Newtown, Conn. — First National Realty Partners has acquired Sand Hill Plaza, a 163,500-square-foot shopping center located in the southern Connecticut community of Newtown. A 61,450-square-foot Stop & Shop grocery store anchors the center, which originally opened in 1990 and also houses tenants such as T.J. Maxx, Mattress Firm, Verizon, Great Clips and Quest Diagnostics. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction.
Massapequa, N.Y. — Breslin Realty has acquired Massapequa Plaza, a 50,000-square-foot shopping center in Nassau County, about 23 miles from Long Island. Tenants at the center include Costello’s Ace Hardware, Rite Aid, Northwell Health GoHealth Urgent Care, Great American Jewelry, Pequa Spirits Wine & Liquor, Gino’s Tuscany Restaurant, Sal’s Meat Market, Three Amigos Fresh Mexican Grill and Fit Body Boot Camp.
Commerce City, Colo. — Blue West Capital has arranged the $3.4 million sale of a single-tenant retail property in Commerce City, approximately 6 miles northeast of downtown Denver. Brandon Gayeski and Robert Edwards of Blue West Capital represented the seller, a Colorado-based partnership. The buyer was a 1031 exchange investor based in Colorado. The 2,340-square-foot property features a drive-thru and was constructed in 2020. Located at 4860 East 60th Ave., Starbucks Coffee occupies the property on a long-term lease.
Round Rock, Texas — Edge Realty Partners has arranged the sale of Round Rock Crossing, a 245,592-square-foot shopping center in Round Rock, about 19 miles from Austin. Built in phases on 31.5 acres between 2004 and 2006, the eight-building property was 52 percent leased at the time of sale to 18 tenants. The roster includes Best Buy, Michael’s, Dollar Tree, Vitamin Shoppe, Five Guys and Salons by JC. Mart Martindale and Brandon Beeson of Edge Realty Partners represented the undisclosed seller in the transaction. The buyer, BH Properties, intends to …
Newtown, Conn. — First National Realty Partners LLC has acquired Sand Hill Plaza, a 163,500-square-foot property in Newtown. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction. Located at 228 South Main St., Sand Hill Plaza is anchored by a 61,450-square-foot Stop & Shop grocery store, which has been a tenant at the center since it opened in 1990. Other tenants at the property include T.J.Maxx, Mattress Firm, Verizon Wireless, Great Clips and Quest Diagnostics.
Mount Pleasant, S.C. — Continental Realty Corp. (CRC) has purchased Sweetgrass Corner, a 90,000-square-foot neighborhood shopping center in Mount Pleasant, roughly 9 miles outside Charleston. New Market Properties, a subsidiary of Preferred Apartment Communities Inc, sold the property for $17 million. The buyer purchased the property on behalf of Continental Realty Fund V L.P. and a co-investment vehicle related to Fund V, which are both managed by CRC. Built in 1999, Sweetgrass Corner features 13 tenants offering a mix of medical and personal care services, as well as sit-down and …
Chattanooga, Tenn. — SRS Real Estate Partners has brokered the sale of East Ridge Crossing, a 58,950-square-foot, Food Lion-anchored shopping center in Chattanooga. Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller and Tyler Matthews of Austin Sumner Properties represented the buyer, Hancock White Columns, in the transaction. Built in 1988 and renovated in 2021, East Ridge Crossing was 91 percent leased at the time of sale. The property is situated about seven miles southeast of downtown Chattanooga and just west of Interstate 75.
Doral, Fla. — Marcus & Millichap has arranged the $11 million sale of Doral Park Centre, a 13,925-square-foot retail strip center in Doral. Edward Romo and Scott Sandelin of Marcus & Millichap represented the seller, an affiliate of IRAS Group, and Kristina Filippone of First City Realty Partners Inc. procured the undisclosed buyer in the transaction. Built in 2017, Doral Park Centre is a seven-suite property that was fully leased at the time of sale to tenants including 5.11 Tactical Miami, PANNA New Latino Food, Ohana Sushi, 107 Beauty Bar …
Plano, Texas — Triten Real Estate Partners has begun the redevelopment of Market Square Mall, a 300,000-square-foot shopping and dining destination located north of Dallas in Plano. The firm originally acquired the 26-acre property, which was built in the mid-1980s, in January 2021. Plans for the redevelopment, which will be branded Assembly Park, currently call for 180,000 square feet of office space, 16,500 square feet of retail and restaurant space and 305 residential units, all of which will surround a central park. Agent Architecture and Michael Hsu Office of Architecture …
West Hempstead, N.Y. — RIPCO Real Estate has brokered the $5.6 million sale of a 10,125-square-foot retail building located in the Long Island community of West Hempstead. The property is leased to CVS/pharmacy through 2032. A partnership between two locally based limited liability companies sold the property to private investor Kenny Mauer. Stephen Preuss, Kevin Louie, Gene Spiegelman, Kevin Schmitz and Andreas Efthymiou of RIPCO brokered the deal.