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Buyers & Sellers
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Buyers & Sellers Mid-America Real Estate Corporation’s Investment Sales Group
brokered the sale of a 61,712 sq.ft. Roundy’s Supermarket located on South
Robert Street in West Saint Paul, MN. Inland Real Estate For more information, contact Mid-America Real Estate Corp., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181-4713; 630-954-7300, Fax 630-954-7304; Web site: www.midamericagrp.com. Centurion Partners, LLC closed on the $9.787 million sale of The Colonnade at King’s Grant shopping center, a 21,064 sq.ft. center located across from Concord Mills in Concord, NC. Kodiak Capital Partners, LLC acquired the site which includes tenants such as The Little Dooey Barbeque and Blues, Foster’s Grille, Maui Wowi Hawaiian Coffees and Smoothies, EXIT Realty, Imajes Salon and Spa, Julie LaTerra Homes and Piedmont Urgent Health Care. For more information, contact Philip Corriher or Raquel Bliss, Centurion Partners, LLC, 16930 West Catawba Avenue, Suite 205, Cornelius, NC 28031; 704-895-2120 Ext. 7/212; Web site: www.centurionpartners.net. Colliers Turley Martin Tucker is selling Shoppes of Mount Vernon, an 11,086 sq.ft. center situated on 1.86 acres in Mount Vernon, OH. Area retail includes Wal*Mart and Kmart. The average daily traffic count is 33,151 vehicles. The asking price is $2.8 million. For more information, contact Kevin James, Colliers Turley Martin Tucker, 325 John H. McConnell Boulevard, Columbus, OH 43215; 614-827-1705, Fax 614-241-4701; Email: ktjames@ctmt.com; Web site: www.ohiocommercialinvestments.com. Gulfcoast Commercial is selling an 8.3-acre parcel located at the intersection of U.S. Highway 41 and Pine Island Road in North Fort Myers, FL. Area retail includes McDonald’s, Wal*Mart and Merchant’s Crossing shopping center, featuring Home Depot, CVS, AMC Theatres and Sears. Demographics include a population of 104,215 within a five-mile radius earning a median household income of $39,945. The average daily traffic count is 47,000 vehicles. The asking price is $5.061 million. For more information, contact Gulfcoast Commercial, Bank of America Tower, 200 Central Avenue, Saint Petersburg, FL 33701; 727-823-1605, Fax 727-897-9579. Signature Associates closed on the sale of a 6,750 sq.ft. space located on South Washington Square in Lansing, MI. The property was acquired by P-Cakes Development, LLC from Kimmel Joint Revocable Trust. For more information, contact Jonathan Eyde, Signature
Associates, 246 East Saginaw Street, Suite 2, East Lansing, MI 48823;
517-374-1100; Email: jeyde@signatureassociates.com; Phillips Edison & Co. acquired Sandy Marketplace, a 101,438 sq.ft. center anchored by Hi-School Pharmacy and located in Sandy, OR. The company also acquired Blaine Center, a 127,572 sq.ft. center located in Blaine, WA and anchored by a 43,550 sq.ft. Cost Cutter. The company also acquired Creekview Plaza, a 199,703 sq.ft. shopping center located in Price, UT. The center is anchored by a 91,266 sq.ft. Kmart and a 42,000 sq.ft. Albertsons. For more information, contact Phillips Edison & Co., 175 East 400 South, Suite 402, Salt Lake City, UT 84111; 801-521-6970, Fax 801-521-6952; Web site: www.phillipsedison.com. Paramount Properties is selling a 100% leased 12-bay tire center with 1,500 sq.ft. of attached restaurant space located in Matawan, NJ. The asking price is $2.995 million, with owner financing available at 3% with a 1/3 down payment. For more information, contact Alan Katz, Paramount Properties, 10 School Road West, Marlboro, NJ 07746; 732-547-3698; Email: akatz238@optonline.net. Cole Cos. acquired the following properties: a 22,675 sq.ft. Tractor Suppy Co. located in Greenfield, MN; a 10,908 sq.ft. Eckerd located in Lincolnton, NC; Lincoln Place, a 273,325 sq.ft. shopping center located in Fairview Heights, IL; Pocatello Square, a 138,925 sq.ft. shopping center located in Pocatello, ID; a 74,797 sq.ft. Ashley Furniture located in Amarillo, TX; a 19,097 sq.ft. Tractor Supply Co. located in Marinette, WI; a 22,670 sq.ft. Tractor Supply Co. located in Paw Paw, MI; a 15,800 sq.ft. Big 5 Center located in Aurora, CO; a 20,747 sq.ft. Staples located in Greenville, SC and a 14,564 sq.ft. Rite Aid located in Plains, PA. For more information, contact NAI Isaac Commercial Properties brokered the $5.82 million sale of a 14.48-acre parcel located at Commerce Center in Nicholasville, KY. Wal*Mart Stores, Inc. acquired the property and plans call for a 135,000 sq.ft. Sam’s Club to be built on the site. For more information, contact Dawn Bryant, NAI Isaac Commercial Properties, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000; Email: dawnbryant@naiisaac.com. Excess Space Retail Services, Inc. brokered the following transactions: Sonic Drive-In sold a 0.53-acre parcel located on Gulfway Drive in Port Arthur, TX to a private buyer; McDonald’s sold a 0.94-acre parcel located on West 16th Street in Schyler, NE to a private buyer; Sonic Drive-In sold a 2.1-acre parcel located at the intersection of North Tyndall Parkway and Lois Street in Callaway, FL to Callaway Investments Too, LLC; Knowledge Learning Corp. sold a 6,746 sq.ft. building located on Willowbend Boulevard in Houston, TX to Braeswood Assembly of God Church and Knowledge Learning Center sold a 17,600 sq.ft. building located on Raldon Road in Lewisville, TX to Salvaging Teens at Risk, Inc. For more information, contact Elisabeth Pena, Excess Space Retail Services, Inc., One Hollow Lane, Suite 112, Lake Success, NY 11042; 516-365-6400, Fax 516-365-5125. Cardinal Realty Group is seeking acquisition opportunities throughout MO on behalf of a client. Properties should be strip centers with a minimum GLA of 40,000 sq.ft. and be priced between $2 million and $10 million with a Cap rate of 8%. The company is also seeking properties throughout the Midwest on behalf of a client. Properties should be dark, freestanding big box retail sites with minimum GLAs of 80,000 sq.ft. and priced up to $2 million. For more information, contact Hal Hanstein, Cardinal Realty Group, 8710 Manchester Road, St. Louis, MO 63144; 314-353-7300, Fax 314-353-7358; Email: hal@cardinalreatlygroup.com; Web site: www.cardinalrealtygroup.com. SCI Real Estate Investments acquired the north side of ITC Crossing shopping center, located in Mt. Olive, NJ, in a $20.8 million purchase from AIG Baker. The sale encompasses two buildings totaling 179,775 sq.ft. The company previously acquired the 372,789 sq.ft. south side of ITC Crossing for $64.3 million in October 2006. The company was represented in both transactions by Faris Lee. For more information, contact SCI Real Estate Investments, 11620 Wilshire Boulevard, Suite 300, Los Angeles, CA 90025; 310-470-2600, Fax 310-470-6609; Web site: www.sciproperties.com. |