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Investment sales

Vickery Village Center
GeorgiaInvestment salesNews

IPA Brokers $18.5 Million Sale of Retail Center in Metro Atlanta

by Hayden Spiess

Cumming, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.5 million sale of Vickery Village, a 59,601-square-foot retail center located in the Atlanta suburb of Cumming. The shopping center is situated within a larger, 188,000-square-foot mixed-use development dubbed Vickery Village Center. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, an entity doing business as Vickery Village Community LLC, in the transaction. An entity doing business as Vickery Village Retail LLC acquired the center, which was leased to 27 tenants at …

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230-Bay-Pl-Oakland-CA
CaliforniaInvestment salesNews

SITE Centers Sells Retail Building in Oakland, California for $44.4 Million

by Hayden Spiess

Oakland, Calif. — SITE Centers Corp. has completed the sale of a freestanding retail building located in Oakland for $44.4 million. Whole Foods Market occupies the property. An undisclosed buyer acquired 57,218-square-foot building, which was built in 2007. Eric Kathrein, Geoff Tranchina, Gleb Lvovich and Warren McClean of JLL Capital Markets represented the seller and procured the buyer in the transaction.

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CaliforniaInvestment salesNews

Hanley Arranges $9.4 Million Sale of Retail Building in Aliso Viejo, California

by Hayden Spiess

Aliso Viejo, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9.4 million sale of a multi-tenant retail building located in Aliso Viejo. Situated within Aliso Viejo Town Center, the building comprises 24,986 square feet. Built in 2004, the property was leased to tenants including Buffalo Wild Wings, Active Med Supply, Cold Stone Creamery and F45 Training at the time of sale. Other tenants at Aliso Viejo Town Center — which totals 380,000 square feet — include Ralphs, Staples, CVS/pharmacy, T.J. Maxx, HomeGoods PetSmart and Regal Cinemas. Sean Cox and …

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Investment salesNew JerseyNews

Montana Property Group Acquires 84,933-Square-Foot Retail Center in Voorhees, New Jersey

by Hayden Spiess

Voorhees, N.J. — Montana Property Group has acquired Echelon Village Plaza, an 84,933-square-foot retail center located in Voorhees. SITE Centers sold the property for $8.5 million. Tenants at the center include Edge Fitness, Dollar Tree and Buffalo Wild Wings. Atlantic Retail represented the seller in the transaction. 

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CaliforniaInvestment salesNews

Faris Lee Brokers $6 Million Sale of Shopping Center in Tulare, California

by Hayden Spiess

Tulare, Calif. — Faris Lee Investments has brokered the $6 million sale of Tulare Pavilion Shopping Center in Tulare. Tenants at the property include Dollar Tree, Harbor Freight Tools and Big Lots. The center is situated near Tulare Outlet Center, which draws over 4 million visitors each year, according to Faris Lee. 

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ColoradoGrocery-anchoredInvestment salesNews

KPR Centers Acquires Retail Center in Denver for $56.5 Million 

by Hayden Spiess

Denver — KPR Centers has acquired University Hills, a retail center located in Denver, for $56.5 million. Supermarket chain King Soopers anchors the property, which totals 210,000 square feet. Other tenants at the center include Michaels, Marshalls, Office Depot, PetSmart, Five Below, Ulta Beauty and Starbucks Coffee. Tom Lagos of Institutional Property Advisors (IPA) represented KPR in the acquisition. 

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Investment salesMarylandNews

SVN | Miller Arranges Sale of 13,824-Square-Foot Single-Tenant Property in Salisbury, Maryland

by Hayden Spiess

Salisbury, Md. — SVN | Miller Commercial Real Estate has arranged the sale of a single-tenant retail property located in Salisbury. The property, which totals 13,824 square feet and features a drive-thru, was formerly occupied by Rite Aid, which vacated the site in September 2023. Tonney Insley and Ryan Finnegan of SVN | Miller represented the seller in the transaction. Christopher Zamias of CCN Real Estate represented the buyer, an undisclosed retail chain. 

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Grocery-anchoredInvestment salesNew JerseyNews

IPA Arranges Sale of 485,094-Square-Foot Shopping Center in Hamilton Township, New Jersey

by Hayden Spiess

Hamilton Township, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Hamilton Marketplace, a 485,094-square-foot shopping center located in Hamilton Township. A 65,155-square-foot ShopRite anchors the property, which was constructed in phases beginning in the early 2000s. Other tenants at the center include Kohl’s, Ross Dress for Less, Staples, Barnes & Noble, Michaels, Old Navy, Ulta Beauty, Burlington and PetSmart. Paramount Realty acquired the property from SITE Centers for $116.5 million. Brad Nathanson and JP Colussi of IPA represented the seller in the …

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FloridaGrocery-anchoredInvestment salesNewsTexas

Longpoint Purchases Two Retail Centers for $45.7 Million

by Hayden Spiess

Houston and Pompano Beach, Fla. — Longpoint Partners has purchased two shopping centers for a total of $45.7 million. The properties — Plaza Mexico in Houston and Palm Aire Marketplace in Pompano Beach, Florida — comprise 103,907 and 143,219 square feet, respectively. El Rancho anchors Plaza Mexico, which was 96 percent occupied at the time of sale, and El Presidente Supermarket anchors Palm Aire Marketplace, which was 90 percent leased at the time of sale. Both properties will be managed under Longpoint’s new Lena Centers brand. 

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