Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …
Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.
Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails.
Juno Beach, Fla. — Bucksbaum Properties has acquired Plaza La Mer, a 111,000-square-foot shopping center located in Juno Beach. Built in 1988, the property comprises five buildings situated on 10 acres. Tenants at the center include Dunkin’ Donuts, Trustco Bank and Loggerhead Fitness.
Katy, Texas — SRS Real Estate Partners has arranged the $14.6 million sale of a 55,000-square-foot retail building in the Houston suburb of Katy. Kohl’s occupies the property, which is currently under construction, on a triple-net-lease basis. Matthew Mousavi and Patrick Luther of SRS represented the seller and procured the buyer, which acquired the asset via a 1031 exchange.
Spring Hope, N.C. — Legacy Realty Group Advisors has brokered the $4.8 million sale of Spring Hope Commons, a 47,950-square-foot retail center located in Spring Hope. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Woodhaven, Mich. — Marcus & Millichap has brokered the $4.6 million sale of a two-tenant retail property in Woodhaven, a southern suburb of Detroit. Office Depot and Five Below occupy the property. Ashish Vakhariya, Seth Haron and Darin Gross of Marcus & Millichap represented the undisclosed seller. Dylan Wolf and Clayton Brown of Marcus & Millichap represented the cash buyer, which completed a 1031 exchange.
Singer Island, Fla. — Pebb Capital has sold Ocean Walk, a 65,908-square-foot shopping center located in Singer Island, for $19.2 million. Pebb purchased the center in 2017 for nearly $7.6 million, at which time the center was 53 percent leased. The property is now fully leased to tenants including Wings Beachwear, 7-Eleven, Mulligan’s Beach House and Johnny Longboats. Situated on 10.5 acres, Ocean Walk features 492 surface parking spaces, four retail structures and 873 feet of unobstructed oceanfront space. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented …
Arlington, Texas — CBRE has arranged the sale of Cooper Street Plaza, a 91,856-square-foot shopping center in Arlington. The center was 97.5 percent leased at the time of sale. K&G Mens Co. and Office Max anchor the property. Other tenants include Black Rifle Coffee, UPS, State Farm Insurance and Ninja Sushi. Jared Aubrey and Michael Austry of CBRE represented the seller, an undisclosed Texas-based REIT, in the transaction. The buyer was Vista Property Co.
Durango, Colo. — Armstrong Capital Development has purchased Durango Town Center, a shopping center located in Durango. A local private investor sold the asset for $14.5 million. Durango Town Center was 98 percent leased to 20 tenants at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller in the transaction, and Bowlby procured the buyer.