Miami — CBRE has arranged the sale of Pointe at Kendall Town Center, a retail center located on Kendall Drive and SW 162nd Ave. in Miami. Built in 2019, the property was fully leased at the time of sale and includes five outparcels ground leased to tenants including Texas Roadhouse, Panera Bread, Olive Garden, Sanitas Medical Center and Walk On’s. Dennis Carson and Casey Rosen of CBRE represented the undisclosed seller in the transaction.
Houston — Wu Properties has acquired Willowchase Center, a 231,126-square-foot shopping center that sits on a 19.5-acre site in northwest Houston. The property was 97 percent leased at the time of sale, with Hispanic grocer Fiesta serving as its anchor. Other tenants include dd’s DISCOUNTS, Jo-Ann Fabrics, Goodwill, Northern Tool + Equipment, Mattress Firm, Family Dollar, America’s Best, Jamboree Dentistry and Metro PCS. Ryan West, Chris Gerard, John Indelli, Katherine Miller, Bailey Black and Grant Rexrode of JLL represented the seller, Fidelis Realty Partners, in the transaction. Wu Properties has …
Midlothian, Va. — Cushman & Wakefield has arranged the sale of Charter Colony, a 71,741-square-foot grocery-anchored shopping center in Midlothian, about 14 miles from Richmond. John Owendoff of Cushman & Wakefield, in conjunction with Eric Robison and Catharine Spangler of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. Michael Zelin and Marshall Scallan of Cushman & Wakefield will secure post-acquisition financing on behalf of the buyer. Built in 2015, Charter Colony was 98 percent leased at the time of sale to tenants including anchor Publix.
Miami — Brickell Station Partners has sold a retail property in Miami to Gazit Horizons for $20.1 million. Hector Antunez and Juan Andres Nava from Metro 1 represented Brickell Station Partners, and Fabian Graff of Metro 1 represented Gazit Horizons. The building, located in downtown Miami’s Brickell neighborhood, is currently home to Toasted Bagelry & Deli, Talkin’ Tacos, CBD American Shaman and Stanzione 87 pizzeria.
Olean, N.Y. — The Palomar Group has arranged the sale of Shops at Walmart Plaza, a 53,642-square-foot shopping center in Olean. Shadow-anchored by Walmart, the center was 94 percent leased at the time of sale to tenants such as Old Navy, Pet Supplies Plus, GameStop, GNC, Supercuts, Spectrum and The Shoe Depot. Palomar Group represented the seller, Tabani Group, which sold the property to a private investor based in the Boston area for $12 million.
Lake Orion, Mich. — The Boulder Group has arranged the $4.1 million sale of a single-tenant retail property occupied by Firestone in Lake Orion, about 38 miles north of Detroit. The net-leased, 6,116-square-foot building is located at 25 Indianwood Road. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate developer. A Southeast-based private real estate investor was the buyer.
Harrisburg, Pa. — First National Realty Partners has acquired Dauphin Plaza, a 216,000-square-foot, open-air shopping center in Harrisburg. Grocer Price Rite has served as the anchor tenant since 2006 and currently operates a 33,500-square-foot store. Other tenants include Big Lots, Ashley Furniture, Crunch Fitness, Dollar General, Waffle House, Subway, Weight Watchers and H&R Block. James Galbally, Chris Munley and Colin Behr of JLL represented the undisclosed seller in the transaction.
Warwick, R.I. — Capital Group Properties has purchased Warwick Center, a 160,000-square-foot retail center in Warwick, about 12 miles from Providence. The property sits on 15 acres at the intersection of Interstates 95 and 295 and houses tenants such as Barnes & Noble, DSW Designer Shoe Warehouse, Edge Fitness, Ulta Beauty, Carrabba’s Italian Restaurant and Walpole Outdoors. Capital Group Properties purchased the property from Nuveen Real Estate for $12.3 million and plans to upgrade the landscaping, parking areas, signage, lighting and building façades.
Newport Beach, Calif. — RealSource Group arranged the sale-leaseback of 10 single-tenant retail properties net-leased to car wash operators in the Midwest and Southeast during the first quarter of 2022. RealSource brokered the transactions — which totaled more than $51 million — on behalf of two undisclosed owners. “We generated multiple all-cash offers and procured a different buyer for each transaction, guiding the entire escrow process from buyer acquisition to closing,” says Austin Blodgett, senior vice president of investment sales with the Newport Beach, California-based company.
Los Angeles — Marcus & Millichap has arranged the $44.7 million sale of Washington Plaza, a grocery-anchored retail property located in downtown Los Angeles. The 136,908-square-foot center was fully occupied at the time of sale by tenants including 99 Cents Only, Rite Aid, DaVita Dialysis, Ace Cash Express, Dunkin’, Baskin Robbins, WaBa Grill, El Pollo Loco, T-Mobile, Panda Express and Boost Mobile. Orbell Ovaness and Ara Rostamian of the Ovaness-Rostamian Group of Marcus & Millichap represented the seller, Eagles Nest Property LLC, and procured the buyer, Reliable Properties, in the …