Omaha, Neb. — Locally-based Investors Realty has negotiated the $14.5 million sale of Plaza North Shopping Center, a 203,250-square-foot shopping center located in Omaha. Baker’s Supermarket anchors the property, which was 92 percent leased at the time of sale. Additional tenants include Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and Archwell Health. Ember Grummons of Investors Realty represented the seller, an entity doing business as Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group, in the transaction.
Investment sales
Cooper Commercial Investment Facilitates $1.6 Million Sale of Falcon Commons in Austintown, Ohio
Austintown, Ohio — Cooper Commercial Investment Group has facilitated the $1.6 million sale of Falcon Commons, an 8,446-square-foot retail strip center located at 4774 Mahoning Ave. in Austintown. The five-building property was 80 percent leased to tenants including Subway and Little Caesars Pizza at the time of sale. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, a Central Ohio-based private investment group. The buyer is based in Kentucky.
Bain Capital, 11North Partners Acquire Three Lifestyle Retail Centers in Oklahoma City for $212 Million
Oklahoma City — A joint venture between Bain Capital and 11North Partners has acquired three open-air, lifestyle retail centers in Oklahoma City for $212 million. The nearly 40-acre portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve and Classen Curve, which totals 290,598 square feet, according to Oklahoma City Retail. Located near Integris Baptist Medical Center and Chesapeake Energy Corp., the three centers are anchored by Whole Foods and Trader Joe’s. There are more than 50 additional tenants throughout the properties, including Warby Parker, lululemon, West Elm, Anthropologie, Sephora and …
WS Development, Barings Acquire 200,000-Square-Foot Shopping Center in Grand Rapids, Michigan
Grand Rapids, Mich. — Massachusetts-based WS Development and Barings, a subsidiary of MassMutual, have acquired Breton Village, a 200,000-square-foot shopping center located in Grand Rapids. Originally built in the 1960s and 1970s as a retail strip center, Breton Village was purchased in 2002 and later redeveloped in 2017 by a group of local investors doing business as Breton Village LLC. Investment partners in the redevelopment included Scott Wierda, Brian DeVries, Dan DeVos and Dan Bowen. Breton Village is home to a mix of tenants including lululemon, Joseph A. Bank, Talbots, LOFT, …
Littleton, Colo. — Ziff Real Estate Partners has purchased Marston Park Plaza, a 101,500-square-foot shopping center located roughly 10 miles outside Denver, for $17.9 million. Situated in Littleton at the intersection of South Wadsworth Blvd. and Belleview Avenue, the center comprises 23 tenants including Chase Bank, Club USA, The Tile Shop, Subway and Edible Arrangements. This transaction marks ZRP’s second retail acquisition in the Denver metro area.
Aurora, Colo. — JLL Capital Markets has arranged the $16 million sale of Aurora Plaza, a 115,461-square-foot shopping center located in Aurora, roughly nine miles east of Denver. Anchored by King Soopers, Cinema Latino and Gen X Clothing, the property was 80 percent leased to 27 tenants including medical offices, service providers, restaurants and retail shops at the time of sale. Built in 1982 and renovated in 2001, Aurora Plaza spans 10.6 acres. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction. …
Marcus & Millichap Arranges $6.8 Million Sale of Two Retail Properties Totaling 53,000 Square Feet
Spring Lake, N.C. and Jackson, Miss. — Marcus & Millichap has arranged the $6.8 million sale of two retail properties totaling 53,000 square feet in Spring Lake, North Carolina, and Jackson, Mississippi. Built in 2004, Spring Lake Town Center totals 29,841 square feet and was 85 percent leased at the time of sale. A Walmart Supercenter shadow anchors the property, which features a mix of additional tenants including Dollar Tree, AT&T, GameStop, Cricket Wireless, Cato, Papa Murphy’s and OneMain Financial. The second property, a 24,069-square-foot retail center located at 4882-4898 Highway …
Alice, Texas — Hanley Investment Group has arranged the sale-leaseback of a single-tenant retail property located in Alice. Dairy Queen occupies the 2,608-square-foot building on a 20-year absolute triple-net-lease basis which includes 2 percent rent increases every five years. Originally built in 1983 and renovated in 2015, Dairy Queen has operated at this location for more than 30 years. Garrett Wood of Hanley represented the seller, R&L Lozano Leasing, a company doing business as F&P Development. David Bynum of Bynum Inc. represented the buyer, an entity doing business as Susan Caratan …
Keene, N.H. and Grand Rapids, Mich. — C&S Wholesale Grocers, a New Hampshire-based food supplier whose brands include Piggly Wiggly and Grand Union, has agreed to acquire Michigan-based SpartanNash, owner of brands such as Our Family and Full Circle Market, in a merger valued at nearly $1.8 billion. The figure represents a purchase price of $26.90 per share of SpartanNash common stock in cash and includes the assumption of SpartanNash’s existing debt. The price marks a 52.5 percent premium over the company’s closing price of $17.64 per share on June …
Atlantic Commercial Group Arranges $14.3 Million Sale of 222,000-Square-Foot Shopping Center in Ocala, Florida
Ocala, Fla. — Atlantic Commercial Group has arranged the $14.3 million sale of Six Gun Plaza, a 222,000-square-foot shopping center located in Ocala. Situated along East Silver Springs Blvd., the property is anchored by Bealls, Ross Dress For Less, Shoe Dept. and Dollar General. Additional tenants include Boots Barbershop, Firehouse Subs, Collector’s Paradise, Outback Steakhouse and Elite Nail. Six Gun Plaza was held by the previous owner for more than 30 years. Gary Broidis of Delray Beach-based Atlantic Commercial Group represented the seller, an entity doing business as Six Gun …