Investment sales

905-E-Bidwell-St-Folsom-CA
CaliforniaFaris Lee InvestmentsInvestment salesNet leaseNews

Faris Lee Brokers $11.3 Million Sale of Sprouts-Occupied Retail Property in Folsom, California

by Hayden Spiess

Folsom, Calif. — Faris Lee Investments has arranged the sale of a retail building located at 905 E. Bidwell St. at The Bidwell Center in Folsom, roughly 20 miles northeast of Sacramento. VR Folsom, an Orange County-based private family office, sold the property to a La Jolla-based buyer for $11.3 million. Jeff Conover, Shaun Riley and Scott DeYoung of Faris Lee represented the seller, with Infinity Investment Properties representing the buyer in the deal. Situated on 2.7 acres, Sprouts Farmers Market occupies the single-tenant property. The tenant has a 15-year, …

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Investment salesNewsPennsylvania

Colliers Arranges Sale of 41,311-Square-Foot Ferrari Philadelphia Car Dealership

by Hayden Spiess

Bryn Mawr, Pa. — Colliers has arranged the sale of Ferrari Philadelphia, a 41,311-square-foot car dealership located in Bryn Mawr, approximately 10 miles northwest of Philadelphia. The property comprises a 36,314-square-foot sales and service building and a 4,997-square-foot repair building across the street. An affiliate of Piazza Auto Group purchased Ferrari Philadelphia from an affiliate of RDS Automotive for an undisclosed price. Rich Weitzman of Colliers brokered the deal.

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Oak-Lawn-5114-5128-W-95th-St
IllinoisInvestment salesNews

Quantum Brokers $3.5 Million Sale of Multi-Tenant Retail Building in Chicago Suburb

by Hayden Spiess

Oak Lawn, Ill. — Quantum Real Estate Advisors Inc. has brokered the $3.5 million sale of a 13,000-square-foot retail building in the Chicago suburb of Oak Lawn. Built in the mid-2000s and known as 51st Avenue Station, the property was fully leased at the time of sale to Chiro One, Miracle One, Cold Stone Creamery and other local and national tenants. Chad Firsel and Brett Berlin of Quantum represented the seller, a private fund based in Illinois, in the 1031 exchange.

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Chino-Village-Chino-CA
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $8.4 Million Sale of Chino Village Shopping Center in Southern California

by Hayden Spiess

Chino, Calif. — Progressive Real Estate Partners has brokered the sale of Chino Village, a neighborhood retail center located at 4103 Riverside Drive in Chino. An Orange County-based seller sold the property to a Los Angeles-based private investor for $8.4 million. The purchase included the retail center and approximately 2.5 acres of undeveloped land with flexible zoning. Built in 1984, Chino Village features 20,600 square feet of retail space with more than 380 feet of frontage along multiple points of access. Current tenants include Jiffy Lube, Subway, Wienershnitzel and a …

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Shops-on-Montview-Denver
ColoradoInvestment salesNews

JLL Brokers Sale of 8,511-Square-Foot Shopping Center in Denver

by Hayden Spiess

Denver — JLL Capital Markets has arranged the sale of The Shops on Montview, an 8,511-square-foot retail center located in the Central Park neighborhood of Denver. Tenants at the center — which was built in 2020 and was 100 percent leased at the time of sale — include I Heart Mac & Cheese, Pizza Hut, Smile Studio Dental and Starbucks Coffee. Jason Schmidt of JLL represented the seller, Miller United Real Estate LLC, in the transaction.

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Walgreens-Miami-Beach-Fla
FloridaInvestment salesNet leaseNews

Northmarq Brokers $35.3 Million Sale of Walgreens-Occupied Property in Miami Beach, Florida

by Hayden Spiess

Miami Beach, Fla. — Northmarq has arranged the sale of a 22,857-square-foot property located at 509 Collins Ave. in Miami Beach. Jason Maier of Northmarq represented the buyer, a New York-based private investor, in the $35.3 million transaction. The single-tenant property, which was sold by an undisclosed New York-based individual, is leased to Walgreens on a triple-net basis.

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Whole-Foods-North-Cicero-Avenue-Chicago
IllinoisInvestment salesNews

Whole Foods-Occupied Property Trades Hands for $18.1 Million in Chicago’s Sauganash Neighborhood

by Hayden Spiess

Chicago — A California-based family trust has acquired a retail building occupied by Whole Foods Market in Chicago for $18.1 million. The 41,148-square-foot store is situated on the first floor of a condominium development at 6020 N. Cicero Ave. within the Sauganash neighborhood. Isaiah Harf of Northmarq represented the seller, a Maryland-based private investor, in the transaction. The property was built in 2017.

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Investment salesNewsTexas

CBRE Arranges Sale of 214,625-Square-Foot Lake Air Shopping Center in Waco, Texas

by Hayden Spiess

Waco, Texas — CBRE has arranged the sale of Lake Air Shopping Center, a 214,625-square-foot retail property in Waco. At the time of sale, the center was 85 percent leased to tenants including Dollar Tree, Melrose, Tuesday Morning, Twin Liquors, AT&T, Starbucks Coffee and Domino’s Pizza. Blaine Dozier, Jim Batjer, Chris Cozby, Mark Witcher and Harrison Tye of CBRE represented the undisclosed seller in the transaction. Clay Fuller of Coldwell Banker Commercial assisted in closing the deal.

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Marianos-Crystal-Lake-Ill
IllinoisInvestment salesNews

Northmarq Brokers $34.7 Million Sale of Mariano’s-Occupied Property in Suburban Chicago

by Hayden Spiess

Crystal Lake, Ill. — Northmarq has brokered the $34.7 million sale of a freestanding grocery store property occupied by Mariano’s in the Chicago suburb of Crystal Lake. Built in 2018, the property spans 74,800 square feet. The grocery store features a Starbucks Coffee, sushi bar, pizza oven, oyster bar and sweets shop. Jason Maier of Northmarq represented the seller, a New York-based private investor. The New York-based buyer completed a 1031 exchange.

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Publix-Crestview-Fla
FloridaGrocery-anchoredInvestment salesNews

Cleeman Realty Group Brokers $7 Million Sale of Florida Panhandle Shopping Center

by Hayden Spiess

Crestview, Fla. — Cleeman Realty Group has arranged the sale of Northcrest Shopping Center, a 55,152-square-foot retail center located in Crestview. Michael Cleeman of Cleeman represented the seller in the $7 million transaction. Located at 1355 N. Ferdon Blvd., the property is anchored by a Publix Supermarket.

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