Cole Real Estate Investments Acquires Five Retail Centers in Arizona, Colorado and California

The Plaza at Power Marketplace in Queen Creek, AZ

Phoenix, AZ (PRWEB) October 03, 2011

Cole Real Estate Investments (Cole), one of the nation’s leading investors in high-quality, income-producing retail, office and industrial real estate, announced it recently acquired five multi-tenant retail centers in separate transactions in Arizona, Colorado and California totaling $ 58.2 million. The announcement was made by Thomas W. Roberts, executive vice president and head of real estate investments at Cole.

The properties include The Plaza at Power Marketplace in Queen Creek, AZ, for $ 13.3 million; Kingman Gateway in Kingman, AZ, for $ 4.8 million; Highlands Ranch Marketplace, in Highlands Ranch, CO, for $ 6.3 million; Denver West Plaza, in Lakewood, CO, for $ 14 million; and Kohl’s Parkway Plaza, in Napa, CA, for $ 19.8 million.

“We continue to focus on opportunities in multi-tenant retail, and these properties fit our disciplined acquisition strategy targeting core retail centers leased to nationally recognized, creditworthy tenants under long-term leases,” said Scott Holmes, vice president of multi-tenant retail acquisitions for Cole. “These are well-located centers in the western United States, with strong demographics, and they serve as primary retail destinations within their respective trade areas.”

The shopping centers are anchored by many of the well-known, creditworthy tenants that are the core of Cole’s acquisitions strategy. Anchor tenants include LA Fitness at The Plaza at Power Marketplace; PetSmart and Ross Dress for Less at Kingman Gateway; Staples and Ross Dress for Less at Highlands Ranch Marketplace; Best Buy and Office Depot at Denver West Plaza; and Kohl’s at Kohl’s Parkway Plaza.

Cole has acquired more than $ 1.6 billion in real estate assets year-to-date, including more than $ 415 million of anchored retail centers, and is on track to reach a projected $ 3 billion in real estate acquisitions for the year.

For leasing opportunities at Cole’s multi-tenant retail properties, contact Brett Sheets, senior vice president of leasing, at bsheets(at)colecapital(dot)com.

About Cole Real Estate Investments

Founded in 1979, Cole Real Estate Investments is one of the most active acquirers of core real estate assets, managing one of the country’s largest portfolios of retail properties. Cole primarily targets net-leased single-tenant and multi-tenant retail properties under long-term leases with high credit quality tenants, as well as single-tenant office and industrial properties. Cole executes a conservative investment and financing strategy designed to provide investors with the opportunity for stable current income and capital appreciation. Today, Cole-related entities own and manage more than 1,500 properties representing approximately 55 million square feet of commercial real estate in 47 states with a combined acquisition cost of approximately $ 9 billion.

Follow Cole on Twitter @ColeRealEstate and @ColeCapital.

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements that reflect the current views of Cole Real Estate Investments and Cole’s management with respect to future events. Forward-looking statements about Cole’s plans, strategies and prospects are based on current information, estimates and projections; they are subject to risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Forward-looking statements are not intended to be a guarantee of any event, action, result, outcome or performance in future periods. Cole does not intend or assume any obligation to update any forward-looking statements, and the reader is cautioned not to place undue reliance on them.

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Arizona-Based Cat® Dealer Empire Southwest Is Recruiting Through Job Fairs, Networking

Mesa, AZ (PRWEB) October 12, 2011

A three-hour career fair for service technicians drew more than 170 applicants to Caterpillar® dealer Empire Southwest. The Sept. 17 event, held at the heavy equipment dealer’s Mesa, Arizona headquarters, was the latest move in an ongoing campaign to recruit mechanics, technicians, welders and machinists for Empire’s heavy equipment, parts and service organization.

“We currently have a very high demand for skilled labor,” said Empire Human Resources Manager Gabbie Casas. “Some industries have contracted, but the mining sector is expanding. We have more than 100 positions open – many in technical and service support for our mining clients.”

To fill those positions and prepare for future demand, Empire recruiter Greg Cortesi attends multiple job fairs and networks daily with contacts and industry resources to identify talent in the pipeline. In addition, the company recently restructured its internal communication and hiring processes for greater efficiency.

“We are competing with many others in the industry for the same pool of applicants,” said Casas. “We are fortunate, however, in that we have brand name recognition as a Cat dealer and that Empire has a great reputation within our territory.” She noted that Empire has a very low attrition rate compared to similar companies and industries.

The fair in Mesa drew applicants from as far away as Montana and New Mexico. After screenings and interviews, about 40 had been identified as qualified candidates for current and future positions. Nearly a dozen others were fast-tracked into the hiring process. “The numbers were exceptional, especially given that this event was only three hours long,” remarked Casas.

Empire’s service organization includes multiple facilities at its 40-acre Mesa headquarters, shops at 18 branch locations, dedicated service operations at several mine sites, and a large field service fleet that travels throughout Arizona and southeast California.

For more information about Empire, future career events, and current position openings, visit http://www.empire-cat.com/cm/Company/Work_at_Empire/Work_at_Empire.aspx .

About Empire Southwest, L.L.C.

Empire Southwest is the authorized Caterpillar® construction equipment dealer and engines in Arizona, Southeastern California and portions of Northern Mexico. In addition, Empire is a provider of commercial solar power systems and an authorized dealer for agriculture machinery from AGCO, Challenger, Massey Ferguson and other leading manufactures. The third-generation, family owned company was founded in 1950 and is headquartered in Mesa, Arizona. Empire locations include Apache Junction, Buckeye, Casa Grande, Eloy, Flagstaff, Kingman, Nogales, Peoria, Phoenix, Prescott, Safford, Show Low, Tucson and Yuma, Arizona; Imperial and Blythe, California; and Mexicali, Mexico. More information is available at http://www.empirecat.com.

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Sierra Resource Group Announces Initial Assay Results of Tailings Impoundment Drill Program at Its Chloride Copper Mine Property.

Kingman, AZ (PRWEB) October 24, 2011

Sierra Resource Group, Inc. contracted ALS Minerals of Reno Nevada to complete the testing of its Tailings Drill program. Drill and Assay results from ALS ICP-33 Element test use the ME-CEP61a Method and results showed:

    Copper grade ranged from a minimum of 0.16% Cu ppm to a maximum of 0.43% Cu ppm with the average being 0.36% Cu ppm.
    Magnesium averaged 0.63% Mg %.
    Zinc averaged 0.32% Zn ppm.
Eight (8) gridded vertical holes were drilled using an auger drill rig. Samples were then taken at intervals of ten (10) feet and were continue to the tailings/surface contact. There was a total of 28 samples. Samples were placed in polyethylene bags secured with “zip ties” for transport. All tailings samples were analyzed by the ISO 9001-accredited ALS Minerals Laboratory in Reno, Nevada. Samples were tested for bulk specific gravity, assayed for 33 element ICP and Cu oxide/cyanide leach ability.

The objectives of this drill program were designed to collect material in order to confirm the grade of copper mineralization that was previously reported by SGV Resources Inc. The copper distribution appears to be consistent over all the samples collected from the tailings impoundment.

The tailings are the waste product from the previous operation of the Emerald Isle Mine from 1943 to 1973 when copper recovery was much lower than today’s recovery rates. This low recovery indicates that a substantial amount of copper-bearing material was sent to the tailings impoundment. The objective of this analysis was to determine whether the tailings could be economically mined and processed to recover the contained copper in them.

About the company:

Sierra Resource Group Inc. (OTC Bulletin Board: SIRG) is a U.S based exploration and mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Sierra’s primary asset is 80% ownership of the Chloride Copper Mine located near Kingman Arizona (the “Mine”). The company is looking to expand throughout the Americas in the near future. The technical report, NI43-101, by Scott Wilson Roscoe Postle Associates March 10, 2006, estimates the Chloride Copper Mine contains 27,000,000 pounds of copper. The NI 43-101 technical report is widely recognized as the benchmark standard for resource and reserve estimates, although SEC regulations for the disclosure of reserve estimates are governed by Industry Guide 7. Please refer to the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, filed with the SEC, regarding our reserve estimates.

The Mine is a past producer, has permitting (some updating required), an already disturbed area and is not a greenfield property.

The Mine is fully developed for operation with $ 2.6 million expended by the previous owner/operators on processing facilities and infrastructure which hosts a fully developed mine, leach pads, solvent extraction plant and electro-winning SX/EW plant (which requires some retooling) as well as required infrastructure to conduct the full operation.

Sierra plans to use open pit mining and plans to reopen the existing SX/EW plant on site with the maximum capability of producing up to 7,000,000 pounds of Copper Cathode per year. The existing SX/EW Plant On-Site is environmentally friendly, cost effective and a quick production process according to an article published by the Copper Development Association in August 2001.

The Chloride Copper Mine deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at Chloride Copper Mine is in the form of mineralized lenses contained within a paleochannel approximately a few thousand feet long and up to 750 feet wide. The source of copper at Chloride Copper Mine is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Chloride Copper Mine deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.

FOR INFORMATION CONTACT:

Sierra Resource Group, Inc.

Ph. 702.462.7285

http://www.sierraresgroup.com

J. Rod Martin CEO

Rodmartinmail(at)gmail(dot)com

Safe Harbor Statement under the Private Litigation Reform Act of 1995. Forward-looking statements in this document do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. You can anticipate that actual results will be different due to the inherent uncertainty of estimates; forecasts and projections may be better or worse than projected. Forward-looking statements may relate, among other things, to expected financial and operating results and the Company’s ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: the Company’s limited operating history, the speculative nature of the Company’s planned operations, difficulty in developing new projects, difficulty gaining necessary governmental approvals, the Company’s lack of market research and marketing organization, the Company’s inexperience in operating internationally, and difficulty managing rapid growth. At this time, there can be no assurance that the Company will obtain the financing it needs to execute its plans. For a more detailed discussion of the risks and uncertainties of Sierra Resource Group’s business, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010, the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011, and the Company’s Reports on Form 8-K, all filed with the Securities and Exchange Commission, and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this document or with respect to any of the information described herein.

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