The Biggest Deal
Dan Bellow, CCIM, of Jones Lang LaSalle in
Houston and five partners represented Hines U.S. Investment REIT in the $412
million sale of Williams Tower, a 1.4 million-sf office property in Houston, to
Invesco Real Estate.
Robert G. Lowe, CCIM, of Sherwood Realty Group in
Brantford, Ontario, negotiated the more than $46.8 million sale of a 3-building
multifamily portfolio totaling 404 units in the Toronto area from Mainstreet
Equity Corp. to Centurion Apartment REIT. Lowe also sold a 75-unit multifamily
property in Mississauga, Ontario, for more than $9.6 million from a local owner
to a Toronto investor.
Ashley Bishop, CCIM,
of Southeast Venture LLC in Nashville, Tenn., and a partner represented Viera
Holdings LLC in the $44 million purchase of the 468-unit Viera Cool Springs
property in Franklin, Tenn., from Covenant Capital.
McConnell, CCIM, of Marcus &
Millichap in Elmwood Park, N.J., and a partner negotiated the more than $7.1
million sale of the 96-unit Whalepond Village in Ocean Township, N.J., from K.
Hovnanian to Ocean Township.
Widjaja Chen, CCIM, of Lee &
Associates Investment Services Group in Los Angeles negotiated the $9.5 million
sale of a multifamily portfolio totaling 102 units in North Hills, Calif.,
between two private investors.
Drew R. Bobincheck, CCIM, of Landmark Commercial Realty in Lemoyne, Pa.,
and a partner negotiated the $4.6 million sale of the 102-unit Lakeview
Apartments in South Williamsport, Pa., from J&R Realty Co. to Lakeview
Apartments of Williamsport LP.
F. Pio, CCIM, of BCRE in Pinole,
Calif., represented an undisclosed buyer in the more than $3.3 million purchase
of a 27-unit multifamily property in Oakland, Calif., from an undisclosed
Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in
New Haven, Conn., and a partner represented a private investor in the $32.2
million purchase of a 224,061-sf FedEx distribution facility in South Windsor,
Conn., from SunCap Property Group.
CCIM, of Newmark Knight Frank Devencore Atlantic in Halifax, Nova Scotia,
represented First Mutual Properties in the $20.5 million sale of a 169,474-sf
industrial property in Moncton, New Brunswick, to Summit Industrial Income
Dalrymple, CCIM, and Amy C.
Silvey, CCIM, of Clay & Co. in
Houston and a partner negotiated the more than $12.1 million purchase of 3
triple-net-leased industrial properties in Brazoria, Harris, and Fort Bend
counties in Texas, totaling 136,286 sf from Speer-Schroeder Partners LP to
Crescent/Flowserve Partners LP and Clay-McHard Road Partners LP.
Snyder, CCIM, of Lee &
Associates in Newport Beach, Calif., and a partner represented James Collins,
Lorie Collins, and Russell Fluter in the more than $7.4 million sale of a
62,000-sf industrial property in Costa Mesa, Calif., to Hirt Properties LLC.
Henry, CCIM, of Mohr Capital in
Dallas negotiated the 10-year, $6 million lease of a 205,000-sf industrial
property in Little Rock, Ark., from an undisclosed lessor to Leisure Arts.
Powell Lowe, CCIM, and Joseph
Michael Augustine Jr., CCIM, of
Chas. Hawkins Co./Corfac International in Nashville, Tenn., represented
Industrial Realty Partners in the $5.5 million sale of a 222,274-sf industrial
property in Portland, Tenn., to North American Stamping Group.
Jon R. Reno,
CCIM, of Heger Industrial in Los Angeles represented Philipson Business
Properties LTD in the more than $4.5 million purchase of a 22,000-sf industrial
property in Reno, Nev., from Panattoni Development. Floyd
Rowley, CCIM, of Johnson Group in
Reno represented the seller.
D’Amico, CCIM, of Re/Max Right
Choice Commercial & Investment Division in Trumbull, Conn., and associates
represented a partnership of Dunkin’ Donut franchisees in the sale/leaseback of
a 23,300-sf Dunkin’ Donuts bakery in Cheshire, Conn., for more than $3.4
million to 21 Diana Court LLC of Trumbull, Conn.
Greg McDonald, CCIM, of The Weitzman Group in
Dallas and a partner represented Marque Enterprises LLC in the $14.5 million
purchase of the 59,820-sf Village at Eldorado in Little Elm, Texas, from CMC
LP. James Hancock, CCIM, of Sperry Van Ness in Dallas represented the seller.
C. Macker, Jr., CCIM, of Coldwell
Banker Commercial Westmac in Los Angeles negotiated the more than $6.8 million
sale of a 7,075-sf retail property in Santa Monica, Calif., from an undisclosed
seller to the Regents of the University of California.
Ed Colson Jr., CCIM,
of Cassidy Turley in San Diego and a partner represented RA Ramona Investors LP
in the more than $4.4 million purchase of a 20,127-sf retail property in
Ramona, Calif., from Thomson Foundation Properties LLC.
Casale, CCIM, of Lee &
Associates in San Diego represented a private family trust in the $3.7 million
purchase of a 2,200-sf 7-Eleven store in San Diego from VRE Balboa LLC.
David L. Barry, CCIM,
of Cassidy Turley Barry in Milwaukee, Wis., represented Springfield Holdings
LLC in the $3.5 million sale of a 21,021-sf retail property in Brookfield,
Wis., to Goodwill Industries of Southeastern Wisconsin.
Belinske IV, CCIM, of CBRE Reichle
Klein in Toledo, Ohio, negotiated the $3.2 million sale of a 39,710-sf retail
strip center in Toledo from Executive Marketplace LLC to Marketplace Executive
Ryan J. Johnson, CCIM,
of Johnson Group in Reno, Nev., negotiated the $3.2 million sale of 31,200 sf
of retail space in Reno from Capital City Land Co. to Michael Bozarth.
Richard A. Brugge Jr., CCIM, of Cushman & Wakefield
in Tampa, Fla., and three partners represented The Realty Associates Fund VIII
LP in the $41.5 million sale of the 312,543-sf Carillon office portfolio in St.
Petersburg, Fla., to Cardinal Point Management LLC. Brugge and a partner also
represented Highwoods Realty Ltd. Partnership in the $14.6 million sale of the
133,914-sf Hilton Grand Vacations headquarters in Orlando, Fla., to Bluebird
Metrowest Orlando LLC.
Grummons, CCIM, of Investors
Realty in Omaha, Neb., represented Metonic Real Estate Services in the more
than $11.2 million purchase of the 136,968-sf Metropolitan Business Center in
Omaha from an undisclosed seller.
Cordell C. Brown,
CCIM, of Price Edwards & Co. in Oklahoma City represented American Farmers
& Ranchers Mutual Insurance Co. in the $10 million sale of a 177,000-sf
office property in Oklahoma City to Oklahoma City University Law Building LLC.
Kwok, CCIM, of Hartman Income REIT
in Houston represented Hartman Parkway LLC in the more than $9.4 million
purchase of 136,284 sf of office space in Dallas from Merit 99 Office Portfolio
LP. Thomas M. Strohbehn, CCIM, of Cushman & Wakefield in Dallas and a
partner represented the seller.
Crotty, CCIM, of Colliers
International in Coral Gables, Fla., and a partner represented FG Deerfield
Partners LTD in the more than $5 million sale of a 55,356-sf office property in
Deerfield Beach, Fla., to Florida Motels Group.
Debbie W. Heslop, CCIM, of Volk Co. in Tucson, Ariz., represented Core Campus Investment Partners LLC in the more
than $3.8 million purchase of a 20,829-sf student-housing property in Tucson
from Kiva-Star Partners LLC.
Never underestimate the importance of being active in your CCIM chapter. “I have closed several transactions over my career with current and former chapter board members,” says Thomas W. Shepherd, CCIM, of Colliers International in Milwaukee. Recently, Shepherd connected with fellow CCIM Wisconsin Chapter member David Luebke, CCIM, of Hendricks Commercial Properties in Beloit, Wis., when he represented Westminster Gateway LLC in the $6.1 million sale of the 72,510-sf Gateway Business Center in Brookfield, Wis., to Hendricks Commercial Properties. Luebke represented the buyer. With the help of their shared CCIM education, the Wisconsin Chapter members closed the deal in 45 days. “CCIM classes helped me to fully understand the deal from a financial perspective and navigate its intricacies,” Luebke says.