Terrie Hertweck | Colliers International | 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
Jul 13, 2020
Q2 2020 Albuquerque Retail market report
Good news during industry changes -- Despite COVID-19 restrictions on retailer operations, some retailers are experiencing increased year-over-year sales, specifically grocery and takeout concepts.
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Feb 24, 2020
Q4 2019 Albuquerque Retail Market Report
Holiday Spending Increase Fuels the Market -- The vacancy rate in the retail market fell by 53 basis points to 6.78% during the final quarter of 2019. Availability also fell to 6.72%, with over 126,000 square feet absorbed across the market. Average rental asking rates came to $14.73 NNN.
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Nov 8, 2019
Q3 2019 Albuquerque Retail Market Report
Retail Space Vacancy Rates Drop to 7.26% -- The third quarter of 2019 saw 46,419 square feet absorbed, dropping the vacancy rate 15 basis points from 7.41 percent to 7.26 percent. Asking rental rates average $15.11 per square foot NNN.
Read More
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