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Opportunities
| FOR LEASE |
| Cocoa Beach |
| 15,000 sq.ft commercial building in the heart of Cocoa Beach, FL.
Building was the old Cocoa Beach Library and is located on A1A, a high traffic area. Lease
terms one to three years at $4.35 psf net. |
| For more information, contact Gene Artusa, First Realty, Inc.,
800-660-6552. |
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| Chicago Space |
| Space of 6,928 sq.ft. is available at 840 North Michigan Avenue at
the southwest corner of North Michigan Avenue and Chestnut Street, Chicago. Other
retailers in the area include Escada, Structure, FAO Schwarz, Lord & Taylor,
Bloomingdales, Marshall Fields, Borders Books & Music and J Crew. |
| For more information, contact Christopher J. Schramko, The Lord
Companies LLC, One East Delaware Place, Suite 310, Chicago, IL 60611; 630-789-6524. |
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| Upper West Side, NYC |
| Retail leasing opportunities in the Upper West Side of Manhattan,
located in the 70s and 80s, Broadway and Columbus Avenue, near Museum of Natural History,
Columbia University area and Chelsea. Space also available in NJ, near NYC. Listings
include available development sites as well as commercial and warehouse opportunities. |
| For more information, contact Antonio Quinlan, Walker, Malloy &
Co., Inc., 101 West 70th Street, Suite 2N, New York, NY 10023; 212-874-1686, ext. 104, Fax
212-724-6386. |
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| FOR SALE |
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| Houston |
| Site of 2.52 acres located along periphery of 1.47 million-sq.ft.
Willowbrook Mall in Houston, TX at the intersection of Highway 249 and FM 1960. Adjacent
to Circuit City and near new hospital and AMC 24-screen theater. Compaq Computer
Corporation is located just north of the mall property. |
| For information, contact Christopher D. Winters or David M. Butler,
Colliers Appelt Womack, Inc., 1300 Post Oak Boulevard, Suite 225, Houston, TX 77056;
713-222-2211, Fax 713-830-2118; e-mail: mailto:cwinters@collierstexas.com; Web site:
www.collierstexas.com. |
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| Miami Mixed-Use |
| Mixed-use development site of 4.23 acres is available. Closest
waterfront site to new Miami (Heat) Arena and Performing Arts Center. Zoned high-rise,
commercial retail, hotel, office, residential, entertainment or mixed-use. As zoned
density, the property equates to 265,000 sq.ft. commercial and 561 residential units. |
| For more information, contact Richard Abel, EWM Commercial,
305-439-1945 or 877-869-1945. |
|
| Las Vegas Strip |
| A 26-acre site on the famed Las Vegas Strip, located across the
street from The Sahara Hotel/Casino, is for sale. Located on the north end of the Strip,
the property is zoned for hotel/casino use and was the original site of El Rancho Vegas
Hotel. |
| For more information, contact Kevin Higgins or Keith Spencer, CB
Richard Ellis, 702-369-4800. |
|
| Wichita Building |
| Owner wants quick sale of 50,000-sq.ft. building in Old Town,
Wichita’s warehouse, retail and entertainment district. Multiplex theater planned
directly to the north and 200,000 sq.ft. retail and residential development planned to the
west. Price is $950,000. |
| For more information, contact Blake Elliott, Summit Commercial
Properties, 316-612-7002; e-mail: blake@summitcp.net. |
|
| Space in Pensacola |
| Two 13,000-sq.ft. buildings are available near intended city
revitalization area in Pensacola. Both include service entrances, storage, and many
updates to include plumbing and wiring. Both are centrally located near Rosie
O’Grady’s, Seville Square and Maguire’s Irish Pub. Owner financing may be
available. |
| For more information, contact Larry M. Neal, 850-479-7355, Fax
850-479-9154; e-mail: Nealassoc@aol.com. |
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| ACQUISITIONS |
|
| Redevelopment Opportunities |
| Aspen Portfolio Strategies, Inc. represents six brownfield
developers looking for redevelopment opportunities, $5 million and up, that are willing to
assume environmental risk while supplying the previous owner with appropriate
indemnification. The company also represents three sources of equity and debt capital that
are providing financing to developments of similar size on environmentally-challenged
lands, e.g. brownfields, landfills, wetlands, etc. |
| For more information, contact Rick Mandell, Aspen Portfolio
Strategies, Inc., 2255 Emma Road, Basalt, CO 81621; 970-927-3666, Fax 970-927-2623;
e-mail: mandell@rof.net. |
|
| Investment Properties |
|
| International Success Unlimited USA, Inc. has an investment group
interested in acquisition of single tenant, triple net lease, national chain retail,
restaurant, entertainment-related property. Triple net lease with periodic rent
escalations with a minimum of 10 years remaining on the lease is preferred. Desired
tenants include national and multi-regional chains with B+ or better credit ratings. The
company will consider unrated and privately-held companies who are leaders in their
markets. Properties up to 50,000 sq.ft. are sought nationally, with no maximum dollar
limit. Immediate purchase, forward takeout commitment, sale-leaseback, construction
financing and development venture are acceptable. |
| For more information, contact E. F. White, International Success
Unlimited USA, Inc., 13777 Ballantyne Corporate Place, Suite 250, Charlotte, NC 28277;
704-289-5122, Fax 704-292-2217; e-mail efwhite@isu-online.com. |
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| CORRECTION |
|
| In the Opportunities section of the April issue of ESP, incorrect
information was submitted regarding leasing for the Centre of New England. The listing
indicated that Mikasa had signed on as an anchor; Mikasa has not signed on as an anchor
but has expressed interest in the project. Tax incentive information should have read: No
retail inventory tax or wholesale tax indefinitely; no personal property taxes for 10
years, and no real estate taxes for the first year, then approximately a 10-percent
escalation for the next 10 years. |
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| For more information, contact Lori A. Marchetti or Julie A. Menard,
Universal Properties Group, Inc., 207 Quaker Lane, Suite 300, West Warwick, RI 02893;
401-828-3500, Fax 401-823-7329. |
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