Net Leased Property with Publix Tenant Sold $26M

North Palm Beach, Florida - Net Lease Properties news today is that a Publix-anchored shopping center sold for $26.5 million in a short sale. This Shopping Center is called Sunshine Square shopping center and is located in Boynton Beach. Boynton Beach, Florida is approximately 16 miles south of Palm Beach.

This short sale has helped alleviate the pressure for the shopping center owner by satisfying one of the six foreclosure lawsuits that target its properties.

Apparently in March, KeyBank filed a foreclosure action against Woolbright Sunshine and the president of Woolbright Development, over a $28.5 million mortgage covering the shopping center.

Woolbright Sunshine bought the shopping center for $23 million in 2007. The Commercial Real Estate includes a 109,489-square-foot retail center at 501 E. Woolbright Road and a 41,249-square-foot supermarket leased to Publix. Other Tenants include Bealls and Subway.

As of recently is had been difficult to find a Net Leased Property with Publix as a Tenant. Publix is one of the top supermarkets in the country.

Net Lease Properties & Financing Still Available

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

REIT Obtains a $41 million Construction Loan

Bowling Green, Kentucky - The Sun Products Corp. has agreed to lease a distribution center to be built outside Bowling Green, Kentucky. This leased Commercial Real Estate Building will supply Sun's line of household laundry detergents and cleaners to East Coast consumers.

Real Estate Investment Trust

Investment manager W.P. Carey & Co. LLC said one of its real estate investment trusts (REIT) obtained a $41 million construction loan to build the 1.4 million-square-foot center adjacent to one of Sun's manufacturing plants. These types of large distribution centers are a premier investment for many REITs.

W. P. Carey & Co. LLC is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio approaching $10 billion.

Sun Products will occupy the facility under a long-term, Triple Net Lease that will allow it to consolidate nine other facilities in the Bowling Green area.

A real estate investment trust (REIT) is a company or Group which owns, and in most cases, operates income-producing real estate. The normal REIT might own many types of commercial real estate property investments, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, motels, hotels and even timberlands

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex is of interest to you then contact us, for all Florida Commercial Property Listings For Sale. We can also assist you with your Commercial Real Estate Mortgage and Net Lease Funding to purchase a CVS, FedEx, Walgreens, Target, Publix or an Industrial property. The Florida real estate market is very attractive to many Investors.