CCIM Feature

Deal Makers

The Biggest Deal

Lawrence J. Harwood, CCIM, of Q10|Lutz Financial Services in Birmingham, Mich., arranged the $46.5 million refinancing of a 345,000-sf retail power center in Orion Township, Mich., for an undisclosed borrower. Harwood also arranged the $29.2 million financing of a 617-unit multifamily complex in Lansing, Mich., for an undisclosed borrower.

Industrial

Big Deal

Jeff Hoffman, CCIM, of Cushman & Wakefield/The Boerke Co. in Milwaukee represented Stella & Chewy’s in the $41 million sale a 164,007-sf build-to-suit food processing facility in Oak Creek, Wis., to Lexington Realty Trust.

Ruby F. Chou, CCIM, of Realty Brokers International in Rolling Hills Estates, Calif., represented American Rena International Corp., in the more than $9 million purchase of the 67,557-sf Avery Research Center in Pasadena, Calif., from Hager Pacific Properties LLC.

Charles M. Clifton, CCIM, of Charles M. Clifton LLC in Tampa, Fla., represented JWET Realty Corp. in the $4.9 million sale of the 171,000-sf Taylor Made Industries manufacturing facility in Bradenton, Fla., to Bradenton Property Investments LLC.

R. Milton Thomas, III, CCIM, of Lee & Associates Charleston in Charleston, S.C., represented Summerville Industrial Park in the $3.4 million sale of a 50,000-sf industrial property in Summerville, S.C., to Pierce Hardy LP.

Garret Harper, CCIM, of NAI Norris, Beggs & Simpson in Vancouver, Wash., represented Herschell Management LLC in the more than $3.2 million purchase of the 40,870-sf Padden Industrial Park in Vancouver from Heuvel Enterprises LLC.

Beau Beery, CCIM, of Coldwell Banker Commercial M.M. Parrish in Gainesville, Fla., represented Nalbandian Properties in the $3.2 million purchase of a 43,000-sf industrial property in Gainesville from Medical Devices Technologies.

Retail

Big Deal

Sean Glickman, CCIM, of Coldwell Banker Commercial NRT in Maitland, Fla., represented his client in the $27 million sale of the 206,365-sf Meridian Crossings power center in Meridian, Miss., from an undisclosed seller. Glickman also represented a retail investment firm in the $9.3 million sale of the 49,329-sf Colonial Town Center in Orlando, Fla., to an international investment firm.

Ember Grummons, CCIM, of Investors Realty in Omaha, Neb., represented an affiliate of Integris Ventures in the more than $16.7 million purchase of the 115,495-sf Centro Plaza shopping center in Lincoln, Neb., from an undisclosed seller.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Spanish Ranch I LP in the more than $12 million sale of an 80,247-sf retail center in Mesa, Ariz., to SSIF-Augusta Ranch 2 LP.

Nicholas L. Miner, CCIM, of Orion Investment Real Estate in Scottsdale, Ariz., and a partner negotiated the $9.3 million sale of the 103,000-sf Sunburst Plaza in Glendale, Ariz., from The Sunburst Plaza Co. LLC to Sunburst Station LLC.

Ryan Imbrie, CCIM, of Sperry Van Ness in Portland, Ore., represented the seller in the $8.9 million sale of the 65,000-sf Sun West Shopping Center in Hillsboro, Ore., to an undisclosed buyer.

Daniel Scanlon, CCIM, of Colliers International in Manchester, N.H., and a partner represented three parties in the $6.1 million sale of the 109,069-sf Granite Town Plaza in Milford, N.H., to a private investor.

Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a partner negotiated the more than $4 million sale of a CVS Pharmacy in Meriden, Conn., from a northeastern regional investor to a New Jersey investor. kwater and a partner also negotiated the more than $3 million sale of a 7,355-sf retail strip center in Latham, N.Y., from a local seller to a local investor.

David J. Stevens, CCIM, of Investment Properties Corp., represented The Moorings in the more than $3.4 million sale of the 11,280-sf Stoney’s Plaza in Naples from Blueprint Punta Gorda LLC.

Office

Big Deal

R. Craig Coppola, CCIM, and Andrew Cheney, CCIM, of Lee & Associates Arizona in Phoenix represented Phoenix Investors #17, 20, 21 LLC in the more than $40.8 million sale of 279,503 sf of office space in Tempe, Ariz., to KDI Investments.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and three partners represented CFRE Holdings LLC in the $13.4 million purchase of a 39,600-sf office property in Rancho Cucamonga, Calif., from an undisclosed seller.

Beau Beery, CCIM, of Coldwell Banker Commercial M.M. Parrish in Gainesville, Fla., represented Nalbandian Properties in the 20-year, more than $10.2 million lease of 40,000 sf of office space in Gainesville to the Alachua County Supervisor of Elections.

Kevin D. Chin, CCIM, of Sperry Van Ness in San Francisco represented 807 Montgomery LLC in the more than $5.2 million purchase of 10,540 sf of office space in San Francisco from an undisclosed seller.

Land

Big Deal

Brett Killips, CCIM, and Jeff McCammon, CCIM, of Cushman & Wakefield in Edmonton, Alberta, and two partners negotiated the $12 million sale of 210 acres of residential development land near St. Albert, Alberta, from an undisclosed seller to an undisclosed buyer.

William H. Rollins Jr., of Land Solutions in Fort Myers, Fla., and a partner represented University Highlands Partnership in the $10.2 million sale of 73 acres of land in Estero, Fla., to Pulte Home Corp. Rollins and a partner also represented Jeffery D. Gargiulo in the more than $9.7 million sale of 620 acres of land in Naples, Fla., to The Trust of Public Land.

Frank Hammond, CCIM, of Colliers International in Greenville, S.C., and a partner represented Flournoy Development in the more than $7.8 million purchase of six acres of land in Greenville from an undisclosed seller. Hammond and a partner also represented the sellers in the more than $5.9 million sale of 20 acres of land in Greenville to Walmart.

Brian L. Lightle, CCIM, of Lightle Beckner Robison in Melbourne, Fla., represented Space Coast Credit Union in the $6.5 million sale of 26 acres of retail development land in Bradenton, Fla., to GH & G Lockwood LLC.

Rick Gentry, CCIM, of Cushman & Wakefield/Cornerstone in Knoxville, Tenn., negotiated the $6 million sale of more than 5.3 acres of land in Knoxville from an undisclosed seller to an undisclosed buyer.

James V. Garinger, CCIM, and Frederick G. Kolb, CCIM, of Colliers International in Fort Myers, Fla., represented JTAD Estero LLC in more than $5.8 million sale of a 43-acre commercial and residential site in Estero, Fla., to SD Estero Crossing LLC.

Ryan Sampson, CCIM, of Eshenbaugh Land Co. in Tampa, Fla., represented the seller in the more than $4.2 million sale of 65 acres of land in Ruskin, Fla., to an undisclosed buyer.

Jack V. Owens, CCIM, of Lee & Associates Charleston in Charleston, S.C., represented Brigade Holding Co. LLC in the $3.4 million purchase of 9.9 acres of land in Charleston from an undisclosed seller. Owens and Amanda Reeves, CCIM, of Lee & Associates Charleston in Charleston represented King Street Partners LLC in the more than $3.3 million purchase of .27 acres of land in Charleston from TKH Holdings Group.

Financing

Big Deal

Brad Cox, CCIM, of Thomas D. Wood and Co. in Sarasota, Fla., and a partner arranged a $29.6 million construction loan for the 280-unit Estero Oaks Apartments in Estero, Fla., for an undisclosed borrower.

Paul B. Natalizio, CCIM, of Cornerstone Realty Capital in Lexington, Mass., arranged the more than $24.3 million refinancing of three multifamily properties totaling 82 units in Boston for Zeena Realty LLC.

Multifamily

Big Deal

Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., negotiated the $14 million corporate stock sale of the 130-unit Canterbury Garden apartment complex in North Arlington, N.J., from Canterbury at Arlington to North Arlington LLC.

Joe W. Edge, CCIM, of Sherman & Hemstreet Real Estate Co. in Augusta, Ga., represented Lawrence Property Group in the $10 million sale of a 1,100-unit mobile home portfolio in Montgomery, Ala., and Mobile, Ala., to Otra Vez LLC.

Federico Rochwerger, CCIM, of Keyes Commercial in Boca Raton, Fla., represented an undisclosed buyer in the more than $7.6 million purchase of the 192-unit Outrigger Village Apartments in Kissimmee, Fla., from an undisclosed seller.

Jeff Koon, CCIM, of Stratus Property Group LLC in Atlanta represented Greenleaf Investment Partners L022 LLC in the more than $5.3 million purchase of the 223-unit Brentwood, Norwood, and Versailles apartments in Gainesville, Ga. Stephen H. Jones, CCIM, of SHJ Equities in Woodstock, Ga., represented the seller, Grelove LLC.

Todd Clarke, CCIM, of NM Apartment Advisors in Albuquerque, N.M., negotiated the more than $4.3 million sale of the 80-unit Virginian Apartments in Albuquerque from ROG LLC to a Bay Area-based buyer.

Gary Kaufman, CCIM, of South Coast Commercial in San Diego represented Westview Mission Ave. LP in the more than $3.9 million sale of a 23-unit multifamily property in Escondido, Calif., to a private investor.

John Wessling, CCIM, and William Overman, CCIM, of S.L. Nusbaum Realty Co. in Norfolk, Va., represented Olde Jamestowne Apartments LP in the $3 million sale of the 54-unit Olde Jamestowne Apartments in Williamsburg, Va., to Olde Jamestowne Apartments LLC.

Specialty

Big Deal

Kevin Verhoven, CCIM, of The Gibson Company Commercial Real Estate in Lexington, Ky., represented the seller in the more than $3.9 million sale of a 152,460-sf former Range Rover/Jaguar dealership in Lexington. Steve Pulliam, CCIM, of Sperry Van Ness in Lexington represented the buyer, the Lexington Public Library.

Neil H. Warshafsky, CCIM, of Royal LePage Real Estate Services in Toronto represented 2335487 Ontario in the more than $3.7 million sale of the 15,336-sf El Mocambo music venue in Toronto to Michael Wekerle.

Hospitality

Brandt Niehaus, CCIM, of Huff, Niehaus & Associates in Louisville, Ky., represented Tander Properties LLC in the $3.7 million sale of the 49,248-sf Country Inn & Suites in London, Ky., to Longman Properties II LLC.

CCIM ROI

Two Florida CCIMs formed a team in the $2.7 million sale of a retail strip center in Tampa, Fla. Ron Struthers, CCIM, of Coldwell Banker Commercial NRT in Punta Gorda, Fla., represented the buyer, and worked alongside Maryann Mize, CCIM, of Charlotte State Bank & Trust in Port Charlotte, Fla., and a partner. As a result, Mize closed a $1.9 million loan. “The CCIM connection Ron and I share made this transaction possible,” Mize says. “We routinely use the knowledge base of the CCIM core curriculum, powerful technology tools, and networking programs in our business.” Currently, Mize and Struthers are officers in the Southwest Florida District CCIM Chapter. Mize serves as CCIM senior instructor who also chairs the Institute’s Ward Center for Real Estate Studies Subcommittee and is a member of the Marketing Committee. “The CCIM experience means so much to me and my career,” she added. Struthers concurs and says, “The training I received in market assessment, decision-making, and investment analysis has proven invaluable, as have all of the connections I have made through CCIM.”

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