Corporate Property Dispositions along with Steveco Commercial RE represented The Home Depot in the sale of 0.8 acre Outparcel in Plano, TX

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plano-graphic
Mike Stevens of Steveco Commercial Real Estate Group and Ken Stephens of Corporate Property Dispositions represented the Seller, Home Depot U.S.A., Inc., in the recent sale of a 0.8 ac Outparcel in Plano, TX, located in front of The Home Depot on North Central Parkway. The Buyer, Conifer Real Estate Company purchased the property to develop as a new location for the regional restaurant chain Chicken Express.

Mike Stevens of Steveco Commercial Real Estate has been active in the Dallas-Ft Worth market for over 32 years – specializing in retail tenant representation, site selection, disposition, brokerage and development for both national and regional retail clients throughout Texas.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area. As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you. You can reach us at our Corporate office at 678-718-1884 or check us out on the web at cpdispo.com .

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Get to know our Team: Mark Miller

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Mark Miller is a Vice President over the Western Division for Corporate Property Dispositions.  He has been working in the Commercial Real Estate Industry for 28 years.  We will get a chance to learn more about him through these next 10 questions.

Mark Miller

How did you get into Commercial Real Estate?

The parents of a college friend introduced me to the business.

Do you focus on one aspect/industry of Commercial Real Estate?

I focus on retail tenant and owner/developer representation.

Can you tell us a bit more about your experience prior to joining CPD?

I have been involved in real estate finance, development/investment and brokerage for retail, industrial, office and multi-family properties.

Have you worked with any companies that we would recognize through the years?

In one capacity or another I have worked with or for The Home Depot, CarMax, Circuit City, Walmart, Costco, Kohl’s, Pacific Theatres, Ralph’s, Curacao, Applebee’s., etc.

Can you recall any specific experiences in this industry that helped to shape you into the broker you are today?

Learning the business from the perspectives of both a tenant (in-house) and as a developer has been invaluable.

Who was the most influential person or persons to you in your career in Commercial Real Estate?

John Tyson (Revco Drug), Greg Fisher (Wherehouse Entertainment) and Ben Cummings (Circuit City and CarMax).

Do you have any quotes or motto’s that you live by?

“There ain’t no education in the second kick of a mule”

Can you offer any words of wisdom to those just getting into the Commercial Real Estate field?

Your relationships (forming and maintaining them) and high ethical standards are not everything in the business… unless you don’t have them.

Any additional keys to success you would like to share?

Find a mentor(s) and begin forming relationships with people you like and trust early in your career.

Just for fun, what gets you through the day? Coffee, tea, water or something else?

Exercise and taking a personal break(s) during the day to think about other priorities and people in my life.

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Corporate Property Dispositions represented The Home Depot in the sale of 1.85 ac Outparcel in Holly Springs, GA

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Holly Springs GA Sale Photo 5.2016 - web

Keith Valentine of Corporate Property Dispositions, Atlanta, GA represented the Seller, The Home Depot, in the recent sale of 1.85 ac Outparcel in Holly Springs, GA, located at the intersection of Sixes Road and Holly Springs Parkway.  The Buyer, Ferber Development purchased the property and will be adding three new neighbors to this key intersection. Those neighbors are AT&T, Starbucks, and Taco Bell. The ground breaking on the AT&T/ Starbucks will start immediately, sources say. They will be joining The Home Depot and Northside Hospital offices on the NE quadrant of the I-575 & Sixes Rd. junction. This is another great sign that Cherokee County is growing, with Holly Springs being the middle of the county.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area.  As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you.  You can reach us at our Corporate office at 678-718-1884 or check us out on the web at cpdispo.com .

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Get to know our Team: Keith Valentine

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Keith Valentine

 

Keith Valentine is the Senior Vice President for Corporate Property Dispositions.  He has been working in the Commercial Real Estate Industry for over 30 years.  We will get a chance to learn more about him through these next 10 questions.

How did you get into Commercial Real Estate?

I joined CB Commercial right out of MBA school.

Do you focus on one aspect/industry of Commercial Real Estate?

Retail, mostly.

Can you tell us a bit more about your experience prior to joining CPD?

At CB Commercial worked in Retail Sales, then was Sales Manager, Downtown Office.  Then promoted to Regional Marketing Director followed by Divisional Director, Retail.

At Home Depot I was recruited to set up a national disposition program and hire a team of people to cover properties in 35 states.

Have you worked with any companies that we would recognize through the years?

Home Depot, CB Commercial, Belk, Hobby Lobby, FedEx, Storage Deluxe, Philadelphia Phillies, Best Buy, Target and some smaller sites with Discount Tire and Chick-fil-A among others.

Can you recall any specific experiences in this industry that helped to shape you into the broker you are today?

Working with teammates, at CB I tried to work a deal with each Retail colleague, then one deal a year with an outside specialty.

At Home Depot I enjoyed making all types of transactions in diverse national markets.  One thing I did there and continue here at CPD is leveraging with talented co-brokers on the local level.

Who was the most influential person or persons to you in your career in Commercial Real Estate?

Nelson Brown was a great early mentor to me.  He taught me was to be honest in all things, be loyal to your company.

Do you have any quotes or motto’s that you live by?

Treat others as you would like to be treated.

Can you offer any words of wisdom to those just getting into the Commercial Real Estate field?

Show up, do your best.  Be consistent, work a plan. Leverage your skills with good partners.

Any additional keys to success you would like to share?

It is the client, the client, the client.

Just for fun, what gets you through the day? Coffee, tea, water or something else?

Water

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Get to know our Team: Ken Stephens

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Ken-Stephens-web-readyKen Stephens is the Managing Principal for Corporate Property Dispositions.  He has been working in the Commercial Real Estate Industry for 34 years.  We will get a chance to learn more about him through these 10 questions.

How did you get into Commercial Real Estate?

I learned Coldwell Banker (now CBRE) was opening an office in Tampa. After interviewing and testing, I joined as a retail property specialist.

Do you focus on one aspect/industry of Commercial Real Estate?

Retail property and retail tenant representation.

Can you tell us a bit more about your experience prior to joining CPD?

In 2011, I established the affiliate company to CPD, Retail Property Advisors, prior to that I was a partner at Capstone Group which was a Tampa based real estate company specializing in retail anchor tenant representation and the acquisition and development of retail.  Previous to joining Capstone Group, I spent ten years in the real estate department at The Home Depot, most recently serving as the corporate officer overseeing all store development activities in the Western, Northwest, Southwest and Canadian Divisions.  Prior to that position I was the Western Division Director of Real Estate and Florida Real Estate Manager, during this time I was able to be involved in the development of more than 475 Home Depot stores and the disposition of approximately 100 surplus properties.  Before joining Home Depot, I spent 12 years with CBRE as a retail sales and leasing specialist.

Have you worked with any companies that we would recognize through the years?

Home Depot, Kohl’s, BJ’s Wholesale Club, Safeway, and PGA Tour Superstores, just to name a few.

Can you recall any specific experiences in this industry that helped to shape you into the broker you are today?

Assisting Safeway with their expansion into Florida in 1983 was a terrific opportunity to represent a national anchor tenant and to learn multiple Florida markets.

Who was the most influential person or persons to you in your career in Commercial Real Estate?

Actually, there are three.  Nelson Brown (Atlanta) was a great mentor when I joined CBRE.

Jim Fassio (now with Ross Dress for Less) was the Safeway real estate manager for their Florida expansion back in 1983. He taught me how to assess potential sites and how to negotiate real estate economics and documents.

Bryan Fields was my mentor and senior leader at Home Depot. Among many things, he greatly helped me learn and understand real estate strategy from a retailer’s perspective.

Do you have any quotes or motto’s that you live by?

Nothing worthwhile happens by accident.

Can you offer any words of wisdom to those just getting into the Commercial Real Estate field?

Find an industry mentor and follow their direction – they know what they’re doing.

Any additional keys to success you would like to share?

People prefer to do business with others that they know, like, and trust.

Just for fun, what gets you through the day? Coffee, tea, water or something else?

Coffee.

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One broker’s opinion on the State of the Disposition Market

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I had a chance to sit down with Keith Valentine this week and ask him about what he is currently seeing in the real estate industry within the dispositions arena.  Keith has been in the Real Estate industry for over 30 years and focusing on dispositions for the last 18 years.  He has seen the market in a number of different states and sheds some light for us on what he is currently experiencing.

Keith, what would you say is the overall feel of the real estate market for dispositions?

In order to answer this you have to look at Land and Building separately as well as look back to what the market was. For land during the recession no one needed outparcels because they needed a loan. So unless they were self-financed there wasn’t much movement. Now the market is broad and deep and we are getting a lot of calls on our inventory.  As for our buildings there was less demand due to corporate slow down during the recession. Now they are in demand, and due to their good locations, we are very busy.

Do you see any particular industries growing over others?

Everything seems to be growing and moving more than it has been and certainly more than in the Great Recession. For the outparcels, I have seen new fast food and fast casual concepts growing as well as the traditional fast food. In addition to those, cell companies, dental, automotive, dollar stores, and to a limited degree the banks and financial services.  For our buildings I think the question is more “Who’s back?” and I think that is the craft stores like Hobby Lobby & Michaels, sporting goods, and home decorating stores.  Shopping centers have just started building again in the last 24 months and they still want to be grocery anchored.  The specialty grocery industry is also launching their smaller cost-effective brands that are geared toward millennials.

In contrast have you seen any industries whose growth has slowed or stopped all together?

I would say that I’ve noticed industries that have had to re-vamp their approach due to the changing climate like those in the electronics, computer and office supply segments.

Final question, compared to this time last year what changes are you seeing?

Pricing of property and space have increased to the point that it makes you think “What Recession?” and activity has increased accordingly.

Thank you Keith for sharing your insight with us.  He wanted to leave us with one final thought, there is still going to be a greater demand for better sites.  Overall, it seems like the market is only getting better every day, things are adapting to the new consumer demands and marketplace but still moving and good product will always move.

 

By Keith Valentine and Amy Marrs

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Corporate Property Dispositions represented EverBank in the sale of 50,400 SF former Sports Authority on 5 acres in Morrow, GA

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Morrow GA Former Sports AuthorityKeith Valentine of Corporate Property Dispositions, Atlanta, GA represented the Seller, EverBank in the recent sale of a 50,400 SF former Sports Authority building on five acres of land. The Buyer, local developers, RRB Development purchased the property for creative use. They are looking to take this well constructed building and convert it to climate control storage by adding a mezzanine level to the current building. Within the five acres they are additionally including a restaurant. RRB Development researched the demographics for the area and the market needs. Upon inspection of the research they decided to pursue providing a premium storage facility to the area. The property is a former Sports Authority on Mt. Zion Rd. within the busiest retail concentration in Clayton County, just off I-75. It is well positioned with Home Depot, Publix, Ross & AMC surrounding as well as a strong restaurant presence in the area.

 

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area. As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you. You can reach us at our Corporate office at 678-718-1884 or check us out on the web at cpdispo.com .

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Corporate Property Dispositions along with Morris and Campbell represented Home Depot in $8,000,000 sale of 14 ± Acres in East El Cajon, CA

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Ken Stephens of Corporate Property Dispositions, Tampa, FL and Mike Morris of Morris and Campbell, Coronado, CA represented the Seller, Home Depot U.S.A, Inc. in the recent sale of 14 ± Acres of vacant land in East El Cajon, CA. The Buyer, Priest Development Corporation represented themselves in the transaction. Priest has an approved map for 139 single family residences to be developed on the property. The development, known as Bella Terrazza Homes, will break ground in second quarter of 2016 and will be accepting reservations for home sites at that time. Priest has been an active home builder in east San Diego County for over 30 years and has developed over 50 properties in Santee and El Cajon. Founded in 1983, Morris and Campbell is a commercial brokerage company specializing in the marketing of shopping centers and commercial land in San Diego and Riverside counties – and retail tenant representation in multiple western states.

Corporate Property Dispositions is a Commercial Real Estate Company with offices in Atlanta, Tampa and the Greater Los Angeles area. As experts in real estate dispositions, retail, as well as all aspects of commercial real estate; CPD understands the complexity of the business and can apply the expertise they have gained with over a 100+ years of combined experience, for you.

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CPD and the Rotella Group Represent Home Depot in the Sale of 2.55 Acres in Hialeah Gardens, Florida

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FOR IMMEDIATE RELEASE

Hialeah Retail Map

William J. Rotella and Steven M. Miller of The Rotella Group, Inc., Fort Lauderdale, FL, and Ken Stephens of Corporate Property Dispositions represented the Seller, Home Depot U.S.A., Inc. in the recent sale of 2.55 +/- Acres of Vacant Land located at Okeechobee Road and NW 138th Street in Hialeah Gardens, Miami-Dade County, Florida.

PROPERTY:
2.55 +/- Acres Vacant Land
Okeechobee Road & NW 138th Street
Hialeah Gardens, Florida 33018

Square Footage: Land: 2.55 +/- Acres
Sale Price: $1,700,000
Buyer: Jose Cruz
Seller: Home Depot U.S.A., Inc.
Seller Rep: The Rotella Group, Inc.
Broker: William J. Rotella / Steven M. Miller
Seller Co-Broker: Ken Stephens / Corporate Property Dispositions

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