Buyers & Sellers
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Buyers & Sellers

CB Richard Ellis is selling CDM Plaza, a 12,095 sq.ft. strip center located on DeKalb Medical Parkway in Atlanta, GA. The asking price is $2.7 million with a Cap rate of 7.6%. The center is shadow-anchored by Walgreens. Area demographics include a population of 148,561 within five miles.

For more information, contact Josh Randolph, CB Richard Ellis, 3340 Peachtree Road, Suite 1050, Atlanta, GA 30326; Web site: www.cbre.com.

Skyline Developers, LLC acquired a building located at the intersection of 30^th Avenue and Steinway Street in Astoria, NY for $22.5 million. The building, which was formerly a movie theater, is now occupied by Duane Reade, New York Sports Club and Washington Mutual Bank.

For more information, contact Skline Developers, LLC; 212-586-7522.

Featherstone Realty, Inc. is looking to acquire strip centers from Key West to West Palm, FL from $2 million to $15 million.

For more information, contact George E. Featerstone, Featherstone Realty, Inc., 4655 West Flagler Street, Miami, FL 33134; 305-442-2017, Fax 305-386-9229.

The Greenwich Group International, LLC and Sperry Van Ness/Vaaler Real Estate negotiated the $22.2 million sale of the Bellewood Commons Shopping Center, a 61,839 sq.ft. neighborhood shopping center located on Route 7 in Leesburg, VA. Neuman-Bellewood, LLC acquired the center from Minshall Stewart Properties. The center is 97% leased and tenanted by Citi Financial, Dunkin’ Donuts, Mail Boxes, Etc., Papa John’s Pizza and Starbucks.

For more information, contact Larry Baucom, Fred Moon or Peter Witham, The Greenwich Group International, LLC, 1700 North Moore Street, Suite 1805, Arlington, VA 22209; 703-525-8300, Fax 703-525-8303; Web site: www.greenwichgrp.com.

The Good Group is looking to acquire small retail strip centers throughout Orlando, Orange, Osceola and Seminole counties in FL for $2 million with Cap rates of 8% on behalf of a client.

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; Web site: www.thegoodgroup.com.

Stan Johnson Co. is selling a 7,000 sq.ft. building situated on 1.44 acres located on State Route 13 in Cortlandville, NY. The building is occupied by Advance Auto
Parts under a 10-year lease with two, five-year options and rent increases at the beginning of each option. The original term began on July 10, 2003. The asking price is $1.595 million.

For more information, contact Rod Pickney or Gill Warner, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690, Fax 918-494-2692; Email: rpickney@stanjohnsonco.com; Web site: www.stanjohnsonco.com/teamwarner.

Fursse & Hall Realty, Inc. is selling Evergreen Square, a 10,400 sq.ft. multi-tenant strip center located on Evergreen Way in
Everett, WA for $3.75 million with a Cap rate of 5%. Cotenants include Avis, Papa
John’s and Subway.

For more information, contact Keoni Fursse, Fursse & Hall Realty, Inc., 536 Westlake Avenue North, Seattle, WA 98109; 206-381-3838; Web site: www.fursse.com.

Zifkin Realty & Development, LLC is selling a 7,200 sq.ft. retail building located at the intersection of Western Avenue and 107^th Street in Chicago, IL. Space of 1,350 sq.ft. is available for lease and cotenants include Citi Financial, Quiznos and a doctor’s office. The average daily traffic count is 30,500 vehicles. Area demographics include a population of 522,931 within five miles earning $57,596 as the average household income.

For more information, contact Joe Esselman or Kevin J. List, Zifkin Realty & Development, LLC; 312-624-7778/7768; Emails: jesselman@zifkinrealty.com and klist@zifkinrealty.com.

Hanley Investment Group Real Estate Advisors negotiated the sale of a multi-tenant shopping center located at the intersection of Harbor Boulevard and Edinger Avenue in Fountain Valley, CA for $11.7 million at a Cap rate of 6.25%. The 41,500 sq.ft. center, situated on 3.95 acres, is 97% occupied and is tenanted by OC Auto Sound, Panda
Bowl, Sizzler and Subway. Amusement Industry, Inc. acquired the center from U.N.T. Atia Co.

For more information, contact Hanley Investment Group Real Estate Advisors, 2569 McCabe Way, Suite 100, Irvine, CA 92614; 949-585-7610, Fax 949-585-7611; Email: info@hanleyinvestment.com; Web site: www.hanleyinvestment.com.