Investment sales

City-Center-Crossing
GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.8 Million Sale of City Center Crossing in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — JLL Capital Markets has negotiated the $20.8 million sale of City Center Crossing, a 98,408-square-foot grocery-anchored shopping center in the Atlanta suburb of Sandy Springs. The center, which was fully leased at the time of sale, is home to a mix of tenants including a CHEF’STORE grocery store, Planet Fitness, Goldfish Swim School, Ready. Set. Fun., Hudson Grille and GolfTec. Henry Schaffer, Gregg Shapiro and Hunter Goldberg of JLL represented the buyer, Crosspoint Associates, in the transaction. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan, also …

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Firestone-Easley-SC
Investment salesNewsSouth Carolina

Marcus & Millichap Brokers Sale of Single-Tenant Retail Property in Easley, South Carolina

by Abby Cox

Easley, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a subsidiary of Japanese tire manufacturer Bridgestone, occupies the building on a 15-year, triple-net, corporate-guaranteed lease that features 5 percent rent increases every five years. A preferred developer for Firestone sold the property to a 1031 exchange buyer. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller in the transaction, which marks the team’s 21st new-construction Firestone …

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Westbury Square
AlabamaInvestment salesNews

JLL Income Property Trust Acquires Westbury Square Shopping Center in Huntsville for $32 Million

by Abby Cox

Huntsville, Ala. — JLL Income Property Trust has acquired Westbury Square, a 115,000-square-foot shopping center located in Huntsville, for $32 million. Tenants at the center, which was fully leased at the time of sale, include T.J. Maxx, Michaels, Stein Mart, Metro Diner, Chicken Salad Chick, Captain D’s, BB&T, Moe’s Southwest Grill, Jenny Craig, Jimmy John’s and Cricket Wireless. Cushman & Wakefield brokered the transaction on behalf of the undisclosed seller.

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Northpark-Village
Grocery-anchoredInvestment salesNewsTexas

Dunhill Partners Acquires Two Grocery-Anchored Shopping Centers Totaling 220,938 Square Feet in Texas

by Abby Cox

Lubbock and Brownwood, Texas — Dunhill Partners has acquired two grocery-anchored retail centers in Texas. Spanning 220,938 square feet, the portfolio includes Northpark Village in Lubbock and Commerce Square in Brownwood. Chris Gerard and Adam Howells of JLL represented the seller, Phillips Edison & Co., in the transaction. Anchored by United Supermarkets, Northpark Village totals 70,479 square feet across 5.5 acres. Commerce Square, which consists of 150,459 square feet, is anchored by Aldi and features a mix of other national tenants such as T.J. Maxx, Boot Barn, Harbor Freight, Buffalo …

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Sunset Ridge Shopping Center at San Antonio
Investment salesNewsTexas

Joint Venture Buys 102,803-Square-Foot Sunset Ridge Shopping Center in San Antonio

by Abby Cox

San Antonio — A joint venture between Headwall Investments and Fifth Corner has acquired Sunset Ridge Shopping Center, a 102,803-square-foot neighborhood center in San Antonio. Tenants include Great Clips, Sola Salons, Boss Bagels, CVS Pharmacy, Orangetheory Fitness, Massage Envy and Baskin Robbins. Originally built in 1951, this transaction marks the first time Sunset Ridge Shopping Center has been sold since 2003. Casey Kopecky of Ironwood Real Estate represented the seller.

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Victorville-Pavilion-CA
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $6.1 Million Sale of Retail Center in Victorville, California

by Abby Cox

Victorville, Calif. — Progressive Real Estate Partners has arranged the $6.1 million sale of Victorville Pavilion, a 11,618-square-foot multi-tenant retail property in Victorville, approximately 35 miles northeast of San Bernardino. Built in 2004, Victorville Pavilion was fully occupied at the time of sale to tenants such as T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate Partners represented the seller, a private investor, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer, San Diego-based private investor, in the transaction.

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Pacific-Town-Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $27 Million Sale of Pacific Town Center in Stockton, California

by Abby Cox

Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …

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Salem-Gate-Market
FinanceGeorgiaInvestment salesNews

JLL Negotiates $25.4 Million Sale, Financing of Salem Gate Market in Metro Atlanta

by Abby Cox

Conyers, Ga. — JLL Capital Markers has negotiated the $25.4 million sale of Salem Gate Market, a 177,527-square-foot retail center located in Conyers, a southeast suburb of Atlanta in Rockdale County. Brad Buchanan, Jim Hamilton, Andrew Kahn and Anton Serafini of JLL represented the seller, Tri-Land Properties, in the transaction. Gregg Shapiro, Hunter Goldberg and Austin Smith, also of JLL, represented the buyer, Highline Real Estate Capital LLC, in procuring the acquisition loan. Salem Gate Market is fully leased to tenants including Floor & Decor, Academy Sports + Outdoors, Northern Tool …

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CFA-Placentia-Rendering-SRS
CaliforniaInvestment salesNews

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California, for $7.9 Million

by Abby Cox

Placentia, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-Fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

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Lauren-Parc-Shopping-Center
Investment salesLouisianaNews

Dowd Cos. Brokers $4.1 Million Sale of Lauren Parc Shopping Center in Abbeville, Louisiana

by Abby Cox

Abbeville, La. — The Dowd Cos. has brokered the $4.1 million sale of Lauren Parc Shopping Center, a 34,125-square-foot retail center located in Abbeville, approximately 21 miles southwest of Lafayette. Originally built in 2014, the center was 95 percent leased at the time of sale to nine tenants including Dollar Tree, AT&T and Anytime Fitness. The transaction also includes an additional outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the buyer, an out-of-state investor, and the seller, in the transaction.

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