Investment sales

Burger King
Investment salesKentuckyLeasingNews

Bay Country Estates Purchases Burger King-Leased Property in Shepherdsville, Kentucky for $1.6 Million

by Julia Sanders

Shepherdsville, Ky. — Bay Country Estates has purchased a 34,484-square-foot retail property in Shepherdsville that is ground-leased to Burger King. An entity doing business as Dixie Hwy Development #3 LLC sold the property for $1.6 million. Carrols Corp. operates the Burger King location, which has 18.5 years remaining on its lease. The property is located at 315 Keystone Crossing Drive, about 20 miles south of Louisville. Jesse Limon of Marcus & Millichap’s Manhattan office represented the seller in the transaction. Jesse Limon and Colby Haugness of Marcus & Millichap’s Kentucky …

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Gateway 101
CaliforniaInvestment salesNews

JLL Arranges $53.2 Million Sale of Gateway 101 Retail Center in Metro San Francisco

by Julia Sanders

East Palo Alto, Calif. — JLL Capital Markets has arranged the $53.2 million sale of Gateway 101, a 92,110-square-foot retail center in East Palo Alto, roughly 30 miles outside San Francisco. The property is fully leased to Target and Nordstrom Rack, and opened in 2000 as part of a larger 430,000-square-foot retail center. Bryan Ley, Eric Kathrein and Tony Ensbury of JLL represented the seller, Regency Centers Corp., in the disposition of the property to an undisclosed private foreign investor.

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Shoppes at Hickory Hollow
Investment salesNewsTennessee

SRS Brokers $18 Million Sale of Kroger-Anchored Shopping Center in Metro Nashville

by Julia Sanders

Antioch, Tenn. — SRS Real Estate Partners has brokered the sale of the Shoppes at Hickory Hollow, a 144,469-square-foot, Kroger-anchored shopping center in Antioch. The sellers, Mishorim USA Inc., Park One USA Inc. and Gold Investments USA Inc., sold the property to an entity doing business as FNRP CV LLC for $18 million. The center is situated at 5319 Mount View Road next to Mount View and Bell roads in metro Nashville. Built in 1986 on approximately 12.9 acres, the center is roughly 97 percent leased to tenants such as …

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Retail property
ArizonaFaris Lee InvestmentsInvestment salesNews

Faris Lee Brokers $7.1 Million Sale of Two-Tenant Retail Property in Bullhead, Arizona

by Julia Sanders

Bullhead, Ariz. — Faris Lee Investments has arranged the sale of a 52,944-square-foot retail property located within City Square Shopping Center in Bullhead. An undisclosed seller sold the property for $7.1 million. The name of the buyer was not released. The transaction included Smart & Final Extra! and Ashley Homestore, both of which are triple-net lease tenants. Chris DePierro of Faris Lee represented the seller in the deal.

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Center at Hudson
Investment salesMassachusettsNews

JLL Arranges Sale of Center at Hudson Shopping Center in Metro Boston

by Julia Sanders

Hudson, Mass. — JLL Capital Markets has arranged the sale of Center at Hudson, an 85,000-square-foot shopping center anchored by Stop & Shop in Boston’s western suburb of Hudson. Nat Heald, Chris Angelone and Zach Nitsche of JLL represented the undisclosed seller in the transaction. The buyer, NNM Realty Trust, acquired the property for an undisclosed price. The center was 96 percent occupied at the time of sale by tenants including Expo Nails, The Paper Store, Sperry’s Liquors and Eye Care Center.

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Investment salesNewsTexas

SHOP Cos. Negotiates Sale of 30,697-Square-Foot Shops at Stonebrook in Frisco

by Julia Sanders

Frisco, Texas — SHOP Cos. has negotiated the sale of Shops at Stonebrook, a 30,697-square-foot retail center in Frisco. Built in 2017, the property houses tenants such as Ellie K Salon, Aura Nail Bar, The Salt Retreat, Pizzeria Alba, Maroc Hamam Spa and Fit Body Lab. The buyer and seller were not disclosed.

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River Crest Shopping Center
Investment salesLouisianaNews

SRS Brokers Sale of River Crest Shopping Center in Bossier City, Louisiana

by Julia Sanders

Bossier City, La. — SRS’ Investment Properties Group has brokered the sale of River Crest Shopping Center, a retail property located at 4970 Barksdale Blvd. in Bossier City. The 22,140-square-foot center was 74.5 percent occupied at the time of sale by tenants including Verizon, Smoothie King and Little Caesars. Aaron Johnson and Brad Gibbs of SRS represented the seller, Sealy River Crest I LLC, in the disposition of the property to Wen Jing Real Estate Inc. The purchase price was undisclosed.

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Shoppes at Golden Acres
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of The Shoppes at Golden Acres in Metro Tampa

by Julia Sanders

New Port Richey, Fla. — Plaza Advisors has arranged the sale of the Shoppes at Golden Acres, a 130,707-square-foot retail plaza located on Little Road and Fox Hollow Road in New Port Richey. Tenants at the center include Publix, Rent-A-Center, Edward Jones and Amscot. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller, a joint venture between SITE Centers Corp. and Madison International Realty. The buyer and terms of the transaction were undisclosed.

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FloridaInvestment salesLeasingNews

CBRE Arranges Sale of 45,000-Square-Foot Best Buy-Leased Store in West Palm Beach

by Julia Sanders

West Palm Beach, Fla. — CBRE has arranged the sale of a 45,000-square-foot store at 1880 Palm Beach Lakes Boulevard in West Palm Beach. Best Buy has operated at this location for 25 years. Will Pike, Chris Bosworth and Brian Pfohl of CBRE’s Atlanta office, along with Dennis Carson and Casey Rosen of CBRE’s National Retail Partners Florida Team, represented the seller, which was advised by Orion Investments. The buyer was RK Centers, an owner of retail properties in both South Florida and Massachusetts.

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FloridaInvestment salesNews

Limestone Asset Management Acquires Two Outparcels Near Orlando’s Mall at Millenia for $10.4 Million

by Julia Sanders

Orlando, Fla. — Miami-based Limestone Asset Management has acquired two outparcel buildings totaling 14,075 square feet near Orlando’s Mall at Millenia for $10.4 million. Acquisitions include a 5,530-square-foot AT&T store located at 4006 Conroy Road; and a two-tenant outparcel featuring a 5,045-square-foot Panera Bread and a 3,500-square-foot Shake Shack at 4060 Conroy Road. The Mall at Millenia comprises more than 1.1 million square feet and includes anchors such as Macy’s, Neiman Marcus and Bloomingdale’s. The property is located at 4200 Conroy Road, six miles southwest of downtown Orlando. Kevin Sanz …

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