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Buyers & Sellers
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Buyers & Sellers Recckio Real Estate and Development Inc. brokered the sale of a one-acre parcel to Tim Horton’s in Batavia NY. The site is located at the intersection of Main and Jefferson Streets and the seller was the City of Batavia. Tim Horton’s expects to open on the site by the end of the year. For more information contact Richard R. Recckio RecckioReal Estate and Development Inc. 5525 Oak Field Lane Williamsville NY 14221; 716-631-5555 Fax 716-632-6666; Web site: www.recckio.com.
Coldwell Banker Commercial/Nicholson-Williams Realty has the listing to sell a 103 000 sq.ft. center in Green Cove Springs FL. The asking price is $4.95 million. The company is also marketing a 7 300 sq.ft. former Pizza Hut location in Palm Coast FL. The asking price is $1.2 million. For more information contact Judy Barnes Coldwell Banker Commercial/Nicholson-Williams Realty One Corporate Plaza Suite 1-N Palm Cove FL 32137; 386-447-4944 Fax 386-447-4966; Email: jbarnes@pcfl.net.
Net-Properties.com brokered the sale of four net leased properties structured to meet 1031 tax deferred exchange requirements. The properties involved included a Blockbuster Video location in Milton FL; a Dollar General store in Benton KY; a Family Dollar in Dyersburg TN and a Mattress Giant in Lakeland FL. For more information contact Blair Rinnier Net-Properties.com 410-749-8980; Email: blair@net-properties.com.
Mid-America Real Estate Group brokered the sale of the 122 843 sq.ft. Northwest Fashion Square in Milwaukee WI. The center is located at the intersection of Brown Deer Road and 76th Street and is anchored Stein Mart MARS The Musician’s Planet JoAnn Fabrics and David’s Bridal. The seller was Heitman Capital Management. For more information contact Stan Nitzberg Mid-America Real Estate Group Two Mid-America Plaza Third Floor Oakbrook Terrace IL 60181; 630-954-7300.
Weaver Realty Group/RealSource brokered the sale of a 22 000 sq.ft. former skating rink in Jacksonville Beach FL. The building is situated on 80 000 sq.ft. of land located on Beach Boulevard and the transaction price was $1.2 million. The buyer plans to convert the building for retail uses. For more information contact W. Frost Weaver Weaver Realty Group/RealSource 7400 Baymeadows Way Jacksonville FL 32256-6837; 904-733-0039; Web site: www.realsource.com.
First Allied Corporation acquired the Allen Central Market in Dallas TX. The center is located at the intersection of Interstate 75 and McDermott Drive and is anchored by Target and Home Depot. Other tenants include Chili’s Radio Shack Verizon Re/Max Chuck E. Cheese Subway and Mattress Firm. The company also acquired the Shops at Super Kmart Shopping Center in Norfolk VA. The center is located at the intersection of Military Highway and Norview Avenue and is anchored by Super Kmart Blockbuster Video Subway Norfolk Pediatrics and Dollar Tree. The company acquired the 78 000 sq.ft. Star Plaza in Houston TX. The center is located adjacent to the Lyndon B. Johnson Space Center and the transaction price was $7.8 million. The center is anchored by Petco AutoZone Pizza Hut and Hollywood Video. The company also acquired the 75 000 sq.ft. Fairfax Junction Shopping Center in Fairfax VA. The center is located at the intersection of Routes 29 and 50 and is anchored by Office Depot CVS Washington Sport and Health and Pearle Vision. The transaction price was $11.1 million. The company acquired the 76 000 sq.ft. University Square Shopping Center in San Antonio TX. The center is located at the intersection of Interstate 10 and DeZavala Road and is anchored by Bassett Furniture Gateway Computers Sprint PCS Maytag and Washington Mutual. The transaction price was $12 687 500. For more information contact Michael Nagi First Allied Corporation 680 Fifth Avenue Suite 1602 New York NY 10019; 212-586-5150 Fax 212-586-5152.
Szabo-Kraft brokered the sale of the 220 000 sq.ft. Roseville Square in Roseville CA. The center is located at the intersection of Harding and Douglas Boulevards and is anchored by Trader Joe’s Ross Sportmart and Price Less Drug Store. The transaction price was more than $25 million and the buyer was Gus Gianulias.For more information contact Brian Kraft Szabo-Kraft 525 Morse Avenue Sacramento CA 95864-4958; 916-487-8000.
Terranova Corporation brokered the sale of the 120 101 sq.ft. Parkhill Plaza in Miami FL. The center is located on West Flagler Street and is anchored by Winn-Dixie Bank of America McDonald’s and Denny’s. The company also brokered the sale of the 96 918 sq.ft. Palm Plaza in Miami Lakes FL. The center is located on Northwest 67th Avenue. The combined transaction price was $12.7 million. For more information contact Paul Ahmed Terranova Corporation 1200 Brickell Avenue Suite 1500 Miami FL 33131-3257; 305-358-8700 Fax 305-374-7529.
Advantis Real Estate Services Company brokered the sale of the 40 000 sq.ft. Mount Pleasent Village Shopping Center in Chesapeake VA. The center is located at the intersection of Centerville Turnpike and Mount Pleasent Road and is anchored by a karate studio Family Dollar a Chinese restaurant and a nail salon. The transaction price was $1.95 million. For more information contact Bill Overman Adavntis Real Estate Services Company 101 West Main Street Suite 900 Norfolk VA 23510-1687; 757-627-0661 Fax 757-627-1901.
Winick Realty Group has the listing to sell a 10-acre parcel in Yorktown Heights NY. The site is located at the intersection of Crompond Road and Stony Street and has over 900 feet of frontage on Crompond Road (Route 202). The site is one-eighth of a mile from Taconic State Parkway and has an average daily traffic count of 22 000 cars. The asking price is $4.85 million. Area demographics include a population of 81 237 residing in five-mile radius earning an average annual household income of $102 093. For more information contact Peter Koestenblatt or Darrell J. Rubens Winick Realty Group 655 Third Avenue Eighth Floor New York NY 10017; 212-792-2600 Fax 212-792-2660. |