DXD Capital announces the opening of a brand new, Class A, climate-controlled storage facility in Las Vegas, NV.

Class A, climate-controlled storage facility
The facility has 794 individual storage units
 totaling 73,250 net rentable square feet
located at 7540 Grand Teton Drive, 
in Las Vegas, NV.

 

LAS VEGAS, NV. —DXD Capital, a self storage private equity investor, announced the opening of a brand new, Class A, climate-controlled storage facility in Las Vegas, NV. 

The facility has 794 individual storage units totaling 73,250 net rentable square feet located at 7540 Grand Teton Drive, featuring thirteen exterior drive-up units that will be especially helpful for contractors in the area participating in the growth of Northern Las Vegas. 

Drew Dolan

This is DXD’s third storage facility in Las Vegas, managed by Public Storage.

 

DXD's Grand Teton is a two-story, indoor, climate-controlled facility. The property was acquired in June 2022 through DXD’s first fund, DXD Self Storage Fund I, which launched in November 2020 and closed with $63 million in committed capital.

 The company launched its second fund in June 2022 and has since invested in seven self storage projects across the United States.

 

"Northern Las Vegas has done nothing but grow over the past few years,” said Drew Dolan, Principal and Fund Manager 

The prevalence of single-family residential nearby makes this site exceptional for self storage, and it is expected to lease up quickly. This area of North Las Vegas currently has no storage supply, and DXD will fill a sizable need in this community.

 

Dolan continued by saying “This opportunity came to us from one of our existing relationships and will be an excellent addition to our Nevada portfolio, which now has three properties with their doors open." -

 

DXD Capital

 

DXD Capital is a data-driven real estate private equity company focused solely on the self storage sector. DXD utilizes unprecedented access to data and proprietary tools to source best-in-class investments for its investors. For more information, please visit 

 

 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.”

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JLL arranges $23 million recapitalization of Pittsburgh parking garage

350 Oliver Garage, Pittsburgh, PA

PITTSBURGH, PA -- JLL Capital Markets has completed the $23.4 million recapitalization of 350 Oliver Garage, which comprised a $9 million ground lease bifurcation sale of the land and a $14.4 million financing of the leasehold improvements. 

 

350 Oliver Garage is a 570-space parking garage with 23,000 square feet of ground floor retail in Pittsburgh, Pennsylvania.

 

JLL worked on behalf of the seller, Piatt Industries, and procured the buyer for the land component, Woodbranch Investments Corp. JLL also worked on behalf of Piatt Industries to secure the leasehold financing through Dollar Bank.

Mark Popovich

350 Oliver Garage is located in the heart of Pittsburgh and serves as a critical parking garage for many of the nearby employers, restaurants and cultural attractions, including Heinz Hall for the Performing Arts, Harris Theater, Benedum Center for the Performing Arts and O’Reilly Theater.

 

Completed in 2017, 350 Oliver Garage offers parking on floors two through seven of the structure and fully leased retail on the ground floor. The air rights above the property were not included in the sale.

 

JLL’s Capital Markets team was led by Senior Managing Director Mark Popovich and Senior Director Nick Unkovic.

Nick Unkovic

 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,

 JLL Director, PR

Phone: +1 617 543 4873  

Email: Kristen.Murphy@jll.com 

 

jll.com.  

piatt.com.

woodbranch.com.

 

 

JLL Capital Markets led the sales efforts for the 572,111 SF 100 North Tampa in the heart of Tampa’s CBD

100 North Tampa, a trophy office tower
totaling 572,111 square feet
 in Tampa, FL

  

MIAMI, FL –  JLL Capital Markets  has closed the sale of

100 North Tampa, a trophy office tower totalling 572,111 square feet in Tampa, Florida. The price was not disclosed.

Hermen Rodriguez

 JLL represented the seller and procured the buyer.

Standing 42 stories tall, 100 North Tampa is the tallest office building in the city and recently underwent a $21 million renovation, including a new lobby, tenant lounge and updates to the conference and fitness centers.

 Ike Ojala

The property is 83% leased by an established roster of long-term, blue-chip tenants with a 17.7-year WATT (weighted average tenant tenure).

 

Additional on-site amenities include a concierge service, bank branch, sundry shop and car detailing.

 

100 North Tampa is located in the heart of the Tampa CBD, which has experienced significant population growth of 11% since 2020 and as such is home to more than $2 billion of ongoing and recently completed commercial real estate developments, including The Pendry Hotel and Residences, immediately adjacent to 100 North Tampa.

Matthew
McCormack

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Hermen Rodriguez, Managing Director Ike Ojala, Senior Directors Matthew McCormack and Robbie McEwan, Associates Blake Koletic and Max Lescano and Analyst Hunter Smith.

 

“Tampa is a thriving business location and this offering attracted high profile national investors,” said Rodriguez.

 

Robbie McEwan

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.

Blake Koletic 

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

 

 About JLL  

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.

 

Max Lescano 

 A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local

 expertise.

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. 

Hunter Smith

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

Contact:

 

 Kristen Murphy,

 JLL Director, PR

Phone: +1 617 543 4873  

Email: Kristen.Murphy@jll.com 

 jll.com.  

 

 

 

 

 

 

 

The Keyes Company Welcomes Team of 300-Plus Real Estate Agents

  

       From left: Ron Yanks, Steven Reibel, Alex Cika, Ron Cika, 

                              Christina Pappas, Mike Pappas.

 

 Plantation, FL,  June 27, 2024 – The Keyes Company announces the significant addition of a high-performing team of more than 300 real estate agents previously affiliated with Coral Shores Realty. The team will be based in the Keyes Plantation office.

Ron and Alex Cika head up the new arrivals, bringing a combined 50-plus years of real estate experience to Keyes.

Ron Cika has been a licensed real estate broker since 1980, and Alex Cika a licensed broker associate since 2010. Coral Shores Realty has closed in excess of $4 billion in residential transactions.

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Christina Pappas

“We enthusiastically welcome this impressive team led by Ron and Alex Cika to the Keyes family,” Keyes President Christina Pappas said.

“The team has an impressive track record, loyal client base and shares our core values emphasizing family and community. We look forward to supporting these agents with everything they need to maximize their success.”

The Broward County-based team represents buyers and sellers across the entire tri-county area. Its capabilities include new construction and existing single-family and condominium sales, high-end rentals, development sales and more.

“Our industry is changing, and it is important that we pivot,” Ron Cika said. “We knew partnering with a reputable and innovative family business like Keyes would give us the edge required to stay ahead. Giving our agents access to all the Keyes tools, technology and training is going to really help propel us in the right direction.”

Alex Cika described Keyes as a “perfect fit” for the team, noting that the constant changes occurring in the brokerage industry create the need to “stay up to speed with state-of-the-art technology, coaching and education, so this move makes perfect sense.”

The Keyes Plantation office is located at 10091 NW First Court, Plantation, FL 33324.

 

Keyes continues to pursue strategic opportunities to expand geographically throughout Florida and bolster its roster of talented and dedicated agents. Firm Senior Vice President Steven Reibel oversees those efforts.

 

“We are in active talks with various broker/owners across the state,” Reibel said. “In recent years, as industry consolidation puts tremendous pressure on boutique brokerages, Keyes has become the go-to partner for such firms.”

Contacts:

 

Eric Kalis and Daniel Benjamin,

 BoardroomPR

ekalis@boardroompr.com or

 dbenjamin@boardroompr.com

954-370-8999

 

 

 

 

Native Realty Closes Sale of Future Multifamily Development Site in Three Weeks

  

 Sara Dorfman

 FORT LAUDERDALE, FL,  June 26, 2024 – Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Jaime Sturgis, completed another creative transaction in the city’s Flagler Village neighborhood. Sturgis and Native Associate Sara Dorfman closed the property sale on behalf of the seller after just 21 days on the market.

 

At $754 per building square foot and $126 per land square foot, the sale was a tremendous outcome for Native’s client. The total sale price for the 500 NE First Ave. property was $800,000.

 

One of Fort Lauderdale’s original homes, built in 1935, is currently located on the property. The buyers plan to develop a boutique apartment building on a portion of the site.

 

Dorsky Yue International Architecture, the architect of the planned 500 Art Lofts development in downtown Fort Lauderdale, has been engaged to design the project.

Bryan Perez 

“Closing a deal like this in just three weeks requires extraordinary local market knowledge and relationships,” Sturgis said. “The price per square foot is about as high as you will see in Flagler Village.

 

"We successfully communicated the unique appeal, character and development potential of the property to achieve this pricing.”

 

Bryan Perez of Weichert Realtors represented the buyers in the transaction.

 

 

CONTACT

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

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