CCIM Feature

Deal Makers

The Biggest Deal

Clint L. Sherwood, CCIM, and Craig D. Timmins, CCIM, of Investment Properties Corp. in Naples, Fla., represented FTC Naples in the more than $49.9 million sale of a 161,000-sf office property in Naples to an undisclosed buyer. Matthew Stepan, CCIM, of Premier Commercial Properties in Bonita Springs, Fla., and two partners represented the buyer.

Multifamily

Big Deal

Andrew Joseph Burnett, CCIM, and David Burnett, CCIM, of Sperry Van Ness/William T. Strange & Associates in Oklahoma City and a partner negotiated the $31.8 million sale of a 408-unit multifamily property in Owasso, Okla., from an undisclosed seller to Trilogy Real Estate Group.

W. Andrew Babcock, CCIM, of Marcus & Millichap in Columbia, S.C., represented an undisclosed buyer in the $22.5 million purchase of a 326-unit apartment complex in Louisville, Ky., from The Infinity Group.

Andy Kay, CCIM, of Sereno Group in Soquel, Calif., negotiated the $10.4 million sale of a 50-unit multifamily property in Santa Cruz, Calif., from an undisclosed seller to an undisclosed buyer.

Cindy Hill, CCIM, of KW Commercial in Studio City, Calif., negotiated the more than $7.1 million sale of a 40-unit multifamily portfolio in Sherman Oaks, Studio City, and Van Nuys, Calif., from Howard Rubenstein to KBC Investors.

Andrew Chan, CCIM, of Realtyline in Vancouver, British Columbia, represented an undisclosed buyer in the $6.9 million purchase of a 42-unit multifamily property in Vancouver from an undisclosed seller.

Industrial

Big Deal

”Edward J. Redlich, CCIM, of ComReal Miami in Miami and a partner represented MS International in the $10.4 million purchase of a 120,000-sf distribution building in Deerfield Beach, Fla., from EWE.

‘Kevin A. McGrath, CCIM, of Cassidy Turley in Columbus, Ohio, and two partners represented Aegon in the more than $7.1 million sale of a 308,000-sf warehouse property in Gahanna, Ohio, to Niagara Bottling LLC.

”Michael Vernick, CCIM, of Voit Real Estate Services in Orange, Calif., and a partner represented Classic Performance Products in the $5.9 million purchase of a 77,788-sf industrial property in Placentia, Calif., from Lincoln Imports.

“Larry Edwards, CCIM, of NAI San Diego Commercial Real Estate Services in San Diego and a partner represented Paulus Enterprises LLC in the $5.8 million purchase of an 80,000-sf industrial property in Fontana, Calif., from an undisclosed seller.

Lestor E. Osborn II, CCIM, andA. Scott Hensley, CCIM, of Piedmont Properties/Corfac International in Charlotte, N.C., represented Weston in the more than $5.1 million sale of a 318,000-sf industrial building in Rock Hill, S.C., to Rock Hill Commerce LLC.

Retail

Big Deal

Steve W. Moyer, CCIM, of Landmark Western II in Centennial, Colo., represented C&S Wholesale/Belle Foods in the $23 million sale-leaseback of nine retail properties totaling 350,916 sf in Alabama and Georgia to an undisclosed buyer.

Garry E. Adams, CCIM, of Capital Realty in Sherman Oaks, Calif., represented Drybar in the more than 5-year, more than $12.5 million in leases totaling 18,000 sf of retail space in Santa Monica, Westlake Village, Manhattan Beach, Pasadena, and San Jose, Calif.; New York; Washington, D.C.; and Bethesda, Md., from an undisclosed lessor.

Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles negotiated the $9 million sale of an 8,294-sf retail property in Santa Monica, Calif., from an undisclosed seller to an undisclosed buyer. Macker also negotiated the $7 million sale of a 7,400-sf retail property in Santa Monica from an undisclosed seller to an undisclosed buyer.

Richard P. Ikeler, CCIM, of SRS Real Estate Partners in Dallas and a partner represented an undisclosed buyer in the $8 million purchase of a 45,000-sf retail property in Dallas from Glenn Lake Partners LP.

Jason Powell, CCIM, of Ackerman & Co. in Atlanta and a partner represented an undisclosed seller in the more than $5.6 million sale of a 14,560-sf drugstore in Greenville, N.C., to an undisclosed buyer.

Office

Big Deal

“Michael Schuman, CCIM, of Bishop Street Commercial in Honolulu represented the Gentry Pacific Design Center in the more than $21.3 million sale of a 185,787-sf office building in Honolulu to the Office of Hawaiian Affairs.

David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., represented Naples RB Holdings LLC in the $9.5 million purchase of 50,000 sf of office space in Naples from CFC Partnership.

Sheri D. Arnold, CCIM, of Coldwell Banker Commercial Arnold and Associates in Beaumont, Texas, and a partner represented Albanese Cormier Holdings in the 10-year, more than $6 million lease of more than 55,000 sf of office space in Beaumont to an undisclosed lessee.

David H. Johnson, CCIM, of Mohr Partners in Denver represented WellCare in the 5-year, $4 million lease of 30,000 sf of office space in Tampa, Fla., from Highwoods.

Timothy C. Macker, CCIM, of Coldwell Banker Commercial Westmac in Los Angeles and a partner represented 120 South Doheny Drive LLC in the $3.5 million sale of a 5,360-sf office building in Beverly Hills, Calif., to the Consulate General of the Islamic Republic of Afghanistan in Los Angeles.

“Maggie Nigro, CCIM, of Kennedy Wilson in San Antonio and a partner represented Texas Name Ltd. in the 7-year, more than $3 million lease of 16,382 sf of office space in San Antonio to Strayer University. Nigro was employed by Grubb & Ellis when the deal closed.

Elliot M. Ross, CCIM, of The Ross Realty Group in Clearwater, Fla., represented Center at Feather Sound LLC in the more than $3 million purchase of a 63,605-sf office building in Clearwater from Stearns Bank.

Land

Big Deal

Nathan Luke Cox, CCIM, of Bellator Real Estate and Development in Spanish Fort, Ala., represented Gulf Coast Opportunities Fund LP in the more than $11.4 million purchase of 10.5 acres of land in Orange Beach, Ala., from an undisclosed seller.

Sam Foster, CCIM, of Jones Lang LaSalle in Los Angeles represented Weyerhaeuser in the more than $10.1 million sale of 18.33 acres of land in Chino, Calif., to ProLogis.

William A. Eshenbaugh, CCIM, and Ryan Sage Sampson, CCIM, of Eshenbaugh Land Co. in Tampa, Fla., represented TD Bank N.A. in the $8.6 million sale of 19.73 acres of land in Tierra Verde, Fla., to an undisclosed buyer.

David C. Metalonis, CCIM, of Colliers International South Florida in Coral Gables, Fla., represented Lionheart Capital in the more than $5.7 million sale of approximately 0.8 acre of land in Miami to an undisclosed buyer.

Mixed-Use

Patrick Starr, CCIM, of John L. Scott Real Estate in Bellingham, Wash., represented North America 6666 Investment Birch Bay LLP in the more than $7.9 million purchase of a 130,000-sf retail property and 16 acres of land in Blaine, Wash., from Union Bank.

CCIM ROI

“We didn’t know each other prior to the transaction, but the shared designation gave me the confidence that I was working with an educated professional,” says William P. Clarkson, CCIM, of Realty Executives Commercial in Scottsdale, Ariz. After a difficult search for a property with a woodworking space, Susan C. McCall, CCIM, of Commercial Property Connect in Gilbert, Ariz., represented Pelcom LLC in the $1.9 million purchase of six retail buildings totaling 11,136 sf in Scottsdale from Clarkson’s client, Mandall Family Trust. McCall credits the transaction, in part, to concepts that both designees learned in the CCIM core courses. “Between the two of us, we prepared cash flow analyses that gave the buyer a certain comfort level about expenses and future tenants,” she explains.

Were you involved in a deal with a fellow CCIM? Tell us about it at dealmakers@ccim.com.