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Hayden Spiess

El-Dorado-Long-Beach-CA
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $21.2 Million Sale of El Dorado Shopping Center in Long Beach, California

by Hayden Spiess

Long Beach, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of El Dorado Shopping Center, a retail property located in Long Beach. A partnership managed and represented by Milan Capital Management acquired the center from DPI Retail for $21.2 million. Grocery Outlet and Dollar Tree anchor the 74,500-square-foot shopping center. Built in 1965 and renovated in 2003, the property was 93 percent occupied at the time of sale. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller in the transaction.

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Investment salesNewsTexas

STRIVE Arranges Sale of 13,522-Square-Foot Retail Strip Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas —STRIVE has arranged the sale of The Shops at Eldorado, a 13,522-square-foot retail strip center located in Frisco. Built in 2016, the center was fully leased at the time of sale to tenants including Sugar Boy Donuts, Smoke Central and Discovery Kids Dentistry. Hudson Lambert and Jason Vitorino of STRIVE represented the seller, a Dallas-based developer, in the transaction.

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CaliforniaGrocery-anchoredInvestment salesNews

IRA Capital Sells 157,322-Square-Foot Poinsettia Plaza Shopping Center in Southern California for $66 Million

by Hayden Spiess

Ventura, Calif. — IRA Capital has completed the $66 million sale of Poinsettia Plaza, a 157,322-square-foot shopping center located in Ventura. Tenants at the center, which was 96.5 percent occupied at the time of sale, include Ross Dress for Less, Office Depot, Petco, FedEx, Lamps Plus and Aldi. Recent renovations at the property include modernizations of existing facades, new landscaping and parking lot upgrades. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller in the deal.

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Westpark-Walk-Peachtree-City-Ga
GeorgiaInvestment salesNews

Northmarq Arranges $15.2 Million Sale of 73,847-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Northmarq has arranged the sale of Westpark Walk, a 73,847-square-foot retail center located in Peachtree City, roughly 30 miles south of Atlanta. A developer acquired the property, which was fully leased at the time of sale, for $15.2 million. Tenants at the center include Tuesday Morning, Verizon Wireless, State Farm, Firehouse Subs, HOTWORX, and Ranchero Mexican Grill. Jeff Enck and Emery Shane of Northmarq represented the seller, an individual investor, in the transaction.

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Chevron-Norco-Calif
CaliforniaInvestment salesNews

Progressive Facilitates $11.9 Million Sale of Gas Station Property in Norco, California

by Hayden Spiess

Norco, Calif. — Progressive Real Estate Partners has brokered the $11.9 million sale of a Chevron station, convenience store and car wash located in Norco. Both the business and property were included in the sale. Victor Buendia of Progressive represented the seller, a Los Angeles-based private investor, in the transaction. Built in 2000 and fully remodeled in 2020, the property features 18 fueling stations, a self-service express car wash and a 22,000-square-foot ExtraMile convenience store. The sale also included two rental units, currently leased to a Valvoline franchisee and a …

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FinanceNewsPennsylvania

Axiom Capital Arranges $11 Million Refinancing of Retail Property in Central Pennsylvania

by Hayden Spiess

Altoona, Pa. — Axiom Capital Corp. has arranged the $11 million refinancing of a 222,139-square-foot, single-tenant retail property located in Altoona. Walmart occupies the property, housing a grocery store, auto care center, pharmacy and a hair salon. The names of the borrower, a private investment group, and direct lender, a bank, were not disclosed.

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Ken-Hinkle
Company newsIllinoisNews

Ken Hinkle Joins Cullinan Properties as Vice President of Leasing

by Hayden Spiess

Peoria, Ill. — Ken Hinkle has joined Cullinan Properties, taking on the role of vice president of leasing. Based in Atlanta, Hinkle previously held senior positions with Kite Realty, Retail Properties of America, Simon Property Group and Federated Department Store. In his most recent position, Hinkle was responsible for the leasing of up to 4.8 million square feet. “Ken is a dynamic leasing professional who succeeds in every market he is in,” says Ann Smith, senior vice president and director of leasing and marketing. “At Cullinan, he will provide leadership …

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Chatham-Plaza-Savannah
GeorgiaInvestment salesNews

JLL Arranges Two Retail Center Sales in Savannah Totaling $63 Million

by Hayden Spiess

Savannah, Ga. — JLL Capital Markets has arranged the sales of two shopping centers located in Savannah in transactions totaling $63 million. Built in 1986, Savannah Centre comprises 186,514 square feet and was 81 percent leased at the time of sale. Tenants at the property include TJ Maxx, Bed Bath & Beyond, Shoe Carnival, JOANN Fabric and Crafts, Five Below, Rack Room Shoes and Chicken Salad Chick. Chatham Plaza totals 197,605 square feet. Originally built in 1972, the property was renovated in 2001. Tenants at the center, which was 93 …

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Grocery-anchoredInvestment salesNewsOhio

JRW Realty Negotiates Sale of 115,777-Square-Foot Shopping Center in Columbus

by Hayden Spiess

Columbus, Ohio — JRW Realty has negotiated the sale of Walnut Creek Plaza in Columbus for an undisclosed price. An 86,608-square-foot Giant Eagle grocery store anchors the 115,777-square-foot shopping center, which features 13 additional retail and healthcare tenants. Nathan Webb of JRW Realty sourced the buyer, one of JRW’s exclusive institutional buyers. CBRE represented the undisclosed seller.

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The-View-at-Marlton-N.J
Investment salesNew JerseyNews

Marcus & Millichap Brokers $36.5 Million Sale of Shopping Center in Metro Philadelphia

by Hayden Spiess

Marlton, N.J. — Marcus & Millichap’s Institutional Property Advisors (IPA) has brokered the sale of The View at Marlton, a 91,000-square-foot shopping center located in Marlton, roughly 18 miles east of downtown Philadelphia. Paramount Realty Services acquired the property, which was 98 percent occupied at the time of sale, for $36.5 million. Brad Nathanson of IPA arranged the 1031-exchange transaction on behalf of the seller and original developer, a partnership between Abrams Realty & Development and Lazgor Co. Tenants at the property include LA Fitness, AAA, The Malvern School, Truist …

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