Deal Makers
The Biggest Deal
Douglas Jacoby, CCIM, of Colliers International in Boston and a partner represented the Massachusetts Office of Business Development in the $280 million leasehold interest sale of a 600,000-sf office and retail building in Boston to Intercontinental Real Estate Corp.
Office
Big Deal
Jill Rasmussen, CCIM, of The Davis Group in Minneapolis and her partners represented a group of investors in the $116 million sale of a 362,354-sf, eight-building medical office portfolio in Minnesota and North Dakota to Physicians Realty Trust.
John D. Hale, CCIM, of Davlyn Investments in San Diego represented his company in the more than $16.4 million purchase of a 74,807-sf, two-building office park in Carlsbad, Calif, for LNR.
W. Jeffrey Cotter, CCIM, of Absolute Investment & Realty Services in Tampa, Fla., represented an undisclosed seller in the $5.9 million sale of 14,704 sf of office space in Cape Canaveral, Fla., to an undisclosed fund. Cotter also represented an undisclosed seller in the more than $4 million sale of 10,115 sf of office space in Johnson City, Tenn., to an undisclosed fund.
R. Craig Coppola, CCIM, and Andrew Cheney, CCIM, of Lee & Associates Arizona in Phoenix and two partners represented Piedmont Office Realty in the more than $5.8 million lease of 15,197 sf of office space in Chandler, Ariz., to Americredit Financial Services.
Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Laurie and Bob Kicks in the more than $4.6 million purchase of a 7,942-sf medical office property in Kyle, Texas, from an undisclosed seller.
John M. Hardin, CCIM, of J.H. Berry & Gilbert in Birmingham, Ala., represented a local investor in the $3.6 million sale of the 31,850-sf TekLinks headquarters building in Birmingham to Gladstone Commercial Corp.
Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., and a partner represented 21 West 46th Street LLC in the 10-year, $3.5 million lease of 7,000 sf of office space in New York City to Yellow Oro.
Retail
Big Deal
Alex Divaris, CCIM, of Divaris Real Estate in Virginia Beach, Va., represented Armada Hoffler Properties in the sale of two Maryland shopping centers totaling 186,583 sf to subsidiaries of Oekos Management Corp. for $20.2 million in cash, net of $15.2 million in 1031 exchange proceeds, and 415,500 shares of Armada Hoffler common stock.
Sean Glickman, CCIM, of Coldwell Banker Commercial in Maitland, Fla., represented a 106-year old family-owned company in the $16 million sale of a Super Target retail center in Titusville, Fla., to an international investment firm.
Kenneth Hurst, CCIM, of Stevens Realty Group in Metairie, La., negotiated the $13 million sale of a 138,782-sf shopping center in Chalmette, La., from 8700 West Judge Perez LLC to Chalmette Management LP.
Fabio F. Faerman, CCIM, of FA Commercial Advisors in Miami represented a group of South American investors in the $10.5 million purchase of 17,500 sf of retail space in Miami from an undisclosed seller.
Parker Carroll, CCIM, of Coldwell Banker Commercial Net Leased Investment Group in Austin, Texas, represented Retail Pflugerville Partners LP in the more than $8.8 million sale of the 67,149-sf Pflugerville West Shopping Center in Pflugerville, Texas, to Pflugerville West Partners Ltd.
Sean W. Patrick, CCIM, of Ackerman & Co. in Atlanta represented Sterling Value Add Partners II LP in the more than $8.6 million purchase of an 81,829-sf shopping center in Roswell, Ga., from GE Credit Equities.
Robert H. Burns, CCIM, of Robert H. Burns Co. in Nashville, Tenn., represented United Carothers LLC in the $8.2 million purchase of the 20,902-sf Reliant Bank Center in Nashville, Tenn., from RBC Properties.
Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Decatur Crossing LLC in the more than $7.1 million sale of a 24,132-sf retail center in Las Vegas to Jeffery Sills.
Frank Vora, CCIM, of Progressive Real Estate Partners in Rancho Cucamonga, Calif., negotiated the more than $6.8 million sale of an 11,700-sf retail property in Rancho Cucamonga from a private partnership to a private investor.
Michael Milano, CCIM, of Colliers International in Tampa, Fla., and a partner represented One Bayshore LLC in the $6.3 million sale of the 51,740-sf Oakhurst Plaza in Seminole, Fla., to Phillips Edison Grocery Center Reit II.
Kipp Gstettenbauer, CCIM, of Voit Real Estate Services in San Diego and a partner negotiated the $4.6 million sale of a 9,157-sf retail portfolio in San Diego from Garnet Avenue LP to Dayani Partners.
Kent Mommsen, CCIM, of Cushman & Wakefield Commerce in Boise, Idaho, represented P. Chimento Properties LLC as a consultant in the $4.5 million purchase of a 21,930-sf retail property in Lake Havasu, Ariz., from Havasu Development Group LLC.
Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented his company in the more than $3.1 million lease of a 10,495-sf retail property in Winnipeg from Dollarama.
David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., and a partner represented North Trail Holdings LLC in the more than $3 million purchase of the 10,735-sf former Edwin Watts Golf Superstore in Naples from RW Management Ltd.
Industrial
Big Deal
Darrell Okada, CCIM, of NAI Puget Sound Properties in Bellevue, Wash., and a partner represented UniEnergy Properties LLC in the $7.1 million sale of a 60,426-sf industrial facility in Mukilteo, Wash., to a regional investment group.
Lane A. Holbert, CCIM, of Cushman & Wakefield | Thalhimer in Charlotte, N.C., and two partners represented Deere & Co. in the $4.1 million sale of the 116,500-sf former John Deere building in Charlotte to SilverCap Partners LC.
Financing
Big Deal
Kent Mommsen, CCIM, of Cushman & Wakefield Commerce in Boise, Idaho, represented P. Chimento Properties LLC as a consultant in the $18.7 million debt equity restructuring of a 97,973-sf industrial building in Denver.
Russ Martin, CCIM, of Relyance Bank in Little Rock, Ark., arranged the $6.8 million financing of two class A, multi-tenant industrial facilities totaling 123,144 sf in Little Rock for CG Corporate LLC. Martin also arranged the $5.5 million financing of the 126-unit Cantrell Heights apartment complex in Little Rock for Cantrell Heights LLC.
Multifamily
Big Deal
Paul O. Hegg, CCIM, and Peter P. Hegg, CCIM, of Hegg Cos. in Sioux Falls, S.D., represented Bakken Select Fund I LLC in the $27 million sale of the Auburn Ridge Apartments in Watford City, N.D., to Auburn Ridge Associates LLC.
Reid A. Bennett, CCIM, of Sperry Van Ness - Chicago Commercial in Chicago negotiated the more than $8.1 million sale of the 110-unit Rock River Tower in Rockford, Ill., from Main Partners LLC to River Tower LLC.
Gary Kaufman, CCIM, of South Coast Commercial in San Diego represented Urban Housing Communities in the $6.6 million purchase of a 44-unit multifamily property in Escondido, Calif., from the King family.
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 San Francisco-based buyer.
Mixed-Use
Big Deal
Hamid Ghaemmaghami, CCIM, of the city of Palo Alto in Palo Alto, Calif., represented the city in the 5-year, $27.2 million lease of 94,402 sf of space at the Cubberley Community Center in Palo Alto from Palo Alto Unified School District.
James Kinsey, CCIM, of Kinsey Capital in New York and a partner negotiated the more than $9.7 million deal of a 6,500-sf mixed-use property in New York from an undisclosed seller to an affiliate of Icon Realty Management.
Ronald Ross, CCIM, and James Lyons, CCIM, of Compass Commercial Real Estate Services in Bend, Ore., and two partners represented a San Francisco-based investment group in the $8 million sale of a 50,000-sf mixed-use property in Bend to Ascend Holdings.
David Blanchette, CCIM, of CBRE in Tucson, Ariz., and a partner negotiated the $7 million sale of the 59,000-sf ReCommunity Recycling Center in Tucson from Olyver Land LLC to a joint venture of three Alaska-based partnerships.
Land
Big Deal
Rob Glaser, CCIM, of Cushman & Wakefield | Picor in Tucson, Ariz., represented two of five sellers in the more than $9.5 million sale of 108 acres of land in Tucson to TJX Cos. for the construction of a HomeGoods Regional Distribution Center.
Alan Bolduc, CCIM, Christopher B. Fraser, CCIM, and Todd P. Garrett, CCIM, of Avison Young in Mount Pleasant, S.C., represented the Charleston Area Regional Transport Authority in the $6.5 million sale of 36 acres of land in North Charleston, S.C., to Rushmark Properties LLC.
William C. Overman, CCIM, and John Wessling, CCIM, of SL Nusbaum Realty Co. in Norfolk, Va., represented The Franklin Johnston Group in the $7.2 million purchase of 7.2 acres of land in Stafford County, Va., from Ramco Virginia Properties.
Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed buyer in the more than $5.7 million purchase of 120 acres of mixed-use land in Winnipeg from an undisclosed seller.
Craig D. Timmins, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the more than $3.7 million sale of 19 acres of land in Bradenton, Fla., from Power Holding Corp. and VFC Properties 3 LLC to Cameron General Con tractors.
Kipp Gstettenbauer, CCIM, of Voit Real Estate Services in San Diego negotiated the 20-year, more than $3.7 million lease of a 17,685-sf lot in San Diego from Sunshine Finance to Washman LLC.
Specialty
Big Deal
Mike Garbers, CCIM, of Greystone Real Estate Advisors in Orlando, Fla., negotiated the more than $16.5 million sale of the 86-unit Alta Manor Assisted Living and Memory Care Facility in Roseville, Calif., from an independent owner to DiNapoli Capital Partners.
Paul Grisanti, CCIM, of Grisanti Group Commercial Real Estate in Louisville, Ky., and a partner represented an undisclosed seller in the more than $10.1 million sale of the 776-unit Storage Solutions self-storage facility in Louisville to W.P. Carey.
Ian Black, CCIM, and Steve Horn, CCIM, of Ian Black Real Estate in Sarasota, Fla., negotiated the more than $6.6 million sale of a 33,003-sf charter school in Lakewood Ranch, Fla., from LRCMPB7-10 to Hemisphere Lakewood Ranch LLC.
CCIM ROI
Reid Bennett, CCIM, of Sperry Van Ness in Chicago, teamed with David E. Gilmore, CCIM, of Sperry Van Ness/Gilmore Auction in Kenner, La., and four partners to represent the bankruptcy estate of Billy Jefferson in the more than $37.3 million sale of the 440-unit River City Renaissance Apartments in Richmond, Va., to The Davis Cos. “We needed a robust team in order to win the business for one of the most historic and highly publicized apartment portfolios in the Richmond Fan District,” says Bennett. “Sperry Van Ness is known for its collaborative efforts, and adding the CCIM designation behind two of the members brought additional credibility to the machine.” The properties are situated among one of the largest intact 19th and early 20th century neighborhoods in the county and consist of 29 apartment buildings spanning two zip codes. “In order to underwrite 29 scattered site assets, CCIM fundamentals were used as a significant base to arrive at present values aligned with today's frothy multifamily market,” adds Bennett.