Johnson Creek Shopping Center Acquisition

Clackamas, Oregon - Net Lease Properties News today is that Phillips Edison & Company's Fund IV announced its purchase of Johnson Creek shopping center. This Commercial Real Estate is a 106,709-square-foot shopping center located in Clackamas, Oregon. Clackamas is a suburb of Portland. The shopping center was acquired through an all-cash transaction. It is anchored by Trader Joe's, Walgreens and Wholesale Sports.

This Commercial Real Estate shopping center acquisition focus on well-located anchored properties. The center's anchor tenancy and prime location in a strong retail corridor just off I-205 make it an attractive investment.

"This transaction demonstrates Phillips Edison's position as one of the few shopping center operating companies that has the debt and equity in place to purchase value-add and opportunistic shopping centers throughout the United States," said Hal Scudder, Chief Investment Officer.

The Johnson Creek Shopping Center is located at the intersection of SE Johnson Creek Boulevard and SE 82nd Avenue and is well positioned to service the residents of Portland suburbs.

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

A REIT Acquires Properties for $71.7 Million

SAN DIEGO, California - Net Lease News for today is that, Excel Trust, Inc., a retail focused real estate investment trust (REIT), has acquired five more properties for a combined asset value of $71,749,078. The approximate capitalization rate is 8.5% (excluding land for development in Rockwall, TX). Excel Trust has now acquired a total of fifteen properties since its initial public offering (IPO) on April 23, 2010. Some of their most recent acquisitions. are the Plaza at Rockwall. This multi-tenant shopping center has approximately 334,027 square feet of gross leasable area. Built in 2007, the property is anchored by J.C. Penney, Dick's Sporting Goods, Staples, Best Buy and Belk Department Store.
Rockwall, a suburb of Dallas, is the 2nd wealthiest county in Texas and was the 3rd fastest growing county in the nation over the past decade according to the U.S. Census Bureau.
Another acquisition is a Lowe's, in Shippensburg, Pennsylvania. The Lowe's property has approximately 171,069 square feet of gross leasable area. Built in 2009, the property is freestanding retail under a net lease and is adjacent to a non-owned Super Wal-Mart.

Net Lease Funding & Search For Triple Net Lease Properties

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.

Commercial Real Estate Lending

Commercial Real Estate financing experts are taking some comfort in a national report of a 12 percent rise in Commercial Real Estate and Multifamily Mortgage loan originations during the first quarter, compared with the same period of 2009.

This is a nice trend, 12% rise in Commercial Real Estate and Multifamily Mortgage loan originations, if we can keep it going.

However, some observers say it is too early to declare a significant nationwide rebound in financing for Commercial Real Estate. Commercial Real Estate is still mired in debt problems and a severe drop in new construction.

In its May report on the first quarter, the Washington, D.C.-based Mortgage Bankers Association said loan origination volume was actually 26 percent lower than during the fourth quarter of 2009.

Commercial Real Estate 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, Walgreens, Target, Publix or other property.

REIT Aquires Freestanding Retail Leased To Walgreens

SAN DIEGO, California - A retail focused real estate investment trust (REIT), has acquired five additional properties, Below is a summary of the most recent acquisitions.

One Commercial Real Estate Investment is a Shop 'n Save in Ballwin, Missouri. The Shop 'n Save property has approximately 53,411 square feet of gross leasable area, and was purchased for $8,450,000 at an approximate cap rate of 8.72%. This property is freestanding building, retail, under a Triple Net Lease (NNN) to SuperValu Inc., with its subsidiary Shop 'n Save as the tenant.

A few other Commercial Real Estate properties purchased are Walgreens.
One of the Walgreens is located in Barbourville, Kentucky. The property has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,212,500 at an approximate cap rate of 8%. This property is a freestanding retail under a bond lease to Walgreens (A+ S&P credit rating).

Another Walgreens purchased is in Corbin, Kentucky, This Walgreens has approximately 13,650 square feet of gross leasable area and was purchased for a total of $4,181,250 at an approximate cap rate of 8%.

One more Walgreens, also located in Corbin, Kentucky near Cumberland Gap Parkway has approximately 13,650 square feet of gross leasable area and was purchased for a total of $3,526,238 at an approximate cap rate of 8%. This Commercial Real Estate Investment is also a freestanding retail investment under a bond lease to Walgreens.

Excel Trust, Inc. is a retail focused REIT that targets community and power centers, grocery anchored neighborhood centers and freestanding retail properties.

Net Lease Funding & Search For Triple Net Lease Properties

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.