Carver, Mass. — Marcus & Millichap has brokered the sale of an 85,199-square-foot shopping center in Carver, about 45 miles south of Boston. Grocer Shaw’s anchors the property, which was built in 2005. Other tenants include CVS/pharmacy, Anytime Fitness and Jamie’s Fine Wine & Spirits. Glen Kunofsky, Josh Kanter and Anthony D’Ambrosia of Marcus & Millichap brokered the deal. The buyer and seller were not disclosed.
Billings, Mont. — Lee & Associates has arranged the sale West Park Promenade, a retail center in Billings. A Ketchum, Idaho-based private investor sold the property to a Bellevue, Washington-based 1031 exchange investor for an undisclosed price. Jan Finchman and Shane Jimenez of Lee & Associates represented the seller in the deal. A new Town & Country Foods anchors the 145,637-square-foot retail center, which is situated on 12 acres. The asset recently underwent a $13 million renovation to transform from a mall to a community shopping center. Other current tenants …
Indianapolis — Ziff Real Estate Partners (ZRP) has sold Pyramid Place Shopping Center in Indianapolis for $10.6 million to an undisclosed buyer. The neighborhood shopping center is located at the intersection of Michigan Road and West 86th Street and features a gross leasable area of 51,974 square feet. The property was 86 percent occupied at the time of sale by tenants such as Five Guys, Einstein Bagels, Chicken Salad Chick, Qdoba and Tavel Eye Care. ZRP acquired the property in 2015 from LNR Property LLC.
Auburndale, Fla. — Matthews Real Estate Investment Services has arranged the sale of Imperial Plaza, a Winn-Dixie-anchored, 129,807-square-foot shopping center located at 303-413 Havendale Blvd. in Auburndale. Jonah Yulish and Ben Snyder of Matthews Real Estate represented the undisclosed buyer, which purchased the property for $12.4 million. Palomar Group represented the seller, Core Imperial Plaza, in the transaction. For 44 years, Imperial Plaza has been anchored by Winn-Dixie, and the retailer completed a $1 million interior renovation in 2020. About 97 percent occupied, Imperial Plaza is co-anchored by Harbor Freight, …
Dallas — JLL has negotiated the sale of The Hill, a 240,000-square-foot shopping center located at the corner of Walnut Hill Lane and Central Expressway in north-central Dallas. Built in 1977, The Hill houses tenants such as Houndstooth Coffee, Hiatus Spa + Retreat, Snooze, Taco Deli, Hat Creek Burger Co. and Boardroom Salon for Men. Barry Brown, Ryan Shore, Chris Gerard and Jason Jacobs of JLL represented the seller, EB Arrow, in the transaction. Asana Partners purchased the property for an undisclosed price in an off-market deal.
Novato, Calif. — Grosvenor Americas has completed the disposition of Hamilton Marketplace, a retail center located at 5800 Nave Drive in the San Francisco Bay Area community of Novato. Terms of the transaction were not released. Grosvenor originally developed the 90,769-square-foot, open-air shopping center in 2008. At the time of sale, the property was fully leased to tenants including Safeway, Pet Food Express, Super Duper, Peet’s Coffee, Wells Fargo, Toast Restaurant and Cycle Bar. Nicholas Bicardo of Newmark Retail Capital Markets represented Grosvenor in the deal.
Johns Creek, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Abbotts Bridge Station, an 83,391-square-foot, H-Mart-anchored shopping center in the Atlanta suburb of Johns Creek. Zach Taylor and Andrew Margulies of IPA brokered the sale. Westwood Financial sold the property for $18.9 million. The buyer was not disclosed. The shopping center’s tenant roster includes Snow Mountain, Hong Kong Café, AT&T, Joy Pizza N Joy Chicken and White Windmill Bakery.
Deltona, Fla. — TSCG has arranged the $11.5 million sale of Deltona Commons, a Publix-anchored retail center situated at the intersection of Courtland Boulevard and Fort Smith Boulevard in Deltona. Completed in 2007, Deltona Commons totals 48,663 square feet and was 100 percent leased at the time of sale. Publix occupies over 80 percent of the gross leasable area in the center. Anthony Blanco and Mallory Silva of TSCG represented the seller, an affiliate of Global Fund Investments, in the disposition of the property to an affiliate of the Miller …
Ocean City, Md. — The Boulder Group has arranged the $6.2 million sale of a newly constructed 7-Eleven property located at 11624 Ocean Gateway in Ocean City. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer, an undisclosed individual based in the northeast, and seller, an undisclosed private real estate firm, in the transaction.
Munster, Ind. — Blue West Capital has arranged the sale of Ridgewood Plaza in Munster for an undisclosed price. The 36,307-square-foot retail center is located on Ridge Road. Tenants include Fresenius, ATI Physical Therapy, Check ’n Go, GNC, Supercuts and Applebee’s. Carly Kelly of Blue West Capital represented the buyer, a private real estate company based in New York City. A Chicago-based private investor was the seller.
