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Investment sales

Sheridan Village Center
FloridaInvestment salesMixed-useNews

Perkins Realty Management Acquires Sheridan Village Center in Florida for $15.5 Million

by Abby Cox

Pembroke Pines, Fla. — Perkins Realty Management has acquired Sheridan Village Center, a 64,311-square-foot mixed-use retail and self-storage property located in Pembroke Pines, for $15.5 million. The property comprises 29,331 square feet of ground floor retail space, as well as a 419-unit self-storage facility that totals 35,000 square feet. The retail portion of the center was 93 percent leased to tenants including Memorial Healthcare System, Dunkin’ Donuts and Momo Relaxation at the time of sale. The self-storage component spans two upper floors above the Eastern retail strip and features climate-controlled …

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The Oaks of Oak Brook
IllinoisInvestment salesNews

Mid-America Real Estate Brokers Sale of 67,146-Square-Foot Retail Center in Oak Brook, Illinois

by Abby Cox

Oak Brook, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center located in the Chicago suburb of Oak Brook. The property was 98 percent leased to tenants including Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer at the time of sale. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners, in the transaction. The property sold to a private buyer.

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Wyoming Mall
Investment salesNew MexicoNews

Westwood Financial Sells Wyoming Mall in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Los Angeles-based Westwood Financial has sold Wyoming Mall, a 51,713-square-foot retail center in Albuquerque. Walmart Supercenter anchors the property, which was 96 percent leased at the time of sale. Other tenants include Raising Cane’s, Starbucks Coffee, Krispy Kreme, Dollar Tree, Great Clips and Chick-fil-A. The Chick-fil-A outparcel at the property was not included in the sale. Curbline Properties Corp. was the buyer.

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Ocean Village Square
FloridaInvestment salesNews

Marcus & Millichap Brokers $8.4 Million Sale of 60,631-Square-Foot Shopping Center in New Smyrna Beach, Florida

by Abby Cox

New Smyrna Beach, Fla. — Marcus & Millichap has brokered the $8.4 million sale of Ocean Village Square, a 60,631-square-foot shopping center located in New Smyrna Beach. Built in 1986, the center is anchored by Dollar General and sits on 9 acres. Other tenants include Nautilus Fitness NSB, Touch of Italy and the Atlantic Wellness Center. David Vaughan and Ray Turchi of Marcus & Millichap procured the buyer, a private investor based in Central Florida.

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Gold’s Marketplace
ColoradoInvestment salesNews

Canopy Real Estate Partners Acquires Retail Center in Metro Denver for $15.8 Million 

by Abby Cox

Wheat Ridge, Colo. — Denver-based Canopy Real Estate Partners has acquired Gold’s Marketplace, a neighborhood retail center located roughly six miles outside Denver in Wheat Ridge, for $15.8 million. Situated at 26th Ave. and Kipling St., the 59,000-square-foot center was 83 percent leased to 17 tenants including Illegal Pete’s, Esters Neighborhood Pub, Queen City Collective Coffee, Em’s Ice Cream and Rich Spirit Bagels at the time of sale.

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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.7 Million Sale of Single-Tenant Retail Property in Cathedral City, California

by Abby Cox

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a newly constructed, single-tenant retail property located in Cathedral City, roughly seven miles southeast of Palm Springs. Situated within the Cathedral Cove Center, a 1,900-square-foot Starbucks Coffee occupies the building on a 10-year triple-net-lease with 10 percent rent increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller in the transaction. Alexander Moore of SRS Real Estate Partners represented the 1031 exchange buyer, a Roseville, California-based private investor.

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Civic Center Plaza
CaliforniaInvestment salesNews

Brixton Capital Acquires 60,000-Square-Foot Shopping Center in Metro San Diego

by Abby Cox

San Marcos, Calif. — Locally based Brixton Capital has acquired Civic Center Plaza, a 60,000-square-foot shopping center located in San Marcos, roughly 35 miles north of downtown San Diego. Originally developed in 2007 in conjunction with the city, the four-building center was 97 percent leased at the time of sale. Other tenants include LA Fitness, FedEx, Subway, Robek’s, PizzaNova and Ryan Bros Coffee. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, the City of San Marcos, in the transaction, while Brixton internally represented the company in …

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Circle K convenience store
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $4.2 Million Sale of Single-Tenant Retail Property Near Palm Springs, California

by Abby Cox

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.2 million sale of a newly constructed, single-tenant retail property located in Cathedral City, approximately seven miles southeast of Palm Springs. A 3,700-square-foot Circle K convenience store occupies the building, which is situated within Cathedral Cove Center on a 20-year triple-net-lease with 10 percent rent increases every five years. Circle K is scheduled to open in fall 2025. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the …

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Coolwood Plaza
IndianaInvestment salesNews

Marcus & Millichap Brokers $12.4 Million Sale of Retail Center in Valparaiso, Indiana

by Abby Cox

Valparaiso, Ind. — Marcus & Millichap has brokered the $12.4 million sale of Coolwood Plaza in Valparaiso. Anchored by a Strack & Van Til grocery store, the shopping center is home to 11 tenants and totals 104,234 square feet, according to CommercialCafe. The property is also home to a separately leased commissary space operated by Strack & Van Til that supports food preparation and distribution for 21 regional locations. Mitchell Kiven and Nicolas Kanich of Marcus & Millichap represented the seller, an entity affiliated with Chicago-based developer Weiss Entities LLC. …

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Woodmont Village
GeorgiaGrocery-anchoredInvestment salesNews

Matthews Real Estate Negotiates Sale of Woodmont Village in Metro Atlanta

by Abby Cox

Canton, Ga. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot brokered the transaction. Aubuchon Realty Co. was the buyer.

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