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Julia Sanders

Hobby Lobby
Investment salesMinnesotaNews

PEBB Enterprises Sells Hobby Lobby-Leased Store in West St. Paul, Minnesota for $6.4 Million

by Julia Sanders

West St. Paul, Minn. — PEBB Enterprises has sold the Hobby Lobby-anchored center in West St. Paul for $6.4 million. Located on four acres at 1660 S. Robert St., the 61,712-square-foot building was originally constructed in 1982 and renovated in 2015. Hobby Lobby occupies the building under a sublease agreement, and the store is located close to Super Target, Walmart and Lowe’s Home Improvement. A San Diego-based entity doing business as Mesa Shopping Centers LLC is the buyer. Minneapolis-based Upland Real Estate Group marketed the property for sale on behalf …

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Winn Dixie
FloridaInvestment salesNews

SRS Brokers $4.8 Million Sale of Winn-Dixie-Anchored Property in High Springs, Florida

by Julia Sanders

High Springs, Fla. — SRS Real Estate Partners has brokered the $4.8 million sale of a single-tenant grocery property located at 20303 N US Highway 441 in High Springs, a suburb of Gainesville. The tenant, Winn-Dixie, has more than 27 years of lease remaining at the location. The Winn-Dixie is part of a 57,850-square-foot shopping center. Built in 1985 on 5.2 acres, the tenant roster includes Bealls Outlet, Advance Auto Parts and Cricket Wireless, none of which were part of the sale. The seller, an entity doing business as H&R …

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Winwood Town Center
Investment salesNewsTexas

JLL Negotiates Sale of 365,559-Square-Foot Winwood Town Center in Odessa, Texas

by Julia Sanders

Odessa, Texas — JLL has negotiated the sale of Winwood Town Center, a 365,559-square-foot regional shopping center located in the West Texas city of Odessa. The property sits on 40.4 acres and was 100 percent leased at the time of sale. Tenants include regional grocer H-E-B, Target, Ross Dress for Less, dd’s Discounts, Office Depot and Michaels. Restaurant users include Chick-fil-A, Jack in the Box and Taco Bell. Chris Gerard, Ryan Shore and Barry Brown of JLL represented the seller, Brixmor Property Group, in the transaction. Colby Mueck, Ryan West …

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FloridaInvestment salesNews

Orion Real Estate Group, Limestone Asset Management Purchase 14-Property Walgreens Portfolio for $62.2 Million

by Julia Sanders

Miami — Orion Real Estate Group, via a joint venture with Miami-based Limestone Asset Management, has purchased a portfolio of retail properties leased to Walgreens for approximately $62.2 million. The portfolio includes 14 locations throughout the United States. Wells Fargo is providing acquisition financing. Kevin Sanz of Orion Real Estate Group led the buyer group. Brian Pfohl and Maury Vanden Eykel of CBRE represented the seller, Walgreens. This closing follows Limestone and Orion’s purchase of on an additional Walgreens portfolio for $133 million in June. The June portfolio encompasses 27 …

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Whitehall Plaza
IndianaInvestment salesNews

First National Realty Partners Acquires 62,426-Square-Foot Kroger-Anchored Shopping Center in Bloomington, Indiana

by Julia Sanders

Bloomington, Ind. — First National Realty Partners has acquired Whitehall Plaza, a grocery-anchored center in Bloomington. Anchored by a 62,426-square-foot Kroger store, the shopping center spans a total of 172,485 square feet. The property, located at 500 South Liberty Drive, is 92 percent occupied. Additional tenants include Planet Fitness, JoAnn, Regions Bank and Freddy’s Frozen Custard and Steakburgers. The seller and sales price were not disclosed.

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Jiffy Lube
Investment salesNewsWashington

Marcus & Millichap Brokers $7.9 Million Purchase of Jiffy Lube Net-Leased Portfolio in Washington

by Julia Sanders

Tukwila, Puyallup and Port Townsend, Wash. — The Leibsohn Group of Marcus & Millichap has arranged the acquisition of a three-property retail portfolio in Tukwila, Puyallup and Port Townsend. A private, Pacific Northwest-based investor acquired the portfolio from an undisclosed seller for $7.9 million. Jiffy Lube occupies each of the properties on a long-term, net-lease basis. Brian Leisbsohn and Raymond Vara of The Leibsohn Group procured and represented the buyer in the deal.

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Davie Plaza
FloridaInvestment salesNews

Franklin Street Arranges $6.3 Million Sale of Davie Plaza Shopping Center in South Florida

by Julia Sanders

Davie, Fla. — Franklin Street has arranged the $6.3 million sale of Davie Plaza, a 24,623-square-foot shopping center located in Davie. Greg Matus and Jonathan De Maa of Franklin Street represented a local private investor in acquiring the property. An entity doing business as Davie Investments LLC was the seller. Located at 7110-7162 Stirling Road in South Florida’s Broward County, Davie Plaza is situated on the corner of Stirling and Davie roads and is surrounded by neighboring retail plazas, as well as several multifamily development projects. The 1970s-era property was …

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DevelopmentNewsTexas

Mesquite City Council Approves Shadow Creek Crossing Retail Project

by Julia Sanders

Mesquite, Texas — The City Council of Mesquite, located east of Dallas, has approved a proposal for the development of a retail project that will be known as Shadow Creek Crossing. Shadow Creek Crossing will be developed on a seven-acre site adjacent to John D. Horn High School that is owned by an entity doing business as LF Gateway LP. At full buildout, Shadow Creek Crossing could span as much as 57,500 leasable square feet across six buildings. A firm construction timeline was not released.

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Marketplace at Westtown
Investment salesNewsPennsylvania

JLL Negotiates $114.2 Million Sale of Grocery-Anchored Retail Portfolio in Metro Philadelphia

by Julia Sanders

Philadelphia — JLL has negotiated the $114.2 million sale of a portfolio of five grocery-anchored retail centers in the Philadelphia area. The properties include Lionville Shopping Center in Lionville, located west of the city; Marketplace at Westtown in West Chester, another western suburb; Spring Towne Center in Sinking Spring on Philadelphia’s northwestern outskirts; Dreshertown Plaza in Dresher, located just inside the northern ring of Interstate 276; and Limerick Crossing in Limerick, another northwestern suburb. The grocery anchor for the first three properties in the portfolio is Giant Food Stores, while …

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GeorgiaInvestment salesNews

Principal Real Estate Investors Sells Kroger-Anchored Retail Center in Metro Atlanta for $20.8 Million

by Julia Sanders

Roswell, Ga. — Principal Real Estate Investors has sold Coleman Village, a 90,981-square-foot, Kroger-anchored shopping center in the suburban Atlanta city of Roswell. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller in the transaction. The Georgetown Co. acquired the property for $20.8 million. Situated on 12.2 acres at 800 Marietta Highway, Coleman Village was 97 percent leased at the time of sale. The tenant roster includes Starbucks, El Porton Mexican Restaurant, Attitude Fitness and Mavis Tire.

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