DEAL MAKERS: Winter 2024

THE BIGGEST DEAL

Nishitha Kambhaladinne, CCIM, represented the buyer in a $20 million transaction of a Holiday Inn Express in Sunset Park, Brooklyn, NY. 

For Nishitha, closing her first major commercial real estate deal was a significant milestone in her career. It also marked the buyer’s first purchase in the New York market, adding to their portfolio of properties in New Jersey and Pennsylvania and establishing the start of what Nishitha hopes will be a strong, ongoing relationship.

The deal came with its share of challenges. Initially, the seller chose a private equity firm over Nishitha’s client, but when that deal fell through, her persistence paid off. She maintained communication with the seller, which eventually reopened negotiations.
Nishitha credits The CCIM Institute for its role in the transaction. She discovered the property on CCIM Connect and leveraged the community’s resources to move the deal forward. “Real estate can feel isolating, especially in a competitive market like New York, but The CCIM Institute provides a network to find opportunities,” she shared.

As she reflects on this achievement, Nishitha is also looking ahead. She’s passionate about helping others get started in commercial real estate, particularly those who feel it’s out of reach. With plans to educate new investors and expand her network, Nishitha sees this deal as an important step in her CRE journey. 

OFFICE

Landon Williams, SIOR, CCIM, of Cushman & Wakefield Commercial Advisors in Memphis, TN, represented the seller, Union Office Center, LLC, in a $6.7 million transaction of 119,213-sf office property in Memphis, TN.

Sandy Shindleman, CCIM, of Shindico in Winnipeg, MB, represented the seller, Manitoba Liquor & Lotteries, in a $4.8 million (CAN) transaction of 830 Empress Street, a 20,175-sf office property in Winnipeg, MB.

INDUSTRIAL

Matt Bogue, CCIM; Paul Kenny, CCIM; and Matt Gelso, CCIM, of Paul Kenny & Matt Bogue Commercial Real Estate in Hailey, ID, represented the seller in a $7.2 million transaction of a 4.2 acre industrial property in Hailey, ID.
 
Landon Williams, SIOR, CCIM, of Cushman & Wakefield Commercial Advisors in Memphis, TN, represented the seller, Natureplex Properties, LLC, in a $7 million transaction of industrial property in Olive Branch, MS.
 
Carl D. Kuhn, CCIM, of Jack White Commercial in Anchorage, AK, represented the buyer in an $4.95 million transaction of a 8,896-sf industrial property in Wasilla, AK.

J. Jeffrey Castell, SIOR, CCIM, of Cushman & Wakefield in Indianapolis, IN, represented the tenant, Plymouth Industrial REIT Inc., in a $4.3 million transaction of Park 350, a 147,310-sf industrial property in Lafayette, IN. 

Carl D. Kuhn, CCIM, of Jack White Commercial in Anchorage, AK, represented the seller in a $3 million transaction of a 34,094-sf industrial property in Anchorage, AK.

MEDICAL

Daniel Weingarten, CCIM, of Realty Trust Group in Atlanta, GA, represented the tenant in a $5.3 million transaction of 4025 Johns Creek Parkway, 45,000-sf medical office property in Suwannee, GA.

SPECIALTY

James Milner, CCIM, of Appalachian Commercial Real Estate in Boone, NC, represented the seller, US Hwy 421 S, LLC, in a $3 million transaction of 15.5 acres of land property in Boone, NC.

Patrick Murray, CCIM, SIOR, of Grant-Murray Real Estate in Fayetteville NC, represented the seller, Fayetteville Woman's Care, in a $3.25 million transaction of a 11,939-sf medical office building in Fayetteville, NC.

Mike Salik, CCIM, of Matthews Real Estate Investment Services in Jacksonville, FL, represented the landlord in a $5.9 million transaction of an Amazon 59,669-sf heavy industrial property in Panama City, FL.

RETAIL

Robert Hand, CCIM, of Louisiana Commercial Realty in New Orleans, LA, represented the Buyer, Rouses Market, and seller, Bill Johnson, in a $3.3 million transaction for River Ridge Shopping Center, a 58,000-sf, 4.5-acre retail property in Picayune, MS.

Ron E. Cruz, CCIM, of The Econic Company in Campbell, CA, represented the seller, in a $4.5 million transaction of 321 N. California Ave., a 47,750-sf retail property in Palo Alto, CA.

Carl D. Kuhn, CCIM, of Jack White Commercial in Anchorage, AK, represented the buyer in a $3.1 million transaction of a 9,000-sf retail property in Anchorage, AK.

MULTIFAMILY

Greg Brownd, CCIM, of KW Commercial in Lubbock, TX, represented the buyer and seller in a $3+ million transaction for Western Oaks & Omni, a 171-unit multifamily property in Lubbock, TX.

Joseph Burrough, CCIM, of Palma Commercial in San Diego, CA, represented the buyer and seller in a $23.6 million transaction for a 44-unit multifamily property in San Diego, CA.