Lockport, N.Y. — Cleeman Realty Group has arranged the sale of a net-leased, single-tenant retail property located in Lockport, approximately 22 miles north of Buffalo. Tops Friendly Markets occupies the 55,000-square-foot building, which is situated on 5.6 acres. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented both the buyer and seller in the transaction.
Los Angeles — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.
Springfield, Ill. — Cushman & Wakefield has brokered the sale of White Oaks Plaza, a 320,933-square-foot regional shopping center located in Springfield. The sales price was not disclosed, but Cushman & Wakefield states that the transaction represents one of the largest open-air shopping center deals in the region’s history. The property is home to more than 50 retailers and is anchored by Kohl’s, as well as T.J. Maxx, HomeGoods and Sierra. Additional tenants include Harvest Market, Chili’s Grill & Bar, Olive Garden, Petco and a freestanding Skechers outlet. The center is …
North Port, Fla. — Marcus & Millichap has arranged the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located in North Port. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor. Drew Kristol and Kirk Olson, …
Cedar Park, Texas — Headwall Investments has acquired Cypress Creek Village, a 28,566-square-foot retail center located in Cedar Park, a northern suburb of Austin. Built in 2001 on nearly 4.5 acres, Cypress Creek Village was 82 percent leased at the time of sale to tenants including Pure Barre, Pizza Hut, Starbucks Coffee, Nathalie’s Donuts, Taco Palenque and Tuscano Italian Kitchen. Dillon Hurley of Argali CRE represented the buyer in the transaction. Shea Petrick, Erin Lazarus Myer and Kelly Anna Geiser of JLL represented the undisclosed seller. This transaction marks the …
Chesapeake, Va. — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Castle Shops, a 37,309-square-foot retail strip center located in Chesapeake, for $5.4 million. Dollar Tree anchors the two-building property, which was fully leased at the time of sale. Additional tenants include CHKD Thrift Store, Boost Mobile and Liberty Tax. Jeff Fritz and Jay O’Donnell of Colliers represented the seller in the transaction. George Fox, also of Colliers, served as the leasing agent.
Belgrade, Mont. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly constructed, single-tenant property located within the master-planned community of The Foundry in Belgrade, approximately 11 miles northwest of Bozeman. An Amazon facility occupies the 52,300-square-foot building. Eric Wohl and CJ Kiehler of Hanley, in association with locally based Venture West Development LLC, represented the seller. Samer Khalil of Newmark represented the buyer, a New York-based private 1031 exchange investor. The sales price was not disclosed.
Stockbridge, Ga. — A joint venture between ShopOne Centers REIT Inc., Pantheon and an undisclosed global institutional investor have purchased Stockbridge Lakes, a 78,605-square-foot shopping center located in Stockbridge, roughly 20 miles southeast of Atlanta. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Marietta, Georgia-based Retail Planning Corp. was the seller. Publix anchors the shopping center, which also houses Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry and Domino’s Pizza. Stockbridge Lakes has approximately 9,000 square feet of available space.
Brentwood, Tenn. — Conshohocken, Pennsylvania-based CenterSquare has sold Brentwood Corners, a 22,268-square-foot retail center located in Brentwood, approximately 11 miles south of downtown Nashville. GBT Realty Corp. purchased the center for $10.4 million, as reported by the Nashville Business Journal. Built in 1988 and renovated in 2023, Brentwood Corners was 100 percent leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness and the newly opened 100 Pizza. CenterSquare originally acquired Brentwood Corners in late 2022 at 83 percent occupancy.
Elk Grove, Calif. — Los Angeles-based private investment company Bershon Realty Co. LP has acquired The Shops at Laguna Reserve, a 33,308-square-foot shopping center located in Elk Grove, approximately 15 miles south of Sacramento. The purchase price was $19.2 million. The Shops at Laguna Reserve features six pad buildings, along with a Safeway that shadow anchors the property. Safeway was not included in the transaction. Other tenants at the center — which was fully leased at the time of sale — include Starbucks Coffee, Pacific Dental, Bank of America and Round …
