Boothwyn, Pa. — JLL Capital Markets has brokered the sale of Larkin’s Corner, a 225,214-square-foot retail center located in Boothwyn. Acme Grocery anchors the property, which was 99 percent leased at the time of sale. Other tenants at the center include McDonald’s, TD Bank and Dollar Tree. Chris Munley, Jim Galbally, Colin Behr, James Graf and Patrick Higgins of JLL represented the seller, Site Centers, in the transaction.
Spring, Texas — Wu Property Management has purchased Cypresswood Court Shopping Center, a 103,047-square-foot retail property located in the Houston suburb of Spring. Target, Best Buy and dd’s DISCOUNTS are the anchor tenants at the center, which was built on 11.3 acres in 1985, according to LoopNet Inc. Wu Property Management has appointed Sturbridge Commercial as the leasing agent.
Norton, Mass. — Marcus & Millichap has brokered the $4.6 million sale of a 10,125-square-foot retail property in Norton, located in the southern part of The Bay State, that is net leased to CVS/pharmacy. The property was built on 1.5 acres in 2000. Laurie Ann Drinkwater and Seth Richard of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
Birmingham, Ala. — JLL has arranged the sale of 280 Station, a 24,760-square-foot shopping center located in Birmingham. Tenants at the property, which was 91 percent leased at the time of sale, include Dunkin’ Donuts, Oasis Nails & Spa, Eyemart Express, Subway, Bedzzz Express, Isbell’s Jewelry, Budget Car Rental, Tint World, State Farm Insurance and Tao Massage. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller and procured the buyer, Crow Holdings Capital.
Miami — Dadeland Greenery LP, an entity sponsored by Orion Capital Partners, has purchased a mixed-use project in Miami for $58 million, with the price subject to the assumption of an existing $39 million mortgage. The property, known as both Greenery Mall and Dadeland Square, features 129,585 square feet situated on an 8.4-acre site, including ground-floor retail space attached to an eight-story, 84,913-square-foot office building. Retail tenants at the property include T.J. Maxx, HomeGoods, Guitar Center, JoAnn Fabric, Mattress Firm, Starbucks Coffee, Don Pan, The UPS Store and Jamba Juice. An …
Southern Shores, N.C. —Klein Enterprises has purchased Southern Shores Marketplace, a 140,000-square-foot shopping center located in Southern Shores. Food Lion anchors the property. Other tenants include Starbucks Coffee, Verizon Wireless, CVS/pharmacy, Jersey Mike’s, OBX Optical and Coastal Rehabilitation. The seller, Aston Properties, recently redeveloped the shopping center and executed new leases with Marshalls, Rack Room Shoes and Five Below. An affiliate of Klein Enterprises purchased the property for an undisclosed price using acquisition financing from TD Bank. Berkeley Capital Advisors brokered the transaction.
Jacksonville, Fla. — SRS Real Estate Partners has brokered the $4.6 million sale of a 3,937-square-foot restaurant building located in Jacksonville. Panera Bread occupies the property, which was constructed earlier this year as an outparcel to Oakleaf Town Center. The 15-year, triple-net lease features scheduled rental increases every five years. Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
Henrico, Va. —Divaris Real Estate has brokered the $18.4 million sale of Merchant’s Walk Shopping Center, a 219,972-square-foot retail center located in Henrico, roughly 10 miles northwest of Richmond. Merchant’s Walk was 97 percent leased at the time of sale to 38 retailers. Food Lion, AutoZone and JoAnn Fabric and Craft anchor the property. Qi Lin purchased the 20-acre property from the undisclosed seller. John Madures of Divaris represented the buyer in the transaction. Qi Lin has retained Divaris to lease Merchant’s Walk, which has two retail availabilities. Divaris Property Management …
Littleton, Colo. — Hawkeye INVSCO has sold a three-property retail portfolio in Littleton to an undisclosed investor for $15.1 million. Totaling 101,103 square feet, the portfolio includes Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center. Marketplace at Ken Caryl comprises 47,606 square feet and was originally built in 1981. Columbine Plaza offers 33,947 square feet of multi-tenant space, and Marina Pointe Shopping Center features 19,550 square feet situated on 1.8 acres. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction.
Chandler, Ariz. — ORION Investment Real Estate has arranged the $4.6 million sale of a retail strip center located in Chandler. Max Taylor & Co. LLC sold the asset to The Yerahmiel Rocky Rotshein Property Trust. The property was fully leased at the time of sale. Nick Miner of ORION represented the seller in the transaction. Simon Asef of DMC Real Estate represented the buyer.
