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Buyers & Sellers
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Buyers & Sellers Charles Wayne Properties Inc. has the listing to sell a 10 000 sq.ft. former Flooring America building in Port Orange FL. The site is situated between Chili’s and Don Pablo’s. The building has 270' of frontage on Dunlawton Boulevard which is a major east/west artery from I-95 to the beach. Area demographics include a population of 94 311 residing in a five-mile radius earning an average annual household income of $45 055 and a traffic count of 35 500 vehicles per day. For more information contact Thomas A. Corso or Steve Costa Charles Wayne Properties Inc. 1030 W. International Speedway Boulevard Daytona Beach FL 32114; 386-238-3600; Fax 386-255-8758. Paine/Wetzel ONCOR International represented The Kirk Corp. in the sale of 3.3 acres of land in Schaumburg IL to Insite Real Estate Develop LLC for the development of a daycare center. The site is located at the intersection of Golf Road and Southbridge Lane. The company also represented Fred Tuch in the sale of a 25 400 sq.ft. building in Chicago to American Furniture Liquidators. The site located on E 75th Street is one-and-a-quarter miles from Dan Ryan Expressway.For more information contact Albert Schulman Paine/Wetzel ONCOR International 8700 West Bryn Mawr Suite 100 Chicago IL 60631; 773-714-9300; Fax 773-714-8253. GBT Realty Corporation and BVT Development Corporation have the listing to sell a 174 207 sq.ft. retail center on 26.33 acres in Florence AL. The center located at the intersection of Cox Creek Parkway and Mall Road is anchored by Target (not included in package) Linens ‘n Things occupying 32 066 sq.ft. and a lease that expires 2011 Dick’s Sporting Goods occupying 30 605 sq.ft. and a lease that expires 2017 Best Buy occupying a space of 30 000 sq.ft. and a lease that expires 2017 Michaels occupying a space of 20 539 sq.ft. and a lease that expires 2011 Factory 2-U occupying a space of 15 300 sq.ft. and a lease that expires 2006 Famous Footwear occupying a space of 9 143 sq.ft. and a lease that expires 2006 Fashion Bug occupying a space of 8 000 sq.ft. and a lease that expires 2011 Lifeway Christian occupying a space of 6 054 sq.ft. and a lease that expires 2006 Amy’s Card Shop (Hallmark) occupying a space of 5 000 sq.ft. and a lease that expires 2007 Catherines occupying a space of 3 500 sq.ft. and a lease that expires 2006 Cost Cutters occupying a space of 2 000 sq.ft. and a lease that expires 2006 Sally Beauty Supply occupying a space of 2 000 sq.ft. and a lease that expires 2006 and a vacant space of 10 000 sq.ft.For more information contact George Tomlin GBT Realty Corporation; 601-370-0670 Fax 605-373-3111; Email: gtomlin@gbtrealty.com or contact Jeff Gilder; 770-618-3516 Fax 770-618-3557; Email jgilder@bvt.com Insignia Thalhimer has the listing to sell the 46 000 sq.ft. Port Walthall Shopping Center in Chesterfield County VA. The site located on Jefferson Davis Highway is in Colonial Heights just off the new Walthall/ I-95 interchange. The center is 100% leased 90% to national credit tenants. The current tenants include Food Lion Family Dollar Governors Cleaners and Movie Gallery. Outparcels can be purchased for expansion.For more information contact Jeffrey S. Bisger at
804-697-3409; Email:jeffrey.bisger@thalhimer.com.
Or contact Pamela H. Strieffler at 804-697-3486; Rein & Grossoehme represented Linland Properties in the sale of Linland Plaza a 26 265 sq.ft. center in Phoenix AZ to David McHenry. The site is located on West Camelback Road. The sale price was $905 000 which equates to $34.46 per sq.ft. The building was fully occupied at closing.For more information contact Mark Rein Rein & Grossoehme 3900 East Camelback Road Suite 408 North Phoenix AZ 85018; 602-954-7217; Fax 602-954-7001; Web site: www.High-Yield.com; Email: mail@High-Yield.com. Marcus & Millchap is marketing two buildings on Leonard Street in New York NY totaling 39 000 sq.ft. residential commercial retail and hotel uses are allowed. The asking price for both buildings is $15 million. The firm also is marketing Magic City Plaza a 98.5% occupied 238 033 sq.ft. center in Barberton OH. The Kmart-anchored center is offered with favorable assumable financing at a 10.5% CAP.For information Marcus & Millchap 270 Madison Avenue New York NY 10016; 646-254-0726 Fax 425-955-7574. The Charleston Urban Renewal Authority acquired a former Montgomery Ward location at the Charleston Town Center in Charleston WV. The authority has Dillard’s and other retailers in mind to rent the space.For information contact Patrick H. Brown III Charleston Urban Renewal Authority 815 Quarrier Street Suite 244 Charleston WV 25301; 304-348-6890 Fax 304-348-6892. S.L. Nusbaum Realty Co. brokered the $5.9 million sale of the 45 300 sq.ft. Village Shops of Kiln Creek anchored by Blockbuster Video and Advanced Nutrition. The site is located in a master-planned residential commercial and resort community bordering Newport News and York County VA.For information contact S.L. Nusbaum Realty Co. 1000 Bank of America Center Norfolk VA 23510; 757-627-8611 Fax 757-640-2256. Investment Management Associates Inc. has the listing to sell a 5 444 sq.ft. restaurant in Coral Gables FL. The site is located at the intersection of Ponce de Leon Boulevard and Almeria Road in downtown Coral Gables. The asking price is $495 000 the fully equipped and 200 seat full service restaurant with a 4-COP SRX liquor license. There are seven hotels within one mile totaling 1 000 rooms. The company also has the listing to sell a 3 040 sq.ft. Kenny Rogers Roaster (franchise) in Pembroke Pines FL. The site located on Pines Boulevard is situated near a Home Depot General Cinema 6 Plex Theatre Amoco US Post Office Wendy’s McDonald’s Sears Home Place and numerous other national retailers and restaurants. The fully furnished and equipped restaurant has easy access ample parking and a drive-thru facility that is clearly visible to traffic estimated to be 42 500 vehicles per day.For more information contact Alan W. Howard Vice President Investment Management Associates Restaurant Division 1575 San Ignacio Ave. Suite 100 Coral Gables FL 33146; 305-661-0110; Fax 305-661-7803. Mid America Realty Corporation/ChainLinks and Cohen Financial brokered the sale of the the 211 562 sq.ft. Hickory Palos Square at 95th Street and Roberts Road in Hickory Hills IL to Principal Capital Real Estate Investors. The center is anchored by a Jewel/Osco grocery store and outparcel tenants include Burger King and Arby’s.For information contact Mid-America Real Estate Corporation/ChainLinks Two Mid-America Plaza 3rd Floor Oakbrook Terrace IL 60181; 630-954-7300 Fax 630-954-7304. Commercial Net Lease Realty Inc. has the listing to sell a 53 827 sq.ft. freestanding store in Ft. Myers FL. The site is located on South Cleveland Avenue next to Robb & Stucky a furniture retailer and across from Bell Tower Shops Mall anchored by Saks Fifth Avenue Jacobson’s and Bed Bath & Beyond. The building has 212' of frontage and 250' of depth. The demographics include a population of 81 151 in a five-mile radius earning an average annual household income of $63 192 and a traffic count of 47 000 vehicles per day. The company also has the listing to sell a 54 334 sq.ft. store in Sarasota FL. The site is located on Cattlemen Road at the intersection of Bee Ridge and is adjacent to Sports Authority in a shopping center anchored by Publix. The building has 205' of frontage and 248' of depth. Other area retailers include Home Depot Kash & Karry Wal*Mart and Burlington Coat Factory. The demographics include a population of 113 777 in a five-mile radius with an average annual household income of $70 827 and a traffic count of 47 000 vehicles per day. The company also has the listing to sell a 57 000 sq.ft. freestanding store on 6.5 acres in Orlando FL. The site located on South Semoran Boulevard has in the immediate area Kmart OfficeMax and Albertson’s. The building fully-sprinklered has 287' of frontage and 190' of depth. The demographics include a population of 207 878 residing in a five-mile radius earning an average annual household income of $56 525 and a traffic count of 57 500 vehicles per day. The company also has the listing to sell a 30 000 sq.ft. store on a major thoroughfare in Orlando FL. The site located on Orange Blossom Trail has a Publix Eckerd Blockbuster and Albertson’s in the immediate area. The building fully-spinklered has 161' of frontage and 190' of depth. The demographics include a population of 211 927 residing in a five-mile radius earning an average annual household income of $56 348 and a traffic count of 38 000 vehicle per day.For more information contact Lou Nimkoff Commercial Net Lease Realty Inc. 450 S Orange Avenue Suite 900 Orlando FL 32801; 800-CNL-REIT; Fax 407-650-3650; Web site: www.cnlreit.com.
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