|
Buyers & Sellers
|
|
|
Buyers & Sellers Colliers International sold Mission Village, a 32,116 sq.ft. shopping center in Wentachee, WA for $6.2 million. Triple C acquired the property from Mission Plaza, LLC. For more information, contact Paul Sleeth, Billy Sleeth or Andrew Coates, Colliers International, 601 Union Street, Suite 5300, Seattle, WA 98101-4045; 206-233-1266/654-0522/223-1444; Emails: paul.sleeth@colliers.com, billy.sleeth@colliers.com and andrew.coates@colliers.com.
Illustrated Properties is looking to acquire shopping centers and office buildings with GLAs of at least 50,000 sq.ft. in the Southeast and Midwest with asking prices from $10 million to $30 million. Potential shopping center acquisitions should not be more than 50% occupied by a single tenant. For more information, contact Peter Kernan, Illustrated Properties, 5500 Military Trail, Jupiter, FL 33458; 561-400-3535, Fax 561-626-5572; Email: petekernan@earthlink.net.
Ruggiero Development Group is selling a 60-acre property in DE on Route 113 for $15.5 million. The property includes 354,000 sq.ft. of retail space and seven pad sites. Nearby draws include 2,100 rooftop single-family and adult communities. For more information, contact Louis J. Stackeni, Ruggiero Development Group, 1786 Wilmington Pike, Suite 300, Glen Mills, PA 19342; 484-843-4814, Fax 610-459-4151; Email: lstackeni@rdgllc.com; Web sites: www.rdgllc.com, www.tropeacommunities.com and www.homesofpennsylvania.com.
Uniwest Commercial Realty, Inc. represented Pike Shopping Center, LP in the sale of The Pike Shopping Center for $47.25 million to JBG/Pike Center, LLC. The 75,000 sq.ft. center is fully leased and located in Rockville, MD. For more information, contact Neil J. Simon, Uniwest Commercial Realty, Inc., 2900 Telestar Court, Falls Church, VA 22042; 703-698-4040, Fax 703-560-3073.
JD-Murphy Commercial Real Estate is selling a Dollar General location on North Louisiana Street in Plain Dealings, LA for $901,818 at an 8.25% Cap rate. The lease term is for 10 years with five, five-year options and 10% increases at each option. For more information, contact John D. Murphy, III, JD-Murphy Commercial Real Estate; 251-968-3585, Fax 251-968-8285; Email: john@jd-murphy.com; Web site: www.jd-murphy.com.
Calkain Realty Advisors, Inc. represented Bluemont Daycare Partners, LLC in the NNN $2.97 million sale of Bluemont Crossing Center to a private investor in a 1031 exchange. The 10,815 sq.ft. property is located on Courthouse Road in Fredericksburg, VA. For more information, contact Jonathan W. Hipp, Calkain Realty Advisors, Inc.; 703-787-4725; Email: jhipp@calkain.com.
Marcus & Millichap is selling a Burger King and Shell Station in Cambridge City, IN on Interstate 70 for $1.421 million. For more information, contact Jordan Klink, Marcus & Millichap, 900 East 96th Street, Suite 150, Indianapolis, IN 46240; 317-218-5316, Fax 317-218-5310; Email: jklink@marcusmillichap.com.
Henzlik-Oliver Real Estate Cos., LLC acquired property in Ft. Scott, KS that will be the site of a new Walgreens. For more information, contact Tyler S. Oliver or Douglas L. Henzlik, Henzlik-Oliver Real Estate Cos., LLC, 13356 Metcalf, Overland Park, KS 66213; 913-438-9900, Fax 913-438-9994; Web site: www.henzlikoliver.com.
CB Richard Ellis is selling a Kohl’s location in Cookeville, TN for $3.55 million at a Cap rate of 5.75%. The 68,725 sq.ft. site is located on 8.9 acres at the Cookeville Marketplace on Interstate 40. The store is located across from Petco, Old Navy, T.J. Maxx, Sears, Belk, Goody’s and Bi-Lo. Area demographics include a trade-area population of 160,000. Area retailers include Ashley Furniture, CVS, Walgreens, Staples, Cingular, Wal*Mart, Sam Goody, Sally Beauty Supply, Hibbetts, Fashion Bug, Blockbuster Video, Hollywood Video, Hobby Lobby, Applebee’s, Cheddars, Rafferety’s, Logan’s Roadhouse, Steak N Shake, IHOP, O’Charley’s, Outback and Red Lobster. For more information, contact Chris Bosworth, Will Pike or Paul Gaither, CB Richard Ellis, 3340 Peachtree Road, Suite 1050, Tower 100, Altanta, GA 30326; 404-923-1486/1381, Fax 404-923-1241; Emails: chris.bosworth@cbre.com, will.pike@cbre.com and paul.gaither@cbre.com; Web site: www.cbre.com.
Arroyo & Coates is selling a 20-year NNN unsubordinated ground lease for $1.291 million at a 6% Cap. The 4,280 sq.ft. Denny’s restaurant is located in Atascocita, TX and is situated on a land area of 26,865 sq.ft. Area retailers include McDonalds, Panda Express, Burger King, Lowe’s Home Improvement, HEB and Wal*Mart Supercenter. Area demographics include a population of 89,364 within five miles earning $110,527 as the average household income. For more information, contact Eric Wilcox, Arroyo & Coates, 500 Washington Street, Suite 700, San Francisco, CA 94111; 415-445-7800, Fax 415-276-2360; Email: ewilcox@a-c.com; Web site: www.arroyocoates.com.
Coldwell Banker Village Communities Commercial Division is selling a Walgreens location in Miami, FL for $7.5 million at a Cap rate of 6.16%. The 14,820 sq.ft. store is situated on a land area of 1.37 acres. Rent commences this year. For more information, contact Bill R. Fritz, Coldwell Banker Village Communities Commercial Division, 2704 South Culberhouse Street, Suite A, Jonesboro, AR 72401; 870-897-2357, Fax 870-935-4581; Email: bizmstr@cox.net.
The McClure Co., Inc. is selling a 92,000 sq.ft. shopping center in Arcadia, FL for under $95 psf. The center is 95% leased and is located on SR 70. For more information, contact Janice Larson, The McClure Co., Inc., PO Box 114, St. Petersburg, FL 33731; 727-821-3099; Email: jlarson.mcclure@verizon.net.
Property Group International is representing a client looking to acquire NNN properties or small strip centers in southern CA for up to $3.5 million with a Cap rate of 5.75% to 6%. The company is also representing a client looking to acquire NNN properties for up to $3 million with a Cap rate of 7%. The company is looking nationwide for properties with at least 10 years remaining on the lease and a minimum increase of 2% in annual rent. For more information, contact Ethan Alvidrez, Property Group International, 4695 MacArthur Court, 11th Floor, Newport Beach, CA 92660; 949-612-1720, Fax 949-606-0401; Email: ethan@pgire.com; Web site: www.pgire.com.
Twin Rivers Capital, LLC is selling an 8,000 sq.ft. Family Dollar site in Greeleyville, SC for $842,775 with a Cap rate of 8%. For more information, contact Chelsea S. Sellars, Twin Rivers Capital, LLC, 57 Hasell Street, Charleston, SC 29401; 843-722-9925, Fax 843-722-9947; Email: chelsea@twinriverscap.com; Web site: www.twinriverscap.com.
Terra Realty Services is selling a strip center in Chicago, IL for $1.88 million. Located in the Logan Square neighborhood of Chicago, the 10,500 sq.ft. center sits on a land area of 18,710 sq.ft. The site is 80% vacant. For more information, contact Steven Schwab, Terra Realty Services, 847-845-8500; Web site: www.terrarealty.net.
Lynch Realty Group, LLC is selling Rawson Commons, located in Franklin, WI, for $3.55 million. The center is 100% leased to three tenants. For more information, contact Kevin P. Lynch, Lynch Realty Group, LLC; 312-622-6024; Email: klynch@lynchrealtygroup.com.
GVA Williams brokered the $5 million sale of a property located on Boston Post Road in Darien, CT. The site was sold by 800 Post Road, LLC to Mercator Capital. For more information, contact GVA Williams, 1055 Washington Boulevard, Stamford, CT; 203-324-0800; Web site: www.gvawilliams.com.
The SOA Group, LLC is selling four shopping centers in GA. The properties, located in Canton, Lithonia and Power Springs, are priced between $1.8 million to $3.5 million. For more information, contact Arnold King, The SOA Group, LLC; 404-918-8070, Fax 404-806-4287; Email: aksoagroup@gmail.com.
Hoff Realtors is representing a client looking to acquire class A strip centers in McHenry, Dupage and Kane Counties in IL at asking prices of up to $15 million. For more information, contact Ron Stewart, Hoff Realtors; 708-870-2920.
Coldwell Banker Commercial is selling a one-acre property in Charleston, SC. The property is located on Folly Road, across from Wal*Mart. For more information, contact Brian M. Aiken, Coldwell Banker Commercial, 3506 West Montague Avenue, Suite 200, Charleston, SC 29418; 843-744-9877, Fax 843-744-9879.
DLC Management Corp. acquired East Park Plaza and Shopper’s Fair, located in Lincoln, NE. The adjoining properties total 279,728 sq.ft. collectively. The 212,655 sq.ft. East Park Plaza is located at the intersection of 66th Street and O Street. Shopper’s Fair consists of 67,073 sq.ft. East Park Plaza is anchored by CVS, Big Lots, Linens ‘N Things, Hancock Fabrics, Russ’s Market and East Park Theatre. Tenants include Famous Footwear, Dollar General, Tuesday Morning, Avenue and Catherine’s. Nearby draws include the University of Nebraska and area retail includes the Westfield Gateway Mall. For more information, contact Daniel Taub or Guy Morris, DLC Management Corp.; Emails: dtaub@dlcmgmt.com and gmorris@dlcmgmt.com.
Mark A. Williams Realty is looking to acquire strip centers in NJ, lower NY state and New York, NY priced between $8 million to $20 million. The properties should be located on main highways or thoroughfares, however potential acquisitions need not be in top condition or fully tenanted. For more information, contact Mark Williams, Mark A. Williams Realty, 243 St. Mark’s Avenue, Brooklyn, NY 11238; 718-390-7117; Email: markawilliamsrealty@comcast.net.
United Equities Corp. is looking to acquire retail, office or industrial properties net leased to a single tenant or public companies with asking prices of at least $2 million. The company prefers all-cash transactions and lease terms with at least 15 years remaining. For more information, contact Arnold Kramer, United Equities Corp., 2 North LaSalle Street, Suite 1776, Chicago, IL 60602; 312-332-5652 Ext. 88, Fax 312-803-9652; Email: united@ameritech.net.
Bedore International is selling Aashi Plaza, located on Sierra Vista Drive in Las Vegas, NV for $1.55 million at a 6.5% Cap rate. The neighborhood retail center is 100% occupied. For more information, contact Robert Diullo or David Howes, Bedore International, 8691 West Sahara Avenue, Suite 210, Las Vegas, NV 89117; 702-873-3100, Fax 702-873-3131; Emails: bob@bedoreinternational.com and david@bedoreinternational.com.
Keller Williams Commercial is selling a 3.5-acre property in Pflugerville, TX with an average daily traffic count of 35,000 vehicles. The company is also selling a 3.17-acre property in Cedar Park, TX adjacent to CVS. The average daily traffic count is 25,000 vehicles. For more information, contact Lila Nelson Beard, Keller Williams Commercial, 9430 Research Boulevard, Building IV, Suite 180, Austin, TX 78759; 512-637-8270, Fax 512-346-9634; Email: lila@kw.com.
Sperry Van Ness completed the $2.18 million sale of La Petite Academy, a 6,734 sq.ft. childcare center located in Centreville, VA. The company represented the seller, GAB Equities, LP in the sale to a private investor represented by HFI Cos. For more information, contact David Ebeling, Sperry Van Ness; 949-225-1883; Email: david.ebeling@svn.com; Web site: www.svn.com.
P.P.I. Capital, Inc. is looking to acquire a vacant big box location or anchored centers with vacant anchor space. The company is looking nationwide for properties with GLAs between 50,000 sq.ft. and 500,000 sq.ft. For more information, contact B.J. Halavi, P.P.I. Capital, Inc., 10850 Wilshire Boulevard, Suite 720, Los Angeles, CA 90024; 310-446-1122, Fax 310-475-5519.
HSM Development, Inc. is selling a property of up to 1.7 acres located on North Meridian Street in Indianapolis, IN. The average daily traffic count is 30,000 vehicles. The company will also consider a build-to-suit or ground lease. For more information, contact Travis W. May, HSM Development, Inc., 4328 East State Road, Suite 234, Greenfield, IN 46140; 317-326-1325, Fax 317-326-2385; Email: tmay@hsmdevelopment.com.
CRES, Inc. is selling a 6.5-acre property in Austin, TX for $1.425 million. Located at the intersection of Dessau Road and Shropshire Drive, the site plan includes 20,000 sq.ft. of retail space. For more information, contact David Schoenemann, CRES, Inc., PO Box 91176, Austin, TX 78709-1176; 512-828-6542, Fax 512-828-7419; Email: cresinc@austin.rr.com.
Freedom Land is selling an Arizona Steakhouse in Atlanta, GA for $2.85 million at an 8% Cap rate. Located at Stonecrest Mall, the 6,500 sq.ft. building is situated on a land area of 1.6 acres. For more information, contact Alphonse Mack, Freedom Land; 770-912-7633; Email: freedompros@hotmail.com.
Infiniti Real Estate is selling 20 Burger King locations in AL and FL. In AL, the sites include: a 2,653 sq.ft. location in Dothan, AL for $1.412 million; a 2,654 sq.ft. location in Dothan for $1.2 million; a 2,763 sq.ft. unit in Dothan for $1.6 million; a 3,590 sq.ft. unit in Dothan for $1.6 million and a 2,763 sq.ft. in Troy for $1.644 million. In FL, the sites include: a 3,278 sq.ft. location in Apalachicola for $977,274; a 3,278 sq.ft. location in Blountstown for $1.142 million; a 3,120 sq.ft. unit in Century for $1.302 million; a 6,930 sq.ft. Burger King/Exxon location in Chipley for $1.86 million; a 3,527 sq.ft. Crestview location for $1.715 million; a 3,527 sq.ft. location in Ft. Walton Beach for $1.749 million; a 3,278 sq.ft. unit in Lynn Haven for $1.259 million; a 2,654 sq.ft. location in Marianna for $988,511; a 3,590 sq.ft. store in Marianna for $1.287 million; a 2,763 sq.ft. location in Panama City for $1.199 million; a 2,575 sq.ft. location in Panama City for $1.926 million; a 3,590 sq.ft. location in $2.256 million; a 3,278 sq.ft. location in Port St. Joe’s for $1.121 million; a 3,278 sq.ft. Shalimar store for $853,308 and a 2,530 sq.ft. location in Tallahassee for $1.25 million. For more information, contact George W. Thellman, Jr., Infiniti Real Estate; 386-445-5600, Fax 386-986-4696; Email: george@infinit-realty.com. |