YALE REALTY SERVICES CORP.      10 NEW KING STREET, SUITE 102, WHITE PLAINS, NY 10604       T: 914.289.0100       F: 914.289.0101

Yale Realty Services Corp - Recent Transactions

Huntsville Plaza

5900 University Drive

Huntsville, Madison County, Alabama 35806.

 

Overview

Acquired: April 2013

GLA: 82,215 SF

Year Built: 1997 / 2010 & 2011

Traffic Count: 

60,000 vehicles travel past the Property each

day on University Drive (U.S. 72).

 

Highlights

Huntsville Plaza is a 93% leased 82,174 square foot shopping center anchored by Earth Fare Supermarket, Guitar Center, Chipotle and Jo-Ann Stores in Huntsville, AL.  The property is situated at the intersection of University Drive/US-72 and Research Park Boulevard/AL-255, approximately five miles west of Huntsville’s city center.

 

Acquisition

An affiliate of Yale Realty acquired Huntsville Plaza in April 2013 for a total cost of approximately $11.1M, with $8.1M in debt provided by Barclays Bank PLC and approximately $3.0M in equity. 

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

North Road Plaza

2795 North Road

Orangeburg, SC 32210

 

Overview

Acquired: April 2015

GLA: 50,760 SF

Year Built: 1998

Traffic Count: 

27,800 vehicles travel past the Property each

day on North Road (U.S. Highway 178).

 

Highlights

North Road Plaza is a 93% leased 50,760 square foot shopping center shadow-anchored by a 197,000 square foot Walmart Supercenter in Orangeburg, SC. The property is situated on the east side of US Route 178 (North Road), approximately three miles northwest of Orangeburg’s city center. Major tenants include TJ Maxx, CATO, Shoe Show, Sally Beauty, Subway, Game Stop and Rent-A-Center.  

 

Acquisition

An affiliate of Yale Realty acquired North Road Plaza in April 2015 for a total cost of approximately $6.3M, with approximately $4.45M in debt provided by RAIT Financial Trust. and approximately $1.85M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

Waynesville Commons

265 Town Center Loop

Waynesville, NC 28786

 

Overview

Acquired: November 2015

GLA: 126,901 SF

Year Built: 2012

Traffic Count:  

27,500 vehicles travel past the Property each

day on U.S. Highway 74

 

Highlights

Waynesville Commons is a 100% leased 126,901 square foot shopping center shadow-anchored by a 188,000 square foot Walmart Supercenter in Waynesville, NC. The property is located along the north side of Hyatt Creek Road and west side of South Main Street. Both streets are primary local thoroughfares in the neighborhood, and Hyatt Creek Road provides access to Highway 74 (via exit 98), which is located less than 1/10th of a mile from the main entrance. Major tenants include Belk, Michaels, PetSmart, Rack Room Shoes, US Cellular and SuperClips

 

Acquisition

An affiliate of Yale Realty acquired Waynesville Commons in November 2015 for a total cost of approximately $15M, with approximately $10.9M in debt provided by Barclays Bank and approximately $4.1M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

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YALE

SMALL TITLE

Hampton Plaza

2864 Wilma Rudolph Blvd

Clarksville, TN 37040

 

Overview

Acquired: November 2017

GLA: 124,260 SF

Year Built: 1986 / 2006 / 2016

Traffic Count:  

34,982 vehicles travel past the Property each

day on Wilma Rudolph Blvd

 

Highlights

The Property is a part of Hampton Plaza, a multi-anchor shopping center located in Clarksville, TN. It is anchored by Michael’s, Books-A-Million, Party City, Ulta Beauty and Kirkland’s, and is “shadow anchored” by Kohl's. Clarksville, the county seat of Montgomery County, is located 45 minutes northwest of downtown Nashville (via I-24) and has the fifth largest population in the state of Tennessee. Hampton Plaza is located on the north side of Wilma Rudolph Blvd less than 1/2 mile south of the I-24 (47,100 VPD) intersection. With a traffic count of 34,982 VPD, Wilma Rudolph Blvd is one of the busiest exits along I-24. Within a 3-mile radius, the population has grown from 12,866 people in 2000 to a current population of 30,670 in 2017. The 5-mile radius population has grown from 31,069 people in 2000 to its current population of 65,425 in 2017. The average household income for a 3 and 5-mile radius is $66,598 and $68,366 respectively.

 

Acquisition

An affiliate of Yale Realty acquired Hampton Plaza in November 2017 for a total cost of approximately $18.1M, with approximately $13.1M in debt provided by Barclays Bank and approximately $5M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

Sycamore Terrace

2141-2199 S. State Road 46

Terre Haute, IN 47803

 

Overview

Acquired: May 2017

GLA: 47,663

Year Built: 2006

Traffic Count:  

32,500 vehicles travel past the Property each

day on U.S. Highway 70

 

Highlights

Sycamore Terrace is a 47,663 square-foot shopping center, constructed in 2006, that is shadow anchored by a Super Walmart. The property is anchored by Dollar Tree and features an attractive mix of nationally recognized tenants representing 78% of the center. Other notable tenants include Maurices, Rent A Center, GameStop, GNC, Pet Supplies Plus, Fantastic Sam's, Athletico and Monical's Pizza. 

 

Acquisition

An affiliate of Yale Realty acquired Sycamore in May 2017 for a total cost of approximately $7.4M, with approximately $5.3M in debt provided by Barclays Bank and approximately $2.1M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com