B+E brokered the largest commercial real estate transaction by a digital platform with the $324 million Cabela’s sale-leaseback in May 2019
DENVER, CO, October 07, 2019 /24-7PressRelease/ — B+E, the first brokerage and technology platform for net lease real estate, today announced the opening of their Denver office, located at 1550 Wewatta Street.
The Denver location joins existing B+E offices in New York, Chicago, Atlanta, San Francisco and Tampa and will be founded by Nolan Johnson. Nolan joins B+E after developing a software platform called SimpliDeferred that connects CRE investors with Qualified Intermediaries to complete 1031 Exchanges. Previously, he was an Associate Broker at NAI Highland Commercial Group in Colorado Springs, CO, and a top producing mortgage broker serving Colorado’s front range. He holds a B.A. in Economics from the University of Colorado and a Colorado real estate license.
“Colorado and the Western US are key markets for our growth,” said Camille Renshaw, CEO of B+E. “Nolan is a terrific partner for us as we list and sell properties with tenants such as FedEx, Home Depot, Taco Bell, Walmart, and Walgreens throughout the region.”
The Colorado triple net lease market is estimated to have a total market value of roughly $1.4T, with Denver experiencing year-over-year growth in net lease property sales of an estimated 210%. The segment consists of industrial, retail, office, and medical property types that have a single tenant.
Co-founded by CEO Camille Renshaw and President Scott Scurich in 2017, B+E is a modern investment brokerage firm, specializing in net lease real estate and 1031 exchange. B+E boasts the first triple net lease trading platform consisting of user-friendly dashboards, real-time predictive pricing and an AI-driven exchange — all leveraging the largest data set in the triple net lease industry. Buyers and sellers can conduct entire transactions online, reviewing real-time credit, news and tenant data while they trade, much like online stock trading platforms. Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies and stronger asset value.
In May 2019, B+E set the record for the largest commercial real estate transaction brokered by a digital platform with the $324 million Cabela’s sale-leaseback portfolio sale. The eleven Cabela’s properties represented more than 1.6 million square feet of space and an additional 277 acres of land nationwide.
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