M id A tlantic Real Estate Journal — Shopping Centers — July 28 - August 10, 2017 — 11A
S hopping C enters Off-market transaction trades at an aggressive cap rate Yanni and Ginn of Equity Retail Brokers sell AutoZone P hiladelphia, PA – Ken Yanni and Ed Ginn of Equity Re-
Houlihan-Parnes places $1.3 million mortgage loan
tail Brokers were the sole brokers facilitating the sale of a new construction AutoZone in Philadelphia. The buyer was an out-of- state 1031 buyer. It was an off-market transaction that traded at an aggressive cap rate. The AutoZone is now under construction. n KLNB brings first Massage Envy to Washington D.C.
1959 & 1979 Bruckner Blvd.
Bronx, NY — Michael O’Neill of Houlihan-Parnes, Realtors, LLC / Q10 l NY Re- alty Advisors announced the placement of a $1.3 million first mortgage on the 1,900 s/f Ken- tucky Fried Chicken building
and CleanCity laundry facility located at 1959 & 1979 Bruckner Blvd. The 7-year, non-recourse loan is fixed at 4.2% interest on a 30-year amortization schedule. The lender,also agreed to 3-year option to extend. n
AutoZone RE_ad_version1.qxp 11/2/2005 11:54 AM Page 1
Baltimore , MD — KLNB announced today that Massage Envy’s first fran- chised location in Washing- ton, D.C. is opening at 4926 Wisconsin Ave. NW in Ten- leytown. This 3,000 s/f lease marks the first membership massage franchise in D.C. proper and the first to receive a special exemption permit in the District. KLNB principal, Ben Becker , represented the independent owner and opera- tor of the D.C. Massage Envy in the deal and has brokered the deals for 53 other Mas- sage Envy franchised locations throughout the Mid-Atlantic. KLNB will continue handling leasing for future locations as Massage Envy franchisees expand throughout D.C. “KLNB has worked with Massage Envy throughout the Mid-Atlantic region for the past 10 years, and it wasn’t al- ways easy to secure leases for a standalone massage clinic,” said Becker. “We spent the first few years of our relation- ship educating landlords about the benefits of having a health and wellness tenant and the value that Massage Envy can provide as a synergistic, strong traffic driver. Over time, land- lords began to love the idea, and Massage Envy became a tenant in high demand.” n Shown from left: Tony Jacques, franchisee; Terri Jacques, franchi- see; Greg Nagel, area co-developer for Massage Envy; Ben Becker, principal at KLNB; Diane Kelley, franchisee; Joe Kelley, franchisee.
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