Posts tagged Commercial Real Estate Sales
West Palm Beach, Fla. – It has been a busy few months for NAI/Merin Hunter Codman. Since June of this year, Palm Beach County’s largest privately held commercial real estate services firm has represented buyers and sellers in approximately $250 million of commercial real estate sales. The investment properties included office, retail and multifamily properties and ranged in size from just under one million to over seventy million dollars.
NAI/Merin Hunter Codman’s Investment Sales Team led by Chairman Neil E. Merin, SIOR, CCIM, Capital Markets Specialist Christian J. Johannsen, CCIM, Retail Specialist Spencer Grossman and Multi-Housing Specialist Wendy Pierre, CCIM, facilitated almost a quarter billion dollars of investment sales transactions representing a variety of institutional and private equity clients. NAI/Merin Hunter Codman accomplished its clients’ goals over what is normally a sluggish summer period in a year which has been notable for a nationwide slowdown in investor demand. In several cases NAI/Merin Hunter Codman’s Capital Markets team was also able to assist its clients by arranging financing for the properties. The firm which also manages and leases approximately 5 million square feet of office, retail and industrial property throughout Palm Beach County has established itself as one of Palm Beach County’s premier investment sales brokers.
Jordan Paul, Chief Executive Officer of NAI/Merin Hunter Codman stated, “Florida, in general, and Palm Beach County, in particular, have continued to be very attractive investment targets in a year where we have seen investors pull back due to economic and political uncertainty. Notwithstanding that perception, our area has benefitted from steady growth in rental rates and absorption along with positive demographic trends that should allow that growth to continue. We are very pleased that our team has been able to effectively convey all that is positive about Florida and Palm Beach County on behalf of our clients. We have a diverse and experienced group of brokers who have done a tremendous job this year representing our clients on a wide variety of investment sales. Our team has combined our market knowledge with the access we have to investors worldwide through our affiliation with the NAI Global network, which has over 375 commercial real estate offices located throughout the world, to provide our clients with an extraordinary level of exposure and outstanding transaction executions for their commercial properties.”
CLICK HERE to read the full press release.
Final Foreclosure Judgment For Sale Former Knight’ s Inn of Micanopy. ±24,705 SF, 60 room, two-story limited service economy roadside motel on a 9.0 acre site.
The site is also improved with a 2,317 SF single family residence, – perfect for owner occupancy. CBS/brick construction.
Collateral is located on the northern side of County Road 234 on the west side of an
I-75 interchange approximately 10 miles south of Gainesville.
West Palm Beach — Jordan Paul, CEO of NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, is pleased to announce the completion of approximately 250,000 square feet of leasing transactions and $6,000,000 in sales transactions in the second quarter of 2012.
“Our commercial brokerage team has done a great job completing transactions in a choppy market on both the leasing and investment sales sides. Capital sources appear to be viewing the near term and long term prospects for South Florida more positively and we expect a strong finish in the second half of the year.” said Paul.
LANDLORD REPRESENTATION LEASE TRANSACTIONS – 173,322 SF
TENANT REPRESENTATION SPACE PROCURMENT – 74,149 SF
SALES TRANSACTIONS – $5,986,000 – 84,800 SF
For a detailed outline of our transactions please click here.