Investment sales

Casis-Village_Austin-Texas
Grocery-anchoredInvestment salesNewsTexas

Ivy Cos., 35 South Capital Acquire 48,500-Square-Foot Shopping Center in Austin, Texas

by Hayden Spiess

Austin, Texas — A partnership between Ivy Cos. and 35 South Capital has acquired Casis Village, a 48,500-square-foot shopping center located in Austin. Randalls anchors the property, and other tenants include Tarrytown Pharmacy, Starbucks Coffee, Benchmark Bank, Estilo Boutique, Food Food and L Majors Jewelers. Dan Frey of Endeavor Real Estate Group represented the seller, the Bryant Family, which built the center in 1952. Rue Realty will lead leasing efforts at the property. Heritage Title was the title company for the transaction. 

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Investment salesNewsTexas

Partners Real Estate Arranges Sale of 8,000-Square-Foot Single-Tenant Property in Texas

by Hayden Spiess

Fort Stockton, Texas — Partners Real Estate has arranged the sale of an 8,000-square-foot single-tenant property in Fort Stockton. Dollar General occupies the building. According to LoopNet Inc., the property was originally constructed in 1994. The buyer and seller were both undisclosed investment firms. Evan Altemus of Partners brokered the transaction.

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Shadowwood-Square_Boca-Raton-Fla
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Arranges Sale of 237,498-Square-Foot Shopping Center in Boca Raton, Florida

by Hayden Spiess

Boca Raton, Fla. — Cushman & Wakefield has arranged the sale of Shadowwood Square, a 237,498-square-foot shopping center located in Boca Raton. Constructed in 1982, the property is anchored by Sprouts Farmers Market, Walgreens and Old Navy. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity controlled by Evelyn Langlieb Greer doing business as Shadowwood Square Ltd. An affiliate of Edens acquired the property. 

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DevelopmentInvestment salesMixed-useNew YorkNews

Hart Lyman Co. Buys Great Northern Mall in New York for $9 Million

by Hayden Spiess

Clay, N.Y. —Hart Lyman Co. has purchased Great Northern Mall, a shuttered retail and dining development located in Clay, for $9 million. The new ownership plans to redevelop the 120-acre property into a mixed-use destination. Britt Raymond and Kyle Fant of SRS Real Estate Partners represented the seller, New York-based Kohan Retail, in the transaction. The duo also procured Hart Lyman as the buyer.

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Walgreens_Miami
FloridaInvestment salesNet leaseNews

Marcus & Millichap Brokers $6.9 Million Sale of Single-Tenant Property in Miami

by Hayden Spiess

Miami — Marcus & Millichap has brokered the $6.9 million sale of a single-tenant property located in Miami. Walgreens occupies the building on a net-lease basis. Jonathan De La Rosa and Eduard Toledo of Marcus & Millichap’s Miami office represented the undisclosed buyer in the transaction. 

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EoS-Fitness
ArizonaFloridaInvestment salesNet leaseNews

SRS Real Estate Negotiates $94 Million Sale of Seven EoS Fitness-Occupied Properties in Arizona, Florida

by Hayden Spiess

Arizona and Florida —SRS Real Estate Partners has arranged the $94 million sale of seven single-tenant EoS Fitness properties in Arizona and Florida. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, Barclay Group, in the transaction. A publicly traded REIT acquired the properties. Tyler McRae of SRS, along with Echelon Realty Advisors, was responsible for leasing the assets on behalf of EoS Fitness. The portfolio includes two properties in Mesa, Arizona, comprising 57,803 and 51,716 square feet, as well as properties in Tempe, Scottsdale and Queens Creek, …

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Office-Depot_Albany-Ga
GeorgiaInvestment salesNet leaseNews

Marcus & Millichap Arranges Sale of 29,977-Square-Foot Property in Albany, Georgia

by Hayden Spiess

Albany, Ga. — Marcus & Millichap has arranged the $2.3 million sale of a 29,977-square-foot property located in Albany. Office Depot occupies 19,181 square feet of the building, which was constructed in 1997, on a net-lease basis. Mitch Grant and Nicholas Kanich of Marcus & Millichap brokered the transaction on behalf of the seller, an undisclosed private investor. Robby Pfeiffer of Marcus & Millichap secured and represented the buyer, a limited liability company.

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Sharon-Greens_Cumming_Kroger
GeorgiaGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Arranges $17.5 Million Sale of Kroger-Anchored Shopping Center in Cumming, Georgia

by Hayden Spiess

Cumming, Ga. — Atlantic Capital Partners has brokered the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center located in Cumming, a northern suburb of Atlanta. Justin Smith, Fred Victor, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the institutional seller and secured the buyer. Built in 2001, Sharon Greens spans 98,301 square feet and was 98 percent leased at the time of sale to 21 tenants, including Kroger, Chase Bank and Heartland Dental. 

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Chipotle
CaliforniaInvestment salesNet leaseNews

Hanley Brokers $5 Million Sale of Chipotle-Leased Property in Sacramento, California

by Hayden Spiess

Sacramento, Calif. — Hanley Investment Group has brokered the $5 million sale of a single-tenant property located in Sacramento. Chipotle Mexican Grill occupies the 2,347-square-foot building, which is situated within The Quad District, a new mixed-use development, on a triple-net lease. Bill Asher and Jeff Lefko represented the developer and seller, Chase Partners LTD. KDC constructed the property, which was designed by Vermeltfoort Architects. A California-based buyer purchased the property. 

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Investment salesNet leaseNew YorkNews

Marcus & Millichap Brokers $6.6 Million Sale of Staten Island Retail Property

by Katie Sloan

New York City — Marcus & Millichap has brokered the $6.6 million sale of a 17,734-square-foot retail property on Staten Island that is net leased to Pep Boys. The automotive parts retailer has occupied the space at 1941 Forest Ave. for more than 15 years, and the property can support about 30,000 square feet of new development. Scott Plasky of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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