FINANCING
BIG DEAL : Jason Reddington , CCIM , and two colleagues with LevRose Commercial Real Estate represented an undisclosed seller in a $ 7.5 million financed transaction for a 45,531-sf office property in Scottsdale , Ariz ., to an undisclosed buyer .
MULTIFAMILY
BIG DEAL : Marcus Pitts , CCIM , Justin Lossner , CCIM , and Michael Minard , CCIM , with JLL represented an undisclosed seller in the $ 28.6 million sale of a 261-unit multifamily property in West Des Moines , Iowa , to an undisclosed buyer .
Steve Dorenbush , CCIM , and a colleague with KW Commercial in Puyallup , Wash ., represented both parties in the $ 10.5 million sale of a 91-unit multifamily property in Lakewood , Wash ., from Twin Emeralds LLC to Oak Terrace SS LLC .
Devin Lee , CCIM , and three colleagues with Northcap Commercial represented Kangsok Kim in the $ 6.25 million sale of Desert Shores Villas Condos , a 50-unit multifamily property in Las Vegas , to an undisclosed buyer .
LAND
BIG DEAL : David Bode , CCIM , with Rock Commercial Real Estate represented both parties in Briarwood Golf Club ’ s sale of 99.9 acres of land in York , Pa ., to North- Point Development for $ 9.95 million . Heather Kreiger , CCIM , also represented Briarwood GC , while Kevin Hodge , CCIM , represented NorthPoint Development .
Peter Ciriello , CCIM , with LA Commercial in Santa Monica , Calif ., represented an undisclosed buyer in the $ 4.6 million acquisition of 0.7 acres of land in Chatsworth , Calif ., from an undisclosed seller intended for affordable housing .
John Edwards , CCIM , with Carolina Apartments Advisors in Myrtle Beach , S . C ., represented an undisclosed buyer in the $ 3.3 million purchase of 17.19 acres of land zoned for multifamily development in Kannapolis , N . C ., from an undisclosed seller .
Brian Elrod , CCIM , and Daniel Bennett , CCIM , with NAI Elrod Group in Watkinsville , Ga ., represented an undisclosed seller in the more than $ 4.49 million sale of 272.24 acres of land in Social Circle , Ga .
Richard Gonzalez , CCIM , ALC , with National Land Realty in Tavares , Fla ., represented an undisclosed foreign investor in the $ 8 million purchase of Drake ’ s Point , a 265-acre plot of land in Yalaha , Fla ., from a seller represented by Ben Crosby , CCIM , ALC , also with National Land Realty .
Jason Reddington , CCIM
Marcus Pitts , CCIM
Justin Lossner , CCIM
Michael Minard , CCIM
David Bode , CCIM
Heather Kreiger , CCIM
Kevin Hodge , CCIM
INDUSTRIAL
BIG DEAL : Brian Ahearn , CCIM , and a colleague with Butters Realty & Management in Coconut Creek , Fla ., represented an undisclosed lessee in a 10-year lease of an 85,000-sf industrial space in Miami for $ 18.5 million from Ivy Realty .
Brian Ahearn , CCIM , and two colleagues with Butters Realty & Management represented Cabot Properties in its more than $ 14.6 million sale of a 75,800-sf industrial property in Pompano Beach , Fla ., to an undisclosed buyer . Ahearn and a colleague also represented the Spice Lab in its 10-year lease of a 128,342-sf industrial property from Miami Industrial 2 LLC for more than $ 11.12 million .
Daniel Berger , CCIM , and Daniel Berger Jr ., CCIM , with U . S . Commercial Realty represented an undisclosed buyer in the more than $ 7.1 million purchase of a 92,941-sf industrial property in Lancaster , Pa .
David Bode , CCIM , with Rock Commercial Real Estate in York , Pa ., represented both parties in the $ 6.7 million sale of a 108,000-sf industrial property in Hanover , Pa ., from Barnhart Drive Associates LP to 29 Barnhart Drive LLC .
Mike Migone , CCIM , with SVN Commercial Advisory Group in Sarasota , Fla ., represented HPI Self Storage in its $ 6.5 million purchase of a 73,677- sf industrial property in Clearwater , Fla ., from HB Sealing Products Inc .
Marcus Pitts , CCIM , and Justin Lossner , CCIM , with JLL represented an undisclosed buyer in the $ 9.8 million purchase of a 200,000-sf industrial property in Ankeny , Iowa . The colleagues also represented an undisclosed lessee in the more than $ 5.13 million lease of a 276,000-sf industrial space . Pitts and Lossner also represented an undisclosed seller in the $ 3.99 million sale of a 42,620-sf industrial property in Des Moines , Iowa , and an undisclosed seller in the $ 3.9 million sale of a 195,000-sf property in Johnston , Iowa .
Robin Santiago , CCIM , with SVN Capital West Partners represented Thai Quach in the more than $ 5.35 million purchase of a 18,720-sf industrial property in San Jose , Calif ., from an undisclosed seller .
Tim Tran , CCIM , and a colleague with the Ivy Group in Fremont , Calif ., represented both parties in the more than $ 4.19 million sale of the Las Plumas Commerce Center , a 15,481-sf industrial property from Vanguard Holdings LLC to Westcoast Precision Inc .
46 COMMERCIAL INVESTMENT REAL ESTATE MAGAZINE
Brian Ahearn , CCIM
FALL 2021