SIKON set to build Walgreens in Boynton Beach

BOYNTON BEACH - A sweet contract for the new 15,000 sf Walgreen’s, at Canyon Town Center retail center, was awarded to SIKON Construction Corp. Canyon Town Center is located at Boynton Beach Boulevard and Lyons Road in Boynton Beach.
The project was designed by FWH Architects and will be developed by RAM Development, of West Palm Beach. It will sit across from the Publix Grocery Store at Canyon Town Center, which was constructed by SIKON.
The tenants now open at Canyon Town Center are Publix, a great Panera Bread, U.S. post office, Bank of America, Wachovia, Shop on Impulse, V & Mi Nails and Mergen Martial Arts.
Businesses set to open in the near future at the shopping center are AmTrust, Frozen Delight Ice Cream, Dry Clean USA, After the Stork Baby Clothes, Conte Salon, Comcast, Sports Rehab & Chiropractor, Massage Envy, Hair Cuttery, Walgreens and Burn Fitness.
SIKON Construction Corporation is a national leader, in the industry. They provide exceptional personal service to their clients and implement the latest, in information technology.

"NNN Palm Beach Corner"

Apollo Beach Chamber of Commerce at MiraBay Village

TAMPA - Crosland LLC recently announced the opening of several new businesses to it’s MiraBay Village. The businesses are the Incognito Lounge, Marco Nail & Spa, Satterfield Law Firm and the Apollo Beach Chamber of Commerce.
MiraBay Village is a 31-acre village center located at the entrance to MiraBay, which is a 750-acre waterfront community in Apollo Beach. Apollo Beach is 20 miles south of Tampa.
The new tenants total more than 8,100 sf. This site is presently anchored by a 50,000 square foot Sweetbay Supermarket.

The Apollo Beach Chamber of Commerce relocated to MiraBay Village in late April. The relocation was found to be necessary because of the chamber’s growth.

Crosland is one of the leading diversified real estate companies in the Southeastern region of the United States.

"NNN Palm Beach"

Wachovia has broken ground in Kendall

MIAMI - Wachovia has broken ground on a 4,500 square foot branch located at The Palms at Town & Country. Flagler Development Group and TIAA-CREF Global Real Estate have announced this development which is under construction at 8268 Mills Drive in Kendall.
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.
Palms at Town & Country, was formerly called Kendall Town & Country Center.
With an unrivaled combination of prime land holdings, Class-A properties, vast capital resources and market knowledge, Flagler Development Group is one of the leading integrated commercial real estate firms specializing in commercial and industrial workplaces in Florida.
"NNN Florida Commercial Real Estate"

Wal-Mart Neighborhood Market coming to Largo

LARGO - This summer Largo shoppers will be able to purchase groceries at the renovated Barclay Square shopping center. Wal-Mart Neighborhood Market is scheduled to open in July at the 98,000 square-foot center. Barclay Square shopping center is located in Pinellas County, at the busy intersection of Walsingham Road and Indian Rocks Road. However this is not our desired NNN Signalized Intersection.

The Neighborhood Market, which is Wal-Mart’s grocery concept, will encompass 41,000 square feet. It will offer a full-line of grocery items, pharmacy and general merchandise.

A multimillion-dollar renovation of Barclay Square, including a completely remodeled facade, new lighting, enhanced landscaping and a resurfaced parking area will coincide with the grand opening of the Market.

Largo is one of the Tampa Bay area's largest cities. It is located near the Intracoastal Waterway. Barclay Square also draws customers from Belleair, Clearwater, Seminole and Indian Shores.

Wal-Mart Neighborhood Market will join over 15 local, regional and national retailers including Omega Cabinets & Granite, Tuesday Morning, Blockbuster, Edward Jones and a new Regions Bank.

Edens & Avant is the owner of the complex and is one of the leading retail real estate companies in the nation. The Company's portfolio consists of neighborhood, lifestyle and power centers, with many located in infill locations in urban markets. Edens & Avant has regional headquarters in Atlanta, Boston, Miami and a Corporate Office in Columbia, South Carolina.
"NNN Commercial Real Estate of Florida"

North Palm Beach retail center grabs $3 Million loan

NORTH PALM BEACH, Florida - Coconut Cay Shoppes, a retail strip center at 12100 US Highway 1, has recently obtained $3,000,000 in financing. This commercial Mortgage Loan has been arranged through a regional bank. Loan terms were a 6.25% interest rate, three-year term and a 25-year amortization schedule.
The property is a three-building unanchored strip center which houses the Siam Square‎
Thai Restaurant, in North Palm Beach. The complex is approximately 27,900 square feet. The location is half mile north of the busy signalized intersection of PGA & US 1.
Currently the property is more than 90% leased.
A boutique Real Estate Investment Banking firm that provides creative and responsive financial solutions for capitalizing commercial real estate arranged the mortgage.
Doval Investments LLC was the borrower. Doval Investments LLC has a portfolio of retail and multifamily properties throughout Florida and into our northern neighbor, Canada.

Triple Net Lease Properties

If a Triple Net Lease Property is of interest to you then contact us, HERE. We can assist you with your search for Net Lease Investments.

Triple Net Lease Properties are an ideal debt replacement Vehicle for 1031 Investors who are involved in a 1031 tax deferred exchange.
Here are some of the Retail Single Tenants that may be available as a Net Lease Investment or Triple Net Lease Property:

•AutoZone Net Lease Investment
•Burger King Net Lease Investment
•Costco Net Lease Investment
•CVS Net Lease Investment
•FedEx Net Lease Investment (Federal Express Net Lease Investment)
•Home Depot Net Lease Investment
•Kohl’s Net Lease Investment
•Kroger Net Lease Investment
•Lowe’s Net Lease Investment
•McDonald’s Net Lease Investment
•Oreilly’s Net Lease Investment
•Publix Net Lease Investment
•Safeway Net Lease Investment
•Staples Net Lease Investment
•Steak n' Shake Net Lease Investment
•Target Net Lease Investment
•Walgreens Net Lease Investment
•Wal-Mart Net Lease Investment
•Wendy's Net Lease Investment

You can find capital for Commercial Loans, and Non Recourse Loans at Loanrise.com. Also capital is available for a Credit Tenant Loan.


"Florida Commercial Real Estate"

A Jacksonville Southside Apartment Complex has sold

JACKSONVILLE - Southern Pines, a 200-unit apartment community, in Jacksonville, Florida has just sold. Walchle Lear Multifamily Advisors brokered the sale. Steve Lear and Bart Walchle of Walchle Lear Multifamily Advisors had an exclusive listing on the apartment community. Southern Pines was built in 1989, and is located at 10010 Belle Rive Boulevard.
The sale price was $13 million or $65,000 per unit.
Walchle Lear Multifamily Advisors is a Jacksonville, Florida based real estate service firm. Their focus is on the brokerage of multifamily communities and multifamily land in Florida.
The Buyer was the Real Estate Private Equity firm, Covenant Capital Group LLC.
Covenant Capital Group is a real estate private equity firm specializing in the acquisition and redevelopment of apartment communities. They often do this through joint ventures with local operating partners. Covenant manages approximately $360 million of equity invested in over $950 million of apartment assets.

"Florida Commercial Real Estate"

Love Funding secures $47.2M loan for Multifamily Project

PALM BEACH - The Palm Beach office of Love Funding closed a new construction/permanent loan, for $47,212,900. The loan is for the Village at Secret Lake, which is a planned 432-unit multifamily housing complex. The project is in Kissimmee, Florida.
Carolyn Whatley, first vice president and senior loan originator with the company’s Palm Beach office, originated this transaction, from sunny Florida. Love Funding is a national full-service, commercial mortgage-banking firm. Love Funding commenced mortgage-banking operations in 1984.
Village at Secret Lake is planned for 12 separate, four-story buildings which will have elevators. It will also feature a conservation area, pond, putting green, small tot lot and an oversized resort-style pool.
Love Funding was able to secure funding, for the construction of this proposed development, through an FHA-insured loan.
Commercial Real Estate in Florida has some interesting Investment opportunities.


NNN Commercial Real Estate"