Thursday, January 14, 2021

Blackton, Inc. Awarded $500,000 Homebuilding Supply Contract for D.R. Horton's Newest Express Community Near Gainesville, FL

Michael “Micky” Blackton
  LEESBURG, FL  --- Blackton, Inc., one of Florida ’s oldest and largest suppliers of materials to the homebuilding industry, recently earned a contract from D.R. Horton’s West Central Florida Division to supply all of the homebuilder’s new homes in OakRidge at High Springs northwest of Gainesville . 

Michael “Micky” Blackton, chairman of the firm that opened a 15,000 square foot Leesburg location last year on Park Center Street, said his firm will provide an estimated $500,000 worth of ceramic tile and carpeting in the construction of 89 planned single-family homes ranging from 1,408 to 2,516 square feet at Oak Ridge.


D.R. Horton’s Express Homes brand feature energy saving homes in conveniently located communities at an affordable price.

Blackton has been supplying D.R. Horton with building materials for more than 40 years.  The family owned business headquartered north of downtown Orlando , has been supplying the homebuilding industry from Jacksonville to Tampa for six decades.   

Blackton said the work will commence within the next 30 days at the new community located at 16539 NW 190th St. off of U.S. 441, some 20 miles northwest of Gainesville . 

 CONTACTS:

Michael “Micky” Blackton

 Chairman

 Blackton Inc.

407-898-2661 

Micky@Blacktoninc.com

 

 Beth Payan

Larry Vershel Communications

407-644-4142 or 407-461-3781

 Beth@larryvershel.com

 

NAIOP South Florida Donates Nearly $21,000 to Jack & Jill Children’s Center in Broward County, FL

Jules R. Morgan

FORT LAUDERDALE, FL – NAIOP South Florida, a Commercial Real Estate Development Association, has donated $20,719 to Jack & Jill Children’s Center, the oldest non-profit provider of early childhood education in Broward County, with proceeds from NAIOP South Florida’s 34th annual golf tournament.  

 

“We are so pleased to present this donation to an amazing non-profit organization that does meaningful work with children and families in our community,” said NAIOP South Florida Executive Director Jules R. Morgan.

 

“Due to the challenges of the pandemic, we postponed our annual golf tournament by several months. Thankfully in the end, we were able hold the event and donate the earnings to Jack & Jill Children’s Center.”  


Heather Siskind

  In addition to supporting the critical needs of families struggling with the unanticipated consequences of COVID-19, 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.

 

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


NAIOP South Florida's Alba Garcia with children
who will benefit from the donation made to
Jack & Jill Children's Center in Broward County, FL 

(photo courtesy of NAIOP) 

 

“The effects of the pandemic continue to reverberate throughout our local community, with families hard hit by evictions, pay cuts, food insecurity, socially distanced schooling and limited after-school programing,” said Heather Siskind, Chief Executive Officer, Jack & Jill Children’s Center.


From left: Alana Wortsman, Kathy Capobianco, Jennifer Swercheck,
Patti Hommes, Jeanette Johnson 

(photo courtesy of NAIOP) 


 

 “This generous donation from NAIOP South Florida will help us continue our programs to ease the growing burden many families are facing.” 

 

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

 

 CONTACT:

Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway, Suite 1200 

Fort Lauderdale, Florida 33308
More than 100 partner agencies in markets worldwide


naiopsfl.org. 


 

Rebekah Hammond Dorworth Appointed President of Kyra Solutions

 Rebekah Hammond Dorworth 
 

TAMPA BAY, FL -- Kyra Solutions’ Chief Executive Officer and Founder Piyush Patel announced the appointment of Rebekah Hammond Dorworth as the company’s next President effective January 1, 2021.

  Ms. Dorworth has been with Kyra since 2014 and has served in various executive positions that have contributed to the success of the company.

 Piyush Patel stated, “We are excited to see Rebekah take the helm. I have been able to witness her character and leadership over the past six years and know that she is the right person to take Kyra to the next level.”

Piyush Patel 

Mr. Patel continues, “In her mission, she will lead the efforts to create opportunity pipelines, drive operational excellence, and set up processes and systems for project/service delivery in coordination with our Regulatory, Transportation, and GovTech practice leaders.

 Rebekah earned her Master of Business Administration at University of Florida and a Bachelor of Science in Economics and Political Science from the Florida State University.

 Personally, she is committed to the education empowerment of our youth and serves on the Board of Directors for the PACE Center for Girls - Orange.

  CONTACT:

Katie Eastburn

Phone: (863) 529-1106

Email: keastburn@kyrasolutions.com

 

Los Patrones Business Park in Rancho Mission Viejo, CA Welcomes 11 New Community Focused Tenants

Los Patrones Business Park, a 99,200 square-foot
multi-tenant commercial industrial property,
Rancho Mission Viejo, south Orange County, CA
 

 Rancho Mission Viejo, CA  -– Voit Real Estate Services, a privately held, broker-owned Southern California-based commercial real estate firm has announced the leases of eleven new tenants at Los Patrones Business Park, a 99,200 square-foot multi-tenant commercial industrial business park in the community of Rancho Mission Viejo, in south Orange County, California.


Mike Balsamo

 The new tenants include:

 ·         Evolution Swim Academy, a premier provider of learn-to-swim lessons; Sit means Sit, a dog training facility; Frisby Cellars, a winery and brewery; GMS Industries, a printing and fulfilment company; Safety Supply America, a provider of PPE equipment; The Zuri Pet Spa, a doggy daycare and boarder;

 ·         Replicated grass systems, a synthetic turf company; Evolve Training Center, a jiu-jitsu training facility; KwikCash, a financial services and lending company; Dr. Jacob Lee, a pediatric dentist;

 ·        and Rancho Master Maintenance Corporation (or Rancho Mission Viejo), the organization responsible for the management and maintenance of Rancho Mission Viejo’s community recreational amenities and facilities, parks, common area landscaping, and more.

 “Our goal with Los Patrones Business Park was to take a community centric approach and deliver a project that would truly bring value to Ranch residents and visitors alike," says Mike Balsamo, Senior Vice President of Government Relations at Rancho Mission Viejo. "In fact, several of the tenants at the business park are also residents of the community, which we believe is extremely important.” 

Nick Konopisos

 “Los Patrones Business Park will ultimately be home to a unique mix of businesses, creating a lively hub to live, work and play on The Ranch.”

 Los Patrones Business Park is a joint venture partnership with industrial developer TheoPacific Corporation and Rancho Mission Viejo.

 “This business park is Orange County’s first new multi-tenant commercial industrial business park to be developed in over a decade,” says Nick Konopisos, Vice President at TheoPacific Corporation.

 “The business park is also the first phase of a larger 50-acre master planned development, known as Los Patrones Summit, which is planned to include a variety of industrial, office, retail, residential, medical, and recreational facilities.”

 According to Sam Olmstead, Vice President and Partner at Voit Real Estate Services the new leases at the business park bring the property to more than 50% occupancy.

 “Each of these new leases with the exception of one was executed during the pandemic and shortly after the building shell completion of the project in mid-September this year,” says Olmstead. 

 Sam Olmstead

  “This demonstrates the continued growth and demand within the Rancho Mission Viejo community as well as surrounding markets such as RSM, Coto de Caza, Ladera Ranch, San Clemente and San Juan Capistrano, and the exceptional quality of this business park.”

 Olmstead adds, “We are excited to add these new tenants to the tenant roster at Los Patrones Business Park and believe that they will continue to benefit the community for years to come, as well as enjoy what is truly a state-of-the art business park facility close to home.

 "We are also actively looking to lease additional vacant space to users that are aligned with the needs and wants of the local community.

 "In addition to entertaining more light industrial uses, we are in negotiations with several other potential tenants and are interested in engaging with other quick service restaurant concepts that would like to capture the untapped market out here.”

 Units sizes at the business park range from 1,824 square feet to 10,000+ square feet. Los Patrones Business Park is located at 28202, 28352 and 28446 Airoso Street with the location fronting along both Airoso Street and Los Patrones Parkway.

 CONTACTS:

Katie Haga/Lexi Astfalk

Brower Group

(949) 438-6262

Lastfalk@brower-group.com

 

www.RanchoMissionViejo.com    

www.voitco.com. 

Wednesday, January 13, 2021

Industrial boom leads to key appointment in Seattle, WA

 

John Paul Mulhern
 


 

SEATTLE, WA, Jan. 13, 2021 – JLL Capital Markets announced today that
John Paul Mulhern
has been appointed as a Director in the firm’s Seattle office.

 In this role, Mulhern will lead industrial investment advisory sales in the Pacific Northwest, working closely with Mark Detmer, a Senior Managing Director in JLL Capital Market’s Los Angeles office.

 Mulhern has more than eight years of commercial real estate experience, including investment sales advisory and valuation advisory knowledge.

He joins the team from JLL’s International Capital Group, where he provided global investor intelligence on more than $100 billion of commercial real estate holdings, covering all major and alternative asset classes in gateway, secondary and tertiary markets across the U.S.

Mark Detmer

 Mulhern holds a Bachelor of Science degree from University of Dallas and is an active member of the National Association of Industrial and Office Properties.

 “Given the growth of the industrial sector that we’ve seen throughout the pandemic, we felt it was important to build out our suite of services to include an industrial expert who will serve our industrial clients in Seattle and throughout the Pacific Northwest,” said Tom Wilson, Senior Managing Director and co-head of JLL Capital Markets Seattle.

 Tom Wilson

 “John Paul is an important addition to our team and brings with him many years of global capital experience that will serve him well as the industrial sector increasingly attracts the attention of global investors.”

 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. 

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:

Kristen Murphy

 JLL Senior Manager

Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com

Stan Johnson Company Arranges Sale of Freestanding Retail Center in Lubbock, TX

      3,025-SF freestanding retail property, 2625 50th Street, Lubbock, TX


Evan Altemus

LUBBOCK, TX -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has announced the sale of a freestanding retail property located at 2625 50th Street in Lubbock, Texas.

 The 3,025-square-foot building is leased to two tenants: AT&T and Rita’s Donuts.

Stan Johnson Company’s Evan Altemus represented the Texas-based private buyer who acquired the asset in a 1031 exchange for approximately $1.0 million.

The property was sold by NetCo Investments Inc., a developer from Santa Monica, California. The cap rate was not disclosed.

“The buyer had been looking for an asset with a higher cash flow and cap rate but decided to acquire something lower risk due to COVID-19,” said Altemus, Associate Director in Stan Johnson Company’s Dallas, Texas office.

“Overall, deals with less risk located in markets with a lower impact from the pandemic have been in high demand from buyers since last March.”


Originally built in 1986, the dual-tenant property sits on a 0.36-acre outparcel to Home Depot, adjacent to a highly visible shopping center anchored by Dollar Tree and Ross Dress for Less. Both AT&T and Rita’s Donuts feature net leases with regular rent increases.

“The buyer liked the asset because it was on a major thoroughfare in Lubbock in front of a Home Depot, which has been doing well through the pandemic,” Altemus added. “The motivation behind this transaction is a great example of the type of deals getting done in this environment.”

  CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

www.stanjohnsonco.com.

 

Windemere Apartments in Raleigh, NC sold for $26 million

 

Andrea Howard

RALEIGH, NC, Jan. 13, 2021 – JLL Capital Markets announced today that it has closed the $26 million sale of the 168-unit Windemere Apartments in North Raleigh, North Carolina. 

John Currin
 JLL represented the seller, Northland Investment Corporation, in completing the sale to the buyer, S2 Capital.

The JLL Capital Markets team representing the seller was led by Andrea Howard, John Currin, Jeff Glenn, Allan Lynch and Caylor Mark.

 Windemere is a garden-style community that was originally completed in 1990.

With 77% of units still in true “classic” condition, the property offers attractive value-add upside for the buyer.

Proposed unit upgrades include granite countertops in kitchens and bathrooms, new hardware and painted cabinets, stainless-steel appliances, plank flooring and new lighting and plumbing fixtures. 

Jeff Glenn
 Located in the supply-protected North Raleigh submarket, equidistant to North Hills and Crabtree Valley Mall, the asset is one of the best-located in the entire MSA.

Raleigh’s leading population growth has put tremendous upward pressure on rents across the market, and with just 450 multi-housing units delivered in the last 10 years in this pocket, Windemere is poised for continued revenue growth.

Windemere is also located just 10 minutes from key employment hubs, including Downtown Raleigh, which employs over 45,000 people, and Research Triangle Park, employing over 50,000 people.

  Howard says, “Windemere is the quintessential Raleigh value-add asset, with its access to the Triangle’s premier employment hubs, differentiated architecture and floor plans, and immense renovation potential.

Allan Lynch

"Our team was thrilled to have the opportunity to represent Northland on such a prized Raleigh property.”

 “North Raleigh has been one of the most consistently resilient and high-growth submarkets in our region and we are excited to have worked with S2 on their first multi-housing acquisition in Raleigh-Durham,” Currin added.

 Northland owns and operates a diversified multi-housing portfolio that includes more than 25,000 units across the U.S. In North Carolina, the firm currently owns Inspire SouthPark and Randolph Park within the Charlotte market.

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

 Caylor Mark.

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales 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.

Windermere Apartments
North Raleigh, NC





CONTACT:

 Natalie Passarelli
Public Relations

Jones Lang LaSalle Americas, Inc.

200 E. Randolph St.
Chicago, IL 60601

M +1 224 477 7307

natalie.passarelli@am.jll.com

 us.jll.com/investorservices

jll.com.

 

Tuesday, January 12, 2021

Financing arranged for pair of Fort Worth, TX apartment communities


Kim Radker Bays

DALLAS, TX, Jan. 13, 2021 – JLL Capital Markets announced today that it has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas. 

 JLL worked on behalf of the borrower, Exponential Property Group, to secure the five-year, fixed-rate loans with Global Atlantic Financial Group. 

Jeremy Sain

“We are excited to get to work for our investors and our new residents on these properties and add them to the Exponential family,” said Exponential Property Group Founder Kim Radker Bays. 
“We are happy to have worked on this project with the teams at Global Atlantic and JLL.” 

 The JLL Capital Markets team representing the borrower was led by Jeremy Sain and Brooks Burgin. 

Hidden Lakes features 312 units within 13 residential buildings spread over a 17.8-acre site. Floorplans are available in one-, two- and three-bedroom layouts with an average unit size of 928 square feet. 

The 94%-occupied property offers community amenities, including a clubhouse, game room, fitness center, business center, swimming pool, sand volleyball, lighted basketball court, outdoor fireplace and kitchen, picnic area and a variety of covered parking/detached garage options. 

Completed in 2002, The Ranch at Fossil Creek offers 274 units within 13 residential buildings on a 17.5-acre site. 

The Ranch at Fossil Creek apartmenets, Haltom City, TX

The 92% leased community offers one-, two- and three-bedroom unit options with an average unit size of 950 square feet. 

Similar to Hidden Lakes, The Ranch at Fossil Creek features a variety of community amenities, including a clubhouse, business center, lounge area, billiard table, shuffleboard table, fitness center, swimming pool, lighted sports court, a play area and laundry center. 

Hidden Lakes apartments, Haltom City, TX

 Located at 5333 and 5350 Fossil Creek Boulevard, both properties are positioned in northeastern Fort Worth. 

 This location is proximate to Interstates 820 and 35 West providing connectivity to Fort Worth’s central business district, DFW International Airport and numerous employment hubs, including NAS Joint Reserve Base, the Fort Worth Medical District and AllianceTexas, among others. 


 CONTACT: 

 Kristen Murphy 
JLL Senior Manager 
Public Relations 
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com 
www.exponentialpropertygroup.com. 
jll.com.

Lee & Associates of Illinois Announces Three Broker Promotions

 Caroline Dell 

Rosemont, IL — Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces three brokers have been promoted.  

 Sean Austin has been promoted to Senior Vice President. Sean began his commercial real estate career in 2003 in the dynamic Inland Empire industrial market in Southern California. 

 Sean Austin 

He has been with Lee & Associates since 2018 where he focuses on industrial property from the City of Chicago urban/infill markets to O'Hare.

Ryan Earley 

  Ryan Earley has been promoted to Senior Vice President. Ryan became a licensed real estate broker in 2013 and has been with Lee & Associates of Illinois since 2016. 

He concentrates in I-55 and I-80 markets of Chicagoland in conjunction with Jeff Galante, Terry Grapenthin, and Caroline Dell.

 Caroline Dell has been promoted to Senior Associate. Caroline is an industrial product specialist focusing on the I-55 Corridor. 

She has worked in commercial real estate since 2005 in marketing and brokerage capacities. 

She joined Lee & Associates in 2016, where she works in a hybrid position of brokerage and marketing along with a team of Terry Grapenthin, Jeff Galante and Ryan Earley.

  About Lee & Associates

Terry Grapenthin

 Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services.

 Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada.

 Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. 

 For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.

Jeff Galante

  


CONTACT:

 Jessica Madden

Lee & Associates of Illinois  

jmadden@lee-associates.com