Investment sales

Murphy USA
Investment salesNewsTexas

SRS Negotiates $2.2 Million Sale of Single-Tenant Retail Property in Bryan, Texas

by Abby Cox

Bryan, Texas — SRS Real Estate Partners has negotiated the $2.2 million ground lease sale of a single-tenant retail property located at 2001 E. Highway 21 in Bryan. Specialty retailer Murphy USA occupies the 2,800-square-foot building on a 20-year, corporate-guaranteed, absolute triple-net lease. Jake Prater, Patrick Luther and Matthew Mousavi of SRS represented the seller, College Station, Texas-based Culpepper Realty, in the transaction. A Utah-based private investor purchased the property in an all-cash transaction. SRS Capital Markets has three additional Murphy USA-leased properties available in Florida, with several more listings launching …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gateway-Mall-Food-Court
Investment salesNebraskaNews

CBL Properties Acquires Gateway Mall in Lincoln, Nebraska, for $43.5 Million

by Abby Cox

Lincoln, Neb. — CBL Properties has acquired Gateway Mall, an 843,000-square-foot shopping mall located at 6100 O St. in Lincoln. Washington Prime Group sold the property to the Chattanooga, Tennessee-based buyer for $43.5 million. Symetra Life Insurance Co. secured a five-year, $21 million non-recourse loan on behalf of the borrower to finance the acquisition of Gateway Mall. The loan carries a fixed interest rate of 6.46 percent. Gateway Mall was more than 95 percent occupied at the time of sale and features a mix of tenants including Dillard’s, JCPenney, Dick’s Sporting …

Continue Reading
0 FacebookTwitterLinkedinEmail
river-exchange-lawrenceville
GeorgiaGrocery-anchoredInvestment salesNews

Sands Investment Group Brokers $23.4 Million Sale of Grocery-Anchored Center in Suburban Atlanta

by Abby Cox

Lawrenceville, Ga. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, grocery-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Kroger, Goodwill, …

Continue Reading
0 FacebookTwitterLinkedinEmail
baybrook-village
Investment salesNewsTexas

CBRE Brokers Sale of 278,842-Square-Foot Baybrook Village in Metro Houston

by Abby Cox

Webster, Texas — CBRE has brokered the sale of Baybrook Village, a 278,842-square-foot shopping center located in Webster, approximately 20 miles southeast of downtown Houston. Mark Witcher, Jolie Duhon, Jim Batjer, Chris Cozby and Harrison Tye of CBRE’s National Retail Partners team represented the seller, O’Connor Capital Partners, in the transaction. Fidelis Realty Partners purchased the property for an undisclosed price. Brent Crawford and John Fenoglio, also with CBRE, arranged acquisition financing on behalf of the buyer. Originally built in 1978 and renovated in 2020, Baybrook Village houses a mix of tenants …

Continue Reading
0 FacebookTwitterLinkedinEmail
Smart-and-Final
CaliforniaInvestment salesNews

SRS Negotiates $11.4 Million Sale of Single-Tenant Retail Property in Metro Los Angeles

by Abby Cox

Huntington Park, Calif. — SRS Real Estate Partners has negotiated the $11.4 million sale of a single-tenant retail property located in Huntington Park, roughly seven miles south of downtown Los Angeles. A Smart & Final grocery store occupies the 28,000-square-foot building, which was built in 2018. Joe Chichester, John Redfield and Kyle Zimmer of SRS Real Estate represented the buyer, a private investor based in Mexico City, in the transaction. The seller was a private investor based in Los Angeles.

Continue Reading
0 FacebookTwitterLinkedinEmail
Vero-Beach-Square
FloridaInvestment salesNews

Marcus & Millichap Arranges $6.2 Million Sale of Retail Strip Center in Vero Beach, Florida

by Abby Cox

Vero Beach, Fla. — Marcus & Millichap has arranged the $6.2 million sale of Vero Beach Square, an 11,480-square-foot retail strip center located at 5125 20th St. in Vero Beach. Built in 2019, the fully leased retail property houses a mix of tenants including Dunkin’, Jersey Mike’s, Tropical Smoothie Café and Corporate Elite Hearing Centers of America. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, Davie, Florida-based Ross Realty, and procured the buyer, a private investment group based in …

Continue Reading
0 FacebookTwitterLinkedinEmail
village-park-plaza
IndianaInvestment salesNewsPower centers

CBRE Negotiates Sale of 290,016-Square-Foot Power Center in Metro Indianapolis

by Abby Cox

Carmel, Ind. — CBRE has negotiated the sale of Village Park Plaza, a 290,016-square-foot power center located in Carmel, roughly 23 miles north of Indianapolis. Christian Williams, Michael Watson, Michael Kaider, Keegan Barrett, George Good, Richard Frolik, Adam Foret and Kevin Broderick of CBRE’s National Retail Partners team represented the seller, Washington Prime Group, in the transaction. Oakbrook Terrace, Illinois-based Pine Tree, in partnership with a state pension fund, purchased the property. Village Park Plaza was 99 percent leased at the time of sale to tenants including Walmart, Menard’s, Academy Sports, …

Continue Reading
0 FacebookTwitterLinkedinEmail
3030-N-Broadway
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $50.1 Million Sale of 131,748-Square-Foot Grocery-Anchored Center in Chicago

by Abby Cox

Chicago — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a 131,748-square-foot shopping center located in Chicago. L3 Capital acquired the property for $50.1 million. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, SITE Centers, in the transaction. Mariano’s anchors the five-story property, which features a mix of additional tenants including Club Studio, PNC Bank, Starbucks Coffee and Fresh Dental.

Continue Reading
0 FacebookTwitterLinkedinEmail
Overlook at Oakbrook
IllinoisInvestment salesNews

MetLife Investment Sells Overlook at Oakbrook in Metro Chicago for $44 Million

by Abby Cox

Oak Brook, Ill. — MetLife Investment Management has sold Overlook at Oakbrook, a 52,876-square-foot, unanchored retail strip center located in Oak Brook, roughly 20 miles east of Chicago. Overlook at Oakbrook spans seven buildings and was 94 percent leased to 13 tenants at the time of sale including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group (VEG) and Guidepost Montessori. The property was completed in 2023, and is situated adjacent to Oakbrook Center, a 2 million-square-foot super-regional mall. Michael Nieder, Brian Page and Alex Sharrin of JLL’s Investment Sales …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shops at Plaza West Covina
CaliforniaInvestment salesNews

Phillips Edison & Co. Acquires Shops at Plaza West Covina in Southern California for $25.8 Million

by Abby Cox

West Covina, Calif. — Cincinnati, Ohio-based Phillips Edison & Co. has acquired the Shops at Plaza West Covina, a 46,406-square-foot shopping center located in West Covina, roughly 20 miles east of Los Angeles, for $25.6 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. Shops at Plaza West Covina was 88 percent leased at the time of sale to tenants including Bank of America, Jamba Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill and Gen Korean BBQ House, among others. The property …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts