Investment sales

Whole-Foods-Savannah

Savannah, Ga. — Rothenberg-Rosenfield Inc. (RRI) has acquired Victory Station, a 64,164-square foot, Whole Foods-anchored shopping center situated at the corner of Harry S. Truman Parkway and Victory Drive in Savannah. RRI purchased the property from Clarion Partners for $24.7 million. Jim Hamilton and Brad Buchanan of JLL Capital Markets represented the seller.  Built in 2013, Victory Station is currently 96 percent leased with only one available space. The Whole Foods Market is the retailer’s only location in Savannah and one of only two specialty grocery stores in the entire …

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Towne-North-Shopping-Center_Irving

Irving, Tx. — Retail brokerage firm Disney Investment Group has arranged the sale of Towne North, a 124,289-square-foot shopping center in Irving. Ethnic grocer El Rancho Supermercado anchors the property, which was 97 percent leased at the time of sale. David Disney and Adam Crockett of Disney Investment Group represented the seller, an affiliate of Dallas-based Nayeb Group, which sold the property to an out-of-state private equity firm. 

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Walgreens_Anchorage

Anchorage, Alaska — Newmark has arranged the $13 million sale of a property net-leased to Walgreens in Anchorage. Matt Berres and Samer Khalil of Newmark represented the buyer, an undisclosed private investor from Los Angeles, in the sale of the 14,550-square-foot property. Deerfield Partners represented the undisclosed private seller in the transaction.

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Harps-Food-Stores-Inc_Springdale

Springdale, Ark. — CBRE has arranged a $30.1 million sale-leaseback of 13 freestanding grocery stores leased to Harps Foods Stores Inc. totaling 459,525 square feet in Arkansas and Missouri. Harps sold the portfolio to New Jersey-based Essential Properties Realty Trust Inc. Will Lightfoot, Jason Little, David Erstine and Hunter Groce of CBRE represented the seller in the transaction. All 13 properties were sold subject to new, long-term net leases with Harps and will continue to operate under Harps-operated brands, including Harps Food Stores and 10Box. The sale will not affect store operations …

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Retail-@-Hotel-Row_Denver

Denver — Hanley Investment Group has arranged the $5.6 million sale of Retail @ Hotel Row, a fully-leased, five-tenant retail building situated at 6991 N. Tower Road in Denver. Jeff Lefko and Bill Asher of Hanley Investment Group and ParaSell Inc. represented the seller, Wadsworth Development Group. The buyer, Kamby Real Estate, was represented by David, Hicks & Lampert Brokerage. Built in 2018, the 10,300-square-foot building is situated on 1.6 acres and is leased to Starbucks Coffee with a drive-thru, as well as Jersey Mike’s Subs, BurgerIM, Pho 92 Vietnamese restaurant and Jasmine Nails …

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Starbucks_Summersville

Summersville, W.V. —  Cooper Commercial Investment Group has facilitated the $1.3 million sale of a single-tenant building leased to Starbucks Coffee at 301 Merchants Walk in Summersville. Starbucks signed a 10-year lease with an option to terminate after five years if the sales threshold is not met. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investment group out of Indiana. The private Virginia-based buyer purchased the property for $1.3 million.  

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Westfield-Shopping-Center

Kansas City, Kan. — Colliers Kansas City has brokered the sale of Westfield Shopping Center in Kansas City for an undisclosed price. The 89,973-square-foot shopping center is situated at the southwest corner of 80th Street and State Avenue. Tenants include CVS/pharmacy, Citi Trends, Save A Lot, Family Dollar, Reece Nichols, Metro PCS, Fantastic Sams and T-Mobile. Mark Arensberg and Mike Yeggy of Colliers represented the buyer, Chicago-based Newport Capital Partners. The acquisition marks the first investment in the Kansas City market for Newport. The seller was undisclosed.

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Stop-Shop-Watertown

Watertown, Mass. — Equity Industrial Partners has purchased a 69,000-square-foot retail building that is net leased to grocer Stop & Shop in Watertown, a western suburb of Boston. The sales price was $35.5 million. Stop & Shop has occupied the building for more than 25 years and recently extended its long-term lease. JLL represented the seller, a partnership between Winstanley Enterprises and Surrey Equities LLC, in the sale and procured Equity Industrial as the buyer.

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Grand-Forks-ND-OfficeMax

Grand Forks, N.D. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.3 million sale of a single-tenant retail property occupied by OfficeMax in Grand Forks. The 23,500-square-foot building is located at 3225 30th Ave. Built in 1998, the property sits on 2.5 acres near the University of North Dakota and Columbia Mall. Joseph Simon of SRS represented the seller, a Madison, Wis.-based private investor. Simon also represented the buyer, an Oregon-based private investor completing a 1031 exchange.

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Rancho Cordova, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.6 million sale of a newly built single-tenant retail property occupied by Starbucks Coffee in the Sacramento suburb of Rancho Cordova. The 2,200-square-foot building is located within the Zinfandel Village shopping center, which is home to tenants including Grocery Outlet, Pizza Hut, Burger King, Popeyes, Lumber Liquidators, Little Caesars, Skechers and Sourdough & Co. Bill Asher and Kevin Fryman of Hanley Investment represented the seller, Pacific Castle Management, in the transaction. Eric Reuveni of Los Angeles Commercial …

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