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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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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 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


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

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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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Saturday, June 6, 2009

Avalon Park Group to build an assisted-living facility

ORLANDO - Avalon Park Group has announced new plans to build a 25,000 square foot assisted-living facility. This facility will be developed at Avalon Park, just east of Orlando.
The architect and general contractor have not been announced yet.
Construction should commence in the early part of 2010.
This project will be built in downtown Avalon Park, across from the Publix supermarket.
If visiting Avalon Park be sure to check out East Orlando's only Farmers Market. It is held each week in Downtown Avalon Park. The market features Vendors such as Papa Gio's Produce, Davis Bakery, and more.
This is a good example of how Commercial Real Estate in Florida can produce income for you.

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Friday, June 5, 2009

Huge Industrial Lease negotiated by Grubb & Ellis

TAMPA - A long-term sublease renewal of 12,000 square feet, was negotiated by Grubb & Ellis|Commercial Florida. The property is in the industrial center, at 9302 Florida Palm Drive, in Tampa.
Jan Boltres and Michael Scott, principals and senior vice presidents at Grubb & Ellis|Commercial Florida, represented the sublessor, Qwest Communications Company of Denver.
The tenant is Tampa-based Office Pavillion, of South Florida.

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

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Northmarq secures $21 Million for DRS Optronics

TAMPA - Senior vice president of NorthMarq Capital’s, Tampa regional office (NorthMarq), Robert Hernandez, has arranged a construction loan in the amount of $21 million.
The loan is to benefit DRS Optronics, in Melbourne.
DRS Optronics occupies the building and the loan proceeds will be used to renovate the original building and expand. The expansion will practically double up the current space to a total of 281,458 sf.
Sutton Properties is the borrower with terms of financing based on an 18 month interest-only loan which will be followed by a 42 month extension.
Northmarq Capital has one of their many offices at 1 Tampa City Center, in Tampa Bay.
"Florida Commercial Real Estate" has plenty of fantastic deals.
"NNN Commercial Real Estate in Florida"

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Thursday, June 4, 2009

Bouchelle Island, New Smyrna Beach Condo project

NEW SMYRNA BEACH - Construction on 60 Condominiums will commence on Bouchelle Island. The DiMucci Companies, the developer for this project, which will overlook the gorgeous Intracoastal Waterway of Florida.
The DiMucci name has meant expert craftsmanship and superb attention to detail in the construction of beautiful buildings. The DiMucci name has been into developing since 1935.
DiMucci Companies have an office at 423 Bouchelle Drive, for New Development Sales, in New Smyrna Beach.
The New Smyrna Beach condos will be priced from the $180,000s to more than $300,000.

"NNN Commercial Real Estate in Florida"
"NNN Corners of Palm Beach"

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Wednesday, June 3, 2009

$40 Million Sale for Apartment Complex in Boca Raton


Boca Raton, Florida - The Net Lease Properties news was thin today so we want to report on another passion, investing in select Apartment Buildings. We want to report that a section of LSR Group has acquired the Arbor Oaks Apartments. This beautiful Florida Apartment Complex is a 360 unit luxury garden apartment community. One of the plus points is that this investment property can be found in exclusive Boca Raton. This is one of the most desirable locations in Florida as it sits in southern Palm Beach County. Recent property tax records had valued the Florida Investment property near $35 Million.

Boca Raton Florida Real Estate

Although not a triple net leased property this investment is made up of one, two and three bedroom flats and town homes. The Investment Property purchase price was $111,111 per unit. This is a great deal for both Buyer and Seller as it came out to $40 Million for the Investment. The Arbor Oaks is out in west Boca Raton, just east of U.S. 441 also known as State Road 7. It encompasses nearly 28 acres, south of Glades Road. This area of Glades Road is a well established and is not far from one of the best Malls in America, the Town Center at Boca Raton. Also nearby is the signalized corner at Glades Road and State Road 7 which has Movie theatres, a Borders book store and many well known stores. Nearby is the original Cheap Car Insurance Quotes office for obtaining the cheapest car insurance quotes in the Country. There is plenty of desirable NNN Commercial Real Estate in this section of Florida.

Investment Property in Florida

The Boca Raton Investment Property is in an exceptional location in Boca Raton and around a half hour drive from the West Palm Beach International Airport. This Investment Property is just a short trip from major freeways, and the tony Palm Beach island. The Tenants at this Investment Property can find employment from West Palm Beach, Fort Lauderdale and other nearby communities. Arbor Oaks is positioned nearby the West Boca Medical Center, Florida Atlantic University and Lynn University. If the Tenants at this Investment Property need to use a different approach for International travels, they can have a short 30 minute drive to the Fort Lauderdale Airport.

The Investment Property Tenants are nearby many areas for shopping and all types of dining, golf and country clubs. The Boca Raton Investment known as the Arbor Oaks reflects the resort lifestyle that many People search for in Florida. This Florida Investment Property has plenty of amenities such as a high quality 6,457 square foot clubhouse that includes a study and business center.

Boca Raton Property For Sale

The Boca Raton Investment Property has a spa, beautiful pool, tennis court, indoor racquetball court, well equipped fitness center, and a playground for the kids. The Tenants leasing at this Florida Investment Property have access to a barbecue - picnic area also. On top of that, the Arbor Oaks encompasses a nicely designed man made lake, and supplies gated access and there are a few private garages for occupants.

LSR Group is a Montreal based commercial real estate company. This Investment Group seeks multi-family real estate developments for growth. This Commercial Real Estate Company also exists as a management company and has operations in Canada and in America.


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Tuesday, June 2, 2009

NNN Commercial Real Estate Action brewing in Tampa's Westshore area


Tampa Bay, Florida - Our Net Lease Properties news today is from Hillsborough County in Florida. The Tampa Bay, St, Petersburg and Clearwater Florida are excellent locations to check for NNN Commercial Real Estate. The Net Lease Properties team sees that the Westshore area has a great deal more action brewing.

A Commercial Real Estate Company, CB Richard Ellis, has recently announced the sublease of 25,127 square feet of space. The NNN Commercial Real Estate in Tampa Bay is being leased to Walter Investment Management. This net lease property is located at the Bayport Plaza in Tampa’s Westshore area for NNN Commercial Real Estate. Apparently CB Richard Ellis represented MMA Financial for their sublease written agreement.

The Hillsborough County net leased property is situated close to so many important businesses in the Tampa Bay area. There are many Net Lease Properties specialists who consider Florida Life Insurance and NNN Property as going hand in hand with investing. This Commercial Real Estate in Florida was a two time winner of an exclusive Commercial Real Estate award. This Tampa Bay NNN Commercial Real Estate won the BOMA Building of the Year twice.

This Net Leased Property in Tampa Bay has a State of the art fitness center to keep tenants in shape. Then after the workout at the Fitness center the Net Leased Property has fine dining and casual dining nearby. Just a few of these Tampa Bay dining establishments are four convenient restaurants such as the Bayside CafĂ©, Petey Brown’s, Oystercatchers & Armani’s.

This NNN Commercial Real Estate also has a Florist and hair salon. The Net Lease properties tenants have 24 hour access with a parking ratio of 4 cars for every 1,000 square feet. This Tampa bay Net Leased Property has covered parking and On site professional property management.

The Florida NNN Commercial Real Estate is situated at 3000 Bayport Drive, in Tampa Bay. This Net Leased property has the Florida Zip Code of 33607. The NNN Property is to be found within the prestigious Westshore submarket with quick and easy access to a major freeway, I-27, This NNN Property also has easy access to, Courtney Campbell Causeway - SR 60 along with the Veterans Expressway. This NNN Commercial Real Estate is in addition next to the Grand Hyatt Tampa Bay and just a few minutes coming from the Tampa International Airport. The Hyatt Hotel shuttle service has a ride ready every 30 minutes to the Tampa International Airport which in itself easy to maneuver around.

The Bay Shore Plaza NNN Commercial Real Estate also offers gorgeous panoramic views of Old Tampa Bay and the breathtaking Westshore’s skyline. Although it is not a NNN Lease property on a corner in Palm Beach County, none the less it is an excellent NNN Investment.

Contact Net Lease Properties to purchase or sell NNN Lease Investments. Also has excellent rates on CTL Financing and Commercial Loans.


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Sub-Lease available at Franklin Templeton Center

St. Petersburg - The Franklin Templeton Center has some unbelievable space available for Lease. It is located in St. Petersburg, just west of the 275 Bridge from Tampa Bay.
The location permits easy access to St. Petersburg, Tampa or Clearwater.
Office space can be leased on the 5th floor or 2nd.
The Building has On-site Management, a fitness center and conference rooms available for Tenants.
Feel free to contact us for more information.

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

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Monday, June 1, 2009

New Bastion Development Inc. of Fort Lauderdale

PANAMA CITY BEACH - A Fort Lauderdale Real Estate Company, named New Bastion Development Inc. just mentioned that it had entered into an agreement to purchase a 757-acre tract of land. The location of the land is east of US 231, in Jackson County.
New Bastion Development Inc. was started to take advantage of real estate opportunities in the Panama City Beach and Marianna area.
New Bastion's website comments on this last undeveloped area of Florida, where current real estate prices are attractive to those that demand value.

Commercial Real Estate in Florida
Palm Beach

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