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Ben Blakney
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Sunday, August 7, 2022
Mesirow’s Ben Blakney Named to Savoy 2022 List of Most Influential Black Executives
North Raleigh, NC 212-acre master-planned development site sells for $12 million
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| Sarah Godwin |
RALEIGH, NC – JLL Capital Markets has closed the $12 million sale of Buffaloe Reserve, an approximately 212-acre, master-planned development opportunity with residential and commercial zoning in the North Raleigh area of the Triangle region.
JLL represented the seller. The purchaser is a joint venture between Suncrest Real Estate & Land, a national residential master developer, and TriGate Capital, a leading real estate investment manager.
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| Sean Cooney |
“Buffaloe Reserve will bring a diverse mix of residential and multi-family product to an area of the city that is severely undersupplied and is growing rapidly.”
Buffaloe Reserve offers approximately 2,000 feet of frontage along the Neuse River and nearly 3,000 feet of frontage along I-540, serving as one of the largest undeveloped single-ownership parcels remaining in Wake County.
The rezoning of the site was finalized in December 2021 with approval for 1,110 residential units, including single-family, townhome and apartments, as well as a commercial component.
Located at 6515 Buffaloe Rd., the property is within a 20-minute drive of the market’s largest employment nodes, including downtown Raleigh, North Hills and Research Triangle Park. 
Buffaloe Reserve, 6515 Buffaloe Road,
North Raleigh, NC aerial photo
The property is well-located near key east-west regional connector I-540 and offers north-south connectivity from both U.S. Highway 401/Louisburg Road and U.S. Highway 1/Capital Boulevard.
The site is also proximate to the 1.2-million-square-foot Triangle Town Center Mall.
Contact:
Jenna
Sharp
JLL
Associate
Public Relations
Phone: +1
214 394 3356
Email: Jenna.Sharp@am.jll.com
Daniel Digerness joins JLL’s Phoenix Capital Markets team
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| Daniel Digerness |
PHOENIX, AZ – JLL Capital Markets announced
Daniel Digerness has joined the firm as a Director in its Phoenix office. Digerness will focus on debt and equity advisory across all product types in Phoenix and the Southwestern U.S.
With more than 20 years of industry experience, Digerness has advised on more than $3 billion of debt and equity transactions over his career.
He comes to JLL after 12 years with another commercial real estate services firm, most recently serving as a vice president.
Digerness is an active member of the Urban Land Institute and previously served on the Board of Directors for the Association of Commercial Real Estate.
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| Brad Miner |
Digerness is a graduate of Arizona State University and originally began his career in Phoenix.
Contacts:
Kimberly
Steele
PR, Capital
Markets, Agency Leasing
and Valuation Advisory
JLL
T +1 713 852 3420
M +1 832 244 9994
Stos Partners marks entrance to Southeast region with acquisition of industrial property totaling 276,081 SF in Nashville, TN
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| 276,081-SF industrial building at 3555 Cleburne Road, Spring Hill, TN |
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| CJ Stos |
The property, at 3555 Cleburne Road, marks the company’s entrance into the Southeast U.S. region, according to CJ Stos, Principal of Stos Partners.
“Our firm’s deep industrial sector expertise was
key to identifying Nashville as an area offering powerful growth potential,”
says Tanner Jansen, Vice President of Acquisitions at Stos Partners.
“One of our newest strategic initiatives is to expand our presence
outside of the Western United States. With ongoing demand for well-located
manufacturing and distribution buildings and a forecasted population growth of more than
500,000 people within the next two decades, Nashville is an extremely
attractive market for our firm to target.”
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| Tanner Jansen |
“The call for new, well-located spaces has created strong competition among buyers in Nashville, particularly for buildings offering 200,000 square feet or more in usage area,” says CJ Stos.
“This demand has driven Nashville’s already low vacancy rate into an all-time low of 3.2%, making now the perfect
time to add this asset to our industrial portfolio.”
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| Jay Boyle |
Originally constructed in 2019 and recently expanded in 2021, Stos Partners’ recently acquired Spring Hill asset is occupied by a long-term tenant, a manufacturer of automobile door panels.
The
state-of-the-art manufacturing building features a spacious parking lot,
multiple sit entrances, excess yard/truck parking, 14 dock-high and drive-in
doors, and 45’ high ceilings for storage and distribution, and provides nearby
access to highways 247 and 31.
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| Jason Richards |
“Our company views this acquisition as an opportunity to invest in new or brand-new industrial assets that are conveniently located close to transportation routes,” says Jason Richards, Partner at Stos Partners.
In addition to this latest acquisition, Stos
Partners recently hired Morgan Hill as Vice President of Acquisitions.
Hill will be spearheading the firm’s acquisitions in Arizona, Colorado, and
other West Coast markets.
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| Morgan Hill |
CONTACTS:
Arleeny
Escarcega / Katie Haga
(949) 438-6262
Friday, August 5, 2022
New Partner Bob Stupar Strengthens BCLP Finance Transactions Practice
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Bob joins in the Atlanta office from
Kilpatrick Townsend, where he was a partner.
He
concentrates his practice on origination and servicing of commercial real
estate conduit and balance-sheet loans secured by apartment buildings, shopping
centers, strip malls, hotels, warehouses, residential developments, office
buildings and other types of commercial real estate.
Clients
include banks, master servicers, special servicers, CLO issuers, CMBS trusts,
insurance companies and other CRE lenders.
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| Jason DeJonker |
Also: property leasing and management, workouts of
non-performing commercial real estate loans, exercise of secured creditor
remedies (foreclosures, receiverships, discounted loan payoffs, loan sales,
forbearances, and borrower/guarantor litigation) and REO dispositions.
“Bob
brings significant CMBS loan servicing and workout experience to BCLP, and fits
well with the over 35 attorneys at BCLP who focus on representing issuers,
servicers, and special servicers in the servicing, real estate capital markets,
workout/bankruptcy, and structured finance practice areas," said Partner
and Co-Global Practice Group Leader - Finance Transactions, Jason DeJonker.
Bob
is a frequent speaker at local and national legal and finance industry events.
He is a fellow of the American College of Mortgage Attorneys and a member of
the Serbian Bar Association of America.
He
speaks Bosnian/Serbian/Croatian, as well as French.
Contacts:
Brian Kiefer
312-602-5121 brian.kiefer@bclplaw.com
Leslie Leader Brooks
312-602-5187 leslie.brooks@bclplaw.com
John Garger
917-420-5820
jgarger@rippmedia.com
Allan Ripp 646-285-1779 arippnyc@aol.com
Thursday, August 4, 2022
Premier retail and dining destination center in Miami sells for $216 million
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| Kim Flores |
MIAMI, FL, Aug. 4, 2022 – JLL Capital Markets announced today that it has closed the $216 million sale of Mary Brickell Village, a 200,503-square-foot, Publix-anchored mixed-use retail center with an 875-space parking garage in Miami’s dynamic Brickell district.
JLL marketed the asset on behalf of the sellers,
Rockpoint and Ivanhoe Cambridge. RPT Realty acquired the center.
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| Danny Finkle |
“Mary Brickell Village is one of the most
unique and well positioned retail properties in the country,” said Finkle.
“The
Miami Brickell district has quickly evolved into one of the most dynamic and
exciting places in South Florida, and this 5.2-acre parcel with a variety of
best-in-class retailers and restaurants is in the absolute epicenter.”
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| Chris Angelone |
The center is complemented by an exceptional roster of high-quality, leading retailers and popular restaurants, including Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks, Massage Envy, Candela Gastro Bar and EWM Realty.
Originally
constructed in 2008, the property underwent substantial renovations and
modernizations between 2018 and 2020.
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| Matthew Lawton |
This
irreplaceable location is at the epicenter of the Brickell District and
surrounded by excellent demand drivers, with 18.4 million square feet of office
space, more than 147,000 daytime employees, over 6,600 hotel rooms and 76,000
residents all within 10 blocks.
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 sales and advisory, debt advisory, equity advisory or a
recapitalization.
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| Eric Williams |
For more news, videos and research resources on
JLL, please visit our newsroom.
Contact:
Kimberly
Steele, JLL Sr. Manager, Public Relations
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com
Mesirow hires Will Beam as Managing Director, Acquisitions in Institutional Real Estate Direct Investments
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| Will Beam |
CHICAGO, IL, Aug. 4, 2022 – Mesirow, an independent, employee-owned financial services firm, today announced Will Beam has joined as a Managing Director, Acquisitions in Mesirow Institutional Real Estate Direct Investments. Leveraging nearly 20 years of real estate investment experience and past oversight of more than $4.5 billion in real estate investments, Will’s focus will be on all aspects of the acquisition process. “Will has a proven track record in the direct real estate investment space, specializing in multi- and single-family rental housing, and deep relationships, spanning the breadth and scope of the industry, that will enhance our capabilities to serve clients,” said Alasdair Cripps.
“On behalf of our team, I wish to welcome Will to Mesirow and look forward to his future contributions as we remain laser-focused on providing institutional investors with access to compelling investment opportunities and attractive risk-adjusted returns.” Will joins Mesirow from Magnolia Capital, where he served as Managing Director and Principal of Investments and Business Development. Previously, Will had advanced to the role of Partner at Heitman, after working in multi-family acquisitions for 13 years. Over the course of his career, Will has helped lead acquisitions, financing and dispositions along with raising capital for new investment products. |
For more information, please visit: https://www.mesirow.com/capabilities/global-investment-management/institutional-real-estate-direct. |
mediainquiries@mesirow.com |
Native Realty CEO Jaime Sturgis brokers $9.84 million sale of 6.6-acre commercial site in Davie, FL
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| Jaime Sturgis |
Summerwind Properties
LLC of Fort Lauderdale acquired the 10450 W. State Road 84 site for $9.84
million. Digital Comm Link Inc. was the seller. The transaction closed on Aug.
2.
The site includes two
existing industrial buildings totaling 14,605 square feet, leaving plenty of
room for future office or industrial development.
Its proximity to I-595, Fort Lauderdale International
Airport and Port Everglades make the site highly desirable for commercial
users.
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| Rendering of Flagler Village, Fort Lauderdale, FL |
On July 15, Sturgis represented Summerwind in the $17.5 million sale of a Fort Lauderdale industrial building. The Davie transaction satisfies the requirements for a 1031 exchange.
Five days after closing the Fort Lauderdale industrial sale, Sturgis represented both sides of the $10 million off-market sale of a Flagler Village office building.
In that deal,
Charlotte-based real estate investment company Asana Partners expanded its
established presence in Flagler Village by acquiring the office building, an
adjacent warehouse and surface parking.
CONTACT:
Eric Kalis
Vice President,
BoardroomPR
O 954-370-8999
C 305-794-5123
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort Lauderdale, FL 33322
Web | Facebook | LinkedIn | Twitter | Instagram
Wednesday, August 3, 2022
TPG/Marshall Hotels & Resorts Names Douglas Osborne General Manager of 20-Room 1715 on Rittenhouse, A Boutique Hotel in Philadelphia, PA
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| Douglas Osborne |
PHILADELPHIA, PA—TPG/Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, announced Douglas Osborne has been named general manager of the 20-room 1715 on Rittenhouse, a Boutique Hotel, located in the heart of Philadelphia's affluent Rittenhouse Square neighborhood.
“A twenty-plus year hospitality operations
veteran with nearly a decade of that experience in Philadelphia, Douglas is the
ideal leader to take the hotel to the next level while ensuring improved guest
satisfaction and strong financial performance,” said Mike Marshall,
president and CEO, TPG/Marshall Hotels & Resorts.
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| Mike Marshall |
“With the completion of its multi-million dollar renovation, 1715 on Rittenhouse, a Boutique Hotel, has achieved ‘like-new’ status that makes it the ideal destination for upscale visitors seeking a truly unique Philadelphia experience.
"While
1715 on Rittenhouse is very much a hotel, with each room boasting its own
theme, the guest experience is more akin to staying in a luxury Philly
townhouse with each room uniquely decorated to give guests a distinctive
experience for their stay.”
Most recently, Osborne was clubhouse manager
of the Germantown Cricket Club where he built relationships with affluential
guests that had major ties within Philadelphia’s marketplace.
CONTACT:
Chris Daly, media
DG Public Relations
(703) 864-5553
