Greenwood, S.C. — Cushman & Wakefield has arranged the $10.8 million sale of Westwood Plaza, an 83,354-square-foot retail center located in Greenwood. Planet Fitness, Dollar Tree and Popshelf anchor the center. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the undisclosed seller in the transaction. Prudent Growth Partners acquired the property.
LaGrange, Ga. —Marcus & Millichap has brokered the $3.3 million sale of a newly constructed single-tenant property in LaGrange. Chick-fil-A occupies the 5,000-square-foot property, which is as an outparcel to a new Publix-anchored shopping center, on a 15-year ground lease. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller in the transaction.
Miami Gardens, Fla. — Marcus & Millichap has brokered the $10.1 million sale of Shoppes of Ives Dairy, a 24,517-square-foot retail strip center located in Miami Gardens. Tenants at the property include Wells Fargo, Smoothie King, The UPS Store, Subway, T-Mobile and Foot Locker. Kirk Olson and Drew Kristol of Marcus & Millichap’s Miami office represented the seller, a private investment firm, in the transaction.
San Diego — High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants. “High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic …
Greenwood Village, Colo. — Westwood Financial has sold Yosemite Center, a 23,847-square-foot shopping center located in Greenwood Village, roughly 12 miles outside Denver. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill, Jimmy John’s, Advance Auto Parts, Massage Envy, The Joint and D1 Training. CBRE National Retail Partners brokered the transaction.
St. Charles, Ill. — Marcus & Millichap has brokered the $4.1 million sale of a 31,650-square-foot retail property located in St. Charles, roughly 40 miles east of Chicago. Blue Goose Market previously occupied the building and closed in March 2022. The buyer, an undisclosed developer, plans to redevelop the property, which was originally built in 2008, into a national-branded grocery store. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented both the seller, a limited liability company, and the buyer.
Richmond, Texas — Dallas-based investment sales brokerage firm STRIVE has negotiated the sale of Waterview Town Center, a 13,563-square-foot retail strip center located in Richmond, a southwestern suburb of Houston. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, a locally based developer, in the transaction.
Albuquerque, N.M. — Westwood Financial has sold Sycamore Plaza, a 37,442-square-foot shopping center located in Albuquerque, for an undisclosed price. Petsmart anchors the property, which was fully occupied at the time of sale. Other tenants include Sally Beauty, Einstein Bros. Bagels, Stretch Zone, GNC, Super Cuts and GameStop. CBRE National Retail Partners represented Westwood in the transaction.
Jupiter, Fla. — JLL Capital Markets has brokered the $39.1 million sale of Bluffs Square Shoppes, a 123,917-square-foot shopping center located in Jupiter. Constructed in 1986, the property is anchored by Publix. Other tenants at the center, which was 98 percent leased at the time of sale, include Walgreens, Uncle Eddie’s, Anthony’s Women Apparel, Goodwill, UPS, Toojay’s Deli and Cafe Solé. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller, Sterling Organization, in the transaction. BPS Partners acquired the property.
Oceanside, Calif. — Faris Lee Investments has arranged the $5.9 million sale of a retail pad located in Oceanside. A recently constructed Starbucks Coffee and Pacific Dental occupy the property, which is situated within Pacific Coast Plaza. Jeff Conover, Don MacLellan, Scott DeYoung and Chris DePierro of Faris Lee represented the seller, a California-based developer. Shaun Riley of Faris Lee represented the all-cash buyer in the 1031-exchange transaction.
