Wednesday, April 13, 2011

Colliers International Completes the 9,219-SF Retail Sale Valued at $1.750 Million in San Clemente, CA

TORRANCE, CA– Colliers International, the second largest global real estate services organization, has completed the sale of a 9,219-square-feet multi-tenant retail property located at 1011 - 1041 Avenida Pico, San Clemente, Calif.. The transaction is valued at $1.750 million. 

 This retail center was built in 2005 is part of the Courtyards at Talega (top left photo), a 35,000-square-feet community shopping center, located in the upscale community of San Clemente.

 Ian Schroder and Maurice Nieman, vice presidents, based in Colliers International’s Irvine office, represented both the seller, JP Morgan Chase, and the buyer, SVN Equities, an investment management company.

 “We had worked with the former owner prior to foreclosure on selling this Center and worked on various leasing assignments. Unfortunately the poor economy, high vacancies and tenant turnover caused the property into foreclosure,” said Nieman.

“As a bank-owned property, we found a great local buyer who we believe will be able revitalize and re-lease this 50% vacant center and realize its true potential,” added Schroeder.

Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

HFF closes sale of Class A office property in Westchester County, New York for more than $30 million

NEW YORK, NY –HFF announced that it has closed the sale of The International Corporate Center at Rye (top left photo) a 170,973-square-foot, Class A office property in Rye, New York.

HFF’s investment sales team marketed the property on behalf of the seller, The Gateside Corporation.  Faros Properties and Gould & Company purchased The International Corporate Center at Rye for more than $30 million and assumed existing debt on the property.

Located at 555 Theodore Fremd Avenue in Rye, The International Corporate Center at Rye has immediate access to Interstate 95 and is close to Interstate 287 as well as the Metro North commuter rail stations in Harrison and Rye.

The 17.1-acre site features three interconnected buildings anchored by a five-story glass rotunda lobby.  Tenants at the property include Bank of Tokyo-Mitsubishi, Mitsubishi Imaging and Greenbriar Equity Group.  The property also offers an on-site cafeteria, fitness center, conference facilities and tenant storage. 

The HFF team representing The Gateside Corporation included senior managing directors Andrew Scandalios (middle right photo) and Jose Cruz  and directors Jeffrey Julien and Kevin O’Hearn.

Andrew Scandalios, HFF Senior Managing Director, (212) 245-2425, 
Jose Cruz, HFF Senior Managing Director, (973) 549-2000,
 Kristen Murphy, HFF Associate Director, Marketing,  (713) 852-3500,

Grubb & Ellis Strengthens Brokerage Leg in Tampa with Addition of Mark Eilers and Rick Klepal


TAMPA, FL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that it has added two industry veterans to its brokerage team.  Mark Eilers (top right photo) joined the company as senior vice president, Land Group and Rick Klepal (middle  left photo) as vice president, Investment Group.

 “With the addition of Mark and Rick, we have continued to strengthen our Transaction Services team in the Southeast, offering our clients a more extensive platform of services and expertise,” said Randy Buddemeyer (lower right photo), executive managing director, Florida and the Carolinas.

 “They each bring a unique element to our team; Mark will play a huge role in leading our Land Services group in the region and Rick not only holds expertise on the receivership side of our business but also has many years of investment sales experience.” 

 Eilers brings more than 21 years of commercial real estate experience to Grubb & Ellis. He joins from CB Richard Ellis, where he was consistently one of the firm’s top producers.

  Eilers began his real estate career with The Founders Group and in 1997 joined Shoptaw-James, Inc./L.J. Melody & Company, eventually becoming CBRE. Throughout his career, Eilers has cultivated an expertise in land brokerage, focusing on residential land development, both single and multi-family, in-fill development sites, commercial sites and large mixed-use development tracts, as well as investment sales in apartments and office buildings.  

Klepal joins Grubb & Ellis from CB Richard Ellis, where he was a vice president specializing in investment sales, court-appointed receivership, commercial loan restructuring and commercial real estate advisory. At Grubb & Ellis, he will focus on court-appointed receivership services to troubled commercial real estate investments in the State of Florida.

 Prior to joining CBRE in 2005, he spent seven years as a president and owner of Commercial Property Services, Inc. Previously, Klepal spent five years as a vice president with Grandbridge Real Estate Capital.  He began his commercial real estate career with L.J. Melody in 1985.

 Contact: Rachel Andreozzi, Phone: 561.893.6296