Notable Transactions

 

Recent Closings

 

Apartments

Apartments 100 Units +

Retail

Office

Industrial

 

ISM Building, Evansville, IN
80,000 SF Industrial
On market approximately 5 years with another firm.
  We received multiple offers and sold within $10,000 of projected price within 1 year.
Client: SOPRAMCO

 

REO Fairmont, Lexington, KY
42,561 SF - 48 Units
On market approximately one year with competing brokerage firm.
  Property had significant deferred maintenance and high vacancy.  Listed with our firm and was under contract in 14 days.  We received multiple offers and sold for more than the projected sale price.
Client: Wells Fargo/Crown Northcrop

 

REO Medical, Evansville, IN
SF: 6,274 – 1.12 Acres

Client: Midwest, Inc.

Client listed property with 3 other firms prior to listing it with us and had been on the market for 2 years.  We adjusted the price down $10,000, implemented our marketing, and received a full price offer within 30 days from a group of doctors.  Closed in 45 days with numerous building condition issues at 99.6% of asking price and buyer paid for all inspection reports, surveys and most of the closing costs. 

 

Highland Hills Apt, Evansville, IN

132 Unit Class C Asset

 

N. Green River & Morgan, Evansville, IN
Stanton Optical

Client: Showplace Cinemas

Build-to-Suit with multiple offers on site.

 

Tri-Star Building, Irving, TX
67,535 SF - 3.63 Acres
Major Tenants: Budd Van Lines, Inc.
Client:
Lincoln National Life Insurance Company
Multiple Offers

 

Lakeway Building, Lewisville, TX
125,253 SF - 7.46 Acres
Major Tenants: J.A. Majors & Nishimoto Trading Company
Client:
Lincoln National Life Insurance Company
Multiple Offers

 

Whitewater Trade Center, Connersville, IN
141,770 SF - 22.6 Acres
Major Tenants: Wal-Mart, LoBill, Fashion Bug
Client:
Developers Diversified

 

Williamsburg on the Lake , Evansville, IN
200 Units
Our firm represented the buyer.

Client: Brookside Properties

 

Pine Meadow Apartments, Newburgh, IN
78 Units
6 full price or better offers in 10 days.

Sold over asking price.

Client: Pine Meadow Apartments, LLC

Morganfield Townhouses, Madisonville, KY
30 Units

CA seller bought the project 9 month prior while listed with a local broker. They made the decission that this investment wasn't for them and listed it with us. Within one week we were under contract with a west coast buyer and sold it for 36% more money than the seller paid for the project. Buyer was represented by another west coast brokerage firm.
Client:Morganfield Townhouse Properties, LLC

Lake Nora/Fox Club Apartments, Indianapolis, IN
429,500 SF -924 Units
Bond financed with non-profit
Client:
Church of God

Tenneco - NNN Industrial, Evansville, IN
28,800 SF - B+ Credit Tenant

We were able to produce a buyer that closed in 6 days at 98% of asking price.
Client: Challenge Properties


REO Pleasant Green Apt, Evansville, IN
 78,300 SF - 88 Units
On market approximately one year with competing brokerage firm.  Property had significant deferred maintenance and high vacancy.  Listed with our firm and was under contract in 14 days, which closed 60 days later.  Received multiple offers and sold at projected sales price.
Client: Wells Fargo/Crown Northcrop

Retail Land , Evansville, IN
6 Acres - N. Green River Rd. & Morgan Ave.
After 5 years on the market, Sperry Van Ness/Martin Commercial Group was retained to market the property. After multiple offers, we successfully closed this transaction for more per square foot than the asking price and the seller retained approximately 1.60 acres.
Client: Business Building, LLC

 

Assisted Living, New Castle, IN
59 Bed Class A Facility
Sold
to national operator.

Client: Henry County Memorial Hospital