CCIM Feature

Deal Makers

The Biggest Deal

Jill K. Rasmussen, CCIM, of The Davis Group in Minneapolis and two partners represented National Marrow Donor Program in the 15-year, $131 million lease of a 237,500-sf build-to-suit development in Minneapolis from United Properties.

Multifamily

Big Deal

T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla., and a partner negotiated the $54.5 million sale of a 605-unit multifamily portfolio in Tampa and Plantation, Fla., from a Mid-Atlantic investment group to Preston Giuliano Capital Partners.

John W. Preiss, CCIM, of The Preiss Co. in Raleigh, N.C., represented his company in the $29 million purchase of a 200-unit multifamily portfolio in Wilmington, N.C., from MFH Construction.

Michael Miyagishima, CCIM, of Sperry Van Ness MCRE in San Francisco negotiated the $19.2 million sale of the 212-unit Indigo Creek Apartments in Las Vegas from Indigo Creek Apartments LLC to FAOF Indigo Creek LLC.

George Yessaie, CCIM, of Lee & Associates in Sherman Oaks, Calif., negotiated the more than $8.1 million sale of the 32-unit Winchester Apartments in Glendale, Calif., from the Howard family to Cusumano Real Estate Group.

Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner negotiated the $6 million sale of the 52-unit Montclair Court Apartments in Montclair, N.J., from BFM Holdings to Montclair Court LLC.

Kevin Chin, CCIM, of Sperry Van Ness in San Francisco represented Urban Phoenix Associates in the more than $4.9 million sale of a 39-unit multifamily property in San Francisco to 555 Eddy C1 LLC.

Industrial

Big Deal

Arie Salomon, CCIM, and Jeffery S. Forsberg, CCIM, of NAI Puget Sound Properties in Bellevue, Wash., represented Industrial Income Trust in the 10-year, $30 million lease of 381,792 sf of industrial space in the Sumner Distribution Center in Sumner, Wash., to the U.S. General Services Administration.

David A. Lasser, CCIM, of Commercial In-Sites in Merrillville, Ind., and Nathan Hale, CCIM, of Mohr Partners in Dallas represented Dawn Foods in the 17-year, $22 million lease of 115,000 sf of industrial space in Merrillville from Tippman. Lasser and Hale also represented Dawn Foods in the $3.9 million sale of the 120,000-sf Dawn Foods building in Crown Point, Ind., to Van Drunen Farms.

Jeff Heaton, CCIM, of Newmark Grubb Acres in Salt Lake City negotiated the $13.8 million sale of a 275,080-sf industrial property in Salt Lake City from Chambers Street Properties to Cobalt Capital Partners.

Lloyd Berry, CCIM, and Lynn Reich, CCIM, of Colliers International in Chicago completed a 7-year, $7.4 million lease renewal of 151,000 sf of industrial space in Loves Park, Ill. John Gledhill, CCIM, of CBRE in Schaumburg, Ill., and a partner represented the lessee, GE Aviation.

John Bogdasarian, CCIM, and Brad McFarlane, CCIM, of The Promanas Group in Ann Arbor, Mich., represented its Commercial Real Estate Private Equity Fund PF2 LLC in the $6.2 million purchase of a 203,100-sf industrial property in Livonia, Mich., from First Industrial.

Whitney E. Kerr Jr., CCIM, of Cassidy Turley in Kansas City, Mo., represented Hock Trust in the $5.4 million sale of a 200,000-sf industrial property in Lenexa, Kan., to Williams Foods. E. Gibson Kerr, CCIM, of Cassidy Turley in Kansas City, represented the buyer.

James Snyder, CCIM, of Lee & Associates in Newport Beach, Calif., and two partners represented PM Asset Resolution in the $5.3 million sale of a 49,700-sf industrial property in Santa Ana, Calif., to Erik and Christy Johnson.

James P. Center, CCIM, of Newmark Grubb Knight Frank in City of Industry, Calif., represented Howard Lim Trust in the $5 million sale of a 60,000-sf industrial property in City of Industry to Rockview Dairies.

Arnold Ng, CCIM, of Apex Commercial Real Estate in Torrance, Calif., represented an undisclosed buyer in the $4.5 million purchase of an 85,000-sf industrial property in Bellflower, Calif., from an undisclosed seller.

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed buyer in the $3.5 million sale of a 60,000-sf industrial property in Winnipeg from an undisclosed seller.

Retail

Big Deal

Brett A. Sherman, CCIM, of Angel Commercial LLC in Southport, Conn., and a partner represented the Kowalski family in the more than $54.2 million sale of the 90,000-sf Village Center in Westport, Conn., to Equity One.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and three partners represented Carmar LLC in the more than $12.9 million purchase of the 192,075-sf Civic Center Plaza in North Las Vegas, Nev., from an undisclosed seller.

Ed Colson Jr., CCIM, of Cassidy Turley in San Diego and a partner represented SCC Kyle Lot J-1 Ltd. in the more than $8 million sale of the 26,064-sf Village at Kyle in Kyle, Texas, to a private investor.

Garry E. Adams, CCIM, of Capital Realty in Sherman Oaks, Calif., represented the owner in the 10-year, $8 million lease of 50,000 sf of retail space in Palm Desert, Calif., to PGA Tour Superstores.

Chris Rink, CCIM, of Sperry Van Ness/Finest City Commercial in San Diego, Calif., represented a California-based investment partnership in the more than $5.6 million purchase of a 14,820-sf Walgreens in Peoria, Ill., from a Michigan-based LLC.

Adam P. Von Romer, CCIM, of The Fitzgerald Group in Fort Lauderdale, Fla., negotiated the $5.6 million sale of a 9,400-sf triple net-leased restaurant in Fort Lauderdale from Boyle Las Olas LLC to Tim Petrillo.

Nicholas L. Miner, CCIM, of Orion Investment Real Estate in Scottsdale, Ariz., represented Shoppes at Atrium LLC in the $5.2 million sale of the 20,482-sf Atrium Shoppes in Chattanooga, Tenn., to Li Group Three LLC.

David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., represented 936 Fifth in the $5.2 million sale of the 10,381-sf St. George and the Dragon restaurant in Naples to The George LLC.

Office

Big Deal

Richard Egitto, CCIM, of Inverness Properties in Englewood, Colo., and a partner represented Denver United LLC in the 15-year, $81 million lease of the 161,218-sf ParkRidge Six office building in Lone Tree, Colo., to tw telecom.

Timothy D. Cross, CCIM, of Syndicon Properties in Coral Springs, Fla., represented Syndicon Properties in the $31 million sale of the 91,000-sf MedArts in the Springs medical-office complex in Coral Springs to an affiliate of CNL Healthcare Properties.

Peter G. Rasmusson, CCIM, of Lee & Associates in Elmwood Park, N.J., represented Dish Network in the more than 10-year, $10 million lease of a 56,472-sf call center in Roseland, N.J., from KABR Real Estate Investment Partners.

Sandy Shindleman, CCIM, Shindico Realty in Winnipeg, Manitoba, represented an undisclosed lessor in the more than $5.5 million lease of 33,153 sf of office space in Winnipeg to Canadian Tire Corp.

Andrea L. Davis, CCIM, of Andrea Davis Commercial Real Estate in Scottsdale, Ariz., and a partner represented Alliance Real Estate Holdings LLC in the $5.2 million sale of a 22,080-sf office property in Phoenix to East Chauncey Holdings LLLP.

Ross Hedlund, CCIM, of Frauenshuh Commercial Real Estate in Minneapolis represented an undisclosed seller in the $4.5 million sale of a 104,063-sf office building in Brooklyn Center, Minn., to Atwater Group.

Whitney E. Kerr Jr., CCIM, of Cassidy Turley in Kansas City, Mo., represented Arghon in the $3.6 million purchase of the 130,000-sf Argyle Building in Kansas City from Citizens Bank. E. Gibson Kerr, CCIM, of Cassidy Turley in Kansas City, represented the seller.

Land

Big Deal

Paul Lepine, CCIM, of James P. McCrory Co. in Fort Lauderdale, Fla., negotiated the $27 million sale of more than 2.8 acres of land in Coral Gables, Fla., from Yeung Property Holdings to Coral Gables Luxury Holdings LLC.

John Lambert, CCIM, of Collett in Charlotte, N.C., represented John B. Young in the $5 million sale or 30.9 acres of land in Charlotte to Tim McKinney.

Alan Joel, CCIM, of Joel and Granot Real Estate/Corfac International in Atlanta and a partner represented SCP Acquisitions LLC in the $5 million purchase of more than 5.1 acres of land in Tuscaloosa, Ala., from City Shopping Center.

Michael D. Doyle, CCIM, of LandQwest Commercial in Fort Myers, Fla., represented Coconut Point Ventures LLC in the more than $3.5 million purchase of 7 acres of land in Estero, Fla., from Sanibel Captiva Community Bank.

Financing

Big Deal

Peter P. Hegg, CCIM, and Paul O. Hegg, CCIM, of Hegg Cos. in Sioux Falls, S.D., arranged the $44 million equity and debt financing of the 239-unit North Highlands Apartment development in Minot, N.D., for Bakken Select Fund.

Blake Lacy, CCIM, of Broadway National Bank in San Antonio arranged the more than $27.7 million financing of a 412-unit multifamily property in San Antonio for an undisclosed borrower.

Paul B. Natalizio, CCIM, of Cornerstone Realty Capital in Lexington, Mass., arranged the $26.9 million financing for the construction of the 104-unit The Icon apartment property in Boston for 75 Brainerd Road LLC. Natalizio also arranged the $3.6 million financing of a 63-unit mixed-use property in Malden, Mass., for United Properties.

Leonard P. Deering, CCIM, of Berkadia Commercial Mortgage LLC in Chicago and two partners arranged the $15.8 million financing of the 113,000-sf Serenity HighPoint Apartments in Romeoville, Ill., for Marquette Cos.

Kenneth M. Fox, CCIM, of Cohen Financial in San Francisco arranged the more that $6 million refinancing of the 640-unit Point Richmond Self-Storage facility in Richmond, Calif., for the owner.

Shahid K. Abdulla, CCIM, of PlainsCapital Bank in San Antonio arranged the $2.9 million purchase money mortgage of a 29,613-sf industrial property in Mesquite, Texas, for a private investment group.

Hospitality

David E. Smith, CCIM, of Re/Max Commercial Midwest in Omaha, Neb., represented Inn at Cherry Hills LLC in the $6.2 million sale of an 84-room Holiday Inn Express in Omaha to Pair-A-Dice Properties IV LLC.

Specialty

Big Deal

Gary Lyons, CCIM, of Avison Young in Raleigh, N.C., represented Vintage21 Church in the $5 million purchase of the 30,000-sf Long View Center in Raleigh from Woodpile LLC.

Gene J. Livens, CCIM, of Church Properties in Arlington, Texas, negotiated the more than $4.9 million sale of the 114,537-sf First Baptist Church in Grand Prairie, Texas, from First Baptist Church of Grand Prairie to Uplift Education.

Mixed-Use

Big Deal

Douglas D. Kelly, CCIM, of Emerald Realty Group in Bethlehem, Pa., represented Posh Properties No. 32 in the $6.7 million purchase of a 55,000-sf office and retail property in Beth- lehem from DTC 60 W. Broad.

Anthony R. Bolling, CCIM, of KW Commercial in Upper Marlboro, Md., negotiated the $4.9 million sale of a 23,228-sf office and retail property in Washington, D.C., from H Street Community Development Corp. to Douglas Development Corp.

Carole C. Tam, CCIM, of Coldwell Banker Commercial in Arcadia, Calif., represented an undisclosed seller in the $3.8 million sale of a 51,563-sf mixed-use property in Temple City, Calif., to an undisclosed buyer.

CCIM ROI

When looking for financing on behalf of a 1031 exchange buyer with a tight timeline, Federico Rochwerger, CCIM, of Keyes Commercial in Boca Raton, Fla., turned to his CCIM network. “I posted a Mailbridge message and received an email from Parker Briley, CCIM, within minutes,” Rochwerger says. Briley, of Willow Bend Commercial Capital in Dallas, brought a local lender to the table that provided the $1.7 million in financing needed to close the $2.5 million sale of the 9,451-sf Golden Corral in Richardson, Texas. The deal closed in only 29 days with a 7-year term at a 5 percent fixed rate and a 25-year amortization with 15 years remaining on the lease term. The loan-to-value ratio was 68 percent. “Parker brought the most aggressive and compatible lender to the table,” says Rochwerger. “This was a very complex transaction — something a CCIM would know how to handle.”

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