Investment sales

university-town-center
Investment salesNewsOklahoma

Disney Investment Group Negotiates $82.2 Million Sale of Power Center in Central Oklahoma

by Abby Cox

Norman, Okla. — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the $82.2 million sale of University Town Center, a 416,766-square-foot power center in Norman, home of the University of Oklahoma. Built in 2009, the center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Kohl’s, Ulta Beauty, T.J. Maxx, HomeGoods, Michaels, DSW Shoes, Petco and Office Depot. According to OU Daily, the seller was an affiliate of Rainier Cos. The buyer was a partnership between Mazaheri Properties and Champion Hotels. David …

Continue Reading
0 FacebookTwitterLinkedinEmail
Capital-Marketplace_Raleigh
Investment salesNewsNorth Carolina

Finmarc Sells Capital Marketplace Retail Center in Raleigh, North Carolina for $80.6 Million

by Abby Cox

Raleigh, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power center located on 53 acres along U.S. Route 1 in Raleigh. The Bethesda, Maryland-based investment and management firm sold the property to Des Moines, Iowa-based Principal Financial Group for $80.6 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented the seller in the transaction. Finmarc originally purchased the center, then known as Plantation Point Shopping Center, in late 2021. Built in 2006, Capital Marketplace’s tenant roster includes Bob’s Discount Furniture, BJ’s Wholesale Club, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harbor-Central-West-Sacramento-CA
CaliforniaInvestment salesNews

CBRE Brokers $6.2 Million Sale of Harbor Central Retail Center in West Sacramento

by Abby Cox

West Sacramento, Calif. — CBRE has arranged the $6.2 million sale of Harbor Central, a 22,198-square-foot neighborhood center located in West Sacramento. A subsidiary of CJ Park & Associates acquired the property from an entity doing business as Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Situated at 805-831 Harbor Blvd., Harbor Central was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s Pizza, Subway and Raku Sushi.

Continue Reading
0 FacebookTwitterLinkedinEmail
tuckernuck-commons
Investment salesNewsVirginia

Berkeley Capital Advisors Arranges $12 Million Sale of Tuckernuck Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has arranged the sale of Tuckernuck Commons, a 93,392-square-foot shopping center located in Richmond. The Richmond, Virginia-based private buyer purchased the property for $12 million. David Webb and Thompson Brown of Berkeley Capital Advisors represented the seller in the transaction. Tuckernuck Commons, which was fully leased at the time of sale, features a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Sushi King and Beauty Zone, according to LoopNet Inc. Built in 1986, the property spans nearly 11 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
Peachtree-Station
GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates Sale of Whole Foods Market-Anchored Shopping Center in Metro Atlanta

by Abby Cox

Chamblee, Ga. — JLL Capital Markets has negotiated the sale of Peachtree Station, a 106,388-square-foot shopping center located in Chamblee, a northeast suburb of Atlanta. Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton of JLL represented the seller, Chicago-based Harrison Street Asset Management, in the transaction. Boston-based TA Realty was the buyer. A 45,136-square-foot Whole Foods Market anchors Peachtree Station, which was fully leased at the time of sale. Additional tenants at the property include Starbucks Coffee, Chipotle Mexican Grill, Cava, Verizon Wireless …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chop-Shop
ArizonaInvestment salesNews

Marcus & Millichap Brokers Sale of 2,847-Square-Foot Single-Tenant Restaurant Property in Phoenix

by Abby Cox

Phoenix — Marcus & Millichap has brokered the sale of a single-tenant restaurant property located at 2817 North 7th St. in Phoenix. Built in 1969, the 2,847-square-foot drive-thru building is occupied by Original Chop Shop, a Scottsdale-based fast-casual eatery with 27 locations across Arizona, Texas and Georgia. The restaurant will remain in operation following the sale. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a California-based investor, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Legacy-Place
FloridaInvestment salesNews

DLC, Principal Asset Management Purchase 419,936-Square-Foot Legacy Place in South Florida

by Abby Cox

Palm Beach Gardens, Fla. — DLC and Principal Asset Management have acquired Legacy Place, a 419,963-square-foot lifestyle center located in the South Florida city of Palm Beach Gardens. Lone Star Funds, who purchased the property in 2021, is expected to have sold the property for more than $100 million, according to the South Florida Business Journal. Legacy Place was 93 percent leased at the time of sale and features a mix of over 75 retailers, restaurants and entertainment venues. Tenants include Capital Grille, Eddie V’s, Best Buy, Michaels, Aritzia, Madewell, Shake …

Continue Reading
0 FacebookTwitterLinkedinEmail
ansonia-shopping-center
ConnecticutInvestment salesNews

Zelco Properties, Grossman Acquire 175,000-Square-Foot Ansonia Shopping Center in Southwest Connecticut for $8.4 Million

by Abby Cox

Ansonia, Conn. — A joint venture between Zelco Properties and The Grossman Cos. has acquired Ansonia Shopping Center, a 175,000-square-foot retail center located in Southwestern Connecticut’s New Haven County, for $8.4 million. The joint venture plans to reposition the property to introduce daily needs anchors and service-oriented retailers, and will complete renovations to the roofs, exteriors, HVAC systems and parking areas, as well as tenant-specific improvements. Charter Realty, the real estate brokerage and services arm of Zelco Properties, is handling leasing for the project. Entities doing business as AGS Ansonia …

Continue Reading
0 FacebookTwitterLinkedinEmail
west-broad-commons
Grocery-anchoredInvestment salesNewsVirginia

Berkeley Capital Advisors Negotiates $18.8 Million Sale of West Broad Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has negotiated the $18.8 million sale of West Broad Commons, a 109,551-square-foot shopping center located in Richmond. Rob Carter, Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller. The private buyer is based in Maryland. Tenants at the center, which was fully leased at the time of sale, include New Grand Mart, Teppanyaki Grill & Buffett and Empire Beauty School. West Broad Commons spans nearly 12 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
Daniels-Crossing
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 110,780-Square-Foot Neighborhood Center in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. — JLL has arranged the sale of Daniels Crossing, a 110,780-square-foot neighborhood center located in Fort Myers. Danny Finkle and Jorge Portela of JLL represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. Publix Super Markets was the buyer. The property, which is anchored by a newly redeveloped Publix, was fully leased at the time of sale. Additional tenants include Quest Diagnostics, Hope Chest Hospice, Millennium Physician Group and The UPS Store.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts