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Investment sales

Chiefland Regional Shopping Center
FloridaInvestment salesNews

Coldwell Banker Arranges Sale of 140,664-Square-Foot Shopping Center in Chiefland, Florida

by Abby Cox

Chiefland, Fla. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot regional shopping center located in Chiefland, approximately 30 miles southwest of Gainesville. Bealls anchors the center, which was 95.6 percent occupied at the time of sale. Other tenants include Rent-A-Center, Tractor Supply, Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will be converted into an ALDI. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff …

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56 Edwards Village Blvd.
ColoradoInvestment salesNews

Gart Properties Acquires 48,351-Square-Foot Center in Vail Valley, Colorado

by Abby Cox

Vail Valley, Colo. — Gart Properties has acquired Edwards Corner, a neighborhood retail center at 56 Edwards Village Blvd. in Vail Valley. Built in 2004, Edwards Corner features 48,351 square feet of retail space and office space on the upper level. The center is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Edwards Corner LLC, in the transaction.

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Georgia Crossing
GeorgiaInvestment salesNewsPower centers

Invesco Real Estate Acquires 317,201-Square-Foot Power Center in Metro Atlanta for $82 Million

by Abby Cox

Buford, Ga. — Invesco Real Estate has acquired Georgia Crossing, a 317,201-square-foot power center located in Buford, roughly 38 miles north of Atlanta, for $82 million. Situated across from the 1.7 million-square-foot Mall of Georgia, Georgia Crossing was fully leased to a mix of tenants including TJ Maxx/HomeGoods, Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s Boot City and Ulta Beauty at the time of sale. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL’s Investment Sales and Advisory team represented the seller, Washington Prime Group, in the transaction.

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Peppertree Plaza
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $6.7 Million Sale of 51,000-Square-Foot Shopping Center in Fresno, California

by Abby Cox

Fresno, Calif. — Progressive Real Estate Partners has arranged the $6.7 million sale of Peppertree Plaza, a 51,000-square-foot shopping center located in Fresno. Situated at the intersection of West Shaw and Marks Avenues, the center spans five buildings and was 87 percent leased at the time of sale. Tenants include Outback Steakhouse, Deli-Delicious, Marian’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and the State Bank of India. Greg Bedell of Progressive represented the seller, a private investor based in the Bay Area. The all-cash buyer was …

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Paradise Isle Shopping Center
AlabamaGrocery-anchoredInvestment salesNews

Merrill P. Thomas Co. Brokers $5.7 Million Sale of Paradise Isle Shopping Center in Gulf Shores, Alabama

by Abby Cox

Gulf Shores, Ala. — Locally based Merrill P. Thomas Co. has brokered the $5.7 million sale of Paradise Isle Shopping Center, a 47,520-square-foot shopping center located in Gulf Shores. Publix anchors the property, which is situated on 4.6 acres. Other tenants include AutoZone, Resale Heaven, Nail Boutique & Spa and the Gulf Shores Methodist Church. Pratt Thomas of Merrill P. Thomas Co. represented the seller, Gulf Shore Methodist Church, in the transaction. The buyer was an entity doing business as Paradise Isla Holdings LLC.

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2303 Sunset Blvd.
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $3.8 Million Sale of Two-Tenant Retail Pad in Metro Sacramento

by Abby Cox

Rocklin, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.8 million sale of a two-tenant retail pad located in Rocklin, approximately 25 miles northeast of downtown Sacramento, for $3.8 million. Situated at 2303 Sunset Blvd., the 6,122-square-foot building is occupied by U.S. Bank and a drive-thru Animal Urgent Care, each on a triple-net-lease. Built in 2022, the property sits on roughly 1 acre. Nearby tenants include Taco Bell, Safeway, Costco, Target, The Home Depot, WinCo Foods and Chipotle Mexican Grill. Eric Wohl and CJ Kiehler of Hanley represented …

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Sprouts Farmers Market
Investment salesNewsTennessee

Hanley Investment Group, CP Partners Facilitate $9.5 Million Sale of Single Tenant Retail Property in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — A partnership between Hanley Investment Group Real Estate Advisors and CP Partners has facilitated the $9.5 million sale of a newly constructed, single-tenant retail property located in Nashville. Sprouts Farmers Market occupies the 22,988-square-foot building on a triple-net-lease featuring five five-year renewal options. Jeff Lefko and Bill Asher of Hanley Investment, in association with Joe Caccamo and Lea Kuehnhackl of CP Partners and ParaSell, Inc., represented the seller, Greenville, South Carolina-based RealtyLink LLC, in the transaction. Chris Thompson of JRW Realty represented the buyer, a Los Angeles-based …

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Germantown Station
Investment salesNewsTennessee

Cushman & Wakefield Commercial Advisors Arranges Sale of Germantown Station in Tennessee

by Abby Cox

Germantown, Tenn. — Cushman & Wakefield Commercial Advisors has arranged the sale of Germantown Station, a 12,000-square-foot retail center located at 1217-1227 South Germantown Road. Built in 2002, the property is situated on 1.3 acres and was fully leased to tenants including State Farm, Simmons Bank, Alliance Animal Health, Breakaway Running, A&A Nail Spa and Las Tortugas Deli Mexicana at the time of sale. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller, Germantown Station LLC, in the transaction. The buyer was Ranjit Komeravelli.

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Buttonwood Plaza
FloridaInvestment salesNews

Atlantic Commercial Group Negotiates $8.4 Million Sale of 60,000-Square-Foot Retail Center in South Florida

by Abby Cox

Greenacres, Fla. — Atlantic Commercial Group has negotiated the $8.4 million sale of Buttonwood Plaza, a 60,000-square-foot retail center located in Greenacres, approximately 12 miles outside West Palm Beach. Built in 1986, the center is situated on 5 acres at the southeast corner of Jog Road and 10th Ave. North. Tenants at the property — which was 97 percent leased at the time of sale — include CiCi’s Pizza, a barber shop and a Chinese restaurant. Gary Broidis of Atlantic Commercial represented the seller in the transaction. The buyer was an …

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Walmart
FloridaInvestment salesNet leaseNews

SRS Real Estate Negotiates $4.5 Million Sale of Walmart-Anchored Property in Metro Orlando

by Abby Cox

Deltona, Fla. — SRS Real Estate Partners has negotiated the $4.5 million ground lease sale of a single-tenant retail property located at 1569 Saxon Blvd. in Deltona. The property is situated 30 miles north of Orlando within the mixed-use development of Deltona Village, which is currently under construction. Walmart occupies the 41,335-square-foot building on an absolute triple-net-lease with 10 years remaining. Patrick Nutt and William Wamble represented the seller, a private partnership, in the transaction. SRS also represented the buyer, a Pennsylvania-based private entity.

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