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Investment sales

FloridaGrocery-anchoredInvestment salesNews

Wilder Acquires 65,417-Square-Foot Retail Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Wilder has acquired the Shoppes at Palmer Ranch, a 65,417-square-foot retail center located in Sarasota. Publix anchors the property with a store featuring a drive-thru pharmacy and Publix Liquors. Other tenants at the center include Dental Care at Palmer Ranch, Sherwin-Williams, Wellness Animal Hospital, Ann Volcano Nail Lounge and Fuji Sushi Steakhouse. Brad Peterson of Colliers represented the seller, WMG Development, in the transaction. Donald Jennewein of Colliers arranged acquisition financing on behalf of Wilder. 

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Investment salesNewsNorth Carolina

Legacy Arranges Sale of 54,803-Square-Foot Shopping Center in Cary, North Carolina

by Hayden Spiess

Cary, N.C. — Legacy Realty Group Advisors has arranged the sale of Hemlock Plaza, a 54,803-square-foot shopping center located in Cary. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented the buyer in the transaction. Daniel Walser and David Divine of APG Advisors represented the seller. 

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Walgreens-Indiana
IndianaInvestment salesNet leaseNews

Marcus & Millichap Brokers $2.4 Million Sale of Walgreens-Occupied Property in Bluffton, Indiana

by Hayden Spiess

Bluffton, Ind. — Marcus & Millichap has brokered the $2.4 million sale of a single-tenant retail property in Bluffton, roughly 25 miles south of Fort Wayne. Built in 2023, the building is occupied by Walgreens, with approximately 4.5 years remaining on the triple-net lease. Jordan Klink and David Klink of Marcus & Millichap represented the seller, Eureka Limited Co., and procured the buyer, Valuecom22 LLC, in the transaction.

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Publix_Dacula-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Brokers $25 Million Sale of New Publix-Anchored Shopping Center in Dacula, Georgia

by Hayden Spiess

Dacula, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of Publix at Harbins 316, a shopping center located in Dacula, roughly 40 miles outside Atlanta. Tenants at the center, which is anchored by Publix, include Great Clips, Starbucks Coffee, Jersey Mike’s Subs, Wingstop, The UPS Store and Heartland Dental. Ed Hanley and Kevin Fryman of Hanley, with ParaSell Inc., represented the buyer, a San Diego-based investor, in the transaction. Chris Decouflé, Kevin Hurley and Matt Karempelis of CBRE represented the seller, Watkins Real Estate Group.

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Shopping-Center_Buffalo-Grove-Ill
IllinoisInvestment salesNews

Quantum Brokers $3.9 Million Sale of Shopping Center in Metro Chicago

by Hayden Spiess

Buffalo Grove, Ill. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of a 94,000-square-foot shopping center located in the northwest Chicago suburb of Buffalo Grove. At the time of sale, the property was 51 percent leased to tenants including Aldi, Dollar Tree and AutoZone. Brett Berlin of Quantum represented the buyer, a private developer based in Illinois that plans to redevelop the center. The previous owner lost the property to its lender. 

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Investment salesNewsTexas

CenterSquare Acquires 22,443-Square-Foot Retail Center in Austin Suburb

by Hayden Spiess

Cedar Park, Texas — CenterSquare has acquired the Shops at Lakeline, a 22,443-square-foot retail center located in the Austin suburb of Cedar Park. The property was fully leased at the time of acquisition. According to a press release issued by the company, the purchase aligns with CenterSquare’s strategy “to target unanchored, high-quality essential service retail (ESR) centers in strong demographic submarkets.” 

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Investment salesNewsTexas

Partners Capital Sells 73,882-Square-Foot Retail Center in San Marcos, Texas

by Hayden Spiess

San Marcos, Texas — Partners Capital, the investment platform of Partners Real Estate, has sold San Marcos Place, a 73,882-square-foot retail center located in San Marcos. An Austin, Texas-based private buyer acquired the property for an undisclosed price. Built in 1985 and renovated in 2017, the center was 82 percent occupied at the time of sale. Cathy Nabours and Kyle Shaffer of SRS Real Estate Partners represented Partners Capital in the transaction. Partners Capital acquired San Marcos Place in June 2018 as part of its Partners Opportunity Fund II. 

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University-Hills-Denver-CO
ColoradoFinanceGrocery-anchoredInvestment salesNews

KPR Centers Secures $33.9 Million in Acquisition Financing for University Hills Retail Center in Denver

by Hayden Spiess

Denver — KPR Centers has secured a $33.9 million loan to finance the acquisition of University Hills, a retail center located in Denver. Sunny Sajnani and Travis Headapohl of Institutional Property Advisors (IPA) Capital Markets, a division of Marcus & Millichap, arranged the five-year financing through a life insurance company lender. The fixed-rate loan features full-term interest-only payments and prepayment open at par for the last year.  Tom Lagos of IPA procured the buyer in the sales transaction. University Hill was fully leased to tenants including King Soopers, Michaels, Marshalls, Office …

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ConnecticutGrocery-anchoredInvestment salesNews

Atlantic Capital Partners Brokers $15.1 Million Sale of Shopping Center in Groton, Connecticut

by Hayden Spiess

Groton, Conn. — Atlantic Capital Partners, a division of Atlantic Retail, has brokered the $15.1 million sale of Groton Shopper Mart, a 171,858-square-foot shopping center in Groton in southern coastal Connecticut. Big Y Supermarket anchors the center, which was 77 percent leased at the time of sale. Other tenants at the property include Starbucks Coffee, CVS/pharmacy and Chase Bank. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented both the buyer and seller in the transaction. Stephen Joseph and Stephen Hassenflu, also with Atlantic Capital Partners, …

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Oracle-Gateway_Tucson-Ariz
ArizonaInvestment salesNews

Commercial Retail Advisors Arranges Sale of 58,702-Square-Foot Retail Center in Tucson, Arizona

by Hayden Spiess

Tucson, Ariz. — Commercial Retail Advisors has arranged the sale of Oracle Gateway, a 58,702-square-foot retail center located in Tucson. Developed in 1986, the property was 94 percent occupied at the time of sale. A 22,901-square-foot office building is also located at the site and was not included in the sale. Craig Finfrock of Commercial Retail Advisors, Jan Fincham of Lee & Associates, Fred Howard of Progressive Property Management and Randy Finfrock of Southwest Retail Partners represented the seller, an entity doing business as 3838 Oracle Plaza Joint Venture LLC, in …

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