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

 

Buyers & Sellers


DutteRealty.com represented Timber Pines Centre Limited Partnership in the sale of Timber Pines Shopping Centre located in Spring Hill, FL for $2.1 million.

For more information, contact Heidi Tuttle-Beisner, DutteRealty.com, 2629 McCormick Drive, Clearwater, FL 33759; 727-723-1612, Fax 727-723-7873; Web site: www.dutterealty.com.

McDaniel & Co. is selling a 58,000 sq.ft. shopping center located on the coastal plain of SC for $2.1 million with a Cap rate of 11%.

For more information, contact Bill McDaniel, McDaniel & Co., PO Box 5930, Spartanburg, SC 29304; 864-576-4660; Email: billmcrltr@aol.com.

RMC Property Group represented Venice SC Co., Ltd. in the sale of Rialto Shopping Center, a 71,917 sq.ft. center located on South Tamiami Trail in Venice, FL, to Lindsay-Rialto, LLC. The company also represented Rosewood Associates Ltd. in the sale of Rosewood Center, a 31,698 sq.ft. center located on West Fletcher Avenue in Tampa, FL.

For more information, contact Michael Leeds, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 813-960-8154 Ext. 222, Fax 813-963-2596; Web site: www.rmcpg.com

 

Advantis Real Estate Services is representing a client with up to $4 million looking to invest in retail or office properties throughout the Southeast with a minimum Cap rate of 8%. The client prefers NNN deals, but would consider other offers.

For more information, contact Zachary W. Means, Advantis Real Estate Services, 707 East Main Street, Suite 1400, Richmond, VA 23219; 804-644-4066, Fax 804-783-1920; Email: zmeans@advantisgva.com; Web site: www.advantisgva.com.

Coldwell Banker Commercial NRT is selling a 43,500 sq.ft. center situated on a land area of 5.88 acres in Pembroke Pines, FL for $1 million with a Cap rate of 9%. The center is currently 96.5% leased with 19 tenants.

For more information, contact Allan Cohen, Coldwell Banker Commercial NRT, 20803 Biscayne Boulevard, Suite 102, Aventura, FL 33180; 305-215-3668, Fax 954-454-7216; Email: allan.cohen@coldwellbanker.com.

Allegro Realty Advisors, Ltd. is representing a client looking for sites throughout northern OH and Naples, FL.

For more information, contact Adam P. Bradford, Allegro Realty Advisors, Ltd., Park Center 1, 6100 Oak Tree Boulevard, Suite 200, Independence, OH 44131; 216-524-0710 Ext. 109; Web site: www.allegrorealty.com.

Madison Realty Group, Inc. is selling neighborhood, community and strip centers sq.ft. located east of the Mississippi River. The company is more flexible in the Mid-Atlantic states. The last three acquisitions were in OH, PA and WV. The company prefers centers with occupancy rates between 40% and 85% and will consider ground-up development or vacant centers within three hours of Pittsburgh.

For more information, contact Matthew Bond, Madison Realty Group, 437 Grant Street, Suite 1550, Pittsburgh, PA 15219; 412-281-1880, Fax 412-281-5772; Email: mbond@madisonrealtygroup.com.

Marcus & Millichap Real Estate Investment Brokerage Co. sold a Home Depot store located in Colma, CA for $32.5 million with a Cap rate of 6.75%. The sale represents more than $320 psf. The sale includes fee simple interest in nine acres of land and improvements with a 116,434 sq.ft. building and a multi-level parking garage.

For more information, contact Larry Gray, Marcus & Millichap Real Estate Investment Brokerage Co., 16830 Ventura Boulevard, Suite 100, Encino, CA 91436; 925-979-9810 Ext. 116, Fax 818-501-8230; Web site: www.marcusmillichap.com.

REW Commercial is selling a 16,300 sq.ft. center with a 17,000 sq.ft. outparcel in Hollywood, FL for $1.75 million. The center is fronted on a busy roadway which leads to Route 441 and University Drive.

For more information, contact Dael Sidney, REW Commercial, 221 West Hallandale Beach Boulevard, Hallandale Beach, FL 33009; 954-455-3366, Fax 954-455-3330; Email: daels@rewcommercial.com.

Wolff Properties is selling NNN single-tenant properties from $150,000 to $5 million with Cap rates of 7.75% throughout CA, FL, IL, KY and MO.

For more information, contact Cheri Haines, Wolff Properties, 225 South Meramec, Suite 411, St. Louis, MO 63105; 314-727-9800, Fax 314-727-8341; Email: chaines@wolffproperties.com.

Mid-America Real Estate Corp. is selling a vacant Kmart located at the intersection of 11th Street, also known as U.S. Route 33, and Bertrand Avenue in Berrien County, MI for $1.5 million. The 105,210 sq.ft. building is situated on a land area of 11.65 acres.

For more information, contact Ben Wineman, Mid-America Real Estate Corp., Two Mid-America Plaza, Third Floor, Oakbrook Terrace, IL 60181; 630-954-7336, Fax 630-954-7304; Web site: www.midamericagrp.com.

Phase One Realty, Inc. is selling a Goodyear Tire Center located one block off Interstate 45 in Houston, TX for $718,000 with a Cap rate of 8%. The lease has five years remaining with five, five-year options to extend at increasing rental rates. The building is 5,200 sq.ft. with a 33,530 sq.ft. parcel.

For more information, contact Robert H. Fippinger, Phase One Realty, Inc., 333 Montezuma Avenue, 2nd Floor, Santa Fe, NM 87501; 505-988-3883 Ext. 2, Fax 505-988-5134; Email: rhf@phaseonerealty.com.

Commercial Landtec Corp. is selling a 3,500 sq.ft. former Hardees situated on a land area of 1.6 acres at the intersection of Highway 17 Bypass and Highway 707 in Myrtle Beach, SC with an average daily traffic count of 22,300 vehicles. The asking price is $1.89 million. The company also is selling a site situated on a land area of 2.32 acres on Highway 17 in Garden City Beach, SC for $1.1 million. The site has an average daily traffic count of 35,000 vehicles.

For more information, contact Mitchell Flannery, Commercial Landtec Corp., 541 Atlantic Avenue, Garden City, SC 29576; 843-357-2555, Fax 843-357-6040.

Northeast Net Leased Property Group is selling a 59,962 sq.ft. Giant Eagle located in Fayette Plaza in Uniontown, PA with a Cap rate of 8.50%. The tenant is responsible for CAM, tax, insurance, roof and structure. The primary lease term is 20 years. The site is situated on a land area of 6.5 acres.

For more information, contact Michael O’Mara, Northeast Net Leased Property Group, 21 Oak Street, Medway, MA 02053; 508-321-1422, Fax 508-321-1344; Email: netleased@comcast.net.

Inland Real Estate Sales, Inc. is selling Fairway Plaza, a 6,700 sq.ft. center located at 1201 East Higgins Road, just west of the intersection of State Routes 83 and 72, in Elk Grove Village, IL for $1.05 million. Tenants include a Chinese restaurant and a convenience store.

For more information, contact Rick Fox, Inland Real Estate Sales, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 630-218-8000 Ext. 4896; Email: rfox@inlandgroup.com; Web site: www.inlandgroup.com.

Gregory Greenfield & Associates, Ltd. acquired Searstown Mall, a 663,000 sq.ft. regional mall located in Leominster, MA. The mall is anchored by Filene’s, JCPenney, Sears, Circuit City, Old Navy and Toys "R" Us and also features over 60 specialty stores.

For more information, contact Melissa de Quesada, Gregory Greenfield & Associates, Ltd., 124 Johnson Ferry Road, Atlanta, GA 30328; 404-236-2314, Fax 404-236-2299.