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1 Even in our hot real estate market, not many brokers can say they moved nearly 2 million square feet of real estate last year in just a handful of deals.
But Cushman & Wakefield of Texas Inc.'s Jeffrey Stone, who specializes in investments, specifically the sale of office buildings, can.
Don't think he got a few contracts signed and spent most of 1996 lounging by the pool, however. As brokers in any other discipline can tell you, consummating a few big deals usually requires as much energy as consummating several smaller ones. In fact, it often requires more.
Stone's hard work found buyers to close several of last year's biggest office-property sales, including 500,000-square-foot NorthPark Central: the 180,000-square-foot Adolphus Tower; and the 500,000-square-foot 1615 Poydras building in New Orleans.
Perhaps his biggest deal, though, was the sale of the $90 million first-lien note on 1700 Pacific Avenue in downtown Dallas for pension fund …