Buyers and Sellers (continued from page nine)
The Rotella Group, Inc. is selling a 23.63acre parcel located at the intersection of Hillsboro Boulevard and SR 7 in Coconut Creek, FL. Area retail includes Walmart Supercenter. Area demographics include a population of 99,866 within three miles earning $97,449 as the average household income. The average daily traffic count is 26,000 vehicles. The company is also selling a 2,180 sq.ft. freestanding building with a drive-thru situated on 0.4 acres along South Dixie Highway in Naranja, FL. Area demographics include a population of 71,205 within three miles earning $51,674 as the average household income. The average daily traffic count is 5,880 vehicles. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com. Titan Commercial, on behalf of a client, is looking to acquire single-tenant retail properties throughout AZ, CA, CO, NM, NV and TX. Suitable properties feature tenants bound to NN or NNN leases with at least 10 years remaining on the original lease term, and are priced reflecting a Cap rate above 8%. For more information, contact Justin Strauss, Titan Commercial, 2114 West Grant Road, Suite 10, Tucson, AZ 85745; 520-884-7100, Fax 520-842-2022; Email: jstrauss@titancre.com; Web site: www.titancommercialrealestate.com. Marcus & Millichap Real Estate Investment Services negotiated the $9.8 million sale of Del Amo Plaza, a 58,126 sq.ft. neighborhood shopping center located at the intersection of Pioneer Boulevard and Del Amo Boulevard in Cerritos, CA. At the time of sale, the center was 91% occupied with tenants including Starbucks, Bally Total Fitness and Quiznos. The company represented the seller in the transaction. For more information, contact Chris Maling or David Maling, Marcus & Millichap Real Estate Investment Services, 2999 Oak Road, Suite 210, Walnut Creek, CA 94597; 213-943-1800; Web site: www.marcusmillichap.com. Zifkin Realty Group, LLC is selling parcels of 0.56 acres, 1.04 acres and 1.16 acres located in Round Lakes, IL. For more information, contact Sarah Moberg, Zifkin Realty Group, LLC, 560 West Washington Boulevard, Suite 330, Chicago, IL 60661; 312-624-7784.
Jones Real Estate is selling a 70,000 sq.ft. freestanding building situated on six acres along East Imperial Highway in La Habra, CA. Area demographics include a population of 308,821 within five miles earning $85,111 as the average household income. The average daily traffic count is 49,000 vehicles. The asking price is $9.25 million. For more information, contact Greg Jones, Jones Real Estate, 404 West Whittier Boulevard, La Habra, CA 90631; 562697-3333, Fax 562-697-9999; Email: greg@jonesre.net; Web site: www.jonesre.net. Katz & Associates, on behalf of a client, is looking to acquire grocery-anchored and unanchored shopping centers throughout the northeastern, southeastern and mid-Atlantic regions of the U.S. Suitable properties feature expansion or redevelopment opportunities and are priced reflecting a Cap rate above 9%. The company will also consider freestanding locations and pad sites. For more information, contact Kevin M. Higgins, Katz & Associates, 2000 Glades Road, Suite 206, Boca Raton, FL 33431; 561-361-7232, Fax 561-361-7276; Email: kevinhiggins@dkatz.com. NAI Friedland Realty negotiated the sale of a 6,000 sq.ft. retail space located along South 4th Avenue in Mt. Vernon, NY. A private buyer acquired the property from Family Service Society of Yonkers for $1.5 million. The company represented the buyer and the seller in the transaction. For more information, contact Robin Herko, Steve Lorenzo or David Scotto, NAI Friedland Realty, 656 Central Park Avenue, Yonkers, NY 10704; 914-968-8500; Web site: www.friedlandrealty.com. Prudential Showcase Properties is selling a 3.5-acre parcel located in Dothan, AL. Area retail includes Publix. The asking price is $1.59 million. For more information, contact Susan Morrison, Prudential Showcase Properties, 1133 West Main Street, Dothan, AL 36301; 334-333-8981, Fax 331-702-7979; Email: morrprudent1@aol.com; Web site: www.susanlovesland.com. Corporate Investment Realty is selling a 5,000 sq.ft. freestanding restaurant situated on 3.9 acres in Charles County, MD. The NOI is $350,000. The asking price is $2.1 million. For more information, contact Mike Elam, Corporate Investment Realty, 14900 Sweitzer Lane, Laurel, MD 20707; 301572-6000 Ext. 307, Fax 301-356-9097; Email: melam@ciworldwide.com; Web site: www.ciworldwide.com. www.dealmakers.net
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Corporate Commercial Realty, LLC is selling a retail property located along South Side Sunrise Highway between TR 231 and Higbie Lane in West Islip, NY. The asking price is $1.5 million. For more information, contact Harvey Kolin, Corporate Commercial Realty, LLC, 150 Broad Hollow Road, Melville, NY 11747; 631-300-5145, Fax 631-629-4876; Email: harvey@hkolin.com; Web site: www.corporatecommercialrealty.com. Eastern Net Lease Advisors is looking to acquire net-leased single-tenant properties and freestanding buildings located throughout New England. Suitable properties are fully leased and priced between $1 million and $5 million with Cap rates above 7.5%. The company will also consider sites with tenants bound to ground or short-term leases. For more information, contact Michael O’Mara, Eastern Net Lease Advisors, 21 Oak Street, Medway, MA 02053; 617-549-5154; Email: mike@eastern1031.net; Web site: www.eastern1031.net. Prudential Commercial Real Estate is selling a 170,000 sq.ft. community shopping center located in Hamilton, OH. Tenants include Dollar Tree and Golden Dragon with Wendy’s, CVS, O’Reilly’s Auto Parts and Pizza Hut occupying outlots. The asking price is $3.2 million. For more information, contact Lauri Sullivan, Prudential Commercial Real Estate, 5949 Kenwood Road, Cincinnati, OH 45243; 513-604-1414, Fax 513-297-2552; Email: lsullivan777@fuse.net. CB Richard Ellis negotiated the sale of Rivertowne Mall, a 69,336 sq.ft. center situated on 5.58 acres along Riverside Drive in Austin, TX. A local investment partnership acquired the property. The company represented the seller in the transaction. For more information, contact Walter Saad, Cathy Nabours and Eric DeJernett, CB Richard Ellis, 100 Congress Avenue, Suite 500, Austin, TX 78701; 512499-4925/4917 and 512-482-5504; Emails: walter.saad@cbre.com, cathy.nabours@cbre.com and eric.dejernett@cbre.com; Web site: D www.cbre.com. M
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Dealmakers
July 16, 2010
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