Investment sales

7-Eleven
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $7 Million Sale of Single-Tenant Retail Property in Chino, California

by Abby Cox

Chino, Calif. — Hanley Investment Group has arranged the $7 million sale of a newly constructed, 5,596-square-foot single-tenant retail property located within the master-planned community of The Preserve in Chino. A 7-Eleven convenience store — which also features a Laredo Taco Co. quick-service restaurant and 12 fuel pumps — occupies the site on a 15-year, triple-net-lease basis with 10 percent rental increases every five years. Jeremy McChesney and Andrew Sprowl of Hanley represented the developer and seller, Ledo Capital Group, in the transaction. Adam Bloom of Lee & Associates represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pomona AutoZone Mega Hub
CaliforniaInvestment salesNews

Progressive Real Estate Brokers $5.7 Million Sale of Single-Tenant Retail Property in Metro Los Angeles

by Abby Cox

Pomona, Calif. — Progressive Real Estate Partners has brokered the $5.7 million sale of a single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Built in 2013 and renovated in 2022, AutoZone Mega Hub occupies the 30,000-square-foot building on a new triple-net corporate guaranteed lease, which has roughly 18 years remaining. The Pomona AutoZone Mega Hub is a larger format store that features a full-service retail counter while also functioning as a mini-distribution center for satellite stores in the surrounding region. Brad Umansky and Lance …

Continue Reading
0 FacebookTwitterLinkedinEmail
Commons at Magnolia
Investment salesNewsSouth Carolina

Palomar Group Facilitates Sale of 100,000-Square-Foot Shopping Center in Florence, South Carolina

by Abby Cox

Florence, S.C. — The Palomar Group has facilitated the sale of Commons at Magnolia, a 100,000-square-foot shopping center located at 2887 David H. McLeod Blvd. in Florence. Target anchors the center, which was 90 percent leased at the time of sale. Additional tenants include PetSmart, Michaels, Men’s Warehouse and Rack Room Shoes. Built in 1989, the center sits on 11.7 acres. The buyer was California-based Octave Holdings and Investments.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sundance Towne Center
ArizonaInvestment salesNews

Continental Realty Corp. Buys 203,525-Square-Foot Retail Center in Metro Phoenix for $54.3 Million

by Abby Cox

Buckeye, Ariz. — Baltimore-based Continental Realty Corp. (CRC) has purchased Sundance Towne Center, a 203,525-square-foot regional power center located 30 miles west of Phoenix, for $54.3 million. Walmart and Lowe’s Home Improvement shadow anchor the center, which was originally developed in 2007 on a 32-acre site. The property was 94 percent leased to tenants including AutoZone, BMO Bank, Cracker Barrel, Dollar Tree, Dunn-Edwards Paints, Mattress Firm and Peter Piper Pizza at the time of sale. CRC also plans to invest in capital improvements to enhance tenancy and customer experience. Michael …

Continue Reading
0 FacebookTwitterLinkedinEmail
Siete Square
ArizonaInvestment salesNews

Rein & Grossoehme Arranges $5 Million Sale of 35,926-Square-Foot Shopping Center in Phoenix

by Abby Cox

Phoenix — Rein & Grossoehme Commercial Real Estate has arranged the $5 million sale of Siete Square, a 35,926-square-foot shopping center located at 4139 W. Bell Road in Phoenix. Originally built in 1985, the property was 87 percent leased to tenants including Mattress Max and Georges Baddawi at the time of sale. The center also features a freestanding pad site occupied by Jack in the Box, which was not included in the sale. Mark Rein of Rein & Grossoehme represented the seller, Butterfield Trail LLC, and the buyer, Bell Square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rivergate Shopping Center
IndianaInvestment salesNews

Prudent Growth Partners Acquires Rivergate Shopping Center in Metro Indianapolis for $4.4 Million

by Abby Cox

Shelbyville, Ind. — North Carolina-based Prudent Growth Partners has acquired Rivergate Shopping Center, a 45,314-square-foot shopping center located in the Indianapolis suburb of Shelbyville for $4.4 million. Farm equipment supplier Rural King shadow anchors the property, which was built in 1985 and renovated in 1995. Rivergate Shopping Center was 93 percent leased to a mix of retail, fitness, financial and medical service-based tenants at the time of sale.

Continue Reading
1 FacebookTwitterLinkedinEmail
5000 South Hulen
Investment salesNewsTexas

Whitestone REIT Acquires 86,907-Square-Foot Shopping Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Whitestone REIT has acquired 5000 South Hulen, an 86,907-square foot shopping center in Fort Worth. Located adjacent to Hulen Mall, Old Navy and Barnes & Noble anchor the property, which was 96 percent leased at the time of sale. Additional tenants include Sephora, Old Navy, Potbelly Sandwich Works, Sports Clips, Kincaid’s Hamburgers and Jamba Juice. Chris Gerard, Erin Lazarus and Adam Howells of JLL’s Investment Sales team represented the sellers, Trademark Real Estate and ALTO Real Estate, in the transaction. The acquisition of 5000 South Hulen marks …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pinecrest Square
FloridaInvestment salesNews

Native Realty Brokers $10.3 Million Sale of Pinecrest Square in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Native Realty has brokered the $10.3 million sale of Pinecrest Square, a 40,409-square-foot shopping center located in the Fort Lauderdale neighborhood of Cypress Creek. Tenants at the property include ChenMed, 7-Eleven, Jiffy Lube, Cheers Food and Spirits and Veterinary Emergency Group. Available spaces at the center range from 1,200 square feet to 4,000 square feet, with an available 1,000-square-foot medical office space. Jaime Sturgis of Native Realty represented the buyer, an entity doing business as 903 Cypress Creek LLC, in the transaction. An entity operating as …

Continue Reading
1 FacebookTwitterLinkedinEmail
323 Marine Ave.
CaliforniaInvestment salesNews

Cushman & Wakefield Arranges $2.2 Million Sale of Retail Property in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — Cushman & Wakefield has arranged the $2.2 million sale of a 1,300-square-foot freestanding retail building in Newport Beach. Situated within the Balboa Island shopping district at 323 Marine Ave., home goods retailer Blu Canoe occupies the site, which was originally built in 1930. Joseph Lising and Nathan Demosthenes of Cushman & Wakefield’s Capital Markets & Retail Services team represented the seller, a Newport Beach-based family office that previously owned the property for more than 30 years. A Newport Beach-based investor was the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Habersham Crossing
GeorgiaInvestment salesNews

Colliers Negotiates $10.6 Million Sale of 149,397-Square-Foot Shopping Center in Cornelia, Georgia

by Abby Cox

Cornelia, Ga. — Colliers has negotiated the $10.6 million sale of Habersham Crossing, a 149,397-square-foot shopping center located in Cornelia. Goodwill, Tractor Supply Co., Ross Dress For Less and Dollar Tree anchor the center, which was fully leased at the time of sale. Additional tenants include Bath & Body Works, Palm Beach Tan, TB Nails & Spa and Habersham Package. Scott Israel and Joe Montgomery of Colliers represented the seller, an entity doing business as Habersham ZMCS LLC, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts