Commercial Investment Real Estate

MAY-JUN 2015

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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45 May | June | 2015 CCIM.com in Maitland, Fla., represented his client in the $27 million sale of the 206,365-sf Meridian Crossings power center in Meridian, Miss., from an undisclosed seller. Glickman also represented a retail investment fi rm in the $9.3 million sale of the 49,329-sf Colonial Town Center in Orlando, Fla., to an interna- tional investment fi rm. ³ Ember Grummons, CCIM, of Investors Realty in Omaha, Neb., represented an af liate of Integris Ventures in the more than $16.7 million purchase of the 115,495-sf Centro Plaza shopping center in Lincoln, Neb., from an undisclosed seller. Cathy A. Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Spanish Ranch I LP in the more than $12 mil- lion sale of an 80,247-sf retail center in Mesa, Ariz., to SSIF- Augusta Ranch 2 LP. ³ Nicholas L. Miner, CCIM, of Orion Investment Real Estate in DE AL M A K E RS Industrial Big Deal ³ Jeff Hoffman, CCIM, of Cushman & Wakefi eld/The Boerke Co. in Milwaukee represented Stella & Chewy's in the $41 million sale a 164,007-sf build-to-suit food processing facility in Oak Creek, Wis., to Lexington Realty Trust. ³ Ruby F. Chou, CCIM, of Realty Brokers International in Rolling Hills Estates, Calif., represented American Rena International Corp., in the more than $9 million purchase of the 67,557-sf Avery Research Center in Pasadena, Calif., from Hager Pacif c Properties LLC. ³ Charles M. Clifton, CCIM, of Charles M. Clif on LLC in Tampa, Fla., represented JWET Realty Corp. in the $4.9 million sale of the 171,000-sf Taylor Made Industries manufacturing facility in Bradenton, Fla., to Bradenton Property Invest- ments LLC. R. Milton Thomas, III, CCIM, of Lee & Associates Charleston in Charleston, S.C., represented Summerville Industrial Park in the $3.4 mil- lion sale of a 50,000-sf indus- trial property in Summerville, S.C., to Pierce Hardy LP. ³ Garret Harper , CCIM, of NAI Norris, Beggs & Simpson in Vancouver, Wash., represented Herschell Management LLC in the more than $3.2 million purchase of the 40,870-sf Padden Industrial Park in Vancouver from Heuvel Enterprises LLC. Beau Beery, CCIM, of Coldwell Banker Commercial M.M. Parrish in Gainesville, Fla., represented Nalbandian Properties in the $3.2 mil- lion purchase of a 43,000-sf industrial property in Gaines- ville from Medical Devices Technologies. Retail Big Deal ³ Sean Glickman, CCIM, of Coldwell Banker Commercial NRT Scottsdale, Ariz., and a partner negotiated the $9.3 million sale of the 103,000-sf Sunburst Plaza in Glendale, Ariz., from T e Sunburst Plaza Co. LLC to Sunburst Station LLC. ³ Ryan Imbrie, CCIM, of Sperry Van Ness in Portland, Ore., represented the seller in the $8.9 million sale of the 65,000-sf Sun West Shopping Center in Hillsboro, Ore., to an undisclosed buyer. ³ Daniel Scanlon, CCIM, of Colliers International in Manchester, N.H., and a partner represented three parties in the $6.1 million sale of the 109,069-sf Granite Town Plaza in Milford, N.H., to a private investor. ³ Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a partner negotiated the more than $4 million sale of a CVS Pharmacy in Meriden, Conn., from a northeastern regional investor to a New Jersey investor. kwater and a partner also negotiated the more than $3 million sale of a 7,355-sf retail strip center in Latham, N.Y., from a local seller to a local investor. ³ David J. Stevens, CCIM, of Investment Properties Corp., represented T e Lawrence J. Harwood, CCIM, of Q10|Lutz Financial Services in Birmingham, Mich., arranged the $46.5 million ref nancing of a 345,000-sf retail power center in Orion Township, Mich., for an undisclosed borrower. Harwood also arranged the $29.2 million f nancing of a 617-unit multifamily complex in Lansing, Mich., for an undisclosed borrower. The Biggest Deal

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