Investment sales

Hanley Investment Group Arranges $3.1 Million Sale of Starbucks-Occupied Asset in Twentynine Palms

by Alex Tostado March 31, 2020

Twentynine Palms, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly built retail property located at 73690 Twentynine Palms Highway in Twentynine Palms. Fountainhead Development sold the asset to a Los Angeles-based private investor for $3.1 million, or $1,722 per square foot. Starbucks Coffee occupies the1,800-square-foot drive-thru property, which was built in this year. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Taesoo Eo and Shirley Kim of RE/MAX Commercial’s Los Angeles office represented the buyer in the deal.

March 31, 2020

California Investment sales News Retailers

Kidder Mathews Arranges $20.5 Million Sale of High-Street Retail Property in West Hollywood

by Alex Tostado March 30, 2020

West Hollywood, Calif. — Kidder Mathews has facilitated the sale of a high-street retail property located at 8532 Melrose Ave. in West Hollywood. Blatteis & Schnur, a Century City, California-based real estate investor, acquired the property from a New York City-based investor for $20.5 million. Situated in a top-tier commercial corridor of Los Angeles, the building features 4,946 square feet of retail space. The current tenant is Lululemon Athletica. Imperial Capital represented the buyer, while Tanel Harunzade, Darrell Levonian and Brittney McCarthy of Kidder Mathews represented the seller in the …

March 30, 2020

Illinois Investment sales News Retailers

Valore Ventures Sells 7,784-Square-Foot Retail Center in Metro Chicago

by Alex Tostado March 30, 2020

Evergreen Park, Ill. — Valore Ventures has sold Evergreen Park Towne Center in Evergreen Park, about 15 miles south of Chicago. The sales price was undisclosed. The 7,784-square-foot retail property is located at 8730 S. Kedzie Ave. It is fully leased to tenants such as Boost Mobile and Edible Arrangements. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented Valore in the sale. The buyer was undisclosed.

March 30, 2020

Florida Investment sales News Retailers

Colliers Negotiates $3.2 Million Sale of Retail Strip Center in Tallahassee

by Alex Tostado March 30, 2020

Tallahassee, Fla. — Colliers International has negotiated the $3.2 million sale of Villages at Apalachee, a 9,026-square-foot retail strip center in Tallahassee. The property is situated at 1435 E. Lafayette St., two miles east of downtown Tallahassee and across the street from Governor’s Square Mall. Villages at Apalachee was fully leased to Uncle Maddio’s Pizza, Allure Nails, Vape Haven and Aveda-Soleil Hair Salon at the time of sale. Mike Milano, Sean Glickman, Chris Smith and Brandon Rapone of Colliers represented the seller, Shuler Properties, in the transaction. EM Real Estate …

March 30, 2020

California Content Partners Entertainment Faris Lee Investments Investment sales Net lease News Retailers

Faris Lee Negotiates $16 Million Sale of LA Fitness-Occupied Property in Bay Area

by Alex Tostado March 27, 2020

Hayward, Calif. — Faris Lee Investments has brokered the sale of a retail property located at 2401 Whipple Road in Hayward. A private investor acquired the asset from an undisclosed seller for $16 million. LA Fitness (City Sports Club) occupies the 41,000-square-foot facility on a corporate-guaranteed, absolute triple-net lease. Matt Brooks, Joe Chichester and Nicholas Coo of Faris Lee represented the seller and procured the buyer in the transaction.

March 27, 2020

California Investment sales News Retailers

Fit Development Sells Retail Strip Center in Rancho Cucamonga for $13.7 Million

by Alex Tostado March 27, 2020

Rancho Cucamonga , Calif. — Fit Development has completed the sale of Shops at Victoria Gardens, a retail strip center adjacent to the Victoria Gardens lifestyle center in Rancho Cucamonga. An undisclosed buyer acquired the property for $13.7 million. Constructed in 2007, the 31,405-square-foot property is leased to a diverse mix of service-oriented, daily needs and soft-goods tenants, including DXL Men’s Apparel, Pacific Dental and Shakey’s Pizza. The asset is situated on 2.6 acres at 12455 Victoria Gardens Lane. Daniel Tyner and Gleb Lvovich of JLL Retail Capital Markets represented …

March 27, 2020

Illinois Investment sales News Retailers

Colliers Negotiates $6.6 Million Sale of Retail Property in Chicago

by Alex Tostado March 27, 2020

Chicago — Colliers International has negotiated the sale of 3101, a four-tenant retail property in Chicago’s Lakeview neighborhood, for $6.6 million. Anchored by CVS Pharmacy, the 23,000-square-foot property also features two restaurants, including Domino’s Pizza. Peter Block of Colliers represented the seller, Zimmerman Family Trust. Newcastle Properties purchased the asset.

March 27, 2020

California Grocery-anchored Investment sales News Retailers

Kase Group Directs $27.9M Sale of Albertsons-Occupied Retail Asset in California

by Alex Tostado March 25, 2020

Paso Robles, Calif. — The Kase Group has arranged the sale of a single-tenant retail property located at 189 Niblick Road in Paso Robles. A California-based investor acquired the property from an undisclosed seller for $27.9 million. Albertsons occupies the 52,691-square-foot building on a long-term, triple-net lease basis. Robert Walker of The Kase Group represented the seller in the off-market transaction.

March 25, 2020

Georgia Investment sales News Retailers

Transwestern Arranges $19.7M Sale of Atlanta Retail Properties Leased to Target, Taco Bell

by Alex Tostado March 25, 2020

Atlanta — Transwestern Real Estate Services has arranged the $19.7 million sale of a single-tenant building leased to Target and an outparcel leased to Taco Bell. The property is situated at the intersection of North Druid Hills and Briarcliff roads in Atlanta, less than one mile from Emory Healthcare and Children’s Healthcare of Atlanta. The Target store spans 154,000 square feet and the Taco Bell restaurant comprises 2,272 square feet. Fred Victor and Jon Kleinberg of Transwestern represented the seller, Lauderhill, Florida-based Scarlett & Associates Inc., in the transaction. San …

March 25, 2020

California Investment sales News Retailers

SRS Real Estate Partners Negotiates $5.3M Sale of Harbor Pacific Court Retail Center in Costa Mesa

by Alex Tostado March 25, 2020

Costa Mesa, Calif. — SRS Real Estate Partners has arranged the sale of the Harbor Pacific Court, a multi-tenant retail center located in Costa Mesa. A Los Angeles-based private investor sold the property to an Orange County, California-based private investor for $5.3 million, or $454.50 per square foot, in an all-cash transaction. Located at 2346 Newport Blvd., the property features 11,771 square feet of retail space. At the time of sale, the property was 91 percent occupied by eight tenants, including Circle K as the anchor. Michael Walseth of SRS’ …

March 25, 2020

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