Ed Hoel Receives TBJ SPACE Award for Largest Sale of the Year

Online, February 25, 2010 (Newswire.com) - Largest Commercial Real Estate Deal in Raleigh-Durham

The transaction that garnered Hoel's award was the acquisition by EMC Corporation of its new facility on Surles Court in Durham. EMC, the world leader in information infrastructure, needed additional space for the expansion of its operations in the Triangle. With over 19 years of commercial real estate experience, Hoel represented EMC in their purchase of the 450,000-square-foot industrial building, a transaction that closed at $22.6 million.

"Servicing EMC on a transaction of this size is one of the highlights of my career and a testament to our office's potential," said Hoel. Hoel credits his team and the strong connections with affiliate CresaPartners offices. Hoel holds the CCIM (Certified Commercial Investment Member) and SIOR (Society of Industrial and Office REALTORS) designations, which are conferred to only 6% and 2%, respectively, of the commercial real estate practitioners nationwide.

The SPACE Awards are distributed annually through the Triangle Business Journal and honor the most notable commercial real estate deals. The awards honor the Triangle-area's commercial real estate leaders.

About CresaPartners
CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Management. With more than 50 offices, CresaPartners is the largest tenant representation firm in North America. Internationally, CresaPartners covers more than 125 locations in 35 countries.