Sherwin-Williams renews DC lease
Princeton, N.J. NAI Global said Wednesday that NAI member firms in Dallas and St. Louis combined to represent The Sherwin-Williams Co. in the renewal and extension of its largest leased facility, a 1.2 million-sq.-ft. regional distribution center in Effingham, Ill.
Thomas Lynn, president of corporate services at NAI Robert Lynn, Dallas, negotiated the lease after an exhaustive process during which build-to-suits in several surrounding cities in Illinois and Indiana were considered. Lynn was able to secure facility improvements and economic incentives that will net Sherwin-Williams multi-million-dollar savings over the term of the lease. The transaction has an aggregate value in excess of $20 million. The three-building complex is owned by a private out-of-state investor.
Faith Hope Consolo Earns “Top Commercial Agent-GCI” Award
Faith Hope Consolo, chairman of Prudential Douglas Elliman’s Retail Leasing and Sales Division, was recognized by Prudential Real Estate Affiliates, Inc. as the “Top Retail and Commercial Agent – GCI” winner nationwide for her tremendous deal volume in the second quarter of 2008. This is the 14th consecutive quarter for which Consolo has received this distinction, having joined the firm in 2005.
“I am very proud to consistently rank at the top of Prudential’s distinguished roster of dealmakers,” said Consolo. “Throughout my rewarding career in retail sales and leasing, I have enjoyed not only bringing new trends to the city, but also transforming neighborhoods.”
Since joining Prudential Douglas Elliman, Consolo has assembled a dynamic, multitalented team to provide comprehensive retail leasing and sales expertise to an array of tenants and landlords, both nationally and internationally.
Marcus & Millichap announces execs
San Diego Marcus & Millichap Real Estate Investment Services said it has promoted Alvin Mansour to senior VP investments.
Mansour began his career with Marcus & Millichap in 2003.
The company also said it has named Michael Early as VP investments in the southern Virginia office, in Williamsburg.
Early joined Marcus & Millichap in 2000.