Parsippany,
NJ (June 20, 2006) — Coldwell Banker Commercial Affiliates, Inc., one
of the leading franchisers of commercial real estate brokerage firms,
has announced the following affiliate transactions:
Arizona
Coldwell Banker Commercial NRT in Phoenix:
John Brigham represented the sellers, Cornell and Donna Avram, in
their sale of Paradise Gardens, a multifamily property located on West
Elm Street in Phoenix. It is on a 1.23 acre lot with 25,414 square feet
of rentable space. The Avrams sold the property for $2,040,000 to
Guyran & Marbee Amirgham, who were represented by Chris Vodegal of
Keller Williams. The 24 unit one and two-bedroom apartment community
was built in 1964 and features a large courtyard, swimming pool, and
block construction. It is within close proximity to I-17.
Coldwell Banker Commercial NRT represented both buyer and seller in
an industrial transaction in Phoenix. Kent Greenwald
brokered the sale for Brundage Mini Storage, LTD, which sold
an industrial property for $1.4M to Christopher Borchard, who was
represented by Dave Dixon and Pete Rich. The storage property, located
at 3055 North 30th Avenue in Phoenix, features 285 units, has 43,425
square feet, and is made of concrete block.
Dave Dixon and Pete Rich represented both the buyer and seller of an
industrial, single-tenant property on South Cottonwood in Tempe. Easter
Seals of Arizona, Inc., sold the 6,395 square foot property to KPW
Properties Inc. for $1.25M. The high-end office buildout is ready for
move in and is located just south of Broadway and East of Loop 101.
California
Coldwell Banker Commercial G. R. Realty in Grass Valley handled both
parties in a retail sale in Grass Valley. Ricki Heck represented
Northern CA Laborers Pension Trust, which sold a retail/office property
that combined three buildings (retail on the ground floor, office
upstairs) consisting of 38,690 square feet to The Svend Hansen Trust.
The transaction was worth $4.595M.
Coldwell Banker Commercial Foothill Properties in Calimesa
represented the buyer, Loma Linda University Medical Center, in its
purchase of land located on Orange Ave in Redlands. Melodie Z. Scott
sold the land to the Center for $2.5M. The Center was represented by
Lon Mapes of Coldwell Banker Commercial Foothill Properties.
Two Coldwell Banker Commercial firms handled an industrial
transaction in Vernon recently. Christopher J. Telles of Coldwell
Banker Commercial Metropolis Real Estate represented the seller, Morley
Kirk Trust, in its sale of a free standing industrial distribution
building featuring 12,100 square feet on 43,995 square feet of land.
The building was sold for $1.53M to H. K. International Enterprises,
LLC, who were represented by Andy D. Huynh of Coldwell Banker
Commercial George Realty.
Coldwell Banker Commercial C&C Properties in Redding handled the
sale of land on Tarmac Road in Redding. Ken Miller represented the
seller, GLC/LP Shasta View, LLC, which sold the land to the State
Compensation Insurance Fund for $1.4M. Brad Chelf and Randall Yelverton
of CB Richard Wellis and Headrick & Company represented the buyer,
which plans on constructing an 80,000 square foot headquarters facility
to serve the Northern California region.
Florida
Dean Saunders and Bill Merckel of Coldwell Banker Commercial
Saunders Real Estate in Lakeland represented both sides in a 1,600 acre
land transaction. The land, which was sold by the Partin Family
Partnership for $25.5M, is located in Osceola County in Kissimmee. It
f$25.5M, and will be used for a residential development. Dean Saunders
of Coldwell Banker Commercial Saunders Real Estate in Lakeland
represented the seller in a $2.65M industrial transaction. James Shinn
sold 20 acres of vacant land on Township 28, Range 27E in Lake Alfred
to Lake Marie, LLC, which was represented by Larry D. Silver of Silver
Florida Properties.
Coldwell Banker Commercial NRT in Maitland:
- Jeff Tanner and Jeff Bloom represented the buyer, Chef Concepts of
Orlando, Ltd., in its purchase of a restaurant and cocktail lounge on
Central Boulevard in Orlando. The buyers purchased the 14,914 square
foot establishment for $3,105,130 from Post Apartment Homes, LP. Scott
Cohen of Colliers Arnold represented the seller. There has been a
restaurant in the space since the 1930s, when the building was the
Cherry Plaza Hotel. No further plans have been announced.
- Jeff Tanner represented Winghouse of Lakeland, LLC, in its purchase
of a former Chili’s restaurant located adjacent to the Alamo Plaza
Shopping Center on S. Florida Ave in Lakeland. GE Capital Franchise
Corporation sold the 4,175 square foot restaurant for $1M to Winghouse
of Lakeland, LLC. The location will be a Winghouse Bar and Grill, a
national chain restaurant. Improvements to the restaurant include a 674
square foot deck, repainting the building, and relocating 244 square
feet of landscaping and the handicapped parking.
- Cory Kroeger and Craig Duke represented the seller, Charles J.
Frazee, in the sale of a 42,000 square foot industrial warehouse
building on a 3.56 acre site that sold for $2.4M to Belbury Investment
LLC. The buyer was represented by Heron Realty. Located in the Regency
Industrial Park on Central Florida Parkway in Orlando, it convenient to
Interstate 4 and the Greenway, and the Bee Line. The building was
constructed in 1975 and has ample truck court and parking, concrete to
8’ and metal construction. The rear acre is approved for a
10,000-12,000 square foot addition.
Coldwell Banker Commercial NRT in Clearwater handed both parties in
the sale of an industrial single tenant building on Starkey Road in
Largo. Rudi Properties sold the building to Starkey Road Investment #1,
LLC, for $1.115M. Bette F. Hayes and Bruce B. Veghte represented the
buyer and seller.Michael E. Dreyer of Coldwell Banker Commercial Sun
Land Realty of Florida, Inc., represented the seller of 18.47 acres of
land on Sarno Road in Melbourne. Dictaphone Corporation sold the land
for $2.625M to Eau Gallie Point LLC, which was self-represented. The
buyer has not decided on plans for the land yet.
Illinois
Coldwell Banker Commercial Primus Realty in Oswego handled the sale
of land on SEC Eldamain Road and US Route 34 in Yorkville. Jim Reinert,
CCIM and Jim Finnegan, CCIM, represented the sellers, Old Second
National Bank Trust, of the 871,200 square foot property; Main Street
Commercial LLC purchased the land for $5M. The buyers were represented
by Tim Tynan of Re/Max, and they plan on developing a retail center
named Cobblestone South on the property.
Indiana
Andrew Gutwein of Coldwell Banker Commercial Realty Services in
Lafayette represented both buyer and seller of 103 acres of land. The
Sisters of St. Francis purchased 102 acres of land on S. Creasy Lane in
Lafayette for $4.29M from Hatke. A new medical facility will be
constructed on the property.
Nevada
Coldwell Banker Commercial ETN Real Estate Services:
- Coldwell Banker Commercial ETN Real Estate Services in Las Vegas
represented the seller, Horizon Crossings, LLC, in its sale of land
adjacent to the U.S. Post Office on Horizon Ridge East of Amador in
Henerson. Wayne Sant purchased the 3.36 acres for $2.5M; Sant was
represented by Charles Creigh of New Market Commercial Real Estate
Advisors. A city park is planned.
- Sandra Naseef and Ed Bassford of Coldwell Banker Commercial
ETN handled the sale South Pointe Plaza, a retail property located on
S. Coronado Center Drive in Las Vegas. Indigo Joe’s purchased the 5,000
square foot property for $1,355,088 from the Donald J. Nicoli Rev.
Living Trust.
Coldwell Banker Commercial Premier Brokers in Carson City
represented both buyer and seller of a rare, two acre parcel in the
middle of Carson, consisting of seven industrial units in two buildings
on E. Fifth Street. Jerry and Cheryl Edlefsen sold the approximately
9,700 square foot industrial property to United Properties LLC,
northern California’s largest family-owned equipment rental company.
Andie Wilson of Coldwell Banker Commercial Premier Brokers handled
the $1M transaction.
New Jersey
Coldwell Banker Commercial Feist & Feist in Roseland handled the
sale of Cokesbury Corp. Center in Clinton recently. John H. Adams
represented both the buyer and seller of the 15,000 square foot
industrial property located off Route 22 West, which was sold to
Automotive Restorations for $1.05M. The space will be used for
restoration of classic and collectible cars.
New York
Coldwell Banker Commercial Meridian in Amherst handled the purchase
of two 10,000 square foot medical buildings on Maple Road in Amherst.
Eric C. Tudor and Patricia L. Collins represented Med Four, LLC, which
purchased the buildings for $1.92M from Maple Road, LLC. The sellers
were represented by David Schiller of NAI Pyramid Brokerage Company.
The search began at the end of 2004, when a group of doctors were
looking to expand their practice and own rather than lease. The first
building is close to Millard Fillmore Suburban Hospital, which suits
the practice, and the doctors will occupy 5,000 square feet and lease
the other 5,000. The other building is full.
North Carolina
Mark J. Howe, CCIM, of Coldwell Banker Commercial TradeMark
Properties in Raleigh represented the seller of 69 acres of residential
land in Wake County in Raleigh. Whitefield Investments, LLC, sold the
land for $4.295M to Buffaloe Forest, LLC, which plans on developing and
building four-six units per acre homes. The buyer was represented by
independent agent LeMarr Bunn.
Pennsylvania
Coldwell Banker Commercial Preferred in Conshohocken:
- Rob Beach represented the buyer and John Mancini represented the
seller of a freestanding, prior bank site to be developed into, and
expanded $2,000 s/f for a wine and spirit shop. Alan Laken sold the
property, located at 132 E. Butler Ave in Ambler, to Moreland
Development for $1.3M.
- John Mancini handled the sale of a three story, elevator
serviced, multi-tenant property on North Franklin Street in Doylestown.
Twain Association sold the 21,000 square foot building to J.M.C.
Associates for $2.175M. Nancy Presti of Prudential Fox Ranch handled
the transaction for the buyer. The property is a free-standing
office building with 15 tenants.
