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| Kate Pertzsch |
|
CONTACT:
Jennifer Beidle
Jennifer Beidle Communications
St. Louis, MO 63129
Thursday, November 17, 2022
KAI Hires Kate Pertzsch as Senior Interior Designer in Dallas-Fort Worth, TX Office
CONTACT:
Jennifer Beidle
Jennifer Beidle Communications
St. Louis, MO 63129
JLL Capital Markets has arranged $11 million refinancing for the 56-unit Chateau Spring Terrace in La Mesa, CA, marking JLL’s 12th financing on behalf of Universe Holdings this year
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| Elle Miraglia |
SAN FRANCISCO, CA – JLL Capital Markets has arranged the $10.75 million refinancing of Chateau Spring Terrace, a 56-unit multi-housing community located in La Mesa, California.
JLL worked on behalf of the borrower, Universe
Holdings, to secure the ten-year, fixed rate loan through Mechanics Bank.
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| Jolie Zhou |
This closing marks JLL’s 12th financing on behalf of Universe Holding bringing the total loan amounts to $142M YTD. This legacy portfolio of 727-units is spread across Southern-California from San Diego to Ventura.
“These refinances have added approximately $35
million of new equity, which Universe will strategically deploy across the
country in the next four months.” said Henry Manoucheri, CEO and
Chairman of Universe Holdings.
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| Henry Manoucheri |
Built in 1969, Chateau Spring Terrace features
one-, two- and three-bedroom units with patios and balconies, efficient
appliances, large closets, hardwood floors and spacious floorplans.
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| Chateau Spring Terrace apartments, La Mesa, CA |
Situated at 4242 Spring St., Chateau Spring Terrace
is proximate to downtown La Mesa, San Diego State University (SDSU), the
trolley station and the I-8, 125 and 94 freeways.
 |
| Charles Halladay |
Vacancy
has remained below 3% in the past five years. Rent growth across the
entirety of the submarket sits at 8.2%.
The JLL Capital Markets Debt Advisory team in
these transactions includes Senior Managing Director Charles Halladay,
Director Jonah Aelyon, Analyst Jolie Zhou and Analyst Elle
Miraglia.
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
 |
| Jonah Aelyon |
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.
CONTACT:
Jenna
Sharp
JLL
M +1 214 394 3356
Atlanta Property Group Acquires Infill, Industrial Portfolio in Metro Atlanta for $49 Million
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| Smith Haverty |
As the firm’s first industrial transaction in Atlanta’s northwest submarket— which has seen substantial industrial activity in recent years —the acquisition highlights the firm’s efforts to expand its portfolio since reentering the industrial market in 2021.
“We are very pleased to plant our flag in this established industrial hub that has seen exceptional absorption and record-low vacancy rates over the last two years,” said Smith Haverty, partner at APG.
“Kennesaw is a strategic, infill submarket with an attractive growth profile. As we continue to bulk up our portfolio, this latest acquisition reinforces our desire to secure properties in well-located, fast-growing regions across the southeast.”
The newly acquired portfolio comprises three warehouse facilities totaling 305,000 square feet located near Chastain Road with direct access to I-75 and I-85 — two major transportation arteries. Constructed in the mid-90s, the rear-load buildings feature 24-foot clear heights to meet a variety of tenant needs. The properties are 100% leased to 6 tenants.
Built in 2000, the office property is a single-story building spanning 72,000 square feet with a parking ratio of 5/1,000.
Currently 73% leased with one vacancy totaling approximately 20,000 square feet, the property is in close proximity to Kennesaw State University, as well as the I-75 and I-575 interchanges.
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| Austin Chase |
“We have ample capital available to continue to invest in high-quality, infill industrial properties located in submarkets across the southeast where we are confident demand will outpace supply,” said Shep Dinos, managing partner at APG.
“In 2023, we plan to build upon our momentum with the goal of doubling our industrial portfolio and expanding into new markets.”
Since reentering the industrial sector last year, APG has acquired 11 buildings totaling nearly 1 million square feet across the Atlanta, Charlotte and Nashville MSAs.
The firm is targeting
investment opportunities in key logistics hubs across the southeast, with plans
to deploy $100 million of committed equity into existing industrial properties
in markets including Atlanta, Charlotte, Nashville, Raleigh, and Central
Florida by the end of 2023. 
Shep Dinos
CONTACT:
The Wilbert Group
Aliya Seymour, Account Executive
m: 678.477.3630
IndiCap and AECOM-Canyon Partners break ground on 113-acre Mesa, AZ industrial park
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In the groundbreaking photo from left are: Geo Villalta, Senior Development Manager - IndiCap; Jason Kuckler, Principal - IndiCap; Todd Ostransky, Vice President of Development - IndiCap; Steve Larsen, Senior Managing Director - JLL; Carl Beardsley, Senior Director Capital Markets - JLL; Bill Jabjiniak, Economic Development Director - City of Mesa; Mike Chernine, Partner - IndiCap; Jason Moore, Senior Vice President - JLL |
PHOENIX,
AZ, Nov. 15, 2022 – IndiCap and
AECOM-Canyon Partners today joined JLL and the City of Mesa to break ground on Eastmark
Center of Industry, a 113-acre industrial park located in the heart of the
Gateway Airport submarket in Mesa, Arizona.
 |
| Mesa Mayor John Giles |
IndiCap
purchased the project site in April 2022 for $48 million, marking its entry
into metro Phoenix and the start of a bullish expansion in the market.
IndiCap now has a total of 10 projects with over 13 million square feet of Class A industrial space planned or under development in sought-after industrial corridors including the Loop 303, Central Phoenix, Mesa, Gilbert and Casa Grande.
“The Gateway area is drawing business of all sizes, and the Eastmark Center of Industry is an exciting addition that will serve the needs of those eager to locate in Mesa,” said Mayor John Giles. “The City of Mesa is pleased to start this new relationship with IndiCap and AECOM.”
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| Mike Chernine |
“The
Valley boasts many amazing industrial sites and Eastmark Center of Industry is
one of them, with immediate access to the robust local freeway system and
Gateway Airport.
"These connections open the door to a
huge range of tenants and uses. We are excited to work in partnership with
AECOM-Canyon to watch this park evolve to meet this dynamic demand and we
appreciate the support we’ve received from the City of Mesa throughout the
process.”
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| Kevin Thompson |
“I could not be more proud of the growth and economic activity we have seen in District 6, and especially in the Elliot Road Technology Corridor.
"This
industrial development will help serve the region’s needs and will be home to
advanced manufacturing companies that will bring high wage jobs to our
community,” said District 6 Councilmember Kevin Thompson. “It is
exciting to see this project break ground and get the first phase of Eastmark
Center of Industry going.”
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| Steve Larsen |
It will build Eastmark Center of Industry in
joint venture with AECOM-Canyon Partners, a joint venture partnership between
AECOM Capital, the real estate investment arm of global infrastructure firm
AECOM, and Canyon Partners Real Estate, the real estate direct investing arm of
Canyon Partners LLC, a global alternative asset management firm.
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| Pat Harlan |
AECOM-Canyon Partners was established to develop large-scale, institutional-quality commercial real estate projects in top U.S. markets.
Upon
completion, Eastmark Center of Industry will offer buildings from 83,200 square
feet to 426,400 square feet, with 30’ to 36’ clear height and 160’ to 500’
building depths. Future phases may include the opportunity for build-to-suit.
“The Southeast Valley has become a go-to
industrial location, recording 1.5 million square feet of positive industrial
absorption in the third quarter alone,” said JLL Senior Managing Director Steve
Larsen, who serves as the exclusive leasing broker for Eastmark Center of
Industry along with JLL Senior Managing Director Pat Harlan and Senior
Vice President Jason Moore.
 |
| Jason Moore |
Eastmark
Center of Industry is located in the Elliot Road Technology corridor, minutes
from a full-diamond interchange at Santan Loop 202 and Elliot Road, as well as
the State Route 24 extension.
It is also minutes from Phoenix Mesa Gateway
Airport, which recently announced a $25 million expansion.
 |
| Todd Ostransky |
Formed by real estate industry leaders Mike Chernine and Jason Kuckler, the IndiCap development team brings over 100 years of collective experience to the Arizona and Nevada real estate markets.
Todd Ostransky, IndiCap’s
Vice President of Development (AZ), and Geovanni Villalta, IndiCap’s
Senior Development Manager (AZ), lead all Arizona development projects.
 |
| Jason Kuckler |
About
IndiCap
IndiCap, founded in 2021, specializes in industrial investment, development, consulting, and management services in Arizona and Nevada, with growth and expansion plans across other Western States.
IndiCap's scope consists of site selection, design, site plans and
construction, finance and budgets, and full development services.
 |
| Geovanni Villalta |
About AECOM-Canyon Partners
AECOM-Canyon Partners is a joint venture between AECOM Capital, the real estate investment management arm of global infrastructure firm AECOM, and Canyon Partners, LLC, a global alternative asset management firm with $24.5 billion in assets under management.
AECOM-Canyon Partners was established to develop large-scale, institutional quality commercial real estate projects in top U.S. markets.
In
addition to capital, AECOM-Canyon Partners provides best-in-class design,
construction management and engineering expertise as well as credit support for
its development partners.
CONTACT:
Stacey
Hershauer
Phone: +1
480 600 0195
Email: stacey@focusaz.com
IndiCap
Media Contact: Stephanie Ceccarelli
Phone: +1 702-433-4331
Email: sceccarelli@massmediacc.com
AECOM-Canyon
Partners Media Contact: Kris Cole
Phone: +1 310-652-1411
Email: Pro-canyon@prosek.com
Tuesday, November 15, 2022
Seefried Industrial Properties breaks ground on 354,200-SF speculative project in Port St. Lucie, FL
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| Paul Seefried |
Port St Lucie, FL, Nov. 15, 2022 -- Atlanta-based developer, Seefried Industrial Properties announced site work is underway on Glades Logistics Park, a new 354,200-square-foot, two-building industrial development adjacent to Interstate 95 in Port St. Lucie, Florida.
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| Rendering of planned Glades Logistics Park, Port St. Lucie, FL |
The 32-acre site was originally acquired by Seefried via a private seller in December of 2021 for an undisclosed amount.
Located just east of Interstate 95 at the intersection of West Midway Road and LTC Parkway, Glades Logistics Park will include two modern and highly functional Class A industrial buildings, the first 161,700 square feet and the second 192,500 square feet.
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| Sky Groden |
Both Properties at Glades Logistics Park will provide best in class specifications including tilt wall construction with 36-foot clear heights, high dock counts, generous full concrete truck courts and ample vehicle and trailer parking on a secure
fenced site.
Upon completion of the future entrance to Florida’s Turnpike on Midway Road, the properties will have access to both the Interstate 95 and Florida’s Turnpike in under one minute.
The site’s proximity to two of the state’s top arterial highways provides access to 20 million people or 93% of the state’s population within a four-hour drive including South Florida, Orlando, Tampa, and Jacksonville.
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| Evan Christiansen |
“The business-friendly environment and
cost-of-living advantages offered by St. Lucie County create additional
incentives for new and expanding businesses.”
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| Jeremy Cain |
Sky Groden, Evan Christiansen and Jeremy Cain
of JLL are handling leasing for the project. Catamount Constructors
Company is the general contractor, Kimley-Horn is serving as the civil-engineer
and McGregor Associates is the architect of record.
About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried,
Seefried Industrial Properties is a privately-held real estate firm that
focuses on the development, leasing and management of industrial properties
across the United States.
The firm primarily focuses on development in
core industrial markets and build-to-suits with tenants in core as well as
second tier markets.
 |
| Ferdinand Seefried |
Based in Atlanta, the firm has regional offices
in Dallas, Chicago, Los Angeles, and Phoenix.
Contact:
Seefried Industrial Properties
Barbara Bennett
P: (520) 661-9641
Saturday, November 12, 2022
Lerner Enterprises Buys Lerner Parc at Gatlin Commons in Port St. Lucie, FL
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| Michael L. Cohen |
Rockville, MD -- Lerner Enterprises of Rockville, Maryland has acquired Lerner Parc at Gatlin Commons, previously Parc at Gatlin Commons, located in Port St. Lucie, Florida.
Financial details were not disclosed.
This class-A multifamily garden community
is comprised of 200 apartments and 5,935 square feet of luxurious amenity space
in Port St. Lucie, Florida.
The
building spans a total of 201,000 residential square feet over 14 acres,
completed in September 2020. Lerner will also be the property and asset manager
of Lerner Parc at Gatlin Commons.
“Parc at Gatlin Commons is the perfect
complement to our existing Florida multifamily portfolio as we strive to
acquire and develop Class A assets in the path of growth either in the
Washington, D.C. metro or Florida markets," explained Michael L. Cohen,
Vice President of Investments at Lerner.
Melissa Balkin
"We plan to hold this asset for a long time and hope to continue adding to our Florida portfolio.”
The community is located only 2.5 miles east of Tradition, a master-planned mixed-use development featuring 1.2 million square feet across office, residential, numerous retail outlets and the Cleveland Clinic Tradition Hospital.
 |
| Kevin Chin |
The
property’s location offers convenient access to major interstates with on-ramps
to I-95 and the Florida Turnpike only 1.5 and 3.5 miles away, respectively.
 |
| Rob Carey |
Located on Florida’s east-coast between
Miami and Orlando, Port St. Lucie has emerged as one of the nation’s premier
growth cities and the third largest city in Florida.
In 2019, it was named one of the fastest
growing cities with the population doubling between 2000 and 2019.
In the same year, the city was named as one
of the safest cities in the U.S. and one of the best places to retire according
to the TC Palm news agency.
 |
| Evan Parker |
In May 2022, the Census Bureau named Port St. Lucie as the 12th fastest growing city during the pandemic with a growth rate of 5.2% and the population now topping more than 217,000 people.
“The Port St. Lucie submarket is one of the
most dynamic across all of Florida," said Melissa Balkin, Managing
Director, Lerner Residential Florida
"We have been looking for the right community in St. Lucie
County and are thrilled with this addition to our portfolio. We are excited
about the opportunity to offer an incredible living experience for our
residents."
 |
| Kenny Cutler |
The residential property is fully equipped
for resident life and comfort. Lerner received a loan from PCCP to finance the
acquisition of Lerner Parc at Gatlin Commons.
“PCCP sees this as a compelling opportunity
to lend to Lerner, an experienced multifamily operator, on this well-located,
newly built Class A project in a high growth submarket of South Florida,” said Kevin
Chin, Managing Director with PCCP.
Lerner was advised by JLL’s Rob Carey
and Evan Parker (Washington, D.C. Office) and Kenny Cutler (Miami
Office).
 |
| Theodore N. Lerner |
Founded by Theodore N. Lerner in 1952, Lerner Enterprises is a respected leader in Washington, D.C. area real estate development, investment and management.
Headquartered in Rockville, Maryland, Lerner is one of the largest and most diversified private real estate developers in the United States, with expertise in all phases of commercial real estate
As owners of the 2019 World Champion
Washington Nationals Baseball Club, Lerner is thrilled to acquire the newly
named Lerner Parc at Gatlin Commons which is located 50 miles from The Ballpark
of the Palm Beach, the Washington Nationals’ Spring Training facility in West
Palm Beach, Florida.
This acquisition is part of Lerner’s mission to expand the
company’s portfolio in Florida, after the success of the Motion at Dadeland
acquisition in October 2021. Lerner continues to pursue similar multifamily assets
in the area.
About Lerner
Founded by Theodore N. Lerner in
1952, Lerner Enterprises is a respected leader in Washington, D.C. area real
estate development, investment and management.
Contacts:
Jaclyn L. Cohen
301.692.2372
JCohen@Lerner.com
For more information, please visit Lerner.com or LiveLerner.com
For more information on Lerner Parc at Gatlin Commons, please
visit LernerParcGatlin.com
