Greetings!
Welcome to another jam-packed edition of the Holladay Properties corporate newsletter. In this issue, you will find details on new developments in Indianapolis and Nashville, as well as updates on a few other large projects. We also have lots of lease announcements, a new third-party contract, another award for our Florida brokerage team, and a recap of recent community service events, including our 2021 Spring Service Week. Continue reading below for all this and more.
We are always happy to get feedback on our newsletter, and would love to hear from you. You can reach out to a Holladay team member you know, or reply to this email with your comments and questions.
Finally, next Monday is Memorial Day and we want to wish everyone a happy and safe Memorial Day weekend.
Thank you and enjoy!
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Development News
New Projects:
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Northpoint - Holladay's Indianapolis office has unveiled plans to spend $25.5 million to develop three speculative industrial buildings in the Northpoint Industrial Park in Westfield, IN. The first building, Northpoint One, a 182.500 square foot industrial facility, is expected to break ground in July, with delivery anticipated in Spring 2022. Continue reading...
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Donelson Plaza - Holladay's Nashville office is ready to begin work on a new, four-story, 74-unit apartment building and a three-story townhome development at Donelson Plaza. Holladay has been redeveloping the 11-acre shopping center since acquiring the property in 2018. Continue reading...
Project Updates:
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Winding Brook Industrial - Holladay Properties is building a 100,000 square foot industrial building within the Winding Brook Business Park in Ashland, VA. Installation of the tilt-up concrete wall panels is now underway, with project delivery expected in August. The development is a joint venture with one of the major land owners at Winding Brook.
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Lilac Station - Holladay Properties' newest mixed-use multi-family residential development in Lombard, IL will be breaking ground in June. The 2.2-acre site will be home to a four-story, 118-unit luxury apartment building featuring 3,700 square feet of ground floor retail space. The property will also be home to a 10,800 square foot commercial building occupied by Prairie Food Co-Op, a community grocery store.
In the News:
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AmeriPlex at the Crossroads - Holladay's 386-acre mixed-use development in Merrillville, IN is making headlines again. Domino's, a national pizza chain, has announced plans to build a $50 million regional pizza dough production and warehouse facility in the business park. Continue reading...
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Management & Operations News
New Contract:
- Holladay Properties has entered into a marketing and development services agreement to assist Montgomery County, Indiana in the development of a business park. The three-year contract includes properties in key growth areas of the county. The agreement with the Montgomery County Redevelopment Commission went into effect on April 15, 2021. As part of the agreement, Holladay will secure between 50 to 100 acres of land for development, as well as market the region to attract developers and businesses.
Awards:
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Holladay Properties' Florida brokerage team has won another CoStar Power Broker Quarterly Deals Award as a result of a 5,638 square foot lease to SimonMed Imaging. Brian Wilcox, Director of Brokerage Services (Winter Park, FL) and Matt Poncy, Director of Brokerage Services (Plantation, FL) represented the landlord, Catalyst Healthcare Real Estate, in the lease deal. Continue reading...
Lease Announcements:
- Best Value Healthcare has extended their lease term by 59 months, as well as adding 1,245 square feet to their leased space at the Bayfront Medical Plaza in downtown St. Petersburg, FL. The tenant will be relocating from Suite 603.590 to Suite 601.530. The group's extensive experience managing Medicare Advantage populations has fueled their growth, which has led to this expansion.
- Bosak Automotive has signed a 36-month lease in The Haskell Building at 6101 Cleveland Avenue in Michigan City, IN. The 8,000 square foot space will be used for automobile photography and washing for the automotive dealership located nearby. The new lease brings the 64,000 square foot light industrial facility to 87% occupancy.
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Barley Properties and Holladay Properties are pleased to announce another new tenant leasing space in Barley Properties' new 65,592 square foot multi-tenant flex building located at 2650 Barley Road in Valparaiso, IN. Mauser Packing is leasing 25,110 square feet in the building, which will house its sustainable packaging business serving industries throughout Northwest Indiana. Continue reading...
Management News:
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Holladay Properties has added 506,961 square feet to our third-party healthcare management portfolio. Healthpeak, a real estate investment trust and one of our largest property management clients, recently purchased nine buildings, located in Minnesota, Illinois, and Virginia and has hired Holladay to provide full property management services for the properties. Jolene Butzke, Director of Property Management (Minneapolis, MN) will lead management of the new portfolio. Rene Vargas, Property Manager (Bolingbrook, IL) will oversee the properties in Illinois, and Chris Holden, Senior Property Manager (Reston, VA) will oversee the properties in Virginia.
Operations News:
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Holladay's Chicagoland office is moving. The team is relocating to 1 N Walker Avenue in Clarendon Hills, IL. Holladay Properties and Holladay Construction Group will occupy the new space beginning June 1, 2021.
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Associate News
New Hires:
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Holladay Properties is pleased to welcome Jillian Koeneman as a Senior Marketing Director, based at the South Bend, IN office. Jillian comes to Holladay from Ben's Pretzels and brings 17 years of marketing experience to her new role. She will be tasked will expanding Holladay's presence in several key markets and helping to develop new strategies to bring Holladay's vision of becoming a 100-year-old company to fruition. Welcome, Jillian!
Staff Shout-Outs:
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Shelby McCurdy, Assistant Property Manager - Centennial Campus (Nashville, TN) has completed the required coursework and passed the test to obtain her real estate license. Shelby now has an Associate Agent Real Estate License from the State of Tennessee. Congratulations, Shelby!
Now Hiring:
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In the Community
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(Nashville, TN) - Holladay Properties, along with the Nashville Public Library, the Civic Design Center, HIP Donelson, and the Donelson Hermitage Chamber of Commerce sponsored Donelson Plaza Palooza on May 22. The event was designed to build excitement for the redevelopment of Donelson Plaza, as well as the new library branch, and featured live music and entertainment, including a variety of puppet shows. Donelson Plaza businesses had booths at the event to present plans, and get feedback on the redevelopment. Micah Williams, Property Manager, was instrumental in coordinating the event, and manned a table during the event with Jennifer Eaton, Property Manager, and Benton Smothers, VP-Development, to give out bottled water and answer questions about Donelson Plaza Phase II. Thank you for your efforts, Micah, Jennifer and Benton!
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(DuPage County, IL) - On Wednesday, April 28, Drew Mitchell, VP-Development, and Michael Stimac, a Holladay Construction Group project manager, teamed up to deliver a virtual presentation to construction students at the College of DuPage. The pair described the lifecycle of budgeting and construction documents, the estimating process, and change orders. Well done, Drew and Michael!
- Holladay celebrated its first annual Spring Service Week from May 3 - 7. Several Holladay offices participated in coordinated events in Indiana, Illinois and Nashville, while smaller offices were encouraged to coordinate their own events. The final stats from the week were amazing. Way to go, Team Holladay!
- 53 units of blood were collected, which equals 159 lives saved!
- 719 pounds of food were donated.
- Holladay volunteers packaged 16,870 meals for delivery to local food banks and families.
- 27 bags of clothes were donated.
- 1 sandbox was donated for special needs preschoolers.
- 1.66 tons of trash were collected in Indianapolis (special thanks to Ray's Trash and Troy Terrill for donating the dumpster).
- Holladay associates volunteered a total of 565 hours!
- Our efforts impacted 14 different community organizations!
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Holladay Health Corner
Tips for professional health
by Tiffany Coursey, SVP-Human Resources (Nashville, TN)
At Holladay, Health is one of our core values. Our definition of Health is wholistic, and includes physical, financial, mental, as well as professional health.
There are many ways to invest in your professional health. Investing in your professional health involves setting careers goals, continuing education, and planning. Throughout my career, I have found that professional health requires both my own investment in my development, as well as my organization’s support.
Below are a few of my own best practices for investing in professional health:
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Set goals. It is important to set short- and long-term goals. If you don’t know where you are going it is hard to get there. I also find it important to set personal goals. This helps me to intentionally pursue balance with my professional and personal life, which is key to your overall health.
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Cultivate relationships with coaches and mentors. I like to have these relationships inside and outside of my own organization, to give me different perspectives in my own profession as well as other areas of business.
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Join a professional organization. Look for organizations in your industry to join. Oftentimes, your organization will support your participation and pay for memberships. Don't just be a member, attend meetings and participate in events. This is a great way to meet and connect with other members and leaders in your industry. You're sure to meet people with different skills who you can learn from, which can give you an edge in meeting your professional goals.
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Keep learning! There is no shortage of great podcasts and articles on almost anything you’d like to focus on in your development. Listen, read, or watch – whatever best fits your learning style. Just keep learning.
Take time for your own professional health! It will add to your overall health as you create a wholistic, healthy lifestyle.
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Holladay Properties is a full-scale land development, design/build and fully-integrated commercial real estate company, as well as one of the largest property management firms in the country. With more than 250 employees in a range of specialties working from about 30 offices throughout the U.S., we have the knowledge and experience to complete any type of project for any kind of client.
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