18 — February 24 - March 15, 2012 — Shopping Centers — Mid Atlantic Real Estate Journal
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S HOPPING C ENTERS
RELY ON RETAIL
ERB represents the landlord, Spring Ridge LP Rose Urban of Equity Retail Brokers leases 6,800 s/f restaurant
W
YOMISSING, PA — Just leased by Rose Urban of Eq-
uity Retail Brokers, Seafood Shanty, LLC leased a 6,800 s/f building on a pad site at Broadcasting Square, locat- ed at 2713 North Meridian Boulevard in Wyomissing, Berks County, PA. The site was formerly occupied by Mason’s Restaurant. Equity Retail Brokers represented the landlord, Spring Ridge LP, in this transaction. The restaurant opened on Febru- ary 7. Originally based in Bucks County, Seafood Shanty had outposts all along the East Coast and was famous for
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Larry O’Brien , CCIM - Ben Chiaro , CCIM John Birkeland - Greg Finkelstein 717.854.5357 www.rockrealestate.net
Seafood Shanty logo
their New England clam chowder, bouillabaisse, and a
GAINESVILLE, VA — Calkain Companies, has procured the sale of a two tenant building occupied by 7-11 and a local veterinary practice in Gainesville, VA. Jeff Bogart of Calkain Companies represented the seller in the transaction. “We have seen an increase in buyer interest for invest- ment assets over the past nine months, both from out- of-state and in-state inves- tors, because of accessible credit and low inventories,” Bogart stated. “Since Janu- ary 2010, credit income prop- erties have become increas- ingly harder to find in the DC-MSA, thus, compressing cap rates as much as 175 basis points over the last two years. This particular asset was a two tenant NN lease building located in the Heritage Hunt Retail devel- opment in Gainesville, VA” Bogart added. The buyer was a local in- vestor and the seller was Buchanan Partners. ■ WASHINGTON, DC—Doug- las Development is pleased to welcome Sixth Engine, a firehouse inspired American bistro, as the newest addition to Washington, DC’s Mount Vernon Square neighborhood. The restaurant opened its doors Friday in the Douglas Develop- ment-owned historic Engine 6 firehouse at 438 Massachusetts Ave, NW. Sixth Engine leased the 3,600 s/f property from Douglas Development in March 2011. ■ Douglas Dev. leases a 3,600 s/f bistro Calkain procures buyer for 7-11 seriously delicious Key Lime pie. ■
We’re looking for sites in PA End Cap, In-line, Free Standing Flexible Space Requirements Locations Wanted Consistently Ranked #1 Franchise - 45+ Y ear T rack Record
Non-Traditional Venues - Hospitals/Colleges Universities/B&I/Stadiums/Casinos/Airports
Local Contacts:
Eastern PA — 610-366-8120 x 24, Cheryl Green green_c@sdepa.com Philadelphia PA — 610-768-8990, Rawley Shelton rawleyshelton@gmail.com
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