Winter Haven, Fla. — Legacy Realty Group Advisors has arranged the $10.3 million sale of Winter Haven Medical Plaza, a retail center located in Winter Haven. Tenants at the 36,637-square-foot property include medical practices and service providers. Jacob Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.
Yucca Valley, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2 million sale of a single-tenant retail property located in Yucca Valley. Built in 2023, the property totals 3,596 square feet. Quick Quack Car Wash occupies the property, which is situated within a Stater Bros-anchored shopping center, on a triple-net ground lease. Bill Asher and Jeff Lefko of Hanley represented the seller, a California-based private partnership, in the transaction. The team also represented the buyer, a Pennsylvania-based private investor. According to Asher, the buyer owns a portfolio of …
Doral, Fla. — An affiliate of The Easton Group has acquired a single-tenant retail property and adjacent parking lot in Doral for $12 million. Situated within Miami International Mall, the property totals 150,108 square feet. JCPenney occupies the building. “We plan on keeping the current tenant in place as long as the rent payments remain current,” says Edward Easton, chief executive officer and chairman of The Easton Group.
Brentwood, Calif. — A joint venture between CenterCal Properties and Heitman has acquired The Streets of Brentwood, a 358,700-square-foot retail center located in Brentwood. The new owners plan to reimagine and enhance the property through the addition of a community gathering space and new retailers and restaurants. “Open-air lifestyle centers have demonstrated strong operating fundamentals post the COVID-19 pandemic,” says Gordon Black, portfolio manager at Heitman. “These fundamentals are further benefitting from minimal new supply and sustained demand from retailers, a trend we believe will continue.”
Harrisonville, Mo. — STRIVE has brokered the sale of Harrisonville Crossing, a 45,260-square-foot retail center located in Harrisonville. The property was 82 percent occupied at the time of sale. Hudson Lambert of STRIVE represented the seller, a California-based investor, and procured the buyer, a Pennsylvania-based investor, in the transaction.
Jackson Township, Lacey Township and Toms River, N.J. — CBRE has arranged the sale of a portfolio comprising three grocery-anchored shopping centers located in Ocean County, roughly 50 miles east of Philadelphia. Pasbjerg Development Co., which developed and managed the properties, was the seller. ShopRite anchors the properties, which include Bay Plaza in Toms River, Jackson Plaza in Jackson Township and Lacey Mall in Lacey Township. Other tenants at Lacey Mall, which totals 173,988 square feet, include T.J. Maxx, Mattress Firm, Firestone, Hand & Stone, UPS, Dollar Tree, Dunkin’, Popeyes and …
Westborough, Mass. — Marcus & Millichap has brokered the $4.8 million sale of Westmeadow Plaza, a retail center located in Westborough, roughly 35 miles west of Boston. Tenants at the 27,867-square-foot property, which was fully leased at the time of sale, include Papa Gino’s, H&R Block, Westborough Dentistry and Spices of India. Evan Griffith, Tony Pepdjonovic and Brett Kilar of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Brandon, Fla. — Cushman & Wakefield has arranged the sale of The Collection at Brandon Boulevard, a 222,406-square-foot shopping center located in Brandon. Tenants at the property, which was fully leased at the time of sale, include Home Centric, Crunch Fitness, Chuck E. Cheese and Kane’s Furniture. Substantially redeveloped in 2019, the property features three outparcels and a 30,000-square-foot anchor space that is currently unoccupied but subject to a long-term lease with Kroger. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of SITE …
Linden, N.J. — SRS Real Estate Partners has brokered the $14.3 million sale of a single-tenant retail building in the Northern New Jersey community of Linden. LA Fitness occupies the property, which totals 41,000 square feet situated on a five-acre site within Legacy Square Shopping Center. Kyle Fant, Britt Raymond, Matthew Mousavi and Patrick Luther of SRS represented the seller, a partnership between Cypress Equities and Stockbridge Capital Group, in the transaction. Josh Kanter and Tony D’Ambrosia of NNN Pro represented the undisclosed buyer. Chris Marks and Steve Filippo of Marcus …
Denver — CenterSquare has purchased Shops at Highpointe, an 18,938-square-foot shopping center in Denver. Built in 2008, the property was 88 percent occupied at the time of sale. Tenants at the center include T-Mobile, Dickey’s BBQ and Red Wing Shoes.
