Investment sales

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $12.5 Million Sale of Retail Portfolio in Metro Chicago

by Hayden Spiess

Mount Prospect, Ill. — Marcus & Millichap has brokered the $12.5 million sale of a retail portfolio located in the Chicago suburb of Mount Prospect. Built in 2012, the portfolio comprises three buildings occupying a combined 3.6 acres. Tenants at the properties include Chipotle Mexican Grill, Five Guys, Jersey Mike’s Subs, Sports Clips, T-Mobile, GNC, Panera Bread, Nothing Bundt Cakes, Hangry Joe’s, MOD Pizza and Poke Bros. Jeff Rowlett and Matthew Gordon of Marcus & Millichap represented the buyer, Lula Holdings. Maggie Holmes of Northmarq represented the seller, an entity doing …

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IllinoisInvestment salesNews

Mid-America Negotiates Sale of 166,290-Square-Foot Retail Center in Peoria, Illinois

by Hayden Spiess

Peoria, Ill. — Mid-America Real Estate Corp. has negotiated the sale of Metro Centre, a 166,290-square-foot retail center in Peoria. Tenants at the property, which was developed in 1971, include JOANN Fabric and Crafts, Noodles & Co., Sunrise Health Foods, PNC, Great Clips, WW Studio, Kay’s Hallmark, Merle Norman, Holmes Shoes, Le Bakery, Pottstown Meat & Deli and The 50’s Diner. Ben Wineman of Mid-America represented the seller, the original developer, in the transaction. 

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Investment salesMichiganNet leaseNews

Boulder Group Arranges $3.5 Million Sale of Single-Tenant Property in Michigan

by Hayden Spiess

Mount Pleasant, Mich. — The Boulder Group has arranged the $3.5 million sale of a single-tenant property located in Mount Pleasant. Caliber Collision occupies the building, which totals 15,800 square feet, on a 15-year net lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, an Iowa-based corporation, in the transaction. A Delaware-based limited liability company (LLC) was the seller. 

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Company newsIndianaInvestment salesMarylandNewsOhioPennsylvaniaWest Virginia

Parent Company of Circle K Agrees to Acquire 270 GetGo Convenience Stores, Makes ‘Friendly’ Takeover Bid for 7-Eleven Owner

by Hayden Spiess

Laval, Quebec and Cranberry Township, Pa. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo’s portfolio includes 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative …

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ColoradoInvestment salesNews

Marcus & Millichap Arranges $10.8 Million Acquisition Financing for Retail Center in Dallas

by Hayden Spiess

Dallas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.8 million loan for the acquisition of Sam Moon Center, a retail center located in Dallas. Built in 2003, the property totals 126,513 square feet of net rentable space. Robert Bhat of MMCC secured the financing through a local bank on behalf of the undisclosed borrower. 

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ColoradoInvestment salesNews

NewMark Merrill Acquires 26,602-Square-Foot Retail Building in Fort Collins, Colorado

by Hayden Spiess

Fort Collins, Colo. — NewMark Merrill Cos. has acquired a single-tenant retail building located in Fort Collins. Lucky’s Market occupies the property, which totals 26,602 square feet. Lance Taylor represented NewMark Merrill in the transaction on an internal basis. Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield represented the undisclosed seller. 

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Investment salesNew YorkNews

Katz Brokers $7.6 Million Sale of Two Retail Properties in Nanuet, New York

by Hayden Spiess

Nanuet, N.Y. — Katz has brokered the $7.6 million sale of two properties located in Nanuet. Both built in 1973, the properties include a 2,500-square-foot single-tenant building and a 30,000-square-foot multi-tenant building. Chase Bank occupies the single-tenant building, and the multi-tenant building is leased to Tile Shop, Carpet One and Hudson Valley Integrated Medicine. Donny Moskovic of Katz represented both the buyer and seller in the transaction. 

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FloridaGrocery-anchoredInvestment salesNews

Colliers Brokers $33.1 Million Sale of Palm Aire Marketplace in Pompano Beach, Florida

by Hayden Spiess

Pompano Beach, Fla. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the …

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Investment salesNewsVirginia

CRC Acquires 126,304-Square-Foot Retail Center in Winchester, Virginia

by Hayden Spiess

Winchester, Va. — Continental Realty Corp. (CRC) has acquired Creekside Station, a 126,304-square-foot retail center in Winchester. Creekside Properties sold the center for $19.5 million. CRC, which was self-represented in the transaction, purchased the property with funds from the Continental Realty Opportunistic Retail Fund I LP (CRORF), marking the second acquisition in the state this year for the buyer. Built in 2003 and situated within Creekside Town Center, Creekside Station was 95 percent leased at the time of sale. Tenants at the property include Chico’s, J.Jill, Jos. A Bank, IJ Canns …

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CaliforniaInvestment salesNews

Hanley Brokers $5.8 Million Sale of Retail Pad Property in Riverside, California

by Hayden Spiess

Riverside, Calif. — Hanley Investment Real Estate Advisors has brokered the $5.8 million sale of a 6,300-square-foot retail pad property located in Riverside. Chipotle Mexican Grill anchors the three-tenant building, which was built in 2020 and is situated within Veteran’s Plaza. MA Dental is also open at the property, with BHC Chicken scheduled to open in October. Eric Wohl and CJ Kiehler of Hanley represented the developer and seller, Greens Development Inc., in the transaction. Justin Altemus of The Altemus Co. represented the buyer, a 1031-exchange investor. 

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