Investment sales

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 …

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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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The Crossings at South Fayette
Grocery-anchoredInvestment salesNewsPennsylvania

Niki Group Acquires The Crossings at South Fayette in Suburban Pittsburgh for $10.6 Million

by Abby Cox

Bridgeville, Penn. — San Diego based-The Niki Group has acquired The Crossings at South Fayette, a 38,203-square-foot shopping center located in the Pittsburgh suburb of Bridgeville, for $10.6 million. Situated off Interstate 79 at the intersection of Route 50 and Washington Pike, the property comprises a free-standing ALDI grocery store that anchors the center, as well as two multi-tenant outparcel strips. Tenants include Starbucks Coffee, Chipotle, Sola Salon Studios, Jimmy John’s, Elevation Medical Weight Loss, Brentwood Bank and Radiance at Fluhme. Dean Zang and David Crotts of Marcus & Millichap marketed …

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Walmart
AlabamaInvestment salesNews

Boulder Group Arranges $6.3 Million Sale of Single-Tenant Retail Property in Mobile, Alabama

by Abby Cox

Mobile, Ala. — Chicago-based The Boulder Group has arranged the $6.3 million sale of a single-tenant retail property located at 1550 Government St. in Mobile. ALDI occupies the 42,510-square-foot building on a triple-net lease, which has more than 10 years remaining. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the Canadian-based seller in the transaction. The buyer is a Michigan-based commercial real estate investment company. Other nearby retailers include Walgreens, Dollar Tree, Starbucks Coffee, Sherwin-Williams, Fresenius Kidney Care and Firestone Complete Auto Care.

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Delray Corner
FloridaInvestment salesNews

O’Connor Capital Partners Buys 86,000-Square-Foot Retail Center in South Florida for $28.8 Million

by Abby Cox

Delray Beach, Fla. — O’Connor Capital Partners has purchased Delray Corner, an 86,000-square-foot retail center located in Delray Beach, roughly eight miles north of Boca Raton, for $28.8 million. Situated on 9 acres, Michaels and CVS Pharmacy anchor the center, which was 96 percent leased at the time of sale. Other tenants include Hacienda Mexican Restaurant, Enterprise Rent-A-Car, Power Financial Credit Union and Taso’s Greek Taverna & Bar. Originally constructed in 1981, the property underwent significant repositioning in 2023 for the addition of the Michaels store and a Conviva Care center, …

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Shops on Gosling
Investment salesNewsTexas

Headwall Investments Acquires Shops on Gosling in Metro Houston

by Abby Cox

Spring, Texas — Texas-based Headwall Investments has acquired the Shops on Gosling, a 34,613-square-foot neighborhood shopping center in Spring, 25 miles north of Houston. This transaction marks the firm’s 19th shopping center acquisition for its Texas unanchored shopping center strategy, expanding its portfolio to roughly 645,000 square feet and 200 tenant spaces across the Austin-San Antonio, Dallas-Fort Worth, and Houston markets. Built in 2019, the center is situated adjacent to the master-planned community of The Woodlands. Tenants at the property include Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and …

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