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Buyers & Sellers
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Buyers & Sellers 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. Area demographics include a population of 56,687 within five miles earning $56,512 as the average household income. The company also is selling a six-acre site located on Roosevelt Trail in North Windham, ME. 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.
Michael Antkies Retail Real Estate is looking to acquire retail sites throughout CT, NJ and NY. The sites must be between 50,000 sq.ft. to 500,000 sq.ft. For more information, contact Michael Antkies, Michael Antkies Retail Real Estate, 226 Great Hill Road, Ridgefield, CT 06877; 203-438-9525, Fax 203-894-8434; Email: mantkies@antkies.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.
Net Leased Investment Co. is selling a 3,200 sq.ft. freestanding building located in Kissimmee, FL for $1.956 million with a Cap rate of 8.25%. The building is situated on a land area of one acre. For more information, contact Mike Sheerin, Net Leased Investment Co., 120 Alexandria Boulevard, Suite 18, Oviedo, FL 32765; 407-977-2448, Fax 407-977-0775; Email: msheerin@netleased.com.
Signature Associates-ONCOR International negotiated the sale of a 9,434 sq.ft. building located on Michigan Avenue in Dearborn, MI. Village Green Store, LLC acquired the property. For more information, contact Bruce Baja or Dan Jacob, Signature Associates-ONCOR International, One Towne Square, Suite 1200, Southfield, MI 48076; 248-948-9000.
Champion Properties, Inc. is looking to acquire value-added and semi-stabilized retail, industrial and office properties located nationwide. The company is looking to 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.
Murphy Commercial Realty, Inc. is selling a 6,586 sq.ft. building located on Gulf Boulevard in Pinellas County, FL for $1.3 million. For more information, contact Patti Laubaugh, Murphy Commercial Realty, Inc., 513 North Belcher Road, Suite A, Clearwater, FL 33765; 727-736-0202, Fax 727-736-0302.
Sperry Van Ness completed the sale of a 2,300 sq.ft. Burger King located on Van Buren Boulevard in Upland, CA for $1.84 million. For more information, contact David Ebling or Megan Monfort, Sperry Van Ness, 18881 Von Karman Avenue, Suite 800, Irvine, CA 92612; 949-225-1894, Fax 949-553-1697; Emails: david.ebling@svn.com and megan.monfort@svn.com; Web site: www.svn.com.
Cedar Shopping Centers, Inc. entered into agreements to acquire a portfolio of eight supermarket-anchored properties for $95 million and a portfolio of four redevelopment properties. The properties located in PA include: Liberty Marketplace, a 68,200 sq.ft. center located in Dubois; Mechanicsburg Shopping Center located in Mechanicsburg; and Dunmore Shopping Center, a 101,000 sq.ft. center located in Dunmore. The properties located in VA include: The General Booth Shopping Center, a 73,320 sq.ft. center located in Virginia Beach; Suffolk Plaza Shopping Center located in Suffolk; Kempsville Shopping Center, a 94,477 sq.ft. center located in Virginia Beach; Little Creek Shopping Center located in Norfolk; Smithfield Shopping Center located in Smithfield and Coliseum Marketplace, a 104,941 sq.ft. center located in Hampton. The properties located in MI include: Clyde Park Shopping Center, a 117,000 sq.ft. center located in Wyoming; Stadium Plaza Shopping Center, an 80,000 sq.ft. center located in East Lansing and Bay City Stadium Plaza, a 136,000 sq.ft. center located in Bay City. For more information, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Suite 304, Port Washington, NY 11050; 800-564-3128.
New England Retail Properties, Inc. sold Derry Meadow Shops, a 187,000 sq.ft. supermarket-anchored center located in Derry, NH for $32 million. The center is situated on a land area of 49 acres and is tenanted by Hannaford Supermarket, Burger King, Dollar Tree, The Workout Club, Flagship Cinemas, Banknorth, EB Games, EZ Cash and The UPS Store. For more information, contact Matthew Halprin, New England Retail Properties, Inc., 1160 Silas Deane Highway, Wethersfield, CT 06109; 860-529-9000, Fax: 860-563-9667; Email: halprinm@newenglandretail.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.
CB Richard Ellis Atlanta is selling a 1,750 sq.ft. Starbucks on North St. Augustine Road in Valdosta, GA for $1.438 million with a Cap rate of 6.50%. The site is located between a mall and Interstate 75. Area retail includes Holiday Inn, Country Inn & Suites, Waffle House, Wendy’s, Applebee’s, KFC, Marriott, Denny’s, Howard Johnson, Outback Steakhouse, Hampton, Inn, Hooters, Quality Inn, Subway, UPS, Arby’s, Krystal, Michaels, Toys “R” Us, Loco’s Deli, Taco Bell, Publix, Cracker Barrel, Alltell, Bank or America, JCPenney, Burger King, Belk, Red Lobster, H&R Block, McDonald’s, Food Lion, Sears and Valdosta Cinema. For more information, contact Chris Bosworth, CB Richard Ellis Atlanta, Net Leased Properties Group; 404-923-1486, Fax 404-923-1241; Email: chris.bosworth@cbre.com.
P.P.I. Capital, Inc. is looking to acquire anchored centers nationwide for between $8 million and $45 million. The centers must have a GLA of at least 100,000 sq.ft. For more information, contact B.J. Halavi, P.P.I. Capital, Inc., 10850 Wilshire Boulevard, Suite 720, Los Angeles, CA 90024; 310-446-1122, Fax 310-475-5519; Email: bj@ppicapital.net.
Staubach Retail is selling a CVS pharmacy located at the intersection of Second Avenue and 112th Street in Lansingburgh, NY for $4.42 million with a Cap rate of 6.25%. For more information, contact David T. Wojciechowski, Staubach Retail, 12 East 49th Street, 31st Floor, New York, NY 10017; 212-418-2600, Fax 212-418-2675; Email: dtwoj@staubach.com; Web site: www.staubachretailne.com.
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.
Weichert Commercial Brokerage, Inc. is selling a 3,000 sq.ft. building located on Orange Street in Newark, NJ for $1.1 million. For more information, contact Stephen Sander or Peter Scrivo, Weichert Commercial Brokerage, Inc., 225 Littleton Road, Morris Plains, NJ 07950; 973-267-7778, Fax 973-267-5432; Emails: ssander@weichertcommercial.com and pscrivo@weichertcommercial.com; Web site: www.weichertcommercial.com.
SouthEast Commercial Real Estate Group, Inc. is selling a land area of 26 acres located off Speedway Boulevard in Concord, NC for $6.5 million. The land is situated between Concord Mills Mall and Lowe’s Motor Speedway. For more information, contact Lesley Williams, SouthEast Commercial Real Estate Group, Inc., 1401 West Morehead Street, Suite 125, Charlotte, NC 28208; 704-370-3000 Ext. 351, Fax 704-370-6507; Email: lwilliams@southeastcommercial.com. |