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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COMMERCIAL INVESTMENT REAL ESTATE 44 January | February 2018 DEAL M A K E R S THE BIGGEST DEAL Bill Adams, CCIM, of Adams Commercial Real Estate in Atlanta represented the City of Decatur Georgia in the $40 million purchase of the 77-acre United Methodist Children's Home campus in Tucker, Ga., from The United Methodist Children's Home. Multifamily 1 BIGDEAL Beau Beery, CCIM, of Coldwell Banker Commercial M.M. Parrish in Gainesville, Fla., negotiated the $24.5 mil- lion sale of the 324-unit Avenue 29 multifam- ily property located at 2915 Sharer Road in Tallahassee, Fla., from an undisclosed seller to an undisclosed buyer. 2 Mike Milovick, CCIM, of Royal LePage Grand Valley Realty in Kitchener, Ontario, negotiated the more than $8.5 million sale of the 55,440-sf multifamily property located at 367 Highland Road in Kitchener from PK Highland Investments to an undis- closed buyer. 3 Matson Holbrook, CCIM, of MBH Investment Real Estate LLC in Milwaukee represented Doneff Asset Company LLC in the more than $5.9 million sale of the 114-unit Sheboygan Regency House in Sheboygan, Wis., and Janesville Regency House in Janesville, Wis., to an undis- closed buyer. 4 Dan Stewart, CCIM, of SVN | Stewart Commercial group LLC in Ann Arbor, Mich., and a partner represented Tall Oaks One LLC in the $5.9 million purchase of a 28-unit student housing property in Ann Arbor from an undisclosed seller. 5 Davide R. Pio, CCIM, of BCRE in Pinole, Calif., represented an undisclosed buyer in the $5.8 million purchase of the 75-unit Ethan Way Apartments located at 1982 Ethan Way in Sacramento, Calif., from an undisclosed seller. 6 Edward Jordan, CCIM, of Northeast Private Client Group in Shelton, Conn., and a partner represented Affordable Realty One LLC in the $5.2 million sale of a 91-unit multifamily property in Ashford, Conn., to Naviah Investments LLC. Office 7 BIGDEAL John Stroich, CCIM, of Green Valley Management in Winnipeg, Manitoba, represented LS Properties in the $24 million purchase of four office buildings totaling 138,194-sf in Winnipeg from Inves- tors Real Property Fund. 8 Marcus Pitts, CCIM, and 9 Justin Lossner, CCIM, of JLL in Des Moines, Iowa, represented Federal Home Loan Bank of Iowa in the $20.5 million pur- chase of a 225,654-sf office space in Des Moines from an undisclosed seller. Pitts and Lossner also represented ARAG in the more than $7.3 million lease of a 41,241-sf office space in Des Moines from an undis - closed lessor. 10 Cathy Jones, CCIM, of Sun Com- mercial Real Estate in Las Vegas and four partners represented SKG Park at Spanish Ridge LLC in the $24.8 million sale of two office properties totaling 112,409-sf located at 8912 and 8918 Spanish Ridge Ave. in Las Vegas to undisclosed buyers. 11 Hillman Duncan, CCIM, of Cushman & Wakefield in Raleigh, N.C., and two partners represented Allegiancy in the $11.9 million 101-month lease of the 51,363-sf Colon- nade II office property located in Raleigh to A Wireless. 12 Andrew Cheney, CCIM, R. Craig Coppola, CCIM, and Gregg Kafka, CCIM, and a partner of Lee & Associates in Phoenix represented ViaWest Proper- ties NexTech Office LLC in the more than $9.3 million sale of the 49,464-sf Connexion office property in Tempe, Ariz., to Biddulph- Peoria LLC. Cheney, Coppola, Kafka, and two partners also represented Phoenix RS One LLC in the more than $3.6 million lease of the 19,843-sf Renaissance Square office property in Phoenix to Brown & Caldwell. 13 Soozi Jones Walker, CCIM, and 14 Bobbi Miracle, CCIM, of Commercial Executives Real Estate Services repre- sented Cardinal Paint & Powder LLC in the more than $7.4 million purchase of a 105,826-sf office space in North Las Vegas, Nev., from Paskin Properties LLC. 2 1 4 3 7 5 6 8 11 9 13 14 12 10

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