CCIM Feature

Deal Makers

The Biggest Deal

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Norm Khoury, CCIM, and a partner of Colliers International | Greater Cincinnati in Cincinnati represented VanTrust Real Estate LLC in the $33.8 million sale of the 674,500-sf Park 536 industrial building to Kroger Co.

Industrial

Arie Salomon, CCIM,  Jeff Forsberg, CCIM, and a partner of NAI Puget Sound Properties in Bellevue, Wash., negotiated the $23.3 million lease of the 220,800-sf CenterPoint Kent 167 located at 26600 72nd Avenue S. in Kent, Wash., between CenterPoint Properties and an undisclosed tenant.

Lindsay Himelright, CCIM, of Harvey Lindsay Commercial Real Estate in Norfolk, Va., represented General Foam Plastics Corp. in the $8.5 million sale of a 400,000-sf industrial property located at 1440 London Bridge Rd. in Virginia Beach, Va., to an undisclosed seller.

Michael Yurocko, CCIM, of SLC Commercial in Vero Beach, Fla., negotiated the $4 million sale of the 52,000-sf Oslo Road Storage located in Vero Beach from Oslo Road Storage to StoreRight.

Peter Messina, CCIM, of Brenner Real Estate Group in Fort Lauderdale, Fla., represented Raychel Industries in the $3.6 million sale of a 15,245-sf industrial property located at 21005 Taft St. in Pembroke Pines, Fla., to Edmil Investments Corp.

Office

Justin Lossner, CCIM, and Marcus Pitts , CCIM, of JLL in Des Moines, Iowa, represented the Federal Home Loan Bank of Des Moines in the $20.5 million purchase of a 225,000-sf office building at 909 Locust St. in Des Moines from an undisclosed seller.

John K. Crotty, CCIM, and a partner of Avison Young in Coral Gables, Fla., represented LNR Partners and John Mitchell in the $18.6 million sale of the 245,550-sf Professional Centre at the Gardens located at 11601-11641 Kew Gardens Ave. in Palm Beach Gardens, Fla., to 11601-11641 Kew Gardens LLC.

Jill Rasmussen, CCIM, of Davis Real Estate in Minneapolis negotiated the more than $9.9 million lease of a 20,700 rentable square feet medical office building located at 1973 Sloan Place in St. Paul, Minn., between an undisclosed lessor and an undisclosed lessee. Rasmussen also negotiated the more than $7.8 million lease of a 10,500-rsf office building from an undisclosed lessor to Centrasota Oral Surgeons and Central Minnesota Orthodontics.

Alfonso Holloman, CCIM, of Lee & Associates in New York City represented Colonade Commons LLC in the $9.3 million purchase of a 73,000-sf office building in New York City from Seagis Property Group.

Pete Brett, CCIM, and David  Sigmon, CCIM, of Coldwell Banker Commercial Caine in Greenville, S.C., represented Medical Center Realty LLC, North Medical Building Corp., and EMCD Properties LLC in the more than $7.3 million purchase of a 20,900-sf medical office building located at 2400 Boiling Springs Road in Boiling Springs, S.C., from Upstate Affiliate Organization dba Greenville Health System.

Gary Lyons, CCIM, of Avison Young in Raleigh, N.C., and  John K. Crotty, CCIM, of Avison Young in Coral Gables, Fla., represented Savitar Companies LLC in the more than $7.3 million sale of the 146,850-sf Eastport office building located in Greensboro, N.C., to Eastport Ventures LLC.

T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles represented a private seller in the $7.2 million sale of a 14,000-sf medical building located at 2216 Santa Monica Blvd. in Los Angeles to an undisclosed buyer.

Gibson Kerr, CCIM, of Cushman & Wakefield in Kansas City, Mo., and three partners represented Orix in the $5.5 million sale of a 146,000-sf office building located at 1414 Genessee in Kansas City to an undisclosed buyer.

Dave Wallace, CCIM, and a partner of CRE Consultants in Fort Myers, Fla., negotiated the more than $4.3 million sale of the 25,000-sf Royal Palm Professional Center in Marco Island, Fla., from HHL Properties to 997 Collier Properties LLC.

Enn Luthringer, CCIM, of CRE Consultants in Fort Myers, Fla., represented National Bank of Commerce in the more than $3.5 million sale of a 31,424-sf medical office building in Punta Gorda, Fla., to Cypress Professional Building.
 

Retail

Jim Dahlem, CCIM, of Dahlem Realty Company in Louisville, Ky., in partnership with Berkeley Capital Advisors represented Homer and Mary Short Estate in the $30.3 million sale of the 600,000-sf Mayo Plaza Shopping Center in Paintsville, Ky., to an undisclosed buyer.

Ted Lyerly, CCIM, and a partner of NAI Earle Furman in Greenville, S.C., represented MPG Two Notch LLC in the $14.2 million sale of a 37,300-sf shopping center in South Carolina to an undisclosed buyer.

Ken Bailey, CCIM, of NAI TALCOR  in Dothan, Ala., represented a private investment group in the $13.4 million purchase of the 135,000-sf Athens Promenade located at 3640 Atlanta Highway in Athens, Ga., from an undisclosed seller.  

Ryan Imbrie, CCIM, of SVN-Imbrie Realty in Portland, Ore., represented LS Capital in the $8.15 million sale of the 45,495-sf Orchards Retail Center located at 11505 NE Fourth Plain Rd. in Vancouver, Wash., to a local buyer.

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented the Furniture Investment Group in the more than $3.7 million lease of a 30,323-sf retail space located at 3050 Davidson Court in Burlington, Ontario, from an undisclosed lessor. Shindleman also represented Furniture Investment Group in the more than $6.8 million lease of a 105,968-sf retail space located at 333 Mathewson Blvd. W. in Mississauga, Ontario, from an undisclosed lessor.

Troy Morgan, CCIM, and a partner of Structure Commercial in Dallas represented Kakatiya Holding LLC in the more than $5.3 million purchase of the 10,619-sf Stella Court Shopping Center in Frisco, Texas, from an undisclosed seller.

Carmen Austin, CCIM, of Saurage Rotenberg Commercial Real Estate in Baton Rouge, La., represented an undisclosed buyer in the $5 million purchase of the 37,500-sf Inland Port Shopping Center in Bainbridge, Ga., from PCD of Bainbridge LLC.

Peter Messina, CCIM, and  Brian DePotter, CCIM, of Brenner Real Estate Group in Fort Lauderdale, Fla., represented 225 N. Federal Highway LLC in the $4 million sale of a 4,500-sf bank branch located at 301 N. Federal Highway in Pompano Beach, Fla., to Acacia Investments Corp.

J. Max Hamidi, CCIM, of Kaizen Realty in Germantown, Tenn., represented Mike Jaber in the $3.3 million purchase of the 21,000-sf Shops of Woodland Hills shopping center located in Cordova, Tenn., from Swiss Capital.

Multifamily

Reid Bennett, CCIM, of SVN | Chicago Commercial represented Indian Trails LLC in the more than $25.7 million sale of a 312-unit affordable housing portfolio located at 221 E. 21st Place in Chicago and 10040 S. Sayre Ave. in Chicago Ridge, Ill., to The Sausage King of Chicago LLC.

Edward Jordan, CCIM, and a partner of Northeast Private Client Group in Shelton, Conn., represented Brook Edge LLC in the more than $6.3 million sale of the 82-unit Brook Edge Apartments located in Chicopee, Mass., to Naviah Investments LLC.

Land

David J. Stevens, CCIM, and  Clint L. Sherwood, CCIM, of Investment Properties Corporation in Naples, Fla., represented Airport Pulling Orange Blossom LLC in the more than $10 million sale of 22 acres of vacant land located at 7501 Airport Road N. in Naples to Pulte Home Corporation and Pulte Home Company LLC.

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented 964125 Alberta Ltd. in the more than $3.6 million purchase of 36.85 acres of land located at 53 & 111 Nicola Drive in Headingley, Manitoba, from an undisclosed seller. 

Specialty

Ben Cherry, CCIM, of Manor Real Estate in St. Louis represented Schoolhouse Finance LLC in the $3.1 million sale of a 107,000-sf school building located at 706 N. Jefferson Ave. in St. Louis to KIPP St. Louis Public Schools.

Financing

Larry Harwood, CCIM, of Q10 | Lutz Financial Services in Birmingham, Mich., arranged a $13.9 million refinancing of a CVS located in Coon Rapids, Minn., a Walgreens in Norton, Mass., and a Walgreens in Rochester Hills, Mich., for a private borrower.
Adam Gregory, CCIM, of CommCap Advisors in Las Vegas negotiated the more than $12.6 million financing of the 85,000-sf 1 East Liberty office space located in Reno, Nev., for One Liberty C2K LLC.
 

Mixed-Use

Phillip Dunning, CCIM, and  Tom Naseef, CCIM, of Colliers International in Las Vegas represented CML NV-CSPRINGS LLC in the $6.7 million sale of the 45,000-sf Villages of Centennial Springs located in Las Vegas to an undisclosed buyer.

 

CCIM ROI 

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“There is a professionalism that often goes with the CCIM designation,” says Ember Grummons (right), CCIM, of Investors Realty in Omaha, Neb. “Because you understand those who have earned the CCIM designation are serious, qualified, and have an edge of credibility.” Grummons recently represented Jasper Stone Stateline Station LLC in the $11.6 million sale of the 162,000-sf Stateline Point Shopping Center in Kansas City, Mo., to Jared Properties LLC represented by David Havens (left), CCIM, of Jared Commercial in Springfield, Mo.

When Havens approached Grummons with an offer, Grummons was already in the process of working with a buyer. After Havens and his client worked through a single weekend on the analysis of the property, however, Grummons ultimately decided Havens’s client would be the best option for this transaction.

Havens credits his designation as a factor in the completion of this transaction. “Deals of this size don’t get done unless you have two professionals on both sides working hard, communicating quickly and efficiently with each other,” Havens says. “Both brokers need to have the same goal of working for their client and making the deal be successful.”

While the two CCIM designees had never met prior to this transaction, Grummons and Havens have developed mutual respect for one another. “David was very reliable, professional, and upfront,” Grummons says. “We have become friends, grown our professional relationship, and I am confident we will do other deals in the future.”

Recently, Grummons and Havens met face-to-face at CCIM Institute’s ICSC exhibit booth, where they discussed future deals. “It is pretty easy to build trust with a professional with a CCIM designation, and Ember was a great example of that,” Havens says. 

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