Investment sales

Pacific-Town-Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $27 Million Sale of Pacific Town Center in Stockton, California

by Abby Cox

Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …

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Salem-Gate-Market
FinanceGeorgiaInvestment salesNews

JLL Negotiates $25.4 Million Sale, Financing of Salem Gate Market in Metro Atlanta

by Abby Cox

Conyers, Ga. — JLL Capital Markers has negotiated the $25.4 million sale of Salem Gate Market, a 177,527-square-foot retail center located in Conyers, a southeast suburb of Atlanta in Rockdale County. Brad Buchanan, Jim Hamilton, Andrew Kahn and Anton Serafini of JLL represented the seller, Tri-Land Properties, in the transaction. Gregg Shapiro, Hunter Goldberg and Austin Smith, also of JLL, represented the buyer, Highline Real Estate Capital LLC, in procuring the acquisition loan. Salem Gate Market is fully leased to tenants including Floor & Decor, Academy Sports + Outdoors, Northern Tool …

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CFA-Placentia-Rendering-SRS
CaliforniaInvestment salesNews

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California, for $7.9 Million

by Abby Cox

Placentia, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-Fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

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Lauren-Parc-Shopping-Center
Investment salesLouisianaNews

Dowd Cos. Brokers $4.1 Million Sale of Lauren Parc Shopping Center in Abbeville, Louisiana

by Abby Cox

Abbeville, La. — The Dowd Cos. has brokered the $4.1 million sale of Lauren Parc Shopping Center, a 34,125-square-foot retail center located in Abbeville, approximately 21 miles southwest of Lafayette. Originally built in 2014, the center was 95 percent leased at the time of sale to nine tenants including Dollar Tree, AT&T and Anytime Fitness. The transaction also includes an additional outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the buyer, an out-of-state investor, and the seller, in the transaction.

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Bristol-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Sterling Organization Buys 263,829-Square-Foot Grocery-Anchored Center in Bristol, Connecticut, for $44.4 Million

by Abby Cox

Bristol, Conn. — Sterling Organization has acquired Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center located in Bristol, approximately 20 miles southwest of Hartford, for $44.4 million. Bristol Plaza was 93.1 percent occupied at the time of sale to tenants including a Stop & Shop supermarket, T.J. Maxx, Burlington, Dollar Tree and Starbucks Coffee. Chris Angelone, Zach Nitsche, Alex Quinn, Sam Wiesman and Henry Schaffer of JLL’s Investment Sales and Advisory team represented the seller, Federal Realty Investment Trust, in the transaction.

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Lake-Meadows
Grocery-anchoredIllinoisInvestment salesNews

NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago

by Abby Cox

Chicago —NewMark Merrill Cos. has acquired Lake Meadows Shopping Center, a 179,106-square-foot retail center in Chicago. Jewel-Osco anchors the center, which was 85 percent leased at the time of sale. Additional tenants include LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill will upgrade the property with new signage, lighting and gathering spaces. The firm also has plans to promote the center’s businesses and operators by hosting events for the neighborhood. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello internally represented NewMark Merrill in the transaction. …

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Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 114,099-Square-Foot Beltway South Retail Center in Houston

by Abby Cox

Houston — ShopOne Centers, along with its joint venture partners Pantheon and a global institutional investor, has acquired Beltway South, a 114,099-square-foot retail property located in Houston. Kroger anchors the center, which features a mix of additional tenants including Petco, Cato Fashions, Subway and State Farm, as well as various local service providers and dining options. This transaction marks ShopOne’s first investment in Texas.

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Ives-Plaza
FloridaInvestment salesNews

United Capital Acquires Ives Plaza in Metro Miami for $12 Million

by Abby Cox

Miami Gardens, Fla. — United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. R&E Trust sold the property for $12 million. David B. Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United Capital. This transaction marks the first time the property has been sold. Developed in 1955 on nearly 6.5 acres, Ives Plaza was 66 percent leased at the time of sale to 15 tenants including Pizza Hut …

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Indian-Trail-Square-Louisville
Investment salesKentuckyNews

Cushman & Wakefield | Commercial Kentucky Negotiates Sale of 289,937-Square-Foot Shopping Center in Louisville, Kentucky

by Abby Cox

Louisville, Ky. — Cushman & Wakefield | Commercial Kentucky has negotiated the sale of Indian Trail Square, a 289,937-square-foot shopping center located in Louisville. The property’s tenant lineup includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Kentucky-based BC Wood Properties sold the 30-acre center to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the …

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sunset-plaza
Investment salesNewsTexas

Hanley Investment Group Arranges Sale of 92,000-Square-Foot Shopping Center in San Angelo, Texas

by Abby Cox

San Angelo, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Sunset Plaza, a 92,000-square-foot shopping center located in the West Texas city of San Angelo. Built in 2005 on 8.4 acres,the property is situated adjacent to Sunset Mall. Tenants at Sunset Plaza include Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop. Target, which was not part of the sale, has also been a long-term tenant at the property. Garrett Wood, Kevin Fryman and Lee Csenar, in association with ParaSell …

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