Investment sales

The-Shops-at-Valley-Square-Warrington-Pennsylvania
Investment salesNewsPennsylvania

IPA Negotiates Sale of 293,000-Square-Foot Shops at Valley Square in Suburban Philadelphia

by Katie Sloan

Warrington, Pa. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Shops at Valley Square, a 293,000-square-foot shopping center in Warrington, a northern suburb of Philadelphia. Built in 2007, the center consists of 89,447 square feet of office space and 203,701 square feet of retail space that houses tenants such as Ulta Beauty, Designer Shoe Warehouse, Bath & Body Works, Sleep Number and Eastern Mountain Sports. Food and beverage users include P.F. Chang’s, Panera Bread and Gran Rodeo Mexican Grill. Brad Nathanson of …

Continue Reading
0 FacebookTwitterLinkedinEmail
CHESHIRE-PLAZA-NORTHERN-VIRGINA
Investment salesNewsVirginia

Sterling Sells Cheshire Station Shopping Center in Metro D.C. for $29.1 Million

by Katie Sloan

Dale City, Va. — Sterling Organization has sold Cheshire Station, a Safeway-anchored shopping center in the Washington, D.C., suburb of Dale City. Haverford Properties purchased the 105,054-square-foot shopping center for $29.1 million. Cheshire Station’s tenant roster includes Petco, AutoZone, GNC, Sprint, Starbucks Coffee, Sherwin-Williams and a Virginia ABC liquor store. CBRE brokered the transaction. Sterling sold the property along with Market at Opitz, another shopping center in Northern Virginia, for a combined sales price of $58.4 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

SHOP Cos. Negotiates Sale of 36,864-Square-Foot Retail Center Outside Waco

by Katie Sloan

Woodway, Texas — SHOP Cos. has negotiated the sale of Crossroads West Shopping Center, a 36,864-square-foot retail center in Woodway, a suburb of Waco. The property is situated adjacent to an H-E-B grocery store and was approximately 97 percent leased at the time of sale. Tim Axilrod of SHOP Cos. represented the seller, a Texas-based limited liability company, in the transaction. The buyer and sales price were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail-Center-Marysville-WA
FinanceInvestment salesNewsWashington

Crescit Capital Secures $21.8 Million Acquisition Loan for 220,000-Square-Foot Retail Property in Metro Seattle

by Katie Sloan

Marysville, Wash. — Crescit Capital Strategies has secured a $21.8 million fixed-rate bridge loan for the acquisition of a shopping center located in Marysville, roughly 34 miles north of Seattle. A private seller sold the center to a private buyer for an undisclosed price. Crescit originated the four-year loan with a one-year extension option. The lender was not disclosed. The grocery-anchored property features 220,000 square feet of retail space.

Continue Reading
0 FacebookTwitterLinkedinEmail
Zionsville-Station
IndianaInvestment salesNews

Hanley Investment Group Brokers $3.1 Million Sale of Retail Center in Suburban Indianapolis

by Katie Sloan

Zionsville, Ind. — Hanley Investment Group Real Estate Advisors has brokered the $3.1 million sale of a two-tenant retail center spanning 11,400 square feet in Zionsville, a northern suburb of Indianapolis. Named Zionsville Station, the property is located at 10615 Zionsville Road. Tenants include Hotel Tango Whiskey, a local whiskey brand, and Pampered Pooch Resort and Spa. Dylan Mallory of Hanley represented the seller, Jackson Investment Group. Forest Bender of Marcus & Millichap represented the buyer, a metro Indianapolis-based private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutInvestment salesNet leaseNews

Marcus & Millichap Brokers $11.7 Million Sale of Two Connecticut Retail Properties Leased to Walgreens

by Katie Sloan

Monroe and Newington, Conn. — Marcus & Millichap has brokered the sale of two Connecticut retail properties that are net leased to Walgreens for a combined price of $11.7 million. Both properties, which are located in Monroe and Newington, total approximately 15,000 square feet. Nick Geaneotes, Steve Garthwaite and Derrick Dougherty of Marcus & Millichap represented the sellers, both of which were limited liability companies, in the transactions. The trio also procured the undisclosed buyers. Susan Bands of Marcus & Millichap assisted in closing both deals as the broker of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Freedom-Town-Center_Fayetteville
Investment salesNewsNorth Carolina


IPA Brokers $83 Million Sale of Freedom Town Center in Fayetteville, North Carolina

by Katie Sloan

Fayetteville, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $83 million sale of Freedom Town Center, a 350,800-square-foot shopping center in Fayetteville.  Built in 2017, the property was almost fully leased at the time of sale to tenants such as Sprouts Farmers Market, Dick’s Sporting Goods, Hobby Lobby, Field & Stream, HomeGoods, Burkes Outlet, Petco, buybuy Baby, DSW, World Market, Five Below, Osh Kosh B’Gosh and Five Guys.  Triple Net Group sold Freedom Town Center to an unnamed investment group in a 1031 …

Continue Reading
0 FacebookTwitterLinkedinEmail
SummitWoods-Crossing
Investment salesMissouriNews

Rainier Cos. Acquires 545,204-Square-Foot Shopping Center in Metro Kansas City

by Katie Sloan

Lee’s Summit, Mo. — The Rainier Cos. has acquired SummitWoods Crossing in Lee’s Summit within metro Kansas City for an undisclosed price. The 545,204-square-foot, Class A shopping center opened in 2001. Some of the tenants include T.J. Maxx, Bed Bath & Beyond, Old Navy, Kohl’s, Petco and Ulta Beauty. The transaction marks Rainier’s 13th shopping center acquisition in the last five years and grows its retail portfolio to more than 5 million square feet nationally. Sunny Sajnani of Institutional Property Advisors, a division of Marcus & Millichap, arranged a five-year …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bay-Landing_Bonita-Springs
FloridaInvestment salesNews

TSCG Brokers $10.4 Million Sale of Grocery-Anchored Shopping Center in Southwest Florida

by Katie Sloan

Bonita Springs, Fla. — TSCG has brokered the sale of Bay Landing, a grocery-anchored shopping center totaling nearly 63,000 square feet in the southwest Florida city of Bonita Springs. InvenTrust Properties purchased the property for approximately $10.4 million. Anthony Blanco led the TSCG team that included Mallory Silva and Nick Ureta in representing the seller, an affiliate of Barron Collier Cos. Built in 1998 along U.S. Highway 41, Bay Landing was fully leased at the time of sale to The Fresh Market and HomeGoods. The site is entitled for an additional …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harper-Square_Corinth
Investment salesMississippiNews

Palomar Group Arranges Sale of Harper Square Shopping Center in Corinth, Mississippi

by Katie Sloan

Corinth, Miss. — The Palomar Group has arranged the $3 million sale of Harper Square, a 40,000-square-foot shopping center located at 1801 S. Harper Road in Corinth. The property, which was redeveloped in 2018, was fully leased at the time of sale to Marshalls and Aldi. A private investment firm based in Georgia purchased the asset from an unnamed lender that recently foreclosed on the center. The Palomar Group represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts