Investment sales

Greenfield-Market
IndianaInvestment salesNews

Hanley Investment Group Arranges Sale of Three Quick-Service Restaurants in Metro Indianapolis

by Hayden Spiess

Greenfield, Ind. — Dylan Mallory of Hanley Investment Group Real Estate Advisors, in collaboration with Jacque Haynes of Midland Atlantic Properties, has orchestrated the sales of three retail properties located in Greenfield, approximately 25 miles east of downtown Indianapolis. All located on North State Street as part of the Greenfield Market development, the properties were acquired by separate 1031-exchange buyers in transactions totaling more than $9 million. Indianapolis-based Midland Atlantic Properties was the seller. The properties included a 2,616-square-foot Chipotle Mexican Grill, a 3,500-square-foot Panera Bread and a 4,500-square-foot Chick-fil-A. …

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Grocery-anchoredInvestment salesKansasNews

Blue West Capital Arranges $9 Million Sale of Grocery-Anchored Shopping Center in Central Kansas

by Hayden Spiess

Salina, Kan. — Blue West Capital has arranged the $9 million sale of Sunset Plaza in Salina, a city in central Kansas located roughly 100 miles north of Wichita. Dillons, a division of Kroger, anchors the 126,606-square-foot shopping center. The Dillons store was remodeled in 2019, and a fuel center was added in 2020. Originally constructed in 1960, Sunset Plaza was nearly fully leased at the time of sale. Robert Edwards, Zach Wright and Shawn Dickmann of Blue West Capital represented the seller, a Kansas-based private equity real estate company. …

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Plaza-Northwest
ColoradoInvestment salesNews

JLL Capital Markets Arranges $6.4 Million Sale of Retail Center in Suburban Denver

by Hayden Spiess

Westminster, Colo. — Plaza Northwest, a 27,405-square-foot retail center located in Westminster, roughly 11 miles northwest of Denver. Jason Schmidt of JLL Capital Markets represented the seller, Centre Point Properties, in the transaction. Park Meadows Real Estate LLC acquired the property, which was 94 percent leased at the time of sale. Tenants include Rocky Mountain Urgent Care, 303 Training Center, Hot Pho, T Love Nails, Empire Fitness, One Main Financial, State Farm, Partners in Health and Connie’s Antiques.

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Grocery-anchoredInvestment salesNewsNorth Carolina

ShopOne Acquires 40,000-Square-Foot Shopping Center in Metro Raleigh

by Hayden Spiess

Cary, N.C. — ShopOne Centers REIT Inc., in a joint venture with Pantheon and an undisclosed institutional investor, has acquired Shoppes on the Parkway in Cary, about ten miles west of downtown Raleigh. The Fresh Market anchors the 40,000-square-foot center, which was 96 percent leased at the time of sale. The transaction marks the first acquisition by the joint venture.

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Lakeport-Commons
Investment salesIowaNews

JLL Arranges $27.5 Million Sale of 202,880-Square-Foot Shopping Center in Sioux City, Iowa

by Hayden Spiess

Sioux City, Iowa — JLL Capital Markets has arranged the $27.5 million sale of Lakeport Commons, a 202, 880-square-foot shopping center located in Sioux City. Amy Sands, Clinton Mitchell, Michael Nieder, and Marcus Pitts of JLL represented the seller, The RH Johnson Co. The center was 95 percent occupied at the time of sale by tenants including Aldi, Ross Dress for Less, Five Below, Old Navy, PetSmart, Michaels, Boot Barn, Shoe Carnival and Staples. The property is also home to a separately owned Kohl’s, which was not included in the …

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Cox-Creek
AlabamaInvestment salesNews

Newmark Facilitates $24 Million Sale of Cox Creek Shopping Center in Florence, Alabama

by Hayden Spiess

Florence, Ala. — Newmark has arranged the sale of Cox Creek Shopping Center in Florence. Mark Joines and Drew Fleming of Newmark represented the seller, U.S. Properties Group. The 142,044-square-foot property was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Field & Stream, Petco, Old Navy, Five Below and Ulta Beauty. United Properties Corp. acquired the center, which is situated directly across from the 675,000-square-foot Florence Mall, for $24 million.

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KFC-Taco-Bell-Naperville-IL
IllinoisInvestment salesNet leaseNews

Boulder Group Brokers $2 Million Sale of Net Leased Restaurant Property in Suburban Chicago

by Hayden Spiess

Naperville, Ill. — The Boulder Group has brokered the $2 million sale of a restaurant property net leased to KFC and Taco Bell in the Chicago suburb of Naperville. The 2,982-square-foot building is located along Reflection Drive. Randy Blankstein and Jimmy Goodman of Boulder represented the buyer, a Midwest-based real estate investor completing a 1031 exchange. A Southeast-based real estate company was the seller.

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Investment salesNewsWisconsin

Blue West Capital Negotiates $2.9 Million Sale of Retail Center in Metro Milwaukee

by Hayden Spiess

Hartford, Wis. — Blue West Capital has negotiated the $2.9 million sale of Hartford Shops in Hartford, about 37 miles northwest of downtown Milwaukee. The 12,530-square-foot retail center is fully leased and is shadow anchored by Aldi. Tenants at the time of sale included Dunkin’, H&R Block, Shopko Optical and Papa Murphy’s. Carly Kelly and Shawn Dickmann of Blue West Capital represented the seller, a Dallas-based private real estate company. The duo also procured the buyer, a Colorado-based private investor.

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Concord-Station
Investment salesNewsNorth Carolina

Stan Johnson Co. Arranges $15.2 Million Sale of 45,569-Square-Foot Retail Center in Metro Charlotte

by Hayden Spiess

Concord, N.C. — Stan Johnson Co. has arranged the $15.2 million sale of Concord Station, a 45,569-square-foot retail center located approximately 15 miles northeast of Charlotte in Concord. Billy Benedict of Stan Johnson Co. represented the South Carolina-based private buyer in the acquisition of the property from a Florida-based developer. Concord Station was leased to nine tenants at the time of sale, including McAlister’s Deli, Guitar Center, The UPS Store and Big Blue Swim School.  

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Muncie-Marketplace
IndianaInvestment salesNews

JLL Arranges $14.6 Million Sale of Retail Center in Greater Indianapolis Area

by Hayden Spiess

Muncie, Ind. — JLL Capital Markets has arranged the $14.6 million sale of a 77,871-square-foot retail center, Muncie Marketplace. The center is located in Muncie, Indiana, roughly 57 miles northeast of Indianapolis and three miles from Ball State University. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL arranged the disposition on behalf of the seller, AlbaneseCormier Holdings LLC. Built in 2014, Muncie Marketplace was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. War …

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