REA - Real Estate Advisors, Albuquerque, NM

Read through the case studies in this section to learn about a few of our favorite success stories.

Corporate Service:

Sheet Metal Workers
The client had outgrown their facility and needed a larger facility, to sell their exising site and generate income from the leasing of excess space for future growth. The assignment was time sensitive the closings of both properties needed to happen almost simultaneously.
Mission Research
The Office and Industrial Team sold 1720 Randolph Road SE, a 55,000 square foot office/warehouse building located in the airport area in 1998.

Investment:

Coronado Center
Coronado Center is the largest Regional Shopping Mall in Albuquerque with over 1.1 million square feet of retail space. Heitman had owned this property for over twenty years and felt it was time to sell there only holding in New Mexico.
Zenith Court
Zenith Court is a 50,000 square foot inbound call center building located in Rio Rancho, New Mexico that was a design build for Gateway Computers.
Comanche Business Center
The client wanted to achieve the highest possible sale price but had a 24% vacancy in a market with an 8% overall vacancy and numerous leases quickly approaching the end of their term. The team needed to solidify the rent roll, prepare the property for disposition, and then take this asset to the market.
8801 Horizon Boulevard
The Owner of this 128,000 SF Class A Office Building was ready to take this property to the market. The property had a master lease with John Hancock which included four years of remaining term but the Tenant and vacated the building. The building had been back filled with five sub-tenants but all subleases were scheduled to expire simultaneously at the end of the Master lease. In addition, the property included an adjacent six acres of excess land with plans for a Phase Two building of equal size

Tenant Representation:

Thomson
Thomson is a world leader in providing integrated information solutions to business and professional customers. In 2003, a division of Thomson, Legal and Regulatory purchased an Albuquerque based legal software development company (Prolaw) along with a similar company (Elite) based in Los Angeles, California.
Cardinal Health
Cardinal Healthcare Financial Services occupied 100,000 square feet in a project where they had initially leased less than 10,000 square feet fifteen (15) years previously.
Blue Cross / Blue Shield
Blue Cross/Blue Shield of New Mexico is owned by the HCSC Corp of Chicago, which is the parent company for Blue Cross of Illinois, Texas, and New Mexico. As BC/BS has expanded its service area, it has created regional claims processing centers in other states similar to the requirement for New Mexico.
College of Santa Fe
The College of Santa Fe had grown their Albuquerque campus over several years in a facility that was not designed or modified to fit their specific needs for adult education classes. As a result, they were unclear as to what square footage was required in a functionally designed space and future growth had not been programmed into their requirement.

Property Representation/Agency:

McCanna Hubbell
The parntership wanted to sell this Historic Landmark Property in Downtown Albuquerque.
500 Marquette
500 Marquette, a prominent Downtown high-rise office building, had experienced high vacancy and needed a fresh approach to get the property leased.
Gateway Industrial
The client needed a property that would be economically viable, hit the market at the right time and create a long-term hold asset for the ownership.
Tower Crossing
The client wanted to take their exchange funds from a previous deal and identify a property with good potential up-side.

Consulting:

San Felipe Plaza
San Felipe Plaza was a struggling retail enclave comprised of six southwestern style buildings and a functional two story parking garage in the Old Town area of Albuquerque.
Rosenwald
The Rosenwald Building is a national historic building located on Central Avenue in Downtown Albuquerque that had been purchased by a local architectural firm.
Netherwood Commons
Our team worked closely with the ownership of Pebble, Ltd. in the development of Netherwood Commons, a +/- 92,000 square foot campus-style office complex contained in five buildings.






Read through the case studies in this section to learn about a few of our favorite success stories. Corporate Service: Sheet Metal Workers The client had outgrown their facility and needed a larger facility, to sell their exising site and generate income from the leasing of excess space for future growth. The assignment was time sensitive the closings of both properties needed to happen almost simultaneously. Mission Research The Office and Industrial Team sold 1720 Randolph Road SE, a 55,000 square foot office/warehouse building located in the airport area in 1998. Investment: Coronado Center Coronado Center is the largest Regional Shopping Mall in Albuquerque with over 1.1 million square feet of retail space. Heitman had owned this property for over twenty years and felt it was time to sell there only holding in New Mexico. Zenith Court Zenith Court is a 50,000 square foot inbound call center building located in Rio Rancho, New Mexico that was a design build for Gateway Computers. Comanche Business Center The client wanted to achieve the highest possible sale price but had a 24% vacancy in a market with an 8% overall vacancy and numerous leases quickly approaching the end of their term. The team needed to solidify the rent roll, prepare the property for disposition, and then take this asset to the market. 8801 Horizon Boulevard The Owner of this 128,000 SF Class A Office Building was ready to take this property to the market. The property had a master lease with John Hancock which included four years of remaining term but the Tenant and vacated the building. The building had been back filled with five sub-tenants but all subleases were scheduled to expire simultaneously at the end of the Master lease. In addition, the property included an adjacent six acres of excess land with plans for a Phase Two building of equal size Tenant Representation: Thomson Thomson is a world leader in providing integrated information solutions to business and professional customers. In 2003, a division of Thomson, Legal and Regulatory purchased an Albuquerque based legal software development company (Prolaw) along with a similar company (Elite) based in Los Angeles, California. Cardinal Health Cardinal Healthcare Financial Services occupied 100,000 square feet in a project where they had initially leased less than 10,000 square feet fifteen (15) years previously. Blue Cross / Blue Shield Blue Cross/Blue Shield of New Mexico is owned by the HCSC Corp of Chicago, which is the parent company for Blue Cross of Illinois, Texas, and New Mexico. As BC/BS has expanded its service area, it has created regional claims processing centers in other states similar to the requirement for New Mexico. College of Santa Fe The College of Santa Fe had grown their Albuquerque campus over several years in a facility that was not designed or modified to fit their specific needs for adult education classes. As a result, they were unclear as to what square footage was required in a functionally designed space and future growth had not been programmed into their requirement. Property Representation/Agency: McCanna Hubbell The parntership wanted to sell this Historic Landmark Property in Downtown Albuquerque. 500 Marquette 500 Marquette, a prominent Downtown high-rise office building, had experienced high vacancy and needed a fresh approach to get the property leased. Gateway Industrial The client needed a property that would be economically viable, hit the market at the right time and create a long-term hold asset for the ownership. Tower Crossing The client wanted to take their exchange funds from a previous deal and identify a property with good potential up-side. Consulting: San Felipe Plaza San Felipe Plaza was a struggling retail enclave comprised of six southwestern style buildings and a functional two story parking garage in the Old Town area of Albuquerque. Rosenwald The Rosenwald Building is a national historic building located on Central Avenue in Downtown Albuquerque that had been purchased by a local architectural firm. Netherwood Commons Our team worked closely with the ownership of Pebble, Ltd. in the development of Netherwood Commons, a +/- 92,000 square foot campus-style office complex contained in five buildings.

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