Carrollton, Ga. — Stratus Property Group has acquired a 38,000-square-foot shopping center located downtown Carrollton, roughly 45 miles west of Atlanta. The purchase included three acres of land. Tenants at the property include Shuckers Oyster House and Sutton’s American Grill. Stratus Property Group plans to reimagine the center, in collaboration with the City of Carrollton.
Chandler, Ariz. — Kidder Mathews has brokered the $12.5 million sale of Sun Village Fair, a retail center located in Chandler, roughly 20 miles outside Phoenix. Sun Village Fair comprises 189,022 square feet of existing retail space, as well as roughly six acres available for pad development. Additionally, the site features a Walmart, First Bank and Wendy’s, which were not included in the sale. Darren Tappen, Nathan Thinnes, Pete Beauchamp, Trask Switzenberg and Matthew Ault of Kidder Mathews represented the seller, LNR Partners, in coordination with Trevor Koskovich of Northmarq and …
Mishawaka, Ind. — The Boulder Group has arranged the $9.6 million sale of a single-tenant retail property located in Mishawaka. Best Buy occupies the 50,327-square-foot building on a net lease. Nearby tenants include Target, Apple, Macy’s, Menards, Ross Dress for Less, Walmart, Sam’s Club, The Home Depot, Aldi, Meijer and Costco. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a West Coast-based partnership.
Glendale, Calif. — NAI Capital Commercial has negotiated the $3.2 million sale of a two-building retail property in Glendale, just north of Los Angeles. Guillermo Olaiz and John Archibald of NAI Capital Commercial represented the undisclosed seller in the transaction.
Freeport, Maine — Retail owner-operator Wilder Cos. has acquired Freeport Village Station, a 122,121-square-foot shopping center located in Freeport, roughly 20 miles outside Portland. L.L. Bean anchors the 3.6-acre property, which is situated across from the brand’s flagship campus. Other tenants at the center include Brooks Brothers, Old Navy, Coach, Famous Footwear, Lindt, Oakley, OshKosh B’gosh and Carter’s, Sunglasses Hut, Talbots, Sketchers and Francesca’s.
Rogersville, Ala. — Legacy Realty Group Advisors has arranged the sale of a single-tenant property located in Rogersville. Foodland occupies the building, which features 24,000 square feet, on a net-lease basis. Jacob Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Monroe, Ga. — Marcus & Millichap has brokered the $7.5 million sale of Paradise Shoppes, a 23,500-square-foot retail center located in Monroe, roughly 44 miles east of Atlanta. An unnamed private equity firm based in Tulsa purchased the shopping center in an all-cash transaction from the seller, a private equity partnership. Marc Irvin of Marcus & Millichap’s Atlanta office represented the seller in the transaction. Paradise Shoppes comprises two separate parcels, with one featuring a 5,300-square-foot building anchored by Truist Bank and Moe’s Southwest Grill. The other parcel comprises an 18,200-square-foot …
Key West, Fla. — JLL has brokered the $74.5 million sale of Key Plaza Shopping Center, a 230,970-square-foot retail center located in Key West. Publix anchors the property. Other tenants include junior anchors OfficeMax and Dollar Tree. Manny DeZarraga, Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented the undisclosed seller in the transaction.
Anaheim, Calif. — Tourmaline Capital has acquired Anaheim Hills Shopping Village, a 67,528-square-foot shopping center in Anaheim. A private family partnership sold the property for $16.7 million. Big Lots anchors the center, which was 95 percent occupied at the time of sale. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the seller in the transaction.
Parkesburg, Pa. — Marcus & Millichap has arranged the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center located in Parkesburg, roughly 50 miles west of Philadelphia. Grocery Outlet and Planet Fitness anchor the 7.7-acre property, which recently underwent a capital improvement program. Other tenants include the U.S. Post Office and Dollar General. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer in the transaction.