Investment sales

Shops-at-Willow-Bend-Plano

Plano, Texas — A partnership between Centennial, Cawley Partners and Waterfall Asset Management has acquired the 1.4 million-square-foot Shops at Willow Bend in Plano. The new ownership plans to redevelop the property, though specific details were not disclosed. Taubman originally developed the shopping center in 2001. Tenants include Neiman Marcus, Dillard’s, Macy’s, Crate & Barrel, Vineyard Vines, H&M, Anthropologie, Equinox and Crayola Experience. California Pizza Kitchen, Wetzel’s Pretzels and Great American Cookies are among the food and beverage tenants. According to Chain Store Age, the seller was Spinoso Real Estate Group.

0 FacebookTwitterLinkedinEmail
Country-Fair-Shopping-Center-Chino-CA

Chino, Calif. — Newmark has arranged the $42.2 million sale of Country Fair Shopping Center, a 168,264-square-foot neighborhood shopping center in Chino. Red Mountain Group acquired the property from a publicly traded REIT based in New York. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller in the deal. At the time of sale, the center was 92 percent occupied by tenants including PetSmart, Rite Aid, Dollar Tree, Harbor Freight Tools, America’s Tires, Kaiser Permanente and Sherwin-Williams.

0 FacebookTwitterLinkedinEmail
Whole-Foods-Westbury

Garden City, N.Y. — JLL has arranged the $65.3 million sale of Whole Foods at Westbury, a 55,109-square-foot shopping center located in the Long Island community of Garden City. Whole Foods Market anchors the property, which is also home to a 4,818-square-foot, freestanding pad site occupied by HSBC Bank and Bond Vet. James Galbally, Chris Angelone, Jose Cruz, Christopher Munley, Andrew Scandalios, Colin Behr and J.B. Bruno of JLL represented the seller, Midwood Investment & Development, in the disposition of the property to an undisclosed private family investment firm. 

0 FacebookTwitterLinkedinEmail

Hyannis and Falmouth, Mass. — Newmark has arranged the sale of two retail centers on Cape Cod for a combined total of $120 million. Dispositions include Southwind Plaza, a 258,110-square-foot, Home Depot-anchored shopping center in Hyannis; and Falmouth Landing, a 279,989-square-foot retail center anchored by Walmart in Falmouth. Southwind Plaza was fully leased at the time of sale to tenants including Whole Foods Market, Kohl’s, Bed Bath & Beyond and Ethan Allen. Additional tenants at Falmouth Landing include Shaw’s Supermarket, TJ Maxx, Michaels and HomeGoods. Robert Griffin, Geoffrey Millerd, Jonathan Martin …

0 FacebookTwitterLinkedinEmail
Ansonia-Landing

Ansonia, Conn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $14 million sale of Ansonia Landing, a retail center located roughly 10 miles west of New Haven in Ansonia. Jim Koury of IPA represented the seller, Ansonia (E&A) LLC, and procured the buyer, RGMZ Acquisitions LLC, in the transaction. Built in 1979, the center was 91.5 percent leased at the time of sale to tenants including Stop & Shop and Ansonia Discount Wine & Liquor. 

0 FacebookTwitterLinkedinEmail
Shoppes-Drexel

Oak Creek, Wis. — Stan Johnson Co. has facilitated the $5.9 million sale of The Shoppes at Drexel, a 10,351-square-foot retail strip center located at 160 West Town Square Way in Oak Creek. The property was fully leased at the time of sale to five tenants including Mod Pizza, Men’s Hair House, Five Guys, Crumbl Cookies and Potbelly. Ronnie Givargis of Stan Johnson represented the seller, a New York-based individual investor, in the disposition of the property to an investment group based in Cedar Rapids, Iowa. Both parties were involved in …

0 FacebookTwitterLinkedinEmail
Starbucks-North-Kansas-City

North Kansas City, Mo. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant property occupied by Starbucks Coffee in North Kansas City. The newly constructed building, which features a drive-thru, is located at 1930 Diamond Parkway near I-35. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller and developer, Woodsonia Real Estate Inc. A Warrensburg, Missouri-based private investor was the buyer.

0 FacebookTwitterLinkedinEmail
Conyers-Crossroads

Conyers, Ga. — JLL has brokered the $82 million sale of Conyers Crossroads, a 465,993-square-foot shopping center in the east Atlanta suburb of Conyers. Serota Properties acquired the center from a joint venture between Hendon Properties and Harbert Management Corp. Built in phases between 2000 and 2005, Conyers Crossroads was fully leased at the time of sale to tenants such as Kohl’s, Belk, AMC Theatres, T.J. Maxx, Best Buy, HomeGoods, Michaels, Old Navy, Five Below and Shoe Carnival. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL represented the seller …

0 FacebookTwitterLinkedinEmail

Yonkers, N.Y. — A joint venture between Nuveen Real Estate, Taconic Partners and North American Properties has acquired Ridge Hill, a 1.2 million-square-foot office and retail development in Yonkers, located north of New York City, for $220 million. Built in 2011, Ridge Hill is currently 71.7 percent leased. Tenants include Whole Foods Market, Lowe’s Home Improvement, Dick’s Sporting Goods, T.J. Maxx, H&M, LA Fitness, L.L. Bean, Showcase Cinemas, Legoland Discovery Center, Guitar Center, The Container Store and Westmed Medical Group. Dave Monahan, Cameron Pittman, Chris Angelone, Jose Cruz and Andrew …

0 FacebookTwitterLinkedinEmail
La-Paz-Village-Laguna-Hills-CA

Laguna Hills, Calif. — Cape Point Development has acquired La Paz Village, a neighborhood shopping center in Laguna Hills. A consortium of private investors sold the property for $23.5 million. Built in 1974 and refurbished in 2012, La Paz Village features 54,566 square feet of retail space. Bill Rose of Institutional Property Advisors, a division of Marcus & Millichap, along with Steven Siegel, Glen Kunofksy and Anthony D’Ambrosia of Marcus & Millichap represented the seller, while Rose procured the buyer in the deal. Damon Wyler of Marcus & Millichap served …

0 FacebookTwitterLinkedinEmail