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Julia Sanders

McAlpin Square
GeorgiaInvestment salesNews

First National Realty Acquires 170,000-Square-Foot Grocery-Anchored Shopping Center in Savannah

by Julia Sanders

Savannah, Ga. — First National Realty Partners LLC has acquired McAlpin Square, a 170,000-square-foot shopping center in Savannah. David Rivers of Palomar Group represented the undisclosed seller in the transaction. Opened in 1980, McAlpin Square is anchored by a 43,600-square-foot Kroger, one of the original tenants at the center. Kroger operates a branded onsite fuel center as well. Additional tenants include Big Lots, Goodwill, the US Postal Service, Family Dollar, Rainbow, Rent-A-Center, Subway, Domino’s Pizza and GameStop.

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Investment salesNewsVermont

Big V Property Group Acquires 47,837-Square-Foot Retail Village in Stratton, Vermont

by Julia Sanders

Stratton, Vt. — Big V Property Group has acquired The Village at Stratton, a 47,837-square-foot retail center in the Vermont ski resort town of Stratton. The Village at Stratton was fully leased at the time of sale to a roster of 20 tenants. Big V acquired the property as part of a portfolio sale that included The Village at Snowshoe in West Virginia and The Village at Copper Mountain in Colorado. The seller was not disclosed.

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Investment salesNew YorkNews

SRS Real Estate Arranges $8.7 Million Sale of Single-Tenant Retail Property in Middletown, New York

by Julia Sanders

Middletown, N.Y. — SRS Real Estate Partners has arranged the $8.7 million sale of a 14,564-square-foot, single-tenant retail property located in Middletown, about 75 miles north of New York City. The property was built on 1.1 acres in 2007 and is triple net leased to Walgreens on a long-term basis. Winston Guest, Matthew Mousavi and Patrick Luther of SRS Real Estate represented the seller in the transaction, and Josh Goldflam of Highcap Group represented the buyer. Both parties were New York-based private investors who requested anonymity.

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Jonna
Investment salesMichiganNews

Colliers Brokers Sale of 6,885-Square-Foot Commercial Building in Flint, Michigan

by Julia Sanders

Flint, Mich. — The Jonna Group of Colliers has brokered the sale of a 6,885-square-foot commercial building in Flint. The property, built in 2019, is located at 5009 Miller Road. Tenants at the fully leased building include U.S. Army & Navy Career Center, Jersey Mike’s and Smoothie King. Simon Jonna of Colliers represented the seller, a Michigan-based private developer. The buyer was not disclosed.

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Shops at Westbury
LeasingMichiganNews

Metro Infusion Center Leases Remaining Vacancy at Shopping Center in Metro Ann Arbor

by Julia Sanders

Howell, Mich. — Metro Infusion Center has leased the remaining 1,458 square feet at Shops at Westbury in Howell, about 30 miles north of Ann Arbor. Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented the undisclosed landlord. Todd Schultz of Schultz Real Estate represented the tenant.

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Giant
Investment salesNewsVirginia

Avison Young Brokers $200 Million Sale of Retail Portfolio in Metro D.C.

by Julia Sanders

Kingstowne, Va. — Avison Young has brokered the sale of a retail portfolio totaling 410,398 square feet in Kingstowne, located approximately 13 miles southwest of Washington, D.C. in Fairfax County. Rockville, Maryland-based Federal Realty Investment Trust (NYSE: FRT) purchased the portfolio for $200 million. The retail portfolio includes a significant portion of Kingstowne Towne Center, a live-work-play power center in Virginia. The property is 97 percent leased to 61 tenants, including supermarkets Safeway and Giant. According to local news outlets, the center also features tenants T.J. Maxx, Ross, HomeGoods, &pizza …

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Nut Tree
CaliforniaInvestment salesNews

Nella Holdings, Tower Investments Buy 370,114-Square-Foot Nut Tree Plaza in Central California

by Julia Sanders

Vacaville, Calif. — Nella Holdings and Tower Investments have acquired Nut Tree Plaza in Vacaville from a partnership managed by Dunhill Partners for $124.5 million. Located at 1621 E. Monte Vista Ave, the 370,114-square-foot center features 68 retail stores, 17 restaurants and outdoor attractions including a kiddie train. Current tenants include Nordstrom Rack, Ulta Beauty, Best Buy, PetSmart, Five Below, Cost Plus World Market, HomeGoods, Old Navy, Buffalo Wild Wings, Old Navy, Michaels, Best Buy, Home Goods, Bevmo!, Panera Bread, Peet’s Coffee, See’s Candies, Jelly Belly Candy Store and Jamba …

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The Stacks
DevelopmentNewsWashington DC

Joint Venture Plans to Break Ground on 2 Million-Square-Foot Stacks Mixed-Use Property in D.C.

by Julia Sanders

Washington, D.C. — A joint venture between Akridge, National Real Estate Advisors, Blue Coast Capital and Bridge Investment Group has plans to break ground on the first phase of The Stacks, a 2 million-square-foot mixed-use project in Washington, D.C. Bank OZK is providing a $367 million construction loan for the first phase of the development. William Collins, Bindi Shah, Marshall Scallan and Shaun Weinberg of Cushman & Wakefield arranged the loan. The construction timeline was not disclosed. The first phase of The Stacks will include three rental residential towers totaling …

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IllinoisInvestment salesNews

Mid-America Brokers Sale of Two Shopping Centers in Suburban Chicago Totaling 732,212-Square-Foot

by Julia Sanders

North Riverside and Elmhurst, Ill. — Mid-America Real Estate Corp. has brokered the sale of two shopping centers in suburban Chicago. North Riverside Plaza is a 384,707-square-foot regional shopping center in North Riverside. Tenants include Kohl’s, Burlington, Best Buy, Petco, Michaels and a new grocery store that is currently under construction. Elmhurst Crossing is a 347,505-square-foot, grocery-anchored shopping center in Elmhurst. Major tenants include Whole Foods Market, Kohl’s, At Home and Petco. Ben Wineman and Kathryn Sugrue of Mid-America represented the longtime owner and seller, Federal Construction. Brixmor Property Group …

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Investment salesNewsTexas

Levcor Acquires Two Shopping Centers Totaling 184,000-Square-Foot in College Station

by Julia Sanders

College Station, Texas — Levcor has acquired two shopping centers totaling 184,000 square feet in College Station. University Park is a grocery-anchored center that comprises 97,000 square feet on a 9.2-acre site that is within one mile of Texas A&M University’s campus. Texas Avenue Crossing, located about 2.5 miles from campus, totals 87,000 square feet and is anchored by Bed Bath & Beyond, with Total Wine & More and Boot Barn set to join the roster this summer.

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