Announcement

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

TCN Worldwide Deals, Industry News and Highlights
 
 TCN netWORKING
  TCN Assignments
 
Closed Assignment!

Hanna Commercial Real Estate/TCN Worldwide in Cleveland recently completed an assignment with Premier Commercial Real Estate Services/TCN Worldwide in Indianapolis! Anthony Delguyd at Hanna Commercial/TCN Worldwide initiated the assignment and worked with Thomas Ferguson at Premier Commercial/TCN Worldwide to represent the buyer in this transaction.

  CRE Industry News, Top Stories


Demand for Industrial Space Is Slowing Down. But It’s Still a Landlord’s Market

Wealth Management Real Estate: While rising inflation and weaker consumer spending are having an impact on industrial property fundamentals, the comparisons are to record highs in occupancy and rent growth.


Office Timesharing On The Rise As Companies Lock In Hybrid Schedules

Bisnow: As more companies solidify their hybrid work schedules, it is becoming clear that multiple days per week, their offices are going unused — which opens up possibilities.


Cost-Saving Strategies for Commercial Real Estate Managers

Commercial Real Estate Executive: Expert insights on best practices amid owner mandates and rapidly changing patterns of office use.

  TCN News, Deal Announcements & Member Highlights


Long & Foster Commercial/TCN Worldwide’s Mark Miller Brokers $14.5M Commercial Deal In Loudoun County

Member Deal Announcement: Mark Miller brokered the $14.5M sale of The Shops at Moorefield Center in Loudoun County, Virginia. ​​​​The property is located near Metro’s Ashburn Station and has potential for future redevelopment. The 15+ acre commercial center currently houses a now-closed grocery store, and it is located close to the Ashburn Station of Metro’s Silver Line. Its proximity to the Metro station places it in one of Loudoun’s Urban Policy Areas, which means it’s eligible for future redevelopment into high-density residential and commercial.


Unique Properties/TCN Worldwide is Proud to Announce the Sale of a Multi-Tenant Industrial Investment Property in Lafayette, CO for $2.9 Million

Member Deal Announcement: 1363 Horizon Ave in Lafayette, CO sold for $2,970,000 ($190/SF) at a 5.7% Cap Rate. Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc. / TCN Worldwide, represented the Buyer & Seller in this transaction. The Buyer, based out of California, was in a 1031 exchange and was looking to begin investing in flex/industrial properties in the Colorado Market. The Seller, has owned the property for over 12 months and has signed new leases, increased existing tenants’ rents, and improved the property. The property is 100% occupied by three long-term tenants in 15,570 SF of flex space, with a split of 75% warehouse & 25% office throughout the building.


Landmark Commercial/TCN Worldwide’s Chuck Heller Achieves SIOR Designation

Member Deal Announcement: Landmark Commercial Realty in Harrisburg, PA is pleased to announce Chuck Heller, Executive Vice President, has achieved the Society of Industrial and Office Realtors® (SIOR) designation. “The SIOR designation is one of the highest designations to achieve in our industry,” stated Jason Grace, CCIM, SIOR, Landmark’s C.E.O & Managing Principal. “On behalf of the team at Landmark, I want to congratulate Chuck on this major professional achievement.”

 

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