Cedar Income Fund, Ltd. entered an agreement to acquire Loyal Plaza Shopping Center, a 293,000 sq.ft. supermarket-anchored center located in Williamsport, PA. The center will be acquired for $18.3 million. A 67,000 sq.ft. Giant supermarket, 102,000 sq.ft. Kmart and 11,000 sq.ft. Eckerd anchor the center.

For more information, contact Cedar Income Fund, Ltd., 44 South Bayles Avenue, Suite 304, Port Washington, NY 11050; 516-767-6492, Fax 516-767-6492; Web site: www.cedarincomefund.com.

Ram Commercial Group is marketing a 8,160 sq.ft. Men’s Warehouse located on a 0.77-acre parcel on Northwest 107th Avenue and Northwest 17th Street in Miami, FL. Area demographics include a population of 307,122 residing within a five-mile radius earning an average household income of $64,208. The site has an average daily traffic count of more than 50,000 vehicles. The property has a 10-year NNN lease, excluding roof and structure, with three five-year options. The asking price is $2.3 million with a 9% Cap rate.

For more information, contact Jeff Mooallem, Ram Commercial Group, 3399 PGA Boulevard, Suite 450, Palm Beach Gardens, FL 33410; 561-630-6110, Fax 561-630-6717; Email: jmooallem@ramrealestate.com; Web site: www.ramrealestate.com.

Mountain States Group is looking to acquire commercial properties and shopping centers nationwide. Large portfolios of more than $100 million are sought.

Marcus & Millichap Real Estate Investment Brokerage Co. represented Centre Stage Associates LLC in the sale of the Centre Stage in Norcross, GA. The 98% leased center was sold to Centre Stage Property LLC for about $8 million. The 95,357 sq.ft. center is located at 6050 Peachtree Parkway and is anchored by a 58,890 sq.ft. Kroger supermarket. The company also brokered the sale of the Uptown Downtown Outlet Center in West Palm Beach, FL. The property was sold by Equity Trust Group to Jefferson Square Inc. for $7 million. The 216,128 sq.ft. center is situated on about 18 acres at 5700 Okeechobee Boulevard. The new ownership plans a complete renovation and will seek outlet and upscale flea market retailers.

NAI Capital Commercial is marketing a Food 4 Less in the western U.S. with 14 years remaining on a 20-year true NNN lease with rental increases every five years. The asking price is $4,565,000 with existing, self-amortizing financing of $2.3 million. The seller believes it is an ideal 1031 investment or a tax deferred entity.

Eyde Co. is marketing three outparcels adjacent to a Wal*Mart development in the Okemos, MI market. Neighboring retailers include David’s Bridal, Jacobson’s, Talbots, Target, Marshalls, Marshall Field’s, Home Depot and Toys "R" Us. The average household income for the trade area is $94,210.

Colleyville Economic Development Department is marketing an 86,000 sq.ft. Kmart building on 7.6 acres in the Dallas/Fort Worth, TX market. Area demographics include a population of 340,000 residing within a 15-minute drive earning an average household income of more than $75,000.

Turner Net Lease Properties, Inc. is representing a 1031 Exchange client that is looking for ground leases. The buyer has $1.1 million in cash available. The company only is interested in principals or direct brokers.

Gemini Investment & Realty, Corp. is looking for Walgreens deals nationwide for qualified buyers and investors with and without 1031 criteria.

Goodstein Realty NYC, Inc. is marketing a portfolio featuring 16 Rite Aid stores, four Family Dollar stores and six satellite tenants. Most of the properties are located throughout NY. The remaining Rite Aid lease terms range from four to 16 years. The asking price is $19.624 million.

Crest Net Lease is marketing 12 Pizza Hut restaurants located throughout the southeastern U.S. The asking prices range from $884,000 to $1.75 million with a Cap rate of 8.5%. The properties have 20-year NNN leases with increases. The restaurants are new prototype buildings of about 3,500 sq.ft.

Dan Schwartz Realty Inc. is marketing a 10,000 sq.ft. building that is leased to several stores. The building is situated on 45,000 sq.ft. and has a monthly modified gross income of $11,400. The site is located at a high traffic area in a large Hispanic community in the southwest. The asking price is $1.1 million.

Phase One Realty, Inc. is marketing a new Walgreens in Santa Fe, NM. The rent commences during July 2002. The property has a 25-year base term, absolute NNN lease and is being offered at 8.25% Cap rate.