SRS Real Estate Partners March Transactions


Dallas, TX (PRWEB) March 29, 2013

SRS Real Estate Partners announces highlights of March transactions and new assignments.

Atlanta:

Carters, Inc. has leased a 4,200-square-foot space at The Mall of Georgia Crossing in Buford, Ga. It is located at 3385 Woodward Crossing Blvd. on the northeast corner of Woodward Crossing Boulevard and Buford Drive. Sarah Williams in the SRS Atlanta office represented the tenant, Carters in the transaction.

Chicago:

Tim Henry in the SRS Chicago office has been selected to handle the leasing of 1,000 to 4,000 square feet of divisible space available in the 8,100-square-foot freestanding building located at 5-19 Prairie Ave. in Highwood, Il. for Rock Prairie Partners, LLC.

Denver:

LOFT has leased a 4,463-square-foot space at The Streets at SouthGlenn in Centennial, Colo. and is expected to open this summer 2013. Lauren Bottonari in the SRS Denver office and Don Edrington represented the tenant, LOFT in the transaction.

Orlando:

Texas Roadhouse has leased a 2.62 acre pad site at River Club Plaza in Bradenton, Fla. The 235,000-square-foot retail development will be located at the intersection of Interstate Highway 75 and State Rd. 70. Garrett Williams in the SRS Orlando office represented the tenant, Texas Roadhouse in the transaction.

Black Lake Investors, LLC has leased space to Chuys at Black Lake Village in Kissimmee, Fla. The 7,500-square-foot Mexican restaurant with a 2,000-square-foot patio will be located at Black Lake Road and Irlo Bronson Memorial Highway. Jason Kaiser, CCIM in the SRS Orlando office represented the landlord, Black Lake Investors, LLC in the transaction.

John Artope and Adam Gerry in the SRS Orlando office have been selected to handle the retail leasing for SkyHouse?, the newest, luxury high rise in downtown Orlando. This 23-story, 320-unit multi-family project will feature an eight-level parking garage, pocket park and approximately 8,200-square-feet of ground-floor retail space.

Garrett Williams in the SRS Orlando office has been selected to oversee the site selection process for the Wisconsin-based Culvers restaurant chain in its expansion across the greater Tampa Bay area.

Newport Beach:

Planet Fitness has leased two new locations in Southern California. The first location is a 22,000-square-foot space at 570 South Mount Vernon Ave. in San Bernardino, Calif. The second location is a 16,475-square-foot space at 8610 Garfield Ave. in South Gate, Calif. Garett Colburn in the SRS Newport Beach office represented the tenant, Planet Fitness, in both transactions.

Phoenix:

E&Js Designer Shoe Outlet has leased a 9,052-square-foot space at Lincoln Plaza Shopping Center in Scottsdale, Ariz. It is located on the southwest corner of Lincoln Road and Scottsdale Road. Mike Polachek in the SRS Phoenix office represented the tenant, E&Js Designer Shoe Outlet in the transaction.

ACV Calzona, LLC has leased a 2,335-square-foot space to TitleMax at Plaza Seven in Phoenix, Ariz. It is located on the southwest corner of Union Hills and 7th Street. Ed Beeh, Chuck Gibson, and Brian Polachek in the SRS Phoenix office represented the landlord, ACV Calzona, LLC in the transaction.

San Francisco:

Vitamin Shoppe opened a 3,500-square-foot store on March 17 at the new Clovis Crossing Shopping Center in Clovis, Calif. It is located at 1205 Herndon Ave. and other tenants in the shopping center include Home Goods, Ulta Beauty, and Petco. Laura Tinetti in the SRS San Francisco office and Corey Bialow with Bialow Real Estate, LLC represented the tenant, Vitamin Shoppe in the transaction.

About SRS Real Estate Partners

SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industrys most influential and respected leaders. For more information, please visit http://www.srsre.com.







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SRS Real Estate Partners January Transactions


Dallas, Texas (PRWEB) January 31, 2013

SRS Real Estate Partners announces highlights of January transactions and new assignments.

Atlanta:

Washington Square, a 63,361-square-foot neighborhood center in Gainesville, Ga. has sold for $ 4.5 million. It is located on the southeast corner of the intersection of John W Morrow Jr. Parkway and Pearl Nix Parkway adjacent to Lakeshore Mall. Kyle Stonis and Pierce Mayson in the SRS Atlanta office represented the seller, Mimms Enterprises, Inc. in the transaction.

Shoppers World has leased its third location in Georgia at the Plaza Fiesta shopping center in Atlanta, Ga. and plans to build out a 50,000-square-foot space for their new full-line value driven department store. It is located on the northeast corner of Buford Highway and Clairmont Road and is expected to open in spring 2013. Sarah Williams and Steve Gunning in the SRS Atlanta represented the tenant, Shoppers World in the transaction.

Shoe Carnival has leased a 9,056-square-foot space at Lawrenceville Market shopping center in Lawrenceville, Ga. It is located near the intersection of Duluth Highway 120 and University Parkway at 875 Lawrenceville Suwanee Road. Steve Gunning in the SRS Atlanta represented the tenant, Shoe Carnival in the transaction.

Austin:

Lago Vista Village, which is located at 20900 FM 1431 in Lago Vista, Texas has sold. The property is a mixed-use commercial development comprised of approximately 55,085-square-feet of retail and 11,145-square-feet of second story office space. Jason Middlebrook in the SRS Austin office represented the seller in the transaction.

A Chick-fil-A ground lease has sold at 18310 Blanco Road in San Antonio, Texas and a Whataburger ground lease has sold at 18330 Blanco Road in San Antonio, Texas. The properties are located directly across from Whole Foods and Super Target and serve the surrounding affluent communities that include Stone Oak, Sonterra, The Vineyard, Elm Creek, and Rodgers Ranch. Jason Middlebrook in the SRS Austin office represented the seller in both transactions.

Dallas:

Americas Best Contacts & Eyeglasses has leased its first Texas location in Lubbock, Texas. The 4,000-square-foot space is located on the northeast corner of 82nd Street and Quaker Avenue at Kingsgate North shopping center. Dawn Greiner and Ryan Johnson with SRS Real Estate Partners represented the tenant, Americas Best Contacts & Eyeglasses in the transaction.

Rusty Taco has leased a 1,828-square-foot space in Denton, Texas. It is located at 210 E. Hickory St. and will be Rusty Tacos tenth Texas location. Jason Puig and Lee Loftis represented the tenant, Rusty Taco, in the transaction.

Newport Beach:

Planet Fitness has leased a 15,000-square-foot space in the former Discount Citi building in Huntington Park, Calif. It is located on Alameda Street at East Florence Avenue. Garrett Colburn in the SRS Newport Beach office represented the tenant, Planet Fitness in the transaction.

The former Nissan building located at 20710 Hawthorne Boulevard in Torrance, Calif. sold to Sam Lim. The property is an 8,888-square-foot pad site situated on Hawthorne Boulevard between Emerald Street and Game Street. Garrett Colburn in the SRS Newport Beach office represented the seller, Torrance Nissan in the transaction.

Sleep Number has leased three new locations in Southern California in Glendale, Calif., Santa Barbara, Calif. and Santa Maria, Calif. The 3,380-square-foot Glendale, Calif. store is located on North Glendale Avenue and East Lexington Drive, just south of Highway 134. The 3,000-square-foot Santa Barbara, Calif. store is located on State Street and South La Cumbre Road, alongside Highway 101. The 2,728-square-foot Santa Maria, Calif. store is located on East Betteravia Road & Bradley Road, alongside Highway 101. Scott Landgraf in the SRS Newport Beach office represented the tenant, Sleep Number, in all three transactions.

Orlando:

TITLE Boxing Club has leased a 7,500-square-foot space at Winter Park Corners in Winter Park, Fla. adjacent to Whole Foods. It will open in the first quarter of 2013 and is expected to be the first of three initial Central Fla. locations for the expanding 50-store chain. Blake Hunter in the SRS Orlando office and Mike Leonard of Catalyst Commercial Group represented the tenant, EZ Fitness of Jacksonville Corporation, in the transaction.

Phoenix:

AutoNation has sold a 9.87 acre disposition parcel to Nuevo Comienzo, LLC in Phoenix, Ariz. It is located at the northeast corner of Camelback Road and 27th Avenue. Ed Beeh and Mike Polachek in the SRS Phoenix office along with Jacqui Blake with Cypress Equities represented the seller, AN Tucson Imports, LLC in the transaction.

CVS Pharmacy has purchased the El Mercado Shopping Center, a four-acre property located at the southeast corner of Broadway Road and Wilmot Road in Tucson, Ariz. Ed Beeh and Chuck Gibson in the SRS Phoenix office represented the buyer, CVS Corporation in the transaction.

Centerpoint Holdings, LLC has leased a 6,163-square-foot space to Zipps Sports Grill at Centerpoint on Mill in downtown Tempe, Ariz. It is located at the northwest corner of University Drive and Mill Avenue and will open this spring 2013. Brian Polachek and Mike Polachek in the SRS Phoenix office represented the landlord, Centerpoint Holdings, LLC in the transaction.

San Francisco:

Sleep Number has leased two new sites in Northern California, one in Pinole, Calif. and the other in Seaside, Calif. The 3,260-square-foot Pinole, Calif. store opened on Oct. 26, 2012 and is located at 1471 Fitzgerald Dr. The 3,454-square-foot Seaside, Calif. store opened on Nov. 7, 2012 and is located at 1957 Fremont St. Laura Tinetti in the SRS San Francisco office, Dawn Greiner and Carey Shagets in the SRS Dallas office, and Scott Landgraf in the SRS Newport Beach office represented the tenant, Sleep Number, in both transactions.

About SRS Real Estate Partners

SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with multiple offices nationwide, SRS strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and managed services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industrys most influential and respected leaders. For more information, please visit http://www.srsre.com.







Commercial Mortgage Lending Transactions in New York and New Jersey

HI, I’m Robert Marsico and I’m a commercial real estate attorney with Scarinci Hollenbeck. I specialize in assisting lenders and borrowers with Commercial Mortgage Lending Transactions in New York and New Jersey. Over the last few years, the mortgage lending marketplace has been more challenging for both borrowers and lenders. Today I am going to talk about some issues and trends encountered by both banks and borrowers in this environment. The traditional mortgage lending landscape has been altered by a weak economy, a significant drop in real estate values, bank difficulties caused by past lending practices, and banks’ desire to diversify their portfolios away from certain real estate loans. Nevertheless, banks have funds to lend and are looking for opportunities for the “right” kind of deal. There are several trends currently impacting the making of commercial mortgage loans in the NJ marketplace. If you have any questions, or would like to discuss some of the topics covered here this video, please don’t hesitate to contact me. I can be reached at 201-896-4100. Or find me on the Law Firm’s website at www.scarincihollenbeck.com Thanks for watching!
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Cole Real Estate Investments Completes $3.9 Billion of Commercial Real Estate Transactions in 2012


Phoenix, AZ (PRWEB) January 15, 2013

Cole Real Estate Investments (Cole), a diversified real estate company, announced it successfully completed more than $ 3.2 billion of real estate-related acquisitions in 2012 and sold approximately $ 670 million of real estate assets for a total of nearly $ 3.9 billion of commercial real estate transactions for the year. The firm finished the year with $ 12.4 billion of total real estate assets under management.

As an industry leader, we continued to see high-quality assets come to market that fit our disciplined investment strategy, which focuses on retail, office and industrial properties occupied by creditworthy tenants on long-term net leases, said Marc Nemer, president and chief executive officer at Cole. We attribute our success in acquiring more than $ 8 billion of core commercial real estate over the past three years to the experience and expertise across our real estate organization, from our in-depth research and strategy to our respected acquisitions team, and on to our rigorous legal and underwriting procedures. Weve also built strong relationships with the commercial real estate brokerage community, developers and owners, and financial institutions that have allowed us to build well-positioned portfolios.

Coles key acquisitions in 2012 included:


$ 1.1 billion of single-tenant retail properties, including a portfolio of 140 Family Dollar stores in a $ 192.1 million sale-leaseback transaction; a Stripes/Road Ranger portfolio of 20 properties for $ 80 million; a Walmart and Costco in Tallahassee, FL, for $ 25.1 million; and a Dollar General portfolio with 32 locations for $ 45.7 million.
$ 1.0 billion of single-tenant office and industrial assets, including four Amazon fulfillment centers in Tennessee and South Carolina for $ 247.4 million; a Merrill Lynch facility in Hopewell, NJ, for $ 135.0 million; a RSA Security property in Bedford, MA, for $ 93.5 million; and the Clorox Campus in Pleasanton, CA, for $ 86.9 million.
$ 894.8 million of multi-tenant retail assets, including the $ 124.0 million purchase of Canarsie Plaza in Brooklyn, NY; Eastland Center in West Covina, CA for $ 147 million; Greenway Commons in Houston, TX, for $ 68.3 million; and Valley Bend in Huntsville, AL, for $ 72.5 million.
$ 226.2 million of commercial mortgage-backed securities (CMBS) and other debt-related investments.

Overall, these acquisitions included more than 450 total properties, approximately 18.8 million square feet of commercial real estate and 25 classes of CMBS bonds.

The firms active portfolio management was executed on both tactical and strategic levels across its portfolios, resulting in $ 670 million of dispositions. A key sales transaction included City Center Plaza, headquarters for Microsoft Bing, in Bellevue, WA, for nearly $ 375 million after being purchased for $ 310 in 2010.

Other transactions included a portfolio of CVS and Walgreens for $ 69.4 million and Manchester Highlands in St. Louis, MO, for $ 54.0 million.

We believe that active management of our portfolios dispositions and reinvestments aimed at harvesting gains, mitigating risks, or managing tenant and geographic exposures can help to maximize risk-adjusted returns, Nemer added. In 2012 this led us to take gains on some assets, such as City Center Plaza, and redeploy the proceeds into other attractive investment opportunities.

Other key accomplishments for the diversified real estate firm in 2012 included:

Originating 40 loans totaling more than $ 1.7 billion of financing.
Completing 2.5 million square feet of new, renewed and extended leases.
Investing $ 229.1 million in joint venture and build-to-suit transactions.

About Cole Real Estate Investments

Founded in 1979, Cole Real Estate Investments is one of the nations leading acquirers and managers of high-quality, income-producing retail, office and industrial real estate assets. Cole primarily targets net-leased single-tenant and multi-tenant retail properties under long-term leases with creditworthy tenants, as well as single-tenant office and industrial properties, using a conservative investment and financing strategy. According to Real Capital Analytics, a leading industry research firm, Cole has established itself as the No. 1 buyer of all single-tenant assets for the past 10 years. At the end of December 2012, Cole-related entities owned and managed more than 2,040 assets representing approximately 76.4 million square feet of commercial real estate in 47 states, with a combined acquisition cost of more than $ 12.4 billion. To learn more, visit http://www.colecapital.com.

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements that reflect the current views of Cole Real Estate Investments and Coles management with respect to future events. Forward-looking statements about Coles plans, strategies and prospects are based on current information, estimates and projections; they are subject to risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Forward-looking statements are not intended to be a guarantee of any event, action, result, outcome or performance in future periods. Cole does not intend or assume any obligation to update any forward-looking statements, and the reader is cautioned not to place undue reliance on them.







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