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Buyers & Sellers
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Buyers & Sellers DMB Capital & Real Estate Advisory, LLC is selling sites of 0.5 acres to 1.5 acres in Brookfield, Danbury, New Canaan and Stamford, CT and throughout NY. The properties are located on hard corners and have high traffic counts. For more information, contact Dennis M. Behunick, DMB Capital
& Real Estate Advisory, LLC, 99 Danbury Road, Ridgefield, CT 06877;
203-438-8645, Fax 203-438-5299; Fagin Commercial is looking to acquire shopping centers in the Midwest with GLAs of 75,000 sq.ft. to 250,000 sq.ft. and priced between $2 million and $15 million with Cap rates of 8%. The company prefers centers in small towns and secondary and tertiary markets. For more information, contact Matt Fagin, Fagin Commercial,
331 West Thornton Avenue, St. Louis, MO 63119; Greenberg & Associates, Inc. is selling a 1.83-acre parcel at a hard corner on State Road 776 in Englewood, FL for $2.5 million. The site is 100% buildable and is located across from a Wal*Mart Supercenter and can accommodate up to 18,400 sq.ft. of retail/office. The average daily traffic count is 35,000 vehicles. For more information, contact Steve Palmer, Greenberg & Associates, Inc.; 941-371-7758, Fax 941-377-9177. Faris Lee Investments completed the $2 million presale of a Carl’s Jr. location in Pueblo, CO. The property was priced at $800 psf with a Cap rate of 5.95%. Located on North McCulloch Boulevard, the property has a 20-year term and an absolute NNN lease. The company represented the seller, Timberline Pueblo West, LLC, and Rancon Real Estate represented the buyer, a private investor. The site is an outparcel to Wal*Mart Supercenter. For more information, contact Faris Lee Investments, 2301
Dupont Drive, Suite 100 Zommick McMahon Commercial Real Estate is selling a 2,250 sq.ft. single-story building with drive-thru for $800,000 in Goshen, PA on West Chester Pike. The site is adjacent to Starbucks and Quiznos. For more information, contact Jim Jacobs, Zommick McMahon
Commercial Real Estate, PO Box, 2006, Media, PA 19063; 610-566-7576; National Brokerage is selling a 10,500 sq.ft. King’s Restaurant location on Avenue N in Brooklyn, NY for $1.775 million. The site is anchored by Keyfood. For more information, contact Jeffrey Ferretti, National
Brokerage, 5122 Avenue N, Brooklyn, NY 11234; 718-377-1500, Fax 718-377-1511;
Watson Commercial Real Estate, Inc. is selling a 3,026 sq.ft. former Wendy’s situated on one acre on Busy Barton Boulevard in Rockledge, FL for $1.1 million. For more information, contact Luca Commercial is looking to acquire property throughout eastern CT, southeastern MA or RI that are in need of rehabilitation. For more information, contact Joe Luca, Luca Commercial;
401-580-9797 or 619-489-0482; Keller Williams Premier Realty is representing an investor looking to do 1031 exchanges of up to $200 million with a preference in FL, however other markets will be considered. Potential acquisitions must be priced at a $15 million minimum and should be existing shopping centers, office buildings, multi-tenanted industrial, apartments and portfolios. The company will not consider development or land deals. For more information, contact Robert Feldman, Keller Williams
Premier Realty, 320 West Sabal Palm Place, Suite 150, Longwood, FL 32779;
407-712-7482, Fax 407-786-0400; Woolbright Development, Inc. completed the $281 million sale of a five-property portfolio totaling 735,920 sq.ft. Morgan Stanley acquired the FL properties, which include: Oak Grove Shoppes, located at the intersection of SR 434 and Jamestown Boulevard in Altamonte Springs; Sea Ranch Centre, located at the intersection of Commercial Boulevard and A1A in Lauderdale By the Sea; River Bridge Centre, located at the intersection of Jog Road and Forest Hill Boulevard in Greenacres; Murdock Carousel, located on Tamiami Trail in Port Charlotte and Galt Ocean Marketplace, located at the intersection of North Ocean Boulevard and Commercial Boulevard in Fort Lauderdale. For more information, contact Woolbright Development, Inc.,
3200 North Military Trail, Fourth Floor, Boca Raton, FL 33431; 561-989-2240; CB Richard Ellis – Phoenix negotiated the $5.13 million sale of 10.83 acres located at the intersection of Reems Road and Waddell Road in Surprise, AZ. The company represented the buyer, NAC Development Co., and the seller, Gin Blossom, LLC. The owners plan to develop a shopping center on the site. For more information, contact Katherine Haug, CB Richard
Ellis – Phoenix, 2415 East Camelback Road, Phoenix, AZ 85016; 602-735-1782, Fax
602-735-5655; Terra Realty Services is selling a 2.09-acre site in Hainesville, IL for $678,000. There are plans in place to develop a 17,800 sq.ft. strip center. Area demographics include a population of 114,206 within five miles. The site is located at the front of a 394-unit single-family home subdivision. For more information, contact Lynn Ridley, Terra Realty
Services, 14044 Petronella Drive, Suite 1, Libertyville, IL 60048; 847-366-7116,
Fax 847-996-1073; Plaza Advisors sold Casselberry Exchange Shopping Center in Orlando, FL for $25.25 million. The company represented the seller, Casselberry Associates, LLC, in the sale to MSKP Casselberry Exchange, LLC. Located at the intersection of SR 436, U.S. 17 and U.S. 92, the 119,168 sq.ft. center is tenanted by Bed Bath & Beyond, Staples, Sally Beauty, Quiznos, EB Games, Mattress Firm, State Farm, T-Mobile and Amscot with Starbucks, Floors Today, 7-Eleven and Donatos Pizzeria on outparcels. For more information, contact Lenard Williams, Plaza
Advisors, 3412 Bay To Bay Boulevard, Tampa, FL 33629; 813-837-1300 Ext. 102; The Retail Connection, LP represented Waterstone 423 Partners, LP in the sale of 1.732 acres of land located at the intersection of FM 423 and Lebanon Road in Frisco, TX. The buyer, Walgreens, was represented by Falcon Realty Advisors. For more information, contact Chris Thomas or Tim Donovan, The Retail Connection, LP; 214-572-8422/8434. Vanguard-Fine brokered the following transactions: with Southern Realty & Development, LLC for the sale of a 1.5-acre parcel in Kinderhook, NY for $1.1 million that will house an 11,000 sq.ft. pharmacy and with Twelve Fire Rd., Ltd. for a 20,000 sq.ft. building on Fire Road in Clifton Park, NY for $1.5 million. For more information, contact Vanguard-Fine, 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-862-0861, Fax 518-867-3082. |