Sunday, April 4, 2010
NEW YORK, NY– Marcus &Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for two ShopRite anchored shopping centers and one freestanding ShopRite store located in Upstate New York.
Steven Siegel, (middle left photo) a vice president investments and senior director of the firm’s National Retail Group in Manhattan, is representing the seller.
"The ShopRite properties allow an investor to acquire three management-free assets: one for seven years and two for 14 years,” adds Siegel.
The three properties are:
ShopRite Plaza–Warwick, (bottom right photo) located on Route 94 South in Warwick, N.Y., 55 miles southwest of New York City, the 80,263-square foot retail center is anchored and master-leased by ShopRite. The listing price is $21,466,952, or $267 per square foot.
ShopRite–Fairview Plaza, located on Healy Boulevard in Hudson, N.Y., approximately 100 miles northeast of New York City, the property is a freestanding 59,722 square foot triple-net-leased ShopRite grocery store. The listing price is $9,258,000 or $155 per square foot.
ShopRite Supermarkets Inc. is a wholly owned subsidiary of Wakefern Food Corp. ShopRite stores are among the highest volume stores in the supermarket industry.
Through nearly 60 years of service, ShopRite has built a reputation as a low-price leader while offering the five million customers it serves each week unprecedented variety and excellent customer service.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
Comptroller Haynie noted that February 2010 collections were roughly one percent higher than February 2009. “However, in light of the fact that February 2009 saw the biggest single month decline since 9/11, it is not yet time to celebrate,” Haynie stated.
For a complete copy of the news release and statistics, please contact:
Joan Randolph, Executive Assistant, Comptroller's Administration, 201 S. Rosalind Avenue, Orlando, Florida, 32801, Tele: 407-836-5986, Fax: 407-836-5599 or
Martha O. Haynie (407) 836-5690
ORLANDO - NAI Realvest has been appointed exclusive sales and marketing representatives for the Winter Garden Business Park, (top left photo) a flex/office park with retail component located at 1218-1232 Winter Garden Vineland Rd., just south of SR 50 in Winter Garden.
The Winter Garden Business Park is list priced at $6,500,000.
For more information, contact:
Drew Saphos, Broker Associate, NAI Realvest 407-875-9989 firstname.lastname@example.org;
Christie Alexander, Principal, NAI Realvest 407-875-9989 Calexander@realvest.com;
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 Glivingston@realvest.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 email@example.com
ALTAMONTE SPRINGS - Mercantile Capital Corporation, Inc., which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it closed on 12 commercial loans for more than $35.7 million in total project costs during the first quarter which ended March 31.
Geof Longstaff, (top right photo) chairman of Mercantile Capital Corporation, said commercial property loans during the first quarter of 2010 represent a significant increase over the first quarter of 2009, when Mercantile Capital closed on three loans for more than $3.2 million in total project costs.
“The market is coming alive,” Longstaff said. “Small business owners are realizing that the SBA 504 loans offer several major advantages over traditional sources, not the least of which is that we have capital available and we are providing it to those small business enterprises,” he said.
The largest single loan during the first quarter---more than $7.59 million in total project costs---financed the acquisition of a Hampton Inn in Port Arthur, Calif.
“Our loan volume for the first quarter of this year is almost half our entire loan volume in 2009,” said Hurn, who projects Mercantile Capital Corporation will close on commercial property loans valued at more than $100 million this year.
SBA 504 commercial property loans offer below-market interest rates with only 10 percent down.
For more information about this press release, contact:
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040; firstname.lastname@example.org;
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040; email@example.com;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 firstname.lastname@example.org