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.
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
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.
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
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
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
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
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.
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.
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.
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
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
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
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
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.
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.
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.
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.”