C-III Capital Partners Completes Acquisition of NAI Global

Blog post is from NAI Global

C-III Capital Partners LLC (C-III) announced today that it has completed its previously announced acquisition of NAI Global, the largest and premier network of independent commercial real estate firms worldwide.

C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS).

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth.  As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their great resources and expertise to help C-III clients strategically optimize their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.

NAI Global will continue to operate as a separate company under its current management. NAI manages a network of commercial real estate firms comprising 5,000 professionals and 350 offices in the US and 55 countries throughout the world.  NAI’s network members provide a full spectrum of corporate, financial, technology and project management services.

C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010.  Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.  In November 2011, C-III acquired two affiliated multifamily property management businesses – U.S. Residential Group and Pacific West Management – which now operate on a combined basis under the U.S. Residential Group name.

Financial terms of the NAI Global acquisition were not disclosed.

About C-III Capital Partners
C-III Capital Partners LLC is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.  Our principal place of business is located in Irving, TX, and we have additional offices in New York, NY, Greenville, SC, McLean, VA, Chicago, IL, Dallas, TX and Nashville, TN.

About NAI Global
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries in more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.

Contact NAI Daus 216 831 3310

Northeast Steel sells 21,400 SF Industrial Facility in Stow, Ohio

Robert Wetzel, Broker Associate at NAI Daus represented Northeast Steel and Machine Products Inc. in the sale of their facility located at 4500 Hudson Drive in Stow, Ohio. The transaction took less than 120 days from listing to closing.  Evant Inc., a residential provider for people with developmental disabilities, recently purchased the 21,400 square-foot industrial facility for their own use.  Jim Pickard of Pickard Commercial Group represented Evant Inc.

NAI Daus Completes Several Industrial Transactions

David Hexter, SIOR, Principal and Jeffrey Calig, CCIM, Vice President, both members of NAI Daus’ Industrial Team, recently brokered several transactions in the Southeast Submarket of Cleveland, Ohio.

They first brokered the sale of a 70,000 square-foot high-end industrial facility located at 29500 Fountain Parkway in Solon, Ohio.  Barudan America sold the facility to a local buyer.  Barudan America is now leasing 34,970 square-feet at 30901 Carter Street in Solon, Ohio.  Hexter and Calig represented Barudan America in the sale of 29500 Fountain Parkway and the lease at 30901 Carter Street.

Next, Hexter and Calig represented the seller of 8272 Bavaria Road in Macedonia, Ohio.  The 47,867 square-foot industrial facility, which sits on 5.11 acres, was purchased by Design Molded Plastics, an injection molding company that was founded in 1985.  They are staffed with 120 plus associates that manufactures, designs, and delivers industry leading polymer products.

Lastly, the team represented the landlord of 1263 South Chillicothe Road in Aurora, Ohio, in a 38,000 square-foot lease to a fortune 500 company, and the seller of a 12,069 square-foot industrial building located at 16780 Hilltop Park Place in Bainbridge, Ohio.

NAI Daus Commercial Real Estate, assisting with Industrial, Retail, Office, Investment, Land or Property Management needs.  216 831 3310

Bonded Chemicals Inc. Buys 44,325 SF Industrial Building in Medina, Ohio

909 West Smith, Medina, OH

Columbus-based Bonded Chemicals Inc. purchased the 44,325 square foot industrial building located at 909 West Smith Road in Medina, Ohio from Veolia ES Technical Solutions.

Bonded Chemicals Inc. is a chemical distribution company that serves a 10 state area throughout the Midwest and beyond.  Their new facility in Medina will provide them with rail service and better access to customers.  The facility was also originally constructed for chemical storage.

Bob Brehmer, CCIM and Managing Partner at NAI Daus states, “We sold the building to Veolia ES Technical Solutions in 2008, and it was a great pleasure to work with them again to sell the building to Bonded Chemicals Inc. The buyer acknowledged the value of the building and how to optimize the property for chemical distribution.”

Bob Brehmer, CCIM, Managing Partner and Lisa Trevino, Sales Associate at NAI Daus represented the seller, Veolia ES Technical Solutions in this transaction.

Cleveland’s NAI Daus recently completed a sale of Snap-On’ s Wooster facility to Wooster Growth Corporation.

Commonly known as the Bell and Howell plant, the 95,000-square-foot industrial facility is located in Wooster, Ohio. It will in turn be leased to ABS Materials. ABS Materials was approved for a redevelopment loan and a job-creation tax credit by the state of Ohio in September, which helped in securing the Wooster location. ABS is an innovator in the field of advanced filtration and separation.

This will allow ABS Materials to have its company headquarters in one space, and provide the opportunity to grow to 80 to 90 Wooster-based employees and 150 worldwide.

Justin Starlin, Wooster’s economic development administrator said, “When we talk about community development, an important part is establishing a good relationship with businesses already in the community, and ABS has been established as a rising star in the business world. Now we can secure them in Wooster for many years to come.”

Alec Pacella and Bill Sadataki, senior vice presidents at NAI Daus, represented Snap-On Business Solutions, while Wooster Growth Corporation was self-represented.