Geoff Tranchina (middle right photo) and Scott Tiano (middle left photo) of Wilson Commercial Real Estate’s Investment Sales Group represented the buyer in the transaction.
“In this environment, the most difficult aspect of getting an investment deal done is confidence with both parties. Buyers are concerned that the asset will be worth less in a week, and sellers are concerned that the property is being sold for too little.”
Tranchina went on to say that until pricing stabilizes in the broader marketplace, buyers will have to be able to effectively underwrite with limited comparable sales data to draw from with the belief that their assumptions are correct.
The property features unobstructed panoramic views of the Gateway Arch, the Mississippi River and the City skyline and provides an unmatched amenity base inclusive of an on-site Bank of America retail branch, a full service cafeteria and covered access to the connected parking structure.
Geoff Tranchina and Scott Tiano, principals of Wilson Commercial Real Estate’s Investment Sales Group, closed more than $80 million in commercial investment sales in 2009. Tranchina and Tiano will focus in 2010 on conducting privately negotiated transactions between institutional sellers and professional, private investors.
The company currently represents more than 8 million square feet of retail space in approximately 90 properties throughout West Coast. In 2008, Wilson Commercial Real Estate formed an Investment Sales Group that provides a complete range of investment sales services for their clients’ acquisition and disposition requirements.
For more information, please visit www.wcre.net / or call 800-630-4424.
Contact: David Ebeling, Ebeling Communications, (949) 278-7851, david@ebelingcomm.com
LOS ANGELES, CA, Aug. 5, 2009 – Wilson Commercial Real Estate, Southern California’s leading retail brokerage firm, had a successful first half of 2009, despite the adverse effects the economy had on the retail sector of the commercial real estate industry.
