CCIM Feature
Deal Makers
The
Biggest Deals
Russell
T. Noll, CCIM, of Transwestern in San Antonio and a partner negotiated the $33
million sale of 128,473 sf of medical office space in San Antonio from Sports
SA Holdings LP to an undisclosed buyer.
Justin
Arnold, CCIM, and Edwin A. White, CCIM, of Ed White & Associates in
Metairie, La., represented Lodge at Sonterra Ltd. in the $33 million sale of
the 326-unit Lodge at Sonterra multifamily property in San Antonio to Sonterra
Acquisition LLC.
Retail
Big
Deal
Fabio F.
Faerman, CCIM, of Fortune International – FA Commercial Advisors in Miami
represented an undisclosed seller in the more than $8.4 million sale of the
55,814-sf Plaza 8 Street Neighborhood Shopping Center in Miami to an
undisclosed buyer. Faerman also represented 999 Brickell in the 12-year, more
than $7.7 million lease of an 8,375-sf retail property in Miami to Coya
Restaurant.
Sandy G.
Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba represented FGL
Sports Ltd. in the more than $6.7 million lease of a 35,170-sf retail property
in Winnipeg from an undisclosed lessor. Shindleman also represented an
undisclosed lessor in the more than $2 million lease of a 50,102-sf retail
property in Winnipeg to Bianca Amor’s Liquidation Supercentre.
Timothy
C. Macker Jr., CCIM, of Coldwell Banker Commercial Westmac in Los Angeles
represented a private partnership in the more than $5.8 million sale of a
15,739-sf retail property in Beverly Hills, Calif., to a private investor.
Laurie
Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a
partner negotiated the more than $5.1 million sale of the 34,944-sf Lighthouse
Square in Groton, Conn., from an undisclosed LLC to a private investor.
Daniel
G. Stewart, CCIM, of Sperry Van Ness/Stewart Commercial Group LLC in Ann Arbor,
Mich., and a partner represented a Florida developer in the more than $5
million sale of a 14,820-sf Walgreens in Monroe, Mich., to an undisclosed
buyer.
John J.
McLaughlin, III, CCIM, of McLaughlin Investments in Boston represented Vernet
Properties in the more than $3.1 million purchase of the 27,702-sf Centre
Street Village in Danvers, Mass., from Linear Retail. McLaughlin also
represented Crescent Property Realty Trust in the $2.9 million purchase of the
10,600-sf Amherst Street Plaza in Nashua, N.H., from an undisclosed seller.
Cathy A.
Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and five partners
represented LBUBS 2002-C4 Retail 8000 LLC in the more than $2.9 million sale of
a 12,936-sf retail property in Las Vegas to Nader Moradian.
Office
Big Deal
Charles
Humphreys, CCIM, and David Sigmon, CCIM, of Coldwell Banker Commercial Caine
in Greenville, S.C., represented 200 East Broad LLC in the $16.8 million lease
renewal and expansion of 66,762 sf of office space in Greenville to Elliott
Davis LLC.
Paul S.
Schuckalo, Jr., CCIM, of Schuckalo Realty Corp. in Wayne, N.J., negotiated the
more than $8.2 million sale of 90,000 sf of office space in Wayne and
Hackensack, N.J., to 280 Holdings LLC.
Richard
Egitto, CCIM, of Inverness Properties in Englewood, Colo., and a partner represented
Greens at Inverness LLC in the $6.5 million sale of the 63,836-sf Greens at
Inverness office complex in Englewood to Limu LLC.
Jeffrey
C. Albee, CCIM, of Sperry Van Ness in Woodland Hills, Calif., and a partner
represented Chippewa Enterprises in the more than $6.1 million purchase of the
39,000-sf Arbors Plaza office building in Woodland Hills from an undisclosed
seller.
Stephen
G. Horn, CCIM, of Ian Black Real Estate LLC in Sarasota, Fla., negotiated the
13-year, $3.8 million lease of 19,962 sf of medical office space at MOBI in
Lakewood Ranch, Fla., from American Healthcare Investors to Coastal
Orthopedics.
R. Craig
Coppola, CCIM, and Andrew Cheney, CCIM, of Lee & Associates in Phoenix
represented California Casualty in the approximately $3 million lease renewal
of 27,750 sf of office space at the Talavi Corporate Center in Glendale, Ariz.,
from an undisclosed lessor.
Solomon
C. Lao, CCIM, of Lao & Associates Real Estate and Advisory Service in
Upland, Calif., represented an undisclosed lessee in the 7-year, more than $2.2
million lease of 13,930 sf of office space in Brea, Calif., from Abbey Co.
Thomas
F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., represented the
owner in the 5-year, more than $2 million lease of 10,000 sf of office space in
New York City to Social Assets LLC.
Industrial
Big Deal
MaryKay
West, CCIM, and Michael Merino, CCIM, of NAI Norris, Beggs & Simpson in
Portland, Ore., and a partner represented NATMI Truck Terminals LLC in the more
than $13 million sale of a 96,077-sf distribution center in Portland to Madrona
Cutter LLC and Gulsons Cutter LLC.
Lawrence
J. Kalman, CCIM, of Bellevue, Wash., represented Oak Creek Partners LLC in the
$7.3 million purchase of an 80,000-sf industrial/office flex warehouse in Lombard,
Ill., from Capital Real Estate.
Darrell
Okada, CCIM, and Arie Salomon, CCIM, of NAI Puget Sound Properties in Bellevue,
Wash., represented Partnership Leasing LLC in the $4.9 million sale of an
81,944-sf warehouse in Lynnwood, Wash., to a local investor. Okada and Salomon
also represented Partnership LLC in the $4.7 million sale of an 84,140-sf
manufacturing facility in Lynnwood to another local investor.
Elliot
M. Ross, CCIM, of RMC Ross Realty in Tampa, Fla., represented Family Limited Partnership
in the $4.7 million sale of a 276,160-sf industrial property in Tampa, Fla., to
Brandon Commerce Center LLC.
Solomon
C. Lao, CCIM, of Lao & Associates Real Estate and Advisory Service in
Upland, Calif., represented an undisclosed lessee in the more than 7-year, more
than $4.2 million lease of a 100,000-sf warehouse in Chino, Calif., from
Majestic Realty.
Land
Big
Deal
Fabio F.
Faerman, CCIM, of Fortune International – FA Commercial Advisors in Miami
represented PMG in the $25 million purchase of 26,182-sf of land in Miami from
1451 Brickell. Faerman also negotiated the more than $3.6 million sale of
14,712-sf of land in Miami from Spanish Group to a Mexican developer.
Christopher
G. Bowers Jr., CCIM, of Eshenbaugh Land Co., in Tampa, Fla., represented OB
Waterford LLC in the $5 million sale of 50.6 acres of land in Venice, Fla., to
Laurel Road Property LLC.
John H.
Capes, CCIM, of KW Commercial-VIP Group LLC in Augusta, Ga., negotiated the
$3.9 million sale of the Baker Place, 188-acre single-family housing
subdivision, in Columbia County, Ga., from Baker Place Partners LLC to Coel
Developers.
Susan
Borst, CCIM, of Colliers International in Las Vegas and three partners
represented Mendenhall Dynasty Trust 2012 in the more than $3.2 million purchase
of 18.9 acres of land in North Las Vegas, Nev., from an undisclosed seller.
William
A. Eshenbaugh, CCIM, of Eshenbaugh Land Co., in Tampa, Fla., represented a
family partnership in the $2.1 million sale of more than 76 acres of vacant
residential land in Ruskin, Fla., to CHW Investors LLC.
Financing
Big Deal
Lawrence
Harwood, CCIM, of Q10/Lutz Financial Services in Birmingham, Mich., arranged
the $28.5 million financing of 430,000 sf of office space in Ann Arbor, Mich.,
for an undisclosed borrower.
Parker
Briley, CCIM, of Willow Bend Commercial Capital in Dallas arranged the $27
million non-recourse construction loan of a 290-unit multifamily property in
Dallas for an undisclosed borrower.
Tony
Carlson, CCIM, of Grandbridge Real Estate Capital in Minneapolis arranged the
$12.8 million first mortgage loan of an 86-unit multifamily property in Golden
Valley, Minn., for an undisclosed borrower. Carlson also arranged the $5.2
million first mortgage loans of the 127,000-sf Encore Park office/warehouse
property in Minnetonka, Minn., and the 78,300-sf Pakwa Business Center
office/warehouse property in Edina, Minn., for an undisclosed borrower.
Neal
Churney, CCIM, of Johnson Capital in Scottsdale, Ariz., and a partner arranged
the more than $9.3 million financing of the 176-unit Bayside Apartments in
Phoenix for a Mexico-based investor.
Multifamily
Big Deal
E.
Baxter Evans, CCIM, of Baxter Evans and Co., in Forsyth, Ga., represented
Riverstone Park Apartments LLC in the $22.2 million sale of the 220-unit River
Stone apartment community in Macon, Ga., to an Atlanta-based national
multifamily investment firm.
Wayne G.
Loebig, CCIM, of Spartan Real Estate Services in Okemos, Mich., represented
Ludington-Sherman Oaks LLC in the $8.1 million purchase of the 172-unit
Sherman Oaks Apartments in Ludington, Mich. Matthew H. Callander, CCIM,
Callander Commercial in Portage, Mich., represented the seller, Morren Wiltjer
LLC.
Reid A.
Bennett, CCIM, of Sperry Van Ness in Chicago represented a private buyer in the
more than $7.2 million purchase of 26 condominium units at the Grand Bend
property in Evanston, Ill., from Blue Water Group LLC.
Casey
Babb, CCIM, of Marcus & Millichap in Tampa, Fla., negotiated the $3.5
million sale of the 84-unit Citrus Grove Apartments in St. Petersburg, Fla.,
from an undisclosed seller to a local not-for-profit organization.
Harlan
E. Reichle Jr., CCIM, of The Reichle Klein Group in Toledo, Ohio, and a partner
represented TriTex Park Terrace LLC in the $2.4 million sale of the 208-unit
Park Terrace Apartments in Toledo to an undisclosed buyer.
Jack
Chu, CCIM, of Portland, Ore., represented Optrend LLC in the more than $2.2
million purchase of the 20-unit Shirell Apartments in Portland from The Shire
Apartment LLC.
Specialty
Big Deal
Becky
Blair, CCIM, of Coldwell Banker Commercial Blair Westmac in Long Beach, Calif.,
represented Turnberry Corp., Beach Community Hospital LP in the $5 million sale
of a 28,239-sf hospital in Buena Park, Calif., to Dr. Kim et al.
Chris
Rink, CCIM, of Sperry Van Ness/Finest City Commercial in San Diego represented
Helix Real Estate Investment Trust in the $2.9 million purchase of the 8,000-sf
Diego Valley Charter High School in El Cajon, Calif., from Peckham Properties.
Mixed-Use
Big Deal
Amanda
Z. Reeves, CCIM, of Lee & Associates in Charleston, S.C., and two partners
represented a joint venture between Federal Capital Partners and Roi-Tan
Investments LLC in the $24.2 million purchase of the 244,000-sf Cigar Factory
building in Charleston from TSO Cigar Factory LLC.
Kathleen
Silver, CCIM, of Silver Commercial in Beverly Hills, Calif., and a partner
represented The ESP Co. Ltd., in the more than $6 million purchase of three
buildings totaling 16,120 sf in Hollywood, Calif., from a Los Angeles-based
family trust.
Brad
Cohen, CCIM, of Transwestern in Denver and a partner represented Green Courte
Partners LLC in the more than $6 million sale of a 25,770-sf mixed-use building
in Boulder, Colo., to an undisclosed buyer.
David
Sigmon, CCIM, of Coldwell Banker Commercial Caine in Greenville, S.C.,
represented JE Properties LLC in the $3.6 million sale of a 40,000-sf mixed-use
property in Greenville to 233 Greenville LLC.
CCIM ROI
After
sending a “have” message on CCIM Mailbridge for a 478-unit Budget Storage
property in Cabot, Ark., Rollin Caristianos, CCIM, of Trademark Real Estate in
Hot Springs, Ark., received a response from Todd Rice, CCIM, of Colliers
International in Little Rock, Ark. Despite the complexities of the transaction,
the CCIM team was able to close the deal within 90 days. “Rollin’s experience
as a fellow CCIM was critical in understanding how to dissect this complex
property,” says Rice who represented the buyer, Mini Storage Service Co. LLC in
the $2.7 million deal. Caristianos represented the buyer Robert Brooks
Properties LLC and credits Mailbridge and cash flow analysis models in helping
make this transaction a success. “As a fellow CCIM, Todd understood all the
cash flows, rents, and details necessary to close the deal,” Caristianos
says.