October 31, 2007 CALKAIN COMPANIES’ CLOSES DOLLAR GENERAL PORTFOLIO 1031 TAX DEFERRED EXCHANGE MARKET REMAINS STRONG Tampa, FL - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of two (2) net lease investments in North Carolina consisting of Dollar General stores located in Hollister and Rich Square, NC. Both sites were purchased by the same investment group. David Sobelman, Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented the seller, a NC based developer, in the transaction. Totaling roughly $1,150,000, the assets were sold as a portfolio to an investment group completing a 1031 tax deferred exchange. “North Carolina investments are sought out by many public and private investors due to the state’s demographic growth,” explained Sobelman. “The influx of interest in the area is palpable,” Sobelman 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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