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Julia Sanders

Wawa
FloridaInvestment salesNews

SRS Arranges Sale of Two Wawa Convenience Stores in South Florida

by Julia Sanders

Fort Lauderdale and Hialeah Gardens, Fla. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of two Wawa convenience store and gas stations located in South Florida. Dispositions include a 6,119-square-foot Wawa currently under construction at 7878 N.W. 103rd St. in Hialeah Gardens; and a newly built, 5,991-square-foot Wawa located at 6191 N. Powerline Road in Fort Lauderdale. Ferber Co. sold the Hialeah Gardens property for $11.6 million to Hialeah WW LLC. Brightwork Real Estate sold the Fort Lauderdale Wawa for $10.8 million to Powerline Wawa …

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ConnecticutFinanceNews

Axiom Capital Arranges $11 Million CMBS Loan for Redevelopment of Retail Property in Fairfield, Connecticut

by Julia Sanders

Fairfield, Conn. — Axiom Capital Corp. has arranged an $11 million CMBS loan for the redevelopment of a retail property in Fairfield. Kohl’s formerly occupied the asset, which is being converted into a multi-tenant property that will house retailers including Aldi and Floor & Décor. The nonrecourse, fixed-rate loan was structured with a 10-year term and 10 years of interest-only payments. The borrower was an undisclosed private developer.

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Investment salesNewsWisconsin

Matthews Brokers $5.1 Million Sale of Two-Tenant Retail Property in Menasha, Wisconsin

by Julia Sanders

Menasha, Wis. — Matthews Real Estate Investment Services has brokered the $5.1 million sale of a two-tenant retail property in Menasha, just south of Appleton. Located at 1151 E. Midway Road, the property is home to Piggly Wiggly and Dollar Tree. Edward DeSimone, Josh Bishop and Maxx Bauman of Matthews brokered the 1031 tax-deferred exchange transaction. The undisclosed buyer exchanged out of a four-property Dollar General portfolio.

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Investment salesNew YorkNews

Namdar Realty Group Sells 100,000-Square-Foot National Net-Leased Retail Portfolio

by Julia Sanders

Great Neck, N.Y. — Namdar Realty Group has sold a portfolio of 10 net-leased retail properties located across five states. Five of the properties are located in California. Two assets are in Oregon, and each of the remaining three properties are split between Illinois, Maine and Connecticut. The portfolio spans more than 100,000 square feet and was approximately 95 percent leased at the time of sale to tenants such as Buffalo Wild Wings, Best Buy, Cost Plus World Market, State Farm, AT&T and Uno Pizzeria. Andrew Ebrani and Jonathan Abda …

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Valrico Commons
FloridaInvestment salesNews

CBRE Arranges Sale of 138,887-Square-Foot Valrico Commons in Valrico, Florida

by Julia Sanders

Valrico, Fla. — CBRE has arranged the sale of Valrico Commons, a 138,887-square-foot shopping center in Valrico. Built in 1986 and redeveloped in 2011, Valrico Commons is 93 percent leased, and is anchored by Publix, Ross Dress for Less and Five Below. Casey Rosen and Dennis Carson of CBRE represented the seller, which includes affiliates of North American Development Group and Primerica Group One. An affiliate of Phillips Edison & Co. acquired the property for an undisclosed price.

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Investment salesNew YorkNews

RIPCO Real Estate Arranges Sale of 236,000-Square-Foot Shopping Center in Bohemia, New York

by Julia Sanders

Bohemia, N.Y. — RIPCO Real Estate has arranged the sale of the 236,000-square-foot Sayville Shopping Plaza in the Long Island hamlet of Bohemia. Tenants include Modell’s Sporting Goods, Bed Bath & Beyond, Chase Bank, Old Navy, The Vitamin Shoppe and Sprint. Jeremy Isaacs of RIPCO represented the seller, Arc Trust, in the transaction. The buyer was Transformco, an entity formed in 2019 to acquire and revamp the assets of Sears Holdings Co.

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Investment salesNew HampshireNews

Torrington Properties Acquires 102,000-Square-Foot Newington Park Shopping Center in New Hampshire

by Julia Sanders

Newington, N.H. — Torrington Properties has acquired Newington Park Shopping Center, a 102,000-square-foot property located in the southern coastal part of New Hampshire, for $13.3 million. The seller, Urstadt Biddle Properties Inc., had owned the 15-acre center since 1979. Torrington Properties purchased the asset in partnership with regional development and investment firm The Mount Vernon Co.

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Town and Country Plaza
FinanceFloridaNews

JLL Secures $26.6 Million Refinancing for Town and Country Plaza in Miami

by Julia Sanders

Miami — JLL has secured a $26.6 million refinancing for Town and Country Plaza, a 94,815-square-foot, fully-occupied shopping center in an infill location in Miami. Chris Drew, Brian Gaswirth and Reid Carleton of JLL secured the 11-year, full-term interest-only loan through The Guardian Life Insurance Co. of America on behalf of the borrower, MMG Equity Partners. Town and Country Plaza is anchored by Sedano’s Supermarket and home to tenants including Sherwin-Williams, Navarro Discount Pharmacy, Goodwill, Express Auto Care and Discount Auto Parts.

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Mark
Company newsNewsOhio

MCG Architecture Announces Partnership with Mark Trommsdorff

by Julia Sanders

Cleveland — MCG Architecture has partnered with Mark Trommsdorff, who will work on Southeast business development for the Cleveland-based design firm. Trommsdorff recently retired from Kimco Realty Corp. where he worked for over 33 years. Over the past 20 years, Trommsdorff has been involved with retail and mixed-use development projects in 20 states, mainly in the Southeast. Trommsdorff’s focus at MCG will be maintaining the firm’s current clients as well as developing new client relationships.

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Hopscotch
CaliforniaLeasingNews

Seven Tenants to Open at West Harbor Mixed-Use Development in Los Angeles

by Julia Sanders

Los Angeles — Seven new tenants are set to open at West Harbor, a 42-acre mixed-use dining and entertainment development along Southern California’s historic LA Waterfront in Los Angeles. New tenants include Yamashiro, a Japanese-fusion restaurant; Mike Hess Brewing, an independent craft brewery; Hopscotch, an art gallery with 17,000 square feet of gallery and lounge space; Poppy + Rose, a restaurant that serves country-inspired brunch food; Sugar Factory, a candy store; an undisclosed Mexican restaurant; and Jay Bird’s Chicken, a Nashville-style hot chicken restaurant. Retail Insite brokered the leasing transactions.

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