Investment sales

Shops-at-the-Crossing
Investment salesMichiganNews

Marcus & Millichap Brokers $8.9 Million Sale of Retail Center in Auburn Hills, Michigan

by Hayden Spiess

Auburn Hills, Mich. — Marcus & Millichap has brokered the $8.9 million sale of Shops at the Crossing, a retail center located in Auburn Hills. Built in 2002, the property comprises 48,364 square feet. Jared Shapiro, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a private company based in Michigan. The team also procured the buyer, a West Coast-based private fund. The brokerage firm’s Steve Chaben assisted in closing the transaction as the Michigan broker of record.

Continue Reading
0 FacebookTwitterLinkedinEmail
Shops-III-Anatolia-Marketplace
CaliforniaInvestment salesNews

Hanley Arranges $4.8 Million Sale of Retail Pad in Metro Sacramento

by Hayden Spiess

Rancho Cordova, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.8 million sale of Shops III at Anatolia Marketplace, a multi-tenant retail pad in Rancho Cordova, roughly 13 miles outside Sacramento. Tenants at the property, which totals 5,900 square feet, include Popeyes Louisiana Kitchen, Cold Stone Creamery, Jamba and Capriotti’s Sandwich Shop. Bill Asher and Jeff Lefko of Hanley represented the seller, an entity doing business as Anatolia Marketplace LLC. Craig Lewis of Lewis Capital Advisors represented the buyer, a local private investor. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Virginia-Gateway_Gainesville-Va
Grocery-anchoredInvestment salesNewsVirginia

Federal Realty Acquires 665,000-Square-Foot Virginia Gateway Retail Center in Gainesville, Virginia for $215 Million

by Hayden Spiess

Gainesville, Va. — Federal Realty Investment Trust has acquired Virginia Gateway, a 665,000-square-foot retail center situated on 110 acres in Gainesville. The purchase price was $215 million. Tenants at the property, which is organized into five sections and was 95 percent occupied at the time of sale, include Giant Food, HomeGoods, Ulta Beauty, Total Wine & More and Hobby Lobby. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Grandview-Plaza_Florissant-Mo
Grocery-anchoredInvestment salesMissouriNews

Legacy Brokers $13.5 Million Acquisition of Shopping Center in Missouri 

by Hayden Spiess

Florissant, Mo. — Legacy Realty Group Advisors has brokered the $13.5 million sale of Grandview Plaza, a shopping center located in Florissant. Schnucks and Old Time Pottery anchor the property, which totals 297,257 square feet. Daniel Baruch, Jonah Warshaw and Ari Warshaw of Legacy represented the buyer in the transaction, and Chase Young and Mike Joyce of CBRE represented the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens_Tampa-Fla
FloridaInvestment salesNet leaseNews

Marcus & Millichap Arranges $6.1 Million Sale of Single-Tenant Property in Tampa, Florida

by Hayden Spiess

Tampa, Fla. — Marcus & Millichap has arranged the $6.1 million sale of a single-tenant property located in Tampa. Walgreens occupies the building on a net-lease basis. Ronnie Issenberg, Gabriel Britti and Ricardo Esteves of Marcus & Millichap represented the seller, CP Thunder FS LLC, in the transaction. Evan Kristol and Felipe Echarte of Marcus & Millichap secured the buyer, JJR Apartments LLC, and Chris Marks of Marcus & Millichap arranged acquisition financing. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Content PartnersFaris Lee InvestmentsFeaturesFinanceInvestment salesRetail InsightRetailersVideos

Faris Lee: Unlocking Investment Opportunities in Today’s Retail Market

by Sarah Daniels

  At the ICSC LAS VEGAS 2024 conference, Nellie Day of Retail Insight discussed the current investment climate with Shaun Riley, managing principal of Faris Lee Investments. Riley highlights key aspects of the retail environment — discussing interest rates, bid-ask spreads, navigating the market and more. Investor Sentiment and Market Reactions Riley explains that investor sentiment is significantly influenced by interest rates. After two decades of low rates, recent hikes have led to a cautious approach among investors. “A lot of [investors] are waiting out until they see the returns …

Continue Reading
0 FacebookTwitterLinkedinEmail
Spring Creek Centre
ArkansasInvestment salesNews

Cohen & Steers Acquires 403,000-Square-Foot Shopping Center Complex in Fayetteville, Arkansas 

by Hayden Spiess

Fayetteville, Ark.  — An affiliate of Cohen & Steers has acquired a two-property, open-air shopping center complex located in Fayetteville, located in the northwest portion of Arkansas near the Oklahoma and Missouri borders.  Totaling 403,000 square feet, the complex comprises the retail centers Spring Creek Centre and Steele Crossing. Tenants at the properties include T.J. Maxx, Ulta Beauty, Best Buy, Old Navy, PetSmart and Kohl’s. The centers also feature corporately owned Walmart, The Home Depot and Target stores. At the time of sale, the centers were 95 percent occupied.  DLC Management …

Continue Reading
0 FacebookTwitterLinkedinEmail
CVS_Norman-Okla
Investment salesNewsOklahoma

Boulder Group Negotiates $3.7 Million Sale of Single-Tenant Retail Property in Oklahoma

by Hayden Spiess

Norman, Okla. — The Boulder Group has negotiated the $3.7 million sale of a single-tenant retail property located in Norman. CVS/pharmacy occupies the building, which is situated adjacent to a regional hospital. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the California-based buyer in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMassachusettsNews

Atlantic Capital Partners Arranges Sale of 38,243-Square-Foot Shopping Center in Metro Boston

by Hayden Spiess

Burlington, Mass. — Atlantic Capital Partners has arranged the sale of Middlesex Marketplace, a 38,243-square-foot shopping center in Burlington, a northern suburb of Boston. Built in 2013, the property was 89 percent leased at the time of sale. Tenants at the center include Smith & Wollensky, Visionworks, Ideal Image and AFC Urgent Care. Justin Smith, Chris Peterson and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts