Investment sales

110-High-Ridge-Road-Stamford
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Negotiates Sale of 153,416-Square-Foot Shopping Center in Stamford, Connecticut

by Abby Cox

Stamford, Conn. — CBRE has negotiated the sale of a 153,416-square-foot shopping center located in the southern coastal Connecticut city of Stamford. Whole Foods Market and Saks OFF Fifth anchor the center at 110 High Ridge Road, which is a redevelopment of a former Lord & Taylor department store into a multi-tenant center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, HBS Global Properties, in the transaction. The trio also procured the buyer, an entity doing business as 110 High Ridge Road LLC.

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Brentwood-Square
Investment salesNebraskaNews

Investors Realty Arranges $9 Million Sale of Brentwood Square Shopping Center in Omaha, Nebraska

by Abby Cox

Omaha, Neb. — Investors Realty Inc. has arranged the $9 million sale of Brentwood Square Shopping Center, a 224,187-square-foot retail center located in Omaha. An entity doing business as Brentwood Square Plaza LLC sold the property to Brentwood I Acquisition LLC. Ember Grummons and Tim Kerrigan of Investors Realty represented the seller. The transaction also included an 89,359-square-foot land lease. Harbor Freight anchors the property, which includes a mix of additional tenants such as Planet Fitness, Thrift World and Dollar Tree.

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Crosspointe-Plaza
Investment salesNewsSouth Carolina

Colliers Negotiates Sale of 124,375-Square-Foot Crosspointe Plaza in Greenville, South Carolina

by Abby Cox

Greenville, S.C. — Colliers has negotiated the sale of Crosspointe Plaza, a 124,375-square-foot regional shopping center located in Greenville. Scott Israel of Colliers’ Atlanta Retail Investment Sales team represented the seller, Ziff Real Estate Partners, in the transaction. RCG Ventures was the buyer. Tenants at the center include T.J. Maxx, Dollar Tree, DSW, 810 Billiards and Up 2 Us Furniture. Built in 1990, Crosspointe Plaza is situated on roughly 10.4 acres, according to Loop Net.

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Dollar-General
Investment salesNewsPennsylvania

Marcus & Millichap Brokers Sale of 10-Store Dollar General Portfolio in Pennsylvania

by Abby Cox

Pennsylvania — Marcus & Millichap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and operate under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm. “This marks our fourth Dollar General portfolio closing in the past 12 months, with investor  demand remaining strong across both private and …

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DevelopmentInvestment salesNewsTexas

Asana Partners Acquires The Arboretum in Texas, Plans Renovation

by Abby Cox

Austin, Texas — Asana Partners has acquired The Arboretum, a nearly 200,000-square-foot neighborhood center located in the Great Hills neighborhood of Austin. Asana plans to renovate the property, introduce activations for community engagement and create a merchandising mix that caters to nearby residents. In addition to refreshing the property, Asana will reconfigure the commons areas to support live music, pop-up retail and community programming; establish new patios for outdoor dining; improve connectivity throughout the property; and replace storefront signage. Site work at The Arboretum will begin this summer, with completion scheduled …

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Mountain View Plaza
Grocery-anchoredInvestment salesNewsNorth Carolina

Cleeman Realty Brokers Sale of Grocery-Anchored Shopping Center in King, North Carolina

by Abby Cox

King, N.C. — Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, roughly 16 miles northwest of Winston-Salem. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales …

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Louetta Retail Center
Investment salesNewsTexas

Headwall Investments Acquires 34,128-Square-Foot Louetta Retail Center in Houston

by Abby Cox

Houston — Headwall Investments has acquired Louetta Retail Center, a 34,128-square-foot retail property located in Houston. Tenants at the center include Chrysolite Aesthetics, Beltone Hearing Care Center, Retina Consultants of Texas, Dogtopia and Medella Urgent Care. Matt Maglothin of Altrue Capital arranged the sale on behalf of Headwall Investments, while Kendall Kerr and Tim Gregory of JLL represented the seller. Louetta Retail Center marks the firm’s 23rd unanchored shopping center acquisition.

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Seacliff Village
CaliforniaFinanceGrocery-anchoredInvestment salesNews

JLL Capital Markets Arranges $151 Million Sale, Financing of Seacliff Village in Huntington Beach, California

by Abby Cox

Huntington Beach, Calif. — JLL Capital Markets has arranged the $151 million sale of Seacliff Village, a 253,234-square-foot, grocery-anchored shopping center in Huntington Beach. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller, Barings, and procured the buyer, Asana Partners, in the transaction. Anthony Fertitta Jr. and John Marshall, also of JLL, arranged $83.8 million in acquisition financing. A nearly 70,000-square-foot Albertsons grocery store anchors the property, which was 95.8 percent leased at the time of sale. Additional tenants include LA Fitness, Staples, Panera Bread and Starbucks Coffee, …

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Streets of Woodfield
IllinoisInvestment salesNews

Joint Venture Acquires 690,000-Square-Foot Shopping Center in Metro Chicago for $69 Million

by Abby Cox

Schaumburg, Ill. — A joint venture between PCCP and Hutensky Capital Partners has acquired Streets of Woodfield, a 690,000-square-foot shopping center located in the northwestern Chicago suburb of Schaumburg. According to the Daily Herald, Blackstone sold the property for $69 million. Blackstone originally purchased the shopping center for $168.5 million in 2015. Built in 1991, Streets of Woodfield was 94 percent leased to 22 tenants at the time of sale including Whole Foods Market, Dick’s House of Sport, AMC Theatres, Restoration Hardware Outlet, Legoland and Dave & Buster’s.

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7-Eleven-Rep-Photo
FloridaInvestment salesNews

SRS Real Estate Negotiates Sale of Three Single-Tenant Retail Properties in Central Florida for $28.8 Million

by Abby Cox

Winter Haven, Daytona Beach and Ocoee, Fla. — SRS Real Estate Partners has negotiated the sale of three single-tenant retail properties in two separate transactions for $28.8 million in Florida. Each newly constructed property is occupied by 7-Eleven on a 15-year, corporate-guaranteed absolute triple-net lease. The first property in Winter Haven sold for $9.5 million, while the second property in Ocoee sold for $9.67. The final property in Daytona Beach sold for $9.5 million. Patrick Nutt and William Wamble represented the sellers, Florida-based developers, in the transaction. The Winter Haven and …

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