Investment sales

Douglasville Day Center
GeorgiaInvestment salesNews

TSCG Brokers Sale of 25,300-Square-Foot Retail Center in Douglasville, Georgia

by Abby Cox

Douglasville, Ga. — TSCG has brokered the sale of Douglasville Day Centre, a 25,300-square-foot shopping center located in the Atlanta suburb of Douglasville. The center — which was originally built in 2005 — was fully leased at the time of sale. Tenants at the property include Starbucks Coffee, Verizon Wireless, Orangetheory Fitness, Tropical Smoothie Café and Shane’s Rib Shack. The center also features four separate outparcels — McDonald’s, Panda Express, Texas Roadhouse and Carrabba’s Italian Grill — that were not included in the sale. Anthony Blanco, Mallory Silva and Serge …

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Independence Square
Grocery-anchoredInvestment salesNewsTexas

JLL Facilitates Sale of 140,218-Square-Foot Retail Property in Plano, Texas

by Abby Cox

Plano, Texas — JLL Capital Markets has facilitated the sale of Independence Square, a 140,218-square-foot retail property located in Plano. Situated on 13.8 acres, the center was built in 1977 and renovated in 2005. The property — which was 93 percent leased at the time of sale — is anchored by Tom Thumb. Additional tenants at the center include Anytime Fitness, Oscar Nail Lounge, Kids B Kids and Jersey Mike’s. Chris Gerard, Erin Lazarus, Barry Brown and Adam Howells of JLL Capital Markets Investment Sales and Advisory team represented the …

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Wareham Marketplace
Grocery-anchoredInvestment salesMassachusettsNews

Horvath & Tremblay Arranges $6.8 Million Sale of Retail Center in Wareham, Massachusetts

by Abby Cox

Wareham, Mass. — Horvath & Tremblay have arranged the $6.8 million sale of Wareham Marketplace, a two-center retail property located in Wareham, roughly 45 miles east of Providence. Aldi anchors a 29,910-square-foot strip center that includes tenants Dollar Tree and Kadrmas Eye Care of New England. An additional 5,337-square-foot strip includes tenants UPS, Jersey Mike’s, Mimi’s Nails and Glow Tanning. The center also features three freestanding retailers — AutoZone, Wendy’s and Mattress Firm — that were not included in the transaction. Bob Horvath and Todd Tremblay represented the seller and …

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Cave Springs Shopping Cente
Investment salesMissouriNews

Marcus & Millichap Brokers Sale of 176,804-Square-Foot Power Center in Suburban St. Louis

by Abby Cox

St. Peters, Mo. — Marcus & Millichap has brokered the $22.1 million sale of Cave Springs Shopping Center, a 176,804-square-foot power center located in the northwest suburb of St. Louis. The property — which is co-anchored by The Edge Fitness Club and Hobby Lobby — was fully leased at the time of sale to tenants including Office Depot, Cycle Gear and LongHorn Steakhouse. The sale included four individual, single-tenant, net-leased outparcel buildings. Craig Fuller, Erin Patton and Scott Wiles of IPA sourced a local buyer in the 1031 exchange. David …

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LBJ East Shopping Center
Investment salesNewsTexas

STRIVE Arranges Sale of 34,074-Square-Foot Shopping Center in Garland, Texas

by Abby Cox

Garland, Texas — STRIVE has arranged the sale of LBJ East Shopping Center, a 34,074-square-foot shopping center located in the Dallas suburb of Garland. The property was fully leased at the time of sale. Jack Hicks and Hudson Lambert of STRIVE represented the seller and sourced the local Texas-based buyer. Additional terms of the sale were not disclosed.

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Galt Ocean Marketplace
FloridaGrocery-anchoredInvestment salesNews

Gazit Horizons Acquires Retail Center for $35.4 Million in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Miami-based Gazit Horizons Inc. has acquired Galt Ocean Marketplace, a 105,589-square-foot retail center located in the Galt Ocean Mile neighborhood of Fort Lauderdale, for $35.4 million. The property — which was 96 percent leased at the time of sale — is anchored by Winn-Dixie. Additional tenants at the center include CVS Pharmacy, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams. The acquisition of Galt Ocean Marketplace joins Gazit Horizons’ portfolio of Florida properties, including luxury residential towers AER Tampa and Maizon Brickell in Miami.

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Shoppes at Westgate
Investment salesNew YorkNews

Time Equities Acquires 62,049-Square-Foot Shopping Center in Rochester, New York

by Abby Cox

Rochester, N.Y. — New York City-based Time Equities Inc. (TEI) has acquired The Shoppes at Westgate, a 62,049-square-foot shopping center located in Rochester, for $6.2 million. Originally built in 1958 and renovated in 1986, the property is shadow-anchored by a Walmart Supercenter. Tenants at the center, which was 91 percent leased at the time of sale, include Ross Dress For Less, Bath & Body Works, Citi Trends and Citizens Bank. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith of TEI represented the firm in the transaction. Ben Snyder and …

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1129-1141 East 11th Street
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 10,578-Square-Foot Retail Property in Houston

by Abby Cox

Houston — Marcus & Millichap has brokered the sale of a 10,578-square-foot retail property located in Houston. Situated at 1129-1141 East 11th Street, the property was fully leased at the time of sale to tenants including Three Dog Bakery and Republic Boot Co. Justin Miller represented the seller, a Houston-based developer, in the transaction.

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Greenville Promenade
Investment salesNewsTexas

STRIVE Arranges Sale of 220,482-Square-Foot Power Center in Metro Dallas-Fort Worth

by Abby Cox

Greenville, Texas — STRIVE has arranged the sale of Greenville Promenade, a 220,482-square-foot power center located in Greenville, approximately 35 miles northeast of Dallas. Originally built in 1972, the center was fully leased at the time of sale to tenants including Spec’s Wines, Spirits & Foods, Ashley’s Furniture, Petco, Marshall’s, Ross Dress For Less, Belk and Staples. Hudson Lambert and Jennifer Pierson of STRIVE represented the California-based seller, while Harrison Beethe of STRIVE represented the local Dallas-Fort Worth-based buyer in the transaction. Additional terms of the sale were not disclosed. …

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Shoppes at Romence Village
Investment salesMichiganNews

Mid-America Brokers Sale of 62,079-Square-Foot Shopping Center in Portage, Michigan

by Abby Cox

Portage, Mich. — Mid-America Real Estate Corp. has brokered the sale of Shoppes at Romence Village, a 62,079-square-foot shopping center located in Portage, five miles south of Kalamazoo. The center — which was 96 percent leased at the time of sale — features a mix of tenants including AAA, Great Clips, Michigan Secretary of State, Jet’s Pizza, Once Upon A Child and Clothes Mentor. New York-based Time Equities purchased the property for an undisclosed price. Ben Wineman, Daniel Stern and Brad Lefkowitz of Mid-America represented the seller, Bloomfield Hills, Michigan-based …

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