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Julia Sanders

Stassney Heights
Investment salesNewsTexas

Newport Capital Acquires 103,030-Square-Foot Shopping Center in Austin, Texas

by Julia Sanders

Austin, Texas — Newport Capital Partners has acquired Stassney Heights on behalf of its Newport Capital Partners Fund III. The 103,030-square-foot, grocery-anchored shopping center is situated on the southwest corner of Stassney Lane and Interstate 35 in Austin. CBRE represented the seller, a Northeast-based retail and industrial investment manager, in the transaction. Newmark secured acquisition financing for the sale through Wintrust Bank. Stassney Heights was 93 percent leased at the time of sale to tenants including anchor Fiesta Mart, Umi Sushi, Castle Dental, T-Mobile and Clinica Hispana.

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Kohls
Investment salesKentuckyNews

Marcus & Millichap Arranges $9.4 Million Sale of Kohl’s Store in Metro Lexington

by Julia Sanders

Nicholasville, Ky. — Marcus & Millichap has arranged the $9.4 million sale of an 82,982-square-foot single-tenant property net-leased to Kohl’s and an adjacent outparcel in Nicholasville, about 12 miles away from Lexington. Jesse Limon of Marcus & Millichap represented the seller, an entity doing business as Man O’War Development LLC No 3. Limon also secured and represented the buyer, InCommercial Inc. Colby Haugness of Marcus & Millichap assisted in closing this transaction.

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PetSmart
Investment salesNewsWashington

Hanley Investment Group Arranges $3.3 Million Purchase of PetSmart-Occupied Retail Property in Union Gap, Washington

by Julia Sanders

Union Gap, Wash. — Hanley Investment Group Real Estate Advisors has brokered the acquisition of a single-tenant retail building located at 1403 E. Washington Ave. in Union Gap. A private investor sold the property to a Southern California-based buyer for $3.3 million. PetSmart occupies the 19,677-square-foot property, which was built in 2000, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley Investment, in association with ParaSell, represented the buyer in the deal.

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South Pasadena Shopping Center
FloridaInvestment salesNews

Branch Properties Sells 165,746-Square-Foot Shopping Center in South Pasadena, Florida

by Julia Sanders

South Pasadena, Fla. — Branch Properties has sold South Pasadena Shopping Center, a 165,746-square-foot shopping center located six miles west of downtown St. Petersburg in South Pasadena. The Walmart Neighborhood Market-anchored center is fully leased to tenants including CVS/pharmacy, Bealls Outlet and Ace Hardware. Saugatuck Commercial Real Estate represented the buyer in the transaction. CBRE negotiated the deal on behalf of the seller, Branch Properties. The seller and terms of the transaction were undisclosed.

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Bed Bath & Beyond
LeasingNew YorkNews

Bed Bath & Beyond Redesigns and Transforms Flagship Store in New York City

by Julia Sanders

Union, N.J. — Bed Bath & Beyond is reopening its flagship store in New York City after undergoing a complete transformation since last December to modernize the in-store shopping experience. The renovated 92,000-square-foot flagship, located at 620 6th Ave. in Chelsea, is an expression of the new Bed Bath & Beyond in the $180 billion home market. With open sightlines and improved layout, in-store digital shopping tools through the Bed Bath & Beyond mobile app and a collection of Owned Brands and national brands for every room of the home, …

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Athens West
GeorgiaInvestment salesNews

SRS Brokers Sale of 178,930-Square-Foot Shopping Center in Athens, Georgia

by Julia Sanders

Athens, Ga. — SRS has brokered the sale of Athens West, a 178,930-square-foot shopping center in Athens anchored by Big Lots, America’s Thrift, American Freight, BioLife and Citi Trends. SomeraRoad sold the property for $16 million to Trinity Apex LLC. Kyle Stonis and Pierce Mayson of SRS represented the seller, and the buyer was self-represented in the transaction. Additional tenants at the property include Anytime Fitness, CiCi’s Pizza, Metro PCS, H&R Block, Direct Insurance and Domino’s Pizza.

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Planet Fitness
Investment salesNewsOhio

Next Realty Acquires 67,000-Square-Foot Retail Center in Cincinnati

by Julia Sanders

Cincinnati — An affiliate of Next Realty LLC has acquired the Kings Automall Shopping Center, a 67,000-square-foot retail center in Cincinnati. The property is home to tenants such as Planet Fitness, Mirage Restaurant, Play it Again Sports, Salon Concepts, Penn Station, LensCrafters, Samarkand Food Market, Kings Ford, Queens Nails and Your CBD Store. There is currently one 1,400-square-foot vacancy. The acquisition marks Next’s first purchase in Cincinnati. The seller and sales price were not disclosed.

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Investment salesMassachusettsNews

Horvath & Tremblay Negotiates $11 Million Sale of Metro Boston Retail Property Leased to Walgreens

by Julia Sanders

Woburn, Mass. — Horvath & Tremblay has negotiated the $11 million sale of a 10,646-square-foot, newly built retail property in the northern Boston suburb of Woburn. Walgreens occupies the property and has 14 years remaining on its lease. Peter Butler and Brendan Conway of Horvath & Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Planet Fitness
ArizonaInvestment salesNews

Marcus & Millichap Arranges $4.8 Million Sale of Planet Fitness-Occupied Property in Tucson

by Julia Sanders

Tucson, Ariz. — Marcus & Millichap has brokered the sale of a 25,000-square-foot property occupied by Planet Fitness within Tucson Spectrum shopping center in Tucson. A limited liability company acquired the property from another limited liability company for $4.8 million. Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the transaction.

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Caliber Car Wash
FloridaInvestment salesNews

RealSource Arranges $4 Million Sale of Caliber Car Wash in Winter Park, Florida

by Julia Sanders

Winter Park, Fla. — RealSource Group has arranged the $4 million sale of a newly built, single-tenant property occupied by Caliber Car Wash at 6750 Aloma Ave. in Winter Park. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, a developer based in Tampa, Florida, in the off-market transaction. Jeff Lefko of Hanley Investment Group represented the buyer, a private investor based in Southern California. The 3,000-square-foot Caliber Car Wash occupied the property under an absolute triple-net, 20-year lease.

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