June 12 , 2007 CALKAIN COMPANIES CLOSES BURGER KING PORTFOLIO WITH GE TRANSACTION CONFIRMS TREMENDOUS DESIRE FOR NET LEASED INVESTMENTS Tampa, FL - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the real estate currently occupied by a Burger King franchisee at three (3) sites in Dothan and Troy, AL. Thomas Geller, Business Development Director - Southeast of Calkain Realty Advisors, represented the seller, CPGG Gold I, LLC in this transaction. The sale price of the three locations, of roughly $4,700,000, is a good indication that even large institutional investors like General Electric, are willing to pay a premium for passive real estate investments. “We are seeing more and more interest in Alabama and the Florida Panhandle area,” Geller stated. “Income properties are hard to find, on a national scale, and savvy investors are looking for more non-traditional locales to place their capital. Alabama and the Southeast US are gaining more attention from both developers and investors,” Geller continued. Calkain is a full service real estate brokerage firm with a national scope focusing on single 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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