The Miller Group Wins CoStar’s Q3 2023 Power Broker Quarterly Deals Award
November, 14th 2023– Virginia Beach, Va – CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, announced the CoStar Power Broker Quarterly Deals winners for Q3 2023. Whit Hill of The Miller Group came out on top in the list of winners. The CoStar Power Broker Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage.
The Miller Group leased 101,000 Square Foot Industrial Building in Virginia Beach to Power Train Industries, Inc. in August 2023. PTI provides driveline solutions to the automotive aftermarket and is a subsidiary of Dorman Products, Inc., which is publicly traded on the Nasdaq stock market. The Miller Group is the developer of the 10-acre parcel and industrial park. John Lee of John Lee & Associates represented PTI as its broker.
"Pressured by a surge in customer demand for our innovative Driveshaft products, we were looking to expand our manufacturing operations in Virginia Beach. The Bosky Quay property in 464 Progress Lane seemed to fit our needs. We had to work on a very tight timeline. What could have been a very difficult and stressful process, actually turned out to be a pleasant and easy process, thanks to the team at Miller Group. Miller Group has been lockstep with us from day 1, understanding our needs, brainstorming solutions with us, arranging visits with similar properties. This eased some of our early concerns. Miller Group’s expertise in real estate, construction, project planning, and city/state relationship greatly helped us in every phase of the project. Like any project of this magnitude, we hit some bumps along the way but Miller Group openly collaborated with us and resolved the issues in a timely manner. As the project progressed, our teams started working together more closely as one team and more importantly we all became good friends. I’m so glad that we chose the right partner for this project as trust, honesty, transparency are all critical to our success. Tim, Whit, Laurie and rest of the team at Miller Group demonstrated this from our very first meeting and that was an important factor in our decision to work with Miller Group on this project." - Shiva Menon, Dorman Products
"We had a very positive experience working with The Miller Group in securing a long-term lease for our client Power Train Industries, Inc., a wholly owned subsidiary of Dorman Products Inc, a global and publicly traded organization (NASDAQ: DORM). Whit Hill, Tim Harkins, Laurie Miller, David Hackbirth and the whole Miller Group team were great to deal with – pleasant, professional, and great problem solvers. The Miller Group’s leadership, market knowledge, and diverse field of expertise enabled us to finalize a complex long-term lease with our client (that had a very quick deadline), for a large 101,000 sq. ft. industrial/light manufacturing facility. The Miller Group respects the role of the tenant broker and uses an open book/team approach to complete a deal. We worked closely with The Miller Group and the City of Virginia Beach Economic Development team. It is a real advantage working with The Miller Group because of their in-house capabilities: development arm, in house construction company, utilities company, and property management. As a commercial real estate broker John Lee & Associates, Inc. was treated fairly with our commission structure. Another advantage to working with The Miller Group is their excellent reputation and strong financial capability. Jerry Miller, CEO of The Miller Group, is well known in the Hampton Roads area with multiple successful businesses and development projects, his word truly is his bond. We can’t wait to do our next large build-to-suit deal with the Miller Group." John Lee, John Lee & Associates
For more information, visit: https://www.costarpowerbrokers.com/about
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About The Miller Group
The Miller Group is a full service commercial real estate development company based in Virginia. The company specializes in industrial, office and build to suit projects. For over two decades, the company has acquired over 600 acres with over 254 acres in active development. The Miller Group brings its full range of expertise to generate added value for their clients.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of approximately 5,500 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.