Investment sales

JLL Negotiates Sale of 559,457-Square-Foot Glade Parks Town Center in Suburban Dallas

by Katie Sloan July 11, 2022

Euless, Texas — JLL has negotiated the sale of Glade Parks Town Center, a 559,457-square-foot retail power center located in the eastern Dallas suburb of Euless. Built in phases between 2014 and 2018, the property houses tenants such as Dick’s Sporting Goods, Total Wine & More, Cinepolis, Ulta Beauty, Belk, Michael’s, HomeGoods, EoS Fitness, First Watch, Hopdoddy, Daiso, Old Navy, Burlington, DSW and Massage Envy. Barry Brown, Chris Gerard, Ryan Shore, Greyson Fewin and Matthew Barge of JLL represented the seller, a joint venture led by Iron Point Partners, in …

July 11, 2022

Investment sales News Oregon

Hanley Investment Group Completes Break-Up Strategy at Bend River Village in Oregon

by Katie Sloan July 11, 2022

Bend, Ore. — Hanley Investment Group Real Estate Advisors has completed the break-up of Bend River Village, a Petco-anchored shopping center located in Bend. Two parcels of buildings at the center were sold for a combined $12.2 million. In the first transaction, a two-tenant retail pad occupied by Aspen Dental and America’s Best Contacts & Eyeglasses was acquired by a private 1031 exchange buyer from Newport Beach, California. The 7,501-square-foot building was sold by a developer based in Sun Valley, Idaho, for $5.4 million. Beau Velten, Jeff Lefko and Bill …

July 11, 2022

Florida Investment sales News

Katz & Associates Arranges $10.6 Million Sale of Former HHGregg Store in Boca Raton, Florida

by Katie Sloan July 11, 2022

Boca Raton, Fla. — Katz & Associates has arranged the $10.6 million sale of a former hhgregg store located at 20841 S. State Road 7 in Boca Raton. CIRE Equity purchased the 41,250-square-foot store from an entity doing business as Pan York Glades LLC. Jon Cashion and Daniel Solomon of Katz & Associates represented the seller in the transaction. EoS Fitness, a retail fitness concept based in Phoenix, will backfill the store, which is situated adjacent to a Burlington and PetSmart.

July 11, 2022

2650 N. Perris Blvd. in Perris, California.

California Investment sales News Restaurants

Orange County Private Partnership Sells KFC-Occupied Location in Perris, California in $3.7M

by SCB Staff July 8, 2022

PERRIS, CALIF. — An Orange County, Calif.-based private partnership has completed the disposition of a restaurant property located at 2560 N. Perris Blvd. in Perris. A Riverside County, Calif.-based local family office acquired the asset for $3.7 million, or $1,706.82 per square foot. KFC occupies the single-tenant 2,200-square-foot building, which features a drive-thru, on a net-lease basis. The property was built in 2022. Bill Asher and Jeff Lefko of Hanley Investment Group, along with Greg Bedell of Progressive Real Estate Partners, represented the seller, while Howard Rosenthal and Guy Excell …

July 8, 2022

Florida Investment sales News

Marcus & Millichap Brokers $12.3 Million Sale of Oak Ridge Plaza Shopping Center in Orlando

by Katie Sloan July 1, 2022

Orlando, Fla. — Marcus & Millichap has brokered sale of Oak Ridge Plaza, a 75,701-square-foot shopping center located at 2332 W. Oak Ridge Road in Orlando. Aloma International Properties Inc. purchased the property from an entity doing business as 2332 West Oak Ridge Road LLC for $12.3 million. Nick Ledvora of Marcus & Millichap’s Orlando office procured the buyer in the transaction. Oak Ridge Plaza was 97 percent leased at the time of sale to 19 tenants, including Family Dollar, Biomat USA, La Familia Pawn, United Temps and Boost Mobile.

July 1, 2022

Investment sales Nevada News

CBRE Arranges $7.9 Million Sale of Two-Property Retail Portfolio in Las Vegas

by Katie Sloan July 1, 2022

Las Vegas — CBRE has arranged the $7.9 million sale of a two-property retail portfolio located in Las Vegas. The portfolio spans 17,940 square feet and includes Flamingo Jones Plaza, a 10,712-square-foot, six-tenant retail pad located at the intersection of Flamingo Road and Jones Boulevard; and Tropicana Centre, a 7,228-square-foot, five-tenant retail pad located near the intersection of Tropicana Avenue and Jones Boulevard. Flamingo Jones Plaza was 78 percent leased at the time of sale to tenants including Subway, Marco’s Pizza, Robert James Salon, B&T Nails and Rapid Cash. Tropicana …

July 1, 2022

Florida Investment sales News

JLL Arranges $56.5 Million Sale of River Bridge Centre in West Palm Beach

by Katie Sloan June 6, 2022

West Palm Beach, Fla. — JLL has arranged the $56.5 million sale of River Bridge Centre, a 229,781-square-foot retail center located in the South Florida community of West Palm Beach. Publix anchors the center, which was 86 percent occupied at the time of sale by tenants including Ross Dress for Less, Crunch Fitness, Five Below, Ace Hardware, Chipotle Mexican Grill, MD Now Urgent Care, Humana and Pizza Hut. Positioned on 28.4 acres at 6714-6868 Forest Hill Blvd., the property was constructed in 1986 and renovated in 2005. Danny Finkle, Eric …

June 6, 2022

Georgia Investment sales News

Skyline Seven Negotiates $13.5 Million Sale of Greenbrier Crossing in Atlanta

by Katie Sloan June 6, 2022

Atlanta — Skyline Seven Real Estate has negotiated the $13.5 million sale of Greenbrier Crossing, a 48,515-square-foot retail center located near Greenbrier Mall in Atlanta. The property is anchored by Kroger, which was not included in the sale. The fully occupied center is home to tenants including CVS/pharmacy, Chase Bank, City Gear, Davita Dialysis, Anthem BlueCross BlueShield and CenterWell Primary Care. The buyer, seller and terms of the transaction were undisclosed, though Skyline reports that the property traded at its full list price.

June 6, 2022

Florida Investment sales News

IPA Brokers $9.9 Million Sale of 62,460-Square-Foot Retail Center in Orlando

by Katie Sloan June 6, 2022

Orlando, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $9.9 million sale of Bridgewater Commons, a 62,460-square-foot retail center located in Orlando. The property is anchored by Winn-Dixie and was leased to tenants including Subway, Avalon Dance Studio, Two Guys Pizzeria, Amigos Barbershop, New Shang Hai Restaurant, Winn Dixie Liquors and Greenberg Dental at the time of sale. The center, which was built in 1998, is shadow-anchored by a CVS/pharmacy that was not included in the transaction. Kirk Olson and Drew Kristol of …

June 6, 2022

California Investment sales News

Bolour Associates Acquires 10,400-Square-Foot Retail Center in Woodland Hills, California

by Katie Sloan June 6, 2022

Woodland Hills, Calif. — Bolour Associates has acquired Warner Center, a 10,400-square-foot retail property located at 5780 Canoga Ave. in Woodland Hills. The center is located near LNR Warner Center, an 800,000-square-foot office development. Michael Pakravan and Kyle Pari of Matthews Real Estate Investment Services represented both the buyer and the seller, Flamingo Investments, in the transaction. The new ownership plans to modernize and reposition the center, with planned renovations including facade and exterior upgrades, new landscaping and signage and expanded patio spaces.

June 6, 2022

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