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Buyers & Sellers
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Buyers & Sellers Commercial Retail Advisors, LLC is marketing Lots 11 and 12 of Foothills Business Park, owned by Southern Arizona Glassworks, located at the intersection of Oracle Road and Hanley Boulevard in Oro Valley, AZ. The site is situated on a land area of 2.92 acres, which includes an approved development plan for a 14,000 sq.ft., 4,000 sq.ft. and 8,000 sq.ft. building. The property can be sold as a whole or can be divided for different size users. Area retail includes Roony Ranch Plaza, a center anchored by Target, Home Depot, Ross Dress For Less, PetsMart and Albertsons. For more information, contact Linda Montani, Commercial Retail Advisors, LLC, 4811 East Grant Road, Suite 262, Tucson, AZ 85712; 520-290-3200; Web site: www.cradvisorsllc.com.
Wells Real Estate Funds sold Stockbridge Village, a 188,000 sq.ft. Kroger-anchored center located in Stockbridge, GA. The center was acquired by New Plan Excel Realty Trust, Inc. For more information, contact Wells Real Estate Funds, 6200 The Corners Parkway, Atlanta, GA 30092-3355; 800-448-1010; Web site: www.wellsref.com.
Upland Real Estate Group, Inc. sold two KinderCare Learning Center locations in CO and NJ. The 9,897 sq.ft. Colorado Springs, CO site sold for $2.4 million, while the 10,500 sq.ft. site in West Windsor, NJ sold for $2.97 million. Both properties are sale/leasebacks. For more information, contact Brier E. Swing, Upland Real Estate Group, Inc., 250 Marquette Avenue, Suite 575, Minneapolis, MN 55401-1872; 612-332-6600, Fax 612-376-4489; Email: brier@upland.com; Web site: www.upland.com.
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.
The Beach Co. acquired Village Pointe Shopping Center, a 60,000 sq.ft. center located at the intersection of Houston Northcutt Boulevard and Highway 17 in Mount Pleasant, SC. The center is anchored by Harris Teeter, Eckerd and Starbucks. For more information, contact Kristen Reeves, The Beach Co., 211 King Street, Suite 300, Charleston, SC 29401; 843-277-3070 or 843-722-2615, Fax 843-722-6449.
RMC Property Group acquired Beachway Plaza, a center located at the intersection of Manatee Avenue West and 75th Street West in Bradenton, FL. The center will be anchored by a 45,000 sq.ft. Publix Supermarket at a site formerly occupied by Beall’s Department Store. Opening for the Publix is slated for November. Upon completion, Beachway Plaza will be 123,000 sq.ft. and anchored by Beall’s Outlet and Big Kmart. A former Winn-Dixie space of 33,000 sq.ft. is available. For more information, contact Michael Leeds, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 813-960-8154 Ext. 333, Fax 813-963-2596; Web site: www.rmcpg.com.
C.A. White, Inc. is representing an investor looking to acquire property that meets the following criteria: anchored shopping centers with 80% credit tenants; stable and growth markets only; long-term leases; single tenants NNN preferred. Other property types will be considered if there are long-term leases and credit tenants. For more information, contact Frank M. Micali, C.A. White, Inc., 1211 Chapel Street, New Haven, CT 06511; 203-777-6891, Fax 203-777-6655; Email: frank@cawhite.com; Web site: www.cawhite.com.
Lee & Associates Commercial Real Estate Services sold a 29,249 sq.ft. site located at 11076 Venture Drive in Mira Loma, CA for $2,105,928 to Active Apparel, Inc. The space was formerly occupied by Krispy Kreme. For more information, contact Lee & Associates Commercial Real Estate Services, 3535 Inland Empire Boulevard, Ontario, CA 91764; 909-989-7771, Fax 909-944-8250; Web site: www.lee-associates.com.
Realty Income Corp. is looking to acquire sites from 1,000 sq.ft. to 70,000 sq.ft. nationwide for between $500,000 and $200 million. The company prefers NNN single tenant freestanding locations. For more information, contact Kim Kundrak, Realty Income Corp., 220 West Crest Street, Escondido, CA 92025; 760-741-2111, Fax 760-744-8617; Email: kkundrak@realtyincome.com; Web site: www.realtyincome.com.
PK Partners, LLC is looking to acquire sites throughout the Indianapolis, IN market from 50,000 sq.ft. to 350,000 sq.ft. for anywhere from $1 million to $30 million. For more information, contact Keith B. Fried, PK Partners, LLC, 3815 River Crossing Parkway, Suite 150, Indianapolis, IN 46240; 317-817-8882, Fax 317-817-8884; Email: kfried@pkpartners.com; Web site: www.pkpartners.com.
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 that are for sale and can be repositioned through capital improvements and intensive property management. Transaction size should exceed $2 million with no upper limit. The company prefers properties with no existing financing, as well as portfolios. 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.
Marcus & Millichap Real Estate Investment Brokerage is selling a freestanding building situated on a land area of 7.5 acres at the intersection of U.S. Highway 19 and Nebraska Avenue within the Palm Harbor Commons Center in Palm Harbor, FL. The site has an average daily traffic count of 45,000 vehicles. The site has 13 years remaining on the original 20-year lease with five, five-year options. Area demographics include a population of 87,000 within three miles earning $68,101 as the average household income. For more information, contact Al Taf, Marcus & Millichap Real Estate Investment Brokerage, 1200 Abernathy Road Northeast, Building 600, Northpark Town Center, Suite 650, Atlanta, GA 30328; 678-942-4637; Web site: www.marcusmillichap.com.
CB Richard Ellis, Inc. is selling Bouquet South Shopping Center, a 9,032 sq.ft. center located at the intersection of Newhall Ranch Road and Bouquet Canyon in Santa Clarita, CA for $6.024 million. The center is 100% leased and has an average daily traffic count of 83,000 vehicles. Tenants include Cingular Wireless, Red Persimmon Nail Salon, Lockheed Federal Credit and a dentist office. For more information, contact Philip D. Voorhees, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8521, Fax 949-725-8545; Web site: www.cbre.com.
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