Real Estate Southeast and Cushman & Wakefield bring Davita to Eufaula, Alabama

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Real Estate Southeast and Cushman Wakefield co-brokered a lease transaction bringing Davita to 1218 S. Eufaula Avenue, Eufaula, AL 36027 .  Davita leased approximately 5800 sf.

DaVita HealthCare Partners Inc., a Fortune 500® company that, through its operating divisions, provides a variety of health care services to patient populations throughout the United States and abroad.  As of March 31, 2016, DaVita Kidney Care operated or provided administrative services at 2,278 outpatient dialysis centers located in the United States serving approximately 180,000 patients.

Real Estate Southeast is a commercial real estate firm, providing positive results in brokerage, asset management, project leasing, redevelopment and acquisition services.  With almost 30 years of experience, Real Estate Southeast understands the importance of creating value in your investment by providing positive results in the most efficient manner possible.

Cushman & Wakefield is a global leader in commercial real estate services.  The firm provides deep local and global insights that create significant value for occupiers and investors around the world.

Challenging Real Estate Creates Value

We’ve all had challenging deals that require that EXTRA effort.  Recently, we had the opportunity to work on a project requiring a bit of hurdle jumping, overcoming obstacles including current tenant, deadlines, attorneys, etc.  Single tenant Landlords purchasing “at the time” credit deals assume these are no-brainers and will require little attention . . . just collect the checks!  But when the tenant goes south or doesn’t renew, their attention is immediately demanded.  “Plan A” goes into action; find replacement tenant fast!  After a few months no tenant, desperation sets in and bad decisions are made. Box gets chopped up and Landlord puts in Anytenant, LLC and prays rent will come. This is just a short term patch for a bigger problem.  Cash flow is negative and growing worse.  Plan “B” goes into action; get qualified and experienced help!  We marketed the space to qualified tenants and procured Qualified Tenant, Inc.  Now, what do you do with Anytenant, LLC, who pays what they want and decides which lease terms are relevant.  Relocation, buy out, default?  We offered all the above.  Anytenant, LLC is cooperative at first, then decides they don’t want to relocate or a buyout . . . they like their current arrangement just fine.  Next step: default for non-payment and other violations.  Discussions and colorful text messages continue.  Legal proceedings and expenses begin mounting.  Meanwhile, Qualified Tenant, Inc. is growing nervous about delivery and look for their Plan B.  Landlord is faced with loosing Qualified Tenant, Inc. and learning to live with Anytenant, LLC.  We continued to work with all parties and encourage Landlord to see the light at the end of the tunnel,  revealing a solid single tenant investment property.  Finally, an agreement is reached for Anytenant, LLC to move along, and they do.  We started slingin’ hammers and playing catchup for delivery to QualifiedTenant, Inc. and made it with a few days to spare!  Now QualifiedTenant, Inc. and Landlord are living happily ever after and Anytenant, LLC has moved on to another desperate Landlord.  What did we learn?  Diligent efforts, patience and persistence, are required tools in the commercial real estate business.  Putting them into practice is not always easy, but saves lots of time money and heartburn in the long run.2016-08-08 11.54.43

With over 27 years of experience, Real Estate Southeast has learned how to turn challenges into profits.  Our exceptional team consists of a group of talented and dedicated professionals; “proactive problem solvers . . . profit makers”, providing investors and tenants with positive results.  Working with individual investors and institutions, Real Estate Southeast provides services to meet a client’s specific needs, ranging from eyes & ears, brokerage, project leasing, commercial property management to redevelopment.  Check out our properties!

Real Estate Southeast and Cushman bring Davita to Trussville, AL

Real Estate Southeast and Cushman Wakefield bring Davita to Trussville, AL

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Real Estate Southeast and Cushman Wakefield co-brokered a lease transaction to bring Davita to 218 Main Street, Trussville, AL.  Davita leased over 9300 sf.

DaVita HealthCare Partners Inc., a Fortune 500® company that, through its operating divisions, provides a variety of health care services to patient populations throughout the United States and abroad.  As of March 31, 2016, DaVita Kidney Care operated or provided administrative services at 2,278 outpatient dialysis centers located in the United States serving approximately 180,000 patients.

Goodwill Coming to Town Plaza – Arab, AL

Real Estate Southeast Brings Goodwill to Town Plaza – Arab, Alabama

2015-04-30 13.45.30 editedAlabama Goodwill Industries will open in 21,000 SF, formerly occupied by Fred’s, in Town Plaza – Arab, Alabama.  Town Plaza is anchored by Foodland, Goody’s and Factory Connection.  1050 – 4500 sf spaces currently available.

Alabama Goodwill Industries, Inc. is a (501)(c)(3) nonprofit organization and a member of Goodwill Industries International, Inc.®  Partner organizations include:  United Way of Central Alabama, the Alabama Department of Rehabilitation Services, AbilityOne, SourceAmerica, CARF International, and the Birmingham Business Alliance.

Alabama Goodwill Industries currently operates ten retail stores throughout north Alabama.  The revenue from these stores and contracts provides job training, job placement, sheltered employment, and job readiness classes for individuals in our community that are disabled and disadvantaged.

 

Davita Coming To Albany Crossings

Real Estate Southeast and Cushman Wakefield bring Davita to Albany Crossings

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Real Estate Southeast and Cushman Wakefield co-brokered to bring Davita to Albany Crossings in Albany, GA.  Davita leased over 7100 sf taking over former PetSense and Title Max spaces.

DaVita HealthCare Partners Inc., a Fortune 500® company that, through its operating divisions, provides a variety of health care services to patient populations throughout the United States and abroad.  As of March 31, 2016, DaVita Kidney Care operated or provided administrative services at 2,278 outpatient dialysis centers located in the United States serving approximately 180,000 patients.

Real Estate Southeast Brings Dirt Cheap to Anniston, AL

Real Estate Southeast brings Dirt Cheap to 620 S. Quintard, Anniston, Alabama

Dirt Cheap Opening 2-24-16Dirt Cheap recently opened in the former Office Max location at 620 S. Quintard taking 23,500 sf.    This location serves a population of over 67,000 consumers with an average household income of $51,000.

Dirt Cheap, based in Hattiesburg, MS offers discounted merchandise to bargain shoppers.  They are rapidly expanding through out the Southeast.

Real Estate Southeast Welcomes Chickasaw Plaza

Real Estate Southeast welcomes Chickasaw Plaza in Chickasaw, AL to the portfolio.

chickasaw-blue-pylon-rotatedReal Estate Southeast is glad to welcome Chickasaw Plaza – Chickasaw, AL to the portfolio of properties under management.  Chickasaw Plaza is a 72,000 sf community shopping center anchored by Rite Aid, Fred’s and Citi Trends.  1200 – 1665 SF available for lease.

Real Estate Southeast Welcomes Harbor Freight to Anniston Plaza

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Harbor Freight Tools opened in  Anniston Plaza February 2015. The store is 17,770 SF location  in Anniston Plaza.  Harbor Freight is a fast-growing operator of over 600 full-line hardware stores in 47 states.

Real Estate Southeast, LLC handled the leasing and construction management for Harbor Freight in Anniston Plaza.  Alabama-based, Real Estate Southeast offers commercial property management, leasing, development, construction management and acquisition analysis. Real Estate Southeast currently manages and leases over 1.5 million square feet of retail space.

Real Estate Southeast Welcomes Town Plaza Arab, AL

Real Estate Southeast welcomes Town Plaza in Arab, AL to the portfolio.

2015-04-30 12.04.09 Real Estate Southeast is glad to welcome Arab Town Plaza – Arab, AL to the portfolio of properties under management.  Arab Town Plaza is a 71,000 sf community shopping center anchored by Foodland, Goody’s and Factory Connection.  1000 – 21,000 SF available for lease.

DTZ and Real Estate Southeast bring Davita to Demopolis Towne Center

Real Estate Southeast brings Davita to Demopolis Towne Center. Davita opened in the 7,506 SF space in March 2014. Demopolis Towne Center is a retail center consisting of 57,800 SF center anchored by Goody’s, Fred’s, Citi Trends, and Hibbett.  Real Estate Southeast handles the management and leasing for Demopolis Towne Center.

DaVita HealthCare Partners Inc., a Fortune 500® company that, through its operating divisions, provides a variety of health care services to patient populations throughout the United States and abroad.

Real Estate Southeast Welcomes New Grocery Concept to Triangle Plaza,Louisa, VA

Farmers Foods Reopens as Food Depot

Food.Depot_Farmers Foods reopens as Food Depot in Triangle Plaza Louisa, VA. The new Food Depot grocery concept offers consumers great deals by charging cost plus adding 10 percent to the total food bill at checkout.

Farmers Foods, based in South Boston, VA, introduces this new grocery concept to Virginia, offering the single best value to the customer. The store will continue to be a full-service grocery store, stocking all of the conventional items, including national and private label brands. Fresh and frozen meat, seafood and produce will be expanded.

Food Depot in Louisa, VA is operated by Farmers Foods, serving the VA & NC markets since 1965. http://www.farmersfoods.com/index.asp

RESE, LLC Welcomes Rue21 to Town West Center, Paragould, AL

Rue21 plans to open in Town West Center in Paragould, AR in time for back-to-school 2013. Rue21 will occupy 4500 sf next to Belk.Rue21 is based in Warrendale, PA and operates 941 locations in 47 states. Rue21 offers trendyaffordable fashion and accessories for girls and guys. http://www.rue21.com/en/About%20rue21.aspx

Kennedy Associates (Atlanta, GA) is the architectural firm for the project.
P & C Construction, Inc. (Chattanooga, TN) is the contractor.
Real Estate Southeast, LLC is handling the leasing, management and redevelopment for Town West Center. Alabama-based, Real Estate Southeast offers commercial property management, leasing, development, construction management and acquisition analysis. Real Estate Southeast, LLC currently manages and leases over 1.5 million square feet of retail space.

RESE, LLC Welcomes Hibbett Sports to Cherokee Plaza, Centre, AL

BRMINGHAM – Hibbett Sporting Goods, Inc., the national sporting goods retailer based in Birmingham, plans to open the new location this summer at Cherokee Plaza Shopping Center (next to Goody’s). The store anticipates employing eight full-and part-time team members. Hibbett has 84 locations in Alabama.

Hibbett is a fast-growing operator of over 880 full-line sporting goods stores in small to mid-sized markets, predominantly in the Southeast, Mid-Atlantic and Midwest, according to a company press release dated June 11. http://www.hibbett.com/about-us/.

HW Architects, Inc. (Montgomery, AL) is the architectural firm for the project. Richard Vann Construction, Inc. (Gadsden, AL) is the contractor.

Real Estate Southeast, LLC handles the management and leasing of Cherokee Plaza. Alabama-based, Real Estate Southeast offers commercial property management, leasing, development, construction management and acquisition analysis. Real Estate Southeast, LLC currently manages and leases over 1.5 million square feet of retail space.

Belk to Expnd in Town West Shopping Center, Paragould, AR

72450_08$1.8 million project will add 10,000 sq. ft. of space and enhance store’s shopping environment and merchandise offerings.  Grand re-opening set for October 16, 2013.  When completed, the 48,000-square-foot remodeled store will have an updated decor with new paint, carpet, tile aisles, and lighting designed to enhance the shopping environment. The expansion and remodeling will be completed in late September prior to the store’s grand re-opening on October 16, 2013. “Our expansion and remodel will create an exciting new decor and shopping experience for our customers in the Paragould community”, said Julie Matthews, store manager.  Belk has served Paragould from its store at Town West Shopping Center since 1999, and opened its original store in Paragould under the Belk Simpson name in 1954.  Belk Celebrates 125th Anniversary Belk is celebrating its 125th anniversary this year with numerous special promotions and events designed to express appreciation to customers, associates, vendors and other stakeholders for their contributions to the company’s success. Activities will include exclusive product offerings, celebrity appearances and community service projects across the company’s 16-state market area. For more information, visit http://www.belk.com/125/index.html.

Town West Shopping Center is managed and leased by Real Estate Southeast, LLC.  Real Estate Southeast, LLC currently manages and leases over 1.5 million sf, providing clients with property management, leasing, development, construction management services.

RESE,LLC Receives Brokerage Assignment for Davita in AL & GA

Real Estate Southeast handles brokerage assignments for DaVita in AL & GA through DTZ, a UGL companyDaVita is the dialysis division of DaVita HealthCare Partners Inc., a Fortune 500 company providing a variety of health care services to patient populations throughout the United States and abroad.  As of September 30, 2012, DaVita operated or provided administrative services at 1,912 outpatient dialysis centers located in the United States.  Real Estate Southeast offers professional real estate services including property management, leasing, brokerage, re-development, construction management services and financial analysis. Our team provides positive results in the most efficient manner possible.  Real Estate Southeast currently manages and leases over 1.5 million sf and has leased over 400,000 sf in the past 30 months.

Salvage Grocery Store to expand in Eastgate Shopping Center, Franklinton, LA

DSC00708Salvage Grogery recently expanded into 15,000 sf in Eastgate Shopping Center: a 81,515 square foot community serving over 47,000 consumers with an average HH income of $34,000. The center is comprised of nationally recognized retailers including:  Dirt Cheap, Dollar General, and more to come! Eastgate is a strong value oriented neighborhood shopping center that adequately services the needs of the local community. Eastgate offers 1800 to 6000 sf available!

Dirt Cheap to Expand in Eastgate Shopping Center, Franklinton, LA

DSC00710Eastgate Shopping Center is a 81,515 square foot community serving over 47,000 consumers with an average HH income of $34,000. The center is comprised of nationally recognized retailers including: Dirt Cheap (expanded into 28,445 sf!), Dollar General, and more to come! Eastgate is a strong value oriented neighborhood shopping center that adequately services the needs of the local community. Eastgate offers 1800 to 6000  sf available!

RESE,LLC Welcomes Athens Town Center, Athens AL

Athens Town CenterAthens Town Center is a 210,000 SF regional shopping center located just west of I-65 and Hwy. 31, in the heart of the city of Athens, Alabama. Athens Town Center serves over 50,000 consumers with an average HH income of $53,000. The center is comprised of nationally recognized retailers including:  Tractor Supply, Burke’s, Goody’s, Big Lots, Save-A-Lot, Farmers Furniture and more to come!  Athens Town Center offers 1186 – 3254 sf opportunities!

GOODY’S opened in Cherokee Plaza, Centre, AL

SAM_6010GOODY’S, headquartered in Houston, TX, has recently opened in Cherokee Plaza Centre, AL. Stage Stores, Inc. brings moderately priced, nationally recognized brand name and private label apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities across 40 states. With over 800 stores operating under the “Bealls”, “Goody’s, “Palais Royal”, “Peebles” and “Stage Store” trade names, the company has developed a unique retailing concept and niche in these markets by offering a broad range of nationally recognized brand name merchandise with a high level of customer service in convenient locations! Cherokee Plaza is glad to welcome Goody’s to Centre, AL and Cherokee County. Cherokee Plaza is also anchored by Dollar General and Fred’s.

 

RESE,LLC Welcomes Dan River Plaza, Danville, VA

Dan River Plaza is a 54,605 square foot neighborhood center serving over 45,000 consumers with an average HH income of $49,925. The center is comprised of nationally recognized retailers including: Family Dollar and more to come!  Dan River Plaza is well located to capitalize on the exciting redevelopment of the downtown community. Dan River Plaza offers 35,585 sf anchor space and outparcel opportunities!