Chicago and Hoffman Estates, Ill. — Sears Holdings Corp. and General Growth Properties Inc. have entered into a real estate joint venture under which Sears Holdings has contributed 12 of its properties located at GGP-owned malls for approximately $330 million.
Columbus, Ga. — America’s Realty, in partnership with ARCJ Capital, has purchased Fountain Park Shopping Center in Columbus for $4.95 million from Phillips Edison & Co.
New York — Marcus & Millichap has arranged the sale of a 21,395-square-foot mixed-use property located in New York. The asset sold for $9.95 million.
Santa Fe Springs, Calif. — Faris Lee Investments has negotiated the $3.65 million ground-lease sale of a single-tenant retail property occupied by Jack in the Box in Santa Fe Springs.
Bloomfield Hills, Mich. — Agree Realty Corp. has closed on the acquisition of 10 retail properties for an aggregate purchase price of approximately $17.5 million. The properties are net leased to five different tenants and located in 7 states.
Orlando, Fla. — Sean Glickman, senior advisor for institutional investments at Coldwell Banker Commercial NRT and founder of the Glickman Retail Group, has brokered the sale of Colonial Town Center in Orlando to an international buyer for $9.3 million.
Camden, S.C. — ProVest Properties LLC has purchased Springdale Plaza, a 179,000-square-foot shopping center located in Camden, for $11.8 million.
Atlanta — GBT Realty Corp. has acquired a 1.7-acre site in East Cobb County, a suburb of Atlanta, for $1.65 million.
Chicago — Mid-America Real Estate Corp.’s Investment Sales team has brokered the sale of 174 North Michigan Avenue, located in Chicago, for $12.5 million.
Decatur, Ill. — Block & Co. Inc. has sold a 45,114-square-foot retail strip center in Decatur for $4.65 million.