Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 6,297-square-foot two-tenant retail pad in Coon Rapids, roughly 15 miles outside Minneapolis. Fast-casual restaurant chain Dave’s Hot Chicken and medical spa Chapter Aesthetic Studio occupy the building, which is situated within the Riverdale Commons retail center on a 10-year lease. Dave’s Hot Chicken totals 2,797 square feet, while Chapter Aesthetic Studio totals 3,500 square feet. Jeff Lefko and Bill Asher of Hanley, in association with Robert Wise and Jeff Jiovanazzo of CBRE, …
Queens, New York — Marcus & Millichap has brokered the $4.4 million sale of a 14,257-square-foot retail property in the Jamaica neighborhood of Queens. The three-story property, which was vacant at the time of sale, features 9,280 square feet of ground-floor retail space and roughly 5,000 square feet on the top floors of the building. The property also includes up to 61,920 buildable square feet for residential use. Scott Plasky and Billy Stephan IV of Marcus & Millichap’s Manhattan office marketed the property on behalf of the undisclosed seller and …
Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 3,893-square-foot single-tenant retail pad in the Coon Rapids suburb of Minnesota. Fast-casual restaurant Café Zupas occupies the building, which is situated within the Riverdale Commons retail center, on a 10-year, triple-net-lease basis with scheduled rent increases every five years. Founded in 2004, Utah-based Café Zupas currently operates 70 locations across eight states. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Robert Wise and Jeff Jiovanazzo of CBRE, represented …
Louisville, Colo. — Mt. Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Village Square Shopping Center, a 40,211-square-foot retail property in Louisville, for $9.3 million. The center is shadow-anchored by Shamrock Foods. ZRP has allocated funds to improve the center’s infrastructure and curate a successful tenant mix. Brooke Frey and Christian Chamblee led the ZRP deal team in the transaction. The acquisition of Village Square Shopping Center marks ZRP’s first retail acquisition in the state of Colorado.
Brick, New Jersey — East Windsor, New Jersey-based TFE Properties has acquired The Shops at Brick, a 103,832-square-foot shopping center located in Brick. Bonefish Grill and McDonald’s are tenants at the property. Tenant spaces ranging from 1,700 square feet to 35,000 square feet are vacant and available for lease. Additionally, the property’s former ALDI and Big Lots stores comprise more than 50,000 square feet of vacant space for use. TFE Properties plans to upgrade the building façade. This sale marks the fifth property TFE Properties has acquired in Brick. Kevin …
Blue Springs, Mo. — Hanley Investment Group Real Estate Advisors has brokered the sale of two newly constructed, single-tenant retail properties located in Blue Springs, roughly 19 miles southeast of downtown Kansas City. The adjacent properties — which are occupied by Dental Care on 7 and Starbucks Coffee — were sold for more than $5 million to two separate buyers. The transactions had a blended cap rate in the low 6 percent range. Situated on a 0.96-acre parcel, Dental Care on 7 totals 4,200 square feet. Jeff Lefko and Bill …
Berkeley, Calif. — The Levin Johnston Group of Marcus & Millichap has brokered the sale of a 12,419-square-foot retail property located at 2310 Telegraph Ave. in Berkeley. Restaurant chain Raising Cane’s purchased the property for $12.7 million. The property is currently tenanted by Walgreens, but Raising Cane’s plans a future location for the property.
Queens, New York — Marcus & Millichap has arranged the $5.2 million sale of a 9,640-square-foot retail property located along Queens Boulevard in Rego Park. The property is anchored by CTown Supermarket and features three additional service-oriented tenants and 100 feet of retail frontage. Joseph French Jr. and Kodi Traver of Marcus & Millichap’s Westchester office marketed the property on behalf of the seller and procured the buyer, both private investors, in the transaction.
Reno, Texas — STRIVE has arranged the sale of a 9,026-square-foot Dollar General in Reno. Adam Gottschalk and Jason Vitorino of STRIVE represented the seller, a wealth management trust, and sourced a local buyer. Additional terms of the sale were not disclosed.
North Charleston, S.C. — Mt. Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has acquired Promenade at Northwoods, a 253,308-square-foot retail center in North Charleston, for $30.8 million. While the sales price was not disclosed, The Post and Courier reports the seller was an affiliate of Charlotte, North Carolina-based Big V Property Group. Situated across from Northwoods Mall, the property is anchored by Hobby Lobby and Ollie’s Bargain Outlet. Christian Chamblee, Brooke Frey and Paige Tompkins led the ZRP deal team in the transaction. This acquisition brings ZRP’s metro Charleston portfolio …