Broker Closes Four Deals Totaling $118 Mil in November

PORTLAND-Chris Johnson this month put himself in contention for another Broker of the Year award. Norris Beggs & Simpson’s newest partner was the lead broker in two investment sales and lease deals in November carrying an estimated deal value of more than $118 million.

“The stars were definitely aligned, especially in this environment,” Johnson tells GlobeSt.com. “It’s a good number on paper, but our philosophy here is that it’s a team effort; even though I may be point guy, credit should go to whole team,” which for investment sales always includes fellow NBS broker Gene Bentley.

On Nov. 12, GlobeSt.com broke the news that Johnson was the lead broker for Schnitzer Investment Corp’s $19-million acquisition of the 103,000-sf PGT Tower, but also represented Schnizter in Dave Evans and Associates’ 70,000-sf lease in the building. The term of the lease was not immediately available, but Johnson tells GlobeSt.com that Dave Evans’ commitment was integral to the sales transaction, which means the 300-person firm likely received a significant break on the initial $21 per sf NNN asking rate for the space. Assuming $18 per sf for five years, the deal value would be about $6.3 million.