Commercial Investment Real Estate

JAN-FEB 2018

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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8 COMMERCIAL INVESTMENT REAL ESTATE 46 January | February 2018 DEAL M A K E R S 15 Todd LaPlante, CCIM, of CBRE in El Segundo, Calif., represented Paub Enter- prise LLC in the $3.4 million sale of a 19,220-sf office building located at 8700 Warner Ave. in Fountain Valley, Calif., to an undisclosed buyer. Specialty 16 BIGDEAL Bill Barnhill, CCIM, and a partner of Omega Properties in Mobile, Ala., represented Smart Stop Asset Manage- ment in the more than $21.7 million sale of the combined 158,238 sf of a two-property self-storage portfolio in Montgomery, Ala., to Metro Storage LLC. 17 Ron Welebny, CCIM, and a partner of Commercial Realty Associates of South- west Florida in Cape Coral, Fla., repre- sented Extra Closet Acquisition in the more than $3.2 million sale of the 1,200-unit Extra Closet Self Storage in Fort Myers, Fla., to Extra Closet Fort Myers LLC. Finance 18 BIGDEAL Yakhin B. Israel, CCIM, of Twin Pillar Capital in Tampa, Fla., arranged the more than $13.6 million financing of the 334,291-sf office property located in Atlanta for an undisclosed borrower. Land 19 BIGDEAL David J. Stevens, CCIM, and 20 Rob Carroll, CCIM, of Investment Properties Corporation in Naples, Fla., negotiated the $8.8 million sale of 1.63 acres of commercial property in Naples from The George LLC to TBC 936 5th Avenue LLC. Stevens and Carroll also represented TBC Tree Farm 1 LLC in the more than $7.3 mil- lion sale of a 14-acre commercial land prop- erty in Naples from Tree Farm of Southwest Florida LLC. 21 Jan Berg, CCIM, and a partner of CBRE | Hubbell Commercial in Des Moines, Iowa, represented IMT Group in the more than $5.6 million purchase of 16.07 acres of land in West Des Moines from Hurd Real Estate. 22 Danny Nguyen, CCIM, of DN Com- mercial in Houston represented a group of private sellers in the $4.6 million sale of 15 acres of commercial land located at 0 FM 1092 Road in Missouri City, Texas, to an undisclosed buyer. Industrial 23 BIGDEAL Cathy Jones, CCIM, and four partners of Sun Commercial Real Estate in Las Vegas, represented JRTL LTD in the $8.2 million sale of 87,513 sf of indus- trial properties located at 3101 E. Craig Road and 4380 Donovan Way in North Las Vegas, Nev., to an undisclosed buyer. 24 Stephanie Sanker, CCIM, of S.L. Nusbaum Realty Co. in Norfolk, Va., repre- sented 6969 Tidewater LLC in the $5 million purchase of a 167,000-sf industrial property in Norfolk from 6969 TWD LLC. 25 Steve Seidl, CCIM, of Seidl & Asso- ciates in Green Bay, Wis., represented RA Burton Properties LLC in the $3 million sale of the 88,500-sf Ameridrives located at 1680 Cornell Rd. in Green Bay to an undis- closed buyer. Mixed-Use 26 BIGDEAL David J. Stevens, CCIM, and 27 Rob Carroll, CCIM, of Investment Properties Corporation in Naples, Fla., represented TBC Dockside LLC in the $6.5 million purchase of an 80,000-sf mixed-use commercial property in Naples from Dock- side LLC and Dockside 590 LLC. Hospitality 28 BIGDEAL Daren Hebold, CCIM of LUX Realty in Portland, Maine, represented Shamrock Enterprises of LBI LLC in the $12.5 million sale of the 100-unit Drifting Sands Oceanfront Motel in Ship Bottom, N.J., to LBI Gateway Hotel LLC. 29 Brian Resendez, CCIM, of SVN | Bluestone & Hockley in Portland, Ore., negotiated the $6.2 million sale of the 57-unit Quality Inn Lincoln City located in Lincoln City, Ore., and the 54-unit Clarion Surfrider Resort located in Depoe Bay, Ore., from Lincoln City Hospitality LLC and R & B to Living Waters Inn, LLC and Depoe Bay Hospitality LLC. Resendez also nego- tiated the $3 million sale of the 52-unit America's Best Value hotel in St. Helens, Ore., from Mahant Investment to Village Motel & Restaurant. Retail 30 BIGDEAL Bruce S. Preble, CCIM, of Commercial Realty Specialists LLC in Cape Coral, Fla., represented Super 5 LLC and Engle & Hobson LLC in the $5.5 million sale of the 29,340-sf fitness center in Cape Coral to North Cape Landing LLC. 16 15 18 17 21 19 20 22 24 27 25 26 23 28

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