WASHINGTON, March 22, 2018 /PRNewswire/ -- The Society of Industrial and Office Realtors® (SIOR), which represents the world's elite in industrial and office brokerage, today announced its Top Transactions Award Winners of 2017. The Top Transaction Awards are presented to the largest sales and lease transactions, ranked by dollar volume, completed by SIOR members worldwide. This year, 600 SIOR members reported 2,000 transactions, totaling USD $10 billion in leases and sales in the industrial, investment, office, land, alternative assets, and redevelopment sectors.
The largest transaction of 2017, both by dollar volume and square footage, was arranged by Jack Fraker, SIOR, of CBRE, who arranged the $475 million sale of 7,796,633 square feet of industrial space across the Atlanta, Chicago, Dallas, Houston, Columbus, and Memphis markets. This is one of the largest SIOR transactions ever reported.
"This has been an incredible year for SIOR transactions, and we want to congratulate all of our members for their successes in 2017," said Del Markward, SIOR's Global President. "The Top Transactions Awards Winners submitted some of the largest transactions ever recorded by SIOR, and, in an association that already consists of the absolute best of our industry, these members have truly distinguished themselves as premium producers."
Behind the largest transaction, the next largest transactions, all exceeding $88 million, were among the highest in the industry:
- Kenneth Block, SIOR, of Block Real Estate Services arranged the $305 million sale of 2,200,000-square-foot office space in Overland Park, Kansas;
- Mark Detmer, SIOR, and Bo Mills, SIOR, of JLL arranged the $196 million sale of 2,833,405-square-foot industrial space in Las Vegas;
- Barbara Johnson, SIOR, and Vic Galanis, SIOR, of CBRE arranged the $89 million lease of a 170,000 square-foot office space in Salt Lake City.
In total, 19 members won awards for 14 different categories. For a complete list of the 2017 SIOR Transaction Awards, click here.
About the Society of Industrial and Office Realtors
The Society of Industrial and Office Realtors® (SIOR) represents the world's elite in industrial and office brokerage. SIORs are held to the highest standard by completing thorough requirements and proving excellence in securing successful transactions. They are the most trusted resource in commercial real estate. SIOR is more than a designation, it's a symbol of excellence. It's a reflection of a global network of more than 3,000 industry leaders driven by camaraderie and innovation. SIORs value the power that comes with building relationships and sharing ideas that are on the leading edge of the industry. For more information, visit sior.com.
SOURCE Society of Industrial and Office Realtors