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Investment sales

Publix at Bristol Park
AlabamaInvestment salesNews

Cushman & Wakefield Arranges $14.9 Million Sale of Publix at Bristol Park in Metro Tuscaloosa

by Julia Sanders

Northport, Ala. — Cushman & Wakefield has arranged the $14.9 million sale of Publix at Bristol Park, a 58,887-square-foot, grocery-anchored shopping center in Northport, about 1.6 miles from Tuscaloosa. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the seller, Watkins Real Estate Group, in the transaction. The buyer was not disclosed. The center was 96 percent leased at the time of sale to tenants including Publix, Great Clips, Dos Amigos Mexican Restaurant, a nail salon and a wine and liquor store. The property was built in 2019 and …

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Shoppes at East Stone
Investment salesNewsTennessee

Marcus & Millichap Brokers Sale of 24,502-Square-Foot Retail Property in Northern Tennessee

by Julia Sanders

Kingsport, Tenn. — Marcus & Millichap has brokered the $4.5 million sale of Shoppes at East Stone, a 24,502-square-foot retail property located at 2637 E. Stone Drive in Kingsport. Michael Early of Marcus & Millichap represented the seller, an undisclosed family trust, and secured the buyer, a Maryland-based real estate investment corporation. Jody McKibben, also of Marcus & Millichap, assisted in closing the transaction. Shoppes at East Stone was occupied by tenants including Polish Nail Bar, East Coast Wings + Grill, LL Flooring and Hertz Car Rental at the time …

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University Mall
Investment salesNewsVermont

Taconic Capital Advisors, Eastern Real Estate Acquire 617,000-Square-Foot University Mall in Vermont

by Julia Sanders

South Burlington, Vt. — A partnership between Taconic Capital Advisors and Eastern Real Estate has acquired University Mall in South Burlington, a city in northwest Vermont. The 617,000-square-foot property is the largest mall in the state. Local news outlet WCAX reported that the sales price was $60 million. The seller was not provided. The new owners say they are exploring a range of plans to reenergize the shopping center, which is located less than one mile from the University of Vermont, The University of Vermont Medical Center and Burlington International …

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Clinton Plaza
Investment salesNewsTennessee

SRS Brokers Sale of 126,145-Square-Foot Shopping Center in Knoxville

by Julia Sanders

Knoxville, Tenn. — SRS’ Investment Properties Group has brokered the sale of Clinton Plaza, a 126,145-square-foot grocery-anchored neighborhood center in Knoxville. LBD Properties LLC purchased the property. Kyle Stonis and Pierce Mayson of the SRS represented the undisclosed seller in the transaction. The buyer was self-represented in the transaction. Anchored by Food City, Clinton Plaza has other tenants at the property including Advance Auto Parts, Dollar Tree, Gas ‘N Go, Rent-A-Center, ADMA Biologics, Metro by T-Mobile, 1st Heritage Credit and Cricket Wireless.

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Backlick Center
Investment salesNewsVirginia

Cushman & Wakefield Arranges $25 Million Sale of Shopping Center in Metro D.C.

by Julia Sanders

Springfield, Va. — Cushman & Wakefield has arranged the sale of Backlick Center, a 48,267-square-foot shopping center in Springfield, about 14 miles from Washington, D.C. John Owendoff of Cushman & Wakefield represented the seller, a Dallas-based real estate fund advised by Crow Holdings Capital, in the transaction. Glazer Properties acquired the property for $25 million. Backlick Center was 91 percent leased at the time of sale to tenants including Chick-fil-A, Advance Auto Parts, Outback Steakhouse and Taco Bamba.

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Essex Square
Investment salesNewsWisconsin

Next Realty Acquires 44,000-Square-Foot Essex Square Retail Center in Madison, Wisconsin

by Julia Sanders

Madison, Wis. — An affiliate of Next Realty LLC has acquired Essex Square, a 44,000-square-foot retail center in Madison. The property was home to 15 tenants at the time of sale, including Concentra Health Services, Half Price Books, The Camera Store, Allstate, Great Clips and MOKA Coffee. Built in 1987 and located along East Towne Boulevard, Essex Square is situated adjacent to the 790,000-square-foot East Towne Mall. Landmark Credit Union provided acquisition financing.

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Shaw West Center
CaliforniaInvestment salesNews

Matthews Brokers $11.1 Million Acquisition of Shaw West Center in Central California

by Julia Sanders

Fresno, Calif. — Matthews Real Estate Investment Services has arranged the purchase of Shaw West Center, a shopping plaza located at 2047-2097 W. Shaw Ave. in Fresno. A 1031 exchange buyer acquired the property from an undisclosed seller for $11.1 million. Nabil Awada of Matthews Real Estate Investment Services represented the buyer in the deal.

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Investment salesNewsWisconsin

Marcus & Millichap Arranges $5 Million Sale of Retail Property in Madison, Wisconsin

by Julia Sanders

Madison, Wis. — Marcus & Millichap has arranged the sale of Sauk Point Square in Madison for $5 million. The 26,350-square-foot retail center is located at 701 N. High Point Road. Marcus & Millichap’s Rowlett Group represented the seller, a group of local investors, as well as the buyer, an out-of-state limited liability company.

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O'Reilly
ColoradoInvestment salesNews

Blue West Capital Arranges Sale of O’Reilly Auto Parts-Occupied Building in Metro Denver

by Julia Sanders

Lakewood, Colo. — Blue West Capital has brokered the sale of a retail property located at 5807 W. Colfax Ave. in Lakewood, about 7 miles from Denver. A California-based family office sold the property to a California-based investor for $2.8 million. O’Reilly Auto Parts has occupied the property on a net-lease basis since 1998, with approximately four years remaining on its lease. Brandon Gayeski of Blue West Capital represented the seller and buyer in the deal.

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Stuyvesant Plaza
Investment salesNew YorkNews

WS Development Acquires 240,000-Square-Foot Stuyvesant Plaza in Albany, New York

by Julia Sanders

Albany, N.Y. — WS Development has acquired Stuyvesant Plaza, a 240,000-square-foot shopping center in Albany that houses more than 60 retailers and restaurants. The property was originally built in 1959. The seller was an entity doing business as Stuyvesant Plaza Inc. The new ownership plans to implement a value-add program.

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