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Buyers & Sellers
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Buyers & Sellers Pacific International Properties is looking to acquire land areas of one acre to 20 acres throughout AZ, CA, NV and WA with Cap rates of 7%. For more information, contact Hugo Chau, Pacific International Properties, 1130 South Baldwin Avenue, Suite 5, Arcadia, CA 91007; 626-821-5588, Fax 626-821-5599; Email: hugochau@hotmail.com.
Colliers International is selling a land area of 65,000 sq.ft. located at the intersection of Charleston and Nellis in Henderson, NV. The asking price is $12 psf. Anchors include Target and Mervyn’s. For more information, contact Scot Marker, Colliers International, 5690 Howard Hughes Parkway, Suite 150, Las Vegas, NV 89009; 702-735-5700, Fax 702-731-5709; Email: smarker@lvcolliers.com.
Sperry Van Ness/M.E. Roberts Co. represented an investor in the acquisition of a freestanding property NNN leased for 20 years to Jiffy Lube in Kansas City, KS for $1.13 million. For more information, contact Michael B. Roberts, Sperry Van Ness, 6342 Beverly Drive, Mission, KS 66202; 877-707-1031; Web site: www.svn.com.
The Cotswold Group is looking to acquire centers on the East Coast ranging from 75,000 sq.ft. to 500,000 sq.ft. For more information, contact Robert Swasha, The Cotswold Group, 229 Beechmont Drive, New Rochelle, NY 10804; 914-654-0035, Fax 914-654-0188; Email: cotswold@aol.com.
Midwest Properties is looking to acquire sites up to 250,000 sq.ft. throughout the Midwest from $1 million to $5 million. The sites must be 80% occupied. For more information, contact Kahlil Barnard, 8906 East 96th Street, Suite 185, Fishers, IN 46038; 317-513-5922; Web site: www.midwest-properties.com.
First Allied Corp. acquired Heritage Plaza, a 22,706 sq.ft. center located at the intersection of Highway 121 and Hall Johnson Road in Fort Worth, TX. The center is tenanted by Southern Bell Wireless, Great Clips, Edward Jones and Leslie’s Pool Supply. For more information, contact First Allied Corp., 9601 Wilshire Boulevard, Suite 744, Beverly Hills, CA 90210; 310-275-8909, Fax 310-275-8995; Web site: www.firstalliedcorp.com.
Glimcher Realty Trust sold Cambridge Plaza, a 95,019 sq.ft. center located in Cambridge, OH for $1.375 million. The center includes a 79,949 sq.ft. vacant anchor location that was formerly occupied by Ames. For more information, contact Carolee J. Oertel, Glimcher Realty Trust, 150 East Gay Street, Columbus, OH 43215; 614-887-5613, Fax 614-621-9311; Email: coertel@glimcher.com; Web site: www.glimcher.com.
Grubb & Ellis/Harrison & Bates is selling Irongate Shopping Center, a 57,830 sq.ft. center located at 6103 Ironbridge Road in Richmond, VA for $4.2 million. Anchors include Food Lion and Eckerd. The center is 100% occupied. For more information, contact Michael Weisberg, Grubb & Ellis/Harrison & Bates, 830 East Main Street, Richmond, VA 23219; 804-788-1000 Ext. 242, Fax 804-782-1145; Email: mike.weisberg@harrison-bates.com; Web site: www.harrison-bates.com.
M2 Realty Corp. is looking to acquire a land area of 10,000 sq.ft. in downtown Fort Lauderdale, FL or South Beach of Miami, FL. The company also is looking for a 4,000 sq.ft. to 5,000 sq.ft. restaurant site in Coral Gables, FL and retail/office properties in Dade, Broward and Monroe Counties in FL. For more information, contact Carlos Guzman, M2 Realty Corp., 777 Brickell Avenue, Suite 1200, Miami, FL 33131; 305-373-9800 Ext. 29, Fax 305-373-0905; Email: guzman@m2realty.com.
CB Richard Ellis/The Dalton Team sold a 24,370 sq.ft. Big Lots in Chico, CA. 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 $5.94 million. The center is 100% leased and is anchored by Lowe’s Home Improvement. Area demographics include a population of 177,947 within five miles earning $88,725 as the average household income. CB Richard Ellis, Inc. is selling a 10,010 sq.ft. building located at 38-40 Centerpointe in La Palma, CA for $4.033 million. The center has four retail sites and one established restaurant on NNN leases. The company also is selling Palmdale Auto Center, a 23,186 sq.ft. center located at 421 Auto Center Drive in Pasadena, CA. For more information, contact Gregory M. Dalton, CB Richard Ellis/The Dalton Team, 1512 Eureka Road, Suite 100, Roseville, CA 95661-3040; 916-781-4816; Email: greg.dalton@cbre.com. For more information regarding Bouquet South Shopping Center, contact Philip D. Voorhees, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8521.8545. For more information regarding the property in La Palma, CA, contact Philip D. Voorhees, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8500, Fax 949-725-8545; Web site: www.cbre.com. For more information regarding Palmdale Auto Center, contact Jodi Meade, CB Richard Ellis, Inc., 355 South Grand Avenue, 31st Floor, Los Angeles, CA 90071; 213-613-3235, Fax 213-613-3636; Email: jodi.meade@cbre.com.
Holliday Fenoglio Fowler sold Dominion Marketplace, a 75,506 sq.ft. center located in Chesapeake, VA on behalf of Equity Investment Group. The center is anchored by Food Lion, Family Dollar and Sentara Enterprises. The company also sold Collin Creek Shopping Center, a 481,565 sq.ft. center located in Dallas, TX. For more information, contact Holliday Fenoglio Fowler, 2 Alhambra Plaza, Penthouse II-A, Coral Gables, FL 33134; 305-448-1333, Fax 404-842-4600; Web site: www.hfflp.com. For more information regarding Collin Creek Shopping Center, contact Holliday Fenoglio Fowler, One LincolnPark, Suite 400, 8401 North Central Expressway, Dallas, TX 75225; 214-265-0880, Fax 214-265-1686.
Ludwig & Seeley Real Estate, Inc. sold a land area of 13 acres in Gaylord, MI to Lowe’s Home Centers. For more information, contact Max Goldman, Ludwig & Seeley Real Estate, Inc., 31555 West 14 Mile, Suite 100, Farmington Hills, MI 48334; 248-539-1700; Web site: www.ludwigseeley.com.
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