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High Bluff Capital to Acquire 81-Restaurant Hardee’s Portfolio

by Hayden Spiess

San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …

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ColoradoInvestment salesNews

Westwood Financial Sells 23,847-Square-Foot Shopping Center in Metro Denver

by Hayden Spiess

Greenwood Village, Colo. — Westwood Financial has sold Yosemite Center, a 23,847-square-foot shopping center located in Greenwood Village, roughly 12 miles outside Denver. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill, Jimmy John’s, Advance Auto Parts, Massage Envy, The Joint and D1 Training. CBRE National Retail Partners brokered the transaction. 

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Retail Property in Metro Chicago

by Hayden Spiess

St. Charles, Ill. — Marcus & Millichap has brokered the $4.1 million sale of a 31,650-square-foot retail property located in St. Charles, roughly 40 miles east of Chicago. Blue Goose Market previously occupied the building and closed in March 2022. The buyer, an undisclosed developer, plans to redevelop the property, which was originally built in 2008, into a national-branded grocery store. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented both the seller, a limited liability company, and the buyer. 

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Investment salesNewsTexas

STRIVE Negotiates Sale of 13,563-Square-Foot Retail Strip Center in Metro Houston

by Hayden Spiess

Richmond, Texas — Dallas-based investment sales brokerage firm STRIVE has negotiated the sale of Waterview Town Center, a 13,563-square-foot retail strip center located in Richmond, a southwestern suburb of Houston. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, a locally based developer, in the transaction. 

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Investment salesNew MexicoNews

Westwood Financial Sells 37,442-Square-Foot Shopping Center in Albuquerque, New Mexico

by Hayden Spiess

Albuquerque, N.M. — Westwood Financial has sold Sycamore Plaza, a 37,442-square-foot shopping center located in Albuquerque, for an undisclosed price. Petsmart anchors the property, which was fully occupied at the time of sale. Other tenants include Sally Beauty, Einstein Bros. Bagels, Stretch Zone, GNC, Super Cuts and GameStop. CBRE National Retail Partners represented Westwood in the transaction. 

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FloridaGrocery-anchoredInvestment salesNewsUncategorized

JLL Brokers $39.1 Million Sale of Shopping Center in Jupiter, Florida

by Hayden Spiess

Jupiter, Fla. — JLL Capital Markets has brokered the $39.1 million sale of Bluffs Square Shoppes, a 123,917-square-foot shopping center located in Jupiter. Constructed in 1986, the property is anchored by Publix. Other tenants at the center, which was 98 percent leased at the time of sale, include Walgreens, Uncle Eddie’s, Anthony’s Women Apparel, Goodwill, UPS, Toojay’s Deli and Cafe Solé. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller, Sterling Organization, in the transaction. BPS Partners acquired the property. 

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CaliforniaInvestment salesNews

Faris Lee Arranges $5.9 Million Sale of Retail Pad in Oceanside, California

by Hayden Spiess

Oceanside, Calif. — Faris Lee Investments has arranged the $5.9 million sale of a retail pad located in Oceanside. A recently constructed Starbucks Coffee and Pacific Dental occupy the property, which is situated within Pacific Coast Plaza. Jeff Conover, Don MacLellan, Scott DeYoung and Chris DePierro of Faris Lee represented the seller, a California-based developer. Shaun Riley of Faris Lee represented the all-cash buyer in the 1031-exchange transaction. 

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FloridaInvestment salesNews

Ian Black Real Estate Brokers $8.2 Million Sale of Retail Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Ian Black Real Estate has brokered the $8.2 million sale of Crowder Plaza, a 25,000-square-foot retail center located in Sarasota. Shadow-anchored by Ace Hardware, the center was fully leased at the time of sale to tenants including Big Top Brewery, Goodwill, The Granary, Blossom Nails, The Boutique Out East, Premier Tackle and Domino’s Pizza. George Brusco of Ian Black Real Estate represented the seller, an entity doing business as Crowder Enterprises LLC, in the transaction. Marny Lewis of Berkshire Hathaway HomeServices, Florida Realty represented the buyer, an entity …

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Investment salesNewsTexas

Partners Real Estate Brokers Sale of 13,400-Square-Foot Retail Strip Center in Corpus Christi, Texas

by Hayden Spiess

Corpus Christi, Texas — Partners Real Estate has brokered the sale of River Court Shopping Center, a 14,000-square-foot retail strip center in Corpus Christi. Tenants at the property include First Cash Pawn, Pro Cleaners and Hu-Dat Noodle House. Gustavo Torres of Partners Real Estate represented the seller, an entity doing business as KCP River Court, in the transaction. 

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CaliforniaInvestment salesNews

Wood Investments Cos. Acquires 25,500-Square-Foot Single-Tenant Property in San Clemente, California

by Hayden Spiess

San Clemente, Calif. — Wood Investments Cos. has acquired a 25,000-square-foot single-tenant retail property located in San Clemente for $7 million. The 99 Store occupies the property, which is situated within Pico Plaza shopping center. “The 99 Store has been a good tenant and partner of ours in other centers, and this was another opportunity to partner with them again,” says Patrick Wood, chief executive officer and president of Wood Investments. 

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