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Buyers & Sellers
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Buyers & Sellers M2 Realty Corp. is selling a land area of 26,870 sq.ft. located on 27th Avenue in Opa-Locka, FL. The site has an average daily traffic count of 55,000 vehicles. For more information, contact Emran Ally or Carlos Guzman, M2 Realty Corp., 18646 NW 67th Avenue, Miami, FL 33105; 800-587-9097 Ext. 24 or 29; Web site: www.m2realty.com.
Sperry Van Ness completed the sale of Northlite Commons I, a 21,646 sq.ft. retail building located on Spyder Drive directly off Exit 60 of Interstate 85 in Kannapolis, NC to Papyrus, LLC for $5.75 million. The seller was Northlite Center, LLC. The property is situated on a land area of 2.4 acres and is currently 92% leased. Tenants include The Shoe Dept., Game Stop, SuperCuts, Your Dollar Store and CT Wireless. The property also is shadow-anchored by Wal*Mart Supercenter. The company also completed the sale of an 18,360 sq.ft. Cost Plus World Market building located near Highway 49 on University Boulevard in Charlotte, NC to a private investor for $3.4 million with a Cap rate of 7.5%. The building is currently situated on a land area of two acres. For more information, contact David Ebeling, Sperry Van Ness, 18881 Von Karman, Suite 800, Irvine, CA 92612; 949-225-1883, Fax 949-251-9200; Email: david.ebeling@svn.com; Web site: www.svn.com.
CB Richard Ellis, Inc. is selling a 6,815 sq.ft. AutoZone located at the intersection of Wilson Road and Highway 219 in Newberry, SC for $625,000 with a Cap rate of 5.75%. The store has a 20-year NNN ground lease. Area retail includes Wal*Mart Supercenter, Wendy’s, Burger King, Pizza Hut, Lowe’s Home Improvement, KFC, Pizza Hut, Blockbuster Video, McDonald’s, Advance Auto, Eckerd, Hardee’s, Bojangles, Domino’s Pizza, Family Dollar, Zaxby’s, Tractor Supply Company, Aarons Rentals and CVS. The store is slated to open this month. For more information, contact Will Pike, CB Richard Ellis, Inc., 3340 Peachtree Road, Suite 1050, Tower 100, Atlanta, GA 30326; 404-923-1486/1381; Email: will.pike@cbre.com.
NAI BT Commercial is selling a 45,860 sq.ft. Sportsman’s Warehouse store located in Las Cruces, NM for $8.23 million with a Cap rate of 7%. The store has a new 15-year NNN lease with fixed rental increases. Area retail includes Home Depot and Wal*Mart. For more information, contact Michael Maffia, NAI BT Commercial, 201 California Street, Suite 100, San Francisco, CA 94111; 415-781-8100, Fax 415-956-3381; Email: pdaily@naibtcommercial.com; Web site: www.naibtcommercial.com.
Grubb & Ellis/NCG is selling a land area of 21.02 acres on Vista Rafael in Reno, NV for $6.5 million. The site is located near the University of Nevada Reno. The site has an average daily traffic count of 66,402 vehicles. The company also is selling a land area of 10 acres on Campo Rico Lane in Sparks, NV for $3.267 million. The property is surrounded by multiple single-family communities under development or in the planning stages. For more information, contact Ken Mattison, Grubb & Ellis/NCG, 5555 Kietzke Lane, Suite 200, Reno, NV 89511; 775-332-2800, Fax 775-332-2810; Email: ken.mattison@grubb-ellis.com; Web site: www.ncgreno.com. For more information regarding the property in Sparks, contact Troy Miller at 775-332-7310; Email: troy.miller@grubb-ellis.com.
Grubb & Ellis Co. sold the following sites throughout Houston, TX: a 12.15-acre site located at the intersection of Bent Oak Drive and Regal Row to RLLR Properties and a 47,632 sq.ft. retail building located on FM 1960 East to Atlas, LLC. For more information, contact Robert C. Kramp, Grubb & Ellis Co., 1330 Post Oak Boulevard, Suite 1400, Houston, TX 77056; 713-599-5127, Fax 713-626-2288; Email: robert.kramp@grubb-ellis.com.
NAI Chase Commercial Real Estate is looking to acquire strip, power and mixed-use centers throughout AL and the FL panhandle from $1 million and up with Cap rates of 8% and up. The preferred sites would have a GLA ranging from 10,000 sq.ft. to 500,000 sq.ft. For more information, contact Mark Elrod, NAI Chase Commercial Real Estate, 2705 Artie Street, Building 500, Suite 40, Huntsville, AL 35805; 256-319-3511, Fax 256-533-3798; Email: elrodm@chasecommercial.com; Web site: www.chasecommercial.com.
JBG Rosenfeld Retail acquired The Shops at Mark Center, a 63,320 sq.ft. center located at the intersection of North Beauregard Street and Rayburn Avenue in Alexandria, VA from the Mark Winkler Company. The center is currently 100% occupied and is anchored by Giant Food. Cotenants include CVS, Sun Trust Bank, McDonald’s, Blockbuster Video and other local and national retailers. For more information, contact JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-0700, Fax 301-657-9850; Email: leasing@jbgr.com; Web site: www.jbgr.com.
Mid-America Real Estate coordinated the sale of Jeffery Plaza, a 113,303 sq.ft. center located at the southeast corner of 71st Street and Jeffery Boulevard in Chicago, IL. The center is anchored by Dominick’s and Elston Ace Hardware. Cotenants include Ashley Stewart, Rainbow Apparel, Bank One, Radio Shack, Footlocker, Rent-A-Center, New China Express and Seashell Fish & Chicken. For more information, contact Mid-America Real Estate, Two Mid-America Plaza, Third Floor, Oakbrook Terrace, IL 60181-4713; 630-954-7300, Fax 630-954-7304/7306; Web site: www.midamericagrp.com.
NAI Avant brokered the sale of Fairfield Square Shopping Center, a 70,813 sq.ft. center located in High Point, NC for $4.6 million. The center is anchored by Food Lion and is situated on a land area of 7.4 acres. The company also brokered the sale of Kennerly Place Shopping Center located on Broad River Road in Columbia/Irmo, SC for $5.325 million. The center is anchored by Food Lion and is situated on a land area of 4.4 acres. For more information, contact Philip White, NAI Avant, 1901 Main Street, 2nd Floor, Columbia SC 29201; 803-744-9854 or 803-254-0100; Web site: www.naiavant.com.
Marcus & Millichap Real Estate Investment Brokerage Co. is selling a four-acre retail development parcel located 0.25 miles north of Interstate 80/94 in Lansing, IL for $1.48 million. For more information, contact George M. Ghattas, Marcus & Millichap Real Estate Investment Brokerage Co., 333 West Wacker Drive, Suite 200, Chicago, IL 60606; 312-327-5410, Fax 312-327-5410; Email: gghattas@marcusmillichap.com; Web site: www.marcusmillichap.com.
HMH Group, Inc. is selling Beltway 8 Center, a 35,000 sq.ft. center located on Sam Houston Tollway in Houston, TX for $780,000. The site has 415 feet of frontage.The company also is looking to acquire freestanding locations or strip and power centers throughout TX for between $100,000 and $2 million. For more information, contact Hamza Haneef, HMH Group, Inc., 5522 Pound Stone Court, Sugar Land, TX 77479; 281-494-7410, Fax 281-404-0967; Email: hhaneef@earthlink.net; Web site: www.hmhgroup.co.nr. |