CCIM Feature

Deal Makers

The Biggest Deal

Mark Illsley, CCIM, of Oregon Commercial Realty in Central Point, Ore., negotiated the $33 million sale of a 304-unit multifamily property in Riverside, Calif., from Parkside Village Apartments LLC to Colony Student Housing LLC.

Industrial

Big Deal

A. Scott Henry, CCIM, of Westmount Realty Capital LLC in Dallas represented Westmount Realty Capital in the $28 million purchase of a 1.1 million-sf industrial property in Dallas from an undisclosed seller.

Andrew Briner, CCIM, and John McManus, CCIM, of Cushman and Wakefield in Oakland, Calif., and two partners negotiated the more than $24.3 million sale of a 512,000-sf industrial property in Stockton, Calif., from an undisclosed seller to AREA Property Partners. McManus and Briner also represented LBA Realty in the 15-year, $17 million lease of a 100,784-sf industrial property in San Leandro, Calif., to an undisclosed lessee.

Sam Foster, CCIM, of Jones Lang LaSalle in El Segundo, Calif., represented ProLogis in the 7-year, more than $13.6 million lease of a 270,764-sf industrial building in Carson, Calif., to 3PL Global.

Robert Tamillo, CCIM, of UGL Services in Chicago and two partners represented Healthcare Laundry Services in the more than 2-year, more than $12 million lease of 309,749 sf of industrial property in Wheeling, Ill., from Cabot Properties.

Eric V. Cooper, CCIM, of Bond Street Investments in Charleston, S.C., represented Am Pro Land LLC in the $5.1 million sale of a 154,669-sf industrial property in Anniston, Ala., to Agrecel. Brett Buckner, CCIM, of Bucker & Co. in Atlanta represented the buyer.

Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented an undisclosed seller in the $4.2 million sale of a 24,000-sf industrial building in San Francisco to 1499 Evans Avenue LLC.

Larry Emmons, CCIM, of Newmark Grubb Knight Frank in Detroit represented First Industrial in the more than $3.3 million sale of a 66,132-sf industrial property in Sterling Heights, Mich., to Sterling Heights Titleholder LP.

Keith Armstrong, CCIM, of Target Realty Corp. in Calgary, Alberta, and a partner represented R.S. Foundation Systems Ltd. in the more than $2.2 million purchase of a 7,950-sf industrial property in Calgary from J&R Hall Transport.

Land

Big Deal

William A. Eshenbaugh, CCIM, and Ryan Sampson, CCIM, of Eshenbaugh Land Co. in Tampa, Fla., negotiated the $8.6 million sale of 19.73 acres of land in Tierra Verde, Fla., from an undisclosed buyer to an undisclosed seller. Sampson also negotiated the more than $2.5 million sale of 1.5 acres of land in St. Petersburg, Fla., from an undisclosed seller to an undisclosed buyer.

David L. Erstine, CCIM, and Brian Shaw, CCIM, of Sage Partners LLC in Fayetteville, Ark., represented Second Step Asset Management Co. in the $8 million sale of 192 acres of land in Rogers, Ark., to PWX LLC.

William H. Rollins, Jr.,CCIM, of Land Solutions in Fort Myers, Fla., and a partner negotiated the more than $4.2 million sale of 85 acres of land in Bonita Springs, Fla., from VOBN Land Investment LLC to Minto Communities.

Jill Carbonelli, CCIM, and Renee D. Dyer, CCIM, of Prudential Commercial Real Estate in Palm Harbor, Fla., negotiated the $2.1 million sale of 3.7 acres of land in Largo, Fla., from Pacifica Loan Four LLC to DR Horton.

Office

Big Deal

Nora Hogan, CCIM, and Natalie Snyder, CCIM, of Transwestern Commercial in Dallas represented H.D. Vest Financial Services in the 11-year, more than $18 million lease of 87,000 sf of office space in Dallas from an undisclosed lessor.

John K. Crotty, CCIM, of Colliers International South Florida in Coral Gables, Fla., and a partner represented OneBlood in the $9.8 million purchase of a 75,000-sf office building in Fort Lauderdale, Fla., from the Florida Department of Financial Services. Salvatore Bonsignore, CCIM, of Colliers International South Florida and a partner represented the seller.

Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., negotiated the 7-year, more than $5 million lease of 22,500 sf of office space in New York to Leaddog Marketing Group LLC from an undisclosed lessor.

Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial in Los Angeles represented an undisclosed seller in the $4.5 million sale of an 18,000-sf office property in Los Angeles to an undisclosed buyer.

Retail

Big Deal

Daniel B. Cromwell, CCIM, of R.E. Source in Newport Beach, Calif., represented the City of Redondo Beach in the more than $7 million purchase of a 17,240-sf retail property in Redondo Beach, Calif., from Jamison Properties.

Bruce R. Schiff, CCIM, of Cassidy Turley in San Diego and two partners represented Ultimate Capital LLC in the 10-year, $2.8 million lease of 15,812 sf of retail space in San Diego to Chuck E. Cheese’s.

Daniel G. Stewart, CCIM, of Sperry Van Ness/Stewart Commercial Group LLC in Ann Arbor, Mich., represented Zeeb Partners LLC in the more than $2.3 million purchase of a 12,000-sf retail center in Scio Township, Mich., from Zebra Holdings LLC.

Preston Babey,CCIM, and Ryan Babey,CCIM, of Colliers International in Regina, Saskatchewan, negotiated the $2.1 million sale of a 45,000-sf retail property in Melville, Saskatchewan, from CPI Crown Properties to First Aberdeen Properties.

Financing

Big Deal

Shahid K. Abdulla, CCIM, of Broadway National Bank in San Antonio, Texas arranged the more than $20 million financing of a 225-unit student housing project in San Antonio.

Tony Carlson, CCIM, of Grandbridge Real Estate Capital in Minneapolis arranged the more than $8.8 million refinancing of a 125,000-sf office and retail portfolio in Golden Valley, Brooklyn Park, and Minnetonka, Minn., for an undisclosed borrower. Carlson also arranged the $5.3 million financing of a 175,000-sf industrial portfolio in Roseville, Minn.

Multifamily

Jerry L. Hall, CCIM, of NAI Ohio Equities in Columbus, Ohio, represented a private investor in the more than $8 million purchase of two multifamily properties totaling 596 units in Columbus from Spectrum Capital.

Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner negotiated the $7.3 million sale of a 75-unit multifamily property in Mahwah, N.J., from K. Hovnanian Enterprises to Norfolk Investors LLC.

Michael A. Fowler,CCIM, of Brown Investment Properties in Greensboro, N.C., and a partner represented an undisclosed seller in the $4.3 million sale of a 296-unit multifamily community in Charlotte, N.C., to Atlanta Capital Advisors.

CCIM ROI

When Davide Pio, CCIM, of BCRE in Pinole, Calif., was looking for a multifamily property for his client to purchase, he turned to his CCIM network. A CCIM candidate whom Pio had met through the Northern California CCIM Chapter knew a seller with a 31-unit multifamily property in Oakland, Calif. “He gave me the inside scoop over a month before the property hit the market,” Pio says. Knowing the seller’s motivations, Pio was able to close the $6.3 million deal and save his client approximately $200,000. “There was a higher offer, but we knew the seller’s priority was timing,” Pio adds.

Recommended

Retail’s Road to Recovery

Summer 2021

Battered by COVID-19 — some more than others — retailers are looking to rebound with increased creativity, flexibility, and agility. 

Read More

What a Difference 6 Months Make

Summer 2021

As the U.S. looks for a robust economic recovery throughout 2021, the country and commercial real estate face challenges in worker shortage, inflation, and foreign nations’ vaccination efforts. 

Read More

Active Measures

Summer 2021

As commercial real estate slowly moves toward a future where the industry better reflects the community, what can facilitate change? 

Read More

Multifamily Investors Step on the Gas

Summer 2021

After a quiet 2020, the multifamily market is revved up for a booming year as the economy and commercial real estate industry open. 

Read More