Cumming, Ga. — Timber Development has sold a retail center located in Cumming, roughly 40 miles northeast of Atlanta, for $2.8 million. Built in 2019, the property was fully leased at the time of sale to four tenants, including AT&T and Jersey Mike’s, at the time of sale. Ari Ravi and Nate Timmons of Ripco brokered the transaction.
Acworth, Ga — Tobin Real Estate has arranged the $15 million sale of Acworth Crossing Shopping Center, a 120,829-square-foot retail center located in Acworth, a northwest suburb of Atlanta. Built in 2006 on 15.3 acres, the center is leased to tenants including Crunch Fitness, PetSmart, popshelf and Dollar Tree. Louie Granteed of Tobin represented the seller, an entity doing business as Monarch at Acworth Crossing LLC, in the transaction. Collin Cambas and Johnny Craig of Matthews Real Estate Investment Services represented the buyer, an entity doing business as Acworth Properties LLC.
Taylor, Mich. — KJ Commercial has brokered the $10.8 million sale of Goddard Square in Taylor. The property comprises a 77,340-square-foot shopping center, a 6,624-square-foot retail outlot building and an adjoining five-acre land parcel. Tenants include Planet Fitness, Dunham’s Sports, Cattleman’s Grocery and Del Taco. Kevin Jappaya, David Jappaya and Preston Rabban of KJ Commercial represented the undisclosed buyer in the transaction.
Chicago — SVN Chicago Commercial has brokered the $1 million sale of a 5,000-square-foot retail building in Chicago’s Edgewater neighborhood, along with the business sale of the ground-floor restaurant. A local restaurant buyer purchased the building. Marcus Sullivan and Tim Rasmussen of SVN represented the undisclosed seller. Pearl’s formerly occupied the restaurant space.
Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …
Attleboro, Mass. — RK Centers has acquired Bristol Place, a 414,404-square-foot shopping center located in Attleboro. Moving forward, the property, which was 96 percent leased at the time of sale, will be rebranded as RK Bristol Place. Tenants at the center include Market Basket, The Home Depot, T.J. Maxx, Burlington, Hobby Lobby, Edge Fitness, Bob’s Discount Furniture and Party City. An affiliate of Unison Realty Partners sold the property for an undisclosed price. Nat Heald represented the seller in the transaction.
Theodore, Ala. — Dorsey Development, an entity owned and operated by G. Paul Dorsey III, has purchased Island Road Shopping Center in Theodore. Winn-Dixie anchors the property, which totals 59,822 square feet. Other tenants at the center include Pizza Hut, Subway, Buddy’s Home Furnishings and Premier Nails.
Juno Beach, Fla. — Bucksbaum Properties has acquired Plaza La Mer, a 111,000-square-foot shopping center located in Juno Beach. Built in 1988, the property comprises five buildings situated on 10 acres. Tenants at the center include Dunkin’ Donuts, Trustco Bank and Loggerhead Fitness.
Katy, Texas — SRS Real Estate Partners has arranged the $14.6 million sale of a 55,000-square-foot retail building in the Houston suburb of Katy. Kohl’s occupies the property, which is currently under construction, on a triple-net-lease basis. Matthew Mousavi and Patrick Luther of SRS represented the seller and procured the buyer, which acquired the asset via a 1031 exchange.
Spring Hope, N.C. — Legacy Realty Group Advisors has brokered the $4.8 million sale of Spring Hope Commons, a 47,950-square-foot retail center located in Spring Hope. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.
