Commercial Investment Real Estate

MAY-JUN 2013

Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.

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DE AL MAKERS Timothy C. Macker Jr., The Biggest Deal Richard A. Brugge Jr., CCIM, of Cushman & Wakefeld in Tampa, Fla., and a partner represented Prisa Rocky Point FL LLC in the more than $81.7 million sale of 494,813 sf of ofce space in Tampa to Parmenter Realty Partners. Brugge and a partner also represented Waldemere Ventures LLC in the $46.5 million sale of 149,710 sf of ofce space in Sarasota, Fla., to Health Care REIT. Multifamily Big Deal Gary N. Hunter, CCIM, of Westlake Associates in Seattle represented Pinewood Square LLC in the $17.3 million sale of a 180-unit multifamily property in Lynnwood, Wash., to Bridge Investment Group LLC. ³Cindy Hill, CCIM, of KW Commercial in Studio City, Calif., negotiated the $5.2 million sale of a 24-unit multifamily property in Sherman Oaks, Calif., from an undisclosed seller to an undisclosed buyer. ´Jeff Koon, CCIM, of Carriage House Realty in Athens, Ga., represented a private investment fund in the more than $3.6 million purchase of a 68-unit multifamily property in Gainesville, Ga., from DRV Limited LLC. Koon also represented a private investment fund in the $3.2 million purchase of a 51-unit multifamily property in Athens from ROC LLC. 46 May | June | 2013 Industrial Big Deal ³Marc Barker, CCIM, of NAI/ Latter & Blum in Baton Rouge, La., represented WBR Equities LLC in the longterm, $40 million lease of 1 million sf of industrial property in Baton Rouge to an undisclosed lessee. Kenneth A. Shebib, CCIM, of Colliers International in Edmonton, Alberta, represented Kuusamo Developments in the $12.5 million sale of a 23,744-sf industrial property in Fort McMurray, Alberta, to Alberta Regional Carpenters. Shebib also negotiated the $11.5 million sale of a 25,956-sf industrial property in Fort McMurray from Property Solutions 2006 Ltd. to Acuren Group. Si A. Pitstick, CCIM, of Cincinnati Commercial Realtors in Cincinnati represented Sonoco in the $6.9 million sale of a 326,001-sf industrial building in Erlanger, Ky., to Newly Weds Foods. John T. Joyce, CCIM, of Newmark Knight Frank Epic in Rosemont, Ill., represented an undisclosed seller in the $3.8 million sale of a 38,000-sf industrial property in Chicago to GLG International. Retail Big Deal Joseph H. Graham, CCIM, of CB Richard Ellis in Raleigh, N.C., and a partner represented The Crown Cos. in the more than $8.6 million sale of a 54,500-sf retail property in Cary, N.C., to an entity related to Cole Capital. Douglas Jacoby, CCIM, of NAI Hunneman in Boston and three partners represented Wayland Group Realty Trust in the $6.3 million sale of a 31,677-sf retail property in Wayland, Mass., to Katz Properties. ³Joseph Muratore, CCIM, of NAI Benchmark in Modesto, Calif., and Ryan Swehla, CCIM, of Sentinel Rock Realty Trust in Modesto represented CIII in the $5.6 million sale of a 46,250-sf retail property in Fairfeld, Calif., to MAAP Metropolitan. CCIM, of Coldwell Banker Commercial Westmac in Los Angeles and a partner represented an undisclosed seller in the $4 million sale of a 4,738-sf retail property in Santa Monica, Calif., to an undisclosed buyer. ¶Wayne D'Amico, CCIM, of Re/Max Right Choice Commercial & Investment Division in Trumbull, Conn., and a partner represented undisclosed sellers in the more than $3.4 million sale of 23,300 sf of retail space in Cheshire, Conn., to an undisclosed buyer. Randall Bentley, CCIM, of Lee & Associates Greenville in Greenville, S.C., represented Dune SC Sub I LLC in the more than $3.2 million sale of a 133,143-sf retail property in Greenville to Hollingsworth Fund. Office Big Deal ³Sandy G. Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented an undisclosed lessor in the more than $16.8 million lease of 73,500 sf of office space in Winnipeg to Western Financial. ´Carl D. Kuhn, CCIM, of Jack White Commercial in Anchorage, Alaska, represented an Alaska Native corporation in Commercial Investment Real Estate

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