Broad Reach Retail Partners News

Broad Reach Purchases Market Center in Roswell, GA

Thu, 20 Dec 2007 15:24:57 -0500

Broad Reach Retail Partners is pleased to announce the acquisition of Market Center in Roswell, Georgia. The shopping center is anchored by Office Depot and shadow-anchored by Home Depot. Market Center features a strong lineup of national and local shop tenants including Subway, Abbadabba's, Cycleworks, MetroBrokers, and more. Market Center is located in the affluent metro Atlanta suburb of Roswell GA on Holcomb Bridge Road.

"Market Center is our first acquisition in the metro Atlanta area and represents a tremendous combination of solid real estate fundamentals and upside potential."

Market Center totals 82,225 square feet and is 80% leased. The vacant 16,000 square feet consists of suites ranging from 1,400 up to 8,000 square feet. For leasing information, please call Charles Ilardo, Leasing Associate at 443.468.3492 or email to cjilardo@broadreachretail.com

Broad Reach Purchases Beech Grove Plaza

Wed, 20 Jun 2007 11:31:49 -0500

Broad Reach Retail Partners is pleased to announce the acquisition of Beech Grove Plaza in Indianapolis, Indiana. The shopping center is shadow-anchored by Kroger and features Dollar Tree, Sears Appliance & Hardware, Fashion Bug, and a strong lineup of national and local shop tenants. Beech Grove Plaza is well located in southeastern Indianapolis just off the intersection of South Emerson Avenue and East Thompson Road.

"Beech Grove is a great addition to the Broad Reach portfolio. The center is in excellent condition and provides a solid going-in return with upside potential from vacant lease up and the unrealized value of a vacant 0.65 acre outparcel."

Beech Grove Plaza totals 66,889 square feet and is 85% occupied. The vacant 10,200 square feet is in shell condition and can be configured to meet the needs of numerous retail categories not yet present in the center. For leasing information, please call David Donato, Director of Leasing at 410.988.2335 or email to ddonato@broadreachretail.com

Broad Reach Retail Partners Adds Key Team Members

Thu, 01 Mar 2007 19:42:37 -0500

Broad Reach Retail Partners, LLC is pleased to welcome David Donato and Nicole Ruocco to our team.

David Donato will be joining the company as Director of Leasing. Mr. Donato will be responsible for the marketing and leasing of the existing portfolio, and will assist the principals in analyzing potential acquisitions. Prior to joining Broad Reach, Mr. Donato was the Leasing Manager for the Southeast Region at Centro Watt, where he was accountable for leasing a multi-state retail portfolio in excess of three million square feet. He began his leasing career at Continental Realty Corporation, a shopping center management and development company based in Baltimore, Maryland. David is a member of the International Council of Shopping Centers and a board member of the Dartmouth Club of Maryland.

David Donato
Director of Leasing
Broad Reach Retail Partners, LLC
2835 O'Donnell Street, Suite 200
Baltimore, MD 21224
ddonato@broadreachretail.com
410.988.2335 Phone
410.878.2871 Fax

Nicole Ruocco joins Broad Reach Retail Partners as Controller. Ms. Ruocco will be responsible for overseeing the administrative, human resources, and accounting functions of Broad Reach Retail Partners. Nicole has over 20 years of accounting experience in real estate, including retail, office, multi-family, and retirement communities. She is a member of the AICPA and is preparing to become a certified fraud examiner. Ms. Ruocco holds a Bachelor of Arts degree in Pre Law from the University of Baltimore and is a licensed CPA

Nicole Ruocco, CPA
Controller
Broad Reach Retail Partners, LLC
2385 O'Donnell Street, Suite 200
Baltimore, MD 21224
410.800.4223 Phone
410.878.2871 Fax
410.207.5221 Cell
nruocco@broadreachretail.com.

Broad Reach Retail Partners Seeks Senior Leasing Agent

Mon, 23 Oct 2006 21:46:15 -0500

Broad Reach Retail Partners, LLC is currently seeking a Senior Leasing Agent to lease space in our shopping center portfolio. This position is for an energetic, motivated, self-starter with three to five years of retail leasing experience.

Responsibilities:

Develop relationships with national, regional, and local tenants

Prospect markets where centers are owned for viable tenants

Underwrite tenants

Negotiate leasing terms and conditions

Present deal to Principals

Oversee tenant installation process

Skill Set:

Proven selling skills

Effective negotiator

Self-motivated

Good decision making skills

Strong written and verbal communication skills

Capable in spreadsheet and word processing software

Willingness to travel

Benefits:

Base Salary plus production-oriented bonus

Health Insurance Coverage

401K program available

Broad Reach Retail Partners, LLC is a young entrepreneurial company that offers an upbeat, energetic atmosphere. For additional information please fax resume to 410-878-2871 or email to info@broadreachretail.com

Tower Realty Investments Purchases Badger Plaza

Thu, 05 Oct 2006 12:49:07 -0500

Baltimore-based Tower Realty Investments ("TRI") recently completed the acquisition of Badger Plaza, a 157,150 square foot grocery anchored center in Racine, WI. The center is anchored by Piggly Wiggly, Big Lots, and Blockbuster. TRI plans to capitalize on the outstanding long-term location and service-oriented tenant mix to implement a comprehensive business plan designed to maximize the value of the center through selective re-tenanting, operational cost engineering, and property management focus.

"Badger Plaza is an excellent example of what we want to buy. The center is well located, has a strong performing grocery anchor with good lease term remaining, and the upside potential of vacant space in a solid market”- Nate Tower.

Badger Plaza is ideally situated at the corner of Durand Avenue and Kentucky Street in Racine, Wisconsin. Within a three-mile radius of the center, there are 71,068 residents earning an average household income of $57,400. Badger Plaza is perfectly positioned to provide convenient grocery and specialty retail options to these population densities.

Coastal Capital Partners and Tower Realty Investments Merge To Form Broad Reach Retail Partners

Sun, 01 Oct 2006 22:00:08 -0500

Coastal Capital Partners, LLC and Tower Realty Investments, LLC have merged to form Broad Reach Retail Partners, LLC. The new company will have offices in Atlanta, Baltimore, and Virginia Beach and will draw upon the combined experience of Nate Tower and Charles Moore, who will be responsible for all future acquisition efforts with an emphasis on value-added shopping centers in the Midwest, Northeast, Mid-Atlantic and Southeast.

Coastal Capital Partners, LLC was formed in 2002 and has purchased over $90 million in retail centers in the past five years. Baltimore-based TRI was formed by Nate Tower to purchase value-added shopping centers in the Eastern United States. TRI recently completed the acquisition of Badger Plaza, a 157,150 square foot grocery anchored center in Racine, WI.

Coastal Capital Signs New Leases at The Oxford Market Place

Mon, 31 Jul 2006 10:52:56 -0500

Coastal Capital Partners is pleased to announce the addition of six new tenants to The Oxford Market Place in Oxford, MS. New retailers include:

Provisions - a specialty grocer providing gourmet foods and meals to go

Maharaja Fine Indian Cuisine - traditional Indian cuisine in an upscale dining experience

West Jackson Wine & Spirits - featuring fine wines & liquors

Purpose Financial - providing consumer loans and financial products

Quality Flooring - upscale carpet, tile & flooring

Sleep Unlimited - specializing in sleep disorder diagnostics and treatment

With the addition of these tenants, Oxford is now 94% leased, with leases for two of the three remaining vacancies pending.

Coastal Capital Partners Announces New Acquisition Criteria

Mon, 22 May 2006 14:18:35 -0500

Coastal Capital Partners, LLC has changed their acquisition criteria. In past years the company has purchased primarily newer, stabilized shopping centers that provide for immediate and stable investment returns. However, Charles Moore states "At current pricing levels, we've found it much more difficult to find product that makes sense in terms of investment fundamentals. Now that interest rates are up, it's even harder to maintain our yield requirements. Our new program will focus on future potential rather than Day One return."

Coastal Capital Partners is now seeking properties in primary and secondary markets in the Southeast with positive growth fundamentals including Alabama, northern and central Florida, Georgia, North Carolina, and South Carolina. Examples would include, but are not limited to:

• Grocery anchored centers where the Grocer is dark, vacant, or leaving due to company consolidation, bankruptcy, or corporate strategy

• Well located strip centers with below market or flat rental structures

• Properties with excess land that have development potential

To contact Coastal Capital Partners with questions or property submittals, please email info@coastalcapitalpartners.com

Coastal Capital Partners Hires Trammell Crow’s East Coast Retail Investment Team to Market Ten Centers

Mon, 03 Apr 2006 12:00:00 -0500

Trammell Crow Company has been hired to sell ten shopping centers including five grocery-anchored centers and five strip centers shadow-anchored by Wal-Mart Supercenter. “We believe these centers will be well received in today’s market” commented Kevin DiBona. “The majority of the centers are new assets with strong tenancy and potential for growth over the near term”. The centers are being offered individually, in groups, or as a portfolio. Qualified investors may preview the offering at:

http://www.peracon.com/Partner/147/SRPOR/teaser.html

Although the Company will continue to buy shopping centers, Charles Moore stated that “Going forward, Coastal Capital Partners will primarily pursue retail development and re-development opportunities directly and through joint venture relationships”.

To submit opportunities for consideration please see the “Contact” page of this web site.

Coastal Capital Management Welcomes Karen Rosenbaum

Wed, 01 Feb 2006 13:23:36 -0500

Coastal Capital Management, LLC is pleased to announce the addition of Karen Rosenbaum to our management team as Property Accountant. Karen will be based in our Virginia Beach office and will provide property accounting services for the Coastal Capital Partners' portfolio of twelve shopping centers in five states.

For the past six years, Karen was a Client Service Specialist with Norfolk-based Goodman & Company specializing in tax accounting.

Karen can be reached at 757.496.9700 Extension 302 or by email to: krosenbaum@coastalcapitalpartners.com

Coastal Capital Partners Purchases The Oxford Market Place

Tue, 31 Jan 2006 09:52:11 -0500

Coastal Capital Partners is pleased to announce the acquisition of The Oxford Market Place shopping center on January 31st, 2006. The newly constructed 90,328 square foot Center is located in Oxford, Mississippi, home to the University of Mississippi ("Ole Miss") - one of the country's oldest state universities with a full time enrollment of nearly fourteen thousand students. Oxford was recently named as No. 3 on a list of the "Top 5 Up and Coming Areas for 2006".

The Oxford Market Place is adjacent to Wal-Mart Supercenter and features national retailers including Goody's, Dollar Tree, Cato, Shoe Dept, and Radio Shack among others.

Atlanta Office Reopening, Welcome Karen Donald!

Thu, 08 Dec 2005 13:48:05 -0500

COASTAL CAPITAL PARTNERS, LLC is pleased to announce the re-opening of our Atlanta office by Charles Moore and the addition of Karen Donald to our management company, Coastal Capital Management, LLC

Please note our new contact information below:

ATLANTA
Charles W. Moore
Managing Member
cmoore@coastalcapitalpartners.com

Coastal Capital Partners, LLC
3585 Newport Bay Drive
Alpharetta, GA 30005
770.442.1355 (P)
678.669.1599 (F)
678.656.9346 (Cell)

VIRGINIA BEACH
Kevin A. DiBona
Managing Member
kdibona@coastalcapitalpartners.com

Karen R. Donald
Property Manager
kdonald@coastalcapitalpartners.com

Coastal Capital Partners, LLC
Long Bay Pointe Marina
2109 W. Great Neck Rd., Suite 107
Virginia Beach, VA 23451
757.496.9700 (P)
757.496.9703 (F)