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Buyers & Sellers
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Buyers & Sellers Bows Real Estate is selling a 15,000 sq.ft. outparcel shadow-anchored by a 150,000 sq.ft. Wal*Mart Supercenter in Dayton, TN for $1.972 million. The company also is selling a land area of 5.75-acres at the intersection of Interstate 75 and Wade Green Road in Cobb County, GA for $1.2 million. For more information, contact Lamar Fields, Bows Real Estate, PO Box 52225, Atlanta, GA 30355; 404-812-6801; Email: plfields54@yahoo.com . For more information regarding the site in Cobb County, GA, contact David Bows at 404-842-1677.
Anderson Commercial Brokerage is selling outparcels located on Team Boulevard in Smyrna, TN. The site is located adjacent to Roxy’s 14-screen movie theater. The sites range in size from 0.82 acres to 1.25 acres. For more information, contact Rita Anderson, Anderson Commercial Brokerage, 2442 North Mt. Juliet Road, Mt. Juliet, TN 37122; 615-754-2442, Fax 615-758-8012; Email: acbdealmkr@comcast.net .
Colliers Arnold is selling a land area of 0.49 acres at the intersection of Martin Luther King Boulevard and Pine Street in Seffner, FL for $195,000. The site is located adjacent to the GTE Federal Credit Union and has an average daily traffic count of 34,000 vehicles. Area demographics include a population of 111,530 within five miles earning $56,180 as the average household income. For more information, contact Thomas G. Chamblee, Colliers Arnold, 4350 West Cypress Street, Suite 300, Tampa, FL 33607-4175; 813-221-2290; Email: tchamblee@colliersarnold.com ; Web site: www.colliersarnold.com .
Holliday Fenoglio Fowler, L.P. is selling Deerbrook Marketplace, a 328,726 sq.ft. center located at the intersection of U.S. Highway 59 and FM 1960 in Humble, TX. The center is situated on a land area of 36.27 acres and is currently 97% occupied. Anchors include Sports Authority, Best Buy, Bed Bath & Beyond, Marshalls, OfficeMax, PetSmart and Old Navy. The site has an average daily traffic count of 152,000 vehicles. Area demographics include a population of 382,047 within 10 miles earning $67,148 as the average household income. For more information, contact Barry Brown, Holliday Fenoglio Fowler, L.P., 8401 North Central Expressway, Suite 400, Dallas, TX 75225; 214-265-0880, Fax 214-265-9564; Web site: www.hfflp.com .
Sealy & Dickson, L.L.C. is selling a 29,570 sq.ft. anchor position at Longview Mall, a 609,000 sq.ft. mall located on McCann Road in Longview, TX. The center is anchored by Dillard’s, JCPenney, Sears and Beall’s. Area demographics include a population of 73,825 within five miles earning $60,409 as the average household income. The site has an average daily traffic count of 57,444 vehicles. For more information, contact Melissa Riddick, Sealy & Dickson, L.L.C., 333 Texa Street, Suite 1050, Shreveport, LA 71101; 318-222-8700; Email: melissar@sealynet.com ; Web site: www.sealynet.com .
AmCap, Inc. and Hart Realty Advisers, Inc. acquired the retail portion of Clayton Lane in the Cherry Creek North area of Denver, CO. The 182,802 sq.ft. center is tenanted by Crate & Barrel, Whole Foods Market, Bose, Orvis, North, White House/Black Market and Arhaus Furniture. In a related deal, AmCap established a joint venture with a developer to own and operate the site upon which the 155,000 sq.ft. Sears building currently sits. CB Richard Ellis brokered the record-breaking sale. At a price of $97 million, the transaction equates to $531 psf. The acquisition of Clayton Lane represents the fifth transaction of a $450 million acquisitions program for retail centers in a joint venture partnership between AmCap, Inc.and Hart. For more information, contact Jake Bisenius, AmCap, Inc., 1281 East Main Street, Stamford, CT 06902; 203-327-2001; Email: jbisenius@amcap.com . Or contact, William H. Holmes, Hart Realty Advisers, Inc.; 860-651-4000.
McCollom Realty, Ltd. is selling a land area of 2.05 acres on South Miller Park Way in West Milwaukee, WI. Area retail includes T.G.I. Friday’s, Target, Chili’s, Culvers, IHOP and Boston Market. Area demographics include a population of 228,551 within three miles. The site is located four blocks from Miller Park Stadium. For more information, contact McCollom Realty, Ltd., 1010 Lake Street, Oak Park, IL 60301; 708-383-6450, Fax 708-383-1120; Web Site: www.mccollomrealty.com .
DRA Advisors, LLC is selling the following retail sites: Mount Pleasant Towne Center, a 450,000 sq.ft. center located in Charleston, SC. Anchors include Belk, Old Navy, Barnes & Noble, Bed Bath & Beyond, Earth Fare and Consolidated Theatre; Costco on Morena, a 410,000 sq.ft. center located in San Diego, CA. Anchors include Costco Wholesale, Price Self Storage and Charlotte Russe; Bigg’s Place, a 400,000 sq.ft. center located in Cincinnati, OH. Anchors include Bigg’s Hypermarket, Gold’s Gym and Hobby Lobby; Dearbrook Marketplace, a 330,000 sq.ft. center located in Humble, TX. Anchors include Best Buy, Marshalls, Bed Bath & Beyond, Sports Authority, OfficeMax, PetSmart and Old Navy; Eastchase Market, a 235,000 sq.ft. center located in Fort Worth, TX. Anchors include Ross Dress For Less, United Artists Theatre, PetSmart and Home Depot Floor Store; Maple Shade, a 200,000 sq.ft. center located in Moorestown, NJ. Anchors include Lowe’s Home Improvement, Sports Authority and Bally Total Fitness; The Shops at Kildeer, a 170,000 sq.ft. center located in Kildeer, IL. Anchors include Bed Bath & Beyond, Circuit City, Old Navy and World Market; and a CarMax portfolio with 12 sites in CA, FL, IL, MD, TN, TX and VA. For more information, contact Janine Roberts or Dean Sickles, DRA Advisors, LLC, 220 East 42nd Street, 27th Floor, New York, NY 10017; 212-697-4740; Emails: jroberts@draadvisors.com and dsickles@draadvisors.com ; Web site: www.draadvisors.com .
Next Realty Midwest, LLC brokered the acquisition of a 200-acre assemblage of land in five separate transactions for a value of $38 million. Located at the intersection of Boughton Road and Interstate 35 in Bolingbrook, IL, the land was acquired for the development of The Bolingbrook Promenade, a center that will be anchored by a Bass Pro Shop Outdoor World and Macy’s. The center will open next year. For more information, contact Next Realty Midwest, LLC, 400 Skokie Boulevard, Suite 800, Northbrook, IL 60062; 847-881-2000, Fax 847-881-2200; Email: info@nextrealty.com ; Web site: www.nextrealty.com .
Pan Pacific Retail Properties is looking to acquire centers throughout CA, OR, NV and WA, and will also consider portfolios in AZ, ID and UT. The company seeks to acquire neighborhood and community centers anchored by supermarkets or drug stores with a GLA of 65,000 sq.ft. and up. The company seeks stabilized market-dominant properties with supply-side restrictions and strong demographics and value-added opportunities offering potential near-term revenue enhancements that could result from repositioning the tenant mix, building expansion space for existing or new tenants and building out pads. For more information, contact Stuart A. Tanz, Pan Pacific Retail Properties, 1631-B South Melrose Drive, Vista, CA 92081; 760-727-1002, Fax 760-727-1430; Email: stanz@pprp.com ; Web site: www.pprp.com .
Commerce CRG is selling shop space at Riverton Meadows, a Lowe’s Home Improvement-anchored center located on South Bangerter Highway in Riverton, UT. Area demographics include a population of 85,141 within five miles earning $75,589 as the average household income. For more information, contact Tom Cook or Jake Faircloug, Commerce CRG, 175 East 400 South, Suite 700, Salt Lake City, UT 84111; 801-303-5488/5489/5567; Emails: tcook@commercecrg.com and jfairclough@commercecrg.com ; Web site: www.commercecrg.com .
Excel Realty Holdings is looking to acquire power, regional community and neighborhood supermarket-anchored centers located in dominant retail corridors nationwide. The company prefers anchored centers with 70% to 75% national credit tenants, stabilized assets with long-term anchor leases, value-added assets with short term leases and strong sales, freestanding retail NNN lease properties with national credit tenants and individual or portfolio transactions. The company prefers that the anchor tenants occupy space greater than 10,000 sq.ft. For more information, contact Mark T. Burton, Excel Realty Holdings, 801 North 500 West, Suite 201, Bountiful, UT 84010; 801-294-2400, Fax 801-294-7479; Email: sfarnsworth@excelretalyholdings.com ; Web site: www.excelrealtyholdings.com .
Hilco Real Estate is selling a land area of 1.9 acres at the northeast corner of Clear Lake Avenue and Dirksen Parkway in Springfield, IL for $2.2 million. The site has an average daily traffic count of 25,000 vehicles. The only improvement currently on the site is an approximately 3,300 sq.ft. former Hardee’s restaurant, which is being sold for $1.3 million. The company also is selling an undeveloped 0.38-acre lot located on West 79th Street in Chicago, IL for $700,000. The site has an average daily traffic count of 21,000 vehicles. Area retail includes Dunkin’ Donuts, Dominick’s, Subway, Chase and Hostess Bakery Outlet. Taco Bell Corporate has a ground lease in place with nine years remaining. Annual rent is currently $43,560 and increases to approximately $48,000 in August 2010 for the remainder of the primary lease term. The tenant has an interest in buying out the remainder of the lease obligation. The company also is selling two former Hardee’s restaurants in Montgomery, AL. The properties are located on Day Street and Norman Bridge Road. Each building is approximately 3,500 sq.ft. and is situated on a land area of 1.6 acres. The Day Street property is being sold for $195,000 with an asking rent of $10 psf, while the Norman Bridge Road site is being sold for $195,000 with an asking net rent of $10 psf. For more information, contact Matt Darin or Josh Joseph, Hilco Real Estate, One Northbrook Place, Five Revere Drive, Suite 320; 847-504-2456 or 847-504-2459; Emails: mdarin@hilcorealestate.com and jjoseph@hilcorealestate.com ; Web site: www.hilcorealestate.com .
Block & Co., Inc. brokered the sale of the space located on East Central Street in Wichita, KS between ARIA Enterprises and buyer Crescent Oil Co. The company also brokered the sale for the space located on South Noland Road in Kansas City, MO between private investors and buyer Corridor Properties, LLC. For information, contact Monique Scritchfield, Block & Co., Inc., 605 West 47th Street, Suite 200, Kansas City, MO 64112; 816-753-6000, Fax 816-412-7401; Web site: www.blockandco.com .
KMO Development Group, Inc. is selling the following sites: a Houlihan’s restaurant in Algonquin, IL with a 15-year lease for $2.676 million with a Cap rate of 9%; a Boston’s Gourmet Pizza restaurant with a 20-year lease in Mill Creek, VA for $2.984 million with a Cap rate of 9%; an R.J. Gator’s restaurant in Jacksonville, FL with a 20-year lease for $3.748 million with a Cap rate of 8.50%; a Boston’s Gourmet Pizza restaurant in Evansville, IN with a 20-year lease for $3.52 million with a Cap rate of 8.25%; a retail center located in Clovis, NM for $2.808 million with a Cap rate of 8.25% and a Back Yard Burgers restaurant located in Springfield, MO with a 20-year lease for $2.25 million with a Cap rate of 8%. For more information, contact Grant Stewart, KMO Development Group, Inc., 918-743-3456, Fax 918-743-4084; Email: gstewart@kmodevelopment.com .
Antonoff & Co. Brokerage, Inc. is selling an 8,765 sq.ft. center located on East Street in Golden, CO for $1.3 million with a Cap rate of 7.23%. The center is situated on a land area of 0.46 acres and has a net operating income of $93,985. The company also is selling Parker Pointe, a 19,969 sq.ft. center located on East Mississippi in Araphoe County, CO for $2.95 million with a Cap rate of 7.13%. The center is situated on a land area of 1.563 acres and has a net operating income of $210,281. The company also is selling a 25,000 sq.ft. pad site located at the intersection of Sable Boulevard and Bromley Lane in Brighton, CO. The site has an average daily traffic count of 40,500 vehicles. Cotenants include King Sooper’s, Blockbuster Video, Starbucks, Papa Murphy’s, Domino’s and Subway. Area demographics include a population of 37,340 within five miles earning $70,853 as the average household income. For more information, contact Steve Sebern or Gene Stone, Antonoff & Co. Brokerage, Inc., 1528 Wazee Street, Denver, CO 80202; 303-623-0200, Fax 303-454-5400; Emails: ssebern@antonoff.com and gstone@antonoff.com ; Web site: www.antonoff.com . For more information regarding the site in Brighton, CO, contact Jeffrey Hirschfeld or Eli Boymel; Emails: jhirschfeld@antonoff.com and eboymel@antonoff.com .
Staubach Retail is selling Las Colinas Plaza, a 134,953 sq.ft. center located at the intersection of Byron Nelson Way and MacArthur Boulevard in Las Colinas, TX. The center is anchored by a 53,275 sq.ft. Tom Thumb flagship supermarket and is adjacent to the Four Seasons Resort & Club Dallas. The center is currently 95.12% occupied. For more information, contact Ken Shulman or Alan Gore, Staubach Retail, 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5078/5109/5316; Emails: ken.shulman@staubach.com and alan.gore@staubach.com ; Web site: www.staubach.com .
GMH Capital Partners is selling a land area of 79.5 acres on Millstone Road in East Windsor, NJ. The maximum building area is approximately 865,000 sq.ft. For more information, contact David Forrest or Randall Calvert, GMH Capital Partners, 10 Campus Boulevard, Newtown Square, PA 19073; 610-355-8233/8259, Fax 610-355-8533/8559; Emails: dforrest@gmh-inc.com and rcalvert@gmh-inc.com ; Web site: www.gmhcp.com .
CRG Realty is selling a 200-acre commercial development site located contiguous to the new amusement and theme park development site in Bonifay, FL. The site is located a the intersection of Thomas Drive and Highway 79 and is selling for $155,000 per acre. The site is near the Jim Fowler Wildlife Park and will sit at the front to the three parks, including the amphitheatre, wildlife park and amusement park. For more information, contact Nan Gile, CRG Realty, 205 Azalea Street, Panama City Beach, FL 32407; 850-249-8555 or cell 850-960-7355, Fax 850-249-9988; Email: nangile@knology.net .
Burnham Real Estate is selling Costco on Morena, a 411,375 sq.ft. center located on Morena Boulevard in San Diego, CA. The center is situated on a land area of 26.82 acres. For more information, contact Peter D. Bethea, Burnham Real Estate, 858-452-6500; Email: bethea@burnhamrealestate.com .
NAI Ohio Equities is selling an 8,125 sq.ft. Goddard School located in Lake In The Hills, IL for $2.375 million. The building is situated on a land area of 1.06 acres. For more information, contact Michael Zelnik, NAI Ohio Equities, 614-629-5280, Cell phone 614-309-3288; Email: mike@44ohio.com .
NAI BT Commercial is selling a Sportsman’s Warehouse store located in Las Cruces, NM for $7.947 million with a Cap rate of 7.25%. The store has a new, 15-year NNN lease with fixed rental increases. For more information, contact Michael Maffia, NAI BT Commercial, 415-677-0478, Fax 415-956-3381; Email: pdaily@naibtcommercial.com .
Thessing Commercial Properties, LLC is selling Wal*Mart Supercenter shadow-anchored centers in OK and TX. For more information, contact Brad Thessing, Thessing Commercial Properties, LLC, 8410 Interlochen Drive, Fremont Hills, MO 65714; 417-860-7449, Fax 866-395-5054; Email: bthessing@tcpllc.org .
Hanley Brown Group Real Estate Advisors is selling a Washington Mutual in Apple Valley, CA for $2.311 million with a Cap rate of 5%. The site has a 10-year NNN lease with four, five-year options and 12.5% fixed rental increases every five years. The company also represented both buyer and seller in the sale of Desert Inn Pecos Center, a 48,172 sq.ft. center located at the intersection of East Desert Inn Road and Pecos-McLeod Drive in Las Vegas, NV for $11.44 million with a Cap rate of 6.6%. The center is situated on a land area of 3.36 acres. Tenants include Family Dollar, Nevada Career Institute and Ace Cash Express. For more information, contact Edward B. Hanley, Hanley Brown Group Real Estate Advisors, 2569 McCabe Way, Suite 100, Irvine, CA 92614; 949-585-7677, Fax 949-585-7611; Email: edward.hanley@hanleybrown.com ; Web site: www.hanleybrown.com .
Arroyo & Coates is selling a Walgreens store, on behalf of Sansome Pacific Properties, Inc., in Pasadena, CA for $8.975 million. The property is located at the intersection of North Lake and Orange Grove. Area demographics include a population of 181,643 within three miles earning $95,752 as the average household income. For more information, contact Paul Souza, Arroyo & Coates, 500 Washington Street, Suite 700, San Francisco, CA 94111; 415-445-7800 Ext. 184, Fax 415-723-7700; Email: psouza@a-c.com .
Linda Stancil-Redner and Associates is selling a land area of 2.967 acres at the intersection of Long Branch Extension and Coppermine in Dahlonega, GA for $250,000. For more information, contact Linda Stancil-Redner, Linda Stancil-Redner and Associates, 33 Live Oak Road, Suite A, Dahlonega, GA 30533; 706-867-0107, Fax 706-867-0245; Web site: www.lindastancilredner.com .
Grubb & Ellis/Quantum Commercial Group is selling Gateway Center in Montrose, CO for $12.4 million. The 900,000 sq.ft. center is located at the intersection of Colorado State Highway 50 and Miami Road and is situated on a land area of 110 acres. Grubb & Ellis/Idaho Commercial Group is selling a 36,764 sq.ft. retail or office development located at the intersection of Emerald Street and Benjamin Lane in Boise, ID for $325,000. Area demographics include a population of 98,728 within three miles earning $47,959 as the average household income. Area retail includes Cabelas, Office Depot, Best Buy, Ross Dress For Less, Old Navy, Circuit City, Target, David’s Bridal, Golden Corral, Big 5 Sports, Lens Crafters, T.G.I. Friday’s and the Boise Town Square Mall. For more information about Gateway Center, contact Candace Seaton or Hermann J. Spielkamp, Grubb & Ellis/Quantum Commercial Group, 101 North Cascade Avenue, Suite 200, Colorado Springs, CO 80903; 719-228-3624 for Candace Seaton, 719-228-3612 for Hermann J. Spielkamp, Fax 719-634-0404; Emails: candace.seaton@grubb-ellis.com and hermann.spielkamp@grubb-ellis.com ; Web site: www.quantumcommgrp.com . For information about the site at Emerald and Benjamin, contact Josh Wester of David Nielsen, Grubb & Ellis/Idaho Commercial Group, 533 East Riverside Drive, Suite 100, Eagle, ID 83616; 208-287-9487 for Josh Wester, 208-287-9483 for David Nielsen, Fax 208-287-9501; Emails: josh.wester@grubb-ellis.com and david.nielsen@grubb-ellis.com ; Web site: www.idahocg.com .
National Retail Properties, Inc. is selling a CVS drug store located in Fridley, MN for $2.695 million with a Cap rate of 5.75%. The annual rent is $155,000. The store has a new 25-year lease. For more information, contact Rebecca Gittens, National Retail Properties, Inc., 450 South Orange Avenue, Suite 900, Orlando, FL 32801; 407-650-1253, Fax 407-650-1046; Web site: www.nnn1031.com .
Mike Rivera & Associates, LLC is selling a 30,000 sq.ft. center located on U.S. 41 in north Naples, FL for $15 million with a Cap rate of 6.4%. The center is currently 100% occupied and has a net operating income of $906,404. The site has an escalation of 4% plus per term. For more information, contact Michael A. Rivera, Mike Rivera & Associates, LLC, PO Box 73, Estero, FL 33919; 239-770-6257, Fax 239-495-2066; Email: invest@e-realtyinfo.com .
ONO Commercial Partners is representing a client looking to acquire single-tenant properties and power centers nationwide from $4 million to $20 million. The client prefers tenant credit of B or better and a lease term of six years or longer. The company also is selling a 9,014 sq.ft. Dollar General store located on Airline Drive in Bossier City, LA. The store has a lease term of 10 years with five, five-year options. The company also is selling Fortune Plaza, a 20,300 sq.ft. center located in Youngsville, LA. The center has a Cap rate of 8.25% and a net operating income of $219,135. For more information, contact John D. Murphy, ONO Commercial Properties, 251-968-3585, Fax 251-968-8989; Email: jdmurphy@smartresort.com .
Millco Investments is selling a 7,000 sq.ft. Advance Auto Parts store located at the intersection of 43rd and Hempstead in Houston, TX for $1.938 million with a Cap rate of 6.5%. The building is situated on a land area of one acre. The site has a 15-year NNN lease with a 20% rent increase in year 11 and a net operating income of $126,000. The company also is selling a 9,180 sq.ft. Family Dollar store located at the intersection of Telephone Road and Covern Street in Houston, TX for $1 million with a Cap rate of 7.5%. The site has a net operating income of $75,000. For more information, contact Jordan J. Kaufman, Millco Investments, 19 South LaSalle Street, Suite 1000, Chicago, IL 60603; 312-377-7800 Ext. 103, Fax 312-377-7898; Email: jordan@millcoinvestments.com .
TriMax Properties is selling a Circle K store located in Mesa, AZ. The store has 17 years remaining on its lease with increases every five years. The building is situated on a lot of 34,761 sq.ft. For more information, contact Michael Linzey, TriMax Properties, 818-501-8059, Fax 818-501-1816; Email: michael@trimaxproperties.biz .
Lang Realty is representing a client looking to acquire upscale retail buildings and shopping centers in southern FL. The client has a budget in excess of $15 million. For more information, contact Peter Kernan, Lang Realty, 6271 PGA Boulevard, Palm Beach Gardens, FL 33418; 561-776-1850, Fax 561-626-5572; Email: petekernan@earthlink.net .
NAI Capital is selling an Arco am/pm convenience store/gas station located at the intersection of Main Street and Interstate 10 in Cabazon, CA for $2.9 million. For more information, contact Mainor Bojorquez, NAI Capital, 949-937-4062; Email: mainorb@naicapital.com .
Equity Retail Brokers sold a 13,800 sq.ft. Eckerd/Brooks pharmacy located on Aramingo Avenue in Philadelphia County, PA for $5.65 million to 75 Hawthorne Realty, LLC. The tenant will continue to operate the property, which includes a drive-thru service window. For more information, contact Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610-645-7000, Fax 610-645-5454.
Gannaway & Associates, LLC is looking to acquire centers in NC with Cap rates at 9% or more. The company prefers no single-tenant deals and no daisy chains. For more information, contact Denise and Mike Tayyeb, Gannaway & Associates, LLC, 589 Bedford Street, Stamford, CT 06901; 203-252-2200.
CB Richard Ellis, Inc. is selling a 3,333 sq.ft. Wendy’s restaurant on North Pepper Avenue in Colton, CA for $1.27 million with a Cap rate of 5.32%. CB Richard Ellis/Urban Retail Group is selling a land area of 6.28 acres on Highway 20 directly in front of a Wal*Mart in Galena, IL for $3.3 million. CB Richard Ellis is selling the following sites in FL: a land area of four acres on State Route 417 in Sanford for $2 million and a land area of 18.20 acres at the intersection of Interstate 95 and Route 1 in Ormond Beach. The company’s Oak Brook, IL office is selling The Shops at Kildeer, a 167,477 sq.ft. center located at the intersection of Rand Road and Long Grove Road in Kildeer, IL. Anchors include Bed Bath & Beyond, Circuit City, Old Navy and World Market. The center is currently 100% occupied. CB Richard Ellis/Melody Capital Markets is selling Eastchase Market, a 235,017 sq.ft. center located at the intersection of Eastchase Parkway and Interstate 30 in Fort Worth, TX. The center is situated on a land area of 28.92 acres, is currently 63% occupied and has a projected net operating income of $2,947,553. Anchors include Target and Office Depot, which are both separately owned, Ross Dress For Less, PetSmart, United Artists Movie Theater and The Home Depot Floor Store. The company’s Covington, LA office is selling Stirling Slidell Centre, a 339,529 sq.ft. center located at the intersection of Airport Road and Interstate 12 in Slidell, LA. Anchors include Circuit City, Dress Barn, Ross Dress For Less, Shoe Carnival, PetSmart, David’s Bridal, Cingular Wireless and Catherine’s. For more information, contact Patrick Toomey, Philip D. Voorhees and Holly Hamilton, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8452, Fax 949-725-8545; Emails: patrick.tommey@cbre.com , phil.vorhees@cbre.com and holly.hamilton@cbre.com . For more information regarding the site in Galena, IL contact Keely Polczynski, CB Richard Ellis/Urban Retail Group, 311 South Wacker Drive, Suite 400, Chicago, IL 60606; 312-861-7870, Fax 312-935-1880; Email: keely.polczynski@cbre.com ;. For more information regarding the FL properties, contact Bobby Palta, CB Richard Ellis, 201 South Orange Avenue, Suite 1500, Orlando, FL 22801; 407-839-3124, Fax 407-839-2171; Email: bobby.palta@cbre.com For more information regarding The Shops at Kildeer, contact Robert J. Mahoney, George B. Good or Richard A. Frolik, CB Richard Ellis, 700 Commerce Drive, Suite 550, Oak Brook, IL 60523; 630-573-7011/7010/7012. For more information regarding Eastchase Market, contact Doug Hazelbaker or Ryan Shore, CB Richard Ellis/Melody Capital Markets, 5430 LBJ Freeway, Suite 1100, Dallas, TX 75240; 972-458-4833/5266; Emails: doug.hazelbaker@cbre.com and ryan.shore@cbre.com .
NewBridge Retail Advisors served as advisor in the sale of Gainesville Towne Center, a 142,468 sq.ft. center located along Browns Bridge Road in Gainesville, GA. NewBridge represented Kimco Realty Corp. The buyer was a U.S. subsidiary of Sterling CentreCorp., Inc. The center is anchored by Big Lots and Office Depot. Area retail includes Colonial Lakeshore Mall, Wal*Mart Supercenter, Lowe’s Home Improvement, Target, Home Depot, Publix, Kohl’s and other national big box retailers. For more information, contact Gary T. Saykaly, NewBridge Retail Advisors, Royal Centre One, 11675 Great Oaks Way, Suite 135, Alpharetta, GA 30022; 678-802-6500, Fax 678-802-6588.
Henzlik-Oliver Real Estate Cos., LLC acquired Village Mall Shopping Center, a 98,457 sq.ft. center located on West 10th Street in Great Bend, KS. The center is anchored by Food 4 Less and Village Cinema. For more information, contact Tyler S. Oliver, Henzlik-Oliver Real Estate Cos., LLC, 13356 Metcalf, Overland Park, KS 66213; 913-438-9900, Fax 913-438-9994; Web site: www.henzlikoliver.com .
D. Linton & Associates Realty is looking to acquire empty big box retail spaces nationwide up to $25 million. The company is able to close within 30 days on deals over $5 million and is able to close within 10 days on deals up to $5 million. For more information, contact Sandra Heurtelou, D. Linton & Associates Realty, 14540 SW 136 Street, Suite 100, Miami, FL 33186; 305-234-1232, Fax 305-234-1252; Email: sandrah@dlintonrealty.com .
Hutensky Capital Partners, LLC acquired North Bergen Center, a 124,000 sq.ft. center located at the intersection of 69th Street and U.S. Routes 1-9, also known as Tonnelle Avenue, in North Bergen, NJ for $13.4 million. The center is anchored by a 64,272 sq.ft. Pathmark supermarket. The site provides the opportunity to redevelop a 60,000 sq.ft. space formerly occupied by a movie theater and for the addition of an outparcel. For more information, contact Michael J. Cubeta, The Hutensky Group, 280 Trumbull Street, Second Floor, Hartford, CT 06103-3599; 888-527-0827 or 860-297-4543, Fax 860-706-0076; Web site: www.hutenskygroup.com .
Stirling Properties is selling a 44,752 sq.ft. former Wal*Mart store located on Highway 1 South in Donaldsonville, LA for $600,000. The site has an average daily traffic count of 24,212 vehicles. Area demographics include a population of 28,830 within 10 miles earning $50,624 as the average household income. The company’s Gulfport, MS office is selling a land area of 1.49 acres on West Aloha Drive in Diamondhead, MS. The site has an average daily traffic count of 37,000 vehicles. Area demographics include a population of 20,292 within five miles earning $60,158 as the average household income. The company also is selling the following former Wal*Mart sites: a 41,076 sq.ft. site on North 4th Street in Ferriday, LA; a 42,207 sq.ft. site on South Julia Street in Rayville, LA and a 52,331 sq.ft. site on East Main Street in Oakgrove, LA. The company also is selling Howard Shopping Center, a 61,391 sq.ft. center located at the intersection of U.S. Highway 90 and Hanley Road in Ocean Springs, MS for $2.85 million. The center is anchored by Big Lots, Tuesday Morning, Family Dollar, Magnolia Music, Shalimar Apparel, USA Insurance and Barbers Leasing. The site has an average daily traffic count of 41,000 vehicles. Area demographics include a population of 106,676 within 10 miles earning $56,738 as the average household income. For more information, contact Dottie Tarleton, Stirling Properties, 8550 United Plaza Boulevard, Baton Rouge, LA 70810; 225-926-4481, Fax 225-925-9888; Email: dtar@stirlingprop.com ; Web site: www.stirlingprop.com . For more information regarding the Diamondhead, MS site, contact Monte Luffey or Tim Carlson, Stirling Properties, 1911 23rd Avenue, Gulfport, MS 39502; 228-864-8629, Fax 228-563-5617; Emails: mluffey@stirlingprop.com and tcarlson@stirlingprop.com . For more information regarding the former Wal*Mart sites, contact Jonathan Walker or Jeff Landry, Stirling Properties, 8550 United Plaza Boulevard, Baton Rouge, LA 70810; 225-926-4481, Fax 337-572-0237; Emails: jwalker@stirlingprop.com and jlandry@stirlingprop.com . For more information regarding Howard Shopping Center, contact Chris Abadie, Stirling Properties, 615 Baronne Street, Suite 100, New Orleans, LA 70113-1082; 504-523-4481, Fax 504-523-4475; Email: cabadie@stirlingprop.com .
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