TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

Closed Assignment!

Congratulations! MS&C Commercial/TCN Worldwide in Sarasota, FL completed an assignment with Florida ROI Commercial/TCN Worldwide in Tampa, FL.

Susan Goldstein, CCIM, MBA at MS&C Commercial/TCN Worldwide in Sarasota initiated the assignment and worked with Robert Werthman at Florida ROI Commercial Property Brokerage/TCN Worldwide in Tampa to complete the sale of this 1,982 SF medical office condo.

CRE Industry News, Top Stories

Return-to-Office Push Meets Hybrid Work Era

Commercial Property Executive: Companies are trying to bring employees back, while adapting workspaces to meet their evolving needs, according to the latest CommercialEdge report.

Investors Waiting To Deploy Billions In Dry Powder, Eying Value-Add, Opportunistic Strategies

Bisnow: With a widespread feeling of uncertainty about the trajectory of commercial real estate and the broader economy in the next few years, many CRE investors are waiting and watching with a pile of dry powder at the ready.

“Now Is The Time to Start To Look For Assets” Say Co-Founders of a New Real Estate Investment Platform

Wealth Management Real Estate: Recently launched Alpaca Real Estate plans to take advantage of the dislocation in capital markets to invest in sectors with strong operating fundamentals and drive alpha through “innovative operating platforms.”

TCN News, Deal Announcements & Member Highlights

Sitar Realty Company/TCN Worldwide Subleases 23,292 Square Feet of Refrigerated Warehouse Space in Clark, New Jersey

Member Deal Announcement: Sitar Realty Company is pleased to announce the successful subleasing of 23,292 square feet of refrigerated warehouse space in the industrial hub of Clark, New Jersey. William Sitar Jr. and John Cranley secured Maximum Quality Foods as the subtenant at 271 Central Avenue. Its convenient location to major highways facilitates seamless distribution and storage solutions for Maximum Quality Foods.

Represented by Forte Real Estate Partners/TCN Worldwide in Minneapolis-St. Paul, Retina Consultants of Minnesota Expands and Relocates in St. Cloud and Blaine

Member Deal Announcement: Retina Consultants of Minnesota (“RCM”), an independent eye practice specializing in the medical and surgical treatment of eye disorders involving the retina, macula and vitreous, announces the expansion of two clinic locations in Blaine and St. Cloud. Both clinics are expanding due to the addition of physicians to accommodate their patients. RCM was represented by Steve Brown, Forte Real Estate Partners, for market analysis, site selection and lease negotiations for both locations.

Shannon Waltchack/TCN Worldwide in Birmingham Acquires Former Bank Building to Add to Colonnade Portfolio

Shannon Waltchack recently added 3401 Colonnade Parkway, an 8,230 SF two-story former bank building to its portfolio. Shannon Waltchack owns the adjacent 127,031 SF retail development, Shops at the Colonnade, which was acquired in 2016. “We are excited to add this outparcel to the Shops at the Colonnade. This building, located at the intersection of Highway 280 & I-459, has great visibility and access. We look forward to adding to our already strong tenant lineup,” said SW President Andrew Patterson, CCIM, CPM.

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