Vinings Main, Mixed-Use Development Sold For $24 MIL

Atlanta, Georgia – The Net Lease Properties news this morning is from Vinings, an area inside the Atlanta perimeter. ACG Equities Inc. purchased Vinings Main, which is a mixed-use commercial and residential condominium development in the Atlanta suburb for $24 million cash. The acquisition represents the first allocation from ACG Equities’ $150 million, Midwest-based private equity fund.

Reports are that Officials from ACG Equities said this purchase is its first in a planned series of acquisitions in recovering markets. The company’s sister firm, ACG Management, will provide an asset and property-management service platform for Vinings Main and other projects the ACG Equities’ fund acquires.

The Vinings Main project is located just inside the perimeter on Paces Ferry Road. An affluent area which is on the northwest side of Atlanta. This transaction includes 34,000 sq. ft. of office condominium space, 17,000 sq. ft. of retail space and a 461-space parking deck. Currently, the highest profile retail tenant is the Social Vinings restaurant, owned and operated by Paul Albrecht’s Great Food Group, Incorporation. Vinings Main was built at a cost of $57 million and opened in 2008. However Vinings Main was taken into foreclosure last December by its 23 lenders, after having sold only three of its 148 residential condominiums.

This Vinings neighborhood is a classic area with by high-end, high-density residential developments, Class A office buildings, distinctive restaurants and national brand retail merchants. The retail space at the Vinings Main is approximately 82% leased, although Net Lease Properties news has heard ACG plans to sell that space.

Net Lease Properties & Financing

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Vinings Main, Mixed-Use Development Sold For $24 MIL

Atlanta, Georgia – The Net Lease Properties news this morning is from Vinings, an area inside the Atlanta perimeter. ACG Equities Inc. purchased Vinings Main, which is a mixed-use commercial and residential condominium development in the Atlanta suburb for $24 million cash. The acquisition represents the first allocation from ACG Equities’ $150 million, Midwest-based private equity fund.

Reports are that Officials from ACG Equities said this purchase is its first in a planned series of acquisitions in recovering markets. The company’s sister firm, ACG Management, will provide an asset and property-management service platform for Vinings Main and other projects the ACG Equities’ fund acquires.

The Vinings Main project is located just inside the perimeter on Paces Ferry Road. An affluent area which is on the northwest side of Atlanta.
This transaction includes 34,000 sq. ft. of office condominium space, 17,000 sq. ft. of retail space and a 461-space parking deck. Currently, the highest profile retail tenant is the Social Vinings restaurant, owned and operated by Paul Albrecht’s Great Food Group, Inc.
Vinings Main was built at a cost of $57 million and opened in 2008. However Vinings Main was taken into foreclosure last December by its 23 lenders, after having sold only three of its 148 residential condominiums.

This Vinings neighborhood is a classic area with by high-end, high-density residential developments, Class A office buildings, distinctive restaurants and national brand retail merchants. The retail space at the Vinings Main is approximately 82% leased, although Net Lease Properties news has heard ACG plans to sell that space.

Net Lease Properties & Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings 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, Walgreens, Target, Publix or other Net Lease property.

Naples Shopping Center News On Leased Property

Naples, Florida - Net Lease Properties revisits an article we did earlier in the year on Commercial Real Estate in Naples, seen here.

News today is that four new retailers, representing more than 8300 square feet of space, have signed leases at Marquesa Plaza. The Naples Shopping Center is a 115,000 square foot neighborhood retail center located at the intersection of Livingston Road and Pine Ridge Road.

The new retailers leasing space are Excel Physical Therapy, Perfect Dry Cleaning, Allstate Insurance and Zoom Tan.
Investment Properties Corp., the exclusive marketing and leasing representative for Marquesa Plaza, handled negotiations on behalf of the landlord in these net leased transactions.

Marquesa Plaza was constructed in 2007, and now the shopping center is 58% leased.
After noticing an increase in new retail activity in the Naples Shopping Center, the Landlords expect more action for Net Leased transactions.

Currently the Naples Shopping Center has 24 tenants including Starbucks Coffee, First American Bank, Anytime Fitness, First Watch Restaurant, Carvel Ice Cream, Sunshine Pharmacy and Five Guys Burgers and Fries.

Net Lease Properties & Financing

If Shopping Centers, Net Lease Properties or Apartment Buildings 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, Walgreens, Target, Publix or other Net Lease property.

Microsoft's Bing HQ Sold

Bellevue, Washington - Net Lease Properties has news on one of the largest commercial real estate transactions of the entire year. Cole Real Estate Investments (Cole), has acquired City Center Plaza, in Bellevue, Washington. City Center Plaza is a 583,179 square-foot, Class A office tower.
Cole Real Estate Investments is an active buyers of income-producing commercial real estate assets.
This commercial real estate property, City Center Plaza is 96% leased through 2024 to Microsoft. Microsoft, as we know is one of the world’s leading consumer brands. They have the highest possible credit rating of AAA.
Information acquired on the Building is that it is a 26-story office tower, constructed in 2008. It is located at 555 110th Avenue NE. City Center Plaza is one of only three office buildings in Bellevue to achieve LEED Gold certification by the U.S. Green Building Council and has been the headquarters for Microsoft's Bing Division since its opening.

The transaction info is that Cole Real Estate Investment of Phoenix, purchased the City Center Plaza from Beacon Capital Partners. The terms were all-cash, and a purchase price of $310 million or about $530 per square foot.

Net Lease Properties & Financing

If a Multifamily Apartment Complex or a Net Leased Office Building 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.

Large Commercial Real Estate Deal in Santa Barbara

Santa Barbara, California - Net Lease Properties has news today on Santa Barbara Commercial Real Estate. A 38,000 square foot building, housing a Borders Book Store, sold for $10 Million. Borders holds a long-term lease on the three-story building and there currently are no projections as to whether it will stay in the building after the lease expires.

This Commercial Real Estate with the long term lease in place with Borders is a beautiful building. This property is located at 900 State Street in Santa Barbara.

The Buyer was SIMA Real Estate Fund. Press releases mentioned SIMA bought the building from Radius Group Commercial Real Estate. SIMA also owns the current State Street locations for the Coach and Anthropologie retail stores.

This is the largest Commercial Real Estate deal in Santa Barbara in over two years.

Reports are that before the structure was transformed for retail use, it was used as a Bank of America building.

Commercial Real Estate Financing Still Available

If a Multifamily Apartment Complex or a Shopping Center 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, Walgreens, Wendys, Target, Publix or other property.

Net Lease Property with Arby's as Tenant

Pleasant Hills, Pennsylvania - Our Net Lease Properties news for today is on a Pennsylvania Arby's. Reports are that Commercial Real Estate agents from the Atlanta office of Marcus & Millichap Real Estate Investment Services have sold an Arby’s location in Pleasant Hills. Pleasant Hills is about 11 miles south of the Pittsburgh, Pennsylvania Commercial Real Estate market.
We had noticed a Net Leased Property in the Atlanta area recently and it had an Arby's in it with a Triple Net (NNN) Lease. Apparently it is off the market now.

This Net Lease property with Arby’s, is approximately 3,270 square feet, and sold for $1,265,000. Arby’s is a quick-service restaurant chain that is wholly-owned by the Atlanta-based Wendy’s/Arby’s Group.
We are finding more Commercial Real Estate Investors interested in the quick-service restaurant (Fast Food) net lease properties.

This Commercial Real Estate is in close proximity to Century III Mall, with anchor Tenants like Macy’s, JC Penney, Sears, and Dick’s Sporting Goods. Other retailers in this area include a Super Walmart, and a Kohl’s.
The Commercial property was signed to a Triple Net Lease (NNN) with approximately 15 years remaining with Arby’s Restaurant Group, as the Tenant. The buyer, from California, was performing a 1031 tax deferred exchange.

Net Lease Properties & Financing Still Available

If a Net Lease Property 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, Kohl's, Arby's or an Industrial property.

New Publix Anchored Shopping Center Proposed

Fort Myers, Florida - Net Lease Properties news for today has a Publix anchored shopping center coming to North Fort Myers.
This Commercial Real Estate will be a shopping center and Publix grocery store. This Publix anchored shopping center is located at the southwest corner of Bayshore and Slater Roads in North Fort Myers. The shopping center's anchored by the 46,500 square foot Publix store will also include 23,760 square feet of local shop space.

The Publix anchored shopping center will be the first phase of a 70 acre mixed-use project. In time this will include a 175-lot residential subdivision to be located just south of the shopping center. The new subdivision development is slated for 2012-13. The shopping center could break ground in October of this year if sufficient local shop leases are procured.

This Commercial Real Estate Investment will also include 4 out-parcels for banks, gas stations, fast food and sit down restaurants, and other businesses.

Search For Net Lease Properties & Commercial Loans

If you feel this is the right time to invest in Commercial Real Estate, Multi-Family Apartment Buildings, Shopping Centers or 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.

Triple Net Lease, 7-Eleven Anchored Properties

Irvine, California - Commercial Real Estate News for the day has 7-Eleven Inc. retaining a Commercial real-estate services organization to sell 24 retail properties. These Net Lease Properties are anchored by 7-Eleven. The portfolio, valued at approximately $40 million, is owned and operated by 7-Eleven.

The 7-Eleven anchored properties, primarily located in California and throughout the United States, all include at least one co-tenant, with AutoZone as a co-tenant in some locations. All of the 7-Eleven convenience store leases are Triple Net Lease (NNN) and guaranteed by 7-Eleven.

7-Eleven is based in Dallas, and is the world's largest operator, franchisor and licensor of convenience stores with more than 37,600 units worldwide.

Commercial Real Estate Financing & Search For Triple Net Lease Properties

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, Walgreens, Target, Publix or other property.

Anchor Tenant Publix Opens in Ponte Vedra

PONTE VEDRA, Florida - Net Lease Properties information today is regarding Publix. Regency Centers has recently announced the opening of a 54,340 square foot Publix supermarket at Nocatee Town Center. This Publix has leased the Property at Crosswater Parkway and Nocatee Parkway in Ponte Vedra.

This Publix Retail Store will include a Publix pharmacy, bakery, deli, floral and fresh seafood and will employ approximately 90 associates.

The Publix will be the first Retail store to open its doors in the new Nocatee Town Center. This Publix Retail store is in the Town of Nocatee, a master-planned community of more than 15,000 acres in northeast St. Johns County. Regency closed on the purchase of 21.44 acres of undeveloped land in December 2007 to develop the 69,802 square foot Retail Shopping Center that includes some small shop space and up to six outparcels.

Regency is the leading national owner, operator, and Developer of grocery Anchored and community Shopping Centers. The Company owns approximately 400 Retail Properties.

If you feel this is the right time to invest in Commercial Real Estate, Apartment Buildings, Net Lease Property or a Retail Shopping Center, CONTACT US HERE. We can also assist you with your Commercial Real Estate Mortgage and Non-Recourse Loan to purchase a new property.

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 eradicate capital gains tax by using the 1031 tax free exchange.

Commercial Real Estate in Naples Florida

Shopping Center Leases

NAPLES, Florida - Net Lease Properties wants to inform Florida that CR South, a partnership between Continental Realty Corp. and Forman Capital LLC, has a new acquisition. They purchased Marquesa Plaza. This Naples Florida Shopping Center is a 115,000 square foot Retail center. This Commercial Real Estate is located at the intersection of Livingston Road and Pine Ridge Road in Naples, FL.
The purchase price was for $11 Million. The previous owner was Marquesa Plaza LLC.

This Commercial Real Estate was constructed in 2007. The neighborhood shopping center is currently 50% leased and features 19 tenants including Starbucks Coffee, First American Bank, Anytime Fitness, Carvel Ice Cream, Sunshine Pharmacy and one of our favorites, Five Guys Burgers and Fries.

The new ownership group has marketing and leasing activities aimed at targeting complementary retailers to add to the Marquesa Plaza Tenant mix.

If you feel this is the right time to invest in a Triple Net Lease properties or other Commercial Real Estate 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

Net Lease Publix Coming to Florida

Triple Net Leased Properties Investing

Port Richey, FL - A new Publix is coming to Pasco County. It is an area in Florida that People living in nearby Suncoast Lakes and other subdivisions have been waiting for.
The Lakeland-based Publix Super Market chain has announced it will open a store at the northwest corner of S.R. 52 and Hays Road. The new store will be 45,000 square feet with a pharmacy.

Haysvest LLC is expected to break ground on Hays Towne Center. This is a 110,000 square foot, two-phase project. It will have Publix as the Anchor Tenant, for the shopping center.

Located a half-mile west of the Suncoast Parkway, the project was designed by the Tampa office of Lyman Davidson Dooley Inc. The Commercial Real Estate Lender is BB&T Bank. Colliers Arnold is in charge of leasing and the sale/lease of the two outparcels.

Publix remains a strong Triple Net Lease Property to add to your Portfolio.
If you feel this is the right time to invest in a Triple Net Lease property then contact us, HERE to find it and/or your Mortgage to purchase it.

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