Kailua-Kona, Hawaii — Faris Lee Investments has arranged the $21.8 million sale of Coconut Grove Marketplace, a 49,513-square-foot retail center in Kailua-Kona on the Big Island of Hawaii.
Kyle, Texas — InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the Austin suburb of Kyle, Texas, for approximately $59 million.
Fort Mill, S.C. — Preferred Apartment Communities (PAC) has purchased West Town Market, a 67,883-square-foot shopping center in Fort Mill, a South Carolina suburb of Charlotte, for $14.3 million.
San Antonio — Sterling Organization has sold Grandview Shopping Center, a 103,000-square-foot, grocery-anchored shopping center located in San Antonio, for $21.9 million.
New York City and North Bergen, N.J. — Madison International Realty will acquire Forest City Realty Trust’s 51 percent interest in a 2.1 million-square-foot, 12-asset retail portfolio located in New York City and northern New Jersey for $1 billion.
Mansfield, Texas — Phillips Edison Grocery Center REIT II, an affiliate of Phillips Edison & Co., has acquired Mansfield Market Centre, a 55,400-square-foot shopping center located in the southern Fort Worth suburb of Mansfield.