CCIM Feature

Deal Makers(32)

The Biggest Deal

Michael Stockton, CCIM, of Horizon Mortgage Corp. in Sarasota, Fla., arranged the $61.5 million financing of three multifamily communities totaling 996 units in Alabama and South Carolina for Sturbridge Commons Apartments LLC, Polos at Hudson Corners LLC, and Audubon Holdings LLC.

CCIM ROI

“The CCIM education gives everyone a tremendous foundation in the owner perspective,” says Gary W. Lyons, CCIM, of Lincoln Harris in Raleigh, N.C., who represented Kestrel Heights Charter School in the 10-year, $2.6 million lease of a 31,000-sf industrial property in Durham, N.C. “Since I understood the landlord’s target returns, I could get the tenant to appreciate that perspective, which helped close the deal.” Angus McDonald, CCIM, of Tri Properties in Durham, N.C., represented the lessor, Harrod Properties III LLC.

Multifamily

BIG Deal

John W. Preiss, CCIM, of the Preiss Co. in Raleigh, N.C., represented UV 88 LLC in the $19 million purchase of a 240-unit student-housing property in Champaign, Ill., from Wells Fargo.

Casey Babb, CCIM, of Marcus & Millichap in Tampa, Fla., represented Willowbrooke Apartments LLC in the more than $14.1 million sale of the 300-unit Willowbrooke Apartments in Lakeland, Fla., to a private investor.

Michel Hibbert, CCIM, of Charles Dunn Co. in Los Angeles represented 821 Wilcox Avenue LLC in the more than $4.4 million purchase of an 18-unit multifamily property in Los Angeles from 813 Wilcox LLC.

Retail

BIG Deal

P. Robert Manor, CCIM, of Coldwell Banker Commercial AI Group in Orange City, Fla., represented Sand Dollar LLC in the $14.8 million sale of a portfolio of 8 Dollar General Stores in Florida to an undisclosed buyer.

Jim Casale, CCIM, of Lee & Associates in San Diego negotiated the $3.8 million sale of a 10,908-sf retail property in Sherman, Texas, from an undisclosed seller to ARC Properties Trust.

Andy R. Fishler, CCIM, of the Boerke Co. in Milwaukee represented IDS Properties in the $3.7 million sale of the 65,000-sf Sentry Grocery Store in Milwaukee to an undisclosed buyer.

David J. Stevens, CCIM, of Investment Properties Corp. in Naples, Fla., represented TWC Associates Profit Sharing in the $3.5 million purchase of a 45,824-sf retail property in Naples from MSCI 2006-HQ10 Naples Retail LLC.

Christopher Prosser, CCIM, and Steven L. Timmel, CCIM, of Colliers International in Cincinnati represented Anchor Properties/Miller-Valentine in the more than $2.3 million sale

of the 9,835-sf Evandale Commons in Cincinnati to Yale Realty Services.

Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial in Los Angeles and two partners negotiated the more than $2.1 million sale of a 3,800-sf retail property in Beverly Hills, Calif., from a private owner to a private investor.

Niraj Sarda, CCIM, of CB Richard Ellis in Dearborn, Mich., represented Ford Motor Credit Co. in the $2.1 million sale of a 55,736-sf retail property in Spokane, Wash., to an undisclosed buyer.

Office

BIG Deal

Reid A. Bennett, CCIM, of Sperry Van Ness in Chicago, and two partners represented the Dakota Bank Building LP in the $9.5 million sale of the 120,000-sf Dakota Center building in Fargo, N.D., to NetReit.

Dominic Daniel Dutra, CCIM, of Dutra-Cerro-Graden in Hayward, Calif., and a partner represented Chabot-Las Positas Community College District in the more than $8.9 million purchase of more than 65,000 sf of office space in Dublin, Calif., from Nearon Enterprises.

Chad G. Boddez, CCIM, of Colliers International in Edmonton, Alberta, represented the Standard Life Assurance Co. of Canada in the 5-year, $4.1 million lease of a 58,599-sf office property in Edmonton to EBA Engineering Consultants.

Russell T. Noll, CCIM, of Transwestern in San Antonio represented Brooks Development Authority in the 5-year, $4 million lease of 77,648 sf of office space in San Antonio to the Board of Regents of Texas A&M University.

Joseph H. Graham, CCIM, of CB Richard Ellis in Raleigh, N.C., represented Healthcare REIT in the more than $3.7 million sale of 30,464 sf of office space in Durham, N.C., to an undisclosed buyer.

Christopher Prosser, CCIM, and Steven L. Timmel, CCIM, of Colliers International in Cincinnati represented C-III in the more than $3.6 million sale of 296,253 sf of office space in Dayton, Ohio, to THMG 10 LLC.

James P. O’Connell, CCIM, and Thomas M. Powers, CCIM, of Cassidy Turley in Cincinnati and a partner represented Duke Realty Corp. in the $2.9 million sale of 28,700 sf of office space in Cincinnati to a private investor.

Michel Hibbert, CCIM, of Charles Dunn Co. in Los Angeles represented One A LLC in the more than $2.4 million sale of a 5,550-sf office building in Beverly Hills, Calif., to GDSB&M LLC.

Industrial

BIG Deal

Stephen V. Jacquemin, CCIM, of S.J. Financial Group in St. Louis represented Arlan Asset Management in the $4.2 million purchase of the 96,000-sf Lakefront Commerce Center in Earth City, Mo., from Reliance Bank.

James P. Keeley, CCIM, of Colliers International in Scottsdale, Ariz., and a partner represented Birchwood Heights Equity Corp. in the more than $2.2 million purchase of 58,437 sf of industrial condos in Phoenix from NextGen Commercial LLC.

Bruce R. Isaac, CCIM, of NAI Isaac Commercial Properties in Lexington, Ky., and two partners represented JCI in the more than $2.1 million sale of a 97,500-sf industrial property in Georgetown, Ky., to HGI-Kentucky LLC.

Mixed-Use

BIG Deal

Timothy C. Macker Jr., CCIM, of Coldwell Banker Commercial in Los Angeles and a partner negotiated the $10.5 million sale of a three-building mixed-use portfolio totaling 16,585 sf in Santa Monica, Calif., from an undisclosed seller to an undisclosed buyer.

John R. Gendron, CCIM, of Gendron Commercial in Portland, Maine, negotiated the $5.2 million sale of a 84,000-sf mixed-use property in Westbrook, Maine, from Russ Sternberg, Johnathan Cohen, and John Hutchins to 865 Spring Street LLC.

Financing

BIG Deal

Steven Lloyd States, CCIM, of States Mortgage Co. in Houston arranged the more than $8.6 million refinancing of a 63,000-sf medical office property in Houston for an undisclosed borrower.

Farrah L. Kay, CCIM, of National Bank of Arizona in Tucson, Ariz., arranged the $8 million financing of a 116-unit multifamily property development project in Tucson for a partnership sponsored by MC Cos.

Russ W. Martin Jr., CCIM, of First Security Bank in Little Rock, Ark., arranged the more than $4.5 million financing of a 73-room hotel in Little Rock for an undisclosed borrower.

Land

BIG Deal

Dominic Daniel Dutra, CCIM, of Dutra-Cerro-Graden in Hayward, Calif., negotiated the $2.8 million sale of 71.6 acres of agricultural land in Watsonville, Calif., from Salesian Society to Dalton Lane Watsonville LLC.

William H. Rollins Jr., CCIM, of Land Solutions in Fort Myers, Fla., and a partner represented Colonial Homes in the $2.8 million sale of 96 residential lots in Naples, Fla., to Lennar Homes LLC.

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