Birmingham, Ala. — DRA Advisors LLC has sold The Colonnade, a 127,031-square-foot shopping center located in Birmingham.
Orlando and Bradenton, Fla. — Plaza Advisors has arranged the sale of two shopping centers located in Orlando and Bradenton, Florida.
Arroyo Grande, Calif. — PAQ Inc. has acquired a 63,737-square-foot vacant building located in Five Cities Center, a 467,000-square-foot power center located in the California Central Coast community of Arroyo Grande, with the intention of opening a new Food 4 Less location.
Casa Grande, Ariz. — Marcus & Millichap has arranged the $3.4 million sale of a 3,616-square-foot, net-leased property occupied by Raising Cane’s in Casa Grande.
Cumming, Ga. — Preferred Apartment Communities Inc. (PAC) has purchased Lakeland Plaza, a 301,711-square-foot shopping center located at the intersection of Georgia 400 and Highway 20 in Cumming.
Issaquah, Wash. — Regency Centers Corp. has acquired Klahanie Shopping Center, a grocery-anchored shopping center located in the Seattle suburb of Issaquah, for $36 million.
Chino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.15 million sale of a 3,900-square-foot, multi-tenant pad building located at Stater Bros. Plaza in Chino.
Sunbury, Pa. — Weis Markets Inc., a Mid-Atlantic grocery retailer, has reached an agreement with Food Lion LLC to purchase 38 Food Lion supermarket locations in Maryland, Virginia and Delaware.
Los Angeles — A property occupied by fashion house Bijan has traded hands on Rodeo Drive in Los Angeles.
Tempe, Ariz. — Orion Investment Real Estate has arranged the $2 million sale of Red Devil Center, an 18,170-square-foot shopping center located near Arizona State University in Tempe.