JLL Capital Markets advises on the sale of the 85-unit / 290-bed Salisbury Campus Apartments near Purdue University in West Lafayette, IN

  

Teddy Leatherman

CHICAGO, IL – JLL Capital Markets has closed the sale of Salisbury Campus Apartments, a five-building, 85-unit / 290-bed student housing community located near the campus of Purdue University in West Lafayette, Indiana. The price was not disclosed.

Grace Picchiotti

                                 JLL represented the seller, Muinzer, and Champion Real Estate Company acquired the properties.

 

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Scott Clifton and Teddy Leatherman, Director Kevin Kazlow, Associate Jack Goldberger and Analyst Grace Picchiotti.

Scott Clifton

Built from 1983 to 1990, the Salisbury Campus Apartments offer a mix of floorplans, ranging from studio, two-bedroom, three-bedroom and four-bedroom units.

 

Situated at 300 N. Salisbury, 310 N. Salisbury, 229 Littleton, 235 Littleton and 318 N. Salisbury, the Salisbury Campus Apartments are located just 0.25 miles from the campus of Purdue University.

 

The Tier-1, Power Five university boasts a Fall 2023 enrollment of 52,211 students, a 3% increase from the previous academic year, as well as an offering of over 6,700 courses and 200 specializations.

Kevin Kazlow

In addition to proximity to campus, residents also benefit from being steps away from in-demand retailers, such as Target, Chipotle, Chauncey Hill Mall and more.

“The student housing fundamentals at Purdue University are among the strongest in the nation, and this transaction highlights the tremendous liquidity available for value-add student housing assets that are proximate to flagship institutions.

"We’re excited to see Champion execute on their proven business plan over the coming years. Go Boilermakers!” said Clifton.

Jack Goldberger

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 and sales 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:

 

Jenna Sharp

JLL, Public Relations, Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

jll.com.

JLL Capital Markets arranges $5 million acquisition financing of the 13-unit, six-story University of California, Berkeley student housing property at12 Panoramic Way in Berkeley, CA

  

Sarah Murphy

SAN FRANCISCO, CA – JLL Capital Markets has arranged the $5.2 million acquisition financing for 12 Panoramic Way, a 13-unit, six-story student housing community located near the campus of University of California, Berkeley. 

University of California Berkeley student housing
12 Panoramic Way

JLL worked on behalf of the borrower, Valiance Capital, to secure the loan through Knighthead Funding.

 

Rick Salinas

Built in 1948, 12 Panoramic Way features one- and two-bedroom units, averaging 670 square feet. As the property has been owned by the same family for 40 years, Valiance will undergo a value-add business plan that improves the quality and amenities of the entire property.

 

Located on the hillside overlooking the Southside District, the property is just a five-minute walk to campus, one block from Greek life, half a block from Memorial Football Stadium and only an eight-minute walk to The Greek Theatre.

Residents are also within proximity of the hundreds of cafes, quick-serve restaurants, brewpubs, fine-dining restaurants and cocktail lounges within Berkeley.

 

The property is a 25-minute walk from the Berkeley Downtown BART station, providing access to San Francisco, Oakland and Silicon Valley, and there are a total of four transit stations within a block of the community. In addition, the location provides easy highway access and is within close distance to a ferry line from Jack London Square that shuttles passengers to San Francisco.

Jonah Aelyon

The JLL Capital Markets Debt Advisory team was led by Senior Director Rick Salinas, Director Jonah Aelyon, Vice President Sarah Murphy and Analyst Will Bond.

 

“Valiance's local presence in Berkeley has enabled them to forge strong industry relationships in the area and subsequently acquire well-located, privately-run student housing communities.

 

"We look forward to watching them implement their business plan and thank Knighthead for another strong closing experience,” said Aelyon.

 

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

Will Bond

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.

 

About Valiance Capital

Valiance Capital is a Berkeley-based private real estate investment firm specializing in multifamily and student-housing assets in Berkeley, California. 

 

 

CONTACT: 

 

Jenna Sharp

JLL, Public Relations

Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

AnaBios signs 20,000-SF lease at the GENESIS-San Diego building in downtown San Diego, CA

The eight-story,  200,000-SF GENESIS-San Diego
 building in downtown San Diego, CA
 is 50 percent leased

  

 SAN DIEGO, CA – Confirming that Downtown San Diego is a growing life science cluster, Phase 3 Real Estate Partners, Inc. has proudly announced its newest lease with AnaBios within the highly coveted GENESIS-San Diego.

 

Andre Ghetti

This cutting-edge, eight-story, 200,000-square-foot Class A life science building, established itself as a premiere facility for some of the most forward-thinking life science companies in San Diego.

Chad Urie

The signing of AnaBios to a new 20,000-square-foot lease GENESIS-San Diego brings the property to 50 percent leased. 

AnaBios is joined by Novoron Bioscience, Excellos and Native Microbials in downtown's newest wet lab building.

 

AnaBios will use the space to continue offering their clients cutting-edge drug discovery and research translational services based on of high-quality human tissue and cells, including heart, lung, and dorsal root ganglia.

 

"We believe that being located in downtown San Diego near other life science firms, the Convention Center and the airport will provide a key catalyst for our growth," said Andre Ghetti, Founder and Chief Executive Officer at AnaBios.

Grant Schoneman

"The unmatched resources, inspiring environment, and unwavering commitment to innovation offered by Phase 3 Real Estate Partners align perfectly with our vision for the future.”

 

JLL’s Chad Urie, Grant Schoneman and Taylor DeBerry represented the landlord, Phase 3 Real Estate Partners, in the lease.  AnaBios was represented by Jon Engle and John Hundley of Newmark. GENESIS San Diego can accommodate users ranging from 7,500 square feet and larger.

 

"Downtown San Diego is emerging as a vibrant hub for innovative life science companies, and AnaBios' decision to join the impressive lineup at GENESIS reflects the area’s appeal,” said Jon Engle, Newmark Managing Director. 

Taylor DeBerry

 “The city's collaborative environment, coupled with the cutting-edge facilities provided by Phase 3 Real Estate Partners, is fostering an ecosystem where companies like AnaBios can thrive and advance groundbreaking discoveries and scientific research."

 

Phase 3 Real Estate Partners Inc., in partnership with Barings and Bain Capital Real Estate, completed the Genesis-San Diego life science conversion in mid-2022, delivering robust infrastructure, premier finishes and thoughtful designs that were curated allowing today’s top biotech companies space to grow, and succeed in their endeavours.

 

Learn more at www.GENESIS-SanDiego.com.

 

Jon Engle

About Phase 3 Real Estate Partners

 

Phase 3 Real Estate Partners, Inc., ("Phase 3") develops premier ready to occupy research and development facilities in the major innovation clusters of the United States.

 

Phase 3's focus on delivering the highest quality space with accelerated speed to occupancy within these key geographies allows companies to immediately pursue their scientific goals.

 

The Phase 3 team delivers a clean, modern design aesthetic, the right combination of amenities to create community and appropriate infrastructure to meet the needs of the companies who call our facilities home.

John Hundley

The firm's expertise in development, construction and management of life science facilities results in a strong partnership between our tenants and our team.

 

 Phase 3's current portfolio consists of nearly 4.5 million square feet and is growing in San Diego, San Francisco and Boston.

  

About Barings

 

Barings is a $362+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets.

                                            Genesis-SD3

With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*As of March 31, 2023

  

 

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.

www.P3RE.com.

 

 

The Easton Group Helps Dream Team Law acquire office building at 1120 Ponce de Leon Boulevard in Coral Gables, FL. for $5.1 million

 

Vanessa E. Dream

Coral Gables, FL and Doral, FL —The Easton Group assisted a Coral Gables law firm to find new headquarters in Coral Gables.

 

 Dream Team Law, led by U.S. Navy veteran Vanessa E. Dream, Esq., bought the 8,500-square-foot office building at 1120 Ponce De Leon Blvd. for $5.1 million.

 

Easton senior associate Jake Weiss represented the law firm in the transaction.  Jennifer Aragon of Pan American Realty Services represented the seller, Cantelop Properties LTD.

 

Jake Weiss 

“Our client’s leases were coming up, and they wanted one centralized headquarters in the Gables to accommodate the incredible growth they are experiencing, not just in South Florida, but around the country,” Weiss said.

 

 “When we evaluated all the options, buying an office building made the most sense. Obtaining insurance and financing in today’s market climate presented a few hurdles, but we overcame them and ultimately closed the deal.”

Jennifer Aragon

Dream Team Law, which primarily handles personal injury cases, currently works from two offices in Coral Gables and will consolidate all operations in the new building. 

 

The firm has approximately 30 attorneys and staff in South Florida and is rapidly expanding.

 

“We are very appreciative of the support and dedication by the Easton Group and our associate, Jake Weiss,” Dream said.  “We are looking forward to continuing to grow our firm from our new home in the Gables.”

The law firm recently merged with a litigation firm in Coral Gables and has offices in Illinois, Georgia, Texas and New Jersey. 

 

 

CONTACT: 

 

Todd Templin

BoardroomPR

ttemplin@boardroompr.com

954-370-8999 and 954-290-0810

 

www.dreamteamlawfl.com

www.theeastongroup.com.