Irving, Texas — STRIVE has arranged the sale of Irvingate Center, a 29,962-square-foot retail center located in Irving, roughly 14 miles outside Dallas. The property was 86 percent leased at the time of sale. Hudson Lambert and Jason Vitorino of STRIVE represented the Dallas-based seller and procured the buyer, a California-based investor, in the transaction.
Chicago — Marcus & Millichap has brokered the $5.2 million sale of Kedzie Plaza, a retail center totaling 73,876 square feet in Chicago. Tenants at the property include Dunkin’ Donuts, Metro by T-Mobile, Subway, Domino’s and Sally Beauty. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer, a local private investor.
Marcus & Millichap Arranges Sale of 210,482-Square-Foot Retail Center in Rocky Mount, North Carolina
Rocky Mount, N.C. — Marcus & Millichap has arranged $11.8 million sale of Sutter’s Creek Plaza, a 210,482-square-foot retail center located in Rocky Mount. Tenants at the property include Big Lots, Tractor Supply Co., Jo-Ann Fabrics and Harbor Freight Tools. French Traver and Kodi Traver of Marcus & Millichap represented the seller, a Florida-based private investor, in the transaction. Ben Yelm assisted in closing the sale as the North Carolina broker of record. A New York-based private investor acquired the center.
Galveston, Texas — JLL has negotiated the sale of The Plaza at Galveston Island, a 151,905-square-foot shopping center located in Galveston. Built in 1970, the property was 84.5 percent leased at the time of sale to tenants including Dollar Tree, Ross Dress for Less, Five Below, Beall’s Outlet, UPS, AT&T and Whataburger. Ryan West and John Indelli of JLL represented the seller, Harold A. Clark & Co., in the transaction.
Niagara Falls, N.Y. — JRW Realty has brokered the acquisition of a 102,062-square-foot single-tenant supermarket property located in Niagara Falls. Tops occupies the building on a net-lease basis. Melinda Marston of JRW represented the undisclosed buyer in the transaction. Chris Bosworth of CBRE represented the undisclosed seller.
San Diego — Fruit juice concept Sip Fresh has entered a three-unit franchise agreement with operator Kevin Tam for locations in metro San Diego. The deal includes the acquisition of an existing store located in the Westfield UTC Mall and plans for two additional locations in the area. Tam’s previous experience includes concepts Wetzel’s Pretzels and Sweetgreen, as well as other quick service restaurant brands and food trucks. Sip Fresh plans to sign 35 new franchise agreements by the end of the year.
Indian Land, S.C. — JLL Capital Markets has arranged the sale of Promenade at Carolina Reserve, a 221,054-square-foot shopping center located in Indian Land, roughly 20 miles south of Charlotte. TJ Maxx, Burlington, Ross Dress for Less, HomeGoods, Ulta Beauty, Petco and Dollar Tree anchor the property, which was fully leased at the time of sale. Built in 2018, the center is shadow anchored by ALDI. Jim Hamilton, Brad Buchanan, Tom Kolarczyk and Andrew Kahn of JLL represented the seller, Bandera Ventures, in the transaction. Rikky Goswami of Insight Property Group …
Fresno, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $15.8 million sale of Ash Tree Square, a retail center located in Fresno. Tenants at the property, which totals 80,877 square feet situated on 7.5 acres, include Ross Dress for Less, Starbucks Coffee, Wing Stop and Mountain Mike’s Pizza. Alexander Moore, Sean Cox and Kevin Fryman of Hanley represented the private, California-based seller in the transaction. A California-based private investor acquired the property.
Salem, Ohio — The Cooper Commercial Investment Group has arranged the $2 million sale of Salem Market Place in Salem, a city in Northeast Ohio. Tenants at the 16,252-square-foot property include Super Cuts, Sally Beauty Supply, GameStop, Little Caesar’s, Gadget Lab, Alternative Smokes, Hibachi Express and Drayer Physical Therapy. Dan Cooper and Bob Havasi of Cooper Group represented the seller, a West Coast-based investor. The center was 83 percent occupied at the time of sale.
Marietta, Ga. — JLL Capital Markets has brokered the sale of Merchant’s Festival, a 53,559-square-foot retail center located in Marietta, roughly 20 miles northwest of Atlanta. Tenants at the property, which was 85 percent leased at the time of sale, include Which Wich, Leslie’s Swimming Pool Supplies, Verizon, Orange Theory Fitness, Pearle Vision Express and Learning Express Gifts. Target shadow anchors the center. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller, a real estate fund advised by Crow Holdings Capital. Last Mile Investments acquired the property for …