CBRE Group, Inc. (CBRE) is pleased to announce that Matthew Gorman, Michael Shover, Marc Mandel and Stephen Schrenk of CBRE’s Net-Lease Property Group have closed 65 transactions valued over $163 million year-to-date, 19 of them in the second quarter of 2017. Additionally, the team has been ranked number six nationally by GlobeSt.com’s Real Estate Forum on their annual top investment sales brokers list of 2016. Each year, GlobeSt.com and the nationwide trade publication, Real Estate Forum, honor the most successful investment sales brokers in the country based on total dollar value. Since their move to CBRE in January of 2015, Gorman and Shover have grown CBRE’s Mid-Atlantic presence in the net-lease space to one of dominance in the industry.
In Q2 2017 alone, the team closed 19 properties totaling $52,384,372. The 19 properties—consisting of a mix of restaurants, convenience stores/gas stations, discount stores, auto parts, bank branches and drug stores—spanned across six different states, including 11 in Pennsylvania and two in New Jersey.
Notable deals delivered in Q2 2017 include an Orchard Supply Hardware in Naples, Florida for $16.85 million, CVS Pharmacy in Quakertown, Pennsylvania for $6.66 million and a Bank of America in Folsom, Pennsylvania for $3.82 million.
“Despite the rollercoaster ride in the interest rates market since the election and the issues that have plagued certain sectors of the retail industry, we’re pleased with our strong start in 2017,” said Gorman. “It’s an honor to be recognized by a national publication like Real Estate Forum for our 2016 performance. However, at this point we’re focused on executing for our client’s again in 2017, despite some of the challenges we face in the current market,” added Shover.
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.
