Hold-Thyssen Brokers $735,000 Sale of Office Building in Westchase Commons, FL

Theresa Margaris

 Tampa, FL and Clearwater, FL --- Hold-Thyssen, Inc. recently negotiated the $735,000 sale of a professional office building built in 2007 with 3,500 useable square feet and ample parking in Westchase Commons, 13035 W. Linebaugh Ave. in Tampa.

Transaction Specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the sale representing the seller, Peak Properties, LLC of Belleair Beach, FL. and the buyer, Westchase Real Estate, LLC, a subsidiary of The Healthy Edge, a natural foods retail group.  

Office building within Westchase Commons
 13035 West. Linebaugh Avenue, Tampa.FL

With operations in the Midwest and Florida, the group purchased the building to house their administrative offices. 

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States. 

 CONTACTS:

 

Richard J. Fisher, 

Vice President/Investor Services, 

Hold-Thyssen, Inc. 

813-880-7100 ext303 

rfisher@HoldThyssen.com

 

Robert P. Hold, 

Principal, Hold-Thyssen, Inc. 

407-691-0505, 

bhold@HoldThyssen.com

 

Beth Payan

Larry Vershel Communications Inc. 

407-461-3781,

 Lvershelco@aol.com

Stan Johnson Co. Brokers $25 Million Sale of Northcrest Village Shopping Center in Carrollton, TX

 Margaret Caldwell

 CARROLLTON, TX -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Northcrest Village located at 3044 Old Denton Road in Carrollton, Texas.

The 136,061-square-foot shopping center is anchored by ALDI and Ace Hardware and was approximately 85 percent leased at the time of sale.

Patrick Kelley

 

 Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Company represented the seller, an Oklahoma-based developer. The 1031 exchange buyer was an individual investor based in Texas. The property traded for $25.0 million.

 “Northcrest was highly sought after by investors because of its location, strong credit anchors and its potential upside,” said Caldwell, Managing Director and Partner in Stan Johnson Company’s Atlanta, Georgia office.

Gill Warner

 

Located in the northern Dallas suburbs, the shopping center features 31 tenants across three buildings. The attractive tenant mix reflects grocery, restaurant, hard goods, soft goods and service providers including national retailers like Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars and State Farm.

  At the time of sale, there were four contiguous in-line suites available for lease along with one junior anchor space adjacent to Ace Hardware.

Northcrest Village, 3044 Old Denton Road,
Carrollton, TX

 “The bidding process was highly competitive with double-digit offers showing the continued demand for grocery-anchored multi-tenant retail properties,” added Kelley, Associate Director.

  “In addition to its credit anchors and upside, Northcrest Village boasts a coveted market in Dallas-Fort Worth.”

 Contact:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.stanjohnsonco.com.

Novocure Hosts Ceremonial Groundbreaking with Gov. Chris Sununu at its new flagship facility in Portsmouth, NH

 

Gov. Chris Sununu 

  ST. HELIER, Jersey – Gov. Chris Sununu (R-NH) joined Novocure for a ceremonial event commemorating the start of construction of its new flagship facility in the heart of downtown Portsmouth, New Hampshire.

  The flagship building will provide space for Novocure’s growing employee base in Portsmouth and house a world-class training and development center where partners from around the world can come to learn about Novocure’s Tumor Treating Fields (TTFields) cancer therapy.

William F. (Bill) Doyle

Sununu delivered remarks before an audience of Novocure employees and local community and business leaders.

 

“Employers like Novocure help ensure New Hampshire remains the best state in which to live, work, and raise a family,” Sununu said.

 Sen. Jeanne Shaheen 

“Thanks to our pro-jobs agenda, New Hampshire is the #1 state for business in New England, and I would like to congratulate the whole Novocure team on the groundbreaking for their latest expansion!”

 

“We thank Governor Sununu for his leadership and support, on behalf of our workforce and the thousands of patients we are able to serve around the world,” said Bill Doyle, Novocure’s Executive Chairman.

 

“Since establishing our U.S. operations in Portsmouth more than 15 years ago, the Seacoast has become an important part of our company’s history.

Sen. Maggie Hassan

"It is an honor to host the Governor here today, and we look forward to completing the construction of our new flagship facility so we may continue to bring high-quality jobs to the community.”

 While they were unable to attend due to scheduling conflicts, U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH), as well as U.S. Rep. Chris Pappas (D-NH-01) provided prepared remarks that were read aloud by representatives from their offices.

 

“This achievement is a testament to your thorough work, your focus on building community among employees and your commitment to sharing your expertise and insights with physicians and partners from around the world. Much has changed since you planted roots in Portsmouth more than 15 years ago,” said Shaheen.

Chris Pappas

“Innovative businesses like Novocure are driving our economy forward and creating good jobs that expand middle class opportunity,” said Hassan.

 

“The work being done here at Novocure is an important part of the growing BioTech/MedTech economy in New Hampshire that is leading the way in developing cutting-edge products and services that improve the health and well-being of our people.”

 

“Founded on the concept of approaching the most daunting challenges in healthcare by reimagining how science can be used, Novocure has been a leader in its field,” said Pappas.

 

“Your work to pioneer new cancer treatments has the potential to change the lives of patients around the country and around the world.”

Headquartered in Jersey, and with a growing global footprint, Novocure has regional operating centers in Root, Switzerland, Portsmouth, New Hampshire and Tokyo, as well as a research center in Haifa, Israel.

 

 For additional information about the company, please visit Novocure.com and follow @Novocure on LinkedIn and Twitter.

 

CONTACT:

Alexa Cangialosi 

Account Executive  

Violet PR 
8 Hillside Avenue, LL1 
Montclair, NJ 07042 

845.825.1271  

www.violetpr.com  

KAI Enterprises Hires Kristin Copeland, PHR as Director of People & Culture

 

Kristin Copeland

 

 St. Louis, MO, April 20, 2022 -- KAI Enterprises is excited to announce the hiring of Kristin Copeland, PHR as its new Director of People & Culture.

 Copeland has worked in Human Resources for over 20 years. Prior to KAI, she worked at Emerson for just over eight years, most recently as an HR Manager.

 As KAI’s Director of People & Culture, Copeland will lead and direct the functions of the HR department.

 She has a Bachelor of Social Work from the University of Kansas and is a licensed Professional in Human Resources.

 

Michael Kennedy, Jr.

“Kristin has a valuable role to play at KAI, and we are excited to have an HR professional of her caliber joining our team,” said KAI CEO Michael Kennedy, Jr.

 “Our employees are our greatest asset, so having someone who embraces diverse perspectives and works to fulfill our employees’ needs in a work environment is what we were looking for and found in Kristin.”  

 

CONTACT:

 Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com

www.kai-db.com.

Florida’s Housing Market: Median Prices Up, Supply Tight in March

Christina Pappas

 

 ORLANDO, FL, April 20, 2022 – Florida’s housing market in March and 1Q 2022 showed the impact of rising mortgage rates, increased home prices and a shortfall of for-sale supply, with fewer closed sales compared to a year ago, according to Florida Realtors®’ latest housing data.

 “Buyers and sellers in Florida in March continued to see rising mortgage rates, a very limited supply of for-sale homes and rising prices,” said 2022 Florida Realtors President Christina Pappas, vice president of the Keyes Family of Companies in Miami.

 “Housing affordability remains a challenge, and higher mortgage rates may mean some buyers who had previously qualified under a lower rate are forced to rethink their plans."

 “Now more than ever, consumers can benefit from the expertise of a local Realtor, who can guide them through current market conditions.”

 Brad O’Connor

 

Higher mortgage rates and less pandemic-driven buyer demand helped drive the drop in closed sales, according to Florida Realtors Chief Economist Dr. Brad O’Connor.

 He pointed out several factors that make it difficult to make exact comparisons between last year’s spring homebuying season and this year’s, now underway with the March data.

 “First, last year could really be considered our first spring buying season in two years, with the 2020 season having been snuffed out by the onset of the pandemic,” he said. “So there was an excess of pent-up demand there.

 "Second, the pandemic was still quite severe a year ago and was spurring relocations and second home purchases in Florida from out-of-state buyers. That’s still happening now, but not to the same extent.

 "Third, while our single-family inventory was severely depleted by the beginning of 2021, there was still some slack in our condo and townhouse inventory at the time. 

"That inventory cushion allowed for last year’s massive statewide boom in condo and townhouse sales.

"And last, but certainly not least, mortgage rates were still near record lows last spring. It simply can’t be understated how much these low rates helped fuel housing demand during the pandemic.”

 To see the full statewide housing activity reports, please visit the Florida Realtors Newsroom at http:// floridarealtors.org/newsroom and look under Latest Releases or download the March 2022 and 1Q 2022 data report PDFs under Market Data at: http://floridarealtors.org/newsroom/market-data.

 CONTACTS:

Marla Martin, Florida Realtors® Media Relations and Communications Manager, or

  Jeff Zipper, Senior Vice President of Communications and Marketing; 407/438-1400, ext. 2326 or 2314

 http://floridarealtors.org/newsroom.

 

JLL Capital Markets arranges financing for the planned 148-unit Iota Fox Station apartments in emerging Denver, CO submarket

 

Rendering of planned 148-unit 
 Iota Fox Station apartments
 in Fox Station, CO

 DENVER, CO – JLL Capital Markets has capitalized Iota Fox Station, a 148-unit, Class A, type III podium apartment development at 500 West. 41st Avenue, in the burgeoning Fox Station neighborhood of Denver, Colorado.

 JLL worked on behalf of the developer, Highland Development Company.

 The JLL Capital Markets Debt and Equity Advisory team representing the borrower was Director Rob Bova.

Rob Bova

“Iota Fox Station is an exciting project located in Fox Station, a rapidly changing and burgeoning Denver submarket,” said Bova.

“The Highland Development Company team did an excellent job programming the site to the needs of the submarket and future tenant base, which was reflected in kind through robust capital interest.

"The development team had the foresight to identify, program and move quickly through a rapidly evolving capital markets environment in order to be a trailblazer for the neighborhood.”

 

 CONTACT:

Jenna Sharp

JLL

M +1 214 394 3356

JLL.com

HighlandDevelopmentCo.com.

 

64-unit Edison Apartments in Gresham, OR
  sold by owner-investor Trion Properties
 after only 18 months on the market

Gresham, OR – Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has sold Edison Apartments, a 64-unit apartment community at 1833 SE 6th Street in Gresham, the largest suburb of Portland, Oregon, for $19.5 million.  

Max Sharkansky

 Jordan Carter, Tyler Linn, and Clay Newton of Kidder Mathews represented Trion Properties as the seller in this transaction. The buyer's name was not disclosed.

 The principals of Trion Properties are Max Sharkansky and Mitch Paskover, two real estate professionals with over 30 years of combined experience in finance, acquisitions, management and redevelopment. Additional information is available at 

 Trion initially acquired the asset for $12 million in October 2020, according to Sharkansky, Managing Partner at Trion Properties. 

Mitch Paskover

“We purchased this newly built property just as it obtained a certificate of occupancy in 2020, identifying it as an excellent opportunity to add a modern multifamily community to our portfolio at far below replacement cost,” explains Sharkansky.

 “Following several years of building a well-positioned portfolio of multifamily communities in markets with proven resilience throughout economic cycles, we were strongly capitalized and able to act quickly to seize this opportunity.

 "We ultimately leveraged the strength of the property, the location, and the increasing demand for suburban life, to lease up the asset and generate a significant return within just 18 months.”  

 Jordan Carter

 

Sharkansky notes that the success of this investment speaks to Trion’s ability to strategically source acquisitions, build and maintain relationships in our target markets, and remain nimble during unprecedented times like the early months of the pandemic. 

 “This was a departure from our typical strategy in the Portland area of acquiring apartment communities of older vintages and implement light-to-moderate value-add renovations,” explains Sharkansky.

 “With strategic timing and effectively communicating the strengths of the property and market with the team at Kidder Mathews, who were instrumental in making the deal happen and went above and beyond to ensure a successful sale, we were able to sell the asset for well over the initial purchase price.” 

Tyler Linn

 Portland was ranked in the top 10 on U.S. News & World Report’s list of the 150 Best Places to Live in the U.S. in 2021-2022 and has and has consistently ranked as one of the top cities for in-migration over the last several years.

 As there continues to be an influx of new residents to the Portland metro, it is expected vacancy will decline significantly and rents will continue to rise.

 Gresham is projected to be one of the best rent growth areas in the Portland metro area as population growth continues to outpace housing supply, creating a competitive rental market, notes Sharkansky.  

  “The city of Gresham is the manufacturing and distribution hub of Portland, with industrial tenants continuously flocking to the area,” adds Sharkansky.

Clay Newton 

 “With the ongoing boom of industrial asset classes, Gresham is well positioned to continue to benefit from economic expansion tied to the rise of the e-commerce industry.

 "The continued expansion has led to an increased need for quality housing to support the growing population of employees.

 "Despite the increasing population, new construction has been limited as developers have focused on Portland’s core during the economic expansion.

 "The result has been a submarket with some of the tightest vacancy rates and fastest rising rents in the state.”  

 CONTACTS:

Elisabeth Manville / Anthea Davis  

The Smart Agency, Inc. 

(949) 438-6262

andavis@thesmartagency.com 

 

https://trionproperties.com/

 

JLL arranges $600 million sale to NorthWest Healthcare Properties REIT for 27-property 1.2 million SF healthcare portfolio across 10 states

 

Mindy Berman

CHICAGO, IL, April 19, 2022 – JLL’s Healthcare Capital Markets group has closed the $600 million sale of a 27-property, best-in-class, core-quality healthcare real estate portfolio totaling 1.2 million square feet in Arizona, California, Colorado, Illinois, Indiana, Florida, Massachusetts, Minnesota, Oklahoma and Texas markets.

 Ben Mohns

JLL marketed the portfolio on behalf of the seller, Harrison Street. NorthWest Healthcare Properties acquired the assets.

 “Harrison Street is proud to have partnered once again with JLL’s Healthcare Capital Markets team to execute the sale of this complex portfolio spanning multiple medical sub-sectors and U.S. states,” said Ben Mohns, Senior Managing Director and Head of North American Asset Management at Harrison Street.

 “The successful sale of these diversified healthcare assets reinforces the strength of Harrison Street’s ongoing partnership with JLL, and the portfolio execution ability of our talented team who have worked diligently to execute on behalf of our investors.”

Evan Kovac

The portfolio has a mix of 15 medical office buildings, five micro-hospitals, four behavioral hospitals, two inpatient rehabilitation hospitals, and one heart and surgical hospital.

 The portfolio includes nine properties in Arizona; five properties in Texas and Illinois; two properties in Florida and one property each in Minnesota, Massachusetts, California, Oklahoma, Colorado and Indiana.

 The portfolio is 97% occupied by key healthcare providers, including Advocate Aurora Health, Rush University Medical Center, Memorial Hermann, Ascension, Banner Health, Tenet Health, Lutheran Health Network, Baylor Scott & White Health and Edward-Elmhurst Healthcare.

 Andrew Milne

The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Mindy Berman, Evan Kovac, Andrew Milne and Brian Bacharach and Managing Directors Tim Joyce and Brannan Knott, with support from Vice Presidents Trent Jemmett and CJ Kodani.

 Local support was provided by JLL licensed brokers in each location.

 “The offering was well received due to its scale and the mix of medical office and acute care facilities,” Berman said. “Healthcare assets have seen increased investor interest, as the sector offers long-term leases with quality tenants that provide steady income to landlords.”

Brian Bacharach 

The JLL Capital Markets group 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 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.

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

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

Tim Joyce

About Harrison Street

Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets.

 Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets.

 The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure.

 Headquartered in Chicago with offices in London, Toronto, San Francisco and Washington D.C., the firm has more than 200-employees and approximately $44 billion in assets under management.

Brannan Knott

Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America.

Harrison Street was awarded Best Places to Work by Pensions & Investments for seven consecutive years (2014-2020) and was recognized by PERE as the 2021 Alternatives Investor of the Year, North America and 2020 Global Alternatives Investor of the Year.

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

About NorthWest Healthcare Properties (“NorthWest”)

NorthWest is a global real estate investor and asset manager focused on properties and partnerships at the intersection of healthcare, knowledge and research.

Trent Jemmett

Founded in 2004 and publicly traded since 2010, NorthWest (TSX: NWH.UN) is a real estate investment trust that owns and operates a $10 billion portfolio of 224 high quality healthcare properties across Canada, the United States, Brazil, the UK, Germany, the Netherlands, Australia and New Zealand.

With more than 300 professionals globally, operating in 7 countries, NorthWest brings a global view, local execution capabilities and a long-term ownership strategy which allows it to serve as a real estate partner of choice to leading healthcare operators around the world.

CJ Kodani

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.

JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

For further information, please visit jll.com.

  CONTACT:

Cierra Lacasse

PR, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com