Investment sales

Rivoli-Crossing
GeorgiaInvestment salesNews

Atlantic Capital Partners Arranges $10.6 Million Sale of Rivoli Crossing in Macon, Georgia

by Abby Cox

Macon, Ga. — Atlantic Capital Partners has arranged the $10.6 million sale of Rivoli Crossing, a 95,977-square-foot shopping center located in Macon. Rivoli Crossing was 53 percent leased at the time of sale to 12 service-oriented tenants such as Orangetheory, Leslie’s Pool Supplies and Dollar Tree, and is anchored by The Fresh Market. The center also features a 35,716-square-foot big-box vacancy, in addition to 7,978 square feet of available inline shop space. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital Partners represented the seller, Coro Realty, in …

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the-marketplace-at-huntington-valley
Grocery-anchoredInvestment salesNewsPennsylvania

Wilder, J.P. Morgan Acquire The Marketplace at Huntingdon Valley in Metro Philadelphia

by Abby Cox

Huntingdon Valley, Pa. — Wilder and J.P. Morgan Asset Management have acquired The Marketplace at Huntingdon Valley, a 257,000-square-foot community center located in Huntingdon Valley, roughly 20 miles north of Philadelphia. Weis Markets anchors the property, which was 95 percent occupied at the time of sale. Additional tenants include LA Fitness, Penn Cinema, Starbucks Coffee, Chipotle Mexican Grill, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits. Wilder will oversee leasing, management, marketing and asset strategy for the property, with an immediate focus on placemaking, …

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Alafaya Square
FloridaGrocery-anchoredInvestment salesNews

Philips Edison & Co. Purchases 168,532-Square-Foot Grocery-Anchored Center in Oviedo, Florida

by Abby Cox

Oviedo, Fla. — Philips Edison & Co. has acquired Alafaya Square, a 168,532-square-foot center located in the northeast Orlando suburb of Oviedo. Danny Finkle, Jorge Portela and Evan Lahr of JLL Capital Markets represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. Alafaya Square, which was 96 percent occupied at the time of sale, is anchored by a newly built Publix. Other tenants at the center include Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters.

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Southside at McEwen
Grocery-anchoredInvestment salesNewsTennessee

Nuveen Sells 92,470-Square-Foot Center in Metro Nashville, Tennessee

by Abby Cox

Franklin, Tenn. — New York City-based Nuveen Real Estate has sold Southside at McEwen, a 92,470-square-foot retail center located in Franklin, roughly 20 miles south of downtown Nashville. Jim Hamilton, Brad Buchanan and John Perry Hilton of JLL represented Nuveen in the transaction. Dallas-based Lincoln Property Co. served as the investment advisor for the buyer, a high net-worth family office. The sales price was not disclosed. Whole Foods Market anchors Southside at McEwen, which was built in 2012 on approximately 10.5 acres. The fully leased center features a mix of …

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Hilliard-Rome-Commons
Investment salesNewsOhioPower centers

CASTO Acquires Power Center in Metro Columbus, Ohio, for $20.5 Million

by Abby Cox

Hillard, Ohio — CASTO has acquired Hilliard Rome Commons, a 106,922-square-foot power center located in Hillard, approximately 10 miles northwest of Columbus, for $20.5 million. Michael Nieder and Brian Page of JLL Capital Markets represented the seller, RCG Ventures, in the transaction. Built in 2002, Hilliard Rome Commons was fully leased at the time of sale to tenants including Burlington, HomeGoods, Ulta Beauty, pOpshelf, Buffalo Wild Wings and Bank of America, which is situated on a separate outparcel.

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Douglassville-Retail-Portfolio
Investment salesNewsPennsylvania

Marcus & Millichap Negotiates $10 Million Sale of Retail Portfolio in Eastern Pennsylvania

by Abby Cox

Douglassville, Pa. — Marcus & Millichap has negotiated the $10 million sale of a retail portfolio located in Douglassville, roughly 40 miles northwest of Philadelphia. The portfolio, which spans 48,736 square feet, includes two retail strip centers, three freestanding pads and a nearly 2-acre development site. The strip centers are fully leased, while Dollar Tree, Chase Bank and Michael’s Restaurant occupy the three freestanding properties.   Colin Reder and Derrick Dougherty of Marcus & Millichap represented the seller, the family of the original developer, and procured the buyer, a Philadelphia-based company.

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Unified-Dental-Care
Investment salesMichiganNews

CrownPoint Arranges $9.2 Million Sale-Leaseback of Dental Portfolio in Michigan

by Abby Cox

Lansing, Mich. — CrownPoint Partners has arranged the $9.2 million sale-leaseback of a five-property dental portfolio located across lower Michigan. CrownPoint represented both the seller and buyer in the transaction. The transaction was structured with new 15-year absolute-net leases featuring 2 percent annual rent increases, providing the buyer with long-term contractual income and no landlord responsibilities. The portfolio spans established healthcare and retail corridors throughout Michigan and serves combined trade areas encompassing more than 1.6 million residents. The portfolio consists of five dental properties totaling 35,212 square feet across Lansing, …

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block-37
IllinoisInvestment salesNews

Newmark Arranges $30 Million Sale of Trophy Retail Property in Downtown Chicago

by Abby Cox

Chicago — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

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SouthCoast has acquired Sweet Apple Village, a 62,390-square-foot shopping center located in Roswell, Georgia, for $20.3 million.
GeorgiaInvestment salesNews

Matthews Brokers $20.3 Million Sale of 62,390-Square-Foot Sweet Apple Village in Metro Atlanta

by Abby Cox

Roswell, Ga. — Matthews has brokered the $20.3 million sale of Sweet Apple Village, a 62,390-square-foot shopping center located in Roswell, roughly 22 miles north of downtown Atlanta. The transaction marked the highest retail sales price in the Roswell/Alpharetta submarket in four years and the property’s first sale in 15 years. Jeff Enck, Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews internally represented the seller and sourced the buyer, SouthCoast, in the transaction. Sweet Apple Village was 98.2 percent leased at the time of sale to a mix of tenants including …

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Airpark-Plaza_Miami_Publix
FloridaGrocery-anchoredInvestment salesNews

First Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets

by Abby Cox

Miami — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Maryland, has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St.; and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the city’s south side. Both properties were fully leased at the time of sale.

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