|
Buyers & Sellers
|
|
|
Buyers & Sellers The Goldstein Group is selling a land area of 5.93 acres on the Paterson-Hamburg Turnpike in Wayne, NJ. The site has an average daily traffic count of 20,000 vehicles. Area retail includes Stop & Shop, Macy’s, Blockbuster Video, Cost Cutters, Radio Shack, Wendy’s, CVS, Starbucks and Burger King. Area demographics include a population of 195,156 within five miles earning $106,701 as the average household income. The center is adjacent to a 160-unit luxury townhouse development. For more information, contact Lew Finklestein or Chuck Lanyard, The Goldstein Group, Glen Rock Plaza, 266 Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700, Fax 201-703-9678; Emails: lfinklestein@thegoldsteingroup.com and clanyard@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
Century 21 Worden & Green is selling a land area of 2.5 acres on Route 206 in Hillsborough, NJ for $2.6 million. For more information, contact Anita Singh, Century 21 Worden & Green, 256 Route 206, Hillsborough, NJ 08844; 908-874-4700 Ext. 273, Fax 908-874-6024; Email: anitasingh@century21.com.
SCI Real Estate Investments acquired Country Village Shopping Center located in Rancho Cucamonga, CA for $16.852 million with a Cap rate of 6.07%. The 88,839 sq.ft. center is currently 98% occupied and is anchored by Stater Bros., Bank of America and Carl’s Jr. For more information, contact SCI Real Estate Investments, 11620 Wilshire Boulevard, Suite 300, Los Angeles, CA 90025; 310-470-2600; Fax 310-470-6609; Email: abryan@sciproperties.com; Web site: www.sciproperties.com.
Inland Real Estate Sales, Inc. acquired the following centers throughout TN: The Columns in Jackson and Harvest Town Center in Knoxville. The company acquired The Columns for $20.8 million. The 173,587 sq.ft. center is anchored by a 30,000 sq.ft. Best Buy, a 28,000 sq.ft. Marshall’s, a 14,800 sq.ft. Old Navy, a 20,187 sq.ft. Ross Dress For Less, a 20,000 sq.ft. Bed Bath & Beyond and other national, regional and local tenants. The center is shadow-anchored by an 88,408 sq.ft. Kohl’s. The company acquired Harvest Town Center for $8.95 million. The 32,965 sq.ft. center is located on North Broadway Street and is tenanted by CVS, Taco Bell, Krispy Kreme and Ruby Tuesday. The company also acquired the Plaza at Riverlakes, a 102,836 sq.ft. center located in Bakersfield, CA for $17 million. The center is anchored by a 58,000 sq.ft. Ralph’s Grocery Store and is tenanted by Baja Fresh, Wells Fargo, UPS Store, Supercuts and State Farm. For more information, contact Inland Western Retail Real Estate Trust, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 630-218-8000 Ext. 4896; Web site: www.inlandgroup.com.
CB Richard Ellis, Inc. sold Conroe Outlet Center, a 282,053 sq.ft. center located on League Line Road in Conroe, TX. The center is currently 78.3% occupied and is tenanted by Liz Claiborne, NIKE, Levi’s, Guess, Tommy Hilfiger Clearance and Mikasa. For more information, contact Angela Burrows, CB Richard Ellis, Inc., 311 South Wacker Drive, Suite 400, Chicago, IL 60606; 312-935-1475, Fax 312-935-1880; Email: angela.burrows@cbre.com; Web site: www.cbre.com.
Commodore Realty, Inc. acquired Marietta Square Shopping Center located in Jacksonville, FL for $3.4 million from Derrick Interests. The deal was brokered by Spectrum Realty. For more information, contact David A. Puyanic, Commodore Realty, Inc., 30 West Mashta Drive, Suite 400, Key Biscayne, FL 33149; 305-365-2600, Fax 305-365-0800; Email: david@commodorerealty.com; Web site: www.commodorerealty.com.
Regency Centers acquired Gateway Shopping Center, a 221,840 sq.ft. center located at the intersection of North Swedesford Road and Valley Forge Road in Wayne, PA. The center is 100% leased and is anchored by a 24,000 sq.ft. Staples, a 28,000 sq.ft. T.J. Maxx and Trader Joe’s. Cotenants include JoAnn Fabrics, Dress Barn, Outback Steakhouse and Famous Footwear. For more information, contact Regency Centers, 121 West Forsyth Street, Suite 200, Jacksonville, FL 32202; 904-598-7000 or 800-950-6333, Fax 904-634-3428; Web site: www.regencycenters.com.
Upland Real Estate Group, Inc. sold the following three Advance Auto properties in FL, IA and WI: a 7,000 sq.ft. location in Pensacola, FL for $1.5 million; a 7,000 sq.ft. location in Dubuque, IA for $1.2 million and a 7,000 sq.ft. location in LaCrosse, WI for $1.3 million. For more information, contact Brier E. Swing, Upland Real Estate Group, 250 Marquette Avenue, Suite 575, Minneapolis, MN 55401-1872; 612-332-6600, Fax 612-376-4489; Email: brier@upland.com; Web site: www.upland.com.
Lamar Cos. acquired Tilghman Square Shopping Center, a 230,296 sq.ft. center located at the intersection of West Tilghman Street and Broadway Street in Allentown, PA. The center has spaces available of 1,000 sq.ft. to 15,441 sq.ft. For more information, contact Dana Hawkins, Lamar Cos., 365 South Street, Morristown, NJ 07960; 800-526-0762 Ext. 240 or 973-285-0660, Fax 973-285-0976; Email: danah@lamarco.com.
Richard Commercial Properties is selling a 15-acre parcel located at the intersection of Interstate 40 and Interstate 540 in Durham County, NC. The parcel is selling for $5 per sq.ft. or $217,800 per acre. For more information, contact David Richards, Richards Commercial Properties, 110 Horizon Drive, Suite 100, Raleigh, NC 27615; 919-846-2366, Fax 919-846-3906; Email: david@richardscommercial.com.
Retail Properties, Inc. is selling Dean’s Bridge Shopping Center, a 53,016 sq.ft. center located in Augusta, GA for $1.95 million. The center is situated on a land area of 6.65 acres. Tenants include Bi-Lo and Family Dollar. Area demographics include a population of 188,971 within seven miles earning $51,109 as the average household income. For more information, contact Tim Rowley or Tim Metzler, 1483 Tobias Gadson Boulevard, Suite 109, Charleston, SC 29407; 843-556-9442; Email: rowley@retail-properties.com and metz@retail-properties.com.
Grubb & Ellis Co. is selling the following centers: South Texas Plaza, a 26,891 sq.ft. center located at the intersection of South Bibb Avenue and Garrison Street in Eagle Pass, TX for $4.1 million with a Cap rate of 7.75%. The center is anchored by Dollar Tree and is tenanted by Hollywood Video, Radio Shack, Little Caesar’s Pizza, Armstrong McCall Beauty Supply and Check N Go; Oyster Creek Center, a 31,769 sq.ft. center located at the intersection of Oyster Creek Drive and State Highway 228 in Lake Jackson, TX for $3.58 million with a Cap rate of 9.24%. The center is tenanted by Applesway Restaurant and The Strawberry Patch; and Uvalde @ Woodforest Shopping Center, an 8,800 sq.ft. center located at the intersection of Woodforest Boulevard and Uvalde Road in Houston, TX for $2.34 million with a Cap rate of 7.75%. The center is anchored by EB Games, Little Caesar’s Pizza, Cash America and Cellmart/AT&T Wireless. For more information, contact Paula Foster, Grubb & Ellis Co., 1330 Post Oak Boulevard, Suite 1400, Houston, TX 77056; 713-599-5149, Fax 713-626-2288; Email: paula.foster@grubb-ellis.com; Web site: www.grubb-ellis.com
Robertson Properties Group acquired Monrovia Marketplace at 725-745 West Huntington Drive in Monrovia, CA. The four-acre site is currently leased to Comp USA and Office Depot. The property is easily accessed from the 210 Freeway and has freeway signage and visibility. For more information, contact Robertson Properties Group, 120 North Robertson Boulevard, Los Angeles, CA 90041; 310-652-3620.
|