May 23, 2018
The Society of Industrial and Office Realtors announced its Top 20 Investment Transactions Award Winners of 2017. The awards are presented to the largest investment sales transactions, ranked by dollar volume, completed by SIOR members worldwide. This year, 600 SIOR members reported 267 investment deals, totaling $4.4 billion [US] in the industrial, office, and alternative asset sectors.
SIOR’s Del Markward (pictured above right) says “Last year saw some of the largest investment transactions ever reported to SIOR. Commercial real estate transaction volumes in the United States exceeded expectations in the first quarter of this year, and we are eager to see our members contribute to this trend and continue to facilitate transactions at this record-setting level.”
The largest transaction of 2017, both by dollar volume and square footage, was arranged by CBRE’s Jack Fraker (pictured above left), who arranged the $475 million sale of 7,796,633 square feet of industrial space across the Atlanta, Chicago, Dallas, Houston, Columbus, and Memphis markets. This is one of the largest SIOR Transactions ever reported. Fraker was responsible for eight of the Top 20 Investments last year, totaling $1.12 billion and nearly 16 million square feet.
Among the other top deals were:
– Block Real Estate’s Kenneth Block arranged a $305 million office investment deal in Overland Park, KS
– Colliers International’s Mark Kolsrud and David Berglund earned two Top Investment Transactions awards from SIOR for a total of $285 million, in arranging industrial investment deals across multiple markets
– JLL’s Mark Detmer, and Bo Mills completed two transactions for a total of $252 million, in arranging industrial investment deals in Las Vegas and San Diego
For a complete list of the 2017 Top 20 Investment Transactions of 2017, please click here.
For comments, questions or concerns, please contact Dennis Kaiser