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Investment sales

Kensington Park
Investment salesMinnesotaNews

Mid-America Negotiates $6.8 Million Sale of 28,135-Square-Foot Retail Property in Suburban Minneapolis

by Abby Cox

Richfield, Minn. — Mid-America Real Estate Corp. has negotiated the sale of Kensington Park, a 28,135-square-foot neighborhood retail center in Richfield, an inner suburb of Minneapolis. Black Gate Partners purchased the property for $6.8 million. Tenants at Kensington Park include Chipotle Mexican Grill, Noodles & Co., Potbelly and Sarpino’s Pizza. Nearly 70 percent of the occupied gross leasable area has operated at the center for more than 10 years, with some tenants since the inception of the center. Amy Senn, Bryce Thompson, Joe Girardi and Eric Geskermann of Mid-America represented …

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The Shoppes at James Run
Investment salesMarylandNews

MMCC Arranges $3.9 Million in Financing for The Shoppes at James Run in Metro Baltimore

by Abby Cox

Bel Air, Md. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3.9 million in financing for the acquisition of The Shoppes at James Run, a 13,189-square-foot retail property located in Bel Air, approximately 25 miles northeast of Baltimore. Jared Cassidy of MMCC secured the 7-year loan on behalf of a private client. The loan features a 5.64 percent interest rate and a 25-year amortization schedule. The Shoppes at James Run features a mix of tenants including Starbucks Coffee, Chipotle Mexican Grill, Olive Garden, Longhorn Steakhouse, a café and an urgent …

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Village Pointe Shopping Center
Investment salesNebraskaNews

Federal Realty Acquires Village Pointe in Omaha, Nebraska, for $153.3 Million

by Abby Cox

Omaha, Neb. — Federal Realty Investment Trust has acquired Village Pointe, a 453,000-square-foot, open-air shopping center in Omaha. The retail REIT purchased the property from the undisclosed seller for $153.3 million. “Village Pointe checks the key boxes for us: affluent demographics and growing population, clear unmet retail demand, proven retailer success in the location and a truly dominant asset,” says Don Wood, president and CEO of Federal Realty. Situated on Omaha’s west side on West Dodge Road, Village Pointe draws nearly 6 million annual visits and serves a trade area of …

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Stow Community Shopping Center
Investment salesNew JerseyNewsOhioPennsylvania

JLL Arranges $126 Million Sale of Three Shopping Centers

by Abby Cox

Penn., Ohio and N.J. — JLL Capital Markets has arranged the $126 million sale of three shopping centers totaling nearly 770,000 square feet across Pennsylvania, Ohio and New Jersey. JLL represented the seller, SITE Centers Corp., in the transaction. The buyer was Haverford Retail Partners. The first property, Southmont Plaza in Easton, Pennsylvania, encompasses 250,939 square feet and is anchored by Dick’s Sporting Goods and Lowe’s Home Improvement. Meanwhile, Stow Community Shopping Center in Stow, Ohio, comprises 418,587 square feet across eight buildings and is anchored by Giant Eagle. The …

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Chandler-Sunset-Plaza
ArizonaInvestment salesNews

Phoenix Commercial Advisors Brokers $25.9 Million Sale of Chandler Sunset Plaza Shopping Center in Arizona

by Abby Cox

Chandler, Ariz. — Phoenix Commercial Advisors has arranged the sale of Chandler Sunset Plaza, a 107,320-square-foot entertainment- and fitness-anchored shopping center located in Chandler, roughly 20 miles southeast of Phoenix. The property sold for $25.9 million, or $242 per square foot. Spanning 13 acres, the center was 95 percent leased to a mix of national and local tenants, including Pickleball Kingdom, Jack in the Box, First Watch and Own Your Dream Sports Academy. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.

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Pier-37
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Negotiates Sale of 117,078-Square-Foot Shopping Center in Monona, Wisconsin

by Abby Cox

Monona, Wis. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a 117,078-square-foot shopping center in Monona, a suburb of Madison. The grocery-anchored property features a freestanding Metro Market, a regional grocery chain. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks Coffee, Jimmy John’s and Verizon Wireless. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties, in the transaction. Galway Cos. Inc. was the buyer.

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The Learning Experience
FloridaInvestment salesNews

SRS Real Estate Brokers $5.4 Million Sale of Single-Tenant Retail Property in Suburban Orlando

by Abby Cox

Davenport, Fla. — SRS Real Estate Partners has brokered the $5.4 million sale of a single-tenant retail property located in Davenport, roughly 25 miles southwest of Orlando. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 20-year lease with 19 years remaining. The building also features a 5,000-square-foot outdoor play area. Built in 2024, the single-tenant property is situated within a larger retail development along U.S. Highway 27. William Wamble and Patrick Nutt of SRS Capital Markets represented the seller, a national commercial real estate …

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Elmore-Avenue-Shoppes
Investment salesIowaNews

Marcus & Millichap Brokers $2.3 Million Sale of Retail Strip Center in Davenport, Iowa

by Abby Cox

Davenport, Iowa — Marcus & Millichap has brokered the $2.3 million sale of Elmore Avenue Shoppes located in Davenport. The fully occupied, six-unit retail strip center totals 9,835 square feet. Tenants at the property, which was built in 2002, include GameStop, Hungry Hobo, Computer Repair Center, Indy Smoke Time, Novel Nail Time and 100% Chiropractic. Jeff Rowlett of Marcus & Millichap represented the seller, GPH Davenport Retail LLC, in the transaction. Jon Ruzicka was Marcus & Millichap’s broker of record in Iowa.

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Park-Lawn-Plaza
IllinoisInvestment salesNews

Marcus & Millichap Arranges $4.5 Million Sale of Retail Property in Oak Lawn, Illinois

by Abby Cox

Oak Lawn, Ill. — Marcus & Millichap has arranged the $4.5 million sale of Park Lawn Plaza, a 13-suite retail property in the Chicago suburb of Oak Lawn. The property, which was 84 percent occupied at the time of sale, spans 2.5 acres and totals 24,685 square feet. Tenants include Cutting Edge Salon, The Black Oak, Cicero Dental and Athletico Physical Therapy, according to LoopNet Inc. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local real estate investment company. The buyer was a …

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7-Eleven
CaliforniaDevelopmentInvestment salesNews

Hanley Investment Negotiates $3.6 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Yucaipa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.6 million sale of a single-tenant retail property located in Yucaipa, roughly 10 miles east of San Bernardino. Still under construction, the 4,088-square-foot building will be occupied by a 7-Eleven convenience store on a 15-year corporate lease. The retail property is situated within a Stater Bros.-anchored shopping center. Bill Asher and Jeff Lefko of Hanley, along with Jeff Stanley of Lee & Associates, represented the seller, Evergreen Devco, in the transaction. John Hans of Colliers represented the 1031 exchange …

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