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Investment sales

Goldmine-Village_Dahlonega-Ga
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia

by Hayden Spiess

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction.  “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory …

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Elements-Horsham
Investment salesNewsPennsylvania

FNRP Acquires 50,353-Square-Foot Retail Property in Metro Philadelphia

by Hayden Spiess

Horsham, Pa. — First National Realty Partners (FNRP) has acquired Elements Horsham, a 50,353-square-foot retail property located in Horsham, roughly 25 miles north of Philadelphia. The property was 94 percent leased at the time of sale to tenants including Starbucks Coffee, MaGerk’s Pub & Grill, Aqua-Tots Swim School, TruMark Financial and Charles Schwab. James Galbally, Patrick Higgins, Chris Munley and Colin Behr of JLL represented the undisclosed seller in the transaction.

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ArizonaDevelopmentInvestment salesNews

Peak Southern Purchases 5.8-Acre Retail Development Site in Phoenix Suburb

by Hayden Spiess

Mesa, Ariz. — Peak Southern LLC has purchased a 5.8-acre land site in the Phoenix suburb of Mesa. Signal Butte & Southern LLC sold the property for $3 million. John Jackson and Kristina Remon of Colliers in Arizona arranged the transaction. The buyer plans to develop a retail center on the property. According to Colliers, the property will be divided into three pad sites that are available for purchase, build-to-suit or ground lease, and the construction schedule will be dependent upon the execution of purchases and leases.

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Investment salesNew YorkNews

Marcus & Millichap Brokers $18 Million Sale of 129,059-Square-Foot Shopping Center in Troy, New York

by Hayden Spiess

Troy, N.Y. — Marcus & Millichap has brokered the $18 million sale of Hudson River Commons, a 129,059-square-foot shopping center located in Troy. Big Lots anchors the property, which is situated on a 12.2-acre site. Other tenants at the center, which was 97 percent leased at the time of sale, include Friendly’s, Sonic, Subway, Starbucks Coffee, Family Dollar and Saratoga National Bank. Joseph French and Kodi Traver represented the seller and procured the buyer in the transaction. 

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Martintown-Plaza_North-Augusta-S.C
Investment salesNewsSouth Carolina

Matthews Arranges Sale of 143,716-Square-Foot Martintown Plaza Retail Center in North Augusta, South Carolina

by Hayden Spiess

North Augusta, S.C. — Matthews Real Estate Investment Services has arranged the sale of Martintown Plaza, a 143,716-square-foot retail center located in North Augusta. Belk, Planet Fitness and Goodwill anchor the property, which was built in 1975 and renovated in 2012. Kyle Stonis, Pierce Mayson, Jeff Enck and Boris Shilkrot of Matthews represented the undisclosed seller in the transaction. 

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FloridaInvestment salesNews

CTO Realty Growth Acquires Marketplace at Seminole Towne Center in Metro Orlando for $68.7 Million

by Hayden Spiess

Sanford, Fla. — CTO Realty Growth has acquired Marketplace at Seminole Towne Center, a 318,000-square-foot retail center located in Sanford, approximately 25 miles outside Orlando. An undisclosed seller sold the center for $68.7 million. Situated on 41 acres, the property was 98 percent leased at the time of sale. Burlington, Marshalls, World Market, Petco, Ross Dress for Less, Old Navy, Ulta Beauty and Five Below anchor the center. 

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Shell_Seattle
Investment salesNet leaseNewsWashington

Marcus & Millichap Arranges $3.2 Million Sale of Shell-Occupied Property in Seattle

by Hayden Spiess

Seattle — Marcus & Millichap has arranged the $3.2 million sale of a gas station property located in the Ballard neighborhood of Seattle. Shell occupies the property on a net-lease basis. Hank Wolfer of Marcus & Millichap’s Seattle office represented the undisclosed seller in the deal.

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Salad-and-Go_Edmond-Okla
Investment salesNewsOklahoma

Hanley Facilitates $1.7 Million Sale of Single-Tenant Property in Metro Oklahoma City

by Hayden Spiess

Edmond, Okla. — Hanley Investment Group Real Estate Advisors has facilitated the $1.7 million sale of a single-tenant property located in Edmond, roughly 15 miles outside Oklahoma City. Salad and Go Drive-Thru occupies the 858-square-foot building, which is an outparcel to a Lowe’s. Jeff Lefko and Bill Asher of Hanley represented the seller, in association with Alex Apter of Location Commercial Real Estate and ParaSell Inc. Eric Fleske of Fleske Commercial Group represented the buyer, a private investor. 

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Oak-Forest-Commons_Oak-Forest-Ill
IllinoisInvestment salesNews

Mid-America Real Estate Arranges Sale of 115,754-Square-Foot Shopping Center in Suburban Chicago

by Hayden Spiess

Oak Forest, Ill. — Mid-America Real Estate Corp. has arranged the sale of Oak Forest Commons, a 115,754-square-foot shopping center located in the Chicago suburb of Oak Forest. Rick Drogosz, Ben Wineman and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the transaction. First Tek acquired the center for an undisclosed price. The property was managed by Pine Tree on behalf of the seller. 

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Colonnade-Retail-Cener_San-Antonio
Investment salesNewsTexas

Headwall Investments, SageView Partners Acquire 126,549-Square-Foot Shopping Center in San Antonio

by Hayden Spiess

San Antonio — A joint venture between Headwall Investments and SageView Partners has acquired The Colonnade Retail Center, a 126,549-square-foot shopping center located in San Antonio. Tenants at the property include Firehouse Subs, Great Clips, The Honey Baked Ham Co., First Watch and PJ’s Coffee of New Orleans. This marks the inaugural purchase for Headwall’s Shopping Center Fund II portfolio, a platform targeting unanchored convenience retail centers in major Texas metros. 

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