JLL completes over 13,000 SF of new office leases at Sky Harbor Towers in Phoenix, AZ

Sky Harbor Towers, 4605 and 4615 East Elwood Street in Phoenix, AZ. The property totals two buildings and 219,670 square feet at the junction of Interstate 10 and State Route 143

Chris Latvaaho

PHOENIX, AZ – Continuing its leasing momentum at Sky Harbor Towers, the Phoenix office of JLL has completed a 9,449-square-foot office lease with National Partners in Healthcare (NPH).

 The lease establishes a first-ever Valley office for NPH, a national healthcare organization delivering best-in-class anesthesiology services and marks 13,000 square feet of new office leases completed at Sky Harbor Towers this quarter.

 “Phoenix has a thriving healthcare market with steady demand for services – the perfect place for a company like NPH to increase its footprint to grow its already strong local presence,” said JLL Senior Vice President Chris Latvaaho, who represented Sky Harbor Towers owner, a venture between The Muller Company and Harbert Management Corporation,

John Bonnell,

Also assisting were JLL Managing Director John Bonnell, Executive Vice President Brett Abramson and Associate Chris Beall.

“Sky Harbor Towers gives NPH access to a tremendous labor pool and a location at the center of the Valley’s robust local freeway system. The building is also newly renovated, giving NPH the latest modern conveniences,” adds Latvaaho.

 NPH was represented by Dominic Perry of Avison Young.

 Located at 4605 and 4615 E. Elwood St. in Phoenix, Sky Harbor Towers totals two buildings and 219,670 square feet at the junction of Interstate 10 and State Route 143 – less than four miles from Sky Harbor International Airport.

Brett Abramson 

Project amenities include an on-site fitness center, deli/café with outdoor seating, shaded outdoor meeting area, tenant lounge and upgraded lobbies, elevators, common areas and exterior landscaping.

The building’s freeway visibility is enhanced by an available building-top sign and soon-to-be-completed freeway monument sign.

Sky Harbor Towers was purchased by The Muller Company and Harbert Management Corporation in 2015 as a vacant asset. 

It has since received a $20 million renovation and leased to tenants including Allegis Global Solutions, Ready Logistics, Aspen University and XPO Logistics.

 JLL has also just signed an additional, 4,000-square-foot lease with Sentry Management Inc., a homeowners association management company that will relocate to Sky Harbor Towers from within the market.

Ross Peterson 

 The commitment brings third quarter lease activity at Sky Harbor Towers to more than 13,000 square feet. 

Ross Peterson with Colliers International represented the tenant.

NPH will move into its new space at Sky Harbor Towers in December. Sentry will occupy its space during fourth quarter 2020.

 Remaining space at the project includes a full 7^th/top floor in the 4605 building (18,249 square feet), a full second floor in the 4615 building (26,000 square feet), and two additional suites totaling 7,500 and 8,800 square feet.

 For more information, please visit www.skyharbortowers.com.

CONTACTS:

Stacey Hershauer

Phone: +1 480 600 0195

Email: stacey@focusaz.com

www.jll.com.

themullercompany.com.

DAUM Commercial Brokers $14.8 Million, Six-Year Industrial Sublease in La Mirada, CA

DAUM Commercial brokers six-year, $14.8 million sublease 
in this 254,700-SF  warehousing and distribution facility 
at 15300 Desman Road, La Mirada, CA

LA MIRADA, CA, July 30, 2020 – DAUM Commercial Real Estate Services recently secured a six-year sublease of a building in the Los Angeles County city of La Mirada, California on behalf of the sublessor, All-Ways Pacific LLC, for a total consideration of $14.8 million.

Wade Tift 

The new tenant, Orange Courier, a messenger, delivery, warehousing and distribution services company, is relocating from a nearby Orange County location. Orange Courier was represented by JLL, Wade Tift in the transaction

According to Nate Ortega, an Associate based out of DAUM’s Mid-Counties office, strategically utilizing this sublease option helped achieve the business objectives of both parties involved, even through the uncertainty caused by the COVID-19 pandemic.  

“Our Client, a major shipping and logistics operation, was consolidating multiple locations into a single, larger facility,” explains Ortega, who completed the sublease transaction alongside Casey Mungo, an Executive Vice President at DAUM.

Nate Ortega

“With several years left on their existing lease, they decided to sublease the property, and we were ultimately able to help them make a more seamless transition.”

Ortega notes that the Mid-Counties industrial submarket is one of the tightest, posting a 2.68% vacancy rate in Q2, according to a recent DAUM report.

Mungo adds: “While the sublessor had a rare facility in an ideal location, the market had come to a near stand-still following the pandemic declaration.

"Many tenants have been taking wait-and-see approach before making their next moves, if they are able.

"As a testament to our relationships in the market and the strength of this asset, we were able to consummate a deal with a sublessee who could see the larger picture.”

.

Casey Mungo

 “This asset is located right at the border of Los Angeles and Orange counties near major thoroughfares including Interstate 5, State Route 91, and Beach Boulevard, providing the tenant convenient access throughout the region,” continues Ortega.

The Class A property features 41’ clear height, 43 dock high loading doors, one ground level loading door, ESFR sprinklers and two secured yards. 

CONTACTS:

Katie Haga / Elisabeth Manville  
Brower Group  
(949) 438-6262 
khaga@brower-group.com 

Nadel Architecture + Planning Continues Rapid Expansion, Appointing Anthony Sanchez to Oversee Retail Studio and Promotes Ancelmo Perez to Studio Director

Anthony Sanchez 

LOS ANGELES, CA, July 30, 2020 –  Nadel Architecture + Planning, Los Angeles’ premier architecture and design firm, has continued its strategic and rapid expansion by adding Anthony Sanchez as Design Director to oversee the firm’s design and promoting Ancelmo Perez to Studio Director.

“As clients place their trust in us and award us with significant projects even during these unprecedented economic times, we are focused on having the proper team in place to deliver the unparalleled services on which Nadel has earned its reputation,” says Greg Lyon, Chairman of the Board and Principal for Nadel.

“In moving forward with our firm’s extraordinary growth trajectory, we are thrilled to welcome Anthony to our team and to elevate Ancelmo as an experienced member of our team.” 

Ancelmo Perez

In his new role with Nadel, Sanchez will focus on designing urban-infill retail and mixed-use with his experience on large-scale experiential shopping destinations. 

“I’m excited to begin this new chapter with Nadel,” says Sanchez. “Nadel is the iconic L.A. architecture and design firm, and I’m looking forward to being an integral part of the next generation of Nadel leadership.” 

Before joining Nadel, Sanchez served as senior project designer for L.A.-based URW (Unibail Rodemco Westfield), where he led the exterior design for the $1.2 billion Westfield Century City project, as well as other mixed-use and residential projects within the firm’s design portfolio.

Greg Lyon

 In addition to focusing on densification, over the past two decades Sanchez has worked in various design capacities with Architects Orange, WET Design, and KTGY Group, Inc, beginning at Nadel as an intern in 2001.

“Anthony and I have known each other professionally in the architecture field for 13 years,” says Lyon. “As design director, he will help us deliver superior design projects to our clients.” 

In Ancelmo Perez’s new role as Studio Director, he is responsible for leading the studio’s culture and philosophy, financial management, architectural management, and business development efforts.

An eight-year veteran with the firm with 15 years of industry experience, Perez was most recently a senior designer, focusing on ground-up multifamily properties.  

Ryan Weller

“I am exceptionally proud to be a part of a team that consistently delivers the highest caliber of architectural design projects in the business,” says Perez. “I’m looking forward to continuing Nadel’s proud legacy.” 

Lyon notes that Perez is an integral part of the Nadel team who will assist in ushering in a new era for the firm.

“We are fortunate to have Ancelmo working with us to help produce the high-quality projects that solidify our status as the Southern California architecture and design firm that the commercial real estate industry has known and trusted for the last 47 years.” 

Patrick Winters

The two team changes come on the heels of Nadel’s hiring of Ryan Weller as Director of Retail to manage the firm’s new Direct-to-Retail studio of retailer services and design. 

Nadel also recently announced its restructuring to position for long-term growth. As part of the firm’s evolution into its next chapter, Lyon and Patrick Winters, veteran principals at the firm, officially took the helm as Nadel’s next generation of leaders. In the restructuring, Winters was also appointed President of the firm. 

www.nadelarc.com.  

  

CONTACTS:

Alex Caswell / Lexi Astfalk 

Brower Group
(949) 438-6262 

acaswell@brower-group.com 

JLL Capital Markets expands Minneapolis team with veteran brokers Dave Berglund and Colin Ryan

David Berglund 

MINNEAPOLIS, MN  –- JLL Capital Markets announced the key hiring of David Berglund and Colin Ryan as Senior Managing Directors, Co-Leaders of the JLL Capital Markets’ Minneapolis office. 

 Berglund and Ryan have more than 30 years of combined commercial real estate experience and have extensive knowledge transacting investment sales for multi-tenant office, industrial and medical investments, among other property types.

They have been consistently recognized in the marketplace as top performers and by industry organizations such as MNCAR’s “Rising Star” award, CoStar Power Brokers and RE Forum’s Top Brokers.

Berglund and Ryan have been involved in more than $1 billion in real estate transactions over the past 18 months.

 Colin Ryan

“While we’ve always had a presence in Minneapolis, the hiring of Dave and Colin signifies our commitment to our path towards strategically building out the full spectrum of services JLL can offer to its clients,” said Matthew Lawton, Executive Managing Director.

“Both are extremely well respected in the industry and we are excited to have them as part of the team and leading our continued growth in the Twin Cities capital markets space.”

 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, equity placement or a recapitalization.

Matthew Lawton

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

For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACT:

Kimberly Steele

Senior Associate

 Public Relations

JLL Capital Markets

9 Greenway Plaza, Suite 700

Houston, TX  77046

T +1 713 852 3420

M +1 832 244 9994

Kimberly.Steele@am.jll.com

  jll.com.

us.jll.com/capitalmarkets

Native Realty Retained to Market Cape Coral, FL Self-Storage Portfolio

FORT LAUDERDALE, FL and CAPE CORAL, FL, July 29, 2020 –- Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is expanding to the west coast of Florida with the exclusive listing of a Cape Coral self-storage portfolio, priced at $6.8 million.

Jaime Sturgis

 Firm CEO Jaime Sturgis and Native’s Dan Ross are marketing the eight-property portfolio.

 The listing is of unusually high demand in the current COVID environment, as investors flock to the safety of Industrial/Flex investments. 

Savvy investors covet self-storage assets because, when run efficiently, they can produce strong income in any economic or real estate cycle.

 This portfolio consists of 523 units totaling 79,052 square feet across 5.24 acres. It features a wide range of units, creating opportunities for flex/industrial uses beyond traditional self-storage.

 Extensive recent capital improvements include new roofing systems designed to withstand 140 miles per hour winds, hurricane-rated overhead doors, an 87-camera cloud-based security system and new LED interior and exterior lighting.

Dan Ross

 “Demand for industrial assets is at an all-time high, and supply remains limited,” Sturgis said. 

“The current COVID environment has only increased demand, as many businesses and households choose to downsize and seek storage space as a more cost-effective option.

"This is a rare opportunity to acquire a stabilized portfolio, in an up-and-coming city, with strong in-place cash flows, and an opportunity to value-add through stabilization to further increase an investor’s return.

"The properties are well maintained - with little deferred maintenance - and are flexible in design, which allows them to pivot to more industrial/flex uses in the future, creating multiple exit strategies.”

Cape Coral’s population has increased by 41% since 2000. It is projected to grow by another 11.69% over the next five years.

For more information on the portfolio, visit nativere.com/listings.

 Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com. 

Kinzie Builders Completes Construction on New Roslyn Meadows Luxury Townhome Community in Barrington, IL

  

 A development of 16 new-construction luxury townhomes in the northwest Chicago suburb of Barrington, IL

CHICAGO, IL, July 29, 2020 – Kinzie Builders today announced it has completed construction at Roslyn Meadows, a development of 16 new-construction luxury townhomes in the northwest Chicago suburb of Barrington, Ill.

Priced from the high $400,000s, the homes range from 2,019 to 2,453 square feet.

“Demand for townhomes in Barrington and the surrounding suburbs remains strong, and we’re thrilled to have been able to deliver these charming townhomes in time for the resurgence of the homebuying season,” said Steve Spinell, principal of Chicago-based Kinzie Builders.

Steve Spinell

“As millennials begin to form new households and older adults seek out maintenance-free lifestyles, the demographics are strong for developments like Roslyn Meadows that offer high-quality homes that enable buyers to move in and immediately begin enjoying all the community and surrounding area has to offer.”

Roslyn Meadows is comprised of 16 three-bedroom, 2½-bath townhomes designed in the Williamsburg Colonial Revival architectural style.

“This was our second project in the Barrington area, which we think contributed to our ability to deliver Roslyn Meadows on time and on budget without any major obstacles,” said Spinell.

“Knowing the neighborhood, municipality codes and having a top-notch crew that has mastered the high level of craftsmanship these plans required all contributed to completing this successful project.”

The two-story homes’ open floor plans include kitchens with center islands, ProCraft cabinetry, quartz countertops and stainless-steel appliances; primary baths with walk-in showers with frameless glass doors, double-bowl vanities and quartz countertops; walk-in closets in all bedrooms; and laundry on the same level as the primary bedroom.

Kinzie previously built custom and semi-custom homes in Lake Barrington.

CONTACTS:

Traci Failla, tfailla@taylorjohnson.com, (312) 267-4516

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

www.kinziebuilders.com.

Fort Myers, FL surgery center trades to private equity firm

Paramount Surgery Center, 2565 Cleveland Avenue, Fort Myers, FL

ORLANDO, FL, July 29, 2020 – JLL Capital Markets announced today that it has closed the $7 million sale of Paramount Surgery Center, a 9,000-square-foot surgery center in Fort Myers, Florida.

 JLL represented the seller, 8250 Realty LLC, who sold the property to IRA Capital.

 Paramount Surgery Center is located at 2565 Cleveland Ave. directly across the street from Lee Memorial Hospital, a Level II Trauma Center.

 John Krzyminski 

 Positioned in a busy commercial corridor, the property boasts convenient access to Interstate 95 as well as more than 10,000 businesses within a five-mile radius.

The licensed ambulatory surgery center was completed in 2012 and features three operating rooms, step-down recovery, a nurse station, consultation room and reception area.

 The JLL Capital Markets team representing the seller included Senior Directors John Krzyminski and Director Max Krzyminski.

“Healthcare properties continue to attract strong investor interest and we anticipate them to be well-positioned to perform in a post-COVID environment as noted in JLL’s recent Healthcare Real Estate Outlook,” said Krzyminski.

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

Max Krzyminski

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.

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

 For more news, videos and research resources on JLL, please visit our newsroom.

 For more information, please contact: Sophia Doan, Corporate Communications + 1 949 612 2742  / sdoan@iracapital.com.

CONTACT:

Natalie Passarelli
Natalie.Passarelli@am.jll.com

www.iracapital.com.

jll.com.