Investment sales

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
7-Eleven_Madera
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $12.2 Million Sale of Single-Tenant Retail Property in Central California

by Abby Cox

Madera, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley. Sean Cox and Bill Asher of Hanley Investment Group Real Estate Advisors represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
newmark-merrill-development
CaliforniaDevelopmentInvestment salesNews

NewMark Merrill Purchases 2.5-Acres to Develop Three Retail Buildings in San Diego

by Abby Cox

San Diego — NewMark Merrill has acquired a 2.5-acre land parcel to develop three retail buildings in the Otay Mesa neighborhood of San Diego. The fully leased project will feature new locations for Wendy’s, Dutch Bros Coffee and Quick Quack Car Wash. All tenants are scheduled to open in early 2027. NewMark Merrill executed the full scope of the project, including entitlement, permitting, leasing, financing and site development. Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants. In …

Continue Reading
0 FacebookTwitterLinkedinEmail
Centerpoint-Plaza
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 13,611-Square-Foot Centerpoint Plaza in Central Texas

by Abby Cox

San Marcos, Texas — Marcus & Millichap has brokered the sale of Centerpoint Plaza, a 13,611-square-foot multi-tenant retail center located in the Central Texas city of San Marcos. Coleman Solomon, Joseph Blanga and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both local private investors.  Situated at 690 Center Point Road, Centerpoint Plaza was fully leased at the time of sale to Cody’s Restaurant Bar & Patio, Hays Co. Outfitters, Two P’s & Calli’s Boutique, Hot Nails & Spa and Butter Sweet by Cody’s, along with a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts