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/64804
MAKERSDEAL The Biggest Deal Leonard P. Deering Jr., CCIM, of Berkadia Commercial Mortgage LLC in Chicago and two partners arranged the $23 million refi nancing of a portfolio of fi ve multifamily properties totaling 525 units in Milwaukee, Racine, and Cudahy, Wis., for Gorman and Co. Offi ce Big Deal ¶Jerry J. Davis, CCIM, of MentorVest Properties in Battle Ground, Wash., negoti- ated the $15.7 million sale of a 112,000-sf offi ce property in Raleigh, N.C., from Teufel-Trinity Place LLC to F6Trinity LLC. ¶Mark V. Phillips, CCIM, of Sperry Van Ness in Fountain Hills, Ariz., negotiated the $13 million sale of a 55,594-sf offi ce building in Redding, Calif., from an undisclosed seller to the U.S. Forestry Service. H. William Haedrich, CCIM, of Haed- rich & Co. in Redding, Calif., represented the seller. John R. Buccinno, CCIM, of NAI Keystone Commercial & Industrial LLC in Reading, Pa., represented MBC Grings Hill LLC in the $6.8 million sale of a 21,000-sf medical offi ce building in Cumru Township, Pa., to an undis- closed buyer. John P. Duffy Jr., CCIM, of Cushman & Wakefi eld/ T alhimer in Virginia Beach, Va., represented Hampton 46 May | June | 2012 North I LLC and Hampton North II LLC in the more than $5.2 million sale of a 67,749-sf offi ce building in Hampton, Va., to Suttle Holding Corp. Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, negoti- ated the more than $4.2 mil- lion sale of a 42,714-sf offi ce building from an undisclosed seller to a private investor. Retail Big Deal Brian Tapp, CCIM, of NAI Knoxville in Knoxville, Tenn., and two partners negotiated the more than $10.7 million sale of a 21.5-acre retail devel- opment from Regions Bank to Leconte Properties. Chris Rink, ´CCIM, of Cassidy Turley BRE Commer- cial in San Diego represented Santee CL LLC in the $8.7 million purchase of a 14,758-sf Walgreens in San Diego from Interra-Vision LLC. ¶David J. Stevens, CCIM, of Investment Properties Corp. of Naples in Naples, Fla., negotiated the $7.7 million sale of a 120,000-sf shopping center in Naples from U.S. Bank to Naples Uptown Holdings LLC. ´Jim Casale, CCIM, of Lee & Associates in San Diego represented a family trust in the $6.5 million purchase of a 14,600- sf CVS drugstore in Katy, Texas, from Cinco Verde Retail Partners LLC. ¶Sam Ferrell, CCIM, of Coldwell Banker Commercial Westmac in Los Angeles, represented Nationwide Consulting in the $5.4 million sale of a 7,264-sf restaurant in Culver City, Calif., to Culver Investments LLC. Joseph H. Graham, CCIM, of CBRE Raleigh in Raleigh, N.C., represented an undisclosed buyer in the $4.2 million purchase of 8,059 sf of retail space in Raleigh from Glenwood Ave. Brier Creek LLC. Young Ja Kim, CCIM, of Kim Commercial in Atlanta represented Norcross-Tucker Village LLC in the $3.2 mil- lion purchase of a 60,425-sf retail property in Norcross, Ga., from Regions Bank. Land Big Deal Niraj Sarda, CCIM, of CBRE in Dearborn, Mich., represented Ford Leasing Development Co. in the $5.2 million sale of 12 acres of land in Surprise, Ariz., to SVFT Development. Charles E. Wiercinski, CCIM, of McLennan Com- mercial Properties in Park Ridge, Ill., represented Polmax Transportation Co. in the $4.5 million purchase of 36 acres of land in Alsip, Ill., from Manheim Remarketing. Thomas Grunnah, CCIM, of Henry S. Miller Brokerage in Dallas and Jon Strelec, CCIM, of Tribeca Co. in Austin, Texas, represented an undis- closed seller in the more than $2 million sale of 148 acres of land in Austin to BFI Waste Systems of North America. Financing Frank Pipgras, CCIM, of Frank Pipgras Real Estate Services in Sebastopol, Calif., arranged the more than $3.8 million fi nancing of a 45,000- sf offi ce building in Santa Rosa, Calif., for an undis- closed borrower. Industrial Big Deal ¶John J. Godwin, CCIM, of Marcus & Millichap in Southfi eld, Mich., and two partners represented both the undisclosed seller and the undisclosed buyer in the $12.4 million sale of a 307,315-sf distribution building in North Jackson, Ohio. Commercial Investment Real Estate