NAI NBS Represents Buyer in $8.275M Purchase of Quad 205

NAI Norris, Beggs & Simpson Vice President Denis O’Neill and Vice President Steve Dodds represented Spears Real Estate, LLC in the $8.275 million purchase of Quad 205 Business Park, a 108,625 square foot landscaped business park in Vancouver, Wash. NAI NBS also took over building leasing and management in the trade.

The buyers are local private investors and were attracted to the property because of the mix of local and regional companies, according to Dodds. They feel the property has great long-term potential, which they can facilitate through personal attention and quick decision-making.

Built in 1983, Quad 205 comprises four buildings near the intersection of NE 112th and NE 39th Streets in the Orchards area, with easy access to I-205.

“Quad 205 is in a great location on the 112th Avenue corridor and offers high-quality light industrial space with nice office build-outs,” said NAI NBS Senior Salesperson Garret Harper, the leasing agent.

Spaces range from about 1,000 to 10,000 square feet, and some major tenants are Johnstone Supply, Thermal Supply and Automotive Electrical Distribution. Large industrial neighbors include companies like SEH America. Quad 205 has tilt concrete construction, dock and drive-in doors, and plentiful parking.

NAI NBS Property Managers Take Home IREM Awards

NAI Norris, Beggs & Simpson and three of its property managers were honored with awards at the Institute of Real Estate Management (IREM) Oregon chapter annual awards ceremony on Nov. 3 in Portland.

Associate Vice President Traci McCauley, CPM, was honored as Certified Property Manager of the Year. Property Manager Kathi Pearce was recognized as CPM Candidate of the Year. McCauley and Pearce work in NAI NBS’ Portland office. Senior Property Manager Kimberly Fuhrer, CPM, who works in the company’s Vancouver office, was recognized for Outstanding Member Participation of the Year.

NAI NBS was also recognized as Sponsor of the Year.

IREM has been the source for education, membership, resources and information for real estate management professionals since 1933. An affiliate of the National Association of REALTORS®, IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors. With a network spanning 81 US chapters, eight international chapters and several other global partnerships, its membership comprises over 18,000 individual members and 500 corporate members around the world.

NAI NBS President Hering Receives Award from Portland Business Alliance

J. Clayton Hering, President of Norris, Beggs & Simpson Companies, was honored with the 2009 William S. Naito Outstanding Service Award at the Portland Business Alliance’s Leadership Evening at the Portland Art Museum on Nov. 4.

The award recognizes exceptional leadership and service to the business community, and has been awarded to a member of the PBA since 1985. In the 1990s, it was renamed to honor the late Bill Naito, whose work exemplified the values the Alliance recognizes – community service, philanthropy and leadership. Past recipients include Fred Stickel, publisher of The Oregonian, the late Bob Gerding, cofounder of Gerding/Edlen Development Company, and Peggy Fowler, CEO of Portland General Electric.

Hering is active in a number of community organizations, and is a strong proponent of the arts. He is on the Portland Business Alliance Board of Directors, and is the Vice Chair of the Oregon Symphony Board of Directors. He is on the OHSU Foundation Board of Trustees, and has been involved with Young Audiences of Oregon/SW Washington and many other organizations.

Hering, a graduate of Dartmouth College, served in the United States Marine Corps for three years, including service in Vietnam where he attained the rank of Captain. He joined Norris, Beggs & Simpson Companies in 1972, was promoted to partner and regional manager in 1976 and became president in 1989. He oversees the company’s finance division, capital asset group and office and retail brokerage operations.

NAI NBS Adds Braam to Special in Sales of Special Assets

Sierk Braam has joined NAI Norris, Beggs & Simpson’s Vancouver office as a Real Estate Salesperson specializing in the sales of special assets. Braam joins NAI NBS' Special Asset Team, an existing team of brokerage professionals working with lenders on foreclosed or bank-owned properties, including subdivisions, entitled land, and improved properties in the Portland Metropolitan Area.

Most recently, Braam served as Vice President of Specialty Lending and Emerging Markets for National City Mortgage’s Western Division. He was responsible for managing specialty lending and emerging markets and increasing specialty production by at least 20% every year.

Braam holds a Bachelor of Arts from the University of Oregon, and a Master of City and Regional Planning from Ohio State University.