Fort Collins, Colo. — NewMark Merrill Cos. has acquired a single-tenant retail building located in Fort Collins. Lucky’s Market occupies the property, which totals 26,602 square feet. Lance Taylor represented NewMark Merrill in the transaction on an internal basis. Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield represented the undisclosed seller.
Nanuet, N.Y. — Katz has brokered the $7.6 million sale of two properties located in Nanuet. Both built in 1973, the properties include a 2,500-square-foot single-tenant building and a 30,000-square-foot multi-tenant building. Chase Bank occupies the single-tenant building, and the multi-tenant building is leased to Tile Shop, Carpet One and Hudson Valley Integrated Medicine. Donny Moskovic of Katz represented both the buyer and seller in the transaction.
Pompano Beach, Fla. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the …
Winchester, Va. — Continental Realty Corp. (CRC) has acquired Creekside Station, a 126,304-square-foot retail center in Winchester. Creekside Properties sold the center for $19.5 million. CRC, which was self-represented in the transaction, purchased the property with funds from the Continental Realty Opportunistic Retail Fund I LP (CRORF), marking the second acquisition in the state this year for the buyer. Built in 2003 and situated within Creekside Town Center, Creekside Station was 95 percent leased at the time of sale. Tenants at the property include Chico’s, J.Jill, Jos. A Bank, IJ Canns …
Riverside, Calif. — Hanley Investment Real Estate Advisors has brokered the $5.8 million sale of a 6,300-square-foot retail pad property located in Riverside. Chipotle Mexican Grill anchors the three-tenant building, which was built in 2020 and is situated within Veteran’s Plaza. MA Dental is also open at the property, with BHC Chicken scheduled to open in October. Eric Wohl and CJ Kiehler of Hanley represented the developer and seller, Greens Development Inc., in the transaction. Justin Altemus of The Altemus Co. represented the buyer, a 1031-exchange investor.
Spencerport, N.Y. — Legacy Realty Group Advisors has arranged the sale of Spencerport Village Plaza, a 99,096-square-foot shopping center located in Spencerport. Tops Friendly Markets anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
Newport, Tenn. — Marcus & Millichap has brokered the sale of Five Rivers Plaza, a 40,085-square-foot retail center located in Newport, roughly 50 miles east of Knoxville. Tenants at the property, which was originally built in 1983 and renovated in 2023, include Family Dollar and Dollar Tree. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a local developer, in the transaction. A Nashville, Tennessee-based 1031 investor acquired the property for an undisclosed price.
Fort Collins, Colo. — Cushman & Wakefield has negotiated the $7.3 million sale of a single-tenant property located in Fort Collins. Built in 1966 and most recently renovated in 2018, the building is occupied by Lucky’s Market. Jon Hendrickson, Aaron Johnson, Aki Palmer and Cole VanMeveren of Cushman & Wakefield, with Peter Pavlakis of Legend Retail Group, represented the seller, McWhinney, in the transaction.
Hagerstown, Md. — Continental Realty Corp. (CRC) has sold Centre at Hagerstown, a shopping center located in northern Maryland, for $36.3 million. JLL brokered the transaction. CRC purchased the 292,000-square-foot shopping center in 2019 for $23.5 million and has since sold nine of the center’s 10 freestanding pad sites for a total of $16.1 million. Centre at Hagerstown was roughly 97 percent leased at the time of sale to tenants including Burlington, Crunch Fitness, HomeGoods, Marshalls, PetSmart, Regency Furniture, 2nd & Charles and Party City.
Mesa, Ariz. — SimonCRE has sold Mesa Ranch Plaza, a 130,000-square-foot retail center in Mesa. An entity doing business as Mesa Ranch 24 LP acquired the property, which was 99 percent occupied at the time of sale, for $26 million. Alex Kozakov and Patrick Wade of CBRE represented both the buyer and seller in the transaction. Michael Hackett of CBRE served as the local market expert for the deal.
