CB Richard Ellis, Inc. is selling Lakeridge Village, a 90,316 sq.ft. center located at the intersection of Kingsley and Audelia Roads in Dallas, TX for $5.9 million. The center is 87% occupied and has redevelopment opportunities with the possible addition of a drug store. Area demographics include a population within one mile earning $98,438 as the average household income. The center is situated on a land area of 7.962 acres.

For more information, contact Jerry Luterman, CB Richard Ellis, Inc., 5430 LBJ Freeway, Suite 1100, Dallas, TX 75240; 972-458-4800, Fax 972-702-8315; Web site: www.cbrichardellis.com.

Staubach Retail Services is selling a 10,125 sq.ft. CVS drugstore located at the intersection of Central Avenue and Railroad Street in Mechanicsville, NY. The Cap rate is 8.25% with an NN lease.

For more information, contact David Wojciechowski, Staubach Retail Services, 12 East 49th Street, 31st Floor, New York, NY 10017; 212-418-2600.

Grubb & Ellis is selling Darboy Plaza, a 25,713 sq.ft. center located near Appleton, WI for $2.35 million with a Cap rate of 10.35%. The center is 86% leased.

For more information, contact Ted Thomsen, Grubb & Ellis, 14 Tri Park Way, Suite 2, Appleton, WI 54914; 920-738-4331, Fax 920-968-4300; Email: tthomsen@pfefferle.biz.

Sperry Van Ness/Sentinel Realty is selling an Osco drugstore in Chicago, IL for $5.8 million with a Cap rate of 7%. The lease term has 19 years remaining with 8% bumps in years six, 11 and 16. Financing is available with 25% down. The company also is selling a Staples Superstore in Beaver Dam, WI for $2.675 million. The lease has 11 years remaining with 8.6% cash return at the asking price. The company also is selling an OfficeMax in Vincennes, IN for $2.4 million. The site can be purchased for all cash and has 11 years remaining on the lease. The company also is selling a Walgreens in Marshfield, WI for $2.1 million. The company requires cash of $800,000. The lease has 11 years remaining.

For more information, contact Tom Vincent, Sperry Van Ness/Sentinel Realty, 1803 Hicks Road, Suite D, Rolling Meadows, IL 60008; 847-963-1031, Fax 847-358-7634; Email: vincent@svn.com.

Colliers International is selling a pad site located at the intersection of Highway 6 and U.S. 59 in Sugar Land, TX for $2.185 million with a Cap rate of 9%. The pad is in a mixed-use development called First Crossing, which is anchored by Wal*Mart Supercenter and a Sam’s Club. The center is tenanted by Willie’s Ice House & Grill.

For more information, contact David M. Butler, Colliers International, 1300 Post Oak Boulevard, Suite 225, Houston, TX 77056; 713-830-2105, Fax 713-986-4405.

Urstadt Biddle Properties, Inc. acquired the Westchester Pavilion shopping center in White Plains, NY and the Orange Meadows shopping center in Orange, CT for an all-cash purchase price of $51 million. The Westchester Pavilion is 185,000 sq.ft. and is 99% leased. It was acquired from the State of Wisconsin Retirement Fund. Tenants include Toys "R" Us, The Sports Authority, OfficeMax, Borders Books, Outback Steakhouse and McDonald’s. Orange Meadows is 78,186 sq.ft., 85% leased and is situated on a land area of seven acres. Tenants include Talbot’s, Seamans Furniture, Thomasville Furniture and Trader Joe’s.

For more information, contact James R. Moore, Urstadt Biddle Properties, 321 Railroad Avenue, Greenwich, CT 06830; 203-863-8200.

The Hutensky Group is seeking to acquire underperforming neighborhood, community and regional shopping centers, as well as small to medium-sized enclosed malls. The centers must be 100,000 sq.ft. and above, including expansion opportunities. The targeted purchase price is $5 million in major market and secondary market locations. Multi-tenanted properties must have a national/regional discounter, a supermarket anchor or big box. The company will purchase on an all-cash basis, but may be willing to assume debt. The average closing time is 30 to 45 days.

For more information, contact William J. Wienke, The Hutensky Group, 280 Trumbull Street, 2nd Floor, Hartford, CT 06103; 860-297-4561, Fax 860-706-0076; Web site: www.hutenskygroup.com.

The Rappaport Cos. and Silver Cos. acquired 678,000 sq.ft. of retail and office space within the two million sq.ft. Central Park development located at the intersection of Interstate 95 and Route 3 in Fredericksburg, VA. Central Park is tenanted by Wal*Mart Supercenter, Lowe’s Home Improvement, Target, Kohl’s and more than 200 other retailers.

For more information, contact Sheryl Simeck, The Rappaport Cos., 8405 Greensboro Drive, Suite 830, McLean, VA 22102-5118; 571-382-1200, Fax 571-382-1210; Email: info@rappaportco.com; Web site: www.rappaportco.com.

Corridor RF&S Real Estate, LLC is representing a 1031 Exchange client in his efforts to acquire property. The client has approximately $10 million in equity money to spend and will leverage this equity up to a maximum of $20 million for Class A or B office, industrial, retail or multi-family properties throughout FL, MD, TN, VA and Washington, DC. The company will consider Cap rates of 7.5% and above.

For more information, contact C. James Silfee, Corridor RF&S Real Estate, LLC, Two Hopkins Plaza, Suite 2100, Baltimore, MD 21201-2911; 410-625-1500 Ext. 6104, Fax 410-625-1562; Email: jsilfee@corridorrfs.com.

Trammell Crow Co. brokered the sale of Springfield Park Shopping Center located at 665 Duluth Highway in Lawrenceville, GA for Retail Planning Corp., Inc. to Inland Real Estate Acquisitions for $10.875 million. The 105,321 sq.ft. center is fully leased with anchors Hobby Lobby, Hancock Fabrics, L.A. Fitness, Franklin’s Printing, Kentucky Fried Chicken and Taco Bell.

For more information, contact Whitney Knoll, Trammell Crow Co., Five Concourse Parkway, Suite 1600, Atlanta, GA 30328; 770-290-0750, Fax 770-698-2222.

Atlanta Realty Advisors is selling a 10,000 sq.ft. freestanding building for $1.05 million with a Cap rate of 12%. The site is located at 899 Crestmark Drive in Lithia Springs, GA. The NNN lease is for five years with 3% annual increases and no options.

For more information, contact Top Kervin, Atlanta Realty Advisors, PO Box 11575, Atlanta, GA 30355; 770-452-1838, Fax 770-452-0953.

Seneca Properties acquired The Manassas Corner Shopping Center located at the intersection of Route 234/Mathis Avenue and Routes 234/28 in Manassas, VA. The 33,938 sq.ft. center is tenanted by Hollywood Video, Willeys Furniture, My Bakery & Cyber Cafe and Electonics Plus. Area retailers include Food Lion, CVS and Rite Aid. The company acquires existing strip centers and develops retail sites throughout the Mid-Atlantic.

For more information, contact Marc Geoffrey, Seneca Properties, 7201 Wisconsin Avenue, Suite 775, Bethesda, MD 20814; 301-941-8000, Fax 301-941-8180.

The Macerich Co. sold a former Montgomery Wards site in Ventura, CA for $15.4 million and a 67% partnership interest in Paradise Village Gateway, 296,000 sq.ft. urban village anchored by Albertsons in Phoenix, AZ. In January, Developers Diversified Realty acquired the partnership interest for approximately $29.4 million.

For more information, contact The Macerich Co., 401 Wilshire Boulevard, Suite 700, Santa Monica, CA 90401; 310-394-6000, Fax 310-395-2791.

NNN 1031.com is selling a 15,450 sq.ft. La-Z-Boy in Langhorne, PA for $4,591,413 with a Cap rate of 8%. The NNN lease includes three, five-year options.

For more information, contact Jay Bastian, NNN 1031.com, 450 South Orange, Avenue, Suite 900, Orlando, FL 32801; 407-650-1144, Fax 407-650-1046.