Fresno, Calif. — Faris Lee Investments has arranged the $5.3 million presale of a newly constructed, single-tenant retail property in Fresno. The Learning Experience daycare occupies the property on a long-term 20-year net-lease basis. Scott DeYoung, Jeff Conover and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction.
Orlando, Fla. — Marcus & Millichap has brokered the $10.8 million sale of Turkey Lake Plaza, a retail center located in Orlando. Built in 2010, the property totals 19,719 square feet. Turkey Lake Plaza was leased to 12 tenants at the time of sale, including Gyu-Kaku Japanese BBQ. Tarek Chbeir of Marcus & Millichap procured the buyer, a local investor, in the transaction. The seller was also not disclosed.
Ithaca, N.Y. and Waynesboro, Va. — Chase Properties has acquired two retail centers — Creekside Plaza in Ithaca, New York, and Waynesboro Town Center in Waynesboro, Virginia. Built in 2001, Creekside Plaza comprises 180,000 square feet. Tenants at the property, which was 95 percent leased at the time of acquisition, include Dick’s Sporting Goods, HomeGoods, Barnes & Noble and O’Reilly Auto Parts. Waynesboro Town Center was built in 2007 and was 98 percent leased at the time of acquisition. Tenants at the 170,810-square-foot property include Ross Dress for Less PetSmart, Burlington …
Mansfield Center, Conn. — The Kislak Co. has brokered the $12 million sale of East Brook Mall in Mansfield Center for $12 million. Built in 1975 and renovated in 2005, the property totals 275,239 square feet, including an enclosed mall, as well as open-air retail space and pad sites. Tenants at East Brook Mall include Old Navy, Kohl’s, T.J. Maxx and Michaels. Barry Waisbrod of Kislak and Andrew Knight of New England Commercial Brokerage represented the seller, America’s Realty, in the transaction.
Alameda, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4 million sale of a single-tenant retail property located in Alameda, roughly 15 miles east of San Francisco. Jack in the Box occupies the building, which totals 2,583 square feet and features a drive-thru. Originally built in 1991, the property is situated within the shopping district of Downtown Alameda. Bill Asher, Jeremy McChesney and Jeff Lefko of Hanley, with Cherie Huillade of Colliers, represented the seller, CalBay Development, in the transaction. Jake Kim of Pinnacle Estate Properties represented the …
Kingston, Mass. — Second Horizon Capital has acquired a 150,000-square-foot Macy’s store located in Kingston in a sale-leaseback transaction. Situated on a 15.2-acre parcel, the building is located within Kingston Collection. Macy’s will continue to operate at the site through early 2025.
Richardson, Texas — Disney Investment Group (DIG) has brokered the sale of Arapaho Village, a 101,507-square-foot shopping center located in the Dallas suburb of Richardson. Tom Thumb anchors the property, which was roughly 92 percent leased at the time of sale. David Disney and Adam Crockett of DIG represented the seller, WASA Properties, in the transaction. An affiliate of Weitzman acquired the center for an undisclosed price.
Sunrise, Fla. — Marcus & Millichap has brokered the $5.7 million sale of West Commercial Landings, a retail center located in Sunrise. Tenants at the property, which totals 11,700 square feet and was 87 percent leased at the time of sale, include Huey Magoo’s, McAlister’s Deli, Verizon Wireless and Papa John’s. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, Konover South, in the transaction. Stablewood Properties was the buyer.
Springfield, Ill. — The Cooper Commercial Investment Group has arranged the $1.8 million sale of a single-tenant retail property located in Springfield. Starbucks Coffee occupies the building, which is positioned on a site that serves as an outparcel to Walmart Supercenter, Target and Aldi. Bob Havasi and Dan Cooper of Cooper Commercial represented the seller in the transaction. Starbucks has roughly five years remaining on its lease at the property.
Snellville, Ga. — JLL Capital Markets has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.