Irvine, Calif. — Faris Lee Investments has completed the sales of three newly constructed, single-tenant properties triple-net leased by CVS Pharmacy. The transactions were sold for a total of $17 million.
Sevierville, Tenn. — RealtyLink LLC, Vannoy Construction and architect Cor3 Design, have announced the groundbreaking of the $25 million River Landing project, a 175,000-square-foot planned shopping center located in Sevierville.
Summerville, S.C. — Marcus & Millichap (NYSE: MMI), a commercial real estate investment services firm, has brokered the sale of Shoppes at Azalea, a seven-tenant retail building totaling 11,966-square feet in Summerville.
CINCINNATI — Phillips Edison Grocery REIT II has acquired three properties, expanding its portfolio in Ohio and Minnesota and acquiring its first shopping center in Maryland.
Amelia, Ohio — NorthMarq Capital has secured $4.5 million in financing for Pierce Town Center, a 50,000-square-foot retail property located in Amelia.
Fort Worth, Texas —Tyler’s will open a 17,274-square-foot store at the Trademark Property Co.’s WestBend mixed-use development in Fort Worth’s University District. Slated to open in early 2016, the regional retailer will bring athletic, lifestyle and collegiate apparel, footwear, eyewear and accessories to WestBend. It’s the company’s first location in Fort Worth and seventh statewide.
Plymouth, Minn. — Mid-America Real Estate Corporation’s has brokered the sale of Waterford Park Plaza in Plymouth. Cincinnati-based Phillips Edison purchased the 127,586-square-foot grocery-anchored center for $19.5 million from Plymouth-based Provident Real Estate Ventures LLC.
Palm Springs, Calif. — La Jolla-based development company Ramsey Real Estate Group has sold The Shops at Palm Springs Marketplace in Palm Springs for $3.15 million. Harcourts & Freeman represented the buyer, Huntington Beach Partnership.
GLENDALE, COLO. — The city of Glendale has unveiled plans for a $175 million, 42-acre mixed-use development five miles southeast of downtown Denver to be named Glendale 180.
Columbus, Ga. — CBRE’s Atlanta office has finalized the sale of St. Francis Marketplace Shopping Center in Columbus. Craig Taylor, senior vice president within CBRE’s investment properties retail group, represented Ziff Properties of Charleston, S.C., in the purchase of the property from Woodruff Real Estate.