Vancouver, Wash. — HDA Partners has purchased Y Plaza, a 22,000-square-foot retail center in Vancouver, roughly 10 miles north of Portland, for $3.6 million. Deborah Ewing of Fuller Group Commercial Real Estate Services represented the seller, Slosar Properties, in the transaction. Eric Garske of Marcus & Millichap represented HDA.
Miami — CBRE has brokered the $49.3 million sale of Trail Plaza, a 181,558-square-foot shopping center located in Miami. Built in 1987, the property was 99 percent leased at the time of sale. Tenants at the center include Fresco y Más, Walgreens, Harbor Freight Tools and Party Depot. Casey Rosen and Dennis Carson of CBRE represented the undisclosed seller in the transaction. An entity controlled by Longpoint Realty Partners acquired the property.
Las Vegas — Newcastle Properties has purchased a 90,373-square-foot retail center located in the Summerlin area of Las Vegas. Whole Foods Market anchors the property. Other tenants at the center include Five Guys Burgers and Fries, Blaze Pizza, Firehouse Subs and FedEx Office.
Riverside, Calif. — Hanley Investment Group Real Estate Advisors has arranged the acquisition of five retail outparcels located at Citrus Landing, a 124,904-square-foot retail center in Riverside. Tenants at the outparcels, which total 25,916 square feet, include Carl’s Jr., Quick Quack Car Wash, Arrowhead Credit Union, Panda Express, Café Bottega, Pacific Dental, and Chick-fil-A, which is scheduled to open next year. Stater Bros. anchors Citrus Landing, which was fully occupied at the time of sale. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the 1031-exchange buyers in the transaction. …
Oceanside, Calif. — Sedaka Investment Partners has acquired a 7,424-square-foot retail property located in Oceanside. The property was fully leased to four tenants at the time of sale. Sedaka purchased the property from an undisclosed seller for $2.7 million.
New York City — VICI Properties Inc. has acquired 38 bowling entertainment centers from Bowlero Corp. in a sale-leaseback transaction for a total $432.9 million. Bowlero will now occupy the properties, which are located in 17 states, on a triple-net-lease basis. Initial annual rent for the lease will total $31.6 million. The deal also included an eight-year right of first offer term for VICI to purchase Bowlero real estate. J.P. Morgan acted as financial advisor to VICI in the transaction, and Hogan Lovells US LLP and Kramer Levin Naftalis & Frankel …
Fairmont, Minn. — Cleeman Realty Group has brokered the $5.1 million sale of a single-tenant property located in Fairmont. Hy-Vee occupies the 54,740-square-foot building on a triple-net-lease basis. Jeremy Scheer of Cleeman represented the undisclosed buyer in the transaction.
Vernon, Calif. — DP Vernon Retail has sold Vernon Shopping Center, a retail center located in Vernon, roughly 4 miles outside downtown Los Angeles. Built in 2017, the center totals 14,000 square feet and was 77 percent occupied at the time of sale. Current tenants include Jersey Mike’s Subs and Café Dulce. Wimatex Inc. acquired the property for an undisclosed price in a 1031 exchange. Chris Maling and David Maling of Avison Young represented DP in the transaction.
Stockton, Calif. — Brixton Capital has acquired Pacific Town Center, a 143,217-square-foot shopping center located in Stockton. Tenants at the property, which was 42 percent leased at the time of sale, include Smart & Final, Panda Express and Subway. The buyer plans to re-tenant spaces formerly occupied by Toys “R” Us and T.J. Maxx. Hanley Investment Group represented the undisclosed seller in the transaction.
Leesburg, Fla. — Island Associates Real Estate has brokered the $6.3 million sale of Lake Harris Square Plaza, a retail center located in Leesburg, roughly 45 miles outside Orlando. Winn-Dixie anchors the 9.8-acre property, which recently saw the addition of a 61,220-square-foot building. Other tenants at the center include Beef O’Brady, Brooklyn’s Pizzeria & Italian Restaurant, Subway and Seafood Shack. Roger Delisle of Island Associates represented the buyer, and Daniel Baruch of Legacy Realty Group represented the seller.