CBRE is pleased to announce that Matthew Gorman, Michael Shover, Marc Mandel and Stephen Schrenk of CBRE’s Mid-Atlantic Net Lease Property Group continue to be market leaders in the net lease investment sales industry through the third quarter of 2017.
During the third quarter, the team successfully closed 29 transactions, totaling $92,410,796 in value. These most recent transactions spanned across eleven states andwere a mix of restaurants (16, totaling more than $48,000,000), medical offices, automotive shops, drug stores, dollar stores and bank branches. One of the most notable transactions delivered in the third quarter included the sale of a Bassett Furniture store in King of Prussia, Pennsylvania for $11,750,000.
“With a focus on net lease investment sales, our business continues to flourish partly due to diversification across product types within the net lease segment of the industry,” said Gorman.
“As our client’s businesses and tenant relationships have evolved with new players in existing sectors and alternative uses such as medical, we too have worked hard to adapt and understand these new opportunities so we can continue to deliver market leading results,” added Shover.
Since January 1, 2017, Gorman, Shover, Mandel and Schrenk have closed on 94 transactions, totaling more than $255 million in sales volume, making this one of their most successful years to date through the first three quarters. Earlier this year, GlobeSt.com’s Real Estate Forum ranked the team number six on its annual top investment sales broker list of 2016.
Matthew Gorman and Michael Shover, both Senior Vice Presidents, lead CBRE’s Net-Lease Property Group Mid-Atlantic Team along with Marc Mandel, a First Vice President and Stephen Schrenk, an Associate. The team specializes in the marketing and sale of single and multi-tenant net-lease investment real estate. In their twelve-year history, the team has sold well in excess of $1.5 billion in net lease properties nationwide.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.
