CORFAC News

Contact:
Brady Welsh
Bitzer Real Estate Partners/CORFAC International
bwelsh@bitzerrep.com 303.296.8500

Denver, CO (September 14, 2012) – In a transaction that was referred by a CORFAC International affiliate in Detroit, MI, Bitzer Real Estate Partners/CORFAC International announced today that Brady Welsh, an investment specialist with Bitzer, has represented GreenPath Debt Solutions in the sale of a 7,559-square-foot office building located at 1247 Riverside Avenue, Fort Collins, CO. Terms of the sale were not disclosed.

The buyers, Melott Buildings LLC, intend to remodel the property to accommodate a new Little Bears Daycare center. Melott Buildings, LLC was represented by Michelle Hickey-Crawford with the commercial division of RE/MAX Alliance Inc. It will be the third Little Bears Daycare center in Ft. Collins. The company operates one at 1900 South Lemay Avenue and another at 2551 Hampshire Road.

Welsh collaborated with Gary Grochowski, SIOR of L. Mason Capitani/CORFAC International in Michigan who represents GreenPath nationally and has been assisting the company with the realignment of their real estate portfolio across the country.

“This is a great example of the benefits of a national affiliation like CORFAC International,” said Welsh. “Serving more than 150 markets worldwide allows us to efficiently maintain multi-market relationships with our clients while providing a high level of service.”

GreenPath, which is based in Farmington Hills, MI and is one of the nation’s largest non-profit credit counseling agencies, is relocating their offices in Ft. Collins and will continue to offer debt solutions to the regional community.

GreenPath has grown in recent years due to the economy and also by acquiring similar firms. Grochowski and L. Mason Capitani/CORFAC International were originally hired to sell GreenPath’s Farmington Hills headquarters (which it did), a 36,000-square-foot office building. To accommodate its growth, GreenPath built a new, 125,000-square-foot headquarters nearby. Grochowski also worked with a CORFAC affiliate in San Antonio, TX to identify a capable broker in Corpus Christi, and sold an office building there. Grochowski is currently co-listing a 10,000-square-foot office building for sale in Concord, NH and working with James Stubblebine of The Stubblebine Company/CORFAC International to execute the disposition.

About Bitzer Real Estate Partners
Bitzer Real Estate Partners/CORFAC International is a Denver based full service commercial real estate company founded in 1995. Bitzer offers expertise, experience and exceptional performance in Landlord/Seller Representation, Tenant/Buyer Representation, Corporate Services, and Commercial Real Estate Advisory Services for Office, Industrial and Land properties. Bitzer is also a proud member of CORFAC International (www.CORFAC.com). This relationship provides Bitzer Real Estate Partners with the national presence of over 50 offices in North America and over 20 offices internationally; and the capabilities for multi-market acquisition, disposition, and tenant representation assignments. For more information visit: www.BitzerREP.com.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.