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Colliers agents throughout United States team up on 16-property portfolio sale


$100M investment deal attracts buyers from throughout the country

PHOENIX - Colliers in Arizona, in conjunction with Colliers agents throughout the U.S., is pleased to announce the $100+ million sale of a nationwide 16-property portfolio sold by a private investment fund. The grouping of assets included charter schools and three non-charter properties. Locations span from California to Florida and together total more than 765,135 square feet of building space and nearly 100 acres of land.

“This unique collection of alternative investment assets offered a complex assignment with varied product types and locations,” says Mindy Korth, executive vice president with Colliers in Arizona. “These properties, situated in six different states and the District of Columbia, were sold to nine separate buyers. Our team of brokers and support staff performed impressively in covering every detail of the varied transactions.”

Korth and Todd Noel of Colliers in Arizona worked with other Colliers agents in the local regions for the sale of the assets. Korth and Noel represented the seller, a private investment fund.

Included in the sale were 13 charter schools located in Arizona, Florida, Ohio, Michigan and Washington, District of Columbia. Also involved were two properties in Florida and Indiana, as well as an office building in Sacramento, California. The office and other properties were previously used for education purposes and will now be repurposed. The portfolio sale of four of the Florida schools was announced recently. 

Following are the names and addresses of the assets sold:

Charter School Assets

  • Cesar Chavez College Preparatory School, 2400 Mock Road, Columbus, OH
  • Champion Academy of Distinction – Davie Campus, 3367 N. University Drive, Davie, FL
  • Cleveland Arts & Social Sciences Academy, 10701 Shaker Boulevard, Cleveland, OH
  • Desert Star Academy Middle School, 1530 Pinion Road, Fort Mohave, AZ
  • Detroit Public Safety Academy, 1236 and 1250 Rosa Parks Boulevard, Detroit, MI
  • Genesee STEM Academy, 5240 Calkins Road, Flint Township, MI
  • Hope Lamond Community Public Charter School – Lamond Campus, 6200 Kansas Avenue NE, Washington, D.C.
  • Lake Erie Preparatory School, 14405 St. Clair Avenue, Cleveland, OH
  • Northside Prep Academy, 4750 Winton Road, Cincinnati, OH
  • Renaissance Charter School of Plantation, 6701 W. Sunrise Boulevard, Plantation, FL
  • Renaissance Charter School at University, 8399 N. University Drive, Tamarac, FL
  • South Scioto Performance Academy, 2200 Winslow Drive, Columbus, OH
  • St. Cloud Preparatory Academy, 3101 Progress Lane, St. Cloud, FL

Non-Charter School Assets

  • 3840 Rosin Court, Buiding D, Sacramento, CA
  • 4751 Walgreen Road, Jacksonville, FL
  • 5435 W. Pike Plaza Road, Indianapolis, IN

About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues to $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at, Twitter @Colliers or LinkedIn.

Colliers in Arizona has served clients locally and globally for more than 40 years.

Related Experts

Mindy Korth

Executive Vice President


As an executive vice president of investment services with Colliers, Mindy Korth is accomplished in all sectors of the investment real estate community, including office, medical office, retail, datacenters, high-finish industrial, commercial land, and unique projects across metropolitan Phoenix and nationally.

Mindy leads an investment sales team that includes Jenny Bassett, real estate analyst; Kelsey Robinson, client services coordinator; and Alyssa Smith, client services coordinator.

Mindy is focused on identifying investment opportunities, executing client strategy, establishing relationships between parties, and coordinating property financial analysis and due diligence. Her wealth of industry, market, property, and financial intelligence provides clients with the information they need to make informed decisions and complete successful investment transactions. She has completed transactions totaling more than 26 million square feet, and more than $4.6 billion in value.

Throughout her career, Mindy has been involved in each aspect of real estate, including new and rehab development, financial structuring deals in capital markets, leasing, management, site selection, network planning, acquisitions and dispositions programming, financial analysis, and underwriting.


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Todd Noel

Senior Executive Vice-President


As a senior executive vice president with Colliers, Todd Noel specializes in office and educational properties. Areas of expertise include corporate advisory, tenant representation, investments, sale/leasebacks, and leasing and build-to-suits.

As the national director of Colliers' Education Services Group, the leading advisory group dedicated to the education industry, Todd leads a national team of 25 education professionals who understand and represent the varied real estate needs of educational companies and occupiers of educational facilities across the country.

His top-producing team in Phoenix includes Kyle Campbell, vice president; Michael Marsh, associate vice president; Matt Baniszewski, senior associate; and Tara Dannenberg, senior client services specialist. The team leverages in-depth knowledge of the office and educational property markets to assist clients in achieving their real estate and business objectives.

Todd has exceptional experience and demonstrated success in education-based real estate and has completed numerous assignments on behalf of local and national clients.  From charter schools to universities, he takes a strategic approach to address the unique considerations facing educational facilities. Todd provides strategies and services that strive to reduce occupancy costs, increase efficiency and enhance enrollment.

In order to advise clients on all possible scenarios, Todd offers an integrated platform of services, including acquisitions, dispositions, identifying capital sources, site selection, portfolio planning, lease and sublease negotiations, lease restructuring, transaction and lease administration, construction and project management, strategic planning, and benchmarking.

As a trusted and experienced advisor, Todd represents his clients’ best interests and develops real estate strategies to identify opportunities that add value, reduce costs, and maximize ROI. He incorporates the highest standards of excellence and quality in his approach to serving each client. With a tenacious and focused negotiation style, Todd has developed a reputation for delivering the most aggressive deal terms for his clients.

Todd has more than 20 years of commercial real estate experience, specializing in educational and office properties and corporate tenant representation. Prior to joining Colliers, Todd was with Trammel Crow Company, CBRE and Insignia/ ESG.

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