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Investment sales

Coolwood Plaza
IndianaInvestment salesNews

Marcus & Millichap Brokers $12.4 Million Sale of Retail Center in Valparaiso, Indiana

by Abby Cox

Valparaiso, Ind. — Marcus & Millichap has brokered the $12.4 million sale of Coolwood Plaza in Valparaiso. Anchored by a Strack & Van Til grocery store, the shopping center is home to 11 tenants and totals 104,234 square feet, according to CommercialCafe. The property is also home to a separately leased commissary space operated by Strack & Van Til that supports food preparation and distribution for 21 regional locations. Mitchell Kiven and Nicolas Kanich of Marcus & Millichap represented the seller, an entity affiliated with Chicago-based developer Weiss Entities LLC. …

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Woodmont Village
GeorgiaGrocery-anchoredInvestment salesNews

Matthews Real Estate Negotiates Sale of Woodmont Village in Metro Atlanta

by Abby Cox

Canton, Ga. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot brokered the transaction. Aubuchon Realty Co. was the buyer.

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The Shoppes at Toringdon
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers $4.2 Million Sale of Retail Center in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Marcus & Millichap has brokered the $4.2 million sale of the Shoppes at Toringdon, an 8,008-square-foot retail strip center located within the Toringdon Circle mixed-use development in Charlotte’s Ballantyne neighborhood. Situated at 12194 Johnston Road, the property was fully leased to T-Mobile, MyEyeDr. and Trek Bicycle at the time of sale. Built in 2013, the center is situated on 1.4 acres. David Gant and Lori Schneider of Marcus & Millichap represented the seller in the transaction. Donald Gilchrist served as Marcus & Millichap’s broker of record in …

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7-Eleven
Investment salesNewsTexas

Hanley Investment Group Facilitates Sale of 2,240-Square-Foot Single-Tenant Retail Property in McAllen, Texas

by Abby Cox

McAllen, Texas — Hanley Investment Group Real Estate Advisors has facilitated the sale of a 2,240-square-foot single-tenant retail property located in McAllen. A 7-Eleven convenience store occupies the site on a 12-year, absolute net lease with 10 percent rental increases every five years. Originally built in 1977, the property has operated as a convenience store for more than 47 years. Garrett Wood and Brad Dessy of Hanley, in association with ParaSell Inc., represented the seller, a New York-based investment company. Blake Wagenseller of Matthews Real Estate Investment Services represented the Northern …

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Braves Village
Investment salesNewsSouth Carolina

Marcus & Millichap Negotiates $7.4 Million Sale of Braves Village Shopping Center in Metro Myrtle Beach

by Abby Cox

Socastee, S.C. — Marcus & Millichap has facilitated the $7.4 million sale of Braves Village Shopping Center, a 60,914-square-foot retail center located in the Myrtle Beach suburb of Socastee. Food Lion anchors the center, which was built in 1985. Additional tenants include Rent-A-Center, Metro by T-Mobile and Any Lab Test Now. Lori Schneider and David Gant marketed the property on behalf of the seller and procured the buyer, Brentwood Realty, in the transaction. Benjamin Yelm served as Marcus & Millichap’s broker of record in South Carolina. 

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The Brooks Town Center
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 35,330-Square-Foot Shopping Center in Metro Fort Myers

by Abby Cox

Estero, Fla. — Plaza Advisors has arranged the sale of The Brooks Town Center, a 35,330-square-foot shopping center located in Estero, approximately 16 miles south of downtown Fort Myers. Originally built in 2008, the center was 96 percent leased to FineMark Bank, Burn Boot Camp, LabCorp and Pinch-A-Penny at the time of sale. In a separate transaction, FineMark Bank acquired its 9,390-square-foot outparcel building at the center, while Concord Real Estate Investors purchased the remaining 25,940-square-foot retail strip center. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, …

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Winslow Plaza
Investment salesNew JerseyNews

First National Realty Acquires Winslow Plaza in Metro Philadelphia

by Abby Cox

Sicklerville, N.J. — First National Realty Partners (FNRP) has acquired Winslow Plaza, a 40,695-square-foot shopping center in Sicklerville, roughly 23 miles outside Philadelphia. ShopRite shadow anchors the center, which was fully leased at the time of sale. Tenants at the property include H&R Block, NovaCare, Ricciardi Brothers, King’s Liquor Outlet and The UPS Store. Colin Behr and Chris Munley of CBRE represented the seller in the transaction.

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Scottsdale Quarter
ArizonaInvestment salesLeasingMixed-useNews

FalconEye Ventures Acquires 755,000-Square-Foot Mixed-Use Development in Metro Phoenix, Plans $100 Million Capital Improvements

by Abby Cox

Scottsdale, Ariz. — FalconEye Ventures has acquired Scottsdale Quarter, a 755,000-square-foot mixed-use development located in Scottsdale, roughly 13 miles outside Phoenix. As part of the acquisition, FalconEye plans to implement a $100 million capital improvement program for the property. The program will focus on tenant curation, infrastructure enhancements and experiential retail concepts designed to differentiate the property. Implementation is scheduled to begin in late 2025, with phased execution designed to minimize operational disruption to existing tenants. FalconEye has retained Vestar to be a strategic partner and oversee operations at the property. …

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Admiral Junction
Grocery-anchoredInvestment salesNewsWashington

JLL Facilitates $35.4 Million Sale of Admiral Junction in West Seattle

by Abby Cox

Seattle — JLL Capital Markets has facilitated the $35.4 million sale of Admiral Junction, a 67,992-square-foot shopping center located in West Seattle. A 60,876-square-foot Safeway anchors the center, which comprises 82 percent of the property. The remaining 7,116square feet is dedicated to additional retail tenants including Menchie’s Frozen Yogurt and Verizon Wireless. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL’s Investment Sales and Advisory team represented the buyer, Silver Star Ventures, in the transaction.

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University Shoppes
Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Arranges Sale of 66,004-Square-Foot Shopping Center in Metro Myrtle Beach

by Abby Cox

Conway, S.C. — Legacy Realty Group Advisors LLC has arranged the sale of University Shoppes, a 66,004-square-foot shopping center located in Conway, approximately 15 miles outside Myrtle Beach. Situated near Coastal Carolina University and Conway Medical Center, the center is anchored by Food Lion. Additional tenants at the property include Family Dollar, Beach Wine and Spirits, Papa Johns Pizza, Eggs Up Grill, Spice C Noodle, Conway Nutrition and Ala Mario’s Pizza. The property also features an outparcel that houses Chipotle Mexican Grill. Jacob Baruch and Jonah Warshaw of Legacy Realty …

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