Atlanta — Fin & Feathers, an American soul food restaurant owned by Damon Johnson, will open a new 5,400-square-foot location at 1136 Crescent Ave. in Midtown Atlanta. Bryan Davis of Ackerman & Co. represented Fin & Feathers in the transaction. The space was formerly occupied by Tin Lizzy’s Cantina. The restaurant is slated to open in February.
South Lake Tahoe, Calif. — Imperium Blue has acquired two retail centers in South Lake Tahoe for $33 million. Ready Capital sold the assets, which total 50,000 square feet of retail space. Tony Wood of KW Commercial Real Estate Services represented the seller, while Scott Campbell of SRS National Let Lease Group represented the buyer in the deal. The properties, named Chateau and Zalanta, are part of a larger 20-acre development project that includes 400 residential condominiums and 100,000 square feet of additional retail space.
Hazleton, Pa. — Legend Properties Inc. has arranged the sale of Church Hill Mall, a 168,000-square-foot retail property in Hazleton, located roughly midway between Scranton and Allentown. The property sits on 14 acres and was 92 percent leased at the time of sale to tenants such as Ollie’s Bargain Outlet, Family Dollar and Firestone. James Smith of Legend Properties brokered the deal. The new ownership, an entity doing business as 1065 Church Street Properties LLC, plans to invest about $2 million in capital improvements and rebrand the property as Church …
Harrisburg, Pa. — First National Realty Partners (FNRP) has acquired Summerdale Plaza, a 141,451-square-foot shopping center in Harrisburg. At the time of sale, the property was 85 percent leased to a tenant roster that includes Rite Aid, AutoZone, Dollar Tree and Tractor Supply. Brad Nathanson of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the undisclosed seller in the transaction.
Oak Brook, Ill. — Inland Private Capital Corp. has arranged the sales of eight Walgreens properties totaling 113,130 square feet across Arkansas, Michigan, Missouri and Tennessee. The properties sold in separate transactions for a total of $37 million. A subsidiary of Inland Private Capital Corp. facilitated the sales on behalf of Pharmacy Sale Leaseback II DST, one of IPC’s 1031 investment programs.
Natick, Mass. — An affiliate of Bulfinch Cos., in partnership with Harrison Street, has purchased a 94,000-square-foot retail property in the western Boston suburb of Natick. Neiman Marcus currently occupies the two-story building, which is contiguous to Brookfield Properties’ Natick Mall, but plans to vacate the space in September. The new ownership plans to redevelop the property but did not share specific plans.
Alexandria, Va. — SRS National Net Lease Group has brokered the $27 million sale of a Whole Foods Market-occupied retail property in Alexandria, roughly 10 miles outside Washington, D.C. The 42,243-square-foot Whole Foods is located within The Royalton, a 116-unit residential property built in 2006. Andrew Fallon and Rick Fernandez of SRS, along with Joe Friedman of Edge Capital Markets, represented the undisclosed seller, a family trust based in Hawaii, in the transaction. Benderson Development Inc. was the buyer.
Athens, Ga. — Marcus & Millichap has brokered the sale of a property occupied by CVS/pharmacy located at 795 Oglethorpe Ave. in Athens. An undisclosed buyer purchased the 14,781-square-foot property for $9.1 million. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller.
Glenarden, Md. — Urban Edge Properties has acquired Woodmore Towne Centre, a 712,000-square-foot grocery-anchored shopping center located on 83 acres in Glenarden, along with an adjacent 22-acre land parcel for $193.4 million. Funding for the acquisition included cash on-hand and a $117.2 million non-recourse first mortgage loan. The financing features a 10-year term and is interest-only for the entire loan term. Woodmore Towne Center is situated nine miles from the center of Washington, D.C., off the Capital Beltway. The property was 97 percent leased at the time of sale to …
Mt. Olive, N.J. — Black Lion Investment Group has purchased ITC Crossing South, a 373,612-square-foot shopping center located on 46 acres in Mt. Olive, for $49.8 million. R.J. Brunelli & Co. brokered the sale. The property is home to retailers such as Lowe’s, Michaels, PetSmart, Old Navy, TJ Maxx, Panera Bread, McDonalds, Longhorn Steakhouse and Bed, Bath & Beyond.