The Biggest Deal
Leonard P. Deering Jr., CCIM, of Berkadia Commercial Mortgage LLC in Chicago and three partners arranged the $56.9 million refinancing of 612-unit Bourbon Square Apartments in Palatine, Ill., for Palatine Funding Corp.
“MailBridge works,” says P. Jason Wong, CCIM, of Red Point Development in Tucson, Ariz. He responded to a want message sent by Susan Clift Brown, CCIM, of Clift Commercial LLC in Southern Pines, N.C., on behalf of her client JLSJ LLC. “We chatted about our education experience, and I felt I could trust a fellow CCIM,” Clift Brown adds. The pair quickly negotiated the more than $2.9 million sale of a 23-year, 14,980-sf Walgreens ground lease in Tucson, Ariz., from Pacific Income Properties LLC. “The high degree of professionalism and trust the CCIM designation confers allowed me to release due diligence information before negotiations were completed,” Wong explains. “We worked as a team to get the closing done in six days.”
Ron Miranda, CCIM, of Thompson National Properties in Houston represented ARI Wachovia in the 15-year, $45 million lease of 560,000 sf of Wachovia Tower office space in Raleigh, N.C., to Smith Anderson.
Richard A. Brugge Jr., CCIM, of Cushman & Wakefield in Tampa, Fla., and a partner represented KanAm Grund America in the $23.5 million sale of the 128,296-sf SunTrust office building in Orlando, Fla., to Wells Real Estate Funds.
J. Andrew Mills, CCIM, of Continental Realty/Cushman & Wakefield in Columbus, Ohio, and a partner negotiated the $14.5 million sale of a 66,100-sf medical office property in Columbus from McNaughten Road LLC to an undisclosed buyer.
Andrew Sumlim, CCIM, of Barry Real Estate Cos. in Atlanta represented RB 56 PCE in the 10-year, $13.5 million lease of 65,000 sf of office space in 56 Perimeter Center East, Atlanta, to Munich American Reassurance Co.
Richard Egitto, CCIM, of Crimson Services LLC in Littleton, Colo., represented Grosvenor Investment Management US in the more than 10-year, more than $12.8 million lease of 52,803 sf of office space in Denver to CNA.
G. William Knight Sr., CCIM, of Transwestern in Atlanta represented Acosta in 4 leases totaling more than 5 years, more than $9.7 million, and more than 101,000 sf of office space in Pleasanton, Calif., Denver, Tampa, Fla., and Seattle from undisclosed lessors.
Thomas F. Campenni, CCIM, of Thomas F. Campenni Co. in Stuart, Fla., represented an undisclosed lessor in the 10-year, more than $8.2 million lease of 20,000 sf of office space in 93 University Place, New York, to Washington Square Institute.
Richard Neil Marcus, CCIM, of Lee & Associates in Carlsbad, Calif., represented LSMS Investments in the 10-year, $6.2 million lease of a 38,600-sf office building in Temecula, Calif., to River Springs Charter School.
Richard A. Brugge Jr., CCIM, of Cushman & Wakefield in Tampa, Fla., and two partners negotiated the $13.4 million sale of a 291,564-sf industrial property in Lakeland, Fla., from Fort III OH LLC to Exeter Region Court LLC. Brugge and three partners also negotiated the $9.4 million sale of a 179,177-sf industrial property in St. Petersburg, Fla., from The Realty Associates Fund VII LP to Cabot III.
James P. Smith, CCIM, of CB Richard Ellis in Albuquerque, N.M., represented MW Development LLC in the more than $6.9 million sale of a 78,114-sf R&D/flex property in Albuquerque to First Family Church.
Arnold Ng, CCIM, of Re/Max Commercial & Investment in Torrance, Calif., and Robert G. Thornburg, CCIM, of The Heger Co. in Los Angeles negotiated the $6.4 million sale of a 100,000-sf industrial property in Rancho Dominguez, Calif., from Sameer Abroado to YP LLC.
John Stroich, CCIM, of Green Valley Management in Winnipeg, Manitoba, and a partner negotiated the more than $9.2 million sale of 40,750 sf of retail space in Winnipeg from Dan Christall to LS Properties.
Debbie W. Heslop, CCIM, of Volk Co. in Tucson, Ariz., represented Crestline Investments LLC in the more than $8 million sale of 103,492-sf Northgate Plaza shopping center in Tucson to TNP SRT Northgate Plaza Tucson LLC.
Elizabeth Clare, CCIM, of Commerce Real Estate Solutions/Cushman & Wakefield in Las Vegas and a partner negotiated the more than $4.6 million sale of 49,550 sf of Tenaya Village retail center in Las Vegas from an undisclosed seller to SSIC.
Sandy G. Shindleman, CCIM, of Shindico in Winnipeg, Manitoba, negotiated the 10-year, more than $3.9 million lease of 20,186 sf of retail space from an undisclosed lessor to Pro Hockey Life Sporting Goods.
E. Gibson Kerr, CCIM, of Sperry Van Ness in Kansas City, Mo., Jason P. Little, CCIM, of Canopy Commercial/Auction in Oklahoma City, and a partner negotiated the more than $3.6 million sale of 72,329-sf Plaza East shopping center in McPherson, Kan., from an undisclosed seller to Cedar Hill Realty LLC.
Michael Stockton, CCIM, of Horizon Mortgage Corp. in Sarasota, Fla., negotiated the more than $27.6 million sale of 286-unit Turnbury Park Apartments in Sarasota from Turnbury Park Apartments EP-320 LLC to Realty Associates Advisors LLC.
David L. Erstine, CCIM, of Sage Partners LLC in Fayetteville, Ark., represented VOC Properties LLC in the more than $22.2 million sale of Village on the Creeks, a 270,000-sf mixed-use property in Rogers, Ark., to VOC LP.
Daniel A. Berger, CCIM, of NAI Commercial Partners in Lancaster, Pa., represented Thermal Solutions Products LLC in the more than $9.7 million sale of 159,863 sf of mixed-use space in Lancaster to Shadow Lawn City Line LP.
Ronald Beck, CCIM, of Coldwell Banker Commercial in San Diego negotiated the more than $4.7 million sale of 17,636 sf of mixed-use space in San Diego from La Cuesta LLC to Chabra Trust.
Paul B. Natalizio, CCIM, of Cornerstone Realty Consultants in Malden, Mass., and a partner arranged the more than $5.9 million financing of a 112-unit apartment complex in Randolph, Mass., for an undisclosed borrower.
Brad A. Cox, CCIM, of Thomas D. Wood & Co. in Sarasota, Fla., arranged the $5.7 million financing of 181,494 sf of self-storage space in Martinez, Ga., for Washington Road Self Storage.
Lawrence Harwood, CCIM, of Q10/iCap Michigan in Farmington Hills, Mich., arranged the more than $4.8 million refinancing of a 64,000-sf office building in Ann Arbor, Mich., for an undisclosed borrower.
Michael Scarpino, CCIM, of NAI Rauch Weaver Norfleet Kurtz & Co. in Fort Lauderdale, Fla., and a partner represented Demeter Pembroke Pines Ltd. in the more than $4.6 million purchase of 7.64 acres of land in Pembroke Pines, Fla., from Duke Realty Corp.