Volume 71 Number 1
1st Quarter 2012
Departments
4
President’s Message
PROFESSIONAL REPORT STAFF
Richard E. Hollander, SIOR, FRICS
Executive Vice President
and Editor-in-Chief
Alexis Fermanis
Senior Director and Editor
Michael Topp
International News
Evan Gardner
Chapter News
Member News
Kourntey Frawley
Young Professionals
Nick Kinni
Content and Layout
34
Chapter News
36
Chapter Scholarship News
38
Member News
40
Welcome New SIOR Members
42
SIOR Legacy Circle
46
Foundation Legacy Society
47
Legislative Update
48
Member 2 Member (Cooperative) Transactions
50
SIOR Foundation President's Message
ADVERTISING
Direct all inquiries to
Alexis Fermanis
Director of Communications
SOCIETY OF INDUSTRIAL AND
OFFICE REALTORS®
202.449.8226
52
Commercial Real Estate Index: Fourth Quarter 2011
56
SIOR Meetings and Programs Calendar
Professional Report feels that the information contained in this publication is accurate. However, the
information is not guaranteed and the SOCIETY OF
INDUSTRIAL AND OFFICE REALTORS® (SIOR) does not
assume any liability or responsibility for any damages, real or imagined, resulting from inaccurate
or erroneous information. Views expressed are not
necessarily those of SIOR.
Professional Report, a publication of the SOCIETY OF
INDUSTRIAL AND OFFICE REALTORS® (ISSN: 1067–4764)
is published quarterly by the SOCIETY OF INDUSTRIAL
AND OFFICE REALTORS® of the NATIONAL ASSOCIATION OF
REALTORS®, 1201 New York Avenue, NW, Suite 350,
Washington, DC 20005-6126. www.sior.com
Professional Report magazine is a benefit of
SIOR Membership. The member rate for additional subscriptions is $35.00. Non-member
yearly subscriptions are $45.00 (U.S.) and $55.00
(International). Advertising and subscription fees
are not considered charitable contributions.
Periodical postage is paid at Washington, DC,
and additional mailing offices. POSTMASTER:
Send address changes to Professional Report,
SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®, 1201
New York Avenue, NW, Suite 350, Washington, DC
20005-6126.
Copyright® 2012 SOCIETY OF INDUSTRIAL AND OFFICE
REALTORS®. No part of this publication may be reproduced in whole or in part without written permission.
Chapter & Member News
Direct all Member News items, event description, and Chapter News items to Michael Topp,
Membership Director, mtopp@sior.com
Reprints and Permissions
For permission to reprint material from
Professional Report, send a written request indicating material and issue date to Alexis Fermanis,
Director of Communications, afermanis@sior.com,
202.449.8226.
www.sior.com
2011–2012 OFFICERS
Geoffrey E. Kreusser, SIOR, FRICS
President
Terry E. Smith, SIOR, CCIM
President- Elect
Mike Hillis, SIOR, CCIM
Vice -President
Del C. Markward, SIOR
Treasurer
David J. Zimmer, SIOR, FRICS
Immediate Past President
Joseph L. Steffner, SIOR, CCIM, CPM
Speaker of the
Council of Chapter Presidents
EDITORIAL ADVISORY BOARD
John S. Filli, SIOR
NAI Horizon
Phoenix, Arizona USA
Cyndie W. O’Bryon, SIOR
Grubb & Ellis Co.
Cleveland, Ohio USA
Michael Cook, SIOR
Equis Corp.
Indianapolis, Indiana USA
Gary Schacker, SIOR
United Realty
Melville, New York USA
Donn M. Sullivan, SIOR
Grubb & Ellis
Portland, Oregon USA
Colliers International | Dallas / Fort Worth
Allen Gump, SIOR CCIM
Over 25 years of experience in industrial brokerage
serving the Dallas / Fort Worth metroplex
Allen Gump, SIOR, CCIM
DIRECT 214 706 6024
allen.gump@colliers.com
www.colliers.com
Park Seventeen | 1717 McKinney Avenue, Suite 900 | Dallas, Texas 75202
