JLL completes $45 million sale of Class A seniors housing community in Delaware

Caroline McClelland

BOSTON, MA –  JLL Capital Markets has completed the $45 million  sale of HarborChase of Wilmington, a luxury 96-unit assisted living and memory care community in Wilmington, Delaware.

 

 JLL represented the seller, a private equity firm, in the transaction. Harbor Retirement Associates will continue to manage the community for the buyer, a publicly traded REIT.

Blaise Fletcher 

The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz, Aaron Rosenzweig, Director Sam Dylag, Analysts Sean Kirk and Caroline McClelland. JLL Managing Director Blaise Fletcher also supported the sales team.

 Originally constructed in 2018, HarborChase of Wilmington is the one of the newest seniors housing communities in the entire state of Delaware and is the newest community in its primary market by a substantial margin.

Jay Wagner

 Located at 2004 Shipley Rd., HarborChase of Wilmington offers 64 assisted living units in one- and two-bedroom layouts and 32 memory care units. The units feature luxury finishes and are some of the largest units in the market.

HarborChase of Wilmington achieves market-leading rents and occupancy and is 100% private pay. It has a strong reputation in the market due to its leading hospitality program, high-quality food and beverage options, plus leading activities for residents all on top of its leading physical offerings.

Rick Swartz

There is an abundance of amenities, including three beautiful dining rooms plus the private dining area, a fitness and yoga studio, and outdoor fountains, patios, courtyards and walking trails.

The excellent commutability and amenities on the border of Wilmington’s more affluent residential neighborhoods provide the property with excellent visibility in the market and top-of-mind presence.

 Aaron
 Rosenzweig

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.

Sam Dylag

CONTACT:

 Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy @jll.com

jll.com.

 

JLL secures $14 million refinancing for Home2 Suites by Hilton Temecula in Southern California's wine country

Olga Walsh

 

SAN DIEGO, CA – JLL Capital Markets has secured the $14 million refinancing for Home2Suites by Hilton Temecula, a 120-room extended-stay hotel in the heart of Southern California's wine country.

 

JLL worked on behalf of the borrower, an affiliate of Huntington Hotel Group, to secure the floating-rate, three-year loan through MetLife Investment Management.

 

Built by the borrower in 2019, the four-story Home2 Suites by Hilton Temecula caters to both leisure and business travelers with its blend of comfort and convenience.

Tim Wright

Guests can enjoy a 24-hour fitness center, an outdoor pool area complete with BBQ facilities, a business center, complimentary daily breakfast, free on-site parking and the convenience of a grab-and-go market in the lobby.

 

With San Diego, Orange and Los Angeles counties, all within an hour's drive, the property is well situated to capture day and weekend travel throughout the region.

 

The JLL Debt Advisory team was led by Senior Managing Director Tim Wright, Director Olga Walsh and Analyst Jack Wood.

 Jack Wood

“Temecula has emerged as a booming Southern California drive-to destination,” said Walsh. “Its combination of an affluent local community and a thriving tourist industry, driven by favorable income levels and diverse attractions, has solidified Temecula's status as a premier destination in the region.”

 

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

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

 CONTACT:

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

KW PROPERTY MANAGEMENT & CONSULTING Expands Food and Beverage Offering Statewide

 

Andrew Holmes

Statewide, Florida –– KW PROPERTY MANAGEMENT & CONSULTING, a premier Florida-based association management company, has expanded its food and beverage offerings at properties across the state.

They also welcomed two new team members: Andrew Holmes as Southwest Florida Regional Vice President and Scott Beale as Corporate Chef.

“With the addition of these two professionals, we are deepening our commitment to offering a full-service property management experience that includes the finest food and beverage services in the market,” said Chief Operating Officer Jorge Lago.

“By combining our dedication, hard work, and creative expertise, we have elevated our ability to deliver unmatched comfort and quality to each of our residents.”

Scott Beale

Holmes extensive hospitality career encompasses corporate, development, and operational experience across the globe. He pioneered the Autograph Collection with The Kessler Collection, Executive leadership with Vision Hospitality's new development and engineering First Hospitality Group's food and beverage division.

Beale began his career as a marine biologist, working as an underwater welder for Oceaneering and other global companies. His passion for food led him to pivot into the culinary world, joining Dupont as a food and research professional, where he secured five U.S. patents in non-stick food technology.

After returning home, Beale launched a successful catering business, opened two restaurants, and founded a food consulting firm. In 2011, he competed on Food Network’s Iron Chef with Firestone Winery, finishing as the first runner-up in the national culinary challenge.

 

Jorge Lago.

Since moving to Naples in 2014, Beale has served as a corporate chef both nationally and regionally. At KWPMC, he will lead food and beverage operations statewide, enhancing culinary experiences for the properties.

 

Earlier this year, KWPMC added Stephen Clark as the Executive Director of Food and beverage. Clark manages operations for a diverse portfolio of communities across Florida, ranging from a 60-unit luxury condominium in Miami Beach to a 1500-home resort-style community in Orlando.

“Our approach to F&B involves actively listening to the unique desires of homeowners in each community, tailoring our services, accordingly, said Clark. “We are aiming to streamline our operation while also creating one-of-a-kind offerings at each property.”

 

Contacts:

 

 Maria Suarez

(786) 363-1935

msuarez@KWPMC.com

 

 

 

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

 

 

Hold-Thyssen Completes New Multi-Year Lease Agreement With Stites Law PA at The Laurel Building in Altamonte Springs, FL

 Laurel Building, Altamonte Springs, FL

 

Altamonte Springs, FL  --- Hold Thyssen, Inc., a full-service commercial property brokerage firm based in Winter Park, completed a multi-year lease agreement at the Laurel Building, 498 Palm Springs Drive in Altamonte Springs. 

Martin Forster

The new lease of Suite 300 with 1,457 square feet was inked by Stites Law, P.A. , a  law firm  specializing in personal injury and real estate.

 

Martin Forster CCIM, Senior Director at Hold-Thyssen who negotiated the transaction, is the exclusive leasing representative for the second and third floors of  the Laurel Building. The local landlord is Foley Properties, LLC.      

 

The second and third floors of the Laurel Building provide traditional, full-service professional office suites that range from 990 to 4,049 square feet, while the first floor consists of executive suites with on-site leasing.  498 Palm Springs Drive is in a vibrant live, work, play location that is steps from Altamonte Mall, banking, dining, retail, and entertainment.

Robert P. Hold

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  

The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States.

 

CONTACTS:

 

Anthony Fisher,

 Vice President,

Hold-Thyssen Real Estate Services,

 407-691-0505, 

afisher@HoldThyssen.com

 

Robert P. Hold,

 Principal,

 Hold-Thyssen, Inc.

 407-691-0505, 

bhold@HoldThyssen.com

 

 

Plaza Advisors brokers $4.65 million sale of Bay Pines Shopping Center in St. Petersburg, (Seminole), FL.

Bay Pines Shopping Center, St. Petersburg, FL

St. Petersburg, FL -- The center sold for $4.65 million to a publicly traded REIT. The Plaza Advisors team led by Jeff Berkezchuk and Jim Michalak represented the seller, Kitson & Partners.

Jim Michalak

 Bay Pines is a 9,110 square foot strip center that is an outparcel to a top-performing Walmart Supercenter. The center was 85% occupied at the time of sale, with notable tenants including Starbucks, Supercuts & Jimmy Johns.

The property is situated on 1.01 acres along Bay Pines Boulevard (U.S. Alt 19), directly across the street from the VA Hospital and features 40,500 vehicles per day.

 This completes a three-property portfolio in which Plaza Advisors represented Kitson & Partners. The adjacent Texas Roadhouse and Village Inn properties were previously sold in separate transactions to 1031 investors.  

 “The asset garnered significant investor interest due to its strong tenant mix and upside via lease-up of the vacant space” Berkezchuk said. “Unanchored strip centers have become a highly desirable property type with a bevy of investors entering into the market, making Bay Pines even more compelling.”

Jeff Berkezchuk

Plaza Advisors is a retail shopping center investment brokerage firm that specializes in the disposition of retail properties throughout the state of Florida. 

Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.  

CONTACTS:

 

Jim Michalak

813.837.1300 x1

jim.michalak@plazadvisors.com

 

Jeff Berkezchuk

813.837.1300 x2

jeffb@plazadvisors.com

 

Oakley Group Names Dawson Harris Investment Associate

 

Dawson Harris

 BIRMINGHAM, Al -- Oakley Group, a leading multi-family real estate investment firm in the Southeast, has named Dawson Harris as Investment Associate.

 

Harris, a Birmingham native, holds a Bachelor of Science in Management Information Systems and a Master of Business Administration from The University of Alabama.

Michael P. Krombach

He previously worked as a management consultant at Ernst & Young and as a senior analyst at a boutique consulting firm where he led acquisitions and strategic initiatives for clients within the financial services sector.

 

Harris will work closely with and report to Executive Vice President, Michael P. Krombach in his new role. "We believe Dawson’s particular skillset will bring depth and precision in the underwriting process and added support in asset management," Krombach said. 

David Oakley

“Dawson is the right person in the right seat. He is a stellar addition to our team, and I am confident in his ability to lock arms with us as we move into the future,” said David Oakley, founder and CEO of Oakley Group.

 

CONTACTS:

 

David R. Oakley,

CEO Oakley Group,

205-913-4632 or  

do@oakleygroup.com 

 

Beth Payan,

Larry Vershel Communications Inc.

 407-461-3781 or

 Beth@LarryVershel.com

 

Alliant National Welcomes Valerie Grandin as Vice President, Senior Underwriting Counsel Florida

  

Valerie Grandin

Longmont, CO — — Alliant National Title Insurance Company, the title insurer that is uniquely responsive to the needs of independent agents, is excited to announce that it has hired Valerie Grandin as Vice President, Senior Underwriting Counsel Florida.

Grandin brings with her a wealth of experience in title insurance, real estate, management and business strategy.

Jeff Stein

In her new role as Vice President, Senior Underwriting Counsel Florida, Grandin will have a full slate of responsibilities. Chief among them will be to develop educational programming and partner with Alliant National’s Florida agents to increase their market share through unique business development strategies and product offerings. 

“Valerie is a consummate professional and a true industry leader. We couldn’t be happier to welcome her to our growing team,” said Jeff Stein, Chief Underwriting Counsel at Alliant National.

 

“With her extensive experience in underwriting, education, management, compliance and business development, I know she will do great things for our agents and play an important role in the future of Alliant National.”

She received her Juris Doctorate from the University of Miami School of Law.

 CONTACT:
 
Adam Mohrbacher
Clockwork Public Relations
e: amohrbacher@clockworkpr.net
p: 651.587.4792