Thumb_3 Sold!
Location: 2000 E Golf Road, Schaumburg, IL, 60173, USA
Date: Sep 03, 2014
Transaction Amount: $4,200,000
Thumb_bht_exterior8m Sold!
Location: 631 Earthside Circle , Claremore , OK, 74017, USA
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Beacon Hill Townhomes located in Claremore, Oklahoma. The property is located at 631-643 Earthside Circle and is near the Claremore Indian Hospital, the Claremore Expo Center and Rogers State University. The Buyer is a local real estate investor and the Seller is a partnership of out-of-state real estate investors. The sale price was $ 2,200,000 or $68,750 per unit. The property was constructed in 1979 and consists of 16 buildings with a total of 32 units and a storage building. The unit mix consists of two, three, and four bedroom units. All units have a garage and washer/dryer connections as well as fireplaces and patios. The property was significantly upgraded including recent siding, new roofs, and extensive landscaping. The interiors were updated with unique custom finishes. The Seller was represented by the multifamily team of Mike Marrara and Melanie Richardson of First Commercial Real Estate Services Corporation. The Buyer was represented by Tracy Streich of Realis Management, LLC. Mike and Melanie noted that there was strong interest in the area and in the property, with an offer generated in less than 30 days of marketing. There is a high demand for stabilized, cash flowing assets in good areas. Beacon Hill sold for 98% of its list price and at the current NOI that translates to a 7.3 CAP Rate. David Hagaman with Tulsa Abstract and Title Company handled the closing. RCB Bank provided financing to the Buyer for the acquisition.
Date: Aug 21, 2014
Transaction Amount: $2,200,000
Thumb_arrowheadfest Leased!
Location: 7260 W. Bell Rd. , Glendale, AZ, 85308, USA
Comments: A nail salon has leased 1,947 SF of retail space at Arrowhead Festival Shopping Center located at 7260 W. Bell Road in Glendale. Mary Ridberg and Rommie Mojahed represented the landlord. Also new to Arrowhead Festival Shopping Center is Destination Scuba who leased 2,054 SF of space at the center.
Date: Aug 01, 2014
Transaction Amount: $0
Thumb_jb Leased!
Location: 310 N. Litchfield Road, Goodyear, AZ, 85338, USA
Comments: Judy Jones, Mary Ridberg and Rommie Mojahed represented the owner of a former JB’s Restaurant located at 310 N. Litchfield Road in Goodyear in the leasing of the 5,012 SF building to Eggs and More Restaurant. Chip Diamond of Diamond Properties represented the tenant.
Date: Apr 22, 2014
Transaction Amount: $0
Thumb_glendale Sold!
Location: 5139 W. Glendale Ave, Glendale, AZ, 85301, USA
Comments: The Hinkson Company, LLC purchased a 50,467 SF retail building, known as Glendale Center, located at 5139 W. Glendale Avenue in Phoenix for $2,600,000 or $51.51 PSF. Erin Schrauth, Peter McQuaid and Greg Vanlerberghe represented the seller, GLC Glendale Holdings, LLC.
Date: Jul 31, 2014
Transaction Amount: $2,600,000
Thumb_glen_oaks_sign Sold!
Location: 2304 Glen Oaks Drive, Norman, OK, 73071, USA
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Glen Oaks Apartments located in Norman, Oklahoma. The property is located at 2304 Glen Oaks Drive. This property is located off of Highway 9 giving the residents easy access to I-35. It is near the new Ronald Reagan Elementary School and is a mile and a half from the University of Oklahoma campus. The Seller is an out of state real estate investor and the Buyer is a local non-profit corporation.
Date: Aug 13, 2014
Transaction Amount: $600,000
Thumb_village_with_sign Sold!
Location: 867 Fendlwy Drive, Conway, AR, 72032, USA
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of Village Apartments in Conway, Arkansas. This 102-unit property was purchased by CM Properties of Conway LLC. The seller was Village Partners LLC, whose managing member has holdings in Oklahoma and surrounding States. The Seller's property management company is based out of Tulsa, OK.
Date: Jul 29, 2014
Transaction Amount: $4,900,000
Cap Rate: 8.25%
Parties: Kristian Lee
John Budz, Realty Executives International Elite
Location: 209 Stephens St., Lemont, IL, 60439
Comments: Kristian Lee represented First Light Financial ( in leasing this small executive office in downtown Lemont. First Light Financial will be relocating from Bolingbrook to Lemont.
Date: Jul 25, 2014
Transaction Amount: $0
Linda Rodgers
Location: 2201 E Main , Cushing, OK, 74023
Comments: First Commercial Real Estate Services is pleased to announce the sale of hotel development land in Cushing, OK. The new owners, Promise Hotels Inc., have announced that it will be constructing a new, 86 room Holiday Inn Express on the site.
Date: Jul 30, 2014
Transaction Amount: $500,000
Thumb_1585_route_73_main Sold!
Markeim Chalmers Realty
Location: 1585 Route 73, Pennsauken, NJ, 08110, USA
Date: Jun 30, 0014
Transaction Amount: $0
Thumb_p1000014 Leased!
Location: 3717 Roswell Road, Atlanta, GA, 30342, USA
Date: May 01, 2014
Transaction Amount: $0
Thumb_warner2 Leased!
Location: 2133 E. Warner Road, Tempe, AZ, 85284, USA
Comments: Justin Horwitz represented the landlord at Warner Century Plaza to lease 2,219 of office space to Clear Title Agency. Perry Gabuzzi represented the tenant.
Date: Jun 11, 2014
Transaction Amount: $171,972
Thumb_proone Sold!
Location: 8607 North 59th Avenue, Glendale, AZ, 85302, USA
Comments: Justin Horwitz, Nicole Ridberg and Neil Sherman represented the seller, Washington Federal Bank, in the sale of Pro-One Plaza. The 14,000 SF freestanding building was purchased by an owner occupant, Garrison Bryan TI, LLC and Clifford L. Paul Living Trust for $825,000.
Date: May 23, 2014
Transaction Amount: $800,000
Thumb_ro_sign Sold!
Location: 3902 College View Drive, Joplin, OK, 64801, USA
Comments: Another successful multifamily closing! First Commercial Real Estate Services Corporation is pleased to announce the sale of Royal Orleans in Joplin, MO. This transaction produced a per unit price of $41,338.
Date: Jul 15, 2014
Transaction Amount: $5,250,000
Cap Rate: 8.50%
Thumb_yogurt Leased!
Location: 67-179 South Higley Road, Gilbert, AZ, 85296, USA
Comments: Mary Ridberg & Rommie Mojahed represented the landlord to lease 1,403 SF of retail space to a Yogurt Shop. Lakeview Village is located at 67 S. Higley Road in Gilbert, Arizona. Tyson Breinholt represented the tenant in the transaction.
Date: Feb 25, 2014
Transaction Amount: $0
Thumb_monterosa-1 Sold!
Erica Rodgers, Realty One Group, Inc.
Location: 3728 East Monterosa Street, Phoenix, AZ, 85018, USA
Comments: Property had been completely remodeled in 2014. Average Rents at time of sale were $1,175. Vestis Group received 6 offers the first week of the listing. At the sale price of $1,064,800, the actual cap rate was 7.25%. Over the last 12 months, Vestis Group has purchased 8 multifamily apartment communities in the Phoenix area. They are looking to acquire another 7 or 8 projects before the end of the year.
Date: Jul 18, 2014
Transaction Amount: $1,064,800
Thumb_098 Leased!
Michael Coretz
Location: 21 E. Congress St, Tucson, AZ, 85701, USA
Date: Jul 01, 2014
Transaction Amount: $178,706
Thumb_7-north-6th-ave-1 Leased!
Location: 7 N. 6th Ave, Tucson, AZ, 85701, USA
Comments: Two year triple net lease.
Date: Jun 01, 2014
Transaction Amount: $24,000
Thumb_img_5175 Leased!
Parties: Kristian Lee
Bart Davis, john greene Commercial
Location: 24402 W Lockport Street, Plainfield, IL, 60544
Comments: Bart Davis of john greene Commercial represented Country Financial in securing a lease for 1,500 SF at Town Square. Kristian Lee of Schulz Properties, Ltd. represented ownership in leasing one of the last 2 retail spaces available. Town Square now has only one 1,500 SF retail suite available for lease.
Date: Jul 01, 2014
Transaction Amount: $0
Thumb_img_5867 Leased!
Parties: Kristian Lee
Location: 16135 Weber Road, Crest Hill, IL, 60403, USA
Comments: Small retail space leased to entrepreneurs starting the new business: Millennium Vapor Bar.
Date: Jul 01, 2014
Transaction Amount: $0

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