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Investment sales

Shoppes of Lake Worth
FloridaInvestment salesNews

Current Capital Management Acquires Two Shopping Centers in South Florida for $12.8 Million

by Julia Sanders

Lake Worth Beach and West Palm Beach, Fla. — Current Capital Management has acquired two shopping centers in Lake Worth Beach and West Palm Beach for $12.8 million. Todd Nepola of Current Capital Management led the acquisition transaction for his company. Raj Gupta and Anita Gupta of Chatam Management were the sellers. Benedict Gutierrez of Marcus & Millichap arranged the transaction. Matthew Korshoff of South State Bank provided a $9 million loan for the acquisition. The two centers acquired were Coco Plum Plaza, a 43,801-square-foot retail center located at 2845 …

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GeorgiaInvestment salesNews

Stan Johnson Co. Arranges $8.5 Million Sale of Four Dollar General Locations Across Georgia

by Julia Sanders

Bishop, Colbert, Cornelia and Loganville, Ga. — Stan Johnson Co. has arranged the sale of four Dollar General locations in Bishop, Colbert, Cornelia and Loganville. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer in all transactions. The four sellers were private investors based in Alabama, California and Georgia. Together, the four properties were sold for $8.5 million. Combined, the properties total nearly 38,000 square feet and are occupied under long-term net leases. The Colbert location was a Dollar General Plus, a concept larger than …

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Avenue Shoppes
FloridaInvestment salesNews

Navarra Investments Sells Avenue Shoppes Retail Center in Orlando for $8.1 Million

by Julia Sanders

Orlando, Fla. — Navarra Investments LLC has sold Avenue Shoppes, a 42,196-square-foot retail strip center and outparcel in Orlando, for $8.1 million. John Krzyminski and Max Krzyminski of JLL represented the seller and procured the buyer, House Reform Group. Originally constructed in 1988, Avenue Shoppes was most recently renovated in 2020 when the seller implemented a capital improvement plan to reposition the property. The property was 94 percent leased at the time of sale to tenants including Euro Living, Wallcoverings Mart, Toxic Lounge, Greenberg Dental, GL Staffing, Little New Orleans, …

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Champions Village
Investment salesNewsTexas

JLL Arranges Sale of 383,346-Square-Foot Power Center in Northwest Houston

by Julia Sanders

Houston — JLL has arranged the sale of Champions Village, a 383,346-square-foot retail power center situated on 31.5 acres in northwest Houston. Retailers at the property include grocer Randalls, Barnes & Noble, T.J. Maxx, Tuesday Morning, Kirklands, Jenny Craig, Supercuts, Bath & Body Works, Body & Brain Yoga and Berkeley Eye Center. Restaurant users include La Madeleine, Don Ramons Mexican Restaurant, Cassandra’s Louisiana Kitchen and MOD Pizza. Chris Gerard, Ryan West, Sherri Rollins and Ethan Goldberg of JLL represented the seller, New Market Properties LLC, a subsidiary of REIT Preferred …

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Crossroads at Sunset
Investment salesNevadaNews

Dreamwork Management Buys Crossroads at Sunset Retail Center in Metro Las Vegas for $28.7 Million

by Julia Sanders

Henderson, Nev. — Dreamwork Management has acquired Crossroads at Sunset, a 13.9-acre multi-tenant retail center at the corner of Sunset Road and Stephanie Street in Henderson, about 15 miles from Las Vegas. SS Capital sold the property for $28.7 million. Chris Clifford, Steve Neiger and Brett Rather of Colliers represented the seller in the transaction.

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Walgreens
Investment salesNewsTexas

Swanson Development Co. Sells Walgreens-Occupied Property in Austin

by Julia Sanders

Austin, Texas — Swanson Development Co. has sold a 13,833-square-foot, single-tenant retail property triple-net-leased to Walgreens in Austin. Alex Sharrin, Alex Geanakos and John Indelli of JLL represented the seller in the disposition of the property to Sikka Investments. Walgreens recently signed a new 15-year lease at the property, which is located on 1.86 acres at 6200 W. William Cannon Drive.

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Towne South
IndianaInvestment salesNews

Sansone Group Sells 163,000-Square-Foot Shopping Center in Southern Indiana

by Julia Sanders

Terre Haute, Ind. — Sansone Group has sold Towne South Plaza, a 163,000-square-foot shopping center in the western Indiana city of Terre Haute. The property recently underwent a major roof renovation and is home to tenants including Ross Dress for Less, TJ Maxx, Dollar Tree and Best Buy. Grant Mechlin of Sansone and Ben Wineman of Mid-America Real Estate Corp. secured the buyer, Wild Moose Ventures, in the transaction.

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Investment salesNew HampshireNews

Atlantic Capital Partners Negotiates Sale of 39,750-Square-Foot Shopping Center in Southern New Hampshire

by Julia Sanders

Nashua, N.H. — Atlantic Capital Partners has negotiated the sale of 270 Amherst Street, a 39,750-square-foot shopping center located near the Massachusetts-New Hampshire border in Nashua. Anchored by German discount grocer Aldi, the property was 86 percent leased at the time of sale. Justin Smith, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented the seller, Saxon Partners, and procured the buyer, Linear Retail, in the transaction.

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Investment salesMarylandNews

Rappaport Acquires 433,720-Square-Foot Shopping Center in Northern Maryland

by Julia Sanders

Bel Air, Md. — A joint venture affiliated with Rappaport has acquired Festival at Bel Air, a 433,720-square-foot shopping center in the Harford County community of Bel Air. The shopping center was 94 percent occupied at the time of sale by 60 retailers, including anchors Klein’s ShopRite, Kohl’s, Burlington, Marshalls, Petco and The Tile Shop.

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Del Mar
CaliforniaInvestment salesMarylandNews

First Washington Realty Acquires Donahue Schriber Realty Group

by Julia Sanders

Bethesda, Md. and Costa Mesa, Calif. — Bethesda-based retail real estate owner First Washington Realty (FWR) has purchased Donahue Schriber Realty Group Inc., a shopping center owner based in Costa Mesa. An affiliate of FWR acquired the private retail REIT and its portfolio of grocery-anchored, open-air centers from institutional investors advised by J.P. Morgan Global Alternatives. The transaction adds 47 shopping centers, as well as one DSRG-owned office property, for a combined 6 million square feet to FWR’s holdings. The sales price was not disclosed, but Bloomberg reported in February that …

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