 |
April 2006 - Capital Pacific is pleased to announce the closing of the Skagit Valley Mall, a 172,000 square foot
grocery-anchored community center located in Mt. Vernon, Washington. After brokering the sale of Skagit Valley Mall in 2004,
Capital Pacific was enlisted to bring the property back to market. In those two-years, the building underwent extensive renovation
including new retail spaces, re-tenanting, upgrades to infrastructure and new signage. Having re-established itself as a retail
destination point in the Mt. Vernon area, Skagit Valley Mall was an attractive investment property, garnering considerable investor interest.
|
|
|
|
March 2006 - Capital Pacific has far more access to qualified investors than the “local broker,”
according to the seller of the 40,000 square foot Computer Sciences Corporation office building in Huntsville, AL. Capital
Pacific’s access to investors resulted in competitive pricing and favorable deal terms. This $3,905,000 deal closed with a
full-price, all cash offer from a CA trade buyer coming out of an apartment building investment.
|
|
|
|
March 2006 -
Capital Pacific was retained by a developer client to raise $2,150,000 in equity capital to build an 11,566 sq. ft. Pan Asian restaurant in Las Vegas, NV and
then sell the completed and occupied property. Capital Pacific raised the equity capital, which funded simultaneously with a construction loan in the spring of
2005. In March, 2006 Capital Pacific closed the sale transaction for $7,920,000 with a California trade buyer. Capital Pacific is known for its retail
investment property sales platform. We also provide equity capital for retail developer, operator and owner clients.
|
|
|
|
|
March 2006 - Capital Pacific will once again be attending the ICSC meeting in Las Vegas this May. We will have our booth located near the main hall, which should make it a quiet and welcome break from the excitement and pace of the main convention floor. We will have refreshements and a place to sit down and catch your breath, as well as areas to meet with clients. This is a busy time on the calendar and we invite you to call and set up an appointment so that we can be sure we are able to meet with you and explore your investment needs.
|
|
|
|
March 2006 - Capital Pacific has again proven its ability to place California capital in other markets
across the country with the sale of Tower Crossings, a new strip center located in a thriving retail corridor of the Denver metro
market. The tenants include Starbucks, Chase Manhattan (ground lease) and Go Brite. The deal was sold to a California trade buyer
coming out of an apartment building investment
|
|
|
|
March 2006 - Capital Pacific is pleased to announce the closing of Scenic Plaza, a $21 million “asset preservation” neighborhood shopping center located in Modesto, CA. Capital Pacific had a buyer exclusive with a new retail buyer coming out of a large trade. The 85,494 square foot center on 16 acres consists of nine buildings. Major tenants include SaveMart Supermarkets, Longs Drugs, Ross, Panda Express, McDonalds, H&R Block, Subway, and Radio Shack.
Capital Pacific has also completed the sales of two excellent restaurant assets, the Panda Plaza del Lago, and the Flat Rock Grille. Our San Francisco team represented a family trust in the sale of Panda Plaza Del Lago, a prime strip center located in Tulare, CA. This investment opportunity was presented to a 1031 trade buyer coming out of an apartment investment.
We also completed the sale of the Flat Rock Grille, a new restaurant concept located in Charlotte, North Carolina. Capital Pacific represented a prominent national development company in the sale, having earned the opportunity to represent this company exclusively.
|
|
|
|
January 2006 - Continuing an extremely busy January, Capital Pacific is pleased to announce no less than four new closings in the Northwest. Capital Pacific lead the sales of the Yakima Retail Center, Dollar Tree Port Angeles, and the Office Depot in Wenatchee all in Washington. While in Oregon, they put together transactions for a Starbucks in Hermiston, and the 19,000 SF Hollywood Plaza in Portland. This type of velocity is unmatched, due in large part to superior resources and the expertise to leverage them.
|
|
|
|
January 2006 - Capital Pacific is pleased to announce the sale of McMinnville Market Center, a 74,313 square foot Albertson’s-anchored retail center located in McMinnville, Oregon. Hired by Regency Centers to sell their leasehold interest in the property, Capital Pacific generated several qualified offers before ultimately closing the sale with a 1031 exchange investor from the Puget Sound area.
|
|
|
|
January 2006 - Just three days into the New Year, Capital Pacific is proud to announce the sale of the Washington Green property in Tigard, Oregon. This transaction was characterized by many moving parts and considerations to be accounted for. Capital Pacific has always taken on the sales that other firms have failed on, and solved the problems to make a transaction work. In this case, the feedback from the seller was, "...you guys changed the rules, and that was key". The target closing date was key for all parties and was met.
|
|
