Professional Documents
Culture Documents
Brandon Hanna, Ryan Vinco and Deno Bistolarides of Encore Real Estate Investment Services
represented the seller in the transaction.
Farmington Hills, MI, November 28, 2017 --(PR.com)-- Encore Real Estate Investment Services, a
national investment brokerage firm based in Farmington Hills, MI is pleased to announce the sale of a
Class A Single Tenant Office Building located in Bentonville, AR for $7,990,272.
The property, a mission critical facility, leased to Crossmark, Inc. was on an Absolute NNN with
approximately 12 years remaining at the time of sale. Both the primary and option periods included 2%
annual escalations providing the buyer protection against future inflation.
The Crossmark Center for Collaboration is a 18,562 Square Foot Office building equipped with modular
planning facilities and state-of-the art collaboration technology to carry out its mission-critical functions
with Walmart, ranked No. 1 on the Fortune 500 list. The property was located directly adjacent to
Walmart Headquarters in Bentonville, AR - the mission critical nature of the location generated
significant interest from qualified buyers across the country.
The seller, an East Coast Based partnership, was represented by Brandon Hanna, Managing Partner of
Encore REIS. Encore REIS generated interest from multiple buyer groups from across the country, which
enabled us to push the price and terms to the top of the market. Ultimately, the property closed at Full List
Price to an all cash 1031 exchange purchaser based in Southern California.
Our national reach continues to produce optimal results for sellers - Our ability to qualify prospective
purchasers continues to increase the probability for our Seller's transactions, said Brandon Hanna,
Managing Partner of Encore REIS. Deno Bistolarides, Managing Partner of Encore REIS, added, This
was an exceptional deal, it had all the qualities of a core asset, long term absolute net lease, a great story
in its relationship with Walmart and escalations throughout the lease to protect against inflation.
Led by Principals Brandon Hanna, Ryan Vinco and Deno Bistolarides, our team of distinguished brokers
has evaluated, listed, sold and marketed over $5 Billion dollars' worth of investment real estate nationally,
totaling over 700 transactions. We have a combined track record of investment real estate sales
experience spanning 50 years. Through this experience, we continue to execute transactions on behalf of
some of the most prominent developers, institutions, and private investors in the industry. As such, we
Page 1/3
PR.com Press Release Distribution Terms of Use
continue to build long-term relationships with the leaders in the investment community and grow our
global database of investors and developers, which enables us to provide our clients with real estate
investment services that are unmatched in the industry. We are results oriented - our advisors all have a
shared vision of excellence and a commitment to ensuring we are meeting our client's needs above all
else.
www.encoreinvestmentrealestate.com/
Page 2/3
PR.com Press Release Distribution Terms of Use
Contact Information:
Encore Real Estate Investment Services
Ryan Vinco
248-702-0299
Contact via Email
www.encoreinvestmentrealestate.com/
News Image:
Page 3/3
PR.com Press Release Distribution Terms of Use