Investment sales

Randall-Square
IllinoisInvestment salesNews

Mid-America Negotiates $29 Million Sale of 171,860-Square-Foot Randall Square in Metro Chicago

by Abby Cox

Geneva, Ill. — Mid-America Real Estate has negotiated the sale of Randall Square, a 171,860-square-foot shopping center located in Geneva, roughly 40 miles west of Chicago. Alpharetta, Georgia-based Octave Holdings purchased the property for $29 million, according to public records. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Cincinnati-based Viking Partners, in the transaction. Randall Square features a mix of tenants including Nordstrom Rack, Marshalls, Ulta Beauty, PetSmart, Skechers, Five Below, Uncharted and Old Navy.

Continue Reading
0 FacebookTwitterLinkedinEmail
ALDI-Grocery-Anchored-Center
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.7 Million Sale of Grocery-Anchored Shopping Center in McHenry, Illinois

by Abby Cox

McHenry, Ill. — Marcus & Millichap has brokered the $13.7 million sale of McHenry Town Center, a 94,658-square-foot, grocery-anchored center located in McHenry, roughly 55 miles southeast of Chicago. Built in 2003, the eight-suite property is home to Aldi, Petco, Five Below, Bath & Body Works, Michaels and Famous Footwear. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private family with offices overseas and in Chicago, and procured the 1031 exchange buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Hollywood-Beach-retail
FloridaInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Retail Property in Hollywood, Florida

by Abby Cox

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sunset-West
FloridaInvestment salesNews

Gazit Horizons Acquires 73,072-Square-Foot Sunset West Shopping Center in Miami

by Abby Cox

Miami — Miami-based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and SW. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery …

Continue Reading
0 FacebookTwitterLinkedinEmail
marathea-plaza
Investment salesNewsNorth Carolina

Lucern Capital Partners Acquires Marathea Plaza in Mooresville, North Carolina, for $6.3 Million

by Abby Cox

Mooresville, N.C. — Red Bank, New Jersey-based Lucern Capital Partners has acquired Marathea Plaza, a 33,600-square-foot retail center located at 2785 Charlotte Highway in Mooresville, for $6.3 million. Tenants at the center include Papa John’s Pizza, Jackson Hewitt, Huang’s Chef and Bambini Italian Restaurant. The property spans roughly 4.5 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
Victoria Gardens-Rancho Cucamonga
CaliforniaInvestment salesNews

Partnership Acquires Victoria Gardens Open-Air Mall in Inland Empire for $530 Million, Plans Renovation

by Abby Cox

Rancho Cucamonga, Calif. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp., sold the open-air mall for $530 million. Ares Real Estate provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in …

Continue Reading
0 FacebookTwitterLinkedinEmail
stony-creek-marketplace
IndianaInvestment salesNews

Cushman & Wakefield Arranges Sale of 204,810-Square-Foot Shopping Center in Metro Indianapolis

by Abby Cox

Noblesville, Ind. — Cushman & Wakefield has arranged the sale of Stony Creek Marketplace, a 204,810-square-foot, regional shopping center located in Noblesville, roughly 27 miles north of Indianapolis. Best Buy, T.J. Maxx and HomeGoods anchor the property, which was built in 2003. Other tenants include Barnes & Noble, Five Below, PetSmart, Ross Dress for Less and Shoe Carnival. Stony Creek Marketplace was fully leased at the time of sale. Evan Halkias, David Matheis and Bill French of Cushman & Wakefield represented the seller, Rainier Cos., in the transaction. The buyer was …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hampton Cove Shops
AlabamaInvestment salesNews

Franklin Street Brokers $7.6 Million Sale of Hampton Cove Shops in Owens Cross Roads, Alabama

by Abby Cox

Owens Cross Roads, Ala. — Franklin Street has brokered the sale of Hampton Cove Shops, a 41,681-square-foot retail center located in Owens Cross Roads, approximately 15 miles southeast of Huntsville. Bryan Belk and John Tennant of Franklin Street represented the seller, Fairway Investments, in the transaction. Prudent Growth Partners purchased the property for $7.6 million. Built in 2008, Hampton Cove Shops was 96 percent leased at the time of sale to tenants including Dollar Tree, H&R Block, sports bar Jefferson’s, We Rock the Spectrum Kid’s Gym and ALFA Insurance.

Continue Reading
0 FacebookTwitterLinkedinEmail
156-Bleecker-Street
FinanceInvestment salesNew YorkNews

Marcus & Millichap Arranges $21.3 Million Sale of Retail Condominium in Manhattan

by Abby Cox

New York City — Marcus & Millichap has arranged the $21.3 million sale of 156-168 Bleecker Street, a 27,541-square-foot retail condominium located in the Greenwich Village neighborhood of Manhattan. Mission Capital, a subsidiary of Marcus & Millichap Capital Corp. (MMCC), arranged acquisition financing. Eric Anton and Adam Steiner of Marcus & Millichap, along with David Tobin, Spencer Kirsch and Pierre Bonan of Mission Capital, represented the seller and procured the buyer in the transaction. Built in 1896, 156-168 Bleecker Street includes eight retail suites totaling 26,752 square feet and a …

Continue Reading
0 FacebookTwitterLinkedinEmail
new-mark-shopping-center
Grocery-anchoredInvestment salesMissouriNews

Block & Co. Negotiates Sale of Grocery-Anchored Shopping Center in Kansas City

by Abby Cox

Kansas City, Mo. — Block & Co. Inc. Realtors has negotiated the sale of New Mark Shopping Center, an 81,884-square-foot neighborhood center located at North Oak Trafficway and 102nd Street in Kansas City. A 52,000-square-foot Sun Fresh Grocery anchors the center, which was 95 percent leased at the time of sale. David Block and Jay Friedman of Block & Co. represented the seller in the transaction. The buyer, an out-of-state investor, purchased New Mark Shopping Center for an undisclosed price. Block & Co. has managed and leased New Mark since acquiring the property in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts