Tag Archives: transwestern

JDM Partners, Transwestern Finalize 2 Million-SF State Farm Office Deal in Arizona


State Farm has actually offered and rented back the 370,000-square-foot building it developed at 300 Rio Salado Parkway and 4 other office complex in the Phoenix city.

A collaboration between Transwestern Investment Group (TIG) and JDM Partners LLC led by principals the principals Jerry Colangelo, David Eaton and Mel Shultz has wrapped up the acquisition of Marina Heights, a five-building office campus on 20 acres from State Farm Auto Insurance at 300 – 600 Rio Salado Parkway in Tempe, AZ.

. The rate was not divulged, although the sale-leaseback deal was valued in one report by a local media outlet at about $928 million. The Tempe deal is the 3rd in a series of sale-leasebacks undertaken by the huge insurance provider. Last fall, State Farm offered its 2.2 million-square-foot campus in the CityLine job in Dallas and traded the 591,000-square-foot State Farm campus in Atlanta this past summertime.

State Farm constructed the five office complex ranging from 271,000 square feet to 620,000 square feet in 2015 and 2016, inning accordance with CoStar info.

The Corporate Characteristics Trust III LP collaboration’s acquisition is located in between Arizona State University and Tempe Town Lake. The LEED-certified Marina Heights portfolio is prepared as a future stop for the Tempe Streetcar, linking the school to the close-by airport, downtown and main Phoenix.

“Our company believe the ownership structure advantages all parties in the transaction, with stable cash flows generated from the long-term lease with State Farm and stable, long-lasting ownership and management for the tenants,” Transwestern Financial Investment Group Senior Handling Director Collin Comer stated in a declaration.

A wholly owned subsidiary of TIG will handle the investments. Transwestern also manages the State Farm properties acquired in the Dallas and Atlanta sale-leasebacks. JDM Partners CEO Mel Shultz said his company and investors anticipate an ongoing relationship with State Farm throughout the United States

King & & Spalding functioned as legal advisor in the Marina Heights trade and Eastdil Guaranteed encouraged on the protecting of debt capital.

For more information on the deal, please see CoStar COMPs # 4074574.

CoStar'' s People of Note (Aug. 25) – CBRE, Transwestern Promote Regional Leadership while Cushman Adds Leasing, Capital Markets Talent

The following business revealed workers relocations today: CBRE, Transwestern, Cushman & & Wakefield, Kidder Mathews, Irvine Cos., Ware Malcomb, MB Realty, Duke Realty, Berger Commercial Real estate, Signature Associates and CRE Consultants. It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promos. This week’s problem consists of the following markets: Northern New Jersey, Chicago, Boston, Austin, Orange County, South Florida, Detroit/ Grand Rapids and Southwest Florida.

NORTHERN NEW JERSEY
Wagner to Lead CBRE’s NJ
Job Management

Group By Justin Sumner CBRE Group, Inc. has actually promoted Eric Wagner to leader of its New Jersey project management group. In his brand-new function, Wagner will concentrate on company advancement, growing CBRE’s job management offerings and enhancing industrial task management services for nationwide customers.

Wagner has more than 25 years of experience in the design and construction market, including five years at SJP Properties as vice president of advancement. He has dealt with big interior fit-outs, building repositioning and retail projects for a client list that consists of the similarity BMW, EY, Deutsche Bank and H&M.

CHICAGO
Transwestern Taps Two to Lead Midwest Asset Services Group By Derek Babb

Micah Larmie and Katie Sakach(pictured, right)have actually been promoted to co-leaders of the Midwest property services group at Transwestern. The newly-created functions will see Larmie and Sakach supervise Transwestern’s Midwest property management portfolio.

Larmie joined Transwestern in 2014 as vice president and basic manager. Sakach pertained to Transwestern in 2003 and most just recently worked as vice president and basic manager.CoStar’s People

of Note is released each Friday covering the most recent industrial property executive level promos and new hires.Click on the headline of each article to jump
to full coverage.Follow the news on Twitter @TheCoStarGroup and
@JSumner2. Send brand-new executive employs and promostatements to news@costar.com!.?.!. BOSTON O’Regan Go back to Cushman & Wakefield Boston By Michael Martin Tom O’Regan has rejoined the Boston workplace of Cushman & Wakefield, where he will enter the role of executive director within the company’s downtown Boston leasing team. The 20-year industry veteran served as a director with Cushman & Wakefield early in his commercial property career prior to going on to

operate at Richards Barry Joyce Partners as an executive director and most recently at JLL as a managing director. Before that O’Regan invested 15 years as a professional hockey player. AUSTIN
Cushman & Wakefield Recruits Capital Markets Team By Michael Greenhill Cushman & Wakefield
reinforced its institutional and private customer investment sales protection in Central and South Texas with the addition of Todd Mills, Carrie Caesar and Hunter Mills(imagined, right). The trio joins Cushman & Wakefield from CBRE, where the group was acknowledged as one of the most successful capital markets groups in the area. NORTHERN NEW JERSEY Meisel Signs up with CBRE By Kevin Carder CBRE has actually hired Jon Meisel as a senior vice president, signing up with the company’s office leasing group in its East
Brunswick, NJ office,where he will mainly be renting office space and assisting the data center services group with business data center deals. Meisel was previously with JLL, where he was an establishing member of the business’s New Jersey workplace, ultimately ending up being the head of JLL’s New Jersey firm group. His profession also consists of a certification as a mechanical engineer. Meisel was involved in more than 10 million square feet of renting transactions in his 13-year profession with JLL. ORANGE COUNTY Brombal, Rhee Join Kidder Mathews By Ryan

Foster
Steven Brombal has joined Kidder Mathews as a senior vice president and is joined by Joshua Rhee(pictured, right)as an associate vice president in the company’s Irvine, CA office. Brombal and Rhee will continue their long-time partnership, concentrating on multifamily investment homes throughout the Greater Orange County location. Prior to signing up with Kidder Mathews, the duo

was at Berkadia Realty Advisors in Irvine. CHICAGO Irvine Cos. Names New Senior Leasing Director in Chicago

By Devon
Munos Gregory Tait has actually been named senior renting director for Irvine, CA-based The Irvine Co.’s Chicago holdings. Tait will manage renting for a portfolio that consists of One N. Wacker, 300 N. LaSalle and 71 S. Wacker-three 40-story trophy workplace towers that amount to more than 4 million square feet in downtown Chicago. Tait spent the last eight years overseeing day-to-day leasing activity for 4.5 million square feet of workplace in Chicago, in addition to a 1.2 million-square-foot high-rise as a member of Tishman Speyer. Cushman & Wakefield Purchases Out 10 NorthMarq JVs, Then Obtains Toronto-Based 20 VIC Management By Randyl Drummer ORANGE COUNTY Heisler Promoted to VP at Ware Malcomb By Justin Sumner Ware Malcomb has promoted Ted Heisler to vice president of interior architecture and style
in the company

‘s Irvine, CA workplace, where he will grow the department nationwide and lead its business accounts and interiors advisory group. CHICAGO MBRE Promotes Toenjes to VP By Ross Peterson MB Property promoted Brian Toenjes to vice president of job services, a department accountable for the advancement of more than$300 million worth of business, life sciences, healthcare, education and property tasks. ORANGE COUNTY Duke Realty Employs Bagnall as VP By Justin Sumner Jonathan Bagnall has actually joined the Southern California workplace of Duke Real estate Corporation as a vice president of building, where he will supervise all elements of
the Southern California workplace’s building and construction operations. SOUTH FLORIDA Giananti Signs up with Berger By Grace Gutowski Gregory Giananti has actually joined Berger Commercial Realty as a job supervisor with the company’s Miramar, FL office. Giananti has 14 years of experience in preparation and resource management for industrial building jobs. DETROIT/ GRAND RAPIDS Signature Signs Zeid as Task Manager By Astrid Payne Signature Associates worked with Joshua Zeid as its brand-new special tasks manager for its residential or commercial property asset management group based from the Southfield, MI office. Prior to that Zeid worked in the customer bundle items industry. SOUTHWEST FLORIDA Eagle Lands at CRE Specialists By Justin Sumner Dane Eagle has actually signed up with CRE Experts as a broker partner in the company’s Fort Myers, FL workplace, where he will focus on industrial office
, retail and land deals across the Cape Coral submarket while expanding the company’s base in Southwest Florida. Follow the news on Twitter @TheCoStarGroup and @JSumner2. Have a look at last week’s edition of People of Note.