Seefried Completes 8.82-acre assemblage in Elk Grove Village, IL

Located in the highly sought-after Centex Industrial Park
in Elk Grove Village, IL, Seefried plans to construct
 a two-building 163,000 SF spec industrial development.

David Riefe

ELK GROVE, IL -- Seefried Industrial Properties recently acquired an 8.82-acre land site with plans to break ground immediately on a two-building 163,000 SF spec development.

 

The 8.82-acre site is an assemblage of six (6) residential parcels that Seefried re-zoned and consolidated to accommodate this development. 

 Jonathan Kohn and Ron Behm at Colliers International represented Seefried on the assemblage.

Located in the highly sought-after Centex Industrial Park in Elk Grove Village, the project will   feature 32-foot height clear heights, 195’ concrete truck courts, an ESFR sprinkler system, 24 docks, 8 trailers and 175 parking spaces. 

 The site offers close proximity to I-290 and I-355 and is minutes from O’Hare International Airport.  Combined with the I-290 North Submarket to south of the airport, the greater O’Hare area totals more than 215 million square feet and is one of the largest industrial submarkets in the country. 

Jonathan Kohn

 “After successfully developing, leasing and selling a 215,000 SF spec facility prior to its completion in Pleasant Prairie, Wisconsin, Seefried is pleased to be partnering again with the same team on this development," said David Riefe, Senior Vice President of Seefried Properties.

  

 "While real estate markets have changed dramatically over the past several months, we are confident this project caters to emerging trends such as last mile distribution near the population center.” 

Harris Architects has been engaged as the project architect; Jacob & Hefner is the civil engineer and Premier Design + Build is the general contractor.  The project is scheduled for completion during the first quarter of 2021.

Ron Behm

About Seefried Properties

Seefried Properties was founded in 1984 by Ferdinand Seefried and is still 100 percent privately owned today.  

The firm focuses on industrial development in core markets and build-to-suits with corporate tenants and users in first and second-tier markets. 

Seefried's development, construction, leasing, property management and accounting teams firmly believe that client relationships are solidly built on trust and further developed by each individual experience.  

Ferdinand Seefried 

Seefried is based in Atlanta, with regional offices in Los Angeles, Dallas/Fort Worth, Chicago and Phoenix.  

Seefried Properties has built over $9 Billion in development volume in 25+ markets across the U.S.

 

 CONTACTS:

Dave Riefe

Senior Vice President – Midwest Region

Seefried Industrial Properties

daveriefe@seefriedproperties.com     +1 630.215.5323

Barbara Bennett
Marketing Coordinator
Seefried Industrial Properties
3333 Riverwood Parkway · Suite 200
Atlanta, Georgia 30339
O: 770.702.8207 │ M: 520.661.9641
bbennett@seefriedproperties.com
www.seefriedproperties.com

corporate.colliers.com

JLL secures $26.65 million financing to develop Austin mixed-use property

Rendering of planned Red Bluff Development, Austin, TX

 DALLAS, TX – JLL Capital Markets announced it has arranged $26.65 million in construction financing for the Red Bluff Development, a Class A, 91,635-square-foot office and retail development in a Qualified Opportunity Zone in Austin, Texas.

 De'On Collins

JLL worked on behalf of the developer, HN Capital Partners, to place the loan with Bank OZK. 

HN Capital Partners is developing the project in partnership with Austin-based Red Bluff Partners, which acquired the land in 2014.

The building will be the first phase of a mixed-use project and consists of a five-story, Class A office building and ground-floor retail space along with a 269-stall parking structure.

 Designed by Studio Rick Joy, the building will feature open floor plans with ample natural light. The developer plans to construct a boutique hotel as part of the second phase.

The building will be situated on 1.09 acres at 4713 E. Cesar Chavez St. in the East Austin District, a live-work-play area in Austin that embodies the quintessential Austin lifestyle.

This premier location provides access to the city’s trendy amenity base, which includes more than 2.2 million square feet of retail and more than 6,500 multi-housing units.

Chris McColpin

The JLL Capital Markets Debt Placement team representing the equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

The borrower was led by Senior Directors De'On Collins and Chris McColpin, Associate Jayme Nelson and Analyst Alastair Barnes.

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 advisory, debt placement,

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

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Jayme Nelson 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

Ray Lee Hunt 

About HN Capital Partners

HN Capital Partners is an opportunistic investment manager founded and operated by Vipin Nambiar, with the backing of Hunt Investment Group (a company led by Ray L. Hunt and his family). 

 Alastair Barnes

HN Capital runs multiple strategies on behalf of its investors and takes a long-term and opportunistic approach to compounding capital.

 Cross capital-structure real estate investments are one of the key investing areas for HN Capital, and it was the co-developer of marquee projects like the Virgin Hotel Dallas.

About Red Bluff Partners

Red Bluff Partners is led by a group of experienced sponsors including John Scott and Bernt Kuhlmann, who have brought in a stellar team of industry experts in order to design and execute their vision of a cornerstone property in an evolving and blossoming east Austin community.

CONTACT:

Kimberly Steele

JLL Senior Associate

Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

EverWest Acquires Inland Empire Industrial in $37 Million Off-Market Deal

                                

Magnolia Pointe, 1560 E. 6^th Street, Corona, CA

Erik Good

CORONA, CA, June 11, 2020 – Representing its second major off-market industrial acquisition in just over two months, Denver-based EverWest Real Estate Investors has completed the $37 million, seven-year sale-leaseback acquisition of Magnolia Point – a 210,345-square-foot Class A industrial building in California’s high-demand Inland Empire West submarket.

The building, which is located at 1560 E. 6^th Street in Corona, California, sits near the intersection of Interstates 10 and 15. It is 100 percent leased by Amrapur Overseas, Inc.

Richard Schwartz

“A strong industrial sector has made off-market, sale-leaseback scenarios like Magnolia Point an extremely attractive strategy for both the buyer and seller,” said EverWest Managing Director Erik Good, who oversees the company’s Southern California acquisition activity.

“We have been actively pursuing and closing deals just like this – involving well-located buildings with a stable tenancy and a solid value trajectory.”

Built in 2014, Magnolia Point is a Class A warehouse/distribution building featuring 32’ clear height, 21 dock-high doors, two ground-level doors, a 150-foot truck court and more than 27,300 square feet of office space.

Joey Reaume

Richard Schwartz, Joey Reaume and Tommy Gilmore of Colliers International represented EverWest in the acquisition. Jim deRegt of Lee & Associates represented the seller.

EverWest is an active investor and lender across the United States, including regional activity in the Southwestern U.S. spanning industrial, office and multi-family product.

About EverWest Real Estate Investors LLC

 Tommy Gilmore

EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado.

The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets.

Jim deRegt 

For more information on EverWest, please visit www.everwest.com.

 For more information on GWL Realty Advisors, please visit www.gwlra.com.

CONTACT:

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

Regency Centers Issues Annual Corporate Responsibility Report

Lisa Palmer

JACKSONVILLE, FL, June 11, 2020 (GLOBE NEWSWIRE) -- Today, Regency Centers Corporation (“Regency” or the “Company”) (NASDAQ: REG) announced the release of its annual Corporate Responsibility Report.

The report illustrates Regency’s continued commitment to corporate responsibility and key environmental, social, and governance initiatives and achievements.

A copy of the full report can be found on Regency’s Corporate Responsibility site.

“Our commitment to corporate responsibility is rooted in our founding core values,"  said Lisa Palmer, President and Chief Executive Officer.

"These values serve as the guiding principles for how we do business, holding ourselves to a high standard every day, including in today’s uncertain environment.

“Throughout the disruptions resulting from the recent COVID-19 pandemic, Regency has maintained our commitment to doing all that we can to ensure the well-being of our team members, tenants, and the communities that our properties serve.

"Additionally, the recent disturbing events resulting in calls for action have made it very clear that we all must address the issues of social injustice and systemic racism. Regency is committed to being part of a necessary change to make our society more just and equal.”

Laura Clark

About Regency Centers Corporation (NASDAQ: REG)

Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas.

Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

 Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member.

Our operations are subject to a number of risks and uncertainties. When considering an investment in our securities, you should carefully read and consider these risks, together with all other information in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and our other filings and submissions to the SEC, which provide much more information and detail on our business.

For more information on the company, please visit RegencyCenters.com.

CONTACT:

Laura Clark
904 598 7831
LauraClark@RegencyCenters.com

 

Chhabria Real Estate Co. Introduces Newly Constructed Luxury Home in Exclusive Rolling Hills, CA Community

Hacienda del Prado,17 Crest Road, East Rolling Hills, CA

ROLLING HILLS, CA -- Chhabria Real Estate Company has a newly constructed luxury home located in Rolling Hills, one of Palos Verdes’ most elite communities. It is listed for $19 million. The home, named Hacienda del Prado, is an extremely rare property because it was built in 2020 and sits on one of the biggest property lots in Rolling Hills at 17 Crest Road East.   Brand new constructions are almost unheard of for Rolling Hills, which was incorporated back in 1957.  Michael Burch   Rolling Hills was developed by A.E. Hanson who also developed Hidden Hills, one of the most elite communities in the country.  Not to mention, Hacienda del Prado features gorgeous views of Catalina, the coastline, and the Pacific Ocean.  The property was designed by husband and wife architects Michael Burch and Diane Wilk. The couple is known for their lavish Spanish style and has designed homes for Bruce Springsteen, John Getty, Rod Stewart, Jim Belushi, John Bailey, and Robert Richardson.  Hacienda del Prado is one of the most expansive ocean view properties to ever be offered on the Palos Verdes Peninsula.  A.E. Hanson  This 8,900 square-foot home sits on 10.28 acres of flat land in Rolling Hills. The five bed and nine bath Spanish revival style home is listed for $18,999,000. The home includes a luxurious 5-stall barn, paddock and riding arena, enormous pool deck with a pergola, tennis court, two large motor courts, 1,000 square foot basement, and much more.       Hacienda del Prado is located in one of the most private and exclusive communities in California. Rolling Hills’ equestrian charm has been maintained through the ample space between homes, absence of traffic lights, and large number of horse trails.  CONTACT:

Dilan Mistry

Creative Director

Chhabria Real Estate Company
E: dilan@nativefour.com
M: 310.529.1828

JLL closes $2.18 milion sale on newly constructed Starbucks prototype building in Chicago Ridge, IL

 

New, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, IL

               

CHICAGO, 11 – JLL Capital Markets announced it has closed the $2.18 million sale of a new, single-tenant, net-leased, 2,400-square-foot retail building occupied by Starbucks in the Chicago suburb of Chicago Ridge, Illinois.

JLL marketed the property on behalf of the seller, Glazier Corporation. An undisclosed investor purchased the asset.

The property is occupied by investment-grade tenant Starbucks Corporation (NASDAQ: SBUX), which is the world’s largest coffee house chain and has more than 30,000 locations in 70 countries.

Alex Sharrin

Completed in 2020, the building is a Starbucks prototype with a drive-thru and patio. 

The property is situated on 9.59 acres at 10259 S. Harlem Ave. in Chicago Ridge, which is about 15 miles southwest of downtown Chicago.

The building is at the highly trafficked intersection of South Harlem Avenue and 103rd Street, which makes it visible to more than 53,000 vehicles per day.

 The property is also within a trade area that welcomes 6.9 million visitors annually and a dense trade population of more than 800,000.

The JLL Net Lease Capital Markets team representing the seller was led by Managing Director Alex Sharrin.

“Net-leased assets with drive-thrus leased to strong credit remain attractive in the marketplace,” Sharrin said.

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

 CONTACT:

Kristen Murphy

Senior Manager

Public Relations

JLL Capital Markets

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

us.jll.com/capitalmarkets

jll.com.

 Glazier Corporation .

Arbor Funds $13.9 Million in Fannie Mae Small Loans Across the Nation

Geoffrey Platt

The College Crest,
 LaBoiteaux and 
Hillcrest Apartments
 Cincinnati, OH

UNIONDALE, NY, June 10, 2020 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded seven Fannie Mae Small Loans across the nation. The multifamily properties, totaling 256 units, received $13.9M in financing. 

Geoffrey Platt of Arbor’s New York City office originated the loans.

 “These transactions highlight Arbor’s steadfast commitment to providing successful outcomes for our financial partners,” Platt said.

Pinebrook Apartments,
Florence, AL

 “No matter the location or the current environment, we are always here to ensure our clients achieve their fiscal goals.”   

Built in 2019, Taylor Row Apartments in Punta Gorda, FL, received $1.2M in refinancing though the Fannie Mae Small Loan program. 

The 16-unit upscale property features studio, one- and two-bedroom floorplans with granite countertops and stainless steel appliances, and is within walking distance of downtown Punta Gorda.

13628 Pennsylvania Avenue
Hagerstown, MD

Girard Court Apartments in Killen, TX, received $1.3M in refinancing through the Fannie Mae DUS® program. The one-story furnished property was built in 2006.

 It features 24-units with hardwood floors, built-in bookcases, vaulted ceilings and French doors. 

The complex is conveniently located with major highways, parks and local dining nearby.

Pinebrook Apartments in Florence, AL, received $2.4M in refinancing through the Fannie Mae Small Loan program. The 41-unit multifamily property was built in 2008 and is a short distance from the UNA Planetarium & Observatory.

Arbor Court Apartments
Idaho Falls, ID

13628 Pennsylvania Ave. in Hagerstown, MD, received $1.1M in acquisition funding through the Fannie Mae Small Loan program.

 Built in 2012, the mixed-use, multifamily property is within walking distance of retail shopping and restaurants. 

Arbor Court Apartments in Idaho Falls, ID, received $1.9M in refinancing through the Fannie Mae Small Loan program. The six-unit, two-story property was built in 1953 and features a playground,  laundry facility and onsite parking. It is within close proximity to parks and retail shopping.

The College Crest, LaBoiteaux and Hillcrest Apartments in Cincinnati, OH,  received $3.7M in acquisition funding through the Fannie Mae Small Loan program. The multifamily garden-style properties include six buildings and 103-residential units.

 Bournemouth Apartments
Harper Woods, MI

The Bournemouth Apartments in Harper Woods, MI, received $2.3M in refinancing through the Fannie Mae Small Loan program. The two-story, 48-unit multifamily complex is conveniently located with shopping and dining nearby.

 About Us

 Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets.

Taylor Row Apartments
  Punta Gorda, FL

Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer.

Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com