Investment sales

Colliers Brokers $5.4 Million Sale of Two Outparcels in Metro Richmond

by Hayden Spiess August 25, 2023

Chester, Va. — Colliers has brokered the $5.4 million sale of two outparcels at Bermuda Square, a shopping center located in the Richmond suburb of Chester. The properties include a multi-tenant space leased to Aspen Dental and Sleep Number and a single-tenant property occupied by Chipotle Mexican Grill. Separate buyers acquired the properties for $4 million and $1.4 million, respectively. Michael Brewster and Brad Peterson of Colliers represented the undisclosed seller in the transactions, with assistance from Jay O’Donnell and Jeff Fritz of Colliers.

August 25, 2023

Company news Connecticut Investment sales News Restaurants

Roark Capital Agrees to Acquire Subway Restaurant Chain

by Hayden Spiess August 24, 2023

Milford, Conn. — Private equity firm Roark Capital has entered into a definitive agreement with Subway to acquire the Milford-based restaurant chain. The price was not disclosed, but according to CNBC, Subway previously sought $10 billion, and The Wall Street Journal reported on Monday that Roark offered $9.6 billion. According to CNBC, other bidders reportedly included TDR Capital and Sycamore Partners. Founded more than 50 years ago by Peter Buck and Fred DeLuca, Subway boasts 36,592 restaurants globally, according to the company website. Market-research firm Technomic has reported that the chain garnered $9.8 billion in domestic sales …

August 24, 2023

Florida Investment sales News

IPA Brokers $18.1 Million Sale of Bay City Point Shopping Center in Florida

by Hayden Spiess August 24, 2023

Panama City, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.1 million sale of Bay City Point, a 121,413-square-foot shopping center located in Panama City. Tenants at the property include Hobby Lobby, Burlington, Five Below, Sketchers and Ulta Beauty. Zach Taylor of IPA represented the seller, Ledbetter Properties, in the transaction.

August 24, 2023

Grocery-anchored Investment sales News North Carolina

Legacy Arranges Sale of 38,500-Square-Foot Shopping Center in North Carolina

by Hayden Spiess August 24, 2023

North Wilkesboro, N.C. — Legacy Realty Group Advisors has arranged the sale of North Park Centre, a 38,500-square-foot shopping center located in North Wilkesboro. Food Lion anchors the property. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction.

August 24, 2023

California Grocery-anchored Investment sales News

JLL Brokers $29.2 Million Sale of Retail Center in Metro Sacramento

by Hayden Spiess August 23, 2023

Vacaville, Calif. — JLL Capital Markets has brokered the $29.2 million sale of Power Plaza, a 112,250-square-foot retail center located in Vacaville, approximately 30 miles outside Sacramento. Built in 1993 and 1994, the property was 96 percent occupied at the time of sale. Sprouts Farmers Market anchors the center. Other tenants include Restoration Hardware Outlet, Williams Sonoma Home Outlet, Pacific Dental Services, The Good Feet Store and Banfield Pet Hospital. Eric Kathrein, Tim Kuruzar, Warren McClean and Andy Spangenberg of JLL represented the seller, ProEquity Asset Management. DPI Retail acquired the …

August 23, 2023

California Investment sales News

Newmark Negotiates Sale of 24,867-Square-Foot Retail Center in Walnut Creek, California

by Hayden Spiess August 23, 2023

Walnut Creek, Calif. — Newmark has negotiated the sale of Midtown Plaza, a 24,867-square-foot retail center located in Walnut Creek. The property was fully leased at the time of sale to tenants including Galpao Gaucho Brazilian Steakhouse and Premier Bath & Kitchen. Nicholas Bicardo, Rick Steffens and Cheyne Bloch of Newmark represented the undisclosed seller in the transaction. L&B Realty Advisors represented the buyer, an institutional client.

August 23, 2023

Investment sales News Oregon

CBRE Arranges Sale of 146,888-Square-Foot Former Sears Property in Portland Suburb

by Hayden Spiess August 22, 2023

Happy Valley, Ore. — CBRE has arranged the sale of a 146,888-square-foot property located in Happy Valley, a suburb of Portland. Formerly occupied by Sears, the building is physically attached to the adjacent Clackamas Town Center mall, which totals 1.4 million square feet. Dick’s Sporting Goods partially backfilled the property in 2019 and opened in 2020 following the departure of Sears in 2018. The remainder of the building, including two 15,000-square-foot ground-level spaces and a 64,000-square-foot upper-level space, remains vacant. Dino Christophilis and Daniel TIbeau of CBRE represented the undisclosed seller …

August 22, 2023

Grocery-anchored Investment sales News Texas

Ivy Cos., 35 South Capital Acquire 48,500-Square-Foot Shopping Center in Austin, Texas

by Hayden Spiess August 22, 2023

Austin, Texas — A partnership between Ivy Cos. and 35 South Capital has acquired Casis Village, a 48,500-square-foot shopping center located in Austin. Randalls anchors the property, and other tenants include Tarrytown Pharmacy, Starbucks Coffee, Benchmark Bank, Estilo Boutique, Food Food and L Majors Jewelers. Dan Frey of Endeavor Real Estate Group represented the seller, the Bryant Family, which built the center in 1952. Rue Realty will lead leasing efforts at the property. Heritage Title was the title company for the transaction.

August 22, 2023

Investment sales News Texas

Partners Real Estate Arranges Sale of 8,000-Square-Foot Single-Tenant Property in Texas

by Hayden Spiess August 21, 2023

Fort Stockton, Texas — Partners Real Estate has arranged the sale of an 8,000-square-foot single-tenant property in Fort Stockton. Dollar General occupies the building. According to LoopNet Inc., the property was originally constructed in 1994. The buyer and seller were both undisclosed investment firms. Evan Altemus of Partners brokered the transaction.

August 21, 2023

Florida Grocery-anchored Investment sales News

Cushman & Wakefield Arranges Sale of 237,498-Square-Foot Shopping Center in Boca Raton, Florida

by Hayden Spiess August 17, 2023

Boca Raton, Fla. — Cushman & Wakefield has arranged the sale of Shadowwood Square, a 237,498-square-foot shopping center located in Boca Raton. Constructed in 1982, the property is anchored by Sprouts Farmers Market, Walgreens and Old Navy. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity controlled by Evelyn Langlieb Greer doing business as Shadowwood Square Ltd. An affiliate of Edens acquired the property.

August 17, 2023

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