Texas — New York City-based Curbline Properties has acquired a five-property retail portfolio across Texas. JLL represented the seller, N3 Real Estate, in the transaction. The portfolio consists of: Various national and local tenants are located at the retail centers including Starbucks Coffee, Handel’s Ice Cream, Burn Boot Camp, Jersey Mike’s Subs, Hotworx, GNC, The UPS Store, Little Caesars Pizza, Anytime Fitness and The Joint Chiropractic.
West Carthage, N.Y. — Legacy Realty Group has negotiated the $4.1 million sale of Price Chopper Plaza, a 52,831-square-foot, grocery-anchored shopping center located in upstate New York. The property, which was 90 percent leased at the time of sale, is home to tenants such as Price Chopper and Aubuchon Hardware. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented the buyer, while Bruce Ginsburg and Peter VanBortel of IKON Realty Group represented the seller.
San Diego — Marcus & Millichap has arranged the sale of La Mesa, a 12,196-square-foot mixed-use property located in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the property features a mix of 13 retail and office suites, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.
Providence, R.I. — A partnership between Syracuse, New York-based Pyramid Management Group, Paolino Properties and DW Partners has been selected to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center located in Providence, for $133 million. The sale, approved by Superior Court Judge Brian Stern, ends a year-long receivership for the 13.2-acre shopping center, which had been in default under its previous owner, Brookfield Properties. The group plans to complete a repositioning of the property that focuses on curating a stronger mix of retail, dining and entertainment, while enhancing the overall …
Quincy, Mass. — Atlantic Capital Partners has negotiated the $5.2 million sale of 625 Southern Artery, a 22,100-square-foot retail property located in Quincy, roughly 10 miles south of downtown Boston. The retail building was fully leased at the time of sale to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center. Justin Smith, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, The Davis Cos., in the transaction. The buyer was a private investor.
Gainesville, Fla. — Katz & Associates has brokered the $2.9 million ground lease sale of a single-tenant restaurant property located in Gainesville. Situated at 3984 SW. 43rd St., the 8,392-square-foot building is occupied by Texas Roadhouse. Michael Zimmerman of Katz & Associates represented the seller in the transaction. Chris Lind of Marcus & Millichap represented the buyer.
Escondido, Calif. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, California-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at …
Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …
Hickory, N.C. — Legacy Realty Group has arranged the sale of Mountain View Shopping Center, a 43,550-square-foot shopping center located in Hickory, about 58 miles north of Charlotte. Food Lion anchors the center, which was fully leased at the time of sale. Other tenants include Hannah’s BBQ South. Built in 1988, the property spans 7 acres, according to LoopNet Inc. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction.
New Orleans — Metairie, Louisiana-based SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with a third tenant, Juicy Seafood, expected to open soon. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction.
