Denver — Essex Financial Group has secured $32 million in acquisition financing for the purchase of 2nd & Josephine, a 105,253-square-foot mixed-use property in Denver. Comprising four buildings, the development was fully leased at the time of sale. Bank of America anchors the property, which features retail and office space, as well as 260 parking spaces. Paul Donahue, Cooper Williams, Nate Schneider and Andrea Mehlem of Essex arranged the seven-year, fixed-rate loan through an undisclosed life insurance company on behalf of the buyer.
Chicago — Mid-America Real Estate Corp. has brokered the sale of 1003 N. Rush St., a luxury retail building in Chicago. The property spans 5,443 square feet and was occupied by fashion retailer Vuori at the time of sale. Joe Girardi and Emily Gadomski of Mid-America represented the seller, an institutional investor. A private family was the buyer.
Kailua, Hawaii — Watumull Properties Corp. has purchased Niumalu Marketplace, a 205,000-square-foot retail center located in Kailua on O’ahu, for $66 million. Safeway anchors the property, which is situated on 20 acres. Wendell Brooks and Kimo Greenwell of JLL will handle leasing at the center, and Big Island Colliers’ Hawaii office will provide property management services.
Montclair, Calif. — Longpoint has acquired Cardenas Marketplace, a shopping center located in Montclair, roughly 30 miles east of Los Angeles, for $22.7 million. Built in 2020 and anchored by Cardenas Market, the property was 91 percent occupied at the time of sale. Other tenants at the center include AT&T and Wendy’s. Alan Krueger, Vanessa Haddad and Masih Waliyar of CBRE represented Longpoint in the transaction.
Fontana, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant retail property located in Fontana. Dutch Bros Coffee occupies the newly constructed 871-square-foot property, which is situated within Highland Village Shopping Center, on a triple-net-lease basis. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments, in the transaction. Jeremy McChesney of Hanley represented the buyer, a private investor.
Sturgeon Bay, Wis. — Marcus & Millichap has arranged the $1.1 million sale-leaseback of a 1,650-square-foot property in Sturgeon Bay, a city in eastern Wisconsin. The single-tenant building is occupied by Jimmy John’s on a net-lease basis. Originally built in 1995, the property was reconfigured for Jimmy John’s in 2017. Damien Yoder and Madison Harman of Marcus & Millichap represented the seller, a private investor. Tom Gommels of Marcus & Millichap secured and represented the buyer, also a private investor. Todd Lindblom assisted in closing the transaction as the Wisconsin …
Waldorf, Md. — First National Realty Partners has acquired Waldorf Marketplace, a 359,484-square-foot shopping center located in Waldorf, approximately 30 miles outside Washington, D.C. A 58,092-square-foot Safeway anchors the property, which is also home to tenants including Hobby Lobby, Jared, Petco, Starbucks Coffee, Wells Fargo, Red Robin, TGI Fridays, Bath & Body Works and Famous Dave’s. The purchase marks First National Realty Partners’ fourth retail center acquisition within the DMV-metropolitan area.
Charlotte, N.C. — EverWest Real Estate Investors has sold Specialty Shops SouthPark, a 65,362-square-foot retail center located in Charlotte, for $40.2 million. Hill Partners purchased the property, which is leased to tenants including Williams-Sonoma, Drybar, Talbots and Paco’s Tacos & Tequila.
Hillsboro, Ore. — Newmark has arranged the sale of The Streets of Tanasbourne, a 371,791-square-foot shopping center located in Hillsboro. Nicholas Bicardo, Nick Kucha and Cheyne Bloch brokered the sale on behalf of the undisclosed seller. Balboa Retail Partners purchased the property. Macy’s, H&M, REI and Sephora anchor the center, which was 93 percent leased at the time of sale.
Ontario, Calif. — SRS Real Estate Partners’ Investment Properties Group has brokered the $54 million sale of New Haven Marketplace in Ontario. Built in 2020, the shopping center totals 95,000 square feet. Stater Bros. anchors the property, which was fully leased at the time of sale. Other tenants include Starbucks Coffee, Chase Bank, Carl’s Jr., Great Clips, Rodeo X Public Market and Brew Haven. Pat Kent and Parker Walter of SRS represented the seller, a California-based developer, in the transaction. Glenn Rudy of Newmark represented the buyer, a California-based family …