Investment sales

pleasant-valley-plaza
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …

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Clarksville-Square
Investment salesNewsTennessee

Dowd Cos. Negotiates Sale of Clarksville Square in Northern Tennessee for $5.6 Million

by Abby Cox

Clarksville, Tenn. — The Dowd Cos. has negotiated the sale of Clarksville Square, an 89,924-square-foot shopping center located in Clarksville, for $5.6 million. Built in 1967, the center was fully leased at the time of sale to 10 tenants including Dollar Tree, Big Lots, Farmers Home Furniture and an O’Reilly Auto Parts outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a local investor.

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6501-Coliseum-Blvd
Investment salesLouisianaNews

Marcus & Millichap Brokers $4.2 Million Sale of 43,084-Square-Foot Shopping Center in Central Louisiana

by Abby Cox

Alexandria, La. — Marcus & Millichap has brokered the $4.2 million sale of a 43,084-square-foot shopping center located at 6501 Coliseum Blvd. in the Central Louisiana city of Alexandria. Built in 1994, the center is fully leased to 13 tenants including CHRISTUS Health and Louisiana HomeCare. The property is shadow-anchored by a Walmart Supercenter, which has operated on the site since 2008. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a Florida-based private partnership, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

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Chino-Spectrum-Towne-Center
CaliforniaInvestment salesNews

Brixmor Property Group Acquires Chino Spectrum Towne Center in California for $138 Million

by Abby Cox

Chino, Calif. — New York-based Brixmor Property Group has acquired Chico Spectrum Towne Center, a 461,269-square-foot grocery-anchored power center located in Chino, for $138 million. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani and Shaya Northrup of CBRE represented the seller, MetLife Investment Management, in the transaction. Chino Spectrum Towne Center is 95 percent leased to tenants including Kohl’s, Five Below, Best Buy, Marshalls, BevMo!, Ulta Beauty, Nordstrom Rack and a newly opened H Mart grocery store.

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The Shops at Evergreen Walk
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $98 Million Sale of The Shops at Evergreen Walk in Windsor, Connecticut

by Abby Cox

Windsor, Conn. — CBRE has arranged the $98 million sale of The Shops at Evergreen Walk, a 400,000-square-foot lifestyle center in Windsor, a northern suburb of Hartford. Brand Street Properties and Barings acquired the property, while Nat Heald of CBRE National Retail Partners represented the seller, PGIM, in the transaction. Anchored by Whole Foods Market, The Shops at Evergreen Walk features a mix of additional tenants including L.L. Bean, Apple, Anthropologie, Pottery Barn, Sephora, lululemon, Nike and Williams-Sonoma.

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Starbucks_Perris
CaliforniaInvestment salesNews

Hanley Investment Group Brokers Sale of Single-Tenant Retail Property in Southern California for $4.8 Million

by Abby Cox

Perris, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $4.8 million sale of a newly constructed, single-tenant retail property located in the Inland Empire city of Perris. A Starbucks café and drive-thru occupies the 2,200-square-foot building on a 10-year triple-net corporate lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Yellow Rose Ranch LLC, an affiliate of The Lynch Group. Betty Gulezyan of I.D.L. Home represented the buyer, a private investor based in Newport Beach, California. …

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coosa-commons
AlabamaInvestment salesNews

Aly Group Acquires 9,824-Square-Foot Coosa Commons in Pell City, Alabama

by Abby Cox

Pell City, Ala. — Atlanta-based The Aly Group has acquired Coosa Commons, a 9,824-square-foot retail center located in Pell City, approximately 30 miles west of Birmingham. Tenants at the property include Starbucks Coffee, Jersey Mike’s, Wingstop and The St. Clair. Jacob Fahner of Hanley Investment and Scott Reid of ParaSell Inc. represented the seller in the transaction.

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eastland-plaza
IndianaInvestment salesNews

Kaden Cos. Acquires Eastland Plaza in Bloomington, Indiana, for $22.4 Million

by Abby Cox

Bloomington, Ind. — Louisville, Kentucky-based Kaden Cos. has acquired Eastland Plaza, a 125,000-square-foot shopping center in Bloomington, for $22.4 million. Situated adjacent from College Mall on 12 acres, Eastland Plaza is anchored by Petco, DSW, Dollar Tree and Rally House. Additional tenants include Jimmy John’s, McAlister’s Deli, Noodles & Company and Domino’s Pizza. The center was 80 percent leased at the time of sale. Rebecca Wells of Cushman & Wakefield represented the seller, an entity doing business as Eastland Plaza LLC, in the transaction.

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Big Y Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Negotiates $14.3 Million Sale of Grocery-Anchored Center in Metro Hartford

by Abby Cox

Rocky Hill, Conn. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,947-square-foot grocery-anchored shopping center in Rocky Hill, approximately eight miles south of downtown Hartford. Built in 1988 on 14 acres, the property is fully occupied by Big Y Supermarket and Wells Fargo Bank. Joseph C. French Jr. and Jeffrey Stearney of Marcus & Millichap marketed the property on behalf of the seller, a private Connecticut-based company, and procured the buyer, a private New York-based investor. John Krueger was Marcus & Millichap’s broker of …

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VASA Fitness
ColoradoInvestment salesNews

DoubleBay, Midloch Sells 56,000-Square-Foot Single-Tenant Retail Property in Longmont, Colorado, for $13.9 Million

by Abby Cox

Longmont, Colo. — DoubleBay Partners and Midloch Investment Partners has sold 1630 Pace Street, a 56,000-square-foot single-tenant retail property located in Longmont, approximately 37 miles north of Denver. Situated within the Fox Creek Marketplace neighborhood center, the space is occupied by VASA Fitness, which was converted from a former Safeway grocery store. Mark Thiel and Cory Gross of Marcus & Millichap arranged the sale.

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