Posts tagged NAI DESCO
NAI Global, the world’s largest, most powerful network of owner-operated commercial real estate firms, earned the fifth spot in the 2015 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to evaluate innovation, responsiveness and quality of service. NAI Global is the only commercial real estate network of independently owned and operated firms represented among the top five. This is the tenth consecutive year NAI Global has ranked in the top ten in the Lipsey Survey, four of which years NAI Global has been ranked in the top five.
The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry. The 2015 survey results can be found here http://www.lipseyco.com/brand-survey.
As a member of NAI Global, NAI DESCO is proud that collectively, our strength and achievements are recognized by our industry, peers and colleagues and reflected in this year’s Lipsey Survey. NAI DESCO is a leading commercial real estate firm serving Central and Eastern Missouri and Southern Illinois. Founded in 2000 NAI DESCO has grown to a firm of 25 active agents with offices in Clayton, MO and O’Fallon, IL.
ST LOUIS, MISSOURI – 16 JUNE 2015 – NAI DESCO is pleased to announce the appointment of Thomas R. “Toby” Martin to the position of CEO and Principal of the company. Martin will join the company to provide executive leadership to the service offerings of NAI DESCO to enhance growth in the areas of transaction services, property and facilities management and corporate services.
Toby Martin comes to NAI DESCO after 25 years of service in all aspects of the real estate service, development and ownership business. He has vast experience in managing local and institutional transactions and facilities from his experience as a founding member of DTZ Cushman (Former Colliers Turley Martin in North America) and Duke Realty Corporation as a member of both firms’ Management Committees.
“NAI DESCO is a leading service firm in Missouri and Illinois, possessing the potential for significant growth in the region. The company has a tradition of excellence in all areas of real estate services and its people, process and systems are world class. The opportunity for enhanced service growth is tremendous,” said Martin.
Martin will also explore opportunities to assist DESCO Group, NAI DESCO’s sister company, with growth and expansion of its advisory and asset management business. DESCO Group is a leading manager of retail facilities and plans for growth in real estate investment management. Chairman of NAI DESCO and DESCO Group Mark Schnuck states, “Toby possesses the qualities we are seeking to help us grow as a leading integrated Company in all aspects of our business. We are excited to welcome him to our team of professionals to add to our goals of growth in these areas.”
About NAI DESCO
NAI DESCO is a leading commercial real estate firm serving Central and Eastern Missouri and Southern Illinois. Founded in 2000, NAI DESCO was formed when the Schnuck family partnered with veteran brokers Dan Hayes, John Sheahan and Peter Sheahan to create an independent firm for the brokerage of third-party office, industrial, medical, retail and investment properties. The firm has grown to 25 active agents with offices in Clayton, Missouri and O’Fallon, Illinois. To learn more, please visit www.naidesco.com.
St. Louis, Mo. – Huntleigh McGehee (HM) has purchased a 12,160 square foot commercial building on 0.54 acres located at 601 S. Lindbergh in Frontenac, Missouri. The building, which was formerly occupied by the Fur Center, sold for an undisclosed amount on June 28, 2013. John Shuff of NAI DESCO Commercial Real Estate represented HM.
HM, an insurance brokerage firm based in St. Louis, will immediately begin renovations to convert the property into The HM Wellness Center.
“The Wellness Center exemplifies HM’s commitment to partnering with our clients,” said CEO Michael F. Shanahan Jr. “The benefits to a healthier workforce move well beyond just saving money on insurance. Healthy employees are more productive, and our clients appreciate that.”
The HM Wellness Center will also focus on family health. “Let’s bring customized nutrition and exercise programs to the entire family, not just the employee.”
A further article on this transaction can be found here on the St. Louis Post-Dispatch website.
Barry Iken of NAI DESCO represented Franco Inc in the lease of 1,400 square feet of retail space at 6314 Delmar Blvd in University City to Cold Stone Creamery.
Floyd Sweeney, SIOR of NAI DESCO represented 504 Marshall LLC in the purchase of a 5,600 square foot office building at 504 Marshall Ave in St. Louis from Brent Cowin.
David Wittenauer, CCIM of NAI DESCO represented Computer World Services Corp in the lease of 7,284 square feet of office space at 16 Executive Dr in Fairview Heights, IL from Plummer General LLC.
Steve Gwinnup, CCIM of NAI DESCO represented Paraquad 5240 Inc in the purchase of a 35,720 square foot industrial building at 5200 Berthold Ave in St. Louis from St. Louis Science Center Foundation.
Barry Iken of NAI DESCO represented Kimberly LC in the lease of 866 square feet of office space at 2510 S Brentwood Blvd in Brentwood to Crown Services Inc.
Michael Wolken, SIOR of NAI DESCO represented WIF1 LLC in the sale of their 19,050 square foot industrial building at 1727-1739 Larkin Williams Rd in Fenton to CP1 LLC.
Second quarter 2013 reports are available here for the St. Louis industrial, office and retail sectors. Check out the reports for details on vacancy and rental rates, absorption, construction trends and major lease transactions. You can also receive the reports via email by joining our email list. Look for more information on market trends in the weeks to come as Vice President Josh Hibbits is published in the August issue of Heartland Real Estate Magazine.
Josh Hibbits of NAI DESCO represented Family Dollar in the lease of 10,687 square feet of retail space at 9435 Olive Blvd in St. Louis from TMC Realty Group.
John Shuff of NAI DESCO represented Deadwood Holdings LLC in the sale of a 2,438 square feet of retail space at 10024 Gravois Rd in St. Louis to Mersin LLC.
Carl Conceller, SIOR of NAI DESCO represented Hperion Glass Co in the lease of 2,175 square feet of industrial space at 2357 Grisson in Maryland Heights, MO from Grisson Fee Fee Investors LLC.
Steve Gwinnup, CCIM of NAI DESCO represented Paraquad 5240 Inc in the lease of 3,200 square feet of industrial space at 5240 Oakland Ave in St. Louis to National Multiple Sclerosis Society.
John Sheahan, SIOR of NAI DESCO represented Coffman Duncan & Kraatz Investments in the sale of their 32,400 square foot industrial building at 566 Leffingwell Ave in Kirkwood, MO to Jeffrey & Marjory Sharp, also represented by John Sheahan.
Josh Hibbits of NAI DESCO represented Wireless Lifestyles in their lease of 4,680 square feet of retail space at 11200 W. Florissant in Florissant, MO from BRE Retail Residual MO Owner LLC.
Barry Iken of NAI DESCO represented 3100 South LLC in the lease of 2,390 square feet of retail space at 3122 S Grand in St. Louis to Clarkson Eyecare.
The fast casual pizza chain focuses on fresh ingredients and healthier food using organic veggies, gourmet cheese and MSG & additive free meats. Check out their menu and learn more at their website: www.zpizza.com
Third quarter 2012 reports are available here for the St. Louis industrial, office and retail sectors. Check out the reports for details on vacancy and rental rates, absorption, construction trends and major lease transactions. You can also receive the reports via email by joining our email list. Look for more information on market trends in the weeks to come as Vice President Andy Murphy, CCIM is published in the November issue of Heartland Real Estate Magazine.
John McDonald of NAI DESCO represented 20 North Central LLC in the lease of 2,208 square feet of retail space at 20 N. Central in Clayton, MO to NPJ Enterprises 2.
David Wittenauer, CCIIM of NAI DESCO represented Threlkeld Family Investments, LLC in the lease of 6,252 square feet of office space to Total Renal Care at 1095 N. Green Mount Rd in Shiloh, IL.
John McDonald of NAI DESCO represented Grimco Inc in their lease of 22,400 square feet of industrial space at 2030 Corporate 44 Drive in Fenton, MO from Altus-Corporate 44 Partners.
David Wittenauer, CCIM of NAI DESCO represented Granite City Illinois Hospital Company in the sale of their 1,518 square foot office building at 800 St. Louis Rd in Collinsville, IL to Michael & Dina Altenberger.
Northwest Plaza, located at St. Charles Rock Rd and Lindbergh Blvd in St. Ann, Missouri, was originally built as an open air mall in 1966 before being enclosed in the 1980s. The development had declined in recent years as the mall’s anchors departed. The mall was shuttered in 2011.
Redevelopment plans for the 122 acre site include space for several big box and junior anchor users as well as multiple outlots. NAI DESCO will continue to market the property.