Jones Lang LaSalle unveiled a new integrated facilities management program, called “IFM on Demand.” The program offers a fully scalable integrated facilities management model designed to drive cost and time savings.
IFM on Demand is delivered through a cross-functional team of facility specialists that provide the benefits of a dedicated management team, but through a more flexible model. It provides companies with access to services while eliminating the administrative burden through a centralized workflow, call center resources, on-demand engineering services, cost and contract management and access to Jones Lang LaSalle’s real estate experts.
Services offered through IFM on Demand include facilities management, workflow management, vendor management, finance and accounting, reporting, office services, lease administration, variable project management, space and occupancy planning and energy and sustainability initiatives.
IFM on Demand is particularly well-suited for companies with multiple small offices across a number of regions or retailers and similar organizations with multi-site portfolios.
Fossil, a global wholesale retail company, will implement IFM on Demand across its 471,000-square-foot U.S. retail portfolio this year.
“In today’s complex real estate management environment, many organizations are stuck between being overinvested in dedicated resources to manage their portfolio and inefficiently managing their portfolio at the individual site level without the benefits of scale and leverage,” said Chris Browne, international director of the IFM business, in a statement. “With IFM on Demand, we can now mitigate between these two extremes so companies who couldn’t afford traditional IFM services in the past now have a viable—and impactful—option.”
Browne, along with Josh Cohen, Richard Peet and Lance Drenning helped design IFM on Demand. In separate news, Jones Lang LaSalle Retail hired Andrea Kenney as vice president and leasing specialist for the Atlanta market and John Lambert as vice president and regional leasing director for Atlanta and Florida markets. Both will be based in the firm’s Atlanta office. Kenney has more than 25 years of experience in the shopping center industry. Previously, she worked as vice president of leasing at Pellerin. Lambert has 20 years of experience in real estate. Prior to joining Jones Lang LaSalle, he served as partner with Progressive Development Services.
KeyBank Real Estate Capital Appoints Head of Capital Markets
KeyBank Real Estate Capital promoted Angela Mago to executive vice president and head of its KeyBank Real Estate Capital Markets division. In her new position, Mago will oversee approximately 100 professionals across the U.S. and will be responsible for all off balance sheet capital markets activities, including agency lending, commercial mortgage backed securities (CMBS) and life company products.
Mago has more than 20 years of experience in finance. She joined Society National Bank, one of KeyCorp’s predecessor companies in 1987. In March 2003, she was appointed as national manager for KeyBank Real Estate Capital’s healthcare group. While in that role, Mago managed a $2 billion healthcare portfolio and directed the sale efforts of 22 professionals on a national basis.
“Angela has a wealth of experience and has earned the respect of her peers in the industry for her expertise and leadership,” said E. J. Burke, executive vice president and group head of KeyBank Real Estate Capital and Corporate Banking Services, in a statement. “Key is fortunate to have a deep and talented group of senior professionals leading its real estate capital line of business. I look forward to having Angela as part of our management team.”
Madison Marquette to Redevelop LA’s Continental Graphics Building into Mixed-Use District La Brea
Madison Marquette will redevelop the historic Continental Graphics building in Los Angeles into District La Brea, an 11-building, 85,000-square-foot mixed-use project. Madison Marquette acquired the property in 2008 as part of its Madison Marquette Retail Enhancement Fund. The company already signed several retail concepts at the District, including Feal Mor, What Goes Around Comes Around and Sycamore Kitchen.
“We’re looking to expand a little bit of SoHo that has existed on La Brea,” said Tom Gilmore, executive vice president of Madison Marquette, in a statement.
Boscov’s Getting Facelift at New Jersey’s Monmouth Mall
Boscov’s is undergoing a $30 million renovation and expansion at its 265,000-square-foot store at Monmouth Mall in Eatontown, N.J. The project includes a total interior renovation, a building purchase to accommodate Boscov’s new needs and other capital expenditures. Eatontown Monmouth Mall LLC, a joint venture of affiliates of Vornado Realty Trust and Kushner Cos., owns the mall.
Hobby Lobby Signs Deals to Move into Former Mervyns Stores in California
Wilson Commercial Real Estate negotiated three leases for Hobby Lobby at buildings previously occupied by Mervyns. The deals total 227,450 square feet.
The retailer signed a 10-year lease for a 76,211-square-foot store at Palm Plaza Shopping Center in Temecula, Calif.; a 10-year lease for a 74,991-square-foot store at Terra Vista Town Center in Rancho Cucamonga, Calif.; and a 10-year lease for a 76,248-square-foot store at Placer Center Plaza in Roeville, Calif.
Scott Burns and Shauna Mattis, of Wilson Commercial Real Estate, represented the landlord, Inland Western MDS Portfolio LLC, a subsidiary of Inland Western Retail Real Estate Trust Inc., in the transactions. Lea Clay Park and Solomon Ets-Hokin, of Studley Retail Services, represented the tenant.
Publix Opens New Store at Sarasota Village in Florida
Publix opened a new 45,600-square-foot store at Sarasota Village in Sarasota, Fla. The grocer has been a tenant at the center since 1972, operating a 36,960-square-foot store. It redeveloped and expanded its space when owner Brixmor Property Group began a center-wide redevelopment project in 2010. The opening of the new Publix marks the completion of the project, which also included improvements to the building facades, new landscaping, lighting and an improved parking field.
In a separate announcement, Brixmor Property Group appointed Timothy J. Bruce as executive vice president of leasing and redevelopment and as a member of the company’s management committee. In his new position, he will be responsible for the strategic and day-to-day oversight of leasing, national accounts, redevelopment and ancillary income for Brixmor’s portfolio of 585 community and neighborhood shopping centers. Bruce has more than 25 years of experience in retail real estate. Previously, he held positions with Developers Diversified Realty, Acadia Realty Trust and Westfield LLC.
In other company news, The Dental Center signed a 2,400-square-foot lease with Brixmor Property Group at Elkhart Market Centre in Goshen, Ind. Therese Geise, of CB Richard Ellis, represented the tenant in the transaction. Eric Koche served as in-house representative for Brixmor.
Regency Signs Two New Tenants at Diablo Plaza in San Ramon
Regency Centers leased 13,315 square feet of space at its Diablo Plaza property in San Ramon, Calif. Beverages & more! signed a lease for 12,015 square feet. The retailer plans to open this fall. West Coast Gold Buyers signed a 1,300-square-foot lease. It is already open. Ranfie Ancelovici served as an in-house representative for Regency in the transactions, with help from Gwen White, of Cornish & Carey. Richard Odenheimer, of MRE Commercial Real Estate, represented West Coast Gold Buyers. Matt Alexander, of SRS Real Estate Partners, represented Beverages & more!
Sperry Van Ness Racks Up New Franchises
Sperry Van Ness International added nine new franchises. The independently owned and operated franchises include SVN/First Guardian Group in San Jose, Calif.; SVN/Realsite Group in New York City; SVN/Promus Commercial in San Diego, Calif.; SVN/Bluestone & Hockley in Portland, Ore.; SVN/Valley Commercial Real Estate in El Centro, Calif.; SVN/Resort Management LLC in Las Vegas, Nev.; SVN/Hayoun in Boulder, Colo.; and SVN/The Genesis Group in Nashville, Tenn.
api(+) Redesigns Palm Harbor Supermarket
api(+) designed a new interior for Sweetbay Supermarket in Palm Harbor, Fla. The design repositions the brand to appeal to a slightly younger and more price-conscious consumer, with a palette of food-inspired colors, highly finished modern materials and a combined seafood and meat service areas to save operational costs and create a market atmosphere.
Englewood Tapped for Build-Out, Remodels in the Midwest
Englewood Construction has been signed to build several new projects throughout the Midwest. All of the projects are scheduled for completion before the end of the year.
Englewood will build-out a 13,345-square-foot Advance Auto Parts store at 7324 N. Western Ave. in Chicago, Ill. Shive-Hattery Architects will serve as the architect on the store.
In addition, Englewood will handle four remodel and maintenance projects on behalf of Noodles & Company. The stores are located in Madison and Pewaukee, Wis., and Overland Park and Olathe, Kan. The Wisconsin restaurants will undergo “open remodels,” while the Kansas restaurants will get new HVAC rooftop units and exhaust fans.
Other Notable News
Glackamas County Community Health signed a lease with Regency Centers for a 12,129-square-foot lease at Sunnyside 205 in Clackamas, Ore. The business is slated to open in December 2011.
Deloitte Corporate Finance LLC hired Martin Battaglia as a leader in its national capital advisory practice. Battaglia will be based in the firm’s Chicago office. He has 27 years of experience in general, secured and asset-based lending. Previously, he served as CEO of an international organization specializing in asset valuation, monetization, investment and advisory services.
Faris Lee Investments hired Terry Thompson as managing director of business development. In his new position, Thompson will be responsible for institutional client growth on a national basis and account management. He has 25 years of experience in real estate. Previously, he worked as partner in charge of acquisitions with WCB Properties.
S.L. Nusbaum Realty Co. hired C. Cheyney Cole, Jr. In his new position, Cheyney will specialize in brokerage and development opportunities throughout the Hampton Roads region. He has more than 20 years of experience in commercial real estate and previously worked for Harvey Lindsay Commercial.
Glendale Galleria in Glendale, Calif. appointed Larry Martin as general manager and Deborah Hearn as associate general manager. Martin has more than 20 years of experience in property management. Previously, he served as senior general manager for Montclair Plaza in Montclair, Calif. Hearn also has 20 years of experience in real estate. Prior to joining Glendale Galleria, she worked for Prime Locations Inc.