Pete Letherman
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petel@fmstone.com
Phone: 574-296-1310
Fax: 574-295-1711
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Pete Letherman joined FM Stone Commercial in 1995, shortly after receiving his degree in Business Administration from the University of Notre Dame. Licensed in both Indiana and Michigan, Pete specializes in the acquisition and disposition of industrial and investment properties located in Northcentral Indiana and Southwest Michigan. Pete is a fourth generation realtor with his focus on property acquisition for companies seeking multiple locations in the region.
In 2000 Pete earned the Certified Commercial Investment Member (CCIM) designation. A CCIM is a recognized expert in the commercial and investment real estate industry. CCIMs have completed a designation curriculum that covers ethics, interest-based negotiation, financial analysis, market analysis, user-decision analysis, and investment analysis for commercial investment real estate. CCIMs must complete a portfolio demonstrating the depth of their commercial real estate experience and sit for a comprehensive examination.
Pete is passionately involved in the Sweet Pea Foundation, an organization he and his wife Suzanne founded in 2003 in the memory of their daughter Grace Elizabeth Letherman. The Sweet Pea Foundation supports organizations and charities that help sick children and their families. The nonprofit gives back 100% of its contributions. To date it has donated almost 6,000 toys, 350-plus books and hundreds of items sick children might find happiness in receiving.
Education
University of Notre Dame, Bachelor of Science Degree, Business Administration
Professional Affiliations
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Certified Commercial Investment Member (CCIM), Member
- National Association of Realtors (NAR), Member
- Indiana Association of Realtors (IAR), Member
- Indiana Commercial Board of Realtors (ICBR), Member
- Licensed Real Estate Broker, State of Indiana
- Licensed Real Estate Broker, State of Michigan
Community Activities
- Sweet Pea Foundation, Founder and Executive Director, May 2003 to Present
- Member of the University of Notre Dame's Monogram Club
Major Transactions
- Sold: Clark Building, 1901 Bendix Dr., South Bend, IN—147,208 SF manufacturing
- Sold: Gunite Building, 1287 Earthway Blvd., Bristol, IN—108,768 SF distribution
- Sold: Pilgrim Complex, 105 14th Street, Middlebury, IN—187,448 SF manufacturing
- Sold: Foamex Building, 603 Industrial Pkwy., Elkhart, IN—150,980 SF manufacturing
- Sold: Monaco RV Building 39, 1028 E Waterford, Wakarusa, IN—37,200 SF manufacturing
- Sold: Ranjer Manufacturing Building, 1741 Conant, Elkhart, IN—85,000 SF manufacturing
- Leased: Kem Krest Corporation, 2040 Toledo Road, Elkhart, IN — 148,000 SF distribution
- Sold: Georgie Boy Manufacturing, 27437 May, Edwardsburg, MI—115,120 SF manufacturing
- Sold: Lexington Seating, 3722 Lexington Park Dr., Elkhart, IN—45,082 manufacturing
- Sold: Foamcraft, 703 Kercher Rd., Goshen, IN— 43,600 SF manufacturing
- Sold: Georgie Boy Manufacturing, 27396 May, Edwardsburg, MI—27,500 SF manufacturing
- Sold: Georgie Boy Manufacturing, 27450 May, Edwardsburg, MI—25,250 SF manufacturing
- Leased: Wingfoot Commercial Tire, 235 CR 6, Elkhart, IN — 30,000 SF distribution
- Sold: Georgie Boy Manufacturing, 69815 Brizandine, Edwardsburg, MI — 48,120 SF
- Leased: Foamcraft, 703 Kercher Rd., Goshen, IN — 43,600 SF manufacturing
- Sold: Georgie Boy Manufacturing, M60, Edwardsburg, MI — 25,000 SF service
- Sold: Parker Hannifin Building, 703 Kercher Rd., Goshen, IN — 43,560 SF manufacturing
- Sold: National City Bank, 100 Block Third Street, Goshen, IN — assemblage of parcels for a branch
- Leased: FedEx Warehouse, 5000 Advance Way, Stevensville, MI — 13,685 SF distribution
- Sold: Economy Storage, 2323 Yankee St., Niles, MI — 132 unit mini-storage
- Sold: National City Bank, 303 CR 17, Elkhart, IN — One-acre parcel for a new bank branch
- Sold: Jayco Plant 51, 10758 Greenfield Pkwy., Middlebury, IN— 114,300 SF manufacturing
- Sold: Windsor Flex, 821 Windsor Crossing, Elkhart, IN — 24,000 SF multi-tenant flex
- Sold: Jayco Plant 50, 10758 CR 2, Middlebury, IN— 142,608 SF manufacturing
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Industrial Sales & Leasing
Investment Real Estate
Partial Client List
National City Bank
Coachmen Industries
Wingfoot Commercial Tire
Monaco Coach Corporation
SI Companies
Rollie Williams
Sterling Investments
Super Wash
Foamcraft
Accra Pac
Mattress Warehouse
Jayco
Transhield
Sprint
CFB
Agdia
HFT Investments
Paragon Firstronic
Duo Form
Pedcor
Approved Cash Advance
State Farm
1st Source Bank
FedEx
Holiday Inn
Kem Krest Corporation
BFL Corporation
Total Value RV
Gaylor
Lippert Components
S. Sterling Company
Elkhart General Hospital
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