Finance  Net Leasing
Net-Leased CVS Property Trades in Illinois
Jul 06, 2009

Marcus & Millichap Real Estate Investment Services has arranged the sale of an 8,540-square-foot single-tenant net-leased property, located in Westville, Ill. The property, which is leased to CVS Pharmacy, commanded a sales price of $950,000. Christopher Thomson, an investment specialist in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a private investor. broker John Przybyla assisted in closing this transaction. CVS Pharmacy is currently in its 14th year of an initial 20-year lease term.

 
Recent Net Leasing Headlines
ProLogis to Develop 554,000-SF BTS Project in the Netherlands
Jul 15, 2009
Like so many real estate companies, ProLogis isn't developing spec projects these days, but build-to-suits are a different story. The Denver-based global industrial REIT just agreed to develop a 554,000-square-foot distribution center in The Netherlands for Hi-Logistics, and if ProLogis has anything to do with it, more build-to-suit transactions will materialize.
ProLogis Inks Leases in Baltimore, Japan
Jun 19, 2009
Industrial REIT ProLogis has signed two separate lease agreements with tenants in Baltimore and Japan.
Colliers B&K to Head Services for Allstate in Western US
Jul 15, 2009
Colliers Bennett & Kahnweiler Inc. has been named transaction management services provider for Allstate Corp.’s Western United States region.
In Supply-Constrained Vancouver Market, 204,000SF Office Trades in Sale Leaseback
Jul 07, 2009
In the midst of the sluggish investment market, where most real assets that are selling are on the smaller end of the spectrum, a major office property in Vancouver has been acquired by Kingswood Capital Corp. The 21-story, 204,000-square-foot Grosvenor Building, located in the city’s Downtown, was sold by property investor and developer Grosvenor Americas, which will continue to make its home at the tower under a leaseback agreement.
Net Lease Market Sluggish, But Not Comatose
Jun 23, 2009
The net lease marketplace is hardly what it used to be, with deal volume at only a fraction of what it was during the mid-2000s boom years. But net lease never did quite grind to a halt, and there’s some evidence that the market is climbing out of the trough it found itself in during the last quarter of 2008.
 
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