CCIM Feature
Deal Makers(30)
The Biggest Deal
Andrew S. Cheney, CCIM,
and R. Craig Coppola, CCIM, of Lee & Associates in Phoenix negotiated the
12-year, more than $39 million lease of 111,598 sf of office space in Phoenix
from 24th at Camelback II LLC to Cole Capital Advisors.
CCIM ROI
Demographics can make or
break a retail transaction, so S.R. Mills, CCIM, of Bear Commercial LLC in
Kenosha, Wis., turned to STDB for assistance when he represented Vernon Hills
TKK LLC in the more than $1.7 million lease of a 7,382-sf retail property for a
Tilted Kilt Pub & Eatery. “My client was concerned because a restaurant had
previously failed in that location, but the demographics report proved that it
wasn’t due to a lack of potential consumers,” Mills says. “For our smaller
commercial brokerage firm, STDB’s quality and relevant software is imperative.”
Stuart L. Rosenberg, CCIM, of ICI Commercial in Arlington Heights, Ill.,
represented the lessor, Keystop Investors.
Multifamily
BIG Deal
Christopher Coupal, CCIM,
of DTZ Barnicke Waterloo Wellington in Waterloo, Ontario, negotiated the more
than $22.4 million sale of the 191-unit Westcourt Estates in Waterloo from a
private investor to an undisclosed buyer.
Elizabeth Tilbury, CCIM,
of Tilbury Ferguson & Neuburg in Portland, Ore., and a partner negotiated
the $10 million sale of the 100-unit Cedar Hills Townhomes in Portland from
Cedar Hills Townhouses LLC to Cedar Hills Manor LLC.
John W. Preiss, CCIM, of
The Preiss Co. in Raleigh, N.C., negotiated the $2.7 million sale of a 288-bed
student-housing property in Elon, N.C., from J.E. Roberts Co. to an undisclosed
buyer.
Office
BIG Deal
Robert J. King, CCIM, of
R.J. King & Associates in Tampa, Fla., negotiated the $18.3 million sale of
two medical office buildings totaling 104,000 sf in Orlando, Fla., from Commons
Florida to Healthcare Trust of America.
Dennis Hearst, CCIM, of
Cushman & Wakefield in San Diego represented Novatel Wireless in the
6-year, more than $13.4 million lease of 96,330 sf of office space in San Diego
from Maguire Properties.
Tony Fluhr, CCIM, of NTS
Development Co. in Louisville, Ky., and a partner represented NTS Realty
Holdings in the 10-year, more than $9 million lease of 75,000 sf of office
space in Louisville to Insight Communications.
Soozi Jones-Walker, CCIM,
and Bobbi Miracle, CCIM, of Commercial Executives in Las Vegas represented Holland &
Hart in the 10-year, more than $6.1 million lease of 25,594 sf of office space
in Las Vegas from Margel/Parkway Pointe LLC.
Industrial
BIG Deal
Edward J. Redlich, CCIM,
of ComReal Miami in Miami represented Faith Freight Forwarding in the more than
$7.6 million sale of a 127,000-sf industrial property in Miami to Del Valle
Brands Distribution.
George J. Pofok, CCIM, of
Cresco Real Estate in Cleveland and two partners represented Automated
Packaging Services in the $5.2 million purchase of a 173,315-sf industrial
property in Streetsboro, Ohio, from Playtex Manufacturing. Terence P. Coyne,
CCIM, of Grubb & Ellis Co. in Cleveland represented the seller.
Holly Yang, CCIM, of
Rainer Pacific Properties in Seattle represented Evangelical Chinese Church in
the more than $4.8 million purchase of 60,511 sf of industrial space in
Redmond, Wash., from an undisclosed seller.
Thomas M. McDermott, CCIM,
of NAI Commercial Partners in Lancaster, Pa., represented Union National
Community Bank in the $3.7 million sale of 136,542 sf of industrial space in
Lancaster to MBJA Partners LLC. James W. Wentz, CCIM, of High Associates in
Lancaster represented the buyer.
Renee Dyer, CCIM, of
Prudential Commercial Real Estate in Land O’ Lakes, Fla., and a partner
negotiated the $3.1 million sale of 56,000 sf of industrial space in Odessa,
Fla., from Paladin Properties to Gunn Highway REEP LLC.
Ian M. Grusd, CCIM, of
Sperry Van Ness Richter Grusd in Iselin, N.J., represented Toma Realty and The
Arbor Group in the $2.8 million purchase of a 43,880-sf industrial property in
Union, N.J., from an undisclosed seller.
Retail
BIG Deal
Ember W. Grummons, CCIM,
of Investors Realty in Omaha, Neb., represented Jasper Stone Partners in the
more than $10.7 million purchase of the 163,000-sf Stateline Station Shopping
Center in Kansas City from M&I Bank.
Christopher Prosser, CCIM,
and Steven L. Timmel, CCIM, of Colliers International in Cincinnati and a
partner represented JPMCC 2006-LDP6 Eastgate Boulevard LLC in the $7.5 million
sale of a 402,786-sf retail property in Cincinnati to Union Township Clermont
County CIC.
Christopher Coupal, CCIM,
of DTZ Barnicke Waterloo Wellington in Waterloo, Ontario, negotiated the $6.8
million sale of a 17,000-sf retail property in Waterloo from an undisclosed
seller to an undisclosed buyer.
Thomas M. Hubard, CCIM, of
Poe & Cronk Real Estate Group in Roanoke, Va., represented an investment
group in the $6 million purchase of three Applebee’s Restaurants totaling
14,336 sf and located in Roanoke, Christiansburg, and Martinsville, Va., from
an undisclosed seller.
Niraj Sarda, CCIM, of CB
Richard Ellis in Dearborn, Mich., represented Ford Leasing Development Co. in
the $4.7 million sale of a 50,000-sf retail property in Irving, Texas, to
College Properties.
Garry E. Adams, CCIM, of
Capital Realty in Sherman Oaks, Calif., represented Safeway in the $4 million
sale of a 29,000-sf retail property in La Mirada, Calif., to an undisclosed
buyer.
Ryan J. Johnson, CCIM, of
Johnson Group in Reno, Nev., and a partner represented an undisclosed buyer in
the $3.3 million purchase of an 18,514-sf retail property in Reno from an
undisclosed seller.
David J. Stevens, CCIM, of
Investment Properties Corp. in Naples, Fla., negotiated the $3.2 million sale
of a 21,000-sf retail property in Naples from Everbank to Shelbourne Towers LP.
Hospitality
Robert Hand, CCIM, and
Richard Juge, CCIM, of Re/Max Commercial Brokers in New Orleans represented
Marshall Investments in the more than $5.3 million sealed-bid sale of a
141,000-sf hotel in New Orleans to a private investor.
Financing
BIG Deal
Paul B. Natalizio, CCIM, of
Cornerstone Realty Consultants in Stoneham, Mass., arranged the $6.9 million
financing of a three-building mixed-use portfolio in Boston for an undisclosed
client.
Brad A. Cox, CCIM, of
Thomas D. Wood and Co. in Winter Park, Fla., arranged the $3.4 million
financing of 70,104-sf Shoppes of Atlantis in Atlantis, Fla., for an
undisclosed borrower. Cox also arranged the more than $2.9 million financing
for the 66,403-sf Taramac Center in Taramac, Fla., for an undisclosed borrower.
Specialty
Robert Hand, CCIM, and
Richard Juge, CCIM, of Re/Max Commercial Brokers in New Orleans represented
MIC-ORDOS in the $5.1 million sale of the 300-acre Bedico Creek golf course in
Madisonville, La., to David Waltemath Properties.
Mixed-Use
Robert DiPietrae, CCIM, of
Hendricks & Partners in Seattle represented Uptown Associates in the $9.5
million sale of a 44,310-sf mixed-use property in Portland, Ore., to Uptown
Tower Apartments LP.