Fort Lauderdale and serves as Broward County’s nexus of higher education as the home of the South Florida Educational Center, Nova Southeastern University, Broward College, Florida Atlantic University and the University of Florida’s Fort Lauderdale Research and Education Center.

 

JLL Capital Market’s Sale and Investment Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President Kim Flores.

Jorge Portela

“Infill retail centers in South Florida continue to attract outstanding investor demand,” Williams said. “Ridge Plaza represented the opportunity to acquire a well-located center on a prime +13-acre site with established tenancy, a secure revenue stream and substantial embedded value enhancement potential.”

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.

Ridge Plaza shopping center, Davie, FL

 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:

 

Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets 1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877

us.jll.com/capitalmarkets Jones Lang LaSalle Americas, Inc. a licensed real estate brokerage company. ​CA RE license #01223413

 

www.crcrealty.com   

 

Lee & Associates South Florida Promotes Christian Baena to Senior Vice President

Christian Baena 

 

 MIAMI, FL – Lee & Associates South Florida has promoted

Christian Baena to Senior Vice President. Based in Miami, Baena is a key member of the industrial sales and leasing team, working in close collaboration with Principal Greg Milopoulos. Previously serving as Vice President, Baena has rapidly distinguished himself as a leader within the firm.

 

Since joining Lee & Associates South Florida in March 2023, Baena and Milopoulos have brought over two decades of combined experience in development, investment sales, and landlord and tenant representation to the firm.

 

“Christian Baena excels in leveraging innovative industry technology to provide unparalleled analytical and organizational value to our clients, and people really enjoy his company.” said Lee & Associates South Florida President Matt Rotolante.

Greg Milopoulos

“Christian and Greg’s ability to bring top buyers and tenants to the table for the owners, to which they are committed, has been a recipe for success, even in the more challenging economic climate we’ve experienced the past several quarters.

 

"We’re committed to supporting their creative dealmaking with our industry-leading platform and referral network, and excited for their futures.”

 

Matt Rotolante.

Before partnering with Milopoulos and joining Lee & Associates South Florida, Baena honed his industrial real estate acumen at Newmark and FIP Commercial, where he completed over $20 million in sales for clients.

 

A Florida native and Florida State University graduate, Baena also gained valuable experience working as a Business Analyst for various mutual funds in New York City, Fort Lauderdale and Boca Raton.

 

Fluent in both English and Spanish, Baena and Milopoulos continue to set the standard for excellence in industrial real estate.

 

CONTACT:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

 

SPERRY Expands into San Diego, CA with Discovery Property Group, Inc. As Its First Affiliate in the Market

  

Mark Powell 

San Diego, CA -- SPERRY, a leading commercial real estate firm specializing in the investment sales brokerage, leasing brokerage, business brokerage, property management and investment of commercial real estate, announced Discovery Property Group, Inc. in San Diego, California, is joining the firm as an affiliate under the name Sperry-Discovery Commercial.

Frank Powell

Led by co-founders and brothers Mark Powell and Frank Powell, Sperry-Discovery Commercial specializes in investment sales of commercial real estate in the San Diego area. Throughout their 20-year careers, Mark and Frank have completed combined transactions valued at more than $250 million.

 

"Sperry is known for its strong network, innovative marketing strategies, and commitment to client success, making it an attractive choice for us,” said Mark Powell, Broker of Record at Sperry-Discovery Commercial. “The firm's collaborative culture and emphasis on personalized service aligned well with the professional values and client-focused approach that we bring to the table.”

 

Frank Powell, Associate Broker at Sperry-Discovery Commercial continued by saying “Affiliating with Sperry offers us the potential to expand our reach and continue delivering exceptional results in the competitive commercial real estate market.”

 

Mark and Frank are prominent figures in San Diego's commercial real estate landscape. Mark, as the current President-Elect of the San Diego Association of REALTORS®, has dedicated over 12 years to the organization.

 

Frank, a former President of the San Diego Association of REALTORS®, now leads the San Diego Multiple Listing Service as its President.

 

Their extensive experience extends beyond local influence, with both brothers playing pivotal roles at the National Association of REALTORS® and the California Association of REALTORS®, contributing to the industry's growth and advocacy at every level.

 

Mark Hinkins

“Discovery Property Group is a leader in San Diego, not just in brokerage but in the overall commercial real estate industry and the business community,” said Mark Hinkins, CCIM, FRICS, global president at SPERRY.

 

“We are aggressively and strategically looking to expand throughout the United States and internationally. This year we launched our master country franchise program and are in advanced discussions in Australia, India, and multiple countries in the middle-east and Pacific Rim regions while making them available for additional 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.”

 

 

 

RKW RESIDENTIAL Expands in St. Louis, MO with New Assignments and adds Naomi Tyler as Regional Manager

Naomi Tyler

St. Louis, MO - RKW Residential, one of the nation’s fastest-growing multifamily management firms, strengthened its portfolio and team in the St. Louis market.

 

The firm was retained to oversee management and leasing of two Chroma-branded communities in St. Louis and added Naomi Tyler as Regional Manager serving the broader market.

Marcie Williams 

Tyler brings more than a decade of multifamily management experience to RKW. In her previous role at 2B Residential, Tyler managed the financial and operational performance of 525 apartment units and led an award-winning team of on-site managers.

 

Before that, she served as a multi-site manager of operations and performance for a portfolio of more than 800 units across the St. Louis market.

                                                  Chroma community

 

A National Apartment Association-Certified Apartment Manager, Tyler earned her bachelor’s degree from Missouri State University.

 

“Naomi Tyler is the ideal team member to ensure the success of our expanding St. Louis portfolio,” RKW CEO Marcie Williams said.

 

“We see significant opportunities for further growth in the St. Louis market, particularly when it comes to the Class A apartment communities we focus on. The market benefits from strong employment, which drives renter demand.”

 

 Active in the St. Louis market for five years, RKW now operates the 237-unit Chroma and 111-unit Hue communities in addition to several other nearby properties.

 

RKW combined Chroma and Hue into one community under the Chroma brand to maximize operational efficiencies and utilize shared staffing.

Hue community

The firm is also currently leasing up the second phase of Altair at the Preserve, following the successful lease-up of the community’s first phase and the separate Altair at the Heights community.

 

 

CONTACT:

 

Angelic Bringas
Account Executive
abringas@boardroompr.com
C 786-202-5773
O 954-370-8999
Web | Facebook | Instagram | LinkedIn

www.rkwresidential.com.