Burlington, Mass. — Atlantic Capital Partners has arranged the sale of Middlesex Marketplace, a 38,243-square-foot shopping center in Burlington, a northern suburb of Boston. Built in 2013, the property was 89 percent leased at the time of sale. Tenants at the center include Smith & Wollensky, Visionworks, Ideal Image and AFC Urgent Care. Justin Smith, Chris Peterson and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer in the transaction.
Lewisville, Texas — MCM Partners has provided equity to a client for the acquisition of a freestanding retail building located in Lewisville. Walgreens occupies the property, which was originally constructed in 2004. Nearby retailers include McDonald’s, Tom Thumb and QuikTrip.
Apollo Beach, Fla. — SRS Real Estate Partners has brokered the $5 million sale of a newly developed retail property located in Apollo Beach. Two tenants, GoodVets and First Watch, fully occupy the building, which totals 7,000 square feet. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the Florida-based seller in the transaction.
Chesapeake, Va. — Dollar Tree Inc. has acquired designation rights for 170 leases of 99 Cents Only Stores, following the latter’s Chapter 11 bankruptcy filing. 99 Cents Only Stores filed for bankruptcy in April and is disposing of its assets — including inventory, owned real estate and store leases — as part of the process. Dollar Tree acquired the leases, as well as the North American intellectual property of 99 Cents and select onsite furniture, fixtures and equipment, in two separate transactions this month. “This was an attractive opportunity to secure …
Chanhassen, Minn. — Minnesota-based Life Time Group Holdings, which operates more than 170 fitness centers throughout the U.S. and Canada, has completed a $40 million sale-leaseback transaction at one of its locations. The property was acquired by an institutional real estate investor that owns another Life Time facility. The proceeds will be used to “support growth and strengthen [Life Time’s] balance sheet,” according to a press release issued by the company.
Killeen and North Richland Hills, Texas — Hanley Investment Group Real Estate Advisors has brokered the sale of two single-tenant properties in Texas in separate transactions. Brakes Plus occupies both properties, which are located in Killeen and North Richland Hills, on a net-lease basis. Both leases feature a corporate guarantee by Mavis Tire Express Services Corp. Built in 2023, the Killeen property totals 4,900 square feet on a 1-acre parcel. Matt Montagne, Maxwell Watson and Tyler Ellinger of Sands Investment Group represented the seller, a Los Angeles-based private investor. The North …
Lakeland, Fla. — Marcus & Millichap has brokered the $4.5 million sale of a single-tenant retail property located in Lakeland. CVS/pharmacy occupies the building, which comprises 12,738 square feet. Ronnie Issenberg and Ricardo Esteves of Marcus & Millichap represented the buyer, a Florida-based private investor, in the transaction.
San Diego — Marcus & Millichap has brokered the sale of Fifth and Penn, a 2,867-square-foot mixed-use property located in San Diego. Built in 1931, the property comprises retail, office and residential space. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller, Tom Fine, in the transaction. Daniel Heimler of DAH Penn LLC acquired the property for an undisclosed price.
Oswego, Ill. — First National Realty Partners has acquired Townes Crossing, a 105,731-square-foot retail center located in Oswego, roughly 50 miles outside Chicago. A 65,000-square-foot Jewel-Osco store anchors the property. Other tenants at the center include Phenix Salon Suites, Oswego Dental, The UPS Store and Subway. Evan Halkias of Cushman & Wakefield represented the undisclosed seller in the transaction.
Seattle — BH Properties has acquired Pacific Place, a 335,000-square-foot shopping mall located in downtown Seattle. Developed in 1998 and renovated in 2019, the property features five floors of retail space and a 1,164-space parking garage. Tenants at the mall include AMC Theaters, Tiffany & Co., Din Tai Fung and Haidilao. Avison Young will manage and lease the property, which was 45 percent occupied at the time of sale, on behalf of BH Properties.