Investment sales

Creekside Village Green
FinanceInvestment salesNewsTexas

JLL Arranges Sale, Financing of Creekside Village Green Lifestyle Center in Metro Houston

by Abby Cox

The Woodlands, Texas — JLL Capital Markets has arranged the sale and financing of Creekside Village Green, a 74,615-square-foot lifestyle center located in The Woodlands, roughly 30 miles north of Houston. John Indelli, Adam Howells, Ryan West and Dawson Hastings of JLL represented the seller, Kobalt Investment Co., in the transaction. Phillips Edison & Co. was the buyer. Creekside Village Green was 98 percent leased at the time of sale to tenants including Field’s Local Kitchen & Bar, Shogun Japanese Grill & Sushi, Jordan’s Sweet Shoppe, Frutta Bowls, Threadfare Children’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
shoppes-at-destiny
FloridaInvestment salesNews

Dowd Cos. Brokers $5.1 Million Sale of 12,734-Square-Foot Retail Center in Destin, Florida

by Abby Cox

Destin, Fla. — The Dowd Cos. has brokered the $5.1 million sale of The Shoppes of Destiny, a 12,734-square-foot retail center located in Destin. The center was fully leased at the time of sale to five tenants including Avantgarde Salon, Beyond Fit, Bella Beach, Beautiful Lights and Kiki Rissa. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a Destin-based local investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Kohls_Knoxville
Investment salesNewsTennessee

Marcus & Millichap Negotiates Sale of 86,584-Square-Foot Single-Tenant Retail Property in Knoxville, Tennessee

by Abby Cox

Knoxville, Tenn. — Marcus & Millichap has negotiated the sale of an 86,584-square-foot single-tenant retail property located in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was also added to the Kohl’s in 2023. The property is situated on 32.7 acres, roughly eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the seller in the transaction. Jody McKibben served as Marcus & Millichap’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Quad at Whittier
CaliforniaGrocery-anchoredInvestment salesNewsPower centers

Brixton Capital Acquires The Quad at Whittier for $100 Million in California

by Abby Cox

Whittier, Calif. — Brixton Capital has acquired The Quad at Whittier, a 314,593-square-foot, grocery-anchored power center located in Whittier, approximately 20 miles southeast of Los Angeles, for $100 million. A portion of the funding for the acquisition originated from a $250 million retail-focused joint venture between Brixton Capital and an undisclosed global investment firm. Chase Levra and Chris Hoffmann of Eastdil Secured represented the undisclosed seller, while Brixton Capital represented itself in the transaction. The Quad at Whittier spans nine buildings and was 95.6 percent leased at the time of sale. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Delray-Landing
FloridaGrocery-anchoredInvestment salesNews

PEBB, Topvalco Sell Sprouts-Anchored Shopping Center in South Florida for $30 Million

by Abby Cox

Delray Beach, Fla. — A joint venture between PEBB Enterprises and Cincinnati-based Topvalco Inc. has sold Delray Landing, a 70,426-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Sprouts Farmers Market anchors the shopping center, whose tenant roster also includes Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill and Good Vets. An entity doing business as 30 Realty LLC purchased the shopping center for $30 million. Eric Williams and Cole Frantz of Newmark represented the seller in the transaction. During their ownership period, PEBB and …

Continue Reading
0 FacebookTwitterLinkedinEmail
former-kmart-round-lake-illinois
IllinoisIndianaInvestment salesNews

Mid-America Real Estate Arranges Sale of Two Retail Properties in Illinois, Indiana

by Abby Cox

Round Lake, Ill. and Michigan City, Ind. — Mid-America Real Estate Corp. has arranged the sale of two retail properties in Illinois and Indiana. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald represented the seller and owner, Transformco — the company holding former Kmart/Sears assets — in both transactions. The first property, a 190,174-square-foot former Super Kmart store located in Round Lake, was purchased by Target Stores. The second property, a former Sears and Sears Auto Center complex situated directly within Marquette Mall in Michigan City, totals a combined 105,270 …

Continue Reading
0 FacebookTwitterLinkedinEmail
902-W-Washington
CaliforniaInvestment salesNews

Location Matters Negotiates $3.2 Million Sale of a Single-Tenant Restaurant Property in Mission Hills, California

by Abby Cox

Mission Hills, Calif. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

Continue Reading
0 FacebookTwitterLinkedinEmail
Stafford-Park
Investment salesNew JerseyNews

JLL Negotiates $20.5 Million in Refinancing for Stafford Park in New Jersey

by Abby Cox

Stafford Township, N.J. — JLL Capital Markets has arranged a $20.5 million loan to refinance Stafford Park, a 140,893-square-foot shopping center located in Stafford Township near the Jersey Shore. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL secured the five-year, fixed-rate loan through an investment manager on behalf of the borrower, Walters Group. Developed by Walters Group in 2007, the open-air center is fully leased to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta Beauty. Stafford Park is also shadow-anchored by Costco and Target.

Continue Reading
0 FacebookTwitterLinkedinEmail
Highlandtown-Village_Baltimore
Investment salesMarylandNews

IPA Negotiates Sale of 57,524-Square-Foot Shopping Center in Baltimore

by Abby Cox

Baltimore — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
mcdonalds-rep-photo
CaliforniaInvestment salesNews

RealSource Group Arranges $3.2 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Wildomar, Calif. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant retail property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts