Investment sales

North Park Retail
CaliforniaInvestment salesNews

Marcus & Millichap Brokers Sale of 3,200-Square-Foot North Park Retail Property in San Diego

by Hayden Spiess

San Diego — Marcus & Millichap has brokered the sale of North Park Retail, a single-tenant restaurant property at 2884 University Ave. in San Diego’s North Park neighborhood. Carlos Partners LLC sold the property to an entity doing business as 1295 University Family LP for $1.9 million. Built in 1948, North Park Retail features 3,200 square feet of space. The single-tenant property was renovated in 2014 for tenant Saiko Sake and Sushi Bar’s build out. Saiko Sushi plans to close when its lease expires in October, leaving the property available for …

Continue Reading
0 FacebookTwitterLinkedinEmail
LA-Fitness_Doral-Fla
FloridaInvestment salesNews

Limestone Acquires Single-Tenant Property in Doral, Florida for $13.6 Million

by Hayden Spiess

Doral, Fla. — Limestone Asset Management has acquired a single-tenant property located in Doral for $13.6 million. LA Fitness occupies the building, which was built in 2001 and totals 37,500 square feet. Kevin Sanz of Orion Real Estate Group represented the buyer in the transaction. Alex Sharrin of JLL Capital Markets represented the undisclosed seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

Shannon Waltchack Acquires 29,483-Square-Foot Retail Center in Houston

by Hayden Spiess

Houston — Investment and brokerage firm Shannon Waltchack has acquired The Vintage Center, a 29,483-square-foot unanchored retail center located in northwest Houston. Tenants at the property, which was fully leased at the time of sale, include First Community Credit Union, Vintage Smile Family Dentistry, Chicken Salad Chick, Memorial Hermann-GoHealth and Trademark Salon. John Indelli and Ryan West of JLL represented the undisclosed seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesMissouriNews

Cohen & Steers, Phillips Edison Acquire 121,000-Square-Foot Retail Center in Missouri

by Hayden Spiess

Des Peres, Mo. — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Des Peres Corners, a retail center located in Des Peres, in partnership with Phillips Edison & Co. (PECO) The acquisition was made through a programmatic joint venture that is 80 percent owned by CNSREIT and 20 percent owned by PECO. A 74,000-square-foot Schnucks anchors the property, which was built in 2009 and totals 121,000 square feet. The center was 90 percent occupied at the time of sale. 

Continue Reading
0 FacebookTwitterLinkedinEmail
South-Bend-Center_Austin-Texas
FinanceInvestment salesMixed-useNewsTexas

JLL Secures Acquisition Financing for 43,811-Square-Foot Mixed-Use Property in Austin, Texas

by Hayden Spiess

Austin, Texas — JLL Capital Markets has secured acquisition financing for South Bend Center, a mixed-use property located in Austin. Built in 1984, the property totals 43,811 square feet across three buildings, with retail, flex warehouse, restaurant and medical office space. CW Sheehan and Peyton Ackerman of JLL arranged the financing on behalf of the borrower, Duncan Park Capital. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Wilshire-Rodeo-Plaza-Bevelry-Hills-CA
CaliforniaInvestment salesMixed-useNews

Tinder Founder Justin Mateen Leads $211 Million Acquisition of Wilshire Rodeo Plaza Office/Retail Property in Beverly Hills

by Hayden Spiess

Beverly Hills, Calif. — Tinder founder Justin Mateen, his brother Tyler Mateen and their brother-in-law Pouya Abdi have acquired Wilshire Rodeo Plaza, a Class A office and retail complex located at the corner of Rodeo Drive and Wilshire Boulevard in the posh Los Angeles suburb of Beverly Hills. Nuveen sold the asset for $211 million. The 300,000-square-foot property includes three six-story office and retail buildings along Wilshire Boulevard and a three-story office building along Rodeo Drive.  The buyers plan to rebrand the property as One Rodeo, as well as upgrade and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTennessee

TSCG Brokers Sale of 98,466-Square-Foot Retail Center in Metro Memphis

by Hayden Spiess

Cordova, Tenn. — The Shopping Center Group (TSCG) has brokered the sale of Market at Cordova Shopping Center, a 98,466-square-foot retail center located in Cordova, roughly 20 miles east of Memphis. N&L Holdings acquired the property for an undisclosed price. Anchor tenant The Life Church will vacate the center, opening up space that the new owner plans to populate with an Asian supermarket, food hall and community gathering spot. Dubbed Grand Super Market, the gathering spot will occupy the 55,000-square-foot anchor space at the property. John Reed and Hurston Reed of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Heritage-Plaza_New-Fairfield-Conn
ConnecticutInvestment salesNews

CBRE Brokers $6.2 Million Sale of Retail Center in Connecticut

by Hayden Spiess

New Fairfield, Conn. — CBRE has brokered the $6.2 million sale of Heritage Plaza, a 26,403-square-foot retail center located in New Fairfield. Tenants at the property, which was fully leased at the time of sale, include First Step Pre-School and New Fairfield Animal Hospital. Karly Iacono, Dean Rosenzweig and Christopher Betting of CBRE represented the seller in the transaction. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the buyer, an entity doing business as Heritage Acquisitions LLC. The center recently underwent major renovations, including the installation of a new …

Continue Reading
0 FacebookTwitterLinkedinEmail
Whole Foods Market will anchor Doral Marketplace in Doral, Florida.
DevelopmentFloridaGrocery-anchoredInvestment salesMixed-useNews

SJC Ventures, Nuveen to Develop 88,938-Square-Foot Mixed-Use Center in Metro Miami

by Hayden Spiess

Doral, Fla. — SJC Ventures and Nuveen Real Estate have acquired a 10-acre parcel in Doral, roughly 17 miles outside Miami, with plans to develop a mixed-use center at the site. Upon completion, the center will comprise 88,938 square feet. Whole Foods Market will anchor the property, which has been named Doral Marketplace. Other tenants at the center will include Shake Shack, First Watch, GoodVets, The Spot Barbershop, Encore Nails, VIO MedSpa and Apizza Brooklyn Resto + Vino. Doral Marketplace will be situated adjacent to Bridge Point Doral, an industrial park …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chipotle_Ocala
FloridaInvestment salesNet leaseNews

SRS Brokers $3.5 Million Sale of Single-Tenant Property in Central Florida

by Hayden Spiess

Ocala, Fla. — SRS Real Estate Partners has brokered the $3.5 million sale of a newly delivered single-tenant property located in Ocala, a city in Central Florida. Chipotle Mexican Grill occupies the building, which totals 2,490 square feet, on a 15-year, triple-net lease. The property is situated on a one-acre lot near an Aldi, Walmart Supercenter, Lowe’s Home Improvement and Ross Dress for Less. Patrick Nutt and William Wamble of SRS represented the undisclosed seller in the transaction. A Spain-based buyer acquired the property. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts