CCIM Feature

Deal Makers

The Biggest Deal

Adriana J. Rosillo, CCIM, of Pointe Group Advisors in Coconut Grove, Fla., and two partners represented Mercantil Commercebank Florida Bancorp in the $75 million purchase of a 175,376-sf office building in Coral Gables, Fla., from 220 Alhambra Circle LP.

Office

Big Deal

R. Craig Coppola, CCIM, and Andrew Cheney, CCIM, of Lee & Associates in Phoenix represented FCA Fund Phoenix I LLC in the $58.4 million sale of the 293,161-sf Desert Ridge Corporate Center I&II in Phoenix to Regent Properties. Coppola and Cheney also represented Valley of the Sun United Way in the more than $8.7 million lease of 32,806 sf of office space at the Biltmore Commerce Center in Phoenix from New Biltmore LLC.

Kenneth Ormsby, CCIM, of Ezcorp in Austin, Texas, represented his company in the 13-year, more than $50 million lease of 139,000 sf of office space in Rollingwood, Texas, from Endeavor Real Estate Group.

Tim Kerrigan, CCIM, of Investors Realty in Omaha, Neb., represented Pacific Life in the $17 million lease of 75,000 sf of office space in Omaha from Zone V LLC.

Charles Copelan, CCIM, of McKinney Advisory Group in San Diego, April Kohnen, CCIM, of Pacific Sotheby’s International Realty in San Diego, Tim With, CCIM, of Colliers International in Albuquerque, N.M., and Thomas C. Jenkins, CCIM, of CBRE in Albuquerque represented Omninet Capital in the more than $13.2 million purchase of 421,000 sf of office space at Plaza Campana in Albuquerque from Qwest Corp.

Eric J. Larkin, CCIM, of NAI Vegas in Las Vegas represented NAI Asset Services in the more than $8.9 million sale of the 213,257-sf Wells Fargo Financial Center in Las Vegas to Omninet Capital.

Stephen A. Cunningham, CCIM, of LandQwest Commercial in Fort Myers, Fla., represented 3033 Winkler Avenue LLC in the more than $4.2 million purchase of the 70,301-sf former VA medical facility in Fort Myers from an undisclosed seller.

Nicholas Nicketakis, CCIM, of Callahan Blandings Schaper Real Estate in Waukegan, Ill., represented Great Lakes Credit Union in the $4.2 million purchase of a 36,400-sf office building in Bannockburn, Ill., from an undisclosed seller.

Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., represented the owner in the 10-year, $4 million lease of 7,500 sf of office space in New York to Magnetic Collaborative LLC.

Jarrad Katz, CCIM, of MLD Group in Las Vegas and a partner represented Pelican-Zim LLC in the 15-year, more than $3.2 million lease of 10,000 sf of medical office space in Las Vegas to Total Renal Care.

Industrial

Big Deal

Ethan Offenbecher, CCIM, and Steve Offenbecher, CCIM, of Coldwell Banker Commercial Offenbecher in Puyallup, Wash., and a partner represented 24th Street Industrial Park LLC in the $17.5 million sale of the 234,000-sf 24th Street Industrial Park in Sumner, Wash., to Harsh Investment Properties. Ethan and Steve also represented M&L Investments in the $3.3 million sale of 47,500-sf Pioneer Industrial Park in Puyallup to an undisclosed buyer.

Terry Coyne, CCIM, of Newmark Grubb Knight Frank in Cleveland and John E. Huguenard, CCIM, of JLL in Chicago represented the seller in the $15 million sale of a 255,570-sf industrial property in Twinsburg, Ohio,

Steve Seidl, CCIM, of Seidl & Associates in Green Bay, Wis., and a partner represented a subsidiary of Wells Fargo Bank in the 10-year, $6.9 million lease of 150,000 sf of industrial space in Green Bay to Wisconsin Builders Supply.

Jon Reno, CCIM, of Heger Industrial in Los Angeles represented the Bronte Family Trust in the $6.4 million sale of a 57,650-sf industrial property in Vernon, Calif., to Fresh American Produce.

Robin Kean, CCIM, and Cynthia Greenwell, CCIM, of Kean Properties LLC in Kihei, Hawaii, represented Duesenberg Investment Co., in the more than $3.9 million sale of a 41,554 sf industrial property in Wailuku, Hawaii, to Scannell Development Co.

Edward Redlich, CCIM, and Christopher Spear, CCIM, of ComReal Miami in Miami represented Paramount Property Developers in the more than $3.4 million sale of the 55,000-sf Homestead Warehouse in Homestead, Fla., to Mirai Holdings.

William V. Gonnering, CCIM, and Christine McManus, CCIM, of Investment Properties Corp., in Naples, Fla., and a partner negotiated the more than $3.3 million sale of 30,000 sf of industrial space in Naples from Kiropa Island LLC to Collier County.

Retail

Big Deal

Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a partner represented a national net-lease investor in the more than $11.3 million sale of a 12,900-sf CVS/pharmacy in Saugus, Mass., to an undisclosed buyer. Drinkwater and a partner also represented a New York-based seller in the $8.7 million sale of the 140,918-sf Mentor City Shopping Center in Mentor, Ohio, to an undisclosed buyer.

David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the $10.5 million sale of the 48,735-sf Tanglewood Marketplace in Naples from Naples Tanglewood Holdings LLC to Downtown Mini Storage LLC. Stevens and a partner also represented GC Partnership Ltd. in the $5 million sale of a 15,173-sf restaurant in Naples to Naples 5th Avenue Hotel LLC.

Adam P. Von Romer, CCIM, of The Fitzgerald Group in Fort Lauderdale, Fla., represented PVA Realty Trust in the more than $6.5 million purchase of a 14,490-sf Walgreens in Murphreesboro, Tenn., from Hyannis Investments.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and three partners represented Westlake Farms in the more than $6 million purchase of a 15,120-sf Walgreens in Phoenix from an undisclosed seller. Jones and three partners also represented 820-860 Twain LLC in the $5.2 million sale of a 57,359-sf retail property in Las Vegas to Swenson Properties LLC.

David Wallace, CCIM, of CRE Consultants in Naples, Fla., represented Oakes Farms in the $5 million purchase of a 65,000-sf former Albertson’s in Naples from an undisclosed seller.

Clinton L. Sherwood, CCIM, and David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., and two partners negotiated the $4.1 million sale of 40,495 sf of retail space in Naples from Philip J. McCabe to Sugden Park Plaza LLC.

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented FGL Sports Ltd. in the more than $3.9 million lease of a 19,498-sf retail property in Winnipeg from an undisclosed lessor.

Mixed-Use

Big Deal

Michael Milano, CCIM, of Colliers International Tampa Bay in Tampa, Fla., and Cynthia Shelton, CCIM, and Kane Morris-Webster, CCIM, of Colliers International Central Florida in Orlando, Fla., and a partner represented Casto-Zenith Venture LLC in the $19.1 million sale of a 59,341-sf mixed-use property in Sarasota, Fla., to Consolidated-Tomoka Land Co.

Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented 1030 Polk Associates LP in the $13 million sale of a 41-unit multifamily and retail property in San Francisco to an undisclosed buyer.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and three partners represented CMA Industries LLC & Solutions Holdings LLC in the more than $7.5 million sale of a 69,173-sf sale-leaseback portfolio comprised of an office building and eight residential homes in Las Vegas to Store Capital Acquisitions LLC.

Gary Lyons, CCIM, of Avison Young in Raleigh, N.C., and a partner represented Rogers Alley Ventures LLC in the more than $6 million sale of the 30,000-sf Rogers Alley mixed-use complex in Durham, N.C., to Equator Capital Management.

Larry Ingraham, CCIM, of Emerald Properties Brokerage & Development LLC in Lynwood, Wash., represented Mountlake Terrace TOD in the more than $3.6 million purchase of a 4.8-acre mixed-use development site in Mountlake Terrace, Wash., from an undisclosed seller.

Land

Big Deal

Woody Moore, CCIM, of Colliers International in Columbia, S.C., and two partners represented an undisclosed seller in the $12.5 million sale of more than 50 acres of land in Columbia and Mount Pleasant, S.C., to an undisclosed buyer.

Kent Taylor, CCIM, of Taylor Commercial Real Estate in Austin, Texas, represented VJ 1700 Investments LLC and Gerald Henke in the more than $8.2 million sale of 4.4 acres of redevelopment land in Austin to Flournoy Development Co.

William H. Rollins, CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented University Highlands LP in the more than $6.6 million sale of 18 acres of land in Estero, Fla., to Continental Properties.

James Wittman, CCIM, of Regency Properties in Evansville, Ind., represented the seller in the $4.5 million sale of 11.5 acres of land in Terre Haute, Ind., to Vista Cos.

Specialty

Big Deal

Camille Renshaw, CCIM, of Stan Johnson Co., in New York and a partner represented a New Jersey medical developer in the $19.1 million sale of a 37,660-sf medical property in Vineland, N.J., to Lexington Realty Trust.

Scott M. Schmitt, CCIM, of Coldwell Banker Commercial Orion in Waite Park, Minn., represented an undisclosed seller in the more than $9.1 million sale of two Fitness Evolution centers totaling 80,000 sf in St. Cloud, and Sartell, Minn., to a real estate investment trust.

Curtis A. Skomp, CCIM, of Re/Max Commercial Keys Connection in Key West, Fla., negotiated the more than $3.5 million sale of the 6-acre Hurricane Hole Marina & Complex in Key West from an undisclosed seller to a private buyer.

Joseph Belinske, CCIM, of Reichle Klein Group in Toledo, Ohio, represented Around Town Storage in the $3.4 million sale of a 695-unit self-storage facility in Toledo to BF Self Storage.

Multifamily

Big Deal

John Preiss, CCIM, of The Preiss Co., in Raleigh, N.C., represented Orion LLC in the $29.2 million purchase of the 156-unit Orion on Orpington in Orlando, Fla., from an undisclosed seller.

Michael Fowler, CCIM, James Davis, CCIM, and Rick Baker, CCIM, of Brown Investment Properties in Greensboro, N.C., represented Madison Woods Apartments LLC in the $7 million sale of the 180-unit Madison Woods Apartments in Greensboro to Madison Greensboro LLC.

Hospitality

George Brown, CCIM, of Wood Properties in Knoxville, Tenn., and a partner represented 5 Torrey Hills LLC in the more than $3.6 million sale of the 135,000-sf former Farragut Hotel in Knoxville to Family Pride Corp.

Financing

Beth Harrelson, CCIM, of Q10 Professional Mortgage of North Carolina in Raleigh, N.C., arranged the $11.5 million financing of a 115,000-sf multi-tenant class A office property in Charlotte, N.C., for an undisclosed borrower.

CCIM ROI

“Instant credibility” is what the CCIM designation signifies says James Resha, CCIM, of Sperry Commercial in Irvine, Calif. Resha credits his designation as a door-opener when he approached John Hsu, CCIM, of STC Management in Whittier, Calif., about an off-market 78,956-sf retail and office property owned by Hsu’s client in City of Industry, Calif. “Armed with the knowledge of commercial investment and the experience to back it up, Jim and I were able to easily handle the negotiation swiftly,” Hsu says. Resha represented Cooper Property Investors LLC in the $43 million purchase. Hsu, along with Dalerie Wu, CCIM, of STC Management, represented the seller, America West Investments. “This was a large and complicated transaction, but because there was mutual respect for the designation, it went extremely smooth,” adds Resha.