The Biggest Deal
Andrew Cheney, CCIM (left), R. Craig Coppola, CCIM (middle), and Gregg Kafka, CCIM (right), of Lee & Associates in Scottsdale, Ariz., represented MS MCC Highland LLC in the $66.5 million sale of the 336,421-sf Camelback Commons office property in Phoenix to Regent Properties, North Medical Building Corp., and EMCD Properties LLC.
Office
Neil Merin, CCIM, of NAI/Merin Hunter Codman in West Palm Beach, Fla., and two partners represented Fountain Square Owner LLC in the $54.5 million sale of the 241,000-sf Fountain Square office complex in Boca Raton, Fla., to Bridge Investment Group. Merin also represented GSH Holly LLC in the more than $7.6 million sale of the 66,000-sf Port Center office property in West Palm Beach to Port Center LLC.
Jordan Rieffenberger, CCIM, of Lloyd Companies in Sioux Falls, S.D., represented Mid-Cayman LLC in the more than $19.4 million sale of the 105,837-sf Mid-Cayman Office Building in Sioux Falls to an undisclosed buyer.
Cathy Jones, CCIM, of Sun Commercial Real Estate in Las Vegas and four partners represented Red Rocks LLC in the $17 million sale of a 74,010-sf office property in Las Vegas to Noval Limited Partnership.
Ian Black, CCIM, and Steve Horn, CCIM, and two partners of Ian Black Real Estate in Sarasota, Fla., represented the Ibis Group in the more than $15.9 million sale of a 70,304-sf office property located in Sarasota to Sarasota County.
T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles and two partners negotiated the $7 million sale of a 12,336-sf office building located at 2435 Military Ave. in West Los Angeles from an undisclosed seller to an undisclosed buyer.
Russell Noll, CCIM, of Transwestern in San Antonio represented Palio Investments LLC in the more than $4.2 million sale of the 20,000-sf Garden Oaks office property located in Boerne, Texas, to Investment Property Exchange Services represented by Steve Monroe, CCIM, of Oldham Goodwin Group LLC in San Antonio.
Land
Williams Rollins, CCIM, of Land Solutions in Fort Myers, Fla., and two partners represented Investors Warranty of America LLC in the more than $42.4 million sale of the more than 4,000-acre Edison Farms to Lee County. Rollins and two partners also negotiated the $14 million sale of 657 residential lots in Fort Myers from Brookwood Calusa Creek LLC, Brookwood River Club 1 LLC, Brookwood River Club II LLC, and Brookwood Groves LLC to D.R. Horton.
Russell Noll, CCIM, of Transwestern in San Antonio represented San Antonio Independent School District in the more than $17.7 million sale of 13.63 acres of land located in San Antonio to Graystreet Partners.
Andrew Cheney, CCIM, R. Craig Coppola, CCIM, and Gregg Kafka, CCIM, of Lee & Associates in Scottsdale, Ariz., represented Ryan Companies US in the more than $9.9 million sale of the 28,800-sf Desert Ridge IV Land in Phoenix to Banner Medical Group. Cheney, Coppola, and Kafka also represented Plaza II Limited Partnership in the $8.5 million lease of the 574,083-sf Freedom Plaza in Peoria, Ariz., to Peoria 40 LLC.
Multifamily
Beau Beery, CCIM, of Coldwell Banker Commercial MM Parrish Realtors in Gainesville, Fla., negotiated the more than $13.2 million sale of the 316-unit Addison Lane Apartments from Addison Lane LLC to Florida Homes 7 LLC.
Ryan Johnson, CCIM, of Johnson Group in Reno, Nev., and a partner negotiated the $10 million sale of the 128-unit North Virginian Apartments from Saltern Investments to Martinique Holdings LLC.
Harlan Reichle, CCIM, and two partners of Reichle | Klein Group in Toledo, Ohio, represented North Towne Villas LLC in the $6.3 million sale of the 145-unit North Towne Villas in Toledo to North Towne Toledo LLC.
Reid Bennett, CCIM, of SVN | Chicago Commercial in Chicago and a partner represented an undisclosed seller in the $5 million sale of the 108-unit Hillcrest Apartments located at 3290 Hillcrest Road in Dubuque, Iowa, to Millennia Housing.
Bob Fredrickson, CCIM, of Coldwell Banker Danforth in Federal Way, Wash., and a partner represented Housemartin Properties LLC in the $3.8 million sale of a 13-unit apartment complex located in Seattle to Gupta-Iwasaki First Holdings LLC.
Specialty
Jeff Gorden, CCIM, of Eagle Commercial Realty Services in Phoenix represented an undisclosed seller in the $17.5 million sale of the 4.6-acre Eagle Canyon Self-Storage located at 3050 W. Camelback Road to an undisclosed buyer. Gorden also represented an undisclosed seller in the more than $3.8 million sale of the 2.26-acre Encanto & 83rd Self-Storage located at 8225 W Encanto Blvd. in Phoenix to an undisclosed buyer.
Retail
T.C. Macker, CCIM, of Coldwell Banker Commercial WESTMAC in Los Angeles and a partner negotiated the more than $12.3 million sale of the 13,752-sf retail center located at 2822-2840 Santa Monica Blvd. in Santa Monica from a family trust to an undisclosed buyer.
Ian Grusd, CCIM, of Ten-X in New York City represented Shoppes of Mansfield LLC in the more than $7.7 million sale of a 28,020-sf retail property in Hackettstown, N.J., to an undisclosed buyer.
David J. Stevens, CCIM, and Clint L. Sherwood, CCIM, of Investment Properties Corporation in Naples, Fla., negotiated the $7.3 million sale of an 8,616-sf retail property located in Naples from Pettit Square Partners LLC to Pettit Square Holdings LLC.
Peter Cotsirilos, CCIM, and two partners of KW Commercial Alpha Team in Chicago represented Capital Real Estate Advisors in the $6.8 million sale of the 95,000-sf Springhill Marketplace retail property in Carpentersville, Ill., to an undisclosed buyer.
Jan Berg, CCIM, of CBRE | Hubbell Commercial in Des Moines, Iowa, represented KDC Investments LLC in two $4.7 million 20-year leases of the 6,217-sf Kum & Go Convenience Store in Ozark, Mo., and the 6,794-sf Kum & Go Convenience Store in Williamsburg, Iowa, from Kum & Go Convenience Stores.
Sandy Shindleman, CCIM, of Shindico Realty in Winnipeg, Manitoba, represented Dufresne Furniture in the more than $4 million lease of the 23,013-sf retail property in Saskatoon, Saskatchewan, from an undisclosed lessor. Shindleman also represented Ashley HomeStore in the more than $3.7 million lease of the 21,454-sf retail property in Scarborough, Ontario, from an undisclosed lessor.
Hospitality
Brian Resendez, CCIM, of SVN | Bluestone & Hockley in Portland, Ore., and a partner negotiated the $10 million sale of the 69-unit Marin Inn & Suites located at 250 Entrada Dr. in Novato, Calif., from an undisclosed seller to an undisclosed buyer. Resendez also represented an undisclosed buyer in the more than $4.8 million purchase of the 55-unit Days Inn & Suites Vancouver located at 9107 NE Vancouver Mall Dr. in Vancouver, Wash., from an undisclosed seller.
Brandt Niehaus, CCIM, of Huff, Niehaus, Associates in Louisville, Ky., represented GDR Hospitality La Porte LLC in the $4.5 million sale of the 142-unit Best Western Plus La Porte Hotel & Conference Center in La Porte, Ind., to BRK Colorado. Niehaus also represented Unique Hospitality LLC in the $3.9 million purchase of the 83-unit Microtel Inn & Suites Florence/ Cincinnati Airport in Florence, Ky., from Florence Host LLC.
Finance
Brad Cox, CCIM, of Thomas D. Wood & Company in Sarasota, Fla., arranged a $6.2 million financing package for the 326,286-sf Mannington Mills Distribution Warehouse in Covington, Ga., from Ameritas Life.
Shahid K. Abdulla, CCIM, of Plains Capital Bank in San Antonio arranged $3.3 million in financing for a 15,000-sf office building in San Antonio for a Texas-based LLC.
Industrial
Daniel Berger, CCIM, of US Commercial Realty in Lancaster, Pa., represented an undisclosed buyer in the $6 million purchase of the 121,400-sf industrial property located at 400 Centerpoint Blvd. in New Castle, Del., from an undisclosed seller.
Dan Smith, CCIM, of 919 Commercial LLC in Durham, N.C., represented an undisclosed buyer in the $5.3 million purchase of a 105,000-sf industrial property located at 1021 Morrisville Pkwy. in Morrisville, N.C., from Veritiv Corp.
Marshall Burke, CCIM, of Colliers International in Richmond, Va., represented I.B.P. LLC in the more than $4.8 million sale of the 63,977-sf Interstate Business Park in Richmond, Va., to Fernau LeBlanc Investment Partners LLC.
CCIM ROI
From CI 101 classmates to longtime friends, Nick Miner, CCIM, (right) of ORION Investment Real Estate in Tempe, Ariz., and Sean Bishop, CCIM, (left) of Lee & Associates in Phoenix originally met in 1999 at the CI 101 Financial Analysis course in Scottsdale, Ariz. Through that initial meeting, they formed a professional bond that turned into a friendship. Bishop even served as Miner’s best man at his wedding.
Through the years, the two friends have completed countless commercial real estate deals together. Most recently, Miner and a partner represented Gilbert Fiesta II Lots 2 & 3 LLC in the $3.5 million sale of the 21,900-sf Gilbert Fiesta Shops in Gilbert, Ariz., to Grover Arizona LLC, represented by Bishop.
“CCIM education gives you that level of trust with other designees,” Bishop says. “You don’t have to put on a front trying to figure out what the other side is thinking. Instead, you have two professionals that are just trying to get the job done for their clients.”
CCIM education and designation is the bedrock for maintaining Miner and Bishop’s working and personal relationship, as demonstrated through the deals these two designees have completed together.
“Having CCIM behind your name shows that you took the time to become educated and experienced,” Miner says. “It gives you the credibility to compete against people that may not be CCIM designees, but have been in the business a longer time than yourself.”
With more deals in the works, Miner and Bishop both look forward to many more years of doing deals together.