DealPoint Merrill Closed Escrow on 67,000 S.F. Albertson’s Shopping Center for Redevelopment in Benbrook (Dallas), Texas

Los Angeles, CA – June 16, 2015 – DealPoint Merrill acquired the 67,000 square foot Albertson’s Shopping Center adjacent to Super Walmart, and located in a major retail corridor of Benbrook, a suburb of Dallas, Texas. DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale.

SVNIC and DealPoint Merrill Join Forces to Create National Co-investment Platform

May 19, Los Angeles, CA and Boston, MA – Sperry Van Ness International Corporation (SVNIC), one of the most innovative commercial brokerage firms in North America, with approximately $9.1 billion in annual sales volumes and 190 national sales offices, announces the formation of an internal private equity firm with DealPoint Merrill. The new partnership, which will operate under the name of SVN DealPoint Merrill Realty Partners was conceived to capitalize on SVNIC’s access to investment opportunities, which will then be matched by DealPoint Merrill’s development experience.Kevin Maggiacomo, President and CEO of SVNIC, explains that “the collective goal of the new partnership is to build preeminent investor value by acquiring co-investment assets which are fundamentally sound, but undervalued.” Kevin continues to point out, that “our investment objective is to acquire turn around assets capable of quickly generating superior cash on cash returns, coupled with the assurance that profits can be reinvested upon disposition to mitigate taxation.” Mr. Maggiacomo continues by saying, “we are fortunate to partner with gifted professionals who bring a vast amount of experience and good judgment.”David Frank, the Chief Executive Officer of DealPoint Merrill, echoes Mr. Maggiacomo’s thoughts by saying “as co-investors in our transactions, our first priority is capital preservation. We seek to acquire assets at deeply discounted prices; thereby creating an immediate margin of safety for investors.” He continues by saying “On a risk-adjusted basis, we prefer apartments, multi-tenant retail, self-storage and medical properties. The new partnership will secure multiple rounds of real estate equity investment with the first tranche of approximately $100 million in the first year to acquire properties in the name of the partnership.”

About Sperry Van Ness International Corporation

Sperry Van Ness International Corporation (SVNIC), a commercial real estate brokerage franchisor headquartered in Boston, MA, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, Sperry Van Ness® Commercial Real Estate Advisors provide sales, leasing, and property management services to more than 5,550 clients worldwide. SVN® Advisors also represent clients in auction services, charter schools, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, single tenant investments. All Sperry Van Ness offices are independently owned and operated. For more information, visit http://www.svn.com.

For more information, contact:
David Frank, Esq.
310-671-3900
dfrank@dealpointmerrill.com
www.dealpointmerrill.com

DealPoint Merrill Closed Escrow on 40,480 S.F. Nanuet Marketplace for Redevelopment in Nanuet, New York

Los Angeles, CA – April 20, 2015 – DealPoint Merrill acquired the 40,480 square foot Nanuet Marketplace, a commercial building located in the retail and business district of Nanuet, New York.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was completed by Jason Limbert of DealPoint Merrill.

DealPoint Merrill Closed Escrow on 116,134 S.F. former Wal-Mart Super Center for Redevelopment in Joliet, Illinois

Los Angeles, CA – February 3, 2015 – DealPoint Merrill acquired the 116,134 square foot former Wal-Mart Super Center adjacent to Sam’s Club, and located in the central business district of Joliet, Illinois.  DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was completed by Jason Limbert of DealPoint Merrill.

DealPoint Merrill Closed Escrow on 60,870 S.F. Shopping Center in Phoenix, Arizona

Westridge Park Plaza shopping center, located in the northwest business district of Phoenix, Arizona

LOS ANGELES, CA – DealPoint Merrill closed escrow on Westridge Park Plaza shopping center, located in the northwest business district of Phoenix, Arizona on September 4, 2014. This is the 5th commercial property that DealPoint Merrill has closed in the last few months. The established 60,870 SF retail shopping center is shadow anchored by two other major tenants.

Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. The acquisition was completed by Jason Limbert. Mike Gustafson, President of Sperry Van Ness®/DealPoint Merrill Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation, and Dan Gootee of Countrywide were the brokers. Gregg Corlyn of First American Title Company handled the title and escrow for the transaction, and financing by Thorofare Capital, Inc.

About DealPoint Merrill DealPoint Merrill, LLC is an owner and operator of “value added” real estate opportunities and a sponsor of real estate investment offerings. Based in Los Angeles, DealPoint Merrill is a strategic alliance partner with Sperry Van Ness Real Estate for co-investment opportunities and development services. For more information visit our website at: www.dealpointmerrill.com

 

DealPoint Merrill Closed Escrow on 123,141 S.F. Shopping Center in St. Charles, Missouri

DealPoint Merrill closed escrow on a vacant Kmart anchored center for their new redevelopment project 

Los Angeles, CA – May 30th, 2014, DealPoint Merrill purchased the 151,396 SF Bay View Plaza shopping center previously anchored by Kmart, and is scheduled for redevelopment.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mark Mimms of Sperry Van Ness®/DealPoint Merrill Properties Corporation, and Mark Yadisernia of Sperry Van Ness-Rich Investment Real Estate Partners were the brokers. The transaction was financed by Rodeo Capital.

DealPoint Merrill Closed Escrow on a 151,396 S.F. Retail Center in Saginaw, Michigan

DealPoint Merrill closed escrow on a vacant Kmart anchored center for their new redevelopment project 

Los Angeles, CA – May 30th, 2014, DealPoint Merrill purchased the 151,396 SF Bay View Plaza shopping center previously anchored by Kmart, and is scheduled for redevelopment.

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mark Mimms of Sperry Van Ness®/DealPoint Merrill Properties Corporation, and Mark Yadisernia of Sperry Van Ness-Rich Investment Real Estate Partners were the brokers. The transaction was financed by Rodeo Capital.

DealPoint Merrill Closed Escrow on 53,401 S.F. American Mini Self-Storage in Tucson, Arizona

LOS ANGELES, CA – DealPoint Merrill closed escrow on May 14th, 2014 for the 53,401 SF American Mini Self-Storage facility located in central Tucson. The property, was acquired through a partnership with Realty Mogul, DealPoint Merrill and the Platinum Storage Group, and approved for expansion and immediate development in 2014.

Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation was the broker. First American Title Company, represented by Gregg Corlyn, handled the title and escrow for the transaction, and was financed by Towle Financial Services.

DealPoint Merrill Closed Escrow on 120,700 S.F. National Road Plaza Shopping Center in Columbus, Ohio

LOS ANGELES, CA – DealPoint Merrill closed escrow on National Road Plaza in the central business district of Columbus, Ohio on May 7th, 2014. The property, a 120,700 SF shopping center previously anchored by Kmart is scheduled for redevelopment in 2014.  Located in a strong retail corridor, the newly developed $400 million Hollywood Casino adjacent to the property has set the pace for the areas diverse district with additional offices, retail, banking, dealerships, hotel and convention space planned.

Dealpoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mike Gustafson, President of Sperry Van Ness ®/DealPoint Merrill Equities, an affiliate of DealPoint Merrill assisted with the investment capital. Mark Mimms of Sperry Van Ness/DealPoint Merrill Properties Corporation, and Mark Yadisernia were the brokers. First American Title Company, represented by Gregg Corlyn, handled the title and escrow for the transaction, and was financed by Rodeo Capital.

Sperry Van Ness International Corporation and DealPoint Merrill set to open their new national equities platform in Los Angeles, CA

LOS ANGELES, Oct. 18, 2013 /PRNewswire/ — Sperry Van Ness International Corporation (SVNIC), one of the most innovative commercial real estate firms in North America with approximately $7 billion in annual sales volumes, continues its forward thinking by expanding its national equities platform via a strategic alliance with DealPoint Merrill.

As a strategic alliance partner, DealPoint Merrill Equities, a subsidiary of DealPoint Merrill and an affiliate of DealPoint Merrill will provide Sperry Van Ness® advisors’ and their clients with value added real estate co-investment opportunities and development services.  Based in Los Angeles since 1985, DealPoint Merrill has established an enviable track record of success with a scope of operations encompassing development, acquisitions and property management for its own account. The managing members are David Frank and Sterling McGregor. The managers individually have over 28 years of commercial real estate and capital markets experience. Michael Gustafson is serving as the President of DealPoint Merrill Equities, and will direct the new partnership. You can contact Michael at dealpointmerrill.com with any questions.

Mr. Kevin Maggiacomo, President and CEO of Sperry Van Ness International Corporation (SVNIC) says, “We are proud to have DealPoint Merrill as a strategic alliance partner. The DealPoint Merrill executive team are gifted professionals who bring a vast amount of knowledge and good judgment to our clients and colleagues.” He continues by saying, “We continually strive to provide the highest level of service and find new ways to add value for our clients. We believe our relationship will increase the preeminence of the Sperry Van Ness brand of innovative thought leaders.”

David Frank, CEO for DealPoint Merrill says “We believe there is considerable demand for redevelopment and adaptive reuse real estate investments designed for Sperry Van Ness advisors and 1031 exchange investors.” He continues by saying, “our investment philosophy is rooted in acquiring value added properties at deeply discounted prices; thereby creating an immediate margin of safety for our investors. With our first priority being capital preservation, we look to quickly add investment value through adaptive reuse or redevelopment strategies. We then sell our co-investment properties, once we stabilize operating performance, and market conditions make sense.”

Sterling McGregor, the company’s Chief Investment Officer, echoes Mr. Frank’s thoughts by further saying “As a co-investor in our transactions, we look to acquire investments where we can quickly maximize value, then refinance or sell the property providing for a prompt return of investment capital.” He continues the thought by saying, “Our exit strategy is keenly focused on keeping what we have made. Consequently, we provide exit strategies designed to protect our investor’s hard won profits. Secondly, we focus on proven asset types that will provide a strong margin of safety in case the market changes.”

About Sperry Van Ness International Corporation

Sperry Van Ness International Corporation, a commercial real estate services franchisor, is the 10th most recognized commercial real estate brokerage in the U.S., according to the annual Lipsey Survey. The Sperry Van Ness organization includes more than 175 locations in 36 markets. With headquarters in Irvine, Calif., Sperry Van Ness Commercial Real Estate Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information, go to www.svn.com.