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Terrie Hertweck | Colliers | Albuquerque

Terrie Hertweck

CCIM

Vice President | Albuquerque

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About

Professional Summary

With 26 years of experience in commercial leasing, investment sales, land development, and raw land sales, Terrie welcomes new opportunities and challenges as a reputable real estate professional and brings many personal qualities as well as an impressive track record to the table.
 
As a Vice President with the Collier’s International bokerage team, Terrie specializes in investment property transactions as well as retail, industrial and office leasing.  Her expertise in the Albuquerque market includes exclusively representing Wal-Mart since 1999 with excess properties in New Mexico.
 
Terrie has sold some of the largest neighborhood shopping centers in Albuquerque including; Wyoming Mall ($9,500,000), Market Center East ($12,000,000), Atrisco Plaza, Fiesta Crossings and Rio Grande Plaza, along with several office complexes including Montgomery Business Park and Candelaria Business Center. She has sold over 300 storage units, several raw land parcels and has handled pad site sales to national retailers such as Walgreen’s, Starbucks Coffee and Furniture Row.
 
Over the past 10 years, Terrie has become personally involved with development from the ground up as well as with renovation and restoration of older existing properties. She developed Cinema Center, an 11,000SF specialty strip center located off Jefferson and I-25, after purchasing the ground in 2003. In July 2007, she sold Cinema Center on a 6.4% cap rate. 
Terrie is currently renovating two 1940’s buildings in the downtown area located across from the Federal Courthouse. She represented her family trust in purchasing a 15,000 sq.ft. warehouse at Paseo del Norte and I-25 and owns approximately 2 acres at I-40 and Paseo del Volcan; both for future development.
 

Accomplishments

First broker in the country to be awarded out-sourcing by Wal-Mart becoming their exclusive representative
To date she has successfully sub-leased or sold just under One Million (1,000,000) SF for Wal-Mart
NAIOP Retail Project of the Year Award of Excellence: 2005

Education

B.S. Business Administration, University of Phoenix
Licensed New Mexico Associate Broker

Memberships & Involvements

CCIM, ICSC, LIN, CARNM

Clients

Wal-Mart, RBS Markets & International Banking, Cal-Lin Center, Calvary Chapel, Cohousing of Abq, Bataan Military Academy, AmerAsia Sumo Sushi Restaurant, America Federation of Teachers

Testimonials

“Terrie is a dynamic, broker with impecable integrity. If you believe creative, innovative, win-win solutions are important in today’s marketplace, you won’t find a better broker to work with.”

Crista Benavídez
President, Nativó Design LLC

 

Services

Service Lines

Capital Markets

Property Type

Retail, Office

Specializations

Sustainability Group

Featured Research

Sep 1, 2021

Q2 2021 Albuquerque Retail market report

Market shifting to smaller, more focused inventory with flexibility the name of the game -- The effects of the post-lockdown turnaround are starting to be seen in the Albuquerque market. Second quarter of 2021 saw a positive absorption of 146,086 square feet, with creative deals and changing uses shifting the retail market inventory in new ways.
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Apr 30, 2021

Q1 2021 Albuquerque Retail market report

An abundance of retail activity in 2021’s first quarter -- The first quarter of 2021 has shown that the retail market isn’t down for the count yet, with an abundance of activity, announcements, and an overall positive absorption of 52,350 SF.
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Feb 26, 2021

Q4 2020 Albuquerque Retail market report

The future of retail is morphing as we speak -- The fourth quarter of 2020 had an overall negative absorption of 20,953 SF, continuing a trend that occurred through most of 2020 in the New Mexico market.
Read More
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