Buyers & Sellers
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Buyers & Sellers

United Realty is marketing a shadow anchor retail center located adjacent to a Wal*Mart Supercenter. The 110,000 sq.ft. center has 80% LTV, assumable debt and a 12% Cap rate.

For more information, contact H. Stephen Kirschner, United Realty, 200 Broadhollow Road, Melville, NY 11747; 631-421-1000, Fax 631-421-0608; Web site: www.unitedrealtyinc.com.

The Wilder Companies sold The Loop a 478,000 sq.ft entertainment center in Methuen, MA to Lend Lease Real Estate Investments for an undisclosed price. Lend Lease has entered a long-term contract with The Wilder Companies for the ongoing management of the center. The Loop is 100% leased, houses 29 tenants, and includes a 20-screen Loews Theatre, Borders, Old Navy, Marshalls, Bugaboo Creek and Starbucks.

For more information, contact Andrew T. LaGrega, The Wilder Companies, 90 Pleasant Street, Methuen, MA 01844; 617-247-9200, Fax 617-247-4044; Web site: www.attheloop.com.

Jaylon, Inc. represented Northglenn LLC in the acquisition of Washington Center, a 64,945 sq.ft. neighborhood center in Northglenn, CO. The $5.6 million center is anchored by Walgreens, Salvation Army Thrift Store, Pizza Hut, Souper Salad, Check Intro Cash, Quality Auto Sound and 20 long-term tenants. Spaces from 480 sq.ft. to 8,500 sq.ft. are available. The center is located at the intersection of East 120th and Washington Streets, with a daily traffic count of 70,000 vehicles.

For more information, contact Jay H. Brown, Jaylon, Inc. 2550 Crawford Avenue, Evanston, IL 60201; 847-491-6787, Fax 847-491-6987; Email: jay@jaylon.com; Web site: www.jaylon.com.

Craig Michaels International is selling a Walgreens in Long Island, NY. The company is looking for an all-cash, NNN deal.

For more information, contact Michael Sweitzer, Managing Director, Craig Michael’s International, 929 Seventy First Street, Suite A5, Brooklyn, NY 11228; 718-745-1181, Fax: 253-550-8577; Email: crmichaels@aol.com, Web site: home.earthlink.net/~thesovereign/crmichaels

Hobb Partners, LLC acquired the 500,000 sq.ft. Plaza North Shopping Center in Terre Haute, IN. The shopping center is anchored by a 165,000 sq.ft. Menards and a 103,000 sq.ft. building under lease with F.W. Woolworth Co. The company is seeking to acquire additional shopping centers in the midwest.

For more information, contact Tyler Oliver, Henzlik-Oliver Real Estate Companies, LLC, 10841 West 87th Street, Suite 300, Overland Park, KS 66214, 913-438-9900, Fax 913-438-9994, Email: tsoliver@henzlikoliver.com.

Fischer Real Estate is looking to acquire supermarket-anchored centers in the central time zone area and nearby states. The company’s price range is from $5 million to $40 million, with Cap rates of 9.5% or better. The company also is looking for major retail opportunities preferably in the Eastern Time Zone. Single tenant properties, office or industrial sites from $5 million to $30 million also are being sought.

For more information, contact Joe Wissman, Wissman Commercial Real Estate, 23439 Michigan Ave. Suite 3W, Dearborn, MI 48124; 313-561-1900, Fax 313-561-1903; Email: fropone@ix.netcom.com

Goodstein Realty is looking to acquire shopping centers anywhere in the United States. The company prefers centers of at least 100,000 sq.ft.

For more information, contact Nilla Faringer, Goodstein Realty, 212 E. 47th St., New York, NY 10017; Fax 212-926-1623; Email: gfaringer@aol.com

Colliers International is looking to acquire a single tenant Blockbuster in the southwest and western United States.

For more information, contact Christopher D. Winters, Colliers International–Houston Office, Commercial Real Estate Services, 713-830-2106, Fax 713-986-4406.

Kin Properties, Inc. is looking to sell Old Time Pottery Plaza in Parma Heights, OH for $4,385,000. The center is anchored by Old Time Pottery, Dollar General, McSports and Party Places. Retail in the immediate area includes Costco, Sears, OfficeMax, Office Depot, Marc’s Discount Drug, Burlington Coat Factory, Old Navy, Marshalls and T.J. Maxx. The site is located at the intersection of 130th Street and Smith Road, and encompasses 160,000 sq.ft. The lot size consists of a land area of 14 acres. Kin Properties, Inc. also is marketing Five Points Plaza-Big Kmart Center in Fairborn, OH for $3,900,000. The center has a GLA of 136,555 sq.ft. and the land area consists of 15.52 acres. Tenants include Big Kmart, Dollar General, Bank One and Rent-A-Center.

For more information, contact Lee Cherney, Kin Properties, 185 N.W. Spanish River Boulevard, Box 500, Boca Raton, FL 33431, 1-800-833-4162, Ext. 111; Email: Lee.Cherney@kinproperties.com.

Coldwell Banker Commercial is looking to acquire several unanchored retail centers nationwide. The price range is from $1.3 million to $6 million. The company prefers numerous smaller tenants as opposed to a few large tenants.

For more information, contact John M. Yatsco, Coldwell Banker Commercial, 5501 Gulf Boulevard, Suite 103, St. Pete Beach, FL 33706; 727-367-2793, Fax 727-367-8733.

Sperry Van Ness is offering to sell the Devonshire-Reseda Shopping Center in Northridge, CA for $39,000,000. The grocery-anchored center consists of 176,882 sq.ft. and is anchored by Albertson, Walgreens, LA Fitness, REI sporting goods, Washington Mutual, Outback Steakhouse, The Coffee Bean & Tea Leaf, Pure Beauty, Supercuts, Subway and Manhattan Bagel. Demographics include a population of 146,984 within three miles earning $105,679 as the average household income.

For more information, contact Reza Etedali, Sperry Van Ness, 18881 Von Karman Avenue Suite 800, Irvine, CA 92612; 949-250-4100, Fax 949-250-4126; Web site www.svn.com

Dalworth Properties, Inc. is representing a client looking to acquire a retail center with a minimum GLA of 100,000 sq.ft.

For more information, contact Ed Tann, Dalworth Properties, Inc., 4320 Bellaire Drive, S104, Fort Worth, TX 76109; 817-926-0119, Fax 817-926-2821; Email: edtann@charter.net; Web site: www.dalworthprop.com.

Alexander & Baldwin acquired the Marina Shores retail center in Long Beach, CA from Rich/Koenig Marina, LLC for $19.55 million. Marina Shores comprises three buildings with a GLA of 67,727 sq.ft. on a land area of 6.7 acres. The center’s major tenants include Wild Oats Market, Petco and Boaters World Marine Center.

For more information, contact Meredith J. Ching, Alexander & Baldwin, Inc., 822 Bishop Street, Honolulu, HI 96801; 808-525-6669, Fax 808-525-6652; Email: mching@abinc.com

Goldstein Commercial Properties, Inc. and Childers Commercial Properties, Inc. sold Normandy Square Shopping Center in Jacksonville, FL for $5,014,000 to RIG Normandy Square, LLC. The 87,240 sq.ft. center is anchored by Winn-Dixie Marketplace and Eckerd Drugs.

For more information, contact Barry Goldstein, Goldstein Commercial Properties, 3753-1 Cardinal Point Drive, Jacksonville, FL 32257; 904-367-0009, Fax 904-367-0220.

Wissman Commercial Real Estate is seeking to acquire retail properties in the $5 million to $8 million range. The company also is seeking supermarket-anchored centers in FL, MI and New England. The company requires a minimum GLA of 125,000 sq.ft.

For more information, contact Joe Wissman, Wissman Commercial Real Estate, 23439 Michigan Avenue, Suite 3W, Dearborn, MI 48124, 313-561-1900, Fax 313-561-1903; Email: propone@ix.netcom.com

One Liberty Properties, Inc., in a joint venture with OLP Holding, LLC, acquired an 88,660 sq.ft. Regal Cinemas Theater in Austell, GA for $11.8 million, an 88,000 sq.ft. AMC Theater in Morrow, GA for $14.1 million and a 75,000 sq.ft. Regal Theater in Beavercreek, OH for $9.725 million.

For more information, contact Mark Lundy, One Liberty Properties, Inc., 60 Cutter Mill Road Suite 303, Great Neck, NY 11021; 516-466-3100, Fax 516-466-3132.

Edens & Avant is selling the Robbins Town Center in Robbins, NC. The 42,577 sq.ft. supermarket-anchored neighborhood shopping center is 100% occupied. Anchors include Lowes and Dollar General.

For more information, contact Victor John or James Harrison, Edens & Avant, PO Box 528, Columbia, SC 29202; 803-779-4420, Fax 803-765-0684; Web site: www.edensandavant.com; Email: victorj@edensandavant.com or jamesh@edensandavant.com

MJB Real Estate Services has been chosen as the listing agent for Blockbuster Plaza in Meriden, CT. The asking price is $3.1 million. The site, which consists of 25,486 sq.ft., is occupied by Blockbuster Video, Century 21, and the Meriden Post Office.

For more information, contact Kimberly Breyan, MJB Real Estate Services Corp.,734 Post Road East,Westport, CT 06880, 203-222-6200; Fax 203-222-6202, Web site: www.mjbcorp.com

Cencor Realty Services and GE Capital Real Estate are looking to acquire shopping centers in Dallas/Fort Worth, Austin, Houston and San Antonio, TX.

For more information, contact Ian Pierce, The Weitzman Group, 3102 Maple Avenue Suite 350, Dallas TX 75201; 214-720-6633, Fax 214-953-0866.

Robert Stuart & Associates is looking to acquire Publix or Winn-Dixie-anchored shopping centers in FL. The company is flexible on size, location and Cap rates.

For more information, contact Robert Stuart, 2717 Cleburne Road, Orlando, FL 32817; 407-277-1628, Fax 407-277-1628; Email: rubobstu@aol.com.

Leffler & Associates is marketing four Eckerd locations with asking prices ranging from $3 million to $5.6 million with Cap rates of 9.25%. The drug stores are located in southwest FL. The NNN leases run 20 years with four five-year options.

For more information, contact Ryan Leffler, Leffler & Associates, 301 West State Route 434, Suite 317, Winter Springs, FL 32708; 239-489-0444, Fax 239-489-1504; Email: ryan@lefflerandassociates.com.