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Buyers & Sellers
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Buyers & Sellers Judd Lofchie & Associates is selling a 0.94-acre parcel located at the intersection of Route 34 and Route 31 in Oswego, IL. The site is approved for a three-level building. Demographics include a population of 33,988 within a three-mile radius earning an average household income of $87,698. The average daily traffic count is 30,000 vehicles. For more information, contact Judd Lofchie, Judd Lofchie & Associates, 1585 Beverly Court, Suite 129, Aurora, IL 60502; 630-236-3600, Fax 630-236-3525; Email: judd@jlholdings.com; Web site: www.jlholdings.com. Orion Investment and Management Ltd. Corp. is selling a three-acre parcel located on North Stemmons Freeway in Dallas, TX. The site is occupied by a 30,054 sq.ft. Office Depot under a 15-year lease with six years remaining and four, five-year options available. Area draws include Love Field Airport and the Dallas Convention Center. Asking price is $5.6 million. For more information, contact Joe Sanz or Norman Buhrmaster,
Orion Investment and Management Ltd. Corp., 9155 South Dadeland Boulevard, Suite
1602, Miami, FL 33156; 305-278-8400; Syndicated Equities is selling a 1.1-acre parcel located on Jonesboro Road in McDonough, GA and shadow-anchored by Publix. The site is occupied by a 4,128 sq.ft. RBC Centura Bank under a 15-year modified NNN ground lease signed in November 2003. The lease has three, five-year options with rent increases based on a fair market appraisal at option signing. Asking price is $2.626 million with a Cap rate of 7.27%. The company is also selling a 1.8-acre parcel located on West 95th Street in Hickory Hills, IL. The site is currently occupied by a 15,120 sq.ft. Walgreens under a 20-year NN lease with 13 years remaining and eight, five-year options available. Asking price is $5.5 million with a Cap rate of 6.4%. The company is also selling a 1.5-acre parcel located on Lemont Road in Darien, IL. The site is currently occupied by a 15,120 sq.ft. Walgreens under a 20-year NN lease with 14 years remaining and eight, five-year options available. Asking price is $5.86 million with a Cap rate of 6.4%. The company is also selling a 2.3-acre parcel located on Dixie Highway in Chicago Heights, IL. The site is currently occupied by a 15,112 sq.ft. Walgreens under a 20-year NN lease with 13 years remaining and eight, five-year options available. Asking price is $5.075 million with a Cap rate of 6.4%. For more information, contact Ari Vinkour, Syndicated Equities, 350 North LaSalle Street, Suite 800, Chicago, IL 60610; 312-640-9020; Email: avinokur@syneq.com. REZA Investment Group, Inc. is selling Vanowen Marketplace, a 76,818 sq.ft. shopping center situated on 5.1 acres on Vanowen Street in Reseda, CA. The center is anchored by Ralphs and Big Lots with a NOI of $1.408 million. As part of purchase agreement, the buyer will assume the current loan. The company is also selling Manteca Marketplace, a 171,953 sq.ft. community center situated on 13.27 acres at the intersection of West Yosemite Avenue and Union Avenue in Manteca, CA. The center is anchored by Save Mart, Rite Aid, Stadium 10 Cinemas, Dollar Tree and Sears and cotenanted by Subway, Radio Shack, Hollywood Video, Advance America and Carl’s Jr. The asking price is $29.6 million. The company is also selling Kings Canyon Pavilion, a 151,937 sq.ft. neighborhood shopping center situated on 14.56 acres on East Kings Canyon Road in Fresno, CA. The center is anchored by Fiesta Foods, 99 Cents Only and Fallas Paredes and cotenanted by Rent A Center, Payless ShoeSource, Kragen Auto Parts and Check Into Cash. Asking price is $18.6 million. For more information, contact REZA Investment Group, Inc., 3 Park Plaza, Suite 550, Irvine, CA 92614; 949-833-3380, Fax 949-833-3382. Quick & Co. Commercial Realty, Inc. is selling a 15.32-acre parcel located at the intersection of Interstate 35 and Saint Johns Avenue in Austin, TX. The property may be subdivided or sold as one parcel. Area retail includes Home Depot, Academy, Chili’s, Applebee’s and Bennigan’s. Demographics include a population of 281,965 within a five-mile radius earning a median household income of $41,574. The company is also selling a 0.78-acre parcel located at the intersection of West Whitstone Boulevard and Bell Boulevard in Cedar Park, TX. Area retail includes Wal*Mart, McDonald’s, Pizza Hut, KFC, Chili’s and AutoZone. Demographics include a population of 99,470 within a five-mile radius earning a median household income of $72,281. The average daily traffic count is 131,000 vehicles. Asking price is $410,000. For more information regarding the Austin property, contact Jack Weiss, Quick & Co. Commercial Realty, Inc., 606 West 12th Street, Austin, TX 78701; 512-435-6554; Email: jack@quickco.com; Web site: www.quickco.com. For more information regarding the Cedar Park property, contact Bob Novit; 512-435-6559; Email: bob@quickco.com. Maestas & Ward Commercial Real Estate is selling a 25,239 sq.ft. parcel located at the intersection of 6th Street and Cutler Avenue in Albuquerque, NM. Demographics include a population of 85,638 within a three-mile radius earning an average household income of $47,634. The average daily traffic count is 12,200 vehicles. The company is also selling a 20.9-acre parcel located at the intersection of 98th Street and Interstate 40 in Albuquerque, NM. The site is adjacent to a master planned one million sq.ft. power center. Demographics include a population of 116,842 within a five-mile radius earning an average household income of $49,809. The asking price is $6.48 million. For more information, contact Keith Meyer, Maestas & Ward Commercial Real Estate, 7620 Jefferson Street Northeast, Albuquerque, NM 87109; 505-878-0001; Email: keithm@maestasandward.com. REX Real Estate is selling a 4.6-acre parcel located at the intersection of Eldorado Parkway and Hillcrest Road in Frisco, TX. For more information, contact Rex Glendenning or Matthew Kiran, REX Real Estate, 4949 Hedgcoxe Road, Suite 230, Plano, TX 75024; 972-250-1263, Fax 972-250-1020. Bows Real Estate is selling a 15,000 sq.ft. building in Dayton, TN. The building is shadow-anchored by a 150,000 sq.ft. Wal*Mart Supercenter. The asking price is $1.972 million. For more information, contact Lamar Fields, Bows Real Estate, PO Box 52225, Atlanta, GA 30355; 706-593-8077; Email: plfields54@yahoo.com. Equity Investment Group is looking to acquire shopping centers nationwide, with interest in value-added properties with upside from vacant space, excess land, outparcels, below-market rents and deferred maintenance. Cash buys or assumption of existing debt are preferred. For more information regarding properties in AL, FL, GA, LA, MS, NC, SC and TN, contact Rick Steele, Equity Investment Group, Inc., 521 Village Trace Northeast, Building 10, Marietta, GA 30067; 770-951-9652, Fax 770-951-9638; Email: rsteele@eigat.com. For more information regarding properties in other states, contact Dennis Callison, Equity Investment Group, Inc., 111 East Wayne Street, Suite 500, Fort Wayne, IN 46802; 260-426-4704, Fax 260-424-3615; Email: dcallison@eigfw.com. Federal Realty Investment Trust is looking to acquire properties in the greater New York, NY market; Philadelphia and the surrounding eastern PA markets; southern NJ; Fairfield County, CT; Wilmington, DE; Baltimore, MD and Washington, DC metropolitan areas. Properties should have a GLA of 75,000 sq.ft. and up and be appraised at $15 million and up. Demographics should include a population of 50,000 and up within a three-mile radius. The company is also looking to acquire properties in Santa Clara, San Mateo, Alameda, Contra Costa, Marin, Los Angeles, Orange, San Diego and Ventura counties in CA, as well as the San Francisco, CA metropolitan area. Properties should have a GLA of 75,000 sq.ft. and up and be appraised at $15 million and up. Demographics should include a population of 50,000 within a three-mile radius. For more information regarding properties in NJ and NY, contact Tom Garesche, Federal Realty Investment Trust, 5 Middlesex Avenue, 4th Floor, Somerville, MA 02145; 617-684-1504, Fax 617-249-0843; Email: tgaresche@federalrealty.com; Web site: www.federalrealty.com. For more information regarding properties in PA, DE, MD and Washington, DC, contact Barry Carty, 1626 East Jefferson Street, Rockville, MD 20852; 301-998-8282, Fax 301-998-3702; Email: bcarty@federalrealty.com. For more information regarding properties in CA, contact Gwen MacKenzie, 11601 Wilshire Boulevard, Suite 500, Los Angeles, CA 90025; 310-231-8797, Fax 310-231-8798; Email: gmackenzie@federalrealty.com. Grubb & Ellis is selling a parcel located at the intersection of Carson Street and Norwalk Boulevard in Hawaiian Gardens, CA. The site is occupied by a 58,914 sq.ft. Food 4 Less under a NNN lease with 14 years remaining and five, five-year options available, with rent increases beginning in 2011 and escalating by 7.5% every five years. Demographics include a population of 212,000 within a three-mile radius earning an average household income of $82,000. The average daily traffic count is 52,663 vehicles. For more information, contact Dixie Walker, Peter Spragg or Paul Meade, Grubb & Ellis, 4675 MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2023/2077/2078, Fax 949-263-1971/608-2003; Emails: dixie.walker@grubb-ellis.com, peter.spragg@grubb-ellis.com and paul.meade@grubb-ellis.com. Colliers Tingey is selling a 49,860 sq.ft. former-Vons Grocery anchor position in a regional shopping center located at the intersection of Shaw Avenue and Minnewa Avenue in Clovis, CA. The center is cotenanted by Ross Dress for Less, UA Cinema, Dollar Tree, Hallmark, Western Warehouse, Avenue Plus and B. Dalton Books. Area retail includes Wal*Mart, Walgreens, Big 5, Marshalls, Longs Drugs, Target, Lowe’s Home Improvement, Pier 1 Imports, Kmart, OfficeMax, Toys "R" Us and Sierra Vista Mall, which includes Mervyn’s, Sears and Gottschalk’s. Demographics include a population of 276,749 within a five-mile radius earning an average household income of $57,702. The average daily traffic count is 60,000 vehicles. The asking price is $4.9 million. For more information, contact Steve Rontell, Colliers Tingey, 7485 North Palm Avenue, Suite 110, Fresno, CA 93711; 559-221-1271 Ext. 445, Fax 559-222-8744; Email: srontell@tingey.com; Web site: www.colliers.com. Lee & Associates Commercial Real Estate Services is selling a 1,718 sq.ft. former Sonic Drive-In situated on 0.92 acres on Rockwood Avenue in Calexico, CA. The site is an outparcel to a Wal*Mart-anchored center that is cotenanted by Toys "R" Us, KFC, Jack in the Box, Radio Shack and Susie’s Deals. Demographics include a population of 41,563 within a five-mile radius earning a median household income of $33,597. Asking price is $1.6 million. For more information, contact Evan Hanyak, Lee &
Associates Commercial Real Estate Services, 5872 Owens Avenue, Suite
200, Carlsbad, CA 92008; 760-929-7836, Fax 760-929-9977; Email: Breslin Realty is selling a 10,000 sq.ft. restaurant site located at the intersection of Jericho Turnpike and Charles Avenue in Huntington, NY. Demographics include a population of 187,382 within a five-mile radius. Area retail includes Walt Whitman Mall. The asking price is $3.2 million. For more information, contact Jeb Bellsey, Breslin
Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400
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