Plymouth, Ind. — Friedman Real Estate has brokered the sale of Plymouth Plaza in Plymouth, a city in northern Indiana. The new owner plans to repurpose the 60,000-square-foot retail center into a mixed-use development featuring both retail and self-storage space. Steven Silverman and Ryan Wilner of Friedman represented both the buyer and seller in the transaction.
Colton, Calif. — Faris Lee Investments has brokered the $3.8 million sale of Meadow Lane Plaza, a shopping center located in Colton. The triple net lease property was fully occupied at the time of sale. Shaun Riley and Nick Miller of Faris Lee represented both the buyer, a California-based investor, and seller in the transaction.
Austintown, Ohio — The Cooper Commercial Investment Group has arranged the $2.2 million sale of a single-tenant property located in Austintown in Northeast Ohio. Chipotle Mexican Grill occupies the newly developed building on a 10-year, triple net lease. Dan Cooper of Cooper Commercial represented the seller, a private developer. An undisclosed, all-cash buyer purchased the property.
Northridge, Calif. — NewMark Merrill Cos. has acquired Corbin & Parthenia, an 83,668-square-foot retail center located in Northridge, roughly 30 miles outside Los Angeles. The buyer plans to invest in maintenance and upgrades to the property. Jim Patton and Greg Giacopuzzi of NewMark Merrill arranged the transaction, in collaboration with Greg Offsay and Carol Marmor of Illi Commercial.
Kissimmee, Fla. — SRS Real Estate Partners has brokered the $28.4 million sale of WaterStar Orlando, a 79,680-square-foot shopping center under construction in Kissimmee, roughly 18 miles outside Orlando. Equinox Development Properties is the seller and developer of the center, which is scheduled to open within the next few months. Marshalls, Burlington and pOpshelf will anchor the property, which will also house Noire Nail Bar and Keke’s Breakfast Café. An entity doing business as Orlando 22 LLC purchased the center. Kyle Stonis, Pierce Mayson and Kevin Yaryan of SRS’ Investment …
Portage, Ind. — Marcus & Millichap has brokered the $4 million sale of Diamond Plaza, a 26,524-square-foot retail property in Portage. Tarek Chbeir of Marcus & Millichap secured and represented the buyer, a private investor. Josh Caruana, broker of record in Indiana, assisted in closing the transaction.
Corona Del Mar, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sales of three single-tenant properties totaling $22.6 million. Each of the properties is leased to Walgreens. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., arranged the sale of the first property, located in Minneapolis, on behalf of the seller, a California-based private investor. A New York-based private investor purchased the 14,535-square-foot building for $6.6 million. Located in Sugar Grove, Illinois, the second property comprises 14,739 square feet. Bill Asher, Jeff Lefko and …
Bossier City, La. — The Cordish Cos. has announced an agreement to acquire Diamond Jacks Casino & Hotel, located in Bossier City in northwest Louisiana. Subject to approval by the Louisiana Gaming Control Board, Cordish plans to redevelop the property into a casino resort and entertainment destination. Closed since March 2020, the development will be the first in the state of Louisiana under Cordish’s Live! brand, which offers dining, entertainment, casino, hotel and sports-anchored entertainment spaces. The seller and acquisition price were not disclosed. Cordish was the development partner for …
Williamsburg, Va. — Entertainment concept Uptown Alley has purchased the former Yankee Candle building in Williamsburg, with plans to open its fifth entertainment venue. The multilevel, mixed-use building is located on a six-acre site at 2200 Richmond Road. Dawn Griggs and Rob Wright of Cushman & Wakefield | Thalhimer represented the seller, Fulton Bank, in the $4 million sale. Upon completion, which is scheduled before the end of this year, the venue will feature upscale bowling, duckpin bowling, an arcade and a chef-driven restaurant.
Aledo, Euless and Kaufman, Texas — SHOP Cos. has arranged the sale of three retail centers totaling 29,899 square feet in Texas. The first property, Aledo Retail Center, is located in Aledo, roughly 20 miles outside Fort Worth, and comprises 12,428 square feet. SHOP represented the seller, a Texas-based limited liability company. A private local investor acquired the center, which was fully leased at the time of sale. SHOP also represented the sellers of a three-tenant retail property and The Shops at Kings Fort, located in Euless and Kaufman, respectively. …
