Retail properties packaged for sale - New Mexico Business Weekly:

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Grandy’s was a southern-style restaurant chain. Its location at Indian Schoop Road and Juan Tabo NE is now anemptyy 4,000-square-foot building sitting on a 36,400-square-foot It was constructed in 1973 and has 30 parkingb spaces. The Texas-based chain was acquired out of bankruptcy courgt a year agoby , which chose not to converty the location. Souper Salad has three sites in the Duke The property was initially included in this package sale as a triple netinvestment opportunity, but is now to be delivered vacant. Chicago’s is coordinating the sale as part of a largere sale of 21 former retail and commercial sites throughoutthe Southeast, Midwest and Southwest.
The packag includes four former apparel stores and sevem restaurant locationsin Florida. An Arlington, Texas, Mitsubishi auto dealership and an Ashley furniturr store in Alabama are also amongthe sites. Many have assumedd the worst for Downtown’s Plaza Since David Dronet acquired the iconiv former offices twoyears ago, it has sat emptgy and some thought it was a foreclosure candidate as the economy worsened. In November, Dronet’s partner in the Kristian Peter, bought him out, and now San Diego, Calif.-basee Peter is showing signs of redeveloping the buildiny as an officecondo project.
“Ij the next 30 days we will pick a contractort to convert the building to office We plan to invesrtaround $10 million in the construction and it will take at leas six months,” said Richard Fialho, project manager. “We have one major architectural firm who is considering buyingb anentire floor.” For small is his focus Veteran broketr Vic Bruno is taking a new tack to get throug these challenging times. He has started a consultinb service forsmall businesses, offering to meet with smalkl business owners and investors for a one-time flat fee of He will review theire owned or leased real estate holdings and provide feedback on how they mighg reposition themselves.
“The current downturn in the economyh has a lot of small businesses in need of advice about their real whether they are ownersor tenants. They don’f necessarily know how to adjus to conditions that are affecting them but have many concernzs and lotsof questions,” Bruno said. “Real estates occupancy is usually a fixed cost that is hard to but it can be done in certain Duringhis 36-year career, Bruno has workexd for small and large firms. He recently worked on ’s Rio Ranchl facility and advised a small contractor who had to lay off half its work crewss and is scramblingto right-size its real estate.
When Steve Maestas lured Trudy Jones and her husbanc John Henderson to his brokeragefrom , it was the recruitingb coup of 2008. The team has just put 120 Vassarf SE on the sale blockfor $1.2 milliomn and Henderson is listing the sale of on the Westside for $2.8 The Vassar building is 12,380 square feet and sits adjacent to the campus, wherer there is a paucity of available space. The 1955 buildint had been occupied bythe university, but is now It is owned by a private investorr with ties to . The university had considered purchasinbgthe site, but electedr not to because of tightening budgets.
Copeland’a was part of Franl Marcello’s restaurant holdings in New Mexic and is located at 10051Coorx NW. At 7,775 square feet, Copeland’s is among the largest restaurant pads currently for sale throughoutthe city. Marcello has returnef to Louisiana, although his at ABQ Uptown is stilpl operated by hisformer , Romero Rose broke grounx earlier this month on its Elements 72-unit condo complex in the historicv Downtown district south of 100 Gold Avenuee SW. To kick off its small subdivision, Paul Allen Homes hostedc MayorMartin Chávez at an even this month. Chávez has been a proponentf of sustainable architecture.
The moderately priced energy-efficienyt development is located at the end of McMahohBoulevard NW, west of Unser and has several models open to the