The Biggest Deal
Saunders, CCIM, of
Coldwell Banker Commercial Saunders Real Estate in Lakeland, Fla., and a
partner represented AgReserves in the $565 million purchase of 382,834 acres of
timberland in the Florida Panhandle from the St. Joe Co.
CCIM, of Golden Horizon Enterprises in Newport Beach, Calif., represented his
company in the $43.5 million purchase of the 144-unit Jasmine Place Apartments
in Westminster, Calif., from HSBC Bank.
Hall, CCIM, of Equity in Columbus,
Ohio, and a partner represented an undisclosed seller in the $29.5 million sale
of a 292-unit multifamily property in Columbus to a private investor.
B. Hymel, CCIM, of Select
Properties Ltd. Realty in Baton Rouge, La., negotiated the $8.5 million sale of
the 184-unit Oakwood Bend Apartments in Lafayette, La., from 2121 Oakwood Bend
LLC to Medve Group.
T. Sean Lance, CCIM,
of NAI Tampa Bay in Seminole, Fla., and a partner represented an undisclosed
seller in the $8.5 million sale of the 200-unit Hidden Oaks Apartments in
Clearwater, Fla., to a California investment firm.
Sweeney, CCIM, of Professional
Property Services in Cincinnati represented Forest Ridge Associates LLC in the
$5 million purchase of the 326-unit Forest Ridge Apartments in Cincinnati from
FRA Acquisition LLC.
Davide F. Pio, CCIM,
aprivate investorin the $3.7
million purchase ofthe 30-unit Dimond Apartmentsin Oakland,
Calif., to aprivate
Wright, CCIM of
Bull Realty in Atlanta and W.R. Merritt,CCIM, of Merritt and Co. in Greenville, S.C., negotiated
the more than $10.7 million sale of a 156,800-sf net leased industrial property
in Greenville from an undisclosed seller to an affiliate of Chambers Street
LLC. Wright and Merritt also negotiated the more than $3.2 million sale of a
56,000-sf net leased industrial and office facility in Greenville from an undisclosed
seller to an affiliate of Realty Income Trust.
A. Stout, CCIM, of Atlantic
Properties in Plymouth, Mass., negotiated the $7 million sale of a 100,000-sf
flex property in Lakewood, N.J., from RK Bennett II to Legacy Real Estate
Griffiths, CCIM, of NAI Commercial
Real Estate in Edmonton, Alberta, represented EC Holdings in the more than $6.4
million sale of the 32,000-sf Reynolds Building in Edmonton to an undisclosed
and Tai Ngo, CCIM,
ofLee & Associatesin City ofIndustry, Calif.,represented anundisclosed buyerin the more than$6.2 million
purchase of a51,256-sf
industrial propertyin City of Industry from anundisclosed
J. Redlich, CCIM, of ComReal Miami
in Miami represented Monaco Foods in the more than $4.6 million purchase of a
76,000-sf warehouse in Miami from an undisclosed seller.
Jason T. Stagman, CCIM, of Stagman Commercial Real Estate Advisors/ITRA Global in Boca Raton,
Fla., represented Romanini Brothers Investment Co. LLC in the more than $3.4
million purchase of a 50,000-sf industrial property in Fort Lauderdale, Fla.,
from Lakeside Ranch Corp.
Frank Weiskopf, CCIM,
of Realty Executives Associates in Maryville, Tenn., represented Fuji OOZX in
the $3.2 million sale of a 52,500-sf industrial property in Knoxville, Tenn.,
to Builders FirstSource.
Dennis R. Cronk,
CCIM, and Matthew R. Huff, CCIM,
of Poe & Cronk Real Estate Group in Roanoke, Va., represented an
undisclosed buyer in the more than $3.1 million purchase of a 39,000-sf
net-leased distribution facility in Salem, Va., from FedEx Ground.
M. Kean, CCIM,
and Cynthia Greenwell, CCIM, of Kean Properties LLC in Kihei, Hawaii, represented
an undisclosed seller in the more than $10.2 million sale of a 4,100-sf
restaurant in Ka’anapali, Hawaii, to an undisclosed buyer.
A. Malayery, CCIM, of Marcus &
Millichap in Atlanta represented a California 1031 buyer in the $9 million
purchase of a 45,000-sf net-leased L.A. Fitness in Phoenix. Kristian
Cotta, CCIM, of Diversified
Partners LLC in Scottsdale, Ariz., represented the seller, a local developer.
Parker Carroll, CCIM,
of Coldwell Banker Commercial in Austin, Texas, represented Ashtex in the $5.9
million sale of a 35,000-sf Ashley Furniture Home Store in College Station,
Texas, to Steel Properties LLC.
Edward P. Rogner, CCIM, and James A. Wilder, CCIM, of Realty Capital Advisors LLC in Orlando, Fla.,
and a partner represented Fortis LP in the more than $5.3 million sale of a
12,562-sf net-leased Panda Express/Tilted Kilt Pub and Eatery with more than 6
years remaining in Orlando to an undisclosed buyer.
Spirrison, CCIM, of Adelphia
Properties in Oakbrook, Ill., represented a private buyer in the more than $4.2
million purchase of a 16,068-sf triple-net-leased retail property in
Warrenville, Ill., from a private seller.
Benjamin LaFreniere, CCIM, of Quest Co. inOrlando, Fla., representedOvation Properties
than $4.2 millionpurchase
of the 15,000-sfLake
Mary Commons in LakeMary, Fla., from UnicorpNational
Christopher C. Close, CCIM, of Close~Converse inBrainerd, Minn.,
more than $3 million saleof the 41,000-sf Baxter Villageretail center in
a private investor.
Eric Tompkins, CCIM, of CBRE in San Diego represented an undisclosed buyer
in the more than $54.5 million purchase of the 51,342-sf UCLA Outpatient
Surgery and Oncology Center in Santa Monica, Calif., from an undisclosed
Carr, CCIM, of CBRE in Seattle and
five partners represented Boren and James LLC in the $34.9 million sale of
81,717 sf of medical office space in Seattle to Healthcare Realty.
Kruse, CCIM,of the ColoradoGroup inBoulder, Colo.,negotiated the
more than $5.6million
sale of a three-buildingoffice portfolio totaling24,987 sf in
Boulder from anundisclosed
seller to an undisclosed buyer.
Billy Way Jr., CCIM,
of Wilson Kibler in Columbia, S.C., and a partner represented an undisclosed
seller in the more than $4.7 million sale of a 42,019-sf office property in
Columbia to ElmTree Funds.
Jarrad Katz, CCIM,
of MDL Group in Las Vegas and a partner represented Pahrump-Zim LLC in the $3.8
million sale of a 12,545-sf medical office building in Pahrump, Nev., to Doodle
Properties LLC #6.
Jones Walker, CCIM, and Bobbi
Miracle, CCIM, of Commercial
Executives in Las Vegas represented Horizon Ridge Professional Center in the
$3.6 million sale of a 30,200-sf office building in Henderson, Nev., to Century
Timothy C. Macker, CCIM, of Coldwell Banker Commercial Westmac in Los Angeles
negotiated the $10 million sale of 0.3 acres of land in Beverly Hills, Calif.,
from a private partnership to a private overseas developer.
Noel Andress,CCIM, of Sunmark Realty in Pineland, Fla., and Sage
Andress, CCIM, of Sunmark Realty
in Tampa, Fla., represented Apollo Beach Investments LP in the $8.6 million
sale of 92 acres of industrial land in Tampa to Teco.
Frank Pipgras, CCIM, of Frank Pipgras
Real Estate Services in Sebastopol,
Calif., represented Lytton Rancheria in the $8.4 million purchase of a 120-acre
chardonnay vineyard in Sonoma County, Calif., from Alexander Clark.
Betts, CCIM, of Keller Williams
Commercial Realty in Charlottesville, Va., represented Ambling University
Development Group in the $7.5 million purchase of 2 acres of land from an
Margery H. Johnson, CCIM, of Cushman & Wakefield in Orlando, Fla., and a partner represented Flournoy Development in
the more than $5.1 million purchase of 17.5 acres of land in Orlando from Fifth
Jarrad Katz,CCIM, of MDL Group in Las Vegas represented Nicholas
& Co. in the more than $3.1 million purchase of 28 acres of industrial land
in North Las Vegas, Nev., from Valley Bank of Nevada.
David Schwarz IV, CCIM, of Grandbridge Real Estate Capital LLC in Houston, and a partner
arranged the $33.5 million construction financing for the 276-unit Vargos on
the Lake apartment development in Houston for Huntington Residential.
P. Deering Jr., CCIM, of Berkadia
Commercial Mortgage LLC in Chicago, and two partnersarranged the $26 million
financing of the 402-unit Foxboro Apartments in Wheeling, Ill., for Foxboro
Apartments LLC. Deering and two partners also arranged the $20.4 million
financing of the 200-unit Abbey Apartments in Lisle, Ill., for Abbey Capital
Michael Liefer, CCIM,
of Walker & Dunlop in Chicago arranged the $11 million financing of the
296-unit Mistwood Apartments in Madison, Wis., for Hilltop Realty Advisors.
Natalizio, CCIM, of Cornerstone
Realty Capital in Stoneham, Mass., arranged the more than $5.2 million
financing of a 17-unit multifamily property in Boston for Cleveland North End
Tony Carlson, CCIM,
of Grandbridge Real Estate Capital in Minneapolis arranged the $4.5 million
refinancing of a 107-unit multifamily property in St. Louis Park, Minn., for an
Cox, CCIM, of Thomas D. Wood and
Co. in Sarasota, Fla., arranged the more than $3 million financing of two
self-storage properties totaling 1,014 units in Stuart, Fla., and Vero Beach,
Fla., for Discount Mini Storage of Vero Beach LLC and Discount Mini Storage of
CCIM, of Avison Young in Mt. Pleasant, S.C., represented DI Partners LLC in the
$13 million sale of a 128-room hotel and 5,731-sf restaurant in Daniel Island,
S.C., to Daniel Island Ventures LLC.
Herman,CCIM,of The KeyesCo. in FortLauderdale, Fla.,
and a partnernegotiated
the more than $5.1million
sale of the 66-roomBeach Palace Hotel on A-1-A inFort Lauderdale
Elliott M. Ross, CCIM,
of RMC Ross Realty in Tampa, Fla., represented Synovus Bank in the $3.5 million
sale of the 530-room Travelodge Maingate Hotel in Kissimmee, Fla., to Carter
Hospitality Group LLC.
Matthew B. Shaw, CCIM, of Prudential Commercial Real Estate FL in
Trinity, Fla., and a partner represented GTE Federal Credit Union in the $3.6
million sale of a 42,887-sf former private school in Bradenton, Fla., to
Cairebear Properties LLC.
utilize a combination of CCIM member benefits they get the deal done. Mark Van
Ark, CCIM, of KW Commercial in
Boulder, Colo., attributes a more than $2.5 million industrial deal he closed
with Eric Rutherford, CCIM,
of Wright Kingdom Realtors in Boulder to chapter networking and CCIM technology
tools. “Without our local CCIM Chapter networking, the strength of this
property would not have been evident to potential buyers,” says Van Ark. He
represented MBL Land Co. LLC in the sale of the 38,700-sf industrial property
in Broomfield, Colo., to Cloudburst LLC. Rutherford represented the buyer. When
presented with STDB data, the buyer understood the value of the transaction and
the duo was able to close the deal.
“This transaction is a perfect example of an existing “have” being
matched with a “need” that arises during the normal course of a CCIM’s
practice,” says Van Ark.