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Investment sales

Beaumont
CaliforniaInvestment salesNews

Brixton Capital Acquires 187,851-Square-Foot Shopping Center in Southern California

by Julia Sanders

Beaumont, Calif. — Brixton Capital has acquired Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont. Brixton purchased the property from the FJ Hanshaw Trust for an undisclosed price. Gleb Lvovich & Daniel Tyner of JLL represented the buyer in the transaction, while FJ Hanshaw Trust was self-represented. The shopping center was 92 percent leased at the time of sale to tenants including Aldi, Petco, Ross, Best Buy, Taco Bell, Starbucks Coffee and Bank of America. The property includes five drive-thru pads. The new ownership plans to renovate the property, with …

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Main Street South Fulton
GeorgiaInvestment salesNews

JLL Arranges $16 Million Sale of Kroger-Anchored Retail Center in Metro Atlanta

by Julia Sanders

Atlanta — JLL Capital Markets has arranged the $16 million sale of Main Street South Fulton, a 129,449-square-foot, Kroger-anchored retail center in the Atlanta-area community of South Fulton. The center is fully leased to retailers including Dollar Tree, Rainbow USA, Pizza Hut and Subway. Located at 6055 Old National Highway, the center is approximately three miles south of Atlanta’s Hartsfield-Jackson International Airport. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, M&P Shopping Centers. Benjamin Bruner of the Bruner Group represented the buyer, Irgang Group Inc.

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Shops at Vista Ridge
Investment salesNewsTexas

Weitzman Arranges Sale of 74,837-Square-Foot Shops at Vista Ridge Retail Center in Metro Dallas

by Julia Sanders

Lewisville, Texas — Weitzman has arranged the sale of The Shops at Vista Ridge, a 74,837-square-foot retail center located in the northern Dallas suburb of Lewisville. Texas Family Fitness and Harbor Freight Tools anchor the center, which is home to tenants including JC, McAlister’s Deli, Smoothie King and Hobbytown USA. Matthew Rosenfeld, Kevin Butkus and Giovanni Scardino of Weitzman handled negotiations on behalf of the sellers, a partnership between Lamar Cos. and Real Capital Solutions. The buyer was an undisclosed, locally based investment group.

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Monroe Marketplace
Investment salesNewsPennsylvania

JLL Arranges $44.8 Million Sale of Monroe Marketplace in Central Pennsylvania

by Julia Sanders

Selinsgrove, Penn. — JLL Capital Markets has arranged the $44.8 million sale of Monroe Marketplace, a 372,794-square-foot, grocery-anchored shopping center located in the central Pennsylvania community of Selinsgrove. Christopher Munley, Jim Galbally and Colin Behr of JLL represented the seller, an undisclosed institutional investor, in the disposition of the property to Acadia Realty Trust. Tenants at Monroe Marketplace include GIANT Food Stores, T.J. Maxx, Dick’s Sporting Goods, Kohl’s, Ross, Old Navy, PetSmart, Buffalo Wild Wings, Longhorn Steakhouse, Michael’s, Sally Beauty and Ulta Beauty. The center is also shadow-anchored by Target.

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Investment salesNewsTexas

NewQuest Properties Brokers Sale of 186,880-Square-Foot Shopping Center in El Paso

by Julia Sanders

El Paso, Texas — NewQuest Properties has brokered the sale of Sunrise Village Center, a 186,880-square-foot shopping center located near Fort Bliss in El Paso. Sunrise Village Center was originally built in 1957 and was 44 percent leased at the time of sale to tenants including Dollar General, Sally’s Beauty Supply and Black Fridays Daily Discount Store. The buyer, which plans to redevelop the property, was a private investor doing business as JMK5 Holdings LLC. The seller was a family trust and original owner of the property. David Luther, Kelley …

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North Providence Marketplace
Investment salesMarylandNewsRhode Island

Greenberg Gibbons Acquires Two Shopping Centers in Rhode Island, Maryland for $34.6 Million

by Julia Sanders

North Providence, RI. and Westminster, Md. — Greenberg Gibbons has acquired two shopping centers located in Rhode Island and Maryland for $34.6 million. Acquisitions include North Providence Marketplace, a 112,000-square-foot grocery-anchored center located in North Providence, Rhode Island; and Westminster Crossing East, a 92,000-square-foot shopping center located in the Carroll County community of Westminster, Maryland. North Providence Marketplace was 82 percent leased at the time of sale to tenants including Shaw’s Grocery Store, Dollar Tree, Sally Beauty Supply, H&R Block and EbLens. Tenants including Marshalls, Bed Bath & Beyond, Ulta …

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Promenade Shoppes
FloridaInvestment salesNews

Franklin Street Brokers $13.6 Million Sale of Promenade Shoppes in North Lauderdale

by Julia Sanders

North Lauderdale, Fla. — Franklin Street has arranged the $13.6 million sale of Promenade Shoppes, a 39,650-square-foot shopping center in North Lauderdale. Adam Tiktin and Greg Matus of Franklin Street represented the seller, Arena North Lauderdale Shoppes LLC, in the disposition of the property to Zenix Properties LLC. Built in 2018, the center was fully occupied at the time of sale by 17 tenants, including SunSouth Health Center, T-Mobile, Cricket Wireless and Sarku Japan.

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Adams Dairy Landing
Investment salesMissouriNews

JLL Brokers Sale of Adam’s Dairy Landing Shopping Center in Metro Kansas City

by Julia Sanders

Blue Spring, Mo. — JLL Capital Markets has brokered the sale of Adam’s Dairy Landing, a 279,843-square-foot open-air shopping center in the Kansas City suburb of Blue Spring. The property is 96 percent leased to tenants such as TJ Maxx, HomeGoods, Dollar Tree, Ross Dress for Less, Petco, Michaels, Old Navy, Ulta Beauty and Five Below. Built in 2010, the shopping center sits on more than 33 acres at 800 NE Coronado Drive. Clinton Mitchell, Amy Sands, Michael Nieder and Jim Gates of JLL represented the seller, a private investment …

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Springdale Shopping Center
Investment salesNewsTexas

Edens Buys 163,145-Square-Foot Grocery-Anchored Shopping Center in Austin

by Julia Sanders

Austin, Texas — Edens has purchased Springdale Shopping Center, a 163,145-square-foot, grocery-anchored retail property in Austin. Regional grocer H-E-B is the anchor tenant at the center, which was fully leased at the time of sale. Other tenants include Ross Dress for Less, dd’s, Dollar Tree, O’Reilly Auto Parts, Subway, KFC and Wingstop. Chris Gerard, Ryan Shore, Clint Coe, Erin Lazarus and Zach Riebe of JLL represented the seller, Forge Capital Partners, in the transaction.

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Investment salesNewsOhio

DealPoint Merrill Purchases 155,805-Square-Foot Shopping Center in Parma Heights, Ohio

by Julia Sanders

Parma Heights, Ohio — DealPoint Merrill has purchased The Shops at Pearl & 130th in Parma Heights, a western suburb of Cleveland. The purchase price was undisclosed. DealPoint Merrill plans to embark on a $10 million renovation project for the 155,805-square-foot shopping center. Construction is scheduled to begin in the first quarter of 2022. This will be the fourth major construction project launched by DealPoint Merrill in the Cleveland area. DealPoint Merrill’s David Frank and Sterling McGregor handled the due diligence and financing, while Jason Limbert and Tyler Bendicksen completed …

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