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Buyers & Sellers
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Buyers & Sellers J.W. Franklin Co. is selling Plaza Shopping Center, a 37,000 sq.ft. center located on West 76 in Branson, MO. Asking price is $5 million with a Cap rate of 8.18%. Area retail includes Wal*Mart. For more information, contact Jeff Franklin, J.W. Franklin Co., PO Box 573, Warrensburg, MO 64093; 660-747-9854, Fax 660-747-3407; Email: jmfsigep@earthlink.net ; Web site: www.jwfranklin.com .
Sperry Van Ness is selling a 13,905 sq.ft. Walgreens in Rock Island, IL for $4.84 million with a Cap rate of 6.5%, as well as a Burlington Coat Factory in Cleveland, OH for $4.59 million, with a Cap rate of 9%. The company is also selling El Paseo Shopping Center in South Gate, CA. Asking price for the 298,696 sq.ft. center, situated on a land area of 21 acres, is $78 million with a Cap rate of 6.33%. Cotenants include La Curacao, Regal Cinemas, Union Bank and Footlocker. The company also sold The Pavilions, a 127,621 sq.ft. shopping center located in Mesa, AZ to NCH Corp. for $20 million with a Cap rate of 6.3%. The center is situated on a land area of 10.73 acres and is cotenanted by TCBY, Blockbuster Video, Serrano’s Mexican Restaurant and Accent Home Furnishings. For more information regarding Walgreens and Burlington Coat Factory, contact Tom Vincent, Sperry Van Ness, 1803 Hicks Road, Rolling Meadows, IL 60008; 847-963-1031, Fax 847-358-7634. For more information regarding El Paseo Shopping Center, contact Mehran Foroughi and for more information regarding The Pavilions, contact David Ebeling, Sperry Van Ness, 18881 Von Karman Avenue, Suite 800, Irvine, CA 92612; 949-250-4100 for Megan Foroughi, 949-225-1883 for David Ebeling. Emails: vincentt@svn.com , foroughi@svn.com and david.ebeling@svn.com ; Websites: www.sale.svn.com/walgreensrockisland , www.sale.svn.com/burlingtoncoat and www.svn.com .
Forum Management Group is seeking to acquire shopping centers with a minimum GLA of 25,000 sq.ft. throughout AL, GA, SC and TN, with a preferred price range of $1 million to $10 million and a Cap rate of 8%. For more information, contact Joe Healy, Forum Management Group, 1750 Peachtree Road Northwest, Atlanta, GA 30309; 404-873-6900, Fax 404-873-1356; Email: joehealy@mindspring.com .
Eyde Co. is representing a client seeking to acquire a waterfront land parcels of at least 10 to 15 acres, which would lend itself to the commercial retail development of open-air lifestyle centers. For more information, contact Michele Abbruzzese, Eyde Co., 4660 South Hagadorn Road, Suite 660, East Lansing, MI 48823; Fax 517-913-6190; Email: mabbruzzese@gmail.com .
Weichert Realtors is selling a corner site located at the intersection of West Ridge Pike and Eagleville Road in Eagleville, PA, with an average daily traffic count of 30,000 vehicles. Asking price is $750,000. Area demographics include a population of 43,381 within three miles earning $78,639 as the average household income. Area retail includes Genaurdi’s, Sears, Wal*Mart and Home Depot. For more information, contact John Steele, Weichert Realtors, 354 West Lancaster Avenue, Haverford, PA 19041; 610-649-4300; Email: jsteele@weichert.com .
Lang World Realty, Inc. is selling a 38,000 sq.ft. clothing store located in Los Angeles, CA. Asking price is $6.75 million with a Cap rate of 15%. For more information, contact Dionne Lang, Lang World Realty, Inc., 1540 Watkins Lane, Suite 206, Naperville, IL 60540; 800-930-5264, Fax 630-357-2015; Email: dionne@langworldrealty.com ; Web site: www.langworldrealty.com .
Chillicothe Plaza Investors, LLC sold Chillicothe Plaza to Columbus Pacific Properties for $8.7 million. The 110,000 sq.ft. center, located in Chillicothe, OH, is anchored by Big Lots and Hobby Lobby and is cotenanted by Cingular Wireless. Capitol Real Estate Advisors, Inc. assisted the seller. For more information, contact Richard A. Herman, Capitol Real Estate Advisors, 4200 Regent Street, Columbus, OH 43219; 614-944-5252; Email: rherman@capitolrea.com . Or contact Brian Shirken, Columbus Pacific Properties, 429 Santa Monica Boulevard, Suite 600, Santa Monica, CA 90401-3410; 310-395-2580, Fax 310-395-8455; Email: brian@columbuspacific.com ; Web site: www.columbuspacific.com .
PRAEDIUM Advisors, Inc. is seeking to acquire multi-tenant strip and power centers, light industrial buildings and medical offices throughout the western U.S., with a preferred price range of $8 million to $30 million and a Cap rate of at least 7%. For more information, contact Victor H. Allison, PRAEDIUM Advisors, Inc., 3015 North Valencia Lane, Phoenix, AZ 85018; 602-320-6200, Fax 602-445-9301; Email: victora@praedium-advisors.com ; Web site: www.praedium-advisors.com .
Quine & Associates, Inc. is selling a neighborhood center in Dallas, TX for $2.64 million with a Cap rate of 7.25%. The company also is selling a 100% leased center located in Albuquerque, NM for $9.5 million. The center is leased by three major tenants on 10-year NNN leases with rent bumps. 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 .
Hunington Properties, Inc. is selling The Shops on Sage Road, located at the intersection of Sage Road and West Alabama Drive in Houston, TX. The 116,977 sq.ft. center is situated on a land area of 2.6 acres and has a rental space available of 33,909 sq.ft. Asking price is $20 million. The company is also selling Shops on Volente, located at the intersection of RR 620 and Anderson Mill Road, with an average daily traffic count of 16,380 vehicles. The 200,376 sq.ft. center has a space of 30,868 sq.ft. available. Area demographics include a population of 47,208 within three miles earning $62,172 as the average household income. Asking price is $11 million. The company also is selling Crosby Center located at the intersection of Highway 90 and Crosby-Lynchburg Road in Crosby, TX, with an average daily traffic count of 28,000 vehicles. The center is situated on a land area of 5.05 acres and has a space of 24,090 sq.ft. available. Area demographics include a population of 39,200 within three miles earning $54,004 as the average household income. Asking price is $5.08 million. For more information, contact Jamie Bouterie, Hunington Properties, Inc., 109 North Post Oak Lane, Suite 550, Houston, TX 77024; 713-623-6944, Fax 713-963-9329; Email: jamie@aroncompanies.com ; Web site: www.hpiproperties.com .
Hilco Real Estate, LLC is selling an NNN leased Uno’s Chicago Grill on Maple Road in Amherst, NY, with an average daily traffic count of 11,000 vehicles. The 6,109 sq.ft. building is situated on a land area of 2.16 acres. Asking price is $2 million. For more information, contact Andrew S. Becker, Hilco Real Estate, LLC, 5 Revere Drive, Suite 320, Northbrook, IL 60062; 847-504-2464, Fax 847-897-0788; Email: abecker@hilcorealestate.com ; Web site: www.hilcorealestate.com .
Carolina Commercial Realty, Inc. is selling a land area of 11.88 acres located at the intersection of Interstate 40 and Elm-Eugene Street in Greensboro, NC. For more information, contact Alan Weidt, Carolina Commercial Realty, Inc., 6001 Thistle Trace, Greensboro, NC 27410; 336-286-9867, Fax 336-286-5071; Email: aweidt@triad.rr.com ; Web site: www.carolinare.com .
Symphony Partners, Inc. is selling a Bourbon Street Café on Wolflin Avenue in Amarillo, TX. The 6,209 sq.ft. restaurant is situated on a land area of 56,684 sq.ft. Asking price is $1.9 million with a Cap rate of 8.4%. For more information, contact Michael E. Millsap, Symphony Partners, Inc., PO Box 62026, Colorado Springs, CO 80962; 719-494-8454, Fax 719-494-8455; Email: millsap@symphonypartners.net ; Web site: www.symphonypartners.net .
Calkain Realty Advisors is representing a client who is seeking a property with an NNN ground lease, preferably in FL, for up to $2.8 million and a lease term of over 15 years. For more information, contact David Sobelman, Calkain Realty Advisors, 2202 North West Shore Boulevard, Suite 200, Tampa, FL 33607; 813-639-7626, Fax 813-639-7627; Email: dsobelman@calkain.com .
Marcus & Millichap is selling a 14,820 sq.ft. Walgreens with drive-thru pharmacy in Houston, TX. Asking price is $6.8 million with a Cap rate of 6.25%. Area demographics include a population of 135,195 within five miles earning $73,678 as the average household income. The company also sold a 2,500 sq.ft. Burger King in Montebello, CA for $1.74 million with a Cap rate of 5.5%, as well as a 4,466 sq.ft. Sizzler restaurant in Bishop, CA for $1.07 million with a Cap rate of 5.7%. The company also sold a two-tenant retail strip located at the intersection of Warm Springs Road and Arroyo Grande Boulevard in Henderson, NV for $1.95 million with a Cap rate of 6%. For more information regarding Walgreens, contact Adam F. Goldsmith, Marcus & Millichap, 900 East 96th Street, Suite 150, Indianapolis, IN 46240; 317-218-5322, Fax 317-218-5310. For more information regarding Burger King, contact Jennifer Jones, Marcus & Millichap, 3281 East Guasti Road, Suite 800, Ontario, CA 91761; 909-605-1800, Fax 909-605-1821; Emails: jejones@marcusmillichap.com and agoldsmith@marcusmillichap.com ; Web sites: www.marcusmillichap.com and www.marcusmillichap.com/demas .
Miller-Valentine Realty, Inc. is selling a former Wendy’s at the intersection of Miller Lane and Interstate 75 in Dayton, OH, with an average daily traffic count of 94,000 vehicles. The 2,665 sq.ft. building with a drive-thru is situated on a land area of 1.45 acres and is adjacent to a new Wal*Mart Supercenter and Bob Evans. Asking price is $520,000. For more information, contact Pete Nichols, Miller-Valentine Realty, Inc., PO Box 744, Dayton, OH 45401; 937-297-3259, Fax 937-913-5447; Email: pete.nichols@mvg.com ; Web site: www.mvg.com .
Ciresi Development Co. sold Zeppe’s Plaza, located in Bedford Heights, OH, to Staccato Acquisitions, LLC for $2.8 million. Kowit & Passov Real Estate Group represented the owner. For more information, contact Michael Hirsch, Kowit & Passov Real Estate Group, 25200 Chagrin Boulevard, Suite 300, Beachwood, OH 44122; 216-514-5100, Fax 215-514-5106; Email: mhirsch@kowitpassov.com ; Web site: www.kowitpassov.com .
Preferred Merchant Hood, LLC sold the 210,000 sq.ft. Hood Commons Shopping Center in Derry, NH to WP Realty, Inc. for $16.37 million. New England Retail Properties, Inc. handled the transaction. Shaw’s Supermarket, Big Lots and Family Dollar cotenant the center. For more information, contact Matthew Halprin, New England Retail Properties, Inc., 1160 Silas Deane Highway, Wethersfield, CT 06109; Email: halprinm@newenglandretail.com ; Web site: www.newenglandretail.com .
Woolbright Development, Inc. purchased Intracoastal Mall in North Miami Beach, FL for $48 million. The 233,300 sq.ft. shopping center is located at the intersection of Sunny Isles Boulevard and Northeast 35th Avenue and is anchored by Winn Dixie, T.J. Maxx and Old Navy. For more information, contact Gloria Kramer, Woolbright Development, Inc., 3200 North Military Trail, Fourth Floor, Boca Raton, Florida 33431; 561-989-2265; Email: gkramer@woolbright.net ; Web site: www.woolbright.net .
Grubb & Ellis is selling Castaic Town Center in Castaic, CA. The newly developed 40,100 sq.ft. center is situated on a land area of 11 acres and is anchored by Walgreens. Asking price is $16.25 million with a Cap rate of 6.66%. Area demographics include a population of 21,366 within three miles earning $111,315 as the average household income. The company is also selling 581 Market Street in San Francisco, CA. The three-story, 26,187 sq.ft. building is currently 100% leased by Stacey’s Bookstore. For more information regarding Castaic Town Center, contact Jeff Hanson or Ryan Gallagher, Grubb & Ellis, 4675 Macarthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2075/2048, Fax 949-608-2003. For more information regarding 581 Market Street, contact Edward J. Suharski or Edmund M. Najera, Grubb & Ellis, 255 California Street, 14th Floor, San Francisco, CA 94111; 415-430-5077/415-477-9263, Fax 415-956-5996; Emails: jeff.hanson@grubb-ellis.com , ryan.gallagher@grubb-ellis.com , edward.suharski@grubb-ellis.com and edmund.najera@grubb-ellis.com ; Web site: www.grubb-ellis.com .
The Good Group is selling an NNN leased Sonic Drive-In restaurant located in Orlando, FL. The restaurant is situated on a land area of 1.8 acres and has an average daily traffic count of 30,000 vehicles. There are approximately 6.5 years left on a 10-year lease with two, five-year options, with increases every five years. Area retail includes Publix, Albertsons, CVS, Blockbuster Video, Perkins and 7-11. Asking price is $1.2 million with a Cap rate of 7.5%. For more information, contact Mike Sheerin, The Good Group, 1000 North Orlando Avenue, Suite A, Winter Park, FL 32789; 407-628-9555, Fax 407-386-6101; Email: msheerin@thegoodgroup.com .
National Retail Properties, Inc. is selling six Road Ranger convenience stores in Freeport, Rockford, Roscoe and Springfield, IL. Asking price ranges between $1.8 million and $2.8 million with a Cap rate of 7.5%. The sites will have new 20-year NNN leases with six, five-year options. A rent increase of 7.5% will take place every five years. The company also is selling 19 Taco Bell restaurants located throughout IL, IN and KY. The sites range in price from $888,889 to $2.5 million and have Cap rates of 6.5% to 7.25%, new 15-year leases and 2% annual rent increases. 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; Email: rebecca.gittens@nnnreit.com ; Web site: www.nnn1031.com .
DM Investment Group, Inc. is seeking to acquire apartment and office buildings, parks, shopping centers and mobile home parks throughout NC, upstate SC, northern GA and Beaufort County, SC. For more information, contact Matt Pitcher, DM Investment Group, Inc., PO Box 1774, Skyland, NC 28776; 828-329-0128; Email: matt@mattpitcher.com .
Fairmont Funding is selling Voice Road, a 650,000 sq.ft. center located in Carle Place, Long Island, NY. Asking price is $30 million with a Cap rate of 11%. Anchors include Dress Barn, Subway, Staples and Party City. For more information, contact Joseph Drebin, Fairmont Funding, 39 West 37th Street, New York, NY 10018; 212-937-6163, Fax 212-937-6101; Email: ydrebin@fairmontcap.com .
Prudential CRES Commercial Real Estate closed the sale of The Market at Blue Ridge, a 12,000 sq.ft., 100% leased neighborhood center in Kansas City, MO. The buyer was the Barewin Trusts and the seller was Corporate Holdings of MO. For more information, contact Greg Patterson, Prudential CRES Commercial Real Estate, 3101 Broadway, Suite 300, Kansas City, MO 64111; 816-931-3101 Ext. 308, Fax 816-531-1760; Email: gpatterson@prudentialcreskc.com ; Web site: www.prudentialcreskc.com .
Millennium Properties, Inc. is selling a former Kmart building located adjacent to a proposed Wal*Mart Supercenter on Morton Avenue in Jacksonville, IL. The building is situated on a land area of 10 acres and has been improved with a 99,469 sq.ft. building. For more information, contact Susan B. Silver, Millennium Properties, Inc., 20 South Clark Street, Suite 630, Chicago, IL 60603; 312-338-3001, Fax 312-338-3008; Email: ssilver@mpirealestate.com .
Coldwell Banker Commercial Atlantic International, Inc. is seeking to acquire land areas of 20 to 200 acres throughout FL, GA, NC and SC, suitable for commercial development. The company also is selling a 7,348 sq.ft. site located in downtown Charleston, SC for $1.65 million. The company also completed the sale of Phase I of the Shops at Wescott in North Charleston, SC for $4 million to Brahms. Area retail includes Wal*Mart Supercenter. The company also represented the seller, Reid Family, LLC, in the sale of prime commercial land located on Highway 17, across from the Towne Centre in Mt. Pleasant, SC, for $21 million. For more information, contact Michael D. Elmore, Coldwell Banker Commercial Atlantic International, Inc., PO Box 60610, Charleston, SC 29419; 843-412-5761; Email: elmoremichael@bellsouth.net ; Web site: www.cbcommercialatlantic.com .
CB Richard Ellis is selling Roebuck Shopping Center in Birmingham, AL. The 152,243 sq.ft. center is anchored by Food World and is cotenanted by Hancock Fabrics, Dollar General and Bestway Rent-To-Own. Area demographics include a population of 44,203 within three miles earning $45,676 as the average household income. Asking price is $13.9 million. For more information, contact Mark Shellabarger, CB Richard Ellis, 201 East Kennedy Boulevard, Suite 1500, Tampa, FL 33602; 813-229-3111, Fax 813-223-7144; Email: mark.shellabarger@cbre.com ; Web site: www.cbre.com/roebuck .
Crye-Leike, Realtors is selling a Dollar General in central AR with a Cap rate of 7.5% and a new lease with four, five-year options. For more information, contact Marshall Ghant, Crye-Leike, Realtors, 2907 South Caraway Road, Jonesboro, AR 72401; 870-935-0701; Email: mghant@crye-leike.com ; Web site: www.crye-leike.com .
Zickler Associates, LLC sold Lynhurst Shoppes, a 12,000 sq.ft. center located on South Lynhurst Drive in Indianapolis, IN. Tenants include Acceptance Insurance, French Nails, All Star Liquors and Whiskey River Bar and Grill. The center is currently 100% occupied. For more information, contact Rachael R. Phillips, Zickler Associates, LLC, 317-271-8888 Ext. 20, Fax 317-271-2309.
Trammell Crow Co. negotiated the sale of Herndon Village Shoppes, a center located on East Colonial Drive in Orlando, FL. The center is situated on a land area of 5.6 acres. The seller was Michael Collard Properties. For more information, contact Brad Peterson, Trammel Crow Co., 1200 Abernathy Road, Building 600, Suite 1600, Atlanta, GA 30328; 770-290-0752; Web site: www.trammellcrow.com .
J. Chicoola Realty is representing clients looking to acquire centers in the northern OH market from between $700,000 and $1.2 million and $3 million to $5 million. For more information, contact Bill Hsu, J. Chicoola Realty, 330-896-7677; Email: billhsu@myepath.com .
Hogan Real Estate is selling a 17,000 sq.ft. Walgreens located at the intersection of Nicholasville Road and Reynolds Road in Lexington, KY. Asking price is $3.1 million with a Cap rate of 6.75%. Area demographics include a population of 200,000 within five miles earning $57,000 as the average household income. Area retail includes Sears, Target, Wal*Mart Supercenter and Lowe’s. The company also is selling a 14,550 sq.ft. Walgreens store located at the intersection of Newtown Avenue and 36th Street in Jasper, IN for $3.134 million with a Cap rate of 6.75%. The site has a 75-year lease. For more information, contact Justin Phelps or Kevin Schreiber, Hogan Real Estate, 420 West Liberty Street, Louisville, KY 40202; 502-426-1050; Emails: jphelps@hogandev.com and kschreiber@hogandev.com ; Web site: www.hogandev.com .
The Howard Group is selling a 10,000 sq.ft. building on 3rd Avenue Extension in Rensselaer, NY. Asking price for the building, which is situated on a land area of five acres, is $2 million. Area retail includes Wal*Mart Supercenter, Target and Home Depot. For more information, contact Kevin Parisi or Jamie Brown, The Howard Group, 401 New Karner Road, 2nd Floor, Albany, NY 12205; 518-452-1881 Ext. 11/31, Fax 518-452-1940; Emails: kparisi@howardgroup.com and jbrown@howardgroup.com .
RCG Ventures, LLC is seeking to acquire 50,000 sq.ft. to 250,000 sq.ft. retail shopping centers and hotels throughout the southeast U.S. Preferred price range is $3 million to $150 million with a Cap rate of at least 7.75%. The company also acquired Oak Tree Plaza, a 49,102 sq.ft. center located in Morristown, TN. The center is anchored by Family Dollar and Food City. The company also is looking for retail, office and hotel properties throughout the eastern region of the U.S. For more information, contact Kelli Jones, RCG Ventures, LLC, 2970 Peachtree Road, Suite 805, Atlanta, GA 30305; 404-816-5454, Fax 404-816-5445; Email: kellij@rcgventures.com ; Web site: www.rcgventures.com .
Watson Realty Corp. is selling 22,000 sq.ft. of retail condominium space, 42,000 sq.ft. of office space and a restaurant pad at City Centre at Town Center in Palm Coast, FL. For more information, contact Jerry Masiello, Watson Realty Corp., 1410 Palm Coast Parkway Northwest, Palm Coast, FL 32137; 386-445-0148, Fax 386-246-9299; Email: jmasiello@watsonrealtycorp.com ; Web site: www.watsonrealtycorp.com .
Fidelis Properties, Inc. is looking to acquire any type of project of any size with a minimum price of $2 million. The company is looking to acquire land that is raw or partially entitled that can be value added by rezoning to residential, multi-family or commercial, change of use, subdivided or a combination of all three; multiple parcels that can be assembled into a single parcel/project. The company also is looking for commercial sites that are problem properties with upside or “perfect” properties at a discount of 50% or more. The company will acquire any building with large or total vacancy or other problems that can be fixed. A site in good condition is preferred, but the company will acquire sites in any condition. Fidelis also will acquire assisted living or hospitals and medical offices that can be converted, any type of commercial building with land or assets that can be sold off for enough to pay off the remaining structure; mobile home parks that can be subdivided into two separate RV pads. For more information, contact Lucas Hoppel, Fidelis Properties, Inc., 760-717-1121; Emails: info@socalcia.com and uslukemc@hotmail.com .
Georgetown Investors is selling Walgreens stores in GA, MA and NY for $7.5 million with a Cap rate of 6.25%. The stores are situated on a land area of one acre. For more information, contact Bert Distelburger, Georgetown Investors, 21 Georgetown Oval, New City, NY 10956; 845-548-8400, Fax 720-294-3600; Email: bdistel21@aol.com .
R&R Commercial Realty, Inc. sold three Food Lion-anchored centers located in Dover and Smyrna, DE. The company also is marketing another small center with flex warehouse space and a self-storage space in Dover, DE, as well as other retail and warehouse opportunities. For more information, contact Charlie Rodriguez, R&R Commercial Realty, Inc., 46 South State Street, Dover, DE 19901; 302-674-3400, Fax 302-674-8479; Email: ccrod1@aol.com .
Axis Realty Partners is representing a client seeking to acquire 30,000 sq.ft. shopping centers that are underperforming in the Mid-Atlantic states. For more information, contact John O’Dea, Jr., Axis Realty Partners, 24 Louella Court, Suite 240, Wayne, PA 19087; 610-687-4600 Ext. 301, Fax 610-687-0404; Email: jodea@axisrealtypartners.com .
Schostak Brothers & Co., Inc. acquired a 132,000 sq.ft. Wegmans Food Market in Sterling, VA. For more information, contact Patrick Windley, Schostak Brothers & Co., Inc., PO Box 311, Granville, OH 43023; 740-587-1485; Email: windley@schostak.com .
ONO Commercial Partners is selling a 1,192 sq.ft. former Church’s Chicken in Eunice, LA for $440,000. For more information, contact John D. Murphy, III, ONO Commercial Partners, 3817 Gulf Shores Parkway, Gulf Shores, AL 36542; 251-968-3585, Fax 251-968-8989; Email: jdmurphy@smartresort.com ; Web site: www.onocommercialpartners.com .
The Shopping Center Group, LLC is selling an Eckerd drug store located in Atlanta, GA with a Cap rate of 7.25%. The site has 18 years remaining on a primary term with options and is located across the street from an 800,000 sq.ft. center. For more information, contact J. Tyson Glasser, The Shopping Center Group, LLC, 3101 Towercreek Parkway, Suite 200, Atlanta, GA 30339; 770-955-2434, Fax 770-951-0054.
SGC, LLC, an affiliate of Cooper Realty, Inc., acquired Wythe Creek Plaza Shopping Center, a 53,019 sq.ft. shopping center located at the intersection of Wythe Creek Road and Victory Boulevard in Poquoson, VA. Cotenants include Taylor’s Do-It Center, Radio Shack and Curves. The center is situated on a land area of 5.15 acres and will be managed by GVA Advantis. CB Richard Ellis was the broker for the transaction and will handle the leasing for the center. For more information, contact Jeff Cooper, Cooper Realty, Inc., 555 East Main Street, Suite 1100, Norfolk, VA 23510; 757-622-2768 Ext. 206, Fax 757-625-3717; Email: jcooper@cooperrealtyva.com .
The Kane Co., Inc. is selling a land area of 18 acres with frontage on Interstate 95 in Salisbury, MA. There is currently a short-term lease for this site with plans for relocating the business. In addition to the property, the adjacent 12-acre site may also be available. Area demographics include a population of 132,000 within five miles earning $71,000 as the average household income. The company also is selling a land area of 3.87 acres on Route 1 and Lafayette Road in Hampton Falls, NH for $3.5 million. The existing 18,469 sq.ft. building could be rehabbed or torn down. Area retail includes Shaw’s, Staples, Wal*Mart, Lowe’s Home Improvement, Big Bill’s Furniture, Chili’s, T.J. Maxx and Market Basket. For more information, contact Anthony Triglione, The Kane Co., Inc., 603-559-9637; Email: atriglione@netkane.com ; Web site: www.netkane.com .
NAI BT Commercial is selling a 38,000 sq.ft. Gold’s Gym location in O’Fallon, MO for $8 million. There is an increase of 5% after 10 years and similar increases in the option periods. The tenant is responsible for taxes, insurance and maintenance including the parking lot. For more information, contact Michael Maffia, NAI BT Commercial, 415-677-0478, Fax 415-956-3381; Email: pdaily@naibtcommercial.com .
Properties of GA, LLC is selling a land area of 46 acres located one mile south of Interstate 20 on Salem Road in Rockdale County, GA for $155,000 per acre. The property is to be sold in its entirety and is the commercial/mixed-use portion of a master-planned community consisting of more than 1,100 homes that exist or that are under construction. Additionally, there is 1,250 sq.ft. of frontage on Salem Road. The property has recently been rezoned and has been granted an additional traffic signal on Salem Road. For more information, contact Jim Hazelwood, Properties of GA, LLC, 390 Society Street, Alpharetta, GA 30022; 404-408-4408, Fax 770-667-0713; Email: jimhaz@bellsouth.net .
Palmer & Cay Properties, Inc. is selling two Walgreens stores in TX for $5.2 million and $5.016 million, respectively. The sites are ideal for 1031 exchanges. For more information, contact Charles R. Stewart, Palmer & Cay Properties, Inc., 2 East Bryan Street, Suite 400, Savannah, GA 31401; 912-234-8033, Fax 912-238-3548; Email: cstewart@palmercayproperties.com .
Block & Co., Inc. represented NC Retail Plaza, LLC in the sale of the 12,100 sq.ft. New Century Shopping Center located on Lincoln Lane in Gardner, KS. The fully-leased center is tenanted by At The Beach, Quiznos, Domino’s, Cash America and a proposed El Matador Mexican restaurant. For more 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 .
GVA Advantis closed on the sale of Central Park Plaza, a 29,442 sq.ft. center located on West Oakridge Road in Orlando, FL for $4.2 million. For more information, contact Sasha Pardy, GVA Advantis, 255 South Orange Avenue, Suite 1350, Orlando, FL 32801; 407-999-4775; Email: spardy@gvaadvantis.com ; Web site: www.gvaadvantis.com .
York Investments Corp. is representing a client looking to acquire a center in Miami-Dade County, FL for a 1031 between $3 million and $3.3 million. For more information, contact Elizabeth Espinosa, York Investments Corp., 305-962-1618.
A private investor is working with a buyer looking to acquire multiple retail properties throughout MA, east of Worcester, to Boston and New Bedford. The following highlights of the site acquisition criteria: high levels of population density within a one, two and three-mile radius; more than 40% renters, 3,000 sq.ft. buildings with parking for 15 cars or development land. For more information, contact Joe Luca, 401-580-9797, Fax 619-489-0482.
Michael A. Rivera is selling a land area of 11.53 acres at the intersection of Immokalee Road and State Route 951 in North Naples, FL for $9.794 million. The site is allocated for a 105,000 sq.ft. retail center. This outparcel location is in the entryway of a master-planned PUD called Heritage Bay. For more information, contact Michael A. Rivera, 239-770-6257, Fax 239-495-2066; Email: invest@e-realtyinfo.com .
Trezevant Realty Corp. is selling a Huddle House restaurant located on Highway 12 in Starkville, MS for $1.6 million with a Cap rate of 7.5%. The restaurant currently has a 15-year NNN lease. Area retail includes Lowe’s Home Improvement Center and Wal*Mart Supercenter. The company also is selling a Huddle House restaurant located in Cleveland, MS for $1.2 million with a Cap rate of 7.5%. The restaurant currently has a 15-year NNN lease and is situated on a Wal*Mart Supercenter outparcel. The company also is selling an 8,000 sq.ft. Aaron’s Rent store located in Clarksdale, MS for $1 million with a Cap rate of 8%. The store currently has a 15-year NNN lease and is located directly across from a Wal*Mart Supercenter. For more information, contact Barry Maynard, Trezevant Realty Corp., 9063 Corporate Gardens Drive, Germantown, TN 38138; 901-755-6040, Fax 901-755-6243.
One Source Realty, LLC is representing clients looking to acquire shopping centers in the Fort Lauderdale, Tampa, Orlando or Jacksonville, FL areas for up to $20 million. The centers must have some restaurants as tenants; NNN is preferred, along with mid-range Cap rates. Properties not listed are preferred. For more information, contact Adrienne Brown, One Source Realty, LLC, 401 East Oakland Park Boulevard, Fort Lauderdale, FL 33334; 954-567-4428, Fax 954-430-8298; Email: a@asellssf.com .
Greenway Investment Co. acquired a land area of 6.2 acres near the intersection of Interstate 30 and Collins Street in Fort Worth, TX. The property is located just east of the new Mediterranean Villa meeting and wedding center. General Motors sold the property. The location will have access from a westbound ramp from Interstate 30. For more information, contact Greenway Investment Co., 2808 Fairmount, Suite 100, Dallas, TX 75201; 214-880-9009, Fax 214-880-0188; Web site: www.greenwayinvestment.com .
Turner Net Lease Properties, Inc. is selling a Family Dollar store located in Marshalltown, IA for $325,000 with a Cap rate of 8.54%. This is an existing store that just signed a new, five-year lease. For more information, contact Gary Turner, Turner Net Lease Properties, Inc., 200 Ocean Avenue, Suite 202, Melbourne Beach, FL 32951; 321-952-2894, Fax 321-952-8967; Email: gary@turnernetlease.com .
Nassimi Realty, Inc. completed the acquisition of Sycamore Square Shopping Center, a 273,000 sq.ft. center located on Bragg Boulevard, between downtown Fayetteville and the entrance to Fort Bragg Military Base, in Fayetteville, NC. The center is anchored by Food Lion and is cotenanted by Citi Trends, Gold’s Gym, Family Dollar, Rent-A-Center and USA Discounters. The center is situated on a land area of 22 acres and is currently 85% occupied with spaces available of 500 sq.ft. to 25,000 sq.ft. Nassimi Realty acquired the center from Swain & Associates. Winbrook Management, Inc. represented Nassimi and will manage the center. For more information, contact Nassimi Realty, Inc., Seven Penn Plaza, 370 Seventh Avenue, Suite 1700, New York, NY 10001; 610-687-0807; Web site: www.nassimirealty.com .
Continental Realty Services is looking to acquire four and five-star hotels and shopping centers and malls throughout major metropolitan markets. For more information, contact Robert G. Quintero, Continental Realty Services, 1633 Old Bayshore Highway, Suite 333, Burlingame, CA 94010; 650-259-9700, Fax 650-259-9220.
The Royston Group is selling an outparcel to South Park Meadows Mall in Austin, TX for $4.335 million. Tenants include Wal*Mart, Target, PetSmart, Circuit City, Jack In The Box, Starbucks and Jackson-Hewitt. For more information, contact Rob Sutton, The Royston Group, 1299 Ocean Avenue, Santa Monica, CA 90401-1054; 310-451-2100, Fax 310-395-3557; Email: rsutton@theroystongroup.com .
The Broadbent Co. is selling retail outlots for $250,000 in Greenwood, Indianapolis, Plainfield and Fort Wayne, IN. For more information, contact Michael P. Sloan, The Broadbent Co., 201 North Illinois Street, 23rd Floor, Indianapolis, IN 46204; Email: msloan@broadbentco.com ; Web site: www.broadbentcompany.com .
Brauvin Net Capital is looking to acquire NNN-leased, freestanding retail properties. The company operates exclusively as a principal and acquires property on an all-cash basis. Brauvin is actively seeking to acquire portfolios of fee-simple properties through sale/leaseback financing transactions and through direct acquisition of properties encumbered by long-term triple-net leases. The company acquires single-tenant occupied properties in freestanding locations that are leased to general retailers, restaurants, convenience stores, child care facilities and supermarkets. Brauvin specializes in definitive acquisition agreements and short due diligence periods. For more information, contact Mark C. Lewensohn, Brauvin Net Capital, 30 North LaSalle Street, Suite 3100, Chicago, IL 60602; 312-795-7662, Fax 312-759-7800; Email: mlewensohn@brauvin.com ; Web site: www.brauvin.com .
Ray Schneider Co. is looking to acquire NNN properties for between $2 million and $10 million, preferably throughout AZ, and tenanted by a fast-food restaurant. The company is looking for a strong guarantee, an all-cash deal and a 7% Cap rate. For more information, contact Jason Hisey, Ray Schneider Co., 6850 North Oracle, Tucson, AZ 85719; 520-331-3533; Email: jhisey@fastmail.fm .
Phase One Realty, Inc. is representing an investment group involved in several exchanges looking for replacement properties throughout the southwest and west, including TX for between $1 million and $5 million. The company prefers NNN, single-tenant sites with no landlord responsibilities, a minimum five-year lease (with preferably a seven to 10-year lease) and a Cap rate of 7.5%. The company also will consider assumable debt. For more information, contact Jim Bordegaray, Phase One Realty, Inc., PO Box 22865, Santa Fe, NM 87502; 505-986-2948, Fax 505-988-5134; Email: jb@phaseonerealty.com .
Net Leased Retail Properties is selling four Rite Aid locations throughout WA for $30,321,429 with a Cap rate of 7%. The sites have an NOI of $2.122 million. The company also is looking to acquire 1031 NNN properties that are single or multi-tenant for up to $15 million with a Cap rate of 7% and an occupancy factor of 75% to 100%. The company also is selling a single-tenant freestanding Jack In The Box restaurant located in San Antonio, TX with a Cap rate of 6%. The site has an NNN corporate lease expiring in 2020. The company is also selling a 21,000 sq.ft. center anchored by Kragen Auto and Sherwin Williams at the intersection of North Western Avenue and Lemon Grove Avenue in Los Angeles, CA. Asking price is $4.4 million with a Cap rate of 5.88%. For more information, contact Shawn Jass, Net Leased Retail Properties, 1090 Joshua Way, Suite B, Vista, CA 92081; 760-734-1130 Ext. 100; Email: shawn@1031nnnsearch.com ; Web site: www.1031nnnsearch.com .
Retail Realty Group, Inc. is selling a 52,000 sq.ft. building located on East Fowler Avenue in Tampa, FL for $6.5 million. The building is situated on a land area of five acres and is located one mile from the University of South Florida. For more information, contact Suzanne Chen, Retail Realty Group, Inc., 813-960-8244, Fax 813-264-2775; Email: retailrealty@aol.com .
Lynch Realty Group, LLC is selling a strip center located in south suburban Milwaukee, WI for $3.8 million. The center was recently opened and is currently 100% leased to three tenants on a true net leased basis with landlord reimbursement. For more information, contact Kevin P. Lynch, Lynch Realty Group, LLC, 312-622-6024, Fax 312-456-9626; Email: klynch@lynchrealtygroup.com .
Schuckman Realty, Inc. is selling a pad site on a land area of approximately 0.75 acres at the intersection of Middle Country Road and Boyle Street in Selden, NY for $1.5 million. The pad site is part of the College Plaza Shopping Center anchored by Bob’s Stores, Marshalls, Eckerd and Radio Shack. The site is buildable up to 4,400 sq.ft. and is an existing former bank building with a drive-thru. The company is asking $125,000 per annum for a ground lease. The company also is selling a 110,000 sq.ft. center located on Long Island, NY for $21.5 million with a Cap rate of 6.5%. For more information, contact Ken Schuckman, Schuckman Realty, Inc., 516-496-8888 Ext. 16; Email: ken@schuckmanrealty.com .
Atlantic Commercial Group, Inc. is representing over four million sq.ft. of retail and office properties throughout southern FL for sale and/or lease. For more information, contact Gary M. Broidis, Atlantic Commercial Group, Inc., 7251 West Palmetto Park Road, Suite 207, Boca Raton, FL 33433; 561-447-8610, Fax 561-447-8862; Email: gary@atlanticcg.com ; Web site: www.atlanticcg.com .
Sunrise Group is looking to acquire centers throughout the western states for 1031 exchange from $2 million to $20 million with a minimum Cap rate of 7% with upside potential. The company is looking for a site that is fee simple and no ground lease. For more information, contact Michael C. Makabeh, Sunrise Group, 310-994-3564, Fax 310-626-9619.
Millco Investments is selling an Advanced Auto Parts store located at the intersection of 43rd and Hempstead Road in Houston, TX for $1,938,462 with a Cap rate of 6.5%. The site has a 15-year NNN lease with a 20% rent increase in year 11 and 10% rent increases during each of the three, five-year renewal options. The site has a net operating income of $126,000. The company also is selling the following sites throughout FL: a Walgreens store with a 25-year absolute lease in Tampa for $7.116 million; a Walgreens store with a 25-year absolute lease in Hudson for $5.617 million; a Starbucks store with a 10-year NN lease in Winter Park for $1.072 million; a Burger King restaurant with a 20-year absolute NNN lease in Hudson for $1.278 million and an Advance Auto store with a 15-year NN lease located in Miramar for $2.266 million. The company also is selling the following properties throughout IL: an Advanced Auto store with a 15-year NN lease in Dolton for $1.6 million; an Aldi store with a 20-year absolute NNN ground lease in Glenwood for $1.454 million; an Arby’s restaurant with a 20-year absolute NNN lease in Oswego for $1.839 million; a Dunkin’ Donuts shop with a 20-year absolute NNN lease in West Chicago for $1.163 million and a National City Bank with a 30-year absolute NNN ground lease in Wheaton for $3.545 million. 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 ; Web site: www.millcoinvestments.com .
Sandrella Development is selling a 133,884 sq.ft. distressed center located in Kokomo, IN for $7.6 million with a Cap rate of 10.4%. The site has a net operating income of $784,193. For more information, contact Jon Sandrella, Sandrella Development/Thoroughbred Commercial Real Estate, 4125 Woodmont Park Lane, Louisville, KY 40245; 502-741-2458, Fax 615-523-1157; Emails: jons_4@yahoo.com and j.r.s@insightbb.com .
Premier Blue Properties is looking to acquire a retail strip center in Baltimore, MD for up to $2.5 million. For more information, contact Parham Shariat, Premier Blue Properties, 8704 Lee Highway, Suite 303, Fairfax, VA 22031; 703-207-6272 Ext. 12, Fax 703-991-8261.
Investment Property Specialists, Inc. is selling a 1.36-acre lot on Route 20 West in Marlborough, MA for $800,000. The site is permitted for a 5,000 sq.ft. space and has an average daily traffic count of 23,000 vehicles. Area demographics include a population of 92,360 within five miles earning $80,595 as the average household income. The company also is selling a land area of six acres on Boston Turnpike Road in Shrewsbury, MA for $2 million. The site is buildable up to 40,000 sq.ft. and has an average daily traffic count of 65,000 vehicles. Area demographics include a population of 105,633 within five miles earning $63,181 as the average household income. The company also is selling a land area of 3.5 acres at the intersection of Route 122 and the Massachusetts Turnpike in Grafton, MA for $750,000. Area demographics include a population of 88,591 within five miles earning $75,732 as the average household income. For more information, contact Katherine Wellington, Investment Property Specialists, Inc., 508-875-4800, cell 508-397-6623; Email: wellington@ipsre.com ; Web site: www.ipsre.com .
Real Estate USA is representing a client looking to acquire a retail pad site of one acre or larger throughout the southeast Puget Sound area of WA. The site must be visible to big box businesses. The company prefers to acquire but will discuss other options. For more information, contact Morris Montgomery, Real Estate USA, 7024 Alderwood Court, Suite B, Lacey, WA 98503; 360-412-1501, Fax 360-252-8866; Email: mjmint@comcast.net .
J&R Investments, Inc. is looking to acquire nationally-known, single-tenant retail sites from $500,000 to $3.5 million in PA, with a preference for the Lehigh Valley or southeastern PA. The properties must be east of Harrisburg. For more information, contact Jay Garfinkel, J&R Investments, 50 Savits Drive, Elverson, PA 19520; 610-524-6579, Fax 610-524-4860. Falcon Realty Advisors negotiated the sale of The Shops of the Galleria, a center located at the southeast corner of Highway 71 and FM 620 in the Villages of Bee Caves in West Austin, TX. The investment group, Bee Caves Limited Partnership, acquired the 80-acre parcel from Lincoln Property Co. and intends to invest in additional high-profile retail properties in major metropolitan markets. The 500,000 sq.ft. project is anchored by Lowe’s Home Improvement, Best Buy, World Market, Michael’s, Linens ‘n Things, Marshalls, Old Navy and PetSmart. For more information, contact Falcon Realty Advisors, 16000 North Dallas Parkway, Suite 225, Dallas, Texas 75248; 972-404-8383, Fax 972-404-8339; Web site: www.falconcompanies.com .
Faris Lee Investments is selling Marabella Plaza, a 70,844 sq.ft. center located on Rancho Viejo Road in San Juan Capistrano, CA for $30 million with a Cap rate of 5.71%. Area demographics include a population of 190,982 within five miles earning $125,076 as the average household income. The site has an average daily traffic count of 240,000 vehicles. The center is anchored by the Farmers Market and is situated on a land area of 7.31 acres. The company also is selling Jeronimo Center, an 82,782 sq.ft. center located at the intersection of Jeronimo Road and Via Fabricante in Mission Viejo, CA. The center is situated on a land area of 7.21 acres and is tenanted by Jack In The Box, Quiznos, FedEx/Kinko’s, EZ Lube, Frazee Paints, Hertz and Papa John’s. The company also is selling a CVS Pharmacy located on South Alameda in Corpus Christi, TX for $3.965 million with a Cap rate of 6%. The 11,344 sq.ft. building is situated on a land area of 62,916 sq.ft. The buyer must obtain a new loan at approximately 6.05% interest with a 30-year amortization, interest only for the first three to five years. The company also is selling a 6,000 sq.ft. Bob’s Big Boy restaurant located on West Main Street in Hesperia, CA for $2.74 million with a Cap rate of 5.25% Area demographics include a population of 71,008 within five miles earning $64,373 as the average household income. The site has an average daily traffic count of 99,000 vehicles. The company also completed the sale of Woodland Hills Village, a 70,271 sq.ft. center located on Ventura Boulevard, near the intersection of DeSoto Avenue and Ventura Boulevard in Woodland Hills, CA for $19.7 million to Abrams & Associates. The seller was SCI Real Estate Investments. The center is situated on a land area of 2.88 acres and is tenanted by Cables Restaurant, Community Commerce Bank, Plaza Sporting Goods, Jenny Craig and Pam’s Hallmark. Demographics include a trade-area population of 367,000 earning $85,000 as the average household income. For more information, contact Jeff Conover, Faris Lee Investments, 2301 Dupont Drive, Suite 100, Irvine, CA 92612; 949-221-1800; Web site: www.farislee.com . Equity One, Inc. is looking to acquire supermarket-anchored centers and strip centers with a minimum of 65,000 sq.ft. and no maximum size requirement throughout FL, GA, the Carolinas, New England and Mid-Atlantic states. Redevelopment and/or retenanting opportunities are considered in well-located areas. The company also will consider locations which have short terms remaining on supermarket leases. For more information, contact Equity One, Inc., 1600 N.E. Miami Gardens Drive, North Miami Beach, FL 33179; 305-947-1664, Fax 305-947-1734; Web site: www.equityone.net .
ZAR Property NY is looking to acquire anchored centers and enclosed malls nationwide. The company prefers centers with a minimum of 100,000 sq.ft., however GLAs of 25,000 sq.ft. will be considered in NY, as well as stable or underperforming properties or value added and redevelopment opportunities. For more information, contact ZAR Property NY, 49 West 37th Street, 10th Floor, New York, NY 10018; 212-944-7979, Fax 212-704-0462; Email: david@zarpropertyny.com .
Investor Holding Fund, LLC is looking to acquire strip centers from 15,000 sq.ft. to 75,000 sq.ft. throughout NJ for $1 million and up. The centers must have an occupancy rate of at least 50%. For more information, contact Bruce Jeffery, Investor Holding Fund, LLC, 116 Route 22, North Plainfield, NJ 07060; 908-625-8300, Fax 908-668-5225.
AG Armstrong Development is selling The Shoppes at Armenia, a 15,423 sq.ft. center located at the intersection of Armenia Avenue and Hillsborough Avenue in Tampa, FL for $4.75 million. The center is tenanted by Washington Mutual Bank, Subway, Unique Hair and Nail Salon, Nuestra Tienda Wireless, H&R Block, Dry Clean To Go and China Garden. Area demographics include a population of 304,378 within five miles earning $55,281 as the average household income. The site has an average daily traffic count of 76,963 vehicles. For more information, contact Allen Goins or Andy McHargue, AG Armstrong Development, 13801 North Dale Mabry Highway, Suite 200, Tampa, FL 33618; 813-265-4500, Fax 813-265-4544; Emails: agoins@agarmstrong.com and amchargue@agarmstrong.com .
Red Tree Construction is selling a 51,085 sq.ft. center located at the intersection of Route 11 and Old Abingdon Highway in Bristol, VA for $2.5 million. The center is situated on a land area of 5.85 acres and has an average daily traffic count of 69,000 vehicles. The site is near Bristol Motor Speedway. For more information, contact Joseph Nowland, Red Tree Construction, 423-534-1077.
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 .
Chambre & Co., Inc. is representing a client seeking an NNN Walgreens (or other NNN single tenant of similar nature) anywhere in the continental U.S. for $3.3 million with a minimum Cap rate of 6.5%. The company is also representing a 1031 buyer with $2.7 million for an exchange. The buyer is looking to an NNN tenant with a 7.5% to 8% Cap rate. For more information, contact Joshua Schwab, Chambre & Co., Inc., 355 Lexington Avenue, New York, NY 10017; 212-697-7171, Fax 212-697-7114.
The Rotella Group, Inc. is selling a Blockbuster-anchored strip center in Ocala, FL for $2.49 million. The company is also selling the Publix-anchored Military Crossings Shopping Center in Greenacres, FL for $14.5 million with a Cap rate of 6.67%. Cotenants include Sprint, Subway, TCBY, Cash Plus and Supercuts. For more information regarding the Ocala property, contact Steven M. Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Emails: steve@rotellagroup.com and wrp@rotellagroup.com . For more information regarding the Greenacres property, contact William R. Pace.
The Whitfield Co. Commercial Real Estate Services is selling a land area of 7.34 acres in Austin, TX. The space is zoned for retail and/or multi-family use and is located just five minutes from the Austin central business district and Austin-Bergstrom International Airport. For more information, contact Tyler K. Buckler, The Whitfield Co. Commercial Real Estate Services, 3600 South Lamar, Austin, TX 78704; 512-476-9900, Fax 512-462-2727; Web site: www.thewhitfieldco.com . |