Cornerstone Capital acquired $150 million worth of real estate in a sale and leaseback with Walgreen Co. The company also provided financing of $142 million with 7.13% pass-through certificates due 2027 backed by credit leases with Walgreen.

For more information, contact Andrew Kraus, Cornerstone Capital Corp., 6631 Commerce Parkway, Dublin, OH 43017; 614-761-3812; Web site: www.cornerstonecapitalcorp.com.

Sperry Van Ness is selling the following properties: The Arbor, a 71,350 sq.ft. center located at 4021 Far Hills Avenue in Kettering, OH. The center is 90% leased and has a pad site available. Tenants include MCL Cafeteria, Key Bank, Kettering Hospital and Champion Gym. Area demographics include a population of 81,612 within three miles earning $73,459 as the average household income; Salem Center, a 20,140 sq.ft. center located at 5256-5298 Salem Avenue in Trotwood, OH. The center is 93% leased and is across the street from a regional mall. The center also is adjacent to Lowe’s Home Improvement, Kmart and Wal*Mart. Area demographics include a population of 135,393 within three miles earning $47,396 as the average household income; and Northwest Center in Dayton, OH. The center is 100% leased and is tenanted by Hollywood Video, Wendel’s Shoe Store and Natural Health Foods. Area demographics include a population of 95,173 within three miles earning $39,836 as the average household income. The company also is selling Deptford Crossing Shopping Center, a 202,169 sq.ft. center located at 1800 Clements Bridge Road in Deptford, NJ for $20.5 million. The center is 88% leased and is tenanted by PetsMart, OfficeMax, T.J. Maxx, Marshalls, Michaels and JoAnn Fabrics.

For more information, contact Joseph C. French Jr., Sperry Van Ness, 50 Main Street, Suite 1000, White Plains, NY 10606; 914-682-6868, Fax 914-682-6867; Email: frenchj@svn.com.

The Hutensky Group is looking to acquire underperforming neighborhood, community and regional shopping center properties, as well as small-to-medium sized enclosed malls of 100,000 sq.ft. for $7 million and up. The company seeks to invest in more than $200 million of shopping centers with turnaround potential throughout the Northeast, Mid-Atlantic and Midwest, as well as locations east of the Mississippi River. The company will purchase all cash or assume existing debt, can close in 30 days or less and can close without financing.

Julius M. Feinblum Real Estate, Inc. is selling a former 23,040 sq.ft. Good’s Furniture located at 1734 North Olden Avenue in Ewing Township, NJ for $1.2 million. Area retail includes Park Plaza, which will include a Super Shop Rite, and Capital Plaza, which is tenanted by Fashion Bug, A.J. Wright, Advanced Auto, Forman Mills, Blockbuster Video and American Design Furniture. A Home Depot also is being developed less than half a mile from the location.

Coldwell Banker Commercial is selling a 60,000 sq.ft. center located at 8075 Oswego Road in Liverpool, NY for $3.9 million. The property is situated on a land area of 14 acres, has an NOI of $472,629 and is 82% occupied. Tenants include Arby’s, Monroe Muffler, Taco Bell and Pep Boys. An additional 12.5 acre vacant parcel of land is pre-approved for a 125,000 sq.ft. expansion for $300,000.

Mercury Properties is selling the former Coventry Plaza located on Route 3 in Coventry, RI for $3.5 million. The center is situated on a land area of 28.4 acres and has small shop space available, as well as a 21,466 sq.ft. former Almacs and a 52,571 sq.ft. former Kmart. Area demographics include a population of 69,141 within five miles earning $41,017 as the average household income.

Commercial New Lease Realty, Inc. is looking to acquire commercial properties and portfolios, net-leased to creditworthy tenants. The company can purchase at competitive rates, can close quickly and have guaranteed funding in place. The company prefers single-tenant net-leased properties, investment-grade, non-investment grade and non-rated tenants with lease terms ranging from five years to 25 years.

Acadia Realty Trust is looking to acquire properties and/or portfolios with stable cash flow or with moderate to high value-added potential for a minimum of $10 million. The company prefers in-fill areas in SMSA’s with a population greater than 100,000 in the eastern half of the U.S.