NAI Kilpatrick Attracts 'Top Talent'

NAI Kilpatrick attracts top talent from multiple San Francisco bay area firms. End Quote

Oakland, CA (1888PressRelease) August 23, 2011 - NAI Kilpatrick, a full service commercial real estate brokerage with offices in Oakland and San Francisco, California, has added several industry veterans to their roster of experienced sales and leasing professionals. President James Kilpatrick states that "This is a small indication of major things to come."

Kilpatrick points out that the firm is "extremely pleased to welcome these respected and seasoned brokers to our team" and points out that he expects several more additions over the coming months, "continuing to improve the quality and breadth of service for our clients."

Richard Ehmer joins NAI Kilpatrick as a senior vice president in the hospitality group following a career of more than 25 years at Marcus & Millichap Real Estate Investment Services. There he was a first vice president and senior director of the national hospitality and gaming group. He founded the Ehmer Group in 2010, a hospitality brokerage and consulting company. "This is a tremendous time to be in the hospitality brokerage business," Ehmer says. "Until recently market factors have kept hospitality transaction flow to a minimum. This is an opportunity to leverage my long standing relationships with clients through a national and international platform as deal volume increases again."

Andrew Stoddard joins NAI Kilpatrick as a vice president. Previously with ProLogis, Stoddard will continue to represent landlords and tenants, and will advise investors as well as owners/users in the East Bay Industrial market.

Benjamin Osgood joins as a VP of the office brokerage services team. In addition to his many civic roles, he has a substantial track record of tenant and landlord representation, with an emphasis on sustainable real estate strategies. He is LEED Accredited and is part of the US Green Building Council. "NAI's international platform will allow me to leverage more of my east bay relationships nationally at a time where tenants are consolidating, merging, and expanding geographically."

Matthew Brasler, most recently with Grubb & Ellis, has an extensive and successful office track record of tenant and landlord representation, according to Kilpatrick. He joins NAI in the San Francisco office services group advising building owners, tenants and developers.

Zach Minor has more than 10 years of experience in commercial brokerage and specializes in the leasing and sale of office properties. He joins NAI as a senior associate in the firm's San Francisco office. Patrick Metzger joins NAI Kilpatrick as an investment associate. Previously with Lee & Associates in Southern California, Metzger's focus will be industrial brokerage along the 880 corridor.

Other additions include Michael Azedillo, who will head the tax assessment appeals division for NAI Kilpatrick out of the San Francisco location, and Sasha Lawson joins NAI Kilpatrick as a marketing coordinator. Previously a marketing specialist with Cushman & Wakefield, Lawson will oversee marketing and public communications.

Princeton, NJ-based NAI Global expanded its coverage in northern California with the signing of Kilpatrick & Co. Brokerage earlier this year to serve the Oakland and San Francisco markets.

In addition to the new hiring announcements, NAI Kilpatrick recently sold an Office Depot located in Rohnert Park, CA. The 15,384 square foot building was purchased for $4.55 million with a 7.5% cap rate from an institutional grade tenant. Office Depot is supported by other major anchor tenants such as Starbucks, Hampton Inn & Suites, Burlington Coat Factory, Chase Bank, Big 5 Sporting Goods and several other recognized stores and food chains.

Kilpatrick points out that "This is another instance of a high quality asset getting a lot of attention when marketed fully and aggressively. We were able to have multiple interested parties and ultimately close the sale with a very strong buyer within about 2% of the asking price, within 120 days of taking it to market. This was a big win for both the buyer and the seller".
Financing was arranged by Piedmont Capital of San Francisco.

VP Nils Ratnathicam, who worked directly with the buyer, says "It was important to the borrower to secure a 10 year fixed loan despite their being only eight years left on the lease. The lending institutions the buyer worked with in the past turned down the unique request while Piedmont Capital was able to rescue the deal by not only securing a 10 year fixed rate loan but doing so at a better than market rate of 6.130% with a 25 year amortization."

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