Lakeland, Fla. — Marcus & Millichap has brokered the $9.2 million sale of Eastside Village, a 76,264-square-foot retail property located in Lakeland, about 35 miles from Tampa. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, CF Properties. The undisclosed buyer was a Miami-based private investor. Eastside Village is anchored by Harvey’s Supermarket. The property was fully occupied at the time of sale by tenants including Subway and Dollar Tree.
Brooksville, Fla. — JLL Capital Markets has arranged the $9.2 million sale of Sunrise Plaza, an 86,815-square-foot shopping center anchored by a Winn-Dixie in Brooksville, about 50 miles from Tampa. Brad Peterson and Whitaker Leonhardt of JLL represented the seller, ProVest Properties LLC. An affiliate of Island Associates Real Estate acquired the property. Constructed in 1991 and most recently renovated in 2021, the 90 percent-leased center features tenants, including Anytime Fitness, Winn-Dixie Liquor, Beef ‘O’ Brady’s, Access Care Health Physicians and River Ridge Animal Clinic.
Valdosta, Ga. — Marcus & Millichap has brokered the $7 million sale of Promenade Plaza, a 64,523-square-foot shopping center located in Valdosta. James Medefind, John Brigel, James Garner and Jim Shiebler of Marcus & Millichap represented the seller, an undisclosed limited liability company. Medefind also represented the undisclosed buyer in the transaction. Promenade Plaza was fully occupied at the time of sale by tenants including Shoe Carnival, Books-A-Million, Best Buy, Five Guys and Sleep Number.
Marietta, Ga. — SRS’ Investment Properties Group has brokered the $6 million sale of The Crossing at Windy Hill, a 32,000-square-foot retail center in Marietta. The property was occupied by tenants including FedEx Office at the time of sale. Kyle Stonis, Pierce Mayson and Boris Shilkrot of SRS represented the seller, Walco Investments LP, in the transaction. Billy Benedict of Stan Johnson Co. represented the buyer, Kenny Properties LLC.
Rancho Cucamonga, Calif. — Progressive Real Estate Partners and Newmark have arranged the sale of a single-tenant retail building located at 8700 Baseline Road in Rancho Cucamonga. A private, Northern California-based investor acquired the property from WM Capital for $6.1 million. Brad Umansky of Progressive Real Estate Partners and Glenn Rudy of Newmark represented the seller in the transaction. Bank of America has occupied the 9,195-square-foot drive-thru property since 1976. The building is located within Country Village shopping center.
Orland Hills, Ill. — Northmarq has arranged the sale of Orland Towne Center in Orland Hills, 34 miles from Chicago. The 138,000-square-foot retail center is home to Aldi, Edge Fitness, Five Below, PetSmart and Duly Health and Care. In addition to brokering the sale, Northmarq’s Jeff Frankel also arranged a $14.6 million first mortgage loan on behalf of the buyer, Sperry Equities. A life insurance company provided the fixed-rate loan, which features a 10-year term and a 30-year amortization schedule.
Attleboro, Mass. — JLL Capital Markets has arranged the sale of a 115,650-square-foot, single-tenant retail property net-leased to BJ’s Wholesale Club in Attleboro, roughly 10 miles north of Providence. Nat Heald, Chris Angelone and Zach Nitsche of JLL Capital Markets represented the undisclosed seller in the transaction. BJ’s has operated at this location since the building was constructed in 2011.
McAllen, Texas — Faris Lee Investments has arranged the $7 million sale of a 65,000-square-foot retail property currently under development in McAllen. The property is triple-net-leased to Floor & Décor, which is scheduled to open on March 3. Jeff Conover and Scott DeYoung of Faris Lee represented the seller, a Texas-based developer, in the transaction. The buyer was a Texas-based 1031 exchange investor.
Lawrenceville, Ga. — RealSource Group has arranged the $9.4 million sale of a single-tenant property occupied by LA Fitness at Lawrenceville Town Center, located about 31 miles from downtown Atlanta in Lawrenceville. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, DLC Management. The undisclosed buyer was a private investor based in Dallas. Built in 2020, the LA Fitness building spans 34,000 square feet. Tenants at Lawrenceville Town Center include Kroger, H&R Block, O’Reilly Auto Parts, Verizon Wireless, Aaron’s, Rainbow Shops, Ameris Bank, Coast Dental, Burger King, …
Egg Harbor City, N.J. — The Kislak Co. Inc. has negotiated the $7 million sale of a 5,585-square-foot retail property in Egg Harbor City, located about 20 miles from Atlantic City. The property is under construction and is preleased to convenience store operator Wawa for 20 years on a triple-net basis. Jason Pucci and Justin Lupo of Kislak represented the buyer, Kamson Corp., in the transaction. The seller was not disclosed.
