CCIM Feature

Deal Makers

The Biggest Deal

Craig Steinlicht, CCIM, of Re/Max Victory in Silverdale, Wash., represented Tim Ryan Properties in the more than $33.7 million sale of two medical office buildings totaling more than 125,000 sf. Kim Adams, CCIM, of Coldwell Banker Commercial in Federal Way, Wash., represented the buyer, an MOB investment group.

Office

Big Deal

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed lessor in the more than $27.4 million lease of 51,357 sf of office space in Winnipeg to Winnipeg Regional Health Authority. Shindleman also represented Stantec Consulting Ltd. in the more than $14.4 million lease of 62,777 sf of office space in Winnipeg from an undisclosed lessor.

Terry Coyne, CCIM, of Newmark Grubb Knight Frank in Cleveland and a partner represented Optima925 LLC in the $22.5 million sale of the 1.4-million sf Huntington Building in Cleveland to Hudson Holdings LLC.

Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. and a partner represented the owner in a 10-year, more than $15 million lease of 20,000 sf of office space in New York City to Learnvest.

Clint L. Sherwood, CCIM, and David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the $9 million sale of 40,000 sf of office space in Naples from 4099 Building LLC to OREXCO as Q I for Creekwood of Naples LLC, acquiring through Creekside West, and Foxrock OT5 Realty LLC.

Adam Palmer, CCIM, of LandQwest Commercial in Fort Myers, Fla., represented 9299 College Parkway LLC in the $8.9 million sale of the 38,639-sf 9299 Center in Fort Myers to a Syracuse, N.Y., investment group.

Elliott M. Ross, CCIM, and Jason Aprile, CCIM, of RMC Ross Realty in Tampa, Fla., represented an undisclosed seller in the more than $6.6 million sale of the 54,950-sf Countryside Place office building in Clearwater, Fla., to 2605 Enterprise LLC.

Ronald D. Foster, CCIM, of Reliant Partners in Indianapolis represented Performance Services Real Estate LLC in the $6.3 million purchase of a 97,000-sf office building in Carmel, Ind., from IP9 Carmel Office Investors LLC.

Brian Mulvaney, CCIM, of Voit Real Estate Services in San Diego and a partner represented Enniss Family Realty in the $5.1 million sale of a 40,075-sf office building in San Diego to 9715 Businesspark Ave., LLC.

Kenneth L. Kurtz, CCIM, of NAI Rauch Weaver Norfleet Kurtz & Co. in Fort Lauderdale, Fla., and three partners represented DMARC 2006-CD2 Broward in the $3.3 million sale of the 69,193-sf Avion Corporate Center in Fort Lauderdale to RMS Properties LLC.

R. Craig Coppola, CCIM, and Andrew Cheney, CCIM, of Lee & Associates Arizona in Phoenix represented Valley of the Sun United Way in the more than $3.1 million sale of a 33,000 sf of office space in Phoenix to Holualoa Cos.

Retail

Big Deal

Kayvan Mehrbakhsh, CCIM, of Sperry Van Ness in Herndon, Va., represented Crilley Warehouse LLC in the $11 million sale of the 153,246-sf Station Plaza in Woodbridge, Va., to KMS Storage.

Richard T. Rhatigan, CCIM, of Atherton & Associates Commercial Properties in Shelton, Conn., represented Edge Fitness in the 15-year, more than $7.9 million lease of 34,432 sf of retail space in The Dock Shopping Center in Stratford, Conn., from Urstadt Biddle Properties. 

Edward Hanley, CCIM, of Hanley Investment Group in Irvine, Calif., and a partner represented Brad Becker in the more than $7 million sale of a 39,268-sf two-tenant building in Moreno Valley, Calif., to GBF Investment LLC. Hanley and a partner also represented MV-Perris LLC in the more than $3.3 million sale of a 6,440-sf two-tenant building in Moreno Valley to TC Enterprise Group LLC.

Ember Grummons, CCIM, of Investors Realty in Omaha, Neb., represented Baceline Investments LLC in the more than $7 million purchase of the Fort Plaza and Weber Place shopping centers in Omaha from an undisclosed seller.

Curtis A. Skomp, CCIM, of Re/Max Commercial-Keys Connection in Key West, Fla., negotiated the $6.8 million sale of a 5,900-sf retail strip center in Key West from an undisclosed seller to a private buyer.

John V. Propp, CCIM, of John Propp Commercial Group in Greenwood Village, Colo., represented Chuck L. and Young Jean Lee Living Trust A, Chuck L. & Young Jean Lee Living Trust B in the $5.2 million sale of a 10,140-sf retail center in Aurora, Colo., to Boston Financial Investment Co. and Nassau East Real Estate LP.

David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., negotiated the $3.2 million sale of the 28,261-sf Midway Plaza in Naples from Madison Midway LLC to Patton Avenue Holdings LLC.

Elizabeth Clare, CCIM, of Avison Young in Las Vegas represented SNR Holdings in the $3 million sale of the 27,285-sf Stetson Ranch in Las Vegas to RPM Investments.

Michael Dreyer, CCIM, of Coldwell Banker Commercial Sun Land Realty in Indian Harbour Beach, Fla., represented Redus Florida Commercial LLC in the $2.7 million sale of the 15,218-sf Wickham Park Commons in Melbourne, Fla., to 3600 WR LLC.

Industrial

Big Deal

Brian Mulvaney, CCIM, of Voit Real Estate Services in San Diego and a partner represented Moss Point Poway LLC in the $16.9 million sale of a 112,062-sf industrial park in Poway, Calif., to Rexford Industrial Realty LP.

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Sage Industrial Holdings LLC in the $3.9 million sale of a 36,657-sf industrial property in Henderson, Nev., to Elevon Corporate Park LLC.

Elliott M. Ross, CCIM, of RMC Ross Realty in Tampa, Fla., and a partner represented Hillsborough 2324 LLC in the more than $3.5 million sale of a 98,000-sf industrial property in Tampa to DST Ventures LLC.

Financing

Big Deal

Christopher Caison, CCIM, of Grandbridge Real Estate Capital in Charlotte, N.C., and a partner arranged the $18.5 million first mortgage loan of a 152,216-sf office building in Nashville, Tenn., for an undisclosed borrower.

Andrew Holden, CCIM, of Commonwealth Bank & Trust Co. in Louisville, Ky., arranged the more than $10.6 million construction/mini-permanent financing of a 64,000-sf office property in Louisville for an undisclosed borrower.

Paul Natalizio, CCIM, of Cornerstone Realty Capital in Lexington, Mass., arranged the $3.1 million financing of 9-unit multifamily property in Boston for MJ Ventures LLC.

Multifamily

Big Deal

Drew Bobincheck, CCIM, of Landmark Commercial Realty in Lemoyne, Pa., negotiated the $12.1 million sale of the 200-unit Marion Terrace townhouse community in Pennsylvania from an undisclosed seller to New Marion Associates LP.

Cindy Hill, CCIM, of KW Commercial in Studio City, Calif., negotiated the $7.2 million sale of a 29-unit multifamily property in Sherman Oaks, Calif., from Artinian Family Trust to Landmark Properties.

Coba C. Craig, CCIM, of Silvestri-Craig Realtors in Lexington, Ky., represented Trans-Air in the more than $5.6 million sale of four mobile home parks totaling 554 units to an undisclosed buyer.

Mixed-Use

Big Deal

Tom Seymour, CCIM, of Seymour Realty Advisors in San Diego negotiated the more than $16.2 million sale of 24 multifamily units and a 20-unit assisted living facility in San Diego from an undisclosed seller to an undisclosed buyer.

Andrew McIntosh, CCIM, of CSM Corp. in Minneapolis and three partners represented his company in the 10-year, $10.6 million lease of 156,333 sf of industrial and office space in Chanhassen, Minn., to The Bernard Group. McIntosh also represented his company in the 8-year, $9 million lease renewal of 192,171 sf of industrial space in Chanhassen to The Bernard Group.

Renee D. Dyer, CCIM, and Jill Carbonelli, CCIM, of Berkshire Hathaw Commercial Services in Trinity, Fla., represented Koda Realty LLC in the $2.4 million purchase of a 55,758-sf office and warehouse property in Pinellas Park, Fla. Deron Thomas, CCIM, represented the seller, Quality Land Corp.

Land

Big Deal

Dean Saunders, CCIM, of Coldwell Banker Commercial Saunders Real Estate in Lakeland, Fla., represented Foxbranch Cattle Company Partners in the more than $8.9 million sale of the 2,876-acre Fox Branch Ranch in Polk and Hillsborough counties in Florida to an undisclosed buyer. Saunders and Jeffrey Cusson, CCIM, of Coldwell Banker Commercial Saunders Real Estate negotiated the $2.3 million sale of the 520-acre Immokalee Grove and Farm in Collier County, Fla., from First Bank of Clewiston to Tamiami Citrus LLC.

John Wessling, CCIM, and William Overman, CCIM, of S.L. Nusbaum Realty Co., in Norfolk, Va., represented First Lynnhaven Baptist Church in the $6.5 million sale of more than 19.6 acres of land in Virginia Beach, Va., to the Franklin Johnston Group.

Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, negotiated the more than $4.4 million sale of 67.1 acres of land in Winnipeg from Canadian Midwest District of Christian and Missionary Alliance to Ravenhurst Developments. Holden

Jack V. Owens, CCIM, of Lee & Associates Charleston in Charleston, S.C., represented 107 Brigade Street LLC and Nomo Investment Partners II LLC in the more than $4.2 million purchase of more than 5.8 acres of land in Charleston from an undisclosed seller.

Edward J. Redlich, CCIM, and Christopher Spear, CCIM, of ComReal Miami in Miami and Michael Shelton, CCIM, and Benjamin Crosby, CCIM, of Crosby & Associates in Winter Haven, Fla., represented Primo Groves in the more than $2.7 million sale of 95 acres of land in Redland, Fla., to the Raolji family.

Hospitality

Big Deal

Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented CMA Industries LLC in the more than $3 million purchase of a 45,000-sf America's Best Value Inn in Las Vegas from an undisclosed seller.

H. Brandt Niehaus, CCIM, of Huff, Niehaus & Associates in Louisville, Ky., represented Thies Properties LLC in the more than $2.8 million sale of the 64-room Sleep Inn in Owensboro, Ky., to Lake View Hospitality LLC.

Specialty

Kenneth Carriero, CCIM, of Colliers International in Clearwater, Fla., and a partner negotiated the $8.4 million sale of the 35,474-sf Bristol Court memory care facility in St. Petersburg, Fla., from Spalf Holdings LLC to CTR Partnership LP.

CCIM ROI

When René Nelson, CCIM, of Pacwest Commercial Real Estate in Eugene, Ore., was in search of single tenant net lease assets to facilitate a 1031 exchange requirement for a client's recent apartment sale, she turned to her CCIM network. Nelson reached out to Wayne D'Amico, CCIM, of Wayne D'Amico & Co., in Essex, Conn., and New York City, in search of a viable referral. Due to his relationships with national brokers focused on STNL assets for sale, D'Amico knew he was the man for the job. “Adding Wayne's experience of working with the STNL product type and his understanding of the nuances of interstate brokerage dynamics, I had the confidence to keep myself in the driver's seat with my client,” Nelson said. “I knew that collaboratively, we were providing best in class service.” The team searched the country and found a Sherwin Williams-tenanted property in Fort Wayne, Ind., and a Dollar General occupied property in Stewartsville, Mo., that their client purchased for approximately $2 million. “Having worked with René as volunteers serving the CCIM Institute, I was way past the character and integrity issues one is faced with when establishing a cross-border business venture,” D'Amico said. “Experiencing René's work ethic and 1031 and transactional prowess made the deal fun and financially rewarding.”

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