CBC BENCHMARK
JACKSONVILLE
Total number of completed deals: 6 sales, 13 leasing
Total square footage: 60,000 sales, 45,500 leasing
Total value: $96.9 million sales, $5 million leasing
In July Henley represented Montecito Medical
Investment Co. as it acquired Bon Secours Health Center at Harbour
View, a 123,050-sf medical office building, from Tri-City Development Co. for $33 million. The property is located on Harbour View
Boulevard in Suffolk, VA. “Placing the client first will sustain you in
this cyclical real estate industry,” he says. “My success has come from
listening intently to my client’s need and finding it for them.”
ALEX EVANS
SALES ASSOCIATE
CBC BENCHMARK
JACKSONVILLE
Total number of completed deals: 5 sales, 6 leasing
Total square footage: 148,050 sales, 21,000 leasing
Total value: $94.3 million, $1 million leasing
Evans is an office sales specialist who partnered
with Scott Henley on the sales of the Bon Secours Health Center at
Harbour View in Suffolk, VA for $33 million. He also brokered a 6,000
sf sublease at 5022 Gate Parkway in Jacksonville for Woodside Homes.
“JaxPort expansion and increasing global opportunities are creating
major benefits for northeast Florida,” says Evans, adding that it is an
opportunistic time to expand portfolios with properties in Jacksonville.
RONALD C. MUZII JR.
SENIOR VICE PRESIDENT
HREC INVESTMENT ADVISORS
BOCA RATON
Total number of completed deals: 4
Total room number: 1,036 hotel rooms
Total value: $92 million
Muzii is an investment sales specialist who’s
biggest deal last year involved arranging $39.0 million in financing for
the acquisition of oceanfront land in Pompano Beach for the development of a Hilton resort hotel. He is currently working on an $80-mil-
lion construction loan for the project. “The next 12 to 18 months will
offer unprecedented investment opportunities in the commercial real
estate sector as credit and economic challenges force overleveraged
and undercapitalized owners to sell or lose their assets,” says Muzii.
STEPHEN NOSTRAND
EXECUTIVE VICE PRESIDENT
COLLIERS ABOOD WOOD-FAY
CORAL GABLES
Total number of completed deals: 3 sales, 1 lease
Total square footage: 359,000 sales, 11,000 lease
Total value: $67.5 million sales, $3 million lease
Nostrand’s biggest deal of 2007/2008 involved
million. He represented the buyer, which was a joint venture between
PA-based Keystone Properties and Colliers Abood Wood-Fay. “Off
shore equity has slowed down despite currency differences because
global economies are feeling similar effects to what is occurring in the
United States,” he says. “Smart investors who have cash and a long term
perspective are competing for the quality assets in the marketplace.”
DEAN SAUNDERS
BROKER, OWNER
COLDWELL BANKER COMMERCIAL
SAUNDERS REAL ESTATE
Total number of completed deals: 6
Total acreage: 11,586
Total value: $65.5
Saunders specializes in working with owners
of land in conservation and at the end of last year brokered a deal
involving 6,715 acres that went to Osceola County’s (Florida) Environmental Lands Conservation Program for $14.8 million. “
Overexuberant return expectations fueled by inexperienced investors in
the housing segment created challenges in capital markets,” he says.
“As lenders overreact, less money is available for deals and less deals
happen. Property values may decline while cap rates increase.”
LEASING
DAVID J. PREVÉ
FOUNDING PRINCIPAL
CRESAPARTNERS
MIAMI
Total number of completed deals: 41
Total square footage: 645,914
Total value: $203.7 million
Prevé represented Wachovia Bank in a 95,000-
sf transaction that culminated in a lease for a to-be-built facility. “
Office vacancy rates will continue to inch up as companies deal with the
gloomy economy by postponing expansion plans and/or downsizing,” he says. “Rates should become more competitive in most markets; however, CBDs will remain high for the foreseeable future. The
life sciences including medical, pharmaceutical and biotechnology, IT
and financial/professional services industries will continue to expand.”
ALAN KLEBER
SENIOR DIRECTOR
CUSHMAN & WAKEFIELD
MIAMI
Total number of completed deals: 40
Total square footage: 1 million
Total value: $200 million
“Miami is poised for an expansion in its health
care and education industries, as the University of Miami is making a
major push to build out a new biotechnology hub on campus,” says
Kleber. He represented Royal Caribbean Cruise Lines in a 260,000-
sf, $25 million lease deal at IDI’s logistics center in Weston last year,
along with a 50,000 sf lease in Miramar for its regional operations.
