jim.mcaleese@cushwake.com

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So far Jim McAleese has created 287 blog entries.

Cushman & Wakefield Wins Two International TOBY Awards, Including One in Miami

6100 Waterford in Miami is one of the Cushman & Wakefield managed properties honored at the Building Owners and Managers Association's 2018 International TOBY Awards The Outstanding Building of the Year (TOBY) Awards is the most prestigious and comprehensive program of its kind in the commercial real estate industry MIAMI, JULY 16, 2018 – 8200 Tower in Bloomington, Minn. and 6100-6303 Blue Lagoon Drive in Miami, both Cushman & Wakefield managed properties, received international TOBY® Awards from the Building Owners and Managers Association (BOMA). The Outstanding Building of the Year (TOBY) Awards recognize quality in commercial buildings and excellence in building management. Buildings are judged on all facets of operations, from community involvement to tenant relations, site management, and environmental and green policies and procedures. “Winning International TOBY Awards is a true testament to Cushman & Wakefield’s commitment to driving value at our managed properties,” said Marla Maloney, [...]

2018-07-18T11:49:39+00:00 July 16th, 2018|In the News, Press Release|

Cushman & Wakefield Negotiates Sale and Financing of Kendall Summit Office Park

Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $34.75 Million Disposition on Behalf of TA Realty. Jason Hochman Secured a $26 Million Acquisition Loan for the Buyer, COFE Properties MIAMI, FL, June 29, 2018 — Cushman & Wakefield has negotiated the sale and financing of Kendall Summit Office Park, a six-building office campus in the dense Kendall micro-market of Miami-Dade County. The Cushman & Wakefield Capital Markets team of Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Boston-based TA Realty. Miami-based COFE Properties acquired the 173,661-square-foot office park for $34.75 million ($200 per square foot). Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance Group assisted COFE Properties in securing a $26 million non-recourse acquisition loan with a low interest rate. The loan provided funds at closing and additional proceeds for future property renovations and leasing costs. Kendall Summit Office Park was developed between [...]

2018-06-29T14:26:11+00:00 June 29th, 2018|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Secures $20M Acquisition Loan for Fountains of Miramar

The Equity, Debt & Structured Finance Team of Chris Lentz and Jason Hochman Secured the Loan on Behalf of Stockbridge Capital MIRAMAR, FL, June 26, 2018 — Cushman & Wakefield secured $20 million in financing for the acquisition of Fountains of Miramar, a ±140,000-square-foot shopping center in Broward County. The Equity, Debt & Structured Finance team of Chris Lentz and Jason Hochman, representing Stockbridge Capital, secured a long-term, non-recourse loan with a low, fixed interest rate from NY Life Insurance. Fountains of Miramar is a 139,329-square-foot, best-in-class community shopping center developed in 2005 on a 15.26-acre site at 2905–3161 SW 160th Avenue in Miramar. The property, anchored by Ross, Marshalls and HomeGoods, is 93% occupied. Fountains of Miramar is located at the northeast corner of Dykes Road and Miramar Parkway, just west of the Interstate 75-Miramar Parkway interchange. The center serves a roughly three-mile radius with an average household income of $96,524 and a population of 121,826 that is projected to grow [...]

2018-06-26T16:21:35+00:00 June 26th, 2018|In the News, Press Release, Retail|

Cushman & Wakefield Negotiates Sale and Financing of ADT’s Headquarters​

Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $42.05 Million Disposition on Behalf of RAIT Financial Trust. Jason Hochman Secured a $28.6 Million Acquisition Loan for the Buyer, PEBB Enterprises BOCA RATON, FL, June 19, 2018— Cushman & Wakefield has negotiated the sale and financing of ADT Inc.’s 171,489-square-foot global headquarters at 1501 Yamato Road in Palm Beach County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Philadelphia-based RAIT Financial Trust. In a joint venture partnership, Boca Raton-based PEBB Enterprises and Chicago-based Tortoise Properties, LLC acquired the asset for $42.05 million ($245 per square foot). Jason Hochman, of Cushman & Wakefield’s Equity, Debt & Structured Finance Group, assisted the PEBB/Tortoise team in securing a $28.6 million, non-recourse acquisition loan with a low interest rate and flexible prepayment terms. 1501 Yamato Road was developed in 1983 on a ±10-acre site in southeast Palm Beach County. [...]

2018-06-19T14:16:19+00:00 June 19th, 2018|In the News, Office, Press Release|

At Airport North Logistics Park: Cushman & Wakefield Negotiates 69,000-SF Expansion, 106,000-SF Build-to-Suit Breaks Ground

MIAMI, May 29, 2018 – Neutralogistics has expanded its lease at Airport North Logistics Park (ALP) by 68,787 square feet, bringing the 900,000-square-foot, Class A, master-planned industrial project to 75 percent leased. The Miami-based logistics company already occupies 105,920 square feet at Building 1 and will be expanding into Building 2. Cushman & Wakefield Executive Director Wayne Ramoski, Director Gian Rodriguez and Senior Associate Skylar Stein, as exclusive leasing agents for the property, represented the landlord, Dallas-based L&B Realty Advisors, LLC in the lease negotiations. Juan Ruiz with Blanca Commercial Real Estate represented the tenant. “The property’s premier location with unique access to expressways and other major business hubs aligns with Neutralogistics’ strategic business objectives and expansion plans over the next few years,” said Alex Tellez, Founder and CEO of Neutralogistics. The expansion, finalized in late April, marks the third lease in as many months to be signed at ALP, [...]

2018-05-30T11:28:41+00:00 May 29th, 2018|Florida, In the News, Industrial, Press Release|

Cushman & Wakefield Negotiates Sale of Core Palm Beach Mixed-Use Asset

Dominic Montazemi, Scott O’Donnell, Greg Miller, Mark L. Pateman and Robert Klecinsky Negotiated the Disposition of 249 Royal Poinciana Way on Behalf of MD Ventures of Palm Beach PALM BEACH, FL, May 22, 2018 — Cushman & Wakefield has negotiated the sale of 249 Royal Poinciana Way, an iconic, mixed-use property located in the heart of world-famous Palm Beach. The Cushman & Wakefield Capital Markets team of Dominic Montazemi, Scott O’Donnell, Greg Miller, Mark L. Pateman and Robert Klecinsky represented MD Ventures of Palm Beach in the sale of the asset. West Palm Beach-based Armata Holdings acquired the 5,576-square-foot building for $3,968,000 ($712 per square foot). 249 Royal Poinciana Way was developed in 1922 on a ±0.14-acre site. The two-story building comprises 2,912 square feet of ground-floor retail and six recently renovated, second-story residential micro-units totaling 2,664 square feet. The building was 95% occupied at the time of sale. Notable retail tenants include Grace Boutique, Lil Rapunzel’s and Peterbrooke Chocolatier. The building’s location offers direct frontage on Royal Poinciana [...]

2018-05-24T13:04:45+00:00 May 24th, 2018|In the News, Press Release, Retail|

Cushman & Wakefield Represents Steelbridge in Two Leases Totaling 32,000 SF at Cypress Financial Center in Fort Lauderdale

The Leasing Team of Travis Herring and Katherine Ridgway Negotiated a New Lease with Patriot National and a Renewal/Expansion with Marcus & Millichap FORT LAUDERDALE, FL, May 16, 2018 – Cushman & Wakefield has negotiated one new lease and one renewal/expansion totaling approximately 32,000 square feet at Cypress Financial Center. The 198,528-square-foot, Class A suburban office building is in Fort Lauderdale’s Cypress Creek submarket. The office leasing team of Executive Director Travis Herring and Director Katherine Ridgway represented the landlord, Steelbridge, in the lease negotiations. The tenants are Fort Lauderdale-based insurance company Patriot National, represented by Stiles Realty, and commercial real estate firm Marcus & Millichap, represented by Cresa. Patriot National leased a 18,828-square-foot space, relocating its headquarters from 401 E. Las Olas Blvd. Marcus & Millichap renewed its lease and expanded by 1,000 square feet for a total of 12,851 square feet. With these leases, Cypress Financial Center is [...]

2018-05-22T14:46:05+00:00 May 22nd, 2018|In the News, Office, Press Release|

Cushman & Wakefield Secures Three New Leases at Renovated BayView Corporate Tower in Fort Lauderdale

Leasing Team of Deanna Lobinsky and Chase Kulp Represented Bridge Commercial Real Estate FORT LAUDERDALE, FL  – Cushman & Wakefield has negotiated three leases totaling 20,000 square feet at BayView Corporate Tower, a recently renovated office building in Fort Lauderdale with 412,520 square feet of Class A office space. The office leasing team of Executive Director Deanna Lobinsky and Associate Chase Kulp represented Bridge Commercial Real Estate in the lease negotiations. The tenants are Rissman, Barrett, Hurt, Donahue, McLain & Mangan PA with 14,559 square feet, Pierson Grant Public Relations, Inc. with 3,757 square feet, and Webb-Mason Inc. with 1,467 square feet. Bridge Office, a subsidiary of Bridge Investment Group, acquired BayView Corporate Tower in September 2016 and recently completed a $5 million renovation program to enhance and modernize the property. Improvements include a roof replacement, new landscaping, and updates to the entryway, lobby, common areas and restrooms. Bridge also [...]

2018-05-21T15:04:51+00:00 May 21st, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates Two Leases at Broward International Commerce Center

The South Florida Industrial Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Secured Warehouse and Distribution Leases with Custom Service Distribution and Great HealthWorks DANIA BEACH, FL, May 9, 2018— Cushman & Wakefield has secured two new warehouse and distribution leases with Custom Service Distribution and Great HealthWorks totaling more than 20,000 square feet at Broward International Commerce Center. The South Florida Industrial team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister negotiated the leases on behalf of Troy, MI-based building owner Broward International Commerce Park, Limited Partnership. Broward International Commerce Center is a four-building warehouse and distribution campus totaling 251,799 square feet. The buildings were developed between 1996 and 2011 on a 22.3-acre site at 241–349 North Bryan Road in Dania Beach. The buildings offer visibility from Interstate 95 and immediate access to the interstate via both Griffin Road and Stirling Road. Broward International Commerce Center is also proximate to Design Center [...]

2018-05-14T17:00:48+00:00 May 10th, 2018|In the News, Industrial, Press Release|

Global Luxury Brand Renews, Expands to 30,000+ SF at 100 Biscayne Boulevard

Cushman & Wakefield Represented Landlord East End Capital in Negotiations MIAMI, April 30, 2018 – LVMH, a global and recognized leader in high-quality products, has renewed and expanded its lease at 100 Biscayne Boulevard in Miami. The company employs approximately 125 people in its Miami office and now occupies over 30,000 square feet in the building. Cushman & Wakefield Managing Director Gordon Messinger represented the landlord, East End Capital, in the lease negotiations. East End Capital purchased 100 Biscayne in 2016 and is investing more than $10 million to reposition the property, which boasts spectacular views across Bayfront Park all the way to Miami Beach and beyond. “LVMH’s long-term commitment and expansion is a testament to East End Capital’s vision for 100 Biscayne and its planned upgrades,” said Messinger. “100 Biscayne’s central location in the heart of Downtown Miami and upcoming improvements are in-line with what tenants in the creative, [...]

2018-05-09T18:14:25+00:00 May 9th, 2018|In the News, Office, Press Release|