Investment sales

Coleman-Marketplace_Danville-Va
Investment salesNewsVirginia

JLL Arranges Sale of 202,578-Square-Foot Shopping Center in Danville, Virginia

by Hayden Spiess

Danville, Va. — JLL Capital Markets has arranged the sale of Coleman Marketplace, a 202,578-square-foot shopping center located in Danville. Built in 2008, the property was 88 percent leased at the time of sale to tenants including Marshalls, Ross Dress for Less, Old Navy, Michaels, Burkes Outlet, Bath & Body Works and Rack Room Shoes. Tom Kolarczyk, Jordan Lex, Daniel Naughton and Steele Burkett of JLL arranged the transaction on behalf of the seller, Trimont Real Estate Advisors. PECK Properties represented the buyer, entities doing business as JMV SPE LLC, CV …

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CVS_Barnstable-Mass
Investment salesMassachusettsNews

IPA Arranges $29.5 Million Sale of 140,082-Square-Foot Single-Tenant Portfolio 

by Hayden Spiess

Jacksonville, Fla. and Barnstable, Mass. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the $29.5 million sale of a 140,082-square-foot portfolio comprising three single-tenant retail properties. Two of the properties, a 122,358-square-foot store occupied by BJ’s Wholesale and a 7,974-square-foot building occupied by Napa Auto Parts, are located in Jacksonville, Florida. CVS/pharmacy occupies the third property, which totals 9,750 square feet in Barnstable, Massachusetts. Steven Siegel of IPA represented the undisclosed seller and secured the institutional buyer. Ryan Nee and Thomas Shihadeh are Marcus & Millichap’s brokers of record …

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FinanceInvestment salesMassachusettsNew YorkNews

Fantini & Gorga Secures $10 Million Acquisition Financing for Walgreens Portfolio

by Hayden Spiess

Needham, Mass. — Fantini & Gorga has secured $10 million in acquisition financing for a portfolio of four retail properties occupied by Walgreens. Three of the properties are located in Massachusetts, and the fourth is in New York. Casimir Groblewski and Colin Monahan of Fantini & Gorga arranged the debt through multiple banks on behalf of the borrower, Union Station LP, which acquired the portfolio in a 1031 exchange.

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Leesburg-Marketplace
FloridaInvestment salesNews

SRS Arranges Sale of 81,071-Square-Foot Shopping Center in Leesburg, Florida

by Hayden Spiess

Leesburg, Fla. — SRS Real Estate Partners has brokered the $7.5 million sale of Leesburg Marketplace, an 81,071-square-foot shopping center located in Leesburg. The property was 90 percent leased at the time of sale to tenants including Ollie’s Bargain Outlet and Dollar Tree. Kyle Stonis and Pierce Mayson of SRS represented the seller, a Florida-based private investor, in the transaction. An entity doing business as JTT Eagles LLC was the buyer. 

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Investment salesNewsTexas

JLL Negotiates Sale of Two Shopping Centers Totaling 93,757 Square Feet in Houston

by Hayden Spiess

Houston — JLL has negotiated the sale of two adjacent shopping centers totaling 93,757 square feet in Houston. Sunridge Shopping Center and Westchase Plaza comprise 49,359 and 44,398 square feet, respectively. Ryan West, John Indelli, Clay Anderson and Ryan Olive of JLL represented the seller, Whitestone REIT, in the transaction. An entity controlled by Bridgewell Property Management acquired both properties.

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Vans_Long-Beach-Calif
CaliforniaInvestment salesNet leaseNews

SRS Brokers $4.3 Million Sale of Single-Tenant Property in Long Beach, California

by Hayden Spiess

Long Beach, Calif. — SRS Real Estate Partners’ National Net Lease Group has brokered the $4.3 million sale of a single-tenant property located in Long Beach. Vans occupies the 3,749-square-foot building, which was built in 1926, on a triple-net-lease basis. Chris Tramontano and John Redfield of SRS represented the seller. Nathan Holthouser of Coastal Commercial Inc. represented the buyer. 

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Cypress-Creek-Town-Center_Lutz-Fla
FloridaInvestment salesNews

Newmark Brokers $49.6 Million Sale of Shopping Center in South Florida

by Hayden Spiess

Lutz, Fla. — Newmark has brokered the $49.6 million sale of Cypress Creek Town Center Portfolio, a 240,211-square-foot shopping center located in Lutz. Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture and Dollar Tree anchor the portfolio, which comprises four parcels that were fully leased at the time of sale. An undisclosed buyer acquired the properties. Drew Fleming of Newmark arranged the sale on behalf of the seller, Hutton. 

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Investment salesMassachusettsNews

Wilder Acquires 429,285-Square-Foot Walpole Mall in Massachusetts

by Hayden Spiess

Walpole, Mass. — Wilder, in cooperation with an undisclosed partner, has acquired Walpole Mall, a 429,285-square-foot shopping center located in Walpole, roughly 30 miles outside Boston. Atlantic Capital Partners represented both the buyer and seller in the $72 million transaction. Tenants at the property include Kohl’s, Aldi, Barnes & Noble, Old Navy, Panera Bread, Aspen Dental, T-Mobile, PetSmart, X Golf, Five Guys, Wines and More and LA Fitness. Gary Robinson of Wilder will lead leasing efforts at the shopping center. 

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