Buyers & Sellers
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Buyers & Sellers

Goldschmidt & Associates is looking to acquire multiple 1031 investments throughout CT, NJ, NY and eastern PA. The company will acquire sites up to $5.2 million with equity replacement of $1.3 million; sites up to $20 million with equity replacement of $5 million and sites up to $32 million with equity replacement of $8 million.

For more information, contact Jonathan Daniel, Goldschmidt & Associates, 270 Greenwich Avenue, Greenwich, CT 06830; 203-869-8608, Fax 202-869-2622; Email: jdaniel@goldschmidtre.com; Web site: www.goldschmidtre.com.

Trammell Crow Co. is selling an ExxonMobil site located at the intersection of Orange and McCoy in Orlando, FL for $750,000. The site is situated on a land area of 56,628 sq.ft. Deed restrictions include 10 years for the sale and storage of gasoline.

For more information, contact Andy Hawkins, Trammell Crow Co., 1900 Summit Tower Boulevard, Suite 750, Orlando, FL 32810; 407-618-1279, Fax 407-618-1230; Email: ahawkins@trammellcrow.com; Web site: www.trammellcrow.com.

Cushman & Wakefield of Georgia, Inc. is selling Conyers Exchange, a 61,979 sq.ft. center located at 1543 Stockbridge Highway in Conyers, GA for $5.5 million with a Cap rate of 10.04%. The center is 100% leased and is tenanted by Mattress King, Hairport East, Panielle’s Spa, Pro Temps, Beauty Alliance, Alejo Camarena, Goodwill, Play It Again Sports, Home Sweet Home, Mail Plus, Inc. and Titlewave. The center is situated on a land area of 5.86 acres.

For more information, contact Stewart Calhoun, Cushman & Wakefield of Georgia, Inc., 3300 One Atlantic Center, 1201 West Peachtree Street, Atlanta, GA 30309; 404-875-1000, Fax 404-875-4637; Web site: www.cushwake.com.

Karns Commercial Real Estate, Inc. is looking to acquire a site for a 1031 exchange requirement. The company will acquire shopping centers, freestanding buildings or land. The company will not consider low cap, single tenant deals or new fully leased centers.

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.

G&S Commercial Properties, LLC sold Cherry Hill Centre, a 45,000 sq.ft. center located in Cherryville, NC, to Perrine & Wheeler for $2 million. The center is anchored by Food Lion and Family Dollar.

For more information, contact Brian C. Grabowski, G&S Commercial Properties, LLC, 1135 Kildaire Farm Road, Suite 200, Cary, NC 27511; 919-674-2012, Fax 919-674-2015.

Sizeler Property Investors, Inc. acquired the Florida Shores Plaza Shopping Center, a 79,605 sq.ft. center located in Edgewater, FL. The center is 100% leased and is anchored by a 50,137 sq.ft. Winn-Dixie supermarket.

For more information, contact Sizeler Property Investors, Inc., 2542 Williams Boulevard, Kenner, LA 70062; 504-471-6200, Fax 504-471-6291; Web site: www.sizeler.net.

Advantis sold a 173,000 sq.ft. center located in Plantation, FL. The center is anchored by Publix, Eckerd and Stein Mart.

For more information, contact Brad C. Luger, Advantis, 4300 West Cypress Street, Suite 1000, Tampa, FL 33607; 813-342-4707; Email: bluger@advantisgva.com.

Capitol Real Estate Advisors is representing two separate buyers looking to acquire centers. The first buyer has an immediate need to replace a 1031 exchange in the $10 million range, preferably in OH. The second buyer is looking to acquire strip centers nationwide. The client is seeking stable centers with a reasonable Cap rate with at least one regional/national anchor.

For more information, contact Richard A. Herman, Capitol Real Estate Advisors, Inc., 4200 Regent Street, Suite 200, Columbus, OH 43219; 614-944-5252.

CB Richard Ellis, Inc. is marketing the following three Wal*Mart locations throughout FL: A 115,752 sq.ft. store located at 10400 South Federal Highway in Port St. Lucie for $3.4 million; a 94,996 sq.ft. store located at 101 North Florida Highway 19 in Palatka for $1.883 million and a 70,532 sq.ft. store located at 422 Havendale Boulevard in Auburndale for $1.158 million.

For more information, contact Donna Kolius, CB Richard Ellis, Inc., 2700 Post Oak Boulevard, Suite 400, Houston, TX 77056; 877-845-3443, Fax 713-960-8583; Web site: www.cbre.com/walmart.

NAI Desco Commercial is selling The Mall At Wentzville Crossing located at 100 Mall Parkway in Wentzville, MO for $6.6 million. The center is situated on a land area of 30.81 acres. The site has an average daily traffic count of 107,000 vehicles.

For more information, contact Scott Saunders, NAI Desco Commercial 8235 Forsyth Boulevard, Suite 210, St. Louis, MO 63105; 314-994-4444, Fax 314-994-4088; Email: ssaunders@descocommercial.com ; Web site: www.descocommercial.com.

Insite Commercial Group/TCN Worldwide is selling five former Bill Knapp restaurants throughout MI, as well as the headquarters of Bill Knapp. The restaurants are located in Ypsilanti, Livonia, Jackson, Dearborn and Farmington Hills. The former headquarters, a 120,000 sq.ft. distribution facility, is located in Battle Creek.

For more information, contact Nicole Coschino, Insite Commercial Group/TCN Worldwide, 25800 Northwestern Highway, Suite 720, Southfield, MI 48075; 248-355-6141, Fax 248-359-0009; Email: ncoschino@insitecommercial.com ; Web site: www.insitecommercial.com.

Mountain Development Corp. acquired Eastern Hills Mall located in Buffalo, NY from Simon Property Group. The one million sq.ft. regional mall is anchored by Kaufmann’s, The Bon Ton, Sears and JCPenney.

For more information, contact Paulette Russell, Mountain Development Corp., 100 Delawanna Avenue, Suite 100, PO Box 1069, Clifton, NJ 07015-1069; 973-279-9000, Fax 201-520-0182. Or call 609-397-7680, Fax 609-397-3802; Email: paulette27@comcast.net ; Web site: www.mdcretail.com.

John Bowles Co. is selling University Hills, a 55,478 sq.ft. center located at 2700-2742 O’Connor in Irving, TX. The center has space available of 10,300 sq.ft. Lease rates are $14 psf with NNN of $3.50 psf.

For more information, contact Lynn Dowdle or Mike Cagle, John Bowles Co., 17400 North Dallas Parkway, Suite 120, Dallas, TX 75287; 972-267-7000, Fax 972-267-1700; Emails: ldowdle@johnbowles.com  and mcagle@johnbowles.com ; Web site: www.johnbowles.com.

The Staubach Co. is selling the following Publix supermarkets: A location in Atlanta, GA for $6,040,116 with a Cap rate of 6.75%; a location in Orlando, FL for $4,544,548 with a Cap rate of 6.75% and a location in Summerville, SC for $5,312,667 with a Cap rate of 6.75%. The supermarkets have five, five-year renewal options at a flat rate.

For more information, contact John Hammill or Ken Shulman, The Staubach Co., 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5109, Fax 972-361-5909; Emails: john.hammill@staubach.com  and ken.shulman@staubach.com; Web site: www.staubach.com.

Divaris Real Estate, Inc. sold a land area of 1.656 acres in Franklin County, VA to DG Rocky Mount, LLC. The buyer intends to use the land to build-to-suit a freestanding Dollar General store.

For more information, contact Brett Womack, Divaris Real Estate, Inc., 1111 East Main Street, Suite 801, Richmond, VA 23219; 804-643-4700, Fax 804-643-4770; Web site: www.divaris.com.

Marcus & Millichap Real Estate Investment Brokerage Co. is selling a Publix-anchored center located in Sarasota, FL for $16.1 million with a Cap rate of 7.4%. The Northridge Publix Shopping Center is currently under construction at the intersection of Northridge Road and Honore Avenue in the Palmer Ranch area. Completion is slated for November. The offering includes 65,440 sq.ft. situated on a land area of 12.3 acres, including a 44,840 sq.ft. Publix. Cotenants include Super Cuts and UPS Store. The company also sold the Apopka Regional Shopping Center, a 171,000 sq.ft. center located in Apopka, FL for $12 million. The center is anchored by a 29,000 sq.ft. Kash ‘N Karry and a 26,421 sq.ft. Big Lots. Cotenants include Beall’s Outlet, KnK Liquor Store, Goodwill, Eckerd, Payless Shoes, GNC and Sally Beauty Supply. The center is currently 90% occupied. The company also is selling a 30,000 sq.ft. OfficeMax located at 3540 East Second Street in Casper, WY for $3.16 million with a Cap rate of 9.8%. The store is part of a four-property portfolio that has three, five-year options. The site is just east of East Ridge Mall, which is the largest mall in central WY. Tenants include BonMarche, JCPenney, Sears, Target, GART Sports, Radio Shack, Walden Books, Foot Locker, Hometown Buffet, Musicland and Payless Shoe Source.

For more information, contact Lori Schneider, Marcus & Millichap Real Estate Investment Brokerage Co., 5900 North Andrews Avenue, Suite 100, Fort Lauderdale, FL 33309; 954-463-2400, Fax 954-463-9222; Web site: www.marcusmillichap.com. For more information regarding the Office Max, contact Marcus & Millichap, 1401 Seventeenth Avenue, Suite 1100, Denver, CO 80202; 303-320-1300, Fax 303-308-9048.

Rockwood Realty Associates, LLC is marketing The Mall at Shelter Cove, a 255,731 sq.ft. center located in Hilton Head, SC. The center is anchored by Belk and Saks Fifth Avenue and is tenanted by Talbot’s, Ann Taylor, Chico’s, White House, Banana Republic, Oscar Thompson Shoes, Victoria’s Secret and Williams-Sonoma.

For more information, contact Lisa Malone, Rockwood Realty Associates, 555 Fifth Avenue, 5th Floor, New York, NY 10017; 212-286-5800 Ext. 281; Web site: www.rockwoodrealty.com.

Sperry Van Ness is selling the following properties throughout Las Vegas, NV: a Roadhouse Grill for $1.99 million with NNN and a long-term lease with options; Green Valley Parkway Plaza, a 100% leased center, for $2.5 million and Summerhill Plaza, a mixed-use center tenanted by a bank and Nextel Communications, for $4.29 million. The company also is selling Del Norte Plaza, a center located in Escondido, CA for $33 million. The 231,000 sq.ft. center is anchored by Von’s, Sav-On Drugs and LA Fitness. The company also is selling the following centers: Beach Garfield Plaza, a 39,407 sq.ft. center in Huntington Beach, CA for $7.5 million; Placentia Plaza in Placentia, CA for $6.25 million with a Cap rate of 8%; Runnemede Plaza, a supermarket-anchored center in Runnemede, NJ, for $3 million and All Serve Auto Center in Mesa, AZ for $2.5 million with a Cap rate of 8%.

For more information, contact Reza Etedali, Sperry Van Ness, 18881 Von Karman, Suite 800, Irvine, CA 92612; 949-250-4100, Fax 949-251-9200; Email: etedali@svn.com; Web site: www.svn.com. For information regarding Beach Garfield Plaza, contact J.C. Fan at 909-466-2500; Email: fanj@svn.com. For more information regarding Runnemede Plaza, contact Joseph French at 914-682-6868; Email: frenchj@svn.com. For more information regarding All Serve Auto Center, contact Jeff Chalfin and Ari Spiro at 480-425-5500; Emails: chalfinj@svn.com  and spiroa@svn.com.

New England Retail Properties, Inc. is marketing a 118,000 sq.ft. former Kmart building located just off Exit 39 in Windsor, CT. The center is situated on a land area of 21 acres. Area retail includes Super Stop & Shop and Blockbuster Video. Area demographics include a population of 50,000 within five miles earning $80,000 as the average household income.

For more information, contact Mark D’Addabbo, New England Retail Properties, Inc., 1160 Silas Deane Highway, Wethersfield, CT 06109; 800-529-9000.

Holliday Fenoglio Fowler sold Preston Forest Village, a 166,638 sq.ft. supermarket-anchored center in Dallas, TX.

For more information, contact Jim Batjer, Holliday Fenoglio Fowler, One Lincoln Park, 8401 North Central Expressway, Suite 400, Dallas, TX 75225; 214-265-0800, Fax 214-265-1686; Web site: www.hfflp.com.

Woolbright Development, Inc. acquired Sea Ranch Centre, a 94,832 sq.ft. center located in Lauderdale-By-The-Sea, FL for $14.4 million from North American Properties. The center is located on A1A, one mile north of Commercial Boulevard.

For more information, contact Duane J. Stiller, Woolbright Development, Inc., 4800 North Federal Highway, Suite 108D, Boca Raton, FL 33431; 561-393-9933.

Edens & Avant acquired seven Giant Food-anchored centers in the Washington, DC area that comprise 653,000 sq.ft. The centers were purchased from GFS. The stores are located in Cardinal Forest, Elden Street Marketplace and Lake Ridge Commons in Fairfax County, VA; Wellington Station in Prince William County, VA; Burtonsville Crossing and Neelsville Village Center in Montgomery County and Marlboro Crossroads in Prince George’s County, MD.

For more information, contact Susan Sale-Korper, Edens & Avant, 900 Bank of America Plaza, 1901 Main Street, Columbia, SC 29201; 803-779-4420, Fax 803-765-0684; Email: sale@edensandavant.com; Web site: www.edensandavant.com.