CCIM Feature
Deal Makers
The Biggest Deal
Patrick R. Luther, CCIM, of Faris Lee Investments in Irvine,
Calif., negotiated the $36 million sale of a 186,052-sf LA Fitness four-site
portfolio in Kentucky and Tennessee from a private seller to a real estate
investment trust.
Industrial
Big Deal
Michael Giuliano, CCIM, and Keith Anderson, CCIM, of Lee
& Associates in Ontario, Calif., negotiated the $21 million sale exchange
of a 106,394-sf industrial complex in Ontario for a 72,650-sf facility in North
Fontana, Calif., and an investment property in Arkansas for American Bolt and
Screw.
Jeremy D. Pope, CCIM, of Graham & Co., in Huntsville,
Ala., represented the Chrysler Group in the $10.5 million sale of a 843,000-sf
Chrysler manufacturing facility in Huntsville to Remington Outdoor Co.
Russell T. Noll, CCIM, of Transwestern in San Antonio and a
partner negotiated the 11-year, $9 million lease of a 179,953-sf manufacturing
facility in Monterrey, Mexico, to an international manufacturing firm.
Michael H. Tsaparian, CCIM, of Lee & Associates in
Commerce, Calif., and a partner represented TEAC America in the $7.5 million
sale of a 79,055-sf industrial property in Montebello, Calif., to Brimel LLC.
Duke A. Suwyn, CCIM, John J. Kuiper, CCIM, and Steve
Marcusse, CCIM, of Colliers International in Grand Rapids, Mich., negotiated
the more than 10-year, more than $5.2 million lease of a 110,000-sf industrial
property in Grand Rapids from Franklin Eastern LLC to Undercar Products Group.
John Sharpe, CCIM, of Lee & Associates in Rosemont,
Ill., and two partners represented Venture One in the 10-year, $5 million lease
of a 110,063-sf industrial property in Bloomingdale, Ill., to Compass Group.
Daniel E. Sight, CCIM, of Reece Commercial in Leawood,
Kan., represented Proudfit Investments LLC in the $4.6 million purchase of a
106,000-sf distribution center in Lenexa, Kan., from an undisclosed seller.
Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las
Vegas and three partners represented CPI Two LLC in the $4.5 million sale of a
46,691-sf industrial building in Las Vegas to Roberts Ranch Venture LP.
Joe D. Pelayo, CCIM, of Total Real Estate Consultants in
Coral Springs, Fla., represented JBJE Commercial Properties LLC in the more
than $2.8 million purchase of the 35,563-sf Tamarac Arch industrial property in
Tamarac, Fla., from Silverstein Enterprises.
Retail
Big Deal
Sheriar K. Khorsandian, CCIM, of Osceola Partners LLC in
Tampa, Fla., represented Morgran Ocala Center LLC in the more than $23.7
million leased fee interest land sale of a 263,750-sf power center in Ocala,
Fla., to an undisclosed buyer.
Scott D. Adams, CCIM, of Adams & Wilson Development in
Charleston, S.C., represented Faison in the $19.2 million purchase of the
350,000-sf Ashley Landing retail center in Charleston from an undisclosed
seller.
D’Arcy Browning, CCIM, of Re/Max Real Estate (Central) in
Calgary, Alberta, represented a private buyer in the $13 million purchase of
the 25,000-sf Westmount Village strip mall in Okotoks, Alberta, from a real
estate investment trust.
Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in
New Haven, Conn., and a partner negotiated the more than $9.4 million sale of
the 55,901-sf Union Square retail property in Southbury, Conn., from an LLC to
a private investor.
Ryan Imbrie, CCIM, of Sperry Van Ness/Imbrie Realty LLC in
Portland, Ore., represented LS Capital in the $8.2 million sale of a 30,380-sf
retail center in Hillsboro, Ore. Joseph C. Sandahl, CCIM, of Wyse Investment
Services Co. represented the buyer, Acorn NW Real Estate Fund I.
Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las
Vegas and five partners represented TME Red Rock Plaza LLC in the more than
$6.3 million sale of a 42,246-sf retail building in Las Vegas to Falkor
Properties LLC.
Sandy G. Shindleman, CCIM, of Shindico Realty in Winnipeg,
Manitoba, represented an undisclosed seller in the more than $5.3 million sale
of a 15,500-sf retail property in Winnipeg to Autotown.
Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in
Stuart, Fla., represented the undisclosed owner in the 10-year, more than $3
million lease of a 2,500-sf restaurant in New York City to American Ootoyo.
Ed Colson Jr.,CCIM, of Cassidy Turley San Diego in San
Diego and a partner represented Bayou Grove LP in the $2.4 million purchase of
4,000 sf of retail space in Missouri City, Texas, from Dawn Broken Arrow.
Gary W. Lyons, CCIM, of Avison Young in Raleigh, N.C., and
a partner represented I&V Properties LLC in the more than $2.2 million
sale/leaseback of the 16,500-sf Gold’s Gym property in Porter’s Neck, N.C., to
Blue Gem.
Stephen V. Jacquemin, CCIM, of S.J. Financial Group in
Ellisville, Mo., represented St. Joseph LLC in the more than $2.1 million sale
of the 39,000-sf Associated Grocers in St. Joe, Mo., to an undisclosed buyer.
William Lightfoot, CCIM, of CB Richard Ellis/Oklahoma in
Oklahoma City represented Mustang Jack LLC in the more than $2 million sale of
a 2,370-sf Jack in the Box in Mustang, Okla., to an undisclosed buyer.
Office
Big Deal
Shawn Carstens, CCIM, of Griffin Capital in El Segundo,
Calif., and a partner represented Griffin Capital Essential Asset REIT in the
$19.1 million purchase of the 102,035-sf Farmers Insurance Exchange National
Claims Facility in Olathe, Kan., from an undisclosed seller.
Chris Paszyc, CCIM, of CBRE The Boulos Co. in Portland,
Maine, and a partner represented Lot 18 LLC in the $14.7 million sale of the
51,000-sf MaineGeneral Musculoskeletal Center in Augusta, Maine. Eric
Tompkins, CCIM, of CBRE/Healthcare Services in San Diego and Andrew Kushner,
CCIM, of Re/Max Commercial in East Greenwich, R.I., represented the buyer, MMAC
Acquisition Corp.
Thomas Y. Johnson, CCIM, of Sperry Van Ness in Reno, Nev.,
negotiated the $11 million sale of the 102,000-sf Technology Way Office Park in
Carson City, Nev., from an undisclosed seller to Holly Lakepoint LLC.
Andy Seleznov, CCIM, Melissa Lal, CCIM, and George C.
Larsen, CCIM, of Larsen Baker LLC in Tucson, Ariz., represented an affiliate of
Larsen Baker LLC in the $9.1 million sale of the 82,942-sf Muscular Dystrophy
Association offices in Tucson from MDA.
Michael D. Staskiewicz, CCIM, of Lee & Associates – New
Jersey LLC in Elmwood Park, N.J., represented ASC Mountainside Realty in the
more than $8.4 million sale of a 41,531-sf medical office building in
Mountainside, N.J., to The Punia Co.
Fred B. Miehe Jr., CCIM, of Sulentic-Fischels Commercial
Group in Waterloo, Iowa, and a partner represented Veridian Credit Union in the
more than $5.3 million purchase of a 66,500-sf office building at the Cedar
Falls Technology and Industrial Park in Cedar Falls, Iowa, from an undisclosed
seller.
Hubert King, CCIM, of Treeline Realty & Investment in
Los Angeles and a partner negotiated the more than $3.5 million sale of a
5,278-sf office building in Beverly Hills, Calif., from Allsure Investment to a
local law firm.
David W. Auel, CCIM, of Avison Young in Pittsburgh
represented James T. Kelly LP in the more than $3.1 million purchase of a
32,000-sf office property in Pittsburgh from an undisclosed seller.
John M. Peckham, III, CCIM, of Peckham Boston Advisors in
Boston negotiated the more than $2.8 million sale of a 75,992-sf office
building in Worcester, Mass., from 51 Union Realty LLC to 1430 Commonwealth
LLC.
Richard Cheng Lee, CCIM, of Commercial Facilities in San
Diego represented Lyons-Warren Partners in the $2.7 million sale of a 24,500-sf
office building in Kearny Mesa, Calif., to Harvey.
Brian T. Ahearn, CCIM, of Coldwell Banker Commercial NRT in
Aventura, Calif., represented ID & Design USA LLC in the $2.1 million
purchase of a 13,544-sf office building plus bank drive-through in Oakland
Park, Fla., from Broward Realty Corp.
Land
Big Deal
William A. Eshenbaugh, CCIM, and Ryan Sampson, CCIM, of
Eshenbaugh Land Co. in Tampa, Fla., represented an undisclosed seller in the
$18.2 million sale of more than 1,000 acres of land in Plant City, Fla., to
Walton International Group.
Donald Mulholland, CCIM, of Bosley Real Estate in Toronto,
Ontario, negotiated a $9.3 million, 15,286-sf land assembly sale in Toronto
from private sellers to The Harlow.
T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla.,
negotiated the $5 million sale of a 3.4-acre apartment development site in
Tampa, Fla., from an Atlanta-based development and investment company to a
joint venture between Framework Group LLC and Northwood-Ravin.
Hubert King, CCIM, of Treeline Realty & Investment in
Los Angeles and a partner negotiated the more than $3.3 million sale of 1.6
acres of land from ABIA LLC to a local investor.
David Fritz, CCIM, of NAI KLNB LLC in Ellicott City, Md.,
and a partner represented Cinder & Concrete Block Corp., in the $2 million
sale of 8 acres of land in Jessup, Md., to TRI M Properties LLC.
Financing
Big Deal
Lawrence Harwood, CCIM, of Q10/Lutz Financial Services in
Birmingham, Mich., arranged the more than $33.7 million financing of an
814-unit multifamily portfolio in southeast Michigan for an undisclosed
borrower.
Joshua Davis, CCIM, of Grandbridge Real Estate Capital in Charlotte,
N.C., and a partner arranged the $33.3 million financing for a 325-unit
multifamily property in Mount Pleasant, S.C., for the Boulevard Apartments.
Multifamily
Big Deal
T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla.,
and a partner negotiated the $11 million sale of the 368-unit Mariners Pointe
Apartments in St. Petersburg, Fla., from a Texas-based fund to a Georgia-based
investment group.
Reid A. Bennett, CCIM, of Sperry Van Ness in Chicago negotiated the
more than $2.8 million sale of a 118-unit student housing/multifamily property
in South Bend, Ind., from 424 Francis LLC to Eddy Street Townhomes.
Hospitality
Daren W. Hebold, CCIM, of Lux Realty Group in Portland,
Maine, represented Geoffrey Blake in the $4.3 million sale of the 30-room
Marginal Way House in Ogunquit, Maine, to an undisclosed buyer.
Specialty
Joanne M. Stevens, CCIM, of NAI Iowa Realty Commercial in
Cedar Rapids, Iowa, negotiated the $3 million package sale of the 158-unit
Bluffview Estates mobile home park in North Freedom, Wis., and a 24-unit
multifamily property in Marinette, Wis., from John Scharlau to April Youngs.
Mixed-Use
Big Deal
Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco
represented The Arseny and Olga Kovshar Private Charitable Foundation in the
more than $8.4 million sale of a 27,257-sf retail/office property in San
Francisco to Yue Yue LLC.
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
“The CCIM workbook and calculators were essential for
providing the buyer and the buyer’s lender a clear depiction of forecasted
rents for this property,” says Mark H. Mizell, CCIM, of Sadler Group in
Charleston, S.C. Mizell represented NCGS in the more than $3.7 million purchase
of 17,200 sf of office space in historic downtown Charleston. “A redevelopment
transaction of this size coupled with the historic nature of the building is
always complicated,” adds Mizell. Luckily, having Reid Davis, CCIM, of Lee
& Associates in Charleston on the other end of the table representing 26
& 28 Broad St., LLC, kept things running smooth. “Working with a fellow
CCIM was very helpful,” says Mizell. “This paved the way for clear
communication between both parties to ultimately close the deal.”