Southeast Realty Group Inc. has the listing to sell Rite Aid surplus property on 1.29 acres in Eight Mile AL. The site located at the intersection of Lott Road and St. Stephens Road has a traffic count of 20 000 cars per day on Highway 45 and 10 000 cars per day on Lott Road. The asking price is $450 000.

For more information contact Steve Allen Southeast Realty Group Inc. Flagler Center 505 S. Flagler Dr. Suite 1010 West Palm Beach FL 33401; 561-832-7880; Fax 561-832-6970.

Woolbright Development is in the market to acquire grocery-anchored community and/or power centers with upside potential realized through lease-up of vacant space re-development opportunities or renovation/expansion opportunities in the Southeast US (preferably Florida). A minimum GLA of 75 000 sq.ft. is required with a selling price between $5 million and $50 million. The demographic requirements include a major metropolitan area of at least 100 000 people in a five-mile radius.

For more information contact W. Mark Barry Woolbright Development Inc. 4800 North Federal Highway Suite 108D Boca Raton FL 33431; 561-417-6607; Fax 561-393-6655; Email: mbarry@woolbrightdev.com.

Arvida Realty Services has listed to sell a 23-acre retail development site in South Fort Myers FL. The location is situated on US 41 just south of Six Mile Cypress on the southwest border of Jamaica Bay which includes over 1 400 homes. Area retailers include Wal*Mart Home Depot Lowe’s and Perkins Family Restaurant. Area demographics include a population of 81 889 residing in a five-mile radius earning an average annual household income of $63 593 and a traffic count of 49 000 vehicles per day.

KLNB Inc. brokered the sale of the Perry Hall Marketplace a 70 000 sq.ft. neighborhood center in Baltimore MD. The site which is located on Belair Road is situated on a 23 acres. The center is anchored by Safeway Stores. KLNB Inc. represented Amyclae USA Limited Partnership in their $11.2 million acquisition from the company Gustine Perry Hall Limited Partnership represented by Retail Strategies.

Cohen and Company Inc. Real Estate brokered the sale of a 60 452 sq.ft. freestanding Kmart location in Hillsborough NJ to Hillsborough Associates LLC. The site part of a grocery anchored shopping center is located on Route 206 about five miles from Princeton NJ. The Kmart also contains a 4 100 sq.ft. garden shop. The company is also brokered the sale of a free standing Texaco in Saddlebrook NJ. Cohen and Company represented both the seller Park 80 LLC and the buyer 1801 Associates LLC.

Michael Saunders & Company has listed to sell a 32 072 sq.ft. building on a land area of 131 116 sq.ft. in Sarasota FL. Located on South Beneva Road the site was originally built as a food market and is minutes from I-75 and the airport. The asking price is $3 250 000. The current tenant is Kash N’ Karry Food Stores Inc. with lease rate of $21 167 per month which expires May 31 2003. Area demographics include a population of 30 528 residing in the 34232 zip code earning an average annual income of $46 905.

CB Richard Ellis brokered the sale of two acres of land at the northwest corner of Warner Road and McQueen Road in Chandler AZ. The company represented the buyer Gustine Properties Inc. in the $1.8 million transaction with LauraScott Interests LLC. Gustine Properties intends to construct a 12 987 sq.ft. CVS Pharmacy which is schedule to open 2002.

Real Property Specialists Inc. has the listing to sell 56 350 sq.ft. of a corner development site in Osceola County FL. The site located at the northwest corner of Michigan Avenue and Donegan Avenue has 230 feet of frontage along Michigan Avenue and 240 feet of frontage on Donegan Avenue. The asking price is $675 000. The site is located at the signalized corner of a four-lane corridor (Michigan Avenue) and a two lane road (Donegan Avenue) approximately one-and-a-half miles south of a new Wal*Mart Supercenter and just north of downtown Kissimmee is zoned as commercial permitting gas/convenience store retailer and restaurant uses.

Urstadt Biddle Properties Inc. acquired the Chimark Shopping Center in Briarcliff NY. The property is 93% leased and was purchased at the cost of $7.1 million. The center contains 18 tenants including Dress Barn and Radio Shack.

Lynch Realty Group LLC has the listing to sell a 95 173 sq.ft. Lowe’s Home Improvement Center in Beckley WV. The site is located on US Highway 19 (Eisenhower Drive). Lowe’s 20-year lease expires in 2014. The asking price is $6.125 million at a 9.25% cap rate. Assumable financing is also available.

AmCap Properties Inc. brokered the sale of 4.1 acres of land to Scandinavian Designs Home and Office Interiors from S/S Land Holdings 3 LLC at Standley Lake Marketplace in Westminster CO. The site is located west of the Boulder Turnpike (Hwy. 36) at the intersection Wadsworth Parkway and Church Ranch Boulevard (100th Avenue). Scandinavian Designs Home and Office Interiors is expected to construct a 55 000 sq.ft. store to be completed during the first half of 2002 which will anchor and complete construction of the 250 000 sq.ft. retail center. The new store will join Safeway The Leather Center Court Furniture Wall Units Ethan Allan and La-Z-Boy.

Hunnington Properties has the listing to sell a package of 14 properties. The NNN-leased properties have 15-year terms with 10% increases every five years. The asking price is $5.25 million at a 10.75% CAP rate. Individual properties range from $200 000 to $450 000.

FKS Realty Group has the listing to sell a 20 000 sq.ft. office/retail building in Miami Beach FL. The site is located at 1801 Purdy Avenue which is easily accessible to the Venetian Causeway and I-95 ten minutes from Miami International Airport across from the 500-unit Harbor Condominium & Marina a short walk to the new Publix Supermarket and in close proximity to the South Beach retail/entertainment district. The asking price is $5 600 000. The company also has the listing to sell The Shoppes of Sawgrass 72 338 sq.ft. center on 9.22 acres in Sunrise FL. The site is located at the intersection of Hiatus Road and Oakland Park. The center is a candidate for repositioning and is priced at $16.5 million.

CSX Real Property has the listing to sell a 48-acre retail site in Barboursville Cabell County WV. The site is located one-tenth of a mile away from a new I-64 interchange and has 3 800 feet of frontage on US 60. The site has highway visibility.

Real Estate World Commercial has the listing to sell a 850 000 sq.ft. center on 29.93 acres of land in Hollywood FL. The asking price is $35 million or $41.20 psf. The company also has the listing to sell a 221 036 sq.ft. center situated on 772 318 sq.ft. of land. The asking price is $11 million. The company also has the listing to sell a 70 525 sq.ft. shopping center on 227 383 sq.ft. of land in FL. The site is located at the intersection of Sample Road and Military Trail and includes tenants such as IHOP and Video Sensation. The asking price is $5.5 million. The company also has the listing to sell a 6 704 sq.ft. strip center situated on 14 375 sq.ft. of land in Hallandale Beach FL. The site located on US1 has the asking price of $3 500 000.

Fraser Enterprises has the listing to sell four Eckerd stores in VA and NC. The stores are available at a 9.75% CAP rate.

Bosshardt Realty has the listing to sell 12 acres of commercially zoned property in Gainesville FL. The site is located at Archer Road and SW 34th Street just west of the University of Florida. The location is approved for up to 95 000 sq.ft. of retail space. The asking price is $2 495 000. The company also has the listing to sell six to seven acres in the new mixed use Magnolia Parke development in Gainesville FL. The site is located on NW 39th Avenue and the asking price is $5.50 psf. The company also has the listing to sell 3.7 acres of commercially zoned land that adjoins an existing Sports Authority in Gainesville FL.

Inland Retail Real Estate Trust Inc. acquired 75 492 sq.ft. Chickasaw Trails Shopping Center in Orlando FL. The center is located at the northwest corner of Curry Ford Road and Chickasaw Trail and anchored by a 47 813 sq.ft. Publix and other tenants include a Blockbuster Video Great Clips Subway State Farm Insurance Radio Shack and Giovanni’s Restaurant.

Price Legacy Corp. acquired of The Groves a 247 995 sq.ft. shopping center in Tempe AZ. The center has an occupancy factor of 93% and is anchored by a Circuit City JC Penney Office Max and Designer Shoe Warehouse. The acquisition was valued at $23.9 million by assuming $13.9 million in mortgage debt with the balance paid in cash. The company also acquired Mesa Pavilions in Mesa AZ. The center has an occupancy factor of 81% and is anchored by Home Place Sports Authority Circuit City Michaels PetsMart and Staples. The acquisition was valued at approximately $31.4 million by assuming $21.2 million in mortgage debt with the balance paid in cash.

BVT Development Corporation has the listing to sell Falls Village a 161 159 sq.ft. recently developed community retail center on 20 acres in Raleigh NC. The site anchored by The Fresh Market and a T.J. Maxx is located at the intersection of Falls of Neuse Road and Sandy Forks Road. T The tenants include T.J. Maxx occupying 36 707 sq.ft. and a lease that expires 2007 The Fresh Market occupying 17 787 sq.ft. and a lease that expires 2016 Raleighwood Cinema & Grill occupying 8 458 sq.ft. and lease that expires 2003 Stonewood Grill occupying 6 941 sq.ft. and lease that expires 2011 Red Hot & Blue occupying 5 670 sq.ft. and a lease that expires 2004 Panera Bread occupying 4 277 sq.ft. and a lease that expires 2011 Mobley’s Raleigh Art Center occupying 3 419 sq.ft. and a lease that expires 2005 Dilly Dally occupying 3 241 sq.ft. and a lease that expires 2006 Zazus occupying 2 957 sq. ft and a lease that expires 2010 American Fast Foto occupying 2 894 sq.ft. and a lease that expires 2006 American Family Portrait occupying 2 838 sq.ft. and a lease that expires 2006 Quizno’s Classic Subs occupying 2 400 sq.ft. and a lease that expires 2005 Radio Shack occupying 2 097 sq.ft. and lease that expires 2005 Nirvana Yoga occupying 2 060 sq.ft. and a lease that expires 2006 Baskin Robbins occupying 1 890 sq.ft. and lease that expires 2006 Medicap occupying 1 890 sq.ft. and lease that expires 2006 Certain Things occupying 1 771 sq.ft. and a lease that expires 2006 Kuki Japanese Restaurant occupying 1 560 sq.ft. and a lease that expires 2004 Gamer’s Edge occupying 1 295 sq.ft. and a lease that expires 2005 Hair Cuttery occupying 1 213 sq.ft. and a lease that expires 2006 Top Nails occupying 1 148 sq.ft. and a lease that expires 2004 Young’s Shoe Repair occupying 1 000 sq.ft. and a lease that expires 2004. 48 230 sq.ft. is available for lease.