Maurer explains, "The Bernwood portfolio is a one-of-a-kind acquisition."
Naples, FL (PRWEB) March 29, 2014
CRM Companies, Inc. is pleased to announce the $20 Million acquisition of the Bernwood portfolio of commercial properties in Bonita Springs, FL. CRM was represented by Michael Maurer, Broker Associate, of Engel & Völkers Olde Naples.
Maurer is a Naples native and has been practicing real estate in Southwest Florida since 2004. Maurer offers his clients the highest level of professionalism and unparalleled knowledge of the local real estate market.
The acquisition is an opportunistic purchase of 9 quality retail, office, and industrial developments approximately 212,000 square feet, along with strategically located vacant improved commercial acreage approximately 70 acres.
Maurer explains, "The Bernwood portfolio is a one-of-a-kind acquisition. The properties have prime locations, superior construction and design, and extraordinary zoning and development rights. CRM and I look forward to the repositioning of the properties. We will be offering unmatched leasing opportunities in the coming months and anticipate bringing Bernwood back to being the number one spot for Bonita Springs business."
This acquisition complements other acquisitions CRM has made in Southwest Florida in the last 2 years. CRM will open an office in Bonita Springs, adding to its Cleveland and Tampa area locations. Prior to and upon their arrival in Bonita Springs, CRM will work with the Bonita Springs Estero Economic Development Council to enhance the positive impact and growth their commercial acquisition will have on the region.
Brian Intihar, Principal of CRM Companies, Inc. says, “We see this as a strategic opportunity to solidify our presence in the SWFL market. SWFL is a market where we have a long history. It is an acquisition opportunity that we have not seen in at least a decade. We look forward to repositioning these quality properties and thereby adding value not only to the Bernwood portfolio, but also to the community of Bonita Springs.
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About CRM Companies, Inc.
Based in Cleveland for more than thirty years, CRM Companies, Inc. began as a commercial appraisal firm and quickly became one of the largest in the Midwest. The services offered by the company have expanded to engage all phases of a property’s life cycle from initial evaluation to long-term property management. These comprehensive services are managed by a team of professionals whose collective knowledge and interdisciplinary approach streamline processes and catch things that typically fall through the cracks. CRM facilitates the ambitions of others who desire to create and maintain great places, as well as self-initiate projects. CRM is adept at evaluating, acquiring, and repositioning office, retail, and residential properties including historic and mixed-use urban properties. When combined, the services offered by CRM Companies, Inc. provide integrated solutions to any real estate, design, and construction needs.
About Engel & Völkers
Since its beginning in 1977 as a specialty boutique providing exclusive, high-end real estate services in Hamburg, Germany, Engel & Völkers has become one of the world’s leading companies specializing in the sale and lease of premium residential and commercial property and yachts. Engel & Völkers currently operates a global network of over 4,500 real estate advisors in 516 residential brokerages and 45 commercial offices spanning 38 countries across six continents, offering both private and institutional clients a professionally tailored range of luxury services. It established its North America corporate headquarters in 2007 and opened its first brokerage in the same year. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and tools; multiple platforms for mobile, social and web; as well as access to its global network of real estate professionals, property listings and market data. Engel & Völkers is an active supporter of the Fair Housing Act and the Equal Opportunity Act. Each brokerage is independently owned and operated.
About Bonita Springs Estero Economic Development Council
The Bonita Springs / Estero Economic Development Council is organized to build a place to live and work that is economically diverse with a year-round economy that also enhances the environment and reflects the character of the inhabitants of the Bonita Springs / Estero, Florida areas. For more information visit http://www.BonitaEDC.com or contact Christine Ross at (239) 333-2332 and Christine(at)BonitaEDC(dot)org.