| FOR LEASE Retailers for Memphis Area
Overton Square encompasses four blocks of an established entertainment district now under
renovation and is a prime opportunity for sidewalk retailing. Draws to the immediate area
include: TGI Fridays, The Public Eye BBQ, Memphis Pizza Cafe, Golden India Rest., La
Chardonney Wine Bar and Bistro, Bayou Bar & Grill, The Looney Bin Comedy & Dance
Club, Paulette’s and The French Quarter Suites Hotel. Now under construction is the
only theater in midtown Memphis and the only dedicated “art house” theater in
the region, which contains five screens and 600 seats. The second phase of construction
includes a ten-screen theater with 1,000 seats and up to 100,000 sq.ft. of additional
space. The site will also include a free parking garage with 1,000 spaces. Midtown and
this entertainment district are looking for retailers such as men’s and
children’s clothing, stores, art and antique stores, furniture and other related
entertainment businesses. Approximately 1,000 to 10,000 sq.ft. is available. The business
terms are $13.50 base rent, plus cam and taxes with 3, 5, and 10-year leases.
For information, contact J. Patrick McDowell, JPM Properties, Inc., 2157 Madison Ave.,
Memphis, TN 38104; 901-278-6300, Fax 901-278-0145; e-mail: mcdowell@aol.com.
Former Entertainment Center
Property adjoins Volusia Mall, Just For Feet, Sonny’ BBQ and Outback Steakhouse.
Close to Daytona Intl. Speedway and Daytona Intl. airport. Property was previously Castle
Adventure family entertainment center and features a castle motif. The property is 63,250
sq.ft and is on 1.45 acres. Includes 48 concrete paved parking spaces. Terms include
triple net ground lease. As-is. Two landlords. Call for pricing.
For information, contact Dwight C. Selby, Selby Realty Inc., 125 Basin Street, Suite 200,
Daytona Beach, Florida 32114; 904-238-4456, Fax 904-238-8377; e-mail: dwightselby@sprintmail.com.
Pad Sites
Colliers Appelt Womack has eight retail sites along the perimeter of West Oaks Mall in
Houston, Texas. Access to the mall is located near three major road systems. Mall anchors
include Sears, Dillard’s, JC Penney, Foley’s, Mervyn’s and Palais Royal.
Sites range in size from .70 to 3.4 acres.
For information, contact Christopher D. Winters or Robert S Parsley, Colliers Appelt
Womack, Inc., 1300 Post Oak Blvd., Suite 225, Houston, Texas 77056; 713-830-2106, Fax
713-830-2118; e-mail: cwinters@colierstexas.com.
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Northeastern Towns
Acquisitions wanted for retail property located in: Northeastern quality towns, e.g.,
Greenwich New Canaan, Darien, Rye, etc. Criteria includes: good credit, single tenant
retail and a 10-year lease minimum. Buyer is not bargain hunting, but insists on dealing
with motivated sellers. Non-circumvent, confidentiality agreements are acceptable.
Approximate price range $1 to $10 million, all cash.
For information, contact Manny Berger, Aries Deitch & Endelson, Inc., 110 South
Central Ave., Hartsdale, NY 10530; 914-949-2800, ext. 106, Fax 914-949-2424.DEVELOPER WANTED
Dearborn Opportunity
The city of Dearborn, Michigan has bought the former Jacobson’s building for $2.5
million and is searching for a developer. Dearborn is looking for a partner to develop the
site into a mixed-use facility. The city is footing the bill for design and architectural
services as long as business owners sign contracts to complete the work and cover
construction costs.
For information, contact Romeo G. Betea, Economic and Community Development for the City
of Dearborn, 313-943-2180.
Development Partner
Property ideally suited for a restaurant/ bar/microbrewery location. Company seeks a
partnership, lease or franchise opportunity with a national chain interested in expansion.
Real estate consists of 4.5 acres of Lake Erie waterfront property in Sandusky, Ohio. The
property also has 2.5 acres of water rights as laid out in city and state zoning laws
making it conducive to the development of marinas and docks providing additional access
and customer potential. Numerous restaurant chains and a theme park are in the Sandusky
area.
For information, contact Denny Byington, 419-627-9299 or Mike Byington, 440-572-9131;
e-mail: mgbyington@aol.com
LAND WANTED
Retail and Mixed-use
Development land wanted. Will consider retail or mixed-use. Must have good locations and
frontage. Must have utilities available at reasonable cost. Must be ready - no long-term
holding. Prefer following areas but will consider county seats in high-growth markets:
Arizona - Phoenix or Tucson; Delaware - Wilmington/Newark; Florida - Daytona Beach,
Gainesville, Lakeland-Winterhaven, Melburne-Titusville-Palm |
Bay, Pensacola, Tampa-Clearwater, West Palm
Beach-Boca Raton; GA - Atlanta, Columbus, Savannah; IN - Elkhart-Goshen,
Evansville-Henderson; LA - Baton Rouge; NC - Raleigh-Durham, Chapel Hill; SC -
Charleston-North Charleston, Columbia; SD - Sioux Falls; TN - Memphis; TX - Austin-San
Marcos, Dallas, Ft. Worth, Arlington, San Antonio; VA - Northern Virginia; WA - Tacoma.
Reply to Michael Whipple, president, Whipple Companies, 502-244-3333, e-mail: WhippleCo@aol.com.
NETWORKING
WANTED
Assistance needed in providing comparable sales of 40-80 acre
vacant land sales. The assignment is of 65-acre, vacant highway frontage, level site
adjacent to a point of destination and well established amusement park and golf resort in
Pennsylvania. The HABU of this site is NOT for office or retail development. There is a
sports stadium being considered for the site, but that idea has yet to be finalized.
Would appreciate any data on similar lands in PA, NJ, DE, MD and Southwest and South
Central areas of NY. Subject property is zoned for commercial-recreational use. The
intended final development will be recreational.
Please respond to either: “aytand@aol.com” (home office) or to
“adove@weinsteinrealty.com” (office). Aytan A. Dove, CCIM, Weinstein Realty
Advisors; 717-848-6777, ext. 224, Fax 717-845-5520; Web site: www.weinsteinrealty.com.
SURPLUS
PROPERTIES
Theater Chains
AMC Theatres in Davie, Hollywood and Orlando, Florida, 27,000 sq.ft. to 37,000 sq.ft.
available for sublease. Regal Cinema Theaters has numerous locations in Florida available
for sublease ranging from 13,000 sq.ft. to 38,000 sq.ft.
For information, contact Sevell Realty Partners, Inc., 2295 Corporate Blvd NW, Suite 125,
Boca Raton, Florida 33431; 561-995-0100, Fax 561-241-4700.
FOR SALE
Cambridge, MA, near MIT
823 Main Street, Cambridge, Massachusetts, just two blocks off Massachusetts Avenue in the
new Central Square and just a few blocks from Kendall Square. Site is approximately 7,430
sq.ft. with three levels and 12 parking spaces. Price is $795,000. The freestanding
building is surrounded by restaurants such as LaGroceria, |
Bertucci’s and the Royal East. Within
walking distance from MIT campus, approximately five million sq.ft. of office space and
three miles from Boston’s Back Bay.
For information, contact Richard Diamond, Oxbow Realty Services, 725 Canton Street,
Norwood, MA 02062; 781-769-2222, Fax 781-769-8186.
Ski Resort Space
Located in the ski resort town of Crested Butte, Colorado. The property consists of four
historic buildings containing a living unit, a restaurant and two retail spaces. Sale
price is $349,000.
For information, contact Mitchell Evans Enterprises, PO Box 1311, 19 Elk Ave., Crested
Butte, CO 81224; 970-349-5407, Fax 970-349-1359; e-mail: realestate@mitchellevans.comWaterfront Property
For sale 16 +\- acres of land with riparian rights, at the foot of the Meadowlands Parkway
in Secaucus, NJ. Zoning HMDC, low density residential and waterfront recreation ideally
located minutes from the Lincoln Tunnel, NJ Turnpike, Route 80, Newark Airport and the
G.W. Bridge.
For information, contact Rick Metjian, Robert DeRuggiero Inc., 210 33rd Street, Union
City, NJ 07087; 201-617-7111, Fax 201-902-9177; e-mail: drugiero@bellatlantic.net.
REDEVELOPMENT
AuSable Valley Golf Course, in Oscoda, Michigan is for sale. The site is
located on 207 acres in a downtown setting. With 10,000 feet of river frontage and access
to a major highway the property could be reopened as a golf course or re-developed. All
major utilities run through the property. Located minutes from the airport.
For information,
contact John Landry,
Heritage
House Realty P.C.,
212 North State St.,
Oscoda, MI 48750; 517-739-4566,
Fax 517-739-4240;
e-mail: jlandry@heritagehouserealty
.com
.
FINANCING
Emigrant Funding Corporation specializes in first mortgage
loans secured by mixed-use (retail\office and apartments)
and strip centers. As a direct lender, Emigrant is able to provide super rates on a
wide range of products, loan processing without costly
fees and usually only a 1% origination fee on most loans.
For information, contact
Emigrant Funding Corp., 3834 Kings Highway, Brooklyn, NY 11234; 718-253-2900, Fax
718-253-7995.
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