Investment sales

Compass Creek Portfolio
Investment salesNewsVirginia

Atlantic Capital Brokers $20.2 Million Sale of Six Retail Properties in Northern Virginia

by Abby Cox

Leesburg, Va. — Atlantic Capital Partners has brokered the $20.2 million sale of six retail properties located in Leesburg. The portfolio features two strip centers and four freestanding pads that were purchased in separate transactions. The properties are situated within Compass Creek, a 200-acre mixed-use development anchored by Walmart, At Home and The Rinks. Totaling 25,830 square feet, the four freestanding pads are leased to Valvoline, Popeyes, Chipotle Mexican Grill and Starbucks. The portfolio also features a 15,805-square-foot strip center spanning two buildings, occupied by AT&T, Heartland Dental, Buffalo Wing …

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Key-Biscayne
FloridaInvestment salesNews

Berkadia Arranges $9.8 Million Refinancing for Retail Property in Key Biscayne, Florida

by Abby Cox

Key Biscayne, Fla. — Berkadia has arranged a $9.8 million loan to refinance a 61,504-square-foot, two-story retail center located on Key Biscayne, a barrier island situated south of Miami. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia secured the 10-year, fixed-rate loan through a correspondent life insurance company on behalf of the owner, which purchased the property in 1997. The financing features a 23 percent loan-to-value ratio. The retail property is situated on Crandon Boulevard, Key Biscayne’s primary commercial corridor and its only land connection to mainland Miami. …

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sheridan-square
ArizonaInvestment salesNews

ZRP Acquires 10,546-Square-Foot Retail Property in Phoenix for $3.4 Million

by Abby Cox

Phoenix — Ziff Real Estate Partners (ZRP) has acquired Sheridan Square, a 10,546-square-foot retail center located in Phoenix’s historic Coronado District, for $3.4 million. Built in 1965 and modernized in 2021, Sheridan Square was 80 percent leased at the time of sale to local tenants including The Main Ingredient, Urban Cookies, The Velo Bike Shop and Tatemados Tacos al Carbon. The seller was an entity doing business as 7th & Sheridan LLC.

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Villages-of-Blaine
Grocery-anchoredInvestment salesMinnesotaMissouriNews

First Washington Realty Acquires Two Midwest Shopping Centers for $65 Million

by Abby Cox

Blaine, Minn. and Liberty, Mo. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minnesota, and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Missouri. Additional tenants include Chipotle Mexican Grill and The Big Biscuit.

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Water-Tower
Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Arranges Sale of 269,018-Square-Foot Grocery-Anchored Center in Metro Philadelphia

by Abby Cox

Montgomeryville, Pa. — CBRE has arranged the sale of Water Tower Center, a 269,018-square-foot grocery-anchored center located in Montgomeryville, roughly 32 miles north of Philadelphia. A newly formed joint venture between ECHO Realty and TPG was the buyer. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller, The Goldenberg Group, in the transaction. Tenants at the center include Sprouts Farmers Market, The Home Depot, Planet Fitness, Flagship Cinemas, Bob’s Discount Furniture, World Market and Miller’s Ale House.

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eldridge-town-center
Grocery-anchoredInvestment salesNewsTexas

Forge Capital, Sembler Co. Acquire Kroger-Anchored Center in Houston

by Abby Cox

Houston — Forge Capital Partners and The Sembler Co., through its Forge Real Estate Partners V investment fund, have acquired Eldridge Town Center, a 144,000-square-foot shopping center located in northwest Houston. Kroger anchors the property, which was 96 percent leased at the time of sale. Other tenants include Petco, Panera Bread, Chase Bank, Chipotle Mexican Grill, GNC, T-Mobile and Supercuts, among others. Eldridge Town Center was built in 2000. Through their investment funds, Sembler and Forge have now acquired 26 shopping centers together across Florida, Georgia, North Carolina, Tennessee, Virginia and …

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Quarry-Square
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $10 Million Sale of Quarry Square in Metro Boston

by Abby Cox

Milford, Mass. — Atlantic Capital Partners has negotiated the $10 million sale of Quarry Square, a 56,004-square-foot neighborhood center located in Milford, roughly 30 miles southwest of Boston. The property was fully leased at the time of sale to 17 tenants including The Gym @ Milford, TD Bank, The UPS Store, Sports Clips and Miracle-Ear. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, RJ Kelly Co., in the transaction. NAI Glickman Kovago & Jacobs represented the buyer, KBG Realty Properties LLC.

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university-shopping-center
CaliforniaGrocery-anchoredInvestment salesNews

Sigmund Cos., Shoreline Street Partners Acquire Grocery-Anchored Center in Metro Los Angeles for $17.6 Million

by Abby Cox

Thousand Oaks, Calif. — The Sigmund Cos. (TSC), in partnership with Shoreline Street Partners, has acquired University Shopping Center, a 37,992-square-foot retail property located in Thousand Oaks, roughly 38 miles west of Los Angeles, for $17.6 million. Trader Joe’s anchors the property, which features a mix of additional tenants such as Fresh Donuts, 3Tails Dog Salon, PJ’s Pub, Allegro Pizza, Imperial Garden Chinese Restaurant and Launderland, among others. University Shopping Center was 83 percent leased at the time of sale. The property was acquired in two separate transactions. The first …

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Knightdale-Marketplace
Investment salesNewsNorth Carolina

Invesco Real Estate Acquires Shopping Center in Metro Raleigh, North Carolina, for $86.7 Million

by Abby Cox

Knightdale, N.C. — Invesco Real Estate has acquired Knightdale Marketplace, a 323,000-square-foot super-regional shopping center located in Knightdale, roughly 10 miles east of downtown Raleigh. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller, a joint venture between affiliates of Bailard Inc. and M&J Willow Ltd. Delivered in 2007 and 2008 on nearly 44 acres, Knightdale Marketplace was fully leased at the time of sale. Tenants include Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & …

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Walgreens
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $15 Million Sale of Walgreens-Anchored Center in Metro Los Angeles

by Abby Cox

Lynwood, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $15 million sale of Atlantic Crossing, a 39,146-square-foot retail center located in Lynwood, roughly 12 miles south of downtown Los Angeles. Built in 2003, Atlantic Crossing was fully leased at the time of sale to tenants including Walgreens, Starbucks, Panda Express, Subway, PNC Bank, AltaMed Health Services, Diamond Dental, Fiesta Auto Insurance, Tutti Frutti and La Carniceria Meat Market. Ayda Kach of Hanley represented the all-cash buyer, a privately held retail real estate investment firm and developer based …

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