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Ned Brooks | Colliers | Norfolk - Main

Ned Brooks

Senior Vice President

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About

Professional Summary

Ned Brooks joined the Retail Leasing and Sales Team of Hampton Roads in 1999. He develops and implements marketing strategies for shopping centers, property owners, buyers, and tenants by providing in-depth market analysis, site selection, lease and sales negotiation services. Ned was called on by Navy Federal Credit Union, the world’s largest credit union chain, for a major branch expansion in Hampton Roads and beyond. To date, he has completed over 30 branch locations. More recently, he was selected by Aldi US to assist with their grocery store expansion in the region. There are currently 15 completed transactions and more pending. In his over 30-year involvement in commercial real estate, he has exclusively represented over 50 centers in the Hampton Roads marketplace and served dozens of retailers in both Virginia and North Carolina. His assignments range from box disposition and general sales of land and buildings, to tenant representation and shopping center leasing.

Accomplishments

  • Virginia Wesleyan College, B.S.
  • Member, International Council of Shopping Centers (ICSC)
  • Licensed Real Estate Broker, Virginia
  • Limited Nonresident Commercial Real Estate Broker, North Carolina
  • Hampton Roads Commercial Real Estate Council Multi-Year Gold Award
  • Costar Multi-Year Power Broker Award

Education

  • Bachelor of Science, Virginia Wesleyan College
  • Licensed Real Estate Broker, Virginia

Memberships & Involvements

  • Member, International Council of Shopping Centers (ICSC) 
  • Limited Nonresident Commercial Real Estate Broker, North Carolina
  • Hampton Roads Commercial Real Estate Council Multi-Year Gold Award

My Team

Featured Research

Nov 2, 2020

Atlantic Park Development Passes Critical Milestone

Atlantic Park Development Passes Critical Milestone
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Jan 15, 2020

Norfolk Retail Q4 Marketview

Multiple Large Deliveries Highlight Strong Activity Within Norfolk Retail Market in 2019
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May 15, 2019

Norfolk Retail Q1 2019 Marketview

Market Overview The Norfolk retail market showed slight increases in vacancies throughout Q1 2019, ending the quarter with 207,908 sq. ft. of negative net absorption, which raised the vacancy rate 30 bps (basis points) to 5.9%. Average asking rents (NNN) ended Q1 2019 at $13.34 across all product types, which is a slight decrease of $0.30 quarter-over-quarter, however an increase of $0.77 year-over-year. Market rents have been increasing since the recession, and that trend is expected to continue in the near future. With the upcoming deliveries of IKEA and Wegmans, the area is showing that it can be attractive to selective, high-quality retailers. Both of these retailers are known for providing high-quality experiences within their stores, despite their products being the main drivers of business. They highlight the growing trend of experiential retail, which will likely continue gaining popularity as brick-and-mortar continues to evolve.
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Featured News

May 13, 2021

Colliers Announces the Sale of College Park Executive Center in Virginia Beach for $1.9 Million

Colliers is pleased to announce the sale of College Park Executive Center at 900 Commonwealth Place in Virginia Beach from Tri-City Properties LLC to CPPC9 LLC for $1.9 million.
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May 7, 2021

Colliers Facilitates Multiple Transactions Valued Over $3.5 Million

The transactions combined for a total of 69,606 square feet and are valued at $3,573,112.
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