Jensen Beach, Fla. — Phillips Edison Grocery Center REIT II Inc. has purchased Ocean Breeze Plaza in Jensen Beach for $14.9 million.
Naples, Fla. — Barron Collier Cos., The Lutgert Cos. and Madison Marquette have sold Mercato, a mixed-use lifestyle and entertainment centers with over 450,000 square feet of retail and Class A office space in Naples in southwest Florida.
Owings Mills, Md. — The Greysteel Co. has brokered the $31.7 million sale of New Town Village Center, a 117,593-square-foot grocery-anchored shopping center located in Owings Mills.
Springfield, Ohio — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $19.9 million sale of Springfield Commons, a 207,497-square-foot shopping center in Springfield.
New York — Eastern Consolidated has arranged the sale of the Ridge Street portfolio, three contiguous mixed-use buildings located on New York’s Lower East Side.
Miami — Federal Realty Investment Trust has acquired an 80 percent interest in CocoWalk, a 198,000-square-foot lifestyle center in Miami’s Coconut Grove neighborhood, for $87.5 million.
Scottsdale, Ariz. — Northsight Village Shopping Center, an 88,031-square-foot retail center in Scottsdale, has sold to Arizona Partners for $11.5 million.
Chicago — Baum Realty Group has brokered the $16.6 million sale of five retail properties totaling 81,606 square feet in the Chicago area.
Glen Ellyn, Ill. — Mid-America Real Estate Corp. has brokered the sale of a 2,500-square-foot Dunkin’ Donuts and a 1,400-square-foot Short Term Loans.
Bloomfield Hills, Mich. — Agree Realty Corp. recently closed on the acquisition of six retail properties for an aggregate purchase price of approximately $35.4 million.