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Buyers & Sellers
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Buyers & SellersReliable Properties is seeking value-added retail properties that require a change of use, need redevelopment (expansion or tear-downs) or which have or expect to have a high vacancy rate in the near future. Properties of 10,000 sq.ft. to 350,000 sq.ft. in Southern CA are of particular interest. Properties with existing financing or cash sales are OK. Principals only are asked to respond. For more information, contact 323-653-3777.
Colliers Tingey has the listing to sell several surplus Rite Aid properties in the Central CA region measuring between 2,637 sq.ft. and 31,468 sq.ft. A 1.41-acre parcel of vacant land is also available. For more information, contact Mark Henry or Jack Messina at 559-221-1271, or Steve Nations at 661-631-3800.
Paramount Partners has the listing to sell a vacant 6,300 sq.ft. freestanding building on a 1.1-acre parcel of land located on Bald Hill Road in Warwick, RI. The building is situated in a shopping center anchored by Target, Home Depot, Staples, Sam’s Club, Best Buy, PETsMART and T.J. Maxx. Demographics show a population of 458,359 residing within 10 miles earning $50,529 as the average income. The asking price is $850,000 with negotiable financing and broker participation. For more information, contact Richard Pilla at 781-826-0096, Fax 781-848-4980.
Realty Income specializes in the acquisition of freestanding properties leased to retailers holding leases with 15 years or longer remaining in the term on properties of 3,000 sq.ft. to 50,000 sq.ft., requiring an investment of $300,000 to $10 million. Multi-property portfolios of $10 million to $100 million are also of interest. The company is a cash buyer and works with more than 73 retailers nationwide. For more information, contact Cary Wenthur (Northwestern U.S), Mitch White (Southeastern U.S.), Craig Torrence (Southwestern U.S.), Ian Marksbury (Northeastern U.S.) or Kim Kundrak (Northeastern U.S.) at 760-741-2111, Fax 760-741-8617, Web site www.realtyincome.com
Weingarten Realty Investors is a developer-sponsored REIT seeking anchored community or neighborhood shopping centers ranging in size from 10,000 sq.ft. to 400,000 sq.ft. in Houston, TX or the Southeastern, Midwestern or Southwestern U.S., preferably in areas with a trade area population of at least 50,000. Properties with upside potential through lease-up, remerchandising or renovation are of particular interest. Multi-tenancy including anchor stores of at least 30,000 sq.ft. on a long-term lease basis is required. Deal structuring is flexible; the company will purchase for cash, do leveraged deals and/or joint venture stock deals. For more information, contact Candace DuFour (AZ, NV, other areas not listed below) at 713-866-6007, Fax 713-866-6049; Mike Wood (NM, CO) at 303-799-6300, Fax 505-776-2266; Gary Greenberg (KS, MO, AR) at 713-866-6966, Fax 713-866-6049; Danny Holland and Mark Witcher (TX, OK, LA, AL and MS) at 713-866-6955, Fax 713-866-6962; or Mitch Rippe (FL) at 561-417-5900, Fax 561-417-5991.
Windsor Aughtry Company has the listing to sell McAllister Court Shopping Center, a 32,340 sq.ft., 2.63-acre center located at the intersection of Laurens Road and Pleasantburg Drive in Greenville, SC. Annual NOI is $169,251, and the asking price is $1.692 million. The combined average daily traffic count is 49,500 cars. Demographics show a population of 55,607 residing within three miles earning $57,782 as the household income. The company also has the listing to sell a 4.8-acre parcel of land zoned commercial located near the intersection of Laurens Road and Interstate 85 in Greenville, NC. The asking price is $650,000. The combined average daily traffic count is 109,500 cars. For more information on McAllister Court, contact E.F. "Dinks" DuPree, Jr. at 864-271-9855, Fax 800-487-5241, Email ddupree@wiindsor-aughtry.com; for more information on the parcel of land, contact Bruce Aughtry at 864-271-9855.
Retail Resources has the listing to sell several freestanding buildings on lots which are either currently being used by Mrs. Winners’s/Lee’s or which are vacant. Lots measure between 16,000 sq.ft. to 127,000 sq.ft., while the freestanding buildings measure between 1,900 sq.ft. and 2,740 sq.ft. For more information, contact a disposition associate at 770-454-8060.
Renaissance Realty Group has the listing to sell Gold Hill Plaza, a 100,000 sq.ft. shopping center located at the intersection of SC Highway 160 and Gold Hill Road in Fort Mill, SC. One- to four-acre pads are also available. Demographics show a trade area population of 30,030 earning $74,292 as the household income. For more information, contact Kevin Kelley or Bob Mingle at 704-343-9995.
RealtiCorp Commercial Investment Fund has the listing to sell a 27.5-acre undeveloped parcel zoned commercial located at the intersection of Interstate 85 and Pleasantburg Drive in Greenville, SC. Demographics show a population of 100,779 residing within five miles earning $46,297 as the household income. The combined average daily traffic count is between 93,000 and 100,000 cars. Bi-Lo, Harris-Teeter, CVS and Blockbuster Video operate nearby. For more information on the 27.5-acre parcel, contact Peter Barnhart or Gordon Sutherland at 864-271-4700, Fax 864-271-0388, Email peterb@realticorp.com, gsutherland@realticorp.com
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