April 1 , 2006 CALKAIN COMPANIES BROKERS 600,000 SQUARE FOOT HAVERTYS PORTFOLIO FOR GE REAL ESTATE NEW FIRM SOLIDIFIES ITS POSITION IN MARKETPLACE WITH $51,200,000 TRANSACTION Reston, VA - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a 600,000 square foot portfolio occupied by Havertys Furniture Companies.  The unique transaction, which operates under one master-lease for eleven properties, is housed within six states in the Southeast and Midwest. Calkain Institutional Advisors, the firm’s institutional brokerage division, handled the marketing and sale of the transaction.  Jonathan Hipp, President of Calkain Companies, along with Joel Kahn, Managing Director, represented GE Real Estate in the transaction.  One Liberty Properties (NYSE: OLP), a New York-based real estate investment trust purchased the asset. “We were completely honored to have been chosen over some of the industries largest brokerage houses for this high profile opportunity. We are very thankful to GE Real Estate for putting their confidence in our firm and allowing us to prove that we are true leaders in the net lease industry,” Hipp explained. “The complex transaction demanded a multifaceted approach that we were able to evaluate and ultimately simplify for the buyer,” Kahn continued.  “We feel that both the buyer and seller prevailed.” 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: Jonathan Hipp, President | (703) 787-4714

 

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