March Closed Transactions
March was another active month for our brokerage, which included several notable deals. Overall, we closed 18 交易 equating to nearly 200,000 square feet.
迈克·辛普森 closed the highest-value transaction of the month. He partnered with Skip Weiler of Robert Weiler Co. to represent Capital University in the sale of Trinity Lutheran Seminary Apartments to Continental Real Estate Cos. The developer plans to transform the property by building a $77 million mixed-use development at 2160-2184 E. 主圣. 在贝克斯利.
Simpson also worked with 安德鲁•格林 to sell 741 E. 广泛的圣., the highest-value 办公室 transaction of the month. 9,600-square-foot 办公室 building was formerly a Netcare Addiction Treatment Center purchased by The Breathing Association, a local non-profit specializing in lung health services, 以990美元的价格,000.
The Office Brokerage Team of Matt Gregory, SIOR CCIM, Andy Dutcher, SIOR 和 Philip Bird, SIOR completed three-quarters of the month’s 办公室 交易. Overall, 办公室 交易 accounted for 22% of the month’s activity.
Mitchell Moore closed the highest-value 零售 transaction of the month with the sale of 4011 E. 主圣., a 5,580-square-foot freest和ing 零售 building.
瑞安McGreevy represented the 土地lord, Northbridge Plaza, in negotiating 和 successfully leasing both available storefronts at 5744 和 5780 Frantz Road. The new tenants are Frantz Road Market 和 Kenny the Tailor.
The number of monthly completed 零售 交易 continues to climb within our brokerage. Roughly 28% of the month’s total activity volume was 零售.
The largest 工业 transaction by value was completed by Joe Menninger, CCIM who represented the seller in the sale of 2256 Citygate Dr. The 33,453-square-foot flex 工业 building was purchased by Mid-State Basement Systems for $4.2500万年.
Approximately 44% of the month’s 交易 were 工业.
