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Investment sales

North-End-Shops
Investment salesNew HampshireNews

Horvath & Tremblay Arranges $11.7 Million Sale of North End Shops at Livingston Park in Manchester, New Hampshire

by Katie Sloan

Manchester, N.H. — Horvath & Tremblay has arranged the $11.7 million sale of North End Shops at Livingston Park, a 51,048-square-foot retail center located in Manchester. Bob Horvath, Todd Tremblay, Aaron Huntley and Matt Nadler of Horvath & Tremblay represented the undisclosed seller and procured the buyer in the transaction. Dollar Tree anchors the center, which was developed in 1987 and renovated in 2017. The property is located at 535-555 Hooksett Road and was fully leased at the time of sale. 

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Lakeview-Plaza
IllinoisInvestment salesNews

Marcus & Millichap Brokers $7.7 Million Sale of Retail Strip Center in Suburban Chicago

by Katie Sloan

Lake Zurich, Ill. — Marcus & Millichap has brokered the $7.7 million sale of Lakeview Plaza, a retail strip center totaling 52,400 square feet in the Chicago suburb of Lake Zurich. Built in 1987, the property is home to restaurants, health and fitness tenants, and automotive service users. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private investment group, and procured the buyer, a family office specializing in owning and operating shopping centers.

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Forest-Hill-Shopping-Center_Lynchburg
Investment salesNewsVirginia

Coldwell Banker Commercial Read Brokers $6 Million Sale of Shopping Center in Lynchburg, Virginia

by Katie Sloan

Lynchburg, Va. — Coldwell Banker Commercial Read & Co. has brokered the $6 million sale of Forest Hill Shopping Center, an 82,000-square-foot retail center located at 2820 Linkhorne Drive in Lynchburg. Rick Read and Ricky Read of Coldwell Banker Read represented the seller, an entity doing business as Lynchburg Investment Co. Inc., in the transaction. The brokerage firm has served as the landlord rep for the retail center for the past 20 years. The buyer, Swintstorage Conversion Fund LLC, plans to convert the shopping center’s anchor store into a self-storage facility …

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El-Monte-Shopping-Plaza_Phoenix
ArizonaGrocery-anchoredInvestment salesNews

Lena Centers Acquires 101,269-Square-Foot Shopping Center in Phoenix

by Hayden Spiess

Phoenix — Lena Centers, a division of Longpoint, has acquired El Monte Shopping Plaza, a 101,269-square-foot shopping center located in Phoenix. Built in 1962, the property was 99 percent leased to 15 tenants at the time of sale. El Rancho Market IGA anchors the center, and other tenants include dd’s DISCOUNTS, Shoe Palace, ArchWell Health, Cute Smiles, Cricket Wireless and Baskin Robbins. Mindy Korth and JK Jackson, El Warner and Caitlin Zirpolo of Colliers brokered the transaction. ASI Real Estate handles leasing at the property. 

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Heritage Square
AlabamaInvestment salesNews

Fairway Investments Sells 60,767-Square-Foot Retail Center in Madison, Alabama

by Hayden Spiess

Madison, Ala. — Fairway Investments has sold Heritage Square, a 60,767-square-foot retail center located in Madison. Halpern Enterprises acquired the property, which is anchored by T.J. Maxx, for an undisclosed price. Built in 2008, the center was fully leased at the time of sale. Franklin Street represented Fairway Investments in the transaction. 

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Val-Verde-Place-Shopping-Center_La-Vista-Neb
Investment salesNebraskaNews

Marcus & Millichap Brokers $6.4 Million Sale of Val Verde Place Shopping Center in La Vista, Nebraska

by Hayden Spiess

La Vista, Neb. — Marcus & Millichap has brokered the $6.4 million sale of Val Verde Place Shopping Center, a retail property located in La Vista. Built in 2000, the property totals 48,712 square feet across 23 tenant suites. Chris Garavaglia, Alex Perez and Austin Sweet of Marcus & Millichap represented the seller in the transaction. Jon Ruzicka is the firm’s broker of record for Nebraska. 

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Investment salesMissouriNews

Sky Real Estate Acquires 391,000-Square-Foot Retail Center in Central Missouri

by Hayden Spiess

Osage Beach, Mo. — Sky Real Estate has acquired Osage Beach Outlet Marketplace, a 391,000-square-foot retail center located on a 60-acre parcel in Osage Beach. Tenants at the property include Polo Ralph Lauren, Under Armour, Bath & Body Works and LOFT. A subsidiary of Simon Property Group sold the center for an undisclosed price. 

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CaliforniaInvestment salesNews

Marcus & Millichap Brokers $10.8 Million Sale of Shopping Center in Southern California

by Hayden Spiess

Yucaipa, Calif. — Marcus & Millichap has brokered the $10.8 million sale of Center Point Plaza, a shopping center located in Yucaipa. Constructed in 2007, the property totals 28,924 square feet. Ivan Prochko, Orbell Ovaness and Ara Rostamian of Marcus & Millichap’s Ovaness-Rostamian Group represented the seller, an undisclosed partnership, in the transaction. Bashir Tariq of Keller Williams Realty represented the buyer, a private investor. 

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Investment salesNew JerseyNews

CenterSquare Acquires 16,891-Square-Foot Retail Center in Metro Philadelphia

by Hayden Spiess

Voorhees, N.J. — CenterSquare has acquired Cedar Hill Shopping Center, a 16,891-square-foot retail center located in Voorhees, roughly 20 miles southeast of Philadelphia. Tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Orange Theory, UPS, Great Clips, Vitamin Shoppe and AT&T. This marks CenterSquare’s first service property acquisition in metro Philadelphia.

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Outlet-Collection-Seattle_Auburn-Wash
GeorgiaInvestment salesNewsWashington

Lightstone Acquires Outlet Collection Seattle for $82 Million

by Hayden Spiess

Auburn, Wash. — Lightstone has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. Tenants at the property, which totals 920,000 square feet, include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet …

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