Yuma, Ariz. — Disney Investment Group (DIG) has brokered the sale of Yuma Palms Regional Center, a 398,602-square-foot retail center located in Yuma. The property was leased to 49 tenants at the time of sale. Retailers at the property include Ross Dress for Less, Marshalls, PetSmart, Michaels, Five Below, Old Navy, Ulta Beauty and Harkins Theatre at the time of sale. David Disney and Adam Crockett of DIG represented the undisclosed seller and procured the buyer, Bridge33, in the transaction.
Las Vegas — The Cooper Commercial Investment Group has arranged the $2.3 million sale of a single-tenant retail property located in Las Vegas. AutoZone occupies the building, which is situated on an outparcel to a Walmart-anchored shopping center. Dan Cooper of Cooper Commercial represented the seller, a Florida-based private investment group, in the transaction. AutoZone recently signed a new 15-year lease, with roughly 14 years remaining.
Walla Walla, Wash. — Alamo Group and Covenant Real Estate Group have acquired Walla Walla Town Center, a 120,169-square-foot shopping mall situated on 31 acres in Walla Walla. Tenants at the property, which was 93 percent occupied at the time of sale, include Planet Fitness, Burlington, Ross Dress for Less, Marshall’s, PetSmart, Ulta Beauty, Hobby Lobby, Famous Footwear and Sportsman’s Warehouse. Formerly known as Blue Mountain Mall, the property was redeveloped and reopened as Walla Walla Town Center in 2018. Christopher Edwards, Clayton Brown and Ruthanne Loar of Marcus & Millichap …
Brooklyn Park, Minn. — Hanley Investment Group Real Estate Advisors has brokered the $11.9 million sale of Edinburgh Festival Centre, a retail center located in Brooklyn Park, roughly 11 miles outside Minneapolis. A 54,476-square-foot Festival Foods anchors the 91,563-square-foot property. Other tenants at the center, which was built in 1996, include Dollar Tree, Caribou Coffee, Dairy Queen, Jackson Hewitt Tax Service, Kumon Reading and Math Center and State Farm Insurance. Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, LS Capital, in the transaction. The …
Carmel, Ind. — Big V Property Group, with partner Equity Street Capital, has acquired Merchants’ Square, a 232,284-square-foot retail center located in the Indianapolis suburb of Carmel. Tenants at the property include Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco and Dollar Tree. This marks Big V’s first acquisition in the Indianapolis market.
Birmingham, Ala. —Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17.6 million sale of Eastwood Village, a 130,056-square-foot shopping center in Birmingham. A Walmart, not included the transaction, anchors the center. Tenants at the property include Ross Dress for Less, Office Depot, Michaels and Party City. Zach Taylor of IPA represented the seller, a partnership based in Louisiana, in the transaction and sourced the buyer, a private syndicator based in California that paid all-cash.
Holiday, Fla. — Graphite Real Estate has purchased Holiday Centre, a 67,035-square-foot shopping center located in Holiday, a northern suburb of Tampa. Graphite acquired the property for $9.9 million. Publix anchors the center, which was 98 percent leased at the time of sale. Other tenants include Planet Fitness, Publix Liquors and Bright Now Dental. Ari Ravi of RIPCO Investment Sales represented the undisclosed seller in the transaction, and RGA Reinsurance Co. originated acquisition financing on behalf of Graphite.
Boston — Ironside Realty has acquired a 3,300-square-foot single-tenant property located in downtown Boston. 7-Eleven occupies the property on a net-lease basis. A broker represented the undisclosed seller in the transaction, and Ironside was self-represented.
Chicago — Mid-America Real Estate Corp. has arranged the sale of Lawndale Plaza, a 104,240-square-foot shopping center in Chicago’s Lawndale neighborhood. Anchored by Freshway Market, the property is leased to tenants including Citi Trends, Taco Bell, PNC, Rainbow, Cosmo Superstore and O’Reilly Auto Parts. Rick Drogosz and Emily Gadomski of Mid-America represented the seller, Mercer Street Holdings Three. Acre Investment Co. LLC was the buyer.
Ooltewah, Tenn. — Marcus & Millichap has brokered the $5.6 million sale of Wolftever Crossing Shopping Strip, a 12,040-square-foot shopping center located in Ooltewah, roughly 20 miles outside Chattanooga. Tenants at the property, which was built in 2017, include AT&T, Supercuts, Salsarita’s, Firehouse Subs and a standalone AFC Urgent Care. Harrison Creason and Andrew Margulies of Marcus & Millichap arranged the sale on behalf of the seller, a South Carolina-based partnership, and procured the buyer, a California-based private investor. Jody McKibben assisted in closing the transaction as the firm’s broker of …