Lafayette, Colo. — The Boulder Group has arranged the sale of a single-tenant retail property located at 825 U.S. Highway 287 in Lafayette, about 11 miles from Boulder. The building traded for $6.8 million. Tractor Supply Co. occupies the 21,930-square-foot building on a net-lease basis. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the California-based 1031 exchange buyer in the transaction, while Andrew Bogardus of Cushman & Wakefield represented the undisclosed seller.
Palm Desert, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly constructed, single-tenant restaurant property at Monterey Crossing shopping center in Palm Desert. The Habit Burger Grill occupies the 2,700-square-foot, drive-thru building, which is located at 73320 Dinah Shore Drive. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller and developer, Fountainhead Development, in the deal. John Costa, David Fults and Brian McLoughlin of Voit Real Estate Services’ Los Angeles office represented the buyer, a Southern California-based private investor.
West Allis, Wis. — Colliers has brokered the $4.3 million sale of a 14,079-square-foot retail center in West Allis, about 6 miles from Milwaukee. The recently built property sits at the corner of South 108th Street and West Oklahoma Avenue. Some of the tenants at the fully leased center include HuHot, Tropical Smoothie Café, Elements Massage and AT&T. Adam Connor, Josh Minkin and Heather Dorfler of Colliers represented the seller, a Milwaukee-based private developer, in the transaction. The private buyer is also based in Wisconsin.
Valrico, Fla. — CBRE has arranged the $3.2 million sale of a 12,496-square-foot multi-tenant property anchored by a Tire Choice Total Car Care Center in Valrico, about 16 miles from Tampa, to a private investor. Mark Shellabarger and Ari Ravi of CBRE Capital Markets represented the seller, a local private investor. Michael Kaplan from Weitzman represented the buyer. Located at 3519 Bell Shoals Road, the property was fully leased to three tenants at the time of sale.
Cornelia, Ga. — Stan Johnson Co. has brokered the sale of a multi-tenant retail strip center located at 216 Carpenters Cove Lane in Cornelia. The 6,668-square-foot center is leased to Starbucks Coffee, Cricket Wireless and Jersey Mike’s Subs. Billy Benedict of Stan Johnson Co. represented the seller, a Florida-based investor group. Newburger-Andes acquired the property for $3.1 million. Built in 2019 on a 1.3-acre parcel, the center has direct frontage to U.S. Highway 441 South. At the time of sale, there was one available suite totaling 1,750 square feet that …
Hammond, Ind. — Marcus & Millichap has brokered the $8 million sale of a 55,010-square-foot retail center in Hammond, about 25 miles south of Chicago. Dollar Tree and Ross Dress for Less anchor the property, which was constructed in 2016 and is located at 1105 5th Ave. Additional tenants at the fully leased center include Rainbow and Sadoni Beauty Supply. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap represented the seller, Luke Brands. Friedman Real Estate represented the buyer, Canyon Park Capital.
Bohemia, N.Y. — Bed Bath & Beyond has renewed its 42,000-square-foot lease at Sayville Plaza, a shopping center located in Bohemia, about 60 miles from New York City. Other tenants at Sayville Plaza include Northwell Health, Old Navy, Panera Bread, Jennifer Furniture, The Vitamin Shoppe, Chipotle Mexican Grill and Sprint. Robert Delavale of Breslin Realty represented the landlord in the lease negotiations.
Bloomington, Ill. — The Boulder Group has negotiated the sale of a single-tenant, net-leased retail property occupied by JOANN Fabrics in Bloomington, about 27 miles from Chicago. Located at 1701 E. Empire St., the 21,828-square-foot building was sold for $4.1 million. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate firm, as well as the buyer, a national real estate company.
Mount Olive, N.C. — The Cooper Commercial Investment Group has arranged the sale of The Shops of Mount Olive, a 9,267-square-foot shopping center in Mount Olive. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based on the East Coast. The private California buyer purchased the property for $2.4 million. Built in 2008, the center is anchored by El Mazaltlan Mexican Restaurant and is shadow-anchored by Walmart Supercenter. Other tenants at the center include Fantastic Sams, Cricket Wireless, Papa John’s and Diener Law …
Minnetonka, Minn. — Dick’s Sporting Goods plans to open a new store this May in Minnetonka, about 14 miles from Minneapolis. The retailer also plans to hire more than 200 associates at its new store, which will be located at 12437 Wayzata Blvd. The House of Sport Experiential Concept store will feature a 35-foot rock climbing wall, batting cage for baseball and softball, golf hitting bays, putting green, hock shop, health and wellness destination and a service area dedicated to sharpening hockey skates, breaking in gloves, stringing lacrosse sticks and …
