CCIM Feature

Deal Makers(28)

The Biggest Deal

John Gallagher, CCIM, of TRI Commercial Real Estate Services in Rocklin, Calif., negotiated the $50.4 million sale of the 336-unit Sherwood Apartments in Folsom, Calif., from Sherwood Apartments LLC to Sherwood Iron Point LP.

CCIM ROI

What’s to be gained from proudly wearing the CCIM pin? “Instant credibility,” says Kevin M. Lynch, CCIM, of Sperry Van Ness in Arlington Heights, Ill., who recently represented an undisclosed seller in the $12.3 million sale of a 77,200-sf medical office property in Rockford, Ill. “I get entrée to top decision makers because they see the pin in my lapel,” Lynch explains. “There’s nothing else I’ll put a hole in my $3,000 suit for.” Craig Tomlinson, CCIM, of Stan Johnson Co. in Tulsa, Okla., represented the undisclosed buyer in the transaction.

Multifamily

BIG Deal

Kenneth Joel Delvillar, CCIM, of Cushman & Wakefield in Orlando, Fla., and a partner negotiated the $36.5 million sale of the 352-unit Victoria Manor Apartments in Lakeland, Fla., from PacLand Development to Panther Properties.

Andrew Joseph Burnett, CCIM, and David Burnett, CCIM, of Sperry Van Ness/William T. Strange & Associates in Oklahoma City negotiated the $19.7 million sale of the 244-unit Stoneleigh on May Apartments in Oklahoma City from Virtu Stoneleigh Associates LLC to Haley Communities.

T. Sean Lance, CCIM, of NAI Tampa Bay in Seminole, Fla., and a partner negotiated the $3.2 million sale of the 160-unit Hickory Pointe Apartments in Tampa, Fla., from Hickory Pointe LLC to a private investment group.

Office

BIG Deal

Jill Duemeland, CCIM, of Duemelands Commercial in Bismarck, N.D., and a partner represented IRET Properties in the more than 10-year, more than $22 million lease of 70,500 sf of office space in Minot, N.D., to Hess Corp. and Trinity Health.

Ronald D. Foster, CCIM, of Echelon Realty Advisors in Indianapolis represented Eleven Fortune Park LP in the 11-year, more than $15.4 million lease of 92,000 sf of office space in Indianapolis to Ascension Health Ministry Service Center.

Kenneth R. Braden, CCIM, of Cassidy Turley Barry in Milwaukee, Wis., and two partners represented 350 North Sunny Slope Road Holdings LLC in the more than $13.9 million sale of the 85,000-sf Chancellory Park II office building in Brookfield, Wis., to a private investor.

Henry W. Hagendorf, CCIM, and Beth H. Young, CCIM, of Grubb & Ellis in Houston represented Humble Rep LLC in the $13.1 million sale of 20,000-sf Humble Surgical Hospital in Humble, Texas, to the Grubb & Ellis Healthcare REIT.

Dennis Hearst, CCIM, of Cushman & Wakefield in San Diego represented 7510 Hazard LLC in the more than 10-year, more than $9.2 million lease of 32,050 sf of office space in San Diego to Kimball, Tirey & St. John LLP. Hearst also represented Manning & Marder, Kass, Ellrod, Ramirez LLP in the more than 7-year, more than $3.3 million lease of 15,162 sf of office space in San Diego from 550 Corporate Center Investments Group.

Clinton Bennett, CCIM, of Grubb & Ellis/Solomon Partners in Bentonville, Ark., represented Allen Leasing LLC in the $9.2 million sale of a 68,000-sf office property in Rogers, Ark., to HEJ Properties LLC. Jeffery L. Childs, CCIM, of Sperry Van Ness/Rankin Co. in Springfield, Mo., represented the buyer.

Tony Fluhr, CCIM, of NTS Development Co. in Louisville, Ky., represented NTS Realty Holdings in the 10-year, more than $9 million lease of the 75,000-sf NTS Center office building in Louisville to Insight Communications.

Ted Hill III, CCIM, of Vision Brokerage Group LLC in Charlotte, N.C., represented Red City Properties LLC in the more than $3.3 million purchase of an 89,990-sf office property in Charlotte from an undisclosed seller.

Kent Clifford, CCIM, of Clifford Commercial Real Estate in Las Vegas represented Benchmark Properties LLC in the $3.3 million sale of the 33,000-sf Paradise Centre I office building in Las Vegas to 3790 Holdings LLC.

Steven Craig Eisenshtadt, CCIM, of Friedman Real Estate Group in Farmington Hills, Mich., represented Capmark in the 7-year, more than $2.9 million lease of 32,000 sf of office space in Detroit to Strategic Staffing Solutions.

Industrial

BIG Deal

Kenneth R. Braden, CCIM, of Cassidy Turley Barry in Milwaukee, Wis., and three partners represented HSA Commercial in the more than $15.7 million sale of a 323,610-sf manufacturing facility in Mount Pleasant, Wis., to Seda International Packaging Group.

Eric V. Cooper, CCIM, of Bond Street Commercial Properties in Charleston, S.C., represented Stag GI Madison LLC in the more than $10.9 million purchase of a 418,406-sf industrial property in Madison, Tenn., from an undisclosed seller.

Charles K. Littell, CCIM, of Colliers International in Torrance, Calif., and a partner represented Intex Realty Corp. in the $7.9 million purchase of a 200,541-sf industrial building in Long Beach, Calif., from Lexington Realty and Raytheon.

Arnold Ng, CCIM, of Re/Max Commercial in Torrance, Calif., negotiated the $6.5 million sale of a 100,000-sf industrial building in Rancho Dominguez, Calif., from an undisclosed seller to an undisclosed buyer.

Gary P. Hill Jr., CCIM, of Grubb & Ellis/Thomas Linderman Graham in Chapel Hill, N.C., and a partner represented Heritage Properties in the 10-year, $3.5 million lease of 44,000 sf of industrial space in Mebane, N.C., from an undisclosed lessor.

Retail

BIG Deal

James B. Henry, CCIM, of Strong & Hayden Commercial Real Estate in Napa, Calif., represented Gasser Foundation in the 15-year, $14.9 million lease of 41,700 sf of retail space at Napa River Place in Napa to Cinemark Holdings.

Joseph Muratore, CCIM, of Benchmark Commercial Real Estate Services in Modesto, Calif., represented Zions Bank in the $4 million sale of a 19,774-sf auto dealership in San Jose, Calif., to the Ray Russo Jr. Trust.

Richard E. Juge, CCIM, of Re/Max Commercial Brokers in New Orleans represented ZEG Ventures in the more than $3.9 million sale of a 12,000-sf retail property in La Place, La., to Novco.

Land

BIG Deal

Michael D. Doyle, CCIM, of LandQwest Commercial in Fort Myers, Fla., represented Hope Hospice & Community Services in the more than $7.5 million purchase of 46.3 acres of land in Fort Myers from HCB Real Holdings LLC.

Jack R. Hodges Jr., CCIM, of NAI Noles-Frye, a Latter & Blum Co., in Alexandria, La., represented undisclosed sellers in the $6 million sale of a 2,000-acre historic plantation in Natchitoches Parish, La., to an undisclosed buyer.

William H. Rollins Jr., CCIM, of Land Solutions in Fort Myers, Fla., and two partners represented Forum II LLC in the $4 million sale of 24.15 acres of land in Fort Myers to Hemera Fort Myers Ltd.

J. Keith Kidwell, CCIM, of Sperry Van Ness in Fort Lauderdale, Fla., and a partner negotiated the more than $3.6 million sale of more than 1.9 acres of land in Aventura, Fla., from MGAL REPH I, II, III LLC to Chateau Aventura LLC.

Barry Bowling, CCIM, of CB Richard Ellis in Raleigh, N.C., represented an undisclosed lender in the $2.5 million sale of a 15-acre apartment site in Raleigh to an undisclosed development group.

Specialty

J. Tyson Glasser, CCIM, of RealtyLink LLC in Greenville, S.C., represented RealtyLink LLC in the more than $9.8 million sale of a 51,171-sf college in Huntsville, Ala., to an undisclosed buyer.