Investment sales

Merrimack-Village-Center_Merrimack-N.H
Grocery-anchoredInvestment salesNew HampshireNews

IPA Arranges $16.6 Million Sale of 82,292-Square-Foot Retail Center in New Hampshire

by Hayden Spiess

Merrimack, N.H. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the sale of Merrimack Village Center, an 82,292-square-foot retail center located in Merrimack, roughly 50 miles northwest of Boston. An entity doing business as Merrimack Village Center LLC acquired the property for $16.6 million. Shaw’s anchors the center, which was constructed on 10 acres in 2006. Other tenants include Dental Designs of New England, KT Cleaners, Sweet Ginger, Pizzico, Subway, Hana, Bliss Nail Salon, Smoker’s Haven and Supercuts. The property was 99 percent occupied at the time of sale. …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaGrocery-anchoredInvestment salesNews

JLL Brokers $27.5 Million Sale of Retail Center in Tucson, Arizona

by Hayden Spiess

Tucson, Ariz. — JLL Capital Markets has brokered the $27.5 million sale of Rillito Crossing, a 96,424-square-foot retail center located in Tucson. Prairie Hill Holdings acquired the center from Epic Real Estate Partners and Centerbridge. Developed in 2008, the property was 96 percent leased at the time of sale. Sprouts Farmers Market, which recently completed a $1.2 million interior remodel, anchors the center. Other tenants include Sola Salons, LA Fitness, Adrian’s Barbershop, Smoothie Factor, JK Nails, The Joint Chiropractic, The Tea Hub, Dao’s Tai Pan’s and Rita’s Italian Ice Custard. Two …

Continue Reading
0 FacebookTwitterLinkedinEmail
Peachtree-Crossing_Peachtree-City-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Nuveen Acquires 80,7480-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Nuveen Real Estate has acquired Peachtree Crossing, an 80,748-square-foot shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Harbour Real Estate Partners sold the property for an undisclosed price. Built in 1978 and renovated in 2011, the Fresh Market-anchored center was fully leased at the time of sale. Tenants at the property include Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Co. and W. Daly Salon. Brad Buchanan, Jim Hamilton and Andrew Michols …

Continue Reading
0 FacebookTwitterLinkedinEmail
Burger-King
Company newsDevelopmentInvestment salesNew YorkNewsRestaurants

Burger King Owner to Buy Largest Franchisee for $1 Billion

by Hayden Spiess

Toronto and Syracuse, N.Y. — Toronto-based Restaurant Brands International Inc. (RBI) has agreed to acquire Syracuse-based Carrols Restaurant Group Inc. for $1 billion. RBI (NYSE: QSR) owns the Burger King, Popeyes, Firehouse Subs and Tim Hortons brands. Carrols (NASDAQ: TAST) is the largest Burger King franchisee in the United States, operating 1,022 locations in 23 states. Burger King says the transaction is part of its “Reclaim the Flame” plan to accelerate sales growth and drive franchisee profitability. The transaction follows the brand’s initial $400 million investment announced in September 2022 to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Glengary-Shoppes-Sarasota
FloridaInvestment salesNews

Colliers Arranges $30.5 Million Sale of Shopping Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Colliers has arranged the $30.5 million sale of Glengary Shoppes, a 95,489-square-foot shopping center located along South Tamiami Trail in Sarasota. Benderson Development purchased the property from Jacksonville-based REIT Regency Centers. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Built in 1995, Glengary Shoppes was 97 percent leased at the time of sale to tenants including Best Buy and Barnes & Noble. Regions Bank and IHOP occupy outparcels at the shopping center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Marketplace-at-Milan_Milan-Tenn
Investment salesNewsTennessee

Marcus & Millichap Brokers $4.7 Million Sale of Marketplace at Milan in Tennessee

by Hayden Spiess

Milan, Tenn. — Marcus & Millichap has brokered the $4.7 million sale of Marketplace at Milan, a 39,726-square-foot retail center located in Milan in western Tennessee. The property was 96 percent leased at the time of sale. Austin Sweet, Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, an undisclosed partnership. The team also secured and represented the buyer, a private investor. Jody McKibben assisted in closing the sale as the Tennessee broker of record. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Emerald-Island-Rainbow-Club-Casino-Henderson-NV
EntertainmentInvestment salesNevadaNews

LOGIC Commercial Real Estate Brokers Sale of Emerald Island, Rainbow Club Casino in Henderson, Nevada

by Hayden Spiess

Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based company with 45 properties in three states, acquired the properties from Tim Brooks for an undisclosed price. The buyer company is led by Ron Winchell and Marc Falcone. Tim Brooks, former owner, will continue overseeing both properties’ day-to-day operations as general manager. Comprising approximately 2.7 acres, the portfolio features a combined gaming machine count of approximately 768 and each property …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNews

Marcus & Millichap Negotiates $2.5 Million Sale of Two Retail Centers in Normal, Illinois

by Hayden Spiess

Normal, Ill. — Marcus & Millichap has negotiated the $2.5 million sale of two retail centers located in the college town of Normal. The adjacent properties are located near Illinois State University. Totaling approximately 17,500 square feet, the centers are primarily leased to local tenants including a marijuana dispensary, coffee shop, pizza parlor, regional medical provider and laundromat. Eric Bell, Jordan Callaway and Mitchell Kiven of Marcus & Millichap represented the seller, a real estate developer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
7-Eleven_Fountain-Inn-S.C
Investment salesNet leaseNewsSouth Carolina

Marcus & Millichap Arranges $7.3 Million Sale of 4,650-Square-Foot Single-Tenant Property in South Carolina

by Hayden Spiess

Fountain Inn, S.C. — Marcus & Millichap has arranged the $7.3 million sale of a 4,650-square-foot single-tenant property located in Fountain Inn. 7-Eleven occupies the newly constructed property on a 15-year net lease with a corporate guarantee. Austin Weisenbeck, Sean Sharko and Timothy Nichols of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a limited liability company. Benjamin Yelm of Marcus & Millichap assisted in closing the sale as the South Carolina broker of record. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Whataburger
Investment salesNewsRestaurantsTennessee

Quantum Brokers $2.3 Million Sale of Whataburger Ground Lease in Tennessee

by Hayden Spiess

Millington, Tenn. — Quantum Real Estate Advisors has brokered the $2.3 million sale of a new single-tenant property in Millington. Whataburger will occupy the building on a ground-lease basis. The property is currently under construction. Zack Hilgendorf and Nick Hilgendorf of Quantum represented the seller, a Southeast-based developer, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts