Stos Partners completes $7.2 million sale of 25,250-SF industrial complex on Phoenix, AZ acquired in March 2022 for $4.45 million

  

 

CJ Stos

PHOENIX, AZ – Stos Partners, one of the most active commercial real estate investment and management firms, has announced the successful sale of a 28,520 -square-foot industrial complex located on 1.96 acres at 2757 E. Chambers Street in Phoenix, Arizona to The Sacket Family Trust for $7.2 million.

Stos Partners has now sold properties valued at more than $55 million in 2022.

Jason Richards

Stos Partners acquired the property in March 2022 for $4.45 million.  Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle and Vice President of Asset Management Travis Gorzeman, the company implemented a capital improvement program, stabilizing and re-tenanting the asset.

“The Phoenix industrial market has seen great demand for industrial space especially with smaller requirements of under 100,000 square feet,” says CJ Stos, Principal at Stos Partners.

Jay Boyle

“Our team identified this asset’s value during the initial acquisition in 2022. Through deep relationships with local brokers, we were able to secure a buyer in a timely manner.”

“This market saw continued demand for shallow-bay and mid-bay space in the third quarter according to JLL’s Q3 Phoenix Industrial Report,” said Richards.  “During the period, the market saw 40 new leases collectively amounting to more than 2.3 million square feet.”

The property is ideally located near the I-10 Freeway and Sky Harbor Airport, providing accessibility for transport and logistics. 

Travis Gorzeman

Competitive building features include 22-foot clear height, secured yard, abundant power, wrap-around access and signage.

Stos Partners was represented by David Wilson and Carter Wilson of Daum Commercial.   Alexey Zabolotskikh of Lee & Associates represented the buyer in the transaction.

About Stos Partners

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors.

David Wilson

With a track record spanning nearly $1.7 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets of both institutional and small-to-mid-cap commercial properties.

Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably..

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

www.stospartners.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.”

Florida Trend Names John Crossman one of Florida’s 500 Most Influential Business Leaders

 John Crossman

 

 WINTER PARK, FL ---  John Crossman, Founder and CEO of Winter Park-based CrossMarc Services and Crossman Career Builders was named one of  Florida’s 500 Most Influential Business Leaders for 2023 by Florida Trend magazine for the 4^th time.

The  real estate entrepreneur, career coach, speaker, podcast host and author of Career Killers / Career Builders – based on his most popular speech to college students – has been known for over two decades as a servant leader by championing educational and career opportunities in real estate for diverse students. 

Crossman provides endowed scholarships for Real Estate education at five state universities including HBCUs.  

“I’m a true capitalist who likes to make money, but I want the same opportunities for the marginalized population where there is talent and desire to succeed. They just need help to develop careers and a real estate education is the best path to achieving generational wealth,” Crossman says.

CONTACTS:

John Crossman, CCIM, CEO,

 Crossman Career Builders,

407-794 9393

 jcrossman@crossmarcservices.com or

 jcrossman@crossmancb.com 

 

Beth Payan, Larry Vershel Communications Inc.

407 461-3781 

beth@larryvershel.com 

 

Nearly $1 Million Department of Transportation Grant Awarded to Kick Off Cross-Country I-40 TradePort Corridor, with Key Stretch Between Kingman and Winslow in Northern Arizona

  

Arizona Gov. Katie Hobbs

WINSLOW, AZ — The U.S. Department of Transportation has awarded $974,000 to the I-40 TradePort Corridor, an 805-mile, multi-state coalition to develop a network of clean energy logistics hubs as an integral part of the nation’s supply chain solution.

 

As one of 14 national recipients under the Regional Infrastructure Accelerators (RIA) program, the I-40 TradePort Corridor will kick off with a key stretch in Northern Arizona.

 Senator Kyrsten Sinema

Scottsdale-based Atlas Global Development Group will focus its efforts on the I-40 corridor between Kingman and Winslow, known as the I40TPC Winslow. 

 

The Northern Arizona stretch is an essential route for nearly one-third of the United States’ GDP.

Daniel Lupien

The I40TPC Winslow acts as the first critical leg of a next-generation national freight and cargo corridor system that is constructed over an integrated clean energy, high-efficiency cargo management platform. It brings critically needed economic development to the Native American and rural Arizona communities it runs through.

The investment acts as a significant turning point for the City of Winslow and its 9,000 residents. The nearly $1 million grant will support the project planning, studies and analysis, as well as primary engineering and design work for I40TPC, which will act as the foundation of future growth for the city.

 

Atlas Global will develop a 3,000+ acre industrial mega site in Winslow, supporting an investment in the future of the city with manufacturing facilities for forward-thinking clean energy industries, medical care facilities, education, parks and recreation and retail. 

 

“These rural Arizona communities have long been overlooked, despite their incredible potential as central and essential pieces to the supply chain logistics puzzle,” said Daniel Lupien, managing director of Atlas Global Development Group.

Paul Gosar

“The RIA grant is the first step toward revitalizing these communities and bringing tremendous opportunities to Kingman, Winslow and the vital Arizona towns that are the heartbeat of the I40TPC Winslow.”

 

The I40TPC Winslow’s origin point is the Port of Los Angeles, with Winslow acting as the first strategic location along the busiest corridor in the U.S.

 

The project aims to circumvent the increasingly slow supply chain performance of the Inland Empire in Southern California, and to address future negative impacts to the national supply chain.

 

The I40TPC Winslow is supported by Arizona Governor Katie Hobbs, Arizona Senators Mark Kelly and Kyrsten Sinema, Arizona Congressman Paul Gosar, Mohave County, Coconino County, the cities of Winslow and Kingman, as well as the Hopi Tribe and Navajo Nation.

 Senator Mark Kelly

Upon completion, the I-40 TradePort Corridor is anticipated to create approximately 60,000 jobs in both the Arizona and New Mexico hubs.

 

“This is an exciting and extraordinary opportunity for the City of Winslow and other rural communities along the I-40 Corridor,” said Winslow Mayor Roberta Canó. “Through the RIA program, we now have the ability to shape a better future for our citizens utilizing clean energy and boosting our economic development.

 

"Furthermore, the revitalization and strengthening of our integral TradePort network is a positive change towards a healthier economy, substantial growth, and realizing the full potential that Northern Arizona has to offer.

Winslow Mayor Roberta Canó

"Winslow is and always has been an integral location for the American supply chain, and we are appreciative of our partnerships with Atlas Global Development Group and The U.S. Department of Transportation for the overall development of I40TPC Winslow.”

 

Timothy Nuvangyaoma

The buy-in of the Native peoples who inhabit the land in and around the project was essential to Atlas Global Development Group’s plan for the I40TPC Winslow.

“Hopis, Hisat’sinom, are the original inhabitants of what is known today as Winslow. Hopis know the land as Homolovi,” said Timothy Nuvangyaoma, Chairman of the Hopi Tribe.

“For decades, our region has been overlooked as a potential area for economic development. We are encouraged and thankful to be a part of the collaboration on the I-40 TradePort Corridor. The Hopi-Tewa Sinom will truly benefit from the development that is slated to occur in the Winslow area”

Anthony Lydon

JLL Executive Managing Director Anthony Lydon and Managing Director Bill Honsaker, along with Ken Berkhoff of 1^st Brokers Realty, serve as the exclusive leasing brokers for I40TPC.

"Arizona has become a location of choice for industrial users from across the globe.

 "A staggering number of these companies have planted flags in metro Phoenix — resulting in 13 million square-feet of leases in the first three quarters of 2023 alone.

 'I40TPC Winslow is the next chapter in Arizona's industrialevolution, providing a unique mega-site with multimodal connectivity and modern facilities, but without the rising barriers to market entry," Honsaker said. 

Bill Honsaker

"Atlas understands — and is ready to support — the needs of the industries that will be particularly served by I40TPC, including energy-centric manufacturing entities such as solar, battery and hydrogen production, as well as industries tied to wood products. We are thrilled to help introduce this offering to the Southwest and for all that it will bring to Northern Arizona."

 CONTACT:

 Stacey Hershauer

focusAZ 

 P 480.600.0195

www.focusaz.com

JLL’s Hotels & Hospitality Group arranges $215 million refinancing for the 1,408-key Philadelphia Marriott Downtown on behalf of Oaktree and Clearview Hotel Capital, LLC

 

Caleigh O’Connell.

 

Kevin Davis

NEW YORK CITY, NY –  JLL’s Hotels & Hospitality group has arranged a new $215 million five-year fixed rate term loan to refinance the Philadelphia Marriott Downtown, a 1,408-key hotel in Philadelphia, Pennsylvania. The loan closed on October 25, 2023.

 

JLL represented a joint venture between funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Clearview Hotel Capital, LLC. Barclays, Wells Fargo and J.P. Morgan were the lenders.

The JLL team was led by Hotels & Hospitality Group Americas CEO Kevin Davis, Senior Managing Director Ryan Ade, Managing Director Mark Fisher, Senior Vice President Barnett Wu and Analyst Caleigh O’Connell.

 

Ryan Ade,

Located at 1201 Market Street, the Philadelphia Marriott Downtown is the largest hotel in downtown Philadelphia and is strategically located in the Center City neighbourhood, two blocks from City Hall.

 

The hotel consists of a 1,198-key main tower built in 1994 and the 210-key historic Headhouse Tower, which served as the passenger station and company headquarters for Reading Terminal Train station from 1893 to 1984.

The hotel offers over 93,000 square feet of meeting space spread across 72 event venues and it is the only hotel that is directly connected to the Pennsylvania Convention Center. 

 

Mark Fisher

The Philadelphia Marriott Downtown underwent a full-scale renovation between 2020 and 2023 and features generously sized guestrooms with luxury finishes, including 75 signature suites, along with modernized public spaces.

 

 The hotel amenities include a 24-hour fitness center, an indoor pool, a lobby lounge, restaurant and new pub with duckpin bowling and billiards.

  

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide.

The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

 

Barnett Wu

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 Contact:

Alli Stent (Semans)

PR, Hotels & Hospitality,

 Capital Markets

JLL
M +1 330 329 6750

 

Seed Property Group Names Kristofer Kasper Director of Land and Commercial properties in Central Texas

SEED Founder Tammy Young and
 Director of Land & Commercial properties
Kristopher Kasper. (Photo Credit: Alison Eden)

AUSTIN, TX. Nov. 9, 2023 — SEED Property Group at Compass, one of Austin's top-producing real estate teams, announces the expansion of its services to include land and commercial properties.

 

This strategic move comes with the addition of Kristofer Kasper, former principal of The Miles Real Estate Group, and Sabrina Kennedy, a specialist in residential and commercial real estate, both in Georgetown, TX.

 

 With their addition, SEED’s combined transaction volume exceeded $300 million over the course of 24 months.  As the newly appointed director of land and commercial, Kasper will lead efforts to expand SEED’s footprint in the Central Texas market. 

Sabrina Kennedy

"I’m thrilled to announce that we are expanding our real estate services so we can help meet the needs of a more diverse clientele,” says SEED Property Group Founder Tammy Young. 

“Whether you are a business owner seeking expansion opportunity, an individual looking for recreational or ranch properties, or a small business owner looking for a store front, we have the ability to help you by providing personalized solutions tailored to each clients’ specific goals,” she goes on to say.

An accomplished real estate professional, Kasper earned his undergraduate degree summa cum laude from Texas Christian University (TCU) and went on to graduate with honors from the University of Texas School of Law.

Kasper began his legal career at the prestigious law firm of Armbrust & Brown, PLLC where he was partner specializing in entitlements, commercial, and residential real estate issues.

 After practicing real estate law, Kasper transitioned into the role of agent/broker. His expertise spans residential, land, and commercial properties, both for clients and personal investment.

 

 He has also earned his Accredited Land Consultant (ALC) and Graduate Realtors Institute (GRI) designations.

 

Contact:

Ashley Rodgers

Director of Marketing,

 SEED Property Group

 

m: 310.977.7683

2500 Bee Caves Rd

Building 3, Suite 200

Austin, TX 78746

www.seedpropertygroup.com.