One of the newest properties to roll into the till is the273,000-sf Lincoln Place, the first of two phases of a power centerin Fairview Heights, IL. The nine-year-old center, a mix oftop-draw national retailers, was sold by the Koman Properties Inc.of St. Louis. Also this month, the buyer has paid $65 million to anApplebee's International Inc. franchisee for a portfolio, says DanWeber, senior vice president of acquisitions for the Phoenix-basedCole Cos.

Weber tells GlobeSt.com that the 28-year-old company has beenworking to shed its single-tenant image although qualitysingle-tenant, long-term, net-lease product is still its bread andbutter. Not only is it buying multi-tenant retail, but it's alsosizing up single-tenant office and industrial assets too.

Weber says age isn't a concern as long as the asset's in goodcondition, well-maintained and positioned in a relevant trade area."The thing we look at is the long-term leases," he says. "Even anold property could have a tenant with a restructured lease."