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Opportunities
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Opportunities
Detroit Historic Building Manufacturers Outlet Mall 122,060-sq.ft. Kissimmee Manu-facturers Outlet Mall, just outside Disney World on US Highway 192 in Kissimmee, FL. The center is anchored by Nike, Dress Barn and Bugle Boy. Listed at $7.9 million. Olympic Ice Arena Olympic ice arena for sale in Waynesboro, PA. 40,000-sq.ft. building with 100 x 200 Olympic ice sheet, one figure skating room, restroom and private changing rooms. Also includes concession area, pro shop area, first aid room, three offices, four locker rooms and two restrooms with showers. Large open lobby with public restrooms, sound booth, utility room, skate rental room, parking for 250 cars. Built 1997 with investment of over $3 million. Asking price $2.1 million. Mixed-Use Building 84,000-sq.ft. jewelers exchange, mixed-use retail building in San Diego, CA. Two blocks from Horton Plaza Regional Shopping Center. Current occupancy 93%. Offering price $5.5 million with a 9.13% cap rate. Boston, Massachusetts 17,000-sq.ft. retail space on three floors in freestanding 18,000-sq.ft. building in West Roxbury section of Boston, MA. Tenant is Decelle Inc., a wholly-owned subsidiary of Burlington Coat Factory. Price is $1.195 million, with loan assumable at Cambridge Port Bank. Current balance is $460,743 at an 8.375% interest rate. Monthly payment $4,299.64, balloon is $300,000 and date due 2006. Fifteen year absolute NNN lease with two five-year options, commenced 1993. Fort Worth Acreage 52 acres for sale, Alliance Airport area, Fort Worth, TX, fronting Golden Triangle, Denton and Keller-Hicks Roads. Two access roads from IH 35. Zoned G, mixed-commercial use. Across the street from Hillwood, a master plan development backed by Ross Perot. Asking price $25,000 per acre. Owner will consider financing to qualified buyer. Net Leased Theaters Three theaters, to be leased to Dickinson Theatres on an absolute net basis, are for sale as a portfolio or individually. Each location also has a Fun Hub™ Entertainment Center and a private party room. Northrock 14 and Northrock 6 are located in Wichita, KS and occupy approximately 79,000 sq.ft. offering 20 theaters; price is $10.5 million. Starworld 20 is located in Tulsa, OK and occupies 69,100 sq.ft. with 20 theaters; price is $12 million. Eastglen 16 is located in Lee’s Summit, MO and utilizes 52,600 sq.ft. with 16 theaters; price is $10 million. The theaters may be purchased separately or as a portfolio. Portfolio price is $32.5 million.
VP of Real Estate Retail finance company looking to expand rapidly. Looking to hire VP of real estate to lead site development effort. Company is headquartered in the San Francisco Bay area and is looking at expansion opportunities in California and beyond. Rapid roll-out experience a plus but not required. Developer in Wichita Downtown developer wanted for 50,000-sq.ft. building in Old Town, the premier entertainment dining district in Wichita, KS. Major redevelopment going on directly to the west (200,000 sq.ft. retail/restaurant) and across the street (multiplex theater). Entertainment Center Developer Developer wanted for a 130-acre parcel in Woodbury, NY (in Orange County) intended to house an entertainment center. One-minute drive from world-renowned “Woodbury Commons Outlet Center,” with 220 stores and expanding. The site abuts NYS Thruway (I-87) and NYS Rt. 17 at exit 16 (Harriman, NY). Offers great accessibility by car, Metro North train and Stewart International Airport. The area is burgeoning economically and has a nucleus of commercial and tourist attractions. Hudson Valley area has a $2.5-billion tourist business. The entertainment center will have attractions geared towards the entire family. Preliminary plans call for hotels, exhibition center, restaurants, retail shopping, multiplex theater, indoor theme park, virtual reality, high tech attractions, office space, and sports arena.
Sublease or Purchase 20,500-sq.ft. freestanding concrete tilt-up building formerly housing health and fitness club in Diamond Bar, CA with freeway exposure. Lease term expires 10/31/01, rent $12,000 monthly. PGA Commons, Florida A 130,000-sq.ft. mixed-use center, PGA Commons, is presently under construction in Palm Beach Beach, FL. Project will include 50,000 sq.ft. of office space, 60,000 sq.ft. of retail and 20,000 sq.ft. of restaurant space. Demographics include an average household income of $80,000. Union Square, NYC Corner location at Broadway and 14th Street with 3,500 ground-level sq.ft. available April 2000 in Union Square. Area tenants include Toys R Us, Barnes & Noble Superstore, Virgin Mega, Footlocker and Radio Shack. Cinema Cinema tenant wanted to round out development project in Lancaster County, PA. Will build to suit. The area has an annual tourist count of five million. |