Boston — Ironside Realty has acquired a 3,300-square-foot single-tenant property located in downtown Boston. 7-Eleven occupies the property on a net-lease basis. A broker represented the undisclosed seller in the transaction, and Ironside was self-represented.
Chicago — Mid-America Real Estate Corp. has arranged the sale of Lawndale Plaza, a 104,240-square-foot shopping center in Chicago’s Lawndale neighborhood. Anchored by Freshway Market, the property is leased to tenants including Citi Trends, Taco Bell, PNC, Rainbow, Cosmo Superstore and O’Reilly Auto Parts. Rick Drogosz and Emily Gadomski of Mid-America represented the seller, Mercer Street Holdings Three. Acre Investment Co. LLC was the buyer.
Ooltewah, Tenn. — Marcus & Millichap has brokered the $5.6 million sale of Wolftever Crossing Shopping Strip, a 12,040-square-foot shopping center located in Ooltewah, roughly 20 miles outside Chattanooga. Tenants at the property, which was built in 2017, include AT&T, Supercuts, Salsarita’s, Firehouse Subs and a standalone AFC Urgent Care. Harrison Creason and Andrew Margulies of Marcus & Millichap arranged the sale on behalf of the seller, a South Carolina-based partnership, and procured the buyer, a California-based private investor. Jody McKibben assisted in closing the transaction as the firm’s broker of …
Summerville, S.C. — JLL Capital Markets has brokered the $29 million sale of Oakbrook Station, a 138,137-square-foot retail center located in Summerville. Lowes Foods anchors the property, which was built in 1997 and renovated in 2017. Other tenants include the U.S. Postal Service, Community Thrift and Dollar Tree. The center was 99 percent leased at the time of sale. Kempner Properties, in partnership with Peter Braus and James Wacht of Lee & Associates, acquired the property. Brad Buchanan, Tom Kolarczyk, Jim Hamilton and Andrew Michols of JLL represented the seller, LBX …
Belleville, Mich. — Marcus & Millichap has arranged the $5.4 million sale of Van Buren Plaza in Belleville, a southwest suburb of Detroit. The 43,765-square-foot retail center was 94 percent occupied at the time of sale by a mix of local, regional and national tenants. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the buyer, a limited liability company.
Cary, N.C. — A partnership between an affiliate of Mack Real Estate Group (MREG) and Soundwater Properties has purchased Maynard Crossing, a 122,091-square-foot shopping center located in Cary, a suburb of Raleigh. Built in 1996, the property was 88 percent leased at the time of sale to tenants including anchor Harris Teeter, Workout Anytime, Doctors Express, Riccobene Family Dentistry, Brigs Restaurant, Kathmandu Kitchen and All American Swim Supply, as well as a newly built outparcel gas station. Tom Kolarczyk, Danny Finkle, Jim Hamilton and Steele Burkett of JLL represented the undisclosed …
Excelsior Springs, Mo. — Legacy Realty Group Advisors has brokered the $2.2 million sale of Truman Center, a shopping center located in Excelsior Springs. The property totals 21,000 square feet and is leased to tenants including Great Clips, Sally Beauty Supply and Cricket Wireless. Jonah Warshaw and Ari Warshaw of Legacy represented both the buyer and seller in the transaction.
Boston — J. Safra Real Estate, an affiliate of international banking and investment firm Safra Group, has agreed to acquire the historic Faneuil Hall Marketplace in downtown Boston. Faneuil Hall traces its origins to 1742, when the site served as a meeting ground and a center of commerce for Boston residents and visitors. Today, the development is home to more than 80 individual businesses. The seller is Ashkenazy Acquisition Corp.
San Jose, Calif. — JLL Capital Markets has arranged a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot retail center in San Jose. Safeway anchors the property, which comprises three buildings situated on 11.6 acres and was fully leased at the time of financing. Other tenants at the center include JoAnn’s Fabrics, McDonald’s, T-Mobile and Savers. Bruce Ganong, Lillian Roos and Matthew Mingrone of JLL secured the ten-year, fixed-rate financing through RGA Reinsurance Co. on behalf of the borrower, Brothers International Holding Corp.
Huntsville, Ala. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 1,725-square-foot single-tenant property located in Huntsville. Strickland Brothers 10 Minute Oil Change occupies the newly constructed property, which is situated within a Publix-anchored shopping center, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the developer and seller, N3 Real Estate. Andy Shipp of Sovereign Partners LLC represented the buyer, a private investor.
