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Buyers & Sellers
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Buyers & Sellers Joseph Freed And Associates, LLC acquires retail neighborhood, community, power, lifestyle/entertainment and mixed-use centers, mini-malls and vacant land. The company acquires retail sites from 100,000 sq.ft. to 500,000 sq.ft. in areas ranging from the Chicago, IL area to the Midwest, CO, MD, MO, NC, PA and Washington, DC. For more information, contact Joseph Freed And Associates, LLC, Gateway Center, 220 North Smith Street, Suite 300, Palatine, IL 60067; 847-215-5500, Fax 847-215-5282; Web site: www.josephfreed.com.
NAI Kowallis & Mackey is selling Teton River Village, a center located at 485 North 2nd East in Rexburg, ID for $4.3 million. The building is 18,571 sq.ft. and is located near a Wal*Mart. Tenants include Quizno’s, Blockbuster Video, Cold Stone Creamery, Deseret Book, American Family Insurance, UPS, T-Mobile, Cash Store, U.S. Cellular and Jensen Jewelers. For more information, contact Doug Kowallis or John Mackey, NAI Kowallis & Mackey, 409 West Idaho, Boise, ID 83702; 208-385-9876, Fax 208-385-9883; Email: info@investinidaho.com; Web site: www.investinidaho.com.
Sperry Van Ness is selling Rogers Plaza Town Center, a 334,054 sq.ft. center located on 28th Street in Grand Rapids, MI for $24.5 million. The center is tenanted by Family Fare Supermarkets, A.J. Wright, Big Lots, OfficeMax, Harbor Freight Tools, MC Sports, Fashion Bug, Famous Footwear and Old Country Buffet. The center has pad sites available. A $14 million renovation was completed in 2002. Area demographics include a population of 112,000 within three miles earning $43,207 as the average household income. The site has an average daily traffic count of 46,800 vehicles. For more information, contact Joseph C. French Jr., Sperry Van Ness, 50 Main Street, 50 Main Street, Suite 1000, White Plains, NY 10106; 914-682-6868.
CB Richard Ellis, Inc. is selling six lots ranging from 1.4 acres to eight acres at the intersection of Interstate 80 and Houbolt Road in Joliet, IL. The site has an average daily traffic count of 88,600 vehicles. Area demographics include a population of 177,636 within seven miles earning $74,982 as the average household income. For more information, contact Craig J. Lillibridge, CB Richard Ellis, Inc., 700 Commerce Drive, Suite 550, Oak Brook, IL 60523; 630-573-7000, Fax 630-573-7018; Email: craig.lillibridge@cbre.com; Web site: www.cbre.com.
Cornerstone Capital Corp. acquired a recently-constructed Max & Erma’s restaurant in Canonsburg, PA under a multi-facility sale and leaseback program. For more information, contact Gregory A. Haidet, Cornerstone Capital Corp., 655 Metro Place South, Suite 720, Dublin, OH 43017; 614-761-2726.
Maestas & Ward Commercial Real Estate is selling three acres of vacant land located at the intersection of Interstate 25 and State Road 6 in Los Lunas, NM. The asking price is $11 psf. Area demographics include a population of 49,774 within 10 miles earning $40,304 as the average household income. For more information, contact Michele Genrich, Maestas & Ward Commercial Real Estate, 7620 Jefferson NE, Albuquerque, NM 87109; 505-878-0001, Fax 505-878-0002; Email: michele@maestasandward.com; Web site: www.maestasandward.com.
Winick Realty Group is selling a 16,800 sq.ft. ExxonMobil station located at 764 Avenue East in Bayonne, NJ for $743,000. For more information, contact Rick Riccardi, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2635; Email: rick@winick.com; Web site: www.winick.com.
AmREIT acquired a 45-acre redevelopment project located in north Houston, TX. The project will be called West Road Plaza and is located at the intersection of Interstate 45 and West Road. Phase one of the project will involve the redevelopment of a 136,000 sq.ft. box recently vacated by Hewlett-Packard and a 112,000 sq.ft. box recently vacated by Kmart. For more information, contact Chad Braun, AmREIT, 8 Greenway Plaza, Suite 824, Houston, TX 77046; 713-850-1400, Fax 713-850-0498; Web site: www.amreit.com.
LMS Commercial Real Estate is selling land located at the intersection of Route 30 and Roosevelt Avenue in York, PA. The site is approved for a 65,460 sq.ft. store. Area demographics include a population of 124,113 within five miles earning $52,349 as the average household income. The company also is selling a two-acre site located on Route 23, also known as the Marietta Pike, in Silver Springs, PA for $195,000. The site is located adjacent to a former Jack’s Family Restaurant & Tavern. Area demographics include a population of 67,650 within five miles earning $61,068 as the average household income. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com.
Staubach Retail Services is selling a Target store located at 2141 South 314th Street in Federal Way, WA for $7 million. The 101,909 sq.ft. space will be available during December and is situated on a land area of 7.5 acres. Area demographics include a population of 196,357 within five miles earning $74,769 as the median household income. For more information, contact Matt Friday, Staubach Retail Services, 45 South 7th Street, Minneapolis, MN 55402; 612-341-6765, Fax 612-341-6750; Email: matt.friday@staubach.com.
Robert E. Bunn & Associates is looking to acquire convenience stores located throughout the Midwest. For more information, contact Robert E. Bunn, Robert E. Bunn & Associates, 1427 Thomas Drive, Suite 4, Cape Girardeau, MO 63701-2129; 573-651-6014, Fax 573-651-6014; Email: rbunn@igateway.net.
Trammell Crow Co. is selling a pad site located at 5500 Paredes Line at FM3248 in Brownsville, TX. The 2,044 sq.ft. building is selling for $700,000. For more information, contact Mike Bristol, Trammell Crow Co., 2200 Ross Avenue, Suite 3700, Dallas, TX 75201; 214-979-5630, Fax 214-979-6571; Email: mbristol@trammellcrow.com; Web site: www.trammellcrow.com.
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