Precision Realty Group

Description

Precision Realty Group, LLC 1429 Walnut Street Suite 1200 Philadelphia, PA 19102 T: 215.300.9688 / 215.564.2787 F: 215.564.2789 Through skillful and timely execution, PRG has successfully executed substantial property acquisitions on behalf of national, regional and local developers, homebuilders and investors, including high performance-driven Real Estate Investments Trusts (REITs). PRG Acquires More Than $150,000,000 in Property For Kimco Realty Corporation Kimco Realty Corporation (KRC), a publicly-traded real estate investment trust (REIT), is the nation's largest owner and operator of neighborhood and community shopping centers with interests in more than 1,519 properties comprising 180 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico and Chile. Since incorporation in 1966, the Company has specialized in the acquisition, development and management of well-located shopping centers with superior growth potential. In 2006, KRC began acquiring urban mixed use projects in New York City, their backyard, with the goal of redeveloping well located, architecturally sound buildings that have under utilized street retail presence and Class C or B office above the retail. As retail based company, Kimco employs a conversion effort to condo off all of the buildings assets while retaining the retail condo as part of their ever growing portfolio. The program has returned yields to their investor’s superior to that of the marketplace and created a demand for KRC to take the strategy to many more markets. Precision Realty Group (PRG) has been retained by KRC to acquire properties that meet the above criteria throughout the United States. To date, PRG has represented KRC in the acquisition of over $150,000,000 in three states. Most of the completed transactions have been though “off market” knowledge of owners and the marketplace(s). Below is a list of the properties PRG has represented Kimco in acquiring (click on properties below for photos): Philadelphia 1401 Walnut 1429 Walnut 1628 Walnut 1701 Walnut 1805 Walnut 1831 Walnut 35. N. 3rd Street 120-22 Market Street 242-44 Market Street Boston 113-15 Newbury Street 127-29 Newbury Street 495 Commonwealth Avenue Chicago 168 N. Michigan Avenue 108 W. Germania Place PRG Helps Premier Immediate Medical Care To Expand in the Delaware Valley Precision Realty Group, LLC is proud to represent Premier Immediate Medical Care in helping to develop and expand their organization. Precision has worked closely with the Principals of Premier in order to not only identify sites and negotiate long term tenancy, but also in evaluating purchase opportunities, performing comparative market analyses, as well as long term real estate strategies. Site Selection Criteria: Size: Minimum 5000 SF Term: 10 years, two (5) year options Dimensions: Minimum 50 ft width Visibilty: High (most patients are in need of immediate care so we must be easily seen) Signage: Prefer large backlit building signage, along with representation on pylon TI: Typical build out costs between $40 – $45 PSF We are pleased to announce the following locations in the Delaware Valley: 1139 W. Benjamin Highway

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