Done Deals

JLL’s Hotels & Hospitality Group arranges $123 million sale of the historic 315-room Courtyard Boston Downtown in prime Boston Theater District.

2025-01-30T17:47:00.000-08:00

Courtyard Boston Downtown, a 315-room hotel
located at 275 Tremont Street in Boston, MA

BOSTON, Jan. 24, 2025 – JLL's Hotels & Hospitality Group announced today the $123 million sale of the Courtyard Boston Downtown, a 315-room hotel located at 275 Tremont Street in Boston, Massachusetts.

JLL represented the seller, Ashford Hospitality Trust.

Originally built in 1925 as the headquarters for Boston's Lodge No. 10 of the Benevolent and Protective Order of the Elks, the historic 13-story property features Post No. 10 Restaurant & Bar, a fitness center, a business center, 12,684 square feet of various meeting space including a grand ballroom and approximately 46,000 square feet of leased retail space.

Emily Zhang

The hotel's prime location in Downtown Boston’s Theater District puts guests within walking distance of numerous entertainment venues, restaurants and theaters including the Boch Center's Wang and Shubert Theatres,

The Wilbur Theatre and Citizens Opera House. It is also surrounded by top educational and medical institutions such as Emerson College, Suffolk University and Tufts University School of Medicine.

The JLL Hotels & Hospitality team was led by Managing Director Alan Suzuki, Senior Director Matthew Enright and Associate Emily Zhang.

Alan Suzuki

"Boston's diverse lodging demand generators and high barriers to entry continue to make it one of the most attractive hotel investment markets in the U.S.," said Suzuki. "The Courtyard Boston Downtown garnered significant investor interest due to its irreplaceable location and value-add potential."

JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.

Matthew Enright

Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.

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

Contact:

Grace Lewis,

JLL PR

Phone: +1 903 520 3478

Email: grace.lewis@jll.com

KBS Leases 62,599 Square Feet at Class A Office Park in Salt Lake City, UT

2025-01-30T17:24:00.000-08:00

Millrock Park, a four-building, 494,289 square-foot Class A office park
in Holladay, a prime submarket in Salt Lake City, UT

Salt Lake City, Utah (January 28, 2025) – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, signed 62,599 square feet of new, renewal and expansion leases in 2024, at Millrock Park, a four-building, 494,289 square-foot Class A office park in Holladay, one of the most desirable submarkets of Salt Lake City, Utah. Colliers Utah, the largest and top-performing commercial real estate firm in the state assisted KBS in the lease transactions.

The ongoing leasing momentum at the property represents the appeal of best-in-class office space in key markets throughout the country, according to Gio Cordoves, regional president, Western U.S. for KBS.

Gio Cordoves

“Salt Lake City is known for its business-friendly policies, low taxes, access to a skilled workforce and a growing economy,” says Cordoves. “Millrock Park is uniquely situated to take advantage of the outdoor activities that the area is famous for such as, mountain biking and hiking, and it offers some amazing views from each of the buildings.”

According to Colliers Q3 Office Report, Salt Lake City’s office market landscape is undergoing a significant transformation in the face of changing tenant preferences and economic conditions. Thanks to a flight to quality, tenants are migrating to high‐end Class A spaces with enhanced amenities.

As such, Class A vacancy rates decreased while average asking lease rates increased for these desirable properties. Many of these companies are attracted to office properties like Millrock Park, notes Tim Helgeson, senior vice president at KBS and asset manager of the property.

Tim Helgeson

“Millrock Park provides everything discerning businesses in this market are seeking in their office space, including an excellent location along the ‘East Bench’ of the Wasatch Mountain Range and top-tier amenities,” says Helgeson. “Companies have demonstrated strong interest in leasing at the property, and existing tenants are eager to either renew or expand their leases here.”

Constructed in 2005, Millrock Park offers easy accessibility to I-215, I-15, and Salt Lake City International Airport and is only minutes from a variety of ski resorts, including Snowbird, Alta, Brighton, Park City Mountain Resort and more.

Amenities at the property include a fitness center, tenant lounge, event center, structured parking, and outdoor gathering spaces. Millrock Park is situated near numerous hospitality and restaurant options.

Angela Kroneberger

In addition, Millrock Park has some features that distinguish it from others in the market. The property’s concrete foundation is below ground, leaving 37% of the entire campus as green space. Additionally, the land that the asset is constructed on is unique as an office property site due to the dramatic elevation changes within the 22-acre campus, which creates dramatic view lines of the Salt Lake Valley.

KBS leased 62,599 square feet of space at Millrock Park in 2024. Among the lease agreements are a regional energy development firm which signed a 14,077 square-foot expansion, local law firm Bennett Tueller Johnson & Deere signed a 2,356 square-foot new lease and Chargezoom Inc., a B2B payment automation company, is one of the latest tenants added to the property’s roster.

Josh Smith

Chargezoom leased 11,321 square feet of space as it continues to grow. Additionally, Willmeng Construction, an Arizona-based commercial general contractor serving the Southwestern U.S., is leasing 5,851 square feet for its local Utah office.

Brandon Fugal, Josh Smith, and Angela Kroneberger at Colliers represented KBS in the lease transactions.

Brandon Fugal

“Interest in Millrock Park has accelerated as companies seek ways to recruit top talent and entice their teams back to the workplace,” says Fugal. “The property’s ideal location and high-end amenities, combined with the superior service for which KBS and Colliers are known for has generated an increased number of touring requests over the last few years.”

Millrock Park is located at 6550 S. Millrock Drive in Holladay, Utah. For photos, please visit: https://kbs.com/property/millrock-park/.

Contacts:

Ginny Walker

KBS Senior Public Relations Director

949-417-6535

gwalker@kbs.com

Sophia Reznicek or Vivian Liu

The Smart Agency

949-438-6262

KBS@thesmartagency.com

Suntec Concrete Hires Industry Veteran Kevin Neill as CFO

2025-01-26T07:54:00.000-08:00

Kevin Neill

PHOENIX, AZ – Suntec Concrete, one of the nation's largest concrete subcontractors, has hired Kevin Neill as Chief Financial Officer.

With over 30 years of experience in construction and engineering finance, Neill is charged with directing the firm’s fiscal strategy and reinforcing its stability as Suntec continues a trajectory of growth and expansion in markets across the West.

Neill joins Suntec following 12 years as CFO/Treasurer of utility infrastructure services company Centuri Group, Inc., where he played a pivotal role in the firm’s growth from $600 million to $3 billion in revenue.

Derek Wright.

“Kevin has a proven history of leading dynamic companies like ours with strategic and insightful guidance,” said Suntec Concrete President and CEO Derek Wright. “We are pleased to welcome him to Suntec and confident in his ability to support our mission and vision to serve our employees and provide clients with trademark Suntec quality and innovation.”

A 40-year industry leader, Suntec specializes in structural, tilt panel, flatwork, foundation, concrete placement and finishing in an expanding geographic territory including Arizona, Colorado, Utah, Nevada and Idaho. In 2024, the company further expanded with Suntec Engineering & Design, a standalone, full-service structural engineering firm created to meet the changing needs of valued Suntec clients.

“It is an honor to join Suntec at this exciting time in their history,” said Neill. “I am more than thrilled to be here and eager to contribute to its success and ambitious growth plans.”

Neill holds a bachelor’s degree in Accounting from the University of Iowa. He is a Certified Public Accountant in Arizona and Iowa, and a member of the American Institute of Certified Public Accountants.

CONTACT

Stacey Hershauer

focusAZ

P 480.600.0195

www.focusaz.com

Matt Stewart appointed co-head of JLL’s Orange County, CA Capital Markets team

2025-01-25T14:21:00.001-08:00

Matt Stewart

IRVINE, CA – JLL Capital Markets announced Matt Stewart has been appointed Senior Managing Director and co-head of its Orange County office, which he will co-lead with Senior Managing Director Greg Brown.

The duo oversees the market’s Investment Sales, Debt and Equity Advisory platforms and is responsible for overall strategic vision for the office, including team building and growth of the capital markets business.

"We are thrilled to announce Matt’s appointment as a leader of our Orange County office," said Brown. "Matt's journey from intern to leader exemplifies our commitment to nurturing and promoting talent from within. His extensive experience in commercial real estate, coupled with his distinguished military background, brings a unique perspective to our leadership team.

"We are confident that under our joint leadership, our Orange County team will reach new heights in delivering strategic solutions and value to our clients."

Greg Brown

Stewart has more than 12 years of experience in commercial real estate, having launched his career in the industry as a summer intern for HFF (predecessor firm of JLL) in 2013. He most recently served as a Managing Director responsible for originating and executing debt and equity advisory assignments for clients across the U.S.

Stewart holds a Master of Business Administration from the University of Southern California (USC) and a Bachelor of Science degree from the United States Air Force Academy. He is also a former adjunct professor in the Sol Price School of Public Policy at the University of Southern California.

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

JLL’s Pittsburgh Capital Markets appoints Senior Managing Director Nick Unkovic to co-lead team with Mark Popovich

2025-01-25T13:22:00.002-08:00

Nick Unkovic

PITTSBURGH,– JLL Capital Markets announced Nick Unkovic has been appointed Senior Managing Director and co-head of the Pittsburgh office alongside Senior Managing Director Mark Popovich.

The duo oversees the region’s Investment Sales and Advisory, and Debt and Equity Advisory platforms and is responsible for overall strategic vision for the office, including team building and growth of the capital markets business.

"Nick’s appointment as co-head of our Pittsburgh Capital Markets team marks a significant milestone in our office's growth and succession planning," said Popovich. "His impressive track record and deep understanding of our business, cultivated over his 11-year tenure with us, make him an ideal leader to help steer our team into the future.

Mark Popovich

"His promotion not only recognizes his exceptional contributions but also reinforces our commitment to nurturing talent from within. I look forward to partnering with Nick to further strengthen our position in the Pittsburgh market and beyond, leveraging our combined expertise to deliver even greater value to our clients."

Unkovic began his career as a summer intern at HFF (predecessor firm of JLL) and began working full-time for the firm shortly thereafter. Through his 11 years with the JLL team, he has demonstrated exceptional results, completing more than $3 billion in commercial real estate transactions throughout Pittsburgh and the northeastern United States.

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

SPERRY Expands in Orange County, California with Landmarq CRE

2025-01-24T20:05:00.000-08:00

Jamie Trang

GARDEN GROVE, CA, Jan. 24, 2025 –SPERRY, a leading commercial real estate firm specializing in the investment sales brokerage, leasing brokerage, business brokerage, property management and investment of commercial real estate, announced that veteran commercial real estate professionals Blake Trinh, Jamie Trang and Ken Payne are joining the firm as an affiliate under the name Sperry-Landmarq CRE. The new affiliate will be based in Garden Grove, California.

Led by Trinh who serves as president, Sperry-Landmarq CRE specializes in the sale of land and hotels as well as leasing of commercial real estate properties in California and the West with a primary focus on Orange County, California.

Blake Trinh

"Sperry is known for its strong network, innovative marketing strategies, and commitment to client success, making it an attractive choice for us,” said Blake Trinh, president of Sperry-Landmarq CRE. “The firm's collaborative culture and focus on technology with its 3D printing made them a good fit for our company.”

Blake Trinh, Jamie Trang and Ken Payne are prominent figures in the Southern California commercial real estate industry, each with a specialized niche in delivering results to their clients.

Mark Hinkins,

“Blake, Jamie and Ken are premier commercial real estate brokers in the region,” said Mark Hinkins, CCIM, FRICS, global president at SPERRY. “We are aggressively and strategically looking to expand throughout the United States and internationally.

"This year we launched our master country franchise program and are in advanced discussions in Australia, India, and multiple countries in the middle east and Pacific Rim regions while making them available for additional select countries around the world. SPERRY has the platform, collaboration, technology, and culture to attract key brokerage offices and teams to the firm.”

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 Capital Markets brokers 191 million loan for Fenton, a premier mixed-use urban village project in Cary, NC

2025-01-23T21:29:00.004-08:00

Kelsey Bawcombe

ATLANTA, GA –  JLL Capital Markets has secured a $191 million senior mortgage for Fenton, a premier mixed-use development located in Cary, North Carolina.

JLL represented the borrowers, a partnership consisting of Hines, Affinius Capital and Columbia Development, in securing the loan from New York Life Real Estate Investors.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Directors Chip Sykes and Vice President Kelsey Bawcombe.

Chip Sykes

"This financing underscores Fenton's standing as a transformative development within Cary and the broader Triangle area," said Sykes. "The commitment reflects confidence in the project's best in class mixed-use place making and the development teams unmatched execution abilities."

Fenton is strategically located near the intersection of Cary Towne Blvd. and I-40, which offers exceptional connectivity to the wider Raleigh-Durham-Chapel Hill area. This vibrant mixed-use development benefits from proximity to prominent employment hubs such as the Research Triangle Park and is just 15 minutes west of Downtown Raleigh.

Downtown Fenton, Cary, NC

The Raleigh-Durham Triangle area, formally known as the Research Triangle Region, is a vibrant and rapidly growing metropolitan hub home to over two million residents.

Fenton is an experiential mixed-use urban village, featuring over 246,000 square feet of retail space housing 42 diverse tenants, 183,000 square feet of modern office space and 357 multifamily units delivered in 2022-2023. The commercial component is complemented by The Allison at Fenton, a premier residential community situated atop the dynamic urban streetscape of Fenton.

Contact:

Gréta Kieras

Senior Associate

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

JLL Capital Markets represented DLC Management Corp. in arranging $44 million financing for Ohio-based retail centers Taylor Square and Tuttle Crossing

2025-01-23T12:59:00.003-08:00

Claudia Steeb

NEW YORK, NY –  JLL Capital Markets has secured a $30 million and $13.65 million financing for Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin, Ohio, respectively.

Scott Aiese

JLL represented the borrower, DLC Management Corp, in arranging the five-year, fixed-rate loan through TriState Capital Bank for Taylor Square and the five-year loan through Dollar Bank for Tuttle Crossing.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Scott Aiese and Claudia Steeb and Director Alex Staikos.

"These financings highlight the continued strength of well-positioned retail assets in growing markets like Columbus," said Aiese. "Both Taylor Square and Tuttle Crossing feature strong anchor tenants, diverse retail mixes and locations in high-traffic corridors, making them attractive investment opportunities in the current retail landscape."

Alex Staikos

Taylor Square is a 378,102-square-foot shopping center anchored by the nation’s largest big-box retail chain, located at 2793 Taylor Rd. in Reynoldsburg. Built in 2000 and renovated as recently as 2023, the property sits on 48.3 acres with prime visibility from I-70, which sees 97,000 vehicles per day.

The center boasts 99.7% occupancy across its 34 tenants, featuring a diverse mix of national retailers including Marshalls, JoAnn, Dollar Tree and Bath & Body Works.

Tuttle Crossing is a 226,718-square-foot shadow grocery-anchored center located at 5800 Britton Pkwy. in Dublin. Built in 1996 and renovated in 2022, the property sits on 18.66 acres with prime visibility from I-270, which sees 117,360 vehicles per day.

Tuttle Crossing shopping center, Dublin, OH

Contact:

Gréta Kieras

Senior Associate

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

Bryant Square retail center in Oklahoma City metropolitan area trades hands

2025-01-20T17:47:00.002-08:00

Erin Lazarus.

DALLAS, TX –  JLL Capital Markets has secured the sale of Bryant Square, a 272,135-square-foot retail center in Edmond, Oklahoma, part of the Oklahoma City metropolitan area. The price was not disclosed.

JLL represented the seller, TriGate Capital, in arranging the buyer, Mazaheri Properties. Phillip Mazaheri with Price Edwards & Company represented the buyer.

Bryant Square, a 272,135-square-foot retail center
in Edmond, OK, part of the Oklahoma City metropolitan area.

Bryant Square, located at 308 S Bryant Ave., enjoys a strategic position in the affluent Oklahoma City suburb of Edmond. The center's prime location provides exceptional visibility and access, situated just west of I-35, the largest North-South thoroughfare in Oklahoma City.

The greater Oklahoma City area continues to see strong population growth, particularly in its suburban areas. Edmond itself has experienced significant expansion, with the five-mile radius around Bryant Square showing an average household income of $138,000 and consumer spending power of $6.75 billion.

Chris Gerard

Bryant Square, originally constructed in 1978 and renovated in 2018, boasts a robust 96% occupancy rate with a diverse tenant mix including Ross Dress for Less, Burlington Coat Factory and Old Navy.

The retail center offers significant value with an average tenant tenure of 8.8 years and a weighted average lease term of 4.6 years, ensuring a stable and attractive investment.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Chris Gerard and Barry Brown and Director Erin Lazarus.

"Bryant Square offered investors a high-quality retail asset in one of Oklahoma City's fastest-growing submarkets," said Gerard. "With its strategic location in affluent Edmond and potential for increased income, this transaction demonstrates continued investor appetite for well-positioned retail properties in high-growth suburban markets."

Barry Brown

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

Contact:

Gréta Kieras

Senior Associate

Public Relations

Phone: +1 949 930 8498

Email:

greta.kieras@jll.com

jll.com.

JLL Capital Markets arranges sale of The District by Windsor in Denver, CO

2025-01-20T17:29:00.007-08:00

The District by Windsor, a 276-unit multi-housing community
in Denver, CO

DENVER, CO –  JLL Capital Markets has arranged the sale of The District by Windsor, a 276-unit multi-housing community in Denver, Colorado.

JLL represented the seller, GID, in facilitating the buyer, Mesirow Financial. The price was not disclosed.

Jordan Robbins

The District by Windsor, located at 6300 E Hampden Ave., enjoys a prime position with immediate access to I-25 and close proximity to I-225, offering residents seamless connectivity throughout the Denver metro area.

The community’s strategic location near Belleview Station and RTD Southmoor Station provides convenient public transit options, while its proximity to shopping centers and major employment hubs, including the Southeast Business Corridor.

Denver is a thriving metro area known for its strong economy, highly educated workforce and exceptional quality of life. The region boasts robust job growth that attracts young professionals with an average of 89 new residents moving to the metro area daily.

Wick Kirby

Within a three-mile radius of The District by Windsor, the average household income is $137,197 and the average home value is $826,899, reflecting the area's affluence and desirability.

The District by Windsor, constructed in 2007, is a mid-rise apartment community situated on a spacious 7-acre plot. This well-maintained property offers 247,811 square feet of residential space, complemented by 16,622 square feet of commercial space creating a vibrant mixed-use environment.

With a high occupancy rate of 95%, The District caters to a diverse range of residents seeking modern comfortable living spaces. The community boasts an impressive array of amenities including a year-round spa and hot tub, a resort-style swimming pool, a state-of-the-art fitness center and EV charging stations, reflecting its commitment to providing a luxurious and sustainable lifestyle for its residents.

Alasdair Cripps

"We are pleased to partner with JLL Capital Markets and GID in the purchase of The District by Windsor,” stated Alasdair Cripps, CEO of Mesirow Institutional Real Estate Direct Investments.

“Going forward, our vision for the property includes additional capital for modern amenities and enhancements to interior units and the exterior appearance.

"With these changes, we will be rebranding the property as The District at Hampden South and look forward to serving the community.”

Alex Possick

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Jordan Robbins, Managing Director Wick Kirby, Director Alex Possick and Associate Seth Gallman.

"The sale of The District by Windsor demonstrates the continued investor appetite for well-located, value-add multi-housing assets in the Denver metro area," said Robbins.

"The property's strategic location near major employment centers and its potential for unit interior upgrades made it an attractive investment opportunity in today's market."

Seth Gallman

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

Contact:

Gréta Kieras

Senior Associate

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

JLL raises over $1 billion of construction financing in Northern Virginia for data center developer, The BlackChamber Group

2025-01-19T12:01:00.000-08:00

Jamie Leachman

WASHINGTON, DC – JLL’s Capital Markets group has arranged over $1.2 billion in construction financing throughout 2024 on behalf of The BlackChamber Group (“BlackChamber”). The financings will facilitate the development of four hyperscale powered shell campuses located across Northern Virginia collectively totalling over 740 megawatts of capacity.

JLL worked on behalf of BlackChamber to arrange the financings as part of BlackChamber’s Northern Virginia development portfolio, which includes eight campuses with the prospective capacity to yield nearly 1.5 GW of gross power capacity across more than six million square feet.

Drake Greer

BlackChamber was advised by JLL’s Capital Markets Debt Advisory team led by Jamie Leachman, Senior Managing Director and Co-Head of the Washington, D.C. office and Drake Greer, Senior Director and member of JLL’s National Data Center Capital Markets team.

“Against a dynamic and challenging market backdrop, JLL leveraged their relationships, creativity and expertise to drive seamless and unrelenting execution with a variety of different lenders, ultimately delivering value-accretive and strategically beneficial financing solutions,” BlackChamber Managing Partner Conley Patton said.

Conley Patton

Northern Virginia is the largest data center market in the world, comprising more than 4.6 GWs of power capacity as of 1H 2024. In 2024, Northern Virginia saw more than 1.3 GWs of absorption, ending the year with a vacancy rate of just 0.4%. Currently, in Northern Virginia there is more than 5.8 GWs of planned data center development.

“We are seeing incredible demand for data centers with the consistent appetite from Cloud, AI and Enterprise tenants and this in turn has created a larger focus from various capital sources,” Leachman said.

“What was once a small alternative segment of the commercial real estate industry is now a large segment of equity and debt deployments. BlackChamber’s recent construction loan closings are evidence of the diverse capital chasing data centers.

"Our recent closings include capital from bank balance sheets, both commercial real estate and infrastructure verticals, but also private credit vehicles funded with insurance company capital,” Greer added.

JLL’s dedicated Capital Markets group is a full-service global provider of capital solutions for real estate and infrastructure investors and occupiers. The group’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 National Data Center Capital Markets team is run by Senior Managing Director Carl Beardsley.

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 expands Sustainability services with dedicated energy practice led by Josephine Tucker

2025-01-19T08:33:00.001-08:00

Josephine Tucker

CHICAGO, IL – JLL announced it is boosting its existing Sustainability services by forming the Energy Advisory and Sustainability practice. Led by clean energy expert

Josephine Tucker, the team works across JLL’s business lines and industries to serve real estate investors and commercial and public sector clients.

The next few years are essential for building owners and occupiers to leverage the net-zero transition. According to JLL, successfully decarbonizing buildings depends on three main elements: energy efficiency, electrification and clean energy sources – all areas of specialty for the Energy Advisory and Sustainability practice.

Sanjay Rishi

“In response to accelerating demand, we have established a dedicated practice for energy advisory services to expand our sustainability offerings,” said Sanjay Rishi, CEO, Work Dynamics, Americas. “Josephine is a recognized authority in the clean energy field, and I’m excited that more of our clients can now benefit from her leadership and the expertise of her team.”

As Americas Head of Energy Advisory and Sustainability, Tucker reports to Rishi. She joined JLL in 2022 to lead JLL’s Clean Energy and Infrastructure Advisory services to address aging infrastructure and provide renewable transaction services to clients.

Prior to joining JLL, she amassed more than 15 years of experience in energy, real estate and transportation, with a focus on strategy, finance and economic analyses.

“Market demand for clean energy and infrastructure is at an all-time high,” Tucker said. “More and more companies are seeking to reduce their carbon footprint while, at the same time, we see this rapid acceleration of power demand from data centers, reshoring of manufacturing and the electrification of everything from buildings to cars to infrastructure.

"This fundamentally changes how businesses own, operate and lease spaces. As a leading real estate management and consulting company, JLL can play a huge role in servicing energy demands and reducing emissions. I’m thrilled to lead that effort.”

For more information, visit JLL’s Occupier Services page.

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

Contact:

Kimberly Steele
Director, Global Occupier Public Relations
Work Dynamics and Industries, JLL
T +1 713 852 3420
M +1 832 244 9994
JLL.com

Bainbridge Welcomes Industry Leader Marcie Williams as Chief Strategy Officer

2025-01-19T08:05:00.001-08:00

Marcie Williams

WELLINGTON, FL and CHARLOTTE, NC – The Bainbridge Companies (Bainbridge) significantly enhanced its executive leadership team with the addition of

Marcie Williams as Chief Strategy Officer. Williams brings more than three decades of distinguished experience in all aspects of multifamily real estate.

Based in Charlotte, North Carolina, Williams will oversee Bainbridge’s operations, brand, culture and growth. Bainbridge, which has developed and acquired more than 43,000 apartment homes representing more than $8 billion in transactions since its 1997 inception, is strategically pursuing portfolio expansion opportunities in targeted Sun Belt markets.

“Marcie’s arrival comes at an ideal time for Bainbridge,” said Bainbridge Chairman, CEO and Managing Principal Richard Schechter. “Her vast experience will benefit us in all aspects of the company and enable us to continue creating future-facing properties in first-rate neighborhoods where residents can pursue better lives. We enthusiastically welcome Marcie to the Bainbridge family.”

Richard Schechter

Prior to joining Bainbridge, Williams served as CEO at RKW Residential. Her impressive career also includes previous roles at Greystar and Camden Property Trust.

Williams is a Certified Apartment Portfolio Supervisor (CAPS) and Certified Property Manager (CPM®). She has been deeply involved in the Greater Charlotte Apartment Association (GCAA), acting as Board President and as a founding member of its Education Advisory Council.

Williams has received numerous awards and recognitions from GCAA, Apartment Association of North Carolina, Charlotte Business Journal, GlobeSt and others.

“I am so excited to leverage my experience for the benefit of Bainbridge’s continued growth and success,” Williams said. “Bainbridge operates with a commendable and inspiring mission, always prioritizing its residents. I look forward to working with Bainbridge’s leaders to advance our mission.”

A University of North Carolina at Chapel Hill graduate, Williams is actively involved with the Institute of Real Estate Management (IREM) and Urban Land Institute (ULI) and serves on the Membership Committee for the National Multifamily Housing Council (NMHC) and the UNC-Charlotte Childress Klein Center for Real Estate Advisory Board.

CONTACT:

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

http://www.bainbridgecompanies.com

JLL’s Value and Risk Advisory platform announces key leadership appointments

2025-01-18T11:02:00.000-08:00

Katie Parsons

CHICAGO, IL – JLL’s Value and Risk Advisory platform has appointed Jim O’Leary, Jon Sestak and Inna Babakulieva to key leadership roles within the team for 2025. The moves come as part of JLL Value and Risk Advisory’s continued dedication to the growth of the team and the sector-aligned business model that the group launched in 2023.

Corey Gustafson

Under the leadership of Corey Gustafson, who oversees the Core Four platform of office, retail, industrial and multifamily, Jim O’Leary has been promoted to lead the Industrial sector.

He succeeds Katie Parsons in the position, who is transitioning to JLL’s National Investor Accounts Team (NIAT).

Based in Chicago, Jim has more than 20 years of valuation experience including roles in management, professional and business development, production and recruitment.

He has a comprehensive understanding of all types of real estate valuation services with a focus on the industrial sector, including valuations, feasibility studies, real estate portfolio financial reporting, litigation support, property tax consulting and sale-leasebacks.

Prior to his current promotion Jim led the Midwest Industrial Valuation team since 2023 at JLL and prior to that was a First Vice President within CBRE’s Valuation and Advisory Services group for over seven years.

Jim O’Leary

“We anticipate a continued increase in market demand for valuation work in 2025, particular around the core four sectors of office, retail, multifamily and industrial,” said Gustafson, Executive Managing Director and head of JLL Value and Risk Advisory’s Core Four team.

“This demand is driving the expansion of our national footprint where we aim to provide sector expertise with local market competency. Jim, is an expert in the industrial sector and will support our goal of providing best-in-class service to our institutional, local and regional clients.”

Jon Sestak and Inna Babakulieva have been appointed Executive Directors, reporting to Kai Pan, who oversees the multifamily sector for JLL Value and Risk Advisory. Sestak specifically will continue the growth of the affordable housing sector, while Babakulieva will focus on the expansion of the multifamily sector in the Southeast region.

Inna Babakulieva

"At JLL, we're committed to staying at the forefront of the rapidly evolving real estate landscape,” added Mike Ellis, CEO of JLL Value and Risk Advisory.

Kai Pan

“By expanding our Value and Risk Advisory team, we're strategically positioning ourselves to meet the increasingly complex needs of our clients in a dynamic market.

"This investment in our platform allows us to deepen our sector expertise, enhance our data-driven insights, and deliver more comprehensive, tailored solutions.

"We believe that by continuously strengthening our capabilities and investing in our people, we can better help our clients navigate risks, and understand the impacts of the market on the value of their real estate."

JLL Value and Risk Advisory is the essential guide to the changing face of real estate values and risk. Our expert value and risk specialists are here to help investors and lenders identify, mitigate and monitor risk, and optimize real estate values across all sectors and geographies.

More than 2,500 experts in over 35 countries analyze $3 trillion of real estate, delivering actionable risk and value insights, so investors and lenders stay ahead in the market. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.

Mike Ellis

For more news, videos and research resources on JLL, please visit our newsroom.

U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

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.

A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 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. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

CONTACT:

Kristen Murphy,

JLL Director,

Public Relations

Phone: +1 617 543 4873

Email: Kristen.Murphy@jll.com

Industry Veteran Tim Dick Joins Woodworth Core Group

2025-01-18T10:23:00.000-08:00

Timothy J. Dick

ATLANTA, GA –- Officials of Woodworth Core Group (WCG), a leading provider of customized lodging research, valuation and advisory services, announced that Timothy J. Dick, PhD, has joined the firm in their Atlanta office as executive vice president.

WCG Principal R. Mark Woodworth stated, “We continue to focus on providing seasoned expertise to our clients. The addition of Tim Dick to our team deepens our bench and furthers our ability in the areas of asset management, advisory and valuation services."

Dick is a subject matter expert in hospitality real estate with deep experience in the areas of asset management, valuation and general hospitality advisory services (market analysis, operational audits, strategic consulting).

Before joining Woodworth Core Group, Dick was executive vice president with CBRE, where he served as a hotel advisor in a national practice. Before CBRE, he worked with hotelAVE and was responsible for asset managing hotels in New York City, N.Y., Cartagena, Colombia and Buenos Aires, Argentina.

R. Mark Woodworth

Dick also was principal and managing member of Rockcastle Real Estate Advisors, LLC, an independent third-party advisory and consulting firm specializing in hotels.

Before forming Rockcastle, Dick served as head of the hotel asset management team at TriMont Real Estate Advisors, LLC, where he was responsible for providing strategic asset services to major financial institutions and oversaw a portfolio totaling 170 hotels.

Dick holds the MAI designation from the Appraisal Institute and has worked on hospitality engagements throughout the U.S., Canada, the Caribbean and Europe. He is also a Counselors of Real Estate (CRE), a member of the International Society of Hospitality Consultants (ISHC) and a former president of the Hotel Asset Management Association (HAMA). He also holds graduate degrees from Cornell University and Iowa State University.

CONTACT:

Chris Daly

Daly Gray Public Relations

703 864 5553

chris@dalygray.com

JLL Capital Markets handles sale of Quorum II Plaza in Dallas’ Platinum Corridor in Addison, TX

2025-01-17T18:05:00.000-08:00

Erin Lazarus.

DALLAS, Jan. 17, 2025 –  JLL Capital Markets announced today that it has arranged the sale of Quorum II Plaza, a 77,319-square-foot shopping center in Addison, part of the Dallas Fort Worth area, in Texas.

JLL represented the seller, Westwood Financial Corporation. The buyer was Last Mile Investments. The price was not disclosed.

Adam Howells

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Adam Howells, Barry Brown and Chris Gerard and Director Erin Lazarus.

Dallas stands out as a prime destination for real estate and business, ranking as the #3 real estate market and the #1 metropolitan statistical area for projected population growth.

With a robust daytime population of 529,000 people within five miles of Quorum II Plaza, the area exudes economic potential. The combination of a low cost of doing business and a high average household income of $121,000 makes Dallas an ideal environment for entrepreneurship and investment.

Barry Brown

Quorum II Plaza, built in 1981 and situated on 5.7 acres, boasts a 93% occupancy rate, underscoring its popularity and commercial success.

Key tenants, including Verizon, Salata, Tasty Tails and Improv, alongside popular establishments like Sellinger's Powergolf, Tiff’s Treats and Jimmy John's, create a diverse tenant mix that attracts a wide array of visitors.

About Westwood Financial Corp.

Westwood Financial is a leading real estate investment platform recognized for its extensive collection of 72 shopping centers strategically located across the U.S.

sunbelt states.

Chris Gerard

Founded in 1970 by Steven Fogel and Howard Banchik, the company boasts nearly 55 years of experience investing in and operating primarily grocery-anchored and service-oriented shopping centers.

Guided by its executive management team, founders and three independent directors, Westwood Financial continues to providing investors with stable, income-generating real estate opportunities and outsized investment returns.

CONTACT:

Gréta Kieras, Senior Associate, Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

JLL Capital Markets brokers $191 million loan for Fenton, a premier mixed-use urban village project in Cary, NC

2025-01-17T14:18:00.001-08:00

Kelsey Bawcombe.

ATLANTA, GA, Jan. 17, 2025 –  JLL Capital Markets has secured a $191 million senior mortgage for Fenton, a premier mixed-use development located in Cary, North Carolina.

JLL represented the borrowers, a partnership consisting of Hines, Affinius Capital and Columbia Development, in securing the loan from New York Life Real Estate Investors.

Chip Sykes

The Raleigh-Durham Triangle area, formally known as the Research Triangle Region, is a vibrant and rapidly growing metropolitan hub home to over two million residents.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Directors Chip Sykes and Vice President Kelsey Bawcombe.

Contact:

Gréta Kieras,

Senior Associate,

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

jll.com.

JLL Capital Markets arranges sale of 656-bed Bixby Student Housing community serving Kennesaw State University in Kennesaw, GA

2025-01-15T21:17:00.000-08:00

Teddy Leatherman

DALLAS, TX –  JLL Capital Markets has arranged the sale of 656-bed Bixby Student Housing community serving Kennesaw State University in Kennesaw, Georgia. JLL represented the seller, Alden Street Capital. The price was not disclosed.

Bixby, located at 3061 George Busbee Parkway NW,
offers a prime location just 0.25 miles from
the Kennesaw State University campus.

Bixby, located at 3061 George Busbee Pkwy NW, offers a prime location just 0.25 miles from the Kennesaw State University campus. Completed in 2020, this luxury student housing community features 179 units with a mix of studio to five-bedroom floor plans.

Scott Clifton

The property boasts high-end amenities including a rooftop skydeck overlooking Fifth Third Stadium, a resort-style pool, state-of-the-art fitness center and multiple study spaces.

The student housing community has demonstrated strong performance, achieving 98% occupancy for the 2024-2025 academic year with year-over-year rent growth.

This success is backed by Kennesaw State University's robust enrolment growth, which reached a record 47,845 students in Fall 2024, marking the sixth consecutive year of expansion.

Bixby offers modern, fully furnished apartments with premium features such as 11-foot ceilings, stainless steel appliances, quartz countertops and private bedrooms with bed-bath parity. The property's 656 beds are spread across various unit types, catering to diverse student preferences.

Kevin Kazlow

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Directors Teddy Leatherman and Scott Clifton, Director Kevin Kazlow and Associate Jack Goldberger.

"Bixby represents the premier student housing offering in the Kennesaw market," said Leatherman. "The property's exceptional performance, coupled with Kennesaw State University's consistent enrollment growth, generated strong interest from investors. This transaction underscores the continued demand for high-quality student housing assets in thriving university markets."

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.

Jack Goldberger

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 Alden Street Capital

Alden Street Capital, founded in 2015, is a real estate investment company specializing in acquiring and operating student housing properties across the United States.

The firm focuses on investing in projects that require capital and asset level expertise, having contracted or acquired 23 assets representing approximately 13,500 beds.

With senior principals who have collectively invested more than $1.0 billion in equity capital across various asset classes throughout their careers, Alden Street Capital brings significant experience to its growing portfolio.

Contact:

Gréta Kieras,

Senior Associate,

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

jll.com.

JLL Capital Markets brokers sale of 752-unit Retreat at Mesa Hills in El Paso, TX

2025-01-15T20:51:00.000-08:00

Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, TX

DALLAS, TX, Jan. 15, 2025 –  JLL Capital Markets has arranged the sale of Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso, Texas. The price was not disclosed. JLL worked on behalf of the seller, JRK Property Holdings.

Steven Hahn Jr.

Retreat at Mesa Hills, located at 945 South Mesa Hills Dr., offers a prime location just off the I-10 in the sought-after Upper West Side of El Paso.

Situated on an expansive site, the property provides convenient access to abundant retail and employment centers, including the Shoppes at Solana, Sunland Plaza, the University of Texas at El Paso, The Hospitals of Providence and the El Paso CBD.

El Paso, Texas is a diverse and growing city with a population of over 690,000 as of 2023, making it the 6th largest metropolitan area in Texas and the 23rd largest city in the U.S. The area boasts strong economic drivers, including the University of Texas at El Paso, Fort Bliss Army Base and robust international trade activity.

Art Barnes

Known for its strategic location on the U.S.-Mexico border, El Paso is a major hub for foreign trade, processing over $122 billion in annual trade volume and more than 30 million border crossings.

Retreat at Mesa Hills, completed in multiple phases since 1995, is a well-maintained Class-A asset featuring 752 units in a low-density, aesthetically pleasing two-story design.

The community offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. Residents enjoy resort-style amenities including three swimming pools with a relaxing tanning deck and private cabanas, a well-equipped fitness center, two illuminated tennis courts, two sand volleyball courts, a Starbucks WiFi café, a lavish clubroom, a game room and a state-of-the-art media theater, contributing to its strong occupancy.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Steven Hahn Jr., Senior Director Art Barnes, Senior Managing Director Roberto Casas and Vice President William Jennings.

Roberto Casas

“Retreat at Mesa Hills represents an exceptional opportunity in the El Paso market given the property’s prime location, extensive amenities and value-add potential,” said Hahn. “This transaction underscores the significant investor interest and confidence in the burgeoning El Paso market.”

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

Contact:

Gréta Kieras,

Senior Associate,

Public Relations

Phone: +1 949 930 8498

Email: greta.kieras@jll.com

jll.com.

Stream Realty Partners Expands Florida Footprint with the Hiring of Industry Veterans Steve Medwin and Nick Wigoda

2025-01-15T15:49:00.000-08:00

Blake Kendrick

MIAMI, FL – Jan. 15, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces the addition of Steve Medwin, SIOR, CCIM, and Nick Wigoda, SIOR, as Managing Directors & Executive Vice Presidents in South Florida.

Bringing over five decades of combined experience, Medwin and Wigoda have a proven track record of representing institutional owners, investors, and occupiers in the industrial real estate sector.

Having worked together since 2008, they have completed over two billion dollars in transactions, earning a reputation for delivering innovative and strategic solutions that address the complex needs of industrial real estate clients.

Steve Medwin

“Adding Steve and Nick to the Stream team represents our commitment to Florida and our ambition to be a dominant force in the region,” said Blake Kendrick, Chief Operating Officer at Stream.

“Their expertise and entrepreneurial approach align perfectly with our vision to bring exceptional value to our clients. We look forward to having them drive Stream’s industrial platform in South Florida and beyond.”

With over 30 years of experience in industrial real estate, Medwin is a leading specialist in representing owners, investors, and occupiers of commercial real estate. Medwin has completed over 1,000 transactions across 25 states, covering millions of square feet and totaling more than $2 billion in value. His expertise includes landlord and tenant representation, land sales, investment sales, and ground-up development.

Nick Wigoda

“Our clients are Stream’s clients,” said Medwin. “The transition to Stream allows us to enhance the value we bring to institutional owners and investors, leveraging Stream’s robust platform and entrepreneurial mindset to identify and source opportunities, particularly off-market acquisitions and development. We are proud to join a company that was born as an industrial platform and shares our commitment to creating lasting relationships.”

Wigoda brings 22 years of experience representing top REITs, private equity firms, and corporate occupiers in South Florida and nationally.

He specializes in commercial sales and leasing transactions, including industrial investment and development strategies, and has advised clients across industries such as food products, logistics, aviation, and manufacturing.

“Stream’s agility and innovative approach make it the ideal environment for us to better serve our clients,” said Wigoda. “Florida is experiencing incredible momentum, and we are thrilled to contribute to Stream’s growth in the region. The value Stream creates for its clients through its nimble and collaborative strategies is unmatched, and we are honored to be a part of it.”

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.”

SkyREM refinances 2.5-million SF industrial portfolio with $170 million loan; JLL Capital Markets arranges financing

2025-01-15T15:08:00.000-08:00

SkyREM industrial portfolio in Northeast, Southeast and Midwest regions of the United States.

Peter Rotchford

NEW YORK CITY, NY – JLL Capital Markets has arranged $170 million in financing for the SkyREM Industrial Portfolio, a 10-building collection of primarily industrial and warehouse distribution assets located across the Northeast, Southeast and Midwest regions of the United States.

JLL represented the borrower, SkyREM, to secure the fixed-rate, five-year loan from affiliates of Apoll

Totaling approximately 2.5 million square feet, the portfolio is spread across highly sought-after markets located throughout seven states. The properties benefit from strong labor markets, low unemployment rates and positive population growth trends.

Steven Binswanger

At closing, the properties were 99% leased to 15 diverse tenants across a variety of industries, including technology, manufacturing, warehousing, logistics, aerospace and government.

Many tenants have long histories at the properties, ranging from one to 20+ years, with an average tenure of approximately eight years.

The JLL Debt Advisory team included Senior Managing Directors Peter Rotchford and Steven Binswanger, Executive Managing Director Riaz Cassum and Senior Director Lucas Borges.

Despite a national pullback in industrial leasing since the pandemic highs, the Logistics & Parcel Delivery industry was a top performer in the sector this year, driven in large part by increased Asian 3PL demand.

Riaz Cassum

In New Jersey, leasing volume in Q3 2024 came in at the second greatest level of all time, tallying 14 million square feet.

About SkyREM, LLC

SkyREM, with offices in Philadelphia and in New York City, is a privately funded and managed real estate company which owns and operates a large, diversified portfolio of properties in the United States.

As a principal for its own account, Sky is actively acquiring throughout the United States. To learn more about SkyREM please contact Marc Civitillo or James Pancetti at 212-888-6920, or visit www.skyrem.com.

For more news, videos and research resources, visit JLL’s newsroom. (JLL.com)

Lucas Borges

CONTACT:

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL Capital Markets leads sales efforts for Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, three seniors housing communities in The Villages, FL and Winter Park, FL

2025-01-13T09:51:00.000-08:00

Rendering of The Villages student housing in The Villages, FL

ORLANDO, FL –  JLL Capital Markets has closed the portfolio sale of Watercrest Buena Vista, Watercrest Spanish Springs and Watercrest Winter Park, seniors housing communities totaling 416 units in The Villages and Winter Park, Florida. The prices were not disclosed.

JLL’s Seniors Housing Capital Markets team represented the seller, Titan Development, in the sale of the properties to AEW Capital Management. The buyer retained the current operator, Watercrest Senior Living, as the third-party operator. JLL is also handling the acquisition financing on two of the assets for the buyer, which will close in January 2025.

Two of the properties are positioned within The Villages, the largest age-restricted, master-planned community in the U.S., located approximately 45 miles northwest of Orlando. The Villages is home to more than 80,000 residents over the age of 65 and has been one of the fastest growing metros in the entire U.S. for the last decade.

Watercrest Buena Vistal at The Villages, FL

Completed in 2018, Watercrest Buena Vista offers 224 units in a three-story, Class A building. The community uses the continuum of care model offering a mix of 118 independent living, 74 assisted living and 32 memory care units to age in place. Watercrest Buena Vista also offers residents a full amenity package with underground parking, a heated pool, fitness center, salon, media room, bistro and bar and a golf cart charging station.

Watercrest Spanish Springs

Watercrest Spanish Springs opened in 2016 and consists of 86 assisted living and memory care units. The three-story property features a variety of amenities, including restaurant-style dining, social gathering areas, salon services, dynamic programming and activities and wellness and exercise programs.

The third property in the portfolio is Watercrest Winter Park, a 106-unit assisted living and memory care community located in the affluent Orlando submarket of Winter Park. Built in 2019, the community features high end amenities, attracting some of the strongest rents in its market.

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

Public Relations

Phone: +1 617 543 4873

Email: kristen.murphy@jll.com

www.aew.com.

jll.com.

ATLANTIC PACIFIC COMPANIES LAUNCHES ATLANTIC PACIFIC CREDIT PARTNERS, EXPANDING INTO PRIVATE CREDIT WITH A FOCUS ON MULTIFAMILY ASSETS IN THE SUN BELT

2025-01-13T09:17:00.000-08:00

Howard Cohen

MIAMI, FL – Atlantic Pacific Companies (A|P) is proud to announce the launch of Atlantic Pacific Credit Partners, a new private credit platform designed to meet the growing demand for innovative capital solutions in the multifamily real estate sector.

This strategic expansion reflects A|P’s long-standing commitment to excellence and its continued focus on creating value within the multifamily space.

Atlantic Pacific Credit Partners will specialize in providing mezzanine debt and preferred equity investments to multifamily assets with 100+ units, focusing on the Sun Belt region, an area renowned for its dynamic growth, economic resilience, and rapidly expanding housing markets.

The new platform will deliver tailored capital solutions for multifamily sponsors and developers, optimize risk-adjusted returns for investors, and solidify A|P’s position as a trusted partner in the multifamily real estate sector.

“The Sun Belt’s strong demographic growth, thriving job markets, and increased demand for housing present significant opportunities for our new credit platform,” said Howard Cohen, CEO of A|P. “We are excited to leverage our extensive experience and expertise to play an active role in shaping the future of this vibrant region.”

Contact:

Margie Sernik

Account Manager At Large

JWI PR

MIAMI & NYC

Cell +1.786.200.2516

Margie@JWIpr.com

Facebook, Instagram and Twitter @JWIpr

Owner-user acquires industrial building in San Diego, CA area for $2 million

2025-01-12T15:36:00.000-08:00

SOLD: 5,474-square-foot freestanding industrial building
located at 110 Venture Street in San Marcos, Ca.

SAN DIEGO, CA – Confirming demand for owner-occupied industrial buildings in North San Diego County, JLL announced it represented the buyer in the acquisition of a 5,474-square-foot freestanding industrial building located at 110 Venture Street in San Marcos, California. North City Enterprise, LLC acquired the building for $2.05 million for the expansion and relocation of its business.

Chris Baumgart

JLL’s Chris Baumgart represented the buyer, North City Enterprise, LLC, in the transaction. Chris Nelson of Mathews REIS represented the seller.

“We successfully identified an off-market opportunity for our client, enabling them to secure a prime property in San Marcos,” said Baumgart, JLL Managing Director.

“This transaction not only highlights the persistent demand for owner-occupied properties in North San Diego County but also demonstrates our ability to navigate complex market conditions.”

He added: “By facilitating this purchase, we've empowered our client to expand their operations, further cementing their presence in the region."

Chris Nelson

According to JLL’s Q3 San Diego Industrial Insights Report, North County San Diego industrial fundamentals remain fairly stable with 6 percent vacancy and 56,199 square feet of quarterly net absorption.

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.”

Ware Malcomb Announces Construction Completion on FlexEtc Nashville Co-Warehousing Location in Downtown Nashville, TN

2025-01-11T15:07:00.000-08:00

Rebecca Moore

NASHVILLE, TN – Ware Malcomb, an award-winning international design firm, is proud to announce that construction is complete on FlexEtc Nashville, an office/industrial co-warehousing location.

Ware Malcomb provided interior design and branding services for the 91,380 square foot tenant improvement project, located just southeast of downtown Nashville at 1133 Polk Avenue.

From content creation studios to warehousing and logistics, FlexEtc offers a collection of contemporary warehouse spaces for businesses of all sizes with seamlessly scalable solutions in a community-centered hub. The company currently offers locations in Los Angeles, Denver, Salt Lake City, Plano TX, in addition to its Nashville location.

“Nashville presented an ideal location to realize FlexEtc’s innovative concept, and our team focused on incorporating our client’s extensive amenity program into the 7,000 square foot office component in keeping with its brand and established design language” said Rebecca Moore, Director, Interior Architecture & Design.

Ware Malcomb’s design team incorporated some of the existing building features in the new space, including large metal doors that were part of a kiln used by a previous tenant, while as much of the pre-existing lighting was re-used where possible. The building has energy efficient LED lighting throughout, and EV charging stations were added to the exterior parking area.

Andrew Capeluto

Ware Malcomb’s in-house Branding Studio worked with the company to reimagine the FlexEtc brand by introducing a refreshed visual identity and cutting-edge signage, wayfinding, and environmental graphics program that highlighted its unique value and amenities.

“This project allowed us to push creative boundaries, crafting a visual identity and wayfinding system that celebrated the FlexEtc brand’s individuality while delivering clarity, consistency and a sense of place across all environments” said Andrew Capeluto, Studio Manager, Branding.

CONTACTS:

Rachel Devany

VP Public Relations, KCOMM

for Ware Malcomb

Maria Rodgers, Director,

PR & Communications,

949.660.9128,

mrodgers@waremalcomb.com

Sean Boswell,

Public Relations Specialist,

949.788.4129,

sboswell@waremalcomb.com