Middletown, N.Y. — SRS Real Estate Partners has arranged the $8.7 million sale of a 14,564-square-foot, single-tenant retail property located in Middletown, about 75 miles north of New York City. The property was built on 1.1 acres in 2007 and is triple net leased to Walgreens on a long-term basis. Winston Guest, Matthew Mousavi and Patrick Luther of SRS Real Estate represented the seller in the transaction, and Josh Goldflam of Highcap Group represented the buyer. Both parties were New York-based private investors who requested anonymity.
Flint, Mich. — The Jonna Group of Colliers has brokered the sale of a 6,885-square-foot commercial building in Flint. The property, built in 2019, is located at 5009 Miller Road. Tenants at the fully leased building include U.S. Army & Navy Career Center, Jersey Mike’s and Smoothie King. Simon Jonna of Colliers represented the seller, a Michigan-based private developer. The buyer was not disclosed.
Kingstowne, Va. — Avison Young has brokered the sale of a retail portfolio totaling 410,398 square feet in Kingstowne, located approximately 13 miles southwest of Washington, D.C. in Fairfax County. Rockville, Maryland-based Federal Realty Investment Trust (NYSE: FRT) purchased the portfolio for $200 million. The retail portfolio includes a significant portion of Kingstowne Towne Center, a live-work-play power center in Virginia. The property is 97 percent leased to 61 tenants, including supermarkets Safeway and Giant. According to local news outlets, the center also features tenants T.J. Maxx, Ross, HomeGoods, &pizza …
Vacaville, Calif. — Nella Holdings and Tower Investments have acquired Nut Tree Plaza in Vacaville from a partnership managed by Dunhill Partners for $124.5 million. Located at 1621 E. Monte Vista Ave, the 370,114-square-foot center features 68 retail stores, 17 restaurants and outdoor attractions including a kiddie train. Current tenants include Nordstrom Rack, Ulta Beauty, Best Buy, PetSmart, Five Below, Cost Plus World Market, HomeGoods, Old Navy, Buffalo Wild Wings, Old Navy, Michaels, Best Buy, Home Goods, Bevmo!, Panera Bread, Peet’s Coffee, See’s Candies, Jelly Belly Candy Store and Jamba …
North Riverside and Elmhurst, Ill. — Mid-America Real Estate Corp. has brokered the sale of two shopping centers in suburban Chicago. North Riverside Plaza is a 384,707-square-foot regional shopping center in North Riverside. Tenants include Kohl’s, Burlington, Best Buy, Petco, Michaels and a new grocery store that is currently under construction. Elmhurst Crossing is a 347,505-square-foot, grocery-anchored shopping center in Elmhurst. Major tenants include Whole Foods Market, Kohl’s, At Home and Petco. Ben Wineman and Kathryn Sugrue of Mid-America represented the longtime owner and seller, Federal Construction. Brixmor Property Group …
College Station, Texas — Levcor has acquired two shopping centers totaling 184,000 square feet in College Station. University Park is a grocery-anchored center that comprises 97,000 square feet on a 9.2-acre site that is within one mile of Texas A&M University’s campus. Texas Avenue Crossing, located about 2.5 miles from campus, totals 87,000 square feet and is anchored by Bed Bath & Beyond, with Total Wine & More and Boot Barn set to join the roster this summer.
Newtown, Conn. — First National Realty Partners has acquired Sand Hill Plaza, a 163,500-square-foot shopping center located in the southern Connecticut community of Newtown. A 61,450-square-foot Stop & Shop grocery store anchors the center, which originally opened in 1990 and also houses tenants such as T.J. Maxx, Mattress Firm, Verizon, Great Clips and Quest Diagnostics. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction.
Massapequa, N.Y. — Breslin Realty has acquired Massapequa Plaza, a 50,000-square-foot shopping center in Nassau County, about 23 miles from Long Island. Tenants at the center include Costello’s Ace Hardware, Rite Aid, Northwell Health GoHealth Urgent Care, Great American Jewelry, Pequa Spirits Wine & Liquor, Gino’s Tuscany Restaurant, Sal’s Meat Market, Three Amigos Fresh Mexican Grill and Fit Body Boot Camp.
Commerce City, Colo. — Blue West Capital has arranged the $3.4 million sale of a single-tenant retail property in Commerce City, approximately 6 miles northeast of downtown Denver. Brandon Gayeski and Robert Edwards of Blue West Capital represented the seller, a Colorado-based partnership. The buyer was a 1031 exchange investor based in Colorado. The 2,340-square-foot property features a drive-thru and was constructed in 2020. Located at 4860 East 60th Ave., Starbucks Coffee occupies the property on a long-term lease.
Round Rock, Texas — Edge Realty Partners has arranged the sale of Round Rock Crossing, a 245,592-square-foot shopping center in Round Rock, about 19 miles from Austin. Built in phases on 31.5 acres between 2004 and 2006, the eight-building property was 52 percent leased at the time of sale to 18 tenants. The roster includes Best Buy, Michael’s, Dollar Tree, Vitamin Shoppe, Five Guys and Salons by JC. Mart Martindale and Brandon Beeson of Edge Realty Partners represented the undisclosed seller in the transaction. The buyer, BH Properties, intends to …