Commercial Investment Real Estate

SEP-OCT 2017

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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COMMERCIAL INVESTMENT REAL ESTATE 44 September | October 2017 DEAL M A K E R S THE BIGGEST DEAL Norm Khoury, CCIM, and a partner of Colliers International | Greater Cincinnati in Cincinnati represented VanTrust Real Estate LLC in the $33.8 million sale of the 674,500-sf Park 536 industrial building to Kroger Co. Industrial 1 BIGDEAL Arie Salomon, CCIM, 2 Jeff Forsberg, CCIM, and a partner of NAI Puget Sound Properties in Bellevue, Wash., negotiated the $23.3 million lease of the 220,800-sf CenterPoint Kent 167 located at 26600 72nd Avenue S. in Kent, Wash., between CenterPoint Properties and an undisclosed tenant. 3 Lindsay Himelright, CCIM, of Har- vey Lindsay Commercial Real Estate in Norfolk, Va., represented General Foam Plastics Corp. in the $8.5 million sale of a 400,000-sf industrial property located at 1440 London Bridge Rd. in Virginia Beach, Va., to an undisclosed seller. 4 Michael Yurocko, CCIM, of SLC Commercial in Vero Beach, Fla., negoti- ated the $4 million sale of the 52,000-sf Oslo Road Storage located in Vero Beach from Oslo Road Storage to StoreRight. 5 Peter Messina, CCIM, of Brenner Real Estate Group in Fort Lauderdale, Fla., represented Raychel Industries in the $3.6 million sale of a 15,245-sf industrial prop- erty located at 21005 Taft St. in Pembroke Pines, Fla., to Edmil Investments Corp. Office 6 BIGDEAL Heath D. Bullock, CCIM, of JLL in Des Moines, Iowa, represented the Federal Home Bank of Des Moines in the $20.5 million purchase of a 225,000- sf office building at 909 Locust St. in Des Moines from an undisclosed seller. 7 John K. Crotty, CCIM, and a partner of Avison Young in Coral Gables, Fla., rep- resented LNR Partners and John Mitchell in the $18.6 million sale of the 245,550-sf Professional Centre at the Gardens located at 11601-11641 Kew Gardens Ave. in Palm Beach Gardens, Fla., to 11601-11641 Kew Gardens LLC. 8 Jill Rasmussen, CCIM, of Davis Real Estate in Minneapolis negotiated the more than $9.9 million lease of a 20,700 rent- able square feet medical office building located at 1973 Sloan Place in St. Paul, Minn., between an undisclosed lessor and an undisclosed lessee. Rasmussen also negotiated the more than $7.8 mil- lion lease of a 10,500-rsf office building from an undisclosed lessor to Centrasota Oral Surgeons and Central Minnesota Orthodontics. 9 Alfonso Holloman, CCIM, of Lee & Associates in New York City represented Colonade Commons LLC in the $9.3 mil- lion purchase of a 73,000-sf office build- ing in New York City from Seagis Property Group. 10 Pete Brett, CCIM, and 11 David Sigmon, CCIM, of Coldwell Banker Com- mercial Caine in Greenville, S.C., repre- sented Medical Center Realty LLC, North Medical Building Corp., and EMCD Proper- ties LLC in the more than $7.3 million pur- chase of a 20,900-sf medical office build- ing located at 2400 Boiling Springs Road in Boiling Springs, S.C., from Upstate Affiliate Organization dba Greenville Health System. 12 Gary Lyons, CCIM, of Avison Young in Raleigh, N.C., and 13 John K. Crotty, CCIM, of Avison Young in Coral Gables, Fla., represented Savitar Companies LLC in the more than $7.3 million sale of the 146,850-sf Eastport office building located in Greens- boro, N.C., to Eastport Ventures LLC. 14 T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles represented a private seller in the $7.2 mil- lion sale of a 14,000-sf medical building located at 2216 Santa Monica Blvd. in Los Angeles to an undisclosed buyer. 2 4 3 6 5 7 8 11 9 13 14 12 10 1

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