|
Buyers & Sellers
|
|
|
Buyers & Sellers Upland Real Estate Group, Inc. sold a Childtime Learning Center located at the intersection of Interstate 494 and Bass Lake Road in Maple Grove, MN for $2.4 million. For more information, contact Melissa Deshler, Upland Real Estate Group, Inc., 250 Marquette Avenue, Suite 575, Minneapolis, MN 55401-1872; 612-332-6600, Fax 612-376-4489; Email: melissa@upland.com; Web site: www.upland.com.
Syndicated Equities Corp. sold a Walgreens store located in Elgin, IL for $6.5 million. The company also brokered the sale for a 14,500 sq.ft. Walgreens store located in Marion, IN for $3.8 million. The company also sold a Washington Mutual Bank located in Palm Beach, FL for $2.9 million. For more information, contact Ari Vinkour, Syndicated Equities Corp., 1345 North Wells Street, Chicago, IL 60610; 312-640-9020.
Baum Realty Group sold a 1.5-acre property located at the intersection of Route 59 and 95th Street in Naperville, IL for $3.9 million. The building is currently occupied by Bank of America. For more information, contact Baum Realty Group, Inc., 1030 West Chicago Avenue, Suite 300, Chicago, IL 60622; 312-666-3000, Fax 312-666-7970; Web site: www.baumrealty.com.
Stanley & Associates is selling the following properties: an 8,000 sq.ft. Matthews Grocery store located on Route 33 South in Beaver, OH for $900,000; a Dan’s Furniture located on East North in Waverly, OH for $399,000; and a Shirley’s Food & Carryout located on State Route 33 South in Beaver, OH. For more information, contact Larry Stanley, Stanley & Associates, 125 Victory Drive, Waverly, OH 45690; 740-941-4422, Fax 740-941-4424.
Insite Commercial Group is selling a land area of 6.75 acres located on South Wayne in Westland, MI. For more information, contact Greg Hornby, Insite Commercial Group, 25800 Northwestern Highway, Suite 720, Southfield, MI 48075; 248-359-9000; Web site: www.insitecommercial.com.
Matanky Realty Group is selling the following sites in Chicago, IL: a land area of six acres on West Chicago Avenue for $2.25 million and an 80,000 sq.ft. loft building on North Mendell Street for $2.8 million. For more information, contact Eli Kalman, Matanky Realty Group, 200 North LaSalle Street, Suite 2350, Chicago, IL 60601; 312-337-1001, Fax 312-337-5996; Email: ekalman@matanky.com; Web site: www.matanky.com.
Champion Properties, Inc. is looking to acquire value-added and semi-stabilized retail, industrial and office properties located nationwide. The company is looking to acquire sites with a GLA of at least 25,000 sq.ft. for up to $30 million. For more information, contact Michael Schneck, Champion Properties, Inc., 2006 Condor Lane, Suite 101, Gibsonia, PA 15044; 724-746-3116, Fax 724-746-3153.
Ludwig & Seeley Real Estate, Inc. sold East Oak Square Shopping Center, a 22,700 sq.ft. center located on Grand River Avenue in East Lansing, MI. For more information, contact Heather Stout, Ludwig & Seeley Real Estate, Inc., 29580 Northwestern Highway, Suite 110, Southfield, MI 48034; 248-750-1700, Fax 248-750-1771; Web site: www.ludwigseeley.com.
Brooks, Torrey & Scott, Inc. is selling Liberty Rock Shopping Center, a 175,876 sq.ft. center located at the intersection of Boston Post Road and Route 1 in Milford, CT for $16 million. The center includes two pad sites for Walgreens and Taco Bell and is situated on a land area of 20.44 acres. The site has an average daily traffic count of 30,000 vehicles. Area demographics include a population of 142,295 within five miles earning $65,256 as the average household income. For more information, contact Torrey D. Brooks, Brooks, Torrey & Scott, Inc., 542 Westport Avenue, 2nd Floor, Norwalk, CT 06851; 203-847-2616, Fax 203-840-4848; Email: torrey@btsrealty.com.
The Leslie Group is selling a land area of 1.03 acres located on College Corner Pike in Oxford, OH for $325,000. Area retail includes Wal*Mart Supercenter, Bob Evans, KFC, AutoZone and Carquest. For more information, contact Kevin Thaxton, The Leslie Group, 5060 Parkcenter Avenue, Suite B, Dublin, OH 43017; 614-760-8705, Fax 614-760-0705; Email: kthaxton@lesliegp.com.
Coldwell Banker Commercial – Investment Services Group is representing three clients in a 1031 exchange looking for NNN leased single or multi-tenant properties nationwide. The properties must be located in an area with a population of 100,000 or more, have credit tenants, a minimum of 10 years left on the lease for single tenant, and a cost of $4 million and up with a Cap rate of 7% or better. For more information, contact Shawn Collins, Coldwell Banker Commercial – Investment Services Group, 1340 Bayshore Highway, Burlingame, CA 94010; 650-344-4300 Ext. 24, Fax 650-344-4311; Email: spcollins@coldwellbanker.com.
Finard & Co., LLC is selling a 5.2-acre site located on Elm Street in Amesbury, MA. Area retail include Acapulcos Mexican Restaurant, Hallmark, Movie Gallery, H&R Block, UPS Store, Supercuts, Papa Gino’s, Dunkin’ Donuts and McDonald’s. The site has an average daily traffic count of 32,400 vehicles. The company also is selling a six-acre site located on Roosevelt Trail in North Windham, ME. The site has an average daily traffic count of 26,800 vehicles. Area retail includes Wal*Mart Supercenter, Sears and Shaw’s. Demographics include a trade-area population of 37,800 earning $59,237 as the average household income. For more information, contact Dan Connelly, Finard & Co., LLC, One Burlington Woods Drive, Burlington, MA 01803; 781-418-6217, Fax 781-229-2823; Email: dconnelly@finard.com.
Marcus & Millichap Real Estate Investment Brokerage & Co. sold Palo Verde Shopping Center, a 223,580 sq.ft. center located on South Pacific Avenue in Yuma, AZ for $14.05 million with a Cap rate of 7%. The center is currently 100% occupied and is anchored by Wal*Mart. The company also sold Oak Glen Strip, a 29,324 sq.ft. center located on Yucaipa Boulevard in Yucaipa, CA for $5.5 million with a Cap rate of 6%. The center is 100% occupied and is anchored by Carl’s Jr. and Jose’s Mexican Food. The company also sold a 2,115 sq.ft. Starbucks located on East 17th Street in Santa Ana, CA for $1.68 million with a Cap rate of 5.15%. For more information, contact Rebecca Barz, Marcus & Millichap Real Estate Investment Brokerage Co., 3281 Eat Guasti Road, Suite 800, Ontario, CA 91761; 909-605-1800 Ext. 670, Fax 909-605-1821; Email: rbarz@marcusmillichap.com; Web site: www.marcusmillichap.com.
Inland Western Retail Real Estate Trust, Inc. acquired the 628,626 sq.ft. retail portion of Phase I of The Gateway Shopping Center in Salt Lake City, UT. For more information, contact Inland Western Retail Real Estate Trust, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 630-218-8000; Web site: www.inlandgroup.com.
Columbus Commercial Realty is selling a 15,330 sq.ft. center located in Columbus, OH for $3.9 million with a Cap rate of 9%. The center is tenanted by Starbucks. The company also is selling a 16,916 sq.ft. center located in Columbus, OH for $3.925. Area retail includes Kohl’s, Meijer and Home Depot. For more information, contact Kevin T. James, Columbus Commercial Realty, 300 East Broad Street, Suite 500, Columbus, OH 43215; 614-280-4817, Fax 614-233-5917; Web site: www.ccrcw.com.
CORE Properties is selling an 8,300 sq.ft. former AleHouse Restaurant located on North Tryon Street in Charlotte, NC for $3.5 million. The site has an average daily traffic count of 33,000 vehicles. Area demographics include a population of 155,977 within five miles earning $52,663 as the average household income. Lease rates are $30 per sq.ft. NNN, while lease terms are 19 years with three and five-year options. For more information, contact Mike Thompson or Keely Simerville, CORE Properties, 831 East Morehead Street, Suite 445, Charlotte, NC 28202; 888-590-CORE; Web site: www.coreproperties.com.
Fameco Real Estate negotiated the sale of West Side Mall, a 285,000 sq.ft. center located in Wilkes-Barre, PA to WP Realty. Fameco represented the seller, EMA Associates, LP, in the transaction. The center is currently tenanted by Price Chopper, Rite Aid, A.J. Wright and Jo-Ann Fabrics. The center also includes an 80,000 sq.ft. building formerly occupied by Ames Department Store. For more information, contact Diane Weinberg, Fameco Real Estate, 15 East Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793.
Phase One Realty, Inc. is selling a 47,311 sq.ft. site located in Louisville, KY for $4.95 million with a Cap rate of 7.25%. The building is situated on a land area of 5.3 acres and has 19 years remaining on the base lease term. For more information, contact Robert H. Fippinger, Phase One Realty, Inc., PO Box 22865, Santa Fe, NM 87502 or 2011 Botulph Road, Santa Fe, NM 87505; 505-986-2942, Fax 505-988-5134; Email: rhf@phaseonerealty.com.
Quine & Associates, Inc. is selling a 41,000 sq.ft. supermarket-anchored center for $2.186 million and a single-tenant supermarket for $720,000 in small TX markets. Both locations have new, 10-year leases. For more information, contact Douglas Wilder, Quine & Associates, Inc., 301 South Sherman, Suite 100, Richardson, TX 75081; 972-669-8440 Ext. 242, Fax 972-783-8901; Email: dwilder@quine.com.
Richman Realty Associates is selling Walgreens stores throughout CA, CO, IL, MN, TX, VA and WI. The stores have Cap rates ranging from 6% to 7.2% and are priced from $4 million to $7.5 million. For more information, contact Seymour I. Richman, Richman Realty Associates, 21597 Juego Circle, Suite 6C, Boca Raton, FL 33433; 561-852-7090, Fax 561-852-8346; Email: syrich@adelphia.net.
|