Investment sales

Overlook at Oakbrook
IllinoisInvestment salesNews

MetLife Investment Sells Overlook at Oakbrook in Metro Chicago for $44 Million

by Abby Cox

Oak Brook, Ill. — MetLife Investment Management has sold Overlook at Oakbrook, a 52,876-square-foot, unanchored retail strip center located in Oak Brook, roughly 20 miles east of Chicago. Overlook at Oakbrook spans seven buildings and was 94 percent leased to 13 tenants at the time of sale including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group (VEG) and Guidepost Montessori. The property was completed in 2023, and is situated adjacent to Oakbrook Center, a 2 million-square-foot super-regional mall. Michael Nieder, Brian Page and Alex Sharrin of JLL’s Investment Sales …

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Shops at Plaza West Covina
CaliforniaInvestment salesNews

Phillips Edison & Co. Acquires Shops at Plaza West Covina in Southern California for $25.8 Million

by Abby Cox

West Covina, Calif. — Cincinnati, Ohio-based Phillips Edison & Co. has acquired the Shops at Plaza West Covina, a 46,406-square-foot shopping center located in West Covina, roughly 20 miles east of Los Angeles, for $25.6 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. Shops at Plaza West Covina was 88 percent leased at the time of sale to tenants including Bank of America, Jamba Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill and Gen Korean BBQ House, among others. The property …

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The Shops at Fry & Tuckerton
Investment salesNewsTexas

JLL Arranges Sale of 39,912-Square-Foot Retail Center in Metro Houston

by Abby Cox

Cypress, Texas — JLL Capital Markets has arranged the sale of Shops at Fry & Tuckerton, a newly constructed, 39,912-square-foot retail development located in Cypress, a northwestern suburb of Houston. Ryan West, John Indelli and Michael King of JLL’s Investment Sales and Advisory team represented the seller, Gulf Coast Commercial Group, in the transaction. Situated at the entrance of the Bridgeland master-planned community, The Shops at Fry & Tuckerton consists of three multi-tenant retail buildings, which were fully leased at the time of sale. Tenants at the property include Five Guys …

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7-Eleven-Bernardino
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3 Million Pre-Sale of Single-Tenant Retail Property in San Bernardino, California

by Abby Cox

San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3 million pre-sale of a newly constructed single-tenant retail property situated at the intersection of Redlands Boulevard and Hunts Lane in San Bernardino. The building will be occupied by a 7-Eleven commercial fueling lanes (CFL) prototype on a 15-year, triple-net ground lease. The location will serve as a bridge between a traditional convenience store and a truck stop, which includes high-speed diesel lanes for commercial vehicles, commercial truck diesel infrastructure compatible with the 7FLEET Diesel Network and diesel …

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CFA-Leesburg
FloridaInvestment salesNews

SRS Negotiates $3.5 Million Ground Lease Sale of Single-Tenant Restaurant Property in Central Florida

by Abby Cox

Leesburg, Fla. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, New York-based private investor.

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Lancaster Marketplace
CaliforniaFinanceIllinoisInvestment salesNewsOregonWisconsin

Gantry Arranges $42.8 Million in Refinancing for Four Retail Properties Across Four States

by Abby Cox

San Francisco — San Francisco-based Gantry has arranged four separate permanent loans totaling $42.8 million to refinance four retail properties in California, Illinois, Oregon and Wisconsin. Andy Bratt and Sean Kuang of Gantry arranged all four loans through a single life company lender on behalf of the borrower, a series of Rhino Investments Group (RIG) affiliates. The loans carry fixed interest rates with 30-year amortization schedules. Gantry will service the loans. The loan proceeds were used to retire existing debt, fund tenant improvements and provide additional cash-out tied to executed leases …

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Prospect Square
CaliforniaInvestment salesNews

Marcus & Millichap Brokers Sale of 33,055-Square-Foot Mixed-Use Property in La Jolla

by Abby Cox

San Diego — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez, also of Marcus & Millichap, represented the buyer in the deal. Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story …

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Investment salesNewsTennessee

Manova Partners Sells 323,927-Square-Foot Nashville West Shopping Center

by Abby Cox

Nashville, Tenn. — Manova Partners, a real estate firm headquartered in Munich, Germany, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer was not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West Shopping Center was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time …

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1455 N. Milwaukee Ave.
IllinoisInvestment salesNews

Greenstone Parters Brokers $5.6 Million Sale of Retail Property in Chicago’s Wicker Park

by Abby Cox

Chicago — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to two medical services providers. Danny Spitz and …

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cvs-pharmacy-pa
Investment salesNewsPennsylvania

Cooper Commercial Negotiates $5.5 Million Sale of Single-Tenant Retail Property in Sinking Spring, Pennsylvania

by Abby Cox

Sinking Spring, Pa. — Cooper Commercial Investment Group has negotiated the $5.5 million sale of a single-tenant retail property located in Sinking Spring, approximately 60 miles southeast of Philadelphia. CVS Pharmacy occupies the 13,225-square-foot building on a triple-net lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based in Pennsylvania. A West Coast-based 1031 exchange buyer purchased the property.

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