Sunday, December 8, 2024

JLL Capital Markets handles $25 million refinancing loan for Luxe on Madison, the Class-A multi-housing community in Chicago's sought-after Fulton Market neighborhood

 

 Mary Dooley

CHICAGO, IL –  JLL Capital Markets has secured the $24.75 million refinancing for Luxe on Madison, a 102-unit, Class-A multi-family community in Chicago, Illinois.

 

JLL represented the borrower, Fifield Companies, in arranging the five-year, fixed-rate loan through MetLife Investment Management.


Danny Kaufman
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Danny Kaufman, Director Mary Dooley, Associate Rebecca Brielmaier and Analyst Mackenzie Jones.

 

"Luxe on Madison represents an excellent financing opportunity in one of Chicago's most dynamic neighborhoods," commented Dooley. "The property's strong operating history and prime location continue to attract residents, and the strong underlying market fundamentals provide further support for a secure mortgage investment.”

 

Luxe on Madison is strategically located at 1222 West Madison St., in one of the city's fastest-growing mixed-use neighborhoods. The property offers residents immediate access to major employers, world-class dining and entertainment options, just a ten-minute walk from the center of the Fulton Market District.

 

 Rebecca Brielmaier 

Luxe on Madison is a sophisticated five-story, mid-rise community constructed in two phases in 2009 and 2016, offering a total of 102 residential units complemented by approximately 7,300 square feet of ground-floor retail.


Mackenzie Jones

The property features a mix of studios, one- and two-bedroom units, boasting an average size of 845 square feet. Each apartment is thoughtfully designed with high-end finishes, including quartz countertops, stainless steel appliances, oversized windows, tile backsplash, plank flooring and 10-foot ceilings.

 

Residents can also enjoy access to a range of amenities such as a fitness center, coworking spaces, a rooftop terrace lounge and a covered parking garage.

 

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

 

Steven Fifield

About Fifield Companies

 

Fifield Companies, founded in 1977 by Steven Fifield, is a Chicago-based real estate development firm specializing in luxury urban high-rise residences and office towers. With over 40 years of experience and more than $7 billion in developments across major markets, Fifield has established itself as a premier developer.

 

 

Contact: 

 

Gréta Kieras

Senior Associate

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com


 

JLL to provide FM services with CORG for GSA facilities

Monique Derrick

CHICAGO, IL – JLL has announced that it, along with CORG Management Group, is providing the General Services Administration (GSA) integrated facilities management services for seven buildings and a parking garage in Atlanta, Ga., and 13 buildings and a parking garage in Aiken, Anderson Charleston, Columbia, Florence, Greenville and Spartanburg, S.C. 

 

Kameshia Freeman

JLL’s Government Facility Management team is working with CORG, a woman-owned business based in Atlanta, for both projects. Through their relationship, they will be responsible for providing comprehensive facilities management (FM) services, including mechanical, electrical, plumbing systems repair, maintenance and small project work. 


John Eagleeye

The JLL and CORG teams will help drive consistency and enhance and elevate GSA’s FM program, driving operational efficiencies that will result in cost savings with JLL’s customized preventative maintenance program.

 

This comprehensive approach ensures optimal facility management performance and a focus on sustainability and compliance with government initiatives.


Emmett Shaffer

JLL Managing Director Monique Derrick, Senior Directors John Eagleeye and Emmett Shaffer are leading the JLL efforts.

 

JLL Executive Director De’Von Williams with Solutions Development will ensure alignment with government RFPs, while JLL Senior Vice President Kameshia Freeman will manage the relationship and continue to work with GSA nationally to identify opportunities and ways to assist GSA in accomplishing its mission.

 

Vickey Evans

President and CORG Founder Vickey Evans and Vice President of Operations Paulanne Page are leading the efforts for CORG.

 

“As a leading service provider for GSA, we look forward to continuing to expand our reach and mentor small businesses to deliver superior services for our clients," Derrick said.

 

“The JLL-CORG solution specifically aligns with the government’s requirements and enables us to deliver mission-critical facilities management services to GSA.”

 

De’Von Williams

“We are driven to build relationships with small businesses to empower and create opportunities for them, and our arrangement with CORG accomplishes this while also assisting GSA increase their small business participation and creating continuity and implementing best practices related to various processes and programs,” Freeman added.

 

“Vickey has showcased her leadership by expanding the company into three states since founding it in 2008. This collaboration is a testament to the strength of diverse leadership and a shared vision, setting a benchmark for future endeavors in the industry.”


 

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

 

 

About CORG Management Group

 

Established in 2008, CORG Management Group is a comprehensive solution provider with a successful history of providing innovative solutions that drive project success.

 

CORG is an SBA 8(a), Woman Owned Small Business (WOSB), Economically Disadvantaged Woman Owned Small Business (EDWOSB) and HUBZone certified firm headquartered in Columbia, South Carolina, and corporate office in Atlanta, Georgia. CORG is organized to provide cost-competitive services in the areas of facilities maintenance, construction management, logistical support and administrative management to the government and commercial sector.

 

CORG’s concentration is on administering proficient, accomplished and capable teamwork that is imperative for an optimal outcome and maximized results for each and every one of their client’s needs. 

 

 

 

 

CONTACT:

 Kimberly Steele

Phone: +1 713 852-3420

Email:  Kimberly.Steele@jll.com 

 jll.com. 

corg1.com.

us.jll.com/government. 

 

Saturday, December 7, 2024

JLL Capital Markets arranges $24.5 million financing for a Class A, 112,000 SF distribution center in Tampa, FL

 

 Val McWilliams

MIAMI, FL –  JLL Capital Markets has secured $24.5 million in financing for a 112,000-square-foot, Amazon-leased, last-mile distribution facility

 in Tampa, FL.

 

JLL worked on behalf of the borrower, AGS TRIP Corp, to secure the fixed-rate loan through Reinsurance Group of America, Incorporated (RGA).


 Brian Gaswirth

Situated in the Southeast Hillsborough submarket of the Tampa MSA, the property benefits from its position in one of Florida's fastest-growing regions. The site offers excellent accessibility to major transportation routes, including state road 41 and I-75.

 

Jimmy Calvo
Additionally, its proximity to the Port of Tampa Bay and Tampa International Airport (TPA) provides critical logistical advantages for efficient regional distribution.

 

The JLL Debt Advisory team was spearheaded by Managing Director Brian Gaswirth, Director Jimmy Calvo and Analyst Val McWilliams.


FINANCED: 112,000-square-foot, Amazon-leased,

 last-mile distribution facility in Tampa, FL

 .

 

"The industrial fundamentals within the greater Tampa MSA have created extensive excitement from both investors and lenders," said Gaswirth. "The combination of borrower, an investment-grade Amazon lease, significant duration and Tampa's booming population growth made this a highly competitive process.”

 

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

 

 

CONTACT:

  Grace Lewis

 

 

JLL's 34,187-SF lease brings Feed My Starving Children to Tempe, AZ

 Emily Minnier

TEMPE, AZ– The Phoenix office of JLL  has completed a 34,187-square-foot lease that relocates and expands the Arizona location of Feed My Starving Children from Mesa to a new facility at 1100 W. Grove Parkway in Tempe.

 

 

Mark Gustin


The Minnesota-based charity organization currently operates eight U.S. locations where, with volunteer support, it packs and distributes meals to starving people in 112 countries around the world.

 

FMSC leased its first facility in Tempe in 2011. It relocated to the Mesa Fiesta District in 2015, where it nearly tripled its facility size to 25,000 square feet. FSMC continues to expand its Arizona footprint with its newly built facility near Elliot Road and Priest Drive in South Tempe, minutes from Interstate 10.

 

Mark Gustin, Jimmy Cornish and Emily Minnier of JLL represented the building owner, Providence Real Estate Group. Bryce Terveen of CBRE represented FMSC.

 

Jimmy Cornish

“We’re very pleased to welcome Feed My Starving Children to Tempe,” said Gustin. “This completely renovated building gives this highly respected organization modern advantages that will amplify its comfort, efficiency and results.

 

"The property is easily accessed via nearby I-10 and is within walking distance to more than 50 retail, restaurant and hospitality amenities.”


Bryce Terveen 

Additional features of the 1100 building include speculative office space, a fully air conditioned warehouse, generous 5/1,000 parking and six dock door positions.

 

FMSC completed its relocation to Tempe this month and is now fully operational in its new facility. For more about the organization, or to donate or volunteer, visit fmsc.org.

 

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. 


1100 West Grove Parkway, Tempe, AZ


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

 

Friday, December 6, 2024

Miller Construction Adds David Zorrilla as Vice President of Multifamily

 

David Zorrilla

Fort Lauderdale, FL —Miller Construction, a statewide, privately held construction firm, announces the addition of David Zorrilla as Vice President of Multifamily. The company’s expansion includes pursuing more multifamily projects in the South Florida market, which will be Zorrilla’s focus as Miller expects a surge in 2026.

Brian Sudduth.

Zorrilla has over 20 years of experience in multifamily and construction and will be an integral part of Miller’s position as the industry transitions in the coming years.

“David’s experience in the multifamily space will provide us with a great foundation as we expand to tackle these projects,” said Miller Construction President and CEO Brian Sudduth. “We plan to be intentional when selecting which clients to work with and focus on those that share the same core values we have at Miller.”

Zorrilla earned a Bachelor of Science in Building Construction and a Bachelor of Business Administration in Finance from The University of Florida.

 

 

CONTACT:

 

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

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