Owner/user acquires two industrial buildings in Santa Ana, CA for $4.95 million

Xavier Nolasco

  

SANTA ANA, CA, Dec. 26, 2023 – JLL announced today that JA Roberto Investments has acquired two industrial buildings totaling 27,443 square feet on 1.06 acres at 800-808 East Washington Avenue in Santa Ana, California for $4.95 million. 

 

JLL’s Xavier Nolasco represented the seller, Q Creative, LLC. The buyer was represented by Marcus & Millichap.

 

“This sale represents the demand we see from owner/users in the market for industrial buildings with fenced yards throughout Orange County,” said Nolasco, JLL Vice President.  “800-808 East Washington Avenue provided the buyer with the opportunity to occupy the property as a contractor’s yard”

800-808 East Washington Avenue, Santa Ana, CA

 

800-808 East Washington Avenue has immediate access to the 5, 55, and 22 freeways. The building features 15-foot clear height and six grade level doors.

 

 It is zoned M-2 Heavy Industrial / SD-84 which allows a multitude of uses including manufacturing, distribution, wholesale, contractor’s yard, automotive repair, truck, boat, and heavy equipment sales, rental, and service.

 

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.” 

 

jll.com.

 

JLL Capital Markets closes $30 million sale of the 81,077-square-foot, Publix-anchored Matt Town Center in Cumming, GA

Jim Hamilton

  ATLANTA, GA – JLL Capital Markets has closed the $30 million sale of Matt Town Center, an 81,077-square-foot retail center located in Atlanta’s fast-growing submarket of Cumming, Georgia.

JLL represented the seller in this transaction, Retail Planning Corporation and Publix acquired the asset.

 

 The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Vice President Andrew Kahn.

 

Matt Town Center is 95% occupied and anchored by a high-performing Publix. The offering also included ~3.87 acres of undeveloped land adjacent to the center that is currently zoned CBD - Commercial Business Zoning District, which allows commercial retail and office by right.

 Matt Town Center, an 81,077-square-foot
 retail center located in Atlanta’s
 fast-growing submarket
of Cumming, GA

 

Built in 2020, Matt Town Center is located at 5310 Matt Hwy., less than one hour from downtown Atlanta. The center is close to demand drivers, including the mixed-use communities of Avalon, Halcyon and the future Coal Mountain Crossroads, as well as downtown Alpharetta, downtown Roswell, and Lake Lanier.

Brad Buchanan 

 Additionally, Matt Town Center benefits from a population of almost 200,000 and an average household income of nearly $150,000 within a 10-mile radius.

 

 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.

 

Andrew Kahn

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 Associate,

 Public Relations

Phone: +1 214 394 3356

 

Email:  Jenna.Sharp@jll.com

 jll.com.

 

 

 

Stonemont Financial Group Breaks Ground On 250,000-Square-Foot Industrial Complex in Ocoee, FL

Avery Dorr

 ORLANDO, FL – Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, has broken ground on a seven-building, 259,255-square-foot industrial development in Ocoee, Florida just inside the State Road 429 corridor.

Called 429 Business Center, the complex is expected to be completed by Q4 2024. Stonemont is partnering with SCOA Real Estate Partners in the project.

 

“There is a strong demand for facilities that can accommodate users within a smaller size range, and this project is a testament to Stonemont’s ability to recognize this need and get the job done despite ongoing market headwinds,” said Avery Dorr, vice president at Stonemont.

 “This site is one of the last infill locations available within the immediate area, and Stonemont continues to serve as a solution to ongoing corporate needs for all types of users.

 

429 Business Center will be located on two sites fronting Ocoee Apopka Road, close to the Palm Drive intersection. The west campus will include four buildings ranging from 36,429 square feet to 71,228 square feet, with the east campus encompassing three buildings ranging from 14,282 square feet to 32,418 square feet.

 

The development will offer direct access to State Road 429 and sits just 15-20 miles from Walt Disney World®, providing premium access for users who supply goods to the entertainment destination.

429 Business Centerm a seven-building,
259,255-square-foot industrial development
 in Ocoee, FL, just inside the State Road 429 corridor

JLL Orlando is handling leasing for 429 Business Center on behalf of Stonemont. HGR Construction, Inc. is serving as general contractor on the project.

For more information on Stonemont and its initiatives, click here. 

CONTACT:

 

The Wilbert Group

Raechel Blitchington,

Vice President

www.thewilbertgroup.com

912.432.0858

 

The Easton Group Acquires 45,022 Square-Foot Medley, FL Distribution Center from Frito Lay

Dalton Easton,

 Doral, FL and Medley, FL—The Easton Group has acquired a 45,022-square-foot warehouse distribution facility at 12850 NW 113^th Court in Medley for $16.82 million.  

 

The seller is the chips and snack maker Frito Lay.  Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.   The transaction closed Dec. 20, 2023.

 

Dalton Easton, an associate with Easton & Associates, the real estate firm’s brokerage division, arranged the sale on behalf of The Easton Group.  Jeff Hartsook of Cresa represented the seller. Grove Bank and Trust helped finance the acquisition with a $9 million loan. 

 

The Medley facility sits on a 6.5-acre site about a half mile from the Florida Turnpike.  Built in 1999, it has 44 dock doors and a ramp providing quick loading and turnaround times for delivery truck drivers.  

 

“We are bullish on the Medley sub-market and are excited to continue to add high-quality assets to our portfolio,” said Easton.

 

“We are especially excited about this acquisition as we were faced with a year-end closing with a tight timeframe and were able to deliver amidst a challenging interest rate environment.

 Jeff Hartsook 

 "We think there is tremendous long-term upside at this basis with the temporary stabilization or regression in land values due to high borrowing and construction costs.”

 

Easton added that because this is a low-coverage property with excess land, there is a unique opportunity for future tenants to occupy a Class A industrial facility with additional improved land for parking or outdoor storage.

 

The Easton Group has approximately 900,000 square feet of new industrial development set to open in Miami-Dade, Broward and Palm Beach Counties in 2024.

 

 Contact:

 

Todd Templin

Executive Vice President

BoardroomPR

O 954-370-8999

C 954-290-0810

www.theeastongroup.com

 

 

JLL Capital Markets arranges the first $15 million lien construction financing for the 87-unit 6100 Main in Los Angeles, CA

Allie Black.

IRVINE, CA – JLL Capital Markets has arranged the first $15.45 million lien construction financing for 6100 Main, an 87-unit, multi-housing community located in Los Angeles, California.

 

JLL worked on behalf of the borrower, SoLa Impact, to secure the construction loan with a regional bank.

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Greg Brown, Director Charlie Vorsheck, Director Kellan Liem and Analyst Allie Black.

Greg Brown

“We are extremely pleased to have sourced a new lender relationship for our client that could finance a modular construction loan in the current banking environment. More importantly, we are thrilled to contribute to SoLa’s goal of providing high quality affordable housing in low-income communities,” said Brown.

 

Located within a Qualified Opportunity Zone, the project is designed as a four-story podium that will utilize modular unit construction.

 

The community will be developed on a 0.52-acre site, and upon completion, it will consist of 87 one-bedroom units with stainless steel appliances, well-appointed kitchens, engineered wood floors and soft-close cabinets. Community amenities will include a community room, a spacious roof deck, a ground-floor garage and secure bicycle parking.

 

Charlie Vorsheck

Situated at 6100 S. Main Street, the project’s central location at the southeast corner of S. Main Street and 61st Street in the Greater Inglewood submarket of Los Angeles offers residents direct access to the Interstate-110 ramps and three bus lines that stop at the corner of S Main Street and 61st Street, directly in front of the community.

 

 Several grocery stores are within a 10-minute walk from the site, including Food4Less, Northgate Market and Superior Grocers.

 

Future residents will also be just a 15-minute drive to both LAX and downtown LA. Additionally, nearby developments include the brand new LAFC soccer stadium, the future George Lucas Museum of Narrative Arts at Exposition Park, the USC Village and the renovation of the Los Angeles Memorial Coliseum.

Kellan Liem

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.

 

 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:

Alli Stent (Semans)

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

 

JLL Capital Markets arranges sale and the acquisition financing for Margo at the Society in the Mission Valley neighborhood of San Diego, CA

 Sarah Murphy

 LOS ANGELES, CA – JLL Capital Markets has closed the sale of and arranged the acquisition financing for Margo at the Society, a generational, 240-unit, seven-story core multi-housing opportunity located in San Diego, California in the Mission Valley neighborhood. Financing  details were not disclosed.

 Charles Halladay

JLL represented the seller, and procured the buyer, Decron Properties. JLL also worked on behalf of the new owner to secure the Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender. 

 The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Charles Halladay, Senior Director

Rick Salinas

Rick Salinas, Director Charlie Vorsheck, Senior Analyst Elijah Lax and Senior Production Associate Sarah Murphy.

 

The JLL Capital Markets Investment Sales Advisory team was led by Senior Managing Director Blake Rogers and Managing Director Alex Caniglia.

 

“Margo at the Society is an exceptional new addition to Decron’s portfolio, in-line with Decron’s strategy of modernizing the portfolio and investing in supply constrained markets with strong employment fundamentals,” said Daniel Nagel, Chief Investment Officer and Chief Financial Officer of Decron Properties.

 

Charlie Vorsheck

Completed in 2022, Margo consists of 240, luxurious one-, two-, and three-bedroom homes with quartz countertops, stainless steel appliances, French door refrigerators, vinyl plank flooring and full-size in-home laundry.

 

The community’s full-suite of resort-inspired amenities includes a pool and spa, fitness studio, pet spa, professional conference rooms, surfboard storage and repair room and courtyards with fire pits and BBQ areas.

 

Situated at 201 Del Sol Dr. Margo at the Society is only a five-minute walk from the Fashion Valley Transit Center, which connects residents to SDSU, Downtown San Diego and UTC across the Green and Blue Trolley lines all in under 30 minutes.

Elijah Lax 

The property is also walkable to top area retail, including Fashion Valley Mall, and is a six-minute drive Westfield Mission Valley. Within 1.5 miles of the community is over 6.1 million square feet of retail.

 

 Additionally, residents have direct access to the I-8 and CA-163 freeways, allowing easy connectivity to major technology, healthcare and life sciences hubs of downtown, Kearny Mesa and UTC within 15 minutes.

 

The property is a seven-minute drive to downtown San Diego and an eight-minute drive to San Diego International Airport.

 

Daniel Nagel

 Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

Contact:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com