Calkain Companies
 | |
| Company type | Defunct |
|---|---|
| Industry | Commercial property |
| Founded | 2005 |
| Founder | Jonathan Hipp |
| Defunct | February 2020 |
| Headquarters | Herndon, Virginia, U.S. |
Number of locations | New York City Fort Lauderdale Atlanta Boston Philadelphia |
Area served | United States |
Key people | Jonathan Hipp, President & CEO Patrick Nutt, Managing Partner |
| Services | Broker |
Calkain Companies was a company that provided services, primarily brokerage, to the commercial real estate industry. It was based in Herndon, Virginia, and focused on buildings that were leased to single tenants. In February 2020, the company was dissolved and its employees joined Avison Young.[1]
History
After working in commercial property for over 20 years, Jonathan Hipp founded Calkain Companies in 2005.[2]
In January 2013, the company brokered the sale of 7 stores in Orlando and central Florida leased to Applebee's for $18.5 million.[3]
In June 2014, Calkain brokered the sale of a store leased to CVS Health in Tysons Corner for $27.4 million, or $1,915 per square foot, the highest net lease sales price in the Washington metropolitan area. Calkain held the previous record with a sale of a store leased to Starbucks in Washington, D.C. for $1,672 per square foot.[4]
In December 2018, the company listed a store in Adams Morgan leased to Wawa.[5]
In September 2019, the company brokered the sale of a CVS in Cleveland Park for $15 million, or $1,714 per square foot.[6]
In February 2020, the company was dissolved and the employees joined Avison Young.[7][1][8]
References
- ^ a b Cooper, Rebecca (February 11, 2020). "Calkain Cos. will shutter as founder, key staff join Avison Young". American City Business Journals.
- ^ "Jonathan Hipp Forms Calkain Realty Advisors, Inc.; Firm to Initially Focus on Net Lease Real Estate Transactions" (Press release). Business Wire. January 26, 2005.
- ^ "Applebee's portfolio trades for $18.5 million". American City Business Journals. January 15, 2013.
- ^ "Calkain Cos. sells CVS drugstore in a record-breaking, net-lease deal". Virginia Business. June 5, 2014.
- ^ Neibauer, Michael (December 5, 2018). "Adams Morgan condo freshly leased to Wawa to be listed for sale". American City Business Journals.
- ^ Banister, Jon (September 3, 2019). "Cleveland Park CVS Property Sells Below Asking Price For $15M". Bisnow Media.
- ^ Banister, Jon (February 10, 2020). "Net-Lease Firm Calkain Cos. To Shut Down As Founder Joins Avison Young". Bisnow Media.
- ^ LORIA, KEITH (February 12, 2020). "Calkain Founder Shutters Firm and Heads to Avison Young". Observer Media.