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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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