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Investment sales

Five Rivers Plaza
Investment salesNewsTennessee

Marcus & Millichap Brokers $2 Million Sale of Retail Strip Center in Greater Knoxville Area 

by Abby Cox

Newport, Tenn. — Marcus & Millichap has brokered the roughly $1.97 million sale of Five Rivers Plaza located in Newport, 41 miles east outside Knoxville. The retail center — which totals 40,085 square feet — was fully leased at the time of sale. Family Dollar Tree anchors 55 percent of the property on a five-year lease. There are four years remaining on the lease with five, five-year renewal options. Other tenants at the property include Little Caesars, Cricket Wireless and Vape & Tobacco Shop. Zach Taylor and Eric Abbott of …

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Quakerbridge Shoppes
Investment salesNew JerseyNews

Marcus & Millichap Facilitates $8.3 Million Sale of Retail Center in Hamilton Township, New Jersey

by Abby Cox

Hamilton Township, N.J. — Marcus & Millichap has facilitated the $8.3 million sale of Quakerbridge Shoppes located in Hamilton Township, a suburb of Trenton. The retail center — which totals 42,912 square feet and sits on roughly five acres — houses 18 tenants including Northfield Bank and Villa Maria Restaurant. Alan Cafiero and Brent Hyldahl of Marcus & Millichap marketed the property on behalf of the undisclosed seller and procured the buyer in the transaction. 

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Outlets Nags Head
Investment salesNewsSouth Carolina

Keith Corp. Acquires 82,161-Square-Foot Outlet Center in Nags Head, North Carolina

by Abby Cox

Nags Head, N.C. — Charlotte, North Carolina-based The Keith Corporation has acquired the Outlets Nags Head, an 82,161-square-foot outlet shopping center located on the Outer Banks of North Carolina. Ignite Retail Partners will lead marketing and leasing efforts for the property. Tenants at the center include Aerie, Eddie Bauer, Michael Kors, Talbots, and Vera Bradley, as well as a collection of local retailers like Salt Coast Outfitters, Outer Banks Olive Oil and BROS. Singerman Real Estate sold the property for an undisclosed price.

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Investment salesNewsSouth Carolina

Franklin Street Arranges Sale of Retail Center in Greer, South Carolina, for $8.6 Million

by Abby Cox

Greer, S.C. — Franklin Street has arranged the $8.6 million sale of Suber Commons, a two-building retail center located in Greer, approximately 12 miles from downtown Greenville. The 20,193-square-foot center was fully leased at the time of sale. Tenants at the property include IHOP, Five Guys, Batteries Plus, Heartland Dental and America’s Best Contacts & Eyeglasses. Franklin Street represented the seller, Bond Street REIT, in the transaction. Crow Holdings was the buyer.

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The Shops at Ledgebrook
ConnecticutGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $14.1 Million Sale of Shopping Center in Winsted, Connecticut

by Abby Cox

Winsted, Conn. — Marcus & Millichap has brokered the $14.1 million sale of The Shops at Ledgebrook located in Winsted, approximately 24 miles southeast of Hartford. Built in 1989, the center totals 105,499 square feet and sits on 14 acres. The property — which is anchored by a 52,704-square-foot Stop & Shop Supermarket — features tenants including Webster Bank, Ledgebrook Spirit Shop, Community Residences Inc., Sophia’s Pizza Restaurant and China Delight. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller, a New York-based private investor and …

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The Home Depot
AlabamaInvestment salesNews

SRS Brokers $7.7 Million Sale of Home Depot Property in Dothan, Alabama

by Abby Cox

Dothan, Ala. — SRS Real Estate Partners has brokered the $7.7 million ground lease sale of a retail property located in Dothan. Built in 2004 and situated on 10.4 acres, The Home Depot occupies a 128,517-square-foot retail store on the site, which is adjacent to Northside Mall. Patrick Luther and Matthew Mousavi of SRS represented the seller, a Texas-based partnership, in the transaction. The buyer was a private investment firm based on the East Coast.

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Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of Retail Center in Middletown Township, New Jersey, for $5.8 Million

by Abby Cox

Middletown Township, N.J. — Marcus & Millichap has arranged the $5.8 million sale of a retail center located in Middletown Township, roughly 44 miles outside New York City. Benjamin Moore Paints anchors the 29,411-square-foot center, which houses 10 tenants and sits on 1.9 acres. Alan Cafiero, Brent Hyldahl and Seth Goldberg of Marcus & Millichap marketed the property on behalf of the undisclosed seller and procured the buyer in the transaction.   

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Investment salesNewsTexas

STRIVE Arranges Sale of 17,112-Square-Foot Retail Center in Mansfield, Texas

by Abby Cox

Mansfield, Texas — STRIVE has arranged the sale of Village at Broad II, a 17,112-square-foot retail center located in Mansfield, roughly 22 miles southwest of Dallas. The property was fully leased at the time of sale. Hudson Lambert of STRIVE represented the seller, a local developer partnership, and sourced the buyer, a Nebraska-based investor, in the transaction. Additional terms of the sale were not disclosed.

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Kruse Commons
Investment salesNewsOhio

Cooper Commercial Brokers $7.1 Million Sale of Retail Property in Solon, Ohio

by Abby Cox

Solon, Ohio — Cooper Commercial Investment Group has brokered the $7.1 million sale of Kruse Commons located in Solon, roughly 20 miles southeast of Cleveland. The two-building retail property, which stands at approximately 26,000 square feet, is anchored by Panera Bread and ice cream shop Mitchell’s Homemade. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group based in the Cleveland area. A Midwest-based fund purchased the property at a cap rate of 6.75 percent or $276 per square foot. Kruse Commons was 78 percent leased …

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Blue Grotto Plaza
FloridaInvestment salesNews

Marcus & Millichap Facilitates $8.4 Million Sale of Retail Center in Miami

by Abby Cox

Miami — Marcus & Millichap has facilitated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.

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