Flower Mound, Texas — STRIVE has brokered the sale of Northwest Plaza, an 11,000-square-foot retail property located in Flower Mound. Situated within the Dallas metro, the center was fully leased at the time of sale. Hudson Lambert of STRIVE represented the seller, an undisclosed local investor, in the transaction.
Vorhees Township, N.J. — KPR Centers has acquired Eagle Plaza, a 230,000-square-foot shopping center in Vorhees Township, for $41.7 million. The property was leased to approximately 40 retailers and restaurants, including anchor Acme Markets, at the time of sale. Other tenants at the center include Ross Dress for Less, Five Below, Chipotle Mexican Grill and Ace Pickleball Club.
Olathe, Kan. — Legacy Realty Group Advisors has arranged the sale of Townsquare Shopping Center, a 131,566-square-foot retail center located in Olathe. Tenants at the property include Westlake Ace Hardware, Dollar General, Big Lots and Church’s Chicken. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy represented the undisclosed seller in the transaction.
LaFayette, Ind. — Cooper Commercial Investment Group has brokered the $10.9 million sale of Market Square Shopping Center, a retail center located in LaFayette, Indiana. An undisclosed buyer purchased the property. Situated on 20 acres, the property totals 132,000 square feet. Tenants at the property, which was 84 percent leased at the time of sale, include Dollar General, the State of Indiana, Indiana BMW, Arni’s Pizza, First Merchants Bank and Rent-A-Center. Dan Cooper of Cooper Commercial Investment Group represented the seller in the transaction.
San Francisco — JLL Capital Markets has arranged the $7.3 million sale of Petaluma Town Plaza, a 27,000-square-foot retail center located in San Francisco. Tenants at the center, which was 64 percent leased at the time of sale, include FedEx, Sherwin-Williams, St. Joseph Health, Posh Nails and SalonCentric. Warren McClean and Eric Kathrein of JLL represented the undisclosed private seller in the transaction. Crow Holdings Capital was the buyer.
Chelmsford, Mass. —Winstanley Enterprises and Surrey Equities have purchased Chelmsford Mall in Chelmsford for $28 million in an off-market transaction. The seller was the original developer. Tenants at the property, which was fully leased at the time of sale, include Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s and Best Fitness. The buyers plan to make immediate investments into the property, with upgrades including new exterior paint, parking lot improvements, new landscaping and signage upgrades. Winstanley Enterprises also owns Chelmsford Town Center, a 41,000 square-foot shopping center located in downtown Chelmsford.
Oxford, Pa. — NAI Emory Hill has brokered the $3.4 million acquisition of a shopping center located in Oxford, roughly 55 miles outside Philadelphia. Walgreens anchors the property, which was fully occupied at the time of sale. Other tenants at the 15,600-square-foot center include Bigfoot’s Express, Domino’s Pizza and Vape2Go. Rich Dudek of NAI Emory Hill represented the undisclosed buyer in the transaction.
Troy, Mich. — RCG Ventures has acquired Oakland Plaza, a 167,000-square-foot retail center located in the northern Detroit suburb of Troy, Michigan. Anchored by T.J. Maxx, Planet Fitness, Michaels, DSW And Kids Empire, Oakland Plaza was 97 percent leased at the time of sale. Other tenants at the property include Target, Dick’s Sporting Goods, Burlington, Kohl’s, Best Buy, HomeGoods, Rally House, American Mattress and Hobby Lobby. Ben Wineman, Patrick Corrigan and Daniel Stern of Mid-America Real brokered the transaction on behalf of the seller, Continental Realty Corp.
Phoenix and Bedminster, N.J. — Longpoint Partners has acquired two grocery-anchored shopping centers — El Monte Shopping Plaza in Phoenix and The Hills Village Center in Bedminster, New Jersey — for $62 million. Longpoint will manage the properties under its recently debuted Lena Centers brand. El Rancho Market IGA anchors El Monte Shopping Plaza, which totals 101,000 square feet. The property was 99 percent occupied at the time of sale. The Hills Village Center comprises 101,000 square feet. Kings Food Market anchors the center, which was 89 percent occupied at the …
West Palm Beach, Fla. — Marcus & Millichap has brokered the $10.1 million sale of Cross County Plaza, a retail center located in West Palm Beach. K&G Fashion Superstore and dd’s Discounts anchor the property, which totals 49,451 square feet. Other tenants at the center include Presidente Supermarket, Ross Dress for Less, YouFit Health Clubs and Ollie’s Bargain Outlet. Douglas Mandel, Zach Levine and Josh Gilbert of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Pliskin Realty.
