Investment sales

Drake-Crossing
ColoradoInvestment salesNews

Alpine Investment Group Sells Drake Crossing in Fort Collins, Colorado, for $12.2 Million

by Abby Cox

Fort Collins, Colo. — Alpine Investment Group LLC has sold Drake Crossing, a 56,214-square-foot shopping center located in Fort Collins, for $12.2 million. Jason Schmidt and Austin Snedden of JLL represented the seller in the off-market transaction. The buyer was a joint venture between Big Ben Funds and CAMCRE. The three-building retail center was 96 percent occupied at the time of sale by tenants including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Safeway and Walgreens shadow anchor the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

Cohen & Steers Acquires 442,000-Square-Foot Retail Portion of Power Center in Metro Austin, Texas

by Abby Cox

Cedar Park, Texas — Cohen & Steers Income Opportunities REIT has acquired a 442,000-square-foot portion of 1890 Ranch, an 850,000-square-foot power center located in Cedar Park, a northern suburb of Austin. The acquisition was completed through a joint venture with the Sterling Organization. The seller was Endeavor Real Estate Group. Shadow anchored by Target, 1890 Ranch was 99 percent occupied at the time of sale to tenants including Academy Sports and Outdoor, Crunch Fitness, Burlington, Ross Dress for Less, Hobby Lobby and Ashley Furniture. 

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentInvestment salesNewsTexas

Big V Property Group, The Seitz Group to Develop Rosamond Town Center in Anna, Texas

by Abby Cox

Anna, Texas — Big V Property Group and The Seitz Group are developing Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. The development will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Anna-Texas
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 7,295-Square-Foot Retail Center in North Texas

by Abby Cox

Anna, Texas — Marcus & Millichap has brokered the sale of a 7,295-square-foot multi-tenant retail property located in the North Texas city of Anna. Built in 2021, the four-suite retail property was fully leased at the time of sale to Verizon Wireless, The UPS Store, Jersey Mike’s Subs and Fuzzy’s Taco Shop. The property was acquired as part of a two-property portfolio that included an adjacent shopping center. Chris Gainey and Philip Levy of Marcus & Millichap represented the buyer, a Dallas-area private partnership. The acquisition was completed as part of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hammock-Landing
FloridaInvestment salesNewsPower centers

Atlantic Capital Partners Sells Power Center on Florida’s Space Coast for $78.5 Million

by Abby Cox

West Melbourne, Fla. — Atlantic Capital Partners has sold Hammock Landing, a 750,000-square-foot, super-regional power center located in West Melbourne, a city on Florida’s Space Coast, for $78.5 million. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohls shadow anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Madison-Yards
GeorgiaGrocery-anchoredInvestment salesNews

Newmark Negotiates Sale of 162,500-Square-Foot Grocery-Anchored Neighborhood Center in Atlanta

by Abby Cox

Atlanta — Newmark has negotiated the sale of Madison Yards, a 162,500-square-foot neighborhood center located in Atlanta’s Reynoldstown neighborhood. Delivered in 2018, Madison Yards is anchored by Publix and was 97 percent leased at the time of sale. Other tenants include a mix of national and local tenants across food and beverage, fitness and entertainment, as well as one of the highest-performing AMC Theatre locations in Georgia, according to Newmark. Conor Lalor, Kyle Minter, James Sharpe and Cameron Alexander of Newmark represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
morris-county-shopping-center
Investment salesNew JerseyNews

RIPCO Real Estate Arranges $13.8 Million Sale of 70,000-Square-Foot Shopping Center in Northern New Jersey

by Abby Cox

Morris County, N.J. — RIPCO Real Estate has arranged the $13.8 million sale of a 70,000-square-foot shopping center located along Route 10 in Morris County, approximately 30 miles northwest of New York City. Seth Pollack and Nina Becker of RIPCO Real Estate represented the seller in the transaction and procured the buyer. AMC Theater anchors the retail property, which features a mix of other tenants including Chuck E. Cheese and GolfTec.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Village
CaliforniaInvestment salesNews

Faris Lee Brokers $10 Million Sale of Retail Property in Orange, California

by Abby Cox

Orange, Calif. — Faris Lee Investments has brokered the $10 million sale of The Village, a 47,804-square-foot value-add retail property located in Orange, about 30 miles southeast of downtown Los Angeles. The asset traded for $209 per square foot. Tenants at the center include The Vintage Rose, Legacy Church, Lil Steps Fun Zone and Synergy Salon. Nike Miller of Faris Lee Investments represented the seller and buyer in the transaction. The property was held by the same ownership family since 1964.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Lakefront-Scottsdale-AZ
ArizonaInvestment salesMixed-useNews

Diversified Partners Acquires Site for 100,000-Square-Foot Mixed-Use Project in Scottsdale, Arizona

by Abby Cox

Scottsdale, Ariz. — Diversified Partners has acquired a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a 100,000-square-foot mixed-use redevelopment. The property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury …

Continue Reading
0 FacebookTwitterLinkedinEmail
Parkway-Plaza_california
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $31.5 Million Sale of Grocery-Anchored Retail Center in Metro San Diego

by Abby Cox

El Cajon, Calif. — JLL Capital Markets has arranged the $31.5 million sale of The Shops at Parkway Plaza, a 122,484-square-foot retail center located in El Cajon, approximately 15 miles east of downtown San Diego. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. The buyer was a family office based in Texas. Situated adjacent to Parkway Plaza Mall, a 1.4 million-square-foot super-regional mall, The Shops at Parkway Plaza features a mix of tenants including Aldi, Best Buy, HomeGoods, Texas Roadhouse and Applebee’s.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts