Buyers & Sellers
Home ] Up ] Home Retailers Expanding Nationwide ] Who's Opening & Where ] Closings & Financial Woes ] Food Retailers Expanding Nationwide ] New Construction ] Real Estate Professionals Making The News ] Lease Signings ] Lead Sheet ] Sources Of Financing ] [ Buyers & Sellers ] Automotive Retailers Expanding Nationwide ] Space Place ]

 

Buyers & Sellers


Equity One Inc. acquired the 114 925 sq.ft. Ryanwood Square in Vero Beach FL for $9.12 million via a 1031 Exchange. The center anchored by Publix Books-a-Million and Bealls has an estimated NOI of $870 000.

For more information contact Equity One Inc. 1696 NE Miami Gardens Drive North Miami Beach FL 33179; 305-947-1664.

JP Realty Inc. sold the 120 000 sq.ft. Fry’s Shopping Center in Glendale AZ for $7.45 million. The center is anchored by a 54 000 sq.ft. Fry’s grocery store.

For more information contact G. Rex Frazier JP Realty Inc. 2031 South Mooney Boulevard Visalia CA 93277; 801-486-3911.

Inland Retail Real Estate Trust Inc. acquired the 70 555 sq.ft. Publix-anchored Aberdeen Square Shopping Center in Boynton Beach FL for $6.68 million. The center is located on the corner of Le Chalet Boulevard and Military Trail and its more than 97% occupied.

For more information contact Inland Retail Real Estate Trust Inc. 2901 Butterfield Road Oak Brook IL 60523; 630-218-4948.

Lynch Realty Group LLC has the listing to sell a 3 813 sq.ft. freestanding single-tenant building located in Milwaukee WI for $1.35 million. The property will be leased on an absolute NNN basis to Third Dunkin’ Donuts Realty Inc. and will house a Dunkin’ Donuts Baskin Robbins Ice Cream and Togo’s Great Sandwiches under the same roof. The property located on 4950 South 27th Street will include an 800 sq.ft. kitchen. The term of the lease is 20 years with five five-year options. Rent is $115 395 annually for the first five years $129 292 annually for years six through 10 $144 751 annually for years 11 through 15 and $162 121 for the last five years.

For more information contact Kevin P. Lynch Lynch Realty Group LLC 4900 First Avenue McCook IL 60525; 847-778-2144; Fax 312-642-6790; Email klynch@lynchrealtygroup.com.

Goodman Real Estate Services Group LLC has the listing to sell Home Depot surplus land in Medina OH at an asking price of $2 million. The 11.5-acre site is across from a Home Depot and is anchored by Longhorn Steakhouse Bob Evans and Steak ‘N Shake. The property has an average daily traffic count of 25 000 vehicles. Nearby competing centers include Super Kmart Wal*Mart Kohl’s and Target as tenants. The company also has the listing to sell .81 acres of surplus land at a Home Depot in Brooklyn OH at an asking price of $700 000. In addition to Home Depot the center is anchored by Gordon Food Service and Flower Factory. The property has an average daily traffic count of 40 000 vehicles. Area demographics include a population of 367 606 residing within a five-mile radius earning a median household income of $38 436. Nearby competing centers include Sam’s Club Wal*Mart and Super Kmart as tenants. The company also has the listing to sell an outlot for a Home Depot in Mentor OH at an asking price of $650 000. The site anchored by Home Depot and Atlas Cinema is situated on 1.8 acres and has an average daily traffic count of 40 000 vehicles. Area demographics include a population of 91 736 residing within a five-mile radius earning a median household income of $52 978.

For more information on these listings contact Steve Altemare Goodman Real Estate Services Group LLC 23220 Chagrin Boulevard Cleveland OH 44122; 216-378-0066; Fax 216-378-0060; Email: steve@goodmanrealestate.com; Web site: www.goodmanrealestate.com.

Levin Management Corporation brokered the sale of the 217 960 sq.ft. Playtogs Plaza in Middletown NY to Wharton Realty Group on behalf of Regency Savings Bank. The property is located at 132 Dolson Avenue and is anchored by Redner’s Markets Pizza Hut Ground Round Blockbuster Willie Carter Golf Inc. and Family Dollar.

For more information contact Levin Management Corporation 893 Route 22 West North Plainfield NJ 07060; 908-755-2401.

The Mid-America Management Corporation is seeking retail multi-family and industrial properties east of the Rocky Mountains being marketed for at least $5 million.

For more information contact the Mid-America Management Corporation 1100 Eaton Center 1111 Superior Avenue Cleveland OH 44114; 216-771-4440; Fax 216-771-1185; Web site: www.midamco.com.

Equity Investment Group acquired the 148 395 sq.ft. Hunt River Commons in North Kingstown RI. The center situated on 23.97 acres is anchored by a 59 245 sq.ft. Super Stop & Shop a 27 000 sq.ft. Marshall’s and a 22 750 sq.ft. Ocean State Job Lot in addition to a Wendy’s and a Citizen’s Bank on freestanding pad sites. The center is 83% occupied leaving 26 000 sq.ft. of vacant space and pad sites.

For more information contact Wendy Othman Equity Investment Group One Buckhead Plaza 3060 Peachtree Road N.W. Suite 1560 Atlanta GA 30305; 404-364-2984; Fax 404-364-2985.

CB Richard Ellis brokered the sale of Palm Valley Marketplace in Goodyear AZ. Columbia Regency Retail Partners LLC purchased the shopping center for $13.2 million from SunCor Development Company. The 107 360 sq.ft. center is anchored by Safeway.

For more information contact Amanda Larson CB Richard Ellis 2415 East Camelback Road; Phoenix AZ 85016-4290; 602-735-1736; Email: alarson@cbre.com.

Weingarten Realty Investors acquired the 273 000 sq.ft. 100% leased Sunset Point 19 in Clearwater FL for an estimated $34 million. The center located on 25.8 acres at State Road 19 and Sunset Point Road is anchored by Publix Old Navy Bed Bath and Beyond Sports Authority Comp USA Staples Barnes & Noble and Eckerd Drugs. The property has an average daily traffic count of 100 000 vehicles. Area demographics include a population of approximately 200 000 residing within a five-mile radius.

For more information contact Weingarten Realty Investors 2600 Citadel Plaza Drive Houston TX 77008; 713-866-6098.