April 8, 2008 Colonial Bank Locations Sold by Calkain Companies International Investor is first in large portfolio offering Tampa, FL, - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of two (2) Colonial Bank locations; Royal Palm Beach, FL and Huntsville, AL. The portfolio transaction was consummated at a sale price of $3,098,000. The Canadian investor, SSIC, Inc., was attracted to these investments because they felt the Canadian dollar had a higher value in the United States at this cycle of the economy. Thomas Geller, Calkain Companies’ Business Development Director - Southeast, represented the buyer in the transaction. Geller explained, “Of the 26 properties in the Colonial Bank portfolio currently for sale, the buyer felt that the geographic diversification, along with Colonial’s investment grade credit, made this a sound long-term investment.” The transaction closed in April 2008 and is currently recorded in the public record. The seller of these locations is a private real estate investment group from Texas operating under the name CB Vault, LLC. Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi-tenant retail, industrial, hotel and office net leased transactions. Calkain has offices in the Northeast, Mid-Atlantic, and Southeast United States. 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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