Jeffrey K. Sikes
Director Of Leasing
Jeffrey K. Sikes began his commercial real estate career in 1981 as the Assistant Director of Leasing for Hartford's most prestigious business address, CITYPLACE I. This 38-story, 800,000-square foot Class A office tower has continued to be Hartford's most prestigious business address. This project provided to be an excellent opportunity and training ground for a commercial real estate market that was demanding excellence. Major tenants whose leases were negotiated were: Aetna (300,000 SF); Day, Berry and Howard (100,000 SF); United Technologies (22,000 SF); Dean Witter (15,000 SF); Merrill Lynch (20,000 SF); and Cummings and Lockwood (15,000 SF).
Upon completion of CITYPLACE I (1985), Jeffrey Sikes accepted the Director of Leasing position for another significant high rise office project, Goodwin Square. This 345,000 SF office tower was again leased through the construction phase and eventual completion of tenant improvements. This project is anchored by Ernst & Young, CHUBB Insurance, Pepe & Hazard, Halloran & Sage, and R.C. Knox Insurance. These two projects represent over 1.2 million square feet of Class -A- development, from construction through tenant improvements.
Education
- Mr. Sikes holds a Bachelor of Science degree in Marketing from the University of New Hampshire.
Professional Affiliations
- Greater Hartford Association of Realtors
Recent Accomplishments
Since 1998, Jeffrey K. Sikes has been the Director of Leasing at O,R&L Commercial. During this time, his tenant and buyer representation services have resulted in the following transactions:
- Negotiation of a 48,000 SF lease for ten years at Colt Gateway on behalf of CERC (Capital Region Education Council). The lease value of this transaction exceeded $8 million.
- A strategic ten-year lease negotiation on behalf of Source One (owned by Harry Gray) for a 110,000 SF office and distribution fulfillment center at 21 Hyde Road in Farmington. This lease transaction was valued at over five million dollars.
- The purchase of a 35,000 SF corporate facility for Companions and Homemakers (one of the state's largest assisted care providers) for $1.5 million, or under $50 per SF acquisition cost.
- The sale of two Class A office buildings in Farmington and Glastonbury for Pacific Western Mortgage and Investment Corporation, totaling $6.5 million.
- Buyer representation for acquisition of The Laurel Gardens Assisted Care Living Facility in Avon. This land acquisition value was $2.4 million dollars.
- Buyer representation for the acquisition of land for the development of the Marriott Residence Inn in Avon, CT. Land value exceeded $1 million dollars for this $11 million dollar project.
