CCIM Feature

Deal Makers

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.

Multifamily

Big Deal

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.

Thomas 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.

Handoko 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.

Davide 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 seller.

Industrial

Big Deal

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.

Ben Chaisson, 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 REIT.

Kevin 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.

James 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.

A. Scott 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.

John 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.

“Wayne 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.

Retail

Big Deal

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.

Timothy 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.

Jim 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.

Joseph 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 X LLC.

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.

Office

Big Deal

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.

Ember W. 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.

Julian 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.

John K. 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.

Specialty

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.

CCIM ROI

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.