JLL’s Minneapolis Capital Markets group adds two retail specialists, Matt Hazelton and Cory Villaume

 

 Matt Hazelton 

MINNEAPOLIS, MN – JLL Capital Markets has hired Senior Directors Matt Hazelton and Cory Villaume to specialize in retail investment sales and advisory transactions in Minneapolis-St. Paul and the Midwest.

 With a focus on multi-tenant and net-leased retail sales, Hazelton and Villaume come to JLL from another leading commercial real estate firm.

Cory Villaume

Over their careers they have been responsible for nearly $1 billion of retail property dispositions and acquisitions. Their addition to the JLL Capital Markets team in Minneapolis, which is led by Senior Managing Directors David Berglund and Colin Ryan, fills an important gap in retail services for the office.

 “The Minneapolis market has seen a tremendous amount of interest from the national investment community and upward pressure on pricing,” Hazelton said.

David Berglund

“JLL is a market leader for retail brokerage around the world, and now we can help further bring that platform to investors in the Twin Cities by having boots on the ground.”

 “Since the onset of COVID, we have seen the private capital funding sources significantly increase their deal size appetite in the Twin Cities,” Villaume added.

Colin Ryan

“JLL affords us the opportunity to make sure the local market players are seeing what used to be viewed as strictly institutional-sized deals.”

 CONTACTS:

 

Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

ISHC Names Andrea Belfanti CEO

 

Andrea Belfanti

 Los Angeles, CA, Jan. 20, 2022 — The Board of Directors for the International Society of Hospitality Consultants (ISHC) announced today the promotion of Andrea Belfanti from executive director to chief executive officer effective immediately.

 

Since joining the organization in 2009, Belfanti has skillfully steered the ISHC toward executing and achieving its Mission. 

 

 Herbert Mascha

Chair of ISHC, Herbert Mascha commented, “Andrea is being recognized for her active engagement in the industry and broad representation of ISHC across the globe, including board appointments, speaking engagements, conference planning committees and educational leadership.

 

"She is well known as the face of ISHC, and the Board is confident that this promotion to CEO better reflects her role, responsibilities and overall positive impact on the industry.”

 

 

 CONTACTS:

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

Lauren Marshall

Director of Membership & Marketing

ISHC

+1 678.735.9453

lmarshall@ishc.com

 ishc.com.

JLL Capital Markets arranges $4.8 million loan for Redstone’s purchase of a fully leased industrial warehouse in Clifton Park, NY

 

Amy Lousararian

 BOSTON, MA – JLL Capital Markets  has arranged $4.8 million in acquisition financing for a fully leased, 79,625-square-foot, single-tenant industrial warehouse leased to Vinylmax, LLC at 107 Pierce Rd. in the Albany-area community of Clifton Park, New York.

 

JLL worked on behalf of the borrower, Vermont-based Redstone, to place the 10-year, fixed-rate loan with Bank of New Hampshire.

 

 The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Director Martha Nay and Director Amy Lousararian.

Martha Nay

Vinylmax, a window production and distribution company headquartered in Hamilton, Ohio, has called 107 Pierce Rd. home since 2019.

 

Expanded in 2008, the building was constructed in 1970 and features clear heights ranging from 18 to 28 feet, three docks, four overhead doors and ample vehicle parking for 78 vehicles.

 

Situated on 6.16 acres, the 107 Pierce Rd. facility is along Interstate 87 and has easy access to Interstate 90, positioning the property in a strategic logistical location with connectivity to large population centers, including Albany, Boston, Montreal, New York City and Syracuse.

 

Additionally, both Albany International Airport and Saratoga County Airport are within 15 miles of the property.

 

  

CONTACT:

 

Kimberly Steele

JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

jll.com.

JLL Capital Markets completes $7 million sale of 14.98-acre land site in the Flowers Plantation MPC near Clayton, NC

 Sarah Godwin

 

 RALEIGH, NC – JLL Capital Markets has closed the $7.26 million sale of a 14.98-acre multi-housing development in the Flowers Plantation master-planned community (MPC) in Johnston County, North Carolina.

 

York Properties, Inc and JLL represented the seller, Flowers Holding Company, LLC. Ardmore Residential acquired the asset.

 

The JLL Capital Markets Sales and Advisory team representing the seller was led by Director Sarah Godwin. John Koonce worked on behalf of York Properties.

John Koonce

This will be Ardmore’s second multi-housing development site within the Flowers community, after purchasing 20 acres in December 2020 for a 396-unit development.

 

 

CONTACT:

 

Jenna Sharp

 JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

ardmoreresidential.com.

Minneapolis-area retail center sale closes

 

Amy Sands

 CHICAGO, IL, Jan. 18, 2022 – JLL Capital Markets announced today that it has closed the sale of Ridgehaven Shopping Center, a fully leased, 140,418-square-foot retail center anchored by a high-performing Lunds & Byerlys in the Minneapolis-area suburb of Minnetonka, Minnesota.

 JLL advised the seller, Invesco Real Estate, a global real estate investment manager. Bianco Properties acquired the asset.

Clinton Mitchell

Ridgehaven Shopping Center is anchored by Lunds & Byerlys, a Minnesota exclusive upscale supermarket with a 40-year operating history at the property, and shadow anchored by Target, which has been at the center since 1997.

The tenancy is rounded out by a diverse lineup of national and local tenants, including Barnes & Noble, Ulta Beauty, Rosenthal Furniture Company, Massage Envy and Supercuts.

 Situated at 13081 Ridgedale Dr., Ridgehaven Shopping Center is six miles west of downtown Minneapolis in Minnetonka, an award-winning, affluent Minneapolis suburb.

This highly visible location is along Interstate 394, which carries approximately 85,135 vehicles per day past the property.

Michael Nieder

The center serves a trade area that includes 51,369 residents earning an average annual household income of $125,075 within a three-mile radius.

 The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Executive Vice President Ted Gonsior.

 “The market responded very favorably to Ridgehaven’s long-term grocery lease and market dominant position combined with best-in-class co-tenancy,” Sands said.

“We continue to see exceptional investor interest in the grocery-anchored asset class and expect to see further cap rate compression in this space heading into 2022 due to a limited supply of comparable offerings.”

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

Ted Gonsior

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

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

 About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with $87.0 billion in real estate assets under management, 597 employees and 21 regional offices across the U.S., Europe and Asia (as of September 30, 2021).

 Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992.

Ridgehaven Shopping Center, Minnetonka, MN

Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

CONTACT:

 

 Kimberly Steele

 JLL Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 www.biancoproperties.com.

jll.com.

 

 

LEVIN JOHNSTON CLOSES 2021 WITH 78 TRANSACTIONS TOTALING APPROXIMATELY $500 MILLION

 

Adam Levin

Bay Area, CA – Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announced that it has successfully completed 78 transactions totaling approximately $500 million in 2021, signifying a record year for Levin Johnston.

Levin Johnston currently has over 30 commercial transactions pending in excess of $300 million set to close in the first quarter of 2022. 

The properties range in size and are primarily located in the Bay Area, demonstrating the team’s ability to strategically procure buyers and identify a variety of assets to meet investor demand in this market, according to Adam Levin, Executive Managing Director, and Robert Johnston, Senior Managing Director of Levin Johnston.  

Robert Johnston

“Multifamily transaction activity in suburban markets throughout the Bay Area has been strong throughout 2021, as the continued implementation of vaccines and return to office have helped ease the economic uncertainty of the pandemic,” says Levin.

 “Despite this year’s challenges, our team has been able to utilize its deep industry knowledge, strong connections, and the economic fundamentals of the Bay Area market to achieve our most successful year to date.”  

CONTACTS:

 

Anthea Davis / Arleeny Escarcega   

The Smart Agency, Inc. 

(949) 438-6262 

aescarcega@thesmartagency.com 

 

Daum Commercial Completes $10.7 Million Sale of Fully-Leased 64,320 SF Food Processing Facility in Los Angeles County

 SALE: $10.7 Million, Fully-Leased 64,320 SF
Food Processing Facility at 15430 Proctor Avenue
 in City of Industry, CA, Los Angeles County

CITY OF INDUSTRY, CA – DAUM Commercial Real Estate Services has completed the investment sale of a 64,320 square-foot fully leased industrial food processing and manufacturing facility, situated on 3.86 acres of land in the Los Angeles County submarket of City of Industry, California.

 The property at 15430 Proctor Avenue in City of Industry, CA was sold for $10.7 million

Robert (Bob) Dipre

 Bob Dipre and Dennis Sandoval, both Executive Vice Presidents at DAUM Commercial, represented the seller, Gaytan Group LLC, and procured the buyer, Rexford Industrial, a real estate investment trust company with an emphasis on industrial properties throughout Southern California.

 “After more than 10 years of ownership, Gaytan Group made the strategic decision to sell based on record-high industrial demand and influx of investor capital into the market,” says Dipre.

 “Based on our decades of experience in the San Gabriel Valley submarket and knowledge of current industrial trends, we were able to secure a buyer who understood the long-term value of the investment at a price that reflected its worth.”

 Sandoval notes that the San Gabriel Valley market is seeing sub-2% industrial vacancies, according to a recent DAUM report, as it remains a hub for both traditional manufacturing as well as last-mile distribution due to its prime location.

Dennis Sandoval

“With this acquisition, Rexford Industrial adds a stable, cash-flowing investment to its exceptional portfolio of industrial properties,” explains Sandoval. 

“The USDA-approved food processing facility is on a long-term lease to an established credit tenant specializing in meat and wheat flour snacks manufacturing, with options to extend.”

The City of Industry is a critical contributor to the labor market within the San Gabriel Valley and Southern California, and is home to several regional and national manufacturers, distributors, and other industrial users, adds Sandoval.

The property is conveniently located near major highways, helping facilitate seamless transportation throughout the region, and in close proximity to the Ports of Los Angeles and Long Beach and multiple major airports.

 

CONTACTS:

 

Arleeny Escarcega / Elisabeth Manville  

The Smart Agency, Inc.

(949) 438-6262

aescarcega@thesmartagency.com

 

www.daumcommercial.com.

 

 

Florida Business Leader John Crossman to Launch Weekly Radio Show in Orlando, FL

 

John Crossman

ORLANDO, FL    --   Well-known influential business leader, real estate executive and author John Crossman, a frequent guest speaker on diversity in business and mental health, will launch his own weekly radio show Saturday, Jan. 22 across The Shepherd Network. 

 The Shepherd Radio is available on three stations, each part of the MARC Radio group. The newest station is 1270 AM – WIWA in Orlando .

 This station is a powerhouse – 25,000 watts daytime, which enables the radio station to cover the entire Central Florida area.  

 

In the Ocala/Villages area, The Shepherd is heard on 103.5 FM and 720 AM. Gainesville listeners can hear the broadcast on 96.3 FM or 1430 AM.

 His new venture, The Crossman Conversation, targets young professionals and executives, college educated men and women age 25-55.

 

  The show will air for 30 minutes every Saturday at 1:05 pm when Crossman and a guest will tackle today’s tough topics and offer solutions.   

  

CONTACTS:

 

John Crossman, CEO, Crossman Career Builders / Crossmarc Services,

407-341-3895 jcrossman@crossmancb.com 

 

Beth Payan, Larry Vershel Communications Inc.

 407-461-3781 or beth@larryvershel.com

 

 

Plaza Advisors Brokers Sale of Market at Southside, in Orlando, FL

Market at Southside,
a  95,057 square foot retail plaza two miles
  south of downtown Orlando's Central Business
 District and the city's medical corridor

  

TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the
Market at Southside. The 95,057 square foot retail plaza is strategically located in an affluent trade area two miles south of downtown Orlando's Central Business District and the city's medical corridor.

 Market at Southside was 87% occupied and is situated at the trade areas primary intersection (66,000 traffic count).

 The asset is flanked by two shadow grocers; Publix and Walmart Neighborhood Market and includes four major tenants; Ross Dress for Less, K&G Fashion Superstore, Pet Supermarket and Dollar Tree.

 SPF Market at Southside, LLC was the seller of the asset. SB Southside, LLC acquired the center.

 

Jim Michalak 

Jim Michalak of Plaza Advisors represented the seller and was the only broker involved in the transaction.

 “Demand for Florida retail product is unprecedented. Supply and demand factors are unbalanced resulting in premium pricing” noted Michalak.

“This offering was pursued by numerous investors due to the vacancy upside and the potential redevelopment with an attractive zoning, which allows a dense FAR and the potential to include mid-rise multi-family product”

 

CONTACT:

 Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

 

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com