Commercial

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction CVS Pharmacy ground lease located at 2501 N. Field Street in Dallas, Texas for $14,890,000. The property sold at a 4.60% cap rate which is the lowest cap rate for a CVS sale in 2016 according to CoStar

Crescent Communities has commenced construction on Lakemont East, an innovative industrial building in Fort Mill, South Carolina. Lakemont East, which offers 201,000-square-feet of multi-use space, is the latest addition at the 864-acre Lakemont Industrial Park, where Crescent has developed more than 5 million square feet of space in Charlotte’s Southwest and York County submarkets. Located on Springhill Farm Road off Carowinds Boulevard, Lakemont East features an innovative design and sustainable features

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased movie theatre portfolio consisting of three properties located in North Carolina for $15,973,000. The portfolio consists of three long term leased movie theaters with over 16 years remaining tenanted by Coastal Cinemas, Creekside Cinemas, and Spring Lane Cinemas. The absolute triple net leases feature annual rental escalations and no landlord responsibilities. Each of the properties is located in strategic retail locations with minimal competition in the surrounding trade areas.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Lee & Associates, announced today that the two firms completed the sale of a single-tenant Sonic Drive-in located at 9505 Magnolia Avenue in Riverside, Calif. The sale price of $2,555,000 represented a cap rate of 4.70%, a record low for a single-tenant Sonic Drive-In restaurant nationwide.

According to international award-winning firm KTGY Architecture + Planning, well-designed luxury homes targeting 55+ buyers in amenity-rich communities continue to experience strong demand. Prior to Toll Brothers’ Regency at Summerlin® opening, the sales team had hundreds of individuals on their waiting list. Toll Brothers Group President Gary Mayo says that 45 homes were sold within the first four months after the models were open, and the waiting list has grown exponentially

The Max C. Tipton Award for Marketing Excellence was recently presented to Nick Lehnert of KTGY Architecture + Planning at the 2016 SoCal Awards at the Disneyland Hotel in Anaheim, California. This annual awards gala is presented by the Building Industry Association’s Greater Sales & Marketing Council of Southern California and recognizes the best in professional achievement, sales, marketing and design throughout the region

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 307 Highway 5 in Logansport, LA for $1,113,685. The 9,014 square foot Dollar General building is strategically located along Highway 5 which is the primary north-south thoroughfare in the trade area. The surrounding trade area features Dairy Queen, Whataburger, Subway, Brookshire Brothers, Community Bank of Louisiana, Farmers State Bank and Family Dollar.

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s Greater Sales and Marketing Council’s 2016 SoCal Awards program. Eight KTGY-designed communities received either award wins or finalist honors for the architectural design of single-family detached and multifamily for-sale residential communities, home plan and best community feature at the SoCal Awards ceremony held on Saturday, September 10th, at the Disneyland Hotel in Anaheim. The SoCal Awards program honors the best in professional achievement, sales, marketing and design throughout the Southern California home building industry

Crescent Communities is excited to partner with two homebuilders, Fielding Homes and Lennar, for its Paddlers Cove residential community at Lake Wylie. Fielding Homes will be the featured homebuilder at Paddlers Cove, which will total approximately 550 homes when fully built out, while Lennar will be the featured builder at the adjacent Summerhouse at Paddlers Cove neighborhood, which will total approximately 170 homes.

WPM Commercial, an Atlanta-based investor and developer, said today it is marketing for sale a 220-acre tract entitled for up to 3,500,000 square feet of distribution and manufacturing space in Adairsville, Georgia.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Insurance Auto Auctions, Inc. (IAAI) property located at 891 Ballardsville Road in Eminence, Kentucky for $5,619,000. IAAI is one of the leading North American salvage auto auctions with the largest facility footprint, strong buyer base and high auction returns

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor

On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). The grand opening celebration was held at 1:00 p.m. at 309 South Street, San Luis Obispo, CA 93401

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker on ICSC’s N3 Triple Net Lease Panel in Chicago on October 19th, 2016. The panel will be held during the ICSC Chicago Deal Marking.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at N65 W24950 Main Street in Sussex, Wisconsin for $1,075,000. The Starbucks property is located at the intersection of Highway 164 and Main Street on the western edge of the Village of Sussex. The property is shadow-anchored by a highly successful Pick 'n Save grocery store and shares common site access with a North Shore Bank branch. The property benefits from excellent visibility and simple access

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of a 6,786-square-foot multi-tenant retail pad to a new Walmart Supercenter in Ontario, Calif. The sale price of $5,968,800, representing a cap rate of 5.02% and $880 per square foot, achieves a record low cap rate and the highest price per square foot for a multi-tenant pad building shadow anchored by Walmart in California, according to CoStar.