CBRE's Gorman and Shover Sell 80 Properties Worth More Than $273 Million

Michael Shover, left, and Matt Gorman, senior vice presidents at CBRE

PHILADELPHIA— CBRE senior vice presidents Matthew Gorman and Michael Shover notched 80 sales worth $273.3 million since January 1. The eighty properties, most classified as “net lease”, were a mix of restaurants, convenience store/gas stations, discount stores, auto parts, bank branches and drug stores, spanning across twenty-three states, including seventeen transactions in Pennsylvania and four in New Jersey. “Since moving over to CBRE in January of 2015 we have focused on growing our business and bolstering our capabilities so we can handle more opportunities and it’s paying off on the production side,” says Shover . “It’s a favorable market coupled with a lot of hard work which has resulted in our best start ever in 2016,” says Gorman . “The plan is to continue to deliver best-in-market results for our existing clients and work to develop new relationships along the way.” Gorman and Shover lead CBRE’s net-lease team, specializing in the marketing and sale of single and multi-tenant net-lease investment real estate. In their ten-year history, the team has sold more than $1 billion in net lease properties nationwide. Gorman and Shover both joined CBRE in 2015. Gorman started his career in investment sales at Marcus & Millichap. He holds a BA in Business Administration with a concentration in Marketing and a minor in Psychology from Drexel University in Philadelphia, PA Shover also worked for Marcus & Millichap, and was a commercial real estate lender with a regional commercial bank in Baltimore. He holds a BA in Business Administration from Bucknell University.