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Buyers & Sellers
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Buyers & Sellers Hinerfeld Realty Co. is selling the following locations throughout PA: a 3.58-acre site located in Wilkes-Barre; a 14,800 sq.ft. center located in Scranton and a center in Kingston. For more information, contact John T. Cognetti, Hinerfeld Realty Co., 600 Lackawanna Avenue, Scranton, PA 18503; 570-207-4100, Fax 570-342-6815; Email: cognet@epix.net; Web site: www.hinerfeldrealty.com. Rockwood Realty Associates, LLC has been retained on an exclusive basis to arrange the sale of Stones River Mall, a 412,620 sq.ft., single-level enclosed regional mall in Murfreesboro, TN. The mall is situated on a land area of 47.52 acres on the north side of Old Fort Parkway and approximately one mile east of Interstate 24. The mall is anchored by Dillard’s, Sears, JCPenney and Goody’s. Tenants include Victoria’s Secret, Aeropostale, Gap and Gap Kids, Journeys, Kay Jewelers, Bath & Body Works, American Eagle Outfitters and Starbucks. For more information, contact Lisa Malone, Rockwood Realty Associates, 555 Fifth Avenue, 5th Floor, New York, NY 10017; 212-286-5800 Ext. 281, Fax 212-286-5555. BET Investments acquires strip, power and regional centers in the Northeast, Southeast and Midwest. For more information, contact Tom Farrell or Michael Markham, BET Investments, 2600 Philmont Avenue, Suite 212, Huntington Valley, PA 19006; 215-938-7300, Fax 215-938-8651. tfarrell@betinvestments.com. Advantis Real Estate Services Co. arranged the sale of a land area of 1.644 acres located at the intersection of Princess Anne and Upton Roads in Virginia Beach, VA for $1.25 million to Berkshire Hudson Capital. The seller, Lakeside/Swinson Note, LLC was represented by Commercial Real Estate Services. The property will house an Eckerd drugstore. The company also sold White Marsh Plaza, a 68,000 sq.ft. center located in Suffolk, VA for $880,000 to Big Bear, LLC. The center is anchored by a 25,000 sq.ft. Food Lion store and a 13,000 sq.ft. Dollar General.For more information, contact Cindy Mackey, Advantis Real Estate Services Co., World Trade Center, 101 West Main Street, Suite 900, Norfolk, VA 23510-1687; 757-754-4553; Email: cmackey@advantisgva.com; Web site: www.advantisgva.com. Baron Capital Partners, LLC is selling Sulphur Springs Marketplace, a 75,224 sq.ft. center located on Highway 150 in Hoover, AL for $8.8 million. The center is situated on a land area of 10.68 acres. Area demographics include a population of 77,697 within five miles earning $91,921 as the average household income. The center is 96% occupied and is anchored by a 52,474 sq.ft. Winn-Dixie and a 6,250 sq.ft. UCC Total Home store.For more information, contact Gregory J. Lustig, Baron Capital Partners, LLC, 19227 Skyridge Circle, Boca Raton, FL 33498; 561-479-3200, Fax 561-479-3230; Web site: www.baroncapitalpartners.com. The Mills Corp. acquired Great Mall of the Bay Area, a 1.3 million sq.ft. center located in Milpitas, CA. The mall was renovated in 2002 and features a racetrack layout, themed neighborhoods, 11 anchors and a 20-screen theater. For more information, contact The Mills Corp., 1300 Wilson Boulevard, Suite 400, Arlington, VA 22209; 703-526-5000, Fax 703-526-5111; Web site: www.millscorp.com. Woolbright Development, Inc. sold Northlake Commons, a 146,871 sq.ft. center located at the intersection of Interstate 95 and Northlake Boulevard in Palm Beach Gardens, FL for $24.3 million to Inland Real Estate Acquisitions. The center is anchored by Ross Dress for Less, Off Main Furniture and a 130,000 sq.ft. Home Depot.For more information, contact Duane J. Stiller, Woolbright Development, Inc., 3200 North Military Trail, Fourth Floor, Boca Raton, FL 33431; 561-989-2277; Email: dstiller@woolbright.net; Web site: www.woolbright.net. Millennium Properties, Inc. sold an 8,000 sq.ft. center located at 10721 South Ridgeland Avenue in Chicago Ridge, IL for $395,000. The company also sold a 12,440 sq.ft. center located at 9100 South Commercial Avenue in Chicago, IL for $2 million. The center is tenanted by Blockbuster Video and Bubbleland Laundromat. In addition, a Walgreens drug store is being developed adjoining the property. For more information, contact Millennium Properties, Inc., 20 South Clark Street, Suite 630, Chicago, IL 60603-5004; 312-338-3000, Fax 312-338-3008. J. Herzog & Sons, Inc. acquired Dixieland Mall, a 242,535 sq.ft. center located in Rogers, AR from Dixieland Mall, LLC and Gotstuck, LLC. Immediate plans for renovating the mall include updating the interior, putting up new signage and leasing available space. For more information, contact J. Herzog & Sons, Inc., 1720 South Bellaire Street, Suite 1209; 303-757-8811, Fax 303-757-1911; Web site: www.jherzog.com. Marcus & Millichap Real Estate Investment Brokerage Co. is selling a Pep Boys located on MacDade Boulevard in Glenolden, PA for $7.2 million with a Cap rate of 7.4%. The site has an average daily traffic count of 17,000 vehicles. Demographics include a population of 180,000 within three miles earning $58,000 as the average household income. The deal has a rate of 6.5% for 10 years with an amortization of 25 years. The company also is selling an 86,584 sq.ft. Kohl’s department store in Austin, TX for $19.35 million with a Cap rate of 7%. The tenant signed a 20-year lease with rental increases every five years. Area retail includes Home Depot, Circuit City and OfficeMax. The company also sold Porter Ranch Shopping Center, a 54,668 sq.ft. center located at 19300 and 19344-19362 Rinaldi Street in Porter Ranch, CA. The center is tenanted by Whole Foods, which was not part of the sale, U.S. Post Office, Citicorp Savings, Bank of America, Subway and Kaiser Pharmacy. The company also is selling three Burger King restaurants, including two in Shreveport, LA and one in Rialto, CA. The asking prices of the locations in Shreveport are $1.425 million and $1.5 million, while the Rialto location is $1.37 million. The company also is selling London Towne Shoppes, a 35,809 sq.ft. center located in Indianapolis, IN for $3.8 million with a Cap rate of 9.8%. The center is 100% occupied and is tenanted by Pier 1 Imports and Sherwin Williams Paints. The interest rate is 7.66% with an amortization of 20 years.For information regarding the Pep Boys, contact Marcus & Millichap, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-557-0900, Fax 215-557-0966. For more information regarding the Kohl’s store, contact Marcus & Millichap Real Estate Investment Brokerage Co., 16830 Ventura Boulevard, Suite 352, Encino, CA 91436; 818-907-0600. For more information regarding the Burger King locations, contact Donald Emas or Kevin Boeve, Marcus & Millichap, 3281 East Guasti Road, Suite 800, Ontario, CA 91761; 909-605-1800; Email: kirvin@marcusmillichap.com. For more information regarding London Towne Shoppes, contact John Riser, Marcus & Millichap, 101 West Ohio Street, Suite 1550, Indianapolis, IN 46204; 317-955-2600, Fax 317-955-0091. Friedman Real Estate Group sold a 1.25-acre parcel located at the intersection of Michigan Avenue and Interstate 94 in Ypsilanti, MI to Wendy’s/Tim Horton’s for $600,000. The 1.25-acre parcel was a section of a 21-acre parcel that is currently offered for sale by Ypsi Free Methodist Church. Eight acres remain available, following another partial sale of 12 acres to Ford Motor Co. for its daycare facility. For more information, contact David Lord, Friedman Real Estate Group, Inc., 34975 West Twelve Mile Road, Farmington Hills, MI 48331; 248-324-2000, Fax 248-848-4141; Email: david.lord@freg.com; Web site: www.friedmanrealestate.com. Edens & Avant acquired Ansonia Landing, an 89,787 sq.ft. center located in Ansonia, CT. The center is anchored by a 59,987 sq.ft. freestanding Super Stop & Shop supermarket, 29,800 sq.ft. or small shop space and a 9,920 sq.ft. Stop & Shop gas station. For more information, contact Edens & Avant, 900 Bank of America Plaza, 1901 Main Street, Columbia, SC 29201; 803-779-4420, Fax 803-765-0684. Stirling Properties is selling a 5,200 sq.ft. building, formerly occupied by Rite Aid, located at the intersection of Highway 80 and Kitchings Drive in Clinton, MS with an average daily traffic count of 35,000 vehicles. Area retail includes Winn-Dixie, Fred’s, Hibbett Sports, Dollar Tree, Radio Shack, Fashion Bug and Wal*Mart Supercenter. Area demographics include a population of 59,758 within five miles earning $55,284 as the average household income.For more information, contact Chris Abadie, Stirling Properties, 615 Baronne Street, Suite 100, New Orleans, LA 70113-1082; 504-523-4481, Fax 504-523-4475; Email: cabadie@stirlingprop.com; Web site: www.stirlingprop.com. Point One Commercial Real Estate is representing a client looking to acquire a shopping center in the Midwest, preferably IL, MI or WI, for between $4 million to $9 million. For more information, contact Gary Seidel, Point One Commercial Real Estate, 2115 West Collingswood Drive, Beloit, WI 53511; 608-362-8598, Fax 608-201-5463; Web site: www.agencynet.us. Source Properties, Inc. is selling the following properties located within 0.5 miles of a Lowe’s Home Improvement Warehouse in Forest City, NC: six lots adjacent to Lowe’s for $10 psf to $13 psf; a 12,500 sq.ft. building for $600,000; a 30,000 sq.ft. bowling alley for $1.5 million; a 1.25-acre site for $135,000; a 1.25-acre site located near a Ramada Inn for $225,000; 3.5 acres behind Tri-Cities Mall for $395,000 and 12 acres behind Lowe’s for $795,000.For more information, contact Bruce Penland, Source Properties, Inc., PO Box 1644; 828-242-1465, Fax 828-667-2174; Web site: www.source-properties.com. Dulles Commercial Real Estate is selling a 11,560 sq.ft. center located on Martin Luther King Jr. Highway, close to Interstate 95 in Lanham, MD for $1.25 million with cash on cash of 10.77%. Most tenants have been in the center for over 10 years. For more information, contact Dulles Commercial Real Estate, 45571 Shepard Drive, Sterling, VA 20164; 703-450-9394, Fax 703-450-9354; Email: dullescommercial@direcway.com. Cedar Shopping Centers, Inc. acquired the following centers: The Wal*Mart Shopping Center, a 155,000 sq.ft. center located in Southington, CT. The center is anchored by a 95,000 sq.ft. Wal*Mart; The Golden Triangle Shopping Center, a 221,500 sq.ft. center located in Lancaster, PA. Anchors include Marshalls and Staples; South Philadelphia Shopping Center, a 283,000 sq.ft. center located in Philadelphia, PA. The center is anchored by ShopRite, Drug Emporium, Bally’s Total Fitness and Ross Stores; Columbus Crossing, a 142,200 sq.ft. center located in Philadelphia, PA. The center is anchored by Old Navy, A.C. Moore and Famous Footwear; River View Plaza I, II and III, three adjacent properties with an aggregate of approximately 246,800 sq.ft. The centers are anchored by a United Artists theater, Sega Gameworks, Staples, West Marine, Pep Boys and Athlete’s Foot; Lake Raystown Plaza, an 84,300 sq.ft. center located in Huntingdon, PA. The center is anchored by Giant, Rite Aid and Fashion Bug; Huntingdon Plaza, a 92,000 sq.ft. center located in Huntingdon, PA. The center is anchored by Peebles, Auto Zone and Family Dollar Stores; and the remaining 50% interest in The Point Shopping Center, which is anchored by Giant, Burlington Coat Factory, Staples and A.C. Moore. The aggregate price of the properties is estimated to be approximately $150 million. The company also announced that it has entered into a 10-year option agreement to acquire a 635,000 sq.ft. mall site in southern NJ and a 15-month option agreement to acquire a 16.5-acre development site near Hershey, PA, where it expects to build a shopping center of approximately 120,000 sq.ft.For more information, contact Leo S. Ullman, Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Suite 304, Port Washington, NY 11050; 516-767-6492, Fax 516-767-6497. Realty America Group is selling a 167,318 sq.ft. former Super Kmart in San Antonio, TX. The property is located approximately 10 miles west of San Antonio’s central business district at the intersection of Southwest Loop 410 and Westpond Drive. The building is situated on a land area of 17.288 acres. Area retail includes Big Lots, Payless Shoes, Goodwill Industries, Motel 6, Super 8 Motel and Westlakes Mall, which is anchored by H.E.B., Target, Eckerd and Luby’s Cafeteria.For more information, contact Mart Martindale or Lewis Brown, Realty America Group, 5440 Harvest Hill Road, Suite 237, Dallas, TX 75230; 972-380-9400, Fax 972-380-9644; Emails: mmartindale@realtyamericagroup.com and lbrown@realtyamericagroup.com; Web site: www.realtyamericagroup.com. Prudential CRES Commercial Real Estate is selling a 54,137 sq.ft. center located in Carthage, MO for $2.35 million. The center is 100% leased with national retailers, including Hallmark Gold Crown, Radio Shack, Stage, Dollar General and Sherwin Williams. The Cap rate is 10.6%. The company also sold a 15,000 sq.ft. Sav-A-Lot Foods supermarket located at 3410 Troost in Kansas City, MO to Rasbma Enterprises, LLC.For more information, contact Greg Patterson, 3101 Broadway, Suite 300, Kansas City, MO 64111; 816-931-3101; Email: gpatterson@crrkc.com; Web site: www.crrkc.com. CB Richard Ellis, Inc. sold Smith’s Shopping Center, a 98,015 sq.ft. center located at the intersection of Flamingo and Fort Apache in Las Vegas, NV for $14.84 million with a Cap rate of 8.25%. The sale included two vacant pads for future development. The company also is selling Las Olas Riverfront, a 242,000 sq.ft. center located at the western end of Las Olas Boulevard in Fort Lauderdale, FL. The center is anchored by a 15-screen movie theater and also features restaurants, nightclubs and upscale boutique shops. The center also is near the Theater of the Performing Arts, The Museum of Science and Discovery, IMAX Theater and Museum of Art. The company also is selling two Denny’s restaurants in Houston, TX for $1.832 million each. The lease has 9% minimum rental increases every three years. The company also is selling a 46,424 sq.ft. Brookshire’s/Winn-Dixie supermarket in Crowley, TX for $2.65 million. The lease has six successive five-year renewal options. The Dalton team of CB Richard Ellis, Inc. sold an 11,957 sq.ft. CVS pharmacy in Houston, TX.For more information, contact Charles Moore, CB Richard Ellis, Inc., 3993 Howard Hughes Parkway, Suite 700, Las Vegas, NV 89109-0961; 702-369-4949; Web site: www.cbre.com. For more information regarding the CVS location, contact Gregory M. Dalton, The Dalton team of CB Richard Ellis, Inc., 1512 Eureka Road, Suite 100, Roseville, CA 95661-3040; 916-781-4816, Fax 916-781-4870; Email: gdalton@cbre.com; Web site: www.cbre.com/daltonteam. Grubb & Ellis Co. sold a land area of 3.21 acres in Howell, MI to Howell Lanes, Inc. Constructed is expected to begin in two years on a bowling alley and entertainment center. The company also is selling College Greens East Shopping Center located in Sacramento, CA. For more information, contact Kevin Brady, Grubb & Ellis Co., 26555 Evergreen, Suite 500, Southfield, MI 48076; 248-350-8161; Email: kevin-brady@grubb-ellis.com. For more information regarding College Greens East Shopping Center, contact Bill Liggett, Grubb & Ellis Co., 1610 Arden Way, Suite 195, Sacramento, CA 95815; 916-418-6000, Fax 916-418-6078. Arroyo & Coates Commercial Real Estate Services is selling the following sites: a 30,000 sq.ft. Best Buy located at 35 East 11400 South in Sandy, UT for $7.646 million with a Cap rate of 7.61%. The absolute NNN lease is for 20 years with 3% increases every five years. There is an existing 10/30 loan of $4.925 million in place at 7.57% fixed that must be assumed; a 32,000 sq.ft. Copelands Sports located at 5577 North Blackstone Avenue in Fresno, CA for $6.132 million with a Cap rate of 7.75%. The absolute NNN lease is for 10 years. LTV of 75% permanent financing is available at approximately 6% fixed with an amortization of 25 years; a 104,708 sq.ft. BJ’s Wholesale located at 2054 Red Lion Road in Philadelphia, PA for $9.8 million with a Cap rate of 8.30%. The NN lease is for 20 years. The building is situated on a land area of 9.45 acres; a 103,640 sq.ft. Builders First Source located at 18 Industrial Way in North East, MD for $5.15 million with a Cap rate of 8.47%. The NN lease is for 12 years. The center is situated on a land area of 33.15 acres; and a 4,500 sq.ft. Denny’s restaurant located at 4903 North Harrison in Shawnee, OK for $1.1 million with a Cap rate of 8%. The absolute NNN lease is for 20 years with 10% increases every five years. The center is situated on a land area of 1.488 acres. For more information regarding Best Buy, Copelands Sports and BJ’s Wholesale, contact Paul Souza. For more information regarding Builders First Source and Denny’s, contact Eric Wilcox, 500 Washington Street, Suite 700, San Francisco, CA 94111; 415-445-7800, Fax 415-392-3040; Email: info@arroyocoates.com. Edgemark Commercial Real Estate Services, LLC arranged the sale of Blockbuster Shopping Center, a 15,814 sq.ft. center located at the intersection of 143rd and Wolf Road in Orland Park, IL. The center is anchored by Blockbuster Video and Palermo’s Restaurant. The seller was 143rd & Wolf, LLC.For more information, contact Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-472-1010; Web site: www.edgemarkllc.com. Colliers International is selling a site located at the intersection of Highway 99 and Jack Tone Road in Ripon, CA with an average daily traffic count of 107,000 vehicles. For more information, contact Nancy Reeves or Lisa Hodgson, Colliers International, 3414 Brookside Road, Suite 300, Stockton, CA 95219; 209-475-5100, Fax 209-475-5102; Emails: nreeves@colliersparrish.com and lhodgson@colliersparrish.com; Web site: www.colliersparrish.com. NewBridge Retail Advisors served as advisors in the sale of Bell Forge Shopping Center by Investcorp International, Inc. and Crow Holdings to DLC Management. The 130,475 sq.ft. center is located on Mt. View Road in Antioch, TN and is anchored by Michael’s Arts and Crafts, T.J. Maxx, Shoe Carnival and Blockbuster Video. The center is near Hickory Hollow Mall, a 1.2 million sq.ft. mall anchored by Dillard’s, Hecht’s, JCPenney and Sears.For more information, contact Gary T. Saykaly, NewBridge Retail Advisors, Royal Centre One, 11675 Great Oaks Way, Suite 135, Alpharetta, GA 30022; 678-802-6500, Fax 678-802-6588. Triple Net Investments, LLC is representing a client looking for net leased property, tenanted by El Pollo Loco, Burger King, Del Taco and Arby’s, priced from $1 million to $1.5 million in CA. The client also will consider acquiring sites in AZ, NV and TX. For more information, contact Glen R. Fotre, Triple Net Investments, LLC, 4701 North Tortolita Road, Tucson, AZ 85745-9101; 520-743-3535, Fax 520-743-9628; Email: glen@ccim.net; Web site: www.triplenetinvestments.com. REW Commercial is selling a 9,050 sq.ft. strip center with a convenience store located at the intersection of Interstate 95 and A1A in West Palm Beach, FL for $640,000. The center is cotenanted by a laundromat. 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. H&R Retail brokered the sale of a 14.27-acre site to Lowe’s Home Improvement Warehouse in Culpepper, VA. The 150,000 sq.ft. store will be located at the Centre at Culpepper on Route 29. Opening is slated for Summer 2004. The site was sold by Petrie Ventures. For more information, contact Rob Engle, Engle & Co., 1329 Oberon Way, McLean, VA 22102; 703-356-8230, Fax 703-356-8917; Email: rengle@engleco.com; Web site: www.engleco.com. Turner & Associates Realty, Inc. is selling a 32,600 sq.ft. Food Lion-anchored center in Marion, SC for $500,000 cash over mortgage balance, which is currently $2,074,515. The center has space available of 3,600 sq.ft. The mortgage has a 10-year term at a rate of 7.375% with an amortization of 25 years. For more information, contact Monte Turner, Turner & Associates Realty, Inc., 4301 Hillsboro Pike, Suite 210, Nashville, TN 37215; 615-383-7878, Fax 615-383-9878. The Molasky Group of Cos. sold the Best in the West Power Center located at the intersection of U.S. Highway 95 and Lake Mead Boulevard in Las Vegas, NV. The 475,000 sq.ft. center is situated on a land area of 35 acres and is tenanted by Best Buy, Office Depot, Babies "R" Us, DSW Shoes, Copeland Sports, Paddock Pools, Bed Bath & Beyond, PetsMart, Jared Jewelry, Old Navy, Ulta, JoAnn Etc., Sprint PCS, Organized Living, Men’s Wearhouse, Borders Books, Omaha Steaks, Starbucks, Tony Roma’s, Sweet Tomatoes, McDonald’s, Applebee’s and an Arco gas station. For more information, contact Pamela Puppel, The Molasky Group of Cos., 3111 Maryland Parkway, Las Vegas, NV 89109; 702-561-9975. Rosen-Harbottle Commercial Real Estate is selling a 2,277 sq.ft. Skippers restaurant in Idaho Falls, ID. The building is situated on a land area of 23,764 sq.ft. The lease expires in January 2007.For more information, contact Jerry Harbottle, Rosen-Harbottle Commercial Real Estate, 1715 114th Avenue, Bellevue, WA 98004; 425-454-3030; Web site: www.rosenharbottle.com. Global Business Alliance, Inc. negotiated the following two investment sales transactions: an 8,250 sq.ft. former Quincy Steak House located at 2185 South Street in Augustine, FL for $1.35 million. The buyer was St. Augustine 2185 RE, LLC, while the seller was Jax Pac Development Co., LLC; and a 9,057 sq.ft. former Western Sizzling Steak House located at 779 Dunn Avenue in Jacksonville, FL for $1 million. The buyer was Jacksonville 779 RE, LLC, while the seller was Jax Pac Development Co.For more information, contact Paul Kiang, Global Business Alliance, 6473 Conroy Road, Suite 809, Orlando, FL 32835; 407-383-7182; Email: paul@gbarealty.com. L.J.Melody & Co. served as advisors in the sale of the Santa Rosa Mall in Mary Esther, FL for $52.45 million. The 750,000 sq.ft. enclosed mall is anchored by Sears, Dillard’s, McCrae’s and JCPenney.For more information, contact Kevin Troy, L.J. Melody & Co., 1500 City West Boulevard, Suite 200; 713-458-7200, Fax 713-458-7500; Web site: www.ljmelody.com. Ramco-Gershenson Properties Trust acquired the 361,000 sq.ft. Lakeshore Marketplace located at the intersection of Sternberg and Harvey Street in Norton Shores, MI for $23 million. The center is anchored T.J. Maxx, Barnes & Noble, Old Navy, Elder Beerman, Hobby Lobby, Toys "R" Us, Dunham’s and Petco. Demographics include a population of 177,000 within the trade area.For more information, contact Dennis Gershenson, Ramco-Gershenson Properties Trust, 27600 Northwestern Highway, Suite 200, Southfield, MI 48034; 248-350-9900, Fax 248-350-9925; Web site: www.ramco-gershenson.com. Anchor Associates, Inc. is selling a single-story 6,105 sq.ft. strip center of eight stores in Uniondale, NY for $1 million with a Cap rate of 10.1%. For more information, contact John O. Santelli, Anchor Associates, Inc.; 516-767-9331, Fax 516-767-3710; Email: anchor@nvbb.net. Timber Development is selling a 10-screen, 40,000 sq.ft. theater in PA. The theater has a triple net lease.For more information, contact Douglas Bercu, Timber Development, 3170 Palisades Court, Marietta, GA 30067; 770-857-0002. HSA Commercial Real Estate sold a long-term ground lease on a 14,168 sq.ft., two-story building located at 5201 South Harper in the Harper Court Courtyard shopping district of Hyde Park, IL to the University of Chicago.For more information, contact HSA Commercial Real Estate, 180 North Wacker Drive, Suite 500, Chicago, IL 60606; 312-332-3555, Fax 312-332-4122. Inland Retail Real Estate Trust, Inc. acquired Birkdale Village, a 52-acre, mixed-use development in Huntersville, NC from Crosland, Inc. and Pappas Properties, LLC. For more information, contact Rick Fox, Inland Retail Real Estate Trust, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 630-218-8000 Ext. 4896; Email: rfox@inlandgroup.com. Sheldon-Gold Realty is representing a client looking for an NNN leased, single-tenant investment between $600,000 and $1.1 million in CO to complete a 1031 exchange.For more information, contact Eric J. Gold, Sheldon-Gold Realty, Inc., 9145 East Kenyon Avenue, Suite 300, Denver, CO 80237-1823; 303-741-2500, Fax 303-741-2506; Email: egold@sg-realty.com; Web site: www.sg-realty.com.
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