ERES Sale of Commercial R/E over $1M Sq Feet

ERES Companies (ERES) announced the successfully completed sale of 17 commercial real estate assets located in key domestic energy markets. The portfolio includes industrial and office campus locations, land, multifamily and single-family product types totaling over 1.4 million square feet and 1,280 acres.
ERES Managing Brokers Tom Bradley, Mike Elliott, and David Pearson, in partnership with JLL's Dan Bellow, Michelle Lopez and RJ Sarkaria, represented the seller, a Fortune-500 international energy services company, in nimbly completing the following transactions.
1. Meeker, Colorado | Industrial and Land2. Grand Junction, Colorado | Administrative and Industrial Campus3. Ft. Lupton, Colorado | Administrative and Industrial Campus4. Williston, North Dakota | Administrative and Industrial Campus5. Williston, North Dakota | Industrial and Rail Services6. Williston, North Dakota | Apartments & Townhomes Complex7. Williston, North Dakota | Portfolio of 26 Single-Family Homes8. Minot, North Dakota | Industrial Campus9. Dickinson, North Dakota | Administrative and Industrial Campus10. Richardton, North Dakota | Rail Transload Facility11. Vernal, Utah* | Industrial Campus12. Pampa, Texas | Industrial13. Odessa, Texas | Administrative and Industrial Campus14. Mission, Texas | Administrative and Industrial Campus15. Caldwell, Texas | Administrative and Industrial Campus16. Casper, Wyoming | Industrial17. Boulder, Wyoming | Industrial*Co-Brokered with Utah Representation
These notable transactions bring ERES' 2020 – 2022 YTD total closed contract value to $53.7 million.
"To successfully close this number of properties, during a weakened economy no less, is a testament to the hard work and expertise of the ERES brokerage team and partnership with JLL who collectively worked tirelessly on behalf of our client," says ERES President Tom Bradley. "Energy markets can offer incredible investment opportunities, but they are also highly challenging given their boom-and-bust nature. We absolutely relied upon our deep experience and connections in these rural markets to make these deals come to fruition."
For information on ERES brokerage capabilities, please visit erescompanies.com/brokerage.
ABOUT ERES COMPANIESERES Companies delivers full scale real estate solutions to organizations and investors across the globe, with particular emphasis on emerging, secondary, and tertiary markets. Our expertise is multifaceted, providing clients with invaluable insights across a variety of disciplines including brokerage, investment and development, project management, construction, property management, and workforce housing. With ten offices in North and South America, including our newest offices in Sarasota, FL and Bozeman, MT, ERES is growing and adapting to the ever-changing needs of our clients, partners and their communities. For more information, visit https://www.erescompanies.com.

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