February 22 , 2006 CALKAIN REALTY ADVISORS PROCURES NEWPORT NEWS TRANSACTION TRANSACTION CONFIRMS TREMENDOUS DESIRE FOR AREA INVESTMENT Reston, VA - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the Shoppes of Kiln Creek currently occupied by Starbucks, Sprint, Ritz Camera, and Wilson Bikes at 120 Ottis Street, Newport News, VA. David Sobelman, Vice President of Calkain Realty Advisors, represented the seller in this transaction.  “We are seeing more and more interest, both from out-of-state and in-state investors, in the southern Virginia areas,” Sobelman stated.  “Income properties are hard to find, on a national scale, and savvy investors are looking for alternative locales to place their capital.  The Hampton Roads and Tidewater regions are gaining more attention from both developers and investors,” Sobelman continued. Calkain is a full service brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions.  Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman, Vice President | (813) 282.6000

 

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