New Mexico

Albuquerque, N.M. — SimonCRE has acquired Cottonwood Corners, a 218,144-square-foot retail center located in Albuquerque. An entity doing business as Gibson-Cottonwood LLC sold the property for an undisclosed price. Tenants at the property, which was developed in two phases in 1996 and 1998, include Barnes & Noble, Best Buy, Michaels, Ross Dress for Less, Legacy Furniture, New Balance, The UPS Store, Mattress Firm, Leslie’s Poolmart, Scrub Spot, LA Luxe Nails and Firehouse Subs. The center also features 29,233 square feet of big box space and 4,679 square feet of small shop …

Albuquerque, N.M. — Westwood Financial has sold Sycamore Plaza, a 37,442-square-foot shopping center located in Albuquerque, for an undisclosed price. Petsmart anchors the property, which was fully occupied at the time of sale. Other tenants include Sally Beauty, Einstein Bros. Bagels, Stretch Zone, GNC, Super Cuts and GameStop. CBRE National Retail Partners represented Westwood in the transaction. 

Farmington, N.M. — Newmark has brokered the sale of a single-tenant retail building located at 5200 E. Main St. in Farmington. Johnston Real Estate Farmington sold the asset to an undisclosed public REIT for $6.5 million. Matt Berres, Samer Khalil and Karick Brown of Newmark’s Net Lease Capital Markets group, along with John Ransom of Colliers, represented the seller in the deal. Ashley HomeStore occupies the property on a long-term, passive double net-lease basis. The retail furniture store has more than 2,000 locations in 60 countries.