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Katie Sloan

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Investment salesNewsWashington

Sterling Realty Sells Lynnwood Crossroads Shopping Center Located Outside Seattle for $45 Million

by Katie Sloan

Lynnwood, Wash. — Sterling Realty Organization has sold Lynnwood Crossroads, a grocery-anchored shopping center located roughly 16 miles north of Seattle in Lynnwood, for $45 million. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark represented the buyer, Sakioka Farms, in the all-cash 1031 exchange transaction. Billy Sleeth and Paul Sleeth, also of Newmark, represented the seller. The 103,141-square-foot property was fully occupied at the time of sale by tenants including Sprouts Farmers Market, LA Fitness, Starbucks Coffee, Jersey Mike’s Subs, Five Guys, The Joint Chiropractic, Great Clips and Qdoba.

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Osceola-Village_Publix_Kissimmee
FloridaInvestment salesNews

Publix Super Markets Acquires Osceola Village Shopping Center in Suburban Orlando for $36.1 Million

by Katie Sloan

Kissimmee, Fla. — Publix Super Markets has purchased Osceola Village, a 121,445-square-foot shopping center located at 3040 Dyer Blvd. in Kissimmee, a suburb of Orlando. East Coast Acquisitions sold the Publix-anchored property for $36.1 million. Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer. Built in 2008 and renovated in 2022, Osceola Village was fully leased at the time of sale to tenants including Metro Diner, Insight Credit Union, Orlando Health, DaVita Dialysis and Goodwill, which recently entered a new 15-year lease. 

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Investment salesNebraskaNews

Investors Realty Arranges $21.4 Million Sale of Retail Property in Omaha, Nebraska

by Katie Sloan

Omaha, Neb. — Investors Realty has arranged the $21.4 million sale of a 123,664-square-foot retail property in Omaha. Located at the intersection of 72nd and Pacific streets, the asset is home to Aldi, Cavender’s and Kohl’s. Ember Grummons of Investors Realty represented the seller, NewStreet Properties. Jason Taylor of Equity Management Group represented the buyer, Caller Properties.

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Investment salesMarylandNews

Cushman & Wakefield Brokers Sale of 125,245-Square-Foot Shopping Center in Metro Washington, D.C.

by Katie Sloan

Takoma Park, Md. — Cushman & Wakefield has brokered the sale of Takoma Langley Crossroads, a 125,245-square-foot, grocery-anchored shopping center in Takoma Park, roughly six miles north of Washington, D.C. Granite Canyon Partners purchased the grocery-anchored center for an undisclosed price. Cushman & Wakefield’s John Owendoff represented the unnamed seller in the transaction. The recently renovated shopping center was nearly fully leased at the time of sale to tenants including Aldi, Walgreens, Citibank, Taco Bell and 7-Eleven. Situated on nearly 10 acres at the intersection of University Boulevard and New Hampshire …

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DevelopmentNewsUtah

CenterCal Properties Completes 1 Million-Square-Foot Mountain View Village in Metro Salt Lake City

by Katie Sloan

Riverton, Utah — CenterCal Properties has completed the final phase of development at Mountain View Village, a 1 million-square-foot mixed-use property located in Riverton, roughly 20 miles south of Salt Lake City. Construction began on Phase I of the 86-acre development in 2018. In total, the property features retail space with over 50 entertainment, health, beauty, apparel, grocery and restaurant tenants; 177,000 square feet of office space; Village Lofts, a 208-unit multifamily community; a 14-screen Cinemark Theatre; and outdoor gathering spaces with a show fountain, five pocket-parks and a covered town …

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publix-at-gunn-battle
GeorgiaGrocery-anchoredInvestment salesNews

Garner Group Sells Publix-Anchored Shopping Center in Central Georgia for $12 Million

by Katie Sloan

Warner Robins, Ga. — Garner Group has sold Publix at Gunn Battle, an 80,675-square-foot shopping center located in the central Georgia community of Warner Robins. Publix anchors the property, which was 93 percent occupied at the time of sale. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the seller in the disposition of the center to a joint venture between Forge Capital Partners and The Sembler Co. The property was developed in 2010 and is located at 6015 Watson Blvd.

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CaliforniaInvestment salesNews

Hanley Investment Group Brokers $5 Million Sale of Two-Tenant Outparcel in Palm Desert, California

by Katie Sloan

Palm Desert, Calif. — Hanley Investment Group has arranged the sale of a two-tenant outparcel property located at 72306 Highway 111 in Palm Desert. Newport Beach-based Sage Investco sold the asset to a Salt Lake City-based private investor for $5 million. Mattress Firm occupies 3,800 square feet and Club Champion occupies 3,016 square feet at the asset on a net-leased basis. The property is an outparcel to a Walmart Neighborhood Market. Eric Wohl and CJ Kiehler of Hanley Investment Group represented the buyer and seller in the deal.

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LeasingNewsPennsylvania

Whole Foods Market Opens 54,667-Square-Foot Store in Pittsburgh’s East Liberty Area

by Katie Sloan

Pittsburgh — Whole Foods Market has opened a 54,667-square-foot store at 5700 Penn Ave. in Pittsburgh’s East Liberty neighborhood. The store will feature full-service meat and seafood counters, an artisanal cheesemaking department, coffee bar, prepared foods section and a selection of more than 250 craft beers and 700 wines. The store, which is a relocation of a market at 5880 Centre Ave. that served the community for more than 20 years, officially opened on Wednesday, Aug. 10.

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Ann-Smith
Company newsIllinoisNews

Ann Smith Joins Cullinan Properties as Senior Vice President, Director of Leasing and Marketing

by Katie Sloan

East Peoria, Ill. — Cullinan Properties has hired Ann Smith as senior vice president and director of leasing and marketing. In her new role, Smith will direct all aspects of the East Peoria, Illinois-based company’s leasing and marketing, including lease negotiations, portfolio merchandising, tenant relationships, marketing efforts and corporate branding strategy. Prior to joining Cullinan, Smith spent 18 years in various leasing and tenant coordination roles at Retail Properties of America (RPAI) and Kite Property Group. “We’re excited for Ann to join Cullinan Properties as she brings unmatched leasing experience and …

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Scheels
DevelopmentNewsNorth Dakota

Kraus-Anderson Completes Scheels Store at Dakota Square Mall in North Dakota

by Katie Sloan

Minot, N.D. — Kraus-Anderson has completed construction of a 110,000-square-foot Scheels store at Dakota Square Mall in Minot. Designed by R.L. Engrebretson Architecture, the $20.6 million project involved the remodeling of an 85,000-square-foot former Sears store combined with a 25,000-square-foot space for a conference room, classroom and offices. The store offers a selection of sports gear, clothing and shoes. Shoppers can also enjoy Ginna’s Café, which serves soups, sandwiches and coffee, and Fuzziwig’s Candy Factory, which sells homemade fudge.

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