Executive Vice President R. Scott Martin, SIOR with NAI Capital was recently recognized by the Society of Industrial and Office Realtors® (SIOR) for his achievements in real estate transactions. Martin won the award for Largest Dollar Volume Transaction in alternative assets for his efforts in the sale of a 171, 000 square feet retail center for $24,880,000. The SIOR Transaction Awards honor SIOR members who have completed significant transactions in several categories within the award year.

Nearly, 650 SIORs reported SIOR Transactions in 2016, with a total dollar volume of USD $12.9 billion for all reported transactions. That sum is just a fraction of the total business done by SIOR members around the world. Twenty-one SIOR members were honored individually for their accomplishments in the following 14 different transactions award categories.

Martin said, “This is probably the most meaningful award that I have received as a professional.  The SIOR competition and standards are so high that I’m very honored by this.”

“From start to finish we closed this deal in less than 80 days. That was the amazing part of the entire transaction. We had a very tight time frame to market and solicit the property, vet the purchasers, weave through City Council process, work through due diligence, execute the sale and all with City Council approvals along the way. We accomplished this and yielded a 15% higher value than we initially set out to achieve,” Martin added.

Martin serves as executive vice president with NAI Capital’s Pasadena office. He has 29 years of experience as a licensed industrial real estate professional and has been a member of SIOR since 2000. He specializes in user and investment sales in the West San Gabriel Valley, Burbank and Glendale markets of Southern California. Martin has closed over $1.2B in transaction volume. He prides himself on his vast local market knowledge and keen eye for value, which he has created for his clients.