Buyers & Sellers
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Buyers & Sellers

McGuire Properties is selling a site located at the intersection of U.S. Highway 70 and Sweetwater Road in Hickory, NC. The site is situated on a land area of 14.49 acres and is selling for $235,000 per acre. Area retail includes Sam’s Club, Wal*Mart and Lowe’s Home Improvement. The site has an average daily traffic count of 20,000 vehicles. Area demographics include a population of 142,343 within 10 miles.

For more information, contact Jason Johnson, McGuire Properties, 212 South Tryon Street, Suite 1440, Charlotte, NC 28281; 828-322-8288; Email: jjohnson@mcguireproperties.com; Web site: www.mcguireproperties.com.

New Plan Excel Realty Trust, Inc. acquires neighborhood, community and power centers located in dominant retail corridors. The reit prefers anchored centers of 75,000 sq.ft. and up with 70% to 75% national credit tenants, properties in need of redevelopment and repositioning and retail portfolios.

For more information, contact Dean Bernstein, New Plan Excel Realty Trust, Inc., 1120 Avenue of the Americas, New York, NY 10036; 212-869-3000, Fax 212-869-3989; Email: dbernstein@newplan.com; Web site: www.newplanexcel.com.

Legend Properties, Inc. is selling a 3,179 sq.ft. restaurant located at 290 Main Street in Collegeville, PA for $950,000. Area demographics include a population of 81,369 within five miles earning $28,854 as the average household income.

For more information, contact Steven DePetris, Legend Properties, Inc., 1000 Crawford Place, Suite 103, Mount Laurel, NJ 08054; 856-231-1010, Fax 856-231-1111; Email: sdp@lpre.com.

Staubach Retail Services is selling a development site adjacent to a newly remodeled and expanded Target store at 12275 St. Charles Rock Road in Bridgeton, MO. The site is situated on a land area of 6.456 acres. The site has an average daily traffic count of 85,402 vehicles. Area demographics include a population of 323,292 within seven miles earning $68,432 as the average household income. The company also is selling a building formerly occupied by Target at Columbia Mall, a 706,525 sq.ft. mall located at 32nd Avenue South in Grand Forks, ND. The 119,629 sq.ft. store is situated on a land area of 10.225 acres. Area retail includes Wal*Mart, Barnes & Noble, Borders, Bed Bath & Beyond, Gordmans and Michaels.

For more information, contact Matt Friday, Staubach Retail Services, 45 South Seventh Street, Suite 2222, Minneapolis, MN 55402; 612-341-6765, Fax 612-341-6750; Email: matt.friday@staubach.com; Web site: www.staubach.com.

RealtiCorp. Commercial Investment Fund is selling Goldenrod, a center located at the intersection of East-West Expressway and Goldenrod Road in Orlando, FL. The center is situated on a land area of 20 acres. Area demographics include a population of 253,943 within five miles earning $53,389 as the average household income.

For more information, contact Robert Smith, RealtiCorp. Commercial Investment Fund, 258 Southhall Lane, Suite 130, Maitland, FL 32751; 407-475-9888, Fax 407-475-9889; Email: rsmith@realticorp.com.

Duke Realty Corp. is selling a land area of 19 acres located at the intersection of Meridian Parkway, Meridian Lake Drive and Route 59 in Aurora/Naperville, IL. Area retail includes Babies "R" Us, Zany Brainy, Golf Galaxy, Mattress Giant, Red Lobster, Jared Jewelers, PetsMart, Home Depot Expo, Target, Linens ‘n Things, Marshalls, Old Navy, Borders, Best Buy, Pier 1 Imports, Sport Mart and Meijer. Area demographics include a population of 206,458 within five miles earning $96,334 as the average household income.

For more information, contact Larry Myrvold, Duke Realty Corp., 600 East 96th Street, Suite 100, Indianapolis, IN 46240; 317-808-6173; Web site: www.dukerealty.com.

Atlantic Retail Properties is selling excess land of 1.5 acres owned by Target located on Fortune Boulevard in Milford, MA for $900,000. The site has an average daily traffic count of 86,500 vehicles. Area retail includes Target, Kohl’s, T.J. Maxx and HomeGoods. Area demographics include a population of 116,168 within seven miles earning $85,685 as the average household income.

For more information, contact Bryan Anderson, Atlantic Retail Properties, 11 Ray Avenue, Burlington, MA 01803; 781-472-3600, Fax 781-472-3650; Email: banderson@atlanticretail.com.

Trammell Crow Co. is selling Stanford Station, an 88,687 sq.ft. center located at the intersection of West 23rd Street and Stanford Station Drive in Panama City, FL for $6 million with a Cap rate of 9.48%. The center is anchored by Bruno’s Food World and is tenanted by TCBY, Bruno’s Food World Liquor, Little Ceasar’s and Dollar General. The site has an average daily traffic count of 28,000 vehicles. Area demographics include a population of 39,000 within three miles.

For more information, contact Whitney Knoll, Trammell Crow Co., Five Concourse Services, Suite 1600, Atlanta, GA 30328; 770-290-0750, Fax 770-290-0754; Email: wknoll@trammellcrow.com; Web site: www.trammellcrow.com.

Friedman Real Estate Group, Inc. is selling Grand Blanc, an 85,203 sq.ft. center located at Saginaw and Holly Roads in Grand Blanc, MI. The center is situated on a land area of 5.98 acres. Area demographics include a population of 265,797 within 10 miles earning $60,140 as the average household income. The site has an average daily traffic count of 16,319 vehicles.

For more information, contact David B. Friedman, 34975 West Twelve Mile Road, Suite 200, Farmington Hills, MI 48331; 248-324-2000; Email: david.friedman@freg.com; Web site: www.friedmanrealestate.com.

Skilken Properties is selling a CVS located at the intersection of Livingston and Barnett in Columbus, OH for $1.25 million with an interest rate of 9.875%. The NN lease is for 20 years. The site has an average daily traffic count of 78,563 vehicles. Area demographics include a population of 104,314 within three miles earning $48,354 as the average household income.

For more information, contact Skilken Properties, 4270 Morse Road, Columbus, OH 43230; 614-418-3100, Fax 614-418-3101.

Urstadt Biddle Properties, Inc. is looking to acquire neighborhood and community shopping centers between 20,000 sq.ft. to 200,000 sq.ft. for $2 million to $25 million. The company prefers to acquire sites anchored by supermarkets with 10% to 15% vacancy.

For more information, contact John C. Merritt, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-863-8211, Fax 203-861-6755; Web site: www.ubproperties.com.

Rein & Grossoehme represented BB Central, LLC in the sale of a 4,300 sq.ft. building occupied by Blue Burrito and Samurai Sam’s for $1.36 million. The building is located at the intersection of Central Avenue and Clarendon in Phoenix, AZ. The building was 100% occupied at closing.

For more information, contact Jerry Roberts, Rein & Grossoehme, 3900 East Camelback Road, Suite 408 North, Phoenix, AZ 85018; 602-954-0717, Fax 602-954-7001; Email: mail@high-yield.com; Web site: www.high-yield.com.

Glimcher Realty Trust sold Hills East Plaza, a 96,025 sq.ft. center located in Erie, PA for $2.3 million. The center includes a 77,000 sq.ft. vacant anchor location that was formerly occupied by Ames.

For more information, contact William G. Cornely, Glimcher Realty Trust, 20 South Third Street, Columbus, OH 43215; 614-621-9000, Fax 614-621-9311; Email: bcornely@glimcher.com Web site: www.glimcher.com.

Transwestern Commercial Services is selling Luna Crossing Retail Center located on the west side of U.S. 75 between Spring Creek Parkway and Parker Road in Plano, TX for $15 psf. The center is situated on a land area of 1.37 acres. The site has an average daily traffic count of 182,000 vehicles. Area demographics include a population of 387,564 within seven miles earning $80,708 as the average household income.

For more information, contact Whit Jordan, Transwestern Commercial Services, 5001 Spring Valley Road, Suite 600W, Dallas, TX 75244; 972-774-2500, Fax 972-991-4247; Email: whit_jordan@transwestern.net; Web site: www.transwestern.com.