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!

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.

 

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.