Sunrise, Fla. — Marcus & Millichap has brokered the $5.7 million sale of West Commercial Landings, a retail center located in Sunrise. Tenants at the property, which totals 11,700 square feet and was 87 percent leased at the time of sale, include Huey Magoo’s, McAlister’s Deli, Verizon Wireless and Papa John’s. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, Konover South, in the transaction. Stablewood Properties was the buyer.
Springfield, Ill. — The Cooper Commercial Investment Group has arranged the $1.8 million sale of a single-tenant retail property located in Springfield. Starbucks Coffee occupies the building, which is positioned on a site that serves as an outparcel to Walmart Supercenter, Target and Aldi. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller in the transaction. Starbucks has roughly five years remaining on its lease at the property.
Snellville, Ga. — JLL Capital Markets has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.
Cumming, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.5 million sale of Vickery Village, a 59,601-square-foot retail center located in the Atlanta suburb of Cumming. The shopping center is situated within a larger, 188,000-square-foot mixed-use development dubbed Vickery Village Center. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, an entity doing business as Vickery Village Community LLC, in the transaction. An entity doing business as Vickery Village Retail LLC acquired the center, which was leased to 27 tenants at …
Oakland, Calif. — SITE Centers Corp. has completed the sale of a freestanding retail building located in Oakland for $44.4 million. Whole Foods Market occupies the property. An undisclosed buyer acquired 57,218-square-foot building, which was built in 2007. Eric Kathrein, Geoff Tranchina, Gleb Lvovich and Warren McClean of JLL Capital Markets represented the seller and procured the buyer in the transaction.
Aliso Viejo, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9.4 million sale of a multi-tenant retail building located in Aliso Viejo. Situated within Aliso Viejo Town Center, the building comprises 24,986 square feet. Built in 2004, the property was leased to tenants including Buffalo Wild Wings, Active Med Supply, Cold Stone Creamery and F45 Training at the time of sale. Other tenants at Aliso Viejo Town Center — which totals 380,000 square feet — include Ralphs, Staples, CVS/pharmacy, T.J. Maxx, HomeGoods PetSmart and Regal Cinemas. Sean Cox and …
Voorhees, N.J. — Montana Property Group has acquired Echelon Village Plaza, an 84,933-square-foot retail center located in Voorhees. SITE Centers sold the property for $8.5 million. Tenants at the center include Edge Fitness, Dollar Tree and Buffalo Wild Wings. Atlantic Retail represented the seller in the transaction.
Tulare, Calif. — Faris Lee Investments has brokered the $6 million sale of Tulare Pavilion Shopping Center in Tulare. Tenants at the property include Dollar Tree, Harbor Freight Tools and Big Lots. The center is situated near Tulare Outlet Center, which draws over 4 million visitors each year, according to Faris Lee.
Denver — KPR Centers has acquired University Hills, a retail center located in Denver, for $56.5 million. Supermarket chain King Soopers anchors the property, which totals 210,000 square feet. Other tenants at the center include Michaels, Marshalls, Office Depot, PetSmart, Five Below, Ulta Beauty and Starbucks Coffee. Tom Lagos of Institutional Property Advisors (IPA) represented KPR in the acquisition.
Arvada, Colo. — Pinnacle Real Estate Advisors has brokered the $10.1 million sale of a multi-tenant retail property located in Arvada, roughly 10 miles outside Denver. The property totals 41,163 square feet. Corey Sandberg and Jeff Johnson of Pinnacle represented the seller in the transaction.
