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Buyers & Sellers
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Buyers & Sellers Green Realty Co., LLC is representing a 1031 buyer for an Advance Auto Parts store. The site must have a 15-year lease and cost between $1 million and $1.2 million. For more information, contact Michael L. Green, Green Realty Co., LLC, 1020 North Broadway Co., LLC, Milwaukee, WI 53202; 414-431-3700; Email: mgreen@nnnbroker.com.
Millennium Properties, Inc. represented both buyer and seller in the sale of a 14.02-acre development site located on Highway 64 in Antigo, WI. The space was formerly occupied by Kmart and Copps Food Center. Currently, the center is tenanted by Fashion Bug, Cost Cutters and Dollar Tree. For more information, contact Susan B. Silver, Millennium Properties, Inc., Two First National Plaza, 20 South Clark Street, Suite 630, Chicago, IL 60603; 312-338-3001.
Upland Real Estate Group, Inc. sold a 2,400 sq.ft. Starbucks located in Helena, MT for $1.05 million. Area retail includes Budget Inn & Express, Domino’s Pizza, Goodyear Auto & Tire Center, YMCW, Holiday Super Station, Coney Island, Holiday Inn, Hardee’s, Subway, Taco Bell and Osco Drug. 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.
Stan Johnson Co. is selling a 3,500 sq.ft. DQ Grill & Chill restaurant located on East Austin in Giddings, TX for $1.485 million. The building is situated on a land area of 1.182 acres. For more information, contact Ryan Butler or Gill Warner, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690, Fax 918-494-2692; Emails: rbutler@stanjohnsonco.com and gwarner@stanjohnsonco.com; Web site: www.stanjohnsonco.com.
Coldwell Banker Commercial – Investment Services Group is representing a client who is closing on the sale of a retail property and needs a replacement property with the following criteria: multi-tenant centers located throughout the western and southern U.S., a minimum Cap rate of 7%, some national and credit tenants and an upside in rent escalations or minor retenanting. The client is looking to acquire properties for between $2 million and $6 million. 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.
NAI Houston acquired a 6,500 sq.ft. site on Northdale in Houston, TX. For more information, contact Heather Norbeck, NAI Houston, 3D/International Tower, 1900 West Loop South, Suite 500, Houston, TX 77027; 713-629-0500, Fax 713-629-0504; Web site: www.naihouston.com.
The Boraca Group is selling a 20,000 sq.ft. center located in Arlington Heights, IL for $2.8 million with a Cap rate of 6.5%. The property is situated on a land area of two acres and includes a 2,400 sq.ft. apartment. For more information, contact Michael A. Boraca, The Boraca Group, RE/MAX At Home, 2849 Kirchoff Road, Rolling Meadows, IL 60008; 847-255-1000, Fax 847-255-5223; Email: mboraca@mikeboraca.com; Web site: www.darealestateman.com.
Net Leased Investment Co. is representing a client looking for a net leased property in FL for between $1.5 million and $2.3 million. For more information, contact Mike Sheerin or Loree Barnard, Net Leased Investment Co., 120 Alexandria Boulevard, Suite 18, Oviedo, FL 32765; 407-977-2448, Fax 407-977-0775; Email: msheerin@netleased.com; Web site: www.netleased.com.
Colliers International is selling an NNN investment opportunity at the intersection of Fairmont Parkway and Sam Houston Parkway in Pasadena, TX for $2.275 million with a Cap rate of 7.5%. The site is tenanted by Willie’s Ice House & Grill. For more information, contact David M. Butler, Colliers International, 1300 Post Oak Boulevard, Suite 200, Houston, TX 77056; 713-830-2105, Fax 713-986-4405; Email: dbutler@collierstexas.com; Web site: www.collierstexas.com.
Lewis & Caplan, APLC is selling a Jack-In-The-Box restaurant located on Burbank Drive in Baton Rouge, LA for $1.99 million with a Cap rate of 6.1%. The restaurant has 13.5 years remaining on its lease. For more information, contact Robert A. Caplan, Lewis & Caplan, APLC, 3631 Canal Street, New Orleans, LA 70119; 504-486-7766, Fax 504-486-7769; Email: rc@lewis-caplan.com.
KGK Commercial Group, LLC is selling the following Walgreens properties: a FL location for $5.995 million with a Cap rate of 6.19%; a PA location for $8.4 million with a Cap rate of 6.19% and a MI location. For more information, contact Kevin G. Kowalski, KGK Commercial Group, LLC, 14026 Trouville, Suite 200, Tampa, FL 33624; 813-629-7299, Fax 813-963-2099; Email: kgkowalski@tampabay.rr.com.
Eastern Net Lease Advisors is looking to acquire strip centers and freestanding buildings in secondary markets throughout New England for between $500,000 and $5 million. The buildings must be between 5,000 sq.ft. and 30,000 sq.ft. and be situated on land areas from 0.5 acres to 20 acres. The company will consider short-term leases, joint ventures and partnership opportunities. For more information, contact Michael R. O’Mara, Eastern Net Lease Advisors, 21 Oak Street, Medway, MA 02053; 508-321-1422, Fax 508-321-1344; Email: mike@eastern1031.
AAG Management Co. is representing a client looking to acquire supermarket properties, freestanding big box or distribution centers. For more information, contact Martin Kapelner, AAG Management Co., 421 Seventh Avenue, 15th Floor, New York, NY 10001; 212-564-7250, Fax 212-615-2736.
Featherstone Realty, Inc. is representing a client looking to acquire leased properties throughout FL for under $5 million. The company, however, will consider sites on a case-to-case basis and prefers retail, industrial, office and some special-use buildings. For more information, contact George E. Featherstone, Featherstone Realty, Inc., 4655 West Flagler Street, Miami, FL 33134; 305-442-2017, Fax 305-386-9229; Email: siteselector@juno.com.
Tri-Star Realty Group, LLC is representing a client looking to acquire strip centers, mobile home parks, freestanding locations and other sites for under $500,000 in Hillsborough and Pinellas Counties in FL. The client prefers a Cap rate of 10%. For more information, contact Mark D. Spoto, Tri-Star Realty Group, LLC, One Mack-Cali Center, 501 East Kennedy Boulevard, Suite 1220, Tampa, FL 33602; 813-272-9700, Fax 727-442-9500; Web site: www.tristarrealtygroup.com.
Shodeen Management is selling Fox Island Square, a center located on West Illinois in St. Charles, IL for $8.2 million. The center is currently 92% occupied. For more information, contact Theresa Schulz, Shodeen Management, 89 North First Street, Geneva, IL 60134; 630-232-7882, Fax 630-232-7895.
Grubb & Ellis is selling a 2,970 sq.ft. site located on Buchanan Road in Pittsburg, CA for $2.137 million with a Cap rate of 5.5%. The center is anchored by Starbucks and Papa John’s. For more information, contact Ray Devlin, Grubb & Ellis, 2001 North Main Street, Suite 450, Walnut Creek, CA 94596; 925-274-2485, Fax 925-935-6895. |