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Buyers & Sellers
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Buyers & Sellers post Evergreen Commercial Real Estate is looking to acquire ground leases throughout NJ of 0.5 to one acre for drive-thru use. For more information, contact Douglas Balduini, Evergreen Commercial Real Estate; 973-332-0518; Email: dougb@evergreencommercial.com; Web site: www.evergreencommercial.com. Tracy Realty Co. is selling a 23.68-acre parcel on Mesa Avenue in Oroville, CA. The vacant lot is zoned mixed-use. The asking price is $3.35 million. The company is also selling a five-parcel 26-acre tract near Lake Oroville in Oroville, CA with an asking price of $5.23 million. For more information on the Mesa site, contact Bud Tracy, Tracy Realty Co., 1453 Downer Street, Suite A, Oroville, CA 95965; 530-534-1911, Fax 530-893-1922; Email: budtracy@tracyrealtyco.com; Web site: www.tracyrealtyco.com. For additional information on the Lake tract, contact Mike Donnelly, Tracy Realty Co., 2531 Forest Avenue, Suite 110, Chico, CA 95928; 530-893-1909; Email: mike@tracyrealtyco.com. Meagher & Tomlinson is selling the Powerline Center in Olivehurst, CA. The 229,126 sq.ft. lot parcel houses 25,543 sq.ft. of commercial space and a 52,500 sq.ft. building pad on Powerline Road. The property is zoned commercial and is currently tenanted by a pool hall, laundromat, pizza parlor and hair salon. The asking price is $1.8 million. For more information, contact Zac Repka, Fred Northern or Karen Tabler, Meagher & Tomlinson, 1007 Live Oak Boulevard, Suite A4, Yuba City, CA 95991; 530-671-0000, Fax 530-671-2717; Emails: zac@wmmt.com, fred@wmmt.com and karent@wmmt.com. Gulfstream Commercial Services is selling a six-acre parcel with a 37,509 sq.ft. building currently occupied by Wyndall’s Foodland in Owensboro, KY. The site is across the street from a Wal*Mart Supercenter. The asking price is $3.5 million. For more information, contact Brad Anderson, Gulfstream Commercial Services, 2960 Fairview Drive, Suite 1, Owensboro, KY 42303; 270-685-9007; Email: brada@gulfstreamdev.com. J&R Investments, Inc. is looking to acquire a NNN single tenant retail or office sites on the East Coast. Purchase price should be between $7 million and $20 million. For more information, contact Jay Garfinkel, J&R Investments, Inc., 50 Savits Drive, Elverson, PA 19520; 610-524-6579, Fax 610-524-4860; Email: garfinklejay@msn.com; Web site: www.jandrinvest.com. The Lennox/Massell Cos. is selling a Verizon Wireless location in Lake Charles, LA for $1.99 million at a Cap rate of 7.25%. The site is located across from Prien Lake Mall. Verizon has a 10-year NN lease with rent commencing during June. For more information, contact Wade Lennox, Lennox/Massell Cos., One Oak Plaza, Suite 205, Asheville, NC 28801; 828-281-3378, Fax 828-281-3380; Email: lmlistings@bellsouth.net. REZA Investment Group, Inc. is selling Manteca Marketplace, a 171,900 sq.ft. community center sitting on 13.27 acres in Manteca, CA. The six-building center is anchored by Save Mart, Rite Aid, Stadium 10 Cinemas, Dollar Tree and Sears. For more information, contact REZA Investment Group, Inc., 3 Park Plaza, Suite 550, Irvine, CA 92614; 949-833-3380, Fax 949-833-3382; Web site: www.rezacompanies.com. DMB Capital & Real Estate Advisory is selling a 2,038 sq.ft. freestanding building in Brookfield, CT for $1.5 million. The building sits on a land area of 50 acres and includes 2,000 sq.ft. of storage. The average daily traffic count is 30,000 vehicles. For more information, contact Dennis M. Behunick, DMB Capital & Real Estate Advisory, LLC, 99 Danbury Road, Ridgefield, CT 06877; 203-438-8645, Fax 203-438-5299; Email: dmbcapital@aol.com. The SOA Group, LLC is looking to acquire shopping centers throughout northern FL, GA and SC. For more information, contact Arnold King, The SOA Group, Inc.; 404-918-8070, Fax 404-806-4287. JE Capital Investments is looking to acquire retail properties throughout FL in the southern region, Daytona, Jacksonville, Orlando and Tampa. The properties should have Cap rates of at least 6.5% and be located in C+ neighborhoods or better. For more information, contact Joshua A. Emory, JE Capital
Investments; NAI Capital represented the seller in the sale of a 7,300 sq.ft. building on Van Nuys Boulevard in Sherman Oaks, CA that sits on a land area of 7,500 sq.ft. HJM Properties, LLC sold the site to American Commercial Equities Three, LLC, represented by Charles Dunn Co. For more information, contact Jeremy Jurow or Peter Yousefi, NAI Capital; 818-905-2400. Perimeter Oil Co. is selling a 10-acre site located in Atlanta, GA on Interstate 75 for ground lease or build-to-suit. For more information, contact Vincent J. Kenny, Perimeter Oil Co., 2970 Parrott Avenue Northwest, Atlanta, GA 30318; 404-592-2540, Fax 404-592-2541. Retail Investment Group, LLC is selling a freestanding Hooters NNN site on Augusta National Drive in Orlando, FL for $3.379 million at a Cap rate of 6.25%. The property is adjacent to the Orlando International Airport in the LeeVista Business Center. For more information, contact Steven I. Davis, Retail Investment Group, LLC, 12 Highland Avenue, Suite 100, Great Neck, NY 11021; 516-829-2625, Fax 516-977-2635; Email: steven@retail1031.com. PF Holdings, Inc. represents an investor looking to acquire single-tenant NNN properties in FL priced between $1 million to $4 million with minimum Cap rates of 7.5%. For more information, contact Scott M. True, PF Holdings, Inc., 9724 Blue Stone Circle, Fort Myers, FL 33913; 239-210-1521, Fax 239-768-2393. Colliers Turley Martin Tucker is selling a 5,690 sq.ft. two-tenant building located in Colerain, OH for $1.25 million at a Cap rate of 8%. CiCi’s Pizza occupies 4,326 sq.ft. with a lease that expires during 2015. The site is adjacent to Northgate Mall and Kroger. For more information, contact Kevin James, Colliers Turley Martin Tucker; 614-827-1705, Fax 614-241-4701; Email: ktjames@ctmt.com. Marcus & Millichap is selling a 7,198 sq.ft. building situated on 1.95 acres in Franklin, OH for $1.624 million at a Cap rate of 8%. The site is leased to Wendy’s with an attached Exxon gas station/convenience store. Wendy’s has a ground lease slated to expire during 2021 and Exxon will sign a ground lease slated to expire the same year. The company also brokered the sale of Sinking Spring Plaza, an 80,000 sq.ft. shopping center located in Sinking Spring, PA, for $7.95 million. The company represented the seller and the buyer, Ginsberg Properties, LLC, in the sale. The center is anchored by a 56,000 sq.ft. Shur-Fine Grocery and is located across from a proposed Wal*Mart. For more information regarding the OH site, contact Lisa Sickinger, Marcus & Millichap, 201 East Fifth Street, Suite 2050, Cincinnati, OH 45202; 513-241-9002 Ext. 122, Fax 866-702-2269. For more information regarding the PA sale, contact Spencer Yablon; 215-557-0900. Capital Retail Group and LeDroit Park Development are preleasing an 8,000 sq.ft. convenience retail center located at the intersection of Florida Avenue and Second Street in Washington, DC. The center is part of the 438,000 sq.ft. headquarters of the U.S. Bureau of Alcohol, Tobacco and Firearms and is being developed by General Services Administration. Opening is slated for fall. Nearby draws include the New York Avenue Metro station. The average daily traffic count is 46,000 vehicles. For more information, contact Robert Tack, Capital Retail Group; 202-319-2884. Empire Commercial Real Estate is developing phase two of Sierra Crossroads, a 150,000 sq.ft. center located at the intersection of Sierra Avenue and Jurupa Avenue in Fontana, CA. Phase two is slated to open next year and will feature Walgreens and Bank of America. Phase one includes tenants such as Stater Bros., Wells Fargo and Starbucks. For more information, contact Empire Commercial Real Estate, 3536 Concours, Suite 300, Ontario, CA 91764; 909-987-7788, Fax 909-481-1290. Vision Real Estate is preleasing Rutherford Crossing, located at the intersection of North Rutherford Boulevard and New Lascassas Highway in Murfreesboro, TN. Phase one of the site is anchored by Kroger and phase two will include an expansion for the grocery store. Opening is slated for this summer. Nearby draws include Middle Tennessee State University. Area demographics include a population of 82,401 within five miles earning $57,119 as the average household income. The average daily traffic count is 13,090 vehicles. For more information, contact Kay O. Berry, Vision Real Estate, 5544 Franklin Road, Suite 200, Nashville, TN 37220; 615-467-3788 Ext. 12, Fax 615-467-3789; Email: kberry@visionrealestateco.com. Centurion Partners, LLC is preleasing Graystone Crossing, a 25,000 sq.ft. retail center located on Highway 160 in Tega Cay, SC across from a Wal*Mart Supercenter. A 1.5-acre outparcel is available at the site, which has an average daily traffic count of 24,200 vehicles. Area demographics include a population of 58,150 within five miles earning $70,314 as the average household income. For more information, contact Philip Corriher, Centurion Partners, LLC; 704-865-2120 Ext. 7; Email: pcorriher@centurionpartners.com; Web site: www.centurionpartners.com. Halvorsen Real Estate is preleasing The Shoppes at North Cape, a 68,711 sq.ft. strip center situated on a land area of 14.75 acres at the intersection of Del Prado Boulevard and Kismet Parkway in Cape Coral, FL. Publix anchors the center, which is slated to open during the fall. Cotenants include Beef O’Brady’s, Subway, Neff Studio Salon, Sunset Tanning, HiTech Dry Cleaners and Hair Cuttery. Tenants occupying outparcels include McDonald’s, Colonial Bank, Fifth Third Bank, AmSouth Bank and Dunkin’ Donuts. Area demographics include a population of 300,316 within 10 miles earning $55,389 as the average household income. For more information, contact Penny Ritenbaugh, Halvorsen Real Estate, 33 Southeast 4th Street, Suite 100, Boca Raton, FL 33432; Email: pritenbaugh@halvorsenbuildings.com. Dahlem Realty Co., Inc. is preleasing Corydon Center, a 38,800 sq.ft. strip center located in Corydon, IN at the intersection of Old Highway 135, Highway 337 and Highway 135. Spaces of 1,200 sq.ft. to 1,996 sq.ft. are available, as well as a one-acre outlot. Anchors include Tractor Supply Co., Walgreens and PNC Bank, with Da Vita cotenanting the site. Opening is slated for July. Area retail includes Wal*Mart, J C Plus Food Store, Wendy’s, Cracker Barrel, O’Charley’s, McDonald’s, Verizon Wireless, Blockbuster Video, Jackson Hewitt, H&R Block, CVS, Hallmark, Dollar Tree, Hibbett Sports, Sears, Maurices, Radio Shack and Friedman’s. Asking rent is $16 psf plus CAM of $1.20 psf, taxes of $0.80 psf and insurance of $0.20 psf. For more information, contact Charles J. Dahlem, Dahlem Realty Co., Inc., 6200 Dutchmans Lane, Suite 207, Louisville, KY 40205; 502-479-0200, Fax 502-479-0215; Email: charlie@dahlem.com. Great American Capital is preleasing Centennial Village, a 220,000 sq.ft. strip center situated on 20 acres at the intersection of Centennial Parkway and Losee Road in Las Vegas, NV. Spaces of 16,600 sq.ft.; 23,000 sq.ft. and 30,000 sq.ft. are available at the center, which is slated to open during June with CVS anchoring the site. Area demographics include a population of 767,931 within 10 miles earning $57,034 as the average household income. Area retail includes Smith’s and a proposed Wal*Mart. Nearby draws include University of Nevada, Las Vegas. For more information, contact Hillary Stoltz, Great American Capital, 8350 West Sahara Avenue, Suite 210, Las Vegas, NV 89117; 702-253-5751, Fax 702-255-2968; Email: hstoltz@greatac.com. The Athena Group, LLC and BLDG Management Co., Inc. is developing a 1.2 million sq.ft. mixed-use project on First Street in Jersey City, NJ. The 52-story development will feature retail space, condominiums, a hotel, artists’ lofts and a gallery. For more information, contact The Athena Group, LLC, 712 Fifth Avenue, New York, NY 10019 or BLDG Management Co., Inc., 417 Fifth Avenue, New York, NY 10016. Allardt Enterprises, LLC is preleasing a 1,500 sq.ft. space on Ross Clark Circle in Dothan, AL for $20 psf. The 6,590 sq.ft. building is tenanted by Tuffy Auto Service Centers, occupying 5,090 sq.ft. Construction is slated to be complete during August. Area retail includes Big Lots, Burger King, Subway, Walgreens, Winn-Dixie, Papa John’s, Wells Fargo, Wal*Mart, Home Depot, Sam’s Club, Longhorn Steakhouse and Tuesday Morning. Area demographics include a population of 62,811 within five miles earning $39,773 as the average household income. For more information, contact Brian Allardt or Alicia Muratori, Allardt Enterprises, LLC, 211 South Walnut Street, Muncie, IN 47305; 765-288-8493 Ext. 206/211, Fax 765-288-8496; Emails: ballardt@auamuncie.com and amuratori@auamuncie.com. Reinauer Real Estate is preleasing a 7,800 sq.ft. regional strip center situated on a land area of 35,000 sq.ft. at the intersection of West Prien Lake Road and Creole Street in Lake Charles, LA. Spaces of 1,000 sq.ft. to 7,800 sq.ft. are available, with an opening slated for this fall. Verizon will anchor the center. Area demographics include a population of 149,436 within 10 miles earning $50,675 as the average household income. The average daily traffic count is 17,733 vehicles. Asking rent is $25 psf plus taxes of $3.50 psf. The site is located at the entrance of Prien Lake Regional Mall, which is anchored by Dillard’s, Macy’s, Sears, JCPenney and Cinemark. For more information, contact Essa Commercial Real Estate is developing up to 40,000 sq.ft. of retail and office space at New Garden @ Brassfield, located on New Garden Road in Greensboro, NC. For more information, contact Carl Essa, Essa Commercial Real Estate, 445 Dolley Madison Road, Suite 400, Greensboro, NC 27410; 336-297-1000, Fax 339-297-1039; Email: carl@essainc.com; Web site: www.essainc.com. Grubb & Ellis Co. is selling an 11,500 sq.ft. site located on FM 1960 West in Houston, TX for $5.377 million at a Cap rate of 7%. The site is tenanted by a 7,300 sq.ft. Robbins Bros. World’s Biggest Engagement Ring Store and a 4,500 sq.ft. Freebirds World Burrito. Area demographics include a population within five miles earning $96,168 as the average household income. The company is also selling Westheimer Crossing II, a 56,331 sq.ft. 100% leased shopping center in Houston, TX located at the intersection of Westheimer Road and Voss Road. The center is tenanted by a 29,406 sq.ft. Linens ‘N Things and a 26,925 sq.ft. REI. The average daily traffic count is 215,000 vehicles. Area demographics include a population within three miles earning $98,364 as the average household income. The company is also selling several 1,500 sq.ft. freestanding sites in NJ: 102 North Main Street in Forked River for $300,000; 253 West Main Street in Moorestown for $475,000; 39 Route 73 in Berlin for $325,000; 1205 South Route 73 in Palmyra for $525,000; Route 73 and Collins Avenue in Maple Shade for $800,000 and 174 Route 70 in Medford for $550,000. The company is also selling a 40,200 sq.ft. freestanding former Giant Supermarket location on New Falls Road in Levittown, PA. The 4.688-acre site has an average daily traffic count of 26,000 vehicles. In addition, Grubb & Ellis is selling a 1,922 sq.ft. strip center on Gay Street in Phoenixville, PA for $235,000. There is a space available of 675 sq.ft. The company is also selling a 1,458 sq.ft. freestanding site on Juliustown Road in Browns Mills, NJ for $800,000, as well as a 1,056 sq.ft. Shell Oil Station on Lincoln Highway in Gap, PA for $325,000. For more information regarding the Houston, TX sites, contact George Cushing, Grubb & Ellis Co., 1330 Post Oak Boulevard, Suite 1400, Houston, TX 77056; 713-599-5165, Fax 713-626-2288; Email: george.cushing@grubb-ellis.com; Web sites: www.georgecushing.com and www.grubb-ellis.com. For more information regarding the freestanding sites in NJ, the site in Browns Mills and the Shell Oil Station contact Scott Martin or Matthew Devine; 856-334-2111 or 610-879-4532. For more information regarding the former Giant Supermarket location, contact Dale Peterson or Russ Menk; 610-879-4509/4524. For more information regarding the strip center in Phoenixville, contact Theo Notaras; 610-879-4512. Prudential is selling The Burro Street Exchange located on Burro Street in Cloudcroft, NM for $2.85 million. For more information, contact Michelle Meyn, Prudential, 877-430-0664. Breslin Realty is selling a 5.9-acre, 52,900 sq.ft. site located at the intersection of Doyle Court and Larkfield Road in East Northport, NY for $4 million. The site is adjacent to Huntington Square Mall, which is anchored by Sears and adjacent to Best Buy and Stop & Shop. Area retail includes Home Depot, Staples, Marshalls, Old Navy, Barnes & Noble, Target, Macy’s, Sports Authority, Modells, Chili’s, Ulta, Babies "R" Us, Borders, Applebee’s, Pathmark and Trader Joe’s. The average daily traffic count is 30,000 vehicles. Area demographics include a population of 198,172 within five miles earning $106,223 as the average household income. The company is also selling a 65,000 sq.ft. freestanding building on Marketplace Drive in Rochester, NY for $5.98 million. Area retail includes Wal*Mart, Sam’s Club, Target, Lowe’s Home Improvement, Toys "R" Us, JCPenney, Wegmans, Borders, Pier 1 Imports, Chuck E. Cheese, Michaels, Stuart’s, Sally Beauty Supply, Pep Boys, Kohl’s, Circuit City, Dick’s Sporting Goods, Regal Cinemas and Raymour & Flanigan. Area demographics include a population of 520,920 within 10 miles earning $49,942 as the average household income. The company is also selling a 1.92-acre site located at the intersection of Waverly Avenue and Long Island Expressway North Service Road in Holtsville, NY for $750,000. The site can accommodate a 15,000 sq.ft. to 20,000 sq.ft. building. Area demographics include a population of 229,500 within five miles earning $65,989 as the average household income. For more information regarding the East Northport site, contact Wilbur Breslin or Robert Delavale, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 223/230, Fax 516-741-5621. For more information regarding the sites in Rochester and Holtsville, contact Robert Delavale. Hanley Brown Group Real Estate Advisors and Lee & Associates represented the buyer and seller in the $9.8 million sale of Mountain View Plaza at a Cap rate of 5.82%. Situated on a land area of 5.64 acres at the intersection of East Florida Avenue and Ramona Avenue in Hemet, CA, the 54,747 sq.ft. center is anchored by Stater Bros., Longs Drugs and Blockbuster Video and is 100% occupied. Jade Enterprises, LLC acquired the site from Mountain View Retail, LLC. For more information, contact Eric Werner, Hanley Brown Group Real Estate Advisors; 949-585-7678; Web site: www.hanleybrown.com. The Goldstein Group is selling a site on Springfield Avenue in Newark, NJ with approvals for a 15,000 sq.ft. strip center and a possible expansion to 20,000 sq.ft. The property is an outparcel to Home Depot. Area retail includes Wendy’s, Applebee’s, Family Dollar, Duane Reade, Sony Theaters, Rainbow Shops, Bank of America and Strauss Discount Auto. Area demographics include a population of 419,161 within three miles earning $51,951 as the average household income. The company is also selling a 3.84-acre retail parcel on Route 22 West in Phillipsburg, NJ. The site has an average daily traffic count of 37,000 vehicles and is located across from Phillipsburg Mall. Area retail includes H&M, Sears, Kohl’s, Wal*Mart, ShopRite, Old Navy, Bon Ton, JCPenney, Home Depot, Panera Bread and Lowe’s Home Improvement. Area demographics include a population of 173,384 within 10 miles earning $66,644 as the average household income. The company is also selling a 0.29-acre redevelopment site with a 2,200 sq.ft. building on State Street in Teaneck, NJ. Area retail includes Sammy’s Bagels, Cutler’s Pharmacy, The Plaza Shopping Center and Bank of New York. Area demographics include a population of 466,550 within five miles earning $96,795 as the average household income. For more information regarding the Newark site, contact Lew
Finkelstein or Chuck Lanyard, The Goldstein Group, Glen Rock Plaza, 266
Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700 Ext. 22/15, Fax
201-703-9678; Emails: lfinkelstein@thegoldsteingroup.com and clanyard@thegoldsteingroup.com;
Web site: www.thegoldsteingroup.com. For more information regarding the
Phillipsburg site, contact Curtis Nassau or Florian Suserman; 201-703-9700 Ext.
29/23; DLC Management Corp. acquired Bath Shopping Center, a 101,124 sq.ft. community shopping center located in Bath, ME. Anchors include Shaw’s Supermarket, CVS and Movie Gallery, with cotenants including Olympia Sports Center, Rent-A-Center and Goodwill. A 2,000 sq.ft. space is available. The company is acquiring shopping centers and plans to expand its portfolio of 69 shopping centers totaling 14.5 million sq.ft. in 24 states. For more information, contact Daniel Taub or Guy Morris, DLC Management Corp.; Emails: dtaub@dlcmgmt.com and gmorris@dlcmgmt.com; Web site: www.dlcmgmt.com. NAI Welsh is selling a 68,905 sq.ft. former Rainbow Foods location, situated on 5.22 acres at the intersection of Madison Avenue and Bassett Drive in Mankato, MN and including 2,985 sq.ft. of mezzanine space. The store is available for sale or lease and features an average daily traffic count of 40,000 vehicles. Area retail includes Best Buy, Cub Foods, Gander Mountain, Gordman’s, Hobby Lobby, Home Depot, Hyvee, Menards, OfficeMax, Old Navy, Sam’s Club, Sears, Shopko, Target and Wal*Mart. Area demographics include a population of 99,696 within 20 miles earning $47,415 as the average household income. For more information, contact NAI Welsh, 900 Second Avenue, Suite 1625, Minneapolis, MN 55435; 612-573-8700, Fax 612-573-8110; Web site: www.welshco.com. RJRE, Inc. represents a client looking to acquire NNN retail investments in a 1031 exchange of up to $1 million in Atlanta, GA; Charlotte and Concord, NC and Myrtle Beach, SC. For more information, contact R.T. Hudgins, RJRE, Inc.; 336-214-7676; Email: rhudgins@realtor.com. Lincoln Harris is selling a multi-tenanted building, shadow-anchored by Lowe’s Home Improvement and located at the intersection of Evans Road and Maynard Drive in Cary, NC for $2.37 million. The net operating income is $160,000. Current tenants include Jimmy’s John’s and Starbucks and area demographics include a population of 78,973 within five miles earning $89,333 as the average household income. The company is also selling a NN Starbucks location on University Parkway in Winston-Salem, NC at an asking price of $1.54 million with a Cap rate of 6.15%. Area retailers include Home Depot, Lowe’s Home Improvement and Wal*Mart Supercenter and area demographics include a population within five miles earning $56,014 as the average household income. For more information, contact James Mattox, Lincoln Harris,
3000 RDU Center Drive, Morrisville, NC 27560; Marcus & Millichap is selling 1.67 acres zoned for retail in Las Vegas, NV for $1.395 million. For more information, contact Eric Beitchman, Marcus & Millichap; 972-755-5270; Email: ebeitchman@marcusmillichap.com. Nassimi Realty, Inc. acquired four shopping
centers throughout IN and OH. The IN centers include Target 31 Shopping Center
and Felbram Plaza South, adjacent centers located in Indianapolis. The 185,589
sq.ft. Target 31 center is located at the intersection of U.S. 31 and National
Avenue and is anchored by Target. Cotenants include Payless ShoeSource, Game
Shop, Fantastic Sams, Dollar Tree, For more information, contact Mike Nassimi, Nassimi Realty, Inc., Seven Penn Plaza, 370 Seventh Avenue, Suite 1700, New York, NY 10001; 610-687-0807. Interstate Realty and Development represents a client looking to acquire property in the Southeast. The company prefers single-tenant outparcels, strip centers or shadow-anchored centers and will consider existing centers with upside potential. The company is also selling a 100% leased center in Pigeon Forge, TN for $4.4 million. The 26,152 sq.ft. center has a net operating income of $326,000. For more information, contact Brett Greene, Interstate Realty and Development, 2151 Volunteer Parkway, Bristol, TN 37620; 423-968-5971, Fax 423-764-9121. Champion Realty Advisors, LLC is selling an 81.8-acre retail development site, located in Bradley, IL at the intersection of N Road and Cardinal Drive, for $1.14 psf or $50,000 per acre. The average daily traffic count is 37,000 vehicles. Area retail includes a proposed 473,000 sq.ft. center on N Road to be followed by a Kohl’s and Wal*Mart Supercenter. There is additional land that can be purchased, including 53.4 acres to the west of the site and 47.45 acres to the east. For more information, contact Austen Alexa, Champion Realty Advisors, LLC, 3500 Lacey Road, Suite 240, Downers Grove, IL 60515; 630-598-1001, Fax 630-598-1002. TKO Real Estate Advisory is selling East Town Shopping Center, a 202,046 sq.ft. center located at the intersection of AL Highway 75 and Huffman Road in Birmingham, AL. Situated on a land area of 17.17 acres, there are spaces available of up to 103,000 sq.ft., as well as outparcels. Party City and Rite Aid anchor the site. Area demographics include a population of 257,406 within 10 miles earning $55,027 as the average household income. The company is also selling a 37,527 sq.ft. former Burlington Coat Factory store located on Kutztown Road in Reading, PA. In addition, the company is selling Five Points Plaza, located at the intersection of Dayton Yellow Springs Road and Beaver Valley Road in Fairborn, OH, for $3.33 million at a Cap rate of 8.25%. The 136,655 sq.ft. shopping center sits on a land area of 15.52 acres and has spaces available of 6,900 sq.ft.; 7,500 sq.ft. and 30,975 sq.ft. Big Kmart and Dollar General anchor the center. Area demographics include a population of 64,650 within five miles earning $60,576 as the average household income. For more information regarding East Town Shopping Center, contact Ted Kraus or Josh Kraus, TKO Real Estate Advisory Group, Inc.; 609-587-6200; Emails: ted@dealmakers.net and josh@dealmakers.net. For more information regarding the former Burlington Coat Factory site or Five Points Plaza, contact Ted Kraus. Marsh Supermarkets, Inc. is selling the following supermarkets throughout IN: a 28,671 sq.ft. Marsh Supermarket, located on East Washington Street in Winchester, for $1.5 million; a 27,716 sq.ft. LoBill Foods, located on Chester Boulevard in Richmond, for $1.7 million; a 39,451 sq.ft. LoBill Foods, located on Madison Avenue in Indianapolis, for $2.5 million; a 32,176 sq.ft. LoBill Foods, located on Indianapolis Road in Greencastle, for $2.15 million and a 21,137 sq.ft. Arthur’s Market, located on West Pickwick Drive in Syracuse, for $2.5 million. In OH, the company is selling a 36,810 sq.ft. LoBill Foods, located on Martin Street in Greenville, for $2.9 million. For more information, contact Bill Marsh, Marsh Supermarkets, Inc., 9800 Crosspoint Boulevard, Indianapolis, IN 46256; 317-594-2334, Fax 317-594-2339. Borrus Associates represents investors looking to acquire anchored centers, strip centers, neighborhood centers and power centers in the eastern seaboard from MA to FL. For more information, contact Julius Borrus, Borrus Associates, 294 Broad Street, Red Bank, NJ 07701; 732-345-7002, Fax 732-345-7207. Commercial West Associates is selling a 5,000 sq.ft. center in CA for $2.4 million at a Cap rate of 6.25%. The multi-tenanted center is shadow-anchored by Save Mart and Dollar Tree. All leases commenced during April and have 10-year terms. For more information, contact Mike Miguel, Commercial West Associates, 5 River Park Place West, Suite 110, Fresno, CA 93720; 559-256-0316, Fax 559-490-3610; Email: mmiguel@commercialwest.com. The Location Specialists, LLC is looking to acquire centers in the Dallas/Fort Worth, TX metroplex priced at $5 million or less with Cap rates higher than 8.25%. The centers should be at least 65% leased. In particular, the company is looking for NNN single-tenant sites, freestanding buildings, strip and power centers or outlots of malls. For more information, contact Hilco Real Estate is looking nationwide to acquire properties in a 1031 exchange. The retail or industrial sites must have Cap rates of 9% and up and can include single-tenant NNN properties, sale/leasebacks, vacant assets and other value-added opportunities. For more information, contact Matt Darin or Josh Joseph, Hilco Real Estate, One Northbrook Place, Five Revere Drive, Suite 320, Northbrook, IL 60062; 847-504-2456/2459, Fax 847-897-0785; Web site: www.hilcorealestate.com. Cole Realty Advisors is selling a NNN-leased Tortuga Cantina location in The Woodlands, TX for $2.085 million at a Cap rate of 9%. The lease is guaranteed by Mexican Restaurants, Inc. and has seven years remaining. The tenant has five, five-year options remaining with 4% rent increases every two years. Area demographics include a population of 99,000 within five miles earning $94,000 as the average household income. For more information, contact Eddie Villa, Cole Realty Advisors, 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016; 602-716-8855, Fax 602-778-8776; Web site: www.colecapital.com. Kin Properties, Inc. is looking to acquire single-tenant retail, industrial or office properties, subject to existing net leases with rents at or below market rents. For more information, contact Kin Properties, Inc., 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200, Fax 561-955-9921; Email: info@kinproperties.com. Prisani Funding is looking to acquire high-traffic locations for retail development in the New York, NY metropolitan area as well as CT and NJ. The properties can be ground up, conversions of existing buildings or value-added. For more information, contact Martin Kapelner, Prisani Funding; 516-593-4400. Creative Property Services is looking to acquire two centers in CA for $6 million and $50 million. The sites must be value-added. For more information, contact Chris Cella, Creative Property
Services, 220 Petaluma Avenue, Sebastopol, CA 95472; 707-569-2110, Fax 707-823- Bellbrook Realty, Inc. is looking to acquire properties in a 1031 exchange priced between $6 million and $12 million. Preferred properties include investment grade or near investment grade multi-tenant retail, NNN strip centers, multi-tenant office or single-tenant NNN sites. The company will not acquire multi-family or mixed-use sites. The company has $6 million in cash available. For more information, contact Charlie Baker, Bellbrook Realty, Inc.; 631-289-4444 Ext. 236; Email: charliebaker@bellbrookrealty.com. EG Realty is selling the 67,000 sq.ft. Sunbeam Shopping Plaza, situated on six acres and located on East Main Street in Waterbury, CT for $8.5 million at a Cap rate of 7.1%. The net operating income is $605,000. The company is also selling the 66,443 sq.ft. Mallview Shopping Plaza, situated on six acres and located at the intersection of Wolcott Street and Lakewood Road in Waterbury, CT for $8.5 million at a Cap rate of 7.1%. Area retailers include Kmart, Shop & Stop and Staples. For more information, contact Ella Goldin, EG Realty, 10 Oceanview Lane, Staten Island, NY 10301; Fax: 917-677-8601; Email: ellagoldinrealty@si.rr.com. Faris Lee Investments is selling a Carl’s Jr. restaurant located at the intersection of Pueblo Boulevard and Northern Avenue in Pueblo, CO for $2 million at a Cap rate of 5.8%. Area retail includes Kmart and Wal*Mart. The company is also offering a single tenant/absolute NNN lease for a BJ’s Restaurant and Brewery located at the intersection of Rancho Vista Boulevard and 10th Street on a pad site of the Antelope Valley Mall in Palmdale, CA for $5 million at a Cap rate of 5%. The company is also selling a Smart & Final-anchored shopping center located on West Thunderbird Road in Phoenix, AZ at a Cap rate of 6.41%. Area retail includes Best Buy and Lowe’s Home Improvement. The company is also selling KB Home center in Lathrop, CA. The asking price is $8.42 million with a Cap rate of 6.5%. For more information regarding the sale of Carl’s Jr., contact Shaun Riley, Faris Lee Investments, 2301 Dupont Drive, Suite 100, Irvine, CA 92612; 949-221-1800, Fax 949-221-1830; Web site: www.farislee.com. For more information regarding BJ’s Restaurant and Brewery, contact Jeff Conover; 949-221-1800; Email: jconover@farislee.com. For more information regarding the Smart & Final-anchored shopping center, contact Nicholas Coo; 949-221-1800; Email: ncoo@farislee.com. For more information regarding the KB Home center, contact Dennis Vaccaro; 949-221-1800; Email: dvaccaro@farislee.com. Metropolitan Commercial Real Estate Services is selling pad sites at Blackhawk Ranch Marketplace, a 582,091 sq.ft. power center situated on 55 acres at the intersection of South Wilmot Road and Interstate 10 in Tucson, AZ. Opening is slated for October. Area demographics include a population of 65,310 within five miles earning $51,000 as the average household income. The average daily traffic count is 56,200 vehicles. For more information, contact Leslie Allen, Metropolitan
Commercial Real Estate Services, 4500 Steiner Ranch Boulevard, Studio 2211,
Austin, TX 78732; 512-344-9502, Fax 512-857-9077; Web site: Crown Realty is selling a shopping center situated on a land area of eight acres in Johnson County, KS for $2.2 million. The site has a former Apple Market and a strip center, totaling 23,000 sq.ft. in three buildings. For more information, contact Heidi Bacon, Crown Realty; 913-731-4795; Web site: www.heidibacon.crownrealty.com. Urstadt Biddle Properties, Inc. is looking to acquire retail properties throughout the NY metro area, primarily in Putnam and Westchester counties in NY and Fairfield, CT. The company is seeking neighborhood and community shopping centers with minimum GLAs of 50,000 sq.ft. and anchored by a grocery store. For more information, contact John C. Merritt or James Aries, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-863-8200, 203-863-8224, Fax 203-861-6755; Email: acquisitions@ubproperties.com. P.P.I. Capital, Inc. is looking to acquire centers
with high vacancies and empty big box spaces nationwide. The company prefers
anchored retail projects of 80,000 sq.ft. and up with vacancies of 40,000 sq.ft.
to 50,000 sq.ft. Preferred demographics include a population of 200,000 within
For more information, contact B.J. Halavi, P.P.I. Capital, Inc., 10850 Wilshire Boulevard, Suite 720, Los Angeles, CA 90024; 310-446-1122, Fax 310-475-5519; Email: ppicapital@verizon.net. Acadia Realty Trust is looking to acquire retail and mixed-use properties with at least one credit anchor tenant on a long term lease and minimum GLAs of 100,000 sq.ft. The company prefers to acquire portfolios in the eastern half of the U.S. Transactions should be valued at a minimum of $15 million. For more information, contact Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8100, Fax 914-428-2760. CB Richard Ellis is selling a 6.79-acre parcel adjacent to Wal*Mart Supercenter in Galena, IL for $2.85 million. The company will subdivide, build to suit or ground lease the property. Area demographics include a population of 22,530 within a 30-minute drive time earning $57,857 as the average household income. For more information, contact Keely Polczynski, CB Richard Ellis; 312-861-7870; Email: kpol@cbre.com. Falcon Development is looking to acquire land adjacent to Wal*Mart Supercenter locations for retail development. For more information, contact Matthew Falconer, Falcon Development; Email: mjf@falcondevelopment.net. D6 Development, LLC is selling a 10,414 sq.ft. Learning Experience location on Route 9 in Berkeley, NJ for $3.5 million at a Cap rate of 7.25%. The company is looking for acquisition opportunities. The criteria includes GLAs between 40,000 sq.ft. to 300,000 sq.ft. or land with approvals in place. For more information, contact Jon Mills, D6 Development, LLC, 42 Okner Parkway, Livingston, NJ 07039; 973-422-0145, Fax 201-701-0405; Email: jmills@dgre.com. Fidelity-AMG Retail Partners, LLC is looking to acquire grocery-anchored centers, community centers, power centers and single-retail sites throughout the Northeast, Mid-Atlantic and FL. The company prefers existing sites, redevelopment projects and land for retail development for outright purchase, joint ventures, forward purchase and sale-leasebacks. For more information, contact Louis P. Lagios, Fidelity-AMG Realty Partners, LLC, 641 Shunpike Road, Chatham, NJ 07928; 973-966-2800, Fax 973-966-6161; Web site: www.fidelityland.com. Hoff Realtors is looking to acquire large class A or B retail centers, with stable tenants, priced at $15 million and located in northeastern Chicago, IL and surrounding counties. For more information, contact Ron Stewart, Hoff Realtors; 708-870-2920. Capmark is looking to acquire class A or B multi-family, office, industrial and retail properties with GLAs of at least 100,000 sq.ft. For more information, contact John Fett, Capmark, 1410 Rocky Ridge Road, Suite 170, Roseville, CA 95677; 916-784-6648; Email: john.fett@capmark.com. Percival McGuire Commercial Real Estate is selling a 52,000 sq.ft. strip center in Spencer, NC for $2.85 million. Area demographics include a population of 42,767 within five miles earning $50,053 as the average household income. Family Dollar anchors the site. For more information, contact Kent Wood, Percival McGuire Commercial Real Estate, 301 South McDowell Street, Suite 1200, Charlotte, NC 28202; 704-632-1015; Email: kwood@pmcre.com; Web site: www.pmcre.com. Capital Commercial Partners is selling a 149,902 sq.ft. shopping center located in Hurricane, WV for $7.948 million at a Cap rate of 8.35%. The center is anchored by Big Lots, Dollar General, Goodwill and Mattress Warehouse. Area retail includes Home Depot. Area demographics include a population within one mile earning $75,000 as the average household income. The average daily traffic count is 147,500 vehicles. The center has a net operating income of $663,827. For more information, contact Richard I. Geisenfeld, Capital Commercial Partners, PO Box, 366, Dayton, OH 45409; 937-367-6656, Fax 937-353-4073; Email: rgeisenfeld@nnn1.com; Web site: www.nnn1.com. The Royston Group is selling a CVS location in Washington Court House, OH for $2.6 million. The store has a NNN lease with 12 years remaining. For more information, contact Rob Sutton, The Royston Group, 1299 Ocean Avenue, Suite 316, Santa Monica, CA 90401-1054; 310-451-2100, Fax 310-395-3557; Email: rsutton@theroystongroup.com; Web site: www.theroystongroup.com. Rivercrest Realty Investors is looking to acquire retail centers located east of the Mississippi River priced at a minimum of $5 million. The centers should be grocery-anchored or shadow-anchored and have 30,000 sq.ft. of shop space available. For more information, contact Stan Werb, Rivercrest Realty
Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-846-4046, Fax
919-424-0001; Email: Colliers Arnold Commercial Real Estate Services sold The Shoppes at Paddle Creek located on Gladiolus Drive in Ft. Myers, FL to Gladiolus Ventures, LLC for $4.4 million. Area retail includes Publix and Sweetbay. For more information, contact Colliers Arnold Commercial Real Estate Services, 12730 New Brittany Boulevard, Suite 300, Ft. Myers, FL 33907; 239-418-0300. Coldwell Banker Commercial NRT is looking to acquire shopping centers in FL of any size. For more information, contact Allan Cohen, Coldwell Banker Commercial; 305-215-3668, Fax 954-454-7216; Email: allan.cohen@coldwellbanker.com. The Midtown Niki Group is looking to acquire NNN, single-tenant, 90% occupied freestanding properties nationwide priced between $1 million to $100 million. For more information, contact The Midtown Niki Group, 3655 Nobel Drive, Suite 650, San Diego, CA 92122; 858-546-0033, Fax 858-546-0034. Calkain Realty Advisors is looking to acquire NNN properties located throughout the Southeast, Southwest, Midwest and West Coast priced between $3 million and $30 million with Cap rates of at least 7%. For more information, contact David Sobelman, Calkain Realty Advisors, 1408 North West Shore Boulevard, Suite 616, Tampa, FL 33607; 813-282-6000, Fax 813-282-6098; Email: dsobelman@calkain.com. Millennium Properties, Inc. is selling a Wal*Mart
Supercenter-anchored outlot in Creston, IA. A 14,000 sq.ft. center can be built
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. Allegro Realty Advisors, Ltd. is looking to acquire unsubordinated ground leases nationwide priced between $400,000 and $800,000. The properties should have 10 years or more remaining on the primary term and be occupied by a credit tenant or have a corporate guarantee. For more information, contact Jon Vanderplough, Allegro Realty Advisors, Ltd., 8111 Rockside Road, Suite 250, Cleveland, OH 44125; 216-524-0710 Ext. 119, Fax 216-524-0711; Email: jvanderplough@allegrorealty.com; Web site: www.allegrorealty.com. Himmelfarb Commercial, LLC is selling a 1.2-acre ground lease or build-to-suit property on Midlothian Turnpike in Richmond, VA. Area demographics include a population of 60,000 within three miles. The average daily traffic count is 58,000 vehicles. For more information, contact Kevin Buerger, Himmelfarb Commercial, LLC, 5217 Wisconsin Avenue Northwest, Suite 206, Washington, DC 20015; 202-595-9700, Fax 202-237-7106; Email: kevin@himmelco.com. Eden Property Co. is looking to acquire one- to 15-acre parcels of land within a 200-mile radius of New York, NY and Pittsburgh, PA. For more information, contact Dennis Cieri, Ed Jaten or Tom
Tourso, Eden Property Co., 6 Park Avenue, Rutherford, NJ 07070; 201-804-7744,
Fax 201-804-2707; Emails: dcieri@edenpropertycompany.com, Brytar Cos. is looking to acquire strip and power center development sites in the Southwest of one acre to 30 acres for between $50 million and $75 million. For more information, contact Whit Jordan, Brytar Cos., 8235
Douglas Avenue, Suite 150, Dallas, TX 75225; Email: NAI Houston sold Mainhill Center, a 153,000 sq.ft. center located on South Main in Houston, TX. The center is anchored by the International Ballroom, a 43,000 sq.ft. entertainment venue. For more information, contact Laura Quinn, NAI Houston; 713-985-4635. Millco Investments is selling a 4,000 sq.ft. Bank of America on West Belmont Avenue in Chicago, IL. Area retailers include Burger King, Dominick’s, Pizza Hut, Subway, Walgreens and Washington Mutual. The asking price is $7.27 million with a 4.5% Cap rate. For more information, contact Robert Miller, Millco Investments, 19 South LaSalle Street, Suite 1000, Chicago, IL 60603; 312-377-7800, Fax 312-377-7898; Email: bobby@millcoinvestments.com. Karpoff Affiliates is looking to acquire pre-construction projects nationwide. The company can acquire up to 100% of a pre-construction project. For more information, contact Marilyn Karpoff, Karpoff Affiliates; 212-358-8044; Email: mkarpoff@karpoffaffiliates.com. Fameco Real Estate negotiated the sale of a one-acre parcel located at the intersection of Broad Street and Clay Street in Newark, NJ for $1.5 million. The company represented the seller, YUM Brands, as well as DJM Realty. The site was formerly occupied by KFC. For more information, contact Diane Weinberg, Fameco Real Estate; 610-834-8000. J. Chiccola Realty is looking to acquire retail centers for more than $5 million at Cap rates of 8.5%. The centers should be more than 80% occupied. In addition, the company is looking to acquire franchised restaurants priced under $2 million with Cap rates of more than 7.5%. For more information, contact Bill Hsu, J. Chiccola Realty; 330-896-7677; Email: billhsu@myepath.com. JD Murphy Commercial Real Estate is selling its portfolio of Dollar General stores in LA at a Cap rate of 8.25%. For more information, contact John D. Murphy, JD Murphy
Commercial Real Estate; 251-968-3585, Fax 251-968-8285; Email: john@jd-murphy.com;
Web site: The Bradco Cos. is selling a 9.62-acre property on Bear Valley Road in Victorville, CA for $2.6 million. For more information, contact JudyAnn Beswick, The Bradco
Cos., PO Box Ruggiero Development Group is selling a 2.44-acre site in Gloucester, NJ approved for 15,653 sq.ft. The site is located across from a Super Wawa. For more information, contact Louis J. Stackeni, Ruggiero Development Group, 1786 Wilmington Pike, Suite 300, Glen Mills, PA 19342; 484-843-4814, Fax 610-459-4151; Email: lstackeni@rdgllc.com. American Financial Realty Trust is looking to acquire bank branches nationwide. To date, the company has acquired more than 3.5 million sq.ft. of property and more than 700 branches in more than 300 markets nationwide. For more information, contact Jarrett T. Wells, American Financial Realty Trust; 215-887-2280, Fax 215-884-9681; Email: jwells@afrt.com; Web site: www.afrt.com. ARC Properties, Inc. is looking to acquire properties of one acre to 200 acres throughout NJ, NY and PA. For more information, contact ARC Properties, Inc., 1401 Broad Street, Clifton, NJ; 973-249-1000, Fax 973-249-1001; Web site: www.arcproperties.com. Bob Bassel Realties, Inc. is looking to acquire office, commercial, industrial or net-leased properties. The company requires at least a 15-year lease term and will also consider land lease investments. For more information, contact Bob Bassel, Bob Bassel Realties, Inc., 1312 St. Catherine Street West, Suite 318, Montreal, Quebec, CN H3G 1P6; 514-871-9414, Fax 514-871-9506; Email: info@bobbassel.com. Rushing Real Estate, Inc. is representing a client looking to acquire shopping centers priced between $5 million and $100 million at Cap rates of at least 6.5%. Sites should have at least one national anchor tenant. For more information, contact Lorene F. McMurrin, Rushing Real Estate, 3110 25th Street, Salem, OR 97302; 503-588-8500, Fax 503-588-8744; Email: lorene@rushinggroup.com. Blue Ridge Capital, LLC is looking to acquire value-added or high yield retail redevelopment opportunities in the Southeast. For more information, contact Eric Wilensky or Fritz McPhail, Blue Ridge Capital, LLC, 340 East Paces Ferry Road, Atlanta, GA 30305; 404-364-9094, Fax 404-364-9095. Cohen & Co., Inc. Real Estate is selling Plaza 12 Shopping Center, a 61,000 sq.ft. center located in Carteret, NJ. The site is 95.5% leased and has a net operating income of $750,000. Anchors include Walgreens, Blockbuster Video, AutoZone and McDonald’s. For more information, contact Helen Putterman, Cohen & Co., Inc. Real Estate, 9 East 40th Street, New York, NY 10016; 212-679-1222, Fax 212-679-1533; Email: putterman@cohenco.com. The Triad Real Estate Group represented the buyer and seller in the $2.75 million sale of 61 Braintree Street in Boston, MA. For more information, contact Gary S. Rothkopf, The Triad Real Estate Group, 56 Kearney Road, Needham, MA 02494; 781-455-9007, Fax 781-455-9004. McCollom Realty, Ltd. acquired a former Wal*Mart location on East Washington Street in Winchester, IN. The company signed a lease with Orscheln Farm and Home, which is opening at the 54,920 sq.ft. site this spring. For more information, contact Terry McCollom or Katie Fegan, McCollom Realty, Ltd., 1010 Lake Street, Oak Park, IL 60301; 708-383-6450 or 708-373-0222. Peninsula Investment Real Estate Brokerage is selling a mixed-use center in Tustin, CA, as well as a site in Huntington Beach, CA shadow-anchored by Wal*Mart. The Huntington Beach center has four tenants with NNN leases and is selling at a Cap rate of 6.22%. For more information, contact Allen Dehnke, Ken Pratt or Stan Bailey, Peninsula Investment Real Estate Brokerage, 17871 Mitchell, Suite 100, Irvine, CA 92614; 949-261-9181, 949-263-2682 or 949-263-2695. Kay Realty Services, LLC is looking to acquire grocery-anchored sites throughout NJ and eastern PA priced around $5 million at Cap rates of 8%. The company prefers vacant supermarket sites with additional land. For more information, contact William Klein, Kay Realty Services, LLC, 1602 Lawrence Avenue, Suite 104, Ocean, NJ 07712; 732-918-1146. Baumgard Development Corp. is looking to acquire shopping centers and land in FL, NC, SC and eastern TN with GLAs of 30,000 sq.ft. to 50,000 sq.ft., or 100,000 sq.ft. for grocery-anchored sites. The properties must be on major through streets or avenues. For more information, contact Daniel Baumgard, Baumgard Development Corp.; 305-661-0110. The Rappaport Cos. acquired Pointer Ridge Plaza, a 72,189 sq.ft. neighborhood shopping center located on Pointer Ridge Drive in Bowie, MD. The center is anchored by Giant Foods and CVS. The company plans to upgrade the center. For more information, contact Sheryl H. Simeck, The Rappaport Cos., 8405 Greensboro Drive, Suite 830, McLean, VA 22102-5121; 571-382-1280, Fax 571-382-1210; Email: ssimeck@rappaportco.com; Web site: www.rappaportco.com. RJS Realty completed the sale of the North Palm Marketplace, an adjacent office building and a 3.2-acre lot to CFO2 Palm Beach III L.P. for $55.59 million. The 100,621 sq.ft. shopping center occupies a 10.64-acre parcel in Palm Beach Gardens, FL. The office building is 93,662 sq.ft. RJS represented the seller, Wolfchase Associates, LLC. For more information, contact RJS Realty Group, Inc., 222 Lakeview Avenue, Suite 500, West Palm Beach, FL 33401; 561-659-9771, Fax 561-659-9773; Web site: www.rjsrealty.com. Sperry Van Ness is selling portions of Placentia Plaza located on West Chapman Avenue in Placentia, CA. Portion one includes 9,000 sq.ft. of rentable space and has an asking price of $2.23 million and a Cap rate of 6%. Portion two includes 9,500 sq.ft. of rentable space and has a $2.828 million price tag at a Cap rate of 6%. The company is also selling Silverton Plaza, an 88,145 sq.ft. shopping center sitting on 11.79 acres in Silverton, OR. List price is $13.82 million for the site, which is anchored by Safeway and Rite Aid. The company is also selling pad sites at the East College Retail Center in Carson City, NV near a Wal*Mart. For more information on Placentia Plaza, contact Brad Umansky, Sperry Van Ness, 800 North Haven Avenue, Suite 100, Ontario, CA 91764; 909-466-2500 or Mehran Foroughi, Sperry Van Ness, 18881 Von Karman Avenue, 8th Floor, Irvine, CA 92612; 949-250-4100. For additional information pertaining to Silverton Plaza, contact Don Ellwanger, Sperry Van Ness, 1832 Tribute Road, Suite 208, Sacramento, CA 95815; 916-456-8389. For more information on East College Retail Center, contact Lyle Chamberlain, Sperry Van Ness, 311 Up North Carson Street, Carson City, NV 89701; 775-883-3936 Ext. 21; Email: lyle.chamberlain@svn.com. Capital Pacific is selling Lone Star Pavillion, an 18,652 sq.ft. strip center in Grapevine, TX. Asking price is $7.195 million with a Cap rate of 7.75%. The company is also selling the 6,335 sq.ft. Arch 99 Marketplace in Stockton, CA. Asking price is $3.97 million with a Cap rate of 5.9%. The company is also selling the Grocery Outlet Shopping Center sitting on 3.42 acres in Fresno, CA. The 32,440 sq.ft. center has an asking price of $5.39 million with a Cap rate of 7%. The company is selling ground lease rights to a Kids "R" Us on 1.96 acres as well as an interest in 18,310 sq.ft. of adjacent shop space in Phoenix, AZ. The property is priced at $8.06 million with a Cap rate of 6.07%. For more information on Lone Star Pavillion, contact Chris
Kostanecki; 415-274-2701; Email: ckostanecki@capitalpacific.com, Zeb Ripple;
415-274-2702; Email: zripple@capitalpacific.com or Chris Peters; 415-274-2703;
Email: cpeters@capitalpacific.com. For additional information on Arch 99
Marketplace, contact Chris Kostanecki, Zeb Ripple, Chris Colliers Tingey is selling a 6.1-acre parcel in Fresno, CA bordering three streets and located near Costco and Winco. Asking price is $2.4 million. For more information, contact Steve Rontell, Colliers Tingey, 7485 North Palm Avenue, Suite 110, Fresno, CA 93711; 559-221-1271 Ext. 445, Fax 559-222-8744; Email: srontell@tingey.com; Web site: www.colliers.com/fresno. Meacham/Oppenheimer, Inc. is selling a two-acre
infill parcel in San Jose, CA. The price has not been set. The company is also
selling a 1.86-acre site in Fremont, CA where plans call for a 23,878 sq.ft.
shopping center. The asking price is For more information, contact Keon Vossoughi or David Taxin, Meacham/Oppenheimer, Inc., 2165 South Bascom Avenue, Suite D, Campbell, CA 95008; 408-378-5900, Fax 408-378-5903; Emails: keon@moinc.net and dtaxin@moinc.net; Web site: www.moinc.net. |