Warby Parker, J.Crew Factory, among the seven new tenants coming to The Orchard Town Center in Westminster, CO area

Kate Heckman

 Westminster, CO -- The Orchard Town Center (OTC), located off of I-25 and 144^th Ave in Westminster, leased and managed by Vestar, announced a new wave of upscale tenants are set to open in the coming months.

 Warby Parker, J.Crew Factory, PF Changs, Rally House, Cozy Coffee Co., Activate and ZAGG will add to the dynamic roster of existing retailers at The Orchard Town Center. With more than 52,000 square feet of new shopping and dining options, The Orchard Town Center is well over 90% leased, marking a significant milestone in its growth and development.

 

Already home to Target, Nordstrom Rack, Sephora, Lululemon and beloved local favorites like Whimsy Paint and Sip and Windfall Brewing Co., the addition of these new tenants not only enhances the center's diverse offerings but also underscores its commitment to providing an exceptional shopping experience for Westminster and its neighboring communities.

 

 Construction and preparations are underway at several of these new locations, including Colorado’s own Cozy Coffee Co. and the nationally recognized J.Crew Factory. More information about each business is below.

"We're delighted to see continued growth at The Orchard Town Center,” said Kate Heckman, Marketing Director of The Orchard Town Center.

 

“Outdoor lifestyle centers lead the retail asset class and we’re certainly seeing that with the increased foot traffic and leasing momentum. Our current tenants are thriving, demonstrating the center's reputation as the go-to lifestyle destination in the area.

 

"The impressive mix of local and national businesses that have chosen to call the Center home further highlights its appeal. We look forward to further supporting Westminster economy and community as more renowned businesses join our line-up.”

 

 

CONTACT:

 

Carli Richards

Communications Director

2415 E. Camelback Rd #100

Phoenix, AZ 85016
Phone1: (602) 866-0900

crichards@vestar.com

 

www.theorchardtowncenter.com.

www.vestar.com

JLL arranges $44.5 million sale of two California Bay Area industrial assets

 

Melinda Marino

SAN FRANCISCO, CA – JLL Capital Markets has successfully closed the sale of two industrial assets in the Bay Area, California for a total of $44.5 million. The properties, located at 75 & 89 South

Kelly Road in American Canyon, have a combined size of 266,729 square feet and are fully leased.

Ryan Sitov

 

JLL represented the confidential seller and procured the buyer, Pac West Equities and affiliate of Buzz Oates.

The JLL Industrial Capital Markets team was led by Managing Director Ryan Sitov and Director Melinda Marino. Additionally, the transaction was executed in collaboration with JLL’s North Bay leasing team, including Senior Managing Directors Glen Dowling, Matt Bracco and Chris Neeb.

 

“75 & 89 South Kelly Road presented an attractive mark-to-market opportunity to acquire assets in one of the top-performing industrial markets in the country,” said Sitov. “This transaction highlights the continued strength and attractiveness of the Bay Area industrial market."

 

Glen Dowling

These two high-quality triple net leased (NNN) industrial warehouses are situated on 12.85 acres, spanning across two parcels. The building features include 25 to 30-foot clear heights, concrete tilt-up construction, ESFR sprinklers, ample auto parking and a combined 24 dock-high doors and four grade-level doors. 

89 S Kelly Road is 100% master leased to Dynacraft, BSC Inc – the largest privately held distributer of wheeled goods. 75 S. Kelly Road is subleased to Valley Wine Warehouse, a local Napa third-party logistics provider.

 

Matt Bracco 

75 & 89 S Kelly Road are situated along the CA-29 in Napa County, located in one of the top performing industrial markets in the country. The property is within 75 miles of the four major population centers in Northern California, which contain nearly 12 million residents collectively and yield the highest GDP per capita in the country.

 

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.

Chris Neeb

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

 

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 

CONTACT:

 

Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

Native Realty Obtains 357,000-Square Foot Industrial Portfolio Assignment in Florida's Central Broward County

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Jaime Sturgis, was hired to exclusively lease a large-scale industrial portfolio in Central Broward County. The firm’s

Adam Docktor 

Adam Docktor is overseeing leasing at Elevate Broward, an 11-building business park with 357,000 square feet across 20 acres.

 

Located at 3451 NW 19th St. in Lauderdale Lakes, Elevate Broward is an ideal last-mile option for logistics, transportation, construction firms, e-commerce, distribution tenants and more. The business park is near I-95, Florida’s Turnpike and U.S. 441. Existing tenants run the gamut from small to mid-sized and national companies.

 

Elevate Broward underwent a seven-figure exterior beautification program earlier this year. Individual small-bay spaces range from 1,870 to 20,000 square feet to accommodate different user requirements. Interior features include 18-foot ceiling heights, 12x14 grade level doors, on-site property management and maintenance, three-phase power in select units and natural light from Northwest 19th Street frontage.

 

“Native Realty is uniquely suited to successfully lease an industrial portfolio like Elevate Broward,” Sturgis said. “We are tapping into our relationships with business owners of all sizes and from all walks of life to generate interest in the available warehouses. Elevate Broward offers a diverse range of small-bay warehouses in a large business park setting, which is uncommon in the South Florida market.”

 

Contact:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

 

elevatebroward.co.

www.nativerealty.com.

 

 

Hospitality Industry Marketing & Sales Veteran Wendy Hoekwater Launches Net Growth Marketing Firm

 

Wendy Hoekwater

OUTER BANKS, NC—Hospitality industry veteran Wendy Hoekwater has formed Net Growth Marketing, LLC, a marketing and sales consulting firm specializing in scaling small- to mid-sized companies in hospitality, travel and tourism.

               

 “Having led sales and marketing initiatives for some of the most respected brands in the hospitality industry, including Marriott International, Choice Hotels International and Great Wolf Resorts, Inc., I’ve gained a deep understanding of what drives success in this competitive market," said Hoekwater.

“At Net Growth Marketing, our mission is to empower our clients in the hospitality and tourism industry who may not have internal resources with proven, customized sales and marketing strategies.

 

"These are solutions I’ve personally developed and implemented, resulting in measurable improvements to the bottom line. We don’t believe in one-size-fits-all; we collaborate with owners to craft strategies tailored specifically to their company’s unique needs.”

Net Growth Marketing offers a full spectrum of sales and marketing services for small- to mid-sized companies in the hospitality and tourism industry, including strategic market planning, brand positioning, digital marketing solutions and sales operations optimization.  The company also assists with brand storytelling and marketing team leadership coaching.

                A 20-year hospitality veteran, Hoekwater most recently served as vice president of marketing and sales with Surf or Sound Realty, a premier vacation rental property management company with more than 600 vacation rental homes in the Outer Banks.

 

Contact:

 

Chris Daly

(703) 864-5553

chris@dalygray.com

RKW RESIDENTIAL Recognized Nationally for Resident Satisfaction and Operational Excellence

  

Joya Pavesi 

 Charlotte, NC - RKW Residential, one of the nation’s fastest-growing multifamily management firms, landed in the top 5 of a pivotal ranking for resident satisfaction and operational excellence for the second consecutive year. The firm secured the No. 5 spot in the 2024 J Turner Research Division I ORA® (Online Reputation Assessment) Power Ranking.

 

The annual rankings are based on ORA scores, an aggregate compilation of a property’s ratings across various review sites and Internet Listing Services (ILSs). To be eligible for Division I, a management company must have ranked in the top 10 of the National Multifamily Housing Council’s (NMHC) annual 50 Largest Apartment Managers list.

 

“We are proud to maintain a top position in the Division I ORA Power Ranking, as it reflects how RKW prioritizes people above all,” RKW EVP, Marketing & Strategy Joya Pavesi said. “In the past year, our team implemented numerous exciting initiatives at our communities to further enhance the experiences of our residents. This ranking validates those efforts and our overall operating mission.” 

 

Contact:

 Angelic Bringas

Account Executive
abringas@boardroompr.com
C 786-202-5773
O 954-370-8999
Web | Facebook | Instagram | LinkedIn

 

JLL Capital Markets arranges $53 million acquisition financing for the 877-unit vintage-built, seven-property multi-housing portfolio located in Spartanburg, SC and Mauldin, SC.

 

Part of an 877-unit, seven-property
 multi-housing portfolio located
 in Spartanburg and Mauldin, SC

 

Jamie Leachman

 WASHINGTON DC–  JLL Capital Markets has secured a $53.4 million bridge financing for an 877-unit, seven-property multi-housing portfolio located in

 Spartanburg, SC and Mauldin, SC

 

JLL represented the borrowers, Machine Investment Group and Prospect Lane in securing  the three-year, floating-rate loan.

 

JLL Capital Market’s Debt Advisory team representing the borrower was spearheaded by Senior Managing Director Jamie Leachman and Directors Jonah Aelyon and Carter Wroblewski.

 

Jonah Aelyon

The portfolio comprises five properties in Spartanburg and two in Mauldin, all strategically located in South Carolina’s bustling Upstate region. 

The attractive demographics of the region, with a population growth of over 500,000 in the past decade and a net migration of 94,000+ residents in 2022 alone make it a compelling destination for businesses.

Greenville's economic growth has been strongly influenced by key drivers such as BMW's expansive Plant Spartanburg, Michelin’s North American Headquarters and Inland Port Greer.

    Carter Wroblewski

 

The 70%-occupied, 1971-1986 vintage apartment portfolio, has 139 newly renovated units The Sponsor plans to remodel an additional 300.

The restorations will include updates to in-unit features like new cabinet faces, stainless steel appliances, quartz countertops, light fixtures and non-carpet flooring. Additionally, the exterior of the complexes will get updated roofs, parking lots, sidewalks, exterior painting, HVAC systems and security camera installations.

 

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

 

Contact:

 

Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets 1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877

us.jll.com/capitalmarkets

 

Jones Lang LaSalle Americas, Inc.
a licensed real estate brokerage company.
​CA RE license #01223413