CrossMarc Services Names Flavia Kanyago Vice President

Flavia Kanyago

 WINTER PARK, FL – CrossMarc Services, LLC, a real estate investment and advisory firm based in Winter Park, has named Flavia Kanyago, as Vice President.

          CrossMarc CEO John Crossman, CCIM CRX said Kanyago, who brings 10 years of experience in retail commercial real estate to the firm, specializes in landlord and tenant representation, structuring deals and negotiating sale and lease contracts along with new client acquisition.

John Crossman

arc Services, and we anticipate that she will continue to be a leader in the market,” Crossman said.

 Kanyago embraced retail commercial real estate early in her career.  A graduate of Florida A&M University’s School of Business and Industry, she has had the benefit of working with the site selection strategy team of Publix Supermarkets, Inc., and the leasing teams at Front Street Commercial Group and Avison Young. 

Most recently, she was director of leasing at Capital Stack Real Estate Group. 

 In her new role at CrossMarc Services, Kanyago will handle tenant representation and the leasing of all assets owned by the firm.  She will bring in numerous clients and ensure that active retailers and brokers are familiar with the CrossMarc portfolio.

 About CrossMarc Services

Founded in 2020, Winter Park-based CrossMarc Services specializes in commercial real estate services, including advisory, investment, brokerage and property management.   

 Contacts:

John Crossman, CCIM, CRX, President CrossMarc Services, LLC,  1011 N. Wymore Rd. Winter Park, FL 32789 - 407-341-3895 or jcrossman@crossmarcservices.com

 

Flavia Kanyago, Vice President, CrossMarc Services, LLC, 1011 N. Wymore Rd. Winter Park, FL  32789;  850-264-3609 or fkanyago@crossmarcservices.com 

 Beth Payan, Larry Vershel Communications, 2433 Lee Rd., Winter Park, FL 32789;

 407-461-3781 beth@larryvershel.com

 www.crossmarcservices.com

 

 

Beta Agency brokers $4 million land acquisition in San Luis Obispo, CA

 

Madison Williams
 

 San Luis Obispo, CA – Beta Agency, a leading commercial real estate brokerage and advisory firm, has announced that Rich Development Company has purchased a property located at 1381 San Joaquin Ave in San Luis Obispo, California for $4.16 million. 

Richard Rizika

The subject property consists of 2.94 acres of land and features frontage along the 101 Freeway. The buyer’s development plans for the site were not disclosed at time of sale.

Beta Agency’s Richard Rizika, Xan Saks, and Madison Williams represented the buyer, Rich Development Company, headquartered in San Pedro, California.

Xan Saks

“The subject property represented an exceptional development opportunity in the highly desirable community of San Luis Obispo.”

San Luis Obispo is located halfway between Los Angeles and San Francisco. San Luis Obispo is a popular tourist destination, known for its historic architecture, vineyards, and hospitality, as well as for being home to California Polytechnic University, San Luis Obispo.

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.”

IEC appoints David Shin to Director of Asset Management and Director of ESG

 

David Shin

BREA, CA – As part of ongoing strategic growth to deepen its capabilities, institutional fund manager and value-add investor Interstate Equities Corporation (IEC) has announced the promotion of David Shin to Director of Asset Management and Director of ESG. 

With this promotion, Shin, who previously served as the IEC’s Vice President of Asset Management, will be responsible for the oversight of repositioning and business plan execution for properties across IEC’s entire multifamily portfolio, which spans California and Washington, and continue co-leading the firm’s Orange County office, according to Julia Boyd Corso, Co-President, and Chief Operating Officer of IEC. 

Julia Boyd Corso

“David has been an integral part of the IEC team for seven years now,” says Boyd Corso. “He started at the firm as an Asset Manager and has since taken on greater responsibilities during his tenure, playing a key role in asset performance throughout our portfolio.

"As Director of Asset Management, David will oversee IEC’s portfolio, ensuring assets are being repositioned and operated in line with our commitment to improving resident experience and creating value for our investors.” 

In addition to his position as Director of Asset Management, David will continue to serve as a trusted member of IEC’s investment committee, and step into a new role as Director of ESG. 

 CONTACTS:

 

Anthea Davis / Lexi Astfalk  

The Smart Agency, Inc.  

(949) 438-6262  

andavis@thesmartagency.com   

 

 

 

East Houston, TX retail center sells to South Florida investor

 

Erin Lazarus.

HOUSTON, TX – JLL Capital Markets has closed the sale of Humblewood Shopping Center, a 163,897-square-foot power center anchored by Conn’s and Petco in the Houston-area community of Humble, Texas. The price was not disclosed.

JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West and Associate Erin Lazarus.

Chris Gerard 

Humblewood Shopping Center is home to a diverse mix of national and regional tenants, including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.

 Located at 19611 US 59, Humblewood Shopping Center is at the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is northeast Houston’s dominant retail intersection and directly across the street from Deerbrook Mall, a 1.2-milion-square-foot regional mall.

Ryan West

The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people.

 The center serves a population of 43,280 residents within a three-mile radius earning an average annual household income of nearly $84,000.

 CONTACT:

 Kimberly Steele

 JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Stan Johnson Co. Hires Sam Crowe to head its newest regional office in Denver, CO

 

Sam Crowe 

 DENVER, CO -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, announced Sam Crowe has joined the firm as an Associate Director and will lead the company’s newest regional office in Denver, Colorado.

Crowe specializes in the acquisition and disposition of multi-tenant and single-tenant net lease investment assets throughout the mountain states region.

He previously worked with Avison Young as a Senior Associate in the Denver market for six years. Prior to Avison Young, he was a Junior Associate at Katz Properties Retail in New York City.

 Before joining the commercial real estate industry, Crowe spent nine years in modular construction in the development of multifamily and single-family homes.

Curtis Hodges

With the opening of the Denver office, Stan Johnson Company operates 15 regional offices in addition to the Tulsa, Oklahoma headquarters. This is the company’s sixth West Coast office.

                “We’re excited to be opening the Denver office with Sam Crowe,” said Curtis Hodges, Senior Vice President.

 “Sam is a great addition to our firm and aligns perfectly with the values of Stan Johnson Company. He is an advisor to his clients and has an excellent track record in the mountain states.

"We’re looking forward to Sam providing value to his clients with our platform and team behind him.”

CONTACT:

 

   David Ebeling

 Ebeling Communications

 (949) 278-7851

 david@ebelingcomm.com

 

Adam Dembowitz joins JLL’s Valuation Advisory group

         

Adam Dembowitz

CHICAGO, IL– JLL’s Valuation Advisory group has hired Adam Dembowitz as a Managing Director in its Denver office. Dembowitz will focus on driving growth and expanding the group’s West Coast platform in Colorado and California.

 

Dembowitz joins JLL with nearly 20 years of real estate experience spanning valuation advisory, consulting, sales and leasing, construction administration, development, and property management.

 

“Valuation advisory services have been in high demand and our group is continuing to grow as the market dictates,” said Tony Lenamon, Americas Head of Valuation Advisory.

Tony Lenamon

“The West Coast market is an important region for our team, and we’re excited to have a professional with Adam’s depth of understanding in the space and deep bench of client relationships to expand our offerings and services to our valued clients throughout the Western U.S.”

 

Dembowitz will report directly to Lenamon and continue to build out the group’s services across all property types in the Western region. He is a designated member of the Appraisal Institute and an active member of the Colorado chapter of the Appraisal Institute.

CONTACT:

  Kristen Murphy, JLL Director, Public Relations

Phone: +1 617 543 4873

Email:  Kristen.Murphy@am.jll.com

 

Investor purchases open-air retail center in Indiana

Orchard Crossing, a 130,100-square-foot,
 open-air, Target-shadow-anchored retail
center located in Fort Wayne, IN

 

CHICAGO, Aug. 11, 2022 – JLL Capital Markets announced today that it has closed the sale of Orchard Crossing, a 130,100-square-foot, open-air, Target-shadow-anchored retail center located in Fort Wayne, Indiana. The price was not disclosed.

Amy Sands 

JLL represented the seller, DRA Advisors, and procured the buyer, LBX Investments.

 The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder.

Clinton Mitchell 

Built in 2008, the 99-percent-leased Orchard Crossing is anchored by Hobby Lobby and Barnes & Noble, which both recently entered new leases, as well as Dollar Tree and Five Below.

Additionally, the property is shadow anchored by a Target that has generated 1.3 million visitors in the past 12 months.

Located at 902 S. Thomas Rd., the property is located at the hard corner of Illinois Road and South Thomas Road, which experienced a 35,000 vehicles per day count.

Michael Nieder

The center benefits from an affluent customer base with an average household income of $95,806 within the area.

 Orchard Crossing Shopping Center holds a dominant market position due to its location directly across from Jefferson Pointe Shopping Center, which had just under five million visits in the past 12 months.

 CONTACT:

  Jenna Sharp, Associate, Public Relations

Phone: +1 214 394-3356

Email:  Jenna.Sharp@am.jll.com

 http://draadvisors.com

JLL Capital Markets arranges$45 million sale of 193,850-square-foot Tel Twelve retail center in Southfield, MI

 Amy Sands

 

 CHICAGO, IL – JLL Capital Markets has closed the $45 million sale of Tel Twelve, a 193,850-square-foot, open-air, retail center located within the Detroit MSA in Southfield, Michigan.

 JLL represented the seller, RPT Realty, and procured the buyer, Kaufman & Jacobs, LLC, a Chicago-based real estate private equity firm.

Clinton Mitchell

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder.

Built in 1968 and renovated in 2005, the 97.8-percent-leased Tel Twelve is anchored and junior-anchored by Best Buy, Ulta, DSW, PetSmart, BuyBuy Baby and Michaels.

Michael Nieder

Shadow anchors include Meijer and Lowe’s, driving additional traffic to the site.

 Additionally, the newly developed Chick-Fil-A outlot recently entered a 15-year ground lease. Over the last 12 months, the site has seen 4.8 million visitors.

 Located at 28400 Telegraph Rd., Tel Twelve is situated at the intersection of Telegraph Road and 12 Mile Road, two of the heaviest traveled roads in southeast Michigan with a total of 100,000 vehicles per day.

The property is just 20 miles northwest of downtown Detroit and .5 miles away from I-96. The center benefits from the 62,856 residents within a three-mile radius.

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

 

CONTACT:

 

 Jenna Sharp, Associate, Public Relations

Phone: +1 214 394-3356

Email:  Jenna.Sharp@am.jll.com

 rptrealty.com.

 

 

The Keyes Company’s Martin Hoffman and MaryEllen Closius Close $14.6 Million Land Sale in Northwest Miami-Dade County

 

MaryEllen Closius

 Miami, FL – The Keyes Company’s Martin Hoffman, P.A. and MaryEllen Closius, P.A., a prolific broker tandem based in the firm’s Hollywood office, closed the sale of two Miami-Dade County lots for a total of $14.6 million. 

The duo made the all-cash deal happen in just 12 days, and the 10-acre parcels sold for $2.6 million above the $12 million list price.

 

KZ Capital LLC purchased the 13425 NW 182nd St. and 18201 NW 137th Ave. properties. The buyer plans to develop a first-class truck parking project on the site, which is located near Hialeah and just east of US-27.

Martin Hoffman

 Hoffman and Closius represented both sides in the transaction. The brokers, who have a combined 60-plus years of real estate sales experience, had an existing relationship with the seller.

 

“We leveraged our relationships to facilitate this land sale in less than two weeks and well above the list price,” Closius said. “The scarcity of developable land in Miami-Dade and Broward counties makes sites like these particularly desirable.”

 

In 2008, Hoffman merged his 50-agent office into the Keyes Hollywood office. Shortly after, he met Closius, who at the time was a relocation specialist at Keyes. They decided to join forces, and have since become fixtures among the firm’s top producers across Miami-Dade and Broward counties.

 

Miami-Dade County territories

“We complement each other extremely well,” Hoffman said. “That has enabled us to expand our specialties to include selling and leasing residential, commercial and development sites. We take care of everyone from first-time homebuyers to experienced commercial real estate investors.”

 

To date, Hoffman and Closius rank as the Hollywood office’s No. 1 seller in 2022, based on a closed volume of $33.65 million (Keyes considers couples as individual brokers when comparing sales output).

CONTACTS:

 Eric Kalis and Daniel Benjamin, BoardroomPR

ekalis@boardroompr.com or dbenjamin@boardroompr.com

954-370-8999

www.hoffmanandclosius.com.