Investment sales

CBRE Arranges Sale of 16,400-Square-Foot Shopping Center in Edmond, Oklahoma

by Hayden Spiess September 25, 2024

Edmond, Okla. — CBRE has arranged the sale of Shops at Grove, a 16,400-square-foot shopping center located in Edmond. Tenants at the center, which was 92 percent occupied at the time of sale, include AT&T, Qdoba, Great Clips, Inaka Sushi, Sun Lounge and Bloom Beauty Nail and Spa. An entity doing business as HD Investments LLC acquired the property from an entity doing business as South Hampton Center LLC for an undisclosed price. Michael Austry, Jared Aubrey, Stuart Graham and Mark Inman of CBRE represented the seller in the transaction.

September 25, 2024

Investment sales News Texas

Partners Capital Sells 69,037-Square-Foot Retail Property in Austin, Texas

by Hayden Spiess September 24, 2024

Austin, Texas — Partners Capital has sold Trails at 620, a retail property totaling 69,037 square feet across seven buildings in Austin. Shea Petrick and Chris Gerard of JLL represented Partners, which acquired the property in October 2020, in the disposition. Trails at 620 was the last property remaining in Partners’ Fund III.

September 24, 2024

Grocery-anchored Investment sales New York News

IPA Negotiates $14 Million Sale of Upstate New York Shopping Center

by Katie Sloan September 23, 2024

Binghamton, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $14 million sale of Price Chopper Plaza, a 127,000-square-foot shopping center located in the upstate New York community of Binghamton. Regional grocer Price Chopper has been the anchor tenant at the center, which was 97 percent leased at the time of sale, since 1987. Other tenants include Planet Fitness, Big Lots and Dollar Tree. Jim Koury of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

September 23, 2024

Development Georgia Investment sales News

Gwinnett County Acquires 23-Acre Macy’s Site at Gwinnett Place Mall in Metro Atlanta

by Hayden Spiess September 20, 2024

Duluth, Ga. — Gwinnett County’s Urban Redevelopment Agency has acquired Macy’s department and furniture stores totaling 293,059 square feet at Gwinnett Place Mall, a beleaguered regional shopping mall in the northeast Atlanta suburb of Duluth. With this 23-acre acquisition, the county — which initially purchased a 39-acre portion of the Gwinnett Place Mall site in 2021 — will own a total 76 acres at the site. Gwinnett County’s Urban Redevelopment Agency purchased the two Macy’s stores in a $16.5 million sale-leaseback transaction, and Macy’s will continue to operate at the property …

September 20, 2024

Grocery-anchored Investment sales Iowa News

Cleeman Realty Group Arranges Sale of 50,000-Square-Foot Shopping Center in Iowa

by Hayden Spiess September 20, 2024

Shenandoah, Iowa — Cleeman Realty Group has arranged the sale of Orchard Corners, a 50,000-square-foot shopping center located in Shenandoah. Hy-Vee anchors the property, which was 87 percent occupied at the time of sale. Other tenants at the center include Scooter’s Coffee and McDonald’s. Jeremy Scheer of Cleeman represented both the buyer and seller in the transaction.

September 20, 2024

Grocery-anchored Investment sales Maryland News

KLNB Brokers $16.7 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess September 19, 2024

Arbutus, Md. — KLNB has brokered the $16.7 million sale of Arbutus Shopping Center in Arbutus, roughly 10 miles outside Baltimore. Weis Markets anchors the property, which totals 87,939 square feet and was 95 percent occupied at the time of sale. Other tenants at the center include Walgreens, Advance Auto Parts, Dollar Tree and Truist Bank. Meir Duke of Duke Arbutus acquired Arbutus Shopping Center from AmCap Inc., which acquired the property in 1981. Chris Burnham and Vito Lupo of KLNB represented the seller in the transaction, and MFI Realty represented the …

September 19, 2024

Grocery-anchored Investment sales Mississippi News

Legacy Arranges Sale of 110,248-Square-Foot Shopping Center in Ocean Springs, Mississippi

by Hayden Spiess September 19, 2024

Ocean Springs, Miss. — Legacy Realty Group Advisors has arranged the $8.2 million sale of Spring Plaza, a 110,248-square-foot shopping center located in Ocean Springs. Winn-Dixie anchors the property. Jacob Baruch, Jonah Warshaw and Daniel Baruch of Legacy represented the buyer in the transaction. Dex Shill of NAI Latter & Blum represented the seller.

September 19, 2024

Florida Investment sales News

Marcus & Millichap Negotiates $6 Million Sale of Retail Center in Orlando, Florida

by Hayden Spiess September 19, 2024

Orlando, Fla. — Marcus & Millichap has negotiated the $6 million sale of Orange Avenue Plaza, a retail center located in Orlando. Situated near Orlando’s downtown business district, the property comprises seven units. Tarek Chbeir of Marcus & Millichap represented the undisclosed seller in the transaction.

September 19, 2024

Crossroads-of-Taylorsville_Taylorsville-Utah

Investment sales News Utah

CRC Acquires 630,000-Square-Foot Shopping Center in Metro Salt Lake City

by Hayden Spiess September 18, 2024

Taylorsville, Utah — Continental Realty Corp. (CRC) has acquired The Crossroads of Taylorsville, a 630,000-square-foot shopping center located in Taylorville, roughly 12 miles south of Salt Lake City. TriGate Capital was the seller. Target, T.J. Maxx, HomeGoods, Ross Dress for Less, EOS Fitness, Regal Cinema and PetSmart anchor the property, which was 94 percent leased at the time of sale. Originally developed in 1982, the center features 10 buildings and seven separate outparcels and multi-tenant buildings. Mark Damiani of Eastdil Secured represented the seller in the transaction.

September 18, 2024

Grocery-anchored Investment sales News Virginia

Cushman & Wakefield Brokers Sale of 397,605-Square-Foot Shopping Center in Richmond, Virginia

by Hayden Spiess September 18, 2024

Richmond, Va. — Cushman & Wakefield has brokered the sale of White Oak Village Center, a 397,605-square-foot shopping center located in Richmond. Triple BAR White Oak acquired the property, which was 94 percent leased at the time of sale, from an undisclosed seller. Publix, Michaels, PetSmart and JCPenney anchor the center. John Owendoff and Catharine Spangler of Cushman & Wakefield represented the seller in the transaction.

September 18, 2024

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