Atlanta – The properties, which totaled more than $11 million in sales revenue and more than 218,000 square feet of retail real estate, are located in Illinois, Missouri and Alabama.
Atlanta – SRS Real Estate Partners (SRS) has executed three single-tenant-net-lease transactions between March and May 2014, totaling more than $11 million in sales revenue and more than 218,000 square feet of retail real estate. The properties are located in Illinois, Missouri and Alabama. Kyle Stonis, Pierce Mayson and John Topping of the SRS Southeast Investment Sales team, and Steven Aberman of WBS Properties, represented the seller in the sale of a Winn-Dixie in Atmore, Ala. The property is approximately 38,000 square feet and is located two miles north of the Florida state line.
Stonis, Mayson and Topping also brokered the sale of a 48,091-square-foot property in St. Joseph, Mo., which is occupied by Apple Market. The property is situated along Interstate Highway 169. The property was sold for $2.47 million on March 28. Stonis, Mayson and Topping in the SRS Atlanta office represented the seller in the transaction. The buyer did not have broker representation. Mayson and Stonis also brokered the sale of a Sam’s Club in O’Fallon, Ill., between an affiliate of Wells Fargo Bank, NA, and the seller from New York City. The 132,408-square-foot Sam’s Club was purchased for $6.78 million. The seller did not have representation in the transaction.
— Scott Reid