Buyers & Sellers
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Buyers & Sellers

Kimco Realty Corporation has the listing to sell a 90 189 sq.ft. Big Kmart situated on 6.16 acres in Aurora IL. Area demographics include a population of 167 461 residing in a five-mile radius earning an average annual household income of $57 282. The asking price is $10 793 506 at a 9.2% CAP rate. A 6 163 sq. ft. Outback Steakhouse situated on 10 000 sq.ft. of land in San Antonio TX is also available. Demographics include a population of 143 122 residing in a five-mile radius with an average annual household income of $60 828. The asking price is $733 333 at a 7.5% CAP rate. The company also has the listing to sell a 109 441 sq.ft. Kmart situated on 6.63 acres in Chicago IL. Demographics include a population of 1 195 545 residing in a five-mile radius with an average annual household income of $55 700. The asking price is $12 925 500 at a 9.31% CAP rate. A 83 380 sq.ft. Big Kmart in Chicago IL is also available. The 6.05-acre property has an asking price of $11 647 270 at a 9.2% CAP. Area demographics include a population of 846 572 residing within a five-mile radius earning an average annual household income of $59 356. The company also has the listing to sell a 6 300 sq. ft. TGI Friday’s location in San Antonio TX. Demographics include a 143 122 population residing in a five-mile radius earning an average annual household income of $60 828. The sale price is $1 160 000 at a 7.5% CAP rate. Also available is a 104 688 sq. ft. Big Kmart situated on 8.18 acres in Geneva IL. Area demographics include a population of 84 852 resides in a five-mile radius earning an average annual household income of $79 545. The asking price is $12 697 780 at a 9% CAP rate.

For more information contact Robert James Kimco Realty Corporation 3333 New Hyde Park Road New Hyde Park NY 11042; 516-869-2570; Fax 516-869-2517.

 

Colliers International has the listing to sell the 14 000 sq.ft. Derek Plaza in Lake Charles LA. The building is adjacent to a Wal*Mart Supercenter located at the intersection of Interstate 210 and Highway 14. The site includes 1.41 acres and is fully occupied. The asking price is $2 076 000 at a 9.6% CAP rate. The center as an NOI of $199 354 and a $1 496 633 assumable non-recourse loan in place. Area retailers include Wal*Mart Lowes Home Improvement Toys ‘R’ Us Home Depot Academy Sports Old Navy Circuit City and United Artists.

For more information contact Christopher D. Winters Colliers International 1300 Post Oak Boulevard Suite 225 Houston TX 77056; 713-830-2106 Fax 713-830-2118.

 

Michael Antkies Real Estate has the listing to sell the site of the proposed 41 200 sq.ft. Mill Plain Plaza in Danbury CT. The site is ready to be built and is located on Mill Plain Road and has visibility from Interstate 84. Area retailers include Ethan Allen Super Stop & Shop Staples Starbucks Blockbuster and NY Sports Club. Area demographics include a population of 26 796 residing in a three-mile radius earning median household income of $86 317.

For more information contact Michael Antkies Michael Antkies Real Estate 29 Sugar Hollow Road Danbury CT 06810; 203-798-7766 Fax 203-798-6340; Email: mantkies@antkies.com.

 

Morton G. Thalimer Commercial Real Estate has the listing to sell two parcels along West Broad Street in Richmond VA. The first at 2.9 acres has an asking price of $2 500 00 and the second a 1.3 acre parcel is priced at $1.4 million. Both sites have an average daily traffic exceeding 30 000 cars per day and are located within ½ a mile of Short Pump Towne Center. The land is located near from Home Depot Target Best Buy and Wal*Mart.

For more information contact Larry R. Agnew; 804-697-3413 or C. Lee Warfield III; 804-697-3487.

 

Clear Creek Properties brokered the sale of a large portion of the Centennial Plaza Shopping Center in Tulsa OK. The center is located at the intersection of 21st Street and Yale Avenue and is anchored by Sears Roebuck & Co. Gordman’s Reasor’s Food Store and Taco Cabana. The seller was 2100 Yale Limited Partnership which has filed for chapter 11 bankruptcy protection.

For more information contact Bryan Wilkinson or Rex Watkinson Clear Creek Properties 5800 South Lewis Avenue Tulsa OK 74105-7121; 918-749-2800 Fax 918-749-6274.

 

Commercial One Realtors has the listing to sell Phases I & II at Liberty Plaza Shopping Center in Powell OH. The center is located at the intersection of North Liberty Road and Grace Drive and is tenanted by Hickory House Restaurant La Margaritas Powell Cleaners and the Ohio State University Medical Center. The project has a GLA of 26 750 sq.ft. The asking price is $2 933 000 and the seller will consider carrying financing under a variety of creative deal structures for qualified buyers.

For more information contact Howard Burack Commercial One Realtors 1515 Bethel Road Suite 201 Columbus OH 43220; 614-451-5100 Fax 614-451-9943; Email: hburack@c1realty.com.

 

Upland Real Estate Group Inc. brokered the sale of two Walgreens locations in Champlin and Blaine MN. The transaction was part of a 1031 tax deffered exchange and was valued at over $8 million.

For more information contact Brier E. Swing Upland Real Estate Group Inc. 301 Fourth Avenue South Minneapolis MN 55415; 612-335-9366 Fax 612-376-4489; Email: brier@upland.com.

 

Regency Centers sold Phase II of Abalone Point Shopping Center in Torrance CA. The 5 000 sq.ft. building is located at the intersection of Carson and Abalone Street and is tenanted by Radio Shack and Quizno’s Subs. The buyer was Rio Mar Corporation. The deal was brokered by CB Richard Ellis and the California Retail Investments.

For more information contact Erwin Bucy Regency Centers 555 South Flower Street Suite 3500 Los Angeles CA 90071; 213-553-2200 Fax 213-624-2280.

 

Grubb & Ellis brokered the sale of the 221 190 sq.ft. Kaleidoscope Shopping Center in Mission Viejo CA. The center is located at the intersection of the Crown Valley Parkway and the San Diego Freeway and is anchored by Edwards Theatres Bristol Farms El Torito Grill Islands Restaurant and Zainy Brainy. The transaction was estimated at $28 million. The buyer was Kam Sung Co Inc. and the seller was Samsung PDP Kaleidoscope.

For more information contact Dixie Walker or Michael Randall Grubb & Ellis 500 North State College Boulevard Suite 100 Orange CA 92868; 714-939-6000.

 

Kelly Geren & Searcy has the listing to sell the 155 000 sq.ft. former Levitz Furniture building in Fort Worth TX. The site is situated on nearly 10 acres located at on Camp Bowie Boulevard between Interstates 20 and 30 inside Loop 820 across from the Academy on Camp Bowie. The asking price is $3.25 million.

For more information contact Roland Dreschel Kelly Geren & Searcy 108 West Eighth Street Suite 300 Fort Worth TX 76102; 817-335-7575 Fax 817-870-1911.