Jacksonville, Fla. — Tampa-based Franklin Street has arranged the sale of a six-property retail portfolio in Jacksonville for $86.3 million. Curbline Properties Corp. (CURB) was the buyer. The deal marks CURB’s largest acquisition to date. The portfolio totals 184,680 square feet and includes Carrie Plaza, Deerwood Station, Julington Square, Southlake Plaza, Roosevelt Plaza and Oakleaf Crossing. Bryan Belk and John Tennant of Franklin Street represented the seller, a local private investor, in the transaction.
Dallas, Texas — STRIVE has arranged the sale of Inwood Plaza, a 9,570-square-foot retail center in Dallas. Jack Hicks and Hudson Lambert of STRIVE represented the seller and sourced the buyer, both Dallas-based investors, in the transaction. Additional terms of the sale were not disclosed.
Davie, Fla. — SRS Real Estate Partners has brokered the $4.9 million ground lease sale of a Wawa convenience store property located in Davie, roughly 24 miles north of Miami. Built in 2016, the Wawa property totals 5,636 square feet and operates on a corporate-guaranteed lease. A South Florida-based development and investment firm sold the property to a private investor from South Florida in a 1031 exchange. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.
Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.
Lawrenceville, Ga. — Marcus & Millichap has arranged the sale and financing of a Walgreens property in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Built in 2004, Walgreens is situated on 1.2 acres. The property is net leased with under 10 years remaining on a corporate-guaranteed, absolute net lease with options to renew. Luke Lamoreaux of Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured acquisition financing for the property. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap’s Detroit office marketed the property …
Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 6,297-square-foot two-tenant retail pad in Coon Rapids, roughly 15 miles outside Minneapolis. Fast-casual restaurant chain Dave’s Hot Chicken and medical spa Chapter Aesthetic Studio occupy the building, which is situated within the Riverdale Commons retail center on a 10-year lease. Dave’s Hot Chicken totals 2,797 square feet, while Chapter Aesthetic Studio totals 3,500 square feet. Jeff Lefko and Bill Asher of Hanley, in association with Robert Wise and Jeff Jiovanazzo of CBRE, …
Queens, New York — Marcus & Millichap has brokered the $4.4 million sale of a 14,257-square-foot retail property in the Jamaica neighborhood of Queens. The three-story property, which was vacant at the time of sale, features 9,280 square feet of ground-floor retail space and roughly 5,000 square feet on the top floors of the building. The property also includes up to 61,920 buildable square feet for residential use. Scott Plasky and Billy Stephan IV of Marcus & Millichap’s Manhattan office marketed the property on behalf of the undisclosed seller and …
Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 3,893-square-foot single-tenant retail pad in the Coon Rapids suburb of Minnesota. Fast-casual restaurant Café Zupas occupies the building, which is situated within the Riverdale Commons retail center, on a 10-year, triple-net-lease basis with scheduled rent increases every five years. Founded in 2004, Utah-based Café Zupas currently operates 70 locations across eight states. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Robert Wise and Jeff Jiovanazzo of CBRE, represented …
Louisville, Colo. — Mt. Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Village Square Shopping Center, a 40,211-square-foot retail property in Louisville, for $9.3 million. The center is shadow-anchored by Shamrock Foods. ZRP has allocated funds to improve the center’s infrastructure and curate a successful tenant mix. Brooke Frey and Christian Chamblee led the ZRP deal team in the transaction. The acquisition of Village Square Shopping Center marks ZRP’s first retail acquisition in the state of Colorado.
Brick, New Jersey — East Windsor, New Jersey-based TFE Properties has acquired The Shops at Brick, a 103,832-square-foot shopping center located in Brick. Bonefish Grill and McDonald’s are tenants at the property. Tenant spaces ranging from 1,700 square feet to 35,000 square feet are vacant and available for lease. Additionally, the property’s former ALDI and Big Lots stores comprise more than 50,000 square feet of vacant space for use. TFE Properties plans to upgrade the building façade. This sale marks the fifth property TFE Properties has acquired in Brick. Kevin …