North Canton, Ohio — Axiom Realty has acquired The Venue at Belden, a 157,632-square-foot regional shopping center in North Canton, Ohio. Originally built in 1974, the center was renovated and re-tenanted in 2016 and 2017. Burlington, T.J. Maxx, HomeGoods and Earth Fare comprise more than 60 percent of the center’s gross leasable area. Erin Patton of IPA represented the undisclosed seller in the transaction.
Petaluma, Calif. — Brixton Capital has acquired Washington Square, a 215,506-square-foot shopping center located in Petaluma, for $67.5 million. The eight-building retail center — which was more than 99 percent leased at the time of sale — is anchored by Safeway. Other tenants at the property include Staples, Harbor Freight Tools, Planet Fitness, Five Below and MarinHealth Medical Center. Brixton plans to improve the property, which was built in 1971 and renovated in 1996, with parking lot and exterior enhancements, roof replacements, new paint and landscaping, and upgrades to the …
Stow and Yarmouth, Mass. — Atlantic Capital Partners has arranged the $26 million sale of two grocery-anchored shopping centers in Massachusetts. The properties include Stow Shopping Center in the Boston suburb of Stow and Yarmouth Shopping Center in Yarmouth. Justin Smith, Chris Peterson, Sam Koonce, Danielle Donovan and Matt Austin of Atlantic Capital Partners represented the seller and procured the buyer, an undisclosed Canadian entity, in the transaction. Stow Shopping Center is anchored by Shaw’s Supermarket and spans 124,405 square feet. The property was 90 percent leased at the time …
Norfolk, Va. — SLN Capital Markets, a division of S.L. Nusbaum Realty Co., has sold a 7,440-square-foot, three-tenant retail outparcel at Greenbrier Square in Norfolk for $3.4 million. Tenants at the retail strip center include La Hacienda Mexican Grill, Clover Nail Spa and Tobacco Land & Vape. This transaction marks SLN’s seventh retail parcel sold at the 254,000-square-foot grocery-anchored shopping center.
Fort Worth, Texas — A partnership between Trademark Property Co. and Swift Creek Partners has sold Waterside, a 68-acre mixed-use development located in Fort Worth. The Georgetown Co. purchased the property for an undisclosed price. The mixed-use development — which was 98 percent leased at the time of sale — features 157,791 square feet of retail space anchored by Whole Foods Market and REI. The property also includes 550 multifamily units, office space, a Residence Inn, townhomes and a community pavilion and gathering space. Chris Gerard, Barry Brown, Erin Lazarus …
Colonial Heights, Va. — Legacy Realty Group Advisors has arranged the sale of Walthall Shopping Center, a 46,400-square-foot shopping center in Colonial Heights, roughly 20 miles outside Richmond. Built in 1988, the center is anchored by Food Lion. Additional tenants at the property include a salon, Excel Chinese Restaurant and Swan Cleaners. Jacob Baruch and Daniel Baruch of Legacy represented the undisclosed buyer. Steve Yoon of Champion Realty Investment represented the seller in the off-market transaction.
Monterey, Calif. — Federal Realty Investment Trust has acquired Del Monte Shopping Center, a 674,000-square-foot retail development located in Monterey, for $123.5 million. Originally built in 1967 and renovated in 2007, the center is situated on 47 acres. Whole Foods Market anchors the property, which was 83 percent leased at the time of sale. Other tenants at the center include Sephora, lululemon, Pottery Barn, Century Theatres, Macy’s and Anthropologie. According to Placer.ai, the development ranks among the top five percent of shopping centers in the United States for annual foot …
Connecticut and Rhode Island — Kempner Properties has acquired a portfolio of six shopping centers in Connecticut and Rhode Island for $30.8 million. The portfolio totals 126,299 square feet and includes 248 West Main Street in Avon, Connecticut; 1326 Boston Post Road in Milford, Connecticut; 580 Main Avenue Norwalk, Connecticut; 994 North Colony Road in Wallingford, Connecticut; 61 Boston Post Road in Orange, Connecticut; and 1085 Bald Hill Road in Warwick, Rhode Island. Each property is anchored by Town Fair Tire. Kempner plans to renovate several of the centers — …
Manchester, N.H. — Hanley Investment Group Real Estate Advisors has arranged the $1.8 million sale of two newly-constructed single-tenant retail properties in Manchester. Located at 525 and 527 Hooksett Road, the buildings are situated on a 1.2-acre parcel and include a 3,450-square-foot Taco Bell and 807-square-foot Aroma Joe’s coffee shop. Both are occupied on a triple-net-lease basis. Hanley’s Jeff Lefko and Bill Asher, in association with ParaSell Inc., represented the Florida-based private buyer in the all-cash, off-market transaction. The seller was a Burlington, Massachusetts-based private investor.
Manchester, N.H. — The Grossman Cos. (TGCI) has acquired South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. TGCI purchased the property for an undisclosed price via its investment fund HIIPCF II. Linear Retail Properties was the seller. Built in 1988, the center features long time tenants including Hannoush Jewelers, Mattress Firm, Chipotle Mexican Grill, as well as a new restaurant, The Great Greek.
