NAI Global ISG Division President, Tim Feagans, in collaboration with NAI Fortis’ Jon Seiz and Mark Wardlaw, represented the seller during the sale of the 130,000-square-
“Our client was under a short timeline to sell the property, and NAI Global ISG was able to deliver results as well as maximize the value of the property,” said Feagans.
Joe Cicardo, senior vice president for NAI Global ISG, represented the owner in the sale of two Winn Dixie grocery stores in Slidell, La. The single-tenant, net-leased properties each totaled nearly 44,790 square feet.
“Market interest rates increased by more than one-half of a percentage point after the property went under contract, but despite this obstacle, our team was able to close the transaction at an excellent value for our client,” said Cicardo.
The NAI Global Investment Services Group is a division of NAI Robert Lynn and is comprised of a senior team of national investment brokers based in Dallas. The team operates under the umbrella of the NAI Global platform through the NAI Global worldwide network and currently has close to 3 million square feet on the market across the country. The division is actively recruiting investment specialists. For more information contact, Tim Feagans at (214) 256-7100 or visit www.isg.naidallas.com.
About NAI Robert Lynn
NAI Robert Lynn specializes in providing commercial brokerage and consulting services including tenant representation and owner representation for office, industrial and retail properties, property management, investment sales and purchases. The company has been ranked in the top five of the Costar ranking of Dallas/Fort Worth (DFW) brokerage firms based on commercial square footage leased every year since the rankings began. NAI Robert Lynn has been providing its clients with superior service and market knowledge of the DFW area for 51 years. This is evidenced by the 2012 results, closing 727 transactions totaling nearly 19 million square feet, and managing more than nine million square feet of commercial properties. To learn more, visit www.robertlynn.com.
About NAI Global
NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 325 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.