Investment sales

5731-Bickett-St-Huntington-Beach-CA
CaliforniaDevelopmentInvestment salesNet leaseNews

Stan Johnson Co. Brokers $48.7 Million Sale of 56,000-Square-Foot Target Development Near Los Angeles

by Katie Sloan

Huntington Park, Calif. — Stan Johnson Co. has brokered the sale of a freestanding retail property located at 5731 Bickett St. in Huntington Park, just southeast of downtown Los Angeles. A New York-based private investor acquired the asset for $48.7 million. Principal Life provided acquisition financing. Developer Shane Cos. will complete the 56,000-square-foot building in January 2023. Target will occupy the property under a long-term, triple-net lease. Situated on 4.1 acres, the site will feature a Starbucks Coffee, Tesla charging station and an urban-format Target. Jason Maier of Stan Johnson Co. represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
Plantation-Crossing
FloridaInvestment salesNews

IPA Arranges $22.3 Million Sale of Grocery-Anchored Shopping Center in Plantation, Florida

by Katie Sloan

Plantation, Fla. — Institutional Property Advisors (IPA) has arranged the $22.3 million sale of Plantation Crossings, a 70,369-square-foot retail center located in Plantation. Kirk Olson and Drew Kristol of IPA and Barry Wolfe of Marcus & Millichap represented the seller, Plantation Crossings LLC, and procured the buyer, Azora Exan – USA, in the transaction. The property was developed in 1999 and is home to tenants including ALDI, My Salon Suite, Sherwin Williams, Concentra Health, Fitness System and Family Eye Center. 

Continue Reading
0 FacebookTwitterLinkedinEmail
hawthorne-shops
Investment salesNewsOhio

Palomar Group Brokers $3.3 Million Sale of Retail Center in Suburban Cleveland

by Katie Sloan

Oakwood Village, Ohio — The Palomar Group has brokered the $3.3 million sale of Hawthorne Shops in Oakwood Village, a southern suburb of Cleveland. The 50,957-square-foot retail center, built in 1991, is shadow anchored by Sam’s Club. Palomar Group represented the seller, Tabani Group, in the disposition of the property to Z.E.A. Capital Realty Holdings.

Continue Reading
0 FacebookTwitterLinkedinEmail
Mount-Prospect-Plaza
IllinoisInvestment salesNews

RPT Realty Sells 227,690-Square-Foot Shopping Center in Suburban Chicago

by Katie Sloan

Mount Prospect, Ill. — RPT Realty has sold Mount Prospect Plaza, a 227,690-square-foot shopping center in the Chicago suburb of Mount Prospect. LBX Investments LLC purchased the grocery-anchored asset for an undisclosed price. Tenants include Aldi, Marshalls, Burlington, Ross Dress for Less and LA Fitness. Walmart shadow anchors the property. George Good and Christian Williams led a CBRE team that represented RPT Realty.

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNet leaseNews

Marcus & Millichap Negotiates $4.2 Million Sale of Chicago Store Net Leased to Just Tires

by Katie Sloan

Chicago — Marcus & Millichap has negotiated the sale of a 6,000-square-foot retail property net leased to Just Tires in Chicago for $4.2 million. The asset is located at 4809 N. Broadway St. in the Uptown neighborhood. Nicholas Kanich of Marcus & Millichap brokered the transaction between the Chicago-based seller and Delaware-based buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew JerseyNews

Jeffery Realty Negotiates Sale of 3,800-Square-Foot Retail Building in West Caldwell, New Jersey

by Katie Sloan

West Caldwell, N.J. — Jeffery Realty has negotiated the sale of a 3,800-square-foot retail building in the Northern New Jersey community of West Caldwell. The property at 559 Bloomfield Ave. currently houses an AAMCO auto repair shop. Bill Farkas of Jeffery Realty represented the seller in the transaction. Jon Corbiscello of Keller Williams represented the buyer, a private investor. Both parties requested anonymity.

Continue Reading
0 FacebookTwitterLinkedinEmail
Germantown
Investment salesNewsTennessee

PEBB Enterprises Sells Germantown Village Square in Suburban Memphis for $35.5 Million

by Katie Sloan

Germantown, Tenn. — PEBB Enterprises has sold Germantown Village Square, a 199,142-square-foot mixed-use property located in the Memphis suburb of Germantown, for $35.5 million. The property includes 138,995 square feet of ground-floor retail space and 60,147 square feet of second-floor office space occupied primarily by West Clinic, a subsidiary of Baptist Memorial Health Services. Germantown Village Square was 90 percent occupied at the time of sale by tenants including TJ Maxx, DSW, Ulta Beauty, Old Navy and Five Below. The property was developed in 1975 at 7670 Poplar Ave. and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Whole-Foods
Investment salesMarylandNews

Stan Johnson Co. Brokers $26.8 Million Sale of Whole Foods Market in Metro Baltimore

by Katie Sloan

Towson, Md. — Stan Johnson Co. has brokered the $26.8 million sale of a single-tenant retail building leased to Whole Foods Market in Towson, roughly 14 miles outside Baltimore. The 63,750-square-foot store anchors Towson Row, a mixed-use project by Greenberg Gibbons. Jason Maier of Stan Johnson represented the buyer, a private investor based in New York, in the acquisition of the property from an undisclosed, Maryland-based investor. The building was acquired in a 1031 exchange transaction. The property was built in 2021 and is situated on 4.3 acres, less than …

Continue Reading
0 FacebookTwitterLinkedinEmail
Washington-Square_Georgetown
Investment salesKentuckyNews

Stan Johnson Co. Arranges $15 Million Sale of Washington Square Shopping Center in Georgetown, Kentucky

by Katie Sloan

Georgetown, Ky. — Stan Johnson Co. has arranged the $15 million sale of Washington Square, a 122,554-square-foot shopping center located at 1002 Lexington Road in Georgetown. Ryan Roedersheimer of Stan Johnson Co.’s Cincinnati office represented the seller, a Lexington-based investment firm, in the transaction. The buyer is a private investment firm based in Austin. Washington Square was built in 1972 and is situated on a heavily trafficked corner spanning 13.9 acres about 10 miles north of Lexington. The property was fully leased at the time of sale to tenants including anchor …

Continue Reading
0 FacebookTwitterLinkedinEmail
IndianaInvestment salesNews

Marcus & Millichap Arranges $3.9 Million Sale of Retail Property in Suburban Indianapolis

by Katie Sloan

Zionsville, Ind. — Marcus & Millichap has arranged the $3.9 million sale of Whitestown Parkway in Zionsville, a northwest suburb of Indianapolis. Built in 2018, the 11,332-square-foot retail property is home to five tenants. Alex Perez and Chris Garavaglia of Marcus & Millichap brokered the transaction. Both the buyer and seller were limited liability companies.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts