Investment sales

Hooksett
Investment salesNew HampshireNews

Horvath & Tremblay Negotiates $14.9 Million Sale of Retail Property in Hooksett, New Hampshire

by Julia Sanders

Hooksett, N.H. — Horvath & Tremblay, an investment sales brokerage firm serving New England, has negotiated the $14.9 million sale of a two-unit retail condo in Hooksett, located just outside Manchester in Merrimack County. The property consists of a 153,430-square-foot building that was built on 25.2 acres in 2007 and is now occupied by Walmart and a 139,790-square-foot building that was constructed on 17 acres in 2008. The original occupant of the smaller of the two buildings, Lowe’s Home Improvement, has subleased the space to Bass Pro Shops since 2013. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aldi building
Investment salesNewsVirginia

Avison Young Brokers Sale of Retail Center in Alexandria, Virginia for $14 Million

by Julia Sanders

Alexandria, Va. — Avison Young’s Capital Markets Group has brokered the sale of a retail center in Alexandria. A private buyer purchased 6001 Kingstowne Village Parkway from The Halle Cos. for $14.2 million. The center is fully leased to ALDI, La-Z-Boy furniture and a newly opened Ashley Furniture HomeStore. Jonathan Hipp, Richard Murphy, Chip Ryan and Matt Weber of Avison Young represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Shelbyville Square
Investment salesNewsTennessee

Stan Johnson Co. Brokers $4.6 Million Sale of Shelbyville Square in Metro Nashville

by Julia Sanders

Shelbyville, Tenn. — Stan Johnson Co. has brokered the sale of Shelbyville Square, an 18,900-square-foot shopping center located at 1020 North Main St. in Shelbyville. Shelbyville Square was fully leased at the time of sale to eight tenants including Petsense and Pizza Hut. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer, a private investor from Dacula, Georgia. Sofran Partners, an Atlanta-based developer, sold the property for $4.6 million, reflecting a 7.99 percent cap rate.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sit n Sleep
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.3 Million Sale of Sit ‘n Sleep Property in Fontana, California

by Julia Sanders

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.3 million sale of a single-tenant retail building occupied by Sit ‘n Sleep in Fontana. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments, in the transaction. The buyer, a private 1031 exchange investor based in the Inland Empire, purchased the property. The 8,400-square-foot Sit ‘n Sleep store is situated within Highland Village Shopping Center. The center is home to tenants including Sprouts Farmers Market, Jack in the Box, Raising …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

Eastern Real Estate, Atlas Capital Group Acquire 466,000-Square-Foot Eagle Rock Plaza in Los Angeles

by Julia Sanders

Los Angeles, Calif. — Eastern Real Estate and Atlas Capital Group have acquired Eagle Rock Plaza, a 466,000-square-foot regional shopping center located in the Eagle Rock neighborhood of Los Angeles, for an undisclosed price. The center is anchored by Target, Macy’s, Seafood City and Fitness 19. Bill Bauman and Kyle Miller of Newmark represented the undisclosed seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
2618 Kings Ave
Investment salesMontanaNews

Wood Investments Acquires 67,000-Square-Foot Vacant Retail Building in Billings, Montana

by Julia Sanders

Billings, Mont. — Wood Investments Cos. has purchased a vacant retail building situated on 5.19 acres at 2618 King Ave. West in Billings. Wilson-Taylor Partnership sold the property for $4.6 million. Formerly occupied by Big Bear Sports Center, the building features 67,000 square feet of retail space. By the close of escrow, Wood Investments had secured leases with HomeGoods, Sierra Trading Post and Petco to occupy the multi-tenant building. Wood Investments will redevelop the building to comply with tenant specifications, as well as implement capital improvements and upgrades to the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Chauncey Lane
ArizonaInvestment salesNews

Cushman & Wakefield Brokers $17.4 Million Sale of Chauncey Lane Marketplace Mixed-Use Property in Scottsdale

by Julia Sanders

Scottsdale, Ariz. — Cushman & Wakefield has arranged the sale of Chauncey Lane Marketplace, a mixed-use development in north Scottsdale. Los Angeles-based Ronal LLC acquired the asset from Chauncey Retail Partners for $17.4 million. Located at 17757 and 17767 N. Scottsdale Road, the property features 34,963 square feet of office and retail space. Current tenants include a breakfast diner, cocktail lounge, salon/spa, financial advisory offices, a law firm, residential development firm and a dental practice. The property was developed in 2019. Eric Wichterman and Mike Coover of Cushman & Wakefield …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rancho Car Wash
CaliforniaInvestment salesNews

Progressive Real Estate Negotiates $6 Million Sale of Rancho Car Wash Property in Temecula, California

by Julia Sanders

Temecula, Calif. — Progressive Real Estate Partners has arranged the sale of a Rancho Car Wash-occupied retail asset located at 27378 Jefferson Ave. in Temecula. The property traded hands for $6 million. Victor Buendia of Progressive Real Estate Partners represented the buyer and seller, both of which are Los Angeles County-based private investors, in the transaction. Established in 1988, Rancho Car Wash offers full-service hand car washes, auto detailing services and an oil and lube center. The transaction included both the business and real estate and the buyer plans to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Walgreens
FloridaInvestment salesNews

Limestone, Orion Real Estate Acquire 27-Property Walgreens Portfolio for $133 Million

by Julia Sanders

Miami, Fla. — A joint venture between Miami-based Limestone Asset Management and Orion Real Estate Group has acquired a 27-property Walgreens portfolio for $133 million. Wells Fargo provided financing for the acquisition, which was led by Kevin Sanz of Orion. Brian Pfohl and Maury Vanden Eykel of CBRE Inc. represented the seller in the transaction. Further details on the Walgreens properties were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNews

NewMark Merrill Acquires 292,309-Square-Foot Bricktown Square Retail Center in Chicago

by Julia Sanders

Chicago — NewMark Merrill Cos. Inc. has acquired Bricktown Square, a 292,309-square-foot retail center located at the northwest corner of N. Narragansett and W. Fullerton avenues in Chicago. Ross Dress for Less, Harbor Freight Tools, Aldi Stores, XSport Fitness, DD’s Discounts and Farmer’s Best Fresh Market anchor the center. Upgrades to the property are planned under the new ownership, including the addition of updated signage. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist and Susan Rorison represented NewMark Merrill in-house. The seller, Bonnie Investment Group, was self-represented in the transaction. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts