|TCN Worldwide Deals, Industry News and Weekly Highlights|
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| TCN Worldwide Welcomes Vision Commercial as Its Newest Member Firm!|
TCN Worldwide is proud to announce the addition of Vision Commercial Real Estate as its newest member firm serving the DFW commercial real estate market. Founded in 2011, Vision Commercial is one of the leading full-service real estate firms in Texas and offers a wide array of commercial real estate brokerage and property management services across four offices throughout North Texas.
Vision Commercial offers a diverse spectrum of real estate brokerage services such as leasing, disposition, acquisition and tenant/landlord representation for retail, office, industrial, multi-family, investment properties, hotel, vacant projects/developments, and aviation. To learn more about Vision Commercial Real Estate, visit visioncommercial.com.
| CRE Industry News, Top Stories|
First Logistics Center @ 283 gets $40M Long-Term Lease
Central Penn Business Journal: Landmark Commercial Realty/TCN Worldwide Represented JAS Worldwide to secure the new space at the First Logistics Center. JAS Worldwide, a global leader in freight forwarding and logistics solutions, has committed to a long-term lease agreement for a 350,000-square-foot facility at First Logistics Center @ 283, Elizabethtown. The lease agreement has a total value of $40 million over the next decade, Landmark said.
Landlord-Tenant Partnerships Could Help Spur CRE Recovery in SF
TheRealDeal: Commercial industry leaders in San Francisco said proactive partnerships, flexible lease terms and greater civic engagement were the keys to turning around the city’s high commercial vacancy rates, especially in restaurants and retail.
The Real Star in Today’s Commercial Real Estate Market? Mixed-Use Developments
RE Journals: These are challenging times in the commercial real estate industry, with high interest rates slowing both the sales of existing commercial properties and the development of new ones. That doesn’t mean, though, that all asset classes are struggling equally. One of the more successful commercial asset types today? Mixed-use developments that combine multifamily, retail, office or other property types in one building.
| TCN News, Deal Announcements & Member Highlights|
Bradford Allen/TCN Worldwide in Chicago Completes 15,000 SF of New Leasing at Edens Corporate Center
Member Deal Announcement: Bradford Allen announced the leasing of 15,000 square feet at Edens Corporate Center in Northbrook, Illinois, a northern suburb of Chicago. Senior managing director Joel Berger represented ownership in an expansion for MyHome Protection and separate transactions that welcomed Cedar Pine Capital and Beyond Finance to the building.
Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $2.685M Office Campus in Lake Oswego, Oregon
Member Deal Announcement: ME2 Realty, LLC recently completed the $2,685,000 purchase of the Mountain Park Office Campus, located at 412 Jefferson Parkway in Lake Oswego, Oregon. Constructed in 1981, Mountain Park Office Campus is a two story, multi-tenant office campus totaling 16,085 square feet. Located in the desirable Mountain Park subdivision, this office campus provides convenient access to I-5 and the many amenities available on Kruse Way. Raymond Duchek and Thomas McDowell with Portland-based Norris & Stevens, Inc. represented the Seller in the transaction.
Moody Rambin/TCN Worldwide in Houston Celebrates Excellence: Jim Autenreith SIOR & Stephen Ghedi Win 2023 Broker of The Year and Most Significant Investment Sale Awards
Member Announcement: Join Moody Rambin in extending a huge congratulations to our REDnews Awards winners, Jim Autenreith SIOR & Stephen Ghedi! Jim Auternreith was named 2023 Broker of The Year as well as recognized along with Stephen Ghedi for the Most Significant Investment Sale of 2022. Jim and Stephen successfully sold a 113,0000 SF industrial property at 13600 Hempstead Rd.