Thursday, November 28, 2024
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Katie Sloan

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CaliforniaInvestment salesNews

Madison Marquette Sells 42-Acre Bayfair Center Regional Mall in San Francisco Bay Area

by Katie Sloan

San Leandro, Calif. — An affiliate of Madison Marquette has completed the sale of Bayfair Center, a 42-acre regional mall located adjacent to a BART subway station in San Leandro. B3 and GAW Capital Partners acquired the property for an undisclosed price. Located at 15555 E. 14th St., Bayfair Center was 91 percent leased at the time of sale to tenants including Target, Century Theaters, Macy’s, Kohl’s, Bed Bath & Beyond, Ulta Beauty, Old Navy, 24 Hour Fitness and PetSmart. The property includes one primary mall building and five outparcel buildings …

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Stop-Shop-Abington-Massachusetts
Investment salesMassachusettsNews

Atlantic Capital Brokers $84.2 Million Sale of Three Metro Boston Shopping Centers

by Katie Sloan

Abington, Kingston and Orleans, Mass. — Atlantic Capital Partners, a division of Atlantic Retail, has arranged the $84.2 million sale of three shopping centers located on the southern outskirts of Boston. The properties in Abington, Kingston and Orleans are all anchored by grocers and were collectively 97 percent leased at the time of sale. Justin Smith, Chris Peterson, Sam Koonce, Cole Van Gelder and Ben Starr of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction. 

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DevelopmentGeorgiaNews

NAP Gains County Approval for Redevelopment of Avenue East Cobb Shopping Center in Metro Atlanta

by Katie Sloan

Marietta, Ga. — North American Properties (NAP) has gained unanimous approval from the Cobb County Board of Commissioners for its redevelopment plan of the Avenue East Cobb, an open-air shopping center located in the northeast Atlanta suburb of Marietta. Plans call for a portion of the central building near Kale Me Crazy to be demolished to make way for an 8,000-square-foot area called The Plaza that will be surrounded by restaurants with patios. The Plaza will feature a covered, raised stage for performances; an LED screen for broadcasting live events; …

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Investment salesNewsTexas

JLL Negotiates Sale of 559,457-Square-Foot Glade Parks Town Center in Suburban Dallas

by Katie Sloan

Euless, Texas — JLL has negotiated the sale of Glade Parks Town Center, a 559,457-square-foot retail power center located in the eastern Dallas suburb of Euless. Built in phases between 2014 and 2018, the property houses tenants such as Dick’s Sporting Goods, Total Wine & More, Cinepolis, Ulta Beauty, Belk, Michael’s, HomeGoods, EoS Fitness, First Watch, Hopdoddy, Daiso, Old Navy, Burlington, DSW and Massage Envy. Barry Brown, Chris Gerard, Ryan Shore, Greyson Fewin and Matthew Barge of JLL represented the seller, a joint venture led by Iron Point Partners, in …

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Petco_Bend_Oregon
Investment salesNewsOregon

Hanley Investment Group Completes Break-Up Strategy at Bend River Village in Oregon

by Katie Sloan

Bend, Ore. — Hanley Investment Group Real Estate Advisors has completed the break-up of Bend River Village, a Petco-anchored shopping center located in Bend. Two parcels of buildings at the center were sold for a combined $12.2 million. In the first transaction, a two-tenant retail pad occupied by Aspen Dental and America’s Best Contacts & Eyeglasses was acquired by a private 1031 exchange buyer from Newport Beach, California. The 7,501-square-foot building was sold by a developer based in Sun Valley, Idaho, for $5.4 million. Beau Velten, Jeff Lefko and Bill …

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hhgregg_Boca-Raton
FloridaInvestment salesNews

Katz & Associates Arranges $10.6 Million Sale of Former HHGregg Store in Boca Raton, Florida

by Katie Sloan

Boca Raton, Fla. — Katz & Associates has arranged the $10.6 million sale of a former hhgregg store located at 20841 S. State Road 7 in Boca Raton. CIRE Equity purchased the 41,250-square-foot store from an entity doing business as Pan York Glades LLC. Jon Cashion and Daniel Solomon of Katz & Associates represented the seller in the transaction. EoS Fitness, a retail fitness concept based in Phoenix, will backfill the store, which is situated adjacent to a Burlington and PetSmart.

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Oak-Ridge-Plaza_Orlando
FloridaInvestment salesNews

Marcus & Millichap Brokers $12.3 Million Sale of Oak Ridge Plaza Shopping Center in Orlando

by Katie Sloan

Orlando, Fla. — Marcus & Millichap has brokered sale of Oak Ridge Plaza, a 75,701-square-foot shopping center located at 2332 W. Oak Ridge Road in Orlando. Aloma International Properties Inc. purchased the property from an entity doing business as 2332 West Oak Ridge Road LLC for $12.3 million. Nick Ledvora of Marcus & Millichap’s Orlando office procured the buyer in the transaction. Oak Ridge Plaza was 97 percent leased at the time of sale to 19 tenants, including Family Dollar, Biomat USA, La Familia Pawn, United Temps and Boost Mobile.

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Flamingo-Jones-Plaza
Investment salesNevadaNews

CBRE Arranges $7.9 Million Sale of Two-Property Retail Portfolio in Las Vegas

by Katie Sloan

Las Vegas — CBRE has arranged the $7.9 million sale of a two-property retail portfolio located in Las Vegas. The portfolio spans 17,940 square feet and includes Flamingo Jones Plaza, a 10,712-square-foot, six-tenant retail pad located at the intersection of Flamingo Road and Jones Boulevard; and Tropicana Centre, a 7,228-square-foot, five-tenant retail pad located near the intersection of Tropicana Avenue and Jones Boulevard. Flamingo Jones Plaza was 78 percent leased at the time of sale to tenants including Subway, Marco’s Pizza, Robert James Salon, B&T Nails and Rapid Cash. Tropicana …

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Barnes-Noble
FinanceNewsOregon

BridgeCore Provides $2.6 Million Acquisition Financing for Barnes & Noble Property in Medford, Oregon

by Katie Sloan

Medford, Ore. — BridgeCore Capital has provided $2.6 million in acquisition financing for a Barnes & Noble property in Medford. The fixed-rate financing features a 70 percent loan-to-purchase value and a 12-month term. The undisclosed borrower in the transaction was acting in a 1031 exchange. Further details on the property were undisclosed.

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River-Bridge-Centre
FloridaInvestment salesNews

JLL Arranges $56.5 Million Sale of River Bridge Centre in West Palm Beach

by Katie Sloan

West Palm Beach, Fla. — JLL has arranged the $56.5 million sale of River Bridge Centre, a 229,781-square-foot retail center located in the South Florida community of West Palm Beach. Publix anchors the center, which was 86 percent occupied at the time of sale by tenants including Ross Dress for Less, Crunch Fitness, Five Below, Ace Hardware, Chipotle Mexican Grill, MD Now Urgent Care, Humana and Pizza Hut. Positioned on 28.4 acres at 6714-6868 Forest Hill Blvd., the property was constructed in 1986 and renovated in 2005. Danny Finkle, Eric …

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