Parsippany, NJ (November 15, 2005) — Coldwell Banker Commercial^®, one of the largest franchisers of commercial real estate brokerage firms, has announced the following affiliate transactions:

Arizona

Coldwell Banker Commercial NRT in Phoenix:

• John Brigham represented the buyers, Phoenix Greens LLC, in a 136-unit apartment complex sale. Sunland North LLC sold the complex to Phoenix Greens for $7.4M. The complex, with a square footage of 94,712, was 96% occupied at the time of the sale.
• Mary Lane and Glenn Azare represented both the buyers and sellers in a Tempe office transaction. Banfield Properties, Ltd, purchased the 22,845 square foot McClintock Medical/Dental Center from Boomer West, LLC, for $4.81M. The property was built in 1985 and renovated in 1999; it is 100% occupied by doctors, dentists and a dental laboratory. Five of the 12 tenants have been in the building for at least 8 years. The building was sold in response to an unsolicited offer from Banfield Properties, based in Eugene, OR.
• Don Shikles represented the buyer, Arizona Bridge to Independent Living, in a $3.6M purchase of 5.75 acres of land with an existing office building on 5025 East Washington Street in Arizona. 5025 East Washington Limited Partnership were the sellers.

California

Coldwell Banker Commercial Almar Real Estate Group, San Diego

• Ron Beck represented the seller in an apartment complex sale that was conducted for $84.5M. ITEC Properties sold the 331,576 square foot luxury apartment complex to VLM Associates LP, who plan on converting the 284-unit Villages of La Mesa, located at 5606-5672 Amaya Drive in LaMesa, into condominiums. The property includes an approved condominium map.
• Ron Beck, CCIM, and Tom Olson represented both the buyer and seller in the $42.9M sale of a 239,000 square foot mixed-use industrial, office and retail tenant park at the intersection of I-15 and Miramar Road called Mark II Business Park. The property encompasses 16 acres and is divided into 22 separate legal parcels with single-tenant, multitenant industrial buildings, office and retail buildings. The seller was a joint venture between Mark II Properties and Kearny Investors. 
• Adam Molnar and Tom Olson represented the seller, Florence Sadler, trustee of the Glenn F. Hare Family Trust, in a $12.95M industrial property transaction located in Carlsbad, CA. Rexford Industrial, which represented itself, purchased the two buildings on 6200 Yarron Drive and 6300 Yarron Drive, which have a total of 149,600 square feet.
• Adam Molnar and Joe Crotty represented both buyer and seller in a $13.4M transaction in Calsbad, CA. Loker Investment Partners, LP, sold a 123,000 square foot industrial property located at 2777 Loker Avenue to Blackbox Distribution, Inc. The purchase price was $13.4M. Blackbox Distribution Inc., is a computer hardware and software manufacturer and distributor, and plans on using the area for its corporate headquarters.
• Tom Olson represented Tri-City Ambulatory Surgical Center Investors in their sale of a 10,866 square foot medical/surgery center recently. The 18-year old building, located at 3903 Waring Road in Oceanside, was sold for $3.9M. 100% occupied by North Coast Surgery Center. The buyers, Pacific Property Group LLC/Lee Family Trust, were represented by Doug Ceresia of San Diego Commercial NAI.

Coldwell Banker Commercial Empire in Rancho Cucamonga represented the buyer of an industrial property located at 9272 Hyssop in Rancho Cucamonga. Daniel W. Richards handled the transaction for RC Ilyssop, LLC, which purchased the 50,000 square foot property for $3.6M from a private family trust that was represented by Jim Panting of Commercial Realty Advisors. The building, which was built 20 years ago, has four truck docks and freeway frontage/visibility. The buyer plans to divide the building, located at the corner of the 10 and 15 freeways, into four 12,500 square foot industrial condos with truck wells and retail freeway exposure.

Florida

• Coldwell Banker Commercial NRT in Maitland represented both buyer and seller in a $2M office transaction. Green Constitution, LLC bought a 9,315 square foot two story, professional office building in downtown Orlando from 701 South Investments, LLC.  The building, which is located in Thornton Park, was built in 1964 and sits on a .61 acre site. It has an elevator, tile roof and is made of brick/stucco construction. Jeff Bloom negotiated the transaction.
• Coldwell Banker Commercial NRT in Clearwater handled both sides of an industrial purchase in Largo. Ruth Whitney Duncan negotiated the $2M transaction. The building has which has 50,280 square feet, was sold to James W. Moyles, III.
• Coldwell Banker Commercial NRT in Boca Raton represented the buyer of an industrial property in Pompano Beach. Benjamin Katz handled the transaction for Zumro Manufacturing Inc., which paid $1,978,664 for the 38,458 square foot property to Liberty Prospect Trust.
• Robin Webb of Coldwell Banker Commercial NRT in Maitland represented the buyer and seller of a fully leased, 5,500 square foot concrete medical building in St. Petersburg. The building, strategically located between St. Anthony’s Hospital and Bayfront Medical Center on Arlington Avenue, was sold to Mastrangelo Realty Estate, LLC. Apryl Keenan sold the property, which was completely renovated in 2000, for $1.3M.
• Coldwell Banker Commercial Nicholson-Williams Realty in Jacksonville Beach represented the buyer in an office purchase recently. Winegate Insurance purchased the 3,700 square foot building from Thomas and Cynthia Kay for $1.125M.

Hawaii

Coldwell Banker Pacific Properties, Honolulu

• Bill Pratt and Alan Beal handled a $4,528,195 land sale located at Kukui Grove Village West. Pratt and Beal represented Grove Farm Land Corporation, which sold 4.5 acres of land to Servco Pacific Inc. An auto dealership/facility will be built on the property. The buyers were represented by Eric Yama of Kauai Realty, Inc.
• Rod Millerrepresented the Bank of Hawaii and Mary Tooley Kruse Co. Trustees in the sale of the Maile Apartments on Piikei Street in Hawaii. The 12 one-bedroom apartment complex sold for $2.1M, and was purchased by Irene Toma, who was represented by Ken Lee of Vineyard Investment Realty, LLC.

Illinois

• Coldwell Banker Commercial Heart of America Realtors in Bloomington represented the buyer in a $5.1M retail sale in Peoria. Greg Yount represented Dr. Steven Matter, who purchased the retail strip at 7700-7730 N. Grand Prairie, consisting of a Coldstone Nursery and Plato’s Closet, from Cullivan Properties. Tom Camper of Coldwell Banker Commercial Devonshire represented the seller.

Missouri

• Coldwell Banker Commercial CRA LLC in St. Louis represented the buyer of a 33,240 square foot industrial building located at 9170 Craigshire in St. Louis. Stephen Gwinnup, CCIM, and Bruce Brophy, CCIM, represented Scottrade, Inc., in their $2.3M purchase of the property from Essman Family Associates, L.P. The buyers were represented by Matt Hirsch, Barry Iken and Harris Frank of Solon Gerchman, Inc.
• Joel A. Klecka of Coldwell Banker Commercial NRT in La Grange, IL, represented both the buyer and seller of a block-long retail strip in downtown Elmhurst, IL. The buyer, Christopher Everett, intends to rehab the area with retail shops and restaurants on the main level while adding condominiums on the upper level. The property is at 187-195 N York Road in the downtown business district of Elmhurst, which is about 10 miles west of downtown Chicago. Joseph and Mimma Cannella sold the property to Everett for $2.1M.
• Coldwell Banker Commercial World Group sold the Mastercraft Furniture Property at 1111 North 13th Street in Omaha recently. Trenton G. Magid represented the landlord, Mastercraft Furniture Company, in the $1.13M sale. The property was sold via auction, with 10 registered bidders. Located in Omaha's "north downtown" area, the property served as a furniture plant from 1941 until 2002, when the business relocated to Council Bluffs, IA. The property sits in a redevelopment area where the city and business leaders plan to create a neighborhood of entertainment, residential and business uses. The buyer, R.L. Grinnell, Co., owns the adjacent building. The new owner plans a mixed-use project for light industrial, distribution and flex-space users. He also envisions artists' workshops to be included in the project.
• Coldwell Banker Commercial World Group conducted a retail transaction in Omaha, with Tom Fenton representing the seller, Kenneth Spaustat, who sold a 9,000 square foot retail property located at 12020 Emmet Street. Dingman Investments, LLC, purchased the property for $1.1M, and was represented by Boyd Dingman. The property was formerly known as Quality Auto Care, and will become Dingman's Collision Center, specializing in automotive body work.

New Jersey

• John Horan of Coldwell Banker Commercial Feist & Feist Realty in Cranbury represented the seller, Judith Quick, in a $1,319,900 land transaction. Quick sold the 6.7 acres of land to Shorewood Properties, which plans on building a warehouse on the property. The land is located at 13 Broadway Road in South Brunswick.

New York

Coldwell Banker Commercial Meridian in Buffalo:

• Eric C. Tudor represented the buyer in a $1.025M industrial property sale. The 13 acre, 270,000 square foot property located at 2000 Elmwood Avenue was on the market for about four years. Magnum New York LLC sold the property to J&J Trucking, Inc.
• Eric C. Tudor represented USF Holland in the sale of an 18,000 square foot 44 door truck terminal in Hamburg. The $1.225M industrial property was purchased directly by Estes Express.· Eric C. Tudor represented the Viking Industries, which sold a 75,000 square foot vacant industrial property to JDI, which will convert the property into a manufacturing facility with a warehouse and distribution center. JDI, which represented itself, sold the property for $1.2M.
• Eric Tudor represented Cherokee Investment Partners, LLC, in its sale of a 40,000 square foot industrial property featuring a warehouse and distribution facility, located at 5500 Roundtree Drive in Niagara Falls. New Path International purchased the property for $1.225M; they were represented by Joe Deck of Realty USA. The 10 acre property was on the market for two years.

North Carolina

• Ellen K. Moore of Coldwell Banker Commercial Triad, Realtors, in Winston Salem represented the buyer in the purchase of a medical office located on Charlois Boulevard in Winston Salem. Valaoras and Lens Holdings, LLC, purchased the 10,800 square foot building for $1.175M from Statford Executive Associates, LLC. The sellers were represented by Bobby Finch of Triad Commercial Properties. The property is located in an established office park very close to a large public hospital. It is a rare, free-standing building with modern updates in 1999, including an elevator. The new medical group will make architectural changes to the façade and refit the interior to suit their OB/GYN practice. The deal was accomplished through a buy and lease back arrangement, which allowed two private medical practices to grow their presence in the community.

Washington

Coldwell Banker Commercial Bob Bernhardt Associates, Vancouver

• Michael A. Jenkins and Derek Federinko represented the seller in a 1.5 acre land transaction in Houston, TX. Excel Commercial Real Estate, LLC, sold the land for $3,454,500 to FYI Group. A Wachovia Bank will be built on the parcel.
• Michael Jenkins, Bob Bernhardt, and Becky Potter represented Robinwood Investments, who sold an office/retail property in Vancouver, to Meadowland Properties, Inc., for $1.4M. Michael A. Jenkins and Derek Federinko of CBC Bob Bernhardt represented Meadowlands. The tenants located at 9317 NE Highway 99 in Vancouver include Cornerstone Appraisal, Enterprise Rent-A-Car, Academy of Ballet Arts, Carlson Sales, Nationwide Insurance, and Silver Creek Construction.
• Bob Bernhardt and Gordon Lewis represented the seller, MJB & G, LLC, of land located at 13019 NE Fourth Plain Boulevard in Vancouver, WA. Gordon Lewis  represented the buyer, Yang Properties of Washington, LLC, which purchased the land for $1.5M.

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