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Julia Sanders

Westminster Crossings
ColoradoInvestment salesNews

Cushman & Wakefield Negotiates $9.8 Million Sale of Three-Building Retail Portfolio in Westminster, Colorado

by Julia Sanders

Westminster, Colo. — Cushman & Wakefield has arranged the sale of a retail portfolio comprising three inline shop buildings located within Westminster Crossings shopping center in Westminster. Coco’s Place acquired the asset from Centre Point Properties for $9.8 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant property was 100 percent leased to a mix of regional and national tenants. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield’s Capital Markets team in Denver represented the seller in the deal.

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Ashland Junction
Investment salesNewsVirginia

Palomar Group Brokers $8.1 Million Sale of Ashland Junction Retail Property in Metro Richmond

by Julia Sanders

Ashland, Va. — The Palomar Group has brokered the sale of Ashland Junction, a 141,701-square-foot retail property located roughly 18 miles outside Richmond in Ashland, to Peck Properties. Phillips Edison & Co. sold the center for $8.1 million. Ryan McArdle, Steve Collins and David Rivers of Palomar brokered the transaction. The property, which was built in 1989, was 92 percent occupied at the time of sale by tenants including Roses, Anytime Fitness, CVS/pharmacy and Food Lion.

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Investment salesMinnesotaNews

Upland Negotiates $6.3 Million Sale of Hobby Lobby-Occupied Property in West St. Paul

by Julia Sanders

West St. Paul, Minn. — Upland Real Estate Group’s net lease team has negotiated the sale of a Hobby Lobby-occupied property in West St. Paul for $6.3 million. Deborah Vannelli, Keith Sturm and Amanda Leathers of Upland represented the undisclosed seller in the transaction. The property sold to a California-based buyer.

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Centerpoint Drive
CaliforniaInvestment salesNews

Argent Retail Advisors Arranges $4.8 Million Sale of Single-Tenant Retail Property in Moreno Valley, California

by Julia Sanders

Moreno Valley, Calif. — Argent Retail Advisors has arranged the sale of a single-tenant property formerly occupied by Acapulco restaurant at 12569 Centerpoint Drive in Moreno Valley. The property, which was vacant at the time of the sale, sold for $4.8 million in an all-cash transaction. The building is situated just off the 60 freeway at the intersection of Frederick St. and Sunnymead Boulevard. Terry Bortnick of Argent Retail Advisors represented the seller, Brixton Alto Shopping Center LLC, in the transaction.

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Sunset Plaza Mall
Investment salesNebraskaNews

Avison Young Brokers $4.5 Million Sale of Shopping Mall in Norfolk, Nebraska

by Julia Sanders

Norfolk, Neb. — Avison Young has brokered the $4.5 million sale of Sunset Plaza Mall in Norfolk, a city in northeast Nebraska. The 232,347-square-foot shopping center is located at 1700 Market Lane. The property was lender-owned and was roughly 48 percent occupied at close of escrow. Built in 1968 and renovated in 1994, the mall sits on 31 acres and features a mix of 30 regional and national tenants, including JC Penney, Bath & Body Works, Famous Footwear and GNC. Chris Maling and David Maling of Avison Young represented the …

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Fenton
LeasingNewsNorth Carolina

Hines, Columbia Add Four Retailers to Tenant Lineup at 69-Acre Fenton Development in Cary, North Carolina

by Julia Sanders

Cary, N.C. — Hines and Columbia Development have signed four new tenants at Fenton, a 69-acre mixed-use project currently under construction in Cary. Williams Sonoma, Pottery Barn, Athleta and Von Kekel Aveda Lifestyle Salon Spa are set to open in April 2022. Williams Sonoma will occupy a 5,504-square-foot space; Pottery Barn is set to open a 13,910-square-foot store; and Athleta will occupy a 3,825-square-foot space. In total, the first phase of the Fenton development will deliver 345,000 square feet of shops, restaurants and entertainment space. Other retail tenants set to …

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Planet Fitness
LeasingNew JerseyNews

R.J. Brunelli Negotiates Planet Fitness, Wingstop Leases in Toms River, New Jersey

by Julia Sanders

Toms River, N.J. — R.J. Brunelli & Co. LLC has negotiated leases with Planet Fitness and Wingstop at Toms River Shopping Center, a 253,000-square-foot property located in Toms River. Both tenants are expected to open during the third quarter of 2021. Planet Fitness will co-anchor the shopping center with Kohl’s and will take over 17,867 square feet of space that was previously occupied by Modell’s. Wingstop will occupy a 1,500-square-foot inline space formerly occupied by Liberty Travel. Danielle Brunelli of R.J. Brunelli & Co. represented the property owner in both …

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Stonebridge Square
GeorgiaInvestment salesNews

Saglo Acquires 160,391-Square-Foot Shopping Center in Suburban Atlanta

by Julia Sanders

Roswell, Ga. — Saglo Development Corp. has acquired Stonebridge Square, a 160,391-square-foot shopping center located at 620 West Crossville Road in the Atlanta suburb of Roswell. Saglo purchased the 18.6-acre property through its investment entity Stonebridge SDC LLC from an affiliate of RCG Ventures and its New York City-based joint venture partner. Adam Lustig of Bilzin Sumberg represented the buyer and Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the sellers in the transaction. First Horizon Bank provided financing for the acquisition. Kohl’s and Michaels anchor Stonebridge Square, …

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Mark Toro
Company newsGeorgiaNews

Former North American Properties Executive Mark Toro Launches Toro Development Co.

by Julia Sanders

Atlanta — Mark Toro, who formerly led North American Properties’ (NAP) Atlanta division, is launching Toro Development Co. This company will be aimed at acquiring outdated sites such as dead malls and transforming them into better mixed-use properties. The firm is not just focused on enclosed malls, but also suburban office parks, shopping centers and industrial sites. John Kelley, Richard Munger and Vicky Boyce are joining Toro’s development team as partners. The trio all played a role in ground-up and redevelopment projects at NAP, including Avalon, Atlantic Station, Colony Square …

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Investment salesNewsOhio

JLL Brokers Sale of 474,000-Square-Foot Power Center in Suburban Cleveland

by Julia Sanders

Fairview Park, Ohio — JLL Capital Markets has brokered the sale of Westgate Shopping Center, a 474,000-square-foot power center located in the Cleveland suburb of Fairview Park. The center is home to tenants including Target, Marshalls, EarthFare, Petco, Five Below, Kohl’s, Ulta Beauty, Lowe’s, Chick-fil-A, Longhorn Steakhouse, Buffalo Wild Wings, Starbucks Coffee and Five Guys. Clinton Mitchell, Amy Sands, Kirstey Lein and Bill Poffenberger of JLL represented the seller, IRC Retail Centers/DRA Advisors, in the disposition of the property to R.H. Johnson Co.

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