Buyers & Sellers
[ Home ] [ Up ] [ Home-Related Retailers Expanding Nationwide ] [ Who's Opening & Where ] [ New Construction ] [ Buyers & Sellers ] [ Real Estate Professionals Making the News ] [ Convenience Stores Expanding Nationwide ] [ Lead Sheet ] [ Exclusives ] [ Sources of Financing ] [ Space Place ]

 

Buyers & Sellers

Adams Nelson & Associates facilitated the sale of the former Western Steer Steak House, a 10,000 sq.ft. building located on US Route 522-North Frederick Pike in Frederick County, VA. The company represented the purchaser in the transaction.

For more information, contact Mike Silek, The Adams Cos., Adams-Nelson & Associates, 303 South Loudoun Street, Winchester, VA 22601; 540-667-2424, Fax 540-667-2441; Web site: www.adamscompanies.com.

Arroyo & Coates is marketing a 15,120 sq.ft. Walgreens at 2105 East Wellesley Avenue and Crestline Street in Spokane, WA. The asking price is $4.65 million with a Cap rate of 8%. The property includes a drive-thru pharmacy and the annual rent is $372,000.

For more information, contact Paul Souza, Arroyo & Coates, 500 Washington Street, Suite 700, San Francisco, CA 94111; 415-445-7800, Fax 415-677-0967; Email: psouza@a-c.com.

Commercial Net Lease is selling an OfficeMax in the Orlando, FL area for $3,474,150 with a Cap rate of 8.98% and a 15-year NNN lease.

For more information, contact Jennifer Ryan, Commercial Net Lease, 450 South Orange Avenue, Suite 900, Orlando, FL 32801; 407-650-1000, Fax 407-650-1046; Web site: www.nnn1031.com.

Divaris Real Estate, Inc. represented Colonial Foods Real Estate LLC, in the sale of 0.72 acres and a former Pizza Hut Building to G.H.K. Development for $381,000. The property is located at 8609 Tidewater Drive in Norfolk, VA. The company also represented John Hancock Life Insurance Co. in the sale of the 160,000 sq.ft. Robert Hall Village Shopping Center to E & S Co. The center is located at 3535 Airline Boulevard in Portsmouth, VA.

For more information, contact Kim Soniak, Divaris Real Estate, Inc., One Columbus Center, Suite 700, Virginia Beach, VA 23462; 757-333-4342, Fax 757-497-1338; Email: ksoniak@divaris.com.

Discovery Realty Advisors, Inc. is selling a 15,120 sq.ft. Walgreens in Pascagoula, MS for $4,166,448 with a Cap rate of 8.25%.

For more information, contact Ray Kreger, Discovery Realty Advisors, Inc.; 954-920-3950, Fax 954-920-4415; Email: rk@discoveryrealty.com.

The Boulder Group is marketing several single tenant net leased properties nationwide. The tenants include Walgreens, CVS, Eckerd and Hollywood Video.

For more information, contact Randy Blankstein, The Boulder Group, 1945 Techny, Suite 6, Northbrook, IL 60062; 847-562-0003, Fax 847-589-1217; Email: RB@1031properties.com.

Net Leased Investment Co. is selling a 7-11 in FL next to Lowe’s Home Improvement. The asking price is $2.45 million with a Cap rate of 8.25%. The building occupies a space of 3,000 sq.ft. with an 18-year NNN lease. The lease commenced in February 2001.

For more information, contact Bob Fraser, Net Leased Investment Co, 103 Blue Creek Drive, Winter Springs, FL 32708; 407-977-2448, Fax 407-977-0775; Email: bobfraser@netleased.com; Web site: www.netleased.com.

Cohen & Co., Inc. is selling a 150,000 sq.ft. shopping center in New England for $20.5 million with a Cap rate of 10%. The center is anchored by Christmas Tree Shops.

For more information, contact Vera Thomas, Cohen & Co., Inc., 212-803-5771, Fax 212-679-1533.

Grubb & Ellis Co. is selling a 25-acre parcel located at the intersection of Ledo Road and Grand Island Drive in Albany, GA for $150,000 per acre. The site is located across from a 1.2 million sq.ft. mall and has big-box potential.

For more information, contact Grubb & Ellis Co., 3333 Peachtree Road, Third Floor, Atlanta, GA 30326; 770-552-2400, Fax 770-552-2401.

Marcus and Millichap is selling a freestanding Walgreens in AL for $3.685 million.

For more information, contact Chris Kostanecki, Marcus and Millichap, 750 Battery, San Francisco, CA; 415-391-9220.

Mid-Atlantic Realty Trust acquired the Greenbrier Shopping Center, a 115,000 sq.ft. center, for $25 million. The center is located at the intersection of Route 22 and Brierhill Drive in Hartford County, MD and is anchored by a 55,000 sq.ft. Safeway. The center is cotenanted by CVS, Applebee’s, Radio Shack, Holiday Hair and Blockbuster.

For more information, contact F. Patrick Hughes, Mid-Atlantic Realty Trust, 170 West Ridgely Road, Suite 300, Lutherville, MD 21093; 410-684-2000.

Upland Realty Group sold an 11,600 sq.ft. KinderCare Learning Center in Roseville, CA for $2.5 million and a 10,908 sq.ft. Eckerd drugstore in Yukon, OK for $3.5 million.

For more information, contact Brier E. Swing, Upland Real Estate, Inc., 301 Fourth Avenue, Minneapolis, MN 55415; 612-335-9366, Fax 612-376-4489.