Boynton Town Center Sold and NNN Florida Development

Palm Beach Gardens, Florida - The NNN Florida property news this afternoon is on a new Retail Shopping Center breaking ground and a 4 year old Retail Shopping Center being sold in Florida. Starting out in Ocala, Florida, we want to report that Deerfield Beach-based SIKON Construction broke ground for the new Publix-anchored retail shopping Center. This retail shopping center will be known as Park View Commons and is being constructed under a $7 million contract with KSH Parkview Commons, LLC.

The Deerfield Beach-based SIKON Construction broke ground recently. This will a new 70,599-square-foot Publix-anchored retail shopping center. This Florida NNN Property will be designed by api(+), Tampa. The Company api(+) works with an intense motivation to help build business and customer awareness and satisfaction for the long term. The Company api(+) completes this through strategically focused retail design that is visually exciting and distinctive.

This Florida NNN Property sits on a 16.8-acre net lease site and will include a new 45,600-square-foot Publix Super Market. This Florida NNN Property will also have approximately 25,112 square feet of additional retail space, and should be finished by November of 2011.

We also have Florida NNN Property news from Boynton Beach, Florida in Palm Beach County. The Retail Power Center, Boynton Town Center has recently sold. The Net Leased Property, Boynton Town Center is located at the northeast corner of N. Congress Avenue and Old Boynton Road. This NNN Florida Property sits in the heart of the Boynton Beach's commercial zoned retail district. The Florida NNN Property consists of a wide range of business including restaurants, retail, office and service oriented net lease tenants. This Florida NNN Property is currently about 92% leased.

The St. Petersburg-based commercial real estate developer Sembler Company sold the Boynton Town Center. The Florida NNN Property has SuperTarget, Best Buy, Total Wine & More and Michaels anchoring the center, but this transaction did not include the large SuperTarget store. The SuperTarget building is owned by Target Corp. and therefore not involved in this net lease property sale. We are not aware if this net leased property was involved in a 1031 Exchange.

The net leased property sold for $59 million. The Net Leased Property Seller was an affiliate of the Sembler Company. The Sembler Company has developed many architecturally beautiful retail shopping centers. The NNN commercial real estate development company has received a variety of awards.

The net leased property buyer was Morguard Investments. This net leased property buyer is currently based in Canada. The Retail Power Center had some of the net lease tenants opened their doors in 2007. The Net Leased Property is anchored by excellent Tenants, including SuperTarget, Best Buy and Michael's. Michaels took over approximately 23,407 square feet in this net leased property, opened late in 2009. Boynton Town Center is at the prime address of 1000 North Congress Avenue in
Boynton Beach, with the 33426 zip code.

This Florida NNN Property, Boynton Town Center is a recently developed, high quality retail power center. As we see Land which can be developed, becoming very scarce in South Florida, this will be one of the last retail net lease properties developed in this area of Palm Beach County.

We see Investors looking for Net Lease Properties to sell net lease properties,and purchase NNN Property or for 1031 exchange replacement properties. There are listings available at Commercial Property For Sale in Florida if you are ready to buy or sell. .

We recommend NNN Florida Investors use financing specialists from Loanrise.com for CTL Financing and Commercial Loans.

NNN Florida News on Publix Construction

Fort Lauderdale, Florida - NNN Florida reports that ground has been broke to develop a new Publix in Fort Lauderdale, Florida. The Deerfield Beach-based SIKON Construction Company has recently started construction on the net lease property with Publix as Tenant. This new NNN Florida Investment Property will cost approximately $5 million. This NNN Florida development will house Publix at The Galleria Mall in Fort Lauderdale.

This new 30,907-square-foot Publix Super Market will be a traditional type Publix, however it will carry the Publix GreenWise Market brand items. Currently, it appears Palm Beach Gardens, beautiful Boca Raton and Tampa Bay, Florida have the new Publix Greenwise Markets. These are also great areas for Cheap Car Insurance Quotes for any type of car or truck.

Florida Construction Company

On an adjoining net lease site last summer, the SIKON Construction Company constructed a new free-standing 1,300-square foot Starbucks Coffee House. This new NNN Florida Publix market is being designed by Fisher & Associates, Inc., from Clearwater, Florida. The new NNN Florida Publix project is slated for completion, if all goes as planned, in July 2011. This Publix commercial real estate in Florida development is at Sunrise Boulevard and was previously a Wild Oats Market. The new NNN Florida Publix market will get the retail foot traffic from the Fort Lauderale area east side and the beach customers in that area.

SIKON Construction, is from Deerfield Beach and Orlando, Florida. SIKON Construction has approximately 1,079,000 square feet of retail projects currently under construction. SIKON Construction now ranks as the largest South Florida and 2nd largest Florida-based retail shell contractor according to Retail Traffic magazine’s 2010 Top Contractors (August 2010 issue). SIKON Construction has constructed 1,184,000 square feet of shell space and Retail Shopping Center Projects during the survey year and 8,768,000 square feet in the past five years. The SIKON Construction company also built about 2,793,999 square feet of interior space during the past five years including 473,100 square feet during the past year.

SIKON management team is led by Steve Goraczkowski, CEO, and also includes R.E. "Ed" McWhorter, President and Director of Business Strategies, and Dale E. Scott, CDP, Senior Executive Vice President. One of their recent prized net leased properties to be built was mixed-use development in Coconut Creek, Florida. This investment property constructed by Sikon is a new LEED Silver certified, 550,000-square-foot Promenade at Coconut Creek mixed-use development. One of premier Retail Shopping Centers that Sikon built was the first LEED-certified Publix GreenWise store, in Palm Beach Gardens, Florida.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or for 1031 exchange replacement property opportunities.

We recommend NNN Florida Investors use financing specialists from Loanrise.com for CTL Financing and Commercial Loans.

NNN Florida Publix Anchored Retail Shopping Center

Melbourne, Florida - NNN Florida reports that a Top producing Publix anchored center recently underwent expansion. The Deerfield Beach-based SIKON Construction Company recently completed the new $3 million net lease property with Publix. This Retail Shopping Center, Publix-Anchored is a 45,000-square-foot Store at Windover Square in Melbourne, Florida. This net lease property replaced the prior Publix Super Market. This Florida Net Lease Property was developed by PMAT Real Estate Investments, LLC, Mandeville, Louisiana. This Florida project is located at 2227 W. New Haven Avenue. This was one of many beautiful projects that was designed by Cuhaci & Peterson, from Orlando.

This Publix-anchored Shopping Center has an estimated population in 5 miles of 129,000 people. The Average household income is $55k in this area of Florida. The Median age is 37. Other notable net lease properties in this area are Popeye's Chicken and Red Lobster on out-parcels. This is a Prime location on 1-92 with no other grocery store anchored centers in the area at all. This Publix-anchored Shopping Center benefits from being located just minutes from I-95 and US 1.

The last new Retail Shopping Center with Publix to open in Brevard area, was six years ago in the Cornerstone Plaza in Cocoa Beach. The Publix Grocery Store chain currently has 23 stores and about 3,000 employees across the Space Coast and in Sebastian in Indian River County. The average Publix store employs about 150 people.

SIKON Construction is based in Deerfield Beach and completed the new Publix at Windover Square in Melbourne, Florida. SIKON’s has many longtime clients which include the profitable Publix, Best Buy, Fresh Market, Target Corporation, Whole Foods and Winn-Dixie. Some of these clients are tremendous Tenants for net lease properties.

SIKON Construction, of Deerfield Beach and Orlando, has 1,072,000 square feet of retail projects currently under way. SIKON Construction currently ranks as the largest South Florida-based and 2nd largest Florida-based retail shell contractor according to Retail Traffic magazine’s 2010 Top Contractors (August 2010 issue). SIKON Construction has constructed 1,184,000 square feet of shell space and Retail Shopping Center Projects during the survey year and 8,768,000 square feet in the past five years. The Construction company also built 2,893,000 square feet of interior space during the past five years including 473,100 square feet during the past year.

For National specialists providing Triple Net Lease Properties to investors for new acquisitions or those who are involved in a 1031 exchange.
CONTACT US HERE for:

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If you are buying Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com. CONTACT HERE for Loan Quote.

Chase Bank Ground Lease Sold

Miami, Florida - We have news on a Chase Bank, Ground Lease in Miami. This net leased property is located at the southwest corner of Biscayne Boulevard (US 1) and NE 108th Street. A Commercial Real Estate Broker helped this Ground Lease take place. This Chase Bank Ground Lease Investment is a newly constructed freestanding Building. This Miami Beach Commercial Property is leased by JP Morgan Chase.

This Ground Lease Florida Investment Property was purchased by AZ Biscayne Holdings, LLC. Some Chase Bank Ground Lease to compare this with are a Net Lease Property with a corporate signature and a 6.07% CAP Rate with increases every 5 years. This Miami Chase Bank Ground Lease was based on a Cap Rate of 6.5%. The Commercial Loan used to finance this transaction was provided by a Bank.

Another Investment Property Search found an Investment Property currently leased by Chase Bank. This Investment Property has been occupied for more than 35 years by various banks, with no vacancies. The net lease property is in good condition, in a prime location with great street visibility. This Chase Ground Lease Investment currently has a five year lease. These Ground Lease with a Corporate Tenant make for an excellent, long-term net lease investment.

 1031 Exchange Property Solutions

For National specialists providing Triple Net Lease Properties to investors for new acquisitions or those who are involved in a 1031 exchange.
CONTACT US Today for:

1031 Exchanges
Triple Net Properties
Buying Investment Property
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If you are buying Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com. CONTACT HERE for Loan Quote.

Publix-Anchored Retail Center Signs Leases

Ocala, Florida - We have information on one of the most desirable Triple Net Lease Properties, Publix. Konover South, LLC, based in Deerfield Beach, Florida has three new leases at its new Publix-anchored, retail center in Ocala. This Publix-anchored, 92,600-square-foot retail center to break ground in Ocala, FL, in November 2010 and slated to open in November 2011. This Publix-anchored Retail Center will be called Park View Commons.

Konover South, LLC, is one of the Southeast’s premier retail developers. The three long-term net leases currently signed, in addition to the Publix lease, are Ace Hardware’s, a Miyako Japanese Steakhouse restaurant lease and a Zhang Garden Chinese restaurant lease. Ace Hardware’s will be a 10,000-square-foot outparcel lease on the Publix-anchored retail center.

This Investment Property is conveniently located at the intersection of Maricamp Road (SR 464) and SE 24th Street. The Retail shopping center will feature a 45,600 square-foot Publix Super Market and will also include 25,000 square feet of in-line retail shops. Also the Retail shopping center will have three prime outparcels totaling 22,000 square feet.

For National specialists providing Triple Net Lease Properties to investors for new acquisitions or those who are involved in a 1031 exchange.
CONTACT US HERE for:

1031 Exchanges
Triple Net Properties
Investment Property For Sale
Buying Investment Property
Net Leased Properties
1031 Property Exchange
Net Leased Investments

If you are buying Commercial Real Estate or a "NNN" Triple Net Leased Property, you can apply for CTL Financing, Non Recourse Loans and Commercial Loans at Loanrise.com. CONTACT HERE for Loan Quote.