Austin, Texas — Swanson Development Co. has sold a 13,833-square-foot, single-tenant retail property triple-net-leased to Walgreens in Austin. Alex Sharrin, Alex Geanakos and John Indelli of JLL represented the seller in the disposition of the property to Sikka Investments. Walgreens recently signed a new 15-year lease at the property, which is located on 1.86 acres at 6200 W. William Cannon Drive.
Terre Haute, Ind. — Sansone Group has sold Towne South Plaza, a 163,000-square-foot shopping center in the western Indiana city of Terre Haute. The property recently underwent a major roof renovation and is home to tenants including Ross Dress for Less, TJ Maxx, Dollar Tree and Best Buy. Grant Mechlin of Sansone and Ben Wineman of Mid-America Real Estate Corp. secured the buyer, Wild Moose Ventures, in the transaction.
Nashua, N.H. — Atlantic Capital Partners has negotiated the sale of 270 Amherst Street, a 39,750-square-foot shopping center located near the Massachusetts-New Hampshire border in Nashua. Anchored by German discount grocer Aldi, the property was 86 percent leased at the time of sale. Justin Smith, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented the seller, Saxon Partners, and procured the buyer, Linear Retail, in the transaction.
Bel Air, Md. — A joint venture affiliated with Rappaport has acquired Festival at Bel Air, a 433,720-square-foot shopping center in the Harford County community of Bel Air. The shopping center was 94 percent occupied at the time of sale by 60 retailers, including anchors Klein’s ShopRite, Kohl’s, Burlington, Marshalls, Petco and The Tile Shop.
Bethesda, Md. and Costa Mesa, Calif. — Bethesda-based retail real estate owner First Washington Realty (FWR) has purchased Donahue Schriber Realty Group Inc., a shopping center owner based in Costa Mesa. An affiliate of FWR acquired the private retail REIT and its portfolio of grocery-anchored, open-air centers from institutional investors advised by J.P. Morgan Global Alternatives. The transaction adds 47 shopping centers, as well as one DSRG-owned office property, for a combined 6 million square feet to FWR’s holdings. The sales price was not disclosed, but Bloomberg reported in February that …
Richmond, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the $13 million sale of Gold’s Gym Plaza in Richmond to Seminole Trail Annex LLC. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the sellers, West Tower LLC and SugarOak Investments. Located at 8900 West Broad St., the property includes 124,275 square feet of retail throughout five buildings. The center was fully leased at the time of sale and is co-anchored by Gold’s Gym and Regal Cinemas. The 44,000-square-foot box anchored by Regal Cinemas and an …
Savannah, Ga. — JLL Capital Markets has arranged the sale of Abercorn Walk, a 69,396-square-foot retail center in Savannah. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the undisclosed seller in the disposition of the property to GBT Realty Corp. Abercorn Walk is anchored by The Fresh Market. Other tenants at the property include Ethan Allen, Soma Intimates, White House Black Market, Chico’s, Nadeau, Jos. A. Bank, J. Jill, Talbots, StretchLab and Cycle Bar.
Indianapolis — Marcus & Millichap has brokered the $3.9 million sale of Thompson Commons in Indianapolis. The 21,125-square-foot retail property, located at 5202 E. Thompson Road, is home to a five-tenant building as well as a freestanding urgent care building. Joel Dumes and Kyle Teets of Marcus & Millichap represented the seller, a limited liability company. The duo also secured and represented the buyer, an out-of-state limited liability company.
Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Ramona Plaza, a retail center located at 1300-1480 E. Florida Ave. in Hemet. A Southern California-based investor sold the property to a California-based private investor for $13.9 million. Winston Guest, Matthew Mousavi and Patrick Luther of SRS’ National Net Lease Group represented the seller, while The Visintainer Group represented the buyer in the transaction. Built in 1974 on 6.4 acres, Ramona Plaza features 102,546 square feet of retail space. At the time of sale, the property was 88 …
Melrose Park, Ill. — NewMark Merrill Cos. Inc. has sold a 90,000-square-foot building at Winston Plaza, a 400,000-square-foot shopping center in the Chicago suburb of Melrose Park. Cermak Fresh Market acquired the building and plans to open a new grocery store by the end of this year. Sandy Sigal and Brad Pearl represented NewMark Merrill on an internal basis alongside Joe Parrott and Sean McCourt of CBRE. Dino Geroulis and John Roberson of Axis Realty represented Cermak. Kostas Kavayiotidis of Pacific Southwest Realty structured financing. Anchor tenants at Winston Plaza …
