Santa Ana, Calif. — Tabani Group has acquired Bristol Marketplace, a 107,687-square-foot retail center located in Santa Ana, for $16.7 million. A two-story, 99,751-square-foot space formerly occupied by Kohl’s and adjacent shop space occupy the property. Gleb Lvovich, Daniel Tyner, Geoff Tranchina and Conor Quinn of JLL Capital Markets Investment Sales Advisory represented the seller in the deal.
Coral Springs, Fla. — Continental Realty Corp. (CRC) has sold Cypress Run Marketplace, an 87,000-square foot retail center located in Coral Springs, for $23.3 million. The Q.V.H. Corp. acquired the property, which was constructed in 1989 and was fully leased at the time of sale. Walmart Neighborhood Market anchors the center, and Popeye’s Louisiana Kitchen recently signed a 15-year lease at the property. CRC originally acquired Cypress Run Marketplace in 2015 for $13.6 million and executed more than 17,000 square feet of leases during its ownership. Dennis Carson, Sriram Rajan and …
Melbourne, Fla. — Brookwood Financial Partners has acquired Melbourne Shopping Center, a 211,006-square-foot retail center located in Melbourne. Built in 1959 and renovated in 2022, the property was 92.4 percent leased at the time of sale. Publix anchors the center. Other tenants include Big Lots, Beall’s Outlet, Conn’s, Club 4 Fitness, Dollar Tree, Pet Supermarket, CATO, Pizza Hut and Firestone Complete Auto Care. Danny Finkle, Jorge Portela and Eric Williams of JLL Capital Markets arranged the transaction on behalf of the seller. Andrew Gray and Ryan Parker of JLL secured financing …
Jensen Beach, Fla. — Plaza Advisors has arranged the sale of Palm Breeze Plaza, a 48,110-square-foot shopping center located in Jensen Beach. Winn-Dixie anchors the property, which was fully leased at the time of sale. Other tenants at the center include Winn-Dixie Liquor, Domino’s, Carquest and St. Lucie Medical Specialists. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, FrostPoint Capital, in the transaction. FrostPoint acquired Palm Breeze Plaza in 2020 and completed extensive renovations at the property.
Greensboro, N.C. — Legacy Realty Group Advisors has brokered the sale of a two-tenant retail center located in Greensboro. Papa John’s and ACE Cash Express occupy the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Darien, Ill. — Mid-America Real Estate Corp. has arranged the sale of Chestnut Court in Darien, a southwest suburb of Chicago. Tenants at the property, which totals 172,697 square feet, include Ross Dress for Less and Jo-Ann Fabric. Rick Drogosz, Ben Wineman and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the transaction. First-Tek Inc. acquired the center, and Pine Tree was the property manager at the time of sale.
Auburn, Calif. — Gantry has secured a $9.6 million permanent loan for the acquisition of The Plaza, a retail center located in the Sacramento suburb of Auburn. Situated on 3.4 acres, the property comprises 74,000 square feet of retail space. Tenants at the center include Best Buy, Mel’s Original Diner, Little Caesars Plaza, Mattress Firm, Sola Salon Studios, Garden of Eat’n, Lyon Real Estate, Miracle Ear, Salon Centric and T-Mobile. Tony Kaufmann and Erinn Cooke of Gantry secured the financing on behalf of the borrower, a private real estate company. A …
Bristow, Va. — Sterling Organization has acquired Braemar Village Center, a retail center located in Bristow, roughly 40 miles outside Washington, D.C., for $31.4 million. A 57,860-square-foot Safeway anchors the property, which totals 111,635 square feet. Other tenants at the center include Dunkin’ Donuts, Subway, Bank of America and Arby’s.
Rocky Hill, Conn. — Chozick Realty has brokered the $11 million sale of Hillview Plaza, a 33,799-square-foot retail center located in Rocky Hill, roughly 10 miles south of Hartford. Tenants at the property include Webster Bank, Salute Restaurant and Dunkin Donuts. Tom Boyle and Jordan Pinto of Chozick Realty represented the undisclosed seller and procured the buyer in the transaction.
Palm Desert, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.9 million sale of a retail pad located in Palm Desert. Built in 2008, the property comprises 8,500 square feet across four tenant spaces. Chipotle Mexican Grill anchors the pad, and other tenants include Cornerstone Pharmacy and Luxury Nails & Spa. Bill Asher and Jeff Lefko of Hanley represented the seller in the transaction. Omar Hussein of Beacon Realty Advisors represented the buyer.
