Deal Makers(1)
The Biggest Deal
Christopher B. Prosser, CCIM, and Steven L. Timmel, CCIM, of Colliers International in Cincinnati represented Duke Realty Corp. in the more than $27.5 million sale of a 360,001-sf retail property in Cincinnati to an undisclosed buyer.
Office
BIG Deal
Richard A. Brugge, CCIM, of Cushman & Wakefield in Tampa, Fla., and a partner represented Arthur Hill & Co. in the $12 million sale of a three-building office portfolio totaling 99,234 sf in Tampa to ESJ Capital Partners.
Kevin M. Lynch, CCIM, of Sperry Van Ness in Arlington Heights, Ill., represented the buyer, Klairmont Investments, and the seller, Katz Management, in the more than $5.7 million sale of 150,000 sf of office space in Mount Prospect, Ill.
Henry W. Hagendorf, CCIM, and Beth H. Young, CCIM, of Grubb & Ellis in Houston represented American Spectrum Realty in the more than $10.5 million sale of a 101,880-sf office building in Houston to an undisclosed buyer. Hagendorf and Young also represented Coventry Fund VI in the more than $4 million purchase of a 48,000-sf office building in Houston from JWAK Properties Ltd.
Don Brewer, CCIM, of Realty Investment Services in Knoxville, Tenn., Louise R. Fogarty, CCIM, of Blue Ridge Realty in Knoxville, and a partner represented SJW Land Co. in the 10-year, more than $1 million lease of 85,000 sf of office space to South College.
Retail
BIG Deal
James K. Blake II, CCIM, of Sperry Van Ness in Fort Worth, Texas, Jason P. Little, CCIM, of Canopy Commercial/Auction in Oklahoma City, and a partner represented Verdad Real Estate and Conifer Real Estate in the more than $5.3 million sale of a five-building Kentucky Fried Chicken restaurant portfolio located in Fort Worth, Granbury, Brownwood, and Stephenville, Texas, to private investors.
Bill Kohlhepp, CCIM, of Marcus & Millichap in Fort Lauderdale, Fla., represented Richland Joint Venture Group LLC in the more than $4.4 million sale of a 695,668-sf enclosed mall to Century Capital Group and Investment Property Exchange Services.
Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., represented an undisclosed lessor in the 12-year, $3.7 million lease of 2,500 sf of retail space in New York to Pop Burger.
Brett A. Sherman, CCIM, of Angel Commercial Real Estate in Fairfield, Conn., represented Pure Hockey and Commonwealth Lacrosse in the more than 10-year, $2.3 million lease of a 12,000-sf retail property in Norwalk, Conn., from MLB.
Burt J. Barrett, CCIM, of NorthWay Real Estate in Haverhill, Mass., represented Haverhill Bank in the $1.5 million sale of a 6,500-sf retail property in Haverhill to NMTW Credit Union.
Industrial
BIG Deal
Edwin B. Hoel, CCIM, of Cresa Partners in Raleigh, N.C., represented EMC Corp. in the more than $22.6 million purchase of a 450,000-sf industrial property in Durham, N.C., from Crown Realty & Development.
Michael L. Parker, CCIM, of Stan Johnson Co. in Houston and a partner represented Scannell Properties in the $22.4 million sale of a 128,706-sf industrial space in San Diego to QueensCare.
Clint D. Schroff, CCIM, of Schroff Commercial Associates LLC in Austin, Texas, and a partner represented Houston Furniture Partners LLC in the 10-year, $18.5 million lease of a 303,204-sf industrial property in Houston from Airtex Industrial Center LLC.
Gregory R. Gill, CCIM, of Lee & Associates in Long Beach, Calif., and three partners represented Zumiez in the more than $11.7 million purchase of a 168,450-sf distribution facility in Corona, Calif., from Railroad Street Land Holdings LLC.
Ian M. Grusd, CCIM, of Sperry Van Ness/Richter Grusd in Iselin, N.J., represented Beumer Corp. in the more than $6.3 million purchase of an 84,775-sf industrial building in Iselin from an undisclosed seller.
Steve Offenbecher, CCIM, of Coldwell Banker Commercial Offenbecher in Puyallup, Wash., represented Lusamerica Foods in the $4.5 million purchase of an 83,000-sf industrial building in Fife, Wash., from an undisclosed seller.
James P. Smith, CCIM, of CB Richard Ellis in Albuquerque, N.M., represented Array Technologies in the $2.7 million purchase of a 49,097-sf industrial warehouse in Albuquerque from Flowserve US.
Michael Scarpino, CCIM, of NAI Rauch, Weaver, Norfleet, Kurtz & Co. in Fort Lauderdale, Fla., and two partners represented Woodfield Distribution LLC in the more than 9-year, more than $2.4 million lease of 48,096 sf of industrial space in Boca Raton, Fla., from ProLogis.
Alan S. Apt, CCIM, of Aptcor Commercial Realtors in Landsdale, Pa., represented Washington Street Investments in the more than $1.7 million purchase of a 65,000-sf industrial property in Borough of Telford, Pa., from Warren Lumber and Millwork.
Land
BIG Deal
William H. Rollins Jr., CCIM, of Land Solutions in Fort Myers, Fla., and two partners negotiated the $8 million sale of more than 690 acres of land in Bonita Springs, Fla., and 724 acres of off-site mitigation parcels from RC Properties LLC to BB Road LLC.
Jack Brower, CCIM, and Bruce Robertson, CCIM, of Sperry Van Ness in Carson City, Nev., represented Sierra Nevada SW Enterprises LLC in the more than $3.7 million sale of 18 acres of retail-zoned land in Gardnerville, Nev., to Wal-Mart.
Charles Arthur, CCIM, of Re/Max First in Port Townsend, Wash., and a partner represented Continuum Development in the more than $1 million sale of 1.1 acres of land in Port Townsend to an undisclosed buyer.
Multifamily
BIG Deal
Duane Jones, CCIM, of Duane Jones Real Estate Advisors LLC in Scottsdale, Ariz., negotiated the more than $9.4 million sale of 107 condominium units in Phoenix from Montecito Property Co. to Orion Residential.
Tom Gerard, CCIM, of Cushman & Wakefield Atlantic in Halifax, Nova Scotia, represented Rawdon Realties in the $2.2 million sale of a 43-unit apartment complex in Halifax to an undisclosed buyer.
Financing
Paul B. Natalizio, CCIM, of Cornerstone Realty Consultants in Malden, Mass., arranged the more than $4.6 million financing of a 90-unit apartment portfolio in Malden and Melrose, Mass., for an undisclosed buyer.
CCIM ROI
Local CCIM chapter networking helped me find a deal for another former Southern Nevada Chapter president, Drew Levy, CCIM,” says Devin Lee, CCIM, of Access Commercial Mortgage in Las Vegas. “Drew is one of the owners of the property and asked me what I could do to help when the time came to refinance.” Lee arranged a 10-year, $3 million fixed-rate financing of a 136-pad mobile home park in Las Vegas for Paradise Trails Mobile Home Park LLC.