Hooksett, N.H. — Atlantic Capital Partners has negotiated the $10.7 million sale of a 155,820-square-foot shopping center in Hooksett, a northern suburb of Manchester. A 94,500-square-foot space formerly occupied by Kmart anchors the center, and other tenants include Applebee’s, Dollar Tree and New Hampshire Liquor & Wine Outlet. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller, RK Centers, and procured the buyer, Brady Sullivan Properties, in the transaction.
Norristown, Pa. — CBRE has brokered the $7.4 million sale of a 25,150-square-foot veterinary clinic in Norristown, a northwestern suburb of Philadelphia. Metropolitan Veterinary Associates occupies the facility, which was originally built in 1987 and renovated in 2019, on a triple-net basis. Michael Shover, Matthew Gorman, Thomas Finnegan and Rob Thompson of CBRE represented the seller, an entity doing business as LMP Van Buren LLC, in the transaction. The team also procured the buyer, a Nashville-based limited liability company.
Phoenix — Tradewinds Capital LP has purchased the newly constructed Laveen Park Place, a shopping center located in the Laveen neighborhood of Phoenix. LB 59th LLC, an entity formed by Kitchell Corp., sold the property for $40.3 million. Built in phases between 2019 and 2022, Laveen Park Place offers 109,219 square feet of retail space on 17.5 acres at the southeast corner of Loop 202 and Baseline Road. Sprouts Farmers Market, TJ Maxx and Michaels are tenants at the fully occupied shopping center. Michael Hackett and Ryan Schubert of Cushman …
Kansas City, Mo. — Colliers has brokered the $32 million sale of Twin Creeks Shopping Center in Kansas City. The 257,450-square-foot property is located along North Madison Avenue. The center was 99 percent leased at the time of sale to 14 tenants, including Kohl’s, Ross Dress for Less, Ulta Beauty, Petco, Five Below, Famous Footwear, Bath & Body Works, Spectrum and AT&T. A Target store at the property was not included in the sale. El Warner, Charley Simpson, Caitlin Zirpolo and Drew Quinn of Colliers represented the seller, an entity …
O’Fallon, Mo. — First National Realty Partners has acquired River City Marketplace in O’Fallon, about 37 miles northwest of St. Louis. A 31,000-square-foot Fresh Thyme Market anchors the 158,000-square-foot shopping center. Fresh Thyme has operated at the property since 2015. Additional tenants include Total Wine & More, Ross Dress for Less, Five Below, Kirkland’s and Kay Jewelers. The property was built in 2005, according to LoopNet. Evan Halkias, David Matheis and Link Dierks of Cushman & Wakefield represented the undisclosed seller in the transaction.
New York City — Regal Ventures has acquired a 37,165-square-foot retail and parking condo located at 897 Eighth Ave. in Manhattan’s Hell’s Kitchen neighborhood for $35.2 million. The property’s retail component is 15,893 square feet, and the parking space spans 21,272 square feet. Regal Ventures acquired the property in partnership with Morrison Street Capital from Prudential Financial.
Alhambra, Calif. — SBH Real Estate Group has completed the disposition of the ground lease for a single-tenant restaurant building located in Alhambra. A Southern California-based private investor acquired the asset for $8.2 million. Raising Cane’s Chicken Fingers occupies the 3,957-square-foot property, which is situated on 1.4 acres at 1300 E. Valley Blvd. The newly developed building features the restaurant’s latest prototype design and opened for business in June 2022. The property offers a double drive-thru and includes a 704-square-foot outdoor patio area. Matthew Mousavi and Patrick Luther of SRS …
Manassas, Va. — First National Realty Partners LLC has acquired Promenade at Manassas, a 287,000-square-foot shopping center that was built in 1995 in Manassas. A 107,000-square-foot The Home Depot anchors the property, which is situated 31 miles west of Washington, D.C., at the intersection of I-66 and Sudley Road. Other tenants include a 43,000-square-foot Oh! Market, as well as Ashley Home Furniture, Planet Fitness, The Tile Shop and Sherwin-Williams. Ryan Sciullo of CBRE represented the undisclosed seller in the transaction.
Hopkinsville, Ky. — Fimiani Development Corp. has acquired Pennyrile Marketplace, an 85,000-square-foot shopping center located at 3010 Fort Campbell Blvd. in Hopkinsville. Seritage KMT Finance sold the property for $3.8 million. Built in 1978, Pennyrile Marketplace sits on 12 acres near the Fort Campbell Army base and houses tenants including Harbor Freight Tools, Bargain Hunt and Farmers Home Furniture. Mike Fimiani represented the buyer in the transaction on an internal basis, and Marc Ozburn and Ross Robison of Berkeley Capital Advisors represented the seller. Fimiani Development plans to make renovations …
Sedona, Ariz. — MCA Realty has purchased Hillside Sedona, a 35,000-square-foot shopping center located in Sedona, Arizona. Tracy Cartledge, Bob Buckley, Shane Carter and Chris Hollenbeck of Cushman & Wakefield represented MCA in the $12.5 million transaction. The center was 89 percent leased at the time of sale. Tenants include The Hudson, Javelina Cantina, Berkshire Hathaway and Mooney’s Irish Pub & Burger Bar.