Valparaiso, IN

Colliers Turley Martin Tucker, one of the nation's largest, full-service commercial real estate firms, announced today that the 24, 049 square foot Staples Office Superstore located at 2106 Morthland in Valparaiso, IN sold for $3,520,000. Robert W. Taylor, Jr., CCIM, of the Colliers Investment Services Group and Giorgio Karras of the Colliers Turley Martin Tucker Cincinnati office represented the seller JRAN Co. of Valparaiso, LTD. The buyer was Brauvin Net Lease, LLC.

"The Valparaiso Staples is an excellent addition to the Brauvin portfolio," said James L. Brault, President of Brauvin. "Staples investment grade rating of BBB will contribute to the overall strength of our portfolio. The property's location near Valparaiso University and a Super Wal-Mart adds to the property's inherent value. We believe this asset will be a strong, long-term performer."

About Colliers Turley Martin Tucker

One of the nation's largest privately held, full-service commercial real estate firms, Colliers Turley Martin Tucker (CTMT) handles more than $5 billion in annual real estate transactions and manages over 237 million square feet of industrial, office, and retail space. CTMT has approximately 1,300 associates, of which 505 are licensed real estate professionals, throughout its regional offices in Cincinnati, Columbus, and Dayton, OH; Indianapolis, IN; Kansas City, MO; Minneapolis/St. Paul, MN; Nashville, TN; and St. Louis, MO.

Contact Information

For More Information Contact:

Flannery Higgins, Marketing Manager

fhiggins@ctmt.com

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