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Buyers & Sellers
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Buyers & Sellers Acton-Fitchburg Development Corp. is selling a lot located between Routes 130 and 119 in Brookline, NH for $1.695 million. The site is located a mile and a half over the Massachusetts border and near a New Hampshire State Liquor store.
For more information, contact Tim Sullivan,
Acton-Fitchburg Development Corp., 978-692-3253, Fax 978-692-4860. Sweet Property Brokers, LLC is selling a 15,012 sq.ft. restaurant site located at 146 County Street in Somerset, MA. The 1.58-acre property is located in the commercial heart of Somerset. The space was formerly occupied by Vesuvio’s Italian American Restaurant.
For more
information, contact Margaret A. Sweet or Thomas Macedo, Sweet Property Brokers,
LLC, 529 Horseneck Road, Dartmouth, MA 02747; 508-636-5563/8199, Fax
508-636-6970; Emails: massweet@aol.com and
tomreal@wmconnect.com. New England Retail Properties, Inc. sold Best Buy Plaza, a center located on Route 5 in Wallingford, CT for $3.6 million. The 41,000 sq.ft. center sold to JMM Properties, LLC.
For more information, contact Matthew J.
Halprin, New England Retail Properties, Inc., 1160 Silas Deane Highway,
Wethersfield, CT 06109; 860-529-9000, Fax 860-563-9667; Email:
halprinm@newenglandretail.com;
Web site: www.newenglandretail.com. Kushner Cos. acquired a 35,000 sq.ft. center located at 420 Route 10 in East Hanover, NJ. The center is tenanted by Amazing Savings, Party City and PBK Carpet.
For more information, contact Kushner Cos., 18
Columbia Turnpike, Florham Park, NJ 07932; 973-822-0050, Fax 973-822-2507;
Email: info@kushnercompanies.com; Web site:
www.kushnercompanies.com. Marcus & Millichap Real Estate Investment Brokerage Co. of Detroit has been retained as the exclusive marketing representative in the disposition of the 194,760 sq.ft. center located on Sawmill Road in Columbus, OH. Tenants include Circuit City, Blockbuster Video, Hobby Lobby, Starbucks, Trek Bikes and Ohio Savings Bank. In addition to the existing shopping center, there is additional land available to build approximately 20,400 sq.ft. Area demographics include a population earning $65,000 as the average household income.
For more information, contact William T.
O’Connor, Marcus & Millichap Real Estate Investment Brokerage Co. of Detroit,
One Northwestern Plaza, 28411 Northwestern Highway, Southfield, MI 48034;
248-352-5050, Fax 248-352-3813. Sperry Van Ness is selling Northgate Shopping Center, a 238,816 sq.ft. center located at the intersection of Route 31 and the East-West Tollway in Aurora, IL. The property includes six buildings plus four available pads for mixed-use retail/office development. The center is situated on a land area of 19 acres and is 66% occupied. Tenants include Office Depot, Hertz, Harbor Freight Tools and Fashion Bug. The asking price is $13.9 million.
For more information, contact Joseph C. French
Jr. or Thomas C. Dalzell, Sperry Van Ness, 50 Main Street, Suite 1000, White
Plains, NY 10106; 914-682-2169; Email: tom.dalzell@svn.com. For more information, contact Julius Borrus, Borrus Associates, 3333 Highway 9, Old Bridge, NJ 08857; 732-679-4100.
The Moser Group, Inc. is looking to acquire vacant land, office, retail and warehouse space, as well as outparcels throughout NC and SC. For more information, contact Jerry Fitzgerald, The Moser Group, Inc., 231 Post Office Drive, Suite B8, Indian Hills, NC 28079; 704-882-1700 Ext. 217.
Next Realty, L.L.C. acquired a 46,210 sq.ft. center located at 4935 South 76th Street in Greenfield, WI. The center is anchored by Barnes & Noble and is tenanted by Verizon Wireless, Fox Travel and One-Hour MotoPhoto. Area retail includes Southridge Mall. For more information, contact Next Realty, L.L.C., Two Northfield Plaza, Suite 320, Northfield, IL 60093; 847-501-6190, Fax 847-501-6195; Web site: www.nextrealty.com.
Grubb & Ellis Co. represented Coppersage, Ltd., an affiliate of Schneider-Moore Properties, in the sale of the 14,050 sq.ft. Copperfield Place Shopping Center located at the 7700 Block of Highway 6 North, just south of the Longenbaugh intersection in Houston, TX. Greenbriar Venture Partners, LP acquired the property. Copperfield Place is anchored by a 6,000 sq.ft. Kinko’s. The center was 100% occupied at the time of the sale. For more information, contact George Cushing, Grubb & Ellis Co., 1330 Post Oak Boulevard, Suite 1400, Houston, TX 77056-3017; 713-599-5165, Fax 713-599-5149; Emails: george.cushing@grubb-ellis.com and paula.foster@grubb-ellis.com; Web site: www.grubb-ellis.com.
The Kempner Corp. is looking to acquire properties throughout the Northeast. The company considers anchored and neighborhood centers and freestanding sites of all sizes. The company also will pursue stabilized and/or redevelopment opportunities. For more information, contact Peter or Jim Kempner, The Kempner Corp., 257 Mamaroneck Avenue, White Plains, NY 10605; 914-946-3030, Fax 914-946-9030.
Southern Management and Development, L.P. acquired Oaks Mall Plaza, a 105,253 sq.ft. center located at the intersection of Interstate 75 and Newberry Road in Gainesville, FL for $12.23 million from Oaks Mall, Ltd. The center is anchored by Toys “R” Us, Gator Theaters and Starbucks. For more information, contact Southern Management and Development, L.P., 21301, Powerline Road, Suite 312, Boca Raton, FL 33433; 561-883-1412, Fax 561-883-6218; Email: info@smddealmakers.net.
Commodore Realty, Inc. is looking to acquire supermarket-anchored sites from 100,000 sq.ft. to 500,000 sq.ft. throughout FL for anywhere from $10 million to $30 million. For more information, contact Sandy Turner, Commodore Realty, Inc., 51 SW 9th Street, Miami, FL 33130; 305-372-3777 Ext. 29, Fax 305-358-1057.
Woodbury Capital Partners is representing several investors looking to acquire properties. The clients are looking to acquire NN and NNN office, industrial and retail facilities nationwide. The company also is looking for multi-tenant office, industrial and retail sites for sale that can be repositioned through capital improvements and intensive property management. For more information, contact Thomas Quasius, Woodbury Capital Partners, 7616 Currell Boulevard, Suite 200, Woodbury, MN 55125; 651-264-3110, Fax 651-264-3112; Email: tquasius@woodburycapital.com.
Rivercrest Realty Investors is looking to acquire shopping centers located east of the Mississippi River. The company also has space available in anchored centers along the East Coast. For more information, contact Stanley Werb, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-846-4046, Fax 919-846-5814. Or contact, Vijay Shah at 919-846-4046 or Helen Vitaliano at 718-980-7684.
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