Jackson, Tenn. — B+E has brokered the $6.8 million sale of an Academy Sports + Outdoors net-leased property in downtown Jackson. The buyer, Chimblo Family Real Estate LLC, worked with B+E to complete a 1031 Tax Deferred Exchange via B+E’s
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Oceanside, Calif. — Flocke & Avoyer Commercial Real Estate has directed the sale of three single-tenant, triple-net leased assets at Pacific Coast Plaza Center, a 450,000-square-foot retail center in Oceanside. AGC Pacific Coast Plaza sold the three properties for a
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Mission Viejo, Calif. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of the retail component with Avery Center in Mission Viejo. Orange County-based Pacific Castle sold the property to an Orange County-based family for $12.9 million.
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Newton, Mass. And Dallas — Hospitality Properties Trust (NASDAQ: HPT) has purchased a portfolio of net-leased retail assets from Spirit MTA REIT for $2.4 billion. The portfolio consists of 774 service-oriented retail properties in 43 states that are occupied by
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By Austin Blodgett and Eric Wohl, Hanley Investment Group The professional car wash industry is more than 100 years old. Yet, the category has only recently picked up steam as a viable alternative to traditional net leased retail properties for
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Delaware, Ohio — Marcus & Millichap has arranged the sale of a 14,490-square-foot property net leased to Walgreens for $2.7 million. The building is situated on 1.7 acres at 19 London Road in Delaware, Ohio, about 30 miles north of
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EVANSVILLE, IND. — CBRE has assisted Raben Tire Company Inc. in the sale-leaseback of 19 properties across five states.
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Tampa and Fort Lauderdale, Fla. — The transaction includes 19 Circle Ks, nine Applebees restaurants, nine Fred’s Super Dollar properties and three Krystal restaurants.
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Phoenix — The new company will operate under the Spirit Realty Capital brand name.
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New York City — The transaction is expected to close during the third quarter.
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Adelaide Polsinelli Senior Director, Eastern Consolidated Retail condominiums are growing in popularity for investors looking for a new outlet.
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Irvine, Calif. — The properties include one Kohl’s ground lease, six net-leased Wendy’s restaurants and a Circle K property.
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