Precision Realty Group LLC  
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Precision Realty Group, LLC
   1701 Walnut Street, 7th Floor
   Philadelphia, PA 19103
   T: 215.300.9688 / 215.564.2787
   F: 215.564.2789

Through skillful and timely execution, PRG has successfully executed substantial property acquisitions on
behalf of national, regional and local developers, homebuilders and investors, including high performance-driven Real Estate Investments Trusts (REITs).

PRG Acquires More Than $150,000,000 in Property For Kimco Realty Corporation

Kimco Realty Corporation (KRC), a publicly-traded real estate investment trust (REIT), is the nation's largest owner and operator of neighborhood and community shopping centers with interests in more than 1,519 properties comprising 180 million square feet of leasable space across 45 states, Puerto Rico, Canada, Mexico and Chile. Since incorporation in 1966, the Company has specialized in the acquisition, development and management of well-located shopping centers with superior growth potential.

In 2006, KRC began acquiring urban mixed use projects in New York City, their backyard, with the goal of redeveloping well located, architecturally sound buildings that have under utilized street retail presence and Class C or B office above the retail. As retail based company, Kimco employs a conversion effort to condo off all of the buildings assets while retaining the retail condo as part of their ever growing portfolio. The program has returned yields to their investor’s superior to that of the marketplace and created a demand for KRC to take the strategy to many more markets.

Precision Realty Group (PRG) has been retained by KRC to acquire properties that meet the above criteria throughout the United States. To date, PRG has represented KRC in the acquisition of over $150,000,000 in three states. Most of the completed transactions have been though “off market” knowledge of owners and the marketplace(s).

Below is a list of the properties PRG has represented Kimco in acquiring (click on properties below for photos):

Philadelphia
1401 Walnut
1429 Walnut
1628 Walnut
1701 Walnut
1805 Walnut
1831 Walnut
35. N. 3rd Street
120-22 Market Street
242-44 Market Street

Boston
113-15 Newbury Street
127-29 Newbury Street
495 Commonwealth Avenue

Chicago
168 N. Michigan Avenue
108 W. Germania Place

 

PRG Helps Premier Immediate Medical Care To Expand in the Delaware Valley

Precision Realty Group, LLC is proud to represent Premier Immediate Medical Care in helping to develop and expand their organization. Precision has worked closely with the Principals of Premier in order to not only identify sites and negotiate long term tenancy, but also in evaluating purchase opportunities, performing comparative market analyses, as well as long term real estate strategies.

Site Selection Criteria:

Size: Minimum 5000 SF
Term: 10 years, two (5) year options
Dimensions: Minimum 50 ft width
Visibilty: High (most patients are in need of immediate care so we must be easily seen)
Signage: Prefer large backlit building signage, along with representation on pylon
TI: Typical build out costs between $40 – $45 PSF

We are pleased to announce the following locations in the Delaware Valley:

  • Douglassville, Pa. 1139 W. Benjamin Highway 5000 SF end cap location in the newly developed Benjamin Franklin Court
  • Oaks, Pa. 450 Cresson Blvd 11,000 SF of ground floor space within a medical office building in the highly visible Oaks Corporate Center.
  • Exton, Pa. Lionville Centre, 260 Eagleview Boulevard 11,000 SF end cap space in a Genaurdi’s anchored shopping center
  • Hellertown, Pa. The Shoppes at Hellertown. 25 Main Street 6,000 SF of space in neighborhood shopping center

Premier Immediate Medical Management, through its Premier Immediate Medical Care facilities, is a health care management and provider organization dedicated to the concept of urgent/episodic health care. Premier offers quick, predictable, competent care provided everyday without an appointment, 365 days a year with walk-in convenience at the highest level of patient/consumer expectations. Premier is providing quality medical care without the wait.

 

 
 
 
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