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Investment sales

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GeorgiaGrocery-anchoredInvestment salesNews

CBRE Arranges Sale of Publix-Anchored Shopping Center in Atlanta Suburb

by Hayden Spiess

Suwanee, Ga. — CBRE has arranged the sale of The Village Shoppes at Windermere, a Publix-anchored shopping center located in the Atlanta suburb of Suwanee. The 73,404-square-foot property was 93.3 percent leased at the time of sale to tenants including a dry cleaner, martial arts studio, nail salon, orthodontics office and a Mexican restaurant. Phillips Edison & Co. purchased the center from Affinius Capital (formerly USAA Real Estate) for an undisclosed price. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners – Southeast team represented the seller …

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Bradley-Commons-Bradley-Ill
IllinoisInvestment salesNews

RCG Acquires 175,369-Square-Foot Retail Center in Bradley, Illinois

by Hayden Spiess

Bradley, Ill. — RCG Ventures has acquired Bradley Commons, a 175,369-square-foot retail center located in Bradley. Dick’s Sporting Goods, JOANN Fabric and Crafts, Petco, Shoe Carnival and Ulta Beauty anchor the property. Joe Girardi and Rick Drogosz of Mid-America represented the undisclosed seller. Jeff Miller of RCG represented the company on an in-house basis.

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Plymouth-Plaza
DevelopmentIndianaInvestment salesMixed-useNews

Friedman Brokers Sale of 60,000-Square-Foot Retail Center in Plymouth, Indiana

by Hayden Spiess

Plymouth, Ind. — Friedman Real Estate has brokered the sale of Plymouth Plaza in Plymouth, a city in northern Indiana. The new owner plans to repurpose the 60,000-square-foot retail center into a mixed-use development featuring both retail and self-storage space. Steven Silverman and Ryan Wilner of Friedman represented both the buyer and seller in the transaction.

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Meadow-Lane-Plaza
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Brokers $3.8 Million Sale of Shopping Center in Southern California

by Hayden Spiess

Colton, Calif. — Faris Lee Investments has brokered the $3.8 million sale of Meadow Lane Plaza, a shopping center located in Colton. The triple net lease property was fully occupied at the time of sale. Shaun Riley and Nick Miller of Faris Lee represented both the buyer, a California-based investor, and seller in the transaction.

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Chipotle-Austintown-Ohio
Investment salesNet leaseNewsOhioRestaurants

Cooper Commercial Arranges $2.2 Million Sale of Single-Tenant Property in Northern Ohio

by Hayden Spiess

Austintown, Ohio — The Cooper Commercial Investment Group has arranged the $2.2 million sale of a single-tenant property located in Austintown in Northeast Ohio. Chipotle Mexican Grill occupies the newly developed building on a 10-year, triple net lease. Dan Cooper of Cooper Commercial represented the seller, a private developer. An undisclosed, all-cash buyer purchased the property.

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Corbin-Parthenia-Northridge-Calif
CaliforniaInvestment salesNews

NewMark Merrill Acquires 83,668-Square-Foot Retail Center in Metro Los Angeles

by Hayden Spiess

Northridge, Calif. — NewMark Merrill Cos. has acquired Corbin & Parthenia, an 83,668-square-foot retail center located in Northridge, roughly 30 miles outside Los Angeles. The buyer plans to invest in maintenance and upgrades to the property. Jim Patton and Greg Giacopuzzi of NewMark Merrill arranged the transaction, in collaboration with Greg Offsay and Carol Marmor of Illi Commercial.

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WaterStar-Orlando
DevelopmentFloridaInvestment salesNews

SRS Brokers $28.4 Million Sale of Shopping Center Underway in Metro Orlando

by Hayden Spiess

Kissimmee, Fla. — SRS Real Estate Partners has brokered the $28.4 million sale of WaterStar Orlando, a 79,680-square-foot shopping center under construction in Kissimmee, roughly 18 miles outside Orlando. Equinox Development Properties is the seller and developer of the center, which is scheduled to open within the next few months. Marshalls, Burlington and pOpshelf will anchor the property, which will also house Noire Nail Bar and Keke’s Breakfast Café. An entity doing business as Orlando 22 LLC purchased the center. Kyle Stonis, Pierce Mayson and Kevin Yaryan of SRS’ Investment …

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IndianaInvestment salesNews

Marcus & Millichap Brokers $4 Million Sale of Retail Property in Portage, Indiana

by Hayden Spiess

Portage, Ind. — Marcus & Millichap has brokered the $4 million sale of Diamond Plaza, a 26,524-square-foot retail property in Portage. Tarek Chbeir of Marcus & Millichap secured and represented the buyer, a private investor. Josh Caruana, broker of record in Indiana, assisted in closing the transaction.

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Walgreens-Minneapolis
CaliforniaFloridaIllinoisInvestment salesMinnesotaNews

Hanley Brokers Sales of Three Walgreens-Occupied Properties Totaling $22.6 Million

by Hayden Spiess

Corona Del Mar, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sales of three single-tenant properties totaling $22.6 million. Each of the properties is leased to Walgreens. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., arranged the sale of the first property, located in Minneapolis, on behalf of the seller, a California-based private investor. A New York-based private investor purchased the 14,535-square-foot building for $6.6 million. Located in Sugar Grove, Illinois, the second property comprises 14,739 square feet. Bill Asher, Jeff Lefko and …

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Architectural Exterior detail of Porte Cochere with masivee video instialtion on celing at Darian st entrance to Live Casino Hotel Philadelphia
DevelopmentEntertainmentInvestment salesLouisianaNews

Cordish Cos. to Acquire, Redevelop Diamond Jacks Casino & Hotel in Bossier City, Louisiana

by Hayden Spiess

Bossier City, La. — The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana. Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces. The seller and acquisition price were not disclosed. Cordish was the development partner for …

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