Friday, November 29, 2024
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Julia Sanders

CVS
CaliforniaInvestment salesNews

Hanley Investment Arranges $11.9 Million Sale of CVS/pharmacy-Anchored Retail Center in Metro Los Angeles

by Julia Sanders

Duarte, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11.9 million sale of a 19,497-square-foot retail center located at 2315-2329 Huntington Drive in the Los Angeles County community of Duarte. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer, a private investor in Monrovia, California, in the acquisition of the property from Lake Development. CVS/pharmacy anchors the center, which is fully occupied by tenants including Bank of America and Children 1st Pediatric Group.

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Dunbarton Plaza
Investment salesNewsSouth Carolina

Cooper Commercial Arranges Sale of 24,000-Square-Foot Retail Property in Barnwell, South Carolina

by Julia Sanders

Barnwell, S.C. — Cooper Commercial Investment Group has arranged $3.3 million sale of Dunbarton Plaza, a 24,000-square-foot retail center located in Barnwell. The fully occupied property is shadow-anchored by Walmart Supercenter and was home to tenants including Cato, AT&T, Shoe Show, Domino’s Pizza and Hibbett Sports at the time of sale. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, an East Coast private investor, in this transaction. A private South Carolina-based investment group purchased the property.

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Investment salesNewsOhio

Marcus & Millichap Arranges $7.8 Million Sale of Walgreens-Occupied Property in Suburban Akron

by Julia Sanders

Fairlawn, Ohio — Marcus & Millichap has arranged the $7.8 million sale of a Walgreens-occupied property in Fairlawn, a northwest suburb of Akron. The 14,820-square-foot, net-leased building is located at 3009 W. Market St. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a private investor. Buyer information was not provided.

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7-Eleven
FloridaInvestment salesNews

RealSource Arranges $5.6 Million Sale of 7-Eleven Property in North Naples, Florida

by Julia Sanders

Naples, Fla. — RealSource Group has arranged the $5.6 million sale of a single-tenant property net-leased to 7-Eleven in North Naples. Austin Blodgett of RealSource, along with ParaSell Inc., represented the buyer, a private investor based in Los Angeles, California. John Beckman of Retail Site Experts represented the seller, Creighton Development, in the transaction. The 3,155-square-foot building is located on 0.8 acres at Green Tree Center and features a fuel station.

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Jack in the Box
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $2.7 Million Acquisition of Jack in the Box Property in Los Angeles County

by Julia Sanders

Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.7 million sale of a Jack in the Box-occupied property located at 101 W. Foothill Blvd. in the Los Angeles County community of Pomona. A San Gabriel, California-based private investor acquired the asset from an undisclosed seller. Mike Lin of Progressive Real Estate Partners represented the buyer in the transaction. Jack in the Box has occupied the property, which features a drive-thru lane, for more than 30 years.

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LeasingNew YorkNews

Bathhouse Signs 34,328-Square-Foot Retail Lease in Manhattan’s Flatiron District

by Julia Sanders

New York City — Bathhouse has signed a 34,328-square-foot lease at 7 West 21st St. in Manhattan’s Flatiron District. The location within Friedland Properties’ 289,809-square-foot residential building will be the company’s first in Manhattan to accompany its space in Brooklyn’s Williamsburg area. Jason Pruger and Lucas Kooyman of Newmark represented Friedland Properties in the lease negotiations. Ross Eisenberg of RDE Advisors Inc. represented Bathhouse.

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Legacy Place
FloridaInvestment salesNews

CBRE Arranges $101.7 Million Sale of Legacy Place Retail Center in Palm Beach Gardens, Florida

by Julia Sanders

Palm Beach Gardens, Fla. — CBRE has arranged the $101.7 million sale of Legacy Place, a 425,316-square-foot open-air shopping center in Palm Beach Gardens. A joint venture between Lone Star Funds and Woolbright Development purchased the property. Casey Rosen and Dennis Carson of CBRE National Retail Partners in Florida represented the undisclosed seller in the transaction. Legacy Place was 72 percent leased at the time of sale to tenants including Barnes & Noble, Bassett Furniture, Best Buy, Ethan Allen, Michael’s, Nicklaus Children’s Hospital, Petco, The Container Store and Total Wine …

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IndianaInvestment salesMarylandMississippiNews

Time Equities Acquires Three Shopping Centers in Maryland, Indiana and Mississippi for $23.4 Million

by Julia Sanders

Glen Burnie, Md., Munster, Ind. and Jackson, Miss. — Time Equities Inc. (TEI) has acquired three shopping centers totaling 307,284 square feet in Maryland, Indiana and Mississippi for $23.4 million. Acquisitions include Harundale Plaza, a 217,619-square-foot, Lidl-anchored retail center in Glen Burnie, Maryland. The property was acquired for $16.4 million from SITE Centers and Limited Partners. Ryan Sciullo, R. William Kent, Matt Karempelis and Chris Decoufle of CBRE represented the sellers in the transaction. TEI also acquired Ridgewood Plaza, a 36,307-square-foot shopping center anchored by Applebee’s in Munster, Indiana, for …

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Paulding Pavilion
GeorgiaInvestment salesNews

Colliers Brokers $8.3 Million Sale of Shopping Center in Metro Atlanta

by Julia Sanders

Hiram, Ga. — Colliers International has brokered the $8.3 million sale of Paulding Pavilion, a 78,346-square-foot shopping center in Hiram, roughly 26 miles northwest of downtown Atlanta. Scott Israel and Joe Montgomery of Colliers represented the seller, The Ardent Cos., in the disposition of the property to an undisclosed private investor. Built in 1996 and renovated in 2004, Paulding Pavilion was fully leased at the time of sale to tenants including Bargain Hunt, Big Air Trampoline Park and America’s Best Contacts & Eyeglasses.

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Faris Lee InvestmentsFloridaInvestment salesNews

Faris Lee Arranges $6.6 Million Sale of Retail Center in Metro Jacksonville

by Julia Sanders

Middleburg, Fla. — Faris Lee Investments has arranged the $6.6 million sale of Branan Field Walk, a 14,551-square-foot strip center located roughly 26 miles outside Jacksonville in Middleburg. Jeff Conover and Scott DeYoung at Faris Lee Investments represented the Midwest-based 1031 exchange buyer in the transaction. The property was fully leased to seven tenants at the time of sale.

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