SAN FRANCISCO, May 15, 2012—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, released first quarter transaction volumes for the alliance totaling more than $780 million. X Team International President John Cumbelich made the announcement.
During the first quarter of 2012, the alliance reported combined results of retail leases and sales totaling $789,804,350. Leasing activity accounted for 78 percent of the total transaction volume or $617,661,150, with more than 5.2 million square feet of retail space absorbed across major North American retail markets. The volume of sales during the first quarter included 1.5 million square feet of building sales and more than 99 acres of undeveloped land sales, totaling $172,143,200.
“The recession has provided numerous opportunities for our retail clients,” said Cumbelich. “As a result, we are seeing activity levels increase in every region we represent, and are optimistic the increased activity will continue through 2012.”
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.