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Investment sales

The Learning Experience
FloridaInvestment salesNews

SRS Real Estate Brokers $5.4 Million Sale of Single-Tenant Retail Property in Suburban Orlando

by Abby Cox

Davenport, Fla. — SRS Real Estate Partners has brokered the $5.4 million sale of a single-tenant retail property located in Davenport, roughly 25 miles southwest of Orlando. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 20-year lease with 19 years remaining. The building also features a 5,000-square-foot outdoor play area. Built in 2024, the single-tenant property is situated within a larger retail development along U.S. Highway 27. William Wamble and Patrick Nutt of SRS Capital Markets represented the seller, a national commercial real estate …

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Elmore-Avenue-Shoppes
Investment salesIowaNews

Marcus & Millichap Brokers $2.3 Million Sale of Retail Strip Center in Davenport, Iowa

by Abby Cox

Davenport, Iowa — Marcus & Millichap has brokered the $2.3 million sale of Elmore Avenue Shoppes located in Davenport. The fully occupied, six-unit retail strip center totals 9,835 square feet. Tenants at the property, which was built in 2002, include GameStop, Hungry Hobo, Computer Repair Center, Indy Smoke Time, Novel Nail Time and 100% Chiropractic. Jeff Rowlett of Marcus & Millichap represented the seller, GPH Davenport Retail LLC, in the transaction. Jon Ruzicka was Marcus & Millichap’s broker of record in Iowa.

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Park-Lawn-Plaza
IllinoisInvestment salesNews

Marcus & Millichap Arranges $4.5 Million Sale of Retail Property in Oak Lawn, Illinois

by Abby Cox

Oak Lawn, Ill. — Marcus & Millichap has arranged the $4.5 million sale of Park Lawn Plaza, a 13-suite retail property in the Chicago suburb of Oak Lawn. The property, which was 84 percent occupied at the time of sale, spans 2.5 acres and totals 24,685 square feet. Tenants include Cutting Edge Salon, The Black Oak, Cicero Dental and Athletico Physical Therapy, according to LoopNet Inc. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local real estate investment company. The buyer was a …

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7-Eleven
CaliforniaDevelopmentInvestment salesNews

Hanley Investment Negotiates $3.6 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Yucaipa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property located in Yucaipa, roughly 10 miles east of San Bernardino. Still under construction, the 4,088-square-foot building will be occupied by a 7-Eleven convenience store on a 15-year corporate lease. The retail property is situated within a Stater Bros.-anchored shopping center. Bill Asher and Jeff Lefko of Hanley, along with Jeff Stanley of Lee & Associates, represented the seller, Evergreen Devco, in the transaction. John Hans of Colliers represented the 1031 exchange …

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Summit-Fair
Investment salesMissouriNews

Block & Co. Buys 510,000-Square-Foot Summit Fair Lifestyle Center in Suburban Kansas City

by Abby Cox

Lee’s Summit, Mo. — Block & Co. Inc. Realtors has purchased Summit Fair, a lifestyle center in the Kansas City suburb of Lee’s Summit. Totaling roughly 510,000 square feet, the property is approximately 90 percent leased. Tenants include Dick’s Sporting Goods, H&M, Lululemon, Made in KC Marketplace, Craft Putt, Orangetheory, Pure Barre, Chick-fil-A, DSW, McAlister’s Deli, JC Penney and Missouri Furniture Mart. Sephora and LoveSac are slated to open soon at the center. Block & Co. intends to introduce community-focused events and expand the tenant mix at Summit Fair. The …

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Walmart
IllinoisInvestment salesNews

Marcus & Millichap Brokers $12.5 Million Sale of Walmart-Occupied Retail Property in Metro Chicago

by Abby Cox

Rolling Meadows, Ill. — Marcus & Millichap has brokered the $12.5 million sale of a 130,200-square-foot retail property occupied by Walmart in the Chicago suburb of Rolling Meadows. Built in 2000 and renovated in 2016, the single-tenant property sits on 9.8 acres. Walmart, which recently signed a long-term lease extension with an absolute net structure backed by a corporate guarantee, has occupied the space for nearly 25 years. Ashish Vakhariya, Seth Haron, Darin Gross and Steven Weinstock of Marcus & Millichap represented the private equity fund seller and procured the …

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Cross-Creek-Plaza
Investment salesNewsTexas

STRIVE Negotiates Sale of 16,963-Square-Foot Retail Strip Center in Metro Houston

by Abby Cox

Fulshear, Texas — STRIVE has negotiated the sale of Cross Creek Plaza, a 16,963-square-foot retail strip center in Fulshear, a western suburb of Houston. The center was built in 2024 and is located at the entrance of the Cross Creek Ranch master-planned community. Cross Creek Plaza was fully leased at the time of sale to tenants including Five Guys, Cold Stone Creamery and Floreo Nail Spa. Jake Dutson of STRIVE represented the seller, a local developer, in the transaction. John Kourafas of Visintainer Group represented the buyer.

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Deerbrook-Shopping-Center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 428,612-Square-Foot Deerbrook Shopping Center in Metro Chicago

by Abby Cox

Deerfield, Ill. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a 428,612-square-foot open-air center located in Deerfield, approximately 28 miles north of downtown Chicago. The purchase price was $44 million, according to several media sources. The property spans 47.5 acres and is anchored by Jewel-Osco. Additional tenants include Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks Coffee, Panera Bread, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor, …

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Five-Points-Plaza-Riverside-CA
CaliforniaGrocery-anchoredInvestment salesNews

Longpoint Acquires 129,699-Square-Foot Five Points Plaza in Riverside, California, for $31 Million

by Abby Cox

Riverside, Calif. — Longpoint has acquired Five Points Plaza, a 129,699-square-foot retail center located in Riverside, for $31 million. Stater Bros. anchors the property, which features a mix of additional tenants including Del Taco, Jack in the Box and Dollar Tree. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the buyer in the transaction. The seller was a private family who is the original developer of the center.

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74785-Highway-111-Indian-Wells-CA
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $10.5 Million Sale of Indian Wells Medical & Professional Center in California

by Abby Cox

Indian Wells, Calif. — Progressive Real Estate Partners has brokered the $10.5 million sale of Indian Wells Medical & Professional Center in Indian Wells. Built in 1996, the two-story property offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, Miami-based Kresher Capital, in the transaction. The buyer, Orange County, California-based Circle Vision, was self-represented.

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