Miramar, Fla. — RK Centers has acquired Park View Square, a 70,000-square-foot shopping center located roughly 22 miles outside Miami in Miramar, for $15.7 million. Dennis Carson of CBRE represented the seller, Philips Edison & Co., and the buyer in the transaction. The property is anchored by Winn-Dixie and will be renamed as RK Park View Square following the acquisition.
Lake Mary, Fla. — Avanti Way Capital has acquired Shoppes at Lake Mary, a 37,685-square-foot shopping center located in Lake Mary, from Galium Capital for $8.4 million. Dan Gorczycki and Peter Stobierski of TrueRate Services secured a $5.4 million acquisition loan on behalf of the buyer through Morgan Stanley. The center was 94 percent leased at the time of sale to tenants including Lake Mary Dry Cleaners, Debs Kitchen, Lighthouse Seafood, Morganic Meats and Foxcase LLC. The property has 175 parking spaces.
Boynton Beach, Fla. — CBRE has arranged the $8.2 million sale of Marathon Plaza, a 42,298-square-foot unanchored retail center located in Boynton Beach. Tenants including Panera Bread, Visionworks and Plato’s Closet occupied the center at the time of sale. David Donnellan and Patricia Friend of CBRE represented the seller, GOA Properties, in the disposition of the center to Shoppes at Boynton LLC, an entity affiliated with South Florida-based private investor Michael Janoura.
New York City — Foot Locker Inc. (NYSE: FL) has acquired Eurostar Inc., the operator of WSS stores primarily located on the West Coast, for $750 million. WSS will maintain its name, operating as a new brand within Foot Locker’s portfolio. The New York City-based company has also appointed Anthony Aversa to the role of chief operating officer at WSS in conjunction with the acquisition. Aversa will oversee the brand’s market planning, real estate and customer experience functions. Evercore served as financial advisor to Foot Locker and Skadden, Arps, Slate, …
Atwater, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Atwater Marketplace, a fully-occupied, 96,224-square-foot shopping center anchored by Save Mart Supermarkets and CVS/pharmacy in Atwater. Kevin Fryman and Eric Wohl of Hanley Investment Group represented the seller, Phillips Edison & Co. Inc. The buyer was a private investor based in Los Angeles and was represented by Brett Visintainer of Visintainer Group. Additional tenants at Atwater Marketplace include Ace Cash Express, Baskin Robbins, Chase, Chinese Kitchen, Freeway Insurance, GameStop, Great Clips, Merco Credit Union, Rabobank, RE/MAX, …
Aurora, Ill. — JLL Capital Markets has brokered the sale of Prairie Point Shopping Center, a 91,535-square-foot property located about 40 miles west of Chicago in Aurora. Mariano’s Fresh Market anchors the center, which is also home to tenants including Pet People, Prairie Point Dental, Buchar Family Chiropractic and Hair Cuttery. Clinton Mitchell, Amy Sands and Michael Nieder of JLL represented the seller, Walton Street Capital.
Niagara, N.Y. — Atlantic Capital Partners has brokered the sale of Wegmans Plaza, a 122,876-square-foot shopping center in the Upstate New York community of Niagara. Wegmans anchors the property, which was 80 percent leased at the time of sale. Justin Smith, Chris Peterson, Shannon Older, Sam Koonce and Molly Lynch of Atlantic Capital Partners represented both unnamed parties in the transaction.
Newport Beach, Calif. — Chartwell Real Estate Development has purchased Balboa Fun Zone, a mixed-use entertainment development in Newport Beach. Discovery Cube, a Southern California children’s science museum, sold the property for an undisclosed price. The new owners plan to restore the historic landmark and continue to operate the property as the Balboa Fun Zone, one of Southern California’s oldest amusement park dating to the early 1900s. Located at 600 E. Bay Ave., the 34,500-square-foot property offers 212 feet of waterfront space, the Edgewater Place boardwalk, the Balboa Ferris Wheel, …
Lake Mary, Fla. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Heathrow Square, a Winn-Dixie-anchored, 101,392-square-foot shopping center in Lake Mary. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller in the transaction. The buyers, Equinox Development and Harbour Retail Partners, were self-represented. The sales price was not disclosed. Heathrow Square was 97 percent leased at the time of sale to tenants including CVS/pharmacy, Pure Barre, Quest Diagnostics and Subway. Winn-Dixie has occupied the store at Heathrow Square for 29 years.
Colton, Calif. — Progressive Real Estate Partners has arranged the $8.8 million sale of Los Compadres Plaza, a 47,090-square-foot retail property located at 1035 S. Vernon Ave. in the Inland Empire community of Colton. Brad Umansky, Greg Bedell and Mike Lin of Progressive Real Estate Partners represented the Los Angeles-based seller, who was also one of the original developers, in the transaction. The buyer is a Southern California-based 1031 exchange private investor. Los Compadres Plaza was 93 percent occupied at the time of sale and recently underwent renovations including new …
