Investment sales

McDonalds_Fountain-Valley-Calif
CaliforniaInvestment salesNet leaseNews

Hanley Arranges $3.9 Million Sale of Single-Tenant Property in Southern California

by Hayden Spiess

Fountain Valley, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.9 million sale of a single-tenant property located in Fountain Valley. McDonald’s occupies the 3,500-square-foot property on an absolute triple-net ground lease. Built in 2011, the development is situated on an outparcel adjacent to a Costco. Bill Asher and Jeff Lefko of Hanley, in association with Fred Encinas of Oaks Commercial Real Estate, represented the seller, a California-based family trust, in the transaction. Robert Tran of HPT Realty represented the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail-Center_Flemington-N.J
Investment salesNew JerseyNews

Marcus & Millichap Brokers $7.5 Million Sale of Retail Center in Flemington, New Jersey

by Hayden Spiess

Flemington, N.J. — Marcus & Millichap has brokered the $7.5 million sale of a two-tenant retail center located in Flemington. Dean Zang, David Crotts, Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller, Paramount Realty, in the transaction. Aspen Dental and City MD Urgent Care occupy the property, which totals 7,388 square feet. Tom Georges of Northmarq represented the buyer, a local private investor. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Express
Company newsInvestment salesNew YorkNews

PHOENIX Acquires Majority of Express Retail Assets

by Hayden Spiess

New York City — PHOENIX — a new direct to consumer (DTC) platform led by WHP Global in collaboration with an affiliate of Simon Property Group, Brookfield Properties and Centennial Real Estate — has acquired the majority of apparel brand Express’ retail operating assets. PHOENIX is now the operator of the entirety of the brick-and-mortar and e-commerce portfolio of both Express and Bonobos, which features more than 450 physical stores. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Eastern-Shore-Centre_Spanish-Fort
AlabamaInvestment salesNews

JLL Arranges Sale of 432,158-Square-Foot Shopping Center Near Mobile, Alabama

by Hayden Spiess

Spanish Fort, Ala. — JLL has arranged the $33.2 million sale of Eastern Shore Centre, a 432,158-square-foot shopping center located in Spanish Fort, a suburb of Mobile. Jim Hamilton, Brad Buchanan and Andrew Nichols of JLL represented the seller, Allied Development, in the transaction. Chip Sykes, Hunter Goldberg, Hamp Gibbs and Mikey Minihan, also of JLL, arranged an undisclosed amount of acquisition financing on behalf of the buyer, Wicker Park Capital Management. Dillard’s anchors the property. Other tenants at the center include Belk, Shoe Station, Barnes & Noble, Stock & Trade, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Carillon-Place_Naples-Fla
FloridaInvestment salesNews

Benderson Acquires 250,000-Square-Foot Retail Center in Naples, Florida

by Hayden Spiess

Naples, Fla. — Benderson Development has acquired Carillon Place, a 250,000-square-foot retail center located in Naples. Tenants at the property, which was 92 percent leased at the time of sale, include T.J. Maxx, DSW and Walmart. Other recent acquisitions in the state for Benderson include North River Marketplace, Glengary Shoppes and Linton Commons. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Cityline-at-Tenley_Washington.D.C
FinanceInvestment salesNewsWashington DC

Gantry Secures $22.3 Million Acquisition Financing for Retail Center in Washington, D.C. 

by Hayden Spiess

Washington, D.C. — Gantry has secured a $22.3 million loan for the acquisition of Cityline at Tenley, a retail center located in Washington, D.C. Tenants at the property, which totals 89,000 square feet and is situated within a mixed-use development, include Target, Ace Hardware and Bank of America. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry arranged the seven-year, fixed-rate financing on behalf of the borrower, Lincoln Property Co. A life insurance company provided the loan. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Barrington-Property
Grocery-anchoredIllinoisInvestment salesNews

Next Realty Sells 60,000-Square-Foot Grocery-Anchored Shopping Center in Chicago Suburb

by Hayden Spiess

Barrington, Ill. — An affiliate of Next Realty LLC has sold The Shops at Flint Creek in the northwest Chicago suburb of Barrington to a private investor for an undisclosed price. Heinen’s anchors the 60,000-square-foot property. Additional tenants at the center include Athletico, Ascension Medical Group Illinois, Epic Burger and Club Pilates. Sean Sharko of Marcus & Millichap represented Next, which purchased the property in 2014, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Stevenson-Ranch-Plaza_Santa-Clarita-Calif
CaliforniaInvestment salesNews

Hanley Arranges Sale of 29,817-Square-Foot Shopping Center in Santa Clarita, California

by Hayden Spiess

Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 29,817-square-foot shopping center located in Santa Clarita. Catalyst Real Estate sold the property for an undisclosed price. Tutor Time anchors the center, which was built in 1999 and remodeled in 2023. Kevin Fryman, Ed Hanley, Sean Cox and Alexander Moore of Hanley represented the seller. Edmond Bina of EMB Properties represented the buyer.

Continue Reading
1 FacebookTwitterLinkedinEmail
532-540-N-Azusa-Ave-West-Covina-CA
CaliforniaInvestment salesNews

Progressive Brokers $2.4 Million Sale of Retail Center in Southern California

by Hayden Spiess

West Covina, Calif. — Progressive Real Estate Partners has brokered the $2.4 million sale of a retail center located in West Covina, roughly 20 miles east of Los Angeles. The property, which totals 7,760 square feet, was fully occupied by five tenants at the time of sale. Greg Bedell and Roxanne Klein of Progressive represented the seller, a private investor, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts