Paramount Realty Service is looking to acquire shopping centers in DE, PA and NJ. The company recently acquired Marlton Specialty Center, a lifestyle center in Evesham Township, NJ. The company also developed a 125,000 sq.ft. supermarket-anchored center in Ocean County, NJ. The company looks for acquisitions in the $10 million to $100 million price range.

For more information, contact Maurice Zekaria, Paramount Realty Service, 1195 Highway 70, Suite 2000, Lakewood, NJ 08701; 732-886-1500.

Equity Properties sold The Shops at Yorktown to Highland Development Group. The center is located at the intersection of Routes 611 and 73 in Elkins Park, PA. Highland Development plans to re-develop the space, which is expected to be completed by May, 2003. The company also sold North Wales Plaza, a 34,676 sq.ft. center located in Montgomeryville, PA for $4.6 million.

For more information, contact Edward Ginn, Equity Properties, 600 Haverford Road, Suite 204, Haverford, PA 19041; 610-645-7700.

For more information, contact Steve Jacquemin, S.J. Financial Group, Inc., 9990 Manchester Road, St. Louis, MO 63122; 314-965-4844, Fax 314-965-4551; Email: sjacquemin@ccim.net.

For more information, contact Steven M. Esposito Sr., CB Richard Ellis/Pittsburgh LP, Pennsylvania RS-227719-L, US Steel Tower, 14th Floor, 600 Grant Street, Pittsburgh, PA 15219; 412-394-9845, Fax 412-918-5638.

For more information, contact John W. Dowd III, The Goodman Co., 777 South Flagler Drive, Suite 1101E, West Palm Beach, FL 33401; 561-833-3777.

For more information, contact Bill Sasloff, Bank Development Group, PO Box 10479, Baltimore, MD 21209-0479; 410-435-5700 Ext. 106, Fax 410-435-1353.

For more information, contact Milt Rapkin, 90 Saint Regis Drive North, Rochester, NY 14618; 585-244-9489.

Ross Realty acquired College Parkway Center, an 80,000 sq.ft. center in Fort Myers, FL from LEF/College Parkway for $11.1 million. The company also acquired Shoppes of Boynton in Boynton Beach, FL from GE Capital Realty Group for $17.35 million. The179,000 sq.ft. center is located at the intersection of Congress Avenue and Gateway Boulevard and is anchored by Ross ‘Dress for Less’, Tuesday Morning, Boynton Ale House and Regal Cinema.

For more information, contact Bob Sherman, Ross Realty Investments, Inc., 3325 South University Drive, Suite 210, Davie, FL 33328; 954-452-5000; Web site: www.ross-realty.com.

The Staubach Co. has four Fleming stores in TX and one store in NM available for sale. The leases run 15 years with bumps in the 10th year. All of the leases have five-year options with bumps every five years. The stores are located in Rowlett, Garland, Mesquite and The Colony, TX and Las Cruces, NM. Asking prices range from $4.87 million to $5.72 million.

For more information, contact Todd Minnis, The Staubach Co., 15601 Dallas Parkway 400, Dallas, TX; 972-361-5088.

Ashley/Karns/Baker Properties, Ltd. is looking to acquire up to $15 million of retail centers in TX. The minimum asking price is $2.5 million and the company is not looking for single tenant net leases.

For more information, contact Michael D. Karns, Karns Commercial Real Estate, Inc., 4300 North Central Expressway, Suite 211, Dallas, TX 75206; 214-826-5300, Fax 214-826-5880; Email: mdk@karnscommercial.com.

Shopping Centers Properties, Inc. is looking to acquire Food Lion-anchored shopping centers in NC and SC within two hours of a major airport. The company will buy all cash or subject to existing debt.

For more information, contact Michael Oestreich, Shopping Center Properties, Inc., 488 Madison Avenue, 8th Floor, New York, NY 10022; 212-593-3600; Email: mikeo@scpre.com.

Madison Acquisition Group, LLC acquired Crossroads Plaza in Mt. Pleasant, PA from New Plan Excel Realty Trust. The 106,000 sq.ft. center is anchored by Big Lots, Tractor Supply, Save-A-Lot food stores and Dollar General. The center has 5,200 sq.ft. available for lease and a 1.5 acre outparcel is available for sale or ground lease. Madison Acquisition Group, LLC continues to look for value-added retail assets throughout the Mid-Atlantic region with an immediate need for centers in western PA, eastern OH, MD and WV.

For more information, contact Matthew Bond, Madison Acquisition Group, LLS 437 Grant Street, Suite 1600, Pittsburgh, PA 15219; 412-281-1880, Fax 412-281-5772; Email: mbond@madisonrealtygroup.com.

For more information, contact John O’Connell, ServiceStar Commercial Real Estate, 12750 South Harlem Avenue, Palos Heights, IL 60463; 312-543-6632, Fax 708-361-1782; Email: jjoc72@aol.com.

Aaron Asset Group is representing an investor who is seeking to acquire land parcels of 10 to 25 acres that would be suitable to develop strip centers and senior housing. For the strip centers, the land must be priced so that there is still some incentive left on the table. For the senior housing, the land should be located in an area of older single family housing and show a high percentage of residents over the age of 55.

For more information, contact Michael Staver, Aaron Asset Group, 1925 Olive Street, Denver, CO 80220; 303-388-0602; Fax 214-722-1865.

McLaughlin Investments, Inc. is representing a 1031 Exchange buyer who is looking to acquire retail, office and/or NNN property. The buyer has $2 million equity and is seeking a $3 million to $4 million acquisition with a minimum 10% cash on cash return.

For more information, contact John J. McLaughlin III, McLaughlin Investment, Inc., 8 New England Executive Park, Burlington, MA 01803; 781-229-2022, Fax 781-270-5002.

Arroyo & Coates is selling a Walgreens drug store at the intersection of 2105 East Wellesley Avenue and Crestline Street in Spokane, WA. The store occupies a space of 15,120 sq.ft. The asking price is $4.65 million with a Cap rate of 8%. The lease term is 60 years with eight five-year options to terminate starting after the 20th year.

For more information, contact Paul Souza, Arroyo & Coates, 500 Washington Street, Suite 700, San Francisco, CA 94111; 415-445-7800, Fax 415-677-0967; Email: psouza@-c.com.

The Boulder Group is marketing several single tenant net leased retail properties nationwide including Walgreen’s, Eckerd, CVS and McDonald’s.

For more information, contact Randy Blankstein, The Boulder Group, 1945 Techny, Suite 6, Northbrook, IL 60062; 847-562-0003; 847-589-1217; Email: blankstein@1031properties.com.

Net Leased Investment Co. is selling the following properties: a 1.2 acre retail site in front of a Kash n’ Karry Shopping Center in Winter Springs, FL for $700,000 and a 23,500 sq.ft. OfficeMax in TN for $2.43 million with a Cap rate of 10.25%. The OfficeMax has a 15-year NN lease that commenced in June 2000. The company also is seeking a single tenant property in FL or TX with an asking price between $800,000 and $2 million. The company prefers absolute net leases with at least 15 years remaining.

For more information, contact Bob Fraser, Net Leased Investment Co., 103 Blue Creek Drive, Winter Springs, FL 32708; 407-977-2448, Fax 407-977-0775; Email:bobfraser@netleased.com; Web site: www.netleased.com.

For more information, contact The Mills Corp., 1300 Wilson Boulevard, Suite 400, Arlington, VA 22209; 703-526-5000.

TCI Group, Michael Green Agency, LLC is marketing five outparcels adjacent to Lowe’s Home Improvement in Johnson City, TN. The outparcels are available for sale, lease or build to suit. Parcel three encompasses a land area of 4.2 acres and is available for ground lease only. The asking price is $126,000 per acre; parcel four encompasses a land area of 2.04 acres and the asking price is $500,000; parcel five encompasses a land area of two acres with an asking price of $660,000; parcel six encompasses a land area of 1.83 acres with an asking price of $510,000 and parcel seven encompasses a land area of 1.88 acres with an asking price of $370,000. Demographics include a population of 27,516 within three miles earning $62,963 as the average household income.

For more information, contact Tina Holt, TCI Group, Michael Green Agency, LLC, 131 Pickens Bridge Road, Johnson City, TN 37615; 423-282-1176, Fax 423-282-1137.

For more information, contact Gene Artusa, First Realty, Inc., 104 South Harbor Boulevard, Suite A, Melbourne, FL 32901; 866-608-0716, Fax 321-676-7664.

For more information, contact Dawn Bryant, NAI ISAAC Commercial Properties, Inc., 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000, Fax 859-224-0848; Email: dawnbryant@naiisaac.com; Web site: www.naiisaac.com.

Pan Pacific Retail Properties, Inc. acquired Larwin Square in Tustin, CA and Gordon Ranch Marketplace in Chino Hills, CA for a total of $47.1 million. Larwin Square is located at the intersection of Newport Boulevard and 1st Street. The 210,136 sq.ft. center is 94% leased and is anchored by Vons Supermarket, Rite Aid Drugs, Jo-Ann Fabrics & Crafts, Kragen Auto and Big 5 Sporting Goods. Gordon Ranch Marketplace is a 114,574 sq.ft. center situated on Chino Hills Parkway. The center is 91% leased and is anchored by Ralph’s supermarket. The company also sold Dodge Center, a 49,258 sq.ft. shopping center in Fallon, NV; St. Johns Center, a 58,770 sq.ft. shopping center in Portland, OR, and Tacoma Shopping Center, a 14,448 sq.ft. single-tenant property in Portland, OR for a total of $8.7 million.

For more information, contact Carol Merriman, Pan Pacific Retail Properties, Inc., 1631 South Melrose Drive, Suite B, Vista, CA 92083; 760-727-1002.

For more information, contact John A. Glass, Marcus & Millichap, 750 Battery Street, Fifth Floor, San Francisco, CA 94111; 415-391-9280, Fax 415-398-4913; Email: jglass@speakeasy.net.

Cadence Capital Investments is selling the following properties: five Advance Auto stores, including three in LA and two in TX. The asking prices range from $800,000 to $1.13 million with 10-year net leases; Children’s Learning Center in CO with an asking price of $2 million and a 15-year NNN lease with increases and Knowledge Beginnings in NC, with an asking price of $2.36 million with a Cap rate of 9 % and a 15-year NNN with increases.

For more information, contact Piet Visser, Cadence Capital Investments, 5346 College Avenue, Oakland, CA 94618; 510-420-3700.

For more information, contact Kate Gomez, S.L. Nusbaum Realty Co., 1000 Bank of America Center, Norfolk, VA 23510; 757-640-2254.