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Investment salesNewsOhio

SRS Real Estate Partners Arranges $11.9 Million Sale of Shopping Center in Toledo, Ohio

by Hayden Spiess

Toledo, Ohio — SRS Real Estate Partners has arranged the $11.9 million sale of Airport Square, a 187,252-square-foot shopping center located in Toledo. Situated on approximately 23 acres, the property was 99 percent occupied at the time of sale. Tenants at the center include Urban Air Adventure Park, Discount Fashion Warehouse, American Freight and DaVita Healthcare. Urban Air recently signed a 10-year lease at the center. Jack Cornell, Matthew Mousavi and Patrick Luther of SRS, along with Mac Lehrer of Hoty Enterprises, represented the seller, Oklahoma City-based Frayer Properties. SRS also …

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AlabamaInvestment salesNews

Cove Capital Acquires 130,056-Square-Foot Eastwood Village Retail Center in Birmingham, Alabama

by Hayden Spiess

Birmingham, Ala. — Cove Capital Investments has acquired Eastwood Village, a 130,056-square-foot retail center located in Birmingham. Tenants at the property, which was 96 percent occupied at the time of sale, include Ross Dress for Less, Five Below, Office Depot, Michaels, Party City and Starbucks Coffee. The acquisition marks the newest addition to Cove Capital’s DST portfolio, which includes 89 properties totaling 2.1 million square feet throughout the country. 

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CaliforniaInvestment salesNews

JLL Brokers $6.3 Million Sale of Retail Center in Southern California

by Hayden Spiess

Tustin, Calif. — JLL Capital Markets has brokered the $6.3 million sale of Newport and Walnut Center, a retail center located in Tustin. The property, which was fully leased at the time of sale, totals 9,624 square feet. Tenants at the center include HiroNori Craft Ramen, Crown Beauty, Studio 18 Nail Bar and Moon Lash Beauty. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented both the seller and buyer in the transaction. World Premier Investments acquired the property for an undisclosed price. 

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Investment salesMarylandNews

Legacy Arranges Sale of 51,894-Square-Foot Shopping Center in Hagerstown, Maryland

by Hayden Spiess

Hagerstown, Md. — Legacy Realty Group Advisors has arranged the sale of Kenley Village, a 51,894-square-foot shopping center located in Hagerstown. Dollar General Market anchors the property, which was 66 percent occupied at the time of sale. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy represented both the buyer and seller in the transaction. 

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GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia

by Hayden Spiess

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the buyer, an entity doing business as AGW Goldmine LLC, in the transaction.  “This is a great long-term investment for our client,” says Abbott. “Dahlonega is a unique market in that it is directly in North Atlanta’s path of growth, but it’s tough to find inventory …

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Investment salesNewsPennsylvania

FNRP Acquires 50,353-Square-Foot Retail Property in Metro Philadelphia

by Hayden Spiess

Horsham, Pa. — First National Realty Partners (FNRP) has acquired Elements Horsham, a 50,353-square-foot retail property located in Horsham, roughly 25 miles north of Philadelphia. The property was 94 percent leased at the time of sale to tenants including Starbucks Coffee, MaGerk’s Pub & Grill, Aqua-Tots Swim School, TruMark Financial and Charles Schwab. James Galbally, Patrick Higgins, Chris Munley and Colin Behr of JLL represented the undisclosed seller in the transaction.

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ArizonaDevelopmentInvestment salesNews

Peak Southern Purchases 5.8-Acre Retail Development Site in Phoenix Suburb

by Hayden Spiess

Mesa, Ariz. — Peak Southern LLC has purchased a 5.8-acre land site in the Phoenix suburb of Mesa. Signal Butte & Southern LLC sold the property for $3 million. John Jackson and Kristina Remon of Colliers in Arizona arranged the transaction. The buyer plans to develop a retail center on the property. According to Colliers, the property will be divided into three pad sites that are available for purchase, build-to-suit or ground lease, and the construction schedule will be dependent upon the execution of purchases and leases.

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Investment salesNew YorkNews

Marcus & Millichap Brokers $18 Million Sale of 129,059-Square-Foot Shopping Center in Troy, New York

by Hayden Spiess

Troy, N.Y. — Marcus & Millichap has brokered the $18 million sale of Hudson River Commons, a 129,059-square-foot shopping center located in Troy. Big Lots anchors the property, which is situated on a 12.2-acre site. Other tenants at the center, which was 97 percent leased at the time of sale, include Friendly’s, Sonic, Subway, Starbucks Coffee, Family Dollar and Saratoga National Bank. Joseph French and Kodi Traver represented the seller and procured the buyer in the transaction. 

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Investment salesNewsSouth Carolina

Matthews Arranges Sale of 143,716-Square-Foot Martintown Plaza Retail Center in North Augusta, South Carolina

by Hayden Spiess

North Augusta, S.C. — Matthews Real Estate Investment Services has arranged the sale of Martintown Plaza, a 143,716-square-foot retail center located in North Augusta. Belk, Planet Fitness and Goodwill anchor the property, which was built in 1975 and renovated in 2012. Kyle Stonis, Pierce Mayson, Jeff Enck and Boris Shilkrot of Matthews represented the undisclosed seller in the transaction. 

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FloridaInvestment salesNews

CTO Realty Growth Acquires Marketplace at Seminole Towne Center in Metro Orlando for $68.7 Million

by Hayden Spiess

Sanford, Fla. — CTO Realty Growth has acquired Marketplace at Seminole Towne Center, a 318,000-square-foot retail center located in Sanford, approximately 25 miles outside Orlando. An undisclosed seller sold the center for $68.7 million. Situated on 41 acres, the property was 98 percent leased at the time of sale. Burlington, Marshalls, World Market, Petco, Ross Dress for Less, Old Navy, Ulta Beauty and Five Below anchor the center. 

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