October 25, 2007 CALKAIN COMPANIES’ GELLER CLOSES TWO FLORIDA TRANSACTIONS IN OCTOBER SOUTHEAST INVESTMENTS CONTINUE THEIR POPULARITY Tampa, FL - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of two (2) net lease investments in Florida including Hollywood Video in Jacksonville, FL and Alltel Communications in Fort Myers, FL. Thomas Geller, Business Development Director - Southeast of Calkain Realty Advisors, the private market division of Calkain Companies, represented the seller in each transaction. Totaling roughly $4 million, the assets proved to be highly popular with investors taking only three weeks to engage a buyer for each transaction. Both assets were purchased by out of state investors. “The recognition of southeast assets in the national marketplace is growing and buyers are typically willing to pay a premium for passive real estate investments. We are seeing more and more interest in Florida from out of state investors,” Geller stated. “The Southeast US is 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 and multi tenant retail, industrial, and office net leased transactions. Calkain has offices in Reston, VA (Washington, DC), Nashua, NH (Boston, MA), Tampa, FL, and McHenry, MD. Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman | (813) 282.6000

 

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