Wednesday, October 26, 2016

Milwaukee’s Siegel-Gallagher Brokerage Team Moves to Transwestern

Marianne Burish
CHICAGO, IL (oct. 26, 2016) – Transwestern today announces it has expanded its services throughout Southeast Wisconsin with the addition of the brokerage team from the former Siegel-Gallagher Inc., a 20-year-old commercial real estate firm based in Milwaukee.

John Dulmes, Daniel Walsh and Marianne Burish join Transwestern as executive vice presidents, while Shaun Dempsey serves as vice president.

“Already home to our national Sustainability Services group, Milwaukee is familiar territory for Transwestern and has long been viewed as a market with tremendous opportunity to grow our presence,” said Mike Watts, Transwestern’s Midwest president.

Dan Walsh
The Siegel-Gallagher team’s strong reputation and comprehensive experience throughout Southeast Wisconsin ensures our clients will receive the highest level of service from professionals who know the market better than anyone.”

Focused primarily on tenant advisory, agency leasing and investment sales in the office sector, Dulmes, Walsh, Burish and Dempsey to date have executed more than $1 billion in real estate lease transactions on behalf of building owners.

The team won the 2016 Deal of the Year Award from the Commercial Association of Realtors Wisconsin (CARW) for its representation of Bader Rutter & Associates in a 60,000-square-foot headquarters lease at 1433 N. Water St. in downtown Milwaukee.

John Dulmes
Representative clients include Ascension Health/CSM, BMO Harris Bank, Time Warner Cable, Medtronic, Alliant Energy Corp., Shorewest Realtors, Robertson Ryan and Associates, and Sprint Corp., along with a host of local and regional companies and investors.

“Transwestern provides our team the national resources to further grow our brokerage operations and strengthen our long-term client relationships here in Milwaukee,” said Burish.

 “We are excited to join a firm that is dedicated to the same culture, values and commitment to providing exceptional client service as we are.”

For a complete copy of the company’s news release, please contact:

Gretchen Muller
Taylor Johnson Public Relations

Shopoff Realty Investments Acquires Hebron Heights Retail Center in North Dallas, TX Suburb

William Shopoff
DALLAS, TX (Oct. 26, 2016) – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has acquired* a 36,000-square-foot retail center in the northern Dallas suburb of Carrollton, Texas, for approximately $8.1 million.

The property, Hebron Heights, is located at 1012 W. Hebron Parkway in the North Carrollton submarket of the Dallas-Fort Worth metropolitan area.

 Anchored by Pet Supplies Plus, the retail center is approximately 100 percent leased to a mix of national, regional and local tenants. Hebron Heights was constructed in 2004 on 8.04 acres of land located less than one mile east of the Sam Rayburn Tollway.

“Hebron Heights is in a great location surrounded by homes and is in close proximity to other major retailers with the potential to draw additional patrons to the shopping center,” said William Shopoff, chief executive officer of Shopoff Realty Investments. 

“Currently fully leased with a number of tenants paying below market rents, 50 percent of the tenants’ leases expire within five years, providing an opportunity for additional cash flow via re-leasing.”

For a complete copy of the company’s news release, please contact:

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701

BKM Partners’ Debut Fund Acquires 18th Industrial Business Park Asset in Tukwila, WA for $19.8 Million

Andover Executive Park, Tukwila, WA
            Tukwila, WA (Oct. 26, 2016) – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has acquired Andover Executive Park, an eleven-building multi-tenant industrial business park encompassing 181,163 square feet in the Kent submarket of Tukwila, Washington. The asset was acquired in an off-market transaction for $19.8 million.

            This acquisition comes on the heels of BKM’s acquisition of Tukwila Commerce Center, which is located adjacent to the property and marks the firm’s 18th acquisition in its debut fund, according to Brian Malliet, CEO and Co-Founder of BKM Capital Partners.

Brian Malliet
            “The Kent industrial submarket is one of the most dynamic in the entire U.S.,” says Malliet. “Currently ranked as the third largest industrial market in the country, Kent’s quality market fundamentals continue to dominate the region. Industrial vacancy remains extremely low, net absorption is positive and rents continue to steadily rise.

" We recognize the deep value potential in this market, and plan to capitalize on the momentum of this rapidly growing region through increasing our investment throughout the Seattle area.”

Malliet explains that BKM’s strategy is to acquire value-add multi-tenant light industrial assets in strong growth markets across the Western U.S., such as the Seattle metro area, that provide a tremendous opportunity for value creation.

            “Our hyper focus on multi-tenant light industrial product allows us to identify, source, and acquire properties that will ultimately deliver the best yields to our institutional investment partners,” says Malliet. “Based on this niche focus and our deep knowledge of the market, we were able to acquire the Andover Executive Park well below peak prices and replacement cost, providing a significant opportunity for generating a strong ROI.” 

 For a complete copy of the company’s news release, please contact:

Lexi Astfalk/Jenn Quader
Brower, Miller & Cole
(949) 955-7940