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.
Highland Creek, N.C. and Ocoee, Fla. — Westwood Financial LLC has acquired Prosperity Village Square and Fountains West, two Publix-anchored shopping centers in the Southeast. Prosperity Village Square was developed in 2016 and is located in the Highland Creek suburb of Charlotte. Fountains West is a neighborhood center located in the western Orlando suburb of Ocoee, Fla. Westwood Financial acquired the centers in a single transaction from one undisclosed, private seller. CBRE acted as lead broker on the deal, the price of which was not disclosed. The Los Angeles-based investor …
Palm Springs, Calif. — Faris Lee Investments has arranged the $23.4 million sale of Gene Autry Plaza, a Smart & Final grocery-anchored property located adjacent to the Palm Springs Airport and Gene Autry Business District in Palm Springs. Don MacLellan & Rick Chichester of Faris Lee Investments represented the seller, Investec Real Estate Cos., and undisclosed buyer in the transaction. The property is 98 percent occupied by a mix of tenants including food, fitness and health operators.
Conyers, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.7 million sale of Conyers Square, a 90,218-square-foot, Kroger-anchored shopping center in Conyers. Zach Taylor and Don McMinn of IPA’s Taylor McMinn Retail Group represented the seller, Sansome LLC, and procured the buyer, Forge Capital Partners. Conyers Square was constructed on 11 acres in 1985. Additional tenants include Sunny’s Beauty Supply, Sapphire Nails, Lendmark Financial and H&R Block.
Canton, Ohio — The Cooper Commercial Investment Group has facilitated the $1 million sale of Pleasantview Commons, a 49 percent occupied, Aldi-anchored center in Canton. Dan Cooper and Bob Havasi of Cooper Commercial represented the seller, a private investment group based in Ohio. A private, Nevada-based investment firm acquired the property in an all-cash transaction.
Victorville, Calif. — BH Properties has signed a lease with Grocery Outlet for a 16,130 square-foot anchor space at Hi Desert Plaza in Victorville. Grocery Outlet is expected to open this summer and will join tenants including DD’s Discounts, Dollar Tree, Aaron’s, Goodwill and Bank of America at the 140,000-square-foot center. Brad Umansky and Paul Su of Progressive Real Estate Partners represented the landlord in the transaction. Townsand Cropsey and Garrett Colburn of SRS Real Estate Partners represented Grocery Outlet.
Sewell, N.J. — JLL has negotiated the sale of Mill Pond Village, a 94,550-square-foot shopping center in Sewell, New Jersey. Grocery store ShopRite anchors the property, which was 98 percent leased at the time of sale to other tenants such as Inspira Health, Orangetheory fitness, Hair Cuttery and AAA. The asset is situated at 380 Egg Harbor Road, 19 miles south of downtown Philadelphia. Jim Galbally, Chris Munley, Jose Cruz, Colin Behr and Steve Simonelli of JLL represented the undisclosed seller in the transaction. Further details of the sale were …
Orlando, Fla. — JLL has negotiated the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot retail property in Orlando. Aldi anchors the site, which was 92 percent leased at the time of sale to tenants including AutoZone, dd’s Discount’s, Aaron’s and Value Pawn. Additionally, the property can be expanded with the addition of a 6,000-square-foot future pad site and drive-thru ATM development opportunity. The asset spans 17 acres and is located at 4649 S. Orange Blossom Trail, four miles south of downtown Orlando. Brad Peterson, Whitaker Leonhardt and Tommy …
Vineland, N.J. — Marcus & Millichap has arranged the sale of Maintree Shopping Center, a 138,445-square-foot retail property located in the Southern New Jersey city of Vineland. The asset sold for $13.1 million. A 60,000-square-foot Acme grocery store anchors the property along with a Dollar Tree store. Kodi Traver, Joseph French Jr., Thomas Dalzell and Mark Taylor of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.
Sewell, N.J. — Sterling Organization, a Florida-based private equity firm, has acquired Mill Pond Village, a 94,550-square-foot, grocery-anchored retail center located in the Southern New Jersey community of Sewell. ShopRite is the anchor grocer at the center, which is located approximately 14 miles outside of Philadelphia. The seller was EDENS, a national retail development firm. Jim Galbally, Chris Munley and Colin Behr of JLL brokered the transaction. The property was 95 percent leased at the time of sale.