Jacksonville, Fla. — Baum Family Investments has purchased three single-tenant properties located in Jacksonville. Kentucky Fried Chicken (KFC) occupies each of the properties on a triple-net-lease basis. An undisclosed seller sold the buildings for roughly $5 million. Baum Family Investments has acquired four other properties in the state this year, with plans to purchase an additional six properties before the end of 2024.
Winter Park, Fla. — CTO Realty Growth Inc. has acquired a portfolio of three shopping centers located in Florida and North Carolina. The properties, which together total 893,000 square feet, include Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Brandon, Florida. CTO purchased the portfolio from an undisclosed seller for $137.5 million. Carolina Pavilion, which was 93 percent leased at the time of sale, comprises roughly 691,000 square feet. Tenants at the center include AMC Theatres, Floor & Décor, Nordstrom Rack, Ross Dress for …
Visalia, Calif. — Matthews Real Estate Investment Services has arranged the sale of Mary’s Vineyard, a shopping center located in Visalia. Argonaut Investments, a privately held investment firm, acquired the asset from an undisclosed seller for $17.7 million. Developed in 1989 on 16.5 acres, the property totals 151,615 square feet and was leased to 28 tenants at the time of sale. Carter Hamilton and Matt LoPiccolo of Matthews Real Estate Investments represented the seller and buyer in the transaction.
Reading, Mass. — Atlantic Capital Partners has brokered the $5.6 million sale of a single-tenant property located in the Boston suburb of Reading. HomeGoods occupies the building, which totals 30,000 square feet. Justin Smith, Chris Peterson, Sam Koonce and Matt Austin of Atlantic Capital Partners represented both the buyer and seller in the transaction.
Elizabethton and Lafollette, Tenn. — Matthews Real Estate Investment Services has arranged the portfolio sale of two Tennessee shopping centers: Elk Crossing in Elizabethton and Cumberland Crossing in Lafollette. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller, Big V Property Group, in the transaction. An entity doing business as Vishal 1 LLC purchased the portfolio for an undisclosed price. Together, the properties total 170,900 square feet and were 99.4 percent leased at the time of sale. Tenants at Elk Crossing include Ross Dress for Less, United Grocery …
Mount Prospect, Ill. — Marcus & Millichap has brokered the $12.5 million sale of a retail portfolio located in the Chicago suburb of Mount Prospect. Built in 2012, the portfolio comprises three buildings occupying a combined 3.6 acres. Tenants at the properties include Chipotle Mexican Grill, Five Guys, Jersey Mike’s Subs, Sports Clips, T-Mobile, GNC, Panera Bread, Nothing Bundt Cakes, Hangry Joe’s, MOD Pizza and Poke Bros. Jeff Rowlett and Matthew Gordon of Marcus & Millichap represented the buyer, Lula Holdings. Maggie Holmes of Northmarq represented the seller, an entity doing …
Peoria, Ill. — Mid-America Real Estate Corp. has negotiated the sale of Metro Centre, a 166,290-square-foot retail center in Peoria. Tenants at the property, which was developed in 1971, include JOANN Fabric and Crafts, Noodles & Co., Sunrise Health Foods, PNC, Great Clips, WW Studio, Kay’s Hallmark, Merle Norman, Holmes Shoes, Le Bakery, Pottstown Meat & Deli and The 50’s Diner. Ben Wineman of Mid-America represented the seller, the original developer, in the transaction.
Mount Pleasant, Mich. — The Boulder Group has arranged the $3.5 million sale of a single-tenant property located in Mount Pleasant. Caliber Collision occupies the building, which totals 15,800 square feet, on a 15-year net lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, an Iowa-based corporation, in the transaction. A Delaware-based limited liability company (LLC) was the seller.
Laval, Quebec and Cranberry Township, Pa. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo’s portfolio includes 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative …
Dallas — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.8 million loan for the acquisition of Sam Moon Center, a retail center located in Dallas. Built in 2003, the property totals 126,513 square feet of net rentable space. Robert Bhat of MMCC secured the financing through a local bank on behalf of the undisclosed borrower.