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
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
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
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
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
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
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
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
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
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
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.
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
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.
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
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
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
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.
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.