Category :

Michael Lynch Announced as Senior Vice President of Business Development for Encore Retail, LLC

(Dallas, Texas) March 20, 2014 – Michael Lynch has been named Senior Vice President of Business Development for Encore Retail, a subsidiary of Encore Enterprises.  Mr. Lynch will be responsible for acquisitions, development, re-development and sourcing of commercial real estate projects with an emphasis on retail in the New York/Northeast, Mid-Atlantic and Southeastern part of the US.

“Mr. Lynch brings over three decades of asset management and commercial real estate transaction experience to this role and is an incredible addition to our leadership team,” said Nic Barber, president of Encore Retail. “His abundant knowledge and experience is going to be an asset as we move forward and continue our growth plan.”

Prior to joining Encore, Mr. Lynch served as Owner and Chairman of The Lynch Companies, Inc. whose primary role was to secure new business and assist companies involved in commercial real estate with their strategic initiatives, market expansion and profitability.

“We are thrilled to have Mr. Lynch join the Encore family,” said Bharat Sangani, Chairman of Encore Enterprises. “He will be a key player as we continue to meet and exceed our future goals.”

Mr. Lynch is a graduate of Harvard Business School’s Real Estate Management Program,  Boston College’s School of Business Management and received his Masters of Corporate Real Estate (MCR.h with honors) at Corenet Global Institute for Corporate Real Estate.  He is also the former President of Corenet Global – New England Chapter and is currently a member of the International Council of Shopping Centers (ICSC).  Mr. Lynch is a licensed real estate broker in New York, Massachusetts, Texas and Florida.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments.

About Encore Retail, LLC
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States.

For more information about Encore Enterprises, Inc and Encore Retail, LLC visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

Encore Office Closes on Intech 12 Office Building in Indianapolis, IN

(Dallas, Texas) March 11, 2014 – Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on the Intech 12 office building, a 2-story, 140,368 square foot office building in Indianapolis, Indiana. Atlanta-based Wells Management Company sold the building to a joint venture between Encore Office and Middleton Partners, LLC of Northbrook, Illinois.

“We are extremely excited about the addition of Intech 12 to our office portfolio. With the quality of construction, layout of the building, and favorable highway access, Intech 12 will appeal to tenants seeking larger space and dense parking requirements” said Mark Cypert, President of Encore Office.

Situated in the southwest quadrant of West 71st Street and Interstate 465 in the Indianapolis metro area, the Intech 12 building includes roughly 15,000 square feet of warehouse space.

From 2003 to August 2013, Eli Lilly and Company’s information technology department occupied the building. Constructed in 2000, the entirety of the building is currently available for lease.

“We are tremendously pleased with Encore Office’s expansion into the Indianapolis market, as Encore continues to strategically grow its office portfolio” said Bharat Sangani M.D., Chairman of Encore Enterprises.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

About Encore Office, LLC.

Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

Encore Hospitality to Open an IHOP Restaurant in Pascagoula, MS

(Dallas, Texas and Pascagoula, Mississippi) February 26, 2014 – Encore Hospitality, LLC a division of the Dallas-based Encore Enterprises, Inc., recently closed on their latest development, a soon-to-be constructed 5,000 square foot International House of Pancakes restaurant in Pascagoula, Mississippi. The restaurant will be located on Denny Avenue, in close proximity to Interstate 90. This will be the second IHOP franchise for Encore Hospitality, which opened its first franchise in D’Iberville, Mississippi.

“Our D’Iberville IHOP restaurant has performed so well that IHOP Corp. came to us and asked if we would be interested in another store,” said Glenn Pedersen, President of Encore Hospitality. “We believe the market is under-served in Pascagoula from a family breakfast dining prospective, and have a great site on Denny Avenue.”

Construction for the Pascagoula IHOP began in late February, with a grand opening expected in late July, 2014. In addition to bringing the “Everything You Love About Breakfast” program, the new restaurant will bring approximately 80 new jobs to the community.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information about Encore Hospitality, LLC, visit encore.bz or call (214) 259-7000.

Encore Land, LLC Purchases 23.5 Acres for Residential Development in Midlothian, Texas

(Dallas, Texas) January 21, 2014 – Encore Land, LLC, a division of the Dallas-based Encore Enterprises, Inc., has purchased 23.5 acres of land for development in the second phase of the Jordan Run Estates subdivision of Midlothian, Texas. This is the second site Encore has acquired in the last 90 days. The project adds 20 new one-acre estate lots to the community. J Houston Custom Homes has been selected as the home builder for the project.

“Encore Land is eager to participate in the rapidly growing Midlothian community.” said Developer Steve Donosky, President of Encore Land. “The new addition will bring the unique opportunity to purchase quality single-family residences on large acreage lots in the Midlothian School District.” “Jordan Run Estates is easily recognized as Midlothian’s most affordable opportunity to combine large property country living with a top quality custom home.” said Paul Bennett, Community Sales Manager for J. Houston Custom Homes.

Conveniently positioned just one mile west of the intersection of FM 663 and FM 875, Jordan Run Estates offers ranch estate living in the highly ranked Midlothian school district. Located just 30 minutes from Dallas, the small-town feel of Midlothian is perfect for suburban dwellers seeking a taste of country-style living and lower property taxes, without having to forego the luxuries of urban life.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev , or call (214) 259-7000.

About Encore Land, LLC.

Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land is the newest subsidiary of Encore Enterprises and provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information about Encore Land, LLC., visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

About J. Houston Custom Homes

J. Houston Custom Homes is a Dallas-based custom home builder established in 2005 by John Houston. J. Houston Homes has built single-family homes across North Texas including Burleson, Fort Worth, Mansfield, Midlothian, Ovilla, Red Oak, and Waxahachie. Visit J. Houston Custom Homes for more information.

Pelham Towne Center Wins Commercial Christmas Lights Decoration Award

(Pelham, Alabama) January 1, 2014 – The Pelham Towne Center, one of nine grocery-anchored retail shopping centers in Encore Retail, LLC’s portfolio, has won the Commercial Christmas Lights Decoration award from the Pelham Beautification Board.

The décor included red lights strung across the entire length of the 74,008 square-foot shopping center, as well as lights running across the roof of the building.

“We are honored with the overwhelming sense of community the city of Pelham has shown us,” said Nicholas Barber, President of Encore Retail. “Our properties provide an invaluable service to their surrounding communities and we are excited to participate in the beautification of Pelham any way we can.”

The awards feature residential and commercial beautification, and shine the limelight on residents and business owners in Pelham who go above and beyond to make the city beautiful.

About Encore Retail, LLC  
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

About Encore Enterprises, Inc.      
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encore.bz or call (214) 259-7000.

Hotels Seek LEED Certification to Cut Costs and Help the Environment

The U.S. Green Building Council (USGBC) recently rolled out its latest Leadership in Environmental Design (LEED) standards for hotel certification, which included specific guidelines for hotels and other businesses in the hospitality industry. The LEED system for design, construction, operation, and maintenance of buildings promotes environmental responsibility during the building process and sustainable habits during operations.

Introduced in 1998, the LEED rating system has taken the drastic changes in environmentally friendly construction into consideration. Marriot International currently has 13 LEED-certified hotels. The USGBC gives out platinum, gold, and silver ratings beyond basic LEED certification. Only three hotels have earned a LEED platinum rating. Hotels can save money and boost their brand by complying with these green guidelines.

LEED Principles

The LEED rating system is broken down into various sustainable categories. Hotels can earn points by building on sustainable sites that minimize impact on the ecosystem. USGBC also offers credit for using sustainable building materials and reducing waste during the building process. Once a hotel is up, it’s use of water contributes to the LEED rating. Low-flow faucets and showers are examples of efficient water consumption. Lastly, LEED awards points for sustainable energy consumption. Energy companies can come alongside these building operations to create a plan for sustainability. Hotels that value and conserve electricity are more likely to get a high rating. Hotels have a chance to go green in all these categories.

LEED v4

The latest LEED specifications offer a new suite of tools designed to speed up the certification process. “For LEED 2009 there are about 1,000 versions of forms,” USGBC director Corey Enck told Hotelnewsresource.com. “For LEED v4 there are about 200.” The new LEED specifications also eliminate the light pollution credit for hotels. LEED guidelines indicate the commercial properties should have shading in the windows to prevent light from pouring out. In a hotel, however, guests control whether or not these shades are in use, so it doesn’t make sense to penalize owners. Along with LEED v4, USGBC.org offers a number of new resources for businesses seeking certification, whether they’re getting ready to build or looking to make an existing property more sustainable.

Platinum Hotel Certification

Earning the USGBC’s highest LEED rating is no easy task. Only two hotels in the United States are certified LEED platinum. Bardessono, a hotel and spa in Yountville, CA, uses low-e glass, automatically controlled thermostats and overhangs to reduce energy costs. Owners Steve and Pat Bardessono built their hotel with stone from an existing building. Not only did this give Bardessono a classic look, it also saved material. North Carolina’s Proximity Hotel was the first LEED platinum certified hotel. Proximity features 100 solar rooftop panels that heat water for the hotel. A number of water conservation advancements saved Proximity two million gallons of water in $13,000 in the first year of their installation. During construction, Proximity also recycled 87 percent of its construction debris.

Hotels can look to these two top performers for inspiration. LEED certification is a valuable badge to advertise, and it can save hotels money.

Encore Land, LLC Purchases Approximately 15 Acres of Land for Residential Development in Mansfield, TX

(Dallas, Texas) November 26, 2013 – Encore Land, LLC, a division of the Dallas-based Encore Enterprises, Inc., has purchased approximately 15 acres of land for development of a new residential community in Mansfield, TX. Known as The Villages of Park Hill, the community will be located at 2011 Callender Road in Mansfield just north of Debbie Road at Highway 287.

“The Village of Park Hill will bring quality single-family residences ranging in size from 2,290 to 3,600 square feet by Dunhill Homes,” said Developer Steve Donosky, President of Encore Land. “Encore Land is eager to participate in the rapidly growing Mansfield community.”

“Dunhill Homes is excited to be entering into the Mansfield market with our top notch energy efficient homes,” said Chris Hartley, Vice President of Sales & Marketing for Dunhill Homes. “Dunhill Homes will be showcasing our best plans within this community along with many included features that are not typically seen at our starting price point.”

The community will feature 59 lots, each unique and covered with mature hardwood trees, surrounding a large central park with walking trails. Residents of the Village of Park Hill will attend top rated Mansfield schools and have excellent access to Highway 287. The Mansfield civic center, various retail shopping areas which include the Cinemark 12 Mansfield movie theater, a variety of restaurants, Marshalls, and Best Buy are all within walking distance. The targeted opening date for the project is late spring/summer 2014.

About Dunhill Homes, LLC

Dunhill Homes, LLC is a privately owned homebuilding company based out of Dallas, TX. Dunhill Homes is known for building some of the most energy efficient homes in DFW with each home being Environments for Living Certified and Energy Star Guaranteed. Dunhill Homes is one of the fastest growing homebuilding companies within DFW.

About Encore Land, LLC.

Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land is the newest subsidiary of Encore Enterprises and provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information about Encore Land, LLC., visit encorebz.wp.brainvire.dev or call (214) 259-7000.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev or call (214) 259-7000.

Encore Global Continues Growth with New Alabama/Florida Regional Center

(Dallas, Texas) November 26, 2013 – Encore Global Investment Management, LLC (Encore Global) a division of the Dallas-based Encore Enterprises, Inc., plans to develop and/or finance multiple real estate projects in the states of Alabama and Florida as part of its nationwide EB-5 Regional Center network.

“We are excited to add yet another EB-5 Regional Center to our actively growing portfolio,” said Bharat Sangani, Chairman of Encore Enterprises. “This particular addition is especially great because it is our first Regional Center to cover two states.”

The EB-5 Employment-Creation Immigrant Visa Category was created by the United States Citizenship and Immigration Service (USCIS) in 1990 to provide accredited foreign individuals with an opportunity to achieve conditional and permanent residency status by investing lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or $1 million anywhere else) in a USCIS approved Regional Center. To qualify, each investor must directly or indirectly, through the Regional Center, create ten full-time jobs in the United States. In exchange for this investment, the investor may be able to obtain an EB-5 Visa, providing permanent residency status for the investor, his or her spouse, and unmarried children under 21 years of age.

The Encore Alabama/Florida Regional Center has been organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities located throughout Alabama and Florida. Encore Global will develop and/or fund commercial real estate projects in two Alabama counties, including Baldwin and Mobile, and eight Florida counties including Bay, Calhoun, Escambia, Gulf, Okaloosa, Santa Rosa, Walton, and Washington.

About Encore Global Investment Management, LLC

Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking to obtain permanent residency status in the United States. Encore Global owns and operates eight approved Regional Centers in Alabama-Florida, California, Louisiana, Mississippi, Tennessee, North Carolina, Texas, and Washington, D.C. These Regional Centers focus on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, and office facilities. Visit Encore EB5 or call (214) 259-7021 for more information.

Disclaimer: Not every investment is safe, not every investment in a regional center will ultimately result in green card status, and not every investment will produce a profit.

Brenda Grogan and Daisy Chen Honored at November CREW Luncheon

CREW Honorees

Brenda Grogan and Daisy Chen were showcased at the November monthly luncheon for CREW (Commercial Real Estate Women) after attending CREW’s annual convention proudly held in Dallas this year. Speakers at the convention were real estate tycoon Barbara Corcoran from Shark Tank, and Pulitzer winner Tom Friedman, columnist for the New York Times. Mahesh Shetty, Encore’s COO / CFO, was a guest for their convention luncheon. CREW’s motto is: Advancing the Achievements of Women in Commercial Real Estate While Positively Impacting the Industry.

Encore Enterprises Sponsors Annual Gala and CME Sessions for Alabama API

Encore Enterprises was a proud sponsor of the Annual Gala and CME sessions for Alabama API, a chapter of the American Association of Physicians of Indian Origin (AAPI) in Huntsville on November 15th-16th, 2013. The event was attended by physicians mainly from Huntsville, Decatur, and Birmingham. This was part of a series of AAPI events Encore Enterprises has been supporting across the country, many of which are in support of their Childhood Obesity initiative as well as academic scholarship programs. Dr. Bharat Sangani, Founder and Chairman of Encore Enterprises was honored with a plaque for his contribution to the physician community. Mahesh Shetty, CFO/COO was in attendance along with Sejal Desai, Vice President, Community Development and Brenda Grogan, Director of Wealth Management.

Load More