Atlanta Hospitality Alliance (AHA) Celebrates 10th Anniversary

Michael G. Murphy

       ATLANTA, GA,  Dec. 4, 2019—The Atlanta Hospitality Alliance (AHA), the premier peer-to-peer learning and networking organization for current and future hospitality investment leaders in Atlanta, today announced its 10^th anniversary of promoting the hospitality industry through networking and education.  

Caroline Karlberg Royster

To celebrate the occasion, the organization hosted a distinctive event at the Crowne Plaza Atlanta Perimeter at Ravinia hotel that included a special decade anniversary toast, “Year in Review” presentation by CBRE America Hotels Research and a unique panel discussion on “The Rebirth of a Flagship.”

Colin Macdonald

            “When the original members of AHA came together in 2009, our main goals were to advance the causes and expansion of the hospitality industry within the Greater Atlanta Metro area, and as we celebrate our first decade of existence, we believe we have taken meaningful steps towards accomplishing those goals,” said Michael G. Murphy, president, AHA.  

Michael Ritz

“We take great pride in not only advancing the industry locally, but in helping others achieve their hospitality goals by way of numerous scholarships and educational programs throughout the year.  With the hospitality industry enjoying one of its most profitable points to date, we very much are looking forward to what the next decade brings.”

James Savier

            AHA also named the following Board Members:

Caroline Karlberg, Legacy Ventures, Director of Business Development; Karlberg is responsible for identifying new business opportunities that meet Legacy Ventures’ investment objectives, including opportunities in acquisition, ground-up development, and third-party operations management. She underwrites and reports on targeted business opportunities, providing market research, entitlement analysis, operating projections, and discounted cash flow modeling and sensitivity analyses. Karlberg holds an undergraduate degree in business administration from Bucknell University and a Master of Science in hospitality management from Florida International University.  She also is a board member of the Atlanta Hospitality Alliance and is active in Georgia Women in Lodging, the American Hotel and Lodging Association and the Georgia Hotel and Lodging Association.

Will Woodworth

Colin Macdonald, InterContinental Hotels Group, chief of staff to the CEO and director of growth;  Macdonald is responsible for strategic initiatives in the Americas and day-to-day management of the office of the CEO.  He also serves as a liaison to the IHG Owners Association and is an active member of the Metro Atlanta Chamber of Commerce.   He graduated from Wheaton College in Illinois with concentrations in philosophy and business economics and a minor in theology.

Michael Ritz, Peachtree Hotel Group, director of investments; Ritz is responsible for managing financial analysis and deal execution on Peachtree’s acquisitions, development, and joint-ventures.  Michael graduated from Stonehill College with a Bachelor of Science in finance. later earned his Master of Management in hospitality from Cornell University’s School of Hotel Administration, concentrating in real estate. During his time in college, Michael worked with hotel owner operators, such as Hilton Worldwide, and Hyatt Hotels Corporation.

James Savier, JLL, vice president; Since joining JLL, Savier has been involved in the sale of more than 20,000 hotel rooms totaling over $5 billion. Before joining Jones Lang LaSalle, Savier worked at Deloitte Consulting as a consultant with a core focus in financial modeling. During his tenure, he served clients in several industries, including banking, aerospace and defense, technology and telecommunications.  Savier completed his undergraduate work at the University of Georgia where he received a Bachelor of Science degree in business administration with a concentration in Finance. James also is an active member of JLL’s Young Guns program and a founding member of Atlanta’s Young Guns Alumni Organization.

Crowne Plaza Atlanta Perimeter at Ravinia hotel

Will Woodworth, Stormont Hospitality Group, vice president of investments; Woodworth brings over 10 years of experience to his role as vice president of investments for Stormont Hospitality Group. He has managed the sourcing, structuring, and underwriting processes for hotel opportunities, deploying capital via debt and equity vehicles, with experience evaluating opportunities across the U.S. and representing over $1.5B in debt originations and $500M of asset value in equity investments across hotel segments and brands.  Woodworth is a graduate of Georgia Institute of Technology (B.S. in Management) and Cornell University’s Johnson Graduate School of Management (M.B.A. with a minor in Real Estate). 

“Of all the goals we’ve accomplished over the past decade, providing educational opportunities to tomorrow’s hospitality experts has been one of the most fulfilling for our organization,” Murphy added.  

“To date, we have donated more than $50,000 in scholarships to students attending such institutes of higher learning as Georgia State University, Kennesaw University and Michigan State University, all of which have phenomenal hospitality programs, as well as the Castell Project, which is dedicated to accelerating the careers of women professionals in the hospitality industry.  We look forward to seeing what these future stars will accomplish.”

CONTACT:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

chris@dalygray.com | www.dalygray.com

Hold-Thyssen Closes on New Five Year Office Lease to Healthcare Provider in South Kissimmee, FL

Martin Forster

KISSIMMEE, FL  --- Hold Thyssen, Inc., a full-service commercial property firm based in Winter Park , recently closed on a five-year lease to a community-based provider of substance abuse and behavioral health services at 1216 Patrick St. in Kissimmee.

  Martin Forster CCIM, of Hold-Thyssen, negotiated the transaction representing the building’s landlord, 1217 Patrick St , LLC.

Serving Children and Reaching Families, LLC (SCARF) represented by Agent Trust Realty, leased a 2,450 square foot suite in the building.   SCARF provides counseling, coaching and case management for children, adolescents and adults. They also have a location in Orlando . 

Anthony Fisher

“The tenant was seeking premises that could be customized to meet their needs in the South Kissimmee market near the medical services area off John Young Parkway,”  Forster said.

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 that 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

Beth Payan, Larry Vershel Communications Inc. 

407-644-4142 beth@larryvershel.com

Regal | Christie’s International Real Estate in Central Florida Continues to Break Sales Records

This 4,121-square-foot-lakefront home on Sylvan Woods Drive in West Sanford, FL, sold to a Chicago Bears football player, went for $1.425 million

LAKE MARY, FL  – The new Lake Mary office of Regal | Christie’s International Real Estate, the company’s fifth Central Florida location, has successfully closed more than $38 million in transactions in 2019.

Opened less than a year and staffed with three sales consultants, the office at 1711 International Parkway in Heathrow closed more sales than any other real estate brokerage firm in Lake Mary in October, according to Chris Christensen, broker/owner of the company.

“And, we’ve had five record sales this year,” Christensen said. “There are much larger brokerages in Lake Mary – some with as many as 100 consultants – that haven’t closed as much as we did…over $9,000,000 in October.”

The record-setting began in the spring when they listed and sold an 11,340-square-foot-estate on Bridgewater Drive in Heathrow Woods for $2,310,000, making it the largest resale in Heathrow Woods’ history. 

“Our sales continued in the summer when we handled the sale of a 4,121-square-foot-lakefront home on Sylvan Woods Drive in West Sanford to a Chicago Bears player,” he said, adding that the $1,425,000 price is the highest sale price per square foot in Sylvan Lakes ’ history, at that time.   

 This 15,111-square-foot mansion and its accompanying 3,164-square-foot carriage house on Saddleworth Place  in Heathrow’s Chestnut Hill community was sold for $3.05 million

Next, the company sold a 3,384-square-foot South Sylvan Lake Drive home for $1,319,000 making it the highest price per square foot resale in West Seminole County and the new record price per square foot sale on Sylvan Lake.

In October, Christensen said the company closed the sale of a 15,111-square-foot mansion and its accompanying 3,164-square-foot carriage house on Saddleworth Place  in Heathrow’s Chestnut Hill community for $3,050,000, making it the largest resale in Lake Mary history, and one of the largest in Seminole County.

Regal | Christie’s also saw another record-breaking sale in April with a 10,000-square-foot estate at 866 Via Lugano in Winter Park selling for $7.25 million which was that city’s second most expensive sale in history, according to Christensen. An agent in the Lake Mary office represented the buyers in that sale.

Chris Christensen

“This rapid growth of luxury housing here in Central Florida seems unfaltering, with more and more buyers wanting to make their homes in this area of our state,” he said.

Now operating five central Florida offices in Orlando, Celebration, Winter Park, Lake Mary and Clermont, Regal | Christie’s employs top performing agents who provide buyers and sellers of luxury real estate with an unparalleled level of customer service.

Since 1766 the Christie’s name has been instantly and internationally recognized as synonymous with quality and prestige with a steadfast commitment to excellence of service.

Photos provided by Regal | Christie’s International Real Estate.

CONTACTS:

Patrick Gould, Regional Sales Manager, Regal | Christie’s International Real Estate, 407-770-8470 or Patrick@RegalRealtyOrlando.com  

Chris Christensen, Broker/Owner, Regal | Christie’s International Real Estate 407-312-8003 or Chris@RegalRealtyOrlando.com

Beth Payan, Larry Vershel Communications Inc. 407-644-4142, 407-461-3781 or Beth@larryvershel.com

NAI Realvest Completes New Expansion Leases to High-Tech and Engineering Firms in East Orlando, FL

 

  Mary Frances West

ORLANDO, FL --- NAI Realvest, one of the leading providers of real estate services in Florida , recently negotiated office leases at University Court and Lake Underhill Business Center in East Orlando near University of Central Florida with its emerging talent pool. 

Tom R. Kelley II

  Mary Frances West, CCIM, Vice President, represented University Court Landlord Interchange–FL Rouse, LLC of Daytona Beach in negotiating two leases at the facility located at 3361 Rouse Rd.  

 Vonix, LLC, a firm that employs five people providing businesses with cloud-based communication services, leased 1,380 square feet.  Growing Chicago-based civil engineering firm Ardmore Roderick expanded by 1,122 square feet for a total of  2,502 square feet of space boosting University Court’s occupancy to 100 percent.

Michael Danforth

 Tom R. Kelley II, CCIM, principal in the firm represented Landlord Harrington/Mishler LLC in a new lease at the Business Center located at 11549 Lake Underhill Rd.  

 The new tenant who leased 2,100 square feet is Lazen Power Engineering, LLC providing engineering services, substations, training and education to the utility industry.   Michael Danforth of Cresa Orlando represented the tenant in the transaction.

CONTACTS:

Mary Frances West, CCIM, Vice President, NAI Realvest, 

407-875-9989 mwest@realvest.com;

 Tom R. Kelley II, CCIM, Principal, NAI Realvest, 

407-875-9989 tkelley@realvest.com  

 Patrick Mahoney, President / CEO, NAI Realvest, 

407-875-9989 pmahoney@realvest.com

 Beth Payan, Larry Vershel Communications, 

407-644-4142 beth@larryvershel.com

 www.nairealvest.com.

JLL closes $24.1 million sale of Wonderland Marketplace near Boston, MA

Wonderland Marketplace, a 139,507-square-foot, fully leased shopping center anchored by Marshalls, Big Lots and Planet Fitness on Route 1A in Revere, MA

BOSTON, MA, Dec. 3, 2019 – JLL announced today that is has closed the $24.1 million sale of Wonderland Marketplace, a 139,507-square-foot, fully leased shopping center anchored by Marshalls, Big Lots and Planet Fitness in an infill, transit-oriented location on Route 1A in Revere, Massachusetts.

JLL marketed the property on behalf of the seller, a partnership between Winstanley Enterprises and Surrey Equities. Urban Edge Properties purchased the asset.

Situated on 15.67 acres at 151 VFW Parkway (Route 1A), Wonderland Marketplace is adjacent to the newly remodeled MBTA Blue Line Wonderland Station, which provides direct access to downtown Boston less than five miles away. 

Nat Heald

The retail center is in an infill location proximate to the area’s largest development projects, which includes more than 900 new multi-housing; over 1,100 new hotel rooms; and the pending development at Suffolk Downs, which will house nearly 16 million square feet of office, retail, hotel and multi-housing space once fully built-out on its 161 acres.

 Nearly 181,000 residents earning an average annual household income of $74,644 live within a three-mile radius of the center.

The JLL Retail Capital Markets team representing the seller was led by Executive Vice President Nat Heald and Managing Director Chris Angelone.

“Wonderland Marketplace was an extremely compelling opportunity to acquire a shopping center directly in the path of Boston’s expansion northwards,” Heald said.

Chris Angelone

 “With the recent Amazon announcement, the pending development at Suffolk Downs, the upgraded Wonderland T station and all the residential development along Revere Beach, Wonderland Marketplace is extremely well located to benefit from future growth in the market.”

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Contact: 

Kimberly Steele
 Digital Content/PR Specialist

Phone: +1 713 852 3420

Email: Kimberly.Steele@am.jll.com

winent.com
 jll.com
uedge.com 
surreyequities.com

Fogelman Properties Promotes Mike Aiken to SVP of Investments

Mike Aiken

MEMPHIS, TN, Dec. 3, 2019 -- Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the promotion of Mike Aiken to Senior Vice President of Investments.

Aiken has more than 13 years of real estate experience and is responsible for leading the effort of Fogelman’s multifamily acquisition, through sourcing, evaluation, and closing of Fogelman’s real estate investments.

Mark Fogelman

“Since joining our team in early 2018, Mike has done a tremendous job spearheading the growth of Fogelman’s investment holdings and enhancing our transactional platform,” says Mark Fogelman, President of Fogelman Properties. “We’re thrilled to recognize Mike’s success and look forward to his leadership under his expanded responsibilities.”

Before joining Fogelman in 2018, Aiken served as both the Director of Investments and Investment Manager in leading acquisition sourcing and disposition efforts at Bell Partners. During his time at Bell Partners, Mike completed more than $1B in acquisitions and dispositions within the Atlanta, Austin, Baltimore, Boston, Central Florida, Dallas-Fort Worth, Nashville and Washington, D.C. markets.

CONTACT:

Brittanie Price
BCENE Public Relations

bprice@bcenepr.com 

703.967.4771

www.fogelman.com

 Facebook, Twitter and Instagram.

MCA Realty Repositions and Sells 94,808-SF Multi-Tenant Industrial Business Park in Las Vegas, NV

  

Walnut Business Park, a two-building, 94,808 square-foot
 multi-tenant industrial business park in Las Vegas, NV

Tyler Mattox

            Las Vegas, NV – MCA Realty, a full service real estate investment and management company, has sold Walnut Business Park, a two-building, 94,808 square-foot multi-tenant industrial business park in Las Vegas, Nevada.  MCA sold the asset to CapRock Partners, LLC for $7.85 million.

According to Tyler Mattox, Principal at MCA Realty, the firm initially acquired the property for $5.15 million in 2016 and implemented a strategic repositioning plan, which allowed the company to stabilize and sell the asset for an approximate 52.4% increase three years later.

 Dan Doherty

“When we acquired Walnut Business Park, it was in need of renovations and aesthetic upgrades,” explains Mattox. 

“We knew, given its location, its strong street visibility adjacent to East Cheyenne Avenue, and the rapid growth underway throughout the Las Vegas metro, that there was a strong opportunity for value creation by renovating the asset, leasing up vacant space, and bringing rents up to current market value.”

 Chris Lane

            MCA Realty implemented a series of interior and exterior renovations to the property including new exterior paint, upgrades to the parking lot, and new signage, among other upgrades. The firm also addressed deferred maintenance repairs.

            "By implementing these upgrades, we were able to attract a diverse group of tenants, increasing occupancy from 75% to 94%,” says Mattox. “This stabilized the rent roll, increased cash flow, and made the asset attractive to potential buyers.”

Paul
Sweetland

In addition to renovations, MCA individually subdivided the property so that units can be sold off separately as individual “air-space” condominiums. This includes 16 units that average 5,700 square feet.

“Individual condominium units are a unique feature not typically found in a multi-tenant industrial property. The flexible disposition options added value to the asset,” says Mattox.

 “The Las Vegas metro has transformed over the last five years, emerging as a hub of growth attracting high-profile tenants and institutional capital.

 Mike Kendall

"The opportunity for increased returns through the sale of individualized condominium units coupled with rising rent growth as the Las Vegas market matures resulted in strong buyer interest.”

Walnut Business Park is located at 3020-3060 N. Walnut Road in Las Vegas, Nevada. Dan Doherty, Chris Lane, Paul Sweetland, Mike Kendall, and Jerry Doty of Colliers represented MCA Realty as the seller in this transaction.

 Jerry Doty 

About MCA Realty

MCA Realty is a full-service real estate investment and management company specializing in office and industrial properties throughout the Western U.S.

The goal of the company is to identify commercial real estate investment opportunities and execute value-creation strategies that maximize returns to its investors. 

Peter Cheng 

 MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng have successfully navigated a full spectrum of market conditions and pride themselves on building and maintaining strong relationships with industry partners.

 More information is available at www.mca-realty.com.

Contacts:

Katie Haga / Lexi Astfalk

Brower Group

(949) 438-6262

khaga@brower-group.com