REAL ESTATE

Crossman & Co. broker closes on 19 lease transactions

BY CSA STAFF

Orlando, Fla. Crossman & Co. said Wednesday that Courtney Kowalchuk, senior leasing associate, closed on 19 lease transactions that total 53,996 sq. ft. of retail, office and warehouse space in Orlando, Winter Park, Deltona, Tampa, Fla.

The transactions included a five-year lease agreement for 3,920 sq. ft. of retail space with Stefanos Italian Grille at Summerport Village in Windermere, Fla., as well as a five-year renewal agreement with The Pool Pleaser III for 1,400 sq. ft. at Cornerstone at Lake Hart in southeast Orlando.

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REAL ESTATE

Wal-Mart debuts in-store clinics in Maine

BY CSA STAFF

Bangor, Maine Wal-Mart Stores said Monday that it opened its first in-store health clinic in the state of Maine on Monday, at the recently opened Stillwater Avenue Supercenter in Bangor.

Additional clinics will open in coming months at stores in Brewer, Palmyra and Presque Isle.

Although Wal-Mart has in-store clinics in many other states, the four northern Maine clinics announced Monday are the first in Maine.

In Bangor and Brewer, the 680-sq.-ft. clinics will be run by Eastern Maine Medical Center through its Norumbega medical practice affiliate. In Palmyra and Presque Isle, they will be operated by Brewer-based Eastern Maine Healthcare Systems, through local affiliates Sebasticook Valley Hospital and The Aroostook Medical Center, respectively.

Acute-care services available at Wal-Mart clinics are limited to the treatment of relatively simple problems such as colds, earaches, sore throats, and minor burns and injuries.

At Supercenters in Brewer and Palmyra, clinics are on schedule to open in January. The Presque Isle Wal-Mart clinic is expected to open in December.

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REAL ESTATE

Readers Speak Out: When do you envision stabilization and what is your outlook on the future of malls?

BY CSA STAFF

The Oct. 22 edition of SiteTalk invited readers to comment on when to expect stabilization of mall vacancy rates. Here is what one of our readers had to say.

“The severity of this recession won’t be seen until year end sales are reported by America’s major chain stores, which of course will happen right after Christmas. I expect that within the next nine months this ‘recession’ will be called a ‘depression,’ but to know this you have to understand the extent of fear that prevails in the average shopper’s mind, and that fear isn’t going away, or even subsiding.

Icould go on and explain, but the rate of vacancy across the nation will continue to grow, and I believe at an even accelerated pace after year end sales are reported.

Our nation has had a good time for way too long, and now it’s payback time.”

— Stanley Schuckman Schuckman Realty  

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