Investment sales

Western-Centers-Portfolio-CO
ColoradoInvestment salesNews

Western Centers Sells Three-Property Retail Portfolio in Metro Denver for $30.3 Million

by Abby Cox

Parker, Aurora And Littleton, Colo. — Western Centers Inc. has sold a three-property retail portfolio in metro Denver to CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the 28,000-square-foot Foothill Green in Littleton. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Craig Branton and Mickey Moran of Greystone, in partnership with Cushman & Wakefield’s Denver-based debt team, arranged acquisition financing for all three properties.

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Shops-at-Hampton-Oaks
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $2.9 Million Sale of Neighborhood Center in Metro Atlanta

by Abby Cox

Fairburn, Ga. — Marcus & Millichap has brokered the $2.9 million sale of the Shops at Hampton Oaks, a 20,295-square-foot neighborhood center located in Fairburn, about 20 miles southwest of Atlanta. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a partnership controlled by Jacksonville-based Regency Centers, in the transaction. Built in 2008, the Shops at Hampton Oaks features eight retail suites and was 93 percent occupied at the time of sale to a mix of fitness, experiential and service-oriented tenants. Surrounded by the Hampton …

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Lakeland Town Center
Grocery-anchoredInvestment salesNewsWashington

Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5 Million

by Abby Cox

Auburn, Wash. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located in Auburn, approximately 20 miles south of Seattle. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The property, which was fully leased at the time of sale, is home to a mix of tenants including Haggen Northwest Fresh, Subway, HopsnDrops, Rock Wood Fired Pizza, Puerto Vallarta Mexican, Sushi Konami, Ichi Teriyaki, Legendary Doughnuts, Nekter Juice Bar, Menchie’s Frozen Yogurt, Pacific Cataract and Laser Institute, …

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Roanoke-Shopping-Center
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 11,320-Square-Foot Multi-Tenant Retail Property in Metro Dallas

by Abby Cox

Roanoke, Texas — Marcus & Millichap has brokered the sale of Roanoke Shopping Center, an 11,320-square-foot multi-tenant retail property located in Roanoke, approximately 30 miles northwest of Dallas. Built in 2009, the center is fully leased to Oak and Main, Inzo Italian Kitchen and Baja Cantina under triple-net leases. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors. The terms of the transaction were not disclosed.

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Dollar-General_PA
Investment salesNewsOhioPennsylvania

CBRE Arranges $22.7 Million Sale of 18-Property Dollar General Portfolio in Pennsylvania, Ohio

by Abby Cox

Pa. and Ohio — CBRE has arranged the $22.7 million sale of an 18-property, net-leased retail portfolio in Pennsylvania and Ohio. Totaling 174,078 square feet, the portfolio was fully occupied by Dollar General at the time of sale. Michael Shover, Matthew Gorman, Thomas Finnegan, Robert Thompson and Nick Holtz of CBRE represented the seller, Miller Bros. Construction, and the buyer, Realty Income, in the transaction. The Pennsylvania-based properties were located in the cities of Tioga, Bangor, Fawn Grove, Jersey Shore, Bellefonte, Berrysburg, Greencastle, Schellsburg, Oxford, Milan, Hazle Township, Newburg, Burlington and Beaver Meadows. The Ohio-based properties …

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119-S-Los-Robles-Ave-Pasadena-CA
Investment salesMixed-useNews

Marcus & Millichap Brokers $22 Million Sale of Mixed-Use Property in Pasadena, California

by Abby Cox

Pasadena, Calif. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Ave., a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the property to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi …

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Westgate_Asheville
Investment salesNewsNorth Carolina

Colliers Negotiates Sale of 111,852-Square-Foot Shopping Center in Asheville, North Carolina

by Abby Cox

Asheville, N.C. — Colliers has negotiated the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS Pharmacy, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the shopping center from FIRC Group Inc. for an undisclosed price. Scott Israel of Colliers represented the seller in the transaction, while John Spake of Spake Real Estate represented the buyer.

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Westwood Town Center
Grocery-anchoredInvestment salesNewsOhio

KPR Acquires Westwood Town Center in Rocky River, Ohio, for $28.2 Million

by Abby Cox

Rocky River, Ohio — KPR Centers has acquired Westwood Town Center, a 226,155-square-foot shopping center in Rocky River, a suburb of Cleveland, for $28.2 million. The Home Depot and Marc’s, a regional grocery store, anchor the property, which was 95 percent occupied at the time of sale. Other tenants include AMC Theatres, Dollar Tree, FedEx and Third Federal Savings & Loan. Westwood Town Center also has nearly 11,000 square feet of space available for lease. Michael Nieder and Brian Page of JLL represented the seller, Zeisler Morgan Properties, in the …

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4926 N. River Road
IllinoisInvestment salesNews

Marcus & Millichap Arranges $3.5 Million Sale of Retail Property in Schiller Park, Illinois

by Abby Cox

Schiller Park, Ill. — Marcus & Millichap has arranged the $3.5 million sale of a six-suite retail strip property located in Schiller Park near O’Hare International Airport and the Fashion Outlets of Chicago. The 23,000-square-foot property is situated on nearly 1.4 acres and is occupied by a mix of tenants including Shoeless Joe’s Ale House & Grille, Enterprise Rent-A-Car and Axeclusive Axe Throwing & VR Lounge. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap marketed the property on behalf of the seller, a partnership of two local investors.

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Shops at Prosper Trail
Investment salesNewsTexas

YPI Sells 86,698-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Prosper, Texas — Younger Partners Investment (YPI) has sold Shops at Prosper Trail, an 86,698-square-foot retail center located in Prosper, about 35 miles north of downtown Dallas. Built in 2016, Shops at Prosper Trail was fully leased at the time of sale to tenants including Anytime Fitness, Pacific Dental Services, Wingstop and Supercuts, among others, according to LoopNet Inc. Kroger shadow anchors the property. Adam Howells and Erin Myer of JLL represented the seller in the transaction. The buyer was Phillips Edison & Co.

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