CORFAC International Announces Major Third Quarter Commercial Real Estate
FALLS CHURCH, Va., Oct. 21, 2013 (GLOBE NEWSWIRE) -- CORFAC International 2013
President Bill Hawkins, SIOR, announced six of the more than 2,000 commercial
real estate transactions that the network of independent and entrepreneurial
companies closed during the third quarter this year.
Merrimack, NH: James Stubblebine of the Stubblebine Company/CORFAC
International based in Boston, MA, completed a 53,000-square-foot lease
encompassing office and engineering lab space for DRS Technologies Inc. That
transaction was referred by Jeffrey Garibaldi of The Garibaldi Group/CORFAC
International based in Chatham, NJ.
Northern NJ: In another transaction involving The Garibaldi Group/CORFAC
International, Howard E. Greenberg, SIOR of Howard Properties, Ltd./CORFAC
International based in White Plains, NY, co-represented his client, Cervalis
LLC with Jim Garibaldi and Mike Witko of The Garibaldi Group. They represented
the data center operator in the lease of 28,130 square feet of office/flex
space in a building owned by Mack-Cali Realty Corp.
Memphis, TN: One of the country's biggest third-party logistics companies
leased approximately 500,000 square feet of industrial space in Memphis that
was valued at more than $6.8 million.
The lease was completed by Treat Macdonald, SIOR of Memphis-based Crump
Commercial LLC/CORFAC International and referred by Steven Podolsky, SIOR of
Podolsky|Circle CORFAC International in Chicago and David Saltzman of Lee &
Associates in New Jersey. Since 2005 the two CORFAC firms and Saltzman have
completed six transactions totaling 2,310,514 million square feet on this
client's behalf in Tennessee and Mississippi.
Jacksonville, FL: Don Ossey, SIOR and Robbie McEachern of Portland OR-based
Capacity Commercial Group/CORFAC International referred their client, Tucker
Rocky Distribution, to Jacksonville FL-based Jeff Graham, SIOR, with King
Industrial Realty of Florida/CORFAC International, who negotiated a long-term,
190,402-square-foot lease on behalf of Tucker Rocky in an industrial building
at 8700 Jesse B. Smith Court, Jacksonville.
Pattillo Industrial Real Estate owns the property and also provided a
72,691-square-foot temporary expansion space within Westside Industrial Park
to accommodate Tucker Rocky's immediate growth, making the total leased space
for the transaction 263,093 square feet. It is the largest industrial lease so
far this year in Jacksonsville, according to Graham.
Washington, DC: Bryan Gray, with Donohoe Real Estate Services/CORFAC
International co-represented the investment trading platform, Scottrade, in a
1,945-square-foot retail lease in Woodbridge VA, a Washington suburb that is
approximately 20 miles south of the capital. The deal was referred by Scott
Savacool, SIOR, CCIM, with Sansone Group/CORFAC International based in St.
Louis, MO. In 2013, Savacool has completed 12 Scottrade leases in multiple
U.S. cities with other CORFAC brokers.
Wilmington, DE: J. Gregory Ellis, CCIM and Rich Dudek of Patterson-Woods
Commercial Properties/CORFAC International were the only brokers involved in
the sale of 913 North Market Street in Wilmington, a 12-story, downtown
Wilmington office building for slightly more than $1.7 million that was
co-listed nationally with Auction.com.
The building has approximately 72,000 rentable square feet and was 60 percent
occupied at the time of sale. The seller was Delaware Offices, a
Wilmington-based property investment and management firm. The buyer was 913
Market LLC, an entity of Sky Management Services, LLC.
CORFAC International (Corporate Facility Advisors) is comprised of privately
held entrepreneurial firms with expertise in office, industrial and retail
real estate leasing and investment sales, multifamily property acquisitions
and dispositions, property management and corporate services. To learn more
call 703.532.6160 or visit www.corfac.com.
CONTACT: Media Contact: Gary Marsh firstname.lastname@example.org
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