M id A tlantic Real Estate Journal — Shopping Centers —ICSC PA/NJ/DE Conference & Deal Making —— August 24 - Sept. 13, 2018 — 9C


Sold individually, private investors purchase properties in a 1031 exchange Calkain’s Fernandez arranges $5.73 million sale of Washington, DC Metro Applebee’s F REDERICK, MD & WARRENTON, VA — Rick Fernandez , se- private investors in a 1031 exchange. ICSC PA/NJ/DE C onference & D eal M aking

Fernandez commented, “The buyers were looking for long term stabilized real estate with solid fundamentals and no landlord responsibilities.” He continued, “The long operating history, ideal casual dining locations, demographics and tenant guarantee were critical to closing the deal.” Calkain’s national platform and reputa- tion as the leading provider of NNN investment property de- livered multiple offers allowing the seller to choose the most favorable closing terms. 

nior manag- ing director of Calkain Companies , recently bro- kered the sale of two Apple- bee’s restau- rants, one in F r e d e r i c k ,

Rick Fernandez

MD and the other in Warren- ton, VA. Sold individually, the properties were purchased by NAI Emory Hill reps. La Tolteca Restaurant in Concord Square WILMINGTON, DE — La Tolteca is now open at its new location in Concord Square

Warrenton, VAApplebee’s

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S h o p p i n g C e n t e r i n Wilmington. T h e l o - cal Mexican r e s t a u r a n t m o v e d i t s Wilmington r e s t a u r a n t from its for- mer location in the Fair- fax Shopping Center into its new build- ing, formerly a Chili’s res- taurant , at 4147 Concord P i k e . NA I Emory Hi l l c omme r c i a l r ea l e s t a t e agents Jim O’Hara Jr., Jim O’Hara III and Kevin O’Hara rep- resented the tenant in the

  Seeking Retail Opportunities Consistently Ranked #1 Franchise - 50+ Y ear T rack Record

Jim O’Hara Jr.

Looking for sites in PA & S. NJ End Cap, In-line, Free Standing Flexible Space Requirements

Jim O’Hara III

Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports

Kevin O’Hara

lease of the 5,800 s/f building. La Tolteca is a Delaware owned and operated restaurant chain with ten additional res- taurants throughout the state of Delaware.  NAI CIR brokers Roto-Rooter lease in Lebanon County PALMYRA, PA — The 6,800 s/f retail property located at 1308 East Main St. in Pal- myra, was recently leased to Roto-Rooter by David Risser. Niko Kranias , of NAI CIR , handled the transaction. 

Eastern PA — Local Contacts: Philadelphia PA & Southern NJ —

610-366-8120 x 24, Cheryl Green green_c@sdepa.com 410-752-6760, Evan Brodie evan@sandhumanagement.com

realestate.subway.com www.subway.com


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