Rancho Cucamonga, Calif. — Marcus & Millichap has arranged a $19 million loan through its affiliate, BA Debt Fund LLC, to refinance a shopping center located in Rancho Cucamonga. Bolour Associates provided the loan. The 106,000-square-foot property — which was 99 percent leased at the time of financing — is anchored by a Smart & Final grocery store. Preston Davey of Marcus & Millichap arranged the loan on behalf of the borrower.
Riverdale Park, Md. — First Washington Realty has acquired a 163,000-square-foot shopping center in the Washington, D.C. suburb of Riverdale Park. The shopping center, which is situated within the mixed-use district of The Station at Riverdale Park, is anchored by Whole Foods Market. Additional tenants at the shopping center include Burton’s Grill, Starbucks Coffee, Gold’s Gym and Jersey Mike’s. Amrit Chase negotiated the transaction on behalf of First Washington Realty on an internal basis.
Newtown and Bensalem, Pa. — Marcus & Millichap has brokered the sale of two retail centers in Pennsylvania totaling 122,365 square feet. The properties include Goodnoe’s Corner in Newtown and Village Center in Bensalem. Goodnoe’s Corner — originally built in 2008 — totals 34,660 square feet. Tenants at the property include AT&T Wireless, Madison Dental, Jule’s Thin Crust, Firstrust Bank, Apple Cleaners and Green Parrot Restaurant. Originally constructed in 1976 and renovated in 1999, Village Center is anchored by Acme Markets and comprises 87,705 square feet. Other tenants at the …
Grand Rapids, Mich. — One-stop shopping concept Meijer will open three new supercenters in Northeast Ohio. The 159,000-square-foot stores will be located in Austintown, Medina and Richmond Heights, bringing the Michigan-based retailer’s store count to 58 in the state. The supercenters will offer customers fresh produce, bakery, meat, seafood and deli departments, a garden center and home goods section, as well as a full-service pharmacy. Additionally, a Meijer Express gas station will open adjacent to the Austintown location on April 10. The new supercenter locations are scheduled to open May …
Albuquerque, N.M. — Faris Lee Investments has brokered the $24.9 million sale of Pavilions at San Mateo, a 148,749-square-foot retail center in Albuquerque. Originally built in 1997, the center is 92 percent leased and anchored by Walmart Neighborhood Market. Additional tenants at the property include Old Navy, Shoe Dept., Dollar Tree, Einstein Bros. Bagels, Supercuts and Orangetheory Fitness. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the buyer, Las Vegas-based Rhino Investments Group, in the transaction.
Monrovia, Calif. — Newport Beach, California-based Westar Associates has sold Foothill Park Plaza, a 96,390-square-foot shopping center located in Monrovia, approximately 15 miles northeast of Los Angeles. The center — which was developed in 1985 — is anchored by Vons Supermarket. Other tenants at the property include Chase Bank, Wendy’s, Blaze Pizza, Baskin-Robbins and See’s Candles. Pete Bethea, Rob Ippolito and Glen Rudy of Newmark represented Westar Associates in the transaction. Phillips Edison & Company was the buyer. Westar Associated has owned, leased and managed Foothill Park Plaza for the last …
Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …
Fitchburg, Wi. — Mid-America Real Estate Corp. has brokered the sale of Hatchery Hill Towne Center, an 85,880-square-foot retail property located in the Madison suburb of Fitchburg. The center — which was fully leased at the time of sale — is shadow-anchored by Pick ‘n Save. Additional tenants at the property include Panera Bread, Verizon Wireless, Cold Stone Creamery, MOD Pizza, Great Dane Pub & Brewing Co., Anytime Fitness, Kim’s Nails and Tabby & Jack’s Pet Supplies. Rick Drogosz and Dan Rosenfeld of Mid-America Real Estate Corp. represented the seller, …
Bensalem, Pa. — JLL Capital Markets has facilitated the sale of Bensalem Shopping Center, a 109,057-square-foot retail center in Bensalem, roughly 19 miles north of Philadelphia. The buyer and sales price were undisclosed. Built in 1972, the center is situated on approximately 9 acres. The property — which was fully leased at the time of sale — is anchored by Indian supermarket chain Patel Brothers. Additional tenants at the center include Dollar General, Advance Auto Parts and Unlimited PCS. Jim Galbally and Patrick Higgins of JLL Capital Market’s Investment and …
Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.
