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/897832
CCIM.COM November | December 2017 47 Specialty 32 BIGDEAL Dunston Powell, CCIM, of Carolina Commercial LLC in Mount Pleasant, S.C., represented Atlantic Marina Holdings LLC in the $22.5 million purchase of Tierra Verde Marina Resort in Tierra Verde, Fla., with 500 slips and 12,000-sf of marine retail space from Tierra Verde Marina Resort LLC. 33 Andrew Cheney, CCIM, 34 R. Craig Coppola, CCIM, and 35 Gregg Kafka, CCIM, of Lee and Associates in Phoenix represented an undisclosed buyer in the $5 million purchase of a 22,264-sf school located at 4800 E. Doubletree Ranch Road in Paradise Valley, Ariz., from Sion Holdings– Doubletree LLC. Mixed-Use 36 BIGDEAL Jim Garinger, CCIM, and 37 Fred Kolb, CCIM, of Colliers International | Southwest Florida in Fort Myers, Fla., negotiated the $19.7 million sale of 3.55 acres of commercial land, condominiums, and marina frontage in Naples, Fla., from Vanderbilt Real Estate Holdings to Stock Development LLC. Recently Micah McCullough, CCIM (left), of NAI UCR Properties in Jackson, Miss., represented Truckworx in the $3 million purchase of the 70,000-sf FedEx Ground facility located in Richland, Miss., from an undisclosed seller represented by William Cook Jr., CCIM, of Cook Commer- cial Properties in Jackson. McCullough admits that the transaction only may have occurred because of their long-standing relationship as CCIMs. Back when McCullough was beginning his career, he recalls being paired up with Cook at a Mississippi CCIM Chapter golf outing. The weather took a turn for the worse, and a torrential downpour was expected to wrap up the day's events. However, Cook wanted to keep playing, so he refused to go in. The two kept playing until finally being forced inside. "That's my first recollection of meeting him," McCullough says. "He's a dedicated guy in whatever he's going to do; he's committed to finishing what he started." Cook and McCullough continued to maintain a professional relationship and have worked together on many deals. While working on one recent deal, the two struck up a conversation during some downtime. The conversation turned toward the FedEx facil- ity in Richland that Cook's client was potentially putting on the market. McCullough mentioned he had a client who would be interested in the property. "Without that level of comfort in knowing each other as CCIMs, we may not have had that conversation to begin with," says McCullough. The two CCIMs, along with their clients, worked together to close the deal and succeeded in having a final sale that was positive for all parties involved. What began as a possible unfortunate day on the golf course has evolved into an alliance in the commercial real estate market. Index of Advertisers CCIM Business Owner: Karl Landreneau, CCIM ..............................21 CCIM Designee Checklist .............................13 CCIM Designation ................................ cover 4 CCIM Development Specialty Track ..............17 CCIM Foundation .........................................45 CCIM Industry Partners ..................................4 CCIM Institute Courses ...................................9 CCIM Membership Benefits ..........................19 CCIM 2017 Women of Influence ...................33 Century 21 ........................................... cover 2 Madison Hawk .............................................15 New CCIM Online Courses ...........................11 RE/MAX Commercial ............................ cover 3 SIOR ............................................................43 Stewart Title ...................................................3 Ten-X ..............................................................5 Looking for more information on a product or service? Visit our advertiser Web links on CIRE magazine's website at CCIM.com/cire. For advertising information, contact Dan Burke at (732) 241- 6720 or dan@burkemediagroup.com. CCIM ROI Statement of Ownership Commercial Investment Real Estate Publication Number 1524-3249 Filing Date: 10/1/2017 Published bimonthly by the CCIM Institute, an affiliate of the National Association of Realtors, 430 N. Michigan Ave., Suite 700, Chicago, IL 60611-4084. Publisher and Executive Editor: Sara S. Patterson Annual Subscription Price: $45 for nonmembers, $55 for Canada/Mexico Extent and Nature of Circulation Average No. Copies Each Issue During Preceding 12 Months Date No. Copies of Single Issue Nearest to Filing (Sept./Oct. 2017) Total Number of Copies 13,191 13,792 Paid and/or Requested Circulation 0 0 Paid/Requested Outside-County Mail Subscriptions 11,923 12,230 Paid In-County Subscriptions 0 0 Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution 0 0 Total Paid and/or Requested Circulation 11,950 12,250 Free Distribution by Mail 0 0 Outside County 298 304 In-County 0 0 Other Classes Mailed Through the USPS 27 20 Free Distribution Outside the Mail 817 1,168 Total Free Distribution 1,115 1,472 Total Distribution 13,065 13,722 Copies not Distributed 126 70 Total 13,191 13,792 Percent Paid and/or Requested Circulation 91.50% 89.30%