Rowlett, Texas — CBRE has arranged the sale of Expo Center, a 28,119-square-foot shopping center located in Rowlett, roughly 20 miles outside Dallas. Situated on 3.4 acres, the property was fully leased at the time of sale. Tenants at the center include Fresenius Medical Care, Golden Pot Chinese and Opa! Greek Taverna. Jared Aubrey and Michael Austry of CBRE represented the seller, Standridge Cos., in the transaction.
Cincinnati — A joint venture between affiliates of Midland Atlantic Properties and Next Realty has acquired Waterstone Center, a 160,000-square-foot shopping center in Cincinnati. The property was fully leased at the time of sale. Tenants at the center include Best Buy, Ross Dress for Less, Michaels, Old Navy, Petco and Verizon. BWE arranged acquisition financing through Goldman Sachs.
Euless, Texas — STRIVE has arranged the sale of Euless Town Center, a 239,610-square-foot shopping center located in the Dallas-Fort Worth suburb of Euless. Ross Dress for Less and Aldi anchor the property. Other tenants include iT’Z Family Food and Fun, Dirt Cheap, SKECHERS, Sally Beauty, Mid-Cities Animal Urgent Care and Ichiban Buffet. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the transaction.
New York City — Marcus & Millichap has brokered the $11.7 million sale of a retail center located in Brooklyn in New York City. Totaling 26,260 square feet, the property was fully occupied at the time of sale by five ground-floor tenants, with a 12,000-square-foot A+ Kidz Academy occupying the second floor. 7-Eleven and Clean Rite anchor the property. Scott Plasky and Alexander Arustamian of Marcus & Millichap represented the undisclosed seller in the transaction.
Pleasanton, Calif. — Newmark has arranged the sale of Pacific Pearl, a 110,511-square-foot retail center located in Pleasanton. 99 Ranch Market anchors the property, which was developed in 2018. Other tenants include 85 Degrees Bakery, Mochinut, Kura Sushi and Bonchon Chicken. Tourmaline Capital acquired the property and has retained Vestar as manager. Nicholas Bicardo, Bill Bauman, Kyle Miller and Cheyne Bloch of Newmark facilitated the transaction.
Somers, N.Y. — CBRE has arranged the sale of a 68,842-square-foot single-tenant retail property located in Somers, roughly 40 miles north of Manhattan. Stop & Shop fully occupies the building, which is situated within Somers Commons, a 134,760-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Ceruzzi Properties, in the transaction. CBRE also procured the buyer, an undisclosed institutional investor.
Cumming, Ga. — Timber Development has sold a retail center located in Cumming, roughly 40 miles northeast of Atlanta, for $2.8 million. Built in 2019, the property was fully leased at the time of sale to four tenants, including AT&T and Jersey Mike’s, at the time of sale. Ari Ravi and Nate Timmons of Ripco brokered the transaction.
Acworth, Ga — Tobin Real Estate has arranged the $15 million sale of Acworth Crossing Shopping Center, a 120,829-square-foot retail center located in Acworth, a northwest suburb of Atlanta. Built in 2006 on 15.3 acres, the center is leased to tenants including Crunch Fitness, PetSmart, popshelf and Dollar Tree. Louie Granteed of Tobin represented the seller, an entity doing business as Monarch at Acworth Crossing LLC, in the transaction. Collin Cambas and Johnny Craig of Matthews Real Estate Investment Services represented the buyer, an entity doing business as Acworth Properties LLC.
Taylor, Mich. — KJ Commercial has brokered the $10.8 million sale of Goddard Square in Taylor. The property comprises a 77,340-square-foot shopping center, a 6,624-square-foot retail outlot building and an adjoining five-acre land parcel. Tenants include Planet Fitness, Dunham’s Sports, Cattleman’s Grocery and Del Taco. Kevin Jappaya, David Jappaya and Preston Rabban of KJ Commercial represented the undisclosed buyer in the transaction.
Chicago — SVN Chicago Commercial has brokered the $1 million sale of a 5,000-square-foot retail building in Chicago’s Edgewater neighborhood, along with the business sale of the ground-floor restaurant. A local restaurant buyer purchased the building. Marcus Sullivan and Tim Rasmussen of SVN represented the undisclosed seller. Pearl’s formerly occupied the restaurant space.
