Investment sales

Champions Village
Investment salesNewsTexas

JLL Arranges Sale of 383,346-Square-Foot Power Center in Northwest Houston

by Julia Sanders

Houston — JLL has arranged the sale of Champions Village, a 383,346-square-foot retail power center situated on 31.5 acres in northwest Houston. Retailers at the property include grocer Randalls, Barnes & Noble, T.J. Maxx, Tuesday Morning, Kirklands, Jenny Craig, Supercuts, Bath & Body Works, Body & Brain Yoga and Berkeley Eye Center. Restaurant users include La Madeleine, Don Ramons Mexican Restaurant, Cassandra’s Louisiana Kitchen and MOD Pizza. Chris Gerard, Ryan West, Sherri Rollins and Ethan Goldberg of JLL represented the seller, New Market Properties LLC, a subsidiary of REIT Preferred …

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Crossroads at Sunset
Investment salesNevadaNews

Dreamwork Management Buys Crossroads at Sunset Retail Center in Metro Las Vegas for $28.7 Million

by Julia Sanders

Henderson, Nev. — Dreamwork Management has acquired Crossroads at Sunset, a 13.9-acre multi-tenant retail center at the corner of Sunset Road and Stephanie Street in Henderson, about 15 miles from Las Vegas. SS Capital sold the property for $28.7 million. Chris Clifford, Steve Neiger and Brett Rather of Colliers represented the seller in the transaction.

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Walgreens
Investment salesNewsTexas

Swanson Development Co. Sells Walgreens-Occupied Property in Austin

by Julia Sanders

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.

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Towne South
IndianaInvestment salesNews

Sansone Group Sells 163,000-Square-Foot Shopping Center in Southern Indiana

by Julia Sanders

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.

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Investment salesNew HampshireNews

Atlantic Capital Partners Negotiates Sale of 39,750-Square-Foot Shopping Center in Southern New Hampshire

by Julia Sanders

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.

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Investment salesMarylandNews

Rappaport Acquires 433,720-Square-Foot Shopping Center in Northern Maryland

by Julia Sanders

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.

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Del Mar
CaliforniaInvestment salesMarylandNews

First Washington Realty Acquires Donahue Schriber Realty Group

by Julia Sanders

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 …

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Gold Gym Plaza
Investment salesNewsVirginia

Cushman & Wakefield | Thalhimer Arranges $13 Million Sale of Gold’s Gym Plaza in Richmond, Virginia

by Julia Sanders

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 …

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Abercorn Walk
GeorgiaInvestment salesNews

JLL Arranges Sale of 69,396-Square-Foot Abercorn Walk Shopping Center in Savannah

by Julia Sanders

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.

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IndianaInvestment salesNews

Marcus & Millichap Brokers $3.9 Million Sale of Indianapolis Retail Property

by Julia Sanders

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.

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