Mesquite, Texas — Weitzman has brokered the sale of a 73,872-square-foot retail building located on a 9.2-acre site at 3677 W. Emporium Circle in the eastern Dallas suburb of Mesquite. The undisclosed buyer will use the freestanding building, which previously housed an Academy Sports + Outdoors, as a showroom and warehouse for wholesale nail salon supplies. Cameron Mai of Weitzman represented the buyer in the deal. Mason Bishop of Transwestern represented the seller, a Houston-based partnership.
Suwanee, Ga. — Stan Johnson Co. has arranged the sale of Suwanee Celebration Village, a 14,388-square-foot shopping center in the Atlanta suburb of Suwanee. Jeff Enck, Brian Lane and Emery Shane of Stan Johnson Co. represented the seller, a locally-based group of private investors. A McDonough, Georgia-based individual investor acquired the property for $5.1 million. Built in 2019, the center was fully leased at the time of sale to seven tenants including Verizon Wireless and ATI Physical Therapy.
Saint Charles, Ill. — The Boulder Group has arranged the $3.3 million sale of a PNC Bank ground lease in Saint Charles, about 40 miles west of Chicago. The 3,586-square-foot building is located at 3879 E. Main St. The property serves as an outparcel to a Target-anchored shopping center. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private, Midwest-based real estate investor. An undisclosed Midwest-based buyer acquired the property through a 1031 exchange.
Sarasota, Fla. — CBRE has arranged the $8.8 million sale of Oaks Plaza, a 38,837-square-foot retail center, and an adjacent parcel ground leased to Walgreens in Sarasota. Mark Shellabarger and Ari Ravi of CBRE represented the seller, a New York City-based private investment company, in the disposition of the property to a Tampa Bay-based private investment group. Located at 3880-3916 Central Sarasota Parkway, Oaks Plaza features two buildings, which were 57 percent leased at the time of sale to six tenants including Skillets, Tropical Smoothie Café and Town Square.
Chicago — Marcus & Millichap has brokered the $7 million sale of a Starbucks Coffee-anchored retail center located at 5505 S. Kedzie Ave. in Chicago’s Gage Park. The Starbucks features a drive-thru, and the overall property spans 14,812 square feet. Other tenants include a mix of medical and retail users. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap represented the seller, a Chicago-based developer. The asset sold to an all-cash buyer.
Orlando, Fla. — Coldwell Banker Commercial Sunstar Realty has arranged the $3.3 million sale of a 20,780-square-foot retail property located at 801 N. John Young Parkway in Orlando. Ray Brunner of Coldwell Banker Commercial Sunstar Realty represented the seller in the disposition of the property to an undisclosed private investor. Built in 1980, the retail property is currently leased to the Majestic Restaurant Lounge and Event Center.
Kissimmee, Fla. — PMAT Cos. has sold Columbia Promenade, a 65,853-square-foot, Publix-anchored shopping center in Kissimmee, for $12.7 million. Danny Finkle, Brad Peterson, Eric Williams, Whitaker Leonhardt and Kim Flores of JLL represented the seller in the transaction. The buyer was not disclosed. Built in 2000, Columbia Promenade was 98.6 percent leased at the time of sale to tenants including H&R Block and MetroPCS. Situated on 9.7 acres at 1251 W. Columbia Ave., the property is located about 24 miles from downtown Orlando and 12 miles from Walt Disney World …
Indiana — Newmark has brokered the sale of a four-property retail portfolio in Indiana for approximately $10.5 million. The portfolio includes a Starbucks Coffee, Dollar Tree and two CVS/pharmacy properties totaling 34,814 square feet. Specific addresses and cities were not provided. Matt Berres, Samer Khalil and Jenna Barnett of Newmark represented the seller, a private developer. The team also procured the buyer, a REIT.
Salina, Kan. — Quantum Real Estate Advisors Inc. has arranged the $2.5 million sale of a single-tenant retail property net leased to Wendy’s in the central Kansas town of Salina. The 2,967-square-foot building is located at 1940 S. Ohio St. Jason Caplan of Quantum represented the Chicago-based buyer. Matthew Mousavi of SRS Real Estate represented the seller, a real estate investment and operating company based in California.
Jacksonville, Fla. — Marcus & Millichap has brokered the $5.8 million sale of Marietta Square, a 64,736-square-foot grocery-anchored shopping center in Jacksonville. Drew Kristol, Kirk Olson, Chad Atwood and Simon Grigoryan of Marcus & Millichap represented the seller, an entity affiliated with Saglo Development Corp., and the buyer, a Jacksonville-based private investor. Built in 1991, Marietta Square is anchored by Rowe’s IGA Supermarket and fully leased to tenants such as Family Dollar and AutoZone. Located at 8299 W Beaver St., the property is situated about 9.5 miles from downtown Jacksonville …