A Net Lease Renewed For LexisNexis in Boca Raton

Boca Raton, Florida – Net Lease Properties has news from beautiful Boca Raton, Florida. LexisNexis has a new net lease renewal at the Meridian Commercial office complex. This net lease is a 10 year, $13 million lease. This location at the Arvida Park of Commerce, is close to the I-95 exit for Yamato Road. It is located at 6601 Park of Commerce Boulevard, Boca Raton. This is very close to the Boca Raton Panera Bread on Yamato.

This area of Boca Raton can get anywhere from $14 to $17 per square foot for triple net lease properties. We did see some smaller Office space with a triple net lease available under $14 per square foot.
The landlord of the Meridian Commercial office complex is a pension fund advisor based in New York known as Granite Meridian, LLC.

LexisNexis has the entire, 61,524 square foot building under lease. LexisNexis is a strong, credit tenant, one of the best in Boca Raton. They thought it was better to stay put then to move their entire Office facilities to a new net lease property.

The net lease property is located within minutes from Florida Atlantic University, fine Restaurants and Shopping.

LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. A member of Reed Elsevier, LexisNexis serves customers in more than 100 countries with more than 15,000 employees worldwide.

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.

Shopping Center with Tenants on Lease Sold

Commercial Real Estate

BOCA RATON, FL - Net Lease Properties would like to announce the sale of Yamato Plaza, in Boca Raton, Florida. It is a 6,065 square feet Shopping Center in Boca Raton. Yamato Plaza LLC sold the property for $900,000 to Ablar Yamato LLC.

Yamato Plaza is in the Arvida Park of Commerce on Yamato Road. It is just west of I-95 and is adjacent to Lifetime Fitness. McDonald's and Hampton Inn. The Tenants with leases include Dean Anthony’s Pizza, Fresco Food Works and Bluefin Express Sushi.

This area is always hopping. Triple Net Lease Properties are a gem in this area. There are also some nice Apartment Buildings in Boca Raton, Florida. South Florida is a beautiful area to live as well.

If you feel this is the right time to invest in a Triple Net Lease property or an Apartment Building then contact us, HERE. Net Lease Properties can also assist with your Mortgage to purchase it.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 299-0912

Commercial Real Estate Development Company Acquisition

BOCA RATON - Commercial Real Estate News reports that The Dizengoff-Trading Group, which is an Israeli-based trading and real estate development company, has completed the acquisition of 115 units. The Units are at the Condominiums at Courtney Park. The location is 5080 Lantana Road in Lake Worth, Florida. The purchase price was for $6.86 million, which comes to $59,652 per unit.

After this transaction, it gives Dizengoff control of 60% of the 192 units at the complex.
The Seller was Bank of America N.A. Dizengoff now owns approximately 233 condo units in South Florida.

A Condominium Building is a great investment although not a Net Leased Property, it still is a great property to own.

This Commercial Real Estate transaction for Condominiums at Courtney Park is in close proximity of the Publix Super Market at 5970 Jog Road. Publix are excellent properties if you can find a Single Tenant Net Lease free-standing Property.

Net Lease Property News

Triple Net Lease Properties Big News for the day is about General Growth Properties. They are one of the largest mall property managers in the U.S.A. and the current owner of the beautiful "Mizner Park" in Boca Raton. General Growth Properties is planning to launch an initial public offering (IPO) on the New York Stock Exchange Friday, according to the Associated Press. Past news was that General Growth Properties had filed for bankruptcy protection last April. Probably the largest real estate bankruptcy case ever recorded in the U.S.
Net Lease Properties was told Simon Property Group offered to buy the company outright in February for estimate of $10 billion. However that deal was turned down.
News from:
Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎

Pei Wei Asian Diner plans for Sarasota location

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.

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.

$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.