EverWest Brings Houston Beltway 8 Office Building to 100% Occupancy Level

 Della Wegman

 

HOUSTON, TX, Nov. 19, 2020 – A prime location and institutional-level management by Denver-based EverWest Real Estate Investors has attracted a major new office tenant to the company’s Beltway 8 office asset.

Jessica Ochoa

With the new lease, Sourcepoint, Inc. commits to 34,852 square feet, bringing the EverWest property to 100 percent occupied.

“The pandemic has had a notable impact on leasing volume in metro Houston, keeping many office users on the sidelines as they wait to make any long-term real estate decisions,” said EverWest Managing Director Della Wegman.

Mia Jarrell

“Times like this make a building’s location and operating condition more critical than ever. For Sourcepoint, a highly accessible Beltway 8 location – combined with a building that EverWest has diligently maintained in Class A condition – was the right combination for this significant lease commitment.”

John Pruitt

Located on over 10 acres at 8101 W. Sam Houston Parkway S, the EverWest building totals 136,800 square feet in two stories. It offers direct frontage to Beltway 8 / Sam Houston Tollway and is less than 30 minutes from downtown Houston and both the William P. Hobby and Houston George Bush International Airports.

Jack A. Russo

Features of the building include generous window lines, controlled access entries and covered and surface parking.

Sourcepoint, a leading provider of technology-based solutions to the U.S. mortgage industry, will use the space for a mortgage underwriting, processing and closings.

Bob Parsley 

The company, which is already located in Houston, is scheduled to move to the 8101 building in late 2020. The new space will house its current Houston operations and provide room for expansion.

John Pruitt, Jessica Ochoa and Jack Russo of JLL represented EverWest in the transaction. Mia Jarrell, Bob Parsley and Darren Gowell of Colliers International represented Sourcepoint.

Darren Gowell

EverWest is a leading investor, developer and lender in key markets across the United States, and is actively seeking new acquisition and development opportunities across the industrial sector.

CONTACT:

Stacey Hershauer

focusAZ 

 P 480.600.0195

www.focusaz.com

 

Plaza Advisors Continues Hot Sales Pace with Naples Towne Center Deal

 

Bealls Department Store, Naples Towne Center, Naples, FL

 

 NAPLES, FL --Plaza Advisors is pleased to announce the sale of the Naples Towne Center in Naples, Florida. The 134,707 square foot retail plaza is located on US 41 and is in close proximity to several national retailers including Home Depot and Walmart Supercenter.

Jim Michalak 

 The plaza was 80% occupied at the time of closing. The Naples Town Center tenant roster includes; Bealls Department Store, Dollar Tree, Rent-A-Center and Sprint (T-Mobile).

 US 41 is the main retail/commercial corridor serving Florida’s west coast communities, from Tampa to Naples. The plaza has excellent visibility and has more than 45,000 vehicles passing the plaza daily.

 The five mile trade area radius features demographics of more than 106,000 residents with an Average Household Income (AHHI) exceeding $86,000.  Additionally, there are more than 3,000 government employees nearby.

 The seller was Atlanta based RCG Ventures. The Buyer was a New York based family office.  Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.

 Naples Town Center is the fifth center Plaza Advisors has sold during the pandemic in 2020.

Keith Nurre

 Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties throughout the Southeastern United States.

 Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, life insurance companies, REITs, and money center banks. 

 CONTACT:

Jim Michalak

Managing Partner

Plaza Advisors

 3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

www.plazadvisors.com

 

Lincoln Property Co. Continues Nevada Expansion with $48.6 Million Industrial Park

 

Barbara Emmons

LAS VEGAS, NV -- With the $48.6 million purchase of West Craig Industrial Center, the Desert West Region of Lincoln Property Company (LPC) has increased its newly established Nevada presence to nine buildings and almost 800,000 square feet of Class A industrial space – with more acquisition opportunities on the horizon.

Darla Longo

“Like the Nevada industrial market itself, the West Craig logistics park is an extremely stable investment that is just hitting its stride and has a long runway ahead,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. 

“It is a welcome addition to our regional portfolio, which we are quickly growing with institutional-quality industrial assets and developments in Arizona, Nevada and Utah.”

David Krumwiede

Delivered in 2019, West Craig Industrial Center is a brand-new, 343,820-square-foot, Class A industrial development. The project achieved rapid lease-up upon delivery and is now fully occupied.

John Orsak

It is located on 20 acres at 70-78 W. Craig Rd. in North Las Vegas, part of the popular Interstate 15 industrial corridor and minutes from downtown Las Vegas. 

The portfolio totals three buildings offering 30’ - 32’ clear height, 91 dock doors with a combination of drive-in and dock-high configurations, ESFR sprinklers and insulated ceilings.

West Craig Industrial Center, Las Vegas, NV

“This is a high-demand, low-supply market that is also highly land constrained,” said Lincoln Property Company Vice President of Real Estate John Orsak. “We expect that demand to continue to strengthen in the years ahead.”

CBRE’s National Partners Team, led by Darla Longo and Barbara Emmons, represented the property seller, a partnership between Huntington Industrial Partners and Polk Street Industrial. LPC Desert West will provide property management services for the project.

Aerial photo of West Craig Industrial Center

West Craig Industrial Center joins the growing LPC Desert West regional portfolio, spanning Arizona, Nevada, Utah and New Mexico. 

The company is focused on expanding their footprint in each of these states, increasing an already award-winning presence in Arizona that includes almost 6 million square feet of development, more than 10 million square feet of acquisitions and a four-state regional property management portfolio of almost 8 million square feet of office, industrial and retail product.

To discuss new commercial real estate investment and development opportunities across the Desert West region, contact Krumwiede or Orsak at 602.912.8888.

MEDIA CONTACT:

 

Stacey Hershauer

480.600.0195

stacey@focusaz.com

  www.lpc.com or www.lpcdesertwest.com

PulteGroup Virtual Fundraiser Raises Over $158,000 for Children’s Home Network in Tampa Bay

Irene Rickus

 

TAMPA, FL – PulteGroup’s West Florida Division held its annual fundraiser in support of the Children’s Home Network, but this year it was a little different. 

 In place of their annual golf tournament, the team hosted COVID-safe virtual events that included a “Golf Ball Drop” and online auction which raised $158,475, breaking last year’s record.

Southern Hills Plantation Club

Keeping with the golf theme of past years, Pulte sold numbered golf balls and arranged a helicopter to drop the balls onto the green at Feather Sound Country Club in Clearwater, Florida. The owners of the golf balls that made it into the hole shared the $1,000 prize.

“Despite the limitations of the pandemic, we are proud to have been able to have a highly-successful fundraiser for an organization that means so much to our team and our community,” said Sean Strickler, President of Pulte’s West Florida division.

 “Our relationship with the Children’s Home Network has grown every year with this amazing event, and this year, despite its challenges, was no different.”

 Sean Strickler

The event was a success with the help of trade-partners that stepped up and gifted their pledged donation despite the tournament being cancelled.

To show appreciation for the support, Pulte provided participants a certificate for a round of golf for up to four people at Southern Hills Plantation Club.

 Local PulteGroup employees also participated and, as with all charitable giving, PulteGroup matched employee donations.

“Once again the Pulte team exceeded our expectations,” said Irene Rickus, President & CEO of Children’s Home Network. “Given the situation with the pandemic, cancelling the tournament and still proceeding with fundraising—the results this year were unexpected and truly wonderful.”

Today, the Children’s Home Network serves nearly 25,000 underprivileged and at-risk children and adults each year with values that focus on respect, dignity, trust and compassion.

 

CONTACT:

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

 

NAIOP South Florida Hosts 34th Annual Charity Golf Tournament; $21,000 raised to support early childhood education at Jack & Jill Children’s Center

Jules R. Morgan

  

FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Association, recently hosted its 34th Annual Charity Golf Tournament at Grande Oaks Golf Club in Davie.

 

The golf tournament, which was the first in-person event hosted by the organization in nine months, generated more than $21,000 for Jack & Jill Children’s Center, the oldest non-profit provider of early childhood education in Broward County.  

 Allison Sherman (left) of Kastle Systems; 
Traci Miller, of Miller Construction Company

 

“We were so excited to be able to have our annual golf tournament this year, in light of everything happening, and at the same time be able to raise funds for such an incredible organization,” said NAIOP South Florida Executive Director Jules R. Morgan.

 

 “While the pandemic continues to create uncertainty, local non-profits depend on events like ours to keep their doors open and their programs operational.

 

"Thank you to our generous NAIOP South Florida members and sponsors whose donations and time made this event a success.” 

Ingrid Fulmer (left) of Coldwell Banker Commercial; 
and Kendra Erika 

 

Funds raised for Jack & Jill Children’s Center will help educate children of high-need working families while offering family strengthening programs so that parents and children can gain the necessary skills to succeed in life. 

Greg Martin

Over the past five years, NAIOP South Florida has raised more than $100,000 for the organization.  

The golf tournament planning committee was co-chaired by Ryan Nee, First Vice President / District Manager of Marcus & Millichap and next year’s 2021 President-elect of NAIOP South Florida and Greg Martin, Avison Young 

Tower Commercial Real Estate was the host sponsor. Other sponsors were Pest Pro Rid All, Bridge Investment Group, Avison Young, Marcus & Millichap, Duke Realty, Risk Strategies Company, Miller Construction Company, CIM Group;

Tewes Design Group, Cushman & Wakefield, Miramar Park of Commerce, Current Builders, Helms Development, Vanderbilt Office Properties, Gaedeke Group, Itasca Construction Associates, Knoll/CBI, Mainstreet Capital, MJ Simpson, RCL Architects, Sharpe Development Projects, State Street, The Graham Companies  and Workspace. 

 

Ryan Nee

Please visit NAIOP South Florida’s new website, www.naiopsfl.org, for more information on upcoming events, commercial real estate news, membership and more.  

 

About NAIOP South Florida 

 

NAIOP South Florida is the largest chapter of NAIOP in the state. With more than 350 members representing constituents in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, the chapter is the leading commercial real estate development organization in the region.

 

NAIOP supports commercial real estate professionals with advocacy, education and business opportunities and connects its members through a powerful North American network. 

 

CONTACT:

Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway,

 Suite 1200 |Fort Lauderdale, Florida 33308

 naiop.org. 

 

Marcus & Millichap Promotes Tampa Agent James Garner to First Vice President Investments

James Garner

 Tampa, FL, Nov.16, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced James Garner, of the company’s Tampa office, has been promoted to First Vice President Investments, according to David Bradley, Regional Manager.

  “All Marcus & Millichap title promotions are merit based. James Garner has not only achieved tremendous accomplishment in his tenure with Marcus & Millichap, but he is also a great representation of the character we expect from our agents,” says Bradley

 Prior to joining Marcus & Millichap, Garner worked for Ingersoll Rand on commercial projects being developed in New York City, including high profile projects such as the new World Trade Towers.

 

 David Bradley

CONTACTS:

 David Bradley,

Regional Manager

(813) 387-4700

 

Daniella.Aragon@marcusmillichap.com

Northern Virginia trophy office asset trades for $90 million

3150 Fairview Park Drive, a 257,489-square-foot
 trophy office building in Falls Church, VA

WASHINGTON, DC – JLL Capital Markets announced it has closed the $90 million sale of 3150 Fairview Park Drive, a 257,489-square-foot, trophy office building in Falls Church, Virginia.

 Bill Prutting

 JLL represented the seller, Clarion Partners, LLC, and procured the buyer, funds managed by U.S.-based Apollo Global Management.

 3150 Fairview Park Drive is 100% leased on a long-term basis and serves as the mission-critical global headquarters for General Dynamics Information Technology (GDIT), a wholly-owned subsidiary of General Dynamics (NYSE: GD).

Completed in 2001, the property recently underwent a complete asset repositioning which included building operating systems, the creation of an atrium lobby, constructing all new common areas, tenant spaces and enhancing building amenities.

 The JLL Capital Markets team representing the seller was led by Senior Managing Directors Bill Prutting and Jim Meisel and Managing Director Matt Nicholson.

Jim Meisel 

 “3150 Fairview was highly sought-after due to its rare combination of a long-term leased global headquarters of a strong credit tenant, a fully renovated trophy asset and a submarket (Fairview Park) in Northern Virginia, which has experienced one million square feet of leasing activity since 2017, with many tenants landing in Fairview Park from ‘on-Metro’ locations.” Prutting added. 

About Clarion Partners, LLC

Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years.

Headquartered in New York, the firm maintains strategically located offices across the United States and Europe.

Matt Nicholson

With $50 billion in total assets under management as of March 2019, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its 350 domestic and international institutional investors.

More information about the firm is available at clarionpartners.com.

 About JLL

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

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. 

CONTACT:

Kristen Murphy

Senior Manager

 Public Relations

 Investor Services JLL

One Post Office Square, Suite 3500

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@am.jll.com

  jll.com.