JLL arranges the sale of Class A CBI Distribution Center in Southwest Charlotte, NC

                SOLD: CBI Distribution Center, a 60,000-SF

                       mission-critical logistics facility 

l                             located in Charlotte, NC   .

 

 Charlotte, NC –  JLL Capital Markets has arranged the sale of CBI Distribution Center, a 60,000-square-foot, mission-critical logistics facility located in Charlotte, North Carolina. The price was not disclosed.

Dave Andrews

JLL represented the seller, an affiliate of Zurich Alternative Asset Management, in the sale to a private investor, a family investment company based in Charlottesville, Virginia.

 The property is located at 2817 Westinghouse Blvd. and is fully leased to ONECBI, LLC, d/b/a CBI Workplace Solutions ("CBI") with 6.5 years of lease term remaining.

 

It was built in 2017 and features front-load configuration, 24-foot clear heights, nine dock-high doors, one drive-in door, 10 knock-out panels and 44 parking spaces spanning 9.880 acres.

 

CBI Distribution Center is located just two miles from the I-485/I-77 interchange, offering prime connectivity to the Charlotte MSA. 

Pete Pittroff

The property is located within ten miles of I-85, the logistics super corridor offering seamless connectivity to all the major markets throughout the Southeast including Richmond, Raleigh-Durham, Greensboro-Winston-Salem, Greenville-Spartanburg and Atlanta.

 

The JLL Capital Markets team was led by Senior Director Dave Andrews, Senior Managing Director Pete Pittroff, Director Josh McArdle and Analyst Michael Lewis. 

 

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

Josh McArdle 

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

 

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

Ware Malcomb announces San Diego, CA leadership news;Angela Ryan named Principal; Robert Park returns as Director, Architecture; Karla Middleton promoted to Studio Manager, Architecture in San Diego Office

 

Angela Ryan

SAN DIEGO, CA -- Ware Malcomb, an award-winning international design firm, announced Angela Ryan has been promoted to Principal, Robert Park has rejoined the firm as Director, Architecture and Karla Middleton has been promoted to Studio Manager, Architecture in the firm’s San Diego office. 

As Principal, Ryan is responsible for the growth and management of the San Diego Interior Architecture & Design, Retail and Healthcare studios.

Karla Middleton

She joined Ware Malcomb in 2016 and brings more than 18 years of experience to her role. Ryan is a well-rounded leader and a flexible designer with expertise in various project types, including retail, healthcare, office, education and hospitality.

 She actively participates in several industry and nonprofit organizations, including serving as Past President of the International Design Associations (IIDA) Southern California Chapter for 2020-2021.

 

Robert Park

 Ryan holds certifications from the California Council for Interior Design (CID), the Evidence-Based Design Accreditation and Certification (EDAC), and the National Council for Interior Design Qualification (NCIDQ). 

“Angela's exceptional leadership skills and dedication have made an incredible impact on our San Diego team,” said Matt Brady, Executive Vice President, Ware Malcomb. “We congratulate her on the promotion to Principal and are excited to see her contributions in continuing to grow our presence in the region.” 

 

Matt Brady

With his return to the firm as Director, Architecture, Robert Park assumes responsibility for the overall growth and management of the San Diego Architecture Studio, along with oversight of all San Diego architecture projects. He rejoins Ware Malcomb after four years as Director of Architecture for Ryan Companies, a U.S.-based industrial developer with projects nationwide. 

“We are pleased to welcome Robert back to the firm in his new role. His recent experience working on the client side provides a unique perspective that will help us grow and further develop the San Diego Architecture Studio,” said Brady. “Additionally, his project resume includes numerous industrial cold & food projects, which has emerged as one of our key nationwide specialty practices.”

  Park has more than two decades of background in master planning, entitlement, conceptual design, schematic design, design development, contract documents, and on-site project management. He earned his Bachelor of Architecture degree from Kent State University in Ohio.

 Karla Middleton brings more than 12 years of experience with ground-up construction in all types of development to her new role as Studio Manager, Architecture. She will help facilitate the growth of the multifamily sector in the West Region, while also overseeing the staffing and management of the Architecture Studio in San Diego.  

 Middleton joined the Ware Malcomb San Diego in 2019 and was immediately assigned to one of the firm’s first major senior living projects in the San Diego market. Her diverse project resume shows a range of experience in multifamily, commercial architecture, tilt-up industrial, retail, and senior living.

“Multifamily is another key practice area for Ware Malcomb, and we look forward to Karla’s continued contributions and leadership in this sector,” Brady said. “She demonstrates a keen eye for detail, tremendous versatility, and has built strong relationships with several of our key clients.”

 With a strong understanding of business operations, Middleton maximizes team efficiency while balancing the Architecture Studio workload. She earned a bachelor’s degree in interior design from the Design Institute of San Diego, and a Master of Architecture degree from the NewSchool of Architecture & Design in San Diego.

Ware Malcomb has deep roots in the San Diego region. In 2024, the firm is celebrating their 40^th anniversary in the market.

 

CONTACTS:

 

Rachel Devany

VP Public Relations,

 KCOMM for Ware Malcomb

rachel@kcomm.com

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

 

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

 

JLL Capital Markets secures development capital for the 440-unit multi-housing project located at 200 Quannapowitt Parkway along Lake Quannapowitt in Wakefield, MA

200 Quannapowitt, a 440-unit, transit-oriented
multi-housing community planned
 in Wakefield, MA

BOSTON, MA – JLL Capital Markets has arranged a capitalization for 200 Quannapowitt, a 440-unit, transit-oriented multi-housing community to be built in Wakefield, Massachusetts, on Lake Quannapowitt. Financial details were not disclosed.

Brett Paulsrud, 

 

JLL worked on behalf of the developer Cabot, Cabot & Forbes, to secure the joint venture equity with Equity Residential (NYSE: EQR).

 

The JLL Capital Markets Advisory team was led by Senior Managing Director Brett Paulsrud, Managing Director Andrew Gray and Director Mike Shepard.

 

 Upon completion, the property will feature one-, two- and three-bedroom floorplans with 18% of the units designated as affordable.

Andrew Gray

200 Quannapowitt will feature market-leading amenity options, including coworking spaces, an outdoor pool, an expansive fitness center, grilling areas on the lake, a skydeck clubhouse, commuter rail shuttle and multiple courtyards.

 Residents will benefit from the natural lake setting with walking and biking trails, as well as sailing and windsurfing opportunities.

 

Ideally located along I-95 in Boston’s thriving 128 North corridor, residents will enjoy convenient access to suburban Boston’s leading employers and amenity options while also enjoying tranquil and relaxing outdoor activities right at one’s doorstep.

 

 Mike Shepard.

“Greater Boston multi-housing fundamentals remain strong and leading institutional investors continue to focus on quality investment opportunities in the space,” said Paulsrud.

 

 “The Cabot, Cabot & Forbes team worked tirelessly with the community to prepare a project that incorporates the feedback from a wide array of stakeholders and will offer much needed rental housing to Boston’s suburbs.”

 

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 on JLL, please visit our newsroom.

 

CONTACT:

 Kristen Murphy

Director, Public Relations

JLLkristen.murphy@jll.com

 

 

Peachtree Group Announces Senior-Level Promotions

Jenelle Zadik 

  ATLANTA, GA, May 2, 2024 – Peachtree Group announces several senior-level promotions to support its strategic business initiatives. 

“We are delighted to announce our latest promotions, recognizing these team members as senior leaders within our company," said Greg Friedman, managing principal and CEO of Peachtree Group. "Investing internally in our people is key to our success, and their expertise, strong leadership, innovative thinking, and commitment represent the best of our firm."

Greg Friedman

Team members promoted to assistant vice president or above include:

Investment Team

• Kendall F. Burrus - Assistant Vice President, Debt Asset Management
• Nicholas G. Huddleston - Vice President, Loan Servicing
• Matthew C. Larre - Vice President, Portfolio Management
• John R. Schellhase - Assistant Vice President, Development Investments
• Matthew Weatherford - Assistant Vice President, Dispositions & Acquisitions

Investment Services Team

• Daniel R. Puglisi - Senior Vice President Corporate Operations, Hospitality Management
• Lee A. Shuman - Senior Vice President, Hospitality Development
• Jenelle Zadik - Senior Vice President People, Culture & Workplace Initiatives
• 
  

  

  Lee A. Shuman 

• Katherine T. Atkinson - Controller
• Eugene Barber III – Assistant Vice President, Construction and Design
• Zachary T. Bollinger - Assistant Vice President, Debt Capital Markets
• Allison Frazier - Vice President of Revenue Management
• Sean E. Hondorf - Assistant Vice President, Renovation Program
• Sophia Koehl - Vice President of Hotel Accounting
• 
  Charles Talbert - Vice President,  Corporate Communications

In early April, Peachtree Group recently elevated three senior executives to strengthen the firm’s executive leadership team: Michael Harper, president of hotel lending; Jared Schlosser, executive vice president of hotel lending and head of CPACE; and Michael Ritz, executive vice president of investments.

Daniel R. Puglisi

About Peachtree Group

Peachtree Group is a vertically integrated investment management firm specializing in identifying and capitalizing on opportunities in dislocated markets, anchored by commercial real estate.

Today, the company manages billions in capital across acquisitions, development and lending, augmented by services designed to protect, support and grow its investments. 

 

CONTACTS

 

Charles Talbert

678-823-7683

ctalbert@peachtreegroup.com

 

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.peachtreegroup.com.

 

Western Retail Advisors Will Bring Whole Foods to the Heart of Scottsdale, AZ

Rachel Bliss 

PEORIA, AZ – On behalf of Miller Plaza LLC, Phoenix-based retail brokerage specialist Western Retail Advisors has completed a 35,222-square-foot lease that will bring a new Whole Foods store to Downtown East Shopping Center, located at Indian School and Miller roads in the heart of Scottsdale.

The store will become the fifth metro Phoenix location for Whole Foods, a leading natural and organic foods retailer.

 

Jack Jakosky

Downtown East is located at 7628 E. Indian School Rd., minutes from historic Old Town Scottsdale and the upscale Scottsdale Fashion Square. The 93,000-square-foot center is presently 75% leased.

Western Retail Advisors is currently working with several national tenants to take 16,000 square feet adjacent to Whole Foods, with those lease announcements expected soon.

Eric Termansen 

“The demographics of Old Town Scottsdale and its surrounding submarkets are exceptional, and they continue to improve,” said Jakosky Properties President, Jack Jakosky.

 “Tenants have recognized this and, as a result, are actively competing for opportunities to locate here. We are thrilled to welcome Whole Foods and expect to have more announcements like this over the next few months.”

Neil Board

 Whole Foods will replace an existing Fry’s Food Store, which has leased 50,000 square feet at the center for the past 48 years.

 Western Retail Advisors Founding Partner Eric Termansen and Partner Neil Board represented Whole Foods in the lease negotiations. Ryan Desmond and Rachel Bliss of Western Retail Advisors are the center’s new listing brokers and will actively pursue shop tenants and creative office users for the remaining 8,900 square feet of vacant space.

Ryan Desmond

 “This trade area has experienced a rapid increase in high-end residential density,” said Termansen. “As each new luxury vertical residential project comes online, demand rises for top-notch prepared foods, restaurants and specialty retailers.

Rendering of new Whole Foods store, Scottsdale, AZ

"The Whole Foods at Downtown East will serve this growing demographic and give shoppers from Scottsdale, Paradise Valley, Arcadia and other nearby communities a more convenient way to access the Whole Foods brand.”

 Austin-based Whole Foods operates more than 530 stores across the U.S., Canada and the U.K. This includes ten stores in Arizona – four of which are located in metro Phoenix (Tempe, Chandler, the Camelback Corridor and Paradise Valley).

  For more information on Downtown East leasing, please contact Desmond and Bliss at (602) 778-3747.

 CONTACT

Stacey Hershauer

480.600.0195

stacey@focusaz.com