JLL Capital Markets led the $30 million financing efforts for a three-property industrial portfolio in Texas, California and Arizona on behalf of Sagard Real Estate

  

Part of  a three-property industrial portfolio
in Texas, California and Arizona 

Eric Tupler

DENVER, CO –  JLL Capital Markets arranged $30 million in financing for a three-property portfolio totaling 330,178 square feet in Texas, California and Arizona.

 

JLL represented Sagard Real Estate and secured the four-year, full-term interest-only, fixed-rate loan through a national correspondent life insurance company at an all-in note rate of 6.12%.

 

The first property is located at 2230 Ave J in Arlington, Texas. The 11.42-acre site consists of 131,040 square feet of Class A distribution product across one building in Dallas Fort Worth’s Upper Great Southwest submarket.

 

Kristian Lichtenfels

The property was constructed in 1992 and renovated in 2012. It features 26-foot clear ceiling heights, 28 dock doors and 233 parking spaces.

The second property is located at 6650 Top Gun St. in San Diego. It is a 121,496-square-foot warehouse building in the Sorrento Mesa submarket of San Diego.

 

The reinforced concrete tilt-up property was constructed in 1993, renovated in 2018 and features 24-foot clear ceiling heights, with 16 dock doors, one grade level door and 200 parking spaces.

Chris Collins 

The warehouse property is ideally located in North San Diego near to the interchange of I-805 and Mira Mesa Blvd. providing direct access to Downtown San Diego, the Port of San Diego and San Diego International Airport.

 

The third property in the portfolio is located at 824 E University Dr. in Phoenix. It is a 77,642-square-foot building in the Airport submarket. The reinforced concrete tilt-up property was constructed in 1989 and features 24-foot clear ceiling heights, five dock doors, two grade level doors and 80 parking spaces.

 

Will Mogk 

The warehouse property is ideally located in South Phoenix adjacent to the interchange of I-17 and 7th Street, providing direct access to Downtown Phoenix and Phoenix Sky Harbor International Airport.

The JLL Capital Markets team was led by Executive Managing Director Eric Tupler, Managing Director Kristian Lichtenfels, Senior Directors Chris Collins and Will Mogk and Director Jarrod Howard.

 

“We are extremely pleased with the process and result on this transaction run by the JLL team in Denver headed up by Eric Tupler,” said Tom Karbowski, Managing Director, Sagard. “They were particularly helpful in assisting in navigating through some intricacies associated with the properties in this portfolio.”

Jarrod Howard

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, please visit JLL’s newsroom. 

 

CONTACT:

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

 

JLL Capital Markets secures a buyer for Baylis 495 Business Park

  

 SOLD: Baylis 495 Business Park 
totaling 103,500 square feet
in Melville, New York.

 MORRISTOWN, NJ –  JLL Capital Markets arranged the sale of Baylis 495 Business Park totaling 103,500 square feet in Melville, New York.

 

JLL represented the seller, Creation Equity. The price was not disclosed.

 

Marc Duval

The JLL Capital Markets team was led by Managing Directors Marc Duval and Jordan Avanzato, Directors Jason Lundy and Nicholas Stefans, and Senior Managing Directors Jose Cruz and Steve Simonelli. 

 

“Core capital has come back fast as the New York Metro has seen a deep source of unlevered buyers targeting newer vintage industrial assets,” Duval stated.

 

“In this specific transaction, the credit, quality and location checked all the boxes,” added Avanzato.

 

Baylis 495 Business Park is situated on 8.18 acres approximately one mile south of the Long Island Expressway. Key building features include 32-foot clear heights, 20 dock doors, two drive-in doors and excess parking.

Jordan Avanzato

The property is fully leased to the investment grade credit beverage company Keurig Dr. Pepper, who will utilize the site as its long-term, flagship location on Long Island to service their growing, high-volume last mile distribution network.

 

 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.

Jason Lundy

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

 

JLL Capital Markets led the financing efforts for Fairwinds Rio Rancho senior living facility in Rio Rancho, NM

 Alanna Ellis

SEATTLE, WA –  JLL Capital Markets arranged refinancing for Fairwinds Rio Rancho, a three-story, 220-unit independent living and assisted living community located in Rio Rancho, New Mexico. Financial details were not disclosed.

 

Jay Wagner 

JLL represented the borrower, Lytle Enterprises, and secured the five-year, fixed-rate loan through a life insurance company.

 

Embodying the appeal of living in a highly-amenitized community, the property features lounges, a theater, laundry facilities and outside patio areas and gardens.

 

The property’s prime location within the Albuquerque MSA provides proximity to Route 528, Rio Rancho Center, as well as nearby public parks. Located at 920 Riverview Dr., Fairwinds Rio Rancho totals 211,213 square feet, was built in 1997 and renovated in 2019.

 Aaron Rosenzweig

The JLL Capital Markets team was led by Senior Director Alanna Ellis, Senior Managing Directors Jay Wagner and Aaron Rosenzweig and Associate Alex Sheaffer.

 

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.

 

Alex Sheaffer

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

 

CONTACT:

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

 

Ware Malcomb Promotes Nick Edwards and Mike Piraino in Oak Brook, IL Office

Caroline McNulty

OAK BROOK, IL – Ware Malcomb, an award-winning international design firm, today announced that Nick Edwards has been promoted to Studio Manager, Architecture and Mike Piraino has been promoted to Studio Manager, Interior Architecture & Design in the firm’s Oak Brook office. 

Nick Edwards

As Studio Manager, Architecture, Edwards helps lead the growth and management of the Architecture Studio and manages select projects.

 He joined Ware Malcomb in 2021 as Project Manager and has overseen all aspects of architectural projects. In addition, he has been instrumental in fostering client relationships and team member developmen

 Edwards is a licensed architect and has earned a Bachelor of Science degree in Architecture from Ohio State University, and a Master of Architecture degree from University of Illinois Chicago.

 “Since joining the firm, Nick has consistently exceeded expectations,” said Jason Golub, Regional Director, Ware Malcomb. “We are grateful for his invaluable contributions and look forward to witnessing the next chapter of his career unfold at Ware Malcomb.”

Mike Piraino 

“Mike is a team player, possesses a wealth of knowledge and always is tackling the next project challenge,” said Caroline McNulty, Director, Interior Architecture & Design.

 “His client service mindset, along with strong architecture and project management skills, has built a rapport with our clients and helped attract new opportunities to the studio.”

Piraino brings more than 23 years of experience to his role, adept with a variety of project types including corporate headquarters, office, multifamily, industrial and manufacturing projects.

Jason Golub

 A licensed architect in the state of Illinois, Piraino attended the University of Illinois Urbana-Champaign, where he earned Bachelor of Science in Architectural Studies and Master of Architecture degrees.  

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

 Maria Rodgers, Director, PR & Communications, 949.660.9128, mrodgers@waremalcomb.com

 Sean Boswell, PR Specialist, 949.660.9128, sboswell@waremalcomb.com

Ware Malcomb

waremalcomb.com

 

 

Martin Huff joins DXD Capital as Director of Investor Relations

 

Martin Huff

 Denver, CO -- Martin Huff has joined DXD Capital as Director of Investor Relations, based in Denver, CO.

 Most recently, Martin oversaw two major adaptive reuse mixed-use developments (Highside Market and Midcity Yards) as a Principal with The Cotton Companies  in his hometown of Columbus, GA.

 Additionally, Martin played a pivotal role in the expansion of Fetch Park (now five locations), where he led real estate development and construction for the urban dog park and bar concept.

Martin spent the prior 13 years in Spartanburg, SC, where he served as the Director of Operations for Morning View Communities  (nine communities across four states), a prominent manufactured home property management company, and nine years at The Johnson Group, a family office.  There, he contributed to the self storage team's strategic nationwide growth, encompassing over 65 ground-up developments with over $800M in project cost.

Martin received his Bachelor of Arts from Wofford College.

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.”

Greystar and city officials celebrate completion of Caliber in Peoria, AZ

 

(From left): Barrett Green (Layton Construction), Vice Mayor Jon Edwards (Peoria), Councilmember Bill Patena (Peoria), Mayor Pro Tem Jennifer Crawford (Peoria), Wil Hogue (Greystar), Anthony Lydon (JLL) Dustin Chisum (Deutsch Architecture), David Calcaterra (Deutsch Architecture) Councilmember 

PEORIA, AZ – Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, joined with officials from the City of Peoria and project partners to celebrate the completion of Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona.

Peoria Mayor Jason Beck.

Caliber marks the first development piece to deliver within Greystar’s $500 million, 88-acre Peoria Place master plan, which at build-out will include luxury apartments, build-for-rent homes and ground-floor retail in the heart of Peoria’s historic downtown.

Mayor Pro Tempore Jennifer Crawford

“High on this City Council’s list of priorities is bringing new life to our historic downtown,” said Peoria Mayor Jason Beck. “Greystar’s Peoria Place is a critical component as we work to grow new housing and employment opportunities in the place in which our city was founded.”

Wil Hogue

“For 30 years, the city has worked to spur new development in historic downtown Peoria, and Peoria Place hits the mark,” added Mayor Pro Tempore Jennifer Crawford. “As the councilmember that represents this part of Peoria, I am thrilled to see the evolution and know that this development will help spark even more opportunities in this area.”  

                        Caliber by Greystar, a three-building, 

                        Class A industrial development in Peoria, AZ

The completion of Caliber is the first step toward realizing our vision for Peoria Place, and we’re extremely pleased to hit this milestone,” said Wil Hogue, Greystar Senior Associate. 

Kelly Royle

“Caliber will serve as a magnet for new business and employment, fortifying the ‘work’ element in our live-work-play master plan. We appreciate everyone who joined us today to celebrate this achievement and we look forward to the positive economic impact to come.”

Hagen Hyatt

Located at 9303, 9451 and 9595 N. 79^th Ave. in Peoria, Caliber by Greystar spans 411,918 square feet in three buildings – a 114,446-square-foot Building A, 122,863-square-foot Building B, and 174,609-square-foot Building C.

All buildings feature 32’ clear height, modern 50’ x 52’ column spacing, energy efficient LED lighting, ESFR sprinklers and 190’ truck courts. Infrastructure installed at each building offers tenants the opportunity to double their power capacity from 3,000 to 6,000 amps, supporting expanded capabilities and value-add improvements such as roof-mounted solar systems and EV charging stations. Together, Caliber offers 99 dock doors and six drive-in doors, as well as parking for 554 cars.

John Lydon

All buildings also include completed speculative office space with conference rooms, break rooms, open and private offices, and restrooms. To facilitate an immediate move-in, Greystar has speculative HVAC and lighting on site so that a new tenant can immediately occupy 40,000 square feet while waiting for permits to occupy their entire leased space.

“These buildings were designed to fill Peoria’s need for flexible, immediately available industrial space,” said JLL Executive Managing Director Anthony Lydon, who along with JLL’s John Lydon, Hagen Hyatt and Kelly Royle serve as Caliber’s exclusive leasing brokers. “We already are fielding strong leasing interest from a host of high-quality users, which we know will bring great value to the community.”

Caliber is located at the southwest corner of 79th and Grand avenues, directly along the U.S. 60, two miles from Loop 101, and within a 30-minute drive of 3,450 transportation/warehouse and manufacturing firms, and more than 14,180 employees from those sectors.

It is also minutes from major retail, dining and entertainment destinations including Westgate and State Farm Stadium, and one-half mile south of Pioneer Community Park, an 83-acre public space with dog parks, an urban lake, public art and more than 10 lighted fields for various sports.

In January, Greystar broke ground on Marlowe Peoria Place, which will add 370 apartment homes to the Peoria Place master plan. The project will feature a fitness center, pickleball court, two dog parks, a coworking space in the clubhouse and a pool with cabanas and spa. At build-out, Peoria Place will include more than 700 apartments, 255 build-for-rent homes, 4,900 square feet of retail space and the Caliber logistics project.

The project architect for Caliber is Deutsch Architecture Group. The general contractor is Layton Construction. For leasing inquiries at Caliber, contact the JLL team at (602) 282-6300.

Contact:

 

Stacey Hershauer

focusAZ 

P 480.600.0195

www.focusaz.com

 

www.greystar.com