JLL Capital Markets brokers sale of 752-unit Retreat at Mesa Hills in El Paso, TX

Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, TX

 DALLAS, TX, Jan. 15, 2025 –  JLL Capital Markets has arranged the sale of Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, Texas. The price was not disclosed. JLL worked on behalf of the seller, JRK Property Holdings.

Steven Hahn Jr.

Retreat at Mesa Hills, located at 945 South Mesa Hills Dr., offers a prime location just off the I-10 in the sought-after Upper West Side of El Paso.

 Situated on an expansive site, the property provides convenient access to abundant retail and employment centers, including the Shoppes at Solana, Sunland Plaza, the University of Texas at El Paso, The Hospitals of Providence and the El Paso CBD.

 

El Paso, Texas is a diverse and growing city with a population of over 690,000 as of 2023, making it the 6th largest metropolitan area in Texas and the 23rd largest city in the U.S. The area boasts strong economic drivers, including the University of Texas at El Paso, Fort Bliss Army Base and robust international trade activity.

 

Art Barnes

Known for its strategic location on the U.S.-Mexico border, El Paso is a major hub for foreign trade, processing over $122 billion in annual trade volume and more than 30 million border crossings.

 

Retreat at Mesa Hills, completed in multiple phases since 1995, is a well-maintained Class-A asset featuring 752 units in a low-density, aesthetically pleasing two-story design.

 

The community offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. Residents enjoy resort-style amenities including three swimming pools with a relaxing tanning deck and private cabanas, a well-equipped fitness center, two illuminated tennis courts, two sand volleyball courts, a Starbucks WiFi café, a lavish clubroom, a game room and a state-of-the-art media theater, contributing to its strong occupancy.

 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Steven Hahn Jr., Senior Director Art Barnes, Senior Managing Director Roberto Casas and Vice President William Jennings.

 Roberto Casas

“Retreat at Mesa Hills represents an exceptional opportunity in the El Paso market given the property’s prime location, extensive amenities and value-add potential,” said Hahn. “This transaction underscores the significant investor interest and confidence in the burgeoning El Paso market.”

 

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

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 jll.com. 

 

 

Stream Realty Partners Expands Florida Footprint with the Hiring of Industry Veterans Steve Medwin and Nick Wigoda

Blake Kendrick

MIAMI, FL – Jan. 15, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the addition of Steve Medwin, SIOR, CCIM, and Nick Wigoda, SIOR, as Managing Directors & Executive Vice Presidents in South Florida.

 Bringing over five decades of combined experience, Medwin and Wigoda have a proven track record of representing institutional owners, investors, and occupiers in the industrial real estate sector. 

Having worked together since 2008, they have completed over two billion dollars in transactions, earning a reputation for delivering innovative and strategic solutions that address the complex needs of industrial real estate clients.

 Steve Medwin

“Adding Steve and Nick to the Stream team represents our commitment to Florida and our ambition to be a dominant force in the region,” said Blake Kendrick, Chief Operating Officer at Stream. 

“Their expertise and entrepreneurial approach align perfectly with our vision to bring exceptional value to our clients. We look forward to having them drive Stream’s industrial platform in South Florida and beyond.”

 

With over 30 years of experience in industrial real estate, Medwin is a leading specialist in representing owners, investors, and occupiers of commercial real estate. Medwin has completed over 1,000 transactions across 25 states, covering millions of square feet and totaling more than $2 billion in value. His expertise includes landlord and tenant representation, land sales, investment sales, and ground-up development.

Nick Wigoda

“Our clients are Stream’s clients,” said Medwin. “The transition to Stream allows us to enhance the value we bring to institutional owners and investors, leveraging Stream’s robust platform and entrepreneurial mindset to identify and source opportunities, particularly off-market acquisitions and development. We are proud to join a company that was born as an industrial platform and shares our commitment to creating lasting relationships.” 

 Wigoda brings 22 years of experience representing top REITs, private equity firms, and corporate occupiers in South Florida and nationally.

 He specializes in commercial sales and leasing transactions, including industrial investment and development strategies, and has advised clients across industries such as food products, logistics, aviation, and manufacturing.

 

“Stream’s agility and innovative approach make it the ideal environment for us to better serve our clients,” said Wigoda. “Florida is experiencing incredible momentum, and we are thrilled to contribute to Stream’s growth in the region. The value Stream creates for its clients through its nimble and collaborative strategies is unmatched, and we are honored to be a part of it.”

 

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.”

 

SkyREM refinances 2.5-million SF industrial portfolio with $170 million loan; JLL Capital Markets arranges financing

 

SkyREM industrial portfolio in Northeast, Southeast and Midwest regions of the United States.

Peter Rotchford

NEW YORK CITY, NY – JLL Capital Markets has arranged $170 million in financing for the SkyREM Industrial Portfolio, a 10-building collection of primarily industrial and warehouse distribution assets located across the Northeast, Southeast and Midwest regions of the United States.

 JLL represented the borrower, SkyREM, to secure the fixed-rate, five-year loan from affiliates of Apoll

Totaling approximately 2.5 million square feet, the portfolio is spread across highly sought-after markets located throughout seven states. The properties benefit from strong labor markets, low unemployment rates and positive population growth trends.

 

Steven Binswanger

At closing, the properties were 99% leased to 15 diverse tenants across a variety of industries, including technology, manufacturing, warehousing, logistics, aerospace and government.

 

Many tenants have long histories at the properties, ranging from one to 20+ years, with an average tenure of approximately eight years.

 

The JLL Debt Advisory team included Senior Managing Directors Peter Rotchford and Steven Binswanger, Executive Managing Director Riaz Cassum and Senior Director Lucas Borges.

Despite a national pullback in industrial leasing since the pandemic highs, the Logistics & Parcel Delivery industry was a top performer in the sector this year, driven in large part by increased Asian 3PL demand.

Riaz Cassum 

In New Jersey, leasing volume in Q3 2024 came in at the second greatest level of all time, tallying 14 million square feet.

 

About SkyREM, LLC

SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States. 

As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com.

 

For more news, videos and research resources, visit JLL’s newsroom. (JLL.com)

 

 Lucas Borges

CONTACT:

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

 

JLL Capital Markets leads sales efforts for Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, three seniors housing communities in The Villages, FL and Winter Park, FL

                Rendering of The Villages student housing in The Villages, FL

 ORLANDO, FL –  JLL Capital Markets has closed the portfolio sale of Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, seniors housing communities totaling 416 units in The Villages and Winter Park, Florida. The prices were not disclosed.

 JLL’s Seniors Housing Capital Markets team represented the seller, Titan Development, in the sale of the properties to AEW Capital Management. The buyer retained the current operator, Watercrest Senior Living, as the third-party operator. JLL is also handling the acquisition financing on two of the assets for the buyer, which will close in January 2025.

 

Two of the properties are positioned within The Villages, the largest age-restricted, master-planned community in the U.S., located approximately 45 miles northwest of Orlando. The Villages is home to more than 80,000 residents over the age of 65 and has been one of the fastest growing metros in the entire U.S. for the last decade.

Watercrest Buena Vistal at The Villages, FL

Completed in 2018, Watercrest Buena Vista offers 224 units in a three-story, Class A building. The community uses the continuum of care model offering a mix of 118 independent living, 74 assisted living and 32 memory care units to age in place. Watercrest Buena Vista also offers residents a full amenity package with underground parking, a heated pool, fitness center, salon, media room, bistro and bar and a golf cart charging station.

Watercrest Spanish Springs 

Watercrest Spanish Springs opened in 2016 and consists of 86 assisted living and memory care units. The three-story property features a variety of amenities, including restaurant-style dining, social gathering areas, salon services, dynamic programming and activities and wellness and exercise programs.

 

The third property in the portfolio is Watercrest Winter Park, a 106-unit assisted living and memory care community located in the affluent Orlando submarket of Winter Park.  Built in 2019, the community features high end amenities, attracting some of the strongest rents in its market. 

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

 Kristen Murphy

JLL Director

Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com

 

www.aew.com.

jll.com. 

 

 

 

 

ATLANTIC PACIFIC COMPANIES LAUNCHES ATLANTIC PACIFIC CREDIT PARTNERS, EXPANDING INTO PRIVATE CREDIT WITH A FOCUS ON MULTIFAMILY ASSETS IN THE SUN BELT

 

Howard Cohen

MIAMI, FL – Atlantic Pacific Companies (A|P) is proud to announce the launch of Atlantic Pacific Credit Partners, a new private credit platform designed to meet the growing demand for innovative capital solutions in the multifamily real estate sector.

 This strategic expansion reflects A|P’s long-standing commitment to excellence and its continued focus on creating value within the multifamily space.

 

Atlantic Pacific Credit Partners will specialize in providing mezzanine debt and preferred equity investments to multifamily assets with 100+ units, focusing on the Sun Belt region, an area renowned for its dynamic growth, economic resilience, and rapidly expanding housing markets.

 

The new platform will deliver tailored capital solutions for multifamily sponsors and developers, optimize risk-adjusted returns for investors, and solidify A|P’s position as a trusted partner in the multifamily real estate sector.

 

“The Sun Belt’s strong demographic growth, thriving job markets, and increased demand for housing present significant opportunities for our new credit platform,” said Howard Cohen, CEO of A|P. “We are excited to leverage our extensive experience and expertise to play an active role in shaping the future of this vibrant region.”

 

Contact:

 

Margie Sernik

 Account Manager At Large

JWI PR

MIAMI & NYC

Cell +1.786.200.2516

Margie@JWIpr.com

Facebook, Instagram and Twitter @JWIpr

 

Owner-user acquires industrial building in San Diego, CA area for $2 million

SOLD: 5,474-square-foot freestanding industrial building
 located at 110 Venture Street in San Marcos, Ca. 

 SAN DIEGO, CA – Confirming demand for owner-occupied industrial buildings in North San Diego County, JLL announced it represented the buyer in the acquisition of a 5,474-square-foot freestanding industrial building located at 110 Venture Street in San Marcos, California.   North City Enterprise, LLC acquired the building for $2.05 million for the expansion and relocation of its business.

Chris Baumgart
 

JLL’s Chris Baumgart represented the buyer, North City Enterprise, LLC, in the transaction.  Chris Nelson of Mathews REIS represented the seller. 

 

“We successfully identified an off-market opportunity for our client, enabling them to secure a prime property in San Marcos,” said Baumgart, JLL Managing Director. 

“This transaction not only highlights the persistent demand for owner-occupied properties in North San Diego County but also demonstrates our ability to navigate complex market conditions.”

 He added:  “By facilitating this purchase, we've empowered our client to expand their operations, further cementing their presence in the region."

 Chris Nelson

According to JLL’s Q3 San Diego Industrial Insights Report, North County San Diego industrial fundamentals remain fairly stable with 6 percent vacancy and 56,199 square feet of quarterly net absorption.

 

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.”

Ware Malcomb Announces Construction Completion on FlexEtc Nashville Co-Warehousing Location in Downtown Nashville, TN

Rebecca Moore

NASHVILLE, TN – Ware Malcomb, an award-winning international design firm, is proud to announce that construction is complete on FlexEtc Nashville, an office/industrial co-warehousing location.

 Ware Malcomb provided interior design and branding services for the 91,380 square foot tenant improvement project, located just southeast of downtown Nashville at 1133 Polk Avenue. 

From content creation studios to warehousing and logistics, FlexEtc offers a collection of contemporary warehouse spaces for businesses of all sizes with seamlessly scalable solutions in a community-centered hub. The company currently offers locations in Los Angeles, Denver, Salt Lake City, Plano TX, in addition to its Nashville location.

 “Nashville presented an ideal location to realize FlexEtc’s innovative concept, and our team focused on incorporating our client’s extensive amenity program into the 7,000 square foot office component in keeping with its brand and established design language” said Rebecca Moore, Director, Interior Architecture & Design.

 Ware Malcomb’s design team incorporated some of the existing building features in the new space, including large metal doors that were part of a kiln used by a previous tenant, while as much of the pre-existing lighting was re-used where possible. The building has energy efficient LED lighting throughout, and EV charging stations were added to the exterior parking area.

Andrew Capeluto

Ware Malcomb’s in-house Branding Studio worked with the company to reimagine the FlexEtc brand by introducing a refreshed visual identity and cutting-edge signage, wayfinding, and environmental graphics program that highlighted its unique value and amenities.

 “This project allowed us to push creative boundaries, crafting a visual identity and wayfinding system that celebrated the FlexEtc brand’s individuality while delivering clarity, consistency and a sense of place across all environments” said Andrew Capeluto, Studio Manager, Branding. 

 CONTACTS:

 Rachel Devany

VP Public Relations, KCOMM

for Ware Malcomb

 

Maria Rodgers, Director,

PR & Communications,

 949.660.9128, 

mrodgers@waremalcomb.com

 

Sean Boswell,

Public Relations Specialist,

 949.788.4129, 

sboswell@waremalcomb.com