CCIM Feature

Deal Makers

The Biggest Deal

Sam Foster, CCIM, of Jones Lang LaSalle in Los Angeles and three partners negotiated the $45 million sale of a 192,053-sf office building in El Segundo, Calif., from Kilroy Realty Corp. to AG Net Lease Fund II.

CCIM ROI

Jay Taylor, CCIM, of Tar Heel Cos. in Raleigh, N.C., had just finished teaching a North Carolina CCIM Chapter-sponsored financial calculator course in Raleigh when he was approached by student Frank Bridger, CCIM. Bridger was looking for multifamily properties, and Taylor told him about the 177-unit Autumn View Apartments in Fayetteville, N.C., which his client hadn't put on the market yet. "There's a high level of trust between CCIMs," Taylor says. "We knew Frank had done the due diligence and the buyer was legitimate." The CCIM connection helped to expedite the more than $11.8 million sale to an undisclosed buyer.

Retail

Big Deal

J. Tyson Glasser, CCIM, of RealtyLink LLC in Greenville, S.C., represented an undisclosed seller in the $25.6 million sale of the 167,341-sf Midtowne Park retail center in Anderson, S.C., to a national REIT. Glasser also represented an undisclosed seller in the more than $2.5 million sale of the 7,575-sf Firestone Complete Auto Care in Burlington, N.C., to an undisclosed buyer.

  • Elizabeth Clare, CCIM, of Cushman & Wakefield Commerce Real Estate Solutions in Las Vegas and a partner represented Bank of America in the more than $17 million sale of the 240,000-sf Village Square in Las Vegas to Westport Capital.
  • David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the more than $6.1 million sale of a 48,615-sf shopping center in Naples from Tanglewood Marketplace of Naples LLC to Naples Tanglewood Holdings LLC.
  • Marlene A. Spritzer, CCIM, of Spritzer Commercial Properties LLC in Durham, N.C., represented Goldsboro Five Points Plaza LLC and The Third Millennium Group LLC in the more than $5.7 million sale of the 57,485-sf Five Points Plaza in Goldsboro, N.C., to Southeast Associates of Asheville LLC.
  • Ryan Garrick Imbrie, CCIM, of Sperry Van Ness in Portland, Ore., represented Sunset Oaks LLC in the $5.6 million sale of a 30,380-sf retail property in Hillsboro, Ore., to an undisclosed buyer.
  • Keith A. Sturm, CCIM, of Upland Real Estate Group in Minneapolis represented an undisclosed seller in the more than $2.9 million sale of an 18,000-sf Office Max in Blaine, Minn., to an undisclosed buyer.
  • Gary P. Hill Jr., CCIM, of Thomas Linderman Graham/Grubb & Ellis in Chapel Hill, N.C., represented Tarheel Bookstore in the more than $1.9 million sale of an 8,400-sf retail space in Chapel Hill to BS Franklin Properties.

Land

Big Deal

Lee W. Schaefer, CCIM, of Maverick Properties in Nashville, Tenn., represented Bristol Development Group in the $6.7 million purchase of 7 acres of land in Brentwood, Tenn., from an undisclosed seller.

  • Nathan L. Cox, CCIM, of Bellator Real Estate & Development in Spanish Fort, Ala., represented Loxley Triangle LLC in the $4.2 million purchase of 1,361 acres of land in Spanish Fort and Loxley, Ala., from an undisclosed seller.
  • William H. Rollins, CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented Weakley Family Properties LLC in the $3.8 million sale of 2.3 acres of land in Naples, Fla., to LSII Properties.
  • Debbie W. Heslop, CCIM, of Volk Company in Tucson, Ariz., represented Central One in the more than $2.9 million sale of 3.7 acres of land in Tucson to Wal-Mart Stores.

Office

Big Deal

Andrew Sumlin, CCIM, of Cushman & Wakefield in Atlanta represented RB Terraces LLC in the 10-year, $16.3 million lease of 55,000 sf of office space in Atlanta to Ventyx.

  • Hans Kaunath, CCIM, of Ciminelli Real Estate Services in Tampa, Fla., and a partner represented CW Capital Asset Management in the 11-year, $13.6 million lease of 70,706 sf of office space in Clearwater, Fla., to an undisclosed lessee.
  • Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, negotiated the 25-year, $12.3 million lease of 30,000 sf of office space in Winnipeg from Shindico Realty to Winnipeg Regional Health Authority. Shindleman also negotiated the $6.9 million sale of 35,000 sf of office space in Winnipeg from an undisclosed seller to a pension fund.
  • R.C. Myles, CCIM, of Cassidy Turley Fuller Real Estate in Denver and three partners represented F&C Holdings LLC in the $9.5 million sale of two office buildings totaling 93,039 sf in Littleton, Colo., to IBC Holdings LLC.
  • Mark E. Douglas, CCIM, of Thalhimer/Cushman & Wakefield in Richmond, Va., and two partners represented Metropolitan Life Insurance Co. in the more than $6.2 million sale of a 285,846-sf office property in Henrico County, Va., to the County of Henrico.
  • Chad Boddez, CCIM, of Colliers International in Edmonton, Alberta, represented PTI Group in the 10-year, $5.3 million lease of 28,253 sf of office space in Edmonton from Supreme Capital.
  • Howard Friedman, CCIM, of Compass Commercial Real Estate Services in Bend, Ore., represented Deschutes Ridge Business Park LLC in the more than $5.1 million purchase of a 60,000-sf office complex in Bend from WBCMT 2007-C33 Disk Drive LLC.
  • Ted Barr, CCIM, of Woodside Health in Cleveland represented Woodside Health in the more than $4.7 million purchase of two medical office buildings totaling 29,162 sf in Kingwood, Texas.
  • Jarrad Katz, CCIM, of NAI Global Las Vegas LLC in Las Vegas represented NLV-ZIM LLC in the 15-year, more than $3.1 million lease of 9,900 sf of medical office space in North Las Vegas, Nev., to Greater Las Vegas Dialysis LLC.

Multifamily

Drew R. Bobincheck, CCIM, of Landmark Commercial Realty in Lemoyne, Pa., and a partner represented The Yoder Group in the more than $5.4 million sale of a multifamily portfolio totaling 75 units in Muncy, Bloomsburg, and Mifflinburg, Pa., to an undisclosed buyer.

Industrial

Big Deal

David E. Blois, CCIM, of Stonehaven Realty Management in Burlington, Ontario, represented a private German investment group in the $17.9 million purchase of a 185,700-sf industrial property in Oakville, Ontario.

  • Joshua Levin, CCIM, of Levin Commercial Real Estate LLC in Atlantic City, N.J., and a partner represented SunOpta in the 15-year, more than $7.5 million lease of a 101,250-sf industrial property in Allentown, Pa., from an undisclosed lessor.
  • Timothy M. Kerrigan, CCIM, R.J. Neary, CCIM, and Ryan M. Zabrowski, CCIM, of Investors Realty in Omaha, Neb., negotiated the more than $4.6 million sale of a 131,110-sf industrial property in Omaha from Professional Veterinary Products to Sergeant's Pet Care Products.
  • Keith Armstrong, CCIM, of Target Realty Corp. in Stavely, Alberta, and a partner negotiated the $2.7 million purchase of an 18,168-sf industrial property in Calgary, Alberta, from an undisclosed seller to Silkstone & Granite Ltd.
  • Daniel A. Berger, CCIM, of NAI Commercial Partners in Lancaster, Pa., negotiated the $2.5 million sale of 136,196 sf of industrial space in Ephrata Borough, Pa., from Homette Corp. to LNR Property LP.

Financing

Russ W. Martin Jr., CCIM, of First Security Bank in Little Rock, Ark., arranged the more than $9.8 million refinancing of a 248-unit multifamily property in Shreveport, La., for an undisclosed borrower.

Mixed-Use

Katherine C. Campbell, CCIM, of Thalhimer/Cushman & Wakefield in Virginia Beach, Va., negotiated the $5.4 million sale of two mixed-use buildings totaling 64,186 sf in Virginia Beach from an affiliate of Rosemont Realty to Continental Parkway LLC.

Submit transactions to Deal Makers, CIRE, 430 N. Michigan Ave., Chicago, IL 60611; e-mail to dealmakers@ccim.com; or fax to (312) 373-8219. Include a high-res digital color property photo or head shot if available.

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