Fort Collins, Colo. — A joint venture of entities doing business as Stover LLC, Cheyenne I LLC, Cheyenne II LLC and Meldrum LLC has purchased a 9,100-square-foot retail building located in Fort Collins. Built in 2021, the property is fully leased to Dollar General. Jared Goodman and Anne Spry of Cushman & Wakefield represented the buyer in the transaction. John R. Wertz of Wertz Real Estate & Investment Services represented the seller, an entity doing business as Wellington CO DG LLC.
Sunrise, Fla. —Azor Advisory Services has brokered the $13.9 million sale of The Sawgrass Home Design Center, a retail center located in Sunrise, approximately 30 miles northwest of Miami. The 45,000-square-foot property was 83 percent leased at the time of sale to tenants including DXL Casual Male, Bella Salon Suites, Lighting Outlet, Compass Research and Caremax. Beth Azor of Azor represented the seller, a partnership doing business as FVP Sawgrass LLC, which originally acquired the property in 2011. Apogee Realty Inc. and Capital Group Realty 2004 LLC represented the buyer, …
Oviedo, Fla. — Legacy Realty Group Advisors has arranged the $6.5 million sale of Lockwood Village, a shopping center located in Oviedo, approximately 20 miles northeast of Orlando. Winn-Dixie anchors the 54,372-square-foot property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Raleigh, N.C. — JLL Capital Markets has arranged the sale of Wakefield Crossing, a 75,927-square-foot retail center located in Raleigh. Food Lion anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include Tuesday Morning, Subway, Dante’s Italiano, Wakefield Tavern and Wake Health Medical Group. Wakefield Wellons LLC acquired the property, which was built in 2001. A JLL team led by Tom Kolarczyk represented the undisclosed seller in the transaction.
Hammond, Ind. — Marcus & Millichap has arranged the $4.6 million sale of a 14,158-square-foot retail center in Hammond, approximately 30 miles outside Chicago. Built in 2017, the property is leased to tenants including American Renal Associates. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, a developer based in Hobart, Indiana. A 1031-exchange investor purchased the property.
Danville, Va. — Legacy Realty Group Advisors has brokered the $4.1 million sale of Cain Creek Shopping Center, a 60,000-square-foot retail center located in Danville. Food Lion and Family Dollar anchor the property, which was fully occupied at the time of sale. Jacob Baruch of Legacy represented both the buyer and seller in the transaction.
Allen, Texas — JLL has negotiated the sale of Twin Creeks Marketplace, a 43,134-square-foot shopping center located in the northeastern Dallas suburb of Allen. Sprouts Farmers Market anchors the center, which was built in 2016 and was fully leased at the time of sale. Other tenants include Starbucks Coffee, Verizon Wireless, ATI Physical Therapy and Advancial. Chris Gerard, Adam Howells, Caroline Binning, Pauli Kerr and Cole Sutter of JLL represented the undisclosed seller in the transaction.
Naples, Fla. — Tobin Real Estate has brokered the $6.3 million sale of Commons on Collier, a shopping center located in Naples. Built in 2018 and located on a Walmart Supercenter outparcel, the property comprises 12,601 square feet. Tenants at the center include Supercuts, Domino’s Pizza and the Collier County Tax Collector. Louie Granteed of Tobin represented the undisclosed seller, and Matt Stepan of Premier Commercial represented the buyer in the transaction.
Middleton, Mass. — Matthews Real Estate Investment Services has negotiated the $7.7 million sale of a 14,440-square-foot retail property located in Middleton, a northern suburb of Boston. Walgreens occupies the property on a net-lease basis. Grant Korn and Maxx Bauman of Matthews Real Estate represented the seller, Newport Property Corp., in the transaction. A New York-based private investor acquired the asset via a 1031 exchange.
New Port Richey, Fla. — Franklin Street has arranged the sale of a 104,201-square-foot, single-tenant retail property located in New Port Richey, roughly 40 miles northwest of Tampa. Grant Equities LLC acquired the property for $7.2 million. Bryan Belk, John Tennant and Zack McNamara of Franklin Street represented the seller, an affiliate of Vanguard Associates Inc. Built in 1987 and situated within Pasco Square shopping center, the building is fully occupied by retailer Bealls. Zack McNamara of Franklin Street previously negotiated a new, long-term lease with the tenant on behalf …
