Investment sales

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GeorgiaInvestment salesNewsNorth CarolinaUncategorized

RealSource Group Arranges $7.9 Million Sale-Leaseback of Car Wash Portfolio in North Carolina, Georgia

by Hayden Spiess

Forest City, N.C. and Cedartown, Ga. — RealSource Group has arranged the $7.9 million sale-leaseback of a portfolio consisting of two Mach-1 Express Wash properties. Both assets are single-tenant 4,000-square-foot properties located in Walmart-anchored shopping centers. One of the properties is located in Forest City, North Carolina, roughly 65 miles west of Charlotte. The second property is located in Cedartown, Georgia, 60 miles outside of downtown Atlanta. Austin Blodgett of RealSource and Chris Salemi of Aileron Capital Management represented the seller, Mach One (Holdings) Limited. The undisclosed New Jersey-based institutional …

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Investment salesNewsSouth Carolina

SVN | Blackstream Negotiates $10.7 Million Sale of Woodruff Village Shopping Center in Greenville, South Carolina

by Hayden Spiess

Greenville, S.C. — The retail division of SVN | Blackstream, dubbed Reedy River Retail, has negotiated the $10.7 million sale of Woodruff Village Shopping Center in Greenville. Located at 1810-1848 Woodruff Road, the property’s tenant roster includes Planet Fitness, Social Latitude and Habitat for Humanity’s Restore. Daniel Holloway and Dustin Tenney of Reedy River Retail represented the seller, an entity doing business as Woodruff Investment National Exchange LLC, in the transaction. Rox Pollard of Colliers represented the buyer, MarBro Realty LLC.

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Kalaveras
CaliforniaInvestment salesNewsRestaurants

Progressive Real Estate Partners Arranges $2.8 Million Sale of Restaurant Building in Moreno Valley

by Hayden Spiess

Moreno Valley, Calif. — Progressive Real Estate Partners has arranged the $2.8 million sale of a property located in Moreno Valley to Southern California-based Mexican restaurant chain Kalaveras. The 8,927-square-foot building previously housed a Woody’s Restaurant, which closed in late 2021. Albert Lopez and Greg Bedell of Progressive represented the seller, a Southern California-based private investor. Allen Kirschbaum of Saddleback Realty represented Kalaveras in the transaction.

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Market-District
Grocery-anchoredInvestment salesNewsOhioUncategorized

Hanley Investment Group Arranges Sale of 139,000-Square-Foot Shopping Center in Metro Columbus

by Hayden Spiess

Dublin, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of Perimeter Center, a 139,000-square-foot shopping center in Dublin, roughly 17 miles north of Columbus. Ed Hanley and Kevin Fryman of Hanley, in association with ParaSell Inc., represented the buyer, an affiliate of Orton Development Inc., in the 1031 exchange transaction. Perimeter Center was fully leased at the time of sale to tenants including Giant Eagle Market District, Chipotle Mexican Grill, Edward Jones, Enterprise Rent A Car, Sport Clips, UPS Store and Jersey Mike’s Subs. The seller, …

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Left-Bank-Dallas
Grocery-anchoredInvestment salesNewsTexas

Centergy Retail Sells 114,120-Square-Foot Left Bank Shopping Center in Fort Worth, Texas

by Hayden Spiess

Fort Worth, Texas — Centergy Retail has sold Left Bank, a 114,120-square-foot shopping center located in Fort Worth, roughly 35 miles east of Dallas. Tom Thumb anchors the center, which was 98 percent leased at the time of sale. Other tenants include Hopdaddy Burger Bar, Crumbl Cookies, Nékter Juice Bar and Buffalo Wild Wings. Jim Batjer, Chris Cozby, Mark Witcher, Blaine Dozier and Harrison Tye of CBRE represented Centergy in the transaction.

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Investment salesNewsTexas

STRIVE Arranges Sale of 50,267-Square-Foot Retail Property in Dallas

by Hayden Spiess

Dallas — STRIVE has arranged the sale of a 50,267-square-foot retail property in Dallas. The spaces are primarily leased to Burlington and Planet Fitness. Jennifer Pierson and Hudson Lambert of STRIVE represented the seller, a locally based partnership, and procured the buyer, an institutional out-of-state investor, in the transaction.

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Newark-Shopping-Center
DelawareInvestment salesNews

Neuman Commercial Arranges $33.5 Million Sale of Newark Shopping Center in Metro Philadelphia

by Katie Sloan

Newark, Del. — Atlantic Realty Cos., represented by Gil Neuman of Neuman Commercial Group, has sold Newark Shopping Center for $33.5 million. The 145,400-square-foot retail center is located in Newark, Delaware, roughly 45 miles southwest of Philadelphia. The property was 93 percent leased at the time of sale to tenants including Newark Natural Foods, Main Street Movies 5, PNC Bank, Wingstop, Capriotti’s, Dollar Tree, Orangetheory Fitness, Goodwill, Fresenius Medical Care, Enterprise Rent-A-Car, T-Mobile, Rita’s Italian Ice, Tropical Smoothie Cafe and Chase Bank.

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Conyers-Commons_Atlanta
GeorgiaInvestment salesNews

M Street, Highline Purchase Conyers Commons Shopping Center in Metro Atlanta for $17 Million

by Katie Sloan

Conyers, Ga. — A joint venture between M Street Holdings and Highline Real Estate Capital has acquired Conyers Commons, a 118,916-square-foot shopping center in the Atlanta suburb of Conyers. The undisclosed seller sold the property for approximately $17 million. Chris DeCoufle, Kevin Hurley and Matt Karempelis of CBRE brokered the transaction on behalf of the seller, and BankUnited provided acquisition financing for M Street and Highline. Conyers Commons represents the joint venture’s second transaction in the Atlanta market this year. Anchored by Ross Dress for Less and Bealls Outlet, Conyers …

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Investment salesNewsPennsylvania

JLL Capital Markets Arranges Sale of 298,719-Square-Foot Retail Center in Metro Philadelphia

by Hayden Spiess

Montgomeryville, Pa. — JLL Capital Markets has arranged the sale of Airport Square, a 298,719-square-foot retail center located in Montgomeryville, roughly 25 miles north of Philadelphia. Airport Square was 98 percent leased at the time of sale and is anchored by TJ Maxx, Marshalls, Best Buy, Home Goods, HomeSense and Golf Galaxy. Other tenants include Old Navy, Michaels, Chipotle Mexican Grill and Shake Shack. Jim Galbally, Christopher Munley, Colin Behr and James Graf of JLL represented the seller, a global investment advisor, in the disposition of the property to a …

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Faris Lee InvestmentsInvestment salesLouisianaNet leaseNews

Faris Lee, SRSA Broker $31.4 Million Sale of Single-Tenant New Orleans Store Net-Leased to Whole Foods Market

by Hayden Spiess

New Orleans — Faris Lee Investments and SRSA Commercial Real Estate have brokered the $31.4 million sale of a single-tenant net-lease Whole Foods Market located at 5600 Magazine St. in New Orleans. The store, which is one of two Whole Foods in the city, is situated near Tulane University and was originally a street car barn constructed in 1893. Faris Lee’s Scott DeYoung and Jeff Conover, along with SRSA’s Steve Reisig, Chris Robertson and Kirsten Early, represented the undisclosed seller in the transaction. Jason Maier with Stan Johnson Co. represented …

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