CALKAIN REALTY ADVISORS

a division of Calkain Companies 11150 Sunset Hills Road, Suite 300 Reston, VA 20190 T (703) 787-4714 F (703) 787-4783

For Immediate Release Contact: David Sobelman 813.282.6000 dsobelman@calkain.com

Calkain Companies Brokers NNN $1.85MM Investment Sale of KFC Ground Lease in Glen Allen, VA
Reston, VA, November 21, 2011 Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of an investment property ground leased to KFC on a long-term, NNN basis. The purchaser was a private investor in a 1031 tax deferred exchange that was seeking a passive, incoming-producing asset leased to a national tenant. The property is located at the Home Depot and Best Buy anchored center in the thriving Glen Allen community of Richmond, Virginia. Calkains Rick Fernandez, Managing Director, exclusively represented the seller. David Sobelman, Executive Vice President, exclusively represented the buyer who has been a client for almost ten years. Sobelman stated, The buyer wanted a solid NNN investment property with no management responsibilities and this property just happened to be a Calkain listing. Fernandez explained, The location, tenant and lease terms for this KFC offered the type of stable asset that investors are focused on purchasing in the current environment my client targeted. The transaction closed within the last thirty days and is recorded in the public record. Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net-leased transactions as well as asset management, tax planning, and advisory services. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA. Additional information about the firm and its listings may be found at www.calkain.com.

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