Investment sales

taco-bell
Investment salesNet leaseNewsOhio

Cooper Group Brokers $1.9 Million Sale of Ground Leased Taco Bell Property in Kent, Ohio

by Hayden Spiess

Kent, Ohio — The Cooper Commercial Investment Group has brokered the $1.9 million sale of a single-tenant, ground-leased property occupied by Taco Bell in Kent. Constructed in 2019, the net-leased building serves as an outparcel to Maplecrest, a shopping center anchored by Meijer and Menard’s. Dan Cooper of Cooper Group represented the seller, a private investment group based in Northeast Ohio. The undisclosed buyer purchased the property at 99 percent of its list price, which represented a cap rate of 4.52 percent and $897 per-square-foot.

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IllinoisInvestment salesNet leaseNews

Marcus & Millichap Arranges $2 Million Sale of Starbucks-Occupied Building in Metro Chicago

by Hayden Spiess

Batavia, Ill. — Marcus & Millichap has arranged the $2 million sale of a 2,225-square-foot retail building in Batavia, approximately 40 miles west of Chicago. Constructed in 2022, the build-to-suit property is net-leased to Starbucks Coffee. The building features a drive-thru and outdoor seating. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a Chicagoland limited liability company. The duo also secured and represented the buyer, a Wisconsin-based private investor.

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Sam's Crossing
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges Sale of 65,785-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Decatur, Ga. — Colliers has arranged the sale of Sam’s Crossing, a 65,785-square-foot shopping center located in Decatur, a northeast suburb of Atlanta. Publix Super Markets anchors the center and was the buyer in the transaction. In addition to the new, 53,785-square-foot grocery store, tenants at the property include DECA Dental, Planet Smoothie, Jersey Mike’s and Jeremiah’s Italian Ice. Joe Montgomery, Scott Israel and Henry Kushner of Colliers’ Retail Investment Sales team represented the seller, Alliance Realty Services, in the transaction.

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CaliforniaInvestment salesNet leaseNews

JLL Brokers $4.4 Million Sale of Single-Tenant Retail Property in San Jose, California

by Hayden Spiess

San Jose, Calif. — JLL has arranged the sale of a single-tenant retail building located in San Jose. An undisclosed seller sold the asset to a private capital exchange buyer for $4.4 million. Citibank occupies the 7,986-square-foot property on a triple-net lease with six years of the lease term remaining. Eric Kathrein, Warren McClean and Andrew Spangenberg of JLL Retail Capital Markets represented the seller and procured the buyer in the deal.

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89-West-Road-2-Chino-Valley-AZ
ArizonaInvestment salesNet leaseNews

Marcus & Millichap Brokers Sale of 4,500-Square-Foot Retail Property in Chino Valley, Arizona

by Hayden Spiess

Chino Valley, Ariz. — Marcus & Millichap has brokered the sale of a retail building located in Chino Valley.  Sherwin-Williams occupies the 4,500-square-foot property, which was built in 2022, on a net-lease basis. Mark Ruble and Chris Lund of Marcus & Millichap represented the seller and procured the buyer, both limited liability companies, in the transaction.

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Houston-Commons_Florence
Investment salesKentuckyNews

Cooper Commercial Arranges $6.1 Million Sale of Houston Commons Shopping Center in Metro Cincinnati

by Hayden Spiess

Florence, Ky. — The Cooper Commercial Investment Group has arranged the $6.1 million sale of Houston Commons, a shopping center located in Florence, roughly 13 miles southwest of Cincinnati.  PetSmart, which recently signed an early extension at the property through 2035, anchors the center, which was 88 percent leased at the time of sale. An Illinois-based buyer purchased the center from the seller, a private investor. Dan Cooper of Cooper Commercial represented the seller in the transaction.

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Investment salesNet leaseNewsTexas

Marcus & Millichap Brokers $5 Million Sale of Net-Leased Retail Property in San Antonio

by Hayden Spiess

San Antonio — Marcus & Millichap has brokered the $5 million sale of a 12,460-square-foot retail property in San Antonio. Walgreens occupies the property on a net-lease basis. Christopher Pappas and Michael Cardone of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.

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Northwest-Crossing-Centre-Houston
Investment salesNewsTexas

Hanley Brokers Sale of 180,000-Square-Foot Shopping Center in Houston

by Hayden Spiess

Houston — Hanley Investment Group Real Estate Advisors has brokered the sale of Northwest Crossing Centre, a 180,000-square-foot shopping center located in Houston. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., represented the seller, USA Properties Inc. Wu Properties acquired the center for an undisclosed price. Tenants at the property, which was 94 percent leased at the time of sale, include Burlington, Dollar Tree, Marshalls, Planet Fitness, Hibbett Sports, pOpshelf, Chik-fil-A, James Coney Island, Red Lobster and Whataburger.

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Victory-Plaza-Los-Angeles-CA
CaliforniaGrocery-anchoredInvestment salesNews

Newmark Arranges $57.7 Million Sale of Victory Plaza Retail Center in Los Angeles

by Hayden Spiess

Los Angeles — Newmark has arranged the disposition of Victory Plaza, a 136,580-square-foot, grocery-anchored shopping center in Los Angeles. Gerrity acquired the property for $57.7 million. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, Kennedy Wilson, in the transaction. The property was 97 percent occupied at the time of sale by tenants including Vallarta Supermarkets, CVS/pharmacy, LA Fitness, Petco, US Renal Care, Citibank, Blaze Pizza and Chipotle Mexican Grill.

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Peachtree-Parkway-Shopping-Plaza-Norcross-Ga
FinanceGeorgiaInvestment salesNews

Marcus & Millichap Secures $10.8 Million Acquisition Financing for Shopping Center Near Atlanta

by Hayden Spiess

Norcross, Ga. — Marcus & Millichap Capital Corp. (MMCC) has secured $10.8 million in financing for the acquisition of Peachtree Parkway Shopping Plaza, a 94,174-square-foot shopping center located in Norcross, roughly 20 miles northeast of Atlanta. Tenants at the property include Dollar General and Goodwill. Garrett Fierstein of MMCC secured the loan, which carries a 10-year, fixed rate and a 25-year amortization schedule.

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