Tomball, Texas — SVN | J. Beard Real Estate’s Greater Houston office has arranged the sale of a single-tenant property located in Tomball, roughly 35 miles northwest of Houston. Spas Unlimited acquired the 3,600-square-foot building for an undisclosed price. Diana Gaines of SVN | J. Beard represented the private seller in the transaction. Spas Unlimited was self-represented.
Waco, Texas — Cove Capital Investments has completed the purchase of Parkdale Commons, a 191,559-square-foot retail center located in Waco, on behalf of the firm’s Cove Parkdale Commons Opportunity 62 Delaware Statutory Trust (DST). Hobby Lobby anchors the property, which is leased to tenants including dd’s Discount, True Value Hardware, Drug Emporium, 99 Cents Only, Clicks Billiards and Dickeys BBQ.
O’Fallon, Mo. — Hanley Investment Group Real Estate Advisors has arranged the sale of Shops on K, a 20,400-square-foot, multi-tenant retail center located in O’Fallon, roughly 40 miles northwest of St. Louis. Built in 1997, the nine-building property was fully occupied at the time of sale. Tenants include Aaron’s, Advance America Cash Advance, American Family Insurance, Cloud 9 Massage, Stallone’s Formal Wear and Pottery Hollow, as well as a dance academy, fitness center and dog groomer. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the …
Hartsville, S.C. — A 14,450-square-foot retail property located in Hartsville has traded hands in a $5 million sale. The store is net-leased to Walgreens, which has a little less than 11 years remaining on the lease, as well as 50 one-year extension options. A buyer based on the East Coast purchased the store in an all-cash deal from the seller, an undisclosed limited liability company. Bruce Cowley and Lisa Sickinger of Marcus & Millichap represented the seller in the transaction. Ben Yelm, Marcus & Millichap’s South Carolina broker of record, …
Downers Grove, Ill. — Marcus & Millichap has brokered the $2.3 million sale of a BP-occupied gas station property in the southwest Chicago suburb of Downers Grove. Timothy Nichols, Nicholas Kanich and Mitch Grant of Marcus & Millichap represented the seller, a locally based limited liability company. Nichols secured the buyer, also a locally based limited liability company.
Mt. Juliet, Tenn. — JLL Capital Markets has brokered the sale of Providence Commons, a 110,137-square-foot Publix-anchored retail center located in Mt. Juliet, roughly 20 miles northeast of Nashville. Phillips Edison & Co. acquired the property, which was fully leased at the time of sale, to tenants including Anytime Fitness, Starbucks Coffee, Moe’s, Pizza Hut, Papa Johns, Subway and Precision Eye Care. The sale also included 7.19 acres of undeveloped land adjacent to the shopping center. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the undisclosed seller in …
Beaverton, Ore. — Hyperion Realty Capital has purchased Beaverton Town Square in Beaverton, approximately 8 miles west of Portland. The shopping center, which is anchored by Trader Joes, comprises 103,000 square feet and multiple buildings. Kevin Adatto and Sean Tufts of CPX arranged the sale of the property on behalf of the seller, a family.
Peachtree City, Ga. — Northmarq has arranged the $15.2 million sale of Westpark Walk, a 73,847-square-foot shopping center located in Peachtree City, a southwest suburb of Atlanta. Jeff Enck and Emery Shane of Northmarq represented the seller, an unnamed private investment firm based in Washington, D.C. The buyer was an undisclosed partnership based in Atlanta. Westpark Walk was fully leased at the time of sale to 21 tenants, including Tuesday Morning, Verizon Wireless, State Farm, Firehouse Subs, Hotworx and local service providers and retailers, including Ranchero Mexican Grill, which has …
Northville, MIch. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $4.7 million loan for the acquisition of a single-tenant building in Northville, a northwest suburb of Detroit. Built in 2015, the 28,780-square-foot property is occupied by Fresh Thyme Market. Chad O’Connor of MMCC secured the financing on behalf of the undisclosed borrower. The 10-year fixed-rate loan carries a 30-year amortization schedule.
Simi Valley, Calif. — JLL Capital Markets has arranged the $22.1 million sale of Griffin Plaza in Simi Valley, roughly 40 miles northwest of Los Angeles. Built in 1981, the property comprises 85,022 square feet. The center, which is anchored by Aldi and CVS/pharmacy, was 94 percent leased at the time of sale. Other tenants include Wendy’s and Varenita Assisted Living Community. Gleb Lvovich, Daniel Tyner and Geoff Tranchina of JLL brokered the sale on behalf of the seller, an entity doing business as Griffin Living. A private, 1031-exchange investor …
