JLL Capital Markets brokers sale of Village at Stone Oak, a 476,000 SF high-performing retail center in San Antonio, TX

Whitney Snell

 DALLAS, TX –  JLL Capital Markets announced the sale of Village at Stone Oak, a 476,371-square-foot high-performing retail center in San Antonio, Texas. The price was not disclosed.

 JLL worked on behalf of the seller, SITE Centers, in the sale to Sterling Organization.

Chris Gerard

Village at Stone Oak ranks in the top 5% of United States shopping centers, according to Placer.Ai. Additionally, the property boasts an 84% occupancy rate and features a diverse tenant mix including power, lifestyle, convenience and office space. 

Shadow-anchored by Target, the center houses notable retailers such as AT&T, Dollar Tree, DSW, Hobby Lobby, HomeGoods, Kirkland's, McAlister's Deli, Petco, pOpshelf, Ross Dress for Less, Spec's and ULTA.

 

Strategically located in Bexar County at the intersection of US 281 N and Stone Oak Parkway, the center also offers excellent visibility and access. 

Ryan West

It serves an upper-middle-class community north of San Antonio and is in close proximity to the JW Marriott Hill Country Resort, TPC Golf Course and Lady Bird Johnson High School. 

The property's location capitalizes on San Antonio's corporate presence, tourist attractions, educational institutions, tech industry and extensive military population.

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Chris Gerard,  Ryan West, Director Whitney Snell, Associate Keenan Ryan and Analyst Andrew Griffin.

Keenan Ryan

“Village at Stone Oak occupies a prime position in one of the most vibrant areas of San Antonio,” said Gerard. “The submarket’s growth is fueled by population expansion, a robust local economy and strong consumer demand. 

"These factors, combined with the center's diverse tenant mix and immediate leasing upside, make it an exceptionally attractive retail investment.”

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. 

Andrew Griffin

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 SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

 

About Sterling Organization

Sterling Organization is a vertically integrated private equity real estate investment firm whose national platform is focused on investing in retail real estate assets.

Village at Stone Oak, a 476,371-square-foot
high-performing retail center in San Antonio, TX

Sterling Organization, and its affiliates, own and manage 75 properties across the U.S. with more than 13 million square feet of primarily retail real estate across the U.S. worth over $2 billion in value. 

 

 CONTACT:

 

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 sterlingorganization.com.

 

 

JLL Capital Markets arranges $42 million refinancing loan for Vestavia Hills City Center, a premier mixed-use destination in Birmingham MSA

  

Kelsey Bawcombe

 MIAMI, FL, Oct. 9, 2024 –  JLL Capital Markets  has secured the $42.45 million refinancing of Vestavia Hills City Center, a 389-736-square-foot open-air, mixed-use lifestyle center in Vestavia Hills, Alabama.

 

JLL worked on behalf of the borrower, KPR Centers, in arranging the floating-rate loan through an affiliate of MetLife Investment Management.

 

Chris Drew

Vestavia Hills City Center, spanning 28 acres, is a modern, open-air shopping complex with a rich history dating back to 1954. Located at 700 Montgomery Hwy, just 15 minutes south of Downtown Birmingham, 

Vestavia Hills City Center serves an affluent suburban population. Recently renovated by the Sponsor, the center has undergone multiple revitalizations and expansions across three phases. 

Gregg Shapiro

The center features 66 diverse retailers, service providers and restaurants. Anchored by a high-performing Publix, the center also includes notable tenants such as AMC Theaters, Planet Fitness, PetSupermarket, ShoeStation, Dollar Tree, Panera Bread and Dave's Hot Chicken.

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Chris Drew and Gregg Shapiro and Vice President Kelsey Bawcombe.

 

Vestavia Hills City Center, Vestavia Hills, AL

"Vestavia Hills City Center represents a prime example of a well-positioned retail asset in a thriving market," Drew said. "The center's strong performance, coupled with Birmingham's status as a top 50 metro and its exceptional demographics, made this an attractive opportunity for lenders. 

"With its diverse tenant mix anchored by a high-performing Publix and recent renovations, this property exemplifies the type of quality retail that continues to garner institutional interest in today's market."

  

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

 

 

Mohr Capital completes rail-capable industrial project in Surprise, AZ

Kelly Royle

  PHOENIX, AZ – On behalf of Dallas-based Mohr Capital, JLL announced the completion of West Summit at Surprise, a 707,380-square-foot, Class A industrial development in Surprise, Arizona. The project sits on almost 47 acres with sought-after rail access to metro Phoenix’s rapidly expanding BNSF Railroad network.

Tom Theobald

 “Many distribution, manufacturing and logistics companies require rail access for their operations, and West Summit Surprise is among the few brand new and immediately available buildings providing that capability,” said

Tom Theobald, Senior Vice President – Development, Mohr Capital.

 

“This is a premier development in a prime location, enjoying favorable demographics and an infrastructure certainty that is mission-critical to employers locating or expanding in Arizona. We extend a huge thank you to all those who helped us deliver this project to market.”

 

Located in the Summit Business Park at the northwest corner of Dysart and Cactus roads, West Summit at Surprise spans two state-of-the-art buildings, including a 453,960-square-foot Building 1 (36’ clear height) and 250,512-square-foot Building 2 (32’ clear height).

Anthony Lydon

Each building offers 2,500 square feet of speculative office space, 50’ x 56’ column spacing, 3,000 amps of power, LED lighting, ESFR sprinklers, 60’ speed bays and secured truck courts.

 Together they provide 157 dock-high and eight grade-level doors, and can accommodate parking for 706 automobiles and 225 trailers. Building A also offers rail capability to the BNSF Railroad.

 

The project sits less than five minutes from the Loops 101 and 303, and the Northern Parkway, placing it within a 35-minute drive of 1.9 million residents. The project is Foreign Trade Zone capable, offering eligibility for up to a 72.9% reduction in state real and personal property taxes.

 

John Lydon

Anthony Lydon, Executive Managing Director, John Lydon, Senior Managing Director, and Kelly Royle, Vice President, from the Phoenix office of JLL serve as the exclusive leasing brokers for West Summit at Surprise.

 “Surprise is one of the fastest growing cities in the nation, with strong demand from all types of industrial occupiers,” said Royle.

 

“We are fortunate to have Summit at Surprise as speed-to-market opportunity for those prospective tenants, particularly middle-market operators looking for a modernized building and prime infill location with workforce density and quality. It is a very well-located and designed project by the Mohr team.”

 

According to JLL, metro Phoenix recorded 11.3 million square feet of new leases and lease renewals during the first half of 2024. It is fielding over 50 million square feet of active tenant requirements from a diverse range of industries, showing sustained interest in the market and ongoing demand for industrial space.

West Summit at Surprise, a 707,380-square-foot,
 Class A industrial development in Surprise, AZ

In Phoenix, JLL is a market leader employing more than 550 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process.

 In 2023, the Phoenix team completed more than 120 million square feet in lease and sale transactions, with a total transaction volume of more than $1.1 billion, and directed $67 million in project management across 63 projects.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

$73 million financing secured from Bank OZK for Traer Creek Apartments in Avon, CO

Traer Creek Apartments, a 242-unit, class A,

 podium multi-housing development in Avon, CO

 

DENVER, CO, Oct. 7, 2024 –  JLL Capital Markets announced today that it has secured $73 million in construction financing from Bank OZK for Traer Creek Apartments, a 242-unit, class A, podium multi-housing development in Avon, Colorado.

 

Leon McBroom

JLL represented the borrower, Prime West and Columnar Investments in the transaction.

With construction scheduled to finish in 2026, Traer Creek Apartments will feature a distinctive four-over-one design that combines Type-V wood-frame construction with a Type-I concrete podium slab. 

This innovative approach allows for structured parking while offering unparalleled quality relative to other multifamily communities in Vail Valley. 

 

Ideally situated at 5471 East Beaver Creek Blvd., Traer Creek Apartments enjoys a prime location just minutes away from the renowned Beaver Creek Resort and Vail Resort, which collectively attract over 1.3 million visitors each year. 

 

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Leon McBroom and Director Will Haass.

Will Haass

“The overwhelming demand for housing and limited supply in the Vail Valley only reinforces our belief in the success of this project. 

The lending community also agreed with this thesis and we were able to create a deep and competitive market as a result,” said McBroom.

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: 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

Decorated Commercial Real Estate Broker Michael Hinton Joins Lee & Associates South Florida

 

Michael Hinton

MIAMI, FL, Oct. 7, 2024 – Lee & Associates South Florida continues to attract top commercial real estate talent to join its growing roster. Another accomplished industry professional, Michael Hinton, CCIM, is the firm’s newest Principal.

 

Based in Miami, Hinton has more than 25 years of experience specializing in investment sales. He is the 2025 President-Elect of the Florida chapter of influential industry organization CCIM. Hinton’s transaction output exceeds $200 million in total value.

Matthew Rotolante 

“Michael Hinton is someone I have known and admired for many years through our shared industry involvement,” Lee & Associates South Florida President Matthew Rotolante said. “He is a perfect fit for our expanding team, as Michael is a top-tier commercial real estate broker and active in industry and community organizations.”

 

Prior to joining Lee & Associates South Florida, Hinton was a Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.

 

Hinton earned his bachelor's degree in Business Administration from Purdue University Global.

 

CONTACT;

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

 

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