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Buyers & Sellers
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Buyers & Sellers ComVest Group, Inc. is selling a parcel located along West Newberry Road in Gainesville, FL. Area retail includes CVS and two banks. For more information, contact Devin Pierson, ComVest Group,
Inc., 100 East Sybelia Avenue, Suite 105, Maitland, FL 32751; 407-331-6404, Fax
407-331-6605; TREC Investments is looking to acquire shopping centers in major metropolitan areas and their submarkets nationwide. Suitable centers will be anchored, un-anchored or shadow-anchored by regional or community shopping centers with GLAs above 25,000 sq.ft. The centers should be less than 10 years old, A or B+ quality with occupancy rates above 80% and debt free. For more information, contact Brian DiSalvo, TREC
Investments, 2801 North Tenaya Way, Las Vegas, NV 89128; 702-851-9008 Ext. 183,
Fax 212-602-0101; River Valley Realty is selling a divisible 60-acre parcel along Route 23 in Catskill, NY. The asking price is $4.9 million. For more information, contact Laura Stasinski or Marie
Dempsey, River Valley Realty; 518-622-0169, Fax 518-633-0183; Massell Commercial Real Estate is looking to acquire commercially zoned parcels in the Atlanta, GA metropolitan area. Suitable sites will be between one and five acres and located at a signaled intersection with high traffic counts. For more information, contact John Rosenberg, Massell
Commercial Real Estate, 6000 Lake Forrest Drive, Suite 375, Sandy Springs, GA
30328; 404-255-6810 Ext. 12; Newman Realty Group, Inc., on behalf of a client, is selling a 35,000 sq.ft. shopping center in southern FL. The sale price represents an 8% Cap rate. For more information, contact Ted Newman, Newman Realty
Group, Inc., 6632 Parkside Drive, Parkland, FL 33067; 954-753-2900, Fax
954-753-2775; Richardson Real Estate Group is selling a 100% leased, 20,000 sq.ft. neighborhood shopping center in Lexington, KY. Demographics include a population of 70,000 within a three-mile radius. The asking price is $650,000 and represents a Cap rate of 9%. For more information, contact David Richardson, Richardson
Real Estate Group; 859-983-1380, Fax 859-299-9183; Brytar Cos. disposed of two properties located in northern TX. BC Royal Crossing, located at the intersection of U.S. 75/Central Expressway and Royal Lane in Dallas, TX, was acquired by Westwood Financial Group. The 22,560 sq.ft. center includes Sleep Experts, Domino’s Pizza, Wing Stop, Mr. J’s Paint and Supply and BootCamp Xtreme as tenants. Frisco 121 Crossing, located at the intersection of State Highway 121 and Preston Road in Frisco, TX, was acquired by an investment group. The 17,180 sq.ft. center faces Stonebriar Mall and includes David’s Bridal, Mattress Pro and Tony Cao Salon. For more information, contact Scott Remphrey, Brytar Cos.,
8235 Douglas Avenue, Suite 950, Dallas, TX 75225; 214-360-1700; First Commercial Properties is selling a three-building portfolio located in the Denver, CO metropolitan area. The freestanding buildings occupy 1,148 sq.ft.; 1,800 sq.ft. and 6,300 sq.ft. on a 75,000 sq.ft. land parcel adjacent to Target. The smallest of the buildings features a drive-thru. Tenants have NNN leases. For more information, contact Bruce Linke, First Commercial Properties, PO
Box 270801, Littleton, CO 80127-0014; 303-973-5125, Fax 303-948-8698; CB Richard Ellis | Pittsburgh is selling a 7.96-acre parcel located along Dutilh Road in Cranberry Township, PA. Area retail includes Rite Aid, Verizon, Best Buy, Costco, Barnes & Noble, Dick’s Sporting Goods, Toys "R" Us, Home Depot, OfficeMax, Pier 1 Imports, Pep Boys, Wal*Mart Supercenter, Denny’s, Dunkin’ Donuts, Boston Market and Burger King. Demographics include a population of 60,134 within a five-mile radius earning an average household income of $107,734. The company is also selling a 0.84-acre parcel located at the intersection of Freeport Road and Landings Drive in Harmar Township, PA. The parcel is adjacent to KFC and area retail includes Bob Evans, Giant Eagle Express, National City Bank, McDonald’s and Denny’s. Demographics include a population of 89,359 within five miles earning an average household income of $66,925. The company is also selling a 2.66-acre parcel located along East State Street in Hermitage, PA. The property is occupied by a house, though it is suitable for commercial development. Area retail includes Shenango Valley Mall and Hermitage Square Shopping Center. Demographics include a population of 52,419 within a five-mile radius earning an average household income of $50,262. The average daily traffic count is 15,000 vehicles. The company is also selling a 4,800 sq.ft. freestanding building tenanted by a restaurant/sports bar and located along South Main Street in Slippery Rock, PA. A liquor license is included. Demographics include a population of 12,679 within a five-mile radius earning an average household income of $47,400. For more information regarding Cranberry Township, contact
Steven Esposito, CB Richard Ellis | Pittsburgh, US Steel Tower, 600 Grant
Street, Suite 1400, Pittsburgh, PA 15219; 412-394-9845, Fax 412-918-5638; For more information regarding Harmar Township, contact
Steven Esposito or Robert Gold; 412-316-2397; For more information regarding Hermitage and Slippery Rock,
contact Steven Esposito or Shelly Schatzman; 412-394-9826; Henry S. Miller Commercial, on behalf of a client, is looking to acquire anchored shopping centers nationwide. Suitable centers will be A or B class with GLAs above 50,000 sq.ft. For more information, contact Kent Arnold, Henry S. Miller Commercial, 5001
Spring Valley Road, Suite 1100W, Dallas, TX 75244; 972-419-4066, Fax
972-419-4099; |