Friday, December 2, 2022

Florida East Coast Realty relocates corporate headquarters to its 1101 Brickell Avenue office building in Miami, FL

 

Jerome Hollo

 MIAMI, FL – Florida East Coast Realty (FECR) has announced the company’s recent move to its 1101 Brickell office property. FECR is now occupying the entire 17th floor, which consists of approximately 8,500 square feet.


 1101 Brickell Avenue, Miami, FL

This is due to the planned 2023 demolition of its former office building, located at 100 South Biscayne Boulevard. The site, which encompasses two full city blocks, is being redeveloped as FECR’s grandest project to date: the new One Bayfront Plaza.

 

This 1,049-foot, landmark tower will be the tallest structure south of New York and include over three million square feet of Class-A office, luxury residential, a marquis convention hotel, and an upscale retail mall.


100 South Biscayne Boulevard, Miami, FL

FECR originally acquired the property in 1989 and operated its headquarters in the building for nearly 30 years.

 

“Although 100 South Biscayne has provided us with so many incredible memories of the growth and evolution of our organization, this redevelopment process now affords new opportunities to create another vibrant, signature project that will contribute to Miami’s impressive skyline and economic activity,” said Jerome Hollo, Co-CEO.

 

Rendering of planned One Bayfront Plaza, Miami, FL

 

About Florida East Coast Realty

 

Founded over 60 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has built more than 60 million square feet of construction, consisting of landmark residential and commercial high-rises, single-family homes, government buildings, marinas, high-end retail centers, warehouse complexes, and telecommunications centers.


Tibor Hollo (2013 photo)

The company has developed, owned, and managed a wide array of properties, with sustained growth in multiple real estate sectors.

 

With new ideas and ambitious projects on the drawing board, Mr. Hollo and the FECR team are eager and ready to continue innovating, pushing boundaries, and reshaping the Miami skyline for many years to come.

 

 

 

CONTACTS:

 

Media Contacts for FECR:

Don Silver / Veronika Vernachio

BoardroomPR

 954.370.8999

or 

donsil@boardroompr.com / 

vvernachio@boardroompr.com

 

 

Max Brodsky

Account Coordinator,

 BoardroomPR

mbrodsky@boardroompr.com

O 954-370-8999

C 954-279-7574

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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Blackton Inc. in Holly Hill, FL to Provide Flooring for New KB Home Community in Palm Bay, FL

Michael (Micky) Blackton
 

 HOLLY HILL, FL and  PALM BAY, FL --- Blackton, Inc., one of the oldest and largest statewide suppliers of wholesale materials to the homebuilding industry, was awarded a contract to provide flooring for more than 100 new single-family homes KB Home plans to build at their new community Gardens at Waterstone in Palm Bay. 


Michael Blackton, chief executive officer, said his firm’s new Holly Hill location that opened in early 2022 and managed by Michael Walmer has been providing prompt service to homebuilders along Florida’s east coast from Jacksonville through the Daytona Beach area.

Gardens at Waterstone in south Brevard County, FL

“We are excited to continue statewide expansion with KB Home by servicing the Gardens at Waterstone community in south Brevard County,” said Blackton.

  The new community, located on Mara Loma Blvd. in Palm Bay, will offer three-to-six-bedroom homes.  Work on two models will get underway in December.

The firm has supplied more than 12,000 new homes by KB Home for the last two decades.

Blackton, Inc., a family-owned business headquartered on Alden Road north of downtown Orlando with branch locations in South Orlando, Leesburg and Holly Hill, has been supplying the home building industry from Jacksonville to Tampa for over 65 years. 

CONTACTS:

 

Michael “Micky” Blackton, CEO, Blackton, Inc.

407-898-2661 Micky@Blacktoninc.com

 

Beth Payan, Larry Vershel Communications Inc.

 407-461-3781 Beth@LarryVershel.com 

Jackson Thilenius, AIA, Promoted to Senior Principal, Leading RDC’s Hospitality and Interiors Practice

 

Jackson Thilenius

 LOS ANGELES, CA – Architecture, planning, and interiors firm, RDC has promoted Jackson Thilenius, AIA, to the position of Senior Principal, Hospitality and Interiors.

 

“Jackson Thilenius and the RDC Interior Design team provide our clients with the advantages of integrated services and international perspective,” said RDC’s CEO Brad Williams, AIA.

 

  “Jackson has led the expansion of RDC’s hospitality and interior design practice and facilitated greater collaboration between all RDC office locations, boosting capabilities that add value for our clients and result in excellent design and delivery of services” 


Brad Williams

A licensed architect with more than 30 years of design experience, Thilenius has created a broad range of award-winning projects located around the world. 

 

Some of the RDC Interior Design Team’s recently opened work includes: 

 

 

Thilenius holds a master’s degree in architecture from the Georgia Institute of Technology, where he has also served as a freehand drawing instructor and design critic. He teaches oil painting from his private studio.

 

For more information on RDC’s Hospitality & Interiors practice, or to schedule a consultation with Jackson Thilenius, visit https://rdcollaborative.com.

 

 

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.rdcollaborative.com.

 

Thursday, December 1, 2022

JLL Capital Markets completes $17 million sale of Lakeridge North, a 93%-occupied office asset in the Six Forks submarket of Raleigh, NC

  

 Sarah Holloway

RALEIGH, NC – JLL Capital Markets  has completed the $17.25 million sale of Lakeridge North, a 72,218-square-foot office building in Raleigh, North Carolina.

 Lakeridge North, a 72,218-square-foot
 office building in Raleigh, NC

JLL represented the seller, TriGate Capital, in the sale of the property.  The buyer was a private investment fund that was represented by Richard Fisher of Hold Thyssen, Inc. and Michael Waldrop of Waldrop Properties, LLC.


Richard Fisher


Lakeridge North sits on 5.12 acres and is a four-story, multi-tenant office building that is 93% leased to a diverse tenant roster consisting of companies in finance, law, insurance, pharmaceuticals and more.

 The property was renovated in 2021 and features a new lobby, common areas, conference and training rooms and fitness center. 

 

The property is positioned on a lakefront setting at 900 Ridgefield Dr. within the Six Forks submarket.


Michael Waldrop
 
This highly attractive infill location is minutes from the North Hills mixed-use district with a rapidly improving demographic profile driven by millennial workers and young families moving to the area, and excellent access to all points of the Raleigh-Durham market.

 

The JLL Capital Markets team representing the seller was led by Directors Daniel Flynn and John Mikels, Senior Managing Director Ryan Clutter and Analyst Sarah Holloway.


Daniel Flynn 









“TriGate Capital executed a flawless value-add program at this asset, which created a very attractive stable, long-term investment opportunity for the purchaser,” Flynn commented.

 

“Opportunities such as this are highly sought after by real estate investors seeking stability and cash flow during a period of global economic headwinds.”

 

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


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

 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

 

Ryan Clutter


About TriGate Capital


TriGate Capital is a leading real estate investment manager focused on the recapitalization and repositioning of quality commercial real estate assets and companies.

 









CONTACT:


Cierra Lacasse

PR, Hotels & Hospitality, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

www.trigatecapital.com

 

 

JLL Capital Markets leads $46 million sales efforts for The Mall at Robinson in Pittsburgh, which is in the top four percent of shopping centers by visitors in Pennsylvania

 

 

Claudia Steeb

 NEW YORK, NY – JLL Capital Markets has completed the $46 million sale of The Mall at Robinson, a two-level, super-regional mall totaling 874,553 square feet in Pittsburgh, Pennsylvania.


 David Monahan 
The Mall at Robinson sees more than 4.81 million visitors per year, ranking among the top 4% of shopping centers in the state as well as the top 4% of all retail centers across the U.S.

 

JLL represented the seller, QIC US Management, Incorporated, and procured the buyer, Kohan Retail Investment Group.

 

Completed in 2001. The Mall at Robinson is anchored by Dick’s Sporting Goods, Macy’s, JCPenney and a former Sears, which is currently vacant.


The remainder of the mall is 92.1% leased to small shop retailers totaling approximately 320,000 square feet.


Cameron Pittman
 
In addition to the mall, the property includes a potential future anchor pad site that can accommodate up to 150,000 square feet.

 

The Mall at Robinson is positioned on 155 acres at the intersection of Route 60 and Robinson Town Centre Dr. less than a mile from the Interstate 376 / Steubenville Pike / Lincoln Highway interchange.

 

The property is the only regional mall in Pittsburgh with direct highway interchange access and benefits from its proximity to Downtown Pittsburgh, Pittsburgh International Airport and several corporate and regional headquarters that are nearby.


Emerson Pierce
The trade area surrounding the property is home to more than one million residents within a 15-mile radius boasting an average household income of approximately $107,000, nearly 8% greater than the state average.

 

JLL’s Capital Markets team representing the seller was led by Senior Managing Directors David Monahan and Claudia Steeb, Senior Director Cameron Pittman and Associate Emerson Pierce.

 

“Despite a challenging capital markets environment, retail is continuing to perform well, and investors are responding to opportunities like The Mall at Robinson,” said Monahan.

 

 “This super-regional mall is positioned in a growing area, and the buyer was able to recognize the long-term strength of the asset.”


The Mall at Robinson, a two-level,
super-regional mall totaling
874,553 square feet
 in Pittsburgh, PA.


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

 

 About Kohan Retail Investment Group

 

Kohan Retail Investment Group is a retail and hotel investment management company based in Great Neck, New York.

 

CONTACT:

 

Kristen Murphy,

JLL Director,

 Public Relations

Phone: +1 617 543 4873

Email:  Kristen.Murphy@jll.com

 

kohanretail.com.





JLL adds senior vice president Kristy David to Clean Energy and Infrastructure practice

 

Kristy David 

 WASHINGTON, DC, Dec. 1, 2022 – JLL has hired Kristy David as a Senior Vice President for its Clean Energy and Infrastructure Advisory team.

 

 In this capacity, she will play a key role in advising public and private clients on achieving their clean energy sustainability goals with an emphasis on solar, wind, EV charging and energy storage. 

 

David brings with her a wealth of experience, including more than 15 years in project finance, commercial due diligence, and public-private partnerships. Prior to joining JLL, she was a vice president with Greengate LLC, where she advised on complex multi-source financings and performed financial, market, credit and probabilistic analysis, among other duties.

 

Josephine Tucker

“Kristy will strengthen the depth of JLL’s financial advisory capabilities in the renewable and clean energy, infrastructure, advanced fossil and industrial sectors, where she has worked to close multi-billion-dollar projects domestically and internationally,” said Managing Director Josephine Tucker, Head of Clean Energy and Infrastructure Advisory, JLL.

 

 “We are thrilled to welcome her onto the Clean Energy and Infrastructure Advisory team.”

 

 Kevin Wayer

David, who is based in JLL’s Washington, D.C. office, earned her BA in economics from New York University and her master’s degree in international finance and international energy policy from Johns Hopkins University’s School of Advanced International Studies (SAIS).

 

 “Kristy has advised on some of the largest and most complex project financings, demonstrating a knowledge of the challenges lenders and borrowers often face,” said Kevin Wayer, president, Government and Education JLL.

 

“We look forward to her contributions in continuing to make JLL a recognized leader in clean energy and infrastructure advisory.”

 

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


CONTACT:

 

 Kimberly Steele

Phone: +1 713 852-3420

Email:  Kimberly.Steele@jll.com

 

us.jll.com/government