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.
Issue link: http://cire.epubxp.com/i/206598
DE AL MAKERS The Biggest Deal Andrew Cheney, CCIM, and R. Craig Coppola, CCIM, of Lee & Associates in Phoenix represented Mainspring Capital in the 10-year, more than $24 million lease renewal of the 93,753-sf Corporate at Pima Center Building C in Scottsdale, Ariz., to First American Title Insurance Co. Cheney and Coppola also represented Yarvek LLC in the more than $11.5 million sale of the 73,377-sf Cotton Corporate Center building in Phoenix to Mutual of Omaha. Industrial Big Deal industrial property in Roanoke to Ardagh Metal Packaging USA. of Poe & Cronk Real Estate Group in Roanoke, Va., represented an undisclosed seller in the $14.5 million sale of a 640,000-sf of Mohr Capital in Dallas represented Mohr Capital in the purchase of a 497,500-sf former Scholastic Books distribution center in Little Rock, Ark., from an undisclosed seller. Te project will have a total capitalization of $10 million. Bruce N. Jackson, CCIM, of CBRE in Jacksonville, Fla., represented Compass Rose Foundation in the $5.2 million purchase of a 168,000sf warehouse in Jacksonville from Cofe Fund One-Western Way LLC. Mark Zamudio, CCIM, of Colliers International in San Jose, Calif., represented Oncore Manufacturing Services in the more than 5-year, more than $4.8 million lease of a 127,452-sf industrial property in Fremont, Calif., from Prologis. ³J. Jeffrey Castell, CCIM, of Cassidy Turley in Indianapolis and Angela J. Wethington, CCIM, of Browning Investments in Indianapolis represented The Westminster Funds in the $21 million sale of the 522,358sf Northeast Business Center in Indianapolis to Citimark. Wethington was employed by Cassidy Turley when the deal closed. ´Dennis R. Cronk, CCIM, and Matthew R. Huff, CCIM, 46 November | December | 2013 ³A. Scott Henry, CCIM, James Snyder, CCIM, of Lee & Associates in Newport Beach, Calif., and a partner represented the Cunningham Family Trust in the more than $3.3 million sale of a 27,997-sf industrial property in Garden Grove, Calif., to Intra Storage Systems. Aaron P. Cross, CCIM, of APC Realty LLC in Covington, La., represented L&J; Investments LLC in the $3.1 million sale of a 72,500-sf light manufacturing facility in Picayune, Miss., to Avon Engineered Fabrications. Multifamily Big Deal ³Handoko Widjaja Chen, CCIM, of Lee & Associates in Arcadia, Calif., negotiated the more than $7.7 million sale of an 81-unit multifamily property in Panorama City, Calif., from a private seller to a private buyer. Retail Big Deal ³R. Bryan Deane, CCIM, of Legendary Realty in Destin, Fla., negotiated the 10-year, more than $10 million lease of a 25,000-sf restaurant at HarborWalk Village in Destin from HarborWalk LLC to Margaritaville of Destin LLC. Phillip Dunning, CCIM, of Colliers International in Las Vegas and a partner represented Geddes Diversifed LLC in the more than $8.5 million sale of the 105,132-sf Stephanie Promenade Retail shopping center in Henderson, Nev., to Roxbury Advisors LLC. Michael Mallon, CCIM, of DK Mallon in Elmhurst, Ill., represented Lake Meadows Associates in the 10-year, $8.3 million lease of 40,000 sf of space at Lake Meadows Shopping Center in Chicago to LA Fitness. Sandy G. Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, negotiated the 15-year, $7.7 million lease of a 44,000-sf retail property in Winnipeg from an undisclosed lessor to Toys R Us. Shindleman also negotiated the 10-year, more than $5.5 million lease of a 27,817-sf retail property in Winnipeg from an undisclosed lessor to Marshalls. ³Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a partner Commercial Investment Real Estate