Huntsville, Ala. — JLL Income Property Trust has acquired Westbury Square, a 115,000-square-foot shopping center located in Huntsville, for $32 million. Tenants at the center, which was fully leased at the time of sale, include T.J. Maxx, Michaels, Stein Mart, Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s Southwest Grill, Jenny Craig, Jimmy John’s and Cricket Wireless. Cushman & Wakefield brokered the transaction on behalf of the undisclosed seller.
Lubbock and Brownwood, Texas — Dunhill Partners has acquired two grocery-anchored retail centers in Texas. Spanning 220,938 square feet, the portfolio includes Northpark Village in Lubbock and Commerce Square in Brownwood. Chris Gerard and Adam Howells of JLL represented the seller, Phillips Edison & Co., in the transaction. Anchored by United Supermarkets, Northpark Village totals 70,479 square feet across 5.5 acres. Commerce Square, which consists of 150,459 square feet, is anchored by Aldi and features a mix of other national tenants such as T.J. Maxx, Boot Barn, Harbor Freight, Buffalo …
San Antonio — A joint venture between Headwall Investments and Fifth Corner has acquired Sunset Ridge Shopping Center, a 102,803-square-foot neighborhood center in San Antonio. Tenants include Great Clips, Sola Salons, Boss Bagels, CVS Pharmacy, Orangetheory Fitness, Massage Envy and Baskin Robbins. Originally built in 1951, this transaction marks the first time Sunset Ridge Shopping Center has been sold since 2003. Casey Kopecky of Ironwood Real Estate represented the seller.
Victorville, Calif. — Progressive Real Estate Partners has arranged the $6.1 million sale of Victorville Pavilion, a 11,618-square-foot multi-tenant retail property in Victorville, approximately 35 miles northeast of San Bernardino. Built in 2004, Victorville Pavilion was fully occupied at the time of sale to tenants such as T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate Partners represented the seller, a private investor, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer, San Diego-based private investor, in the transaction.
Columbus, Ohio — Four new tenants have signed leases to join Easton Town Center, a 1,300-acre mixed-use project under development in Columbus. Furniture and home décor retailer Joybird has already opened at the property. SKIMS, Portland Leather and Windsor are also scheduled to join the lineup, while existing tenant Abercrombie & Fitch is expanding its store. Managed and leased by Steiner + Associates, Easton Town Center’s most recent expansion includes 140,000 square feet of entertainment, restaurant, hotel and retail offerings, as well as 125,000 square feet of new office space. Tenants …
Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …
Conyers, Ga. — JLL Capital Markers has negotiated the $25.4 million sale of Salem Gate Market, a 177,527-square-foot retail center located in Conyers, a southeast suburb of Atlanta in Rockdale County. Brad Buchanan, Jim Hamilton, Andrew Kahn and Anton Serafini of JLL represented the seller, Tri-Land Properties, in the transaction. Gregg Shapiro, Hunter Goldberg and Austin Smith, also of JLL, represented the buyer, Highline Real Estate Capital LLC, in procuring the acquisition loan. Salem Gate Market is fully leased to tenants including Floor & Decor, Academy Sports + Outdoors, Northern Tool …
Melrose Park, Ill. — Pacific Southwest Realty has arranged $36 million in refinancing for Winston Plaza, a 400,000-square-foot shopping center located in the Chicago suburb of Melrose Park. Kostas Kavayiotidis of Pacific Southwest Realty and Bryan Gortikov of Gortikov Enterprises arranged the loan through Wells Fargo on behalf of the borrower, NewMark Merrill. Sandra Kist and Josh Ginsborg internally represented NewMark Merrill in the transaction. NewMark Merrill acquired Winston Plaza in 2008, and shortly thereafter completed an extensive remodeling and repositioning of the property. The center has added more than 100,000 square feet of new retailers in the …
Placentia, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-Fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.
Abbeville, La. — The Dowd Cos. has brokered the $4.1 million sale of Lauren Parc Shopping Center, a 34,125-square-foot retail center located in Abbeville, approximately 21 miles southwest of Lafayette. Originally built in 2014, the center was 95 percent leased at the time of sale to nine tenants including Dollar Tree, AT&T and Anytime Fitness. The transaction also includes an additional outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the buyer, an out-of-state investor, and the seller, in the transaction.
