CCIM Feature

Deal Makers

The Biggest Deal

Leonard P. Deering Jr., CCIM, of Berkadia Commercial Mortgage LLC in Chicago and two partners arranged the $23 million refinancing of a portfolio of five multifamily properties totaling 525 units in Milwaukee, Racine, and Cudahy, Wis., for Gorman and Co.

CCIM ROI

Terry Moore, CCIM, of ACI Apartments in San Diego reached out to Robert Vallera, CCIM, of Grubb & Ellis in San Diego when seeking a buyer for a 10-unit San Diego apartment building on behalf of a private seller. “I knew that Robert, as a fellow CCIM, understood what made the transaction special,” Moore says. “Having a proven broker on the other side was a deciding factor when there were multiple buyers at the table.” Their connection helped Moore and Vallera close the more than $1.1 million sale to a private family trust. “My CCIM training helps me solve problems I couldn’t even articulate before I completed the program,” Moore adds. “I knew Robert could speak the same language.”

Office

Big Deal

Jerry J. Davis, CCIM, of MentorVest Properties in Battle Ground, Wash., negotiated the $15.7 million sale of a 112,000-sf office property in Raleigh, N.C., from Teufel-Trinity Place LLC to F6Trinity LLC.

  • Mark V. Phillips, CCIM, of Sperry Van Ness in Fountain Hills, Ariz., negotiated the $13 million sale of a 55,594-sf office building in Redding, Calif., from an undisclosed seller to the U.S. Forestry Service. H. William Haedrich, CCIM, of Haedrich & Co. in Redding, Calif., represented the seller.
  • John R. Buccinno, CCIM, of NAI Keystone Commercial & Industrial LLC in Reading, Pa., represented MBC Grings Hill LLC in the $6.8 million sale of a 21,000-sf medical office building in Cumru Township, Pa., to an undisclosed buyer.
  • John P. Duffy Jr., CCIM, of Cushman & Wakefield/Thalhimer in Virginia Beach, Va., represented Hampton North I LLC and Hampton North II LLC in the more than $5.2 million sale of a 67,749-sf office building in Hampton, Va., to Suttle Holding Corp.
  • Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, negotiated the more than $4.2 million sale of a 42,714-sf office building from an undisclosed seller to a private investor.

Retail

Big Deal

Brian Tapp, CCIM, of NAI Knoxville in Knoxville, Tenn., and two partners negotiated the more than $10.7 million sale of a 21.5-acre retail development from Regions Bank to Leconte Properties.

  • Chris Rink, CCIM, of Cassidy Turley BRE Commercial in San Diego represented Santee CL LLC in the $8.7 million purchase of a 14,758-sf Walgreens in San Diego from Interra-Vision LLC.
  • David J. Stevens, CCIM, of Investment Properties Corp. of Naples in Naples, Fla., negotiated the $7.7 million sale of a 120,000-sf shopping center in Naples from U.S. Bank to Naples Uptown Holdings LLC.
  • Jim Casale, CCIM, of Lee & Associates in San Diego represented a family trust in the $6.5 million purchase of a 14,600-sf CVS drugstore in Katy, Texas, from Cinco Verde Retail Partners LLC.
  • Sam Ferrell, CCIM, of Coldwell Banker Commercial Westmac in Los Angeles, represented Nationwide Consulting in the $5.4 million sale of a 7,264-sf restaurant in Culver City, Calif., to Culver Investments LLC.
  • Joseph H. Graham, CCIM, of CBRE Raleigh in Raleigh, N.C., represented an undisclosed buyer in the $4.2 million purchase of 8,059 sf of retail space in Raleigh from Glenwood Ave. Brier Creek LLC.
  • Young Ja Kim, CCIM, of Kim Commercial in Atlanta represented Norcross-Tucker Village LLC in the $3.2 million purchase of a 60,425-sf retail property in Norcross, Ga., from Regions Bank.

Land

Big Deal

Niraj Sarda, CCIM, of CBRE in Dearborn, Mich., represented Ford Leasing Development Co. in the $5.2 million sale of 12 acres of land in Surprise, Ariz., to SVFT Development.

  • Charles E. Wiercinski, CCIM, of McLennan Commercial Properties in Park Ridge, Ill., represented Polmax Transportation Co. in the $4.5 million purchase of 36 acres of land in Alsip, Ill., from Manheim Remarketing.
  • Thomas Grunnah, CCIM, of Henry S. Miller Brokerage in Dallas and Jon Strelec, CCIM, of Tribeca Co. in Austin, Texas, represented an undisclosed seller in the more than $2 million sale of 148 acres of land in Austin to BFI Waste Systems of North America.

Financing

Frank Pipgras, CCIM, of Frank Pipgras Real Estate Services in Sebastopol, Calif., arranged the more than $3.8 million financing of a 45,000-sf office building in Santa Rosa, Calif., for an undisclosed borrower.

Industrial

Big Deal

John J. Godwin, CCIM, of Marcus & Millichap in Southfield, Mich., and two partners represented both the undisclosed seller and the undisclosed buyer in the $12.4 million sale of a 307,315-sf distribution building in North Jackson, Ohio.

  • James Snyder, CCIM, of Lee & Associates in Newport Beach, Calif., and a partner represented PPII LLC in the $12 million sale of two industrial buildings totaling 113,857 sf in Fountain Valley, Calif., to Seven Pacific.
  • John L. Hummer, CCIM, of Steinborn TCN Commercial Real Estate in Las Cruces, N.M., represented REA Magnet Wire in the $6.5 million sale of a 184,000-sf industrial property in Las Cruces to Alaska Structures.
  • Tony A. McDonald, CCIM, of CBRE/The Boulos Co. in Portland, Maine, and a partner represented KDJS Partners LLC in the more than $6.4 million sale of a 200,665-sf industrial property in Portland to JHR Development LLC.
  • Robert M. Thornton, CCIM, and William C. Throne, CCIM, of Cushman & Wakefield/Thalhimer in Virginia Beach, Va., represented Spring Water LLC in the $5.2 million purchase of a 183,814-sf warehouse property in Virginia Beach from USF Propco II LLC and U.S. Food Service.
  • Adam F. Marshall, CCIM, of NAI Hiffman in Oakbrook Terrace, Ill., and two partners represented Runge Paper Co. in the $4.7 million sale of a 107,350-sf distribution facility in Elk Grove Village, Ill., to DCT Industrial. Marshall also represented Zilber Property Group in the $4.7 million purchase of a 125,990-sf industrial building in Elgin, Ill., from Seigle Investments.
  • Chad Griffiths, CCIM, of NAI Commercial in Edmonton, Alberta, and two partners represented an undisclosed seller in the more than $3 million sale of a 24,655-sf industrial building in West Edmonton, Alberta, to an undisclosed buyer.
  • Jeffrey A. Calig, CCIM, of NAI Daus in Cleveland represented Barudan America in the $2.7 million sale of a 70,000-sf industrial property in Solon, Ohio, to Teel Properties LLC.

Multifamily

Big Deal

Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner represented Franklin Apartments LLC in the more than $4.8 million sale of a 45-unit multifamily property in Hackensack, N.J., to Hackensack Associates LP.

  • Mark Vellinga, CCIM, of JMV Consulting in Sioux Falls, S.D., represented Golden Valley Apartments LLC in the more than $2.8 million purchase of a 54-unit multifamily complex in Sioux Falls from an undisclosed seller.
  • R.C. Myles, CCIM, of Cassidy Turley Fuller Real Estate in Denver and a partner represented the Rocky Mountain Center for the Blind in the more than $2.4 million purchase of a 24-unit multifamily property in Littleton, Colo., from Friendly Property LLC.

Mixed-Use

Joseph C. French Jr., CCIM, of Marcus & Millichap in White Plains, N.Y., represented a private investor in the more than $10.1 million sale of a 109,000-sf mixed-use property in Rocky Hill, Conn., to a private firm.

Specialty

E. Baxter Evans, CCIM, of Baxter Evans and Co. in Macon, Ga., and James T. Boswell, CCIM, of Boswell Group in Athens, Ga., represented Judith Hodnett LLC, R.L. Boswell LLC, and William R. Coleman LLC in the $5.4 million sale of a 68-unit seniors housing facility in Greensboro-Lake Oconee, Ga., to NHI-REIT of Georgia.

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