Anaheim Hills, Calif. — Sunbelt Investment Holdings has purchased a 205,000-square-foot The Home Depot Superstore in Anaheim Hills for an undisclosed price. The flagship store is situated on 18 acres along the north side of Interstate 91 roughly 38 miles outside Los Angeles. The property is the largest Home Depot on the West Coast and the second largest in the nation, according to the buyer. The name of the seller was not released.
St. Matthews, Ky. — Kaden Cos. has acquired Best Buy Center, a 220,000-square-foot retail center located at 5005 Shelbyville Road in St. Matthews, about eight miles from Louisville. The property will be rebranded as Saint Matthews Gateway and is home to tenants including Best Buy, Total Wine & More, Frontgate and DSW Designer Shoe Warehouse. The seller and sales price were not disclosed.
Morris Township, N.J. — Accurate Builders & Developers has broken ground on Morris Marketplace, a 140,000-square-foot retail redevelopment project located on the 64-acre former Colgate-Palmolive corporate campus in Northern New Jersey. Accurate Builders is co-developing the project with DeVimy Equities Inc. The center will feature children’s play areas, pocket parks, splash pads and seating areas, as well as outdoor dining and recreational spaces. Committed tenants include Lidl, Starbucks Coffee, AT&T, Orangetheory Fitness and Restore Wellness & Cryotherapy. Construction is expected to be complete in the fourth quarter of 2022, at …
Fort Pierce, Fla. — American Commercial Realty Corp. has acquired Indrio Crossings Shopping Center, a 131,000-square-foot center located at 4846 N. Kings Highway in Fort Pierce. The property is anchored by a 57,200-square-foot Winn-Dixie Grocery and co-anchored by Bealls Outlet and Dollar Tree. The Winn-Dixie location was renovated in 2018. AutoZone is set to open at the center in November. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group represented the undisclosed seller in the transaction. George Kleier of American Commercial Realty represented the buyer.
Slidell, La. — SRS’ Investment Properties Group has brokered the sale of two single-tenant properties net leased to Winn-Dixie in Slidell, roughly 31 miles outside New Orleans. H&R 2985 Gause LLC and H&R 3030 Pontchartrain LLC sold the properties for $10.9 million to NS Retail Holdings LLC. Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group, along with William Place of L + A Retail, represented the seller in the transaction. The buyer was self-represented. Located at 2985 Gause Blvd. and 3030 Pontchartrain Drive, the properties are the only …
Albuquerque, NM., Conyers, Ga., and Mandeville and Marrero, La. — Faris Lee Investments has arranged the $13.9 million sale of four properties ground leased to Chick-Fil-A. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the sellers, local developers from both the Southeast and Southwest regions of the United States. Faris Lee also procured the 1031 exchange buyers, who were based out of the West Coast, Southwest and Northeast regions. The properties are occupied under an average 15-year lease term and are located in Albuquerque, New Mexico; Conyers, Georgia; …
Elk River, Minn. — Northwoods Management has acquired Elk Park, a 205,009-square-foot shopping center in Elk River, about 34 miles northwest of Minneapolis. The purchase price was undisclosed. Grocer Cub Foods is the anchor tenant. The property, which is located at 19216 Freeport Ave., is also home to Planet Fitness, Famous Footwear and Maurice’s. CBRE represented the seller, Brixmor Property Group.
Santa Barbara, Calif. — A joint venture between Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Dune Real Estate Partners has acquired a 175,000-square-foot building formerly occupied by Nordstrom at Paseo Nuevo, a mixed-use center in downtown Santa Barbara. Terms of the transaction were not released. The three-story building is connected to the north end of the center, which offers more than 450,000 square feet of open-air space. Originally constructed in 1924, the property underwent a wholesale redevelopment between 1989 and 1994 into its current form and …
Eustis, Fla. — JLL Capital Markets has arranged the $9.2 million sale of the Shoppes at Eustis Village, a 29,367-square-foot retail strip center in the Orlando-area community of Eustis. Brad Peterson, Whitaker Leonhardt, Michael Brewster and Tommy Isola of JLL represented the seller, CORE Investment Properties. Tabani Group Inc. acquired the property. Completed in 2006, the center is fully leased to nine tenants including Starbucks Coffee, Verizon Wireless, Pep Boys, Greenberg Dental, Liberty Health Sciences and Planet Smoothie. Located at 15439 US Highway 441, the three-building property is shadow anchored …
Henderson, Nev. and Salt Lake City — Colliers International has arranged two separate land parcel sales totaling $6.6 million in Henderson and Salt Lake City. In the first deal, EOE Volunteer LLC sold an 0.84-acre land parcel at 3495 Volunteer Blvd. in Henderson. AutoZone Development LLC acquired the property for $1.2 million. Steven Haynes of Colliers represented the seller in the transaction. In the second deal, an undisclosed buyer acquired a 0.48-acre land parcel at 3215 E. 3300 South in Salt Lake City for $5.4 million. The name of the …
