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Investment sales

Stadium Trace Village
AlabamaInvestment salesNews

SRS Brokers $13.9 Million Sale of Retail Center in Metro Birmingham

by Julia Sanders

Hoover, Ala. — SRS Real Estate Partners’ Investment Properties Group has brokered the sale of Stadium Trace Village, a 33,625-square-foot retail center in Hoover. MAP Development sold the property for $13.9 million to Liberty Retail Properties. Boris Shilkrot, Kyle Stonis and Pierce Mayson of SRS’ Atlanta office represented the seller. The buyer was self-represented in the transaction. Built in 2019, Stadium Trace Village is shadow-anchored by Aldi, Duluth Trading Co. and UAB Medicine. The center is fully occupied by retailers such as OHenry’s Coffee, Edgar’s Bakery, Mooyah Burgers, Cookie Cutters, …

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Sherwin Williams
Investment salesNewsWisconsin

Stan Johnson Co. Arranges $2.4 Million Sale of Property Net Leased to Sherwin-Williams in Milwaukee

by Julia Sanders

Milwaukee — Stan Johnson Co. has arranged the $2.4 million sale of a 3,500-square-foot retail property net leased to Sherwin-Williams in Milwaukee. The building is located at 1216 S. 1st St. and was constructed in 2018. Blaise Bennett of Stan Johnson represented the seller, a Wisconsin-based developer. A Texas-based private equity group was the buyer. The sales price represents a cap rate of 5.1 percent, a new record for a Sherwin-Williams property in the Midwest, according to Stan Johnson.

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Shops at Cooley Station
ArizonaInvestment salesNews

Phoenix Commercial Advisors Brokers $10 Million Sale of Shops at Cooley Station Near Phoenix

by Julia Sanders

Gilbert, Ariz. — Phoenix Commercial Advisors has negotiated the $10 million sale of Shops at Cooley Station, a 15,912-square-foot retail center located at 4049 E. Williams Field Road in Gilbert, roughly 20 miles outside Phoenix. The property was fully occupied at the time of sale by tenants including Pacific Dental, Wing Stop, F45, Little Caesars, Life Quest and My House. Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.

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Mineral Shops
ColoradoInvestment salesNews

Blue West Capital Arranges Sale of 9,910-Square-Foot Retail Center in Metro Denver

by Julia Sanders

Littleton, Colo. — Blue West Capital has arranged the sale of Mineral Shops, a neighborhood retail center located at 4760 W. Mineral Ave. in the Denver suburb of Littleton. Mineral Shops features 9,910 square feet of retail space and was 100 percent occupied at the time of sale. Tenants include Rita B Salon, Blush Nail Salon, King Liquor, Dunkin’ and Columbine Dentistry. Robert Edwards and Carly Kelly of Blue West Capital represented the buyer, a Texas-based private real estate investment company, and seller, a San Francisco-based private real estate investor, …

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The Forts
GeorgiaInvestment salesNews

Stan Johnson Co. Arranges Sale of 5,013-Square-Foot Retail Property Near Chattanooga

by Julia Sanders

Fort Oglethorpe, Ga. — Stan Johnson Co. has arranged the sale of The Forts, a 5,013-square-foot, two-tenant retail center located in Fort Oglethorpe, about eight miles from Chattanooga. Ryan Roedersheimer of Stan Johnson Co. represented the seller, a Tennessee-based investor. An individual investor from Cumming, Georgia, acquired the property for $1.8 million. Built in 2018, the building is fully leased to America’s Best Contacts & Eyeglasses and Buff City Soap on long-term triple net leases.

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CVS
CaliforniaInvestment salesNews

Hanley Investment Arranges $11.9 Million Sale of CVS/pharmacy-Anchored Retail Center in Metro Los Angeles

by Julia Sanders

Duarte, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11.9 million sale of a 19,497-square-foot retail center located at 2315-2329 Huntington Drive in the Los Angeles County community of Duarte. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer, a private investor in Monrovia, California, in the acquisition of the property from Lake Development. CVS/pharmacy anchors the center, which is fully occupied by tenants including Bank of America and Children 1st Pediatric Group.

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Dunbarton Plaza
Investment salesNewsSouth Carolina

Cooper Commercial Arranges Sale of 24,000-Square-Foot Retail Property in Barnwell, South Carolina

by Julia Sanders

Barnwell, S.C. — Cooper Commercial Investment Group has arranged $3.3 million sale of Dunbarton Plaza, a 24,000-square-foot retail center located in Barnwell. The fully occupied property is shadow-anchored by Walmart Supercenter and was home to tenants including Cato, AT&T, Shoe Show, Domino’s Pizza and Hibbett Sports at the time of sale. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, an East Coast private investor, in this transaction. A private South Carolina-based investment group purchased the property.

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Investment salesNewsOhio

Marcus & Millichap Arranges $7.8 Million Sale of Walgreens-Occupied Property in Suburban Akron

by Julia Sanders

Fairlawn, Ohio — Marcus & Millichap has arranged the $7.8 million sale of a Walgreens-occupied property in Fairlawn, a northwest suburb of Akron. The 14,820-square-foot, net-leased building is located at 3009 W. Market St. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a private investor. Buyer information was not provided.

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7-Eleven
FloridaInvestment salesNews

RealSource Arranges $5.6 Million Sale of 7-Eleven Property in North Naples, Florida

by Julia Sanders

Naples, Fla. — RealSource Group has arranged the $5.6 million sale of a single-tenant property net-leased to 7-Eleven in North Naples. Austin Blodgett of RealSource, along with ParaSell Inc., represented the buyer, a private investor based in Los Angeles, California. John Beckman of Retail Site Experts represented the seller, Creighton Development, in the transaction. The 3,155-square-foot building is located on 0.8 acres at Green Tree Center and features a fuel station.

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Jack in the Box
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $2.7 Million Acquisition of Jack in the Box Property in Los Angeles County

by Julia Sanders

Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.7 million sale of a Jack in the Box-occupied property located at 101 W. Foothill Blvd. in the Los Angeles County community of Pomona. A San Gabriel, California-based private investor acquired the asset from an undisclosed seller. Mike Lin of Progressive Real Estate Partners represented the buyer in the transaction. Jack in the Box has occupied the property, which features a drive-thru lane, for more than 30 years.

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