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Investment sales

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IllinoisInvestment salesNews

Colliers Arranges $10.5 Million Sale of Eight-Property Retail, Industrial Portfolio in Metro Chicago

by Hayden Spiess

Chicago — Colliers has arranged the $10.5 million sale of a portfolio comprising seven retail properties and one industrial building in metro Chicago. The sale represents the first part of a multi-phase transaction that includes 22 retail properties, three land sites and one industrial building. Peter Block and Rachel Patten of Colliers represented the seller, a family office, in the disposition of the properties to Arnold Meyer & Co. Block expects to close on the remaining properties in the portfolio this summer.

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Investment salesNewsTexas

SHOP Cos. Brokers Sale of 23,609-Square-Foot Shopping Center in Dallas-Fort Worth Metro

by Hayden Spiess

Frisco, Texas — SHOP Cos. has brokered the sale of Custer Road Commons, a 23,609-square-foot shopping center located in Frisco, roughly 30 miles north of Dallas. Situated on 4.3 acres, the center was fully leased at the time of sale to tenants including Starwood Café, My Eyelab, Jason’s Deli, Zenith Clinic and Novuskin. Tim Axilrod and Tayler Rose of SHOP Cos. represented the undisclosed seller in the transaction.

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CaliforniaInvestment salesNews

CBRE Brokers $40 Million Sale of Retail Center in Coronado, California

by Hayden Spiess

 Coronado, Calif. — CBRE has brokered the $40 million sale of Coronado Plaza, a 41,949-square-foot retail center located in Coronado. Built in 1981, the three-story property is situated on one block across from the Hotel Del Coronado. Reg Kobzi, Joel Wilson and Michael Peterson of CBRE’s San Diego office represented the seller, an entity doing business as PREF Coronado Plaza LLC, in the transaction.

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FloridaInvestment salesNews

WS Development, PGIM Acquire 550,000-Square-Foot Retail Center in Viera, Florida

by Hayden Spiess

Viera, Fla. — WS Development and PGIM Real Estate have acquired The Avenue Viera, a 550,000-square-foot open-air retail center in Viera. Situated within the 43,000-acre master-planned Viera community, the property features more than 80 retail, restaurant and entertainment tenants. WS Development will assume management of the center.

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IllinoisInvestment salesNews

Mid-America Brokers Sale of 46,582-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Darien, Ill. — Mid-America Real Estate Corp.’s Investment Sales Group has brokered the sale of Darien Shopping Center, a 46,582-square-foot retail center located in the Chicago suburb of Darien. The property was fully leased at the time of sale to tenants including American Freight, Concentra Urgent Care, Chuck E. Cheese and World Star Nails & Spa. Emily Gadomski and Rick Drogosz of Mid-America brokered the sale on behalf of a private seller.

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CaliforniaInvestment salesNet leaseNews

Hanley Arranges $2.4 Million Sale of Single-Tenant Property in Southern California

by Hayden Spiess

El Centro, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.4 million sale of a single-tenant retail property located in El Centro. The 2,940-square-foot building is occupied by 7-Eleven on a 15-year, triple-net ground lease. Bill Asher and Jeff Lefko of Hanley represented the seller, Imperial Retail Investments LLC, in the transaction. A self-represented, California-based private investor purchased the property.

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FinanceInvestment salesNewsTexas

MMCC Arranges $5 Million Acquisition Loan for Retail Property in McKinney, Texas

by Hayden Spiess

McKinney, Texas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5 million acquisition loan for an undisclosed retail property located in the northern Dallas suburb of McKinney. A medical clinic and dollar store anchor the property, which was built in 2020. Adam Pike of MMCC arranged the debt.

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AlabamaInvestment salesNews

Albanese Cormier Acquires 430,792-Square-Foot Shopping Center in Huntsville, Alabama

by Hayden Spiess

Huntsville, Ala. — Albanese Cormier has acquired Valley Bend at Jones Farm, a 430,792-square-foot shopping center located in Huntsville. Tenants at the property include HomeGoods, Dick’s Sporting Goods, Hobby Lobby, Marshalls and PetSmart. A separately owned SuperTarget and 10 outparcels are also located at the center, which spans 57.8 acres and attracts 6 million annual visitors.

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FinanceInvestment salesNewsTexas

Axiom Arranges $6.4 Million Acquisition Financing for Single-Tenant Property in Dallas-Fort Worth Metro

by Hayden Spiess

Lewisville, Texas — Axiom Capital Corp. has arranged a $6.4 million permanent, fixed-rate loan for the acquisition of a single-tenant retail property located in Lewisville, roughly 30 miles northwest of Dallas. A specialty grocer occupies the 48,427-square-foot building, which is situated on 3.2 acres.

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