West Haverstraw, N.Y. — JLL Capital Markets has brokered the $26.5 million sale of Samsondale Plaza, a 156,185-square-foot retail center located in the Rockland County community of West Haverstraw. Stop & Shop anchors the property, which was 91 percent leased at the time of sale to tenants including the New York State Department of Motor Vehicles, Dollar Tree, Advance Auto, Sports Clips, Sally Beauty Supply and Mandee. Jose Cruz, J.B. Bruno, Steve Simonelli, Michael Oliver, Kevin O’Hearn, Austin Pierce and Andrew Scandalios of JLL represented the seller, a joint venture …
Yulee, Fla. — Sleiman Enterprises has broken ground on Crossings at Wildlight, a Publix-anchored shopping center located roughly 25 miles outside Jacksonville in Yulee. The retail center will offer the first grocery store in the community. Designed by Cuhaci & Peterson, the 90,000-square-foot project will include five single- or multi-tenant buildings and up to three outparcels. Sleiman is planning a grand opening for spring 2022. The shopping center will serve as a retail component within Wildlight, a master-planned development in Nassau County by Raydient Places + Properties.
Alpharetta, Ga. — Hanley Investment Group Real Estate Advisors has arranged the $24.6 million sale of Alpharetta Commons, a 94,500-square-foot shopping center located in the Atlanta suburb of Alpharetta. Publix anchors the property, which is 98.7 percent occupied by tenants including Sports Clips, T-Mobile, a nail salon, dry cleaners, a liquor store and food and beverage outlets. Ed Hanley and Kevin Fryman of Hanley Investment Group, along with ParaSell Inc., represented the 1031 exchange buyer, a private investor based in Southern California. Chris Decouflé, Kevin Hurley and Matt Karempelis of …
Tucker, GA. — JLL Capital Markets has arranged the $20 million sale of Cofer Crossing, a 136,139-square-foot shopping center located 20 miles outside Atlanta in Tucker. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller, a partnership between SITE Centers Corp. and Madison International Realty. A private buyer based in Ontario, California, acquired the asset in a 1031 exchange and was represented by Hanley Investment Group’s Ed Hanley and Kevin Fryman, along with ParaSell Inc. Kroger and HomeGoods anchor the fully leased center.
Bonita Springs, Fla. — Cushman & Wakefield has arranged the sale of the Center of Bonita Springs, a 281,394-square-foot shopping center located in Bonita Springs. Adam Feinstein, Mitchell Halpern and Mark Gilbert of Cushman & Wakefield represented the undisclosed sellers in the transaction. Publix anchors the center, which is 90 percent leased to tenants including Beall’s Outlet/Home Centric, Old Time Pottery, Naples Community Hospital and Crunch Fitness. The buyer and terms of the transaction were undisclosed.
Henderson, N.C. — Marcus & Millichap has brokered the $7.2 million sale of a Food Lion-anchored, 182,646-square-foot shopping center located in Henderson. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a limited liability company. The duo also represented the buyer, a limited liability company.
Gulf Breeze, Fla. — JLL Capital Markets has arranged the $19.9 million sale of Tiger Point Pavilion, a 66,279-square-foot shopping center anchored by Publix in the Pensacola-area community of Gulf Breeze. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, a joint venture between MAB American and DRA Advisors. ExchangeRight was the buyer. Completed in 2018, the 98 percent-leased center is home to tenants including Aspen Dental, AT&T, Dickey’s Barbeque, Great Clips and Select Physical Therapy. With an attached drive-thru pharmacy, Publix Supermarkets and the adjacent liquor …
Santa Ana, Calif. — Stream Realty Partners has acquired a grocery-anchored shopping center located at 2360 N. Tustin Ave. in Santa Ana. Previously owned by two private owners for 50 years, Stream purchased both the leasehold interest and the fee simple. Stater Bros. Markets has been a tenant since the property’s completion. Additionally, Stream acquired the 0.78 acres of adjacent land, which currently features two residential units, for future development. As a result of the transaction, Stater Bros. has renewed its 25,587-square-foot lease and Del Taco renewed its 1,859-square-foot lease …
Atlanta — Publix will occupy a 42,514-square-foot space within the second phase of The Interlock, a mixed-use development underway at the intersection of Ethel Street and Northside Drive in Atlanta’s West Midtown district. Demolition for the site will begin in May and vertical construction is expected to begin during fall 2022. S.J. Collins Enterprises is the landlord. Phase I of The Interlock is a nine-acre, mixed-use property located at 1115 Howell Mill Road N.W. The development includes 200,000 square feet of office space; 105,000 square feet of retail and restaurant …
Mount Gilead, Ohio — Marcus & Millichap has arranged the $3.4 million sale of a 51,443-square-foot property occupied by Kroger in Mount Gilead, about 40 miles northeast of Columbus. The property is located at 555 W. Marion St. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the buyer, a publicly traded REIT. Seller information was undisclosed.