CCIM Feature

Deal Makers

The Biggest Deal

Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., negotiated the 12-year, more than $35 million lease of 60,000 sf of office space in New York to TechSpace.

Industrial

Big Deal

Carl G. Russell, CCIM, of George J. Smith & Sons Realtors in Milford, Conn., represented TMC Orange LLC in the more than $7 million purchase of a 40,600-sf industrial building in Orange, Conn., from Ronald M. Wallach.

Beth H. Young, CCIM, and Henry Hagendorf, CCIM, of Grubb & Ellis in Houston negotiated the $5.8 million sale of 8 industrial buildings totaling 145,591 sf in Houston from an undisclosed seller to an undisclosed buyer.

Eric V. Cooper, CCIM, of Bond Street Investments in Charleston, S.C., represented Stag Industrial in the more than $4.9 million purchase of 143,000 sf of industrial property in Chippewa Falls, Wis., from Betram Capital.

‘Adam S. Robinson, CCIM, of SR Commercial in Cardiff by the Sea, Calif., negotiated the more than $2.7 million sale of a 36,672-sf industrial building in Vista, Calif., from Grubb & Ellis to SR Commercial.

Land

“William H. Rollins, CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented Regions Bank in the $3.3 million sale of 292.9 acres of land in Cape Coral, Fla., to Angel Aramis LLC.

Office

Big Deal

Richard A. Brugge Jr., CCIM, of Cushman & Wakefield in Tampa, Fla., and three partners negotiated the $30 million sale of a 676,735 -sf office building in Tampa from U.S. Bank National Association to True North.

”Colleen Kuebel Berthelot, CCIM, of Corporate Realty in New Orleans negotiated the 12-year, more than $22 million lease of 80,000 sf of office space in New Orleans from Zelia LLC to Ochsner Clinic Foundation.

Thomas C. Aguer, CCIM, of NAI Aguer Havelock in Sacramento, Calif., represented The Richey Family Partners LP and 4GV Properties LLC in the $13.6 million purchase of a 95,333-sf office building in Stockton, Calif., from J.J.D. Stockton Adventure.

“W. Jeffrey Cotter, CCIM, of Absolute Investment & Realty Services in Tampa, Fla., negotiated the more than $7 million sale of two office buildings totaling 18,833 sf in Cocoa and Stuart, Fla., from an undisclosed buyer to an undisclosed seller.

Retail

Big Deal

“David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the $32.4 million sale of a 108,000-sf shopping center in Naples from Scott F. Lutgert to Village on the Bay LLC.

Heidi Burgess, CCIM, of East Carolina Commercial in Jacksonville, N.C., represented an undisclosed lessor in the 25-year, more than $14.5 million lease of 9,600 sf of retail space in Arlington, Va., to an undisclosed lessee.

“Joseph C. French Jr., CCIM, of Marcus & Millichap in White Plains, N.Y., and a partner negotiated the $14.1 million sale of a 189,218-sf shopping center in Utica, N.Y., to Katz Properties.

Lance W. Taylor, CCIM, of Stream Realty Partners in Dallas represented Stream Realty Partners in the more than $10.85 million purchase of a 101,000-sf shopping center in Louisville, Ky., from an undisclosed seller.

Stephen A. Heim, CCIM, of NAI Rauch Weaver Norfleet Kurtz & Co. in Fort Lauderdale, Fla., represented St. James Capital LLC in the more than $7.7 million purchase of a 14,736-sf retail building in Port Saint Lucie, Fla., from St. Andrews Park II LLC.

Keith A. Sturm, CCIM, and Deborah K. Vannelli, CCIM, of Upland Real Estate Group in Minneapolis represented Upland Real Estate Group in the more than $5.5 million sale of a 14,490-sf drugstore in Fergus Falls, Minn., in a tax-deferred exchange purchase.

“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.

‘Keoni Fursse, CCIM, of Kokua Realty Co. LLC in Grand Valley, Mo., represented Coronado Partners I LLC in the more than $3.7 million sale of a 14,534-sf retail property in Blue Springs, Mo., to an undisclosed buyer.

Chad Iafrate, CCIM, and Bruce Schiff, CCIM, of Cassidy Turley BRE Commercial in San Diego and two partners represented Sorrento Hills Marketplace 2 LLC in the $3.7 million sale of a 5,000-sf retail building in San Diego to Mountain Air Associates LLC.

Jason Powell, CCIM, of Ackerman & Co. in Atlanta and a partner represented a private investor in the more than $3.3 million sale of 49,583-sf Mountain Creek Plaza in Waynesville, N.C., to an undisclosed buyer.

”Chris Rink, CCIM, of Cassidy Turley BRE Commercial in San Diego represented NTB Nashville LLC in the more than $2.5 million purchase of a 6,668-sf retail building in Nashville, Tenn., from BTS Charlotte Pike LLC.

‘Patrick McCarthy, CCIM, of Pinnacle National Commercial Real Estate in Madison, Wis., represented Kimcar LLC in the $2.4 million purchase of a 10,500-sf retail building in Sun Prarie, Wis. Steve Doran, CCIM, of Lee & Associates in Madison, Wis., represented the undisclosed seller.

Financing

‘Shahid K. Abdulla, CCIM, of Broadway National Bank in San Antonio, Texas arranged a more than $18 million construction loan for a 103-unit retirement community in New Braunfels, Texas, for an undisclosed borrower.

Mixed-Use

Big Deal

Douglas Jacoby, CCIM, of NAI Hunneman in Boston and a partner negotiated the $25 million sale and financing of 4 mixed-use and industrial properties totaling more than 1 million sf in Walpole, Taunton, and North Dighton, Mass., from Rubenstein Properties.

“Daniel N. Briner, CCIM, of the Briner Property Group in Walnut Creek, Calif., represented the Ottex Corp. in the $11.1 million purchase of a 52,000-sf retail and office building in Walnut Creek from an undisclosed seller.

Timothy C. Macker, CCIM, of Coldwell Banker Commercial Westmac in Los Angeles and a partner negotiated the $3.7 million sale of a 13,656-sf mixed-use property in Santa Monica, Calif, from an undisclosed seller to an undisclosed buyer.

Mutifamily

Michael P. Jakubiec, CCIM, of Michael P. Jakubiec Investment Real Estate in St. Charles, Ill., negotiated the $3 million sale of a 48-unit multifamily property in Chicago Ridge, Ill., from an undisclosed seller to an undisclosed buyer.

Specialty

Big Deal

Hamid Ghaemmaghami, CCIM, of the City of Palo Alto in Palo Alto, Calif., negotiated the $29 million sale of a 250,000-sf historical convention center in Oakland from the City of Oakland to the Redevelopment Agency of the City of Oakland.

Greg Astorian, CCIM, of Re/Max Tri-City in Glendale, Calif., negotiated the 10-year, $16.6 million lease of a 58,000-sf theater in Glendale, Calif., from Freeway LLC to Big Box Movie Theater.

‘Joanne Stevens, CCIM, of NAI Iowa Realty Commercial in Cedar Rapids, Iowa, negotiated the $12 million sale of two mobile home parks totaling 464 units in East Hartford, Conn., from an undisclosed seller to FIPI. Carl A. Berman, CCIM, of NAI Elite in West Hartford, Conn., provided assistance.

CCIM ROI

“I’ve never sent a MailBridge email that didn’t generate leads,” says Linda Gerchick, CCIM, team leader with The Robinson Group in Phoenix. Gerchick recently represented Waitland Investments LLP in the more than $3.3 million purchase of a 78-unit multifamily property in Phoenix from Realty Partners Charter LLC. She initiated the deal by sending a “want” message through MailBridge, CCIM’s preference-matching email marketing and information platform. A fellow CCIM member forwarded Gerchick’s message to another Phoenix-based agent, who notified Gerchick about Realty Partners Charter LLC’s property.

Recommended

Searching for Stability

Spring 2022

Ongoing disruptions to the global supply chain will impact commercial real estate, but opportunities are available across various sectors.

Read More

Proptech's Golden Age

Spring 2022

By leveraging proptech to meet the challenges of COVID-19, commercial real estate hopes to ready itself for the future.

Read More

The Ins and Outs of Receiverships

Spring 2022

Receiverships offer promising avenues for commercial real estate professionals to assist lenders with distressed assets.

Read More

Redefining Location

Spring 2022

The driverless vehicle and rise of remote work are two potential catalysts for significant changes to the valuation process.

Read More