Tunkhannock, Penn. — Cleeman Realty Group has arranged the $4.8 million off-market sale of Village Center Shopping Center in Tunkhannock. The 68,000-square-foot center is anchored by Weis supermarket and the local DMV. The property sits on 6.9 acres and was 93 percent occupied at the time of sale. Cleeman Realty Group represented the undisclosed buyer and seller in the transaction.
Windham and Bradner, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant Dollar General properties in Windham and Bradner, Ohio, for a combined total of $3.1 million. Beau Velten, Jeff Lefko and Bill Asher of Hanley Investment Group, in conjunction with ParaSell Inc., represented the San Diego, California-based 1031 exchange buyer in both transactions. Doug Holtzman and Tori Nook of Anchor Cleveland represented the seller and developer of both properties, Zaremba Group. The Dollar General property in Windham is a freestanding, 10,566-square-foot Dollar General …
Mishawaka, Ind. — Marcus & Millichap has arranged the sale of a 3,320-square-foot restaurant property occupied by Raising Cane’s in Mishawaka for $2.5 million. The newly constructed, single-tenant building is located at 5212 N. Main St. and was the first Raising Cane’s to open in the Indiana market. Chris Lind, Mark Ruble, Zack House and Brennan Clegg of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company.
Plantation, Fla. — RK Centers has purchased Veranda Shoppes, a 45,000-square-foot shopping center in Plantation. The property is situated on 4.2 acres at 550 N. Pine Island Road. Adam Feinstein of Cushman & Wakefield represented the seller, Jacksonville-based Regency Centers, in the $17 million transaction. The Publix-anchored center is leased to tenants such as Anthony’s Coal Fired Pizza, Pei Wei Asian Diner, Dunkin’, Venetian Nails Spa and the Banfield Pet Hospital.
Machesney Park, Ill. — Marcus & Millichap has brokered the $6.4 million sale of Willow Creek II and IV in Machesney Park, a suburb of Rockford. The two retail buildings, totaling 23,202 square feet, are separate but located within the same development. Tenants include Buffalo Wild Wings, Verizon, Anytime Fitness, FedEx, Jersey Mikes and Pizza Hut. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer, a Chicagoland private family. Prodigy Real Estate Group represented the seller, a Rockford-based developer.
Westlake Village, Calif. — Marcus & Millichap has arranged the sale of a Smart & Final grocery store located 40 miles outside Los Angeles in Westlake Village. The triple-net-leased asset sold for $22.5 million. The property totals 50,242 square feet with Smart & Final as the main tenant. However, 12,500 square feet is subleased to Dollar Tree on a 10-year, triple-net lease, with Smart & Final responsible for all aspects of the lease. Lior Regenstreif of Marcus & Millichap represented the seller, Riverside Villas LLC, in the transaction. The Smart …
Stonecrest, Ga. — Hallmark Venture Group Inc. has acquired The Mall at Stonecrest, a 1.2 million-square-foot regional mall in metro Atlanta. The seller and sales price were not disclosed, but The Atlanta Journal-Constitution reports that the mall was last appraised at $84 million. Hallmark Venture is planning to transform the 29-acre mall site into a mixed-use destination that will include apartments, a sports and entertainment complex, cosmetic superstore, aquarium, medical offices, transportation facilities and restaurants. A construction timeline for the redevelopment was not announced. The Mall at Stonecrest is home …
Mount Pleasant, S.C. — SRS Real Estate Partners’ National Net Lease Group has brokered the $7.4 million sale of The Shops at Gregorie Landing, a shopping center located at 2966 Hwy 17 N in the Charleston suburb of Mount Pleasant. Parker Walter, Matthew Mousavi and Patrick Luther of SRS represented the buyer, a private investor from the Northeast, in the 1031 exchange transaction. Benjy Cooke of Oswald Cooke & Associates represented the seller, an unnamed South Carolina-based developer. Completed in 2020, the 11,125-square-foot property is fully occupied by Panera Bread, …
La Verne, Calif. — Forward One has purchased a retail property located at 1479 Foothill Blvd. in the Los Angeles suburb of La Verne. New Jersey-based Arctrust sold the asset for $7.7 million in an off-market transaction. CVS/pharmacy anchors the 26,500-square-foot building, which is situated on 1.6 acres. Anton Qiu of Anchor Pacific Capital represented the buyer, while David Kern of The Mansour Group represented the seller in the deal.
Rustburg, Va. — S.L. Nusbaum Realty Co. has arranged the $4.7 million sale of Rustburg Marketplace, a 46,700-square-foot shopping center in Rustburg. The Kent Mall LLC, a private real estate investment company based in Pennsylvania, purchased the center from Rustburg Ventures LLC. The center, anchored by Food Lion, was fully leased at the time of sale to nine local and national tenants including Family Dollar, Virginia ABC, Domino’s Pizza and Subway. According to the brokers, 88 percent of the tenants at Rustburg Marketplace have been in place for more than …
