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Distressed Commercial Properties – Commercial Real Estate over $1.000,000
Great deals on Select Florida Distressed Commercial Properties.
Distressed Commercial Real Estate can be obtained at 20% of Original Sales Price.
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Monday, December 7, 2009

Homewood Suites by Hilton Opens in Orlando


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ORLANDO, Florida - Homewood Suites by Hilton announced the opening of its newest property in Orlando. The huge, seven-story, 130-suite hotel is owned and managed by Kalson’s Hospitality, Inc.
The location of the Hotel is at 11428 Marbella Palm Court, in expanding Orlando. This hotel is conveniently situated just 17 miles away from the Orlando International Airport and one mile from Walt Disney World theme parks and Downtown Disney.
Homewood Suites by Hilton - Lake Buena Vista/Orlando will offer studio, one and two bedroom suites, and five handicap-accessible suites.
The hotel also offers a Caribbean-style swimming pool, sports court, spa, video game room. It also will be sporting 5,800 square feet of flexible meeting space, at the adjacent Hilton Garden Inn Conference Center.
Our staff at NNN Commercial Real Estate, enjoy staying at Hilton Garden Inn, especially in the Atlanta Perimeter.

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Friday, November 20, 2009

High-end Retailers expand at Sawgrass Mills

Palm-Beach-life-insurance-Florida-estates-sawgrass-mall-NNN-Leased

Sunrise, Florida - Our Net Lease Properties news is from west Broward County. This area is where the Florida Panthers play their NHL Hockey Games. Also this western suburb of Fort Lauderdale has the huge Outlet Mall, Saw Grass Mills.

We recently read that Sawgrass Mills is ready to expand again. The Sawgrass Mills Outlet Mall is adding to the Colonnade Outlets at Sawgrass Mills. The Owner, Simon Property Group announced the 22,000-square-foot expansion, which is set to open in the fall.

One main retailer will be the Italian company, Canali. This will be the first outlet store for Canali. The retailer Canalai has upscale clothing and is an excellent Italian menswear designer.

Some other new Net Leased Properties tenants will include, respectable Swiss watchmaker Tag Heuer, comfortable clothing by retailer Tommy Bahama, the must have, luggage and travel accessories maker Tumi and True Religion Brand Jeans. These will be the first South Florida outlet locations for these retailers.

The new retail Net Lease Tenants have stores which will be at the east end of the Colonnade section. This portion of Retail Net Leased Properties was a 2006 addition to Sawgrass Mills.

There are several Commercial Corners in this area. NNN Palm Beach has not invested in any of these Signalized Corner locations as of yet.

Sawgrass Mills is Florida’s largest outlet, with 2.4 million square feet. The project, which opened in 1990, offers more than 350 name-brand outlet and off-price retail stores, as well as entertainment and dining. The Colonnade Outlets at Sawgrass Mills is an 110,000-square-foot open-air promenade at the south side of the center.

Villagio, with Italian dining by Miami restaurateur Tom Bilante is also planning it’s entrance to Sunrise. Villagio will be located in a freestanding unit set to open in 2010.

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers, The Mills, community/lifestyle centers and international properties. NNN Commercial Real Estate is still thriving in Florida.

Commercial Real Estate Search & Non-Recourse Loans


If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE.

We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding, and Non-Recourse Loan to purchase a new commercial property.


Sawgrass Mills NNN Commercial




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Wednesday, October 7, 2009

Pei Wei Asian Diner plans for Sarasota location


Pei Wei Real Estate


SARASOTA - The appetizing and affordable, Pei Wei Asian Diner chain has plans for South Florida-based RCC Associates General Contractors to build another restaurant location. The new Pei Wei Asian Diner will be at University Center, in Sarasota.
This will be another Florida Pei Wei establishment combining with others in Tampa Bay, Orlando and Boca Raton.
Pei Wei Asian Diner belongs to its parent company, P.F. Chang’s China Bistro, based in Phoenix.
The new location for Pei Wei will be at 8511 Cooper Creek Blvd., by University Parkway.
It is projected to be a restaurant sized at 3,027 sf, capable to seat 94 hungry people.
This Sarasota Pei Wei Asian Diner is scheduled for completion in this month.
NNN Commercial Real Estate has eaten at some of these and were very pleased with the Restaurant.

Net Lease Funding & Commercial Real Estate Search


If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, or Triple Net Lease Properties then contact us, HERE. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a new property.


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Wednesday, September 30, 2009

Net Lease Investment with Kohl's as Tenant

Plantation, Florida - Net Lease Properties did a post last March, on a new Kohl's being built in Plantation, Florida. Well that Kohl's net leased investment has been constructed and they are hiring people for that location. Plantation is just west of Fort Lauderdale. This Kohl’s in Plantation will create about 130 to 155 new jobs in the area. It is the 48th Kohl's Department store.

This commercial real estate ended up with an address for Kohl's Department Store at 821 S University Drive. Commercial real estate nearby has Anchors such as Barnes & Noble, Marshall's, Jos. A. Banks and Home Goods. This area gets quite a bit of retail traffic, which is a must for Net Lease Investments.

Net Lease Properties & Commercial Loans

If a Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Property Investments.

Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

•AutoZone Net Leased Properties
•Burger King Net Leased Properties
•Costco Net Leased Properties
•CVS Net Lease Investments
•FedEx Net Leased Properties (Federal Express Net Leased Properties)
•Home Depot Net Leased Properties
•Kohl’s Net Leased Properties
•Kroger Net Leased Properties
Lowe’s Net Leased Properties
McDonald’s Net Leased Properties
•Oreilly’s Net Leased Properties
Publix Net Leased Properties
•Safeway Net Leased Properties
•Staples Net Leased Properties
•Steak n' Shake Net Leased Properties
•Target Net Leased Properties
Walgreens Net Leased Properties
Wal-Mart Net Leased Properties
•Wendy's Net Leased Properties

If you are considering purchasing Commercial Real Estate or a Triple Net Leased Property, you can apply for Credit Tenant Loan, Non Recourse Loans and Commercial Loans at Loanrise.com.




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Sunday, September 13, 2009

Florida Oceanfront Mansion priced below Market!

Special Home by Net Lease Properties



Location! Prime Florida Oceanfront Home

Price: $3,999,000

REDUCED from $8,000,000. Sailfish Point Gated Marina / Golf Course Community.

Must See it to Believe it..

5 bedrooms, 6 full and 2 half baths.

This stunning Newly Renovated Oceanfront Estate features: 123ft of Ocean frontage. 30ft ceilings in living room, 3 guest suites, professionally equipped kitchen,

This is a completely renovated ocean front home with Intracoastal access.

It includes panoramic views of the Atlantic Ocean, Soaring Ceilings, "Walls of Glass", and Coral Stone Columns.

Enjoy the 30' Coral Stone Fireplace, new Lagoon Pool with waterfalls and your own Theater & Recreation Room.

Designed by Award Winning Architect "Barry Sugarman"

It is possible to deliver to you this Home Fully Furnished

NNN Florida



Commercial-Real-Estate



Single-Tenant-Net-Leased



Commercial-Real-Estate-Properties




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Wednesday, September 9, 2009

Orange County Library takes 13,000 sf

ORLANDO - NNN Commercial Real Estate reports some news for the Orlando area. The Orlando office of CB Richard Ellis negotiated a 10-year lease on 13,455 square feet for the Orange County Library System. The location is in the Highland Lakes Shopping Center, on West Colonial Drive. This Orlando Library happens to be in a portion of the former Office Max.
Margo Thomas, senior retail specialist, at CB Richard Ellis did negotiations.
Genny Spies and Christin Jones of the Shopping Center Group represented the landlord, Simon Property Group.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎


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Monday, September 7, 2009

Holiday Inn Express Hotel & Suites opens in downtown Largo


Holiday Inn Commercial Real Estate


TAMPA, Florida - Holiday Inn Express Hotel & Suites - Largo Central Park has just opened, as announced by developer BayStar Hotel Group. This new Hotel is located at 210 Seminole Boulevard, in downtown Largo. The cost of this hotel was $11 million. It is a five-story hotel with 95 guest rooms, including 29 suites.
BayStar Hotel Group, which developed, owns and operates the nearby Hampton Inn & Suites Largo Central Park.
The new Holiday Inn Express possesses a 100-seat, 1,240sf meeting room, along with a state-of-the-art executive board room.
Now, they can offer 187 rooms in the Largo Area. They can accommodate groups attending events at the Largo Cultural Center, and serve the medical and business community.
Holiday Inn Express hotels participate in the InterContinental Hotels Group guest loyalty program.
If you stay at this hotel you must frequent Frida's Cafe & Bakery. Frida's is about 1 and six tenths of a mile, south east of Holiday Inn Express Hotel & Suites. Frida's has great sandwiches and unreal baked goods. Bring your laptop to Frida's and use their free WiFi.
NNN Commercial Real Estate has enjoyed many stays at Holiday Inn Express across America.

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Thursday, September 3, 2009

NNN Commercial Real Estate reports Hedrick Brothers renovates Braman BMW

WEST PALM BEACH, Florida - Net Lease Properties news today is on Braman BMW. Hedrick Brothers Construction has just completed the 45,000 square foot renovation and addition to Braman Motorcars, of West Palm Beach. Renovation was done on the BMW showroom, including offices and the service garage with a new state-of-the-art air conditioning system. Also included in this renovation was an addition of the pre-owned and covered service areas. The parts department was increased in size and renovated.
Hedrick Brothers Construction is celebrating its 30th anniversary this year.

Headquartered in West Palm Beach, Florida, Hedrick Brothers Construction provides the highest level of craftsmanship and professional management for general contracting, construction management and pre-construction services. "NNN Commercial Real Estate" would like to note that Braman has excellent customer service. They are not some snobby high-end car dealer.
The BMW showroom is just east of the busy signalized intersection of Palm Beach Lakes Boulevard and Okeechobee Boulevard. One of the nearest net lease properties is a Walgreens. This net leased property is at 2200 Palm Beach Lakes Blvd, in West Palm Beach.

Palm Beach BMW


Net Lease Properties & Commercial Loans

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property.



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Sunday, August 23, 2009

Florida KFC sells for $650,000


KFC Commercial Real Estate


LONGWOOD - NNN Commercial Real Estate has news to report. A KFC in Longwood, Florida was recently sold. This deal was for a single-tenant net lease deal. The location of this dining establishment is at 385 US 17-92 S. in Longwood, Florida. The price, paid by Jade Palace Longwood LLC, was $650,000.
You can't go wrong with most KFC's. The original recipe is hard to beat.
This restaurant is one and a half miles east from Ginellis Coffee Shop, located at
190 S Ronald Reagan Boulevard.
Wendy Supino, CCIM, of Sperry Van Ness in Lake Mary, represented the buyer. The buyer as previosly mentioned was Jade Palace Longwood LLC. Wendy Supino is a Senior Investment Advisor.
The Seller had representation from Nicole Barry of RRE Realty Services LLC, based in Orlando.


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Friday, August 7, 2009

Construction starts on DeSoto Palms, assisted living facility

SARASOTA - Construction has started on DeSoto Palms. DeSoto Palms will be an assisted living facility, with 84 Units. The location is at 5601 N. Honore Avenue, just off DeSoto Road, in Sarasota.
CORE Construction Florida started the construction, as word has it from it’s President, John Wiseman.
Core Construction is a national builder that has offices in Florida, Arizona, Illinois, Nevada and Texas.
An investment group which is headed by doctors at Intracoastal Medical Group, in Sarasota, funded this project.
This facility will cost an estimated $13 million to build. The grand opening is expected in February, 2010.
Intercoastal Medical Group has 24 offices in the counties of Sarasota and Manatee.
When visiting you will be able to get your coffee at Starbucks‎, at 5191 Clark Road. This Starbucks is 0.3 miles south west from this future assisted living facility. This is not at a signalized corner but a very nice location to own Commercial Real Estate. BMW Southpointe‎ is located very close by at 5151 Clark Road.


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Tuesday, August 4, 2009

Nordstrom Rack plans to open in Kendall


Commercial Real Estate Lease


MIAMI, Florida - Nordstrom, Inc., a leading fashion specialty retailer, has announced it will open a 35,000-square-foot Nordstrom Rack, at The Palms at Town & Country in Kendall, in spring of 2010. Kendall is a Miami suburb. Nordstrom Rack, is a unit of the Nordstrom, Inc., operating as their off-price retail division. The Palms at Town & Country is located at 8268 Mills Drive, in Kendall, Florida.

This will be the retailer's third Nordstrom Rack in the state of Florida, which includes a new Nordstrom Rack that will open at Millenia Crossing, in Orlando. That grand opening is anticipated to be in the fall 2009. Additionally, the company operates nine Nordstrom full-line stores in the state of Florida. Nordstrom is well known for excellent customer service.

The Palms at Town & Country, is owned by TIAA-CREF and being redeveloped by Flagler Development Group, will unfold a total of 700,000 sf of mixed retail components, including 400,000 sf of beautiful, new Mediterranean-themed open-air retail and a 133,000 sf professional arts center. The three phase renovation will be complete in 2010. This magnificent development will include restaurants, as well as pedestrian-friendly walk-ways and personal valet parking.
Palms at Town & Country, was formerly called Kendall Town & Country Center. NNN Commercial Real Estate has awesome opportunities in this area.

Its existing tenants include Marshall's, Men's Wearhouse, New York & Co., Publix and 24 Hour Fitness.
Many shopaholics will be thrilled to be able to have a Nordstrom Rack in Miami.



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Thursday, July 23, 2009

Great Northern Investments buys a Warehouse

FORT MYERS, Florida - Net Lease Properties news for today comes from Fort Myers, on the west coast of Florida. Great Northern Investments LLC recently purchased a 41,648 square foot warehouse building on Eighth Street West, south of Lee Boulevard. The purchase price was $2.54 million. This price equated to $61 per square foot of building space. The building, which sits on a 2.9 acres parcel, is currently leased to LeeSar Great Northern Investments for its record storage and management offices.
The property is located at 5597 Eighth St. W., in Lehigh Acres. It is approximately 7 miles east of Fort Myers.
Bob Johnston and Jerry Messonnier with Grubb & Ellis, 1st Commercial LLC represented the seller, Westgate Medical Records LLC. The buyer was represented by Tom Daugherty of Daugherty & Associates.
The building is leased to a documents storage company.
It was built in 2005, the facility features a two-story 6,400-square-foot office space and a 7,000-square-foot clean room.
The purchase price equated to a healthy 8.7% cap rate. Our Commercial Real Estate Investors are looking for similar cap rates on net lease properties.
"NNN Palm Beach"

Net Lease Properties & Commercial Loans

If a Multifamily Apartment Complex is of interest to you then contact us, HERE. We can also assist you with your Commercial Loans and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or another Net Lease Property.


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Tuesday, July 21, 2009

RCC Associates to renovate Victoria’s Secret

BOCA RATON - Limited Brands has selected award-winning buildout contractor RCC Associates to renovate its popular Victoria’s Secret store at Boca Town Center. This renovation will include a 3,000 sf addition to showcase the company’s very successful Pink brand.
The new Pink addition and the renovation of the existing 8,176 sf Victoria’s Secret store will give the retailer a total of 11,176 sf.
The completion of the renovation is set for August, and the Pink addition is anticipated for completion in late October.
RCC Associates has completed more than ten buildout assignments for Victoria’s Secret. They built a Victoria’s Secret Pink location on Lincoln Road in Miami Beach just last year.
The Boca Town Center store will continue operation during the renovation and addition.
The Architect for this project is Steven Craig Nelson of San Francisco, California.
The collection of stores at Boca Town Center is so impressive that it is one of the absolute best malls in the entire State of Florida. It is also currently the largest shopping mall in Palm Beach County. This Mall is located between 2 highly traveled signalized corners on Glades Road in Boca Raton.

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Saturday, July 18, 2009

Wade Trim connects with Dunedin

TAMPA - Tom Brzezinski, PE, executive vice president of Wade Trim which is a civil engineering and planning firm, has taken on the role of chief business development officer. Brzezinski works his expertise from Wade Trim’s Tampa office at 8745 Henderson Road.
One of many projects Wade Trim is currently working on is the Dunedin’s Master Plan update. After 20 years of successful implementation of their original Master Plan, Dunedin, FL, has gained the recognition of being one of “America’s Most Walkable Cities” and one of the “Best Places to Live” as described by Money Magazine.
The City is ready to take their Downtown area to a higher level by making better use of assets such as the marina/waterfront, the Pinellas Trail, and ongoing redevelopment projects, while maintaining Dunedin’s unique. Perhaps NNN Palm Beach can find a lucrative investment in the area. Dunedin is 23 miles west of Tampa.
Wade Trim is assisting with the City’s Downtown Master Plan update by coordinating an intensive community outreach program to identify new challenges and opportunities.
Besides the Tampa Office, Wade trim has a beautiful office at 3300 PGA Boulevard in Palm Beach Gardens. Another unique office of Wade Trim sits at 500 Griswold Avenue, in Hockeytown otherwise known as Detroit. This Detroit office is their Corporate Office.



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Thursday, July 16, 2009

Tallahassee KFC Restaurant sells for $1.8M

TALLAHASSEE - Envision Credit Union recently bought a Kentucky Fried Chicken for $1.8 million. The restaurant is at 3519 Thomasville Road, in Florida’s capital Tallahassee. Envision Credit Union does plan on converting this property into a credit union site.
Sperry Van Ness worked the deal. The transaction was negotiated by Ted Bollmann and Chris Marino of Sperry Van Ness - SouthLand Commercial.
The KFC consists of a 3,500 sf building on 0.67 acres and it has shared access and parking with a proposed Publix.
Envision Credit Union has their Main Office at 440 North Monroe Street, in Tallahassee.
This is not a NNN "Commercial Corner" however it is a nice location.


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Tuesday, July 14, 2009

Dollar General Sale in Polk City

ORANGE CITY - The Polk City Dollar General Store sold recently for $550,000.
Mr. Bob Manor of Coldwell Banker Commercial AI Group, in Orange City negotiated the sale. of a to a St. Petersburg company. Bob Manor represented the seller, Sand Dollar LLC of Fort Smith, Arkansas.
The buyer was R2 Property Company Ltd. They were represented by Bob White of Bob White Realty, of St. Petersburg.
The store is 8,000 sf and is located at 620 Broadway Blvd. S.E. This location is 2 blocks from Hungry Howies Pizza & Subs‎.
Polk City is 47 miles north east of Tampa Bay.
"Florida NNN Commercial Real Estate"


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Monday, July 13, 2009

WBS Properties purchases Grand Oaks development

PALM BEACH - WBS Properties which is a subsidiary of Estates of Grand Oaks LLC has just closed on the 40-acre lakefront development of Grand Oaks, in Avon Park. Avon Park is approximately 122 miles, north west of NNN Palm Beach headquarters.
This gated community consists of 127 finished lots, according to a press release from the company. Also, there are 25 premium lakefront lots which have unobstructed views of the 280-acre Lake Damon. The 100 other lots are located on well landscaped and buffered cul-de-sac streets.
The purchase price was noted to be $1.4 million.
The new owners, Estates of Grand Oaks LLC, are very seasoned Commercial Real Estate owners and developers, throughout the southeast. Currently the company owns the shopping center in Avon Park where a great Publix is located.
The new owners were represented by Steven Aberman of Brookside Realty Corp., in this transaction. The sellers were represented by Chip Boring of RE/MAX.
"NNN Signalized Corner"

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Friday, July 10, 2009

Commercial Property: Bank Loan Program

ALTAMONTE SPRINGS, Florida - Mercantile Capital Corporation is a Florida based firm that ranks as one of the nation’s leading providers of U.S. Small Business Loans. Mercantile Capital Corporation has Administration (SBA) 504 loans for small business owners who want to acquire or expand their operations. They have announced a new Community Bank Loan Program.
The company will provide financing for bank clients who have projects outside of the bank’s lending parameters and geographic areas. Some examples are special-use properties like restaurants, daycare facilities and marinas. This program is greatly needed as Florida has some of the finest deepwater Marinas.
Through Mercantile’s Community Bank Loan Program, banks would be able to offer their small business clients up to 90% financing (including closing costs) to purchase or construct owner-occupied commercial property.

NNN Commercial Real Estate in Florida


There are plenty of benefits of Net Lease Investments such as using a 1031 tax deferred exchange. Unlike other investments, commercial real estate is a great tax saver and helps you defer capital gains tax by using the 1031 tax deferred exchange.

If you are buying investment property, Contact us HERE for:
1031 exchanges
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Triple Net Properties
Investment Property For Sale
Buying Investment Property
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When you are purchasing Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com.



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Thursday, July 9, 2009

St. Pete's Indoor Car Racing Venue

TAMPA - A new businesses venture has opened up for Bertrand Ollier, it is the Tampa Bay Grand Prix. It is a unique indoor car racing venue for amateur car racing enthusiasts.
Ollier has signed a lease for approximately 40,000 square feet of space. The described lease is for the entire industrial building at 12350 Automobile Blvd. in Clearwater. His real estate advisor for this project is Jon Slater.
Mr. Slater is Managing Director of the international commercial real estate services firm, Studley.
In 2004, Studley established its 18th office in Tampa, Florida, in order to better serve tenants in the burgeoning Florida office market.
Ollier will specialize in hosting corporate events, but will also accommodate families.
The landlord for this fine space is Automobile Boulevard LLC. Automobile Boulevard LLC was represented by John Jenkins and Brooke Pillinger of CB Richard Ellis.
This future indoor car racing venue is only 4.5 miles south of PIE, aka St. Petersburg-Clearwater International Airport.
"NNN Palm Beach Commercial Real Estate"


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Saturday, July 4, 2009

Happy Fourth of July!



"NNN Commercial Real Estate of Florida"


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Friday, June 26, 2009

SIKON set to build Walgreens in Boynton Beach

BOYNTON BEACH - A sweet contract for the new 15,000 sf Walgreen’s, at Canyon Town Center retail center, was awarded to SIKON Construction Corp. Canyon Town Center is located at Boynton Beach Boulevard and Lyons Road in Boynton Beach.
The project was designed by FWH Architects and will be developed by RAM Development, of West Palm Beach. It will sit across from the Publix Grocery Store at Canyon Town Center, which was constructed by SIKON.
The tenants now open at Canyon Town Center are Publix, a great Panera Bread, U.S. post office, Bank of America, Wachovia, Shop on Impulse, V & Mi Nails and Mergen Martial Arts.
Businesses set to open in the near future at the shopping center are AmTrust, Frozen Delight Ice Cream, Dry Clean USA, After the Stork Baby Clothes, Conte Salon, Comcast, Sports Rehab & Chiropractor, Massage Envy, Hair Cuttery, Walgreens and Burn Fitness.
SIKON Construction Corporation is a national leader, in the industry. They provide exceptional personal service to their clients and implement the latest, in information technology.

"NNN Palm Beach Corner"

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Tuesday, June 23, 2009

Apollo Beach Chamber of Commerce at MiraBay Village

TAMPA - Crosland LLC recently announced the opening of several new businesses to it’s MiraBay Village. The businesses are the Incognito Lounge, Marco Nail & Spa, Satterfield Law Firm and the Apollo Beach Chamber of Commerce.
MiraBay Village is a 31-acre village center located at the entrance to MiraBay, which is a 750-acre waterfront community in Apollo Beach. Apollo Beach is 20 miles south of Tampa.
The new tenants total more than 8,100 sf. This site is presently anchored by a 50,000 square foot Sweetbay Supermarket.

The Apollo Beach Chamber of Commerce relocated to MiraBay Village in late April. The relocation was found to be necessary because of the chamber’s growth.

Crosland is one of the leading diversified real estate companies in the Southeastern region of the United States.

"NNN Palm Beach"

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Monday, June 22, 2009

Wachovia has broken ground in Kendall

MIAMI - Wachovia has broken ground on a 4,500 square foot branch located at The Palms at Town & Country. Flagler Development Group and TIAA-CREF Global Real Estate have announced this development which is under construction at 8268 Mills Drive in Kendall.
The Palms at Town & Country, is owned by TIAA-CREF and being redeveloped by Flagler Development Group, will unfold a total of 700,000 sf of mixed retail components, including 400,000 sf of beautiful, new Mediterranean-themed open-air retail and a 133,000 sf professional arts center.
Palms at Town & Country, was formerly called Kendall Town & Country Center.
With an unrivaled combination of prime land holdings, Class-A properties, vast capital resources and market knowledge, Flagler Development Group is one of the leading integrated commercial real estate firms specializing in commercial and industrial workplaces in Florida.
"NNN Florida Commercial Real Estate"


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Friday, June 19, 2009

Wal-Mart Neighborhood Market coming to Largo

LARGO - This summer Largo shoppers will be able to purchase groceries at the renovated Barclay Square shopping center. Wal-Mart Neighborhood Market is scheduled to open in July at the 98,000 square-foot center. Barclay Square shopping center is located in Pinellas County, at the busy intersection of Walsingham Road and Indian Rocks Road. However this is not our desired NNN Signalized Intersection.

The Neighborhood Market, which is Wal-Mart’s grocery concept, will encompass 41,000 square feet. It will offer a full-line of grocery items, pharmacy and general merchandise.

A multimillion-dollar renovation of Barclay Square, including a completely remodeled facade, new lighting, enhanced landscaping and a resurfaced parking area will coincide with the grand opening of the Market.

Largo is one of the Tampa Bay area's largest cities. It is located near the Intracoastal Waterway. Barclay Square also draws customers from Belleair, Clearwater, Seminole and Indian Shores.

Wal-Mart Neighborhood Market will join over 15 local, regional and national retailers including Omega Cabinets & Granite, Tuesday Morning, Blockbuster, Edward Jones and a new Regions Bank.

Edens & Avant is the owner of the complex and is one of the leading retail real estate companies in the nation. The Company's portfolio consists of neighborhood, lifestyle and power centers, with many located in infill locations in urban markets. Edens & Avant has regional headquarters in Atlanta, Boston, Miami and a Corporate Office in Columbia, South Carolina.
"NNN Commercial Real Estate of Florida"


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Wednesday, June 17, 2009

North Palm Beach retail center grabs $3 Million loan

NORTH PALM BEACH, Florida - Coconut Cay Shoppes, a retail strip center at 12100 US Highway 1, has recently obtained $3,000,000 in financing. This commercial Mortgage Loan has been arranged through a regional bank. Loan terms were a 6.25% interest rate, three-year term and a 25-year amortization schedule.
The property is a three-building unanchored strip center which houses the Siam Square‎
Thai Restaurant, in North Palm Beach. The complex is approximately 27,900 square feet. The location is half mile north of the busy signalized intersection of PGA & US 1.
Currently the property is more than 90% leased.
A boutique Real Estate Investment Banking firm that provides creative and responsive financial solutions for capitalizing commercial real estate arranged the mortgage.
Doval Investments LLC was the borrower. Doval Investments LLC has a portfolio of retail and multifamily properties throughout Florida and into our northern neighbor, Canada.

Triple Net Lease Properties

If a Triple Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Investments.

Triple Net Lease Properties are an ideal debt replacement Vehicle for 1031 Investors who are involved in a 1031 tax deferred exchange.
Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

•AutoZone Net Lease Investment
•Burger King Net Lease Investment
•Costco Net Lease Investment
•CVS Net Lease Investment
•FedEx Net Lease Investment (Federal Express Net Lease Investment)
•Home Depot Net Lease Investment
•Kohl’s Net Lease Investment
•Kroger Net Lease Investment
Lowe’s Net Lease Investment
McDonald’s Net Lease Investment
•Oreilly’s Net Lease Investment
Publix Net Lease Investment
•Safeway Net Lease Investment
•Staples Net Lease Investment
•Steak n' Shake Net Lease Investment
•Target Net Lease Investment
Walgreens Net Lease Investment
Wal-Mart Net Lease Investment
•Wendy's Net Lease Investment

You can find capital for Commercial Loans, and Non Recourse Loans at Loanrise.com. Also capital is available for a Credit Tenant Loan.


"Florida Commercial Real Estate"


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Monday, June 15, 2009

A Jacksonville Southside Apartment Complex has sold

JACKSONVILLE - Southern Pines, a 200-unit apartment community, in Jacksonville, Florida has just sold. Walchle Lear Multifamily Advisors brokered the sale. Steve Lear and Bart Walchle of Walchle Lear Multifamily Advisors had an exclusive listing on the apartment community. Southern Pines was built in 1989, and is located at 10010 Belle Rive Boulevard.
The sale price was $13 million or $65,000 per unit.
Walchle Lear Multifamily Advisors is a Jacksonville, Florida based real estate service firm. Their focus is on the brokerage of multifamily communities and multifamily land in Florida.
The Buyer was the Real Estate Private Equity firm, Covenant Capital Group LLC.
Covenant Capital Group is a real estate private equity firm specializing in the acquisition and redevelopment of apartment communities. They often do this through joint ventures with local operating partners. Covenant manages approximately $360 million of equity invested in over $950 million of apartment assets.

"Florida Commercial Real Estate"


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Sunday, June 14, 2009

Love Funding secures $47.2M loan for Multifamily Project


Palm Beach Office Building


PALM BEACH - The Palm Beach office of Love Funding closed a new construction/permanent loan, for $47,212,900. The loan is for the Village at Secret Lake, which is a planned 432-unit multifamily housing complex. The project is in Kissimmee, Florida.
Carolyn Whatley, first vice president and senior loan originator with the company’s Palm Beach office, originated this transaction, from sunny Florida. Love Funding is a national full-service, commercial mortgage-banking firm. Love Funding commenced mortgage-banking operations in 1984.
Village at Secret Lake is planned for 12 separate, four-story buildings which will have elevators. It will also feature a conservation area, pond, putting green, small tot lot and an oversized resort-style pool.
Love Funding was able to secure funding, for the construction of this proposed development, through an FHA-insured loan.
Commercial Real Estate in Florida has some interesting Investment opportunities.


NNN Commercial Real Estate"

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Friday, June 12, 2009

SunTrust Bank completes renovation, in Fort Myers

FORT MYERS - The SunTrust Bank branch at 4415 Metro Parkway, in Fort Myers, has completed their renovation. J.L. Wallace Inc. was in charge of seeing the renovation through.
David Grossman of J.L. Wallace was the project manager, with Joy Ready as project manager assistant. Brian Dragich served as superintendent.
The project saw the installation of new ceilings, lighting and flooring, in the existing 4,081sf building.
J.L. Wallace is based in Fort Myers, Florida. They have provided general contracting and construction management services in Southwest Florida, since 1997. The company specializes in commercial projects, including structures for retail, industrial, institutional and office use.
The Metro Parkway Branch, of SunTrust Bank is one of domestic offices in Fort Myers. It was established in 1981. SunTrust Bank has served as a Full Service Brick and Mortar Office.
"NNN Commercial Real Estate"
"NNN Corners of Palm Beach"

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Thursday, June 11, 2009

New hhgregg coming to Sarasota Crossings

SARASOTA - Keene Construction Company has broken ground on the new multimillion-dollar Sarasota Crossings redevelopment. This makeover will be on Fruitville Road, close to a half mile west of I-75, in Sarasota.
The expansion is being made for a new 30,000-square-foot store for hhgregg, a major Midwest appliance and electronics store, and a 21,000-square-foot Office Depot.
This project is being constructed for the owner Commodore Realty, of Key Biscayne.
Hhgregg has launched an aggressive expansion campaign, in Florida last year. They have opened 13 stores and hired approximately 400 workers. The most recent store opening was in Melbourne, Florida.
The building was designed by Cuhaci & Peterson Architects of Orlando. The interior of hhgregg will be handled by Herschman Architects of Cleveland, Ohio.
Construction is slated for completion in October.

"Florida Commercial Real Estate"
"NNN Signalized Corner"

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Wednesday, June 10, 2009

Signalized Corner of Keene Road, in Largo, Pinellas County


SweetBay Commercial Property


TAMPA - Indigo Joe’s Plaza was recently announced to be included in RMC Property Group's portfolio.
RMC Property Group is one of Florida's most innovative full-service commercial real estate leasing, management, acquisition and development company.
Indigo Joe’s Plaza is located on the signalized corner of Keene Road and East Bay Drive, in Largo. Largo is very close to Clearwater and St. Petersburg's city limits.
This development of a retail shopping center, is anchored by Sweetbay Supermarket, You Fit Health Club and Indigo Joe’s.

Florida Commercial Real Estate still has some exciting offers.


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Tuesday, June 9, 2009

Enterprise National Bank Building Sale in North Palm Beach

triple-net-lease-properties-north-palm-beach

North Palm Beach, Florida - There are many triple net lease properties in the United States, and North Palm Beach is a favorite for Net Lease Properties news. We saw that The Enterprise National Bank Building has sold for $4 million or approximately $192.57 per square foot. This net lease property, two-story mixed-use building is located at 11811 U.S. Highway 1, in North Palm Beach. The Buyer was reported as Urban Realty Partners. However, Palm Beach County tax assessors records showed 11811 HIGHWAY ONE REALTY LLC purchased this fine net lease property. 11811 U.S. Highway 1 could be an affiliate of Urban Realty Partners LLC.

This Commercial zoned property is a two story, free standing professional office building. This net lease property has a total area of 20,770 square feet for net leases. This net leased property is situated on approximately 2.31 acres with 300 lineal feet of frontage on a main road, US Highway 1. The distinguished net lease property is situated just north of PGA Boulevard. It's location and general building layout is favorable for either a single tenant owner-user or for multi-tenant office building use. This NNN Commercial Real Estate structure was built in the 1970's and has undergone renovations and additions in the 1980's. The net leased property also saw renovations in in 1998 and early 2000.

This net lease property falls into the value-added category for commercial real estate. As this net leased property has expansion capability with an extra large parking lot and extensive grounds. This net leased property saw some damage from the hurricanes in 2004 and 2005. Due to hurricane damage, the net lease tenants vacated, thus leaving the net lease property with one 3,700 square foot bank tenant. That Bank also has a drive through. This net leased property had all the restrooms and common areas renovated, and a new roof is being completed in the near future. The net leased property has a generous parking lot that will accommodate 128 cars. The net lease property benefits from high visibility, traffic count, good signage and great access from both northbound and southbound lanes on US Highway 1. The NNN Commercial Real Estate is conveniently located and can be reached via the Florida Turnpike and Interstate 95, both of which have interchanges on PGA Boulevard. Investment Property financing was arranged by a National Bank, not Enterprise Bank.

This net lease property is currently anchored by Enterprise National Bank, which features a three-lane bank drive-through. Also the NNN Commercial Real Estate has a Melting Pot restaurant at the location. Enterprise Bank Of Florida is a full Service Brick and Mortar bank. The Enterprise National Bank combines the best of both worlds with personal attention and community values of a local bank, and easy-to-use and innovative services that are among the best in the banking world. The Enterprise Bank was founded in 1990, and has a goal to be an independent bank rooted in the community that delivers sophisticated financial services. They emphasize friendly, convenient customer relationships and a high level of community involvement.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or 1031 exchange opportunities.

If you need financing for NNN Commercial Real Estate, you can apply for Commercial Loans at Loanrise.com.



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Monday, June 8, 2009

Met Life sub-lease in Fort Myers

FORT MYERS - Metropolitan Life Insurance Company has sub-leased 3,944 square feet from Noble Title & Trust LLC. The building is at 9530 Marketplace Road, No. 108, in Fort Myers.
The sublessor was represented by Derek Bornhorst with Grubb & Ellis | 1st Commercial.
Tiffany Luongo, from Coldwell Banker Commercial represented the sublessee.
This Met Life location is just west of I-75.

There is an available 5 +/- acres at a Signalized Corner, in Fort Myers.
It is on South US 41, with an asking price of $3,599,500.
Florida Commercial Real Estate has some exceptional property available.

Also, NNN Commercial Real Estate in Florida has many opportunities at the present time.


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Sunday, June 7, 2009

Plans to start Sonesta Mikado Hotel Miami

MIAMI - Plans have been announced to start construction, this June, on Sonesta Mikado Hotel Miami. This Development will have a 252-key mixed-use hotel with oversized rooms and double suites. This Hotel will also feature 119 luxury residences. There will also be office and retail space available. It is proposed to be a 40-story property.
Tibor Hollo, president of Florida East Coast Realty (FECR), has made the announcement. Florida East Coast Realty has been in business, in Florida, for over 50 years.
Sonesta will manage the property. The location will be at 1701 NE 4th Ave., across from Margaret Pace Park and Biscayne Bay.
No details on financing were disclosed.
There has been reports of an influx of Private Equity Financing becoming available for Florida Commercial Real Estate.

"Commercial Real Estate in Florida"
"NNN Palm Beach Corner"

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