Investment sales

Kendig-Square-Willow-Street-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Brokers Sale of 186,749-Square-Foot Retail Center in Southern Pennsylvania

by Hayden Spiess

Willow Street, Pa. — Northpath Investments has sold Kendig Square, a 186,749-square-foot retail center located in Willow Street, roughly 70 miles west of Philadelphia. Christopher Munley, Jim Galbally, Colin Behr and James Graf of JLL Capital Markets represented Northpath in the transaction. Kendig Square, which was 95 percent occupied at the time of sale, is anchored by Weis Markets, a grocer with over 30 years of tenancy at the property. Additional tenants include Rite Aid, Planet Fitness, Dollar Tree, PNC Financial Services, UPS and Dollar General. Triple Bar Properties Inc. …

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Liberty-Square-Wauconda-Ill
Grocery-anchoredIllinoisInvestment salesNews

AmCap, Encore Acquire 107,431-Square-Foot Shopping Center in Chicago Suburb

by Hayden Spiess

Wauconda, Ill. — AmCap Inc., in a joint venture with Encore Enterprises, has acquired Liberty Square, a 107,431-square-foot retail center located in the Chicago suburb of Wauconda. Anchored by a 54,522-square-foot Jewel-Osco, the shopping center was 97 percent leased at the time of sale to tenants including UPS, Charter Fitness, KFC, Subway, Pet Supplies Plus and PNC Bank. This acquisition marks AmCap’s fifth grocery-anchored retail center in the Chicago area. Ben Wineman of Mid-America Real Estate Corp. brokered the transaction.

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Redondo-Plaza-Gardena-Calif
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $15.1 Million Sale of Shopping Center in Gardena, California

by Hayden Spiess

Gardena, Calif. — JLL Capital Markets has brokered the sale of Redondo Plaza, a 28,000-square-foot retail center located in Gardena. Gleb Lvovich, Daniel Tyner, Geoff Tranchina and Bryan Ley of JLL represented the seller, Storm Properties, in the $15.1 million transaction. JLL also procured the private, 1031-exchange buyer. Redondo Plaza, which was 100 percent leased at the time of sale, is anchored by Aldi. Tenants include Domino’s Pizza, T-Mobile, Jackson Hewitt, Super Laundry and Crazy Rock’n Sushi.

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Shoppes-Park-Place_Pinellas-Park
FloridaInvestment salesNews

JLL Brokers $85 Million Sale of Shoppes at Park Place in Tampa Bay Area

by Hayden Spiess

Pinellas Park, Fla. — JLL has brokered the $85 million sale of Shoppes at Park Place, a 361,250-square-foot shopping center located at 7200 U.S. Highway 19 N in the Tampa Bay suburb of Pinellas Park. Brad Peterson, Tom Hall, Whitaker Leonhardt and Michael Brewster of JLL represented the unnamed seller in the transaction. CBRE represented the buyer, Belleair Development, which funded the acquisition with a $51 million loan. Built in 2006, Shoppes at Park Place was 97.4 percent leased at the time of sale to tenants including Regal Cinemas, Academy …

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601-617-Mall-Ring-Circle-Henderson-NV
Investment salesNevadaNewsRestaurants

PEBB Enterprises Sells Galleria Pavilion Shopping Center in Henderson, Nevada for $22.5 Million

by Hayden Spiess

Henderson, Nev. — PEBB Enterprises has completed the sale of Galleria Pavilion, a shopping center located in Henderson, approximately 15 miles southeast of Las Vegas. Dong Koo Kim and Jong Ok Kim, trustees of the Dong Koo Kim and Jong Ok Kim Family Trust, acquired the property for $22.5 million. The 64,598-square-foot Galleria Pavilion is on an outparcel of Sunset Mall, a 1.1-million-square-foot retail center. At the time of sale, the property was 95 percent occupied by tenants including Buffalo Wild Wings, Panera Bread, Nothing Bundt Cakes, Aqua Tots and …

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12005-Central-Ave-Chino-CA
CaliforniaInvestment salesNewsRestaurants

SRS Real Estate Partners Negotiates Sale of Two Retail Properties in Chino, California

by Hayden Spiess

Chino, Calif. — SRS Real Estate Partners has arranged the sales of two single-tenant retail buildings that are outparcels to Country Fair Shopping Center, a 168,000-square-foot shopping center located in Chino. Separate California-based private investors acquired the assets from a Southern California-based private investor for a total of $6.2 million. Quick-service-restaurants Wienerschnitzel and Carl’s Jr. occupy the two buildings. Built in 1976, the 1,600-square-foot, Wienerschnitzel-occupied building sold for $2.4 million. The tenant has approximately seven years remaining on its corporate lease. Constructed in 2016, the 3,796-square-foot Carl’s Jr.-occupied property sold …

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Southern-Plaza
Grocery-anchoredIndianaInvestment salesNews

First National Realty Partners Acquires 268,000-Square-Foot Shopping Center in Indianapolis

by Hayden Spiess

Indianapolis — First National Realty Partners (FNRP) has acquired Southern Plaza in Indianapolis for an undisclosed price. A 59,500-square-foot Kroger store anchors the 268,000-square-foot shopping center. A tenant at the center since 1990, Kroger recently updated its storefront and renovated the interior. Additional tenants at the property include Ross Dress for Less, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, BMO Bank and Sally Beauty. John May of Prodigy Real Estate Group represented the undisclosed seller in the transaction.

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New City Shopping Center
Grocery-anchoredInvestment salesNew YorkNews

KABR Group, BTF Purchase 125,110-Square-Foot Shopping Center in New City, New York

by Hayden Spiess

New City, N.Y. — The KABR Group, in partnership with BTF, has purchased New City Shopping Center, a 125,110-square-foot property located in New City, roughly 40 miles north of New York City. The grocery-anchored retail center was 96 percent leased at the time of the $30 million sale. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Oliver, Steve Simonelli, Andrew Scandalios and Austin Pierce of JLL Capital Markets represented the undisclosed seller in the transaction.

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1821-1871-S-San-Jacinto-Ave-San-Jacinto-CA
CaliforniaFaris Lee InvestmentsInvestment salesNewsRestaurants

Faris Lee Brokers $10.5 Million Sale of Two Retail Outparcel Buildings in San Jacinto, California

by Hayden Spiess

San Jacinto, Calif. — Faris Lee Investments has arranged the sale two outparcel retail buildings located in San Jacinto. A northern California-based buyer in a 1031 exchange acquired the properties from an undisclosed seller for $10.5 million. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the seller, while Keegan & Coppin represented the buyer in the deal. The 14,883-square-foot property is home to tenants including GameStop, Great Clips, Wing Stop and T-Mobile.

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516-Ash-St-Baraboo
Investment salesNewsWisconsin

Greywolf Partners Negotiates $1 Million Sale of Convenience Store Portfolio in Wisconsin

by Hayden Spiess

Baraboo, Reedsburg and Wyocena, Wis. — Greywolf Brokerage, a division of Greywolf Partners Inc., has negotiated the sale of a three-property portfolio of gas stations and convenience stores in Wisconsin for $1 million. The properties are located at 516 Ash St. in Baraboo, 306 E. Main St. in Reedsburg and 123 S. Washington St. in Wyocena. Together, the properties total 6,144 square feet. Steve Turner of Greywolf Brokerage represented the undisclosed seller.

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