Investment sales

Hanley Brokers $25 Million Sale of New Publix-Anchored Shopping Center in Dacula, Georgia

by Hayden Spiess November 15, 2024

Dacula, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of Publix at Harbins 316, a shopping center located in Dacula, roughly 40 miles outside Atlanta. Tenants at the center, which is anchored by Publix, include Great Clips, Starbucks Coffee, Jersey Mike’s Subs, Wingstop, The UPS Store and Heartland Dental. Ed Hanley and Kevin Fryman of Hanley, with ParaSell Inc., represented the buyer, a San Diego-based investor, in the transaction. Chris Decouflé, Kevin Hurley and Matt Karempelis of CBRE represented the seller, Watkins Real Estate Group.

November 15, 2024

Illinois Investment sales News

Quantum Brokers $3.9 Million Sale of Shopping Center in Metro Chicago

by Hayden Spiess November 15, 2024

Buffalo Grove, Ill. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of a 94,000-square-foot shopping center located in the northwest Chicago suburb of Buffalo Grove. At the time of sale, the property was 51 percent leased to tenants including Aldi, Dollar Tree and AutoZone. Brett Berlin of Quantum represented the buyer, a private developer based in Illinois that plans to redevelop the center. The previous owner lost the property to its lender.

November 15, 2024

Investment sales News Texas

CenterSquare Acquires 22,443-Square-Foot Retail Center in Austin Suburb

by Hayden Spiess November 15, 2024

Cedar Park, Texas — CenterSquare has acquired the Shops at Lakeline, a 22,443-square-foot retail center located in the Austin suburb of Cedar Park. The property was fully leased at the time of acquisition. According to a press release issued by the company, the purchase aligns with CenterSquare’s strategy “to target unanchored, high-quality essential service retail (ESR) centers in strong demographic submarkets.”

November 15, 2024

Investment sales News Texas

Partners Capital Sells 73,882-Square-Foot Retail Center in San Marcos, Texas

by Hayden Spiess November 14, 2024

San Marcos, Texas — Partners Capital, the investment platform of Partners Real Estate, has sold San Marcos Place, a 73,882-square-foot retail center located in San Marcos. An Austin, Texas-based private buyer acquired the property for an undisclosed price. Built in 1985 and renovated in 2017, the center was 82 percent occupied at the time of sale. Cathy Nabours and Kyle Shaffer of SRS Real Estate Partners represented Partners Capital in the transaction. Partners Capital acquired San Marcos Place in June 2018 as part of its Partners Opportunity Fund II.

November 14, 2024

Colorado Finance Grocery-anchored Investment sales News

KPR Centers Secures $33.9 Million in Acquisition Financing for University Hills Retail Center in Denver

by Hayden Spiess November 14, 2024

Denver — KPR Centers has secured a $33.9 million loan to finance the acquisition of University Hills, a retail center located in Denver. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets, a division of Marcus & Millichap, arranged the five-year financing through a life insurance company lender. The fixed-rate loan features full-term interest-only payments and prepayment open at par for the last year. Tom Lagos of IPA procured the buyer in the sales transaction. University Hill was fully leased to tenants including King Soopers, Michaels, Marshalls, Office …

November 14, 2024

Connecticut Grocery-anchored Investment sales News

Atlantic Capital Partners Brokers $15.1 Million Sale of Shopping Center in Groton, Connecticut

by Hayden Spiess November 14, 2024

Groton, Conn. — Atlantic Capital Partners, a division of Atlantic Retail, has brokered the $15.1 million sale of Groton Shopper Mart, a 171,858-square-foot shopping center in Groton in southern coastal Connecticut. Big Y Supermarket anchors the center, which was 77 percent leased at the time of sale. Other tenants at the property include Starbucks Coffee, CVS/pharmacy and Chase Bank. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented both the buyer and seller in the transaction. Stephen Joseph and Stephen Hassenflu, also with Atlantic Capital Partners, …

November 14, 2024

Arizona Investment sales News

Commercial Retail Advisors Arranges Sale of 58,702-Square-Foot Retail Center in Tucson, Arizona

by Hayden Spiess November 14, 2024

Tucson, Ariz. — Commercial Retail Advisors has arranged the sale of Oracle Gateway, a 58,702-square-foot retail center located in Tucson. Developed in 1986, the property was 94 percent occupied at the time of sale. A 22,901-square-foot office building is also located at the site and was not included in the sale. Craig Finfrock of Commercial Retail Advisors, Jan Fincham of Lee & Associates, Fred Howard of Progressive Property Management and Randy Finfrock of Southwest Retail Partners represented the seller, an entity doing business as 3838 Oracle Plaza Joint Venture LLC, in …

November 14, 2024

Crosswinds-Shopping-Center_St-Petersburg-Fla

Florida Investment sales News

Matthews Brokers Sale of 141,577-Square-Foot Retail Center in St. Petersburg, Florida

by Hayden Spiess November 13, 2024

St. Petersburg, Fla. — Matthews Real Estate Investment Services has brokered the sale of Crosswinds Shopping Center, a 141,577-square-foot retail center located in St. Petersburg. Tenants at the property, which was fully leased at the time of sale, include Marshalls, Michaels, Bealls and Havertys. Wallace Enterprises and Crim & Associates acquired the center from an entity doing business as Crosswinds St. Pete LLC for an undisclosed price. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller in the transaction.

November 13, 2024

Investment sales News Texas

Marcus & Millichap Arranges Sale, Financing of 90,327-Square-Foot Shopping Center in Houston

by Hayden Spiess November 13, 2024

Houston — Marcus & Millichap has arranged the sale and financing of Providence Plaza, a 90,327-square-foot shopping center in Houston. Built in 1984 and renovated in 2018, the property was 97 percent occupied at the time of sale. Tenants at the center include Dollar Tree and Spec’s. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller, Whitestone REIT, in the transaction. Jamie Safier of Marcus & Millichap Capital Corp. (MMCC) secured third-party acquisition financing on behalf of the undisclosed buyer.

November 13, 2024

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California Investment sales News

Capstone Acquires Retail Center in Southern California for $32.1 Million

by Hayden Spiess November 12, 2024

Solana Beach, Calif. — Capstone Advisors has acquired Beachwalk Shopping Center, a retail center located in Solana Beach, for $32.1 million. Capstone plans to implement physical upgrades and a curated tenant roster at the property, which totals 55,580 square feet across eight buildings. GEM Realty Capital, which purchased the property in April 2017, was the seller.

November 12, 2024

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