{"id":1004045556,"date":"2012-08-10T06:26:29","date_gmt":"2012-08-10T14:26:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004044212"},"modified":"2022-12-08T22:16:24","modified_gmt":"2022-12-09T06:16:24","slug":"calkain-cos-opens-st-louis-office-to-capture-midwest-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\/","title":{"rendered":"Calkain Cos. Opens St. Louis Office to Capture Midwest Market"},"content":{"rendered":"<p>By Gail Kalinoski, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/midwest\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\/1004044212.html\/attachment\/teal-hendserson-crpd3sized\" rel=\"attachment wp-att-1004044239\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004044239\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpe_0612_feature_cover-150x150\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/CPE_0612_feature_cover-150x150.jpg\" data-orig-size=\"150,150\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE_0612_feature_cover-150&#215;150\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/CPE_0612_feature_cover-150x150.jpg?w=150\" class=\"alignleft  wp-image-1004044239\" title=\"Teal-Hendserson crpd3sized\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Teal-Hendserson-crpd3sized1.jpg\" alt=\"\" width=\"162\" height=\"186\" \/><\/a>Saying the net lease brokerage market in the Midwest has been underserved, Calkain Cos. has established an office in St. Louis to handle deals in the region.<\/p>\n<p>Teal Henderson, a broker with Reston, Va.-based Calkain for nearly three years in its Tampa office, was selected to run the St. Louis location.<\/p>\n<p>\u201cWe felt she was a prime candidate to go there,\u201d executive vice president David Sobelman told <em>Commercial Property Executive.<\/em> \u201cShe has some connections there, some family there and had already been doing some business there. So it was a nice fit.\u201d<\/p>\n<p>\u201cTeal has been an integral part of Calkain\u2019s growth and expansion; we\u2019re very happy that she agreed to open our office in the Midwest,\u201d added Jonathan Hipp, president &amp; CEO.<\/p>\n<p>\u201cThe Midwest market has been largely ignored by the triple-net lease investor pool, mainly due to lack of professionals focused on the area,\u201d Henderson said. \u201cAs the macroeconomic outlook is improving in primary markets and with the inventory of prime assets still low, the Midwest is now seeing an uptick in investment-grade credit tenants seeking new markets that have the demographics to support the expansion.\u201d<\/p>\n<p>Sobelman said he expected much of the firm\u2019s Midwest business to involve banks, restaurants and drug stores.<\/p>\n<p>\u201cMainly because the population there wants those types of assets,\u201d he said, adding that tenants are looking for expansion or to open new sites.<\/p>\n<p>\u201cWe\u2019re seeing more growth in those markets, and we\u2019re seeing more and more tenants comfortable with building a brand-new building for themselves,\u201d Sobelman added.<\/p>\n<p>Calkain&#8211;which also has offices in Fort Lauderdale, Fla.; Bethesda, Md.; and Burlington, Mass.&#8211;specializes in assisting buyers and sellers with single- and multi-tenant retail, industrial, hotel and office net lease transactions.<\/p>\n<p>\u201cWe feel the net lease properties, as a whole, are one of the most stable assets you can purchase in real estate,\u201d Sobelman concluded. \u201cThey are providing a very stable return and most of the time above-market yield.\u201d<\/p>\n<p>Calkain is currently marketing two net-lease portfolios that have Midwest locations. Nineteen Circle K gas station\/convenience stores with sites in Indiana, Ohio, Illinois and Iowa are being sold by the Canadian-based parent company, Alimentation Couche-Tard. Sobelman said Patrick Nutt is the lead broker on that listing, but Henderson\u2019s presence in the Midwest market has helped with the marketing. Calkain is also the exclusive broker for a 10-property portfolio of corporate-based Fred\u2019s Stores, a discount retailer with more than 700 locations. Illinois is one of the locations for the stores in the portfolio, along with Kentucky, Arkansas and Mississippi.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.<\/p>\n","protected":false},"author":1068,"featured_media":1004045562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21751,21748,13,21742,21749],"tags":[],"class_list":["post-1004045556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotel","category-industrial","category-midwest","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Calkain Cos. Opens St. Louis Office to Capture Midwest Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calkain Cos. Opens St. Louis Office to Capture Midwest Market\" \/>\n<meta property=\"og:description\" content=\"Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-10T14:26:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:16:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Teal-Hendserson-crpd3sized1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"270\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/calkain-cos-opens-st-louis-office-to-capture-midwest-market\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Calkain Cos. 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Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. 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