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SEPTEMBER 2020
ISSUE XI.IX
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Greetings!
In what may be one of the largest property sales in Holladay, as well as Davidson County, TN, history, our Nashville office has closed on the sale of Phases 1 & 2 at Airport Logistics Park. The $62.3 million sale has paved the way for the development team there to begin Phase 3. In other news, Holladay Hospitality Group has opened Holladay's 18th hotel, the Tru by Hilton in Manassas, VA. Continue reading below for details on these and other stories from around the company.
We are always pleased to receive feedback on our newsletter, so reach out to a Holladay team member you know, or just reply to this email with your comments and questions.
Thank you and stay safe!
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Development News
New Projects:
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fifty forty flats - Holladay Properties has begun a four-building, 116-unit multi-family residential project in Nashville, TN. Development of fifty forty flats involves converting two existing 1970s-era three-story office buildings into apartments, and constructing two new, three-story walkup flats buildings. Continue reading...
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Airport Logistics Park Phase 3 - After completing the six buildings totaling nearly 398,000 square feet of Phases 1 and 2 at Airport Logistics Park, Holladay realized the need for new, modern industrial space in Davidson County, TN and has begun construction of the final five buildings of Phase 3 within the industrial park. When complete, the five buildings will total 328,500 SF of Class A distribution, manufacturing and flex space, bringing new jobs and business to the region. Continue reading...
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Winding Brook Industrial Park - Holladay Properties has closed on a $7,600,000 commercial construction loan for a Class A industrial/warehouse facility in Ashland, VA. The loan will be used to develop and build a 100,000 square foot property located within Holladay's Winding Brook development. Site clearing at the project site has begun and the facility is expected to be ready for occupancy in the first quarter 2021.
Project Complete:
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Tru by Hilton - Holladay's first Tru by Hilton hotel has opened in Manassas, VA. The four-story, 98-room property is the newest of Holladay's 17 current operating hotels and the fourth under management by Holladay Hospitality Group, Holladay's hotel management company. Continue reading...
In the News:
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Holladay is part of a concept/visioning team working to save a historically significant facility in Portage, IN. The team includes Holladay Properties, whose role is being led by Laura Small, Project Architect (Portage, IN), Karnerblue Era, Mix Design, Holladay Construction Group, and the City of Portage's Redevelopment Commission. The group is working to save and possibly renovate the former Garyton School Building located at 5391 Central Avenue. Continue reading...
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Management & Operations News
Awards:
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Holladay has been named among the "Best of the Best" in commercial real estate. Midwest Real Estate News has released its 2020 Best of the Best edition and Holladay Properties has been ranked among the Top Owners, Top Developers, and Top Property Managers. Continue reading...
Management News:
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Holladay’s Healthcare division is managing the newly constructed Lee’s Summit Medical Office Building 2, located at 2100 SE Blue Parkway in Jackson County, MO. The 52,000 square foot Healthpeak-owned property is currently 51% leased. Holladay's Kansas/Missouri property management team, led by Robin Rice, Property Manager (Overland Park, KS) welcomed five new tenants in early September. The property is on the campus of Lee’s Summit Medical Center and offers signage opportunities. View property listing...
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Holladay Properties is excited to announce that Whiskey Hill Brewery & Kitchen has signed a lease for 3,740 square feet at Quincy Station in Westmont, IL. Whiskey Hill will use the new space to operate a restaurant and bar at the mixed-use multifamily residential property located at 1 West Quincy Street, which could potentially open in December 2021. Michael O'Connor, VP Leasing & Development (Portage, IN) represented both parties in the lease transaction.
Operations News:
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Holladay Properties has closed on the $62.3 million sale of Phases 1 and 2 of Airport Logistics Park in Nashville, TN to Starwood Real Estate Investment Trust. The sale includes sic building on approximately 55 acres of land at 1922 Old Murfreesboro Road. Continue reading...
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Holladay Properties' residential management team in Indiana has released a new video for The Illiana in Whiting, IN. The video highlights The Illiana's proximity to Lake Michigan, location in picturesque Whiting, and interior as well as exterior amenities, including its secure parking garage, elevator, and unit features. Continue reading...
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Associate News
New Hires:
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Holladay Properties is pleased to welcome Valerie Hirtz to Nashville's Healthcare team as a Property Manager for a portfolio of Healthpeak-owned properties in Florida. Valerie has over 30 years of experience in management, leasing, and construction of commercial real estate, including low and high rise office, industrial, retail, and mobile home parks. She studied shopping center management in college and worked in that industry for a number of years before switching to office and industrial park management. Most recently, Valerie managed a portfolio of Class A office buildings in the Tampa Westshore for Commercial Florida. Welcome, Valerie!
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Ray Stacy has joined Holladay Hospitality Group (HHG) as Vice President of Operations. Ray brings an extensive hotel background of nearly 25 years to his role with HHG, where he will initially be focused on accounting for the young company. Ray has previously served as a senior member of the Four Winds Casino revenue management team and as Vice President of Operations & Revenue for a South Bend, IN-based hotel management company. HHG is excited to have someone of Ray's caliber joining the team and welcomes Ray to the Holladay family!
Staff Shout-outs:
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Earlier this month, a group of Holladay associates was honored to meet with Indiana Speaker of the House of Representatives, Todd Huston, at the Indianapolis office. The Holladay group included John Phair, Chairman & Chief Development Officer (South Bend, IN); Chris Wilkes, SVP Development (Indianapolis, IN); Doug Hunt, SVP Development (South Bend, IN); and David Holt, SVP Development & Community Affairs (Indianapolis, IN).
Now Hiring:
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In the Community
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(Portage, IN) - On Wednesday, September 16, seven Holladay volunteers spent four hours painting over graffiti to clean up the Prairie Duneland trail tunnel under Willowcreek Road. The volunteers included Holladay Properties' associates Mike Micka, VP Development; Laura Small, Project Architect, Jessica Vargas, Project Architect, and Michelle Mosier, Office Manager; as well as Holladay Construction Group team members Lydia Amado, Project Coordinator; Scott Trueblood, President & CEO; and Nick Sebert, Assistant Project Manager. We are very proud of all involved for their efforts to enrich lives through this community service project. Continue reading...
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Featured Charity
Our People in the Community
Amanda Watson is the Marketing Director for Holladay Properties and Holladay Construction Group. She primarily works out of the Portage, IN office, but is responsible for company-wide marketing efforts. In her free time, she is involved with Girl Scouts of America, where she serves as a Troop Leader and Service Unit board member, as well as Scouts BSA, where she volunteers with Troop 929 in Chesterton, IN. She previously featured her work with Girl Scouts of America, and today would like to focus on Scouts BSA.
Scouts BSA is one of the nation's largest and most prominent values-based youth development organizations. The organization provides programs for youths in fifth grade through high school that are designed to build character, promote physical fitness, foster community engagement, and encourage leadership development. Troop 929 in Chesterton, IN is made up of about 20 Scouts both male and female, who are all working towards earning the Eagle Scout rank, Scouting's highest achievement.
Troop 929 is known in the community as an Eagle "making machine," because of its dedicated volunteers that come together to help its Scouts become successful. Troop 929 has been a pillar of the Chesterton community for decades and has helped over 50 Scouts achieve the Eagle Scout rank since 1992.
Scouting helps youth develop academic skills, self-confidence, ethics, leadership skills, and citizenship skills that help share and influence their adult lives. Since 1910, Scouting has helped mold the future leaders, providing youths with programs designed to help meet six essential needs: mentoring, lifelong learning, faith traditions, serving others, healthy living, and building character.
Scouts in Troop 929 are among thousands currently fundraising for their Scouting adventures through the annual Trail's End Popcorn sale. To support Troop 929 with a purchase or donation, visit https://www.trails-end.com/store/scout/7X56XL2T.
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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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