CCIM Feature

February 2004 Online Deal Makers

Industrial
Geoffrey S. Hill, CCIM, SIOR, and Jon G. Savoy, CCIM, GRI, SIOR, of Grubb & Ellis in Southfield, Mich., were the sole brokers in the more than $2.3 million sale of a 151,210-sf industrial property in Northfield Township, Mich., from Royal Neighbors of America to Whitmore Lake Partners LLC.
Terry A. Stieve, CCIM, SIOR, of Colliers Turley Martin Tucker in St. Louis represented Madison Warehouse Corp. in a more than $2.2 million, 142,500-sf industrial lease to Wainwright Industries.
J. Jeff Castell, CCIM, SIOR, of Colliers Turley Martin Tucker in Indianapolis represented RXI Plastics/Silgan in a nearly $2 million, 105,695-sf industrial lease from Opus North Corp.
Stan Mullin Jr., CCIM, SIOR, of Grubb & Ellis in Newport Beach, Calif., represented Goddard JP/PI LLC in the more than $1.7 million sale of an 8,992-sf industrial building in Irvine Spectrum, Calif., to Express Systems.
R.C. Myles, CCIM, SIOR, of Fuller and Co. in Denver and a partner represented Stephen D. Tebo in the nearly $1.7 million sale of a 42,010-sf industrial building in Denver to Jama Corp. Private Ltd.
Bryan W. Poynter, CCIM, SIOR, of Colliers Turley Martin Tucker in Indianapolis represented Waste Reduction in a more than $1.6 million, 39,981-sf industrial lease from Duke Realty Corp.
Geoffrey S. Hill, CCIM SIOR, of Grubb & Ellis in Southfield, Mich., represented Richelieu in a nearly $1.4 million, 35,188-sf industrial lease in Sterling Heights, Mich., from Garland Commons LLC.
Thomas M. McCormick, CCIM, SIOR, and Bernard McNab, CCIM, of Colliers Turley Martin Tucker in Cincinnati represented Flavor Systems in the more than $1.2 million purchase of a 40,190-sf industrial building from Janick LLC, represented by David Noonan, CCIM, SIOR, also of Colliers.
John V. Propp, CCIM, of Propp Property in Denver represented the Pueblo Bank and Trust Co. in the $1.2 million sale of a more than 38,000-sf industrial warehouse complex to Lion's Song LLC.

Hospitality
Greg Meinhold, CCIM, of Hospitality Specialist in Everett, Wash., represented Anish Prakash in the $3 million purchase of a 118-unit Comfort Inn in Federal Way, Wash., from Venture Bank.

Multifamily
Robert E. Smith, CCIM, of Smith Equities Corp. in Orlando, Fla., represented Atlantic Resources A-Woodcrest in the more than $1.8 million sale of the 62-unit Woodcrest Apartments in Bradenton, Fla., to Grand Oaks LLC.
Michel Hibbert, CCIM, of Charles Dunn Co. in Los Angeles represented Matt Nelson in the $1.3 million sale of a nine-unit apartment complex to Ipowerweb. He also was the sole broker in the more than $1.2 million sale of a nine-unit apartment complex from Bob and Margie Nakamura to Matt Nelson.

Specialty Properties
Dennis R. Moore, CCIM, of Sperry Van Ness in Irvine, Calif., and two partners represented a private LLC in the more than $2.2 million sale of a 20,465-sf Redline self-storage facility in Costa Mesa, Calif., to a private investor.

Land
Alan S. Apt, CCIM, GRI, of Aptcor Commercial, Realtors, in Lansdale, Pa., was the sole broker in the $1.7 million sale of two acres in Marlton, N.J., from Dominic and Dianne Margiotti to Liberty Bell Bank.
Fritz A. Kauffman, CCIM, SIOR, of Colliers Turley Martin Tucker in Indianapolis represented Mark Harrison, Trustee, in the more than $1.1 million sale of nearly 9.6 acres to Wal-Mart Stores East.
Jeffrey R. Bender, CCIM, SIOR, of Colliers Turley Martin Tucker in Cincinnati and a partner represented Em-A-Non in the $1 million sale of 20 acres to Timberlake Family LP.

Office
Steven Eisenshtadt, CCIM, of Friedman Real Estate Group in Farmington Hills, Mich., represented Lennar in a $2.9 million, 16,327-sf office lease in Detroit to Strategic Staffing.
Scott Bazoian, CCIM, SIOR, and David A. Kelpe, CCIM, of Colliers Turley Martin Tucker in St. Louis represented the Automobile Club of Missouri in a more than $2 million, 18,732-sf office lease from 3445 Causeway Boulevard LP.
Robert Lowe, CCIM, and Whit McCrary, CCIM, of Colliers Turley Martin Tucker in Brentwood, Tenn., and a partner represented Faulkner Mackie Cochran in a nearly $2 million, 7,767-sf office lease to American Center Partnership.
Carol Warren, CCIM, of Colliers Arnold Commercial Real Estate Services in Clearwater, Fla., represented VMS Properties in the more than $1.8 million purchase of a 19,400-sf office building from MRDM.
D. Michael Posten, CCIM, SIOR, of Colliers Turley Martin Tucker in Kansas City, Mo., and a partner represented Blue Cross/Blue Shield of Kansas City in a more than $1.6 million, 45,067-sf office space lease to H&R Block Tax Services. He and another partner represented Community America Credit Union in a $1.4 million, 16,883-sf office lease to Silver Oak Services LLC.
Darrin L. Boyd, CCIM, and David A. Moore, CCIM, SIOR, of Colliers Turley Martin Tucker in Indianapolis represented ZIRP- Castleton LLC in a more than $1.6 million, 51,569-sf office lease to AdminStar Federal.
« E. Thomas Naseef, CCIM, of Coldwell Banker Commercial ETN in Las Vegas and a partner represented RKC Corp. in a more than $1.5 million, 60-month, 20,900-sf office lease to Novum Pharmaceutical Research. He and partner also represented Imperial Capital Bank in the $1.3 million sale of an 8,525-sf office building to Boulder City Properties LLC.
J. Michael Statter, CCIM, of Colliers Turley Martin Tucker in St. Louis and a partner represented Innovative Benefits Group in a more than $1.2 million, 10,967-sf office lease from Duke Realty Corp.
David A. Morris, CCIM, SIOR, and Clarence M. Turley Jr., CCIM, SIOR, of Colliers Turley Martin Tucker in St. Louis represented Mercantile Properties in a more than $1.1 million, 17,485-sf office lease to Roberts, Perryman, Bomkamp & Meives.

Mixed-Use
John McLaughlin, CCIM, of McLaughlin Investments in Burlington, Mass., was the sole broker in the nearly $2.5 million sale of a 13,500-sf retail/office complex from Boston Federal Savings Bank to Ravanis Properties.
Brian Cahane, CCIM, of Coldwell Banker Commercial ETN in Las Vegas and a partner represented Furniture Mart in the $1 million purchase of a 17,652-sf retail/mixed-use property from Lawrence Hegwood.

Retail
Michael K. Houge, CCIM, SIOR, Keith A. Sturm, CCIM, and Deborah K. Vannelli, CCIM, of Upland Real Estate Group in Minneapolis were the sole brokers in the $2.8 million sale of a 10,800-sf CVS Pharmacy in St. Clair, Mich., between two private investors. They also represented a private seller in the $2.2 million sale of a 9,897-sf KinderCare Learning Center in Glastonbury, Conn., and the $1.4 million sale of a 6,200-sf KinderCare Learning Center in Bonney Lake, Wash., to another private investor. They also represented a private investor in the more than $1 million sale of a 7,115-sf H&R Block-leased retail property in Dearborn, Mich., to another private investor.
Rebecca L. Wells, CCIM, of Colliers Turley Martin Tucker in Indianapolis represented Clover Properties in the more than $2.1 million sale of a 13,920-sf retail building to Arcadia Real Estate.
Carl G. Russell, CCIM, GRI, SIOR, of George J. Smith & Son Commercial & Investment Real Estate in Milford, Conn., was the sole broker in the nearly $1.4 million sale of a 9,050-sf shopping center in Avon, Conn., from Willowbrook Associates to BZHK.
« John McLaughlin, CCIM, of McLaughlin Investments in Burlington, Mass., represented Autobahn Automotive in the more than $1.1 million purchase of an 11,462-sf retail automotive facility in Lexington, Mass., from Auto Engineering.