Monday, July 8, 2024

Ferdinand Seefried and Rob Rakusin retire from Seefried Industrial Properties


Seefried Industrial Properties partners, from left: 

Jason Quintel, Senior Vice President – West Region 

Dave Riefe, Senior Vice President – Midwest Region 

Doug Smith – Southeast Regional Partner (GA, SC, TN, and AL) 

Paul Seefried – Executive Vice President/Regional Partner for NC and FL.

Jim Condon – Chief Development Officer/Chief Operating Officer

Greg Herren – President/CEO  

Jonathan Stites – Senior Vice President – South Central Region (TX, OK, LA) 

Dan Bick – Senior Vice President - West Region (CA) 

Scott Irwin – Senior Vice President - West Region (CA and NV)

 

Atlanta, GA - Ferdinand Seefried and Rob Rakusin have retired  from Seefried Industrial Properties, effective July 1, 2024.

 Ferdinand Seefried

 Ferdinand Seefried established Seefried Industrial Properties in 1984 with a focus on developing high quality, well located, distribution warehouses near airports, specifically targeting international freight and transportation companies.

 His strategic foresight and strong ties with European financial institutions and later e-commerce retailers propelled the company to prominence in warehouse development throughout the U.S.

 Rob Rakusin

Under his stewardship, Seefried Industrial Properties expanded into vital U.S. distribution markets, specializing in build-to-suit projects for U.S. and European corporate clients and the speculative development of distribution parks.

Since joining Seefried Industrial Properties in 1993 as CEO, Rob Rakusin has been a central figure in the company's evolution.

As President, Rob has provided strategic guidance to Seefried’s regional offices, playing a pivotal role in structuring deals, managing financing activities, and cultivating key relationships with U.S. capital partners and major stakeholders.

His leadership over the last three decades has positioned Seefried Industrial Properties as a leader in the industrial real estate sector, establishing the company as a prominent privately held development company in the United States.

 Both Ferdinand and Rob have placed great value on the relationships they’ve established over the years with capital partners, family offices, contractors, brokerage groups, and many others.

They have always prioritized building and maintaining strong, trust-based connections, understanding that these relationships are the foundation of successful business ventures.

Their ability to cultivate and nurture these partnerships has been instrumental in successfully navigating complex market dynamics. Through their genuine commitment to these relationships, Ferdinand and Rob have shaped Seefried Industrial Properties into a company renowned for its integrity, reliability, and collaborative spirit.

 While we will miss Ferdinand and Rob, we are profoundly grateful for their exceptional contributions. As they embark on their well-deserved retirements, we extend our wishes to them for continued happiness and success in their future endeavors.

 In line with our commitment to continuity and excellence, we announce the appointment of the following key executives:

Greg Herren
 Greg Herren now assumes the role of President and CEO.

  • Jim Condon will continue in his role as Chief Development Officer while also assuming the position of Chief Operating Officer.
  • Paul Seefried now serves as Executive Vice President and continues as Regional Partner for NC and FL.
  • Doug Smith has become the Southeast Regional Partner, responsible for sourcing development in GA, SC, TN, and AL.


About Seefried Industrial Properties:

Jim Condon 


Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties is as a privately held real estate company specializing in the development, leasing, and management of industrial properties across the United States. 

The company primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 10 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 30+ markets.

Paul Seefried
Headquartered in Atlanta, Seefried Properties extends its operational presence through regional offices strategically located in Dallas, Chicago, Los Angeles, and Phoenix.

 For more information, please visit www.seefriedproperties.com.





 CONTACT:

 Barbara Bennett

Marketing Coordinator
Seefried Industrial Properties
(520) 661-9641
bbennett@seefriedproperties.com

Thursday, July 4, 2024

Waldo District in Kansas City, MO moves forward with $12.7 million equity investment

 

 


Rendering  of Waldo District, an approximate 283-unit, 

Class A planned multi-housing community 

in the Waldo neighborhood of Kansas City, MO

 

DENVER, CO – JLL Capital Markets has arranged a $12.7 million equity investment for the construction of Waldo District, an approximate 283-unit, Class A multi-housing community in the Waldo neighborhood of Kansas City, Missouri.


JLL worked on behalf of the borrower, EPC Real Estate Group, to secure the equity investment with a national fund manager.


Austin Bradley
Designed by architect BRR, Waldo District will consist of six-story building housing approximately 284 residential units and 12,494 square feet of retail with structured parking.

 

Units will be finished with marble countertops, stainless steel appliances, full-size washer/dryers, modern tiled tubs or showers, smart locks, smart thermostats, walk-in closets, LED lighting and balconies in select units.

 

The community will offer top-of-the-line amenities, including a luxurious clubhouse; media area with bourbon/wine lounge, golf simulator and e-sports; fitness center and yoga/spin studio; remote work office space; dog spa, secure bike storage and repair; a resort-style pool; fire pits; outdoor grills; outdoor televisions and landscaped courtyards.

 

 Waldo District will also offer approximately 349 parking spaces within a structured garage.

 

The 2.68-acre parcel at 7421 Broadway St. is currently improved with a warehouse, car wash and the recently closed Well Bar and Grill, which intends on relocating to the retail space on site.


Mark Erland 
The property is located in the heart of the Waldo neighborhood, just 6.8 miles south of Downtown Kansas City. The immediate area boasts more than 1.2 million square feet of restaurants, shops and bars that are all easily walkable from Waldo District.

 

 In addition, residents have access to the Harry-Wiggins Trolley Track Trail and easy access to major roadways, including Interstates 71 and 169 providing connectivity to the greater Kansas City area.

 

“This development will seamlessly integrate into the existing fabric of the neighborhood, while embracing Waldo’s own unique character,” said Austin Bradley, Executive Vice President at EPC Real Estate Group.

 

“We look forward to delivering an unmatched urban lifestyle offering at one of the most transit oriented and walkable sites in the city.”     

 

The JLL Capital Markets team was led by Managing Director Mark Erland and Director Kevin Barron.

 

“EPC Real Estate Group is delivering much needed Class A multi-housing product to a growing neighborhood that currently has zero Class A projects planned or delivered and the existing stock has an average vintage of 1973,” added Barron.


Kevin Barron
“The community’s popular location and its proximity to the Country Club Plaza, while being a short drive to employment in Overland Park will appeal to young professionals and families seeking a trendy, urban feel while also being adjacent to some of the best residential neighborhoods in the metro.”

 

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

 

CONTACT

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

 

 

 

Wednesday, July 3, 2024

JLL Capital Markets facilitates the $80 mllion sale of a 296-unit apartment community in Mount Laurel, NJ

 

Lisa Daily

PHILADELPHIA, PA – JLL Capital Markets announced the $80 million sale of Mount Laurel Crossing, a 296-unit apartment community located in Mount Laurel, New Jersey.

 JLL represented the seller in this transaction, while Colony Hills Capital, based in Wilbraham, Massachusetts and Balfour Beatty acquired the multifamily asset.


Samantha Kupersmith

Mount Laurel Crossing, built in 1999, is currently at 98% leased, offering a diverse selection of one-, two- and three-bedroom units, with an average size of 944 square feet. 


Residents of Mount Laurel Crossing enjoy a range of amenities, including a resort-style swimming pool, an outdoor lounge area with a fire pit, a dog park, a clubhouse with a business center, detached garages, a 24-hour fitness center and BBQ grills. 


                      Fran Coyne

Tenants are also within walking distance of the community association's park, which offers tennis courts, pickleball courts, basketball courts, a baseball field, an open field and a children's play area.

 

Conveniently located at 1 Larchmont Place, the property also provides superior access to major employment hubs and entertainment destinations with close proximity to major roadways serving South Jersey, such as Routes 38, 70, 78, Interstate 295 and the New Jersey Turnpike.


 Carl Fiebig


Additionally, Mount Laurel and the Burlington County submarket have consistently demonstrated strong rental performance in recent years. 


The submarket's robust fundamentals are further bolstered by the presence of prominent regional employers such as Joint Base McGuire-Dix-Lakehurst, TD Bank, Freedom Mortgage, Automotive Resources International and more.

 

“We are thrilled to add this community to our multifamily portfolio. Mount Laurel Crossing’s neighborhood appeal coupled with the economic diversity and strength of the greater MSA makes this a perfect fit for our investment strategy,” said Lisa Daily, SVP of Multifamily Acquisitions for Balfour Beatty.

 

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Fran Coyne, Carl Fiebig and Jose Cruz alongside Managing Director Mike Oliver, Senior Director Samantha Kupersmith and Director Tyler Margraf.


Jose Cruz

"We are thrilled to have facilitated the $80 million sale of Mount Laurel Crossing," said Coyne. "This transaction underscores the strong desirability of the Mount Laurel submarket and the appeal of well-maintained, amenity-rich multifamily properties."

 

“The opportunity attracted a diverse mix of private and institutional capital, resulting in a highly competitive sale process,” added Fiebig.

 

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.

 

Mike Oliver
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.

 

About Colony Hills Capital


Colony Hills Capital is a real estate investment company focused on the acquisition, ownership and management of value-add garden style multifamily properties in primary and secondary markets; investments that improve our resident’s lifestyles and provide consistent returns for our investors.


Tyler Margraf

About Balfour Beatty


Balfour Beatty is a leading international infrastructure group with over 25,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow. 


We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

 

Contact:

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478


Peachtree Group Wins Multiple Marriott Select Brands Awards During Ceremony

Shara Roddan

ATLANTA, GA – Peachtree Group (“Peachtree”) announced that it received multiple Marriott Select Brands (MSB) Awards during this year’s Marriott Select Brands Owner & Franchisee CONNECT Conference in Orlando, Fla. The awards recognize hotels that demonstrate outstanding service, innovation and commitment to guest satisfaction.

 

“These awards are a testament to the exceptional work our hotel associates deliver every day,” said Steve Mackenzie, Peachtree’s senior vice president of operations, hospitality management.


Steve Mackenzie


 “These hotels have consistently excelled in guest and F&B satisfaction, setting a benchmark for unparalleled service, and we are proud to have them as part of the Peachtree family. Additionally, we extend our gratitude to our partners who entrust us with managing their properties.

 

"Their collaboration has been instrumental in achieving these accolades, showcasing our shared commitment to superior quality.”

 

The award winners include:

 

Platinum Circle

  • SpringHill Suites Lindale, Texas

Gold Circle

  • Fairfield Inn & Suites Gadsden, Alabama
  • SpringHill Suites Dallas Rockwall, Texas
  • TownePlace Suites Dallas Rockwall, Texas

Silver Circle

  • Courtyard by Marriott Indianapolis Plainfield, Indiana
  • SpringHill Suites Vero Beach, Florida

F&B Satisfaction

  • SpringHill Suites Lindale, Texas

“Every recipient of these awards embodies the essence of Peachtree’s mission, showcasing outstanding excellence, strong leadership and a relentless dedication to serving our guests, partners and communities,” said Shara Roddan, vice president of operations, hospitality management.

 

 

Contacts:

 

CharlesTalbert 

678-823 7683

ctalbert@peachtreegroup.com

 

 

Chris DalyPresident

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.peachtreegroup.com.