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Investment sales

El-Monte-Shopping-Plaza_Phoenix
ArizonaGrocery-anchoredInvestment salesNews

Lena Centers Acquires 101,269-Square-Foot Shopping Center in Phoenix

by Hayden Spiess

Phoenix — Lena Centers, a division of Longpoint, has acquired El Monte Shopping Plaza, a 101,269-square-foot shopping center located in Phoenix. Built in 1962, the property was 99 percent leased to 15 tenants at the time of sale. El Rancho Market IGA anchors the center, and other tenants include dd’s DISCOUNTS, Shoe Palace, ArchWell Health, Cute Smiles, Cricket Wireless and Baskin Robbins. Mindy Korth and JK Jackson, El Warner and Caitlin Zirpolo of Colliers brokered the transaction. ASI Real Estate handles leasing at the property. 

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Heritage Square
AlabamaInvestment salesNews

Fairway Investments Sells 60,767-Square-Foot Retail Center in Madison, Alabama

by Hayden Spiess

Madison, Ala. — Fairway Investments has sold Heritage Square, a 60,767-square-foot retail center located in Madison. Halpern Enterprises acquired the property, which is anchored by T.J. Maxx, for an undisclosed price. Built in 2008, the center was fully leased at the time of sale. Franklin Street represented Fairway Investments in the transaction. 

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Val-Verde-Place-Shopping-Center_La-Vista-Neb
Investment salesNebraskaNews

Marcus & Millichap Brokers $6.4 Million Sale of Val Verde Place Shopping Center in La Vista, Nebraska

by Hayden Spiess

La Vista, Neb. — Marcus & Millichap has brokered the $6.4 million sale of Val Verde Place Shopping Center, a retail property located in La Vista. Built in 2000, the property totals 48,712 square feet across 23 tenant suites. Chris Garavaglia, Alex Perez and Austin Sweet of Marcus & Millichap represented the seller in the transaction. Jon Ruzicka is the firm’s broker of record for Nebraska. 

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Investment salesMissouriNews

Sky Real Estate Acquires 391,000-Square-Foot Retail Center in Central Missouri

by Hayden Spiess

Osage Beach, Mo. — Sky Real Estate has acquired Osage Beach Outlet Marketplace, a 391,000-square-foot retail center located on a 60-acre parcel in Osage Beach. Tenants at the property include Polo Ralph Lauren, Under Armour, Bath & Body Works and LOFT. A subsidiary of Simon Property Group sold the center for an undisclosed price. 

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CaliforniaInvestment salesNews

Marcus & Millichap Brokers $10.8 Million Sale of Shopping Center in Southern California

by Hayden Spiess

Yucaipa, Calif. — Marcus & Millichap has brokered the $10.8 million sale of Center Point Plaza, a shopping center located in Yucaipa. Constructed in 2007, the property totals 28,924 square feet. Ivan Prochko, Orbell Ovaness and Ara Rostamian of Marcus & Millichap’s Ovaness-Rostamian Group represented the seller, an undisclosed partnership, in the transaction. Bashir Tariq of Keller Williams Realty represented the buyer, a private investor. 

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Investment salesNew JerseyNews

CenterSquare Acquires 16,891-Square-Foot Retail Center in Metro Philadelphia

by Hayden Spiess

Voorhees, N.J. — CenterSquare has acquired Cedar Hill Shopping Center, a 16,891-square-foot retail center located in Voorhees, roughly 20 miles southeast of Philadelphia. Tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Orange Theory, UPS, Great Clips, Vitamin Shoppe and AT&T. This marks CenterSquare’s first service property acquisition in metro Philadelphia.

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Outlet-Collection-Seattle_Auburn-Wash
GeorgiaInvestment salesNewsWashington

Lightstone Acquires Outlet Collection Seattle for $82 Million

by Hayden Spiess

Auburn, Wash. — Lightstone has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. Tenants at the property, which totals 920,000 square feet, include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet …

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North-Point-Village_Alpharetta
GeorgiaInvestment salesNews

Coro Realty Sells Shopping Center in Metro Atlanta for $19 Million

by Hayden Spiess

Alpharetta, Ga. — Coro Realty Advisors has sold North Point Village, a 57,219-square-foot shopping center located in the northern Atlanta suburb of Alpharetta. Mimms Enterprises purchased the property for $19 million. Fred Victor of Atlantic Retail brokered the transaction. Tenants at the center, which is situated on 5.2 acres adjacent to North Point Mall, include Talbots, Kohler and Learning Express.

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Lake-Vista-Center_Lewisville-Texas
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 21,298-Square-Foot Retail Center in Metro Dallas

by Hayden Spiess

Lewisville, Texas — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center located in Lewisville, roughly 25 miles northwest of Dallas. Built in 2007, the property comprises two buildings, Tenants at the center include Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen and Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller in the transaction. 

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Shoppes-at-English-Village_North-Wales-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Arranges Sale of 103,325-Square-Foot Retail Center Near Philadelphia

by Hayden Spiess

North Wales, Pa. — CBRE has arranged the sale of The Shoppes at English Village, a 103,325-square-foot retail center located in North Wales, approximately 25 miles outside Philadelphia. Trader Joe’s anchors the property, which was 95 percent leased at the time of sale. Other tenants at the center include LensCrafters, Athleta, CycleBar, Hallmark, Chopt and Talbots. Nuveen Real Estate acquired the property from Met Life Investment Management for an undisclosed price. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, RJ Mirabile and Michael Pascavis of CBRE represented the seller in …

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