Faris Lee Investments completed the $15.9 million pre-sale of The Shops at Simi Valley Town Center located on Simi Valley Town Center Way in Simi Valley, CA. The company represented the buyer, a private investor, and the seller, B&D Partners, LLC, in a 1031 exchange. The 24,466 sq.ft. Shops at Simi Valley is tenanted by Chipotle, Barbeques Galore, Hollywood Tan, Countrywide Home Loans, Cingular and Active Ride Shop. The site is located in front of Simi Valley Town Center, which has a GLA of 800,000 sq.ft. and is tenanted by Best Buy, Lowe’s Home Improvement, Babies "R" Us, Macy’s and Robinson’s May.

For more information, contact Patrick Kent, Faris Lee Investments, 2301 Dupont Drive, Suite 100, Irvine, CA 92612; 949-221-1800, Fax 949-221-1830; Web site: www.farislee.com.

AAG Management is selling a 25,000 sq.ft. CVS-anchored strip center in Queensbury, NY for $6.3 million with a 7% cash on cash return. The company requires $2.8 million in cash. The center has five cotenants.

For more information, contact Ed Balazs or David Grossman, AAG Management; 212-564-7250, Fax 212-564-7512.

Hall Associates, Inc. is selling a 48-acre parcel on U.S. Route 52 near Bluefield, WV, which can be divided into two tracts. A 12-acre tract fronting Route 52 is priced at $495,000. A 36-acre tract fronting Labrador Road is priced at $200,000. Nearby draws include Bluefield State College, Bluefield College and Bluefield Regional Hospital.

For more information, contact Judy B. Wagner, Hall Associates, Inc., 213 South Jefferson Street, Suite 1007, Roanoke, VA 24011; 540-982-0011 or 540-381-8755, Fax 540-334-1730 or 540-381-0426; Email: judy.wagner@hall-realtor.com.

Leoni Cos. is selling a Hollywood Video store located on Detroit Avenue in Lakewood, OH for $2.095 million at a Cap rate of 9.5%. The store sits on a land area of one acre and has a net operating income of $200,000. The company is also looking for acquisition opportunities nationwide with asking prices between $1 million and $10 million, Cap rates at 8% and 100% occupancy factors.

For more information, contact Todd Leoni, Leoni Cos., PO Box 381703, Miami, FL 33238; 305-756-1177 Ext. 2, Fax 305-757-5406; Email: todd@leonicompanies.com.

Hanley Brown Group represented the sellers in the sale of two NNN Washington Mutual Bank locations in CA. The Riverside location, a 5,000 sq.ft. single-tenant building situated on 0.71 acres and located within Orangecrest Towne Center, sold for $3.2 million at a 5.15% Cap rate. HEC Orangecrest, LLC sold the site and the buyers were represented by Woodmont Cos. in a 1031 exchange. Cotenants include Kohl’s, Walgreens, Pacific Dental, Wendy’s, Carl’s Jr., Pizza Hut and Chevron. The Apple Valley location, a 3,902 sq.ft. single-tenant building situated on a 0.57-acre pad site at the Ralph’s and Longs Drugs-anchored Rancherias Plaza, sold for $2.311 million at a 5% Cap rate. MG Apple Valley Associates sold the site to a private investor represented by Marcus & Millichap in a 1031 exchange.

For more information, contact Edward B. Hanley, Hanley Brown Group; 949-585-7677; Web site: www.hanleybrown.com.

Adams-Nelson & Associates, Inc. is selling the Center at Hillman Drive, a 33,450 sq.ft. two-story retail and office complex located on Cedar Creek Grade in Winchester, VA, for $7.025 million. Opening is slated for spring.

For more information, contact Stan Corneal, Adams-Nelson & Associates, Inc., 303 South Loudon Street, Winchester, VA 22601; 540-667-2424, Fax 540-667-2441; Email: stancorneal@adamsnelson.com.

Professional Land Corp. is selling a 0.23-acre parcel zoned for retail and located on Orange Street in Hesperia, CA for $239,000. Area retail includes Vons, Round Table Pizza and Jack in the Box at Hesperia Town Shopping Center, as well as Stater Bros., Del Taco, Taco Bell, Hollywood Video, Stater Bros. Shopping Center, Wal*Mart, Lucky/Sav-On, Subway, Longs Drugs, McDonald’s, Burger King, Target, Alberstons, Rite Aid, Blockbuster Video and Sizzler.

For more information, contact Bill Mims, Professional Land Corp., 23201 Mill Creek Drive, 3^rd Floor, Laguna Hills, CA 02653; 949-922-2085, Fax 949-709-3230; Web site: www.proland.com.

Kowit & Passov Real Estate Group is selling a divisible 14-acre site on North Ridge East in Ashtabula, OH for $200,000 per acre. The property is adjacent to a Wal*Mart Supercenter.

For more information, contact
Julie R. Harchalk, Kowit & Passov
Real Estate Group, 25200 Chagrin
Boulevard, Suite 300, Beachwood, OH
44122; 440-969-1221, Fax 216-514-5106; Email: jharchalk@kowitpassov.com.

Sperry Van Ness is selling Crown Point Commons, a 137-acre shopping center site located in Crown Point, IN on North Main Street, for $5.49 million. Area demographics include a population of 72,000 within five miles. The company is also selling a Subway location in Naperville, IL for $959,000 at a 6.53% Cap rate. The 1,864 sq.ft. building is located at the intersection of Main and Jefferson and is shadow-anchored by Starbucks. The tenant has a corporate signed NNN lease. The company is also selling Northern Lights, a 19,864 sq.ft. center located on Grand Avenue in Gurnee, IL, for $4.5 million at a Cap rate of 8.53%. The center is 100% occupied and is located at the entrance of Six Flags, Great America theme park and near Gurnee Mills Shopping Center.

For more information regarding Crown Point Commons or Northern Lights, contact Dan Martin, Sperry Van Ness; 847-434-1400; Web site: www.svn.com. For more information regarding Subway, contact Dan Martin or Terry R. Yormark III.

Equity Retail Brokers arranged the sale of a 1.5-acre former BP gas station located at the intersection of Ridge Pike and Butler Pike in Conshohocken, PA. British Petroleum sold the site to Moreland Development, which was represented by Equity Retail Brokers in the leasing of the property to Harleysville Bank.

For more information, contact Conrad Heckmann, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610-645-7700, Fax 610-645-5454; Web site: www.equityretailbrokers.com.

Winick Realty Group is selling a five-story 8,588 sq.ft. building located at the intersection of Second Avenue and 29^th Street in New York, NY. The property includes 1,870 sq.ft. of retail space, plus a basement, along with 6,998 sq.ft. of residential space. Area retail includes Gristede’s Supermarket, Petco, Loew’s Theater, Crunch Gym and Waterfront Ale.

For more information, contact Richard Kave and Paulette Powell, Winick Realty Group; 212-792-2634/2648; Emails: richard@winick.com and paulette@winick.com.

John Visser is selling 38 acres of commercial/retail land in Monroe, GA on Highway 138 for $225,000 per acre. The site has an average daily traffic count of 31,010. A Wal*Mart Supercenter Shopping Center is located across the street.

For more information, contact John Visser; 678-612-1925, Fax 678-623-5382.

Illustrated Properties is looking to acquire office buildings and shopping centers throughout the Northeast, Southeast and Midwest with GLAs of at least 50,000 sq.ft. The company is looking to invest between $10 million to $30 million and prefers that no one tenant occupies more than 50% of the center.

For more information, contact Peter Kernan, Illustrated Properties, 5500 Military Trail, Jupiter, FL 33458; 561-400-3535, Fax 561-626-5572; Email: petekernan@earthlink.net.

Space Source, Inc. is selling a 41,000 sq.ft. vacant former grocery store located in Holland, MI for $2.2 million at a 13.6% Cap rate. The store is located in a Kmart-anchored shopping center with the previous tenant paying rent until 2011.

For more information, contact Kirk R. Driesenga, Space Source, Inc., 169 Monroe Avenue Northwest, Grand Rapids, MI 49503; 616-456-2000, Fax 616-456-2006.

Greenberg & Associates, Inc. is looking to acquire one to five acres of property on hard corners in FL, particularly in Charlotte, Hernando, Hillsborough, Lee, Manatee, Marion, Pasco, Pinellas and Sarasota counties. The sites must have average daily traffic counts of at least 30,000 vehicles.

For more information, contact Steve Palmer, Greenberg & Associates, Inc.; 941-371-7758, Fax 941-377-9177.

Staubach Capital Markets closed the $46.6 million sale of Embry Village, a 213,054 sq.ft. Kroger-anchored center located in Atlanta, GA. Maxwell Properties, represented by The East Coast Retail Investment Team, sold the center to Kimco Realty.

For more information, contact Justin Greider, Staubach Capital Markets; 407-455-5039; Email: justin.greider@staubach.com.

Ace Hardware is represented by Royal Properties, Inc. throughout Dutchess, Orange, Putnam, Rockland and Westchester counties in NY.

For more information, contact Scott
Meshil, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708;
914-237-3403, Fax 914-237-0196; Email:
scott@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.