Philadelphia — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $52 million sale of Penrose Plaza, a 258,494-square-foot shopping center in South Philadelphia. Anchored by ShopRite Supermarket, the property was 94 percent leased at the
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North Palm Beach, Fla. — A joint venture between American Commercial Realty Corp. and Investment Capital Partners has acquired Crystal Cove Commons, a 120,000-square-foot mixed-use property located in North Palm Beach. The property includes 73,738 square feet of retail and
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Racine, Wis. — Matthews Real Estate Investment Services has brokered the $10.7 million sale of a Home Depot-occupied retail property in Racine, about 24 miles south of Milwaukee. The asset is located at 2429 S. Green Bay Road near High
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Lake Elsinore, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $10.5 million sale of a single-tenant retail property occupied by Walgreens in Lake Elsinore. Jeremy McChesney, Bill Asher and Jeff Lefko of Hanley Investment Group represented the
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Lincoln, Neb. — Quantum Real Estate Advisors Inc. has arranged the $2.5 million sale of a single-tenant property occupied by Perkins Restaurant & Bakery in Lincoln. The building is located at 7301 Husker Circle. Zack Hilgendorf of Quantum represented the
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Phoenix — Marcus & Millichap has brokered the $2.1 million sale of a retail building located at 5349 W. Baseline Road in Phoenix. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, an undisclosed partnership, and procured
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Keller, Texas — JAH Realty has signed a 32,000-square-foot lease with Planet Fitness at Keller Crossing Shopping Center in Keller, about 17 miles from Fort Worth. William Rosatti represented JAH Realty and Tyler Grisham at Edge Realty Partners represented Planet
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Goodyear, Ariz. — ORION Investment Real Estate has brokered the sale of Central Marketplace, a 62,000-square-foot retail center located in the Phoenix suburb of Goodyear. A California-based seller sold the asset to an undisclosed buyer for $9.8 million in an
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West Des Moines, Iowa — JRW Realty has arranged the $10 million sale of a 52,227-square-foot, single-tenant property occupied by Hobby Lobby in West Des Moines. Joel Staffilino and Christopher Thompson of JRW Realty arranged the transaction. Matthews Real Estate
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Riverton, Utah — Matthews Real Estate Investment Services has arranged the acquisition of a retail property occupied by Walgreens in Riverton, roughly 20 miles outside Salt Lake City. An undisclosed buyer purchased the asset for $8.4 million in a 1031
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Gilbert, Ariz. — Newmark has arranged the sale of Centre at Higley-Williams Field, a shopping center located roughly 22 miles outside Phoenix in Gilbert. Bruce Galloway of Higley Evergreen sold the asset to Brandon Sparks of BedTech for $5.3 million.
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Chicago — L3 Capital has acquired 1051 N. Rush, a 10,000-square-foot retail property in Chicago’s Gold Coast neighborhood. The purchase price was undisclosed. The two-level asset is fully leased to Vans and Uniform Teeth. Marol Rush was the seller. Keely
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