CCIM Deal Makers

The Biggest Deal

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Anita Risberg, CCIM, with OmniVest LLC in Lake Oswego, Ore., represented an undisclosed buyer in the $35.75 million sale of a 181-unit multifamily property in Moses Lake, Wash., from an undisclosed seller. 

Multifamily

BIG DEAL Mike Bobick, CCIM, with Granite City Real Estate in St. Cloud, Minn., represented GCRE Mayhew LLC and GCRE Northview LLC in their $22.4 million purchase of two 70-unit multifamily properties in Sartell and Mayhew, Minn., from an undisclosed seller.

Justin Bishop, CCIM, with Pounders & Associates Inc., in Florence, Ala., represented Harvest Hills-Breckenridge LLC in its more than $18 million purchase of a 162-unit multifamily portfolio in Muscle Shoals and Tuscumbia, Ala., from an undisclosed seller.

Thomas McConnell, CCIM, and two colleagues with Redwood Realty Advisors in Elmsford, N.Y., represented both sides in Joseph Lagana’s $10.15 million sale of the Adare and Glenmare Apartments, a 35-unit multifamily property in Nyack, N.Y

Office

BIG DEAL Barb Johnson, CCIM, with CBRE in Salt Lake City represented the undisclosed lessee in a 15-year, more than $19.9 million lease of a 53,543-sf office property in West Valley, Utah, from an undisclosed lessor.

Greg Bedell, CCIM, with Progressive Real Estate Partners in Rancho Cucamonga, Calif., represented both undisclosed parties in the $5.56 million sale of a 39,796-sf office property in Hemet, Calif.

Dominic Brunetti, CCIM, and a colleague with Dickson Commercial Group represented 14 Orchard Properties LLC in its more than $4.47 million purchase of a 18,964-sf office property in Reno, Nev., from an undisclosed seller.

Stephen Jacquemin, CCIM, and an associate with SJ Financial Group represented an undisclosed buyer in the $4.4 million purchase of a 35,701-sf office property in St. Louis from an undisclosed seller.

Amy MacDougall, CCIM, and a colleague with Ian Black Real Estate represented Parcel 309 LLC in its $3.5 million sale of a 15,886-sf office property in Sarasota, Fla., to 3350 Assets LLC.

George McCutchen, CCIM, with Wilson Kibler in Greenville, S.C., represented Smoky Properties LLC in its $9 million purchase of a 55,640-sf office property in Columbia, S.C., from an undisclosed seller. Along with a partner, he also represented New South Properties of Clemson in the more than $4.53 million purchase of a 16,994-sf office space in Greenville. Wilson and a colleague also represented Helena-Agri Enterprises in its more than $3 million lease of a 16,002-sf office space in Columbia.

Cindy McDonnell Feinberg, CCIM, and two associates with Feinberg Real Estate Advisors in Allentown, Pa., represented Lehigh Valley Academy Regional Charter School in its $15.5 million purchase of a 210,000-sf office property in Bethlehem, Pa., from FLSMIDTH Inc. and Fuller Company.

Jorge Rodriguez, CCIM, and Ernest Brown IV, CCIM, with Rohde Ottmers Siegel represented an undisclosed seller in the $12.95 million sale of a six-property dental portfolio in San Antonio to an undisclosed buyer. 

George Renz, CCIM, with Renz & Renz in Gilroy, Calif., represented LaRue Holdings LLC in its more than $3.93 million purchase of a 10,801-sf office property in Aurora, Colo., from 14100 E. Exposition LLC.

Robin Santiago, CCIM, with SVN | Capital West Partners represented Val Monte Partners I LLC in its $8 million sale of a 16,592-sf office property in San Jose, Calif., to Berryessa Union School District.

Candy Yeung, CCIM, with RE/MAX Commercial represented the American Queen Steamboat Company in its more than $8.73 million 10-year lease of 23,019-sf office property in Fort Lauderdale, Fla., from Halcar Coastal LLC.

Mixed Use

BIG DEAL T.C. Macker,CCIM, and two colleagues with WESTMAC Commercial Brokerage Company represented both parties in the $8.5 million sale of a 15,645-sf mixed-use property in Los Angeles. Along with a colleague, he also represented the seller of a $4.1 million, 5,434-sf mixed-use property in Los Angeles.

Retail

BIG DEAL Tom Fennell, CCIM, and two colleagues with Dickson Commercial Group represented both parties in the $34 million sale of the South Meadows Promenade Shopping Center, a 10-acre, 80,000-sf retail property in Reno, Nev.

Phuong Chung, CCIM, and Jodie Huynh, CCIM, with LT Commercial Group represented an undisclosed buyer in the more than $3.77 million purchase of Brodie Square, a 9,780-sf retail space in Austin, Texas, from an undisclosed seller.

Kevin Jappaya, CCIM, and a colleague with KJ Commercial in Farmington, Mich., represented both parties in the $10.5 million sale of a 52,000-sf retail property in Dearborn, Mich.

T.C. Macker, CCIM, with WESTMAC Commercial Brokerage Company in Los Angeles represented both parties in Aldonard Properties’ $12.5 million sale of a 10,500-sf retail property in Santa Monica, Calif., to 700 Santa Monica Los Angeles LLC.

Hugo Overdeput, CCIM, with Colliers International represented Nettles Limited Partnership in its $4.75 million sale of Nettles Shoppes, a 28,000-sf retail property in Salem, N.H., to Augustin S. Ross.

Marcus Pitts, CCIM, Michael Minard, CCIM, and Justin Lossern, CCIM, with JLL in Des Moines, Iowa, represented an undisclosed buyer in the $3.5 purchase of a 22,870-sf retail property in Urbandale, Iowa.

George Renz, CCIM, with Renz & Renz in Gilroy, Calif., represented JRK & KSK 1992 Trust in its $6.4 million purchase of a retail 7-Eleven property in Murrells Inlet, S.C., from 14100 E. Exposition LLC.

Robin Santiago, CCIM, with SVN | Capital West Partners Ronald and Rory Janes in the more than $3.12 million sale of a 6,000-sf retail property in Pleasanton, Calif., to Prithipal Sethi and Simran Sethi.

Specialty

BIG DEAL Jeff Gordon, CCIM, with the Gorden Group in Tempe, Ariz., represented an undisclosed seller in the $10.5 million sale of a 4-acre specialty property in Flagstaff, Ariz., to an undisclosed buyer. He represented another undisclosed seller in the $7 million sale of a 9.49-acre specialty property in Fort Mohave, Ariz.

Jane Sauls, CCIM, with Sauls Storage Group in Carrollton, Ga., represented Stor-All Self Storage LLC in its more than $3.13 million sale of a 28,567-sf specialty property in Alachua, Fla., to an undisclosed buyer.

David Wood, CCIM, and a colleague represented both undisclosed parties in the $5.7 million sale of a 734-acre agricultural facility near Tillamook, Ore.

Industrial

BIG DEAL Marcus Pitts, CCIM, Michael Minard, CCIM, and Justin Lossern, CCIM, with JLL in Des Moines, Iowa, represented an undisclosed seller in the $20 million purchase of a 200,000-sf industrial property in Ankeny, Iowa. They also represented both parties in the more than $13.17 million sale of a 185,000-sf industrial property in Des Moines.
 

Dana Grau, CCIM, with Cushman & Wakefield in Pittsburgh represented an undisclosed seller in its $4 million sale of a 162,000-sd industrial property in Butler, Pa., to an undisclosed buyer.
 

Robin Santiago, CCIM, with SVN | Capital West Partners represented Pearl Tom in the more than $6.52 million sale of a 20,000-sf industrial property in San Jose, Calif., to Weizman Properties LLC.
 

Denny Sciscoe, CCIM, with Cushman & Wakefield in Omaha, Neb., represented an undisclosed seller in the $18 million sale of a 178,368-sf industrial property in LaVista, Neb., to STAG Industrial. He and Lindsay Banks, CCIM, also represented Jerry Banks in the more than $4 million sale of a 50,000-sf industrial property in Omaha. Sciscoe also represented Pete Simons in the more than $3.37 million sale of a 33,956-sf industrial asset in Omaha.

CCIM ROI

Jim Young, CCIM

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Do you want to know what’s in a name? For opportunity zones, the meaning is straightforward. The programs, established in 18 states in 2018, generally aim to encourage new investment in economically distressed communities through preferential tax treatment. With that in mind, the National Grocer Company building in San Antonio is an ideal candidate for revitalization through the OZ program. The 103-year-old brick building remained vacant for more than a decade, with cracked windows and unkempt brush adding to the overall gloom in the Cattleman Square area on San Antonio’s West Side. 

Earlier this year, Jim Young, CCIM, with Sabot Development in Lakeway, Texas, seized on the opportunity he saw in the property, acquiring it through the federal opportunity zone program. In addition to the three-story, 70,400-sf building, Sabot also purchased a vacant 3.3-acre lot that runs alongside nearby train tracks.

“The potential in this property is what drew me to it,” Young says. “We want to help revitalize the entire neighborhood, so this building could go a long way to doing that.”

Potential uses could include retail/restaurant space, including something like a brewery that utilizes the rooftop that includes beautiful views of the cityscape, or multifamily, with loft units or micro-units available for rent. The team at Sabot hopes to settle on a plan for the future in the next 90-120 days after consulting with the community and historical architects, with the ensuing redevelopment taking 18-24 months.

In securing the deal, Young also enjoyed the opportunity to work with a longtime colleague who began as something

of a mentor. Tom Mercer, with Granbury Realty in Granbury, Texas, represented the seller. The two actually met through The CCIM Institute when Young was on his way to earning the pin in 2014.

“Of course, it’s a huge help knowing you can trust the person you’re working with,” Young says. “Knowing Tom and the professionalism and knowledge he brings to the table, this deal was one I’ll always remember fondly.”

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The vacant property on San Antonio’s West Side will be a key piece of the neighborhood’s revitalization project, though developers have yet to identify which direction to go in terms of final use.

Submit your qualifying deals to CCIM Deal Makers at www.ccim.com/deal-makers.