Albuquerque office space secured for Outcomes Health Information Solutions

May 26, 2010 at 7:41 am | Posted in Uncategorized | Leave a comment
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Sperry Van Ness®/Walt Arnold Commercial Brokerage, Inc. along with Matt Hart of Studley, Inc. represented Outcomes Health Information Solutions, LLC in securing a location at 7850 Jefferson NE, Albuquerque, NM.  Outcomes has occupied approximately 19,000 square feet in the Ashcraft Real Estate owned property. Outcomes has taken advantage of the sublease market and has taken over a space in the property formerly occupied by Lifemasters.  The space was in “move-in” condition, including furniture and infrastructure. Outcomes will eventually have 200-300 people at this location.

For more information on leasing, brokerage representation or other services through Sperry Van Ness, call (505) 256-1255 or email me at walt.arnold@svn.com.

Albuquerque Commercial Real Estate Report 5.17.10: The latest on BGK Group & others

May 24, 2010 at 2:43 pm | Posted in Radio Show Reports | Leave a comment
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>>> Click here to listen to the Commercial Real Estate Report for 5-17-10! <<<

Bob Clark, News Radio 770 KKOB: Walt there was some news last week about BGK Group, can you give us some details?

Sure good morning Bob.  BGK Group, which is the largest holder of commercial real estate in New Mexico with over 2 million square feet, was purchased by New York’s Rosemont Real Estate.  Rosemont acquired a 51% controlling interest and will rename the company Rosemont Realty LLC.  The headquarters will remain in Santa Fe.

The deal gives BGK a needed cash and management infusion.  The sale also helps with a succession issue as BGK leader, Eddie Gilbert is 88 years old.

The New Mexico holdings include 19 Albuquerque office buildings, 6 properties in Santa Fe and one in Hobbs. BGK is Rosemont’s first major acquisition.

Bob: Walt, what’s going on with La Bella Spa at ABQ Uptown, are they back in there space?

Yes, that’s an interesting deal and a sign of the times when a tenant vacates a property over a year ago; the space remained vacant until La Bella worked out a deal with the Landlord to go back into ½ of their original space.  The balance of the space will be leased to another retail tenant.  This is a creative approach to solving a problem by both the tenant and landlord to fill some vacant space.  Both Hunt Development and La Bella are happy to be back in ABQ Uptown.

Bob: What else do you have for us today? Continue Reading Albuquerque Commercial Real Estate Report 5.17.10: The latest on BGK Group & others…

Sperry Van Ness brokers assist in Albuquerque retailer expansion

April 28, 2010 at 12:22 pm | Posted in Uncategorized | Leave a comment
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Sperry Van Ness brokers Art Paterson and Greg Linde in our office recently assisted Shoe Box in relocating to 4850 Lincoln Road, under 13,500 sqft.

While many corporate retailers are downsizing, the Shoe Box have expanded into 13,500 square feet at 4850 Lincoln Road NE, just north of I-25 and Montgomery on Pan American Fwy. They offer wholesale pricing on shoes and accessories to the general public. Partner Greg Stovall credits their success to being able to offer the latest shoe fashions at warehouse pricing. The move was not only to increase exposure from I-25 but make access more convenient for his customers.

Art Paterson and Greg Linde of Sperry Van Ness represented the Shoe Box, Jim Smith and Keith Meyer of Maestas and Ward represented the Landlord.

For more information on leasing, brokerage representation or other services through Sperry Van Ness, call (505) 256-1255 or email me at walt.arnold@svn.com.

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